Civic Intelligence

Milpitas Economic Development Corporation

EIN 27-5492655 • 501(c)3 • Milpitas, CA

Profile

The milpitas economic development corporation, inc. (edc) is dedicated to developing, preserving, and protecting the quality of life and cultural diversity for all of milpitas residents while maintaining high quality public services in partnership with our citizens. The edc is created to continue the redevelopment and revitalizing of the city by improving and enhancing the social, economic, and physical environment of the community. The priority of the edc is to continue the goals of the redevelopment agency act on behalf of the redevelopment agency of the city of milpitas to create a dynamic and desirable business and shopping environment.

455 East Calaveras BoulevardMilpitas, CA 95035

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

1st percentile

-6276%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $4,099,169 (-100%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $4,093,239 (-100%) from 2014

Operations
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

Down

$1,603

Down $1,168,229 (-100%) from 2014

Expenses

Down

$102,215

Down $263,601 (-72%) from 2014

Net Income

Down

-$100,612

Down $904,628 (-113%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2013: $54,854,617Liabilities 2013: $12,918,709Net Assets 2013: $41,935,9082013Assets 2014: $4,099,169Liabilities 2014: $5,930Net Assets 2014: $4,093,2392014Assets 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities-
Net Assets$0
Open 2015 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2013: $302,3752013Revenue 2014: $1,169,832Expenses 2014: $365,816Net Income 2014: $804,0162014Revenue 2015: $1,603Expenses 2015: $102,215Net Income 2015: -$100,6122015

Highlighted filing

2015

Revenue$1,603
Expenses$102,215
Net Income-$100,612
Open 2015 Filing

Filings

Most recent year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
$1,603
Expenses
$102,215
Net income
-$100,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.10$0.10
2014Detailed filing. Detailed filing data is available for this year.$4.10$0.01$4.09$1.17$0.37$0.80
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.9$12.9$41.9$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 7, 2016
Return Version
2014v6.0
Gross Receipts
$1,603
Mission and Program Overview

Mission

The milpitas economic development corporation, inc. (edc) is dedicated to developing, preserving, and protecting the quality of life and cultural diversity for all of milpitas residents while maintaining high quality public services in partnership with our citizens. The edc is created to continue the redevelopment and revitalizing of the city by improving and enhancing the social, economic, and physical environment of the community. The priority of the edc is to continue the goals of the redevelopment agency act on behalf of the redevelopment agency of the city of milpitas to create a dynamic and desirable business and shopping environment.

Program Services

DescriptionGrantsExpenses
THE PURPOSE OF THE CORPORATION IS TO CONTINUE THE REDEVELOPMENT AND REVITALIZING OF THE CITY BY IMPROVING AND ENHANCING THE SOCIAL, ECONOMIC, AND PHYSICAL ENVIRONMENT OF THE COMMUNITY.$97,790-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSE ESTEVESBoard Chair-$0--
GARY BARBADILLODirector-$0--
DEBBIE GIORDANODirector-$0--
MARSHA GRILLIDirector-$0--
EMMA KARLENCFOFT$0--
CARMEN MONTANOVice Chair-$0--
THOMAS WILLIAMSPresidentFT$0--
MARY LAVELLESecretaryFT$0--
MICHAEL OGAZCorp CounselFT$0--
Filing and Contact Details

Filer

Filer Name
Milpitas Economic Development
EIN
27-5492655
Phone
4085863125
Address
455 EAST CALAVERAS BOULEVARD, MILPITAS, CA 95035

Signing Officer

Name
Emma Karlen
Title
CFO
Signed
2016-04-07
Discuss with paid preparer
Yes

Preparer

Firm
Maze & Associates
Address
3478 BUSKIRK AVE STE 215, PLEASANT HILL, CA 94523-4346
Preparer
Vikki C Rodriguez
Phone
9259300902
Supplemental Narrative

Additional Explanations

Other Assets.1005

“Accounts Receivable - Beginning $1158 Accounts Receivable - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $5930 Accounts Payable and Accrued Expenses - Ending $0”

Raw XML Appendix133 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0JANE CORPUS
IRS990EZ/BooksInCareOfDetail/PhoneNum04085863125
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0455 EAST CALAVERAS BOULEVARD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MILPITAS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095035
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04098011
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-100612
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0102215
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt04099169
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt01603
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt01603
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt04093239
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt04093239
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt440.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt640.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt740.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt840.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOSE ESTEVES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GARY BARBADILLO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DEBBIE GIORDANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARSHA GRILLI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4EMMA KARLEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CARMEN MONTANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6THOMAS WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MARY LAVELLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MICHAEL OGAZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8CORP COUNSEL
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01158
IRS990EZ/OtherChangesInNetAssetsAmt0-3992627
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MILPITAS ECONOMIC DEVELOPMENT CORPORATION, INC. (EDC) IS DEDICATED TO DEVELOPING, PRESERVING, AND PROTECTING THE QUALITY OF LIFE AND CULTURAL DIVERSITY FOR ALL OF MILPITAS RESIDENTS WHILE MAINTAINING HIGH QUALITY PUBLIC SERVICES IN PARTNERSHIP WITH OUR CITIZENS. THE EDC IS CREATED TO CONTINUE THE REDEVELOPMENT AND REVITALIZING OF THE CITY BY IMPROVING AND ENHANCING THE SOCIAL, ECONOMIC, AND PHYSICAL ENVIRONMENT OF THE COMMUNITY. THE PRIORITY OF THE EDC IS TO CONTINUE THE GOALS OF THE REDEVELOPMENT AGENCY ACT ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF MILPITAS TO CREATE A DYNAMIC AND DESIRABLE BUSINESS AND SHOPPING ENVIRONMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE PURPOSE OF THE CORPORATION IS TO CONTINUE THE REDEVELOPMENT AND REVITALIZING OF THE CITY BY IMPROVING AND ENHANCING THE SOCIAL, ECONOMIC, AND PHYSICAL ENVIRONMENT OF THE COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt097790
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05930
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0102215
IRS990EZ/TotalProgramServiceExpensesAmt097790
IRS990EZ/TotalRevenueAmt01603
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounts Receivable - Beginning $1158 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Accounts Payable and Accrued Expenses - Beginning $5930 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Total Liabilities.1001
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EMMA KARLEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILPITAS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MILP
ReturnHeader/Filer/EIN0275492655
ReturnHeader/Filer/PhoneNum04085863125
ReturnHeader/Filer/USAddress/AddressLine1Txt0455 EAST CALAVERAS BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0MILPITAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095035
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAZE & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03478 BUSKIRK AVE STE 215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLEASANT HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0945234346
ReturnHeader/PreparerPersonGrp/PhoneNum09259300902
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VIKKI C RODRIGUEZ
ReturnHeader/ReturnTs02016-04-07T12:02:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.