Civic Intelligence

Chestnut Campus Inc

EIN 47-1990359 • 501(c)3 • Oakland, CA

Profile

Mission: this organization supports bridge housing corporation (bridge). Bridge strengthens communities by developing, owning and managing high-quality, affordable homes for working families and seniors.vision:* bridge strengthens communities and creates opportunities for working families and seniors, beginning but not ending with housing.* bridge is a leader and innovator in the mission-driven business of effective production, operation and ownership of affordable and mixed-income housing.* bridge earns the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.* bridge is the go-to developer and owner for public officials, investors and communities seeking an array of housing solutions, and it delivers results.

111 Myrtle Street Suite 203Oakland, CA 94607

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.88x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

6.23x

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

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

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

4th percentile

-44%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

36th percentile

0.3%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Assets

Up

$3,778,198

Up $1,334,919 (+55%) from 2023

Liabilities

Down

$55,349

Down $1,769,336 (-97%) from 2023

Net Assets

Up

$3,722,849

Up $3,104,255 (+502%) from 2023

Revenue

Up

$3,356,666

Up $2,899,081 (+634%) from 2023

Expenses

Up

$252,411

Up $133,941 (+113%) from 2023

Net Income

Up

$3,104,255

Up $2,765,140 (+815%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $9,348,300Liabilities 2014: $9,356,217Net Assets 2014: -$7,9172014Assets 2015: $9,183,863Liabilities 2015: $9,238,602Net Assets 2015: -$54,7392015Assets 2016: $8,916,551Liabilities 2016: $9,212,438Net Assets 2016: -$295,8872016Assets 2017: $8,625,748Liabilities 2017: $9,200,482Net Assets 2017: -$574,7342017Assets 2018: $8,392,249Liabilities 2018: $9,249,591Net Assets 2018: -$857,3422018Assets 2019: $8,026,274Liabilities 2019: $9,173,451Net Assets 2019: -$1,147,1772019Assets 2020: $7,754,085Liabilities 2020: $9,199,609Net Assets 2020: -$1,445,5242020Assets 2021: $7,548,484Liabilities 2021: $9,154,244Net Assets 2021: -$1,605,7602021Assets 2022: $2,399,258Liabilities 2022: $2,119,779Net Assets 2022: $279,4792022Assets 2023: $2,443,279Liabilities 2023: $1,824,685Net Assets 2023: $618,5942023Assets 2024: $3,778,198Liabilities 2024: $55,349Net Assets 2024: $3,722,8492024

Highlighted filing

2024

Assets$3,778,198
Liabilities$55,349
Net Assets$3,722,849

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $0Expenses 2014: $7,917Net Income 2014: -$7,9172014Revenue 2015: $370,184Expenses 2015: $322,506Net Income 2015: $47,6782015Revenue 2016: $348,070Expenses 2016: $663,818Net Income 2016: -$315,7482016Revenue 2017: $336,062Expenses 2017: $614,909Net Income 2017: -$278,8472017Revenue 2018: $330,898Expenses 2018: $613,506Net Income 2018: -$282,6082018Revenue 2019: $335,561Expenses 2019: $625,396Net Income 2019: -$289,8352019Revenue 2020: $338,123Expenses 2020: $636,470Net Income 2020: -$298,3472020Revenue 2021: $167,688Expenses 2021: $327,924Net Income 2021: -$160,2362021Revenue 2022: $340,220Expenses 2022: $60,741Net Income 2022: $279,4792022Revenue 2023: $457,585Expenses 2023: $118,470Net Income 2023: $339,1152023Revenue 2024: $3,356,666Expenses 2024: $252,411Net Income 2024: $3,104,2552024

Highlighted filing

2024

Revenue$3,356,666
Expenses$252,411
Net Income$3,104,255

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 14, 2023
Return Version
2021v4.2
Gross Receipts
$340,220
Mission and Program Overview

Mission

Mission: this organization supports bridge housing corporation (bridge). Bridge strengthens communities by developing, owning and managing high-quality, affordable homes for working families and seniors.vision:* bridge strengthens communities and creates opportunities for working families and seniors, beginning but not ending with housing.* bridge is a leader and innovator in the mission-driven business of effective production, operation and ownership of affordable and mixed-income housing.* bridge earns the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.* bridge is the go-to developer and owner for public officials, investors and communities seeking an array of housing solutions, and it delivers results.

The primary purpose of the corporation is to operate and maintain an educational institution that operates charter schools; to facilitate the development of charter schools; to lease, own, manage, and maintain charter school facilities; to provide charter schoo facilities and operational and other support to charter schools; to assist philanthropists and foundations in supporting the operations and growth of charter schools; and to provide and otherwise obtain or assist in obtaining charter school financing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,384,197$2,229,758▼ $5,154,439
Cash and Non-Interest-Bearing Accounts$148,141$169,500▲ $21,359
Accounts Receivable$9,553--
Prepaid Expenses and Deferred Charges$6,593--
Total Assets$7,548,484$2,399,258▼ $5,149,226
Liabilities
Unsecured Notes Loans Payable-$1,440,264-
Other Liabilities$9,140,710$650,100▼ $8,490,610
Accounts Payable and Accrued Expenses$13,534$29,415▲ $15,881
Total Liabilities$9,154,244$2,119,779▼ $7,034,465
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,605,760$279,479▲ $1,885,239
Total Net Assets Fund Balance$-1,605,760$279,479▲ $1,885,239
Total Liabilities and Net Assets / Fund Balance$7,548,484$2,399,258▼ $5,149,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,229,758$41,401$2,271,159
Compensation and Service Providers

