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Scottish Rite Tower Development Corporation FY2022 filing

Tax-deductible

Duarte, CA501(c)(3)Housing EIN 23-2741112Revenue $1.2M in FY2022

On file with the IRS1900 Huntington Dr, 91010-2694 · Duarte, CATax-exempt since Jan 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Scottish Rite Tower Development Corporation owns and operates a 107 unit apartment project for low and moderate income senior citizens and handicapped persons. The project is operated under section 202 of the national housing act and regulated by the u.s. Department of housing and urban Development.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $423K a year · 35% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$177K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+1% vs prior year
Spent
$1.6M
To programs
79%
Net assets
$4.3M
By yearFY2020–FY2025
Revenue
$1.2M
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2025$1.3M
Expenses
$1.6M
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.6M
FY2023$1.7M
FY2024$1.7M
FY2025$1.6M
Net assets
$4.3M
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$4.7M
FY2022$4.3M
FY2023$3.8M
FY2024$3.3M
FY2025$3.0M

From the FY2022 Form 990 (year ending March 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.3M Management & general 21% · $335K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Melvin J Bazemore
Chairman & C
$0Pt VII · Sec A
Sidney Broadnax
Vice Chairma
$0Pt VII · Sec A
Edward Brooks
Secretary
$0Pt VII · Sec A
Ivory M Buck
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Scottish Rite Tower Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable apartments for low-income seniors and handicapped individuals.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2021
01

Successfully provided affordable housing to low to moderate income senior citizens and handicapped residents for 107 units.

$1.3Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$6K
Investment incomeLn 3$4K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$335K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$4.5M
LiabilitiesLn 26$177K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$4K
Other incomeLn 4–11$1K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$132K
Cash and savings togetherLn 1–2$188K
InvestmentsLn 11–13$184K
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$6K
Total assetsLn 16$4.5M
LiabilitiesLn 26$177K
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$196K$188K
InvestmentsLn 11–13$387K$184K
Land, buildings, equipmentLn 10c$4.3M$4.1M
Total assetsLn 16$4.9M$4.5M
LiabilitiesLn 26$198K$177K
Net assetsLn 32$4.7M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$366K$196K$169K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$68K$68K
Payroll taxesLn 10$25K$25K
Management feesLn 11a$76K$76K
Legal feesLn 11b$600$600
Accounting feesLn 11c$27K$27K
Office expensesLn 13$42K$42K
OccupancyLn 16$167K$154K$13K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$483K$479K$5K
InsuranceLn 23$96K$96K
Other expenses (24a–d)Ln 24$258K$258K
All other expensesLn 24e−$14K−$14K
Total functional expensesLn 25$1.6M$1.3M$335K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.6M−$322K$3.0M 990 PDF
FY2024 $1.3M$1.7M−$413K$3.3M 990 PDF
FY2023 $1.2M$1.7M−$507K$3.8M 990 PDF
FY2022 Viewing $1.2M$1.6M−$442K$4.3M 990 PDF
FY2021 $1.2M$1.6M−$423K$4.7M 990 PDF
FY2020 $1.1M$1.6M−$434K$5.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,164,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,232$5,776
I-9 Program service revenuePrior year $1,129,121$1,153,906
I-10 Investment incomePrior year $10,980$3,568
I-11 Other revenuePrior year $421$1,291
I-12 Total revenuePrior year $1,151,754$1,164,541
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $436,403$468,310
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,138,170$1,137,846
I-18 Total expensesPrior year $1,574,573$1,606,156
I-19 Revenue less expensesPrior year −$422,819−$441,615
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,164,541 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,776
VIII-1h Total contributions, gifts and grants$5,776
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,153,906$1,153,906
VIII-3 Investment incomeExcluded from tax $3,568$3,568
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,291$1,291
VIII-12 Total revenueRelated to mission $1,153,906 · Excluded from tax $4,859$1,164,541
Part IX · Statement of functional expenses $1,606,156 across 14 lines filed
IX-7 Other salaries and wagesPrograms $196,115 · Management $169,418$365,533
IX-8 Pension plan contributionsPrograms $10,109$10,109
IX-9 Other employee benefitsPrograms $67,954$67,954
IX-10 Payroll taxesPrograms $24,714$24,714
IX-11a Management feesManagement $76,077$76,077
IX-11b Legal feesManagement $600$600
IX-11c Accounting feesManagement $26,777$26,777
IX-13 Office expensesManagement $42,285$42,285
IX-16 OccupancyPrograms $153,905 · Management $13,135$167,040
IX-19 Conferences, conventions and meetingsManagement $2,305$2,305
IX-22 Depreciation, depletion and amortizationPrograms $478,783 · Management $4,647$483,430
IX-23 InsurancePrograms $96,053$96,053
IX-24 Other expenses (24a–d)Programs $257,728$257,728
IX-24e All other expensesPrograms −$14,449−$14,449
IX-25 Total functional expensesPrograms $1,270,912 · Management $335,244 · Fundraising $0$1,606,156
Part X · Balance sheet $4,452,896 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $106,164$55,768
X-2 Savings and temporary cash investmentsStart of year $90,043$132,023
X-4 Accounts receivableStart of year $6,057$1,780
X-9 Prepaid expenses and deferred chargesStart of year $5,501$7,427
X-10c Land, buildings and equipment, netStart of year $4,330,419$4,066,155
X-13 Program-related investmentsStart of year $387,335$183,936
X-15 Other assetsStart of year $5,486$5,807
X-16 Total assetsStart of year $4,931,005$4,452,896
X-17 Accounts payable and accrued expensesStart of year $156,828$136,073
X-19 Deferred revenueStart of year $2,660$3,003
X-25 Other liabilitiesStart of year $38,150$37,973
X-26 Total liabilitiesStart of year $197,638$177,049
X-27 Net assets without donor restrictionsStart of year $4,733,367$4,275,847
X-32 Total net assets or fund balancesStart of year $4,733,367$4,275,847
X-33 Total liabilities and net assetsStart of year $4,931,005$4,452,896
Part XI · Reconciliation of net assets $4,275,847 net assets at year end
XI-1 Total revenue$1,164,541
XI-2 Total expenses$1,606,156
XI-3 Revenue less expenses−$441,615
XI-4 Net assets at start of year$4,733,367
XI-5 Net unrealized gains (losses) on investments−$15,905
XI-10 Net assets at end of year$4,275,847

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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