Civic Intelligence

Grace Commons Inc.

990 • Fiscal year 2017 • EIN 20-1967815

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 29, 2017

Organization ProfileN/A
380 Encinal Street Suite 200Santa Cruz, CA 95060

(831) 469-1700

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.57x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

14.51x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

2nd percentile

-122%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

23rd percentile

-3.7%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

4.3%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$3,560,081

Down $136,833 (-3.7%) from 2016

Net Assets

Down

$1,513,042

Down $171,590 (-10%) from 2016

Liabilities

Up

$2,047,039

Up $34,757 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Up

$141,078

Up $5,833 (+4.3%) from 2016

Expenses

Up

$312,668

Up $12,247 (+4.1%) from 2016

Net Income

Down

-$171,590

Down $6,414 (-3.9%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $4,185,349Liabilities 2012: $1,839,589Net Assets 2012: $2,345,7602012Assets 2013: $4,060,942Liabilities 2013: $1,878,944Net Assets 2013: $2,181,9982013Assets 2014: $3,932,145Liabilities 2014: $1,920,938Net Assets 2014: $2,011,2072014Assets 2015: $3,811,521Liabilities 2015: $1,961,713Net Assets 2015: $1,849,8082015Assets 2016: $3,696,914Liabilities 2016: $2,012,282Net Assets 2016: $1,684,6322016Assets 2017: $3,560,081Liabilities 2017: $2,047,039Net Assets 2017: $1,513,0422017Assets 2018: $3,431,729Liabilities 2018: $2,105,716Net Assets 2018: $1,326,0132018Assets 2019: $3,310,780Liabilities 2019: $2,144,407Net Assets 2019: $1,166,3732019Assets 2020: $3,213,571Liabilities 2020: $2,180,344Net Assets 2020: $1,033,2272020Assets 2021: $3,080,615Liabilities 2021: $2,216,060Net Assets 2021: $864,5552021Assets 2022: $2,939,813Liabilities 2022: $2,295,315Net Assets 2022: $644,4982022Assets 2023: $2,795,306Liabilities 2023: $2,311,357Net Assets 2023: $483,9492023Assets 2024: $2,669,385Liabilities 2024: $2,366,504Net Assets 2024: $302,8812024

Highlighted filing

2017

Assets$3,560,081
Liabilities$2,047,039
Net Assets$1,513,042
Open 2017 Filing

Operations Trend

Revenue Growth50th percentile

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

$400K$200K$0-$200K-$400KRevenue 2012: $118,967Expenses 2012: $301,766Net Income 2012: -$182,7992012Revenue 2013: $126,729Expenses 2013: $290,491Net Income 2013: -$163,7622013Revenue 2014: $129,447Expenses 2014: $300,238Net Income 2014: -$170,7912014Revenue 2015: $131,685Expenses 2015: $293,084Net Income 2015: -$161,3992015Revenue 2016: $135,245Expenses 2016: $300,421Net Income 2016: -$165,1762016Revenue 2017: $141,078Expenses 2017: $312,668Net Income 2017: -$171,5902017Revenue 2018: $146,365Expenses 2018: $333,394Net Income 2018: -$187,0292018Revenue 2019: $151,458Expenses 2019: $311,098Net Income 2019: -$159,6402019Revenue 2020: $154,182Expenses 2020: $287,328Net Income 2020: -$133,1462020Revenue 2021: $166,088Expenses 2021: $334,760Net Income 2021: -$168,6722021Revenue 2022: $171,835Expenses 2022: $391,892Net Income 2022: -$220,0572022Revenue 2023: $169,725Expenses 2023: $330,274Net Income 2023: -$160,5492023Revenue 2024: $178,007Expenses 2024: $359,075Net Income 2024: -$181,0682024

Highlighted filing

2017

Revenue$141,078
Expenses$312,668
Net Income-$171,590
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 29, 2017
Return Version
2016v3.0
Gross Receipts
$141,078
Mission and Program Overview

Mission

To provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,490,827$3,361,372▼ $129,455
Savings and Temporary Cash Investments$204,953$197,325▼ $7,628
Accounts Receivable$1,134$1,384▲ $250
Total Assets$3,696,914$3,560,081▼ $136,833
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,637,816$1,637,816→ $0
Other Liabilities$364,739$399,899▲ $35,160
Accounts Payable and Accrued Expenses$9,727$9,324▼ $403
Total Liabilities$2,012,282$2,047,039▲ $34,757
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,025,000$3,025,000→ $0
Unrestricted Net Assets$-1,340,368$-1,511,958▼ $171,590
Total Net Assets Fund Balance$1,684,632$1,513,042▼ $171,590
Total Liabilities and Net Assets / Fund Balance$3,696,914$3,560,081▼ $136,833

