Civic Intelligence

National Community Renaissance Development Corporation

990 • Fiscal year 2014 • EIN 31-1595125

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization ProfileWWW.NATIONALCORE.ORG

View Organization Page

9421 Haven AvenueRancho Cucamonga, CA 91730

(909) 483-2444

Siviq Scores

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

Liabilities / Assets

95th percentile

1.05x

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

6.41x

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

2nd percentile

-110%

Higher net margin than 2% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

65th percentile

$309,347

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

2nd percentile

-21%

Faster asset growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

80th percentile

21%

Faster revenue growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$36,052,983

Down $9,582,747 (-21%) from 2013

Net Assets

Down

-$1,644,975

Down $6,698,678 (-133%) from 2013

Liabilities

Down

$37,697,958

Down $2,884,069 (-7.1%) from 2013

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin2nd percentile

Revenue

Up

$5,881,141

Up $1,012,121 (+21%) from 2013

Expenses

Up

$12,358,110

Up $4,802,424 (+64%) from 2013

Net Income

Down

-$6,476,969

Down $3,790,303 (-141%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$60M$40M$20M$0-$20MAssets 2010: $35,407,428Liabilities 2010: $26,282,167Net Assets 2010: $9,125,2612010Assets 2011: $43,465,974Liabilities 2011: $34,577,814Net Assets 2011: $8,888,1602011Assets 2012: $46,151,509Liabilities 2012: $38,431,251Net Assets 2012: $7,720,2582012Assets 2013: $45,635,730Liabilities 2013: $40,582,027Net Assets 2013: $5,053,7032013Assets 2014: $36,052,983Liabilities 2014: $37,697,958Net Assets 2014: -$1,644,9752014Assets 2015: $33,496,224Liabilities 2015: $37,508,728Net Assets 2015: -$4,012,5042015Assets 2016: $28,777,934Liabilities 2016: $34,918,734Net Assets 2016: -$6,140,8002016Assets 2017: $27,437,289Liabilities 2017: $26,375,632Net Assets 2017: $1,061,6572017Assets 2018: $26,293,454Liabilities 2018: $19,271,950Net Assets 2018: $7,021,5042018Assets 2019: $25,001,724Liabilities 2019: $17,064,279Net Assets 2019: $7,937,4452019Assets 2020: $25,571,109Liabilities 2020: $18,825,659Net Assets 2020: $6,745,4502020Assets 2021: $20,200,023Liabilities 2021: $14,833,431Net Assets 2021: $5,366,5922021Assets 2022: $27,081,327Liabilities 2022: $24,463,021Net Assets 2022: $2,618,3062022Assets 2023: $17,855,856Liabilities 2023: $21,043,813Net Assets 2023: -$3,187,9572023Assets 2024: $17,423,344Liabilities 2024: $23,540,561Net Assets 2024: -$6,117,2172024

Highlighted filing

2014

Assets$36,052,983
Liabilities$37,697,958
Net Assets-$1,644,975
Open 2014 Filing

Operations Trend

Revenue Growth80th percentile

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

$20M$10M$0-$10MExpenses 2010: $13,223,3172010Expenses 2011: $7,678,8062011Expenses 2012: $7,689,1832012Revenue 2013: $4,869,020Expenses 2013: $7,555,686Net Income 2013: -$2,686,6662013Revenue 2014: $5,881,141Expenses 2014: $12,358,110Net Income 2014: -$6,476,9692014Revenue 2015: $5,654,069Expenses 2015: $8,114,514Net Income 2015: -$2,460,4452015Revenue 2016: $6,137,247Expenses 2016: $9,203,613Net Income 2016: -$3,066,3662016Revenue 2017: $15,110,850Expenses 2017: $7,942,819Net Income 2017: $7,168,0312017Revenue 2018: $13,162,491Expenses 2018: $7,208,084Net Income 2018: $5,954,4072018Revenue 2019: $5,822,071Expenses 2019: $7,139,810Net Income 2019: -$1,317,7392019Revenue 2020: $6,055,783Expenses 2020: $7,247,778Net Income 2020: -$1,191,9952020Revenue 2021: $6,094,329Expenses 2021: $7,473,187Net Income 2021: -$1,378,8582021Revenue 2022: $7,153,419Expenses 2022: $9,901,705Net Income 2022: -$2,748,2862022Revenue 2023: $7,725,470Expenses 2023: $12,941,391Net Income 2023: -$5,215,9212023Revenue 2024: $7,662,926Expenses 2024: $10,592,186Net Income 2024: -$2,929,2602024

Highlighted filing

2014

Revenue$5,881,141
Expenses$12,358,110
Net Income-$6,476,969
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$5,881,141
Mission and Program Overview

Mission

To provide award-winning affordable housing paired with best-practice social service programs tailored to help families move toward self-sufficiency and ultimately to home ownership.

To improve the quality of life for low income families by stabilizing and revitalizing neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,901,448$25,933,541▼ $967,907
Investments Program Related$2,483,308$4,396,161▲ $1,912,853
Cash and Non-Interest-Bearing Accounts$782,053$1,069,546▲ $287,493
Savings and Temporary Cash Investments$92,123$97,296▲ $5,173
Prepaid Expenses and Deferred Charges$21,850$65,561▲ $43,711
Accounts Receivable$1,828,756$36,181▼ $1,792,575
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$45,635,730$36,052,983▼ $9,582,747
Other Assets Total$13,526,192$4,454,697▼ $9,071,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,831,628$26,933,932▲ $3,102,304
Other Liabilities$14,583,283$9,562,768▼ $5,020,515
Deferred Revenue$1,411,224$959,597▼ $451,627
Accounts Payable and Accrued Expenses$755,892$241,661▼ $514,231
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$40,582,027$37,697,958▼ $2,884,069
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$5,053,703$-1,644,975▼ $6,698,678
Total Net Assets Fund Balance$5,053,703$-1,644,975▼ $6,698,678
Total Liabilities and Net Assets / Fund Balance$45,635,730$36,052,983▼ $9,582,747

