La Mesa Property INC FY2020 filing

Not tax-deductible

Newport Beach, CAMutual-benefit / member-servingHuman ServicesEIN 27-3139079Revenue $398K in FY2020

On file with the IRS1048 Irvine Avenue 742, 92660-4602 · Newport Beach, CATax-exempt since Feb 2011

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $426K a year · 100% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$56K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$398K
Spent
$0
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$398K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$498K
FY2022$380K
FY2023$418K
FY2024$436K
Expenses
$0
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Net assets
$4.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$5.2M
FY2022$4.7M
FY2023$4.6M
FY2024$4.6M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Dir./CFO/Sec.
$0Pt VII · Sec A
Director/Chairman of the Board
$0Pt VII · Sec A
Director-President
$0Pt VII · Sec A
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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 15aNo

Programs and updates

La Mesa Property INC is a member-serving organization based in Newport Beach, CA.

Questions for La Mesa Property INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

As a 501(c)(2) title holding company, the sole purpose of this exempt organization is to collect rents, pay related expenses, and remit excess cash to the george e. Hewitt foundation for medical research. As such the organization does not have any program services of its own.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$398K
Ln 12
Other incomeLn 4–11$398K
Investment incomeLn 3$260
Money outPt IX
$0
Ln 25
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$5.0M
LiabilitiesLn 26$56K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$260
Other incomeLn 4–11$398K
Total revenueLn 12$398K
Assets in detailPt X, end of year
SavingsLn 2$354K
Cash and savings togetherLn 1–2$354K
Land, buildings, equipmentLn 10c$4.6M
Total assetsLn 16$5.0M
LiabilitiesLn 26$56K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$121K$354K
Land, buildings, equipmentLn 10c$4.8M$4.6M
Total assetsLn 16$4.9M$5.0M
LiabilitiesLn 26$56K$56K
Net assetsLn 32$4.8M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $436K$0$436K$4.6M 990 PDF
FY2023 $418K$0$418K$4.6M 990 PDF
FY2022 $380K$0$380K$4.7M 990 PDF
FY2021 $498K$0$498K$5.2M 990 PDF
FY2020 Viewing $398K$0$398K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $397,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $858$260
I-11 Other revenuePrior year $482,621$397,687
I-12 Total revenuePrior year $483,479$397,947
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$0
I-18 Total expensesPrior year $0$0
I-19 Revenue less expensesPrior year $483,479$397,947
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $397,947 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $260$260
VIII-6 Net rental income or lossExcluded from tax $397,687$397,687
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $397,947$397,947
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $5,002,420 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $121,293$354,209
X-10c Land, buildings and equipment, netStart of year $4,750,355$4,635,016
X-14 Intangible assetsStart of year $32,825$13,195
X-16 Total assetsStart of year $4,904,473$5,002,420
X-25 Other liabilitiesStart of year $56,170$56,170
X-26 Total liabilitiesStart of year $56,170$56,170
X-32 Total net assets or fund balancesStart of year $4,848,303$4,946,250
X-33 Total liabilities and net assetsStart of year $4,904,473$5,002,420
Part XI · Reconciliation of net assets $4,946,250 net assets at year end
XI-1 Total revenue$397,947
XI-2 Total expenses$0
XI-3 Revenue less expenses$397,947
XI-4 Net assets at start of year$4,848,303
XI-9 Other changes in net assets−$300,000
XI-10 Net assets at end of year$4,946,250

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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