Peninsula Volunteer Properties Inc
- Assets
- $23.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 09/1963
- Data as of
- 12/2022
- EIN
- 94-1517101
Organization Overview
Peninsula Volunteer Properties Inc is located in Menlo Park, CA. The organization was established in 1963. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Peninsula Volunteer Properties Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Peninsula Volunteer Properties Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 8 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
THE CORPORATION'S EXEMPT PURPOSE IS TO PROVIDE HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES TWO APARTMENT BUILDINGS, WHICH HOUSES 93 AND 30 UNITS RESPECTIVELY, FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Olson CEO | OfficerTrustee | 2 | $0 |
Candice Schwab Past President | OfficerTrustee | 1 | $0 |
Georgie Gleim President | OfficerTrustee | 1 | $0 |
Sandy Ferer Vice President | OfficerTrustee | 1 | $0 |
Anna Marie Janky Secretary | OfficerTrustee | 1 | $0 |
Honor Huntington Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
San Francisco Elevator Services Elevator Service And Construction | 12/30/21 | $107,074 |
Barcelon Associates Management Corp Property Management | 12/30/21 | $106,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,495,687 |
| 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 | $2,495,687 |
| Total Program Service Revenue | $621,618 |
| Investment income | $375,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $220,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,713,764 |
| 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 | $368,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,900 |
| Payroll taxes | $32,888 |
| Fees for services: Management | $192,692 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,710 |
| Fees for services: Other | $6,069 |
| Advertising and promotion | $5,434 |
| Office expenses | $31,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,931 |
| Insurance | $47,076 |
| All other expenses | $81,329 |
| Total functional expenses | $1,836,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,764 |
| Savings and temporary cash investments | $152,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,091 |
| 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 | $5,012 |
| Net Land, buildings, and equipment | $3,131,832 |
| Investments—publicly traded securities | $19,453,570 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,918 |
| Total assets | $23,094,245 |
| Accounts payable and accrued expenses | $107,669 |
| Grants payable | $0 |
| Deferred revenue | $2,112 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,964 |
| Total liabilities | $160,745 |
| Net assets without donor restrictions | $22,933,500 |
| 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 | $23,094,245 |