Civic Intelligence

Community Housing Management Services Co Episcopal Communities & Services

990 • Fiscal year 2014 • EIN 33-0204306

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

1111 S Arroyo Pkwy91105

(626) 639-0550

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.98x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

1.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

2nd percentile

-137%

Higher net margin than 2% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$546,905

Up $410,898 (+302%) from 2010

Net Assets

Down

$12,736

Down $27,646 (-68%) from 2010

Liabilities

Up

$534,169

Up $438,544 (+459%) from 2010

Revenue

$375,991

No earlier filing loaded for comparison.

Expenses

Down

$892,263

Down $51,630 (-5.5%) from 2010

Net Income

-$516,272

No earlier filing loaded for comparison.

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-$500KAssets 2010: $136,007Liabilities 2010: $95,625Net Assets 2010: $40,3822010Assets 2014: $546,905Liabilities 2014: $534,169Net Assets 2014: $12,7362014Assets 2015: $657,530Liabilities 2015: $546,196Net Assets 2015: $111,3342015Assets 2016: $743,088Liabilities 2016: $896,118Net Assets 2016: -$153,0302016Assets 2017: $623,456Liabilities 2017: $974,132Net Assets 2017: -$350,6762017Assets 2018: $1,161,484Liabilities 2018: $1,368,585Net Assets 2018: -$207,1012018Assets 2019: $1,373,084Liabilities 2019: $129,826Net Assets 2019: $1,243,2582019Assets 2020: $2,892Liabilities 2020: $77,363Net Assets 2020: -$74,4712020Assets 2021: $2,872Liabilities 2021: $77,051Net Assets 2021: -$74,1792021

Highlighted filing

2014

Assets$546,905
Liabilities$534,169
Net Assets$12,736

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $943,8932010Revenue 2014: $375,991Expenses 2014: $892,263Net Income 2014: -$516,2722014Revenue 2015: $410,058Expenses 2015: $909,580Net Income 2015: -$499,5222015Revenue 2016: $445,781Expenses 2016: $1,373,698Net Income 2016: -$927,9172016Revenue 2017: $670,966Expenses 2017: $1,825,310Net Income 2017: -$1,154,3442017Revenue 2018: $1,186,263Expenses 2018: $2,140,016Net Income 2018: -$953,7532018Revenue 2019: $954,516Expenses 2019: $1,497,941Net Income 2019: -$543,4252019Revenue 2020: $6,854Expenses 2020: $0Net Income 2020: $6,8542020Revenue 2021: $0Expenses 2021: $388Net Income 2021: -$3882021

Highlighted filing

2014

Revenue$375,991
Expenses$892,263
Net Income-$516,272
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$375,991
Mission and Program Overview

Mission

To provide management services to affordable housing for the elderly, disabled and other low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,534$71,726▲ $30,192
Accounts Receivable$83,394$67,983▼ $15,411
Cash and Non-Interest-Bearing Accounts$130,743$52,759▼ $77,984
Other Notes and Loans Receivable, Net-$39,650-
Prepaid Expenses and Deferred Charges$8,374$4,248▼ $4,126
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-
Total Assets$264,545$546,905▲ $282,360
Other Assets Total$500$310,539▲ $310,039
Liabilities
Other Liabilities$435,560$445,586▲ $10,026
Accounts Payable and Accrued Expenses$105,502$88,583▼ $16,919
Total Liabilities$541,062$534,169▼ $6,893
Net Assets / Fund Balance
Temporarily Rstr Net Assets$500$24,800▲ $24,300
Unrestricted Net Assets$-277,017$-12,064▲ $264,953
Total Net Assets Fund Balance$-276,517$12,736▲ $289,253
Total Liabilities and Net Assets / Fund Balance$264,545$546,905▲ $282,360

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,632$122,140$179,772
Other Land Buildings$14,094$34,667$48,761
Other Assets Org$447--
Compensation and Service Providers

