Civic Intelligence

Courage to Change Transitional Housing Plus Inc

990 • Fiscal year 2020 • EIN 47-5651610

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 25, 2021

PO Box 1041Exeter, CA 93221

(559) 594-8686

Siviq Scores

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

Liabilities / Assets

70th percentile

0.21x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.08x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

29th percentile

-4.7%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$183,233

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 27.8% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

47th percentile

4.9%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

36%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$269,347

Up $12,698 (+4.9%) from 2019

Net Assets

Down

$213,486

Down $31,099 (-13%) from 2019

Liabilities

Up

$55,861

Up $43,797 (+363%) from 2019

Revenue

Up

$660,224

Up $173,778 (+36%) from 2019

Expenses

Up

$691,323

Up $206,326 (+43%) from 2019

Net Income

Down

-$31,099

Down $32,548 (-2246%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $0Net Assets 2015: $02015Assets 2016: $42,276Liabilities 2016: $1,091Net Assets 2016: $41,1852016Assets 2017: $156,972Liabilities 2017: $9,163Net Assets 2017: $147,8092017Assets 2018: $254,769Liabilities 2018: $11,633Net Assets 2018: $243,1362018Assets 2019: $256,649Liabilities 2019: $12,064Net Assets 2019: $244,5852019Assets 2020: $269,347Liabilities 2020: $55,861Net Assets 2020: $213,4862020Assets 2021: $461,600Liabilities 2021: $62,567Net Assets 2021: $399,0332021Assets 2022: $552,023Liabilities 2022: $58,711Net Assets 2022: $493,3122022Assets 2023: $770,665Liabilities 2023: $32,663Net Assets 2023: $738,0022023Assets 2024: $1,911,429Liabilities 2024: $392,948Net Assets 2024: $1,518,4812024

Highlighted filing

2020

Assets$269,347
Liabilities$55,861
Net Assets$213,486

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $02015Revenue 2016: $117,316Expenses 2016: $76,131Net Income 2016: $41,1852016Revenue 2017: $440,430Expenses 2017: $333,806Net Income 2017: $106,6242017Revenue 2018: $519,053Expenses 2018: $423,726Net Income 2018: $95,3272018Revenue 2019: $486,446Expenses 2019: $484,997Net Income 2019: $1,4492019Revenue 2020: $660,224Expenses 2020: $691,323Net Income 2020: -$31,0992020Revenue 2021: $1,519,966Expenses 2021: $1,334,419Net Income 2021: $185,5472021Revenue 2022: $1,515,665Expenses 2022: $1,421,386Net Income 2022: $94,2792022Revenue 2023: $1,593,930Expenses 2023: $1,349,240Net Income 2023: $244,6902023Revenue 2024: $3,254,032Expenses 2024: $2,473,553Net Income 2024: $780,4792024

Highlighted filing

2020

Revenue$660,224
Expenses$691,323
Net Income-$31,099
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 25, 2021
Return Version
2020v4.0
Gross Receipts
$660,224
Mission and Program Overview

Mission

To operate a transitional housing program for dependent minors leaving the foster care system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$209,599$143,908▼ $65,691
Accounts Receivable$47,050$91,239▲ $44,189
Land, Buildings, and Equipment, Net-$34,200-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$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$256,649$269,347▲ $12,698
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$35,846-
Accounts Payable and Accrued Expenses$12,064$20,015▲ $7,951
Total Liabilities$12,064$55,861▲ $43,797
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$244,585$213,486▼ $31,099
Total Net Assets Fund Balance$244,585$213,486▼ $31,099
Total Liabilities and Net Assets / Fund Balance$256,649$269,347▲ $12,698

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,200$3,800$38,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rose ChurchillMemberFT$7,831$64,877$72,708
Brian GambiniPresidentFT$65,633$117,600$65,633
Mary Beth IronsTreasurerFT$26,429$26,488$52,917

Board Members and Trustees

NameTitle
Ashley MazeVice President
Leanor BushMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$615,099
Investment Income
$0
Other Revenue
$45,125
Change in Net Assets
$-31,099

Audited Revenue Reconciliation

Revenue per Audited Statements
$660,224
Total Revenue per Audited Statements
$660,224
Total Revenue per Form 990
$660,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$440,543
Salaries, Compensation, and Employee Benefits$250,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$147,466--$147,466
Other Salaries and Wages$106,950$20,371-$127,321
Current Officers, Directors, Trustees, and Key Employees$83,910$15,983-$99,893
Other Expenses$23,922$8,405-$32,327
Payroll Taxes$17,536$3,340-$20,876
Insurance$17,140$2,118-$19,258
All Other Expenses$16,366$1,076-$17,442
Fees for Services Accounting-$13,267-$13,267
Office Expenses$9,253--$9,253
Depreciation Depletion$3,193$607-$3,800
Other Employee Benefits$2,260$430-$2,690
Fees for Services Other$901$111-$1,012
Interest$422$105-$527
Conferences and Meetings$186$46-$232
Total Functional Expenses$622,134$69,189$0$691,323

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$691,323
Total Expenses per Audited Statements$691,323
Total Expenses per Form 990$691,323
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

Reviewed and approved at board meeting

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

ANNUAL REVIEW

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board of directors approval

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board of directors approval

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available by request on site

Filing and Contact Details

Filer

Filer Name
Courage to Change Transitional
EIN
47-5651610
Phone
5595948686
Address
PO BOX 1041, EXETER, CA 93221

Signing Officer

Name
Brian Gambini
Title
President
Signed
2021-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Gambini
Formed
2015
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
21

Preparer

Firm
M Green and Company LLP CPAS
Address
3900 W CALDWELL, VISALIA, CA 93277
Preparer
Rebecca Agredano CPA
Phone
5596273900
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Accounting principles generally accepted in the united states of america require courage to change thps management to evaluate tax positions taken by and recognize a tax liability (or asset) if courage to change thp has taken an uncertain position that more likely than not would not be sustained upon excamination by either internal revenue service or the california franchise tax board. Courage to change transitional housing plus has analyzed the tax positions taken and has concluded that as of december 31, 2019, there are no uncertain positions taken or expected to be taken that would require a recognition of a libility (or asset) or disclosure in the financial statements. Courage to change transitional housing plus is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE COURAGE TO CHANGE THPS MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF COURAGE TO CHANGE THP HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXCAMINATION BY EITHER INTERNAL REVENUE SERVICE OR THE CALIFORNIA FRANCHISE TAX BOARD. COURAGE TO CHANGE TRANSITIONAL HOUSING PLUS HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE A RECOGNITION OF A LIBILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. COURAGE TO CHANGE TRANSITIONAL HOUSING PLUS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED AND APPROVED AT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE BY REQUEST ON SITE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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