Civic Intelligence

New Century Center

990 • Fiscal year 2019 • EIN 31-1704917

Jul 01, 2018 to Jun 30, 2019 • Filed on May 26, 2020

1333 Willow Pass Road 206Concord, CA 94520

(925) 957-7595

Siviq Scores

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

Liabilities / Assets

96th percentile

1.45x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

5.55x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

47th percentile

2.5%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

97th percentile

$226,464

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 148.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

48th percentile

2.4%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$584,505

Up $13,482 (+2.4%) from 2018

Net Assets

Up

-$261,104

Up $3,848 (+1.5%) from 2018

Liabilities

Up

$845,609

Up $9,634 (+1.2%) from 2018

Revenue

Up

$152,282

Up $25,916 (+21%) from 2018

Expenses

Up

$148,434

Up $4,429 (+3.1%) from 2018

Net Income

Up

$3,848

Up $21,487 (+122%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $697,030Liabilities 2011: $802,781Net Assets 2011: -$105,7512011Assets 2016: $569,500Liabilities 2016: $801,581Net Assets 2016: -$232,0812016Assets 2017: $571,258Liabilities 2017: $818,570Net Assets 2017: -$247,3122017Assets 2018: $571,023Liabilities 2018: $835,975Net Assets 2018: -$264,9522018Assets 2019: $584,505Liabilities 2019: $845,609Net Assets 2019: -$261,1042019Assets 2020: $509,059Liabilities 2020: $851,882Net Assets 2020: -$342,8232020Assets 2021: $497,760Liabilities 2021: $866,140Net Assets 2021: -$368,3802021Assets 2022: $465,178Liabilities 2022: $1,037,363Net Assets 2022: -$572,1852022

Highlighted filing

2019

Assets$584,505
Liabilities$845,609
Net Assets-$261,104

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $117,5052011Revenue 2016: $119,710Expenses 2016: $145,523Net Income 2016: -$25,8132016Revenue 2017: $122,503Expenses 2017: $137,734Net Income 2017: -$15,2312017Revenue 2018: $126,366Expenses 2018: $144,005Net Income 2018: -$17,6392018Revenue 2019: $152,282Expenses 2019: $148,434Net Income 2019: $3,8482019Revenue 2020: $106,253Expenses 2020: $187,972Net Income 2020: -$81,7192020Revenue 2021: $128,591Expenses 2021: $154,148Net Income 2021: -$25,5572021Revenue 2022: $115,613Expenses 2022: $188,640Net Income 2022: -$73,0272022

Highlighted filing

2019

Revenue$152,282
Expenses$148,434
Net Income$3,848
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 26, 2020
Return Version
2018v3.1
Gross Receipts
$152,282
Mission and Program Overview

Mission

The organization is formed as a nonprofit public benefit corporation to develop and operate a 12-unit affordable housing complex located in Concord, California. It provides affordable housing to homeless and low income individuals and families as well as people with HIV.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$414,957$394,604▼ $20,353
Accounts Receivable$13,258$49,292▲ $36,034
Cash and Non-Interest-Bearing Accounts$33,534$27,503▼ $6,031
Prepaid Expenses and Deferred Charges$6,963$1,704▼ $5,259
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$571,023$584,505▲ $13,482
Other Assets Total$102,311$111,402▲ $9,091
Liabilities
Mortgage Notes Payable Secured by Investment Property$668,763$662,819▼ $5,944
Other Liabilities$128,766$157,226▲ $28,460
Accounts Payable and Accrued Expenses$34,314$21,432▼ $12,882
Deferred Revenue$4,132$4,132→ $0
Total Liabilities$835,975$845,609▲ $9,634
Net Assets / Fund Balance
Unrestricted Net Assets$-264,952$-261,104▲ $3,848
Total Net Assets Fund Balance$-264,952$-261,104▲ $3,848
Total Liabilities and Net Assets / Fund Balance$571,023$584,505▲ $13,482

