Retired Teachers Education Center
- Assets
- $30.6k
- Revenue
- $765.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Fresno, CA
- Founding
- 11/2004
- Data as of
- 08/2022
- EIN
- 71-0871769
Organization Overview
Retired Teachers Education Center is located in Fresno, CA. The organization was established in 2004. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 08/2022, Retired Teachers Education Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retired Teachers Education Center is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 08/2022, Retired Teachers Education Center generated $765.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $820.2k during the year ending 08/2022. While expenses have increased by 31.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES TO RETIRED TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FACILITIES TO RETIRED TEACHERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Garcia President | OfficerTrustee | 1 | $0 |
Kathi Carrle Secretary | OfficerTrustee | 1 | $0 |
Barbara Mendes Treasurer | Officer | 1 | $0 |
Doyle Merrow Director | Trustee | 1 | $0 |
Arlene Merrow Director | Trustee | 1 | $0 |
Donna Campbell Director | Trustee | 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 | $1,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,569 |
| Total Program Service Revenue | $27,175 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $736,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $765,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $757,000 |
| 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 | $21,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $577 |
| Payroll taxes | $5,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,406 |
| 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 | $0 |
| 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 | $6,979 |
| Insurance | $6,439 |
| All other expenses | $5,391 |
| Total functional expenses | $820,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,648 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,649 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $30,649 |
| 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 | $30,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telacu Residential Management Inc Los Angeles, CA | $3,594,774 | $5,082,528 |
Humangood Cornerstone Duarte, CA | $4,501,006 | $5,050,000 |
San Diego Apartment Association San Diego, CA | $2,388,557 | $1,464,470 |
Retired Teachers Education Center Fresno, CA | $30,649 | $765,370 |
Affordable Housing Management Assoc-Northern California And Hawa Temecula, CA | $375,640 | $430,366 |
Community Association Institute Riverside, CA | $277,413 | $379,026 |
The Community Design Center San Francisco, CA | $69,826 | $244,988 |
People S Resource Center Long Beach, CA | $2,533 | $0 |
Housing Connections And Compliance Inc Fresno, CA | $0 | $0 |