Sequoia Plaza Mobilehome Park Corporation
- Assets
- $8.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Ana, CA
- Founding
- 12/1996
- Data as of
- 06/2024
- EIN
- 33-0719908
Organization Overview
Sequoia Plaza Mobilehome Park Corporation is located in Santa Ana, CA. The organization was established in 1996. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequoia Plaza Mobilehome Park 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 06/2024, Sequoia Plaza Mobilehome Park Corporation generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.7m during the year ending 06/2024. While expenses have increased by 5.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION (MOBILE HOME PARK) CHARGES FOR SPACE RENT AND UTILITIES, THIS ALLOWS US TO OFFSET COSTS WHICH ENABLE US TO INCREASE THE CITY OF SAN BERNARDINO'S SUPPLY OF HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEQUOIA PLAZA MOBILE HOME PARK IS LOCATED AT 2505 WEST FOOTHILL BOULEVARD IN THE CITY OF SAN BERNARDINO, CALIFORNIA. SEQUOIA PLAZA CONSISTS OF 240 MOBILE HOME SPACES. SEQUOIA IS PRIMARILY A FAMILY PARK, CONSISTING OF DOUBLEWIDE SPACES; HOWEVER, THERE ARE SOME SPACES OCCUPIED WITH SINGLEWIDE HOMES. MOST OF THE HOMES HAVE AWNINGS AND CONCRETE OR ASPHALT DRIVEWAYS, AS WELL AS COVERED CARPORTS. SEQUOIA HAS A TOTAL AREA OF APPROXIMATELY 29.71 ACRES. SEQUOIA AND SEQUOIA OWNED BUILDINGS WERE CONSTRUCTED IN 1971. THE OVERALL RANGE FOR RENTS IS $451 TO $840 PER MONTH WITH AVERAGE RENTS OF $599 PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Brendzel Secretary/coo | OfficerTrustee | 35 | $0 |
Dennis Kazarian President | OfficerTrustee | 35 | $0 |
Thomas Lacroix Director | Trustee | 14 | $0 |
Barry Cole Director | Trustee | 14 | $0 |
John Yeandle Director | Trustee | 14 | $0 |
Jim Duffy Director | Trustee | 14 | $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 | $2,426,940 |
| Investment income | $216,851 |
| 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 | $2,643,791 |
| 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 | $36,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $84,965 |
| Fees for services: Legal | $8,731 |
| Fees for services: Accounting | $10,125 |
| 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 | $816,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $515,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,722 |
| Insurance | $81,373 |
| All other expenses | $51,467 |
| Total functional expenses | $2,674,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,011 |
| 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 | $2,774,784 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,393 |
| Net Land, buildings, and equipment | $3,469,713 |
| Investments—publicly traded securities | $1,143,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $377,712 |
| Total assets | $8,187,242 |
| Accounts payable and accrued expenses | $39,817 |
| Grants payable | $0 |
| Deferred revenue | $27,291 |
| 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 | $13,334,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,159 |
| Total liabilities | $13,444,754 |
| Net assets without donor restrictions | -$5,257,512 |
| 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 | $8,187,242 |