Civic Intelligence

Grace Commons Inc.

990 • Fiscal year 2019 • EIN 20-1967815

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 06, 2020

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

86th percentile

0.65x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

14.16x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-105%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

3.5%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,310,780

Down $120,949 (-3.5%) from 2018

Net Assets

Down

$1,166,373

Down $159,640 (-12%) from 2018

Liabilities

Up

$2,144,407

Up $38,691 (+1.8%) from 2018

Revenue

Up

$151,458

Up $5,093 (+3.5%) from 2018

Expenses

Down

$311,098

Down $22,296 (-6.7%) from 2018

Net Income

Up

-$159,640

Up $27,389 (+15%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$3,310,780
Liabilities$2,144,407
Net Assets$1,166,373

Operations Trend

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

2019

Revenue$151,458
Expenses$311,098
Net Income-$159,640
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 6, 2020
Return Version
2018v3.2
Gross Receipts
$151,458
Mission and Program Overview

Mission

To provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,242,830$3,110,056▼ $132,774
Savings and Temporary Cash Investments$186,656$199,791▲ $13,135
Accounts Receivable$2,243$933▼ $1,310
Total Assets$3,431,729$3,310,780▼ $120,949
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,637,816$1,637,816→ $0
Other Liabilities$442,163$484,419▲ $42,256
Accounts Payable and Accrued Expenses$25,737$22,172▼ $3,565
Total Liabilities$2,105,716$2,144,407▲ $38,691
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,025,000$3,025,000→ $0
Unrestricted Net Assets$-1,698,987$-1,858,627▼ $159,640
Total Net Assets Fund Balance$1,326,013$1,166,373▼ $159,640
Total Liabilities and Net Assets / Fund Balance$3,431,729$3,310,780▼ $120,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,358,870$1,544,787$3,903,657
Land$751,186-$751,186
Other Land Buildings$0$3,184$3,184
Compensation and Service Providers

Board Members and Trustees

NameTitle
Monica MartinezChairperson
John LivingstonVice-chairperson
Ann PomperBoard Member
Joe AppenrodtBoard Member
Sandy KaplanBoard Member
Steve LabergeBoard Member
PAUL O'BRIENSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$106,558
Program Service Revenue
$44,076
Investment Income
$80
Other Revenue
$744
Change in Net Assets
$-159,640

Audited Revenue Reconciliation

Revenue per Audited Statements
$151,458
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$151,458
Total Revenue per Form 990
$151,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$311,098
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$132,775--$132,775
Interest$49,134--$49,134
Fees for Services Accounting-$17,610-$17,610
All Other Expenses$16,149$125-$16,274
Fees for Services Management-$10,206-$10,206
Office Expenses-$5,600-$5,600
Other Expenses$5,586$0-$5,586
Insurance$5,488--$5,488
Fees for Services Legal-$11-$11
Total Functional Expenses$259,143$51,955$0$311,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$311,098
Total Expenses per Audited Statements$311,098
Total Expenses per Form 990$311,098
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$480,240
Tenant Security Deposits$4,179
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Grace commons paid encompass community services a total of $55,214 for the year ended june 30, 2019 for management services. Encompass community services plans and executes grace commons's financial and exempt operations. Monica martinez is an officer of both encompass community services and grace commons. She is not compensated for her work for grace commons.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's chair and questions are referred to the outside tax professional. After a full review (with modifications where necessary), the final version of the tax return is provided to the board of directors. The return is then finalized and electronically filed with the taxing authorities.

Form 990, Part VI, Section B, 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, Part VI, Section C, 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
2020-07-06
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
Volunteers
0

Preparer

Firm
Bpm Llp
Address
4200 BOHANNON DRIVE SUITE 250, MENLO PARK, CA 94025-1021
Preparer
Carolyn R Amster
Phone
6508556800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 505 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0131595
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IRS990ScheduleA/InvestmentIncomePYPct00.00070
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0567
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01311
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0751186
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03184
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0480240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0151458
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IRS990ScheduleD/TotalExpensesPerForm990Amt0311098
IRS990ScheduleD/TotalLiabilityAmt0484419
IRS990ScheduleD/TotalRevenuePerForm990Amt0151458
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0151458
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRACE COMMONS PAID ENCOMPASS COMMUNITY SERVICES A TOTAL OF $55,214 FOR THE YEAR ENDED JUNE 30, 2019 FOR MANAGEMENT SERVICES. ENCOMPASS COMMUNITY SERVICES PLANS AND EXECUTES GRACE COMMONS'S FINANCIAL AND EXEMPT OPERATIONS. MONICA MARTINEZ IS AN OFFICER OF BOTH ENCOMPASS COMMUNITY SERVICES AND GRACE COMMONS. SHE IS NOT COMPENSATED FOR HER WORK FOR GRACE COMMONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BY THE ORGANIZATION'S CHAIR AND QUESTIONS ARE REFERRED TO THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERE NECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS. THE RETURN IS THEN FINALIZED AND ELECTRONICALLY FILED WITH THE TAXING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CASA LINDA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CFSC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MONARCH DISABLED HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4STEPPING OUT HOUSING INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4LOW-INCOME HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3LINE 10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt4380 ENCINAL STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4SANTA CRUZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
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