Civic Intelligence

Spring Park Senior Villa Inc.

990 • Fiscal year 2017 • EIN 45-4859261

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

Organization ProfileN/A
3460 S BroadwayLos Angeles, CA 90007

(323) 231-1107

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.05x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

34.62x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

2nd percentile

-147%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

20th percentile

-3.4%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-0.4%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$8,806,810

Down $313,136 (-3.4%) from 2016

Net Assets

Down

-$472,516

Down $394,594 (-506%) from 2016

Liabilities

Up

$9,279,326

Up $81,458 (+0.9%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Down

$268,055

Down $1,062 (-0.4%) from 2016

Expenses

Down

$662,649

Down $62,289 (-8.6%) from 2016

Net Income

Up

-$394,594

Up $61,227 (+13%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2015: $9,081,192Liabilities 2015: $8,703,293Net Assets 2015: $377,8992015Assets 2016: $9,119,946Liabilities 2016: $9,197,868Net Assets 2016: -$77,9222016Assets 2017: $8,806,810Liabilities 2017: $9,279,326Net Assets 2017: -$472,5162017Assets 2018: $8,471,202Liabilities 2018: $9,372,470Net Assets 2018: -$901,2682018Assets 2019: $8,191,281Liabilities 2019: $9,480,348Net Assets 2019: -$1,289,0672019Assets 2020: $7,880,528Liabilities 2020: $9,567,439Net Assets 2020: -$1,686,9112020Assets 2021: $7,536,933Liabilities 2021: $9,641,375Net Assets 2021: -$2,104,4422021Assets 2022: $7,182,786Liabilities 2022: $9,721,470Net Assets 2022: -$2,538,6842022Assets 2023: $6,849,238Liabilities 2023: $9,809,372Net Assets 2023: -$2,960,1342023Assets 2024: $6,508,818Liabilities 2024: $9,910,779Net Assets 2024: -$3,401,9612024Assets 2025: $6,181,389Liabilities 2025: $10,005,099Net Assets 2025: -$3,823,7102025

Highlighted filing

2017

Assets$8,806,810
Liabilities$9,279,326
Net Assets-$472,516
Open 2017 Filing

Operations Trend

Revenue Growth34th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $466,602Expenses 2015: $88,703Net Income 2015: $377,8992015Revenue 2016: $269,117Expenses 2016: $724,938Net Income 2016: -$455,8212016Revenue 2017: $268,055Expenses 2017: $662,649Net Income 2017: -$394,5942017Revenue 2018: $266,055Expenses 2018: $694,715Net Income 2018: -$428,6602018Revenue 2019: $285,321Expenses 2019: $673,120Net Income 2019: -$387,7992019Revenue 2020: $294,940Expenses 2020: $692,320Net Income 2020: -$397,3802020Revenue 2021: $297,445Expenses 2021: $714,976Net Income 2021: -$417,5312021Revenue 2022: $305,538Expenses 2022: $739,780Net Income 2022: -$434,2422022Revenue 2023: $304,447Expenses 2023: $725,897Net Income 2023: -$421,4502023Revenue 2024: $297,578Expenses 2024: $739,405Net Income 2024: -$441,8272024Revenue 2025: $411,420Expenses 2025: $833,169Net Income 2025: -$421,7492025

Highlighted filing

2017

Revenue$268,055
Expenses$662,649
Net Income-$394,594
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$268,055
Mission and Program Overview

Mission

To provide housing facilities for low income families and elderly persons.

Spring park senior villa, inc provides low income families and elderly persons with housing facilities and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,024,435$8,681,253▼ $343,182
Savings and Temporary Cash Investments$75,960$100,481▲ $24,521
Cash and Non-Interest-Bearing Accounts$18,230$22,863▲ $4,633
Accounts Receivable$162$1,133▲ $971
Prepaid Expenses and Deferred Charges$1,159$1,080▼ $79
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-77,922$-472,516▼ $394,594
Total Assets$9,119,946$8,806,810▼ $313,136
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,913,415$8,913,415→ $0
Other Liabilities$251,710$337,944▲ $86,234
Accounts Payable and Accrued Expenses$32,117$27,785▼ $4,332
Deferred Revenue$626$182▼ $444
Total Liabilities$9,197,868$9,279,326▲ $81,458
Net Assets / Fund Balance
Total Net Assets Fund Balance$-77,922$-472,516▼ $394,594
Total Liabilities and Net Assets / Fund Balance$9,119,946$8,806,810▼ $313,136

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,637,200$752,632$9,389,832
Other Land Buildings$44,053$18,678$62,731
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Ana F PoncePresident
Loretta GilletVice President
Kelly BoyerDirector
Naomi JohnsonDirector
Quaford ColemanDirector
Rev Bob GayDirector
Richard WashingtonSecretary
Edward Johnson EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$268,055
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-394,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$268,055
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$268,055
Total Revenue per Form 990
$268,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$631,484
Salaries, Compensation, and Employee Benefits$31,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$350,488--$350,488
Interest$86,223--$86,223
Insurance$30,347--$30,347
Fees for Services Management$13,986$13,986-$27,972
Other Salaries and Wages$27,314--$27,314
Fees for Services Accounting$9,112$9,112-$18,224
Office Expenses$10,581--$10,581
Other Expenses$9,178--$9,178
All Other Expenses$7,690--$7,690
Payroll Taxes$3,851--$3,851
Fees for Services Legal$375--$375
Total Functional Expenses$639,551$23,098$0$662,649

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$662,649
Total Expenses per Audited Statements$662,649
Total Expenses per Form 990$662,649
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$326,870
Tenant Security Deposits$11,074
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Major decisions require board approval.”

Form 990, Part VI, Section B, Line 11B

“Forms are explained before filing.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Spring Park Senior Villa Inc
EIN
45-4859261
Phone
3232311107
Address
3460 S BROADWAY, LOS ANGELES, CA 90007

Signing Officer

Name
Ana Ponce
Title
President
Phone
3232311107
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ana Ponce
Formed
2012
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
LODGEN LACHER ET AL CPA'S
Address
16530 VENTURA BOULEVARD SUITE 305, ENCINO, CA 91436-2006
Preparer
John E Saunders
Phone
8187830570
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is a not-for-profit organization under section 501(c)(3) of the internal revenue code and under section 23701(d) of the state of california revenueand taxation code; therefore, the organization and its separate properties are exempt from federal and state income taxes. Accordingly, no provision for income taxes is included in the financial statements.”

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt066533
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0603654
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0120
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt01003654
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0268055
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0269066
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0466533
IRS990ScheduleA/Total509Grp/TotalAmt01003654
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0268055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0269117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0466602
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01003774
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08637200
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0752632
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09389832
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0662649
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044053
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018678
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062731
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0326870
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0268055
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND UNDER SECTION 23701(D) OF THE STATE OF CALIFORNIA REVENUEAND TAXATION CODE; THEREFORE, THE ORGANIZATION AND ITS SEPARATE PROPERTIES ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08681253
IRS990ScheduleD/TotalExpensesPerForm990Amt0662649
IRS990ScheduleD/TotalLiabilityAmt0337944
IRS990ScheduleD/TotalRevenuePerForm990Amt0268055
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0268055
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0662649
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAJOR DECISIONS REQUIRE BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORMS ARE EXPLAINED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WASET INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0954354411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SPONSOR AND ASSIST IN THE ACQUISITION AND DEVELOPMENT OF LOW-INCOME HOUSING.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03460 S BROADWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090007
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09119946
IRS990/TotalAssetsEOYAmt08806810
IRS990/TotalAssetsGrp/BOYAmt09119946
IRS990/TotalAssetsGrp/EOYAmt08806810
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023098
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0639551
IRS990/TotalFunctionalExpensesGrp/TotalAmt0662649
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09197868
IRS990/TotalLiabilitiesEOYAmt09279326
IRS990/TotalLiabilitiesGrp/BOYAmt09197868
IRS990/TotalLiabilitiesGrp/EOYAmt09279326
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-77922
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-472516
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0639551
IRS990/TotalProgramServiceRevenueAmt0268055
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0268055
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0268055
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09119946
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08806810
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03460 SOUTH BROADWAY
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090007
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,806,810
Liabilities
$9,279,326
Net assets
-$472,516
Revenue
$268,055
Expenses
$662,649
Net income
-$394,594
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.18$10.0$3.82$0.41$0.83$0.42
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$9.91$3.40$0.30$0.74$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.85$9.81$2.96$0.30$0.73$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.18$9.72$2.54$0.31$0.74$0.43
2021Detailed filing. Detailed filing data is available for this year.$7.54$9.64$2.10$0.30$0.71$0.42
2020Detailed filing. Detailed filing data is available for this year.$7.88$9.57$1.69$0.29$0.69$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.19$9.48$1.29$0.29$0.67$0.39
2018Detailed filing. Detailed filing data is available for this year.$8.47$9.37$0.90$0.27$0.69$0.43
2017Detailed filing. Detailed filing data is available for this year.$8.81$9.28$0.47$0.27$0.66$0.39
2016Detailed filing. Detailed filing data is available for this year.$9.12$9.20$0.08$0.27$0.72$0.46
2015Detailed filing. Detailed filing data is available for this year.$9.08$8.70$0.38$0.47$0.09$0.38