Civic Intelligence

First Congregational Memorial Tower

990 • Fiscal year 2018 • EIN 23-7384453

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 09, 2018

Organization ProfileN/A
PO Box 7070Pasadena, CA 91109

(323) 258-3512

Siviq Scores

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

Liabilities / Assets

90th percentile

0.95x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

5.51x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

9th percentile

-29%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

99th percentile

353%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

2.9%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$7,679,655

Up $5,984,525 (+353%) from 2017

Net Assets

Down

$392,380

Down $383,069 (-49%) from 2017

Liabilities

Up

$7,287,275

Up $6,367,594 (+692%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin9th percentile

Revenue

Up

$1,323,715

Up $37,543 (+2.9%) from 2017

Expenses

Up

$1,706,784

Up $601,758 (+54%) from 2017

Net Income

Down

-$383,069

Down $564,215 (-311%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$10M$5.0M$0Assets 2015: $1,922,255Liabilities 2015: $1,401,446Net Assets 2015: $520,8092015Assets 2016: $1,870,863Liabilities 2016: $1,183,398Net Assets 2016: $687,4652016Assets 2017: $1,695,130Liabilities 2017: $919,681Net Assets 2017: $775,4492017Assets 2018: $7,679,655Liabilities 2018: $7,287,275Net Assets 2018: $392,3802018Assets 2019: $6,862,403Liabilities 2019: $6,559,814Net Assets 2019: $302,5892019Assets 2020: $6,744,470Liabilities 2020: $6,431,367Net Assets 2020: $313,1032020Assets 2021: $6,684,595Liabilities 2021: $6,332,209Net Assets 2021: $352,3862021Assets 2022: $6,531,054Liabilities 2022: $6,219,239Net Assets 2022: $311,8152022Assets 2025: $9,862,841Liabilities 2025: $5,820,553Net Assets 2025: $4,042,2882025

Highlighted filing

2018

Assets$7,679,655
Liabilities$7,287,275
Net Assets$392,380
Open 2018 Filing

Operations Trend

Revenue Growth47th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,251,881Expenses 2015: $1,118,531Net Income 2015: $133,3502015Revenue 2016: $1,270,884Expenses 2016: $1,066,180Net Income 2016: $204,7042016Revenue 2017: $1,286,172Expenses 2017: $1,105,026Net Income 2017: $181,1462017Revenue 2018: $1,323,715Expenses 2018: $1,706,784Net Income 2018: -$383,0692018Revenue 2019: $1,377,621Expenses 2019: $1,467,412Net Income 2019: -$89,7912019Revenue 2020: $1,431,741Expenses 2020: $1,421,227Net Income 2020: $10,5142020Revenue 2021: $1,444,960Expenses 2021: $1,405,677Net Income 2021: $39,2832021Revenue 2022: $1,449,134Expenses 2022: $1,489,705Net Income 2022: -$40,5712022Revenue 2025: $3,399,170Expenses 2025: $1,964,801Net Income 2025: $1,434,3692025

Highlighted filing

2018

Revenue$1,323,715
Expenses$1,706,784
Net Income-$383,069
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 9, 2018
Return Version
2017v2.2
Gross Receipts
$1,323,715
Mission and Program Overview

Mission

To operate a 100 unit senior citizen housing complex which serves the low-income, elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,114$1,261,581▲ $1,253,467
Land, Buildings, and Equipment, Net$1,082,624$941,043▼ $141,581
Intangible Assets-$229,602-
Prepaid Expenses and Deferred Charges$40,324$30,547▼ $9,777
Accounts Receivable$231$56▼ $175
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,695,130$7,679,655▲ $5,984,525
Other Assets Total$563,837$5,216,826▲ $4,652,989
Liabilities
Mortgage Notes Payable Secured by Investment Property$843,524$6,542,058▲ $5,698,534
Accounts Payable and Accrued Expenses$47,750$716,308▲ $668,558
Other Liabilities$28,407$28,909▲ $502
Total Liabilities$919,681$7,287,275▲ $6,367,594
Net Assets / Fund Balance
Unrestricted Net Assets$775,449$392,380▼ $383,069
Total Net Assets Fund Balance$775,449$392,380▼ $383,069
Total Liabilities and Net Assets / Fund Balance$1,695,130$7,679,655▲ $5,984,525

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$677,043$4,152,105$4,829,148
Other Land Buildings-$528,801$528,801
Land$264,000-$264,000
Other Assets Org$28,909--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Mike BurrowsPresident
Ed HomVice President
Bob MurphyDirector
Glenn DunhamDirector
Marla McbrideDirector
Jane HaubertCFO
Jane AhernSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,309,342
Investment Income
$14,373
Other Revenue
$0
Change in Net Assets
$-383,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,215,258
Revenue Not Reported on Financial Statements
$108,457
Other Revenue Adjustments
$108,457
Total Revenue per Audited Statements
$1,215,258
Total Revenue per Form 990
$1,323,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,420,870
Salaries, Compensation, and Employee Benefits$285,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$622,631--$622,631
Other Salaries and Wages$106,128$118,395-$224,523
Depreciation Depletion$147,182--$147,182
All Other Expenses$56,077$24,383-$80,460
Fees for Services Management-$72,630-$72,630
Insurance$53,143$5,628-$58,771
Other Employee Benefits$19,512$24,170-$43,682
Other Expenses$31,471--$31,471
Fees for Services Accounting-$24,214-$24,214
Payroll Taxes$8,371$9,338-$17,709
Office Expenses-$15,815-$15,815
Conferences and Meetings-$2,700-$2,700
Fees for Services Legal-$685-$685
Total Functional Expenses$1,408,826$297,958$0$1,706,784

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,706,784
Expenses per Audited Statements$1,183,666
Total Expenses per Audited Statements$1,183,666
Expenses Not Reported on Financial Statements$523,118
Other Expense Adjustments$523,118
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
Tenant Ecurity Deposits$28,909
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“A management company is responsible for the daily operations of the housing project.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is initially reviewed by falkenberg/gilliam and associates finance department and then forwarded to the board members for review and signature.”

