Civic Intelligence

Pilgrim Park Inc.

990 • Fiscal year 2017 • EIN 23-7073010

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 28, 2017

33 Merrydale RoadSan Rafael, CA 94903

(415) 499-3350

Siviq Scores

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

Liabilities / Assets

86th percentile

0.70x

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

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

Liabilities / Revenue

91st percentile

2.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

78th percentile

20%

Higher net margin than 78% 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

50th percentile

3.1%

Faster asset growth than 50% of similar nonprofits.

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

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Up

$4,816,701

Up $144,114 (+3.1%) from 2016

Net Assets

Up

$1,455,067

Up $278,591 (+24%) from 2016

Liabilities

Down

$3,361,634

Down $134,477 (-3.8%) from 2016

Revenue

Up

$1,421,058

Up $136,235 (+11%) from 2016

Expenses

Down

$1,140,466

Down $33,128 (-2.8%) from 2016

Net Income

Up

$280,592

Up $169,363 (+152%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $4,657,232Liabilities 2014: $3,664,909Net Assets 2014: $992,3232014Assets 2015: $4,605,117Liabilities 2015: $3,546,518Net Assets 2015: $1,058,5992015Assets 2016: $4,672,587Liabilities 2016: $3,496,111Net Assets 2016: $1,176,4762016Assets 2017: $4,816,701Liabilities 2017: $3,361,634Net Assets 2017: $1,455,0672017Assets 2018: $4,251,360Liabilities 2018: $2,961,370Net Assets 2018: $1,289,9902018Assets 2019: $4,523,609Liabilities 2019: $2,810,756Net Assets 2019: $1,712,8532019Assets 2020: $4,767,374Liabilities 2020: $2,689,003Net Assets 2020: $2,078,3712020Assets 2021: $5,059,654Liabilities 2021: $2,568,896Net Assets 2021: $2,490,7582021Assets 2022: $5,310,887Liabilities 2022: $2,351,599Net Assets 2022: $2,959,2882022Assets 2023: $5,642,595Liabilities 2023: $2,163,448Net Assets 2023: $3,479,1472023Assets 2024: $6,027,368Liabilities 2024: $1,986,030Net Assets 2024: $4,041,3382024Assets 2025: $6,475,321Liabilities 2025: $1,890,967Net Assets 2025: $4,584,3542025

Highlighted filing

2017

Assets$4,816,701
Liabilities$3,361,634
Net Assets$1,455,067

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,137,992Expenses 2014: $1,156,061Net Income 2014: -$18,0692014Revenue 2015: $1,167,156Expenses 2015: $1,106,367Net Income 2015: $60,7892015Revenue 2016: $1,284,823Expenses 2016: $1,173,594Net Income 2016: $111,2292016Revenue 2017: $1,421,058Expenses 2017: $1,140,466Net Income 2017: $280,5922017Revenue 2018: $1,451,042Expenses 2018: $1,616,119Net Income 2018: -$165,0772018Revenue 2019: $1,544,013Expenses 2019: $1,121,150Net Income 2019: $422,8632019Revenue 2020: $1,565,653Expenses 2020: $1,200,135Net Income 2020: $365,5182020Revenue 2021: $1,614,430Expenses 2021: $1,202,043Net Income 2021: $412,3872021Revenue 2022: $1,672,274Expenses 2022: $1,203,744Net Income 2022: $468,5302022Revenue 2023: $1,758,964Expenses 2023: $1,239,105Net Income 2023: $519,8592023Revenue 2024: $1,908,202Expenses 2024: $1,346,011Net Income 2024: $562,1912024Revenue 2025: $1,993,731Expenses 2025: $1,450,715Net Income 2025: $543,0162025

Highlighted filing

2017

Revenue$1,421,058
Expenses$1,140,466
Net Income$280,592
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 28, 2017
Return Version
2016v3.0
Gross Receipts
$1,421,058
Mission and Program Overview

Mission

To provide persons with affordable housing facilities and services specially defined to meet their physical, social, and psychological needs to promote their health, security, happiness and usefulness in longer living.

To provide safe, sanitary, low-cost rental housing for low-income families in a safe, clean environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,720,200$3,658,751▼ $61,449
Cash and Non-Interest-Bearing Accounts$238,244$354,891▲ $116,647
Prepaid Expenses and Deferred Charges$1,996$95,386▲ $93,390
Savings and Temporary Cash Investments$18,230$18,266▲ $36
Accounts Receivable$360$10,840▲ $10,480
Total Assets$4,672,587$4,816,701▲ $144,114
Other Assets Total$693,557$678,567▼ $14,990
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,341,484$3,232,084▼ $109,400
Other Liabilities$66,881$90,294▲ $23,413
Accounts Payable and Accrued Expenses$87,746$39,256▼ $48,490
Total Liabilities$3,496,111$3,361,634▼ $134,477
Net Assets / Fund Balance
Unrestricted Net Assets$1,176,476$1,455,067▲ $278,591
Total Net Assets Fund Balance$1,176,476$1,455,067▲ $278,591
Total Liabilities and Net Assets / Fund Balance$4,672,587$4,816,701▲ $144,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,210,834$1,898,326$5,109,160
Equipment$142,735$764,778$907,513
Other Land Buildings$140,132$449,875$590,007
Land$165,050-$165,050
Other Assets Org$39,969--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg RipleyPresident
Caryl HodgesDirector
David KnopfDirector
Eric CaindecDirector
Lynn GrantSecretary
Robert De HaanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$701,441
Program Service Revenue
$715,610
Investment Income
$4,007
Other Revenue
$0
Change in Net Assets
$280,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,421,058
Revenue Not Reported on Form 990
$-2,001
Total Revenue per Audited Statements
$1,419,057
Total Revenue per Form 990
$1,421,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$955,648
Salaries, Compensation, and Employee Benefits$184,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$230,536--$230,536
Interest$201,790--$201,790
Other Salaries and Wages$144,401--$144,401
Occupancy$93,324--$93,324
Fees for Services Management$47,487--$47,487
All Other Expenses$41,838--$41,838
Office Expenses$36,409--$36,409
Insurance$34,272--$34,272
Other Expenses$29,742--$29,742
Other Employee Benefits$27,856--$27,856
Fees for Services Accounting$20,604--$20,604
Payroll Taxes$12,561--$12,561
Fees for Services Other$3,964--$3,964
Fees for Services Legal$1,510--$1,510
Advertising$472--$472
Total Functional Expenses$1,140,466$0$0$1,140,466

