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Nonprofit · EIN 77-0057506

CORONEL PLACE INC

Tax-exempt · SANTA BARBARA, CA 93101

Financials

$508K$384K2023$520K$501K2024
Revenue Expenses · by fiscal year end
Financials of CORONEL PLACE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$520,175$501,268$18,907$1,563,417$880,621$682,796
December 31, 2023990$507,549$384,306$123,243$1,351,933$688,044$663,889
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$496,597
Investment income
$1,407
Net rental income
$22,171
Other revenue
$22,171

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$9,450
Program services (functional)
$488,331
Management and general (functional)
$12,937

Balance sheet and other

Total assets, start of year
$1,351,933
Total assets, end of year
$1,563,417
Total liabilities, end of year
$880,621
Net assets, end of year
$682,796
Land, buildings and equipment
$1,310,666
Net assets without donor restrictions
$682,796
Gross receipts
$520,175
Employees
0
Year formed
1983
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
CINDY YOUNGEXECUTIVE DIRECTOR3$0$145,729
ANDREW ROTEMANPresident
Trustee or director, Officer
0.2$0$0
HAZRA KAMALDirector
Trustee or director
0.2$0$0
HUGH HOLLISTreasurer
Trustee or director, Officer
0.2$0$0
TIM TAYLORDirector
Trustee or director
0.2$0$0
RAUL BAEZDirector
Trustee or director
0.2$0$0
STEVE GOLISDirector
Trustee or director
0.2$0$0
MARLEE KINGSecretary
Trustee or director, Officer
0.2$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgs
CINDY YOUNGEXECUTIVE DIRECTOR3$0$146,060
ANDREW ROTEMANPresident
Trustee or director, Officer
0.2$0$0
HAZRA KAMALDirector
Trustee or director
0.2$0$0
HUGH HOLLISTreasurer
Trustee or director, Officer
0.2$0$0
TIM TAYLORDirector
Trustee or director
0.2$0$0
RAUL BAEZDirector
Trustee or director
0.2$0$0
STEVE GOLISDirector
Trustee or director
0.2$0$0
MARLEE KINGSecretary
Trustee or director, Officer
0.2$0$0

Address and contacts

Address (IRS master file)
11 E HALEY ST, SANTA BARBARA, CA 93101-2315
Signed the 990
ANDREW ROTEMAN, President
Phone
(805) 963-9644
Return prepared by
SCHMIDTCHEN ALVARADO & CO

California records

California keeps its own records of charities and corporations. Search them by EIN 77-0057506 or by the name CORONEL PLACE INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE ORGANIZATION REDEVELOPED A 20 UNIT APARTMENT COMPLEX LOCATED IN SANTA BARBARA, CA. APPROXIMATELY 29% OF THE RENTAL REVENUE FROM TENANTS IS SUBSIDIZED BY THE HOUSING AUTHORITY.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION AND MAINTENANCE OF A 20 UNIT APARTMENT COMPLEX LOCATED IN SANTA BARBARA, CALIFORNIA WHICH SERVES PERSONS OF LOW TO MODERATE INCOME.
    Expenses $488,331 · revenue $496,597

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
77-0057506
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1987
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,563,417
Income (IRS master file)
$520,175

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$520,175$501,268$1,563,417XML
990December 2023$507,549$384,306$1,351,933XML
990December 2022$479,054$325,902$1,318,664IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0057506).

Questions about CORONEL PLACE INC

What is the EIN of CORONEL PLACE INC?
The employer identification number (EIN) of CORONEL PLACE INC is 77-0057506.
Is CORONEL PLACE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to CORONEL PLACE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORONEL PLACE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CORONEL PLACE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORONEL PLACE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of CORONEL PLACE INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does CORONEL PLACE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $520,175, expenses of $501,268 and total assets of $1,563,417 at year end.

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