Civic Intelligence

Rancho Viejo Master Association

990 • Fiscal year 2019 • EIN 33-0868573

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 07, 2020

9665 Chesapeake Drive Suite 300San Diego, CA 92123

(858) 495-0900

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.62x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.37x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

41st percentile

-0.4%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

24th percentile

-11%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

7.9%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$291,021

Down $37,771 (-11%) from 2018

Net Assets

Down

$110,791

Down $187,871 (-63%) from 2018

Liabilities

Up

$180,230

Up $150,100 (+498%) from 2018

Revenue

Up

$483,536

Up $35,233 (+7.9%) from 2018

Expenses

Down

$485,508

Down $9,344 (-1.9%) from 2018

Net Income

Up

-$1,972

Up $44,577 (+96%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $345,887Liabilities 2016: $8,981Net Assets 2016: $336,9062016Assets 2017: $393,079Liabilities 2017: $47,868Net Assets 2017: $345,2112017Assets 2018: $328,792Liabilities 2018: $30,130Net Assets 2018: $298,6622018Assets 2019: $291,021Liabilities 2019: $180,230Net Assets 2019: $110,7912019Assets 2020: $252,687Liabilities 2020: $142,077Net Assets 2020: $110,6102020Assets 2021: $277,423Liabilities 2021: $174,457Net Assets 2021: $102,9662021Assets 2022: $290,305Liabilities 2022: $130,336Net Assets 2022: $159,9692022Assets 2023: $297,663Liabilities 2023: $110,422Net Assets 2023: $187,2412023Assets 2024: $302,938Liabilities 2024: $131,029Net Assets 2024: $171,9092024

Highlighted filing

2019

Assets$291,021
Liabilities$180,230
Net Assets$110,791

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $394,211Expenses 2016: $400,564Net Income 2016: -$6,3532016Revenue 2017: $478,346Expenses 2017: $470,041Net Income 2017: $8,3052017Revenue 2018: $448,303Expenses 2018: $494,852Net Income 2018: -$46,5492018Revenue 2019: $483,536Expenses 2019: $485,508Net Income 2019: -$1,9722019Revenue 2020: $507,913Expenses 2020: $515,244Net Income 2020: -$7,3312020Revenue 2021: $430,698Expenses 2021: $438,342Net Income 2021: -$7,6442021Revenue 2022: $488,168Expenses 2022: $446,457Net Income 2022: $41,7112022Revenue 2023: $492,689Expenses 2023: $465,417Net Income 2023: $27,2722023Revenue 2024: $468,995Expenses 2024: $484,327Net Income 2024: -$15,3322024

Highlighted filing

2019

Revenue$483,536
Expenses$485,508
Net Income-$1,972
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 7, 2020
Return Version
2019v5.0
Gross Receipts
$483,536
Mission and Program Overview

Mission

Enhancement of community values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$193,050$181,994▼ $11,056
Cash and Non-Interest-Bearing Accounts$111,809$94,729▼ $17,080
Accounts Receivable$18,681$8,448▼ $10,233
Total Assets$328,792$291,021▼ $37,771
Other Assets Total$5,252$5,850▲ $598
Liabilities
Other Liabilities$13,302$163,004▲ $149,702
Accounts Payable and Accrued Expenses$16,828$17,226▲ $398
Total Liabilities$30,130$180,230▲ $150,100
Net Assets / Fund Balance
Net Assets With Donor Restrictions$185,900--
Net Assets Without Donor Restrictions$112,762$110,791▼ $1,971
Total Net Assets Fund Balance$298,662$110,791▼ $187,871
Total Liabilities and Net Assets / Fund Balance$328,792$291,021▼ $37,771
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elisabeth PhillipsPresident
David ShinnDirector
Sheri ConnollyTreasurer
Cami SuretteVP/interim S

Highest Paid Contractors

ContractorServicesLocationCompensation
Green Valley LandscapeLansdcape1182 INDUSTRIAL AVENUE, Escondido, CA 92029$168,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$480,819
Investment Income
$2,717
Other Revenue
$0
Change in Net Assets
$-1,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,536
Total Revenue per Audited Statements
$483,536
Total Revenue per Form 990
$483,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,508
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-$57,212-$57,212
Other Expenses$32,238--$32,238
Fees for Services Other$26,156--$26,156
All Other Expenses$14,436--$14,436
Fees for Services Legal$12,145--$12,145
Office Expenses-$9,747-$9,747
Insurance$7,360--$7,360
Total Functional Expenses$418,549$66,959$0$485,508

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$485,508
Total Expenses per Audited Statements$485,508
Total Expenses per Form 990$485,508
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract Liabilities$152,623
Prepaid Assessments$10,291
Income Taxes Payable$90
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 corporation. The board of directors appoints and supervises those who are responsible for the daily activities. The board of directors governs the organization in its pursuit of the corporation's charitable mission, and board members also carry legal and ethical responsibilities because they hold the nonprofit's assets in trust for the public. Furthermore, 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

A member of the association would generally be a subscriber to the corporation's memorandum of association (articles of incorporation) with the member's name entered in the corporation's register of members when the firm is registered (or incorporated). Owners automatically become members of the association.

Form 990, Page 6, Part VI, Line 7A

The corporation is structured to have members who have the right to elect directors of the corporation. During each year, the corporation holds an annual elections meeting where the association members elect the board members for the next year. The specific method of the board's election process is formally set in the corporation's organizational documents.

Form 990, Page 6, Part VI, Line 7B

An organization's governing documents dictate the various resolutions that require membership approval. The bylaws specify when board meetings must be held and how many board members must be present to pass official business matters via vote. The association complies with all state requirements for community interest developments regarding membership approval.

Form 990, Page 6, Part VI, Line 11B

The form 990 and other required state income tax returns are prepared by an independent certified public accountant as part of the review process. These income tax returns are then provided to the board of directors for review and signature authorization prior to their filing.

Form 990, Page 6, Part VI, Line 19

The corporation's articles of incorporation are available to the public on the state of california's secretary of state website. Other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Rancho Viejo Master Association
EIN
33-0868573
Phone
8584950900
Address
9665 CHESAPEAKE DRIVE SUITE 300, SAN DIEGO, CA 92123

Signing Officer

Name
David Shinn
Title
Director
Signed
2020-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elisabeth Phillips
Formed
1999
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Newman Certified Public Accountant Pc
Address
3164 LIONSHEAD AVENUE SUITE B, CARLSBAD, CA 92010
Preparer
Jeremy Newman
Phone
7602744029
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Asc 606 reserve reclass -185,899

Raw XML Appendix309 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAILY OPERATIONS ARE MANAGED BY AN INDEPENDENT, PROFESSIONAL MANAGEMENT COMPANY. THE MANAGEMENT COMPANY ACTS AS AN AGENT FOR THE CORPORATION. THE BOARD OF DIRECTORS APPOINTS AND SUPERVISES THOSE WHO ARE RESPONSIBLE FOR THE DAILY ACTIVITIES. THE BOARD OF DIRECTORS GOVERNS THE ORGANIZATION IN ITS PURSUIT OF THE CORPORATION'S CHARITABLE MISSION, AND BOARD MEMBERS ALSO CARRY LEGAL AND ETHICAL RESPONSIBILITIES BECAUSE THEY HOLD THE NONPROFIT'S ASSETS IN TRUST FOR THE PUBLIC. FURTHERMORE, 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/ExplanationTxt1A MEMBER OF THE ASSOCIATION WOULD GENERALLY BE A SUBSCRIBER TO THE CORPORATION'S MEMORANDUM OF ASSOCIATION (ARTICLES OF INCORPORATION) WITH THE MEMBER'S NAME ENTERED IN THE CORPORATION'S REGISTER OF MEMBERS WHEN THE FIRM IS REGISTERED (OR INCORPORATED). OWNERS AUTOMATICALLY BECOME MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION IS STRUCTURED TO HAVE MEMBERS WHO HAVE THE RIGHT TO ELECT DIRECTORS OF THE CORPORATION. DURING EACH YEAR, THE CORPORATION HOLDS AN ANNUAL ELECTIONS MEETING WHERE THE ASSOCIATION MEMBERS ELECT THE BOARD MEMBERS FOR THE NEXT YEAR. THE SPECIFIC METHOD OF THE BOARD'S ELECTION PROCESS IS FORMALLY SET IN THE CORPORATION'S ORGANIZATIONAL DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ORGANIZATION'S GOVERNING DOCUMENTS DICTATE THE VARIOUS RESOLUTIONS THAT REQUIRE MEMBERSHIP APPROVAL. THE BYLAWS SPECIFY WHEN BOARD MEETINGS MUST BE HELD AND HOW MANY BOARD MEMBERS MUST BE PRESENT TO PASS OFFICIAL BUSINESS MATTERS VIA VOTE. THE ASSOCIATION COMPLIES WITH ALL STATE REQUIREMENTS FOR COMMUNITY INTEREST DEVELOPMENTS REGARDING MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND OTHER REQUIRED STATE INCOME TAX RETURNS ARE PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AS PART OF THE REVIEW PROCESS. THESE INCOME TAX RETURNS ARE THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND SIGNATURE AUTHORIZATION PRIOR TO THEIR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC ON THE STATE OF CALIFORNIA'S SECRETARY OF STATE WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ASC 606 RESERVE RECLASS -185,899
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0485508
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ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SHINN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RANCHO VIEJO MASTER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0RANC
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ReturnHeader/Filer/PhoneNum08584950900
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
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ReturnHeader/FilingSecurityInformation/IPTm012:52:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263519134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEWMAN CERTIFIED PUBLIC ACCOUNTANT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03164 LIONSHEAD AVENUE SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARLSBAD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092010
ReturnHeader/PreparerPersonGrp/PhoneNum07602744029
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY NEWMAN
ReturnHeader/ReturnTs02020-05-27T12:52:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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