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,430,172$8,736,703$30,166,875
Land$1,941,400-$1,941,400
Equipment$1,185,147$598,405$1,783,552
Leasehold Improvements$1,082,036$306,663$1,388,699
Investment Program Related Org$2,073,225--
Other Assets Org$1,517,557--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Dan LorraineExecutive DirectorPT$145,348$145,348

Board Members and Trustees

NameTitle
Andrew B WrightCO-Chairman
Sebastiano SterpaCO-Chairman
Steve Pon TellCEO/President
Julie MungaiVice President Acquisitions
Byron ElyVice President Construction
Armando Bucelo Jr EsqBoard Member
Daniel FauskeBoard Member
Gavin ClinghamBoard Member
George Allan KingstonBoard Member
James CashionBoard Member
Laura KuhnsBoard Member
Stephen G LarsenBoard Member
Tracy ThomasCFO
Ciriaco PinedoCOO
Philip Nelson LeeGeneral Counsel/SECRETARY
John Seymour IiiVP Acq & Forward Planning
Kevin ChinVP of Project Development

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,730,655
Investment Income
$80,210
Other Revenue
$70,276
Change in Net Assets
$-6,476,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,353,094
Salaries, Compensation, and Employee Benefits$2,005,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$4,344,131--$4,344,131
Other Salaries and Wages$503,769$1,501,247-$2,005,016
Depreciation Depletion$1,752,779--$1,752,779
Royalties$740,632--$740,632
Interest$623,163--$623,163
Fees for Services Management$277,213--$277,213
Other Expenses$165,544$31,006-$196,550
Fees for Services Other$52,419$114,621-$167,040
Fees for Services Accounting$36,800$59,182-$95,982
Fees for Services Legal-$85,004-$85,004
Total Functional Expenses$10,199,900$2,158,210$0$12,358,110
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$9,466,327
Security Deposit Payable$96,441
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, SECTION A, QUESTION 7A-7B:

“None, the directors of the governing body are elected by the Board of Directors of each organization and the directors approved all significant decision.”

FORM 990, PART VI, SECTION B, QUESTION 11B:

“The 990 is reviewed by the Controller and then given to the Chief Financial Officer for review and signature.”

FORM 990, PART VI, SECTION B, QUESTION 12C:

“Each director is provided a copy of the Conflict of Interest Policy for the corporation and signs an acknowledgement certificate. Staff also is provided a copy and signs an acknowledgement.”

FORM 990, PART VI, SECTION C, QUESTIONS 19:

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

FORM 990, PART VII, COLUMN B:

“The officers spend approximately 4 hours per week devoted to this organization and approximately 36 hours per week devoted to related organizations. Their time varies depending on the needs of the exempt organization.”

FORM 990, PART VI, SECTION A, LINE 2:

“Ashley Wright, SVP of Development is the son of Andy Wright, Co-Chair and founder of National Community Renaissance Development Corporation.”

FORM 990, PART VI, SECTION A, LINE 8A-8B:

“The corporate secretary is responsible for developing and maintaining the minutes of all meetings of the governing body and committess with authority on its behalf.”

FORM 990, PART VI, SECTION B, LINE 15A-15B:

“The board of directors reviews the compensation and a third party compensation study is done every 2 to 3 years.”

Filing and Contact Details

Filer

Filer Name
National Community Renaissance
EIN
31-1595125
In Care Of
% NATIONAL COMMUNITY RENAISSAN
Phone
9094832444
Address
9421 HAVEN AVENUE, RANCHO CUCAMONGA, CA 91730

Signing Officer

Name
Tracy Thomas
Title
CFO
Phone
9164429100
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Thomas
Formed
1998
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 900, SACRAMENTO, CA 95814-4424
Preparer
Beth Mullen CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“The organization had the following increases to net assets during the 12/31/2014 year end: $-221,709 other change in fund balance.”

Form 990 Part IX Line 24 - Other Expenses

“Description:amortization total expenses:30433 program services:30433”

Form 990 Part IX Line 24 - Other Expenses

“Description:debt forgiveness by lender total expenses:4313698 program services:4313698”

Financial Statement Notes

Part X, Question 2 -

“The Corporation has applied for and received a determination letter from the Internal Revenue Service (IRS) to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2014. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 are subject to review by the IRS.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt14VP ACQ & FORWARD PLANNING
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,052,983
Liabilities
$37,697,958
Net assets
-$1,644,975
Revenue
$5,881,141
Expenses
$12,358,110
Net income
-$6,476,969
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$23.5$6.12$7.66$10.6$2.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$21.0$3.19$7.73$12.9$5.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$24.5$2.62$7.15$9.90$2.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$14.8$5.37$6.09$7.47$1.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.6$18.8$6.75$6.06$7.25$1.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$17.1$7.94$5.82$7.14$1.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$19.3$7.02$13.2$7.21$5.95
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.4$26.4$1.06$15.1$7.94$7.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.8$34.9$6.14$6.14$9.20$3.07
2015Detailed filing. Detailed filing data is available for this year.$33.5$37.5$4.01$5.65$8.11$2.46
2014Detailed filing. Detailed filing data is available for this year.$36.1$37.7$1.64$5.88$12.4$6.48
2013Detailed filing. Detailed filing data is available for this year.$45.6$40.6$5.05$4.87$7.56$2.69
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.2$38.4$7.72$7.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.5$34.6$8.89$7.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.4$26.3$9.13$13.2