American Gold Star Home in Long Beach, California (CA)

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American Gold Star Home
Employer Identification Number (EIN)952073905
Name of OrganizationAmerican Gold Star Home
Address3021 N Gold Star Dr, Long Beach, CA 90810-2708
ActivitiesHousing for the aged (see also 153), Care and housing for the aged (see also 382), Services for the aged (see also 153 ad 382)
SubsectionCharitable Organization
Ruling Date05/1961
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,564,760
Amount of Income$3,807,742
Form 990 Revenue Amount$579,315
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2012: $3,807,742
American Gold Star Home: 

 $3,807,742
Other organizations performing similar types of work: 

 $929,550

Assets in 2012: $14,564,760
American Gold Star Home: 

 $14,564,760
Other organizations performing similar types of work: 

 $2,622,114

Expenses in 2002: $572,548
American Gold Star Home: 

 $572,548
Other organizations performing similar types of work: 

 $951,207

Income to expenses ratio in 2002: 16.4
American Gold Star Home: 

 16.4
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 48.5%
American Gold Star Home: 

 48.5%
Other organizations performing similar types of work: 

 90.8%

Number of employees in 2002: 11
American Gold Star Home: 

 11
Other organizations performing similar types of work: 

 8

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2002
Total revenue$9,405,990
Contributions, gifts, grants, and similar amounts received$0
Contributions to donor advised funds
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$13,928
Dividends and interest from securities$252,398
Net rental income or (loss)$146,033
Gross rents$146,033
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$8,993,631
Gross amount from sales of assets other than inventory$12,118,424
Less: cost or other basis and sales expenses$3,124,793
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$0
Total expenses$572,548
Program services$277,652
Management and general$29,546
Fundraising$0
Payments to affiliates$265,350
Net assets or fund balances at end of year$13,617,203
Excess or (deficit) for the year$8,833,442
Net assets or fund balances at beginning of year$3,751,204
Other changes in net assets or fund balances$1,032,557
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$307,198$277,652$29,546$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$48,350$48,350$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$71,678$71,678$0$0
Pension plan contributions not included above$37,980$37,980$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$6,252$6,252$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$4,524$0$4,524$0
Legal fees$2,365$0$2,365$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$43,293$43,293$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$4,472$4,472$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$27,941$27,941$0$0
Other expenses not covered above$60,343$37,686$22,657$0
Balance Sheets
2002
Total assets$13,645,732
Cash - non-interest-bearing$0
Savings and temporary cash investments$722,151
Accounts receivable less allowance for doubtful accounts$56,537
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$1,385
Investments - publicly-traded securities
Investments - other securities$12,557,319
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$276,806
Other assets, including program-related investments$31,534
Total liabilities$28,529
Accounts payable and accrued expenses$27,987
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$542
Total liabilities and net assets/fund balances$13,645,732
Total net assets or fund balances$13,617,203
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002
Total revenue$9,405,990
Total revenue, gains, and other support per audited financial statements$10,438,547
Other expenses$1,032,557
Net unrealized gains on investments$1,032,557
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002
Total expenses$572,548
Total expenses and losses per audited financial statements$572,548
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200611
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$9,405,990$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$13,928$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$252,398$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$146,033$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$8,993,631$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
