Gp-Todco A California Nonprofit Corporation
- Assets
- $1.5m
- Revenue
- $259.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 94-3144920
Organization Overview
Gp-Todco A California Nonprofit Corporation is located in San Francisco, 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. Gp-Todco A California Nonprofit Corporation 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 12/2023, Gp-Todco A California Nonprofit Corporation generated $259.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gp-Todco A California Nonprofit Corporation has awarded 12 individual grants totaling $1,031,859. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AFFORDABLE HOUSING IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFIT OF LOW INCOME, ELDERLY, AND DISABLED RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GP/TODCO-A PROVIDES DEVELOPMENT ADMINISTRATIVE SERVICES TO AFFORDABLE HOUSING PROJECTS IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFITS OF LOW-INCOME, ELDERLY, OR DISABLED RESIDENTS. THE PROJECTS DEVELOPED BY GP/TODCO-A CONSIST OF THE KNOX SRO, WOOLF HOUSE III, HOTEL ISABEL, LELAND, AND BAYANIHAN HOUSE PROJECTS THAT PROVIDE HOUSING FOR QUALIFIED HOUSEHOLDS. IN ADDITION, GP/TODCO-A IS THE CORPORATE GENERAL PARTNER IN THE KNOX PARTNERS LIMITED PARTNERSHIP, HOTEL GRAND SOUTHERN AND BAYANIHAN PARTNERS, WHICH OWN THE KNOX SRO, HOTEL ISABEL AND BAYANIHAN HOUSE PROJECTS, RESPECTIVELY. THESE PARTNERSHIPS QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Gansen Assistant Secretary | OfficerTrustee | 1 | $0 |
Albert Gilbert Board Chair/secretary | OfficerTrustee | 1 | $0 |
Michael Pacia Director | Trustee | 1 | $0 |
Bernadette Sy Treasurer | OfficerTrustee | 1 | $0 |
Carla Laurel Director | Trustee | 1 | $0 |
Matthias Mormino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,679 |
| 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 | $206,679 |
| Total Program Service Revenue | $40,600 |
| Investment income | $12,220 |
| 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 | $259,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,679 |
| 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 | $28,550 |
| 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 | $2,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,928 |
| 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 | $7,830 |
| Insurance | $6,249 |
| All other expenses | $151 |
| Total functional expenses | $2,478,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,377 |
| 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 | $1,009 |
| Net Land, buildings, and equipment | $195,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $993,347 |
| Total assets | $1,478,254 |
| Accounts payable and accrued expenses | $190,401 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,760,320 |
| Total liabilities | $12,950,721 |
| Net assets without donor restrictions | -$11,472,467 |
| 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 | $1,478,254 |
Grants Awarded
Over the last fiscal year, Gp-Todco A California Nonprofit Corporation has awarded $206,679 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BAYANIHAN PARTNERS A CALIFORNIA LIMITED PARTNERSHIP PURPOSE: RENT SUBSIDY | $72,709 |
HOTEL GRAND SOUTHERN PURPOSE: RENT SUBSIDY | $36,286 |
THE KNOX PARTNERS LIMITED PARTNERSHIP PURPOSE: RENT SUBSIDY | $97,684 |