Van Buren Apartments Inc
- Assets
- $2.0m
- Revenue
- $694.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 91-2152908
Organization Overview
Van Buren Apartments Inc is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Van Buren Apartments Inc 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 12/2021, Van Buren Apartments Inc generated $694.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $325.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VAN BUREN APARTMENTS, INC. OWNS AND OPERATES A 28 UNIT RESIDENTIAL RENTAL COMPLEX THAT PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAN BUREN APARTMENTS, INC. OWNS AND OPERATES A 28 UNIT RESIDENTIAL RENTAL COMPLEX THAT PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana F Ponce President | OfficerTrustee | 8 | $0 |
Richard Washington Secretary | OfficerTrustee | 0 | $0 |
Loretta Gillett Vice President | OfficerTrustee | 0 | $0 |
Edward Johnson ESQ Treasurer | OfficerTrustee | 0 | $0 |
Jonathan Williams Director | Trustee | 0 | $0 |
Quaford Coleman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,568 |
| 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 | $2,568 |
| Total Program Service Revenue | $691,347 |
| Investment income | $123 |
| 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 | $694,038 |
| 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 | $30,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,763 |
| Payroll taxes | $2,339 |
| Fees for services: Management | $24,192 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,658 |
| 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 | $6,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,196 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,983 |
| Insurance | $11,137 |
| All other expenses | $0 |
| Total functional expenses | $325,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,862 |
| Savings and temporary cash investments | $186,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,630 |
| 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 | $37,636 |
| Net Land, buildings, and equipment | $1,387,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,621 |
| Other assets | $0 |
| Total assets | $1,980,018 |
| Accounts payable and accrued expenses | $35,960 |
| 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 | $910,759 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,694 |
| Total liabilities | $1,002,413 |
| Net assets without donor restrictions | $977,605 |
| 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 | $1,980,018 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |