Civic Intelligence

Crestmont Loft

990 • Fiscal year 2022 • EIN 45-2913797

Jun 01, 2021 to May 31, 2022 • Filed on Apr 17, 2023

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

67th percentile

0.19x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

55th percentile

9.3%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$91,700

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

84th percentile

36%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-5.5%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$356,319

Up $94,544 (+36%) from 2021

Net Assets

Up

$288,536

Up $108,050 (+60%) from 2021

Liabilities

Down

$67,783

Down $13,506 (-17%) from 2021

Revenue

Down

$1,166,695

Down $68,193 (-5.5%) from 2021

Expenses

Up

$1,058,645

Up $111,113 (+12%) from 2021

Net Income

Down

$108,050

Down $179,306 (-62%) from 2021

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

2022

Assets$356,319
Liabilities$67,783
Net Assets$288,536

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

2022

Revenue$1,166,695
Expenses$1,058,645
Net Income$108,050
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Apr 17, 2023
Return Version
2021v4.1
Gross Receipts
$1,166,695
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$183,288$276,638▲ $93,350
Loans From Officers Directors$30,345$67,734▲ $37,389
Receivables From Officers Etc$43,445$51,645▲ $8,200
Land, Buildings, and Equipment, Net$35,042$28,036▼ $7,006
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$261,775$356,319▲ $94,544
Other Assets Total-$0-
Liabilities
Other Liabilities$50,944$49▼ $50,895
Total Liabilities$81,289$67,783▼ $13,506
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$180,486$288,536▲ $108,050
Total Net Assets Fund Balance$180,486$288,536▲ $108,050
Total Liabilities and Net Assets / Fund Balance$261,775$356,319▲ $94,544

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$16,999$14,449$31,448
Equipment$11,037$17,294$28,331
Other Land Buildings-$4,717$4,717
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christie O'nealAdministratorFT$91,700$91,700
Dirk JohnsonCEOPT$86,900$86,900
Gina SodaroPresidentPT$14,300$14,300

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,151,940
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$14,755
Change in Net Assets
$108,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$795,354
Other Expenses$263,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$554,409--$554,409
Current Officers, Directors, Trustees, and Key Employees$178,600--$178,600
Occupancy$111,635--$111,635
Payroll Taxes$62,345--$62,345
All Other Expenses$3,960$11,448-$15,408
Fees for Services Other$14,800--$14,800
Fees for Services Accounting-$8,784-$8,784
Insurance$8,265$200-$8,465
Other Expenses$8,409--$8,409
Depreciation Depletion$7,006--$7,006
Interest-$4,610-$4,610
Travel$3,835--$3,835
Office Expenses-$2,821-$2,821
Total Functional Expenses$1,030,782$27,863$0$1,058,645
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$65,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$30,345$67,734▲ $37,389
Receivables from Officers, Directors, Trustees, and Key Employees$43,445$51,645▲ $8,200
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll$49
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 35% controlled entity
Yes
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
2023-04-17
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
45

Preparer

Firm
Brown Armstrong Accountancy Corp
Address
4200 TRUXTUN AVE STE 300, BAKERSFIELD, CA 93309
Preparer
Charlie McCarthy
Phone
6613244971
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0741813
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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/OriginalPrincipalAmt160345
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 5/31/2022, the outstanding balance due to Dirk Johnson was $30,345.In 2014, Officer Christie O'neal took a personal loan out from the organization in the amount of $26,317. In 2016, an additional $13,000 was loaned to Christie,$8,200 in 2018,$1,500 in 2019,$9,000 in 2020, and 8,200 in 2021. At the end of fiscal year ending 5/31/2022, the outstanding receivable due to the organization was $51,645.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 $65,000 for the fiscal year ended 5/31/2022.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
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IRS990/ScheduleORequiredInd0true
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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