Civic Intelligence

Taylor Yard Master Association

EIN 46-1313963 • 501(c)4 • Cerritos, CA

Profile

SEE STATEMENT O

12607 Hiddencreek Way RCerritos, CA 90703

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.33x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

25.74x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

2nd percentile

-144%

Higher net margin than 2% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-7.1%

Faster asset growth than 16% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-0.9%

Faster revenue growth than 29% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$501,433

Down $225,260 (-31%) from 2023

Liabilities

Down

$20,240

Down $6,780 (-25%) from 2023

Net Assets

Down

$481,193

Down $218,480 (-31%) from 2023

Revenue

Down

$243,524

Down $25,261 (-9.4%) from 2023

Expenses

Up

$462,004

Up $262,224 (+131%) from 2023

Net Income

Down

-$218,480

Down $287,485 (-417%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2013: $10,040,823Liabilities 2013: $9,697,830Net Assets 2013: $342,9932013Assets 2014: $13,042,672Liabilities 2014: $12,596,182Net Assets 2014: $446,4902014Assets 2015: $5,974,517Liabilities 2015: $1,524Net Assets 2015: $5,972,9932015Assets 2016: $5,726,722Liabilities 2016: $5,546,621Net Assets 2016: $180,1012016Assets 2017: $5,345,295Liabilities 2017: $5,552,715Net Assets 2017: -$207,4202017Assets 2018: $5,057,485Liabilities 2018: $5,554,939Net Assets 2018: -$497,4542018Assets 2019: $4,757,343Liabilities 2019: $5,567,481Net Assets 2019: -$810,1382019Assets 2020: $4,491,658Liabilities 2020: $5,578,251Net Assets 2020: -$1,086,5932020Assets 2021: $4,172,084Liabilities 2021: $5,569,209Net Assets 2021: -$1,397,1252021Assets 2022: $654,657Liabilities 2022: $23,989Net Assets 2022: $630,6682022Assets 2023: $726,693Liabilities 2023: $27,020Net Assets 2023: $699,6732023Assets 2024: $501,433Liabilities 2024: $20,240Net Assets 2024: $481,1932024

Highlighted filing

2024

Assets$501,433
Liabilities$20,240
Net Assets$481,193

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $342,993Expenses 2013: $0Net Income 2013: $342,9932013Revenue 2014: $103,497Expenses 2014: $0Net Income 2014: $103,4972014Revenue 2015: $5,705,890Expenses 2015: $179,387Net Income 2015: $5,526,5032015Revenue 2016: $104,772Expenses 2016: $366,125Net Income 2016: -$261,3532016Revenue 2017: $139,140Expenses 2017: $526,661Net Income 2017: -$387,5212017Revenue 2018: $182,282Expenses 2018: $495,747Net Income 2018: -$313,4652018Revenue 2019: $212,344Expenses 2019: $525,028Net Income 2019: -$312,6842019Revenue 2020: $218,199Expenses 2020: $494,654Net Income 2020: -$276,4552020Revenue 2021: $216,323Expenses 2021: $526,855Net Income 2021: -$310,5322021Revenue 2022: $216,879Expenses 2022: $106,421Net Income 2022: $110,4582022Revenue 2023: $268,785Expenses 2023: $199,780Net Income 2023: $69,0052023Revenue 2024: $243,524Expenses 2024: $462,004Net Income 2024: -$218,4802024

Highlighted filing

2024

Revenue$243,524
Expenses$462,004
Net Income-$218,480

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 21, 2025
Return Version
2024v5.0
Gross Receipts
$243,524
Mission and Program Overview

Mission

To develop, operate and maintain common area improvements for the cypress park neighborhood.

The specific and primary purposes of the association are to bring about civic betterment and social improvements by providing for the preservation of the architecture and appearance of the community, and by owning, operating, and maintaining the properties for use of all residents in the entire community on certain real property located in the cypress park neighborhood of los angeles, calif.among the general purposes is to promote the common good, health, safety, and general welfare of all residents within the community. The population of the association is approximately 800. No grants are provided to others. The association owns and maintains amenities within the community. This area is available to residents and their guests in accordance with the association's governing documents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$548,473$348,767▼ $199,706
Rtn Earn Endowment Incm Other Fnds$548,473$348,767▼ $199,706
Cash and Non-Interest-Bearing Accounts$167,250$151,729▼ $15,521
Cap Stk Tr Prin Current Funds$151,200$132,426▼ $18,774
Accounts Receivable$10,970$937▼ $10,033
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$726,693$501,433▼ $225,260
Liabilities
Accounts Payable and Accrued Expenses$10,662$18,132▲ $7,470
Deferred Revenue$16,358$2,108▼ $14,250
Total Liabilities$27,020$20,240▼ $6,780
Net Assets / Fund Balance
Total Net Assets Fund Balance$699,673$481,193▼ $218,480
Total Liabilities and Net Assets / Fund Balance$726,693$501,433▼ $225,260
Compensation and Service Providers

Board Members and Trustees

NameTitle
Antonio BermudezPresident
Kimberly HartmannVice President
Kelly KinnamanSecretary
Mirna MendozaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
So Cal Tree & Landscape INCMonthly Landscape/park Enhancements939 W 223RD ST, Torrance, CA 90502$348,198
Revenue and Support