Board Members and Trustees

NameTitle
JENNIFER FLEMING DeVOLLDirector,Chair
Martha TamburranoPresident & CEO
Evelyn DanowitzDirector
Kris MorrishDirector
Rebecca SanderDirector
Scott DarrellDirector, VChr
Sandy PlouffeSecretary
James S RothrockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$320,319
Investment Income
$1,269
Other Revenue
$54,403
Change in Net Assets
$-516,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$375,991
Revenue Not Reported on Form 990
$8,934
Total Revenue per Audited Statements
$384,925
Total Revenue per Form 990
$375,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,507
Salaries, Compensation, and Employee Benefits$364,756
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$264,065$17,178-$281,243
Other Employee Benefits$56,002$3,575-$59,577
Payroll Taxes$22,500$1,436-$23,936
Depreciation Depletion$20,414$1,395-$21,809
Occupancy$17,671$1,963-$19,634
Office Expenses$16,961$1,885-$18,846
Insurance$8,837$982-$9,819
All Other Expenses$7,659$1,601-$9,260
Fees for Services Accounting-$8,000-$8,000
Conferences and Meetings$6,851--$6,851
Other Expenses$6,115$680-$6,795
Fees for Services Legal-$2,210-$2,210
Total Functional Expenses$450,140$442,123$0$892,263

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$892,263
Total Expenses per Audited Statements$892,263
Total Expenses per Form 990$892,263
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
Loan from Affiliates$435,560
Interest in related parties net assets$10,025
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
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
No

Governance Explanations

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

The Form 990 is prepared by an outside CPA Firm and presented to the Board of Directors. The Board of Directors reviews the Form 990 and approves its filing.

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

The Organization is the custodian of governing documents and financial records and upon request can make them available to the public.

Filing and Contact Details

Filer

EIN
33-0204306
Phone
6266390550

Signing Officer

Name
Martha Tamburrano
Title
President & CEO
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
53
Volunteers
5

Preparer

Preparer
Aneela DeWinter CPA
Phone
6269157666
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - PAYROLL OF MANAGED PROPERTIESThe employees of the managed properties are employed by Community Housing Management Services. However, due to the fact that the payments received from the properties are for salaries and fringe benefits of specifically designated employees, where Community Housing Management Services has no discretion, according to U.S. generally accepted accounting principles, these payments are deemed to be agency transactions. Agency transactions are not to be accounted for as the revenues and expenses of the entity. They are operating activities in the cash flow statement. Total amount of salaries and fringe benefits received and paid on behalf of managed properties for the period ended June 30, 2014 was $1,400,621.

Client Note 2

Client Note 2 - FORM 990 - SCHEDULE DPART IXLine 1: DESIGNATED RESERVES / INVESTMENT IN MUTUAL FUNDS As part of the acquisition of the partnership interest in Casa De Los Amigos, LP, the Organization was required to establish an 'Operating Deficit Reserve' in the amount of $300,000. This account was establised on behalf of the Organization by Episcopal Communities and Services for Seniors(ECS)whereby part of their investment portfolio was designated to satisfy this requirement. Line 3: INVESTMENT IN PARTNERSHIPIn May 2014 the Organization acquired .01% general partnership interest in Casa De Los Amigos, LP. The investment is recorded at cost of $447 (which approximate fair value). The partnership interest was acquired by the Organization in a transaction whereby its sole owner Episcopal Communities and Services for Seniors(ECS) assigned their general partnership interest to the Organization.

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in Interest in Sophie Miller Foundation = $4300

