Foundation Property Management Inc
- Assets
- $1.2m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Long Beach, CA
- Founding
- 12/1981
- Data as of
- 09/2021
- EIN
- 95-3651050
Organization Overview
Foundation Property Management Inc is located in Long Beach, CA. The organization was established in 1981. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 09/2021, Foundation Property Management Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Property Management 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 09/2021, Foundation Property Management Inc generated $18.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $20.9m during the year ending 09/2021. While expenses have increased by 0.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CENTRALIZED MANAGEMENT AND ADMINISTRATIVE SERVICES TO LOW AND VERY LOW INCOME AND MARKET RATE RETIREMENT HOUSING COMMUNITIES, ASSISTED LIVING, AND SKILLED NURSING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CENTRALIZED MANAGEMENT AND ADMINISTRATIVE SERVICES TO OVER 190 RELATED TAX EXEMPT & OTHER ORGANIZATIONS THAT OPERATE LOW AND VERY LOW INCOME AND MARKET RATE RETIREMENT HOUSING COMMUNITIES, ASSISTED LIVING, AND SKILLED NURSING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Napierskie David W VP Health Care Operations | Officer | 0.2 | $200,694 |
Joseph Laverne President/ceo | Officer | 0.2 | $0 |
Rossello Jr Frank CFO And VP Of Finance | Officer | 0.3 | $0 |
Amberg Robert R Sr VP Gen Counsel | Officer | 0.2 | $0 |
Stouff Deborah J VP Corp Records/corp Secretary | Officer | 0.2 | $0 |
Hartman Stuart J Sr. VP Operations / President/ceo | Officer | 0.2 | $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 | $18,940,331 |
| Investment income | $0 |
| 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 | $18,940,331 |
| 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. | $200,694 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,688,201 |
| Pension plan accruals and contributions | $73,654 |
| Other employee benefits | $211,822 |
| Payroll taxes | $214,384 |
| Fees for services: Management | $16,773,744 |
| Fees for services: Legal | $35,061 |
| Fees for services: Accounting | $2,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,660 |
| Advertising and promotion | $2,683 |
| Office expenses | $87,883 |
| Information technology | $837 |
| Royalties | $0 |
| Occupancy | $24,401 |
| Travel | $284,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,130 |
| Interest | $38,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,941 |
| Insurance | $84,473 |
| All other expenses | $0 |
| Total functional expenses | $20,912,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,006,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $215,337 |
| Net Land, buildings, and equipment | $2,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,394 |
| Total assets | $1,227,152 |
| Accounts payable and accrued expenses | $176,369 |
| 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 | $10,100,966 |
| Other liabilities | $0 |
| Total liabilities | $10,277,335 |
| Net assets without donor restrictions | -$9,050,183 |
| 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 | $1,227,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Property Management Inc Long Beach, CA | $1,227,152 | $18,940,331 |
Pacific Retirement Services Inc Medford, OR | $67,857,184 | $19,640,299 |
Mission Edge San Diego San Diego, CA | $5,941,452 | $9,409,112 |
California Children And Families Foundation Inc Alameda, CA | $3,206,680 | $2,197,818 |
Butte Regional Transportation Corporation Chico, CA | $29,663,614 | $227,259 |
Oregon Coalition Against Domestic & Sexual Violence Portland, OR | $1,187,423 | $1,844,848 |
Regional Access Project Foundation Inc Palm Desert, CA | $7,211,850 | $2,363,924 |
First 5 Association Of California Inc Alameda, CA | $2,277,888 | $1,553,075 |
Nevada Coalition To End Domestic And Sexual Violence Reno, NV | $254,060 | $1,465,240 |
Employers Group El Segundo, CA | $14,531,277 | $1,278,180 |
World Pulse Voices Portland, OR | $2,450,340 | $2,011,500 |
Ontrack Program Resources Inc Sacramento, CA | $254,445 | $1,123,818 |