Park Bixby Towers Inc
- Assets
- $6.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Stockton, CA
- Founding
- 04/1986
- Data as of
- 03/2024
- EIN
- 95-2821080
Organization Overview
Park Bixby Towers Inc is located in Stockton, CA. The organization was established in 1986. 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. As of 03/2024, Park Bixby Towers Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Bixby Towers 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 03/2024, Park Bixby Towers Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.5m during the year ending 03/2024. While expenses have increased by 6.2% per year over the past 9 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.
Since 2015, Park Bixby Towers Inc has awarded 59 individual grants totaling $2,497,351. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR LOW-INCOME, ELDERLY FAMILIES & CONDUCT OTHER ACTIVITIES FOR THEIR BENEFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY EFFORT IS TO ENRICH THE LIVES OF LOW-INCOME SENIORS RESIDING IN COMPANY PROPERTIES. THESE EFFORTS INCLUDE EXERCISE AND WELLNESS PROGRAMS, MONTHLY TOURS, SOCIAL EVENTS AND EDUCATION PROGRAMS AND PARTICIPATION IN CULTURAL EVENTS.
THE SECONDARY EFFORT IS TO PROVIDE FINANCIAL CONTRIBUTIONS/GRANTS TO ORGANIZATIONS OFFERING SERVICES TO LOW-INCOME SENIORS. WELLNESS PROGRAMS, MONTHLY TOURS, SOCIAL EVENTS AND EDUCATION PROGRAMS AND PARTICIPATION IN CULTURAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russel Wylie President & Ceo/director | OfficerTrustee | 39 | $215,388 |
Michael Wylie Executive Vp/director | OfficerTrustee | 35 | $197,029 |
Mark Dunn Secretary/director | OfficerTrustee | 1 | $15,800 |
Lois Richey Director | Trustee | 1 | $2,900 |
William Haley Director | Trustee | 1 | $2,900 |
Michael Willcoxon Director | Trustee | 1 | $2,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500,000 |
| Government grants | $2,617,956 |
| 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 | $3,117,956 |
| Total Program Service Revenue | $948,709 |
| Investment income | $60,365 |
| 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 | $4,317,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,539 |
| 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. | $429,570 |
| Compensation of current officers, directors, key employees. | $429,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,969 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,879 |
| Fees for services: Management | $234,701 |
| Fees for services: Legal | $6,134 |
| Fees for services: Accounting | $86,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $316,461 |
| Advertising and promotion | $5,253 |
| Office expenses | $366,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,503,050 |
| 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 | $53,146 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,455,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,636,558 |
| Savings and temporary cash investments | $1,009,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $522,958 |
| 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 | $417,266 |
| Net Land, buildings, and equipment | $1,715,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,098,625 |
| Total assets | $6,400,736 |
| Accounts payable and accrued expenses | $232,191 |
| Grants payable | $0 |
| Deferred revenue | $31,503 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $81,910 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,901,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,247,313 |
| Net assets without donor restrictions | $153,423 |
| 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 | $6,400,736 |
Grants Awarded
Over the last fiscal year, Park Bixby Towers Inc has awarded $194,329 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ORANGE COUNTY PURPOSE: SUPPORT THIS NON-PROFIT HEALTH AND SENIOR SERVICE ORGANIZATION PROVIDES IMPORTANT EDUCATION AND CARE SERVICES TO FAMILIES DEALING WITH THE DEBILITATING DISEASE | $15,000 |
INTERNATIONAL CITY THEATRE PURPOSE: PROVIDE FINANCIAL SUPPORT SO ELDERLY RESIDENTS ARE ABLE TO ATTEND THEATRICAL PERFORMANCES FOR THEIR HAPPINESS AND WELL BEING | $7,500 |
WILLMORE CITY HERITAGE ASSOC PURPOSE: SUPPORT THIS NON-PROFIT COMMITTED TO PRESERVATION OF THE HISTORIC WILMORE COMMUNITY WITHIN LONG BEACH; THE ORGANIZATION CONTRIBUTES TO THE HEALTH, SECURITY, AND HAPPINESS OF THE MANY SENIORS RESIDENT WITHIN THE COMMUNITY AND STRENGTHENS THE QUALITY OF A NEIGHBORHOOD WITHIN PROXIMITY TO OUR COMPANY'S MAIN REAL ESTATE HOLDINGS | $10,000 |
CARE CLOSET LBC PURPOSE: SUPPORT SERVICES FOR THE HOMELESS, INCLUDING HIRING HOMELESS PEOPLE TO CLEAN AND MAINTAIN PUBLIC SPACES IN LONG BEACH. | $10,000 |
THE ROCK CLUB MUSIC IS THE REMEDY PURPOSE: SUPPORT SENIOR MUSIC ORGANIZATIONS PROVIDING RECREATION AND ENTERTAINMENT FOR THE ELDERLY | $7,500 |
LONG BEACH BLUES SOCIETY PURPOSE: SUPPORT SENIOR MUSIC ORGANIZATIONS PROVIDING RECREATION AND ENTERTAINMENT FOR THE ELDERLY | $6,000 |