Civic Intelligence

Commonwealth Crystal Holding II Inc

990 • Fiscal year 2016 • EIN 20-1027040

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

11777 SAN VICENTE BLVD Suite 900Los Angeles, CA 90049

(310) 820-6661

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.51x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

5.96x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • $100M-$250M nonprofits • Source year 2016

Net Margin

85th percentile

24%

Higher net margin than 85% of similar nonprofits.

2016 filings • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • $100M-$250M nonprofits • Source year 2016

Asset Growth

51st percentile

2.8%

Faster asset growth than 51% of similar nonprofits.

2016 filings • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-4.0%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$175,400,593

Up $4,773,966 (+2.8%) from 2015

Net Assets

Up

$85,446,728

Up $4,934,523 (+6.1%) from 2015

Liabilities

Down

$89,953,865

Down $160,557 (-0.2%) from 2015

Revenue

Down

$15,098,818

Down $635,840 (-4.0%) from 2015

Expenses

Up

$11,400,186

Up $259,387 (+2.3%) from 2015

Net Income

Down

$3,698,632

Down $895,227 (-19%) from 2015

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2011: $194,992,071Liabilities 2011: $112,184,087Net Assets 2011: $82,807,9842011Assets 2012: $193,803,169Liabilities 2012: $113,431,282Net Assets 2012: $80,371,8872012Assets 2013: $192,644,819Liabilities 2013: $111,588,661Net Assets 2013: $81,056,1582013Assets 2014: $168,572,420Liabilities 2014: $90,009,002Net Assets 2014: $78,563,4182014Assets 2015: $170,626,627Liabilities 2015: $90,114,422Net Assets 2015: $80,512,2052015Assets 2016: $175,400,593Liabilities 2016: $89,953,865Net Assets 2016: $85,446,7282016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$175,400,593
Liabilities$89,953,865
Net Assets$85,446,728

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2011: $19,035,984Expenses 2011: $15,677,082Net Income 2011: $3,358,9022011Revenue 2012: $17,908,012Expenses 2012: $12,489,098Net Income 2012: $5,418,9142012Revenue 2013: $17,189,313Expenses 2013: $11,192,143Net Income 2013: $5,997,1702013Revenue 2014: $15,265,453Expenses 2014: $10,934,121Net Income 2014: $4,331,3322014Revenue 2015: $15,734,658Expenses 2015: $11,140,799Net Income 2015: $4,593,8592015Revenue 2016: $15,098,818Expenses 2016: $11,400,186Net Income 2016: $3,698,6322016Revenue 2017: $9,135,097Expenses 2017: $6,505,691Net Income 2017: $2,629,4062017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2016

Revenue$15,098,818
Expenses$11,400,186
Net Income$3,698,632
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$15,098,818
Mission and Program Overview

Mission

Acquisition, ownership, and operatiion of real property in order to maximize the investment return of the pennsylvania state employees retirement system.

Real estate title holding company

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$158,169,885$162,470,661▲ $4,300,776
Pd in Cap Srpls Land Bldg Eqp Fund$113,597,336$113,609,324▲ $11,988
Intangible Assets$8,468,327$8,437,165▼ $31,162
Cash and Non-Interest-Bearing Accounts$3,175,985$3,123,973▼ $52,012
Prepaid Expenses and Deferred Charges$168,368$126,222▼ $42,146
Accounts Receivable$236,001$105,600▼ $130,401
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-33,085,131$-28,162,596▲ $4,922,535
Total Assets$170,626,627$175,400,593▲ $4,773,966
Other Assets Total$408,061$1,136,972▲ $728,911
Liabilities
Mortgage Notes Payable Secured by Investment Property$87,925,000$87,780,283▼ $144,717
Accounts Payable and Accrued Expenses$1,094,327$1,034,722▼ $59,605
Deferred Revenue$813,781$845,200▲ $31,419
Other Liabilities$281,314$293,660▲ $12,346
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$90,114,422$89,953,865▼ $160,557
Net Assets / Fund Balance
Total Net Assets Fund Balance$80,512,205$85,446,728▲ $4,934,523
Total Liabilities and Net Assets / Fund Balance$170,626,627$175,400,593▲ $4,773,966

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$165,875,925--
Other Land Buildings$-21,884,936--
Leasehold Improvements$18,479,672--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kerri A O'NeillDirector/Senior Vice president
Laurence WelshSenior Vice President
Mark RiversSenior Vice President
Benjamin SuitVice President
Matthew MasonVice President
David KalmanDirector
Mark McGrathDirector
Dona TanakaAssistant Secretary/asst. VP
Bleecker P Seaman IIIChief Executive Officer
Jeremy J IaccinoChief Financial Officer
Vicki P TuchmanSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
none---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,670,100
Investment Income
$1,966
Other Revenue
$2,426,752
Change in Net Assets
$3,698,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,400,186
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
Interest---$3,684,292
Fees for Services Management---$1,738,682
All Other Expenses---$1,348,690
Depreciation Depletion---$566,640
Other Expenses---$457,046
Insurance---$267,474
Office Expenses---$90,877
Advertising---$74,501
Fees for Services Accounting---$15,822
Fees for Services Other---$8,939
Fees for Services Legal---$197
Total Functional Expenses$0$0$0$11,400,186
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Secutity Deposits$293,660
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

All officers and directors listed on schedule vii have a business relationship.

FORM 990, PART VI, SECTION A, LINE 3:

Lowe enterprises investors, an unrelated organization, was engaged to perform certain management services in connection with the operation of and for the benefit of commonwealth crystal holdings ii. Commonwealth crystal holdings ii retains ultimate responsibility for supervising the operations of commonwealth crystal holdings ii and making policy decisions.

