2024-11-15T11:52:14-08:00 2023-12-31 204723449 MESERET Y ZELEKE CPA 521 EL CERRITO PLAZA STE 521 EL CERRITO CA 94530 990 2023-01-01 943259402 North Richmond Senior Housing Inc NORT 5104129290 1535 Fred Jackson Way Richmond CA 94801 Charles Fowlkes CFO 2024-11-15 true true Meseret Y Zeleke P01282958 5105271910 X 2023 2024-10-15 13:58:12Z 1535 Fred Jackson Way Richmond CA 94801 504213 false X N/A CA The Organization's mission is to provide senior housing for seniors in the area of Richmond, California. 6 0 0 0 289879 285913 178831 216516 217 1784 0 468927 504213 0 0 65160 135440 0 0 632311 661536 697471 796976 -228544 -292763 3549131 3326206 7487943 7557781 -3938812 -4231575 The Organization's mission is to provide senior housing for seniors in the area of Richmond, California. false false 645123 The Organization operates a senior housing project, consisting of 52 units subsidized by HUD, located in the City of Richmond California. 645123 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 0 false false false false false false false 0 false false false false false false false X 6 0 false true false false false false false true false false false true true true true true false true true false CA X NREDC 5104129290 1535 Fred Jackson Way Richmond CA 94801 X Annie M King - Meredith Member 1.00 0.00 X 0 0 0 Fred Lambright Treasurer 1.00 0.00 X 0 0 0 Marena Brown Member 1.00 0.00 X 0 0 0 Jenny Hicks President 1.00 0.00 X 0 0 0 Larry Taylor Vice President 1.00 0.00 X 0 0 0 Maria Benjamin Secretary 1.00 0.00 X 0 0 0 0 false false false 0 285913 285913 Laundry & Other Program 812300 6985 6985 Rent 532000 209531 209531 216516 1784 1784 0 0 0 0 0 0 0 0 504213 216516 1784 X 0 0 0 0 0 0 108065 81049 27016 0 15646 11735 3911 11729 8797 2932 40560 40560 2364 2364 16298 16298 0 0 0 0 0 15579 11684 3895 0 0 0 0 0 1903 1903 58572 43929 14643 0 0 48876 36657 12219 Depreciation 166017 124513 41504 Security Contract 85696 85696 Nursing & Elderly Expenses 50065 50065 Repair and maintenance 48233 48233 127373 97938 29435 796976 645123 151853 0 68122 12005 0 0 19021 34376 0 0 0 0 11246 12187 6425977 3610927 2924886 2815050 0 0 0 0 525856 452588 3549131 3326206 40944 49085 5989560 5989560 1457439 1519136 7487943 7557781 X -4449231 -4664769 510419 433194 -3938812 -4231575 3549131 3326206 -292763 X false true X false true true X 318268 281853 308419 289879 285913 1484332 0 0 318268 281853 308419 289879 285913 1484332 0 1484332 805 284 99 217 1784 3189 0 10257 8306 6084 3851 6985 35483 1523004 0.97460 0.97910 X 493400 493400 5492072 3235824 2256248 138494 119276 19218 9297 3874 5423 292714 251953 40761 2815050 Minimum capital 160833 Reserve for replacements 199611 Residual receipts 72750 Rounding 1 Tenant Deposits 19393 452588 Accrued Interest 1466993 Payable to related party 32516 Prepaid Rent 960 Tenant Deposit Held in Trust 18667 1519136 X 504213 504213 504213 796976 796976 796976 Part X : FIN48 Footnote Management of the Project has processes presently in place to ensure the maintenance of its tax-exempt status; and tax obligations for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. Management has evaluated their tax positions and related income tax contingencies. Management does not believe that any material uncertain tax positions exist. Form 990, Part VI, Section A, Line 3 The day-to-day operations of the apartment complex are handled by a managing agent, North Richmond Economic Development Corporation (NREDC) located in Richmond California. Form 990, Part VI, Section B, Line 11b The Form 990 be presented by the CFO to the governing board for review and approval and sign by the president of the governing board or by the CFO. Form 990, Part VI, Section B, Line 12c Officers, directors and key employees are required to complete a form and/or to disclose possible conflicts of interest and review by the board of directors. Form 990, Part VI, Section B, Line 15a The Board of Directors review and approve compensation. Form 990, Part VI, Section B, Line 15b The Board of Directors review and approve compensation. Form 990, Part VI, Section C, Line 19 Only upon request. Form 990, Part IX, Line 24e Bad Debts: Column (A) - Total = $8614; Column (B) - Program Services = $8614; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e License & Permits: Column (A) - Total = $3611; Column (B) - Program Services = $0; Column (C) - Management & General = $3611; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Other Admin Expense: Column (A) - Total = $2076; Column (B) - Program Services = $1038; Column (C) - Management & General = $1038; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Other Renting Expense: Column (A) - Total = $1563; Column (B) - Program Services = $1563; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Payroll and Bank Service Fee: Column (A) - Total = $2094; Column (B) - Program Services = $0; Column (C) - Management & General = $2094; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Property Taxes: Column (A) - Total = $36699; Column (B) - Program Services = $27524; Column (C) - Management & General = $9175; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Resident Avtivities: Column (A) - Total = $282; Column (B) - Program Services = $282; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Telephone: Column (A) - Total = $10300; Column (B) - Program Services = $7725; Column (C) - Management & General = $2575; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Trash Removal: Column (A) - Total = $18367; Column (B) - Program Services = $18367; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Utilities: Column (A) - Total = $43767; Column (B) - Program Services = $32825; Column (C) - Management & General = $10942; Column (D) - Fundraising = $0