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

“The financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
First Congregational Memorial Tower
EIN
23-7384453
Phone
3232583512
Address
PO BOX 7070, PASADENA, CA 91109

Signing Officer

Name
Mike Burrows
Title
President
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Burrows
Formed
1974
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108-3820
Preparer
Michael J Zizzi
Phone
6192947200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“THE AUDITED FINANCIAL STATEMENTS ARE FOR THE PERIOD FROM AUGUST 1, 2017 TO JUNE 30, 2018 (11 MONTHS). UNAUDITED JULY 2017 ACTIVITY IS INCLUDED IN THE 990.THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D)OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION.The Organizations Return of Organization Exempt from Income Tax for the years ended June 30, 2018, 2017, 2016 and 2015 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“July 2017 activity $108457”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“July 2017 activity $523118”

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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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IRS990/OtherExpensesGrp/ProgramServicesAmt0188543
IRS990/OtherExpensesGrp/ProgramServicesAmt1130745
IRS990/OtherExpensesGrp/ProgramServicesAmt245023
IRS990/OtherExpensesGrp/ProgramServicesAmt331471
IRS990/OtherExpensesGrp/TotalAmt0188543
IRS990/OtherExpensesGrp/TotalAmt1130745
IRS990/OtherExpensesGrp/TotalAmt245023
IRS990/OtherExpensesGrp/TotalAmt331471
IRS990/OtherLiabilitiesGrp/BOYAmt028407
IRS990/OtherLiabilitiesGrp/EOYAmt028909
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0118395
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0106128
IRS990/OtherSalariesAndWagesGrp/TotalAmt0224523
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09338
IRS990/PayrollTaxesGrp/ProgramServicesAmt08371
IRS990/PayrollTaxesGrp/TotalAmt017709
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040324
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030547
IRS990/PrincipalOfficerNm0MIKE BURROWS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE PAYMENT
IRS990/ProgramServiceRevenueGrp/Desc2TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03434
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1919548
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2386360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03434
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1919548
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2386360
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02735
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0844468
IRS990/PYProgramServiceRevenueAmt01283437
IRS990/PYRevenuesLessExpensesAmt0181146
IRS990/PYSalariesCompEmpBnftPaidAmt0260558
IRS990/PYTotalExpensesAmt01105026
IRS990/PYTotalRevenueAmt01286172
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-383069
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01309342
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0919548
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0875260
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0865636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0848862
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0856398
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04365704
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01470
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01205
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt020793
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0389794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0408177
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0403778
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0402009
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0381068
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01984826
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01470
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt020793
IRS990ScheduleA/InvestmentIncomeCYPct00.00330
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99670
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt06350530
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01309342
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01283437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01269414
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01250871
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01237466
IRS990ScheduleA/Total509Grp/TotalAmt06350530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01323715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01286172
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01270884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01251881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01238671
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06371323
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0677043
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04152105
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04829148
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0523118
IRS990ScheduleD/ExpensesSubtotalAmt01183666
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0264000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0264000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02096250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124513
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21069889
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39655
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41729312
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5258298
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt628909
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2HOLDBACK ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INSURANCE IMPOUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5REPAIR ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7RESERVE FUND FOR OPERATIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0523118
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0528801
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0528801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT ECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0108457
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0108457
IRS990ScheduleD/RevenueSubtotalAmt01215258
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AUDITED FINANCIAL STATEMENTS ARE FOR THE PERIOD FROM AUGUST 1, 2017 TO JUNE 30, 2018 (11 MONTHS). UNAUDITED JULY 2017 ACTIVITY IS INCLUDED IN THE 990.THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D)OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION.The Organizations Return of Organization Exempt from Income Tax for the years ended June 30, 2018, 2017, 2016 and 2015 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1JULY 2017 ACTIVITY $108457
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2JULY 2017 ACTIVITY $523118
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0941043
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05216826
IRS990ScheduleD/TotalExpensesPerForm990Amt01706784

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,679,655
Liabilities
$7,287,275
Net assets
$392,380
Revenue
$1,323,715
Expenses
$1,706,784
Net income
-$383,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.86$5.82$4.04$3.40$1.96$1.43
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$6.22$0.31$1.45$1.49$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$6.33$0.35$1.44$1.41$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.74$6.43$0.31$1.43$1.42$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.86$6.56$0.30$1.38$1.47$0.09
2018Detailed filing. Detailed filing data is available for this year.$7.68$7.29$0.39$1.32$1.71$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.92$0.78$1.29$1.11$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.87$1.18$0.69$1.27$1.07$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.92$1.40$0.52$1.25$1.12$0.13