Brookmore Apartment Corporation is located in El Monte, CA. The organization was established in 1995. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Brookmore Apartment 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 12/2021, Brookmore Apartment Corporation generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $722.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SERVICES TO ORGANIZATIONS THAT OPERATE AFFORDABLE HOUSING FOR FAMILIES AND ELDERLY PERSONS WITH LOW INCOME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margol Kennison Secretary | 1 | $0 | |
Howard Hudson Vice President | 1 | $0 | |
Roy Haugen Treasurer | 2 | $0 | |
Christopher Jones President | 2 | $0 | |
Karen Ingram Director | 0.5 | $0 | |
Joseph Miller Asst. Treasurer | 4 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $1,037,386 |
Total Revenue | $1,037,386 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $99,832 |
Total operating and administrative expenses | $722,294 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $722,294 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,821,313 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $1,448,819 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $200,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $338,516 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $8,596,912 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $12,405,560 |
Accounts payable and accrued expenses | $8,400 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $650,000 |
Other liabilities | $808,290 |
Total liabilities | $1,466,690 |
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