Civic Intelligence

Sdco St Martin Inc

990 • Fiscal year 2013 • EIN 06-1646002

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

101 California St 26th FloorChicago, IL 94111

(415) 781-3300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.01x

Higher debt load relative to assets than 8% of similar nonprofits.

2013 filings • 501(c)25 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Source year 2013

Net Margin

28th percentile

29%

Higher net margin than 28% of similar nonprofits.

2013 filings • 501(c)25 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • $10M-$25M nonprofits • Source year 2013

Asset Growth

57th percentile

3.8%

Faster asset growth than 57% of similar nonprofits.

2013 filings • 501(c)25 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

41st percentile

1.6%

Faster revenue growth than 41% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Annualized from 2012 to 2013

Assets

Up

$17,424,965

Up $638,610 (+3.8%) from 2012

Net Assets

Up

$17,336,683

Up $727,842 (+4.4%) from 2012

Liabilities

Down

$88,282

Down $89,232 (-50%) from 2012

Revenue

Up

$1,764,699

Up $27,848 (+1.6%) from 2012

Expenses

Up

$1,254,104

Up $38,060 (+3.1%) from 2012

Net Income

Down

$510,595

Down $10,212 (-2.0%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $14,240,481Liabilities 2010: $219,930Net Assets 2010: $14,020,5512010Assets 2011: $15,012,469Liabilities 2011: $123,027Net Assets 2011: $14,889,4422011Assets 2012: $16,786,355Liabilities 2012: $177,514Net Assets 2012: $16,608,8412012Assets 2013: $17,424,965Liabilities 2013: $88,282Net Assets 2013: $17,336,6832013Assets 2014: $18,649,230Liabilities 2014: $54,488Net Assets 2014: $18,594,7422014Assets 2015: $18,962,060Liabilities 2015: $970,758Net Assets 2015: $17,991,3022015Assets 2016: $67,354Liabilities 2016: $8,136Net Assets 2016: $59,2182016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2013

Assets$17,424,965
Liabilities$88,282
Net Assets$17,336,683

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $921,6942010Expenses 2011: $1,076,8792011Revenue 2012: $1,736,851Expenses 2012: $1,216,044Net Income 2012: $520,8072012Revenue 2013: $1,764,699Expenses 2013: $1,254,104Net Income 2013: $510,5952013Revenue 2014: $1,964,786Expenses 2014: $1,026,413Net Income 2014: $938,3732014Revenue 2015: $2,469,121Expenses 2015: $919,679Net Income 2015: $1,549,4422015Revenue 2016: $7,222,596Expenses 2016: $174,512Net Income 2016: $7,048,0842016Revenue 2017: $7,921Expenses 2017: $12,944Net Income 2017: -$5,0232017

Highlighted filing

2013

Revenue$1,764,699
Expenses$1,254,104
Net Income$510,595
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$1,764,699
Mission and Program Overview

Mission

Title Holding Corporation For Real Property

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,950,000$16,750,000▲ $800,000
Cap Stk Tr Prin Current Funds$12,997,935$12,997,935→ $0
Rtn Earn Endowment Incm Other Fnds$3,610,906$4,338,748▲ $727,842
Cash and Non-Interest-Bearing Accounts$601,819$621,028▲ $19,209
Accounts Receivable$202,592$54,133▼ $148,459
Prepaid Expenses and Deferred Charges$18,105$15,725▼ $2,380
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$16,786,355$17,424,965▲ $638,610
Other Assets Total$13,839$-15,921▼ $29,760
Liabilities
Accounts Payable and Accrued Expenses$131,364$70,632▼ $60,732
Other Liabilities$46,150$17,650▼ $28,500
Total Liabilities$177,514$88,282▼ $89,232
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,608,841$17,336,683▲ $727,842
Total Liabilities and Net Assets / Fund Balance$16,786,355$17,424,965▲ $638,610

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,017,722-$9,017,722
Land$3,254,803-$3,254,803
Leasehold Improvements$2,601,032-$2,601,032
Other Land Buildings$1,876,443-$1,876,443
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Supplemental InformationSee Supplementa

Highest Paid Contractors

ContractorServicesLocationCompensation
Seyfarth Shaw LLPLegal-$532,965
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,764,699
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$510,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,254,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$288,916
Other Expenses---$43,645
All Other Expenses---$17,904
Total Functional Expenses$0$0$0$1,254,104
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$17,650
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

