Civic Intelligence

Sdc Eagan Town Center Inc

990 • Fiscal year 2014 • EIN 20-0471194

Jan 01, 2014 to Dec 31, 2014 • Filed on May 09, 2015

101 California St 26th FloorSan Francisco, CA 94111

(415) 781-3300

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2014 filings • 501(c)25 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

10th percentile

0.04x

Higher debt load relative to revenue than 10% of similar nonprofits.

2014 filings • 501(c)25 • $10M-$25M nonprofits • Source year 2014

Net Margin

29th percentile

29%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)25 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

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

2014 filings • $10M-$25M nonprofits • Source year 2014

Asset Growth

51st percentile

2.2%

Faster asset growth than 51% of similar nonprofits.

2014 filings • 501(c)25 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

61st percentile

8.3%

Faster revenue growth than 61% of similar nonprofits.

2014 filings • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$21,943,579

Up $470,130 (+2.2%) from 2013

Net Assets

Up

$21,855,062

Up $456,517 (+2.1%) from 2013

Liabilities

Up

$88,517

Up $13,613 (+18%) from 2013

Revenue

Up

$2,354,465

Up $181,271 (+8.3%) from 2013

Expenses

Up

$1,671,007

Up $66,474 (+4.1%) from 2013

Net Income

Up

$683,458

Up $114,797 (+20%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $19,440,590Liabilities 2010: $99,960Net Assets 2010: $19,340,6302010Assets 2011: $21,946,687Liabilities 2011: $355,745Net Assets 2011: $21,590,9422011Assets 2012: $22,803,575Liabilities 2012: $79,972Net Assets 2012: $22,723,6032012Assets 2013: $21,473,449Liabilities 2013: $74,904Net Assets 2013: $21,398,5452013Assets 2014: $21,943,579Liabilities 2014: $88,517Net Assets 2014: $21,855,0622014Assets 2015: $22,681,939Liabilities 2015: $192,443Net Assets 2015: $22,489,4962015Assets 2016: $21,729,306Liabilities 2016: $116,130Net Assets 2016: $21,613,1762016Assets 2017: $181,302Liabilities 2017: $13,665Net Assets 2017: $167,6372017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$21,943,579
Liabilities$88,517
Net Assets$21,855,062

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,471,9562010Expenses 2011: $1,487,3152011Expenses 2012: $1,607,2652012Revenue 2013: $2,173,194Expenses 2013: $1,604,533Net Income 2013: $568,6612013Revenue 2014: $2,354,465Expenses 2014: $1,671,007Net Income 2014: $683,4582014Revenue 2015: $2,279,386Expenses 2015: $1,806,443Net Income 2015: $472,9432015Revenue 2016: $2,418,255Expenses 2016: $1,618,831Net Income 2016: $799,4242016Revenue 2017: $1,439,395Expenses 2017: $451,199Net Income 2017: $988,1962017Revenue 2018: $0Expenses 2018: $47,533Net Income 2018: -$47,5332018

Highlighted filing

2014

Revenue$2,354,465
Expenses$1,671,007
Net Income$683,458
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 9, 2015
Return Version
2014v5.0
Gross Receipts
$2,354,465
Mission and Program Overview

Mission

Title Holding Corporation For Real Property

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$21,509,657$21,655,221▲ $145,564
Land, Buildings, and Equipment, Net$20,743,373$21,147,537▲ $404,164
Cash and Non-Interest-Bearing Accounts$369,286$431,374▲ $62,088
Rtn Earn Endowment Incm Other Fnds$-111,112$199,841▲ $310,953
Accounts Receivable$47,817$60,818▲ $13,001
Prepaid Expenses and Deferred Charges$33,858$35,037▲ $1,179
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$21,473,449$21,943,579▲ $470,130
Other Assets Total$279,115$268,813▼ $10,302
Liabilities
Accounts Payable and Accrued Expenses$54,832$62,538▲ $7,706
Other Liabilities$20,072$25,979▲ $5,907
Total Liabilities$74,904$88,517▲ $13,613
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,398,545$21,855,062▲ $456,517
Total Liabilities and Net Assets / Fund Balance$21,473,449$21,943,579▲ $470,130

