Mariposa Senior Association
- Assets
- $3.2m
- Revenue
- $545.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 95-4647006
Organization Overview
Mariposa Senior Association is located in Westlake Village, CA. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Mariposa Senior Association 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, Mariposa Senior Association generated $545.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $652.7k during the year ending 12/2021. While expenses have increased by 3.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO LOW INCOME ELDERLY PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW INCOME ELDERLY PERSONS. THE ORGANIZATION'S OPERATIONS ARE REGULATED BY HUD AND SUBJECT TO HUD'S OVERSIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Lungin President | OfficerTrustee | 2 | $0 |
Estell Jimenez Director | Trustee | 0.5 | $0 |
Garrett Lungin Director | Trustee | 0.5 | $0 |
Marina Hesse Director | Trustee | 0.5 | $0 |
Stephen Watson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,154 |
| 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 | $271,154 |
| Total Program Service Revenue | $231,945 |
| Investment income | $101 |
| 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 | $545,664 |
| 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 | $93,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $793 |
| Payroll taxes | $7,668 |
| Fees for services: Management | $69,841 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150 |
| Advertising and promotion | $360 |
| Office expenses | $15,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $218,352 |
| 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 | $131,060 |
| Insurance | $60,748 |
| All other expenses | $0 |
| Total functional expenses | $652,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,495 |
| 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 | $23,353 |
| Net Land, buildings, and equipment | $2,996,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,586 |
| Total assets | $3,175,253 |
| Accounts payable and accrued expenses | $3,977 |
| Grants payable | $0 |
| Deferred revenue | $118 |
| 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 | $5,123,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,517 |
| Total liabilities | $5,156,412 |
| Net assets without donor restrictions | -$1,981,159 |
| 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 | $3,175,253 |
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