1150 Webster Street Inc
- Assets
- $12.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 07/1996
- Data as of
- 03/2024
- EIN
- 68-0381750
Organization Overview
1150 Webster Street Inc is located in San Rafael, CA. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1150 Webster Street Inc 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 03/2024, 1150 Webster Street Inc generated $32.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $32.2k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE CORPORATION IS THE SOLE OWNER OF A LIMITED LIABILITY COMPANY WHICH SERVES AS THE GENERAL PARTNER OF A LIMITED PARTNERSHIP WHICH PROVIDES 68 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Macy Secretary | 0.1 | $0 | |
Sophia Ponomarev Director | 0.1 | $0 | |
Tania Vincent Vp/treasurer | 0.1 | $0 | |
Clarice Veloso-Lugo Director | 0.1 | $0 | |
Stacey Smith Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,025 |
| Total Program Service Revenue | $31,156 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,182 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,237 |
| Total expenses | $32,237 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $12,064 |
| Total liabilities | $2,843,053 |
| Net assets or fund balances | -$2,830,989 |