Pilgrim Tower North FY2023 filing

Long Beach, CA · Supporting organization · Housing

✓ Tax-deductible
Revenue
$21K
-53% vs prior year
Spent
$904K
To programs
100%
Net assets
−$16K
By yearFY2020–FY2024
Revenue
$21K
FY2023▼ -53%
Revenue by fiscal year
FY2020$74K
FY2021$62K
FY2022$45K
FY2023$21K
FY2024$307
Expenses
$904K
FY2023▲ +185%
Expenses by fiscal year
FY2020$318K
FY2021$318K
FY2022$317K
FY2023$904K
FY2024$850
Net assets
−$16K
FY2023▼ -102%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.1M
FY2022$867K
FY2023−$16K
FY2024−$17K

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

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CPilgrim Tower North
EINHdr · item D95-2874168
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2025
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLong Beach, CA
NTEE classificationIRS BMFHousing (L22)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$903K
Management & general$750
Total functional expensesLn 25$904K

Financial health

Is it on solid ground?

Net inflow
-4127%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$2K
FY2023▼ -100%
Total assets by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$884K
FY2023$2K
FY2024$3K
Total liabilities
$18K
FY2023▲ +4%
Total liabilities by fiscal year
FY2020$15K
FY2021$17K
FY2022$18K
FY2023$18K
FY2024$19K
Revenue less expensesPt I · Ln 19−$883K
Total assetsPt X · Ln 16$2K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$2K
Total liabilitiesLn 26$18K
Total net assetsLn 32−$16K

Statement of Revenue

Part VIII
Program service revenue$21K · 99%
Other revenue$259 · 1%
Program service revenue99%$21K
Other revenue1%$259
Total revenueLn 12$21K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $904K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $903K · Total expenses $904K
100%
Management & General
Management & general $750 · Total expenses $904K
0.08%
Fundraising
Fundraising $0 · Total expenses $904K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $21K
0%
Government reliance
Government grants — · Total revenue $21K
—
Earned-income share
Program service revenue $21K · Total revenue $21K
99%
Investment reliance
Investment income $0 · Total revenue $21K
0%
Program self-sufficiency
Program service revenue $21K · Total expenses $904K
2%
Growth & trend
Revenue growth (YoY)
This year $21K · Prior year $45K
-53%
Net-asset trend (YoY)
End of year −$16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21K · Expenses $904K
-4127%
Liabilities-to-Assets
Total liabilities — · Total assets $2K
—
Net-asset ratio
Net assets −$16K · Total assets $2K
-676%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hartman Stuart J · Reported title PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $904K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $904K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0.08%——
Revenue growth -53%——
Accounting fee ratio 0.08%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/CEO
$0Pt VII · Sec A
Executive VP Gen Counsel
$0Pt VII · Sec A
CFO and VP of Finance
$0Pt VII · Sec A
VP Health Care Operations
$0Pt VII · Sec A
VP Treasury & Invstmt Off
$0Pt VII · Sec A
VP Human Resources
$0Pt VII · Sec A
VP Philanthropy/Cso
$0Pt VII · Sec A
VP Development Finance
$0Pt VII · Sec A
See Pilgrim Tower North executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Pilgrim Tower North is a housing supporting organization based in Long Beach, CA.

Provided by the organization

This section is blank until Pilgrim Tower North claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $903K of program spending, described in the organization's own filed words · FY2022.
01

To sponsor affordable housing for low income persons including providing financing.

$903Kprogram expense

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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 · 2 grants · $1.2M · 2021–2022
Retirement Housing FoundationCA · FY2022$903,401
Retirement Housing FoundationCA · FY2021$316,355

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $307$850-99% 990 PDF
FY2023 Viewing $21K$904K-53% 990 PDF
FY2022 $45K$317K-27% 990 PDF
FY2021 $62K$318K-17% 990 PDF
FY2020 $74K$318K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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