Rodeo Senior Apartments Inc
- Assets
- $4.9m
- Revenue
- $889.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 06/2000
- Data as of
- 09/2022
- EIN
- 68-0449067
Organization Overview
Rodeo Senior Apartments Inc is located in San Rafael, CA. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Rodeo Senior Apartments 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 09/2022, Rodeo Senior Apartments Inc generated $889.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $876.2k during the year ending 09/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS ORGANIZED TO DEVELOP AND OPERATE A 50 UNIT APARTMENT BUILDING FOR THE ELDERLY IN RODEO, CALIFORNIA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THIS PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hall Secretary/treas | OfficerTrustee | 0.1 | $0 |
Welton Jordan Vice President | OfficerTrustee | 0.1 | $0 |
Cathy Macy President | OfficerTrustee | 0.1 | $0 |
Mike Farrel Asst. Secretary | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $652,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,671 |
| Total Program Service Revenue | $236,564 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,778 |
| Payroll taxes | $10,756 |
| Fees for services: Management | $48,600 |
| Fees for services: Legal | $856 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $702 |
| Office expenses | $25,343 |
| Information technology | $8,854 |
| Royalties | $0 |
| Occupancy | $331,135 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,922 |
| Insurance | $1,536 |
| All other expenses | $1,792 |
| Total functional expenses | $876,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,415 |
| Savings and temporary cash investments | $481,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $521 |
| Net Land, buildings, and equipment | $4,236,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,126 |
| Total assets | $4,881,096 |
| Accounts payable and accrued expenses | $1,971,882 |
| Grants payable | $0 |
| Deferred revenue | $2,295 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,427,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,982 |
| Total liabilities | $9,426,651 |
| Net assets without donor restrictions | -$4,545,555 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,881,096 |
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