Civic Intelligence

Shady Trails Community Association

990 • Fiscal year 2020 • EIN 20-3644534

Dec 01, 2019 to Nov 30, 2020 • Filed on Mar 16, 2021

15241 Laguna Canyon RoadIrvine, CA 92618

(909) 574-0029

Siviq Scores

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

Liabilities / Assets

96th percentile

1.08x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

2.61x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

25th percentile

-3.6%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

16th percentile

-5.2%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

24%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,632,159

Down $254,664 (-5.2%) from 2019

Net Assets

Down

-$378,261

Down $2,167,604 (-121%) from 2019

Liabilities

Up

$5,010,420

Up $1,912,940 (+62%) from 2019

Revenue

Up

$1,921,621

Up $376,223 (+24%) from 2019

Expenses

Up

$1,991,086

Up $508,933 (+34%) from 2019

Net Income

Down

-$69,465

Down $132,710 (-210%) from 2019

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$0-$2.0MAssets 2011: $1,095,635Liabilities 2011: $136,262Net Assets 2011: $959,3732011Assets 2012: $1,482,433Liabilities 2012: $147,674Net Assets 2012: $1,334,7592012Assets 2013: $1,766,869Liabilities 2013: $62,920Net Assets 2013: $1,703,9492013Assets 2014: $4,856,325Liabilities 2014: $3,072,418Net Assets 2014: $1,783,9072014Assets 2015: $4,827,180Liabilities 2015: $3,034,211Net Assets 2015: $1,792,9692015Assets 2016: $5,004,694Liabilities 2016: $3,067,008Net Assets 2016: $1,937,6862016Assets 2017: $5,004,018Liabilities 2017: $3,092,985Net Assets 2017: $1,911,0332017Assets 2018: $4,928,795Liabilities 2018: $3,074,025Net Assets 2018: $1,854,7702018Assets 2019: $4,886,823Liabilities 2019: $3,097,480Net Assets 2019: $1,789,3432019Assets 2020: $4,632,159Liabilities 2020: $5,010,420Net Assets 2020: -$378,2612020Assets 2021: $4,565,735Liabilities 2021: $5,136,255Net Assets 2021: -$570,5202021Assets 2022: $4,837,498Liabilities 2022: $5,437,647Net Assets 2022: -$600,1492022Assets 2023: $4,988,540Liabilities 2023: $5,567,904Net Assets 2023: -$579,3642023Assets 2024: $4,906,040Liabilities 2024: $5,456,893Net Assets 2024: -$550,8532024

Highlighted filing

2020

Assets$4,632,159
Liabilities$5,010,420
Net Assets-$378,261

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $939,985Expenses 2011: $787,437Net Income 2011: $152,5482011Revenue 2012: $1,263,999Expenses 2012: $888,613Net Income 2012: $375,3862012Revenue 2013: $1,357,509Expenses 2013: $988,319Net Income 2013: $369,1902013Revenue 2014: $1,330,782Expenses 2014: $1,250,824Net Income 2014: $79,9582014Revenue 2015: $1,335,475Expenses 2015: $1,326,413Net Income 2015: $9,0622015Revenue 2016: $1,352,865Expenses 2016: $1,208,148Net Income 2016: $144,7172016Revenue 2017: $1,370,396Expenses 2017: $1,397,049Net Income 2017: -$26,6532017Revenue 2018: $1,451,191Expenses 2018: $1,507,454Net Income 2018: -$56,2632018Revenue 2019: $1,545,398Expenses 2019: $1,482,153Net Income 2019: $63,2452019Revenue 2020: $1,921,621Expenses 2020: $1,991,086Net Income 2020: -$69,4652020Revenue 2021: $1,577,055Expenses 2021: $1,769,314Net Income 2021: -$192,2592021Revenue 2022: $2,049,851Expenses 2022: $2,081,220Net Income 2022: -$31,3692022Revenue 2023: $2,584,748Expenses 2023: $2,613,013Net Income 2023: -$28,2652023Revenue 2024: $3,134,428Expenses 2024: $3,105,917Net Income 2024: $28,5112024

Highlighted filing

2020

Revenue$1,921,621
Expenses$1,991,086
Net Income-$69,465
Jump To
Filing Snapshot
Filing Period
Dec 1, 2019 to Nov 30, 2020
Signed
Mar 16, 2021
Return Version
2019v5.0
Gross Receipts
$1,921,621
Mission and Program Overview

