Civic Intelligence

703 Cedar Street Inc.

990 • Fiscal year 2015 • EIN 26-0006204

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 21, 2015

723 Cedar StreetGarberville, CA 95542

(707) 923-1035

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

24.98x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

29th percentile

-3.3%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

1.3%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,742,537

Down $59,714 (-3.3%) from 2014

Net Assets

Down

-$352,009

Down $58,704 (-20%) from 2014

Liabilities

Down

$2,094,546

Down $1,010 (-0.0%) from 2014

Revenue

Up

$83,841

Up $1,052 (+1.3%) from 2014

Expenses

Up

$142,545

Up $7,797 (+5.8%) from 2014

Net Income

Down

-$58,704

Down $6,745 (-13%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,965,444Liabilities 2010: $2,096,778Net Assets 2010: -$131,3342010Assets 2011: $1,931,915Liabilities 2011: $2,097,212Net Assets 2011: -$165,2972011Assets 2012: $1,894,651Liabilities 2012: $2,094,764Net Assets 2012: -$200,1132012Assets 2013: $1,856,008Liabilities 2013: $2,097,354Net Assets 2013: -$241,3462013Assets 2014: $1,802,251Liabilities 2014: $2,095,556Net Assets 2014: -$293,3052014Assets 2015: $1,742,537Liabilities 2015: $2,094,546Net Assets 2015: -$352,0092015Assets 2016: $1,696,665Liabilities 2016: $2,097,097Net Assets 2016: -$400,4322016Assets 2018: $1,561,633Liabilities 2018: $2,098,583Net Assets 2018: -$536,9502018Assets 2019: $1,533,947Liabilities 2019: $2,096,658Net Assets 2019: -$562,7112019Assets 2020: $1,498,813Liabilities 2020: $2,098,644Net Assets 2020: -$599,8312020Assets 2021: $1,451,549Liabilities 2021: $2,098,396Net Assets 2021: -$646,8472021Assets 2022: $1,424,206Liabilities 2022: $2,121,388Net Assets 2022: -$697,1822022Assets 2023: $1,364,032Liabilities 2023: $2,101,981Net Assets 2023: -$737,9492023

Highlighted filing

2015

Assets$1,742,537
Liabilities$2,094,546
Net Assets-$352,009

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $145,6282010Expenses 2011: $112,5762011Expenses 2012: $118,8652012Expenses 2013: $125,5532013Revenue 2014: $82,789Expenses 2014: $134,748Net Income 2014: -$51,9592014Revenue 2015: $83,841Expenses 2015: $142,545Net Income 2015: -$58,7042015Revenue 2016: $88,472Expenses 2016: $136,895Net Income 2016: -$48,4232016Revenue 2018: $93,098Expenses 2018: $158,743Net Income 2018: -$65,6452018Revenue 2019: $114,036Expenses 2019: $139,797Net Income 2019: -$25,7612019Revenue 2020: $120,962Expenses 2020: $158,082Net Income 2020: -$37,1202020Revenue 2021: $128,225Expenses 2021: $175,241Net Income 2021: -$47,0162021Revenue 2022: $134,010Expenses 2022: $184,345Net Income 2022: -$50,3352022Revenue 2023: $139,185Expenses 2023: $179,952Net Income 2023: -$40,7672023

Highlighted filing

2015

Revenue$83,841
Expenses$142,545
Net Income-$58,704
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 21, 2015
Return Version
2014v5.0
Gross Receipts
$83,841
Mission and Program Overview

Mission

703 Cedar Street, Inc., a non-profit organization whose purpose is developing & operating subsidized housing for the low-income seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,589,760$1,547,367▼ $42,393
Savings and Temporary Cash Investments$3,895$4,056▲ $161
Cash and Non-Interest-Bearing Accounts$2,184$1,986▼ $198
Prepaid Expenses and Deferred Charges$1,441$1,388▼ $53
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,802,251$1,742,537▼ $59,714
Other Assets Total$204,971$187,740▼ $17,231
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,082,728$2,082,728→ $0
Accounts Payable and Accrued Expenses$10,147$9,110▼ $1,037
Other Liabilities$2,681$2,708▲ $27
Total Liabilities$2,095,556$2,094,546▼ $1,010
Net Assets / Fund Balance
Unrestricted Net Assets$-293,305$-352,009▼ $58,704
Total Net Assets Fund Balance$-293,305$-352,009▼ $58,704
Total Liabilities and Net Assets / Fund Balance$1,802,251$1,742,537▼ $59,714

