Liabilities / Assets
45th percentile
Higher debt load relative to assets than 45% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
58th percentile
Higher top officer pay than 58% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Balance Sheet
Assets
Down$3,754,473
Down $302,815 (-7.5%) from 2018
Net Assets
Down$3,625,059
Down $276,197 (-7.1%) from 2018
Liabilities
Down$129,414
Down $26,618 (-17%) from 2018
Revenue And Expenses
Revenue
Up$1,374,636
Up $16,415 (+1.2%) from 2018
Expenses
Up$1,650,833
Up $402,709 (+32%) from 2018
Net Income
Down-$276,197
Down $386,294 (-351%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- May 1, 2018 to Apr 30, 2019
- Signed
- Jul 9, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $1,374,636
Mission and Program Overview
Mission
To provide and preserve for the use and enjoyment of the community, civic betterments and social improvements by providing for the preservation of the architecture and appearance of the community by owning, operating and maintaining the properties for use of all.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $3,748,300 | $3,445,252 | ▼ $303,048 |
| Cash and Non-Interest-Bearing Accounts | $273,745 | $272,004 | ▼ $1,741 |
| Accounts Receivable | $13,757 | $7,507 | ▼ $6,250 |
| Prepaid Expenses and Deferred Charges | $7,423 | $5,302 | ▼ $2,121 |
| Total Assets | $4,057,288 | $3,754,473 | ▼ $302,815 |
| Other Assets Total | $14,063 | $24,408 | ▲ $10,345 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $118,950 | $76,584 | ▼ $42,366 |
| Deferred Revenue | $36,498 | $50,566 | ▲ $14,068 |
| Other Liabilities | $584 | $2,264 | ▲ $1,680 |
| Total Liabilities | $156,032 | $129,414 | ▼ $26,618 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $3,477,243 | $3,213,282 | ▼ $263,961 |
| Unrestricted Net Assets | $424,013 | $411,777 | ▼ $12,236 |
| Total Net Assets Fund Balance | $3,901,256 | $3,625,059 | ▼ $276,197 |
| Total Liabilities and Net Assets / Fund Balance | $4,057,288 | $3,754,473 | ▼ $302,815 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Christopher Coyle | President |
| Jim Hinton | Member at La |
| Morgan Streech | Member at La |
| Sky Scott | Secretary |
| Jack Cronk | Treasurer |
| Randell Young | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,302,457
- Program Service Revenue
- $0
- Investment Income
- $72,179
- Other Revenue
- $0
- All Other Contributions
- $8,617
- Change in Net Assets
- $-276,197
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,374,636
- Total Revenue per Audited Statements
- $1,374,636
- Total Revenue per Form 990
- $1,374,636
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,650,833 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $99,597 | - | - | $99,597 |
| Other Expenses | $45,520 | - | - | $45,520 |
| Office Expenses | $33,650 | - | - | $33,650 |
| Insurance | $16,044 | - | - | $16,044 |
| All Other Expenses | $14,689 | - | - | $14,689 |
| Fees for Services Legal | $14,231 | - | - | $14,231 |
| Total Functional Expenses | $1,650,833 | $0 | $0 | $1,650,833 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,650,833 |
| Total Expenses per Audited Statements | $1,650,833 |
| Total Expenses per Form 990 | $1,650,833 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- In-house lobbying only
- No
- Subject to proxy tax
- Yes
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Income Tax Payable | $2,264 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- 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
- Yes
- Management duties delegated
- Yes
Governance Explanations
Form 990, Page 6, Part VI, Line 3
“Daily operations are managed by an independent professional management company. The management company acts as an agent for the association. Board of directors appoints and supervises those responsible for the daily activities. The board governs the organization in pursuit of its charitable mission, and board members carry legal and ethical responsibilities because they hold the nonprofit's assets in trust for the public. Board members have a legal duty of loyalty to the corporation and must abstain from voting on matters in which they have a conflict of interest.”
Form 990, Page 6, Part VI, Line 6
“Per the governing documents, owners/residents become members upon ownership of a home in the community. There are 1,196 members.”
Form 990, Page 6, Part VI, Line 7A
“Members have voting rights accorded to them by virtue of ownering a unit in the community as specified in the association's governing documents. The members elect a board of directors which provides oversight for the association's business affairs as well as services provided by the management company.”
Form 990, Page 6, Part VI, Line 7B
“The association's governing documents specify the various resolutions requiring membership approval. Most resolutions require only approval by the board of directors. The association complies with all state requirements for community interest developments regarding membership approval.”
Form 990, Page 6, Part VI, Line 11B
“Federal and state tax returns are reviewed and approved by the board of directors prior to filing.”
Form 990, Page 6, Part VI, Line 19
“UPON REQUEST.”
Filing and Contact Details
Filer
- Filer Name
- Forster Ranch Master Association 1
- EIN
- 33-0239012
- Phone
- 9496729080
- Address
- 26840 ALISO VIEJO PARKWAY STE 100, ALISO VIEJO, CA 92656
Signing Officer
- Name
- Jack Cronk
- Title
- Treasurer
- Phone
- 9494486000
- Signed
- 2019-07-09
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 1984
- Legal Domicile
- CA
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 0
- Volunteers
- 6
Preparer
- Firm
- Newman & Associates CPA Pc
- Address
- 3164 LIONSHEAD AVENUE SUITE B, CARLSBAD, CA 92010
- Preparer
- Jeremy Newman
- Phone
- 7602744029
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“To provide and preserve for the use and enjoyment of the community, civic betterments and social improvements by providing for the preservation of the architecture and appearance of the community by owning, operating and maintaining the properties for use of all.”
