Civic Intelligence

Desert College Financing Corp

EIN 46-5056625 • 501(c)4 • Indio, CA

Profile

The organization was organized for the purpose of promoting the common good and general welfare of the residents of indio, ca (the "city"), including the desert community college district (the "district") and other local government enterprises, through the rendering of financial assistance thereto. The organization will accomplish this primarily through the acquisition, leasing or selling of buildings, building improvements, etc. For the benefit of residents of the city, the district and surrounding areas.the organization acquired a certain parcel of real property and exisiting facilities situated in riverside county, california (the "facility") by lease and leased the facility back to the district. The facility is operated as a child development center by the district.

45524 Oasis StreetIndio, CA 92201

n/A

Siviq Scores

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

Liabilities / Assets

87th percentile

0.97x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

27.45x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Net Margin

85th percentile

70%

Higher net margin than 85% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

98th percentile

459%

Faster asset growth than 98% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

293%

Faster revenue growth than 97% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$105,598,531

Up $86,715,215 (+459%) from 2023

Liabilities

Up

$102,311,942

Up $84,099,792 (+462%) from 2023

Net Assets

Up

$3,286,589

Up $2,615,423 (+390%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin85th percentile

Revenue

Up

$3,727,113

Up $2,778,702 (+293%) from 2023

Expenses

Up

$1,111,690

Up $834,445 (+301%) from 2023

Net Income

Up

$2,615,423

Up $1,944,257 (+290%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

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

$150M$100M$50M$0-$50MAssets 2014: $18,927,516Liabilities 2014: $18,932,233Net Assets 2014: -$4,7172014Assets 2015: $18,646,935Liabilities 2015: $18,962,942Net Assets 2015: -$316,0072015Assets 2016: $18,333,513Liabilities 2016: $18,980,977Net Assets 2016: -$647,4642016Assets 2017: $18,031,808Liabilities 2017: $19,000,477Net Assets 2017: -$968,6692017Assets 2018: $17,720,978Liabilities 2018: $19,010,477Net Assets 2018: -$1,289,4992018Assets 2019: $17,407,028Liabilities 2019: $19,020,477Net Assets 2019: -$1,613,4492019Assets 2020: $17,096,468Liabilities 2020: $19,030,477Net Assets 2020: -$1,934,0092020Assets 2021: $16,915,962Liabilities 2021: $18,983,339Net Assets 2021: -$2,067,3772021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $18,883,316Liabilities 2023: $18,212,150Net Assets 2023: $671,1662023Assets 2024: $105,598,531Liabilities 2024: $102,311,942Net Assets 2024: $3,286,5892024

Highlighted filing

2024

Assets$105,598,531
Liabilities$102,311,942
Net Assets$3,286,589
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $3,310Expenses 2014: $8,027Net Income 2014: -$4,7172014Revenue 2015: $220,042Expenses 2015: $531,332Net Income 2015: -$311,2902015Revenue 2016: $220,000Expenses 2016: $551,457Net Income 2016: -$331,4572016Revenue 2017: $220,000Expenses 2017: $541,205Net Income 2017: -$321,2052017Revenue 2018: $220,000Expenses 2018: $540,830Net Income 2018: -$320,8302018Revenue 2019: $220,000Expenses 2019: $543,950Net Income 2019: -$323,9502019Revenue 2020: $220,000Expenses 2020: $540,560Net Income 2020: -$320,5602020Revenue 2021: $409,595Expenses 2021: $542,963Net Income 2021: -$133,3682021Revenue 2022: $19,046,952Expenses 2022: $16,979,575Net Income 2022: $2,067,3772022Revenue 2023: $948,411Expenses 2023: $277,245Net Income 2023: $671,1662023Revenue 2024: $3,727,113Expenses 2024: $1,111,690Net Income 2024: $2,615,4232024

Highlighted filing

2024

Revenue$3,727,113
Expenses$1,111,690
Net Income$2,615,423
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$105,598,531
Liabilities
$102,311,942
Net assets
$3,286,589
Revenue
$3,727,113
Expenses
$1,111,690
Net income
$2,615,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$106$102$3.29$3.73$1.11$2.62
2023Detailed filing. Detailed filing data is available for this year.$18.9$18.2$0.67$0.95$0.28$0.67
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$19.0$17.0$2.07
2021Detailed filing. Detailed filing data is available for this year.$16.9$19.0$2.07$0.41$0.54$0.13
2020Detailed filing. Detailed filing data is available for this year.$17.1$19.0$1.93$0.22$0.54$0.32
2019Detailed filing. Detailed filing data is available for this year.$17.4$19.0$1.61$0.22$0.54$0.32
2018Detailed filing. Detailed filing data is available for this year.$17.7$19.0$1.29$0.22$0.54$0.32
2017Detailed filing. Detailed filing data is available for this year.$18.0$19.0$0.97$0.22$0.54$0.32
2016Detailed filing. Detailed filing data is available for this year.$18.3$19.0$0.65$0.22$0.55$0.33
2015Detailed filing. Detailed filing data is available for this year.$18.6$19.0$0.32$0.22$0.53$0.31
2014Detailed filing. Detailed filing data is available for this year.$18.9$18.9$0.00$0.00$0.01$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,727,113
Mission and Program Overview

Mission

The organization was organized for the purpose of promoting the common good and general welfare of the residents of indio, ca (the "city"), including the desert community college district (the "district") and other local government enterprises, through the rendering of financial assistance thereto. The organization will accomplish this primarily through the acquisition, leasing or selling of buildings, building improvements, etc. For the benefit of residents of the city, the district and surrounding areas.the organization acquired a certain parcel of real property and exisiting facilities situated in riverside county, california (the "facility") by lease and leased the facility back to the district. The facility is operated as an education center by the district.

The organization was organized for the purpose of promoting the common good and general welfare of the residents of indio, ca (the "city"), including the desert community college district (the "district") and other local government enterprises, through the rendering of financial assistance thereto. The organization will accomplish this primarily through the acquisition, leasing or selling of buildings, building improvements, etc. For the benefit of residents of the city, the district and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,350,409$49,699,604▲ $32,349,195
Land, Buildings, and Equipment, Net$0$17,193,084▲ $17,193,084
Intangible Assets$577,596$2,699,251▲ $2,121,655
Accounts Receivable$0$227,114▲ $227,114
Prepaid Expenses and Deferred Charges$955,311$48,942▼ $906,369
Total Assets$18,883,316$105,598,531▲ $86,715,215
Other Assets Total$0$35,730,536▲ $35,730,536
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,200,000$85,040,000▲ $66,840,000
Other Liabilities$12,150$17,230,053▲ $17,217,903
Accounts Payable and Accrued Expenses$0$41,889▲ $41,889
Total Liabilities$18,212,150$102,311,942▲ $84,099,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$671,166$3,286,589▲ $2,615,423
Total Net Assets Fund Balance$671,166$3,286,589▲ $2,615,423
Total Liabilities and Net Assets / Fund Balance$18,883,316$105,598,531▲ $86,715,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,193,084$422,029$17,615,113
Other Assets Org$35,730,536--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bonnie Stefan EddChair
Martha Garcia EddSuperintendent/president
Bea GonzalezVice Chair
Isaac ZarcoStudent Trustee
Joel L Kinnamon EddMember
Ronald OdenMember
Ruben Ariaztlan PerezMember
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500,000
Program Service Revenue
$227,113
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,500,000
Change in Net Assets
$2,615,423

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$3,500,000Cost
Total Noncash Contributions1$3,500,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,727,113
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$694,383
Total Revenue per Audited Statements
$4,421,496
Total Revenue per Form 990
$3,727,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,111,690
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
Interest$509,056--$509,056
Depreciation Depletion$460,543--$460,543
Fees for Services Accounting$140,226--$140,226
Other Expenses$1,865--$1,865
Total Functional Expenses$1,111,690$0$0$1,111,690

