Brookmore Apartment Corporation
- Assets
- $13.6m
- Revenue
- $1.4m
- Investments
- $9.0m
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 95-4245088
Organization Overview
Brookmore Apartment Corporation is located in Glendale, CA. The organization was established in 1995. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Brookmore Apartment 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 12/2023, Brookmore Apartment Corporation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $926.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SERVICES TO ORGANIZATIONS THAT OPERATE AFFORDABLE HOUSING FOR FAMILIES AND ELDERLY PERSONS WITH LOW INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Hudson Vice President | 1 | $0 | |
Margol Kennison Secretary | 1 | $0 | |
Roy Haugen Treasurer | 2 | $0 | |
Christopher Jones President | 2 | $0 | |
Karen Ingram Director | 0.5 | $0 | |
Joseph Miller Asst. Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,444,031 |
| Total Revenue | $1,444,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108,029 |
| Total operating and administrative expenses | $926,868 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $926,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,686,319 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $637,081 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $253,857 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,974,659 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,551,916 |
| Accounts payable and accrued expenses | $612,614 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,762,614 |