American Gold Star Manor
- Assets
- $61.3m
- Revenue
- $2.7m
- Investments
- $14.4m
- Employees
- 12
- Location
- Long Beach, CA
- Founding
- 03/1974
- Data as of
- 12/2023
- EIN
- 23-7288650
Organization Overview
American Gold Star Manor is located in Long Beach, CA. The organization was established in 1974. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, American Gold Star Manor employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Gold Star Manor is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, American Gold Star Manor generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW COST HOUSING FOR NEEDY AND DISTRESSED MEMBERS IN GOOD STANDING WITH AMERICAN GOLD STAR MOTHERS, INC., AND LOWER INCOME SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Patrick President & CEO | 34 | $158,929 | |
Sarah Bergman CFO | 32 | $136,245 | |
Nicholas Sramek Chair | 2 | $0 | |
Steven Keesal Vice Chair | 2 | $0 | |
Gregory Pierson Secretary | 2 | $0 | |
Febien Lijiam Ghebreyesus Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Susan E A Wise | 12/30/20 | $70,210 |
Holthouse Carlin & Van Tright Llp | 12/30/20 | $51,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,221 |
| Interest on Savings | $86 |
| Dividends & Interest | $1,613,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$187,206 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,302,806 |
| Total Revenue | $2,736,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $295,173 |
| Other employee salaries and wages | $682,066 |
| Pension plans, employee benefits | $370,273 |
| Interest | $0 |
| Taxes | $40,067 |
| Depreciation | $1,677 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $825 |
| Printing and publications | $3,909 |
| Other expenses | $264,025 |
| Total operating and administrative expenses | $1,885,953 |
| Contributions, gifts, grants paid | $39,966 |
| Total expenses and disbursements | $1,925,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,791 |
| Savings and temporary cash investments | $345,080 |
| Net Accounts receivable | $13,365 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,488 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $102,557 |
| Other assets | $46,322,199 |
| Total assets | $61,318,344 |
| Accounts payable and accrued expenses | $136,928 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $17,348 |
| Total liabilities | $154,276 |
Grants Awarded
Over the last fiscal year, American Gold Star Manor has awarded $42,366 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MELISSA FARMER PURPOSE: HOUSING ASSISTANCE GRANT | $4,800 |
JULIE RUTILI PURPOSE: HOUSING ASSISTANCE GRANT | $3,249 |
KATHLEEN GOODMAN PURPOSE: HOUSING ASSISTANCE GRANT | $2,780 |
LINDA RICE PURPOSE: HOUSING ASSISTANCE GRANT | $1,875 |
JULIE PERKINS ASHBY PURPOSE: HOUSING ASSISTANCE GRANT | $3,375 |
ROXANN ABRAMS PURPOSE: HOUSING ASSISTANCE GRANT | $4,800 |