Maria B Freitas Senior Housing Corporation
- Assets
- $1.9m
- Revenue
- $721.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 94-3190261
Organization Overview
Maria B Freitas Senior Housing Corporation is located in Denver, CO. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Maria B Freitas Senior Housing 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 12/2022, Maria B Freitas Senior Housing Corporation generated $721.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $939.7k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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 ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES TO MEET THEIR NEEDS AND TO PROMOTE HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNS AND OPERATES A 62-UNIT LOW-INCOME APARTMENT PROJECT KNOWN AS MARIA B. FREITAS COMMUNITY LOCATED IN SAN RAFAEL, CALIFORNIA, PROVIDING HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Gualco Vice President/director | OfficerTrustee | 1 | $0 |
Doug Shoemaker President/director | OfficerTrustee | 1 | $0 |
Erika Villablanca Vice President/director | OfficerTrustee | 1 | $0 |
Joseph Rosenblum Secretary/director | OfficerTrustee | 1 | $0 |
Lilian Lew-Hailer Vice President/director | OfficerTrustee | 1 | $0 |
Melissa Clayton Vice President/director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $479,430 |
| 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 | $479,430 |
| Total Program Service Revenue | $241,125 |
| Investment income | $710 |
| 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 | $721,265 |
| 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 | $224,045 |
| Pension plan accruals and contributions | $12,142 |
| Other employee benefits | $38,491 |
| Payroll taxes | $17,689 |
| Fees for services: Management | $63,438 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,817 |
| Advertising and promotion | $15 |
| Office expenses | $21,714 |
| Information technology | $2,077 |
| Royalties | $0 |
| Occupancy | $138,520 |
| Travel | $1,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,473 |
| Insurance | $0 |
| All other expenses | $1,333 |
| Total functional expenses | $939,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,595 |
| 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 | $20,470 |
| Net Land, buildings, and equipment | $1,527,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $304,762 |
| Total assets | $1,901,609 |
| Accounts payable and accrued expenses | $127,415 |
| Grants payable | $0 |
| Deferred revenue | $4,590 |
| 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 | $62,800 |
| Total liabilities | $194,805 |
| Net assets without donor restrictions | $1,706,804 |
| 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 | $1,901,609 |