Rhf Foundation INC FY2021 filing

Tax-deductible

Long Beach, CA501(c)(3)Since 1997HousingEIN 91-2145934Revenue $14.9M in FY2021

On file with the IRSrhf.org911 N Studebaker Road, 90815-4900 · Long Beach, CATax-exempt since Jul 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low and very low income housing development and resident benevolent care.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average surplus $7.8M a year · 39% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19.1M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.9M
+134% vs prior year
Spent
$14.2M
To programs
96%
Net assets
$196.8M
By yearFY2020–FY2024
Revenue
$14.9M
FY2021▲ +134%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.4M
FY2021$14.9M
FY2022$2.5M
FY2023$62.4M
FY2024$13.9M
FY2024$17.5M
Expenses
$14.2M
FY2021▲ +82%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.8M
FY2021$14.2M
FY2022$11.2M
FY2023$21.5M
FY2024$6.6M
FY2024$4.8M
Net assets
$196.8M
FY2021+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$196.0M
FY2021$196.8M
FY2022$184.7M
FY2023$226.9M
FY2024$238.9M
FY2024$255.7M

From the FY2021 Form 990 (year ending September 2021) · 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 Jul 1998.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $13.6M Management & general 4% · $595K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director and President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director and Treasurer
$0Pt VII · Sec A
Director and Vice President (term Ended)
$0Pt VII · Sec A
Director and President
$0Pt VII · Sec A
Director and Vice President (term Ended)
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rhf Foundation 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

Develops affordable housing and offers resident support for low-income individuals.

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Provided by the organization

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1 program · $13.6M · in their own filed words · FY2020
01

RHF foundation, inc., was established to hold certain trust funds on behalf of retirement housing foundation, a california nonprofit corporation. The trust funds were available to provide development AND/OR equity funds for new projects being developed to provide shelter AND/OR services for very low, low and moderate income seniors; very…

$13.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Mack FoundationFY2025$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 8 grants · $43.5M · 2019–2022
Retirement Housing FoundationCA · FY2022$16,878,589
Retirement Housing FoundationCA · FY2021$8,523,679
Retirement Housing FoundationCA · FY2020$11,459,952
Trinity United Presbyterian ChurchFY2020$500,000
Hollyview Limited PartnershipFY2020$219,773
Retirement Housing FoundationCA · FY2019$5,266,666
Rhf Charitable FoundationCA · FY2019$72,241

