Civic Intelligence

Forster Ranch Master Association I

990 • Fiscal year 2021 • EIN 33-0239012

May 01, 2020 to Apr 30, 2021 • Filed on Aug 18, 2021

26840 Aliso Viejo Parkway Ste 100Aliso Viejo, CA 92656

(949) 672-9080

Siviq Scores

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

Liabilities / Assets

94th percentile

0.90x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

1.87x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

26th percentile

-0.2%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

13th percentile

-5.3%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

2.0%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$3,294,183

Down $185,350 (-5.3%) from 2020

Net Assets

Down

$336,219

Down $22,007 (-6.1%) from 2020

Liabilities

Down

$2,957,964

Down $163,343 (-5.2%) from 2020

Revenue

Up

$1,581,302

Up $31,394 (+2.0%) from 2020

Expenses

Up

$1,583,949

Up $24,825 (+1.6%) from 2020

Net Income

Up

-$2,647

Up $6,569 (+71%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $3,920,207Liabilities 2016: $160,369Net Assets 2016: $3,759,8382016Assets 2017: $3,928,606Liabilities 2017: $137,447Net Assets 2017: $3,791,1592017Assets 2018: $4,057,288Liabilities 2018: $156,032Net Assets 2018: $3,901,2562018Assets 2019: $3,754,473Liabilities 2019: $129,414Net Assets 2019: $3,625,0592019Assets 2020: $3,479,533Liabilities 2020: $3,121,307Net Assets 2020: $358,2262020Assets 2021: $3,294,183Liabilities 2021: $2,957,964Net Assets 2021: $336,2192021Assets 2022: $3,666,630Liabilities 2022: $3,241,968Net Assets 2022: $424,6622022Assets 2023: $3,792,391Liabilities 2023: $3,308,696Net Assets 2023: $483,6952023Assets 2024: $3,687,643Liabilities 2024: $3,506,779Net Assets 2024: $180,8642024Assets 2025: $2,577,034Liabilities 2025: $2,325,591Net Assets 2025: $251,4432025

Highlighted filing

2021

Assets$3,294,183
Liabilities$2,957,964
Net Assets$336,219

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,343,848Expenses 2016: $1,242,742Net Income 2016: $101,1062016Revenue 2017: $1,347,680Expenses 2017: $1,316,360Net Income 2017: $31,3202017Revenue 2018: $1,358,221Expenses 2018: $1,248,124Net Income 2018: $110,0972018Revenue 2019: $1,374,636Expenses 2019: $1,650,833Net Income 2019: -$276,1972019Revenue 2020: $1,549,908Expenses 2020: $1,559,124Net Income 2020: -$9,2162020Revenue 2021: $1,581,302Expenses 2021: $1,583,949Net Income 2021: -$2,6472021Revenue 2022: $1,102,117Expenses 2022: $1,023,296Net Income 2022: $78,8212022Revenue 2023: $1,319,998Expenses 2023: $1,260,965Net Income 2023: $59,0332023Revenue 2024: $1,414,116Expenses 2024: $1,699,538Net Income 2024: -$285,4222024Revenue 2025: $2,994,434Expenses 2025: $2,941,264Net Income 2025: $53,1702025