Other Changes In Net Assets Or Fund Balances - Other Increases

Transfer of Net Assets - Episcopal Communities Services = $285622

Other Changes In Net Assets Or Fund Balances - Other Increases

Transfer of Net Assets - Sophie Miller Foundation = $506669

Financial Statement Notes

Part X : FIN48 Footnote

The Organization evaluates all significant tax positions. As of June 30, 2014, the Organization does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0400134
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11084
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2680
IRS990/OtherExpensesGrp/ProgramServicesAmt013305
IRS990/OtherExpensesGrp/ProgramServicesAmt19760
IRS990/OtherExpensesGrp/ProgramServicesAmt26115
IRS990/OtherExpensesGrp/TotalAmt0400134
IRS990/OtherExpensesGrp/TotalAmt113305
IRS990/OtherExpensesGrp/TotalAmt210844
IRS990/OtherExpensesGrp/TotalAmt36795
IRS990/OtherLiabilitiesGrp/BOYAmt0435560
IRS990/OtherLiabilitiesGrp/EOYAmt0445586
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/Desc1Service Coordinator Fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08275
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt146128
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146128
IRS990/OtherRevenueTotalAmt054403
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017178
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0264065
IRS990/OtherSalariesAndWagesGrp/TotalAmt0281243
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt039650
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01436
IRS990/PayrollTaxesGrp/ProgramServicesAmt022500
IRS990/PayrollTaxesGrp/TotalAmt023936
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08374
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04248
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ACCOUNTING FEES
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1285669
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1285669
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0884934
IRS990/PYOtherRevenueAmt072886
IRS990/PYProgramServiceRevenueAmt0515445
IRS990/PYRevenuesLessExpensesAmt0-731089
IRS990/PYSalariesCompEmpBnftPaidAmt0434486
IRS990/PYTotalExpensesAmt01319420
IRS990/PYTotalRevenueAmt0588331
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-516272
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0320319
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01269
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt051
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01323
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0320319
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0515445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0894711
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0890309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0831621
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03452405
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01269
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01323
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt054403
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt072886
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt047949
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt059896
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt078494
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0313628
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91640
IRS990ScheduleA/PublicSupportPY509Pct00.80140
IRS990ScheduleA/PublicSupportTotal509Amt03452405
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0320319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0515445
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0894711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0890309
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0831621
IRS990ScheduleA/Total509Grp/TotalAmt03452405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0375991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0588331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0942663
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0950205
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0910166
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03767356
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt057632
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0122140
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0179772
IRS990ScheduleD/ExpensesSubtotalAmt0892263
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt08934
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0310092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1447
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Designated Reserves - Investment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Interest in Sophie Miller Foundation N/A
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Investment in Partnership
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014094
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1435560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest in related parties net assets
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Loan from Affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/RevenueNotReportedAmt08934
IRS990ScheduleD/RevenueSubtotalAmt0375991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization evaluates all significant tax positions. As of June 30, 2014, the Organization does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071726
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0310539
IRS990ScheduleD/TotalExpensesPerForm990Amt0892263
IRS990ScheduleD/TotalLiabilityAmt0445586
IRS990ScheduleD/TotalRevenuePerForm990Amt0375991
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384925
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0892263
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - PAYROLL OF MANAGED PROPERTIESThe employees of the managed properties are employed by Community Housing Management Services. However, due to the fact that the payments received from the properties are for salaries and fringe benefits of specifically designated employees, where Community Housing Management Services has no discretion, according to U.S. generally accepted accounting principles, these payments are deemed to be agency transactions. Agency transactions are not to be accounted for as the revenues and expenses of the entity. They are operating activities in the cash flow statement. Total amount of salaries and fringe benefits received and paid on behalf of managed properties for the period ended June 30, 2014 was $1,400,621.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Client Note 2 - FORM 990 - SCHEDULE DPART IXLine 1: DESIGNATED RESERVES / INVESTMENT IN MUTUAL FUNDS As part of the acquisition of the partnership interest in Casa De Los Amigos, LP, the Organization was required to establish an 'Operating Deficit Reserve' in the amount of $300,000. This account was establised on behalf of the Organization by Episcopal Communities and Services for Seniors(ECS)whereby part of their investment portfolio was designated to satisfy this requirement. Line 3: INVESTMENT IN PARTNERSHIPIn May 2014 the Organization acquired .01% general partnership interest in Casa De Los Amigos, LP. The investment is recorded at cost of $447 (which approximate fair value). The partnership interest was acquired by the Organization in a transaction whereby its sole owner Episcopal Communities and Services for Seniors(ECS) assigned their general partnership interest to the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is prepared by an outside CPA Firm and presented to the Board of Directors. The Board of Directors reviews the Form 990 and approves its filing.

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