Civic Intelligence

The Rancho Meridian Mobilehome Park Corp

EIN 33-0719907 • 501(c)3 • Santa Ana, CA

Profile

The corporation was created to lessen the governmental burdens by providing assistance to the former redevelopment agency of the city of san bernardino in its redevelopment efforts to promote economic development within the city of san bernardino, including, but not limited to, assuming the ownership and operation of rancho meridian mobile home corporation in irder to increase the availability of low and moderate income housing within the city.

P O Box 11927Santa Ana, CA 92711

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.78x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

5.82x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

10th percentile

-32%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$82,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

15th percentile

-11%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.5%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,051,958

Down $520,634 (-11%) from 2023

Liabilities

Down

$7,207,139

Down $122,981 (-1.7%) from 2023

Net Assets

Down

-$3,155,181

Down $397,653 (-14%) from 2023

Revenue

Up

$1,238,243

Up $64,267 (+5.5%) from 2023

Expenses

Down

$1,635,896

Down $680,979 (-29%) from 2023

Net Income

Up

-$397,653

Up $745,246 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $3,714,740Liabilities 2013: $5,048,875Net Assets 2013: -$1,334,1352013Assets 2014: $3,877,973Liabilities 2014: $5,383,615Net Assets 2014: -$1,505,6422014Assets 2015: $3,913,750Liabilities 2015: $5,330,669Net Assets 2015: -$1,416,9192015Assets 2016: $3,873,007Liabilities 2016: $5,279,100Net Assets 2016: -$1,406,0932016Assets 2017: $4,110,206Liabilities 2017: $5,500,340Net Assets 2017: -$1,390,1342017Assets 2018: $4,165,903Liabilities 2018: $5,443,637Net Assets 2018: -$1,277,7342018Assets 2019: $4,132,236Liabilities 2019: $5,386,785Net Assets 2019: -$1,254,5492019Assets 2020: $4,043,435Liabilities 2020: $5,323,236Net Assets 2020: -$1,279,8012020Assets 2021: $4,063,637Liabilities 2021: $4,642,801Net Assets 2021: -$579,1642021Assets 2022: $5,838,063Liabilities 2022: $7,452,692Net Assets 2022: -$1,614,6292022Assets 2023: $4,572,592Liabilities 2023: $7,330,120Net Assets 2023: -$2,757,5282023Assets 2024: $4,051,958Liabilities 2024: $7,207,139Net Assets 2024: -$3,155,1812024

Highlighted filing

2024

Assets$4,051,958
Liabilities$7,207,139
Net Assets-$3,155,181

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2013: $892,4022013Revenue 2014: $878,677Expenses 2014: $967,287Net Income 2014: -$88,6102014Revenue 2015: $888,921Expenses 2015: $800,198Net Income 2015: $88,7232015Revenue 2016: $907,956Expenses 2016: $897,130Net Income 2016: $10,8262016Revenue 2017: $958,662Expenses 2017: $942,703Net Income 2017: $15,9592017Revenue 2018: $979,340Expenses 2018: $866,940Net Income 2018: $112,4002018Revenue 2019: $1,021,465Expenses 2019: $998,280Net Income 2019: $23,1852019Revenue 2020: $1,061,434Expenses 2020: $1,086,686Net Income 2020: -$25,2522020Revenue 2021: $1,692,495Expenses 2021: $991,858Net Income 2021: $700,6372021Revenue 2022: $1,095,534Expenses 2022: $2,130,999Net Income 2022: -$1,035,4652022Revenue 2023: $1,173,976Expenses 2023: $2,316,875Net Income 2023: -$1,142,8992023Revenue 2024: $1,238,243Expenses 2024: $1,635,896Net Income 2024: -$397,6532024

Highlighted filing

2024

Revenue$1,238,243
Expenses$1,635,896
Net Income-$397,653

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 4, 2024
Return Version
2023v5.1
Gross Receipts
$1,238,243
Mission and Program Overview

Mission

The corporation was created to lessen the governmental burdens by providing assistance to the former redevelopment agency of the city of san bernardino in its redevelopment efforts to promote economic development within the city of san bernardino, including, but not limited to, assuming the ownership and operation of rancho meridian mobile home corporation in irder to increase the availability of low and moderate income housing within the city.