Mission

To maintain parks and other community areas, and to provide for civic betterments and community welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,409,790$2,300,699▼ $109,091
Savings and Temporary Cash Investments$2,123,518$1,922,678▼ $200,840
Cash and Non-Interest-Bearing Accounts$303,976$357,145▲ $53,169
Accounts Receivable$42,991$36,677▼ $6,314
Total Assets$4,886,823$4,632,159▼ $254,664
Other Assets Total$6,548$14,960▲ $8,412
Liabilities
Other Liabilities$3,001,192$4,877,997▲ $1,876,805
Accounts Payable and Accrued Expenses$67,661$113,536▲ $45,875
Deferred Revenue$28,627$18,887▼ $9,740
Total Liabilities$3,097,480$5,010,420▲ $1,912,940
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,098,139--
Net Assets Without Donor Restrictions$-308,796$-378,261▼ $69,465
Total Net Assets Fund Balance$1,789,343$-378,261▼ $2,167,604
Total Liabilities and Net Assets / Fund Balance$4,886,823$4,632,159▼ $254,664

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,300,699$699,301$3,000,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stacey SassamanPresident
Jeff CunninghamDirector
Tuan LeDirector
Patricia Gonzalez-gomezSecretary
Ben CendejasVP/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
O'connell Landscape MaintenanceLandscape4601 LEISURE VILLAGE WAY, Oceanside, CA 92056$171,628
Firstservice ResidentialProperty Mgmt.15241 LAGUNA CANYON RD, Irvine, CA 92618$102,369
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,870,642
Investment Income
$43,104
Other Revenue
$7,875
Change in Net Assets
$-69,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,921,621
Total Revenue per Audited Statements
$1,921,621
Total Revenue per Form 990
$1,921,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,991,086
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
All Other Expenses$253,832$3,239-$257,071
Other Expenses$171,628--$171,628
Fees for Services Management$35,476$102,192-$137,668
Depreciation Depletion$109,091--$109,091
Office Expenses$25,424--$25,424
Insurance$17,566--$17,566
Fees for Services Legal$12,122--$12,122
Total Functional Expenses$1,885,655$105,431$0$1,991,086

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,991,086
Total Expenses per Audited Statements$1,991,086
Total Expenses per Form 990$1,991,086
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$3,000,000
Contract Liabilities$1,877,997
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Daily operations are managed by an independent professional management company. The management company acts as an agent for the organization. Board of directors appoints and supervises those who are responsible for the daily activities.

Form 990, Page 6, Part VI, Line 6

Owners automatically become members.

Form 990, Page 6, Part VI, Line 7A

The organization is structured to have members which have rights for electing directors. Organization has annual meeting elections for owners to elect officers for the next year. The method of the board's election is formally set in the documents that create the organization.

Form 990, Page 6, Part VI, Line 7B

An organization's governing documents dictate various resolutions requiring membership approval. Bylaws specify when board meetings must be held and how many board members must be present to pass official business matters via vote. The organization complies with all state requirements for community interest developments regarding membership approval.

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

Federal and state tax returns are reviewed and approved by the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Shady Trails Community Association
EIN
20-3644534
Phone
9095740029
Address
15241 LAGUNA CANYON ROAD, IRVINE, CA 92618

Signing Officer

Name
Stacey Sassaman
Title
President
Phone
9095740029
Signed
2021-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Sassaman
Formed
2005
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Newman Certified Public Accountant Pc
Address
3164 LIONSHEAD AVENUE SUITE B, CARLSBAD, CA 92010
Preparer
Jeremy Newman
Phone
8445607300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Recreation facility 122,604 0 0 fountain maintenance 39,970 0 0 mrr 36,951 0 0 bad debt expense 18,263 0 0 common area repairs/maint 16,043 0 0 access gate 12,414 0 0 pest control 3,995 0 0 collection costs 3,584 0 0 income tax expense 0 3,239 0 license, permits & fees 8 0 0 total 253,832 3,239 0