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,362,887
Expenses Not Reported on Form 990$1,711,740
Total Expenses per Form 990$1,111,690
Expenses per Audited Statements$651,147
Expenses Not Reported on Financial Statements$460,543
Other Expense Adjustments$460,543
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$17,221,253
Nmtc Fees Payable$8,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 11B

“The form 990 is reviewed by the president, fiscal director and administrative services vice president. The form 990 is also included in the agenda at the meeting of directors following its preparation.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available upon request.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Martha garcia, ed.d. - 43-500 monterey ave, palm desert, ca 92260. Bonnie stefan, ed.d. - 43-500 monterey ave, palm desert, ca 92260. Bea gonzalez - 43-500 monterey ave, palm desert, ca 92260. Ruben ariaztlan perez - 43-500 monterey ave, palm desert, ca 92260. Joel l. Kinnamon, ed.d. - 43-500 monterey ave, palm desert, ca 92260. Ronald oden - 43-500 monterey ave, palm desert, ca 92260.”

Filing and Contact Details

Filer

Filer Name
Desert College Financing Corp
EIN
46-5056625
Phone
7607732513
Address
45524 OASIS STREET, INDIO, CA 92201

Signing Officer

Name
Rodrigo Garcia
Title
President
Phone
7607732513
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodrigo Garcia
Formed
2014
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
PO BOX 7833, SAN FRANCISCO, CA 94120-7833
Preparer
Roy Chou
Phone
4153568000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“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. Management 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. Federal tax authorities generally have the right to examine and audit the previous three years of tax returns filed. California tax authorities generally have the right to examine and audit the previous four years of tax returns filed. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT INCOME 694,383.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Asc 842 lease adjustment 1,648,730. Debt issuance costs - interest expense 63,010.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Amortization 38,514. Depreciation 422,029.”

Part XI, Line 2D

“Other income amounts included on line 1 but not on form 990, part viii, line 12 represent additional rental income from straight-line rent over the term of the lease for gaap purposes. These amounts were adjusted because rental income is not required to be recognized on a straight-line basis for tax purposes.”

Raw XML Appendix388 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.

