Civic Intelligence

Villa Calleguas Inc Co Turning Point Foundation

990 • Fiscal year 2022 • EIN 31-1575268

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 05, 2023

P O Box 24397Ventura, CA 93002

(805) 652-0596

Siviq Scores

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

Liabilities / Assets

99th percentile

3.67x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

11.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

17th percentile

-13%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

12%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$755,124

Down $117,529 (-13%) from 2021

Net Assets

Down

-$2,015,906

Down $106,258 (-5.6%) from 2021

Liabilities

Down

$2,771,030

Down $11,271 (-0.4%) from 2021

Revenue

Up

$251,901

Up $27,739 (+12%) from 2021

Expenses

Up

$358,159

Up $68,565 (+24%) from 2021

Net Income

Down

-$106,258

Down $40,826 (-62%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,917,883Liabilities 2010: $2,801,056Net Assets 2010: -$883,1732010Assets 2011: $1,834,051Liabilities 2011: $2,747,055Net Assets 2011: -$913,0042011Assets 2012: $1,716,634Liabilities 2012: $2,742,697Net Assets 2012: -$1,026,0632012Assets 2013: $1,634,130Liabilities 2013: $2,773,225Net Assets 2013: -$1,139,0952013Assets 2014: $1,535,490Liabilities 2014: $2,763,057Net Assets 2014: -$1,227,5672014Assets 2015: $1,397,379Liabilities 2015: $2,775,908Net Assets 2015: -$1,378,5292015Assets 2016: $1,327,789Liabilities 2016: $2,784,978Net Assets 2016: -$1,457,1892016Assets 2017: $1,238,227Liabilities 2017: $2,768,167Net Assets 2017: -$1,529,9402017Assets 2018: $1,138,991Liabilities 2018: $2,780,355Net Assets 2018: -$1,641,3642018Assets 2019: $1,047,212Liabilities 2019: $2,797,371Net Assets 2019: -$1,750,1592019Assets 2020: $921,216Liabilities 2020: $2,765,432Net Assets 2020: -$1,844,2162020Assets 2021: $872,653Liabilities 2021: $2,782,301Net Assets 2021: -$1,909,6482021Assets 2022: $755,124Liabilities 2022: $2,771,030Net Assets 2022: -$2,015,9062022Assets 2023: $656,499Liabilities 2023: $2,770,014Net Assets 2023: -$2,113,5152023Assets 2024: $559,315Liabilities 2024: $2,777,908Net Assets 2024: -$2,218,5932024

Highlighted filing

2022

Assets$755,124
Liabilities$2,771,030
Net Assets-$2,015,906

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $244,3782010Expenses 2011: $232,4852011Expenses 2012: $264,3992012Revenue 2013: $150,641Expenses 2013: $263,673Net Income 2013: -$113,0322013Revenue 2014: $151,199Expenses 2014: $239,671Net Income 2014: -$88,4722014Revenue 2015: $157,993Expenses 2015: $308,955Net Income 2015: -$150,9622015Revenue 2016: $171,452Expenses 2016: $250,112Net Income 2016: -$78,6602016Revenue 2017: $182,421Expenses 2017: $255,172Net Income 2017: -$72,7512017Revenue 2018: $200,661Expenses 2018: $312,085Net Income 2018: -$111,4242018Revenue 2019: $216,417Expenses 2019: $325,212Net Income 2019: -$108,7952019Revenue 2020: $225,863Expenses 2020: $319,920Net Income 2020: -$94,0572020Revenue 2021: $224,162Expenses 2021: $289,594Net Income 2021: -$65,4322021Revenue 2022: $251,901Expenses 2022: $358,159Net Income 2022: -$106,2582022Revenue 2023: $252,540Expenses 2023: $350,149Net Income 2023: -$97,6092023Revenue 2024: $274,513Expenses 2024: $379,591Net Income 2024: -$105,0782024

Highlighted filing

2022

Revenue$251,901
Expenses$358,159
Net Income-$106,258
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 5, 2023
Return Version
2022v5.0
Gross Receipts
$251,901
Mission and Program Overview

Mission

Low income housing for the disabled and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$659,141$590,705▼ $68,436
Cash and Non-Interest-Bearing Accounts$15,934$8,902▼ $7,032
Prepaid Expenses and Deferred Charges$4,677$4,877▲ $200
Accounts Receivable$54,414$664▼ $53,750
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$872,653$755,124▼ $117,529
Other Assets Total$138,487$149,976▲ $11,489
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,721,698$2,721,698→ $0
Accounts Payable and Accrued Expenses$52,698$41,399▼ $11,299
Other Liabilities$7,905$7,933▲ $28
Total Liabilities$2,782,301$2,771,030▼ $11,271
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,909,648$-2,015,906▼ $106,258
Total Net Assets Fund Balance$-1,909,648$-2,015,906▼ $106,258
Total Liabilities and Net Assets / Fund Balance$872,653$755,124▼ $117,529

