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300 Main Incorporated FY2023 filing

Tax-deductible

Long Beach, CA501(c)(3) EIN 93-0839426Revenue $202K in FY2023

On file with the IRSrhf.org911 N Studebaker Road, 90815-4900 · Long Beach, CATax-exempt since May 1984Publicly supported charity — 170(b)(1)(A)(vi)

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300 Main, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of oregon. The corporation was formed for the purpose of operating a 26 unit community known as 300 Main located in estacada, oregon, which provides housing for low income elderly persons pursuant to section 202 of the national housing act, as amended.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $36K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $56K in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $56K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$216K
88% of total assets
Concern: liabilities are 88% 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
$202K
-4% vs prior year
Spent
$163K
To programs
87%
Net assets
$29K
By yearFY2021–FY2025
Revenue
$202K
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$198K
FY2022$210K
FY2023$202K
FY2024$216K
FY2025$269K
Expenses
$163K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$202K
FY2022$168K
FY2023$163K
FY2024$178K
FY2025$201K
Net assets
$29K
FY2023▲ +383%
Tap a bar for its year
Net assets by fiscal year
FY2021−$52K
FY2022−$10K
FY2023$29K
FY2024$67K
FY2025$134K

From the FY2023 Form 990 (year ending January 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1984.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $142K Management & general 13% · $21K

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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
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
Napierskie David W
VP Health Care Operations
$0Pt VII · Sec A
Magnone Vincent B
VP Treasury & Invstmt Off
$0Pt VII · Sec A
Battaglia Nada
VP Human Resources
$0Pt VII · Sec A
Titus Stephanie L
VP Philanthropy/Cso
$0Pt VII · Sec A
Gilchrist Kevin Darrell
VP Development Finance
$0Pt VII · Sec A
See 300 Main Incorporated 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

Provides affordable housing for low-income elderly individuals.

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1 program · $142K · in their own filed words · FY2022
01

300 main, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of oregon. The corporation was formed for the purpose of operating a 26 unit community known as 300 main located in estacada, oregon, which provides housing for low income elderly persons pursuant to section 202 of the…

$142Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$202K
Ln 12
Gifts and grantsLn 1h$135K
Fees for servicesLn 2g$67K
Other incomeLn 4–11$309
Money outPt IX
$163K
Ln 25
Programscol B$142K
Managementcol C$21K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$245K
LiabilitiesLn 26$216K
PeoplePt VI, VII
35
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$135K
Government grantsLn 1e$135K
Fees for servicesLn 2g$67K
Investment incomeLn 3$17
Other incomeLn 4–11$309
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$199
SavingsLn 2$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$56K
Land, buildings, equipmentLn 10c$174K
Other assetsLn 15$7K
Total assetsLn 16$245K
LiabilitiesLn 26$216K
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJanuary
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 FY23End FY23
Cash and savingsLn 1–2$15K$5K
InvestmentsLn 11–13$53K$56K
Land, buildings, equipmentLn 10c$193K$174K
Total assetsLn 16$270K$245K
LiabilitiesLn 26$280K$216K
Net assetsLn 32−$10K$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$15K$15K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$463$463
Office expensesLn 13$13K$13K
OccupancyLn 16$95K$95K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$163K$142K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $269K$201K$68K$134K 990 PDF
FY2024 $216K$178K$38K$67K 990 PDF
FY2023 Viewing $202K$163K$39K$29K 990 PDF
FY2022 $210K$168K$42K−$10K 990 PDF
FY2021 $198K$202K−$4K−$52K 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 FY2023 990 (6 parts)
Part I · Summary $202,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,762$134,955
I-9 Program service revenuePrior year $63,199$66,848
I-10 Investment incomePrior year $73$17
I-11 Other revenuePrior year $1,026$309
I-12 Total revenuePrior year $210,060$202,129
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 $168,238$163,078
I-18 Total expensesPrior year $168,238$163,078
I-19 Revenue less expensesPrior year $41,822$39,051
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $202,129 across 6 lines filed
VIII-1e Government grants$134,955
VIII-1h Total contributions, gifts and grants$134,955
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,848$66,848
VIII-3 Investment incomeExcluded from tax $17$17
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $309$309
VIII-12 Total revenueRelated to mission $66,848 · Unrelated business $0 · Excluded from tax $326$202,129
Part IX · Statement of functional expenses $163,078 across 8 lines filed
IX-11a Management feesManagement $15,028$15,028
IX-11c Accounting feesManagement $5,750$5,750
IX-12 Advertising and promotionManagement $463$463
IX-13 Office expensesPrograms $12,532$12,532
IX-16 OccupancyPrograms $95,384$95,384
IX-22 Depreciation, depletion and amortizationPrograms $18,181$18,181
IX-23 InsurancePrograms $1,037$1,037
IX-24 Other expenses (24a–d)Programs $14,703$14,703
IX-25 Total functional expensesPrograms $141,837 · Management $21,241 · Fundraising $0$163,078
Part X · Balance sheet $245,098 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $199$199
X-2 Savings and temporary cash investmentsStart of year $15,162$4,605
X-4 Accounts receivableStart of year $1,007$2,094
X-10c Land, buildings and equipment, netStart of year $192,669$174,488
X-13 Program-related investmentsStart of year $53,025$56,232
X-15 Other assetsStart of year $8,162$7,480
X-16 Total assetsStart of year $270,224$245,098
X-17 Accounts payable and accrued expensesStart of year $44,604$26,176
X-19 Deferred revenueStart of year $198$179
X-25 Other liabilitiesStart of year $7,966$7,480
X-26 Total liabilitiesStart of year $280,412$216,233
X-27 Net assets without donor restrictionsStart of year −$10,188$28,865
X-32 Total net assets or fund balancesStart of year −$10,188$28,865
X-33 Total liabilities and net assetsStart of year $270,224$245,098
Part XI · Reconciliation of net assets $28,865 net assets at year end
XI-1 Total revenue$202,129
XI-2 Total expenses$163,078
XI-3 Revenue less expenses$39,051
XI-4 Net assets at start of year−$10,188
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,865

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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