2001
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$579,315
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$267,103
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$312,212
Gross amount from sales of assets other than inventory (Securities / Other)$3,540,639 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,228,427 / $0
Gain or (loss) (Securities / Other)$312,212 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$841,405
Compensation of current officers, directors, trustees, and key employees$61,366
Other salaries and wages$3,106
Payroll taxes$3,990
Professional fundraising services$0
Other$772,943
Balance Sheet (for 2012)
Total assets$14,564,760
Total liabilities$16,691
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$16,691
Total net assets or fund balances$14,548,069
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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4Millennium Housing Corporation20 Pacifica Ste 1470, Irvine, CA 92618-7468CA2001-06$22,549,249
5Century Housing Corporation1000 Corporate Pointe Ste 200, Culver City, CA 90230-7610CA1996-02$21,203,817
6Linc Housing Corporation110 Pine Ave Ste 500, Long Beach, CA 90802-4408CA1995-01$15,374,848
7California Community Reinvestment Corporation225 W Broadway Ste 120, Glendale, CA 91204-1312CA1989-05$14,823,247
8Bridge Housing Corporation345 Spear St, San Francisco, CA 94105-1673CA1983-01$14,639,025
9Millennium Housing Of California, Corp For Affordable Comm & Homes20 Pacifica, Irvine, CA 92618-3371CA1996-07$13,024,714
10Single Room Occupancy Housing Corp1055 W 7th St Ste 3250, Los Angeles, CA 90017-2557CA1984-07$11,147,950
11Caritas Corporation5520 Trabuco Rd, Irvine, CA 92620-5705CA1996-10$9,572,728
12Community Housing Developers Inc1245 South Winchester Blvd Sui, San Jose, CA 95128-3908CA1979-09$8,154,224
13South County Community Builders Segue Construction Jv7455 Carmel St, Gilroy, CA 95020-5755CA1995-11$7,838,567
14A Community Of Friends3701 Wilshire Blvd Ste 700, Los Angeles, CA 90010-2813CA1989-03$7,793,918
15Corporate Fund For Housing110 Pine Ave Ste 500, Long Beach, CA 90802-4408CA1990-09$6,926,926
16Housing Partners I Incorporated715 E Brier Dr, Sn Bernrdno, CA 92408-2841CA1993-05$5,853,620
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18Orange County Community Housing Corp2024 N Broadway 3rd Fl, Santa Ana, CA 92706-2623CA1980-12$4,381,616
19American Gold Star Home3021 N Gold Star Dr, Long Beach, CA 90810-2708CA1961-05$3,807,742
20Augusta Homes400 N Mountain Ave Ste 205, Upland, CA 91786-5191CA1999-09$3,714,844
21Rincon De Los Esteros Inc75 E Santa Clara St Ste 1300, San Jose, CA 95113-1837CA1993-07$3,515,832
22Bay Vista Methodist Heights1940 54th St, San Diego, CA 92105-5406CA1996-04$3,247,802
23Mid-Peninsula Seven Trees Inc303 Vintage Park Dr Ste 250, Foster City, CA 94404-1176CA1994-08$2,831,074
24Pacific Southwest Community Development Corp16935 W Bernardo Dr Ste 238, San Diego, CA 92127-1636CA1996-03$2,566,914
25Augusta Communities400 N Mountain Ave Ste 205, Upland, CA 91786-5191CA1999-06$2,245,045
26Santa Barbara Community Housing Corporation11 E Haley St, Santa Barbara, CA 93101-2315CA1975-12$1,940,031
27San Tomas-Charities Housing Corporation1400 Parkmoor Ave Ste 190, San Jose, CA 95126-4893CA1946-03$1,887,382
28Decro Alpha Corporation5753-G E Santa Ana Canyn Rd Ste 574, Anaheim, CA 92807-3229CA1992-10$1,859,259
29San Diego County Building Trades Council Family Housing Corp No 12323 D Ave, National City, CA 91950-6730CA1968-07$1,803,074
30Civic Center Barrio Housing Corp980 W 17th St Ste E, Santa Ana, CA 92706-3570CA1981-04$1,798,243
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas9
Arizona7
California116
Colorado16
Connecticut18
District of Columbia5
Delaware5
Florida40
Georgia22
Hawaii2
Iowa7
Idaho2
Illinois33
Indiana13
Kansas4
Kentucky12
Louisiana13
Massachusetts40
Maryland22
Maine6
Michigan31
Minnesota30
Missouri11
Mississippi3
Montana3
North Carolina24
North Dakota1
Nebraska3
New Hampshire7
New Jersey14
New Mexico3
Nevada6
New York109
Ohio33
Oklahoma2
Oregon11
Pennsylvania34
Rhode Island6
South Carolina4
South Dakota2
Tennessee21
Texas43
Utah6
Virginia25
Vermont8
Washington15
Wisconsin16
West Virginia7
International2
Total876

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