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$545,560$2,337,226$2,882,786
Other Land Buildings$38,496$28,698$67,194
Equipment$6,649$350$6,999
Other Assets Org$7,060--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jane SheehanPresident
Jeffery HaydenVice President
Anne M ZachryDirector
Leina BallDirector
Sally KosoffSecretary
Chris NovakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$251,763
Investment Income
$138
Other Revenue
$0
Change in Net Assets
$-106,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,901
Total Revenue per Audited Statements
$251,901
Total Revenue per Form 990
$251,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$108,929--$108,929
Fees for Services Management-$37,832-$37,832
All Other Expenses$22,642--$22,642
Insurance$18,432--$18,432
Other Expenses$9,861$13,777-$9,861
Fees for Services Accounting-$8,225-$8,225
Fees for Services Legal-$4,390-$4,390
Total Functional Expenses$293,935$64,224$0$358,159

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$358,159
Total Expenses per Audited Statements$358,159
Total Expenses per Form 990$358,159
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 security deposit$7,060
Prepaid Tenant Rent$873
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Section A, Line 3

Turning Point Foundation is engaged as the management company to care for the daily operations of the site, including care and management as well as the required administrative duties.

Form 990, Part VI, Section B, Line 11B

A draft version of the form 990 is emailed to the management company and board for review and approval prior to the final return being processed for signature.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Villa Calleguas Inc
EIN
31-1575268
Phone
8056520596
Address
P O BOX 24397, VENTURA, CA 93002

Signing Officer

Name
Jane Sheehan
Title
President
Signed
2023-09-05
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Suchan & Associates An Accountancy Corp
Address
8588 Utica Ave Ste 100, Rancho Cucamonga, CA 91730
Preparer
Michele Suchan
Phone
9097816443
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IRS990/ReconcilationRevenueExpnssAmt0-106258
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt078220
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0127
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0297
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0251763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0224035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0225679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0216176
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0200364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01118017
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0127
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0297
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0987
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99910
IRS990ScheduleA/PublicSupportPY509Pct00.99890
IRS990ScheduleA/PublicSupportTotal509Amt01118017
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0251763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0224035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0225679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0216176
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0200364
IRS990ScheduleA/Total509Grp/TotalAmt01118017
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0251901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0224162
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0225863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0216417
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0200661
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01119004
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0545560
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02337226
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02882786
IRS990ScheduleD/EquipmentGrp/BookValueAmt06649
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0350
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06999
IRS990ScheduleD/ExpensesSubtotalAmt0358159
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0142916
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17060
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant deposits held in trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038496
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028698
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0873
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Tenant Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposit
IRS990ScheduleD/RevenueSubtotalAmt0251901
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0590705
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0149976
IRS990ScheduleD/TotalExpensesPerForm990Amt0358159
IRS990ScheduleD/TotalLiabilityAmt07933
IRS990ScheduleD/TotalRevenuePerForm990Amt0251901
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0251901
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0358159
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Turning Point Foundation is engaged as the management company to care for the daily operations of the site, including care and management as well as the required administrative duties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft version of the form 990 is emailed to the management company and board for review and approval prior to the final return being processed for signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies and financial statements are available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0872653
IRS990/TotalAssetsEOYAmt0755124
IRS990/TotalAssetsGrp/BOYAmt0872653
IRS990/TotalAssetsGrp/EOYAmt0755124
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064224
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0293935
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02782301
IRS990/TotalLiabilitiesEOYAmt02771030
IRS990/TotalLiabilitiesGrp/BOYAmt02782301
IRS990/TotalLiabilitiesGrp/EOYAmt02771030
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1909648
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2015906
IRS990/TotalProgramServiceExpensesAmt0293935
IRS990/TotalProgramServiceRevenueAmt0251763
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0251901
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0251901
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0872653
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0755124
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 24397
IRS990/USAddress/CityNm0VENTURA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093002
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$2.78$2.22$0.27$0.38$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.66$2.77$2.11$0.25$0.35$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.76$2.77$2.02$0.25$0.36$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.87$2.78$1.91$0.22$0.29$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.92$2.77$1.84$0.23$0.32$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.05$2.80$1.75$0.22$0.33$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.14$2.78$1.64$0.20$0.31$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.24$2.77$1.53$0.18$0.26$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.33$2.78$1.46$0.17$0.25$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.40$2.78$1.38$0.16$0.31$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.54$2.76$1.23$0.15$0.24$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.63$2.77$1.14$0.15$0.26$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$2.74$1.03$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$2.75$0.91$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$2.80$0.88$0.24