All management duties and management decision making of the taxpayer is delegated to Rreef America, LLC and Rreef Management, LLC pursuant to the terms of certain management agreements.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All employees of RReef Management, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

EIN
06-1646002
Phone
4157813300

Signing Officer

Name
Marlena Casellini
Title
CFO
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlena Casellini
Formed
2002
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Preparer
Dan K Deaver
Phone
9252991040
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.OFFICERS AND DIRECTORSDIRECTOR Marc L. FelicianoOFFICERSPresident Marc L. Feliciano VP Darrell J. Campos David Crane Adolfo Diaz Timothy Ellsworth W. Todd Henderson Robert D. Seaman James E. Toney Anne-Marie VandenbergVice President & Treasurer Marlena M. CaselliniVice President& Assistant Aimee E. SamfordTreasurer Secretary Portia J. GuerinAssistant Secretary Kimberly M. Band

Other Changes In Net Assets Or Fund Balances - Other Increases

Depreciation = $288916

Other Changes In Net Assets Or Fund Balances - Other Decreases

Distribution of earnings = -$475000

Other Changes In Net Assets Or Fund Balances - Other Decreases

Distribution to separate acct = -$200000

Financial Statement Notes

Part X : FIN48 Footnote

Taxpayer is included in a consolidated audit report with related entities (See Schedule R) and no liability for uncertain tax positions under FASB ASC 740 has been included. What follows is the text of the footnote included in such financial statements with respect to income taxes:Income Taxes - The Account has been classified as a qualified trust under Section 401(a) of the Internal Revenue Code of 1986 (the Code), and Management believes it continues to comply with the requirements of Section 501(a) of the Code. Accordingly, the Account is exempt from income taxes and no income tax provision is provided. If an uncertain tax position were to be identified, the Account would account for such in accordance with Accounting Standards Codification (ASC) Topic 740, Income Taxes. No uncertain positions were identified in the current and prior year.

Raw XML Appendix375 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.OFFICERS AND DIRECTORSDIRECTOR Marc L. FelicianoOFFICERSPresident Marc L. Feliciano VP Darrell J. Campos David Crane Adolfo Diaz Timothy Ellsworth W. Todd Henderson Robert D. Seaman James E. Toney Anne-Marie VandenbergVice President & Treasurer Marlena M. CaselliniVice President& Assistant Aimee E. SamfordTreasurer Secretary Portia J. GuerinAssistant Secretary Kimberly M. Band
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All management duties and management decision making of the taxpayer is delegated to Rreef America, LLC and Rreef Management, LLC pursuant to the terms of certain management agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All employees of RReef Management, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Depreciation = $288916
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Distribution of earnings = -$475000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Distribution to separate acct = -$200000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0451782228
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Real Estate
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10One Jefferson LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine101900 S Norfolk St 150
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City0San Mateo
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode094403
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10See Attached Schedule
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10101 California St 26th Floor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode0941115853
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016786355
IRS990/TotalAssetsEOYAmt017424965
IRS990/TotalAssetsGrp/BOYAmt016786355
IRS990/TotalAssetsGrp/EOYAmt017424965
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01254104
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0177514
IRS990/TotalLiabilitiesEOYAmt088282
IRS990/TotalLiabilitiesGrp/BOYAmt0177514
IRS990/TotalLiabilitiesGrp/EOYAmt088282
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016608841
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017336683
IRS990/TotalProgramServiceRevenueAmt01764699
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01764699
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01764699
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016786355
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017424965
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Marlena Casellini
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10SDCO St Martin Inc
ReturnHeader/Filer/BusinessNameControlTxt0SDCO
ReturnHeader/Filer/EIN0061646002
ReturnHeader/Filer/PhoneNum04157813300
ReturnHeader/Filer/USAddress/AddressLine10101 California St 26th Floor
ReturnHeader/Filer/USAddress/City0San Francisco
ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode094111
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Comyns Smith McCleary & Deaver LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103470 Mt Diablo Blvd A110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Lafayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode094549
ReturnHeader/PreparerPersonGrp/PhoneNum09252991040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan K Deaver
ReturnHeader/ReturnTs02014-05-13T08:05:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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