Verdugo Tower INC: FY2021 Nonprofit Profile & Form 990 (EIN 95-4401836)

Revenue by fiscal year
FY2020	$915K
FY2021	$989K
FY2022	$994K
FY2023	$1.5M
FY2024	$1.1M
FY2025	$2.7M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.2M
FY2022	$1.2M
FY2023	$1.2M
FY2024	$1.2M
FY2025	$1.3M

Net assets by fiscal year
FY2020	$5.2M
FY2021	$5.1M
FY2022	$4.8M
FY2023	$5.1M
FY2024	$4.9M
FY2025	$6.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1997.

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

Where the money goes

73 cents of each dollar spent went to programs.

73%

27%

Program services 73% · $846K Management & general 27% · $316K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Elvan Moen

President

$0Pt VII · Sec A

Revis Call

Vice President

$0Pt VII · Sec A

Jane Casey

Treasurer

$0Pt VII · Sec A

Lisa Fike

Secretary

$0Pt VII · Sec A

Robert Anderson

Director

$0Pt VII · Sec A

Brian Casey

Director

$0Pt VII · Sec A

Carolyn English

Director

$0Pt VII · Sec A

Laureen Endoso

Director

$0Pt VII · Sec A

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for elderly and disabled individuals.

Questions for Verdugo Tower INC

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Provided by the organization

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1 program · $846K · in their own filed words · FY2020

01

The organization is a non-profit apartment complex renting to low income, handicapped or elderly persons. The operations are regulated and controlled by U.S. Dept. Of hud. A coin operated laundry facility is provided.

$846Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Harvard Plaza INCFY2024$730K

Wesley Homes INCFY2024$7K

Total grants receivedfrom 2 funders$737K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$989K

Ln 12

Gifts and grantsLn 1h$550K

Fees for servicesLn 2g$438K

Investment incomeLn 3$1K

Money outPt IX

$1.2M

Ln 25

Programscol B$846K

Managementcol C$316K

Owns and owesPt X

$5.1M

net assets · Ln 32

Cash and savingsLn 1–2$47K

Total assetsLn 16$5.2M

LiabilitiesLn 26$85K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$550K

Government grantsLn 1e$550K

Fees for servicesLn 2g$438K

Investment incomeLn 3$1K

Total revenueLn 12$989K

Assets in detailPt X, end of year

SavingsLn 2$47K

Cash and savings togetherLn 1–2$47K

Land, buildings, equipmentLn 10c$4.7M

Other assetsLn 15$401K

Total assetsLn 16$5.2M

LiabilitiesLn 26$85K

Net assetsLn 32$5.1M

OperationsPt I, VI

EmployeesI 58

VolunteersI 60

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$37K	$47K
Land, buildings, equipmentLn 10c	$5.0M	$4.7M
Total assetsLn 16	$5.3M	$5.2M
LiabilitiesLn 26	$90K	$85K
Net assetsLn 32	$5.2M	$5.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$218K	$110K	$108K
Pension plan contributionsLn 8	$8K	$4K	$4K
Other employee benefitsLn 9	$12K	$6K	$6K
Payroll taxesLn 10	$16K	$8K	$8K
Management feesLn 11a	$115K		$115K
Legal feesLn 11b	$350		$350
Accounting feesLn 11c	$32K		$32K
Depreciation, depletion and amortizationLn 22	$280K	$280K
InsuranceLn 23	$45K	$45K
Other expenses (24a–d)Ln 24	$367K	$354K	$12K
All other expensesLn 24e	$68K	$37K	$30K
Total functional expensesLn 25	$1.2M	$846K	$316K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$2.7M	$1.3M	$1.4M	$6.3M	990 PDF
FY2024	$1.1M	$1.2M	−$172K	$4.9M	990 PDF
FY2023	$1.5M	$1.2M	$250K	$5.1M	990 PDF
FY2022	$994K	$1.2M	−$240K	$4.8M	990 PDF
FY2021 Viewing	$989K	$1.2M	−$173K	$5.1M	990 PDF
FY2020	$915K	$1.2M	−$247K	$5.2M	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 $988,858 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $486,612$549,828

I-9 Program service revenuePrior year $425,221$437,701

I-10 Investment incomePrior year $2,850$1,329

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $914,683$988,858

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 $289,570$254,586

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $871,979$907,161

I-18 Total expensesPrior year $1,161,549$1,161,747

I-19 Revenue less expensesPrior year −$246,866−$172,889

Part VI · Governance 15 of 15 board members independent, 4 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $988,858 across 5 lines filed

VIII-1e Government grants$549,828

VIII-1h Total contributions, gifts and grants$549,828

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $437,701$437,701

VIII-3 Investment incomeExcluded from tax $1,329$1,329

VIII-12 Total revenueRelated to mission $437,701 · Unrelated business $0 · Excluded from tax $1,329$988,858

Part IX · Statement of functional expenses $1,161,747 across 11 lines filed

IX-7 Other salaries and wagesPrograms $110,368 · Management $108,063$218,431

IX-8 Pension plan contributionsPrograms $3,966 · Management $3,884$7,850

IX-9 Other employee benefitsPrograms $6,193 · Management $6,064$12,257

IX-10 Payroll taxesPrograms $8,109 · Management $7,939$16,048

IX-11a Management feesManagement $115,325$115,325

IX-11b Legal feesManagement $350$350

IX-11c Accounting feesManagement $31,864$31,864

IX-22 Depreciation, depletion and amortizationPrograms $279,980$279,980

IX-23 InsurancePrograms $45,461$45,461

IX-24 Other expenses (24a–d)Programs $354,460 · Management $12,156$366,616

IX-24e All other expensesPrograms $37,437 · Management $30,128$67,565

IX-25 Total functional expensesPrograms $845,974 · Management $315,773 · Fundraising $0$1,161,747

Part X · Balance sheet $5,153,076 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $37,150$47,388

X-9 Prepaid expenses and deferred chargesStart of year $17,480$17,763

X-10c Land, buildings and equipment, netStart of year $4,967,232$4,687,252

X-15 Other assetsStart of year $308,861$400,673

X-16 Total assetsStart of year $5,330,723$5,153,076

X-17 Accounts payable and accrued expensesStart of year $59,651$52,943

X-25 Other liabilitiesStart of year $30,582$32,532

X-26 Total liabilitiesStart of year $90,233$85,475

X-27 Net assets without donor restrictionsStart of year $5,240,490$5,067,601

X-32 Total net assets or fund balancesStart of year $5,240,490$5,067,601

X-33 Total liabilities and net assetsStart of year $5,330,723$5,153,076

Part XI · Reconciliation of net assets $5,067,601 net assets at year end

XI-1 Total revenue$988,858

XI-2 Total expenses$1,161,747

XI-3 Revenue less expenses−$172,889

XI-4 Net assets at start of year$5,240,490

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$5,067,601

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

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Verdugo Tower INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Verdugo Tower INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV