Civic Intelligence

Minna-Russ Housing Development Corp

EIN 31-1580887 • 501(c)3 • San Francisco, CA

Profile

The organization operates from its corporate headquarters in san francisco.

Refreshing map…

1245 Howard StreetSan Francisco, CA 94103

www.andnet.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

42nd percentile

0.0%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

0.0%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Flat

$824,496

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Flat

$824,496

Flat from 2020

Revenue

Flat

$267,322

Flat from 2020

Expenses

Flat

$267,322

Flat from 2020

Net Income

Flat

$0

Flat from 2020

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,538,850Liabilities 2012: $12,025Net Assets 2012: $1,526,8252012Assets 2013: $1,545,321Liabilities 2013: $12,026Net Assets 2013: $1,533,2952013Assets 2014: $1,241,535Liabilities 2014: $12,025Net Assets 2014: $1,229,5102014Assets 2015: $1,102,928Liabilities 2015: $4,303Net Assets 2015: $1,098,6252015Assets 2016: $1,003,467Liabilities 2016: $4,303Net Assets 2016: $999,1642016Assets 2017: $1,052,054Liabilities 2017: $4,303Net Assets 2017: $1,047,7512017Assets 2020: $824,496Liabilities 2020: $0Net Assets 2020: $824,4962020Assets 2021: $824,496Liabilities 2021: $0Net Assets 2021: $824,4962021

Highlighted filing

2021

Assets$824,496
Liabilities$0
Net Assets$824,496

Operations Trend

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

$300K$200K$100K$0-$100K-$200KExpenses 2012: $02012Revenue 2013: $38,037Expenses 2013: $21,567Net Income 2013: $16,4702013Revenue 2014: $41,405Expenses 2014: $41,405Net Income 2014: $02014Revenue 2015: $41,964Expenses 2015: $147,865Net Income 2015: -$105,9012015Revenue 2016: $40,484Expenses 2016: $139,945Net Income 2016: -$99,4612016Revenue 2017: $48,587Expenses 2017: $0Net Income 2017: $48,5872017Revenue 2020: $267,322Expenses 2020: $267,322Net Income 2020: $02020Revenue 2021: $267,322Expenses 2021: $267,322Net Income 2021: $02021

Highlighted filing

2021

Revenue$267,322
Expenses$267,322
Net Income$0

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.0
Gross Receipts
$41,964
Mission and Program Overview

Mission

The organization operates from its corporate headquarters in san francisco.

The organization serves as general partner in a limited partnership which owns and operates houses for the benefit of low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$842,331$703,572▼ $138,759
Land, Buildings, and Equipment, Net$327,613$327,613→ $0
Accounts Receivable$70,766$70,918▲ $152
Cash and Non-Interest-Bearing Accounts$825$825→ $0
Savings and Temporary Cash Investments-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,241,535$1,102,928▼ $138,607
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,370$4,370→ $0
Other Liabilities$7,655$-67▼ $7,722
Total Liabilities$12,025$4,303▼ $7,722
Net Assets / Fund Balance
Unrestricted Net Assets$1,229,510$1,098,625▼ $130,885
Total Net Assets Fund Balance$1,229,510$1,098,625▼ $130,885
Total Liabilities and Net Assets / Fund Balance$1,241,535$1,102,928▼ $138,607

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$517,613$517,613
Land$327,613-$327,613
Other Land Buildings-$25,715$25,715
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert MarcialPresident
Eron ErschVice President
Edwin R OshikaDirector
Frank BaumgartnerDirector
Zorana CarterDirector
Erica Roetman SklarExec Director
Esther MarksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,559
Investment Income
$21,405
Other Revenue
$0
Change in Net Assets
$-105,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,865
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
Other Expenses$10,559--$10,559
Total Functional Expenses$147,865$0$0$147,865
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
Amounts Due to Related Entities$-67
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management and a member of the board of directors. The contents of the return with are reviewed with the outside tax professional. The final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

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

Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

There are no paid positions within minna-russ housing development corp.

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

There are no paid positions within minna-russ housing development corp.

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

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Minna-russ Housing Development Corp
EIN
31-1580887
Phone
4155750423
Address
1245 Howard Street, San Francisco, CA 94103

Signing Officer

Name
Erica Roetman Sklar
Title
Executive Director
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Roetman Sklar
Formed
1997
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Equity adjustment based on analysis = -$24984

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Minna-Russ is required to report information regarding its exposure to various tax positions taken by A.N.D. and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Minna-Russ has adequately evaluated its current tax positions and has concluded that as of December 31, 2015, Minna-Russ does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.A.N.D. has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Minna-Russ continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Minna-Russ may periodically receive unrelated business income (such as sublease rental income) requiring Minna-Russ to file separate tax returns under federal and state statutes. Under such conditions, Minna-Russ calculates and accrues the applicable taxes.

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

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0517613
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0327613
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025715
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-67
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AMOUNTS DUE TO RELATED ENTITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Minna-Russ is required to report information regarding its exposure to various tax positions taken by A.N.D. and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Minna-Russ has adequately evaluated its current tax positions and has concluded that as of December 31, 2015, Minna-Russ does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.A.N.D. has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Minna-Russ continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Minna-Russ may periodically receive unrelated business income (such as sublease rental income) requiring Minna-Russ to file separate tax returns under federal and state statutes. Under such conditions, Minna-Russ calculates and accrues the applicable taxes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0327613
IRS990ScheduleD/TotalLiabilityAmt0-67
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT AND A MEMBER OF THE BOARD OF DIRECTORS. THE CONTENTS OF THE RETURN WITH ARE REVIEWED WITH THE OUTSIDE TAX PROFESSIONAL. THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE (INWRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THEORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THEORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO PAID POSITIONS WITHIN MINNA-RUSS HOUSING DEVELOPMENT CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO PAID POSITIONS WITHIN MINNA-RUSS HOUSING DEVELOPMENT CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Equity adjustment based on analysis = -$24984
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 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Community Planning/Affordable Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Low Income Family Assistance
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Low Income Family Assistance
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2Sec 509a1
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11245 Howard Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21245 Howard Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2San Francisco
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