Salvation Army Residences Incorporated
- Assets
- $7.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Long Beach, CA
- Founding
- 09/1978
- Data as of
- 09/2016
- EIN
- 95-3082788
Organization Overview
Salvation Army Residences Incorporated is located in Long Beach, CA. The organization was established in 1978. According to its NTEE Classification (P24) the organization is classified as: Salvation Army, under the broad grouping of Human Services and related organizations. As of 09/2016, Salvation Army Residences Incorporated employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salvation Army Residences Incorporated 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE SALVATION ARMY RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SALVATION ARMY RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jeffrey Chairman | Trustee | 0 | $0 |
James Knaggs President | OfficerTrustee | 0 | $0 |
Douglas Riley VP | OfficerTrustee | 0 | $0 |
Victor Doughty Treasurer | OfficerTrustee | 1 | $0 |
Stephen Smith Director | Trustee | 0 | $0 |
Lee Lescano Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,379,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,754,010 |
| Total Program Service Revenue | $1,467,860 |
| Investment income | $232,620 |
| 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 | $4,454,490 |
| 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 | $453,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,981 |
| Payroll taxes | $38,356 |
| Fees for services: Management | $255,364 |
| Fees for services: Legal | $4,804 |
| Fees for services: Accounting | $59,008 |
| 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 | $94,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,266,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,518 |
| Interest | $377,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437,422 |
| Insurance | $109,401 |
| All other expenses | $0 |
| Total functional expenses | $3,343,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,234 |
| Savings and temporary cash investments | $1,211,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,476,818 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,608 |
| Total assets | $7,417,900 |
| Accounts payable and accrued expenses | $500,379 |
| 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 | $6,364,158 |
| Unsecured mortgages and notes payable | $663,143 |
| Other liabilities | $124,948 |
| Total liabilities | $7,652,628 |
| Unrestricted restricted net Assets | -$609,728 |
| Temporarily restricted net Assets | $375,000 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$234,728 |