Bonham Rhf Housing Inc
- Assets
- $2.8m
- Revenue
- $227.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 07/1992
- Data as of
- 02/2022
- EIN
- 95-3972422
Organization Overview
Bonham Rhf Housing Inc, operating under the name Pecan Place, is located in Long Beach, CA. The organization was established in 1992. 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. Pecan Place 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 02/2022, Pecan Place generated $227.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $378.1k during the year ending 02/2022. 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
BONHAM RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TEXAS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 40 UNIT COMMUNITY KNOWN AS PECAN PLACE LOCATED IN BONHAM, TEXAS, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. AT FEBRUARY 28, 2022 AND FEBRUARY 28, 2021, THERE WERE 17 AND 26, ESPECTIVELY, UNITS OFFLINE DUE TO STRUCTURAL ISSUES. THE MORTGAGE WAS REFINANCED MARCH 16, 2020 AND PROVIDED FOR REPAIR ESCROW FUNDS TO BE USED TO REMEDIATE THE STRUCTURAL ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BONHAM RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TEXAS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 40 UNIT COMMUNITY KNOWN AS PECAN PLACE LOCATED IN BONHAM, TEXAS, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. AT FEBRUARY 28, 2022 AND FEBRUARY 28, 2021, THERE WERE 17 AND 26, RESPECTIVELY, UNITS OFFLINE DUE TO STRUCTURAL ISSUES. THE MORTGAGE WAS REFINANCED MARCH 16, 2020 AND PROVIDED FOR REPAIR ESCROW FUNDS TO BE USED TO REMEDIATE THE STRUCTURAL ISSUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald G Hart Treasurer | OfficerTrustee | 0.2 | $0 |
Kevin Gilchrist Sr Dir. Of Dev Finance | Officer | 0.2 | $0 |
John Clow Sr. Dir Of Risk Management | Officer | 0.2 | $0 |
Florence Webb Sr Dev Proj Mgr | Officer | 0.2 | $0 |
Dr Laverne R Joseph President, CEO | Officer | 0.2 | $0 |
Vincent B Magnone VP Treasury & Invstmt | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,416 |
| Total Program Service Revenue | $55,646 |
| Investment income | $629 |
| 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 | $227,072 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,719 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $404 |
| Office expenses | $29,809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,405 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,819 |
| Insurance | $812 |
| All other expenses | $0 |
| Total functional expenses | $378,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182 |
| Savings and temporary cash investments | $2,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,089 |
| 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 | $3,258 |
| Net Land, buildings, and equipment | $1,991,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $648,025 |
| Intangible assets | $183,959 |
| Other assets | $7,557 |
| Total assets | $2,837,315 |
| Accounts payable and accrued expenses | $1,178,428 |
| Grants payable | $0 |
| Deferred revenue | $37 |
| 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 | $2,672,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,407 |
| Total liabilities | $3,858,467 |
| Net assets without donor restrictions | -$1,021,152 |
| 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 | $2,837,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Front Porch Communities Operating Group Llc Glendale, CA | $0 | $63,438,130 |
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Kahala Senior Living Community Inc Honolulu, HI | $275,964,895 | $44,365,985 |
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |