2024-11-12T15:50:13-06:00 2023-12-31 350921680 CROWE LLP 650 TOWN CENTER DRIVE SUITE 740 COSTA MESA CA 926267192 990 2023-01-01 264381844 GLENNWOOD HOUSING FOUNDATION INC GLEN 9493331431 2130 SOUTH COAST HIGHWAY LAGUNA BEACH CA 92651 FAITH MANNERS CEO 9493331431 2024-11-10 1 0 JIM NAGENGAST P00481816 7146681234 2024-11-12 2023 2024-10-15 13:58:12Z FAITH MANNERS 2130 SOUTH COAST HIGHWAY LAGUNA BEACH CA 92651 3628237 0 X WWW.GLENNWOODHOUSING.ORG X 2009 CA PROVIDE NONPROFIT HOUSING AND SUPPORTED LIVING FOR ADULTS WITH SPECIAL NEEDS WITH AN EMPHASIS ON COMMUNITY. 7 7 42 0 0 0 1372693 1532496 1695949 1897355 80 53 0 0 3068722 3429904 0 0 0 0 1401627 1531172 0 0 64399 1518456 1576098 2920083 3107270 148639 322634 10112053 9877457 6303676 5746447 3808377 4131010 PROVIDE NONPROFIT HOUSING AND SUPPORTED LIVING FOR ADULTS WITH SPECIAL NEEDS WITH AN EMPHASIS ON COMMUNITY. 0 0 2630019 1897355 THE FOUNDATION PROVIDES AN INDEPENDENT LIVING RESIDENCE AND SUPPORTED LIVING SERVICES TO ADULTS WITH DEVELOPMENTAL/ INTELLECTUAL DISABILITIES. THE FOUNDATION'S FACILITY INCLUDES 44 STUDIO ROOMS, AND HOUSES ADULTS AGES 18 AND OLDER WITH INTELLECTUAL, PHYSICAL, AND/OR DEVELOPMENTAL DISABILITIES. 2630019 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 29 0 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 CA X FAITH MANNERS 9493331431 2130 SOUTH COAST HIGHWAY LAGUNA BEACH CA 92651 MAARTEN VOOGD CHAIR 2.00 X X 0 0 0 JEFF MEBERG BOARDMEMBER 1.00 X 0 0 0 DAVID PERRY BOARDMEMBER 2.00 X 0 0 0 RALPH CLAYMAN BOARDMEMBER 1.00 X 0 0 0 RICHARD HENRIKSON BOARDMEMBER 1.00 X 0 0 0 RICH FAIR BOARDMEMBER 2.00 X 0 0 0 FAITH MANNERS CEO 40.00 X 143212 0 0 DEBBIE NEEV TREASURY 2.00 X 0 0 0 143212 0 0 1 0 0 0 0 198238 1334258 1532496 RENT AND BOARD INCOME 623990 1897355 1897355 1897355 53 53 198333 198238 198333 0 3429904 1897355 0 53 143212 143212 1138743 946450 166654 25639 137448 116831 17868 2749 111769 95004 14530 2235 9115 5834 3281 173654 111139 62515 65739 65739 12467 12467 15016 12764 1952 300 192551 163668 25032 3851 169700 144245 22061 3394 44520 26713 17807 RESIDENT FOOD, CARE, AN 399929 399929 0 0 REPAIRING AND MAINTENAN 230679 196077 29988 4614 UTILITIES, CABLE, INTER 126617 107625 16460 2532 FEES - BANK, LOAN, AND 75645 64298 9834 1513 60466 30491 24870 5105 3107270 2630019 412852 64399 1053005 1068661 193549 85724 1507 31038 9989898 1301689 8853667 8688209 10325 3825 10112053 9877457 150192 136588 5990718 5491759 162766 118100 6303676 5746447 X 3786499 3984132 21878 146878 3808377 4131010 10112053 9877457 322634 0 X 1 X 1 X 1 0 X 619390 1601745 2593170 1372693 1532496 7719494 619390 1601745 2593170 1372693 1532496 7719494 7719494 29 160 470 80 53 792 7720286 8321609 0.99990 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5141074 5141074 4590762 1086027 3504735 258062 215662 42400 8688209 DEPOSIT PAYABLE 41976 DEFERRED RENT 76124 118100 X 3429904 0 3429904 0 3429904 3107270 0 3107270 0 3107270 PART X, LINE 2: THE FOUNDATION ANNUALLY EVALUATES TAX POSITIONS AS PART OF THE PREPARATION OF ITS EXEMPT TAX RETURN. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS THE FOUNDATION TAKES WITH REGARD TO A PARTICULAR ITEM OF INCOME OR DEDUCTION WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER CURRENT ACCOUNTING GUIDANCE. THE FOUNDATION BELIEVES ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSES AND PENALTIES IN OPERATING EXPENSES. AT DECEMBER 31, 2023, THE FOUNDATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 2B - DONATED SERVICE AND USE OF FACILITIES DONATED NONCASH ASSETS, SUCH AS THE USE OF FACILITIES AND SUPPLIES, ARE RECORDED AT THEIR FAIR VALUES IN THE PERIOD RECEIVED. DONATIONS OF SERVICES ARE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE SERVICES RECEIVED: (1) CREATE OR ENHANCE NONFINANCIAL ASSETS OR REQUIRE SPECIALIZED SKILLS; (2) ARE PROVIDED BY INDIVIDUALS POSSESSING THOSE SKILLS; AND (3) WOULD TYPICALLY NEED TO BE PURCHASED IF NOT PROVIDED BY DONATION. OTHER VOLUNTEER SERVICES THAT DO NOT MEET THESE CRITERIA ARE NOT RECOGNIZED IN THE FINANCIAL STATEMENTS AS THERE IS NO OBJECTIVE BASIS FOR DERIVING THEIR VALUE. FOR THE YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION DID NOT RECEIVE ANY DONATED SUPPLIES OR SERVICES X X 0 CA SPECIAL EVENTS 396571 198238 198333 198333 396571 198238 198333 198333 198333 0 SEE STATEMENT IN PART V SON OF BOARD MEMBER 6000 SEE STATEMENT IN PART V 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSON THE SON OF A BOARD MEMBER PROVIDED PROFESSIONAL SERVICES DURING 2023 TO THE FOUNDATION TOTALING $6,000 WHICH IS RECORDED IN MANAGEMENT AND GENERAL. THE BROTHER OF THE CHIEF EXECUTIVE OFFICER PROVIDED SERVICES DURING 2023 FOR WHICH THE FOUNDATION PAID $400 WHICH IS RECORDED IN MANAGEMENT AND GENERAL. TWO BOARD MEMBERS ALSO PAID A TOTAL OF $80,400 RELATED TO ROOM AND BOARD INCOME. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND BOARD THOROUGHLY REVEIW THE TAX INFORMATION PROVIDED TO US BY OUR CPA. ANY QUESTIONS OR ISSUES ARE THEN BROUGHT TO THE ATTENTION OF OUR CPA FOR CLARIFICATION. WE DO NOT FILE THE RETURNS UNTIL MANAGEMENT, THE BOARD, AND THE CPA ARE IN AGREEMENT THAT THE TAX RETURNS ARE ACCURATE. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR EXECUTIVES AND STAFF ARE BASED ON REASONABLE STANDARDS AND PAY SCALES FOR EQUIVALENT POSITIONS IN THE INDUSTRY. AN INDIVIDUAL'S CREDENTIALS ARE WEIGHTED AND FACTORED INTO THE DETERMINATION OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, TAX RETURNS, AND OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC WITH APPLICABLE LAW.