Civic Intelligence

Crestmont Loft

990 • Fiscal year 2019 • EIN 45-2913797

Jun 01, 2018 to May 31, 2019 • Filed on Jul 08, 2020

1714 Crestmont DriveBakersfield, CA 93306

(661) 333-4096

Siviq Scores

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

Liabilities / Assets

81st percentile

0.35x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.04x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

36th percentile

-1.1%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

83rd percentile

$85,905

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

16th percentile

-9.8%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$86,172

Down $9,355 (-9.8%) from 2018

Net Assets

Down

$55,827

Down $9,355 (-14%) from 2018

Liabilities

Flat

$30,345

Flat from 2018

Revenue

Up

$825,616

Up $84,003 (+11%) from 2018

Expenses

Up

$834,971

Up $132,666 (+19%) from 2018

Net Income

Down

-$9,355

Down $48,663 (-124%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2013: $24,256Liabilities 2013: $72,3282013Assets 2014: $50,456Liabilities 2014: $37,028Net Assets 2014: $13,4282014Assets 2015: $45,981Liabilities 2015: $30,344Net Assets 2015: $15,6372015Assets 2016: $36,339Liabilities 2016: $30,344Net Assets 2016: $5,9952016Assets 2017: $59,998Liabilities 2017: $34,124Net Assets 2017: $25,8742017Assets 2018: $95,527Liabilities 2018: $30,345Net Assets 2018: $65,1822018Assets 2019: $86,172Liabilities 2019: $30,345Net Assets 2019: $55,8272019Assets 2020: $103,902Liabilities 2020: $210,772Net Assets 2020: -$106,8702020Assets 2021: $261,775Liabilities 2021: $81,289Net Assets 2021: $180,4862021Assets 2022: $356,319Liabilities 2022: $67,783Net Assets 2022: $288,5362022Assets 2023: $364,812Liabilities 2023: $67,892Net Assets 2023: $296,9202023Assets 2024: $501,157Liabilities 2024: $52,974Net Assets 2024: $448,1832024Assets 2025: $391,089Liabilities 2025: $30,344Net Assets 2025: $360,7452025

Highlighted filing

2019

Assets$86,172
Liabilities$30,345
Net Assets$55,827

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $148,070Expenses 2013: $196,142Net Income 2013: -$48,0722013Revenue 2014: $433,998Expenses 2014: $372,498Net Income 2014: $61,5002014Revenue 2015: $454,124Expenses 2015: $451,915Net Income 2015: $2,2092015Revenue 2016: $536,923Expenses 2016: $546,565Net Income 2016: -$9,6422016Revenue 2017: $783,952Expenses 2017: $764,073Net Income 2017: $19,8792017Revenue 2018: $741,613Expenses 2018: $702,305Net Income 2018: $39,3082018Revenue 2019: $825,616Expenses 2019: $834,971Net Income 2019: -$9,3552019Revenue 2020: $801,299Expenses 2020: $963,996Net Income 2020: -$162,6972020Revenue 2021: $1,234,888Expenses 2021: $947,532Net Income 2021: $287,3562021Revenue 2022: $1,166,695Expenses 2022: $1,058,645Net Income 2022: $108,0502022Revenue 2023: $1,336,161Expenses 2023: $1,327,777Net Income 2023: $8,3842023Revenue 2024: $1,621,064Expenses 2024: $1,469,801Net Income 2024: $151,2632024Revenue 2025: $1,349,129Expenses 2025: $1,436,567Net Income 2025: -$87,4382025

Highlighted filing

2019

Revenue$825,616
Expenses$834,971
Net Income-$9,355
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jul 8, 2020
Return Version
2018v3.1
Gross Receipts
$825,616
Mission and Program Overview

Mission

Crestmont loft is a non profit organization committed to improving the quality of life of individuals with intellectual delay, through community integration and acquisition of maximum independence and self sufficiency by providing an encouraging environment while promoting individuality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,475$35,510▼ $13,965
Receivables From Officers Etc$24,745$32,945▲ $8,200
Loans From Officers Directors$30,345$30,345→ $0
Land, Buildings, and Equipment, Net$21,307$17,717▼ $3,590
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-
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$95,527$86,172▼ $9,355
Other Assets Total-$0-
Liabilities
Total Liabilities$30,345$30,345→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$65,182$55,827▼ $9,355
Total Net Assets Fund Balance$65,182$55,827▼ $9,355
Total Liabilities and Net Assets / Fund Balance$95,527$86,172▼ $9,355

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,303$8,495$20,798
Equipment$2,992$5,839$8,831
Other Land Buildings$2,422$2,295$4,717
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christie O'nealAdministratorFT$85,905$85,905
Dirk JohnsonCEOPT$81,105$81,105
Gina SodaroPresidentPT$7,664$7,664

Board Members and Trustees

NameTitle
Courtney MillerPresident
Victoria HillCFO
Julie O'NealSecretary
Laura CostaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$814,042
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$11,574
Change in Net Assets
$-9,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$557,196
Other Expenses$277,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$334,234--$334,234
Current Officers, Directors, Trustees, and Key Employees$174,674--$174,674
Occupancy$101,668--$101,668
Payroll Taxes$48,288--$48,288
Fees for Services Other$45,301--$45,301
Insurance$42,315$225-$42,540
Travel$6,751--$6,751
All Other Expenses$1,383$4,264-$5,647
Fees for Services Accounting-$3,600-$3,600
Depreciation Depletion$3,590--$3,590
Office Expenses-$1,781-$1,781
Other Expenses$1,461$22,499-$1,461
Interest-$217-$217
Advertising$15--$15
Total Functional Expenses$802,385$32,586$0$834,971
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
Christie O'nealOfficerRentsNo$60,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$24,745$32,945▲ $8,200
Loans from Officers, Directors, Trustees, and Key Employees$30,345$30,345→ $0
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
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

No review was or will be conducted.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Available upon request.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Crestmont Loft
EIN
45-2913797
Phone
6613334096
Address
1714 Crestmont Drive, Bakersfield, CA 93306

Signing Officer

Name
Christie O'neal
Title
Administrator
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
30

Preparer

Firm
Brown Armstrong Accountancy Corp
Address
4200 TRUXTUN AVE STE 300, BAKERSFIELD, CA 93309-0668
Preparer
Clint W Baird
Phone
6613244971
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Gina Sodaro
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Christie O'neal
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Officer
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CHRISTIE O'NEAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1DIRK JOHNSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0In 2013 the organization borrowed funds to pay for start up costs from officers Dirk Johnson and Christie O'neal in the amount of $72,328. At the end of fiscal year ending 5/31/2019, the outstanding balance due to Dirk Johnson was $30,345.In 2014, Officer Christie O'neal took personal loan out from the organization in the amount of $26,317. In 2016, an additional $13,000 was loaned to Christie, and another $8,200 in 2018. At the end of fiscal year ending 5/31/2019, the outstanding receivable due to the organization was $32,945.Crestmont Loft rents its housing facility from Christie O'neal, an officer of the organization. Rents were paid to Christie O'neal in the amount of $60,000 for the fiscal year ended 5/31/2019.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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