FORM 990, PART VI, SECTION B, LINE 11:

The form 990 was prepared by an independent outside accounting firm. The form 990 was reviewed by the designated officer.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its form 990 available to the public upon request during regular business hours. Additionally, its form 990 can also be found on www.guidestar.org. Other organizational documents, such as governing documents or conflict of interest policies, are not made available to the public at this time.

FORM 990,PART VII:

The officers listed on part vii were compensated by the pennsylvania state employees retirement system (pasers). The organization requested the compensation information from its controlling entity. However, after makingf a reasonable effort, the filing organization determined that the information was not avaialable at this time.

Filing and Contact Details

Filer

Filer Name
Commonwealth Crystal Holding Ii Inc
EIN
20-1027040
In Care Of
% MATT MASON
Phone
3108206661
Address
11777 SAN VICENTE BLVD Suite 900, LOS ANGELES, CA 90049

Signing Officer

Name
Matt Mason
Title
VP
Phone
3108206661
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bleecker P Seaman Iii
Formed
2004
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Holthouse Carlin & Van Trigt Llp
Address
350 W COLORADO BLVD 5TH FLOOR, PASADENA, CA 91105
Preparer
David Smith
Phone
6262435100
Supplemental Narrative

Additional Explanations

PART 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

Capital contributions 11,987 total to form 990, part xi, line 9 11,987

Form 990 Part IX Line 24 - Other Expenses

Description:miscellaneous expenses total expenses:361917

Form 990 Part IX Line 24 - Other Expenses

Description:maintenance total expenses:186684

Form 990 Part IX Line 24 - Other Expenses

Description:repairs total expenses:144022

Form 990 Part IX Line 24 - Other Expenses

Description:trash removal total expenses:68536

Form 990 Part IX Line 24 - Other Expenses

Description:painting total expenses:91982

Form 990 Part IX Line 24 - Other Expenses

Description:tenant relations total expenses:27339

Form 990 Part IX Line 24 - Other Expenses

Description:cleaning total expenses:72791

Form 990 Part IX Line 24 - Other Expenses

Description:security total expenses:382894

Form 990 Part IX Line 24 - Other Expenses

Description:dues & subscriptions total expenses:12525

Financial Statement Notes

PART X, LINE 2:

The fund is required to analyze all open tax years for uncertain tax positions. Open tax years are those that are open for examination by the relevant income taxing authority. As of december 31, 2016, open federal income tax years include the tax years ended december 31, 2011 through december 31, 2016. The fund has reviewed all open tax years and major jurisdictions and concluded that the adoption of accounting standards codification 740 income taxes, resulted in no effect to the fund's combined financial position or results of operations.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS REQUIRED TO ANALYZE ALL OPEN TAX YEARS FOR UNCERTAIN TAX POSITIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAMINATION BY THE RELEVANT INCOME TAXING AUTHORITY. AS OF DECEMBER 31, 2016, OPEN FEDERAL INCOME TAX YEARS INCLUDE THE TAX YEARS ENDED DECEMBER 31, 2011 THROUGH DECEMBER 31, 2016. THE FUND HAS REVIEWED ALL OPEN TAX YEARS AND MAJOR JURISDICTIONS AND CONCLUDED THAT THE ADOPTION OF ACCOUNTING STANDARDS CODIFICATION 740 INCOME TAXES, RESULTED IN NO EFFECT TO THE FUND'S COMBINED FINANCIAL POSITION OR RESULTS OF OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OFFICERS AND DIRECTORS LISTED ON SCHEDULE VII HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LOWE ENTERPRISES INVESTORS, AN UNRELATED ORGANIZATION, WAS ENGAGED TO PERFORM CERTAIN MANAGEMENT SERVICES IN CONNECTION WITH THE OPERATION OF AND FOR THE BENEFIT OF COMMONWEALTH CRYSTAL HOLDINGS II. COMMONWEALTH CRYSTAL HOLDINGS II RETAINS ULTIMATE RESPONSIBILITY FOR SUPERVISING THE OPERATIONS OF COMMONWEALTH CRYSTAL HOLDINGS II AND MAKING POLICY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY AN INDEPENDENT OUTSIDE ACCOUNTING FIRM. THE FORM 990 WAS REVIEWED BY THE DESIGNATED OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST DURING REGULAR BUSINESS HOURS. ADDITIONALLY, ITS FORM 990 CAN ALSO BE FOUND ON WWW.GUIDESTAR.ORG. OTHER ORGANIZATIONAL DOCUMENTS, SUCH AS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICIES, ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICERS LISTED ON PART VII WERE COMPENSATED BY THE PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM (PASERS). THE ORGANIZATION REQUESTED THE COMPENSATION INFORMATION FROM ITS CONTROLLING ENTITY. HOWEVER, AFTER MAKINGF A REASONABLE EFFORT, THE FILING ORGANIZATION DETERMINED THAT THE INFORMATION WAS NOT AVAIALABLE AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CAPITAL CONTRIBUTIONS 11,987 TOTAL TO FORM 990, PART XI, LINE 9 11,987
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:MISCELLANEOUS EXPENSES TOTAL EXPENSES:361917
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:MAINTENANCE TOTAL EXPENSES:186684
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:REPAIRS TOTAL EXPENSES:144022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:TRASH REMOVAL TOTAL EXPENSES:68536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:PAINTING TOTAL EXPENSES:91982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:TENANT RELATIONS TOTAL EXPENSES:27339
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DESCRIPTION:CLEANING TOTAL EXPENSES:72791
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DESCRIPTION:SECURITY TOTAL EXPENSES:382894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14DESCRIPTION:DUES & SUBSCRIPTIONS TOTAL EXPENSES:12525
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990,PART VII:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART 990, PART XI, LINE 9, CHANGES IN NET ASSETS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990 PART IX LINE 24 - OTHER EXPENSES
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