375 Beale Condominium Corporation
- Assets
- $733.8k
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2019
- Data as of
- 06/2020
- EIN
- 82-2415988
Organization Overview
375 Beale Condominium Corporation is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. 375 Beale Condominium Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2020, 375 Beale Condominium Corporation generated $5.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.0m during the year ending 06/2020. While expenses have increased by 2.2% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOR THE MANAGEMENT, MAINTENANCE AND CARE OF CERTAIN COMMON AREAS OF AND JOINTLY USED SPACE IN THE PROPERTY KNOWN AS 375 BEALE STREET, SAN FRANCISCO, CA. ASSIST OWNERS IN OPERATING AND MAINTAINING THE PROPERTY. UNDERTAKE OTHER FUNCTIONS/ACTIVITIES THAT ARE ANCILLARY TO THE OPERATION OF THE PROPERTY FOR GOVERNMENTAL PURPOSES AS AUTHORIZED/DIRECTED BY OWNERS. ENGAGE IN ANY ANCILLARY OR RELATED ACTIVITIES, ALL IN ORDER TO REDUCE THE BURDENS OF GOVERNMENT FOR EACH OF THE OWNERS BY ASSUMING RESPONSIBILITIES FOR THE OPERATION OF THE PROPERTY THAT THE OWNERS WOULD OTHERWISE BE REQUIRED TO PERFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACT AS THE CONDOMINIUM ASSOCIATION FOR 375 BEALE IN WHICH GOVERNMENT OR QUASI GOVERNMENT ENTITIES OWN UNITS FOR THE BENEFIT OF STATE OR LOCAL GOVERNMENTS. PROVIDE FOR THE MANAGEMENT, MAINTENANCE AND CARE OF THE COMMON AREAS AND PERFORM OTHER SERVICES OR FUNCTIONS AS REQUESTED BY THE OWNERS.
ACT AS THE CONDOMINIUM ASSOCIATION FOR 375 BEALE IN WHICH GOVERNMENT OR QUASI GOVERNMENT ENTITIES OWN UNITS FOR THE BENEFIT OF STATE OR LOCAL GOVERNMENTS. PROVIDE FOR THE MANAGEMENT, MAINTENANCE AND CARE OF THE COMMON AREAS AND PERFORM OTHER SERVICES OR FUNCTIONS AS REQUESTED BY THE OWNERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese W Mcmillan Chair | OfficerTrustee | 0.3 | $0 |
Jack Broadbent Secretary | OfficerTrustee | 0.3 | $0 |
Brian Mayhew CFO | Officer | 0.3 | $0 |
Andrew Fremier Director | Trustee | 0.3 | $0 |
Brad Paul Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carahsoft Technology Corp Network & It Services | 6/29/20 | $235,972 |
Insight Global Llc Technology Analysis Services | 6/29/20 | $184,169 |
Carahsoft Technology Corp Network & It Services | 6/29/20 | $235,972 |
Insight Global Llc Technology Analysis Services | 6/29/20 | $184,169 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,047 |
| 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 | $4,971,014 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $615,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $200,767 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,499 |
| Advertising and promotion | $0 |
| Office expenses | $123,300 |
| Information technology | $598,758 |
| 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 | $0 |
| Insurance | $135,803 |
| All other expenses | $0 |
| Total functional expenses | $4,971,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $401,801 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $733,805 |
| Accounts payable and accrued expenses | $87,193 |
| 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 | $646,612 |
| Total liabilities | $733,805 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
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