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,334,671$415,718$1,750,389
Land$200,000-$200,000
Other Land Buildings$2,149$13,959$16,108
Leasehold Improvements$10,547$5,078$15,625
Other Assets Org$12,902--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diane LehmanPresident
Christina HuffDirector
Ray WilcoxDirector
Ted MadsenDirector
Dian PecoraSecretary
Sharon ToborgVP/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$57,384
Program Service Revenue
$26,416
Investment Income
$41
Other Revenue
$0
Change in Net Assets
$-58,704

Audited Revenue Reconciliation

Revenue per Audited Statements
$83,841
Total Revenue per Audited Statements
$83,841
Total Revenue per Form 990
$83,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,855
Salaries, Compensation, and Employee Benefits$52,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$42,314$2,227-$44,541
Other Salaries and Wages$19,839$10,683-$30,522
Other Employee Benefits$13,010$7,006-$20,016
Fees for Services Management$9,145--$9,145
Fees for Services Accounting$5,890--$5,890
Office Expenses$3,945$1,315-$5,260
Insurance$4,999--$4,999
Payroll Taxes$1,399$753-$2,152
Conferences and Meetings$1,381--$1,381
Other Expenses$494--$494
All Other Expenses$197--$197
Total Functional Expenses$120,561$21,984$0$142,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$142,545
Total Expenses per Audited Statements$142,545
Total Expenses per Form 990$142,545
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
Tenants Deposits Held in Trust$2,708
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
Yes
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

Day to Day management including maintenance, tenant compliance, financial and regulatory reporting is performed under contract with CCHNC.

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

Form 990 is reviewed initially by the CFO and the controller before it is submitted to Board Personnel for review.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

AForm 990 is reviewed initially by the CFO and the controller before it is submitted to Board Personnel for review.

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

The Organization makes available to public the governing documents, policies, procedures and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
703 Cedar Street Inc
EIN
26-0006204
Phone
7079231035
Address
723 Cedar Street, Garberville, CA 95542

Signing Officer

Name
Sharon Toborg
Title
VP/Treasurer
Signed
2015-10-21
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
6

Preparer

Firm
Allan Liu CPA
Address
201 WILLOW AVE, MILLBRAE, CA 94030-2536
Preparer
Allan Liu
Phone
6506921172
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt055
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt092904
IRS990/PYProgramServiceRevenueAmt027034
IRS990/PYRevenuesLessExpensesAmt0-51959
IRS990/PYSalariesCompEmpBnftPaidAmt041844
IRS990/PYTotalExpensesAmt0134748
IRS990/PYTotalRevenueAmt082789
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-58704
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03895
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04056
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt090386
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt088623
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt084258
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt083902
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt078343
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0425512
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0270
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0575
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01226
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01226
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99580
IRS990ScheduleA/PublicSupportPY509Pct00.99000
IRS990ScheduleA/PublicSupportTotal509Amt0425512
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt090386
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt088623
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt084258
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt083902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt078343
IRS990ScheduleA/Total509Grp/TotalAmt0425512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt091653
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt088678
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt084320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt084049
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt078613
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0427313
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01334671
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0415718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01750389
IRS990ScheduleD/ExpensesSubtotalAmt0142545
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010547
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05078
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015625
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08605
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1166233
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt212902
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Reserve for Replacements
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Residual Receipts Reserve
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02149
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013959
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016108
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenants Deposits Held in Trust
IRS990ScheduleD/RevenueSubtotalAmt083841
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01547367
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0187740
IRS990ScheduleD/TotalExpensesPerForm990Amt0142545
IRS990ScheduleD/TotalLiabilityAmt02708
IRS990ScheduleD/TotalRevenuePerForm990Amt083841
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt083841
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0142545
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Day to Day management including maintenance, tenant compliance, financial and regulatory reporting is performed under contract with CCHNC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed initially by the CFO and the controller before it is submitted to Board Personnel for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AForm 990 is reviewed initially by the CFO and the controller before it is submitted to Board Personnel for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes available to public the governing documents, policies, procedures and financial statements upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01802251
IRS990/TotalAssetsEOYAmt01742537
IRS990/TotalAssetsGrp/BOYAmt01802251
IRS990/TotalAssetsGrp/EOYAmt01742537
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt057384
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021984
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0120561
IRS990/TotalFunctionalExpensesGrp/TotalAmt0142545
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02095556

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$2.10$0.74$0.14$0.18$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$2.12$0.70$0.13$0.18$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$2.10$0.65$0.13$0.18$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$2.10$0.60$0.12$0.16$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$2.10$0.56$0.11$0.14$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$2.10$0.54$0.09$0.16$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.70$2.10$0.40$0.09$0.14$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.74$2.09$0.35$0.08$0.14$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.80$2.10$0.29$0.08$0.13$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$2.10$0.24$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$2.09$0.20$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$2.10$0.17$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$2.10$0.13$0.15
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