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,129,826-$12,129,826
Land$7,135,310-$7,135,310
Leasehold Improvements$4,259,504-$4,259,504
Other Land Buildings$-2,377,103-$-2,377,103
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Supplemental InformationSee Supplementa

Highest Paid Contractors

ContractorServicesLocationCompensation
Rreef America LLCManagement101 California 26th Flr, San Francisco, CA 94111$148,284
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,354,465
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$683,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,671,007
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---$413,761
Other Expenses---$107,120
All Other Expenses---$84,322
Insurance---$50,702
Total Functional Expenses$0$0$0$1,671,007
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 Deposit$25,979
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

Filer Name
SDC Eagan Town Center Inc
EIN
20-0471194
Phone
4157813300
Address
101 California St 26th Floor, San Francisco, CA 94111

Signing Officer

Name
Aimee Samford
Title
CFO
Signed
2015-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aimee Samford
Formed
2003
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Comyns Smith McCleary & Deaver LLP
Address
3470 Mt Diablo Blvd A110, Lafayette, CA 94549
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. FelicianoVice President Darrell J. Campos Adolfo J. Diaz Timothy E. Ellsworth W. Todd Henderson Joseph Saunders Lance Taylor James E. Toney Anne-Marie VandenbergVice President & Treasurer Aimee SamfordVice President & Assistant Treasurer Margaret A. FlanaganSecretary Portia Guerin

Other Changes In Net Assets Or Fund Balances - Other Increases

Depreciation = $413761

Other Changes In Net Assets Or Fund Balances - Other Increases

Contributions-Advisor Fees = $145564

Other Changes In Net Assets Or Fund Balances - Other Decreases

Distribution of earnings = -$1100000

Financial Statement Notes

Part X : FIN48 Footnote

Taxpayer is included in a consolidated audit report with related entities (See Sch. 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 TaxesThe Account is made up of title holding companies that qualify as tax exempt under Internal Revenue Section 501(c)(25) and related state income tax law. Accordingly, the accompanying combined financial statements contain no provision for income taxes. If an uncertain income tax provision were to be identified, the Account would account for such in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740. No uncertain tax positions were identified in the current and prior year.

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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. FelicianoVice President Darrell J. Campos Adolfo J. Diaz Timothy E. Ellsworth W. Todd Henderson Joseph Saunders Lance Taylor James E. Toney Anne-Marie VandenbergVice President & Treasurer Aimee SamfordVice President & Assistant Treasurer Margaret A. FlanaganSecretary Portia Guerin
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 = $413761
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Contributions-Advisor Fees = $145564
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Distribution of earnings = -$1100000
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 Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0101 California St 26th Floor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0941115853
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IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021473449
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IRS990/TotalAssetsGrp/EOYAmt021943579
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01671007
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074904
IRS990/TotalLiabilitiesEOYAmt088517
IRS990/TotalLiabilitiesGrp/BOYAmt074904
IRS990/TotalLiabilitiesGrp/EOYAmt088517
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021398545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021855062
IRS990/TotalProgramServiceRevenueAmt02354465
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02354465
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02354465
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021473449
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021943579
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aimee Samford
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SDC Eagan Town Center Inc
ReturnHeader/Filer/BusinessNameControlTxt0SDCE
ReturnHeader/Filer/EIN0200471194
ReturnHeader/Filer/PhoneNum04157813300
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 California St 26th Floor
ReturnHeader/Filer/USAddress/CityNm0San Francisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094111
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Comyns Smith McCleary & Deaver LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03470 Mt Diablo Blvd A110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lafayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094549
ReturnHeader/PreparerPersonGrp/PhoneNum09252991040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan K Deaver
ReturnHeader/ReturnTs02015-05-09T09:41:24-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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