Forest Hill Association FY2024 filing

Not tax-deductible

San Francisco, CA501(c)(4)EIN 94-0480830Revenue $647K in FY2024

On file with the IRSforesthill-sf.org381 Magellan Ave, 94116-1434 · San Francisco, CATax-exempt since Feb 1945

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The Organization's mission is to maintain, repair and replace common area property of 653 homes as well as provide a meeting location for the organization's members

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
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
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
5 of 5
filings with a surplus
Average surplus $140K a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$30K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$647K
+14% vs prior year
Spent
$572K
To programs
84%
Net assets
$1.7M
By yearFY2021–FY2025
Revenue
$647K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2021$577K
FY2022$565K
FY2023$567K
FY2024$647K
FY2025$665K
Expenses
$572K
FY2024▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2021$451K
FY2022$428K
FY2023$430K
FY2024$572K
FY2025$437K
Net assets
$1.7M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4M
FY2022$1.5M
FY2023$1.6M
FY2024$1.7M
FY2025$1.9M

From the FY2024 Form 990 (year ending March 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1945.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $483K Management & general 16% · $89K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Forest Hill Association 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

Maintains and repairs shared property for 653 homes, offering a member meeting space.

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1 program · $483K · in their own filed words · FY2023
01

Management and maintenance of common area property for 653 homes.

$483Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$647K
Ln 12
Gifts and grantsLn 1h$581K
Other incomeLn 4–11$38K
Investment incomeLn 3$28K
Money outPt IX
$572K
Ln 25
Programscol B$483K
Managementcol C$89K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$854K
Total assetsLn 16$1.7M
LiabilitiesLn 26$30K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$581K
Investment incomeLn 3$28K
Other incomeLn 4–11$38K
Gains on assetsLn 7$0
Total revenueLn 12$647K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$854K
Cash and savings togetherLn 1–2$854K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$880K
Other assetsLn 15$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$30K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderMarch
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 FY24End FY24
Cash and savingsLn 1–2$950K$854K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$705K$880K
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$24K$30K
Net assetsLn 32$1.6M$1.7M
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$43K$43K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$17K$17K
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$6K$6K
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$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$446K$432K$15K
All other expensesLn 24e$13K$5K$8K
Total functional expensesLn 25$572K$483K$89K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $665K$437K$227K$1.9M 990 PDF
FY2024 Viewing $647K$572K$75K$1.7M 990 PDF
FY2023 $567K$430K$137K$1.6M 990 PDF
FY2022 $565K$428K$136K$1.5M 990 PDF
FY2021 $577K$451K$127K$1.4M 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 (6 parts)
Part I · Summary $647,239 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $530,261$580,618
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,953$28,346
I-11 Other revenuePrior year $33,360$38,275
I-12 Total revenuePrior year $566,574$647,239
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $41,039$46,311
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $388,844$525,741
I-18 Total expensesPrior year $429,883$572,052
I-19 Revenue less expensesPrior year $136,691$75,187
Part VI · Governance 0 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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 $647,239 across 9 lines filed
VIII-1b Membership dues$580,618
VIII-1h Total contributions, gifts and grants$580,618
VIII-3 Investment incomeExcluded from tax $28,346$28,346
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $27,950$27,950
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,325$10,325
VIII-12 Total revenueRelated to mission $10,325 · Excluded from tax $56,296$647,239
Part IX · Statement of functional expenses $572,052 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 $42,859$42,859
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $3,452$3,452
IX-11a Management fees$0
IX-11b Legal feesManagement $1,807$1,807
IX-11c Accounting feesManagement $17,155$17,155
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $5,714$5,714
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 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $42,056$42,056
IX-24 Other expenses (24a–d)Programs $431,711 · Management $14,589$446,300
IX-24e All other expensesPrograms $4,551 · Management $8,158$12,709
IX-25 Total functional expensesPrograms $482,573 · Management $89,479 · Fundraising $0$572,052
Part X · Balance sheet $1,737,302 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $949,811$854,234
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$2,844
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $705,162$880,224
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 assets$0
X-16 Total assetsStart of year $1,654,973$1,737,302
X-17 Accounts payable and accrued expensesStart of year $2,396$9,014
X-19 Deferred revenueStart of year $18,101$19,678
X-25 Other liabilitiesStart of year $4,000$1,000
X-26 Total liabilitiesStart of year $24,497$29,692
X-32 Total net assets or fund balancesStart of year $1,630,476$1,707,610
X-33 Total liabilities and net assetsStart of year $1,654,973$1,737,302
Part XI · Reconciliation of net assets $1,707,610 net assets at year end
XI-1 Total revenue$647,239
XI-2 Total expenses$572,052
XI-3 Revenue less expenses$75,187
XI-4 Net assets at start of year$1,630,476
XI-8 Prior period adjustments$1,947
XI-10 Net assets at end of year$1,707,610

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

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