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$193,129$386,251$579,380
Land$193,126-$193,126
Leasehold Improvements$8,349$143,134$151,483
Equipment-$400$400
Other Assets Org$111,402--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Karri EggersCOO$113,829$113,829

Board Members and Trustees

NameTitle
Dave MechlerChair
Mary StauntonVice Chair
David WaalDirector
John EckstromCEO
Paul DeChantSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$144,852
Investment Income
$254
Other Revenue
$7,176
Change in Net Assets
$3,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$152,282
Total Revenue per Audited Statements
$152,282
Total Revenue per Form 990
$152,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,905
Salaries, Compensation, and Employee Benefits$34,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,728--$27,728
Depreciation Depletion$20,486--$20,486
Fees for Services Accounting$16,380--$16,380
Interest$16,051--$16,051
Fees for Services Management$10,128--$10,128
Insurance$6,087--$6,087
Other Employee Benefits$4,107--$4,107
Fees for Services Other$2,778--$2,778
Payroll Taxes$2,694--$2,694
Fees for Services Legal$2,475--$2,475
Other Expenses$797--$797
All Other Expenses$184--$184
Travel$67--$67
Total Functional Expenses$148,434$0$0$148,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$148,434
Total Expenses per Audited Statements$148,434
Total Expenses per Form 990$148,434
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
Related Party Payable$146,091
Tenant Security Deposits$9,762
Interest Payable$1,373
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Delegated day-to-day management to Shelter, Inc, a related entity.

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

The Board reviews a copy of the Form 990 before it is filed.

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

Per existing policy, the Chief Executive Officer shall be informed if conflict of interest arises.

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

The governing documents, policies, and financial statements have been scanned and available to the public upon written requests.

Filing and Contact Details

Filer

Filer Name
New Century Center
EIN
31-1704917
Phone
9259577595
Address
1333 Willow Pass Road 206, Concord, CA 94520

Signing Officer

Name
John Eckstrom
Title
CEO
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Eckstrom
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

New Century Center is a not-for-profit organization that is exempt from federal income tax on income under Section 501(c)(3) of the Internal Revenue Code and from state franchise tax under California Revenue and Taxation Code Section 23701 (d). However, income from activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. There was no tax on unrelated business income for year ended June 30, 2019.

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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03848
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0144852
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0254
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0390
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0207
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0253
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0144852
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0119112
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0115454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0112266
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0103249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0594933
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0253
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01462
IRS990ScheduleA/InvestmentIncomeCYPct00.00230
IRS990ScheduleA/InvestmentIncomePYPct00.00240
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07176
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06864
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06691
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07237
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08400
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036368
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94020
IRS990ScheduleA/PublicSupportPY509Pct00.93240
IRS990ScheduleA/PublicSupportTotal509Amt0594933
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0144852
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0119112
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0115454
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0112266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0103249
IRS990ScheduleA/Total509Grp/TotalAmt0594933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0152282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0126366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0122503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0119710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0111902
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0632763
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0193129
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0386251
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0579380
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0400
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0400
IRS990ScheduleD/ExpensesSubtotalAmt0148434
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0193126
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0193126
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08349
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0143134
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0151483
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0111402
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01373
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1146091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Related Party Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0152282
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0New Century Center is a not-for-profit organization that is exempt from federal income tax on income under Section 501(c)(3) of the Internal Revenue Code and from state franchise tax under California Revenue and Taxation Code Section 23701 (d). However, income from activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. There was no tax on unrelated business income for year ended June 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0394604
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0111402
IRS990ScheduleD/TotalExpensesPerForm990Amt0148434
IRS990ScheduleD/TotalLiabilityAmt0157226
IRS990ScheduleD/TotalRevenuePerForm990Amt0152282
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0152282
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0148434
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0217297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Eckstrom
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0226464
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Delegated day-to-day management to Shelter, Inc, a related entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews a copy of the Form 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Per existing policy, the Chief Executive Officer shall be informed if conflict of interest arises.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, policies, and financial statements have been scanned and available to the public upon written requests.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false

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