Palms Manor
- Assets
- $491.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Culver City, CA
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 95-4728209
Organization Overview
Palms Manor is located in Culver City, CA. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Palms Manor 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 06/2022, Palms Manor generated $118.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $105.9k during the year ending 06/2022. While expenses have increased by 0.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING FOR DEVELOPMENTAL DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Soule President | 0.5 | $0 | |
Erick Sierra Treasurer | 0.5 | $0 | |
Tristan Macprang Secretary | 0.5 | $0 | |
Joshua Melendez Director | 0.5 | $0 | |
Linda Gowin Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,328 |
| Total Program Service Revenue | $81,840 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $118,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,833 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86,023 |
| Total expenses | $105,856 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,500 |
| Other assets | $0 |
| Total assets | $491,025 |
| Total liabilities | $953,274 |
| Net assets or fund balances | -$462,249 |