St Nicholas Cedars Manor Inc

Organization Overview

St Nicholas Cedars Manor Inc is located in Hacienda Heights, CA. The organization was established in 1979. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. St Nicholas Cedars Manor 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 11/2021, St Nicholas Cedars Manor Inc generated $448.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $524.6k during the year ending 11/2021. While expenses have increased by 6.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ST. NICHOLAS CEDARS MANOR, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 26 UNIT COMMUNITY KNOWN AS ST. NICHOLAS CEDARS (THE "PROPERTY") LOCATED IN LOS ANGELES, CALIFORNIA.THE PROPERTY RECEIVES RENT SUBSIDIES THROUGH A HOUSING ASSISTANCE PAYMENTS ("HAP") CONTRACT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE CONTRACT IS FOR A PERIOD OF FIVE YEARS EXPIRING NOVEMBER 30, 2026, AND PROVIDES SUBSIDIES TO ELIGIBLE RESIDENTS TO ENABLE SUCH RESIDENTS TO LIVE IN SAFE, ADEQUATE HOUSING FACILITIES THEY COULD NOT OTHERWISE AFFORD. PROVISIONS OF THE CONTRACT ESTABLISH MAXIMUM ANNUAL ASSISTANCE PAYMENTS BY HUD TO THE PROPERTY. THE CORPORATION CAN REQUEST FROM HUD AN AMOUNT EQUAL TO 80% OF CONTRACT RENT DURING PERIODS THAT THE UNIT IS VACANT IF CERTAIN CONDITIONS ARE MET, BUT NOT TO EXCEED 60 DAYS. CLAIMS MUST BE SUBMI

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE QUALITY LIVING FOR LOW INCOME SENIOR CITIZENS UNDER HUD SECTION 8 RENTAL ASSISTANCE - 26 UNITS IN LOS ANGELES, CALIFORNIA.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Ronald W Nichols
President
$0
C Fredrick Milkie
Treasurer
$0
Gabriel Matta
Secretary
$0
Mark Simon
Vice President
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$448,546
Investment income $113
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 $448,659

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