Civic Intelligence

Promesa Properties Inc

990 • Fiscal year 2015 • EIN 38-3782632

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 26, 2016

Organization ProfileN/A
7120 N Marks AveFresno, CA 93711

(559) 439-5437

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)2 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

2015 filings • 501(c)2 • $500k-$1M nonprofits • Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)2 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $552,099 (-100%) from 2014

Net Assets

Down

$0

Down $7,926 (-100%) from 2014

Liabilities

Down

$0

Down $544,173 (-100%) from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Down

-$37,739

Down $14,360 (-61%) from 2014

Expenses

Flat

$0

Flat from 2014

Net Income

Down

-$37,739

Down $14,360 (-61%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$800K$600K$400K$200K$0Assets 2010: $615,817Liabilities 2010: $525,103Net Assets 2010: $90,7142010Assets 2011: $598,632Liabilities 2011: $528,680Net Assets 2011: $69,9522011Assets 2012: $582,814Liabilities 2012: $535,265Net Assets 2012: $47,5492012Assets 2013: $567,553Liabilities 2013: $536,248Net Assets 2013: $31,3052013Assets 2014: $552,099Liabilities 2014: $544,173Net Assets 2014: $7,9262014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$0-$10K-$20K-$30K-$40KExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: -$16,244Expenses 2013: $0Net Income 2013: -$16,2442013Revenue 2014: -$23,379Expenses 2014: $0Net Income 2014: -$23,3792014Revenue 2015: -$37,739Expenses 2015: $0Net Income 2015: -$37,7392015

Highlighted filing

2015

Revenue-$37,739
Expenses$0
Net Income-$37,739
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 26, 2016
Return Version
2015v2.0
Gross Receipts
$597,461
Mission and Program Overview

Mission

To support promesa behavioral health program services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$550,335$0▼ $550,335
Cash and Non-Interest-Bearing Accounts$1,764$0▼ $1,764
Savings and Temporary Cash Investments-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$552,099$0▼ $552,099
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$442,100--
Other Liabilities$101,902--
Accounts Payable and Accrued Expenses$171--
Total Liabilities$544,173$0▼ $544,173
Net Assets / Fund Balance
Unrestricted Net Assets$7,926--
Total Net Assets Fund Balance$7,926$0▼ $7,926
Total Liabilities and Net Assets / Fund Balance$552,099$0▼ $552,099

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$83,895$32,630$116,525
Leasehold Improvements$-83,895$-32,630$-116,525
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Michael Der Manouel SrPresident
Eric L HodgeDirector
Nida Guzon-palmoreDirector
Patricia BrownsDirector
Patrick MurphyDirector
Fred OlmsteadSec/trea
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$24
Other Revenue
$-37,763
Change in Net Assets
$-37,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

“The form 990 is prepared by the organization's independent accountant from information provided by management. The completed form 990 is presented to management for review and approval prior to being filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The board of directors all sign a conflict of interest policy on an annual basis to remind each member of the board of their responsibility. If any conflict of interest issues arise, they are to be addressed during the next scheduled board meeting, with a course of action to be decided by the board and implemented immediately. In the instances disclosed on schedule l, the applicable director excuses himself from the board discussion and abstains from voting on the transaction.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The chief executive officer's compensation is established and approved by the board of directors.”

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

“All governing documents, conflict of interest policy, and financials statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Promesa Properties Inc
EIN
38-3782632
Phone
5594395437
Address
7120 N MARKS AVE, FRESNO, CA 93711

Signing Officer

Name
Lisa Weigant
Title
CEO
Signed
2016-10-26
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Price Paige and Company
Address
677 Scott Avenue, Clovis, CA 93612
Preparer
Fausto Hinojosa CPA CFE
Phone
5592999540
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Dissolvement of PPI = $29813”

Financial Statement Notes

Part X : FIN48 Footnote

“Promesa Behavioral Health and Promesa Properties, Inc. are tax-exempt corporations under section 501(c)(3) and 501(c)(2), respectively, of the Internal Revenue Code and section 23701(d) of the Revenue and Taxation code.Generally accepted accounting principles provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax position and believes that all positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Promesa files exempt organization information returns in the U.S. Federal and California state jurisdictions. PPI is also subject to taxation on any unrelated business income. Presently, PPI has net operating loss carryforwards for both federal and state purposes. However, management does not believe these losses will be realized and, accordingly, any deferred tax assets have been ofset by a valuation allowance account in the same amount. Promesa and PPIs returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Promesa Behavioral Health and Promesa Properties, Inc. are tax-exempt corporations under section 501(c)(3) and 501(c)(2), respectively, of the Internal Revenue Code and section 23701(d) of the Revenue and Taxation code.Generally accepted accounting principles provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax position and believes that all positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Promesa files exempt organization information returns in the U.S. Federal and California state jurisdictions. PPI is also subject to taxation on any unrelated business income. Presently, PPI has net operating loss carryforwards for both federal and state purposes. However, management does not believe these losses will be realized and, accordingly, any deferred tax assets have been ofset by a valuation allowance account in the same amount. Promesa and PPIs returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT FROM INFORMATION PROVIDED BY MANAGEMENT. THE COMPLETED FORM 990 IS PRESENTED TO MANAGEMENT FOR REVIEW AND APPROVAL PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ALL SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS TO REMIND EACH MEMBER OF THE BOARD OF THEIR RESPONSIBILITY. IF ANY CONFLICT OF INTEREST ISSUES ARISE, THEY ARE TO BE ADDRESSED DURING THE NEXT SCHEDULED BOARD MEETING, WITH A COURSE OF ACTION TO BE DECIDED BY THE BOARD AND IMPLEMENTED IMMEDIATELY. IN THE INSTANCES DISCLOSED ON SCHEDULE L, THE APPLICABLE DIRECTOR EXCUSES HIMSELF FROM THE BOARD DISCUSSION AND ABSTAINS FROM VOTING ON THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Dissolvement of PPI = $29813
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0770174896
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PROMESA BEHAVIORAL HEALTH
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IRS990/TotalLiabilitiesBOYAmt0544173
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-37739
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-37763
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IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA WEIGANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROMESA PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0383782632
ReturnHeader/Filer/PhoneNum05594395437
ReturnHeader/Filer/USAddress/AddressLine1Txt07120 N MARKS AVE
ReturnHeader/Filer/USAddress/CityNm0FRESNO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Price Paige and Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0677 Scott Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clovis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093612
ReturnHeader/PreparerPersonGrp/PhoneNum05592999540
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Fausto Hinojosa CPA CFE
ReturnHeader/ReturnTs02016-10-26T15:13:02-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-$37,739
Expenses
$0
Net income
-$37,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.38$0.00$0.38
2014Summary only. Only limited summary data is available for this year.$5.52$5.44$0.08$0.23$0.00$0.23
2013Detailed filing. Detailed filing data is available for this year.$5.68$5.36$0.31$0.16$0.00$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$5.35$0.48$0.00
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$5.29$0.70$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$5.25$0.91$0.00