ROLLAND CURTIS COMMERCIAL QALICB INC

Address
1149 S Hill Street No 700
Los Angeles, CA 90015
Contact
Phone: +1 (213) 225-2826
Nonprofit
EIN: 81-3992387
Year formed: 2016

Mission

Rolland Curtis Commercial QALICB, Inc. is a California nonprofit public benefit corporation formed to support Abode Communites, a California nonprofit corporation whose mission it is to create service-enhanced affordable housing and socially-beneficial community facilities that promote social, economic and physical transformation of underserved communities.
 2016
Basic features of the organization
Year of formation2016
Subsection code03
PF filing required0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00
Number of employees0
Number of people compensated >$100k0
Number of volunteers2
Number of highly compensated contractors0
Personnel
Benson, Holly
Titlesecretary/director
Name of key/compensated personholly benson
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org0.20
Reportable compensation from org$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00
Bonus and incentive reportable compensation$0.00
Other reportable compensation from org$0.00
Retirement and other deferred compensation$0.00
Nontaxable benefits from org$0.00
Compensation from org previously reported as deferred$0.00
Other comp, non-reportable, from org and related orgs$29,773.00
Sum of all compensation from org$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $182,056.00
Average hours per week working for related orgs42.80
Hughes, Robin
Titlepresident/director
Name of key/compensated personrobin hughes
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org0.20
Reportable compensation from org$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00
Bonus and incentive reportable compensation$0.00
Other reportable compensation from org$0.00
Retirement and other deferred compensation$0.00
Nontaxable benefits from org$0.00
Compensation from org previously reported as deferred$0.00
Other comp, non-reportable, from org and related orgs$29,808.00
Sum of all compensation from org$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $259,053.00
Average hours per week working for related orgs42.80
Krug, Kenneth
Titledirector
Name of key/compensated personkenneth krug
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.20
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.80
Saperstein, Rick
Titletreasurer/director
Name of key/compensated personrick saperstein
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org0.20
Reportable compensation from org$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00
Bonus and incentive reportable compensation$0.00
Other reportable compensation from org$0.00
Retirement and other deferred compensation$0.00
Nontaxable benefits from org$0.00
Compensation from org previously reported as deferred$0.00
Other comp, non-reportable, from org and related orgs$25,189.00
Sum of all compensation from org$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $200,654.00
Average hours per week working for related orgs42.80
Thielen, Ronne
Titlechairman/director
Name of key/compensated personronne thielen
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org0.20
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.80
Purpose: mission, activities, & accomplishments
Mission or significant activitiesRolland Curtis Commercial QALICB, Inc. is a California nonprofit public benefit corporation formed to support Abode Communites, a California nonprofit corporation whose mission it is to create service-enhanced affordable housing and socially-beneficial community facilities that promote social, economic and physical transformation of underserved communities.
Program service expenses, total$800.00
Programs, including revenue & expenses
To further its mission and increase its capacity to provide services to low-income families, the organization plans to long-term ground lease a portion of that certain tract of land located at 1060 exposition blvd., los angeles, CA, which is in a census tract that the organization has found to be characterized by economic distress and inadequate access to capital. in order to have a catalytic effect on economic development within the property area and surrounding low-income communities, the property will be developed and used (i) as a health center, which will provide quality and accessible patient-centered comprehensive health services for low-income individuals and families and (ii) as community-minded commercial retail space providing valuable resources for families residing near the property.
Program expenses$800.00
Program descriptionTo further its mission and increase its capacity to provide services to low-income families, the organization plans to long-term ground lease a portion of that certain tract of land located at 1060 exposition blvd., los angeles, CA, which is in a census tract that the organization has found to be characterized by economic distress and inadequate access to capital. in order to have a catalytic effect on economic development within the property area and surrounding low-income communities, the property will be developed and used (i) as a health center, which will provide quality and accessible patient-centered comprehensive health services for low-income individuals and families and (ii) as community-minded commercial retail space providing valuable resources for families residing near the property.
Financial data
Revenue
Total revenue$0.00
Investment income, current yr$0.00
Total revenue from grants, etc., current yr$0.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Net unrelated business taxable revenue$0.00
Gross receipts$0.00
Expense categories (totals)
Total functional expenses: sum of all$800.00
Total functional expenses: program service $800.00
Total functional expenses: management and general$0.00
Total functional expenses: fundraising$0.00
Fees for services
Fundraising service fees (total)$0.00
Assets and liabilities
Total assets$581,359.00
Total liabilities$582,159.00
Unrestricted net assets, end of yr-$800.00
Net assets-$800.00
Other liabilities$508,348.00
Other assets$581,359.00
Other financial variables
Revenue less expenses-$800.00
Accounts payable & accrued expenses$73,811.00
Total net assets or fund balances-$800.00
Governance and accountability
Number of voting members5
Number of independent voting members2
Financial sheets auditedTrue
Audit on consolidated basisTrue
Accrual accountingTrue
Tax year start date2016-01-01
Tax year end date2016-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
Reason for form submission
First filingTrue
Date e-filing submitted2018-01-02
IRS schema version2016v3.0
Filing identifier201713189349313441
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