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Turning Point Commons INC

Chico, CAUnknown exempt organization EIN 68-0016029Revenue $3.7M in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSChico, CA

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Provide affordable rental housing.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 68-0016029) · Dispute this line
90¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $1.1M a year · 68% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$3.7M
+537% vs prior year
Spent
$318K
To programs
90%
Net assets
$0
By yearFY2020–FY2022
Revenue
$3.7M
FY2022▲ +537%
Tap a bar for its year
Revenue by fiscal year
FY2020$536K
FY2021$580K
FY2022$3.7M
Expenses
$318K
FY2022▼ -48%
Tap a bar for its year
Expenses by fiscal year
FY2020$602K
FY2021$615K
FY2022$318K
Net assets
$0
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.3M
FY2021−$3.4M
FY2022$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $286K Management & general 10% · $31K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Gilbert Cruz
President
$0Pt VII · Sec A
Melissa Reid
Vice President
$0Pt VII · Sec A
Juana Gutierrez
Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Luis Galvan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Maria Verdugo
Treasurer
$0Pt VII · Sec A
See Turning Point Commons INC executive salaries →

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

Offers affordable rental housing for low-income individuals and families.

Questions for Turning Point Commons INC

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Your first name shows with your question. Turning Point Commons INC answers here, for everyone.

1 program · $286K · in their own filed words · FY2022
01

Provide multi-family affordable housing to low income individuals and families. Turning Point Commons, INC. Operates a 66 unit rental housing complex providing quality living space for low-income persons in chico, ca.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 68-0016029) · Dispute this line
$286Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$1.1M
Fees for servicesLn 2g$282K
Money outPt IX
$318K
Ln 25
Programscol B$286K
Managementcol C$31K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$2.3M
Fees for servicesLn 2g$282K
Investment incomeLn 3$477
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$1.1M
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$161K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$640K$0
Total assetsLn 16$1.1M$0
LiabilitiesLn 26$4.5M$0
Net assetsLn 32−$3.4M$0
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$35K$35K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$23K$23K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$4K$3K$1K
InterestLn 20$30K$30K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$111K$111K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$318K$286K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 14, 2023 $3.7M$318K$3.4M$0 990 PDF
FY2021Filed with the IRS Nov 12, 2022 $580K$615K−$35K−$3.4M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $536K$602K−$66K−$3.3M 990 PDF

Schedules filed Part IV

I · Grants M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $3,689,336 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$2,329,432
I-9 Program service revenuePrior year $578,258$282,425
I-10 Investment incomePrior year $1,350$1,077,479
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $579,608$3,689,336
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 $108,243$40,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $506,639$276,917
I-18 Total expensesPrior year $614,882$317,501
I-19 Revenue less expensesPrior year −$35,274$3,371,835
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $3,689,336 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,329,432
VIII-1g Noncash contributions (included above)$2,329,432
VIII-1h Total contributions, gifts and grants$2,329,432
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $282,425$282,425
VIII-3 Investment incomeExcluded from tax $477$477
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,077,002$1,077,002
VIII-12 Total revenueRelated to mission $282,425 · Unrelated business $0 · Excluded from tax $1,077,479$3,689,336
Part IX · Statement of functional expenses $317,501 across 11 lines filed
IX-7 Other salaries and wagesPrograms $34,679$34,679
IX-9 Other employee benefitsPrograms $3,804$3,804
IX-10 Payroll taxesPrograms $2,101$2,101
IX-11a Management feesManagement $22,849$22,849
IX-11c Accounting feesManagement $7,234$7,234
IX-13 Office expensesPrograms $2,537 · Management $1,334$3,871
IX-20 InterestPrograms $29,567$29,567
IX-22 Depreciation, depletion and amortizationPrograms $46,264$46,264
IX-23 InsurancePrograms $41,151$41,151
IX-24 Other expenses (24a–d)Programs $110,937$110,937
IX-24e All other expensesPrograms $15,044$15,044
IX-25 Total functional expensesPrograms $286,084 · Management $31,417 · Fundraising $0$317,501
Part X · Balance sheet $0 assets, 29 lines filed
X-1 Cash, non-interest-bearingStart of year $161,108$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,516$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $42,613$0
X-10c Land, buildings and equipment, netStart of year $639,923$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $254,301$0
X-16 Total assetsStart of year $1,099,461$0
X-17 Accounts payable and accrued expensesStart of year $25,899$0
X-18 Grants payable$0
X-19 Deferred revenueStart of year $3,910$0
X-20 Tax-exempt bond liabilities$0
X-21 Escrow or custodial accounts$0
X-22 Loans from officers and insiders$0
X-23 Secured mortgages and notes payableStart of year $2,049,654$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilitiesStart of year $2,391,833$0
X-26 Total liabilitiesStart of year $4,471,296$0
X-27 Net assets without donor restrictionsStart of year −$3,371,835$0
X-32 Total net assets or fund balancesStart of year −$3,371,835$0
X-33 Total liabilities and net assetsStart of year $1,099,461$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$3,689,336
XI-2 Total expenses$317,501
XI-3 Revenue less expenses$3,371,835
XI-4 Net assets at start of year−$3,371,835
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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