Form 990, Part XI, Line 9

Asc 606 reserve reclass -2,098,139

Raw XML Appendix342 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11877997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONTRACT LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt01921621
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02300699
IRS990ScheduleD/TotalExpensesPerForm990Amt01991086
IRS990ScheduleD/TotalLiabilityAmt04877997
IRS990ScheduleD/TotalRevenuePerForm990Amt01921621
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01921621
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01991086
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAILY OPERATIONS ARE MANAGED BY AN INDEPENDENT PROFESSIONAL MANAGEMENT COMPANY. THE MANAGEMENT COMPANY ACTS AS AN AGENT FOR THE ORGANIZATION. BOARD OF DIRECTORS APPOINTS AND SUPERVISES THOSE WHO ARE RESPONSIBLE FOR THE DAILY ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OWNERS AUTOMATICALLY BECOME MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS STRUCTURED TO HAVE MEMBERS WHICH HAVE RIGHTS FOR ELECTING DIRECTORS. ORGANIZATION HAS ANNUAL MEETING ELECTIONS FOR OWNERS TO ELECT OFFICERS FOR THE NEXT YEAR. THE METHOD OF THE BOARD'S ELECTION IS FORMALLY SET IN THE DOCUMENTS THAT CREATE THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ORGANIZATION'S GOVERNING DOCUMENTS DICTATE VARIOUS RESOLUTIONS REQUIRING MEMBERSHIP APPROVAL. BYLAWS SPECIFY WHEN BOARD MEETINGS MUST BE HELD AND HOW MANY BOARD MEMBERS MUST BE PRESENT TO PASS OFFICIAL BUSINESS MATTERS VIA VOTE. THE ORGANIZATION COMPLIES WITH ALL STATE REQUIREMENTS FOR COMMUNITY INTEREST DEVELOPMENTS REGARDING MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEDERAL AND STATE TAX RETURNS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RECREATION FACILITY 122,604 0 0 FOUNTAIN MAINTENANCE 39,970 0 0 MRR 36,951 0 0 BAD DEBT EXPENSE 18,263 0 0 COMMON AREA REPAIRS/MAINT 16,043 0 0 ACCESS GATE 12,414 0 0 PEST CONTROL 3,995 0 0 COLLECTION COSTS 3,584 0 0 INCOME TAX EXPENSE 0 3,239 0 LICENSE, PERMITS & FEES 8 0 0 TOTAL 253,832 3,239 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ASC 606 RESERVE RECLASS -2,098,139
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04886823
IRS990/TotalAssetsEOYAmt04632159
IRS990/TotalAssetsGrp/BOYAmt04886823
IRS990/TotalAssetsGrp/EOYAmt04632159
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105431
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01885655
IRS990/TotalFunctionalExpensesGrp/TotalAmt01991086
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03097480
IRS990/TotalLiabilitiesEOYAmt05010420
IRS990/TotalLiabilitiesGrp/BOYAmt03097480
IRS990/TotalLiabilitiesGrp/EOYAmt05010420
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01789343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-378261
IRS990/TotalProgramServiceExpensesAmt01885655
IRS990/TotalProgramServiceRevenueAmt01870642
IRS990/TotalRevenueGrp/ExclusionAmt050979
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01870642
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01921621
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04886823
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04632159
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015241 LAGUNA CANYON RD
IRS990/USAddress/CityNm0IRVINE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092618
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0SHADYTRAILS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STACEY SASSAMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09095740029
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHADY TRAILS COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SHAD
ReturnHeader/Filer/EIN0203644534
ReturnHeader/Filer/PhoneNum09095740029
ReturnHeader/Filer/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092618
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263519134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEWMAN CERTIFIED PUBLIC ACCOUNTANT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03164 LIONSHEAD AVENUE SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARLSBAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092010
ReturnHeader/PreparerPersonGrp/PhoneNum08445607300
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY NEWMAN
ReturnHeader/ReturnTs02021-03-19T14:19:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-12-01
ReturnHeader/TaxPeriodEndDt02020-11-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.91$5.46$0.55$3.13$3.11$0.03
2023Detailed filing. Detailed filing data is available for this year.$4.99$5.57$0.58$2.58$2.61$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.84$5.44$0.60$2.05$2.08$0.03
2021Detailed filing. Detailed filing data is available for this year.$4.57$5.14$0.57$1.58$1.77$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.63$5.01$0.38$1.92$1.99$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.89$3.10$1.79$1.55$1.48$0.06
2018Detailed filing. Detailed filing data is available for this year.$4.93$3.07$1.85$1.45$1.51$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.00$3.09$1.91$1.37$1.40$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.00$3.07$1.94$1.35$1.21$0.14
2015Summary only. Only limited summary data is available for this year.$4.83$3.03$1.79$1.34$1.33$0.01
2014Summary only. Only limited summary data is available for this year.$4.86$3.07$1.78$1.33$1.25$0.08
2013Summary only. Only limited summary data is available for this year.$1.77$0.06$1.70$1.36$0.99$0.37
2012Summary only. Only limited summary data is available for this year.$1.48$0.15$1.33$1.26$0.89$0.38
2011Summary only. Only limited summary data is available for this year.$1.10$0.14$0.96$0.94$0.79$0.15