Form 990, Page 2, Part III, Line 4D
“The association provides for the preservation and maintenance of architecture, greenbelts, slopes, light fixtures, signage in the planned community in california. It regularly, through its maintenance and preservation activities, provides for civic betterments and social improvements wich promote the common good, health, safety and general welfare of the local community and the public at large.”
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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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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1984 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/FSAuditedInd | 0 | true |
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| IRS990/OtherExpensesGrp/Desc | 1 | UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 2 | TREE TRIMMING |
| IRS990/OtherExpensesGrp/Desc | 3 | COMMON AREA REPAIR/MAINT |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TO PROVIDE AND PRESERVE FOR THE USE AND ENJOYMENT OF THE COMMUNITY, CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY BY OWNING, OPERATING AND MAINTAINING THE PROPERTIES FOR USE OF ALL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHITECTURE, GREENBELTS, SLOPES, LIGHT FIXTURES, SIGNAGE IN THE PLANNED COMMUNITY IN CALIFORNIA. IT REGULARLY, THROUGH ITS MAINTENANCE AND PRESERVATION ACTIVITIES, PROVIDES FOR CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS WICH PROMOTE THE COMMON GOOD, HEALTH, SAFETY AND GENERAL WELFARE OF THE LOCAL COMMUNITY AND THE PUBLIC AT LARGE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DAILY OPERATIONS ARE MANAGED BY AN INDEPENDENT PROFESSIONAL MANAGEMENT COMPANY. THE MANAGEMENT COMPANY ACTS AS AN AGENT FOR THE ASSOCIATION. BOARD OF DIRECTORS APPOINTS AND SUPERVISES THOSE RESPONSIBLE FOR THE DAILY ACTIVITIES. THE BOARD GOVERNS THE ORGANIZATION IN PURSUIT OF ITS CHARITABLE MISSION, AND BOARD MEMBERS CARRY LEGAL AND ETHICAL RESPONSIBILITIES BECAUSE THEY HOLD THE NONPROFIT'S ASSETS IN TRUST FOR THE PUBLIC. BOARD MEMBERS HAVE A LEGAL DUTY OF LOYALTY TO THE CORPORATION AND MUST ABSTAIN FROM VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PER THE GOVERNING DOCUMENTS, OWNERS/RESIDENTS BECOME MEMBERS UPON OWNERSHIP OF A HOME IN THE COMMUNITY. THERE ARE 1,196 MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MEMBERS HAVE VOTING RIGHTS ACCORDED TO THEM BY VIRTUE OF OWNERING A UNIT IN THE COMMUNITY AS SPECIFIED IN THE ASSOCIATION'S GOVERNING DOCUMENTS. THE MEMBERS ELECT A BOARD OF DIRECTORS WHICH PROVIDES OVERSIGHT FOR THE ASSOCIATION'S BUSINESS AFFAIRS AS WELL AS SERVICES PROVIDED BY THE MANAGEMENT COMPANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ASSOCIATION'S GOVERNING DOCUMENTS SPECIFY THE VARIOUS RESOLUTIONS REQUIRING MEMBERSHIP APPROVAL. MOST RESOLUTIONS REQUIRE ONLY APPROVAL BY THE BOARD OF DIRECTORS. THE ASSOCIATION COMPLIES WITH ALL STATE REQUIREMENTS FOR COMMUNITY INTEREST DEVELOPMENTS REGARDING MEMBERSHIP APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | FEDERAL AND STATE TAX RETURNS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 3477243 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 3213282 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 4057288 |
| IRS990/TotalAssetsEOYAmt | 0 | 3754473 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4057288 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3754473 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 1302457 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1650833 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1650833 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 156032 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 129414 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 156032 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 129414 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 3901256 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 3625059 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 1650833 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1650833 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 72179 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1374636 |
| IRS990/TotalVolunteersCnt | 0 | 6 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4057288 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3754473 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 424013 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 411777 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JACK CRONK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9494486000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-07-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FORSTER RANCH MASTER ASSOCIATION 1 |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FORS |
| ReturnHeader/Filer/EIN | 0 | 330239012 |
| ReturnHeader/Filer/PhoneNum | 0 | 9496729080 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 26840 ALISO VIEJO PARKWAY STE 100 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALISO VIEJO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 92656 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 2D426263845748513852DCBD2BD9A71A3091F1FA |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 47DC89AE433FDF5CB464A57D31CCF99CDCF29FE1 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 167.68.16.49 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-07-15 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:46:54 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 263519134 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NEWMAN & ASSOCIATES CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3164 LIONSHEAD AVENUE SUITE B |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CARLSBAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 92010 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7602744029 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-07-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEREMY NEWMAN |
| ReturnHeader/ReturnTs | 0 | 2019-07-15T13:46:54-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-05-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-04-30 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $3,754,473
- Liabilities
- $129,414
- Net assets
- $3,625,059
- Revenue
- $1,374,636
- Expenses
- $1,650,833
- Net income
- -$276,197