Highlighted filing

2021

Revenue$1,581,302
Expenses$1,583,949
Net Income-$2,647
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Aug 18, 2021
Return Version
2020v4.0
Gross Receipts
$1,581,302
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
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,590,000$2,836,163▲ $246,163
Cash and Non-Interest-Bearing Accounts$852,806$430,451▼ $422,355
Accounts Receivable$10,763$7,189▼ $3,574
Total Assets$3,479,533$3,294,183▼ $185,350
Other Assets Total$25,964$20,380▼ $5,584
Liabilities
Other Liabilities$3,049,623$2,858,469▼ $191,154
Deferred Revenue$59,534$67,528▲ $7,994
Accounts Payable and Accrued Expenses$12,150$31,967▲ $19,817
Total Liabilities$3,121,307$2,957,964▼ $163,343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$358,226$336,219▼ $22,007
Total Net Assets Fund Balance$358,226$336,219▼ $22,007
Total Liabilities and Net Assets / Fund Balance$3,479,533$3,294,183▼ $185,350
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher CoylePresident
Marsha DaerrMember at La
Morgan StreechMember at La
Sky ScottMember at La
Philippa IrwinSecretary
Randell YoungVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Bemus LandscapeLandscaping184 N LAS POSAS RD, San Marcos, CA 92069$752,804
Seabreeze ManagementManagement26840 ALISO VIEJO PARKWAY SUITE 100, Aliso Viejo, CA 92656$101,797
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,536,396
Investment Income
$44,906
Other Revenue
$0
Change in Net Assets
$-2,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,581,302
Total Revenue per Audited Statements
$1,581,302
Total Revenue per Form 990
$1,581,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,583,949
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$101,847-$101,847
All Other Expenses$99,852--$99,852
Other Expenses$68,526--$68,526
Office Expenses$13,680--$13,680
Insurance$13,176--$13,176
Fees for Services Legal$12,654--$12,654
Total Functional Expenses$1,482,102$101,847$0$1,583,949

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,583,949
Total Expenses per Audited Statements$1,583,949
Total Expenses per Form 990$1,583,949
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract Liabilities$2,858,469
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
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 I
EIN
33-0239012
Phone
9496729080
Address
26840 ALISO VIEJO PARKWAY STE 100, ALISO VIEJO, CA 92656

Signing Officer

Name
Christopher Coyle
Title
President
Phone
9494486000
Signed
2021-08-18
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 Certified Public Accountant Pc
Address
3164 LIONSHEAD AVENUE SUITE B, CARLSBAD, CA 92010
Preparer
Jeremy Newman
Phone
8445607300
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.

Form 990, Part XI, Line 9

Transfer to/from contract liabilities -19,360

Raw XML Appendix328 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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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01583949
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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/ExplanationTxt1THE 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/ExplanationTxt2DAILY 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/ExplanationTxt3PER THE GOVERNING DOCUMENTS, OWNERS/RESIDENTS BECOME MEMBERS UPON OWNERSHIP OF A HOME IN THE COMMUNITY. THERE ARE 1,196 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS 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/ExplanationTxt5THE 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/ExplanationTxt6FEDERAL AND STATE TAX RETURNS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRANSFER TO/FROM CONTRACT LIABILITIES -19,360
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03479533
IRS990/TotalAssetsEOYAmt03294183
IRS990/TotalAssetsGrp/BOYAmt03479533
IRS990/TotalAssetsGrp/EOYAmt03294183
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101847
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01482102
IRS990/TotalFunctionalExpensesGrp/TotalAmt01583949
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03121307
IRS990/TotalLiabilitiesEOYAmt02957964
IRS990/TotalLiabilitiesGrp/BOYAmt03121307
IRS990/TotalLiabilitiesGrp/EOYAmt02957964
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0358226
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0336219
IRS990/TotalProgramServiceExpensesAmt01482102
IRS990/TotalProgramServiceRevenueAmt01536396
IRS990/TotalRevenueGrp/ExclusionAmt044906
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01536396
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01581302
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03479533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03294183
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER COYLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09494486000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORSTER RANCH MASTER ASSOCIATION I
ReturnHeader/Filer/BusinessNameControlTxt0FORS
ReturnHeader/Filer/EIN0330239012
ReturnHeader/Filer/PhoneNum09496729080
ReturnHeader/Filer/USAddress/AddressLine1Txt026840 ALISO VIEJO PARKWAY STE 100
ReturnHeader/Filer/USAddress/CityNm0ALISO VIEJO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092656
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263519134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEWMAN CERTIFIED PUBLIC ACCOUNTANT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03164 LIONSHEAD AVENUE SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARLSBAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092010
ReturnHeader/PreparerPersonGrp/PhoneNum08445607300
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY NEWMAN
ReturnHeader/ReturnTs02021-08-31T09:20:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTOPHER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COYLE
ReturnHeader/TaxPeriodBeginDt02020-05-01
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02020

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