Logos Tower INC FY2023 filing

Not tax-deductible

Cerritos, CAMutual-benefit / member-servingHealth CareEIN 93-3948739Revenue $836K in FY2023

On file with the IRS18000 Studebaker Rd Ste 600, 90703-2682 · Cerritos, CATax-exempt since May 2025

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Logos tower's mission is to offer a full spectrum of real estate capabilities to service its clients and partners. When implemented by Logos Tower, these services generate bottom line benefits to the client as a result of ownership perspective, experienced teams of profesionals, broad resources, institutional discipline, and entrepreneurial vision.

79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 2
filings with a surplus
Average surplus $1.2M a year · 38% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
89 mo
of spending, in cash
Looks good: 88.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$673K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$836K
Spent
$574K
To programs
79%
Net assets
$35.3M
By yearFY2023–FY2024
Revenue
$836K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$836K
FY2024$5.5M
Expenses
$574K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$574K
FY2024$3.3M
Net assets
$35.3M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$35.3M
FY2024$38.4M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 May 2025.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $455K Management & general 21% · $118K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Reverend Samuel D Park’s $50K as President is at the 5th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Provides comprehensive real estate services to benefit clients through ownership perspective and expert teams.

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Provided by the organization

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1 program · $455K · in their own filed words · FY2023
01

Logos tower's sole activity is to hold title to and manage assets on behalf of logos missions, inc. And to turn over income from such activity, less expenses to logos missions, inc.

$455Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$836K
Ln 12
Fees for servicesLn 2g$836K
Money outPt IX
$574K
Ln 25
Programscol B$455K
Managementcol C$118K
Owns and owesPt X
$35.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$35.9M
LiabilitiesLn 26$673K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$836K
Total revenueLn 12$836K
Assets in detailPt X, end of year
CashLn 1$4.2M
Cash and savings togetherLn 1–2$4.2M
Land, buildings, equipmentLn 10c$31.6M
Total assetsLn 16$35.9M
LiabilitiesLn 26$673K
Net assetsLn 32$35.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$4.2M
Land, buildings, equipmentLn 10c$0$31.6M
Total assetsLn 16$0$35.9M
LiabilitiesLn 26$0$673K
Net assetsLn 32$0$35.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$63K$63K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$140K$40K$100K
Office expensesLn 13$8K$8K$153
OccupancyLn 16$185K$185K
TravelLn 17$129$129
Depreciation, depletion and amortizationLn 22$85K$85K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$64K$64K
Total functional expensesLn 25$574K$455K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.5M$3.3M$2.1M$38.4M 990 PDF
FY2023 Viewing $836K$574K$262K$35.3M 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 FY2023 990 (6 parts)
Part I · Summary $835,833 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$835,833
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$835,833
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$573,500
I-18 Total expenses$573,500
I-19 Revenue less expenses$262,333
Part VI · Governance 1 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $835,833 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $835,833$835,833
VIII-12 Total revenueRelated to mission $835,833 · Unrelated business $0 · Excluded from tax $0$835,833
Part IX · Statement of functional expenses $573,500 across 10 lines filed
IX-11a Management feesPrograms $63,293$63,293
IX-11b Legal feesManagement $15,726$15,726
IX-11c Accounting feesManagement $2,000$2,000
IX-11g Other fees for servicesPrograms $40,005 · Management $100,000$140,005
IX-13 Office expensesPrograms $8,060 · Management $153$8,213
IX-16 OccupancyPrograms $185,060$185,060
IX-17 TravelManagement $129$129
IX-22 Depreciation, depletion and amortizationPrograms $85,170$85,170
IX-23 InsurancePrograms $9,988$9,988
IX-24 Other expenses (24a–d)Programs $63,916$63,916
IX-25 Total functional expensesPrograms $455,492 · Management $118,008 · Fundraising $0$573,500
Part X · Balance sheet $35,935,135 assets, 12 lines filed
X-1 Cash, non-interest-bearing$4,236,278
X-4 Accounts receivable$54,524
X-9 Prepaid expenses and deferred charges$62,805
X-10c Land, buildings and equipment, netStart of year $0$31,581,528
X-16 Total assetsStart of year $0$35,935,135
X-17 Accounts payable and accrued expenses$55,844
X-19 Deferred revenue$265,802
X-25 Other liabilitiesStart of year $0$351,156
X-26 Total liabilitiesStart of year $0$672,802
X-27 Net assets without donor restrictions$35,262,333
X-32 Total net assets or fund balancesStart of year $0$35,262,333
X-33 Total liabilities and net assetsStart of year $0$35,935,135
Part XI · Reconciliation of net assets $35,262,333 net assets at year end
XI-1 Total revenue$835,833
XI-2 Total expenses$573,500
XI-3 Revenue less expenses$262,333
XI-9 Other changes in net assets$35,000,000
XI-10 Net assets at end of year$35,262,333

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

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