Civic Intelligence

Centrelake Owners Association

EIN 33-0247894 • 501(c)4 • Irvine, CA

Profile

NONE

PO Box 52798Irvine, CA 92619

n/A

Siviq Scores

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

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Net Margin

40th percentile

-2.4%

Higher net margin than 40% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

-10%

Faster asset growth than 33% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

9.4%

Faster revenue growth than 66% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$494,852

Up $54,110 (+12%) from 2023

Liabilities

Up

$12,127

Up $1,719 (+17%) from 2023

Net Assets

Up

$482,725

Up $52,391 (+12%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin40th percentile

Revenue

Down

$232,906

Down $7,973 (-3.3%) from 2023

Expenses

Down

$234,625

Down $6,652 (-2.8%) from 2023

Net Income

Down

-$1,719

Down $1,321 (-332%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

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

$600K$400K$200K$0Assets 2014: $97,880Liabilities 2014: $0Net Assets 2014: $97,8802014Assets 2015: $131,995Liabilities 2015: $0Net Assets 2015: $131,9952015Assets 2016: $178,618Liabilities 2016: $0Net Assets 2016: $178,6182016Assets 2017: $214,461Liabilities 2017: $0Net Assets 2017: $214,4612017Assets 2018: $257,780Liabilities 2018: $0Net Assets 2018: $257,7802018Assets 2019: $253,320Liabilities 2019: $0Net Assets 2019: $253,3202019Assets 2020: $459,542Liabilities 2020: $0Net Assets 2020: $459,5422020Assets 2021: $412,738Liabilities 2021: $4,882Net Assets 2021: $407,8562021Assets 2022: $448,503Liabilities 2022: $10,011Net Assets 2022: $438,4922022Assets 2023: $440,742Liabilities 2023: $10,408Net Assets 2023: $430,3342023Assets 2024: $494,852Liabilities 2024: $12,127Net Assets 2024: $482,7252024

Highlighted filing

2024

Assets$494,852
Liabilities$12,127
Net Assets$482,725
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $187,590Expenses 2014: $202,840Net Income 2014: -$15,2502014Revenue 2015: $194,604Expenses 2015: $190,218Net Income 2015: $4,3862015Revenue 2016: $177,139Expenses 2016: $177,140Net Income 2016: -$12016Revenue 2017: $175,673Expenses 2017: $182,732Net Income 2017: -$7,0592017Revenue 2018: $178,387Expenses 2018: $177,509Net Income 2018: $8782018Revenue 2019: $208,282Expenses 2019: $210,058Net Income 2019: -$1,7762019Revenue 2020: $196,093Expenses 2020: $201,228Net Income 2020: -$5,1352020Revenue 2021: $214,477Expenses 2021: $219,621Net Income 2021: -$5,1442021Revenue 2022: $207,229Expenses 2022: $212,358Net Income 2022: -$5,1292022Revenue 2023: $240,879Expenses 2023: $241,277Net Income 2023: -$3982023Revenue 2024: $232,906Expenses 2024: $234,625Net Income 2024: -$1,7192024

Highlighted filing

2024

Revenue$232,906
Expenses$234,625
Net Income-$1,719
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$494,852
Liabilities
$12,127
Net assets
$482,725
Revenue
$232,906
Expenses
$234,625
Net income
-$1,719
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.95$0.12$4.83$2.33$2.35$0.02
2023Detailed filing. Detailed filing data is available for this year.$4.41$0.10$4.30$2.41$2.41$0.00
2022Detailed filing. Detailed filing data is available for this year.$4.49$0.10$4.38$2.07$2.12$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.13$0.05$4.08$2.14$2.20$0.05
2020Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$1.96$2.01$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$2.08$2.10$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$1.78$1.78$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$1.76$1.83$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$1.77$1.77$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$1.95$1.90$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$1.88$2.03$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 23, 2025
Return Version
2024v5.0
Gross Receipts
$232,906
Mission and Program Overview

Mission

NONE

The specific and primary purposes of the association are to bring about civic betterments and social improvements by providing for the preservation and appearance of the development. The association owns and maintains lake and park areas covering 73 acres located in ontario, california. The park and lake areas are accessible to residents in the surrounding residential areas on an unrestricted basis. Among the general purposes of the association is to promote the common good, health, safety, and general welfare of the community. No grants are provided to others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$440,742$494,852▲ $54,110
Total Assets$440,742$494,852▲ $54,110
Liabilities
Accounts Payable and Accrued Expenses$10,408$12,127▲ $1,719
Total Liabilities$10,408$12,127▲ $1,719
Net Assets / Fund Balance
Net Assets With Donor Restrictions$440,742$494,852▲ $54,110
Net Assets Without Donor Restrictions$-10,408$-12,127▼ $1,719
Total Net Assets Fund Balance$430,334$482,725▲ $52,391
Total Liabilities and Net Assets / Fund Balance$440,742$494,852▲ $54,110
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Michael RademakerCEO
Rakesh SethCFO
Ray TongSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$218,732
Program Service Revenue
$0
Investment Income
$14,174
Other Revenue
$0
Change in Net Assets
$-1,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,625
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$12,930$12,930-$25,860
Insurance$4,592$7,819-$12,411
Office Expenses-$2,400-$2,400
Fees for Services Legal$710$1,210-$1,920
Other Expenses$800--$800
Fees for Services Accounting-$790-$790
Total Functional Expenses$209,476$25,149$0$234,625
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association uses the services of a management company to handle day to day operations of the development including collections, bill payments, owners assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.”

Form 990, Part VI, Section A, Line 6

“Upon purchase of a unit within the development, each owner becomes a member of the association.”

Form 990, Part VI, Section A, Line 7A

“The board of directors are voted upon by the membership at an annual meeting wich requires a quorum of 50% of the 18 voting members. Board members serve a 2 year term and come up for election in alternating cycles.”

Form 990, Part VI, Section A, Line 7B

“Dues increases in excess of 20% and special assessments in excess of 5% of the budget are subject to membership approval.”

Form 990, Part VI, Section B, Line 11B

“The tax return is delivered to the management company for presentation at the next board of director meeting. Upon review, a board member signs the returns as the association representative.”

Form 990, Part VI, Section B, Line 12C

“The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.”

Form 990, Part VI, Section C, Line 19

“Upon close of escrow, new unit owners are provided with a copy of the association's governing documents. The conflict of interest policy and monthly financials are available upon request.”

Filing and Contact Details

Filer

Filer Name
Centrelake Owners Association
EIN
33-0247894
Phone
9494486300
Address
PO BOX 52798, IRVINE, CA 92619

Signing Officer

Name
Christian Vasquez
Title
Manager
Phone
7148383200
Signed
2025-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rademaker
Formed
1987
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cline Carroll & Bartell Llp
Address
9190 IRVINE CENTER DRIVE, IRVINE, CA 92618
Preparer
Michael J Gelfuso
Phone
9494500555
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Members capital contr. To replacement funds (sec. 118) 54,312. Capital expenditures from replacement funds -202.”

Raw XML Appendix281 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010408
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012127
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION AND APPEARANCE OF THE DEVELOPMENT. THE ASSOCIATION OWNS AND MAINTAINS LAKE AND PARK AREAS COVERING 73 ACRES LOCATED IN ONTARIO, CALIFORNIA. THE PARK AND LAKE AREAS ARE ACCESSIBLE TO RESIDENTS IN THE SURROUNDING RESIDENTIAL AREAS ON AN UNRESTRICTED BASIS. AMONG THE GENERAL PURPOSES OF THE ASSOCIATION IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF THE COMMUNITY. NO GRANTS ARE PROVIDED TO OTHERS.
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
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IRS990/CollectionsOfArtInd00
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IRS990/DonorRstrOrQuasiEndowmentsInd00
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IRS990/FeesForServicesLegalGrp/TotalAmt01920
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt012930
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IRS990/FeesForServicesManagementGrp/TotalAmt025860
IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL RADEMAKER
IRS990/Form990PartVIISectionAGrp/PersonNm1RAY TONG
IRS990/Form990PartVIISectionAGrp/PersonNm2RAKESH SETH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0232906
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07819
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014174
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0218732
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0430334
IRS990/NetAssetsOrFundBalancesEOYAmt0482725
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0LANDSCAPING
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IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USES THE SERVICES OF A MANAGEMENT COMPANY TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL PAYMENTS, OWNERS ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON PURCHASE OF A UNIT WITHIN THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WICH REQUIRES A QUORUM OF 50% OF THE 18 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES INCREASES IN EXCESS OF 20% AND SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE SUBJECT TO MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TAX RETURN IS DELIVERED TO THE MANAGEMENT COMPANY FOR PRESENTATION AT THE NEXT BOARD OF DIRECTOR MEETING. UPON REVIEW, A BOARD MEMBER SIGNS THE RETURNS AS THE ASSOCIATION REPRESENTATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON CLOSE OF ESCROW, NEW UNIT OWNERS ARE PROVIDED WITH A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS. THE CONFLICT OF INTEREST POLICY AND MONTHLY FINANCIALS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERS CAPITAL CONTR. TO REPLACEMENT FUNDS (SEC. 118) 54,312. CAPITAL EXPENDITURES FROM REPLACEMENT FUNDS -202.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0494852
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 52798
IRS990/USAddress/CityNm0IRVINE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092619
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTIAN VASQUEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07148383200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRELAKE OWNERS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0330247894
ReturnHeader/Filer/PhoneNum09494486300
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 52798
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092619
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953184251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLINE CARROLL & BARTELL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09190 IRVINE CENTER DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092618
ReturnHeader/PreparerPersonGrp/PhoneNum09494500555
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J GELFUSO
ReturnHeader/ReturnTs02025-04-08T11:54:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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