Concord Residential Club Inc
- Assets
- $1.4m
- Revenue
- $410.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, CA
- Founding
- 10/1987
- Data as of
- 03/2022
- EIN
- 94-3047475
Organization Overview
Concord Residential Club Inc is located in Concord, CA. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Residential Club 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 03/2022, Concord Residential Club Inc generated $410.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $389.3k during the year ending 03/2022. While expenses have increased by 5.3% 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
PROVISION OF LOW-INCOME HOUSING TO THE DEVELOPMENTALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES A 20 UNIT APARTMENT BUILDING FOR THE PURPOSE OF PROVIDING DEVELOPMENTALLY DISABLED AND/OR HANDICAPPED PERSONS WITH HOUSING AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS FOR LONGER LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Williams Vice President | Officer | 1 | $0 |
Patricia Nunn Secretary | Officer | 1 | $0 |
John Jackson Treasurer | Officer | 1 | $0 |
Bill Maimone President | Officer | 1 | $0 |
Colleen Coll Director | Trustee | 1 | $0 |
Cathie Kolb Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $410,862 |
| Investment income | $62 |
| 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 | $410,924 |
| 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 | $67,481 |
| 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 | $25,849 |
| 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 | $30,789 |
| 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 | $61,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,718 |
| Insurance | $14,172 |
| All other expenses | $1,970 |
| Total functional expenses | $389,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $21,046 |
| Net Land, buildings, and equipment | $950,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384,350 |
| Total assets | $1,395,295 |
| Accounts payable and accrued expenses | $44,036 |
| 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 | $709,738 |
| Unsecured mortgages and notes payable | $1,160,627 |
| Other liabilities | $6,474 |
| Total liabilities | $1,920,875 |
| Net assets without donor restrictions | -$525,580 |
| 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 | $1,395,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glennwood Housing Foundation Laguna Beach, CA | $10,684,044 | $4,106,759 |
Concord Residential Club Inc Concord, CA | $1,395,295 | $410,924 |
Peaceful Living Homes Pasadena, CA | $14,400 | $282,307 |
Bhs Community Development Corporation Long Beach, CA | $6,592,474 | $338,000 |
Ivy Glen Housing Corporation Glendale, CA | $742,780 | $271,661 |
Resiliency Village Soulsbyville, CA | $485,205 | $368,889 |
Joshua Tree Apartments Inc Bakersfield, CA | $591,965 | $146,835 |
Big Wave Group El Granada, CA | $5,856,206 | $328,974 |
Village At Oasis Park - Phase Ii Inc Mesa, AZ | $2,054,150 | $105,028 |
River City Residential Club Inc Long Beach, CA | $329,353 | $168,088 |
Alpine East Inc Portland, OR | $483,016 | $112,679 |
Great Expectations Housing Corporation Reseda, CA | $509,948 | $93,841 |