Civic Intelligence

San Pablo Economic Development Corporation Inc.

990 • Fiscal year 2016 • EIN 27-5395012

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 27, 2017

13830 San Pablo AvenueSan Pablo, CA 94806

(510) 215-3203

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

15.27x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

15th percentile

-6.0%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$18,325,105

Down $1,172,526 (-6.0%) from 2015

Net Assets

Down

$1,402,789

Down $450,067 (-24%) from 2015

Liabilities

Down

$16,922,316

Down $722,459 (-4.1%) from 2015

Revenue

Down

$1,108,493

Down $1,136,185 (-51%) from 2015

Expenses

Up

$1,558,560

Up $403,664 (+35%) from 2015

Net Income

Down

-$450,067

Down $1,539,849 (-141%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2014: $11,174,658Liabilities 2014: $10,411,584Net Assets 2014: $763,0742014Assets 2015: $19,497,631Liabilities 2015: $17,644,775Net Assets 2015: $1,852,8562015Assets 2016: $18,325,105Liabilities 2016: $16,922,316Net Assets 2016: $1,402,7892016Assets 2017: $17,677,244Liabilities 2017: $16,910,107Net Assets 2017: $767,1372017Assets 2018: $17,019,641Liabilities 2018: $16,832,360Net Assets 2018: $187,2812018Assets 2020: $9,889,478Liabilities 2020: $9,043,459Net Assets 2020: $846,0192020Assets 2021: $9,766,150Liabilities 2021: $8,863,089Net Assets 2021: $903,0612021Assets 2022: $3,837,713Liabilities 2022: $1,364,551Net Assets 2022: $2,473,1622022Assets 2025: $4,823,107Liabilities 2025: $1,654,139Net Assets 2025: $3,168,9682025

Highlighted filing

2016

Assets$18,325,105
Liabilities$16,922,316
Net Assets$1,402,789

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $457,866Expenses 2014: $606,996Net Income 2014: -$149,1302014Revenue 2015: $2,244,678Expenses 2015: $1,154,896Net Income 2015: $1,089,7822015Revenue 2016: $1,108,493Expenses 2016: $1,558,560Net Income 2016: -$450,0672016Revenue 2017: $1,137,556Expenses 2017: $1,773,208Net Income 2017: -$635,6522017Revenue 2018: $1,194,163Expenses 2018: $1,774,019Net Income 2018: -$579,8562018Revenue 2020: $3,039,004Expenses 2020: $1,776,594Net Income 2020: $1,262,4102020Revenue 2021: $1,547,884Expenses 2021: $1,490,842Net Income 2021: $57,0422021Revenue 2022: $3,639,773Expenses 2022: $2,069,672Net Income 2022: $1,570,1012022Revenue 2025: $1,665,011Expenses 2025: $1,554,883Net Income 2025: $110,1282025

Highlighted filing

2016

Revenue$1,108,493
Expenses$1,558,560
Net Income-$450,067
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 27, 2017
Return Version
2015v3.0
Gross Receipts
$1,108,493
Mission and Program Overview

Mission

The san pablo economic development corporation, inc. (edc) is dedicated to creating economic opportunity through education, partnership and collaboration. The edc is created to stabilize, diversify and develop the local economy through education and training of the community's workforce and businesses.

The san pablo economic development corporation, inc. (edc) is dedicated to the creation of economic opportunity through education, training, partnership, and collaboration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,379,430$16,563,551▲ $6,184,121
Savings and Temporary Cash Investments$3,038,711$1,731,463▼ $1,307,248
Accounts Receivable-$19,765-
Prepaid Expenses and Deferred Charges-$10,326-
Cash and Non-Interest-Bearing Accounts-$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$19,497,631$18,325,105▼ $1,172,526
Other Assets Total$6,079,490$0▼ $6,079,490
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,806,000$16,806,000→ $0
Accounts Payable and Accrued Expenses$838,775$116,316▼ $722,459
Total Liabilities$17,644,775$16,922,316▼ $722,459
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,055,405$1,051,530▼ $3,875
Unrestricted Net Assets$797,451$351,259▼ $446,192
Total Net Assets Fund Balance$1,852,856$1,402,789▼ $450,067
Total Liabilities and Net Assets / Fund Balance$19,497,631$18,325,105▼ $1,172,526

