Civic Intelligence

Decro Corporation

990 • Fiscal year 2013 • EIN 33-0362163

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 18, 2014

5753-g E Santa Ana Canyon Road No57492807

(714) 974-0128

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.03x

Higher debt load relative to assets than 43% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

73rd percentile

0.22x

Higher debt load relative to revenue than 73% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

2nd percentile

-170%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

94th percentile

$134,850

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 114.8% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$955,125

Down $175,836 (-16%) from 2012

Net Assets

Down

$929,324

Down $200,301 (-18%) from 2012

Liabilities

Up

$25,801

Up $24,465 (+1831%) from 2012

Revenue

$117,512

No earlier filing loaded for comparison.

Expenses

Up

$317,813

Up $20,175 (+6.8%) from 2012

Net Income

-$200,301

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.

$300M$200M$100M$0Assets 2012: $1,130,961Liabilities 2012: $1,336Net Assets 2012: $1,129,6252012Assets 2013: $955,125Liabilities 2013: $25,801Net Assets 2013: $929,3242013Assets 2014: $732,033Liabilities 2014: $6,098Net Assets 2014: $725,9352014Assets 2016: $786,743Liabilities 2016: $34,380Net Assets 2016: $752,3632016Assets 2018: $5,997,364Liabilities 2018: $4,598,494Net Assets 2018: $1,398,8702018Assets 2019: $6,919,314Liabilities 2019: $367,666Net Assets 2019: $6,551,6482019Assets 2020: $9,205,675Liabilities 2020: $1,250,553Net Assets 2020: $7,955,1222020Assets 2021: $174,342,355Liabilities 2021: $158,564,016Net Assets 2021: $15,778,3392021Assets 2022: $213,147,486Liabilities 2022: $202,445,986Net Assets 2022: $10,701,5002022Assets 2024: $276,505,417Liabilities 2024: $271,278,715Net Assets 2024: $5,226,7022024

Highlighted filing

2013

Assets$955,125
Liabilities$25,801
Net Assets$929,324

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2012: $297,6382012Revenue 2013: $117,512Expenses 2013: $317,813Net Income 2013: -$200,3012013Revenue 2014: $131,834Expenses 2014: $335,223Net Income 2014: -$203,3892014Revenue 2016: $312,045Expenses 2016: $288,296Net Income 2016: $23,7492016Revenue 2018: $393,891Expenses 2018: $642,422Net Income 2018: -$248,5312018Revenue 2019: $1,771,837Expenses 2019: $1,133,219Net Income 2019: $638,6182019Revenue 2020: $2,987,780Expenses 2020: $1,584,306Net Income 2020: $1,403,4742020Revenue 2021: $6,831,184Expenses 2021: $10,803,069Net Income 2021: -$3,971,8852021Revenue 2022: $8,085,228Expenses 2022: $11,134,335Net Income 2022: -$3,049,1072022Revenue 2024: $15,231,464Expenses 2024: $20,416,139Net Income 2024: -$5,184,6752024

Highlighted filing

2013

Revenue$117,512
Expenses$317,813
Net Income-$200,301
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 18, 2014
Return Version
2013v3.0
Gross Receipts
$117,512
Mission and Program Overview

Mission

The corporation is to provide affordable, safe and well-maintained housing and services for low-income families and seniors.

The corporation is to expand the availability of affordable housing for lowand very low income individuals and families residing in disadvantagedcommunities, the elderly, or persons with physical or mental disabilities through the development, ownership and management of affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$375,692$668,090▲ $292,398
Savings and Temporary Cash Investments$475,139--
Accounts Receivable$140,412$138,545▼ $1,867
Investments Program Related$125,264$124,445▼ $819
Prepaid Expenses and Deferred Charges$3,476$6,015▲ $2,539
Land, Buildings, and Equipment, Net$3,522$2,081▼ $1,441
Total Assets$1,130,961$955,125▼ $175,836
Other Assets Total$7,456$15,949▲ $8,493
Liabilities
Accounts Payable and Accrued Expenses$1,336$25,801▲ $24,465
Total Liabilities$1,336$25,801▲ $24,465
Net Assets / Fund Balance
Unrestricted Net Assets$1,129,625$929,324▼ $200,301
Total Net Assets Fund Balance$1,129,625$929,324▼ $200,301
Total Liabilities and Net Assets / Fund Balance$1,130,961$955,125▼ $175,836

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$66$11,711$11,777
Equipment$2,015$2,061$4,076
Investment Program Related Org$-2,262--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
James P ShanerPresident & CEOFT$134,850$134,850

Board Members and Trustees

NameTitle
Christopher WilkeVice President
J Warren AveryDirector
Katherine T GazunisDirector
Timothy WetzelDirector
Alexander J NweeiaSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$115,820
Investment Income
$1,692
Other Revenue
$0
Change in Net Assets
$-200,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$317,813
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
Insurance-$4,780-$4,780
Travel$3,009--$3,009
Office Expenses-$1,791-$1,791
All Other Expenses$1,713--$1,713
Conferences and Meetings$1,609--$1,609
Other Expenses$945$807-$945
Information Technology$877--$877
Depreciation Depletion$875--$875
Fees for Services Accounting$600--$600
Total Functional Expenses$310,435$7,378$0$317,813
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There were no executive committee meetings conducted in 2013.

Form 990, Part VI, Section B, Line 11

A review and reconciliation of information provided to the paid preparer of the form is performed. Upon completion of this process the form is reviewed by the executive committee and approved. Once the executive committee approves the form is filed accordingly.

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

An annual monitoring process is performed in the first quarter of the fiscal year.

Form 990, Part VI, Section B, Line 15B

The organization will not incur compensation related expenditures presently or in the future due to its ownership structure.

Form 990, Part VI, Section C, Line 19

Documents are made available to the public upon request at the convenience of the organization.

Filing and Contact Details

Filer

EIN
33-0362163
Phone
7149740128

Signing Officer

Name
James P Shaner
Title
Secretary-treasurer
Phone
7149740128
Signed
2014-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexander J Nweeia
Formed
1989
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Preparer
David Keller
Phone
8183833079
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01969766
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02015
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02061
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04076
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0-2023
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1-69646
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2200975
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3-137
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4-2162
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5-109
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6-191
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt7-2262
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS IN BARSTOW SUNCREST APARTMENTS LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENTS IN DECRO ORION APARTMENTS, L.P. VIA DECRO ORION LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENTS IN DECRO OSBORNE APARTMENTS, L.P. VIA DECRO OSBORNE LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENTS IN JW APARTMENTS, L.P.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENTS IN PEPPERTREE OF BANNING LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INVESTMENTS IN PICO NEW HAMPSHIRE UNITED METHODIST HOUSING LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6INVESTMENTS IN ST. ANNE'S TRANSITIONAL HOUSING AND CHILDCARE CENTER, LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7INVESTMENTS IN VALLE VERDE OF ORANGE COVE LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011711
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011777
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02081
IRS990ScheduleD/TotalBookValueProgramRltdAmt0124445
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO EXECUTIVE COMMITTEE MEETINGS CONDUCTED IN 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REVIEW AND RECONCILIATION OF INFORMATION PROVIDED TO THE PAID PREPARER OF THE FORM IS PERFORMED. UPON COMPLETION OF THIS PROCESS THE FORM IS REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED. ONCE THE EXECUTIVE COMMITTEE APPROVES THE FORM IS FILED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL MONITORING PROCESS IS PERFORMED IN THE FIRST QUARTER OF THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL NOT INCUR COMPENSATION RELATED EXPENDITURES PRESENTLY OR IN THE FUTURE DUE TO ITS OWNERSHIP STRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE CONVENIENCE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine10DECRO ORION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine11DECRO OSBORNE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0202969758
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1202700554
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0-69646
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1200975
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0SMLLC - GENERAL PARTNER IN LOW-INCOME HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1SMLLC - GENERAL PARTNER IN LOW-INCOME HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-40
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1-38
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine105753-G E SANTA ANA CANYON ROAD NO 5
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine115753-G E SANTA ANA CANYON ROAD NO 5
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/City0ANAHEIM HILLS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/City1ANAHEIM HILLS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/State0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/State1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCode092807
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCode192807
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine10DECRO CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0330742447
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROPERTY MANAGEMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10DECRO MANAGEMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt075444
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt024478
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine105753-G E SANTA ANA CANYON ROAD NO 5
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0ANAHEIM HILLS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode092807
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd40
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd50
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd60
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd70
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0202522354
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1203969774
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2721571576
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3200618727
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN4320025011
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN5331026794
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN6320025015
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN7200331130
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd11
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd21
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd31
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd41
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd51
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd61
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd71
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd4CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd5CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd6CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd7CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct20.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct30.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct40.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct50.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct60.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct70.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt2RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt3RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt4RENTAL REAL ESTATE

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