Civic Intelligence

Downtown Sacramento Revitalization Corporation

990 • Fiscal year 2015 • EIN 20-2282551

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2017

915 I Street 3rd FloorSacramento, CA 95814

(916) 808-7223

Siviq Scores

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

Liabilities / Assets

54th percentile

0.22x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.28x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

99th percentile

690%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

1375%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,143,942

Up $6,240,185 (+690%) from 2014

Net Assets

Up

$5,543,942

Up $4,640,185 (+513%) from 2014

Liabilities

Up

$1,600,000

Up $1,600,000 from 2014

Revenue

Up

$5,758,546

Up $5,368,085 (+1375%) from 2014

Expenses

Up

$1,118,361

Up $960,187 (+607%) from 2014

Net Income

Up

$4,640,185

Up $4,407,898 (+1898%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $305,520Liabilities 2011: $0Net Assets 2011: $305,5202011Assets 2012: $406,914Liabilities 2012: $51,547Net Assets 2012: $355,3672012Assets 2013: $671,470Liabilities 2013: $0Net Assets 2013: $671,4702013Assets 2014: $903,757Liabilities 2014: $0Net Assets 2014: $903,7572014Assets 2015: $7,143,942Liabilities 2015: $1,600,000Net Assets 2015: $5,543,9422015Assets 2016: $7,376,943Liabilities 2016: $1,600,000Net Assets 2016: $5,776,9432016Assets 2017: $7,612,110Liabilities 2017: $1,600,000Net Assets 2017: $6,012,1102017Assets 2018: $7,836,475Liabilities 2018: $1,600,000Net Assets 2018: $6,236,4752018Assets 2019: $11,604,833Liabilities 2019: $5,200,000Net Assets 2019: $6,404,8332019Assets 2020: $11,737,189Liabilities 2020: $1,535,000Net Assets 2020: $10,202,1892020Assets 2021: $11,804,647Liabilities 2021: $1,470,000Net Assets 2021: $10,334,6472021Assets 2022: $11,841,939Liabilities 2022: $1,405,000Net Assets 2022: $10,436,9392022Assets 2023: $12,010,294Liabilities 2023: $1,340,000Net Assets 2023: $10,670,2942023Assets 2024: $12,138,814Liabilities 2024: $1,275,000Net Assets 2024: $10,863,8142024

Highlighted filing

2015

Assets$7,143,942
Liabilities$1,600,000
Net Assets$5,543,942

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2011: $331,975Expenses 2011: $26,455Net Income 2011: $305,5202011Revenue 2012: $80,297Expenses 2012: $18,631Net Income 2012: $61,6662012Expenses 2013: $72,7792013Revenue 2014: $390,461Expenses 2014: $158,174Net Income 2014: $232,2872014Revenue 2015: $5,758,546Expenses 2015: $1,118,361Net Income 2015: $4,640,1852015Revenue 2016: $404,129Expenses 2016: $171,128Net Income 2016: $233,0012016Revenue 2017: $406,071Expenses 2017: $170,904Net Income 2017: $235,1672017Revenue 2018: $411,939Expenses 2018: $187,574Net Income 2018: $224,3652018Revenue 2019: $417,472Expenses 2019: $249,501Net Income 2019: $167,9712019Revenue 2020: $3,998,461Expenses 2020: $201,105Net Income 2020: $3,797,3562020Revenue 2021: $356,658Expenses 2021: $224,200Net Income 2021: $132,4582021Revenue 2022: $308,237Expenses 2022: $205,945Net Income 2022: $102,2922022Revenue 2023: $441,348Expenses 2023: $207,993Net Income 2023: $233,3552023Revenue 2024: $465,427Expenses 2024: $271,907Net Income 2024: $193,5202024

Highlighted filing

2015

Revenue$5,758,546
Expenses$1,118,361
Net Income$4,640,185
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2017
Return Version
2014v6.0
Gross Receipts
$5,758,546
Mission and Program Overview

Mission

The corporation is formed for the benefit of and to carry out the purposes of the city of sacramento, ca and to revitalize areas within the city and thereby lessening the burdens of government.

The corporation is formed for the benefit of and to carry out the purposes of the city of sacramento, ca and the redevelopment agency of the city of sacramento revitalize areas within the city and thereby lessening the burdens of government.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$4,919,738-
Investments Program Related-$1,303,538-
Cash and Non-Interest-Bearing Accounts$903,757$920,666▲ $16,909
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$903,757$7,143,942▲ $6,240,185
Other Assets Total-$0-
Liabilities
Other Liabilities-$1,600,000-
Total Liabilities$0$1,600,000▲ $1,600,000
Net Assets / Fund Balance
Unrestricted Net Assets$903,757$5,543,942▲ $4,640,185
Total Net Assets Fund Balance$903,757$5,543,942▲ $4,640,185
Total Liabilities and Net Assets / Fund Balance$903,757$7,143,942▲ $6,240,185
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,363,276
Program Service Revenue
$387,840
Investment Income
$7,430
Other Revenue
$0
Change in Net Assets
$4,640,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$900,000
Other Expenses$218,361
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$900,000--$900,000
Occupancy$99,840$53,760-$153,600
Fees for Services Legal$36,834$19,834-$56,668
Other Expenses$2,267$1,221-$3,488
Fees for Services Accounting$1,833$987-$2,820
Insurance$983$530-$1,513
Office Expenses$177$95-$272
Total Functional Expenses$1,041,934$76,427$0$1,118,361
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of SacramentoSacramento, CA-Real Estate Development$900,000
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
City of Sacramento$1,600,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Part VI, Line 11B: Form 990 Review Process

The cfo carefully reviews the form 990 prior to filing.

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

The corporation's documents and tax returns are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Sacramento Revitalization
EIN
20-2282551
Phone
9168087223
Address
915 I STREET 3RD FLOOR, SACRAMENTO, CA 95814

Signing Officer

Name
Patty Kleinknecht
Title
CFO
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patty Kleinknecht
Formed
2006
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Patrick & Buzarellos LLP
Address
1900 Point West Way 102, Sacramento, CA 95815
Preparer
Catherine L Patrick
Phone
9169201604
Supplemental Narrative

Additional Explanations

Amended Explanation

This return is being amended due to financial activity that occurred, however the amounts were inadvertently not reported upon the filing of the original income tax return. This amended return reflects the investment, note receivable and loan payable for the City of Sacramento activity.

Raw XML Appendix389 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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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06461
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0158174
IRS990/PYProgramServiceRevenueAmt0384000
IRS990/PYRevenuesLessExpensesAmt0232287
IRS990/PYTotalExpensesAmt0158174
IRS990/PYTotalRevenueAmt0390461
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04640185
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01600000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CITY OF SACRAMENTO
IRS990ScheduleD/TotalBookValueProgramRltdAmt01303538
IRS990ScheduleD/TotalLiabilityAmt01600000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0900000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REAL ESTATE DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF SACRAMENTO
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0915 I STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SACRAMENTO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095814
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CFO CAREFULLY REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION'S DOCUMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This return is being amended due to financial activity that occurred, however the amounts were inadvertently not reported upon the filing of the original income tax return. This amended return reflects the investment, note receivable and loan payable for the City of Sacramento activity.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Amended Explanation
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0903757
IRS990/TotalAssetsEOYAmt07143942
IRS990/TotalAssetsGrp/BOYAmt0903757
IRS990/TotalAssetsGrp/EOYAmt07143942
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05363276
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076427
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01041934
IRS990/TotalFunctionalExpensesGrp/TotalAmt01118361
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01600000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01600000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0903757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05543942
IRS990/TotalProgramServiceExpensesAmt01041934
IRS990/TotalProgramServiceRevenueAmt0387840
IRS990/TotalRevenueGrp/ExclusionAmt07430
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0387840
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05758546
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0903757
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07143942
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0903757
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05543942
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 630
IRS990/USAddress/CityNm0SACRAMENTO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095812
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATTY KLEINKNECHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN SACRAMENTO REVITALIZATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0202282551
ReturnHeader/Filer/PhoneNum09168087223
ReturnHeader/Filer/USAddress/AddressLine1Txt0915 I STREET 3RD FLOOR
ReturnHeader/Filer/USAddress/CityNm0SACRAMENTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Patrick & Buzarellos LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01900 Point West Way 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sacramento
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095815
ReturnHeader/PreparerPersonGrp/PhoneNum09169201604
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE L PATRICK
ReturnHeader/ReturnTs02017-02-15T14:49:37-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.1$1.28$10.9$0.47$0.27$0.19
2023Detailed filing. Detailed filing data is available for this year.$12.0$1.34$10.7$0.44$0.21$0.23
2022Detailed filing. Detailed filing data is available for this year.$11.8$1.41$10.4$0.31$0.21$0.10
2021Detailed filing. Detailed filing data is available for this year.$11.8$1.47$10.3$0.36$0.22$0.13
2020Detailed filing. Detailed filing data is available for this year.$11.7$1.54$10.2$4.00$0.20$3.80
2019Detailed filing. Detailed filing data is available for this year.$11.6$5.20$6.40$0.42$0.25$0.17
2018Detailed filing. Detailed filing data is available for this year.$7.84$1.60$6.24$0.41$0.19$0.22
2017Detailed filing. Detailed filing data is available for this year.$7.61$1.60$6.01$0.41$0.17$0.24
2016Detailed filing. Detailed filing data is available for this year.$7.38$1.60$5.78$0.40$0.17$0.23
2015Detailed filing. Detailed filing data is available for this year.$7.14$1.60$5.54$5.76$1.12$4.64
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.39$0.16$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.05$0.36$0.08$0.02$0.06
2011Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.33$0.03$0.31