Civic Intelligence

Exito Inc.

990 • Fiscal year 2020 • EIN 56-2514122

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

Organization ProfileN/A
4117 N 17th StreetPhoenix, AZ 85016

(602) 687-1000

Siviq Scores

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

Liabilities / Assets

77th percentile

0.51x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

8.54x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

21st percentile

-8.6%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$18,000

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

22nd percentile

-2.0%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

712%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$6,258,397

Down $125,293 (-2.0%) from 2019

Net Assets

Down

$3,043,379

Down $32,473 (-1.1%) from 2019

Liabilities

Down

$3,215,018

Down $92,820 (-2.8%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin21st percentile

Revenue

Up

$376,636

Up $330,229 (+712%) from 2019

Expenses

Up

$409,109

Up $281,898 (+222%) from 2019

Net Income

Up

-$32,473

Up $48,331 (+60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,802,769Liabilities 2011: $3,693,902Net Assets 2011: $4,108,8672011Assets 2012: $7,517,849Liabilities 2012: $3,650,974Net Assets 2012: $3,866,8752012Assets 2013: $7,906,100Liabilities 2013: $4,171,144Net Assets 2013: $3,734,9562013Assets 2014: $7,712,937Liabilities 2014: $4,105,064Net Assets 2014: $3,607,8732014Assets 2015: $7,515,992Liabilities 2015: $4,043,900Net Assets 2015: $3,472,0922015Assets 2016: $6,798,662Liabilities 2016: $3,442,698Net Assets 2016: $3,355,9642016Assets 2017: $6,648,335Liabilities 2017: $3,396,714Net Assets 2017: $3,251,6212017Assets 2018: $6,509,538Liabilities 2018: $3,352,882Net Assets 2018: $3,156,6562018Assets 2019: $6,383,690Liabilities 2019: $3,307,838Net Assets 2019: $3,075,8522019Assets 2020: $6,258,397Liabilities 2020: $3,215,018Net Assets 2020: $3,043,3792020Assets 2021: $6,106,180Liabilities 2021: $3,149,521Net Assets 2021: $2,956,6592021Assets 2022: $1,472,441Liabilities 2022: $11,789Net Assets 2022: $1,460,6522022

Highlighted filing

2020

Assets$6,258,397
Liabilities$3,215,018
Net Assets$3,043,379
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $245,023Expenses 2011: $114,673Net Income 2011: $130,3502011Revenue 2012: -$2,365Expenses 2012: $239,627Net Income 2012: -$241,9922012Revenue 2013: $9,702Expenses 2013: $141,621Net Income 2013: -$131,9192013Revenue 2014: $33,458Expenses 2014: $160,541Net Income 2014: -$127,0832014Revenue 2015: $38,957Expenses 2015: $174,738Net Income 2015: -$135,7812015Revenue 2016: $44,273Expenses 2016: $160,401Net Income 2016: -$116,1282016Revenue 2017: $65,793Expenses 2017: $170,136Net Income 2017: -$104,3432017Revenue 2018: $41,103Expenses 2018: $136,068Net Income 2018: -$94,9652018Revenue 2019: $46,407Expenses 2019: $127,211Net Income 2019: -$80,8042019Revenue 2020: $376,636Expenses 2020: $409,109Net Income 2020: -$32,4732020Revenue 2021: $320,409Expenses 2021: $407,129Net Income 2021: -$86,7202021Revenue 2022: $140,845Expenses 2022: $1,636,852Net Income 2022: -$1,496,0072022

Highlighted filing

2020

Revenue$376,636
Expenses$409,109
Net Income-$32,473
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$376,636
Mission and Program Overview

Mission

Providing social services for, and promoting the behavioral health and well being of, families and individuals in the Hispanic community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,910,569$5,742,792▼ $167,777
Savings and Temporary Cash Investments-$310,895-
Cash and Non-Interest-Bearing Accounts$436,842$173,858▼ $262,984
Accounts Receivable$33,801$27,961▼ $5,840
Prepaid Expenses and Deferred Charges$2,478$2,891▲ $413
Total Assets$6,383,690$6,258,397▼ $125,293
Liabilities
Tax Exempt Bond Liabilities$0$2,477,461▲ $2,477,461
Mortgage Notes Payable Secured by Investment Property$2,980,807$832,300▼ $2,148,507
Accounts Payable and Accrued Expenses$10,644$22,417▲ $11,773
Escrow Account Liability-$5,567-
Other Liabilities$316,387$-122,727▼ $439,114
Total Liabilities$3,307,838$3,215,018▼ $92,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,075,852$3,043,379▼ $32,473
Total Net Assets Fund Balance$3,075,852$3,043,379▼ $32,473
Total Liabilities and Net Assets / Fund Balance$6,383,690$6,258,397▼ $125,293

