Bancroft Senior Homes Inc in Oakland, California (CA)

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Bancroft Senior Homes Inc
Employer Identification Number (EIN)943286122
Name of OrganizationBancroft Senior Homes Inc
In Care of NameElissa Dennis
Address5636 Bancroft Ave, Oakland, CA 94605-1065
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date05/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2009
Assets$5,000,000 to $9,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,871,177
Amount of Income$570,483
Form 990 Revenue Amount$570,483
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Senior Citizens' Housing/Retirement Communities


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Amount of income in 2009: $570,483
Bancroft Senior Homes Inc: 

 $570,483
Other organizations performing similar types of work: 

 $472,802

Assets in 2009: $5,871,177
This organization: 

 $5,871,177
Other organizations performing similar types of work: 

 $1,498,541

Expenses in 2007: $670,562
Bancroft Senior Homes Inc: 

 $670,562
Other organizations performing similar types of work: 

 $453,232

Income to expenses ratio in 2007: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 84.8%
This organization: 

 84.8%
Other organizations performing similar types of work: 

 86.2%

Grants share in income in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200120022003200420052007
Total revenue$266,099$290,175$341,980$385,576$431,909$539,531
Contributions, gifts, grants, and similar amounts received$115,759$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$115,759$0$0$0$0$0
Program service revenue including government fees and contracts$149,928$289,797$333,624$383,424$428,118$536,559
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$412$378$8,356$2,152$3,791$2,972
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Total expenses$462,104$456,542$471,518$551,504$601,858$670,562
Program services$430,171$390,837$400,905$480,587$518,412$568,920
Management and general$31,933$65,705$70,613$70,917$83,446$101,642
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$-200,347$-366,714$-496,252$-662,180$-832,129$-1,114,078
Excess or (deficit) for the year$-196,005$-166,367$-129,538$-165,928$-169,949$-131,031
Net assets or fund balances at beginning of year$-4,342$-200,347$-366,714$-496,252$-662,180$-983,047
Other changes in net assets or fund balances$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$670,562$568,920$101,642$0
Grants paid from donor advised funds$0
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.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
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)$0$0$0$0
Salaries and wages of employees not included above$132,573$75,726$56,847$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$37,261$20,866$16,395$0
Payroll taxes$10,504$5,882$4,622$0
Professional fundraising fees$0$0$0$0
Accounting fees$9,350$0$9,350$0
Legal fees$0$0$0$0
Supplies$9,829$7,372$2,457$0
Telephone$8,683$6,512$2,171$0
Postage and shipping$0$0$0$0
Occupancy$68,260$68,260$0$0
Equipment rental and maintenance$3,927$3,927$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$4,031$4,031$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$183,661$174,478$9,183$0
Other expenses not covered above$202,483$201,866$617$0
Balance Sheets
200120022003200420052007
Total assets$7,451,574$6,767,780$6,609,656$6,461,449$6,286,506$6,003,189
Cash - non-interest-bearing$1,697$0$7,033$11,830$4,554$25,176
Savings and temporary cash investments$292,067$17,301$17,411$16,956$18,220$22,626
Accounts receivable less allowance for doubtful accounts$289$1,241$1,112$479$420$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$8,129$11,325$8,334$7,419$7,390$7,885
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$7,114,486$6,678,587$6,502,930$6,325,696$6,175,419$5,834,284
Other assets, including program-related investments$34,906$59,326$72,836$99,069$80,503$113,218
Total liabilities$7,651,921$7,134,494$7,105,908$7,123,629$7,118,635$7,117,267
Accounts payable and accrued expenses$52,036$30,816$16,305$32,080$30,257$25,266
Grants payable$0$0$0$0$0$0
Deferred revenue$7,534$7,957$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$6,979,447$7,079,447$7,074,447$7,074,447$7,069,447$7,069,447
Other liabilities$612,904$16,274$15,156$17,102$18,931$22,554
Total liabilities and net assets/fund balances$7,451,574$6,767,780$6,609,656$6,461,449$6,286,506$6,003,189
Total net assets or fund balances$-200,347$-366,714$-496,252$-662,180$-832,129$-1,114,078
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200120022003200420052007
Total revenue$266,099$290,175$341,980$385,576$431,909$539,531
Total revenue, gains, and other support per audited financial statements$266,099$290,175$341,980$386,685$431,909$539,531
Other expenses$0$0$0$1,109$0$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$1,109$0$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200120022003200420052007
Total expenses$462,104$456,542$471,518$551,504$601,858$670,562
Total expenses and losses per audited financial statements$462,104$456,542$471,518$552,613$601,858$670,562
Other revenue$0$0$0$1,109$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$1,109$0$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings1
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?No
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?No
Does the organization have a written conflict of interest policy?Yes
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?No
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)?No
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?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,972$536,559
Program service revenue
Program service revenue 1000000$000$0$4,534
Program service revenue 2000000$000$0$207,733
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$324,292
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)$2,972$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$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$000$0$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 2007)
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 2007)
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 2007)
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?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
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$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200020012002200320042006
Total$0$266,099$290,175$341,980$0$0
Gifts, grants, and contributions received$0$115,759$0$0$0$0
Membership fees received$0$0$0$0$0$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$149,928$289,797$333,624$0$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$412$378$8,356$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$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$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
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
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IdNameAddressStateEstablishedTotal Income
1Santa Clara Methodist Retirement Foundation Inc1655 Winchester Blvd, Campbell, CA 95008-1157CA1973-04$5,885,546
2Sierra Sunrise Senior Village Of Chico, Dba Terraces Of Chico2750 Sierra Sunrise Terr, Chico, CA 95928-3934CA1991-05$3,037,456
3Sunnyvale Life Inc450 Old San Francisco Rd, Sunnyvale, CA 94086-6392CA1975-03$2,458,517
4University Mound Old Ladies Home350 University St, San Francisco, CA 94134-1635CA1933-12$2,351,859
5Visalia Senior Housing303 Hegenberger Road, Oakland, CA 94621-1419CA1974-06$2,120,353
6Thelma Arms Inc Royal Adah Arms1240 Fillmore St, San Francisco, CA 94115-4160CA1972-04$1,950,609
7Wong Center Inc331 J Street, Sacramento, CA 95814-2211CA1977-06$1,873,050
8Wycliffe Plaza Inc1401 N Flower St, Santa Ana, CA 92706-3712CA1973-06$1,788,324
9Wilnor CorporationPO BOX 7070, Pasadena, CA 91109-7070CA1985-05$1,673,168
10Wesley Tower IncPO BOX 7070, Pasadena, CA 91109-7070CA1985-03$1,440,382
11Sebastopol Area Housing Corporation7777 Bodega Avenue, Sebastopol, CA 95472-3570CA1972-05$1,408,919
12Seaview Lutheran Plaza Inc3204 Rosemead Blvd, El Monte, CA 91731-2812CA1980-03$1,273,758
13Sojourner Truth Housing Inc6015 Martin Luther King Jr Way, Oakland, CA 94609-1469CA1976-06$1,099,221
14Rotary Manor1821 Fifth Avenue, San Rafael, CA 94901-1787CA1980-06$1,074,070
15Stovall Housing CorporationC/O 6224 W Manchester Ave, Los Angeles, CA 90045CA1985-04$1,065,668
16Telacu Senior Housing Of Los Angeles County5400 E Olympic Blvd Ste 300, Commerce, CA 90022-5187CA1987-01$909,460
17Westminster Manor Of San Diego Incorporated3990 Ruffin Rd Ste 100, San Diego, CA 92123-4805CA1969-01$903,928
18Rotary Haciendas IncPO BOX 95, San Mateo, CA 94401-0095CA1986-02$873,561
19The Turner Foundation - Since 1958PO BOX 186, Santa Barbara, CA 93102-0186CA1964-12$729,044
20Tallahassee Rhf Housing Inc911 N Studebaker Road, Long Beach, CA 90815-4900CA1983-10$691,689
Number of organizations performing similar types of work
Alaska1
Alabama16
Arkansas19
Arizona12
California149
Colorado16
Connecticut30
District of Columbia3
Delaware3
Florida47
Georgia25
Hawaii6
Iowa17
Idaho2
Illinois34
Indiana33
Kansas13
Kentucky22
Louisiana20
Massachusetts45
Maryland20
Maine23
Michigan45
Minnesota19
Missouri28
Mississippi13
Montana9
North Carolina27
North Dakota7
Nebraska8
New Hampshire4
New Jersey38
New Mexico4
Nevada6
New York92
Ohio70
Oklahoma15
Oregon9
Pennsylvania54
Rhode Island7
South Carolina8
South Dakota5
Tennessee21
Texas42
Utah5
Virginia20
Vermont3
Washington19
Wisconsin38
West Virginia5
Wyoming9
International1
Total1,187

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