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,140,466
Total Expenses per Audited Statements$1,140,466
Total Expenses per Form 990$1,140,466
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
Tenant Security Deposits$52,663
Prepaid Revenue$21,114
Accrued Interest Payable$16,517
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management delegated to john stewart company, 1388 sutter st., 11th floor, san francisco, ca 94109

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

A draft of the form 990 is provided to the president and vice president of the board of directors for review and approval. Upon approval, a copy of the final form 990 is prepared and made available to all board members prior to filing.

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

Compliance with the conflict of interest policy is self-monitored by the board of directors at their quarterly meetings.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pilgrim Park Inc
EIN
23-7073010
Phone
4154993350
Address
33 MERRYDALE ROAD, SAN RAFAEL, CA 94903

Signing Officer

Name
Greg Ripley
Title
President
Phone
4154993350
Signed
2017-11-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Ripley
Formed
1970
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Holden & Company Llp
Address
68 MITCHELL BLVD STE 240, SAN RAFAEL, CA 94903-2060
Preparer
Thomas J Holden
Phone
4154724225
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

No provision is made for income taxes since the corporation has been determined to be exempt from federal income tax under section 501(c)(3) of the internal revenue code and california franchise tax under section 23701 (d) of the revenue and taxation code. Gaap provides accounting and disclosure guidance about positions taken by pilgrim park, inc. In its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by pilgrim park, inc. In its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Pilgrim park, inc.'s returns for the years ended june 30, 2014, 2015, and 2016 are subject to examination by federal and state taxing authorities, generally for three years after they are filed.

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01898326
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05109160
IRS990ScheduleD/EquipmentGrp/BookValueAmt0142735
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0764778
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0907513
IRS990ScheduleD/ExpensesSubtotalAmt01140466
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0165050
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2001
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0418303
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1103719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt263872
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt352704
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt439969
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING DEFICIT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4MORTGAGE ESCROW DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0449875
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0-2001
IRS990ScheduleD/RevenueSubtotalAmt01421058
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION IS MADE FOR INCOME TAXES SINCE THE CORPORATION HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA FRANCHISE TAX UNDER SECTION 23701 (D) OF THE REVENUE AND TAXATION CODE. GAAP PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY PILGRIM PARK, INC. IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY PILGRIM PARK, INC. IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PILGRIM PARK, INC.'S RETURNS FOR THE YEARS ENDED JUNE 30, 2014, 2015, AND 2016 ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0678567
IRS990ScheduleD/TotalExpensesPerForm990Amt01140466
IRS990ScheduleD/TotalLiabilityAmt090294
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01419057
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DELEGATED TO JOHN STEWART COMPANY, 1388 SUTTER ST., 11TH FLOOR, SAN FRANCISCO, CA 94109
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON APPROVAL, A COPY OF THE FINAL FORM 990 IS PREPARED AND MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS SELF-MONITORED BY THE BOARD OF DIRECTORS AT THEIR QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01140466
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IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0108
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0108
IRS990/TotalProgramServiceExpensesAmt01140466
IRS990/TotalProgramServiceRevenueAmt0715610
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01421058
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04672587
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01176476
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 MERRYDALE ROAD
IRS990/USAddress/CityNm0SAN RAFAEL
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094903
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG RIPLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04154993350
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PILGRIM PARK INC
ReturnHeader/Filer/BusinessNameControlTxt0PILG
ReturnHeader/Filer/EIN0237073010
ReturnHeader/Filer/PhoneNum04154993350
ReturnHeader/Filer/USAddress/AddressLine1Txt033 MERRYDALE ROAD
ReturnHeader/Filer/USAddress/CityNm0SAN RAFAEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FCB546A5E8B59B418B4AF368C938BE6436A6791F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263874426
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOLDEN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt068 MITCHELL BLVD STE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN RAFAEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0949032060

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.48$1.89$4.58$1.99$1.45$0.54
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.03$1.99$4.04$1.91$1.35$0.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.64$2.16$3.48$1.76$1.24$0.52
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$2.35$2.96$1.67$1.20$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$2.57$2.49$1.61$1.20$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$2.69$2.08$1.57$1.20$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.52$2.81$1.71$1.54$1.12$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$2.96$1.29$1.45$1.62$0.17
2017Detailed filing. Detailed filing data is available for this year.$4.82$3.36$1.46$1.42$1.14$0.28
2016Detailed filing. Detailed filing data is available for this year.$4.67$3.50$1.18$1.28$1.17$0.11
2015Detailed filing. Detailed filing data is available for this year.$4.61$3.55$1.06$1.17$1.11$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.66$3.66$0.99$1.14$1.16$0.02