Board Members and Trustees

NameTitle
David CooperPresident
Gia TruongCEO
Rick LearSecretary
Jim WiggetTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,887
Program Service Revenue
$283,333
Investment Income
$0
Other Revenue
$0
All Other Contributions
$56,887
Change in Net Assets
$279,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,741
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
Depreciation Depletion-$41,401-$41,401
Interest-$18,115-$18,115
Fees for Services Accounting-$1,000-$1,000
Other Expenses-$225-$225
Total Functional Expenses$0$60,741$0$60,741
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
Intercompany Payables$650,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

In november 2021 the articles of incorporation and bylaws of chestnut campus inc. Were amended and restated as part of a change in governance agreement executed among bridge housing corporation, bridge housing ventures inc., chestnut campus, inc. And envision education, inc. The amended and restated articles of incorporation changed the entity chestnut campus inc. Primarily supports to envision education, inc. As well as added that upon dissolution or winding up all assets remaining after payments, or provision for payment, of all debts and liabilities shall be distributed to the designator (envision education, inc.). The bylaws were amended and restated to change the maximum authorized number of board members from no more than 10 to no more than 7. The designation of board members was also changed for the designator (envision education, inc.) to appoint all members of the board of directors. Lastly, the maximum 3 year term was removed from the bylaws, board members shall hold office until removed or replaced.

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

Envision education, inc. Appoints the members of the governing body.

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

Changes to the organization's bylaws can only be made with the written consent of envision education, inc.

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

There are no committees authorized to act on behalf of the board.

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

The board of the corporation and the cfo of envision education, inc. Review the tax return before filing.

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

The board is required to annually disclose conflicts of interest. Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.

Form 990, Part VI, Section C, Line 19

The organization makes records available upon request.

Filing and Contact Details

Filer

Filer Name
Chestnut Campus Inc
EIN
47-1990359
Address
111 MYRTLE STREET SUITE 203, OAKLAND, CA 94607

Signing Officer

Name
Keysha Bailey
Title
Board Chair
Phone
5104512415
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keysha Bailey
Formed
2014
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization leased facilities to envision education inc, a california public charter school.

FORM 990, PART XII, LINE 2C:

The organizaiton has a commitee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This has not changed during the current year.

Financial Statement Notes

PART X, LINE 2:

The school is a nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The school files an exempt school return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.

Raw XML AppendixShowing 400 of 419 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN NOVEMBER 2021 A CHANGE IN GOVERNANCE AGREEMENT WAS EXECUTED AMONG BRIDGE HOUSING CORPORATION, BRIDGE HOUSING VENTURES INC., CHESTNUT CAMPUS, INC. AND ENVISION EDUCATION, INC. THE ORGANIZATION SUBSTITUTED A PREVIOUSLY SUPPORTED ORGANIZATION, BRIDGE HOUSING CORPORATION, WITH ENVISION EDUCATION INC. THROUGH AMENDMENT AND RESTATEMENT OF ITS ARTICLES OF INCORPORATION AND BYLAWS. SUBSTITUTED ENTITY - BRIDGE HOUSING CORPORATION EIN NUMBER 94-2827909 NEW SUPPORTING ORGANIZATION - ENVISION EDUCATION INC. EIN NUMBER 94-3394659
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 5A
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION LEASED FACILITIES TO ENVISION EDUCATION INC, A CALIFORNIA PUBLIC CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN NOVEMBER 2021 THE ARTICLES OF INCORPORATION AND BYLAWS OF CHESTNUT CAMPUS INC. WERE AMENDED AND RESTATED AS PART OF A CHANGE IN GOVERNANCE AGREEMENT EXECUTED AMONG BRIDGE HOUSING CORPORATION, BRIDGE HOUSING VENTURES INC., CHESTNUT CAMPUS, INC. AND ENVISION EDUCATION, INC. THE AMENDED AND RESTATED ARTICLES OF INCORPORATION CHANGED THE ENTITY CHESTNUT CAMPUS INC. PRIMARILY SUPPORTS TO ENVISION EDUCATION, INC. AS WELL AS ADDED THAT UPON DISSOLUTION OR WINDING UP ALL ASSETS REMAINING AFTER PAYMENTS, OR PROVISION FOR PAYMENT, OF ALL DEBTS AND LIABILITIES SHALL BE DISTRIBUTED TO THE DESIGNATOR (ENVISION EDUCATION, INC.). THE BYLAWS WERE AMENDED AND RESTATED TO CHANGE THE MAXIMUM AUTHORIZED NUMBER OF BOARD MEMBERS FROM NO MORE THAN 10 TO NO MORE THAN 7. THE DESIGNATION OF BOARD MEMBERS WAS ALSO CHANGED FOR THE DESIGNATOR (ENVISION EDUCATION, INC.) TO APPOINT ALL MEMBERS OF THE BOARD OF DIRECTORS. LASTLY, THE MAXIMUM 3 YEAR TERM WAS REMOVED FROM THE BYLAWS, BOARD MEMBERS SHALL HOLD OFFICE UNTIL REMOVED OR REPLACED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENVISION EDUCATION, INC. APPOINTS THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES TO THE ORGANIZATION'S BYLAWS CAN ONLY BE MADE WITH THE WRITTEN CONSENT OF ENVISION EDUCATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF THE CORPORATION AND THE CFO OF ENVISION EDUCATION, INC. REVIEW THE TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD IS REQUIRED TO ANNUALLY DISCLOSE CONFLICTS OF INTEREST. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES RECORDS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZAITON HAS A COMMITEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED DURING THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 12A, I
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