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,073,678$1,778,024$5,851,702
Land$1,669,114-$1,669,114
Equipment$0$18,897$18,897
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleBaseTotal
Trilese DileoExecutive Director$18,000$18,000
Carlos EmmermannAsset Manager$6,000$6,000

Board Members and Trustees

NameTitle
Randy DelgadoChairman
Kurt SheppardPresident/director
Nicolas R RodriguezVice Chairman
Andrew MesquitaDirector
Art RuizDirector
Edward CelayaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$55,968
Program Service Revenue
$320,668
Investment Income
$0
Other Revenue
$0
All Other Contributions
$55,968
Change in Net Assets
$-32,473

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,636
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$376,636
Total Revenue per Form 990
$376,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$385,109
Salaries, Compensation, and Employee Benefits$24,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$167,777--$167,777
Interest$130,839--$130,839
Current Officers, Directors, Trustees, and Key Employees$16,800$7,200-$24,000
Fees for Services Accounting-$22,000-$22,000
Insurance$12,736--$12,736
Fees for Services Management$9,720--$9,720
Other Expenses$1,567$406-$1,973
Fees for Services Other$1,000--$1,000
Fees for Services Legal$243--$243
Total Functional Expenses$379,503$29,606$0$409,109

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$409,109
Total Expenses per Audited Statements$409,109
Total Expenses per Form 990$409,109
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
Bond Reserves$310,895
Bond Issuance Costs$-433,622

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authority of the City of Phoenix Arizona2013-12-19$3,100,000Refinance the 2006 series of primer paso project & finance new property

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,100,000$2,928,733$622,539$21,713

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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
Yes
Management duties delegated
No

Governance Explanations

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

“At least two of the directors must be appointed by the board of directors of valle del sol.”

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

“Although appointed by the board, any officer may be removed from office by the affimative vote of two-thirds of the full board of directors with or without cause and/or by the board of valle del sol.”

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

“The board has not delegated any of its authority to a committee.”

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

“Line 11b explanation - all members of the board are provided a copy of the form 990 to review prior to the return being signed and filed by asset manager.”

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

“All members of the board, the executive director and asset manager are asked to disclosure any conflicts of interest. Periodically, members complete a conflict-of-interest form, disclosing any conflicts. Members are to refrain from voting or participating in discussion when there is a conflict. To date, there have not been any significant conflicts of interest. This process is completed yearly.”

Form 990, Part VI, Section B, Line 15

“The compensation for the executive director and asset manager was determined in 2010 and approved by the board. The executive director's and asset manager's compensation has remained the same since 2010.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Exito Inc
EIN
56-2514122
Phone
6026871000
Address
4117 N 17TH STREET, PHOENIX, AZ 85016

Signing Officer

Name
Carlos Emmermann
Title
Asset Manager
Phone
6026871000
Signed
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trilese Dileo
Formed
2005
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Eide Bailly Llp
Address
2355 E CAMELBACK RD STE 900, PHOENIX, AZ 85016-9065
Preparer
Brenda Ann Blunt CPA Cgma
Phone
4803151040
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds deposits in trust for its residents.”

PART X, LINE 2:

“Management believes that it has appropriate support for any income tax positions taken, and, as such, does not have any uncertain income tax positions that are material to the consolidated financial statements.”