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,610,186$1,281,346$3,891,532
Land$751,186-$751,186
Other Land Buildings-$3,184$3,184
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Monica MartinezChairperson
John LivingstonVice-chairpe
Ann PomperBoardmember
Joe AppenrodtBoardmember
Sandy KaplanBoardmember
Steve LabergeBoardmember
PAUL O'BRIENSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$140,122
Investment Income
$91
Other Revenue
$865
Change in Net Assets
$-171,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$141,078
Total Revenue per Audited Statements
$141,078
Total Revenue per Form 990
$141,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,668
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$129,455--$129,455
Interest$49,134--$49,134
All Other Expenses$14,630$862-$15,492
Fees for Services Management-$11,592-$11,592
Fees for Services Accounting-$6,850-$6,850
Other Expenses$5,510$21,530-$5,510
Insurance$5,252--$5,252
Office Expenses-$3,190-$3,190
Fees for Services Legal-$915-$915
Total Functional Expenses$267,729$44,939$0$312,668

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$312,668
Total Expenses per Audited Statements$312,668
Total Expenses per Form 990$312,668
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$395,728
Tenant Security Deposits$4,171
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A draft copy of the form 990 is provided to the organization's board for review prior to filing the 990.”

Form 990, Page 6, Part VI, Line 12C

“The organization requires board members to annually declare potential conflicts of interest. Board members are required to recuse themselves from voting in any matter where a conflict real or perceived may be present.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflicts of interest policy and financial statements are available upon written request to the organization's board of directors.”

Filing and Contact Details

Filer

Filer Name
Grace Commons Inc
EIN
20-1967815
Phone
8314691700
Address
380 ENCINAL STREET SUITE 200, SANTA CRUZ, CA 95060

Signing Officer

Name
Monica Martinez
Title
Chairperson
Phone
8314691700
Signed
2017-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Martinez
Formed
2005
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
John J Teuteberg CPA
Address
PO BOX 1539, FREEDOM, CA 95019-1539
Preparer
John J Teuteberg
Phone
8317630997
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Grace commons, inc. Is not subject to income taxes under code section 501 (c)(3) of the internal revenue service, and code section 23701(d) of the revenue and taxation code of the state of california. A number of grace commons, inc.'s tax returns remain subject to examination by tax authorities. These include u.s. Federal returns beginning in 2013 and california returns beginning in 2012.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GRACE COMMONS, INC. IS NOT SUBJECT TO INCOME TAXES UNDER CODE SECTION 501 (C)(3) OF THE INTERNAL REVENUE SERVICE, AND CODE SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA. A NUMBER OF GRACE COMMONS, INC.'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES. THESE INCLUDE U.S. FEDERAL RETURNS BEGINNING IN 2013 AND CALIFORNIA RETURNS BEGINNING IN 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD FOR REVIEW PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES BOARD MEMBERS TO ANNUALLY DECLARE POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO RECUSE THEMSELVES FROM VOTING IN ANY MATTER WHERE A CONFLICT REAL OR PERCEIVED MAY BE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0267729
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SANTA CRUZ
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095060
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MONICA MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08314691700
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE COMMONS INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0201967815
ReturnHeader/Filer/PhoneNum08314691700
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FDB300DD8309B79A226A5D95C67CF44FBB924DCA
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770142495
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN J TEUTEBERG CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1539
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FREEDOM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0950191539
ReturnHeader/PreparerPersonGrp/PhoneNum08317630997
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J TEUTEBERG
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-09-27T11:32:06-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,560,081
Liabilities
$2,047,039
Net assets
$1,513,042
Revenue
$141,078
Expenses
$312,668
Net income
-$171,590
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.67$2.37$0.30$0.18$0.36$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.80$2.31$0.48$0.17$0.33$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.94$2.30$0.64$0.17$0.39$0.22
2021Detailed filing. Detailed filing data is available for this year.$3.08$2.22$0.86$0.17$0.33$0.17
2020Detailed filing. Detailed filing data is available for this year.$3.21$2.18$1.03$0.15$0.29$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.31$2.14$1.17$0.15$0.31$0.16
2018Detailed filing. Detailed filing data is available for this year.$3.43$2.11$1.33$0.15$0.33$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.56$2.05$1.51$0.14$0.31$0.17
2016Detailed filing. Detailed filing data is available for this year.$3.70$2.01$1.68$0.14$0.30$0.17
2015Detailed filing. Detailed filing data is available for this year.$3.81$1.96$1.85$0.13$0.29$0.16
2014Summary only. Only limited summary data is available for this year.$3.93$1.92$2.01$0.13$0.30$0.17
2013Summary only. Only limited summary data is available for this year.$4.06$1.88$2.18$0.13$0.29$0.16
2012Summary only. Only limited summary data is available for this year.$4.19$1.84$2.35$0.12$0.30$0.18