Path#Value
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IRS990/MissionDesc0THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF INDIO, CA (THE "CITY"), INCLUDING THE DESERT COMMUNITY COLLEGE DISTRICT (THE "DISTRICT") AND OTHER LOCAL GOVERNMENT ENTERPRISES, THROUGH THE RENDERING OF FINANCIAL ASSISTANCE THERETO. THE ORGANIZATION WILL ACCOMPLISH THIS PRIMARILY THROUGH THE ACQUISITION, LEASING OR SELLING OF BUILDINGS, BUILDING IMPROVEMENTS, ETC. FOR THE BENEFIT OF RESIDENTS OF THE CITY, THE DISTRICT AND SURROUNDING AREAS.THE ORGANIZATION ACQUIRED A CERTAIN PARCEL OF REAL PROPERTY AND EXISITING FACILITIES SITUATED IN RIVERSIDE COUNTY, CALIFORNIA (THE "FACILITY") BY LEASE AND LEASED THE FACILITY BACK TO THE DISTRICT. THE FACILITY IS OPERATED AS AN EDUCATION CENTER BY THE DISTRICT.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt085040000
IRS990/NetAssetsOrFundBalancesBOYAmt0671166
IRS990/NetAssetsOrFundBalancesEOYAmt03286589
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0671166
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03286589
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03500000
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt035730536
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/ProgramServicesAmt01865
IRS990/OtherExpensesGrp/TotalAmt01865
IRS990/OtherLiabilitiesGrp/BOYAmt012150
IRS990/OtherLiabilitiesGrp/EOYAmt017230053
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0955311
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt048942
IRS990/PrincipalOfficerNm0RODRIGO GARCIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0227113
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0227113
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0948411
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0277245
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0671166
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0277245
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0948411
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02615423
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0227113
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt03500000
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0330535430
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt03500000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DESERT COMMUNITY COLLEGE DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt017193084
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0422029
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017615113
IRS990ScheduleD/ExpensesNotReportedAmt01711740
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0460543
IRS990ScheduleD/ExpensesSubtotalAmt0651147
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt035730536
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP - 2ND CLOSE
IRS990ScheduleD/OtherExpensesIncludedAmt01711740
IRS990ScheduleD/OtherExpensesNotIncludedAmt0460543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017221253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NMTC FEES PAYABLE
IRS990ScheduleD/OtherRevenueAmt0694383
IRS990ScheduleD/RevenueNotReportedAmt0694383
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03727113
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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. MANAGEMENT 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. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS FOUR YEARS OF TAX RETURNS FILED. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT INCOME 694,383.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ASC 842 LEASE ADJUSTMENT 1,648,730. DEBT ISSUANCE COSTS - INTEREST EXPENSE 63,010.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3AMORTIZATION 38,514. DEPRECIATION 422,029.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4OTHER INCOME AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 REPRESENT ADDITIONAL RENTAL INCOME FROM STRAIGHT-LINE RENT OVER THE TERM OF THE LEASE FOR GAAP PURPOSES. THESE AMOUNTS WERE ADJUSTED BECAUSE RENTAL INCOME IS NOT REQUIRED TO BE RECOGNIZED ON A STRAIGHT-LINE BASIS FOR TAX PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017193084
IRS990ScheduleD/TotalBookValueOtherAssetsAmt035730536
IRS990ScheduleD/TotalExpensesPerForm990Amt01111690
IRS990ScheduleD/TotalLiabilityAmt017230053
IRS990ScheduleD/TotalRevenuePerForm990Amt03727113
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04421496
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02362887
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PREINCURRED COSTS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt03500000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT, FISCAL DIRECTOR AND ADMINISTRATIVE SERVICES VICE PRESIDENT. THE FORM 990 IS ALSO INCLUDED IN THE AGENDA AT THE MEETING OF DIRECTORS FOLLOWING ITS PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MARTHA GARCIA, ED.D. - 43-500 MONTEREY AVE, PALM DESERT, CA 92260. BONNIE STEFAN, ED.D. - 43-500 MONTEREY AVE, PALM DESERT, CA 92260. BEA GONZALEZ - 43-500 MONTEREY AVE, PALM DESERT, CA 92260. RUBEN ARIAZTLAN PEREZ - 43-500 MONTEREY AVE, PALM DESERT, CA 92260. JOEL L. KINNAMON, ED.D. - 43-500 MONTEREY AVE, PALM DESERT, CA 92260. RONALD ODEN - 43-500 MONTEREY AVE, PALM DESERT, CA 92260.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018883316
IRS990/TotalAssetsEOYAmt0105598531
IRS990/TotalAssetsGrp/BOYAmt018883316
IRS990/TotalAssetsGrp/EOYAmt0105598531
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03500000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01111690
IRS990/TotalFunctionalExpensesGrp/TotalAmt01111690
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018212150
IRS990/TotalLiabilitiesEOYAmt0102311942
IRS990/TotalLiabilitiesGrp/BOYAmt018212150
IRS990/TotalLiabilitiesGrp/EOYAmt0102311942
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0671166
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03286589
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01111690
IRS990/TotalProgramServiceRevenueAmt0227113
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0227113
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03727113
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018883316
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0105598531
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt043-500 MONTEREY AVE
IRS990/USAddress/CityNm0PALM DESERT
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092260
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RODRIGO GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07607732513
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DESERT COLLEGE FINANCING CORP
ReturnHeader/Filer/BusinessNameControlTxt0DESE
ReturnHeader/Filer/EIN0465056625
ReturnHeader/Filer/PhoneNum07607732513
ReturnHeader/Filer/USAddress/AddressLine1Txt045524 OASIS STREET
ReturnHeader/Filer/USAddress/CityNm0INDIO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 7833
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0941207833
ReturnHeader/PreparerPersonGrp/PhoneNum04153568000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROY CHOU
ReturnHeader/ReturnTs02025-05-15T19:09:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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