Civic Intelligence

L'Canon Club Apartments

EIN 31-1675721 • 501(c)3 • Los Angeles, CA

Profile

To provide assistance to nonprofit organizations that provide housing for low-income families in southern california.

1149 South Hill Street No 700Los Angeles, CA 90015

www.abodecommunities.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.35x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

23rd percentile

-41%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Down

$5,905

Down $4,045 (-41%) from 2018

Liabilities

Down

$2,045

Down $2,000 (-49%) from 2018

Net Assets

Down

$3,860

Down $2,045 (-35%) from 2018

Revenue

Flat

$0

Flat from 2018

Expenses

Down

$2,045

Down $30 (-1.4%) from 2018

Net Income

Up

-$2,045

Up $30 (+1.4%) from 2018

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $147,829Liabilities 2015: $5,589Net Assets 2015: $142,2402015Assets 2016: $137,490Liabilities 2016: $4,010Net Assets 2016: $133,4802016Assets 2017: $10,000Liabilities 2017: $2,020Net Assets 2017: $7,9802017Assets 2018: $9,950Liabilities 2018: $4,045Net Assets 2018: $5,9052018Assets 2019: $5,905Liabilities 2019: $2,045Net Assets 2019: $3,8602019

Highlighted filing

2019

Assets$5,905
Liabilities$2,045
Net Assets$3,860

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $0Expenses 2015: $6,183Net Income 2015: -$6,1832015Revenue 2016: $0Expenses 2016: $8,760Net Income 2016: -$8,7602016Revenue 2017: $175,631Expenses 2017: $2,020Net Income 2017: $173,6112017Revenue 2018: $0Expenses 2018: $2,075Net Income 2018: -$2,0752018Revenue 2019: $0Expenses 2019: $2,045Net Income 2019: -$2,0452019

Highlighted filing

2019

Revenue$0
Expenses$2,045
Net Income-$2,045

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

To provide assistance to nonprofit organizations that provide housing for low-income families in southern california.

Program Services

DescriptionGrantsExpenses
PROVIDE ASSISTANCE TO NONPROFIT ORGANIZATIONS THAT PROVIDE HOUSING FOR LOW-INCOME FAMILIES IN SOUTHERN CALIFORNIA.$0$2,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DANI EVANSONDirector-$0--
DAVID NEWMANDirector-$0--
FENG XIAODirector-$0--
KELLY BOYERDirector-$0--
LISA GUTIERREZDirector-$0--
LUCINDA STARRETTDirector-$0--
NKECHI ODUDirector-$0--
RONNE THIELENDirector-$0--
WENDY GRUELDirector-$0--
BRIAN HANSENTreasurer-$0--
HOLLY BENSONExecutive VP & COO-$0--
KEN KRUGSecretary-$0--
Filing and Contact Details

Filer

Filer Name
L'CANON CLUB APARTMENTS
EIN
31-1675721
Phone
2136292702
Address
1149 SOUTH HILL STREET NO 700, LOS ANGELES, CA 90015

Signing Officer

Name
Rick Saperstein
Title
Evp & CFO
Phone
2132252784
Signed
2020-11-02
Discuss with paid preparer
Yes

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expenses. Amount: 20.

Form 990-ez, Part II, Line 24 - Other Assets

Description: seller carryback note. Beg. Of year amount: 5,043,081. End of year amount: 5,043,081. Description: note receivable reserve. Beg. Of year amount: -5,043,081. End of year amount: -5,043,081.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to affiliates. Beg. Of year amount: 4,045. End of year amount: 2,045.

Raw XML Appendix193 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: OFFICE EXPENSES. AMOUNT: 20.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SELLER CARRYBACK NOTE. BEG. OF YEAR AMOUNT: 5,043,081. END OF YEAR AMOUNT: 5,043,081. DESCRIPTION: NOTE RECEIVABLE RESERVE. BEG. OF YEAR AMOUNT: -5,043,081. END OF YEAR AMOUNT: -5,043,081.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 4,045. END OF YEAR AMOUNT: 2,045.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICK SAPERSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EVP & CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02132252784
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0L'CANON CLUB APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0LCAN
ReturnHeader/Filer/EIN0311675721
ReturnHeader/Filer/PhoneNum02136292702
ReturnHeader/Filer/USAddress/AddressLine1Txt01149 SOUTH HILL STREET NO 700
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ReturnHeader/FilingSecurityInformation/IPTm014:51:50
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 CAPITOL MALL SUITE 1200
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ReturnHeader/PreparerPersonGrp/PhoneNum09164429100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA M CUMMINGS CPA
ReturnHeader/ReturnTs02020-11-13T09:30:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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