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,158,645$432,000$8,590,645
Leasehold Improvements$6,166,239$286,802$6,453,041
Land$1,835,000-$1,835,000
Other Land Buildings$331,054$128,730$459,784
Equipment$72,613$17,768$90,381
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$366,950
Program Service Revenue
$544,768
Investment Income
$85,135
Other Revenue
$111,640
All Other Contributions
$16,950
Change in Net Assets
$-450,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,108,493
Total Revenue per Audited Statements
$1,108,493
Total Revenue per Form 990
$1,108,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,191,662
Salaries, Compensation, and Employee Benefits$359,398
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$586,698-$586,698
Comp Disqual Persons$286,393--$286,393
Interest-$158,880-$158,880
Other Employee Benefits$47,385--$47,385
Occupancy-$44,100-$44,100
Payroll Taxes$25,620--$25,620
Insurance-$15,203-$15,203
Fees for Services Other-$15,094-$15,094
Travel-$13,612-$13,612
Fees for Services Accounting-$9,474-$9,474
Grants to Domestic Orgs$7,500--$7,500
Other Expenses-$3,305-$3,305
Office Expenses-$139-$139
Total Functional Expenses$366,898$1,191,662$0$1,558,560

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,558,560
Total Expenses per Audited Statements$1,558,560
Total Expenses per Form 990$1,558,560
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-
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The treasurer reviews the form 990 for accuracy and completeness, signs and files the return on behalf of the governing board. Copies of the form 990 are provided to each board member for review and discussion at the next scheduled board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members file fppc form 700 statement of economic interest.

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

The organization's governing documents, policies, financial statements and information returns are available by submitting a request in writing to the corporation.

Filing and Contact Details

Filer

Filer Name
San Pablo Economic Development
EIN
27-5395012
Phone
5102153203
Address
13830 SAN PABLO AVENUE, SAN PABLO, CA 94806

Signing Officer

Name
Elizabeth Pabon
Title
Treasurer
Signed
2017-02-27
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Maze & Associates
Address
3478 BUSKIRK AVE STE 215, PLEASANT HILL, CA 94523-4346
Preparer
Timothy J Krisch
Phone
9259300902
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IRS990/RentalIncomeOrLossGrp/RealAmt055249
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01731463
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0356406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0356248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01114844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02494448
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt085135
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085096
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt061328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031783
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06576
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0269918
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0555249
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01761331
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0780
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02317360
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IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02494448
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0366950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0356406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0356248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01114844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02494448
IRS990ScheduleA/TotalSupportAmt05081726
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08158645
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0432000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08590645
IRS990ScheduleD/EquipmentGrp/BookValueAmt072613
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017768
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090381
IRS990ScheduleD/ExpensesSubtotalAmt01558560
IRS990ScheduleD/LandGrp/BookValueAmt01835000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01835000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06166239
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0286802
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06453041
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0331054
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0128730
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0459784
IRS990ScheduleD/RevenueSubtotalAmt01108493
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016563551
IRS990ScheduleD/TotalExpensesPerForm990Amt01558560
IRS990ScheduleD/TotalRevenuePerForm990Amt01108493
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01108493
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01558560
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS, SIGNS AND FILES THE RETURN ON BEHALF OF THE GOVERNING BOARD. COPIES OF THE FORM 990 ARE PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND DISCUSSION AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS FILE FPPC FORM 700 STATEMENT OF ECONOMIC INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND INFORMATION RETURNS ARE AVAILABLE BY SUBMITTING A REQUEST IN WRITING TO THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SAN PABLO ECONOMIC DEVELOPMENT CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0HEALTHY EATING AND ACTIVE LIVING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0800821334
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLDING TITLE TO PROPERTY FOR SAN PABLO ECON. DEV. CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt013830 SAN PABLO AVENUE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SAN PABLO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd094806
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF SAN PABLO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MUNICIPAL SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt013831 SAN PABLO AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN PABLO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094806
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01051530
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt019497631
IRS990/TotalAssetsEOYAmt018325105
IRS990/TotalAssetsGrp/BOYAmt019497631
IRS990/TotalAssetsGrp/EOYAmt018325105
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0366950
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01191662
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0366898
IRS990/TotalFunctionalExpensesGrp/TotalAmt01558560
IRS990/TotalGrossUBIAmt00

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