Revenue Composition

Contributions and Grants
$240,912
Program Service Revenue
$0
Investment Income
$2,544
Other Revenue
$68
Change in Net Assets
$-218,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$243,524
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$199,706
Total Revenue per Audited Statements
$443,230
Total Revenue per Form 990
$243,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$462,004
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 Management-$35,416-$35,416
All Other Expenses$15,234$6,492-$21,726
Insurance$10,995--$10,995
Other Expenses$6,230--$6,230
Fees for Services Legal-$5,258-$5,258
Fees for Services Accounting-$3,048-$3,048
Total Functional Expenses$411,790$50,214$0$462,004

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$462,004
Total Expenses per Audited Statements$462,004
Total Expenses per Form 990$462,004
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The association uses the services of the management trust to handle day to day operations of the association including collections, bill payments, homeowner assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.

Form 990, Part VI, Section A, Line 6

Upon purchase of a home within the association, each owner becomes a member of the association.

Form 990, Part VI, Section A, Line 7A

The association complies with the provisions and requirements of california civil code section 1363.03 for the election of the board of directors by the membership.

Form 990, Part VI, Section A, Line 7B

Dues increases in excess of the 20% allowed by the davis-sterling act are subject to the approval of membership. Special assessments in excess of 5% of the budget are also subject to membership approval.

Form 990, Part VI, Section A, Line 8B

There were no such committees during 2022

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

Upon preparation, the association's board of directors is provided with a copy of form 990. After reviewing the return, the board's president signs the e-file authorization allowing the cpa to transmit the return.

Form 990, Part VI, Section B, Line 12C

The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.

Form 990, Part VI, Section C, Line 19

Upon purchase of a home within the development, each owner receives a copy of the association's governing documents through escrow. Copies of the conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Taylor Yard Master Association
EIN
46-1313963
Phone
5629263372
Address
12607 HIDDENCREEK WAY R, CERRITOS, CA 90703

Signing Officer

Name
Kimberly Hartman
Title
Vice President
Phone
5629263372
Signed
2025-02-21

Organization Details

Principal Officer
Kimberly Hartmann
Formed
2012
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Owens Moskowitz and Associates Inc
Address
27792 EL LAZO, LAGUNA NIGUEL, CA 92677
Preparer
Robert a Owens CPA
Phone
9498515020
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the association and recognize a tax liability if the association has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. Management has analyzed the tax positions taken by the association and has concluded that as of december 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The association is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress. The association's management believes it is no longer subject to income tax examinations for years prior to 2020.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reserve assessments recognized in current year under fasb 606

Raw XML Appendix331 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS. THE ASSOCIATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RESERVE ASSESSMENTS RECOGNIZED IN CURRENT YEAR UNDER FASB 606
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0462004
IRS990ScheduleD/TotalRevenuePerForm990Amt0243524
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0443230
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0462004
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USES THE SERVICES OF THE MANAGEMENT TRUST TO HANDLE DAY TO DAY OPERATIONS OF THE ASSOCIATION INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON PURCHASE OF A HOME WITHIN THE ASSOCIATION, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION COMPLIES WITH THE PROVISIONS AND REQUIREMENTS OF CALIFORNIA CIVIL CODE SECTION 1363.03 FOR THE ELECTION OF THE BOARD OF DIRECTORS BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO THE APPROVAL OF MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WERE NO SUCH COMMITTEES DURING 2022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON PREPARATION, THE ASSOCIATION'S BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF FORM 990. AFTER REVIEWING THE RETURN, THE BOARD'S PRESIDENT SIGNS THE E-FILE AUTHORIZATION ALLOWING THE CPA TO TRANSMIT THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0726693
IRS990/TotalAssetsEOYAmt0501433
IRS990/TotalAssetsGrp/BOYAmt0726693
IRS990/TotalAssetsGrp/EOYAmt0501433
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0240912
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050214
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0411790
IRS990/TotalFunctionalExpensesGrp/TotalAmt0462004
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027020
IRS990/TotalLiabilitiesEOYAmt020240
IRS990/TotalLiabilitiesGrp/BOYAmt027020
IRS990/TotalLiabilitiesGrp/EOYAmt020240
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0699673
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0481193
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0411790
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02612
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0243524
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0726693
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0501433
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012607 HIDDENCREEK WAY R
IRS990/USAddress/CityNm0CERRITOS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090703
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY HARTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05629263372
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TAYLOR YARD MASTER ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O THE MANAGEMENT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0TAYL
ReturnHeader/Filer/EIN0461313963
ReturnHeader/Filer/PhoneNum05629263372
ReturnHeader/Filer/USAddress/AddressLine1Txt012607 HIDDENCREEK WAY R
ReturnHeader/Filer/USAddress/CityNm0CERRITOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090703
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330244756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OWENS MOSKOWITZ AND ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027792 EL LAZO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGUNA NIGUEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092677
ReturnHeader/PreparerPersonGrp/PhoneNum09498515020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A OWENS CPA
ReturnHeader/ReturnTs02025-02-23T19:36:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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