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Symphony Rhf Land INC

Tax-deductible

Long Beach, CA501(c)(3)HousingEIN 85-3731409

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The corporation's purpose shall be to provide support to organizations and entities servicing low-income individuals. Thus, the corporation will indirectly provide low-income housing with property ownership, leasing of Land or buildings for housing, social, economic and other facilities and services designed to meet said persons' physical, social, and economic needs, and to promote said persons' health, security, happiness and usefulness in longer living.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 2
filings with a surplus
Average deficit $412K a year · 7% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$54.4M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
-52% vs prior year
Spent
$4.9M
To programs
99%
Net assets
−$825K
By yearFY2023–FY2024
Revenue
$4.0M
FY2024▼ -52%
Revenue by fiscal year
FY2023$8.4M
FY2024$4.0M
Expenses
$4.9M
FY2024▼ -42%
Expenses by fiscal year
FY2023$8.4M
FY2024$4.9M
Net assets
−$825K
FY2024▼ -56%
Net assets by fiscal year
FY2023−$527K
FY2024−$825K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2024.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $4.8M Management & general 1% · $32K

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

35 people listed on the 990.

Part VII, Section A · reportable compensation
Hartman Stuart J
President/CEO
$0Pt VII · Sec A
Amberg Robert R
Executive VP Gen Counsel
$0Pt VII · Sec A
Rossello Frank JR
CFO and VP of Finance
$0Pt VII · Sec A
Fard Bob
VP Acquis and Proj Dev
$0Pt VII · Sec A
Escandon Yuri Andrew
VP Housing Operations
$0Pt VII · Sec A
Gilchrist Kevin Darrell
VP Dev Fin & Asset Mgmt
$0Pt VII · Sec A
Battaglia Nada
VP Human Resources
$0Pt VII · Sec A
Titus Stephanie L
VP Philanthropy/Cso
$0Pt VII · Sec A
See Symphony Rhf Land 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 15aNo

Programs and updates

Supports organizations providing low-income housing, facilities, and services to meet people's needs.

Provided by the organization

This section is blank until Symphony Rhf Land INC claims this page.

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1 program service account for $4.8M of program spending, described in the organization's own filed words · FY2024.
01

Symphony RHF land, inc. Is a notforprofit corporation formed in accordance with the notforprofit statutes of the state of massachusetts. The corporation was formed for the purpose of operating a community known as symphony towers east & west located in boston, massachusetts, which provides housing to low income seniors.

$4.8Mprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.0M
Ln 12
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$17K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.8M
Managementcol C$32K
Owns and owesPt X
−$825K
net assets · Ln 32
Cash and savingsLn 1–2$779K
Total assetsLn 16$53.5M
LiabilitiesLn 26$54.4M
PeoplePt VI, VII
35
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$17K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$779K
Cash and savings togetherLn 1–2$779K
Land, buildings, equipmentLn 10c$45.7M
Other assetsLn 15$6.0M
Total assetsLn 16$53.5M
LiabilitiesLn 26$54.4M
Net assetsLn 32−$825K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$847K$779K
Land, buildings, equipmentLn 10c$45.6M$45.7M
Total assetsLn 16$46.5M$53.5M
LiabilitiesLn 26$47.0M$54.4M
Net assetsLn 32−$527K−$825K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$17K$17K
Legal feesLn 11b$15K$15K
InterestLn 20$3.6M$3.6M
Depreciation, depletion and amortizationLn 22$178K$178K
Other expenses (24a–d)Ln 24$1.0M$1.0M$441
Total functional expensesLn 25$4.9M$4.8M$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.0M$4.9M−$823K−$825K 990 PDF
FY2023 $8.4M$8.4M−$2K−$527K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,034,475 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,017,035$4,017,035
VIII-3 Investment incomeRelated to mission $17,440$17,440
VIII-12 Total revenueRelated to mission $4,034,475 · Unrelated business $0 · Excluded from tax $0$4,034,475
Part IX · Statement of functional expenses $4,857,632 across 5 lines filed
IX-11a Management feesManagement $16,647$16,647
IX-11b Legal feesManagement $14,599$14,599
IX-20 InterestPrograms $3,647,886$3,647,886
IX-22 Depreciation, depletion and amortizationPrograms $177,702$177,702
IX-24 Other expenses (24a–d)Programs $1,000,357 · Management $441$1,000,798
IX-25 Total functional expensesPrograms $4,825,945 · Management $31,687 · Fundraising $0$4,857,632
Part X · Balance sheet $53,528,668 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $846,817$779,488
X-4 Accounts receivableStart of year $39,466$1,114,237
X-10c Land, buildings and equipment, netStart of year $45,585,737$45,660,959
X-15 Other assetsStart of year $0$5,973,984
X-16 Total assetsStart of year $46,472,020$53,528,668
X-17 Accounts payable and accrued expensesStart of year $0$468
X-19 Deferred revenueStart of year $3,416$6,741
X-24 Unsecured notes and loans payableStart of year $46,950,990$47,254,170
X-25 Other liabilitiesStart of year $44,867$7,092,006
X-26 Total liabilitiesStart of year $46,999,273$54,353,385
X-27 Net assets without donor restrictionsStart of year −$527,253−$824,717
X-32 Total net assets or fund balancesStart of year −$527,253−$824,717
X-33 Total liabilities and net assetsStart of year $46,472,020$53,528,668
Part XI · Reconciliation of net assets −$824,717 net assets at year end
XI-1 Total revenue$4,034,475
XI-2 Total expenses$4,857,632
XI-3 Revenue less expenses−$823,157
XI-4 Net assets at start of year−$527,253
XI-8 Prior period adjustments$525,693
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$824,717

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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