Newburg Retirement Center Inc
- Assets
- $929.0k
- Revenue
- $66.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Fortuna, CA
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 94-2905524
Organization Overview
Newburg Retirement Center Inc is located in Fortuna, CA. The organization was established in 1983. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Newburg Retirement Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newburg Retirement Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW-INCOME/HANDICAPPED HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWBURG RETIREMENT CENTER PROVIDES 30 LOW-INCOME AND HANDICAPPED RENTAL UNITS SUBSIDIZED BY THE DEPT. OF HOUSING AND URBAN DEVELOPMENT SECTION 8 MONIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Demant Secretary | OfficerTrustee | 1 | $0 |
Edith Stromberg-Wall President | OfficerTrustee | 1 | $0 |
Larry Doss Treasurer | OfficerTrustee | 1 | $0 |
Ray Wilcox Vice President | OfficerTrustee | 1 | $0 |
Sharon Tubb Director | Trustee | 1 | $0 |
Gary Markegard President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,813 |
| Total Program Service Revenue | $0 |
| Investment income | $323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$205,292 |
| 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 | $66,223 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,282 |
| Savings and temporary cash investments | $67,459 |
| Pledges and grants receivable | $44,590 |
| Accounts receivable, net | $6,587 |
| 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 | $3,109 |
| Net Land, buildings, and equipment | $704,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,770 |
| Total assets | $928,982 |
| Accounts payable and accrued expenses | $3,331 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,075,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,991 |
| Total liabilities | $1,121,911 |
| Net assets without donor restrictions | -$208,410 |
| Net assets with donor restrictions | $15,481 |
| 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 | $928,982 |
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