Menorah Park FY2021 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1978HousingEIN 94-2518498Revenue $5.9M in FY2021

On file with the IRSmenorahpark.com3365 Sacramento St, 94118-1984 · San Francisco, CATax-exempt since Sep 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Project-based section 8 independent living building for seniors and those handicaps.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$160K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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 4
filings with a surplus
Average surplus $87K a year · 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$219K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
Spent
$5.1M
To programs
84%
Net assets
$17.4M
By yearFY2021–FY2024
Revenue
$5.9M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$5.9M
FY2022$5.7M
FY2023$5.8M
FY2024$6.2M
FY2024$6.7M
Expenses
$5.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5.1M
FY2022$8.5M
FY2023$5.0M
FY2024$4.6M
FY2024$7.4M
Net assets
$17.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$17.4M
FY2022$13.3M
FY2023$14.5M
FY2024$16.9M
FY2024$16.8M

From the FY2021 Form 990 (year ending June 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 Sep 1978.

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% · $4.3M Management & general 16% · $833K

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

12 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$160,274Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joan Levison’s $212K as Executive Director is at the 89th percentile of top reported officer pay among 2036 $1–10M housing 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Joan Levison$212,000$206,177$161,496$212,797$160,274
Sima Kaminsky—$136,315$131,000$120,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 seniors in need.

Provided by the organization

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1 program · $4.3M · in their own filed words · FY2020
01

Operation of 151 unit apartment complex to provide low income housing to the elderly. Bilingual and multi-cultural assistance and activities for the elderly are also provided.

$4.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $14.4M · 2020–2024
The San Francisco FoundationCA · FY2024$3,872,776
The San Francisco FoundationCA · FY2023$1,016,000
The San Francisco FoundationCA · FY2022$2,022,250
The San Francisco FoundationCA · FY2021$5,365,200
The San Francisco FoundationCA · FY2020$2,100,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Gifts and grantsLn 1h$5.0M
Fees for servicesLn 2g$749K
Investment incomeLn 3$141K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.3M
Managementcol C$833K
Owns and owesPt X
$17.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$17.6M
LiabilitiesLn 26$219K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.0M
Government grantsLn 1e$5.0M
Fees for servicesLn 2g$749K
Investment incomeLn 3$141K
Other incomeLn 4–11$54K
Gains on assetsLn 7$62K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$10.5M
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$2.3M
Total assetsLn 16$17.6M
LiabilitiesLn 26$219K
Net assetsLn 32$17.4M
OperationsPt I, VI
EmployeesI 513
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$6.7M$1.2M
InvestmentsLn 11–13$10.5M
Land, buildings, equipmentLn 10c$3.9M$3.5M
Total assetsLn 16$16.4M$17.6M
LiabilitiesLn 26$225K$219K
Net assetsLn 32$16.2M$17.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.1M$2.1M
Pay of current officers, directors and key staffLn 5$177K$168K$9K
Other salaries and wagesLn 7$991K$585K$406K
Pension plan contributionsLn 8$37K$37K
Other employee benefitsLn 9$110K$68K$42K
Payroll taxesLn 10$89K$55K$34K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$55K$55K
Investment management feesLn 11f$27K$27K
Other fees for servicesLn 11g$276K$178K$98K
Office expensesLn 13$47K$968$46K
OccupancyLn 16$345K$325K$20K
Depreciation, depletion and amortizationLn 22$427K$402K$25K
InsuranceLn 23$217K$217K
Other expenses (24a–d)Ln 24$202K$143K$59K
Total functional expensesLn 25$5.1M$4.3M$833K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.2M$4.6M$1.5M$16.9M 990 PDF
FY2023 $5.8M$5.0M$744K$14.5M 990 PDF
FY2022 $5.7M$8.5M−$2.8M$13.3M 990 PDF
FY2021 Viewing $5.9M$5.1M$825K$17.4M 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 FY2021 990 (6 parts)
Part I · Summary $5,939,685 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,726,751$4,995,261
I-9 Program service revenuePrior year $699,007$749,453
I-10 Investment incomePrior year $5,404$141,134
I-11 Other revenuePrior year $297,590$53,837
I-12 Total revenuePrior year $5,728,752$5,939,685
I-13 Grants and similar amounts paidPrior year $730,600$2,100,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,276,306$1,404,079
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,636,078$1,610,706
I-18 Total expensesPrior year $3,642,984$5,114,785
I-19 Revenue less expensesPrior year $2,085,768$824,900
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,939,685 across 8 lines filed
VIII-1e Government grants$4,995,261
VIII-1h Total contributions, gifts and grants$4,995,261
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $749,453$749,453
VIII-3 Investment incomeExcluded from tax $79,027$79,027
VIII-6 Net rental income or lossExcluded from tax $52,464$52,464
VIII-7 Net gain or loss on sales of assetsExcluded from tax $62,107$62,107
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,373$1,373
VIII-12 Total revenueRelated to mission $749,453 · Unrelated business $0 · Excluded from tax $194,971$5,939,685
Part IX · Statement of functional expenses $5,114,785 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,100,000$2,100,000
IX-5 Pay of current officers, directors and key staffPrograms $168,070 · Management $8,846$176,916
IX-7 Other salaries and wagesPrograms $585,139 · Management $405,647$990,786
IX-8 Pension plan contributionsPrograms $37,361$37,361
IX-9 Other employee benefitsPrograms $68,079 · Management $41,682$109,761
IX-10 Payroll taxesPrograms $55,360 · Management $33,895$89,255
IX-11b Legal feesManagement $12,586$12,586
IX-11c Accounting feesManagement $55,421$55,421
IX-11f Investment management feesManagement $27,451$27,451
IX-11g Other fees for servicesPrograms $178,204 · Management $97,791$275,995
IX-13 Office expensesPrograms $968 · Management $45,951$46,919
IX-16 OccupancyPrograms $325,476 · Management $19,682$345,158
IX-22 Depreciation, depletion and amortizationPrograms $402,453 · Management $24,933$427,386
IX-23 InsurancePrograms $217,489$217,489
IX-24 Other expenses (24a–d)Programs $143,395 · Management $58,906$202,301
IX-25 Total functional expensesPrograms $4,281,994 · Management $832,791 · Fundraising $0$5,114,785
Part X · Balance sheet $17,633,641 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $6,657,314$1,236,257
X-4 Accounts receivableStart of year $20,714$3,947
X-9 Prepaid expenses and deferred chargesStart of year $118,710$108,958
X-10c Land, buildings and equipment, netStart of year $3,938,632$3,500,156
X-12 Other securities$10,531,875
X-15 Other assetsStart of year $5,659,137$2,252,248
X-16 Total assetsStart of year $16,394,707$17,633,641
X-17 Accounts payable and accrued expensesStart of year $149,536$141,799
X-25 Other liabilitiesStart of year $75,783$77,154
X-26 Total liabilitiesStart of year $225,319$218,953
X-27 Net assets without donor restrictionsStart of year $16,169,388$17,414,688
X-32 Total net assets or fund balancesStart of year $16,169,388$17,414,688
X-33 Total liabilities and net assetsStart of year $16,394,707$17,633,641
Part XI · Reconciliation of net assets $17,414,688 net assets at year end
XI-1 Total revenue$5,939,685
XI-2 Total expenses$5,114,785
XI-3 Revenue less expenses$824,900
XI-4 Net assets at start of year$16,169,388
XI-5 Net unrealized gains (losses) on investments$420,400
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,414,688

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

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