The organization (mobile home park) charges for space rent and utilities, this allows us to offset costs which enable us to increase the city of san bernardino's supply of housing for low and moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,572,415$2,475,926▼ $96,489
Investments in Publicly Traded Securities$252,557$823,949▲ $571,392
Cash and Non-Interest-Bearing Accounts$1,146,757$444,719▼ $702,038
Accounts Receivable$258,100$0▼ $258,100
Prepaid Expenses and Deferred Charges$25,481$27,779▲ $2,298
Savings and Temporary Cash Investments-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,572,592$4,051,958▼ $520,634
Other Assets Total$317,282$279,585▼ $37,697
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,288,300$7,148,515▼ $139,785
Accounts Payable and Accrued Expenses$15,852$34,484▲ $18,632
Other Liabilities$25,968$24,140▼ $1,828
Total Liabilities$7,330,120$7,207,139▼ $122,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,757,528$-3,155,181▼ $397,653
Total Net Assets Fund Balance$-2,757,528$-3,155,181▼ $397,653
Total Liabilities and Net Assets / Fund Balance$4,572,592$4,051,958▼ $520,634

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,071,123$2,224,579$3,295,702
Land$1,222,441-$1,222,441
Other Land Buildings$155,468$240,628$396,096
Equipment$26,894$456$27,350
Other Assets Org$279,585--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Gary BrendzelSecretary/COOFT$82,000$82,000
Dennis KazarianPresidentFT$66,200$66,200
Barry ColeDirectorPT$22,000$22,000
Jess MaxcyDirectorPT$22,000$22,000
Jim DuffyDirectorPT$22,000$22,000
John YeandleDirectorPT$22,000$22,000
Ramon RodriguezDirectorPT$22,000$22,000
Thomas LacroixDirectorPT$22,000$22,000
Aaron BrandenburgDirectorPT$14,500$14,500
David YegenianDirectorPT$8,000$8,000

Board Members and Trustees

NameTitle
Richard SimonianVice President
Shontele SimonianTreasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,214,411
Investment Income
$23,832
Other Revenue
$0
Change in Net Assets
$-397,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,243
Total Revenue per Audited Statements
$1,238,243
Total Revenue per Form 990
$1,238,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,630,471
Salaries, Compensation, and Employee Benefits$5,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$290,826--$290,826
Occupancy$264,515--$264,515
Depreciation Depletion$149,576--$149,576
Other Expenses$89,981--$89,981
Fees for Services Management-$53,476-$53,476
Insurance$47,494--$47,494
All Other Expenses$20,978--$20,978
Fees for Services Accounting-$10,125-$10,125
Fees for Services Legal$5,955--$5,955
Other Salaries and Wages$5,425--$5,425
Total Functional Expenses$1,572,295$63,601$0$1,635,896

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,635,896
Total Expenses per Audited Statements$1,635,896
Total Expenses per Form 990$1,635,896
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Santiago Communities IncBusinessManagement Fee AgreementNo$53,476

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
Accrued Interest Payable$23,542
Unearned Revenue$598
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Richard simonian is vice-president of the non-profit and shontele simonian is cfo/treasurer of the non-profit. They are related as father and daughter-in-law. Barry cole (a director of the non-profit) is the insurance agent for an outside business owned by richard simonian (vp of the non-profit).

Form 990, Part VI, Section A, Line 3

The management of the corporations's sole asset, a mobile home park, was put out to a public bid and awarded to the current management company.

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

The board members convene and the form 990 is reviewed by the board.

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

Any potential conflicts of interest are disclosed in writing and are discussed and resolved by the board. The disclosures are monitored by corporate counsel who brings the information to the board for enforcement where necessary.

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

The compensation of officers and key employees was determined by input from outside corporate and tax counsel, review of similar positions, discussions with independent cpa's. Officers are paid by the corporation's parent organization and then charged to the corporation.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Rancho Meridian Mobilehome Park Corp
EIN
33-0719907
Phone
7147444993
Address
P O BOX 11927, SANTA ANA, CA 92711

Signing Officer

Name
Shontele Simonian
Title
Treasurer/CFO
Signed
2024-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Kazarian
Formed
1996
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
2

Preparer

Firm
Genske Mulder & Co LLP
Address
4150 Concours Ste 250, Ontario, CA 91764
Preparer
Bradford P Carr CPA
Phone
9094832100
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IRS990/MissionDesc0THE CORPORATION WAS CREATED TO LESSEN THE GOVERNMENTAL BURDENS BY PROVIDING ASSISTANCE TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO IN ITS REDEVELOPMENT EFFORTS TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF SAN BERNARDINO, INCLUDING, BUT NOT LIMITED TO, ASSUMING THE OWNERSHIP AND OPERATION OF RANCHO MERIDIAN MOBILE HOME CORPORATION IN IRDER TO INCREASE THE AVAILABILITY OF LOW AND MODERATE INCOME HOUSING WITHIN THE CITY.
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