Culver City Rotary Plaza Inc
- Assets
- $13.0m
- Revenue
- $344.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 05/1983
- Data as of
- 09/2021
- EIN
- 95-3815447
Organization Overview
Culver City Rotary Plaza Inc, operating under the name Culver City Rotary Plaza, is located in Long Beach, CA. The organization was established in 1983. 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. Culver City Rotary Plaza 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 09/2021, Culver City Rotary Plaza generated $344.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULVER CITY ROTARY PLAZA, INC. IS A CALIFORNIA NONPROFIT OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF RETIREMENT HOUSING FOUNDATION, AS A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 509(A)(2). RETIREMENT HOUSING FOUNDATION IS ORGANIZED AND OPERATED TO DEVELOP, BUILD, EQUIP, OPERATE AND MAINTAIN AFFORDABLE HOUSING AND ACCESSORY FACILITIES. RELATED TO THIS, CULVER CITY ROTARY PLAZA, INC. ALSO HOLDS A ROLE AS A FINANCING ARM OF A LOW INCOME HOUSING PARTNERSHIP AS A MAJORITY MEMBER OF CULVER CITY HOUSING, LLC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULVER CITY ROTARY PLAZA, INC. IS A CALIFORNIA NONPROFIT OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF RETIREMENT HOUSING FOUNDATION, AS A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 509(A)(2). RETIREMENT HOUSING FOUNDATION IS ORGANIZED AND OPERATED TO DEVELOP, BUILD, EQUIP, OPERATE AND MAINTAIN AFFORDABLE HOUSING AND ACCESSORY FACILITIES. RELATED TO THIS, CULVER CITY ROTARY PLAZA, INC. ALSO HOLDS A ROLE AS A FINANCING ARM OF A LOW INCOME HOUSING PARTNERSHIP AS A MAJORITY MEMBER OF CULVER CITY HOUSING, LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald G Hart Treasurer | OfficerTrustee | 0.2 | $0 |
Frank G Jahrling Treasurer | OfficerTrustee | 0.2 | $0 |
Darryl M Sexton Vice President | OfficerTrustee | 0.2 | $0 |
Dr Laverne R Joseph President, CEO | Officer | 0.2 | $0 |
David W Napierskie VP Health Care Operations | Officer | 0.2 | $0 |
Anders Plett VP Acquisitions & Proj. Dv | Officer | 0.2 | $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 | $344,516 |
| Investment income | $0 |
| 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 | $344,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,205,936 |
| 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 | $1,205,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,497 |
| 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 | $11,628,781 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,500 |
| Total assets | $12,951,778 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,951,778 |
| 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 | $12,951,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Hale Mahaolu Kahului, HI | $62,797,850 | $14,655,033 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |