Civic Intelligence

Boatwright Homes Inc.

990 • Fiscal year 2015 • EIN 33-0643244

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 29, 2016

1402 D StreetBrawley, CA 92227

(760) 351-7000

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.24x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-35%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

34th percentile

-2.6%

Faster asset growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

3.0%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,315,117

Down $34,439 (-2.6%) from 2014

Net Assets

Down

$1,290,221

Down $35,694 (-2.7%) from 2014

Liabilities

Up

$24,896

Up $1,255 (+5.3%) from 2014

Revenue

Up

$101,848

Up $2,959 (+3.0%) from 2014

Expenses

Up

$137,542

Up $1,160 (+0.9%) from 2014

Net Income

Up

-$35,694

Up $1,799 (+4.8%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $1,349,556Liabilities 2014: $23,641Net Assets 2014: $1,325,9152014Assets 2015: $1,315,117Liabilities 2015: $24,896Net Assets 2015: $1,290,2212015Assets 2016: $1,276,942Liabilities 2016: $22,527Net Assets 2016: $1,254,4152016Assets 2017: $1,239,340Liabilities 2017: $25,744Net Assets 2017: $1,213,5962017Assets 2018: $1,216,030Liabilities 2018: $35,502Net Assets 2018: $1,180,5282018Assets 2019: $1,174,606Liabilities 2019: $33,668Net Assets 2019: $1,140,9382019Assets 2020: $1,126,193Liabilities 2020: $23,946Net Assets 2020: $1,102,2472020Assets 2021: $1,075,162Liabilities 2021: $22,136Net Assets 2021: $1,053,0262021Assets 2022: $1,024,716Liabilities 2022: $20,704Net Assets 2022: $1,004,0122022Assets 2023: $992,296Liabilities 2023: $50,080Net Assets 2023: $942,2162023Assets 2024: $931,209Liabilities 2024: $36,690Net Assets 2024: $894,5192024

Highlighted filing

2015

Assets$1,315,117
Liabilities$24,896
Net Assets$1,290,221

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $98,889Expenses 2014: $136,382Net Income 2014: -$37,4932014Revenue 2015: $101,848Expenses 2015: $137,542Net Income 2015: -$35,6942015Revenue 2016: $103,703Expenses 2016: $139,509Net Income 2016: -$35,8062016Revenue 2017: $109,464Expenses 2017: $150,283Net Income 2017: -$40,8192017Revenue 2018: $112,602Expenses 2018: $145,670Net Income 2018: -$33,0682018Revenue 2019: $117,045Expenses 2019: $156,635Net Income 2019: -$39,5902019Revenue 2020: $116,551Expenses 2020: $155,242Net Income 2020: -$38,6912020Revenue 2021: $118,093Expenses 2021: $167,314Net Income 2021: -$49,2212021Revenue 2022: $117,309Expenses 2022: $166,323Net Income 2022: -$49,0142022Revenue 2023: $113,529Expenses 2023: $175,325Net Income 2023: -$61,7962023Revenue 2024: $119,635Expenses 2024: $167,332Net Income 2024: -$47,6972024

Highlighted filing

2015

Revenue$101,848
Expenses$137,542
Net Income-$35,694
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 29, 2016
Return Version
2015v2.0
Gross Receipts
$101,848
Mission and Program Overview

Mission

To produce housing opportunities for low income, elderly, and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,094,106$1,051,794▼ $42,312
Savings and Temporary Cash Investments$9,534$5,080▼ $4,454
Prepaid Expenses and Deferred Charges$2,539$2,848▲ $309
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$1,349,556$1,315,117▼ $34,439
Other Assets Total$243,377$255,395▲ $12,018
Liabilities
Accounts Payable and Accrued Expenses$19,306$20,875▲ $1,569
Other Liabilities$4,065$4,019▼ $46
Deferred Revenue$270$2▼ $268
Total Liabilities$23,641$24,896▲ $1,255
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,809,000$1,809,000→ $0
Unrestricted Net Assets$-483,085$-518,779▼ $35,694
Total Net Assets Fund Balance$1,325,915$1,290,221▼ $35,694
Total Liabilities and Net Assets / Fund Balance$1,349,556$1,315,117▼ $34,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$962,794$729,687$1,692,481
Land$89,000-$89,000
Other Assets Org$4,391--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard ThomasPresident
Dennis MoritaDirector
Gloria BristerDirector
Jean OswaltSec/treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$101,383
Investment Income
$465
Other Revenue
$0
Change in Net Assets
$-35,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,848
Total Revenue per Audited Statements
$101,848
Total Revenue per Form 990
$101,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,425
Salaries, Compensation, and Employee Benefits$30,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$42,312--$42,312
Other Salaries and Wages$10,098$9,305-$19,403
All Other Expenses$6,529$5,660-$12,189
Other Employee Benefits$4,690$4,329-$9,019
Fees for Services Accounting-$6,270-$6,270
Other Expenses$5,388$11,771-$5,388
Office Expenses-$2,392-$2,392
Payroll Taxes$881$814-$1,695
Total Functional Expenses$97,001$40,541$0$137,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$137,542
Total Expenses per Audited Statements$137,542
Total Expenses per Form 990$137,542
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
Tenant Security Deposits$4,019
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Accounting, leasing, building maintenance, regulation and reporting compliance.

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

Review is performed by the Management Agent (IVHA) and the treasurer Jean Oswalt, CPA.

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

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Boatwright Homes Inc
EIN
33-0643244
Phone
7603517000
Address
1402 D STREET, BRAWLEY, CA 92227

Signing Officer

Name
Jean Oswalt
Title
Sec/treas.
Signed
2016-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Oswalt
Formed
1996
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108-3820
Preparer
Steven W Northcote
Phone
6192947200
Supplemental Narrative

Additional Explanations

Form 990, Partv, Line 2A & Part Iz, Line 7

Employees, salaries and wages - the organization reimburses the management company for wages and pyroll taxes. Employees are paid by the management company, thus no w-2 is issued directly by the organization.

Financial Statement Notes

Part X : FIN48 Footnote

The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2015, 2014, 2013, and 2012 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.

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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09534
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05080
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0465
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0562
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0579
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02247
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0101383
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt098327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt094795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt094325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt094471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0483301
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0465
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0562
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0579
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02247
IRS990ScheduleA/InvestmentIncomeCYPct00.00460
IRS990ScheduleA/InvestmentIncomePYPct00.00510
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99540
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt0483301
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0101383
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt098327
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt094795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt094325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt094471
IRS990ScheduleA/Total509Grp/TotalAmt0483301
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0101848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt098889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt095374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt094675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt094762
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0485548
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0962794
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0729687
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01692481
IRS990ScheduleD/ExpensesSubtotalAmt0137542
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt089000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0251004
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14391
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04019
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0101848
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2015, 2014, 2013, and 2012 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01051794
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0255395
IRS990ScheduleD/TotalExpensesPerForm990Amt0137542
IRS990ScheduleD/TotalLiabilityAmt04019
IRS990ScheduleD/TotalRevenuePerForm990Amt0101848
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0101848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0137542
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting, leasing, building maintenance, regulation and reporting compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Review is performed by the Management Agent (IVHA) and the treasurer Jean Oswalt, CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EMPLOYEES, SALARIES AND WAGES - THE ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR WAGES AND PYROLL TAXES. EMPLOYEES ARE PAID BY THE MANAGEMENT COMPANY, THUS NO W-2 IS ISSUED DIRECTLY BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PARTV, LINE 2A & PART IZ, LINE 7
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01809000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01809000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01349556
IRS990/TotalAssetsEOYAmt01315117
IRS990/TotalAssetsGrp/BOYAmt01349556
IRS990/TotalAssetsGrp/EOYAmt01315117
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040541
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097001
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137542
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023641
IRS990/TotalLiabilitiesEOYAmt024896
IRS990/TotalLiabilitiesGrp/BOYAmt023641
IRS990/TotalLiabilitiesGrp/EOYAmt024896
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01325915
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01290221
IRS990/TotalProgramServiceExpensesAmt097001
IRS990/TotalProgramServiceRevenueAmt0101383
IRS990/TotalRevenueGrp/ExclusionAmt0465
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101383
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101848
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01349556
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01315117
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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