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$14.9M
Ln 12
Gifts and grantsLn 1h$10.9M
Investment incomeLn 3$2.3M
Fees for servicesLn 2g$1.7M
Money outPt IX
$14.2M
Ln 25
Programscol B$13.6M
Managementcol C$595K
Owns and owesPt X
$196.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$215.9M
LiabilitiesLn 26$19.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.9M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$2.3M
Total revenueLn 12$14.9M
Assets in detailPt X, end of year
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$87.8M
Land, buildings, equipmentLn 10c$347K
Total assetsLn 16$215.9M
LiabilitiesLn 26$19.1M
Net assetsLn 32$196.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$5.3M$2.7M
InvestmentsLn 11–13$79.8M$87.8M
Land, buildings, equipmentLn 10c$347K$347K
Total assetsLn 16$216.5M$215.9M
LiabilitiesLn 26$20.5M$19.1M
Net assetsLn 32$196.0M$196.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12.2M$12.2M
Other salaries and wagesLn 7$730K$730K
Pension plan contributionsLn 8$19K$19K
Other employee benefitsLn 9$60K$60K
Payroll taxesLn 10$51K$51K
Accounting feesLn 11c$20K$20K
Office expensesLn 13$7K$7K
OccupancyLn 16$196$196
TravelLn 17$18K$18K
Conferences, conventions and meetingsLn 19$645$645
InterestLn 20$475K$475K
InsuranceLn 23$11$11
Other expenses (24a–d)Ln 24$635K$59K$575K
Total functional expensesLn 25$14.2M$13.6M$595K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $13.9M$6.6M$7.4M$238.9M 990 PDF
FY2023 $62.4M$21.5M$40.9M$226.9M 990 PDF
FY2022 $2.5M$11.2M−$8.7M$184.7M 990 PDF
FY2021 Viewing $14.9M$14.2M$669K$196.8M 990 PDF
FY2020 $6.4M$7.8M−$1.5M$196.0M 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 FY2021 990 (6 parts)
Part I · Summary $14,903,975 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,257,861$10,941,109
I-9 Program service revenuePrior year $2,025,866$1,678,714
I-10 Investment incomePrior year $2,075,737$2,284,152
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,359,464$14,903,975
I-13 Grants and similar amounts paidPrior year $5,925,855$12,220,005
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $838,615$859,814
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,073,905$1,155,374
I-18 Total expensesPrior year $7,838,375$14,235,193
I-19 Revenue less expensesPrior year −$1,478,911$668,782
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $14,903,975 across 6 lines filed
VIII-1d Related organizations$10,904,544
VIII-1f All other contributions, gifts and grants$36,565
VIII-1h Total contributions, gifts and grants$10,941,109
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,678,714$1,678,714
VIII-3 Investment incomeRelated to mission $738,496 · Excluded from tax $1,545,656$2,284,152
VIII-12 Total revenueRelated to mission $2,417,210 · Unrelated business $0 · Excluded from tax $1,545,656$14,903,975
Part IX · Statement of functional expenses $14,235,193 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $12,220,005$12,220,005
IX-7 Other salaries and wagesPrograms $729,648$729,648
IX-8 Pension plan contributionsPrograms $19,156$19,156
IX-9 Other employee benefitsPrograms $59,772$59,772
IX-10 Payroll taxesPrograms $51,238$51,238
IX-11c Accounting feesManagement $20,000$20,000
IX-13 Office expensesPrograms $6,840$6,840
IX-16 OccupancyPrograms $196$196
IX-17 TravelPrograms $17,634$17,634
IX-19 Conferences, conventions and meetingsPrograms $645$645
IX-20 InterestPrograms $475,423$475,423
IX-23 InsurancePrograms $11$11
IX-24 Other expenses (24a–d)Programs $59,269 · Management $575,356$634,625
IX-25 Total functional expensesPrograms $13,639,837 · Management $595,356 · Fundraising $0$14,235,193
Part X · Balance sheet $215,917,223 assets, 15 lines filed
Asset lines not itemized here account for $120,343,957; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $5,310,315$2,690,356
X-4 Accounts receivableStart of year $6,283,710$4,770,426
X-9 Prepaid expenses and deferred chargesStart of year $500$1,000
X-10c Land, buildings and equipment, netStart of year $347,159$347,159
X-11 Publicly traded securitiesStart of year $68,698,440$66,216,271
X-12 Other securitiesStart of year $2,091,351$2,091,351
X-13 Program-related investmentsStart of year $9,032,766$19,456,703
X-16 Total assetsStart of year $216,458,207$215,917,223
X-17 Accounts payable and accrued expensesStart of year $6,106,056$4,718,733
X-25 Other liabilitiesStart of year $7,818,094$7,818,094
X-26 Total liabilitiesStart of year $20,481,905$19,094,582
X-27 Net assets without donor restrictionsStart of year $120,158,112$120,562,103
X-28 Net assets with donor restrictionsStart of year $75,818,190$76,260,538
X-32 Total net assets or fund balancesStart of year $195,976,302$196,822,641
X-33 Total liabilities and net assetsStart of year $216,458,207$215,917,223
Part XI · Reconciliation of net assets $196,822,641 net assets at year end
XI-1 Total revenue$14,903,975
XI-2 Total expenses$14,235,193
XI-3 Revenue less expenses$668,782
XI-4 Net assets at start of year$195,976,302
XI-5 Net unrealized gains (losses) on investments$177,557
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$196,822,641

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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