Civic Intelligence

703 Cedar Street Inc.

990 • Fiscal year 2018 • EIN 26-0006204

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 30, 2018

723 Cedar Street OGarberville, CA 95542

(707) 923-1035

Siviq Scores

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

Liabilities / Assets

95th percentile

1.34x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

22.54x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

4th percentile

-71%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.6%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-7.5%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,561,633

Down $135,032 (-8.0%) from 2016

Net Assets

Down

-$536,950

Down $136,518 (-34%) from 2016

Liabilities

Up

$2,098,583

Up $1,486 (+0.1%) from 2016

Revenue

Up

$93,098

Up $4,626 (+5.2%) from 2016

Expenses

Up

$158,743

Up $21,848 (+16%) from 2016

Net Income

Down

-$65,645

Down $17,222 (-36%) from 2016

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

2018

Assets$1,561,633
Liabilities$2,098,583
Net Assets-$536,950

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

2018

Revenue$93,098
Expenses$158,743
Net Income-$65,645
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 30, 2018
Return Version
2017v2.2
Gross Receipts
$93,098
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$1,475,286$1,429,374▼ $45,912
Savings and Temporary Cash Investments$3,768$3,769▲ $1
Prepaid Expenses and Deferred Charges$1,407$1,413▲ $6
Cash and Non-Interest-Bearing Accounts$241$826▲ $585
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$1,636,496$1,561,633▼ $74,863
Other Assets Total$155,794$126,251▼ $29,543
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,082,728$2,082,728→ $0
Accounts Payable and Accrued Expenses$22,042$12,662▼ $9,380
Other Liabilities$3,031$3,193▲ $162
Total Liabilities$2,107,801$2,098,583▼ $9,218
Net Assets / Fund Balance
Unrestricted Net Assets$-471,305$-536,950▼ $65,645
Total Net Assets Fund Balance$-471,305$-536,950▼ $65,645
Total Liabilities and Net Assets / Fund Balance$1,636,496$1,561,633▼ $74,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,203,392$546,997$1,750,389
Land$200,000-$200,000
Leasehold Improvements$25,123$9,302$34,425
Other Land Buildings$859$15,249$16,108
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diane LehmanPresident
Douglas FirDirector
Ray WilcoxDirector
Ted MadsenDirector
Dian PecoraSecretary
Christina HuffVP/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,420
Program Service Revenue
$30,606
Investment Income
$72
Other Revenue
$0
Change in Net Assets
$-65,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$93,098
Total Revenue per Audited Statements
$93,098
Total Revenue per Form 990
$93,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,540
Salaries, Compensation, and Employee Benefits$49,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$45,911--$45,911
Other Salaries and Wages$15,898$13,424-$29,322
Other Employee Benefits$9,547$8,132-$17,679
Fees for Services Legal$17,675--$17,675
Fees for Services Management-$7,655-$7,655
Office Expenses$5,582--$5,582
Insurance$5,039--$5,039
Fees for Services Accounting$5,000--$5,000
Payroll Taxes$1,189$1,013-$2,202
Fees for Services Other$1,254--$1,254
Other Expenses$665--$665
Advertising$110--$110
Total Functional Expenses$128,519$30,224$0$158,743

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$158,743
Total Expenses per Audited Statements$158,743
Total Expenses per Form 990$158,743
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$3,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
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 O, Garberville, CA 95542

Signing Officer

Name
Christina Huff
Title
VP/Treasurer
Signed
2018-08-30
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/PYInvestmentIncomeAmt047
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0124279
IRS990/PYProgramServiceRevenueAmt038578
IRS990/PYRevenuesLessExpensesAmt0-70873
IRS990/PYSalariesCompEmpBnftPaidAmt047285
IRS990/PYTotalExpensesAmt0171564
IRS990/PYTotalRevenueAmt0100691
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-65645
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03768
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03769
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt093026
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0100644
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt088426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt090386
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt088623
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0461105
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt072
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt072
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0261
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01226
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01226
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99680
IRS990ScheduleA/PublicSupportPY509Pct00.99670
IRS990ScheduleA/PublicSupportTotal509Amt0461105
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt093026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0100644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt088426
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt090386
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt088623
IRS990ScheduleA/Total509Grp/TotalAmt0461105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt093098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0100691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt088472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt091653
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt088678
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0462592
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01203392
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0546997
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01750389
IRS990ScheduleD/ExpensesSubtotalAmt0158743
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025123
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09302
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt034425
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07942
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1115918
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22390
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Reserve for Replacements
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Residual Receipts Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Rounding
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0859
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015249
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016108
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenants Deposits Held in Trust
IRS990ScheduleD/RevenueSubtotalAmt093098
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01429374
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0126251
IRS990ScheduleD/TotalExpensesPerForm990Amt0158743
IRS990ScheduleD/TotalLiabilityAmt03193
IRS990ScheduleD/TotalRevenuePerForm990Amt093098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt093098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0158743
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/TotalAssetsBOYAmt01636496
IRS990/TotalAssetsEOYAmt01561633
IRS990/TotalAssetsGrp/BOYAmt01636496
IRS990/TotalAssetsGrp/EOYAmt01561633
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062420
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030224
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128519
IRS990/TotalFunctionalExpensesGrp/TotalAmt0158743

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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
2018Detailed filing. Detailed filing data is available for this year.$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