Meadows In Irvine
- Assets
- $33.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 33-0789247
Organization Overview
Meadows In Irvine is located in Irvine, CA. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Meadows In Irvine 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 12/2022, Meadows In Irvine generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MEADOWS IN IRVINE OPERATES A MOBILE HOME PARK FOR LOW INCOME SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS A PROGRAM THAT LEASES 360 SPACES ON 50-ACRE LAND PARCEL TO INDIVIDUAL MOBILE HOMEOWNERS AGED 55 AND OLDER LOCATED IN IRVINE, CALIFORNIA. AT LEAST 20% OF THE SPACES ARE SET ASIDE FOR HOUSEHOLDS EARNING 50% OR LESS OF MEDIAN INCOME.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wood Chair | OfficerTrustee | 0.1 | $0 |
Mary Lynn Coffee Vice Chair | OfficerTrustee | 0.1 | $0 |
Mark Hoover Treasurer | OfficerTrustee | 0.1 | $0 |
Cesar Covarrubias Secretary | OfficerTrustee | 0.1 | $0 |
Linda Lasister Director | Trustee | 0.1 | $0 |
Laura Archuleta President & CEO | Officer | 0.1 | $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 | $3,738,259 |
| Investment income | $24,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$154 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,762,749 |
| 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 | $180,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,124 |
| Payroll taxes | $16,145 |
| Fees for services: Management | $80,100 |
| Fees for services: Legal | $2,873 |
| Fees for services: Accounting | $14,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,457 |
| Advertising and promotion | $25,827 |
| Office expenses | $49,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,488 |
| Travel | $537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,008,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367,329 |
| Insurance | $78,873 |
| All other expenses | $149,699 |
| Total functional expenses | $3,109,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,542,906 |
| Savings and temporary cash investments | $112,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,144 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,042,926 |
| Investments—publicly traded securities | $1,227,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $458,468 |
| Other assets | $1,711,560 |
| Total assets | $33,105,175 |
| Accounts payable and accrued expenses | $95,065 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,383,480 |
| 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 | $86,051 |
| Total liabilities | $20,564,596 |
| Net assets without donor restrictions | $12,540,579 |
| 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 | $33,105,175 |