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt266113
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMERCIAL RENTAL PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0272345
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0245652
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt0-28613
IRS990/PYProgramServiceRevenueAmt075020
IRS990/PYRevenuesLessExpensesAmt0-80804
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0127211
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt046407
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-32473
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt075016
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0310895
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN ORDER TO QUALIFY AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER INTERNAL REVENUE CODE SECTION 509(A), AN ORGANIZATION "MUST BE ORGANIZED, AND AT ALL TIMES THEREAFTER OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ONE OR MORE SPECIFIED ORGANIZATIONS DESCRIBED IN SECTION 509(A)(1 OR (2)". EXITO SUPPORTS THE PROGRAMS OF VALLE DEL SOL, A 509(A)(2) ORGANIZATION. AS PROVIDED FOR UNDER TREASURY REGULATION 1.509(A)-4(D)(2)(IV), THE ORGANIZATION MEETS THIS REQUIREMENT BECAUSE THERE HAS BEEN AN HISTORIC AND CONTINUING RELATIONSHIP BETWEEN THE ORGANIZATION AND THE ORGANIZATION IT SUPPORTS, VALLE DEL SOL, INC. VALLE DEL SOL OFFERS OUTPATIENT BEHAVIORAL HEALTH TREATMENT AND SOCIAL SERVICES OF INDIVIDUALS OF ALL AGES ACROSS THE PHOENIX METRO AREA. EXITO, INC HOLDS AND MAINTAINS BUILDINGS THAT ARE USED BY VALLE DEL SOL TO PROVIDE A VARIETY OF SERVICES. THIS HISTORIC RELATIONSHIP HAS CONTINUED UNINTERRUPTED FROM 2005 TO TODAY. BECAUSE THE ORGANIZATION COULD NOT FULFILL ITS EXEMPT PURPOSE WITHOUT VALLE DEL SOL, INC, AND VALLE DEL SOL INC, COULD NOT EXPAND ITS PROGRAMS IN PHOENIX AND NEW MEXICO WITHOUT THE ORGANIZATION, IT IS CLEAR THERE ALSO IS A SUBSTANTIAL IDENTITY OF INTERESTS BETWEEN THE ORGANIZATIONS, A SECOND, AND FINAL, REQUIREMENT UNDER TREASURY REGULATION 1.509(A)-4(D)(2)(IV).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTED ORGANIZATION IS VALLE DEL SOL, A 509(A)(1) ORGANIZATION WHOSE MISSION IS TO INSPIRE POSITIVE CHANGE BY INVESTING IN HEALTH AND HUMAN SERVICES TO STRENGTHEN FAMILIES WITH TOOLS AND SKILLS FOR SELF-SUFFICENCY. VALLE DEL SOL OFFERS OUTPATIENT BEHAVIORAL HEALTH SERVICES SERVICES IN ARIZONA AND NEW MEXICO. EXITO, INC HOLDS AND MAINTAINS THE BUILDINGS THAT VALLE DEL SOL USES FOR ITS PROGRAMS, WHICH ARE SUBTANTIALLY ALL OF THE PROGRAMS OF VALLE DEL SOL, INC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2VALLE DEL SOL, INC COULD NOT EXPAND ITS PROGRAMS IN PHOENIX AND NEW MEXICO BUT FOR EXITO, INC'S INVOLVEMENT AND SUPPORT IN HOLDING AND MAINTAINING THE BUILDINGS USED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3VALLE DEL SOL APPOINTS TWO OF EXITO'S SIX-MEMBER BOARD, HAS THE RIGHT TO REMOVE ANY OFFICER AT WILL, AND OCCUPIES THE COMMERCIAL RENTAL PROPERTIES AND PROVIDES SOCIAL SERVICES FOR THE RESIDENTS OF THE RESIDENTIAL PROPERTIES REQUIRING NEARLY DAILY INTERACTION BETWEEN THE TWO ORGANIZATIONS RELATED TO ISSUES RANGING FROM REGULAR MAINTENANCE TO SIGNIFICANT REMODELING AND UPGRADE WORK. AS A RESULT, VALLE DEL SOL HAS A SIGNIFICANT AND CONTINUAL VOICE IN THE OPERATIONS OF EXITO AND EXITO MUST BE RESPONSIVE TO THE NEEDS OF VALLE DEL SOL TO CONTINUE IN OPERATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV, SECTION D, LINE 3
IRS990ScheduleA/OtherSupportSumAmt0379503
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0860251255
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt0379503
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0VALLE DEL SOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04073678
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01778024
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05851702
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018897
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018897
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0409109
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01669114
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01669114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-433622
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1310895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND ISSUANCE COSTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BOND RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0376636
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS DEPOSITS IN TRUST FOR ITS RESIDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN INCOME TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05742792
IRS990ScheduleD/TotalExpensesPerForm990Amt0409109
IRS990ScheduleD/TotalLiabilityAmt0-122727
IRS990ScheduleD/TotalRevenuePerForm990Amt0376636
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0376636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0409109
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-12-19
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0522038405
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03100000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX ARIZONA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFINANCE THE 2006 SERIES OF PRIMER PASO PROJECT & FINANCE NEW PROPERTY
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt076334
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0310895
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt021713
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt02928733
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0622539
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02013
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt03100000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT LEAST TWO OF THE DIRECTORS MUST BE APPOINTED BY THE BOARD OF DIRECTORS OF VALLE DEL SOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALTHOUGH APPOINTED BY THE BOARD, ANY OFFICER MAY BE REMOVED FROM OFFICE BY THE AFFIMATIVE VOTE OF TWO-THIRDS OF THE FULL BOARD OF DIRECTORS WITH OR WITHOUT CAUSE AND/OR BY THE BOARD OF VALLE DEL SOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD HAS NOT DELEGATED ANY OF ITS AUTHORITY TO A COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 11B EXPLANATION - ALL MEMBERS OF THE BOARD ARE PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO THE RETURN BEING SIGNED AