The organization is organized as a california non-profit public benefit corporation which purchased and redeveloped an 81 room residence which serves persons of low to moderate income.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
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
0 of 5
filings with a surplus
Average deficit $149K a year · 16% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.4M
292% of total assets
Concern: liabilities are 292% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$927K
Spent
$1.0M
To programs
98%
Net assets
−$2.9M
By yearFY2020–FY2024
Revenue
$927K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$927K
FY2021$889K
FY2022$932K
FY2023$981K
FY2024$1.0M
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$997K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
Net assets
−$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.9M
FY2021−$3.0M
FY2022−$3.2M
FY2023−$3.3M
FY2024−$3.5M

From the FY2020 Form 990 · figures checked against the IRS filing · 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 Jan 1990.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $993K Management & general 2% · $22K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Faulding Hotel INC 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

Purchases and redevelops housing for low-to-moderate income individuals.

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Provided by the organization

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1 program · $993K · in their own filed words · FY2020
01

Operation and maintenance of an 81 room residence located in santa barbara, california which serves persons of low to moderate income.

$993Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$927K
Ln 12
Fees for servicesLn 2g$747K
Investment incomeLn 3$93K
Other incomeLn 4–11$64K
Money outPt IX
$1.0M
Ln 25
Programscol B$993K
Managementcol C$22K
Owns and owesPt X
−$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$1.5M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Government grantsLn 1e$18K
Fees for servicesLn 2g$747K
Investment incomeLn 3$93K
Other incomeLn 4–11$64K
Gains on assetsLn 7$0
Total revenueLn 12$927K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$144K
Cash and savings togetherLn 1–2$144K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$0
Total assetsLn 16$1.5M
LiabilitiesLn 26$4.4M
Net assetsLn 32−$2.9M
OperationsPt I, VI
EmployeesI 514
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$39K$144K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.9M$1.5M
LiabilitiesLn 26$4.6M$4.4M
Net assetsLn 32−$2.8M−$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$286K$286K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$23K$23K
Management feesLn 11a$124K$124K
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$25K$25K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$169K$169K
InsuranceLn 23$75K$75K
Other expenses (24a–d)Ln 24$303K$290K$14K
All other expensesLn 24e$0
Total functional expensesLn 25$1.0M$993K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.2M−$192K−$3.5M 990 PDF
FY2023 $981K$1.2M−$169K−$3.3M 990 PDF
FY2022 $932K$1.1M−$189K−$3.2M 990 PDF
FY2021 $889K$997K−$108K−$3.0M 990 PDF
FY2020 Viewing $927K$1.0M−$88K−$2.9M 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 FY2020 990 (6 parts)
Part I · Summary $927,134 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,311$23,194
I-9 Program service revenuePrior year $725,194$747,498
I-10 Investment incomePrior year $1,905$92,892
I-11 Other revenuePrior year $71,600$63,550
I-12 Total revenuePrior year $823,010$927,134
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $231,856$309,121
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $720,565$705,928
I-18 Total expensesPrior year $952,421$1,015,049
I-19 Revenue less expensesPrior year −$129,411−$87,915
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $927,134 across 10 lines filed
Lines not itemized here account for $92,733 of total revenue; see the IRS return.
VIII-1d Related organizations$5,000
VIII-1e Government grants$18,194
VIII-1h Total contributions, gifts and grants$23,194
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $747,498$747,498
VIII-3 Investment incomeExcluded from tax $159$159
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $63,550$63,550
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $840,231 · Excluded from tax $63,709$927,134
Part IX · Statement of functional expenses $1,015,049 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $286,200$286,200
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $22,921$22,921
IX-11a Management feesPrograms $124,235$124,235
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,200$8,200
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $25,384$25,384
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $169,490$169,490
IX-23 InsurancePrograms $75,178$75,178
IX-24 Other expenses (24a–d)Programs $289,938 · Management $13,503$303,441
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $993,346 · Management $21,703 · Fundraising $0$1,015,049
Part X · Balance sheet $1,494,014 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $39,170$144,164
X-3 Pledges and grants receivableStart of year $8,003$13,832
X-4 Accounts receivableStart of year $29,195$49,006
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $15,459$11,397
X-10c Land, buildings and equipment, netStart of year $1,439,591$1,275,615
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 $336,795$0
X-16 Total assetsStart of year $1,868,213$1,494,014
X-17 Accounts payable and accrued expensesStart of year $634,180$436,789
X-25 Other liabilitiesStart of year $239,635$302,335
X-26 Total liabilitiesStart of year $4,641,908$4,355,624
X-27 Net assets without donor restrictionsStart of year −$2,773,695−$2,861,610
X-32 Total net assets or fund balancesStart of year −$2,773,695−$2,861,610
X-33 Total liabilities and net assetsStart of year $1,868,213$1,494,014
Part XI · Reconciliation of net assets −$2,861,610 net assets at year end
XI-1 Total revenue$927,134
XI-2 Total expenses$1,015,049
XI-3 Revenue less expenses−$87,915
XI-4 Net assets at start of year−$2,773,695
XI-10 Net assets at end of year−$2,861,610

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

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