Program areas at SBCS Qalicb
SBCS QALICB was established in February 2023 to perform the functions of, and/or to carry out the purposes of, certain specified charitable organizations the primary purpose of which are to provide children, youth and families with services and programs which reinforce the familys role in our community and which assist individuals to aspire realistically to lives of self-fulfillment, which are organized and operated exclusively for charitable purposes within the meaning of Section 501(c)(3) of the Code.SBCS is constructing a new facility to lease the property as a qualified active low-income community business (the Project). Funding for the Project was secured from multiple sources and the funders required that a separate corporation hold the land and the building. Therefore, SBS QALICB was formed in 2023, to be operated at all times exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of SBCS. In 2023, SBCS QALICB acquired the land and building from SBCS at the financial closing date of May 4, 2023. Construction of the Project is expected to be completed during the year ended June 30, 2024.Construction of the new facility constitutes a qualified active low-income community business defined in Section 45D of the Internal Revenue Code of 1986, as amended (the Code) and was financed with qualified low-income community investment loans from CCP NMTC SUB-CDE XXI, LLC and Catalyst CDE-28, LLC and generated New Market Tax Credit financing.
Who funds SBCS Qalicb
Grants from foundations and other nonprofits
Financials for SBCS Qalicb
Revenues | FYE 06/2023 |
---|
Total grants, contributions, etc. | $1,922,759 |
Program services | $0 |
Investment income and dividends | $0 |
Tax-exempt bond proceeds | $0 |
Royalty revenue | $0 |
Net rental income | $0 |
Net gain from sale of non-inventory assets | $0 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous revenues | $0 |
Total revenues | $1,922,759 |
Organizations like SBCS Qalicb
Organization | Type | Location | Revenue |
---|
Family House Foundation | 501(c)(3) | San Francisco, CA | $3,734,757 |
Christ Centered Homes | 501(c)(3) | Atlanta, TX | $903,029 |
House of Freedom Support Corporation | 501(c)(3) | Baltimore, MD | $827,757 |
Madison Avenue | 501(c)(3) | Long Beach, CA | $2,904,918 |
Dreamkey Partners Mortgage | 501(c)(3) | Charlotte, NC | $501,361 |
Claremont Investment Management Company | 501(c)(3) | Claremont, CA | $5,574,100 |
St James Place of Baton Rouge Foundation | 501(c)(3) | Baton Rouge, LA | $1,597,657 |
1780 HCHQ | 501(c)(3) | Springfield, MA | $626,913 |
Rochester Presbyterian Home Foundation | 501(c)(3) | Rochester, NY | $755,847 |
Terwilliger Plaza Foundation | 501(c)(3) | Portland, OR | $722,908 |
Data update history
July 10, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsYouth service charitiesHousing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesChildrenHousing
Characteristics
Funds one specific organizationState / local levelTax deductible donationsNo full-time employees
General information
- Address
- 430 F St
- Chula Vista, CA 91910
- Metro area
- San Diego-Chula Vista-Carlsbad, CA
- County
- San Diego County, CA
- Phone
- (619) 420-3620
IRS details
- EIN
- 92-2728672
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2023
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L11: Housing and Shelter Single Organization Support
- NAICS code, primary
- 624110: Child and Youth Services
- Parent/child status
- Subordinate organization
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