Civic Intelligence

California Statewide Communities Development Corporation

990 • Fiscal year 2016 • EIN 45-2385626

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 13, 2017

1700 North Broadway Suite 405Walnut Creek, CA 94596

(925) 478-4912

Siviq Scores

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

Liabilities / Assets

89th percentile

0.41x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.21x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

44th percentile

-0.5%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$199,517

Down $1,059 (-0.5%) from 2015

Net Assets

Up

$118,679

Up $69,963 (+144%) from 2015

Liabilities

Down

$80,838

Down $71,022 (-47%) from 2015

Revenue

Down

$383,366

Down $1,850,693 (-83%) from 2015

Expenses

Down

$313,403

Down $1,922,532 (-86%) from 2015

Net Income

Up

$69,963

Up $71,839 (+3829%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $50,592Liabilities 2014: $0Net Assets 2014: $50,5922014Assets 2015: $200,576Liabilities 2015: $151,860Net Assets 2015: $48,7162015Assets 2016: $199,517Liabilities 2016: $80,838Net Assets 2016: $118,6792016Assets 2017: $384,743Liabilities 2017: $193,971Net Assets 2017: $190,7722017Assets 2018: $133,502Liabilities 2018: $80,215Net Assets 2018: $53,2872018Assets 2019: $118,738Liabilities 2019: $30,861Net Assets 2019: $87,8772019Assets 2020: $242,401Liabilities 2020: $116,875Net Assets 2020: $125,5262020Assets 2021: $336,873Liabilities 2021: $180,175Net Assets 2021: $156,6982021Assets 2022: $349,849Liabilities 2022: $121,868Net Assets 2022: $227,9812022Assets 2023: $552,611Liabilities 2023: $168,153Net Assets 2023: $384,4582023Assets 2024: $557,547Liabilities 2024: $74,919Net Assets 2024: $482,6282024Assets 2025: $497,227Liabilities 2025: $87,498Net Assets 2025: $409,7292025

Highlighted filing

2016

Assets$199,517
Liabilities$80,838
Net Assets$118,679

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,909,041Expenses 2014: $1,858,449Net Income 2014: $50,5922014Revenue 2015: $2,234,059Expenses 2015: $2,235,935Net Income 2015: -$1,8762015Revenue 2016: $383,366Expenses 2016: $313,403Net Income 2016: $69,9632016Revenue 2017: $383,731Expenses 2017: $311,638Net Income 2017: $72,0932017Revenue 2018: $4,040,310Expenses 2018: $4,177,795Net Income 2018: -$137,4852018Revenue 2019: $660,755Expenses 2019: $626,165Net Income 2019: $34,5902019Revenue 2020: $658,961Expenses 2020: $621,312Net Income 2020: $37,6492020Revenue 2021: $605,133Expenses 2021: $573,961Net Income 2021: $31,1722021Revenue 2022: $1,993,989Expenses 2022: $1,922,706Net Income 2022: $71,2832022Revenue 2023: $2,926,088Expenses 2023: $2,769,611Net Income 2023: $156,4772023Revenue 2024: $1,929,116Expenses 2024: $1,830,946Net Income 2024: $98,1702024Revenue 2025: $4,444,558Expenses 2025: $4,517,457Net Income 2025: -$72,8992025

Highlighted filing

2016

Revenue$383,366
Expenses$313,403
Net Income$69,963
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 13, 2017
Return Version
2015v3.0
Gross Receipts
$383,366
Mission and Program Overview

Mission

The organization's primary mission is to serve or provide investment capital for low-income communities or low-income persons by investing in subsidiary new markets tax credit allocatees that provide loans or financial services to qualified businesses in low-income communities in the organization's service area of california.

To serve or provide investment capital for low-income communities or low-income persons by investing in subsidiary new markets tax credit allocatees that provide loans of financial services to qualified businesses in low-icome communities in the organizations's service area of california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$125,068$164,293▲ $39,225
Investments Program Related$7,300$7,300→ $0
Total Assets$200,576$199,517▼ $1,059
Other Assets Total$68,208$27,924▼ $40,284
Liabilities
Accounts Payable and Accrued Expenses$151,860$76,283▼ $75,577
Deferred Revenue$0$4,555▲ $4,555
Total Liabilities$151,860$80,838▼ $71,022
Net Assets / Fund Balance
Unrestricted Net Assets$48,716$118,679▲ $69,963
Total Net Assets Fund Balance$48,716$118,679▲ $69,963
Total Liabilities and Net Assets / Fund Balance$200,576$199,517▼ $1,059

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$27,924--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan HarrisonPresident
Larry CombsVice-president
Dan MierzwaTrustee
Irwin BornsteinTrustee
Tim SnellingsTrustee
Ron HollySecretary
KEVIN O'ROURKETreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Markets Support Company LLCNmtc Consulting10 S RIVERSIDE PLAZA SUITE 1700, Chicago, IL 60606$180,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$383,328
Investment Income
$38
Other Revenue
$0
Change in Net Assets
$69,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,366
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$383,366
Total Revenue per Form 990
$383,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,403
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 Accounting$38,500--$38,500
Other Expenses$13,538--$13,538
Fees for Services Legal$9,065--$9,065
All Other Expenses$1,350--$1,350
Total Functional Expenses$313,403$0$0$313,403

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$313,403
Total Expenses per Audited Statements$313,403
Total Expenses per Form 990$313,403
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by management and approved by the board of directors. It is delivered electronically or via usps for those who have limited access to email.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public online.

Filing and Contact Details

Filer

Filer Name
California Statewide Communities
EIN
45-2385626
Phone
9254784912
Address
1700 NORTH BROADWAY SUITE 405, WALNUT CREEK, CA 94596

Signing Officer

Name
Dan Harrison
Title
Board President
Phone
9166164387
Signed
2017-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Harrison
Formed
2011
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVENUE, DOVER, OH 44622
Preparer
Frank Buss Ii
Phone
3303655400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation is a not-for-profit organization exempt from income tax under section 501(c)(4) of the internal revenue code and is exempt from similar state and local taxes. The preparation of financial statements in accordance with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and has measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY MANAGEMENT AND APPROVED BY THE BOARD OF DIRECTORS. IT IS DELIVERED ELECTRONICALLY OR VIA USPS FOR THOSE WHO HAVE LIMITED ACCESS TO EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2CHASE NMTC SWANS INVESTMENT FUND LLC
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt5RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt6RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt7RELATED
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt4PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt5PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt6PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt7PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CSCDC 1 LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1CSCDC 2 LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2CSCDC 3 LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt3CSCDC 4 LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt4CSCDC 5 LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt5CSCDC 6 LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt6CSCDC 7 LLC
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt11700 NORTH BROADWAY SUITE 405
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt21700 NORTH BROADWAY SUITE 405
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm3WALNUT CREEK
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0CA
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd2CA
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd4CA
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd694596
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd794596
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONTROLLING ENTITY (A JOINT POWERS AUTHORITY)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WALNUT CREEK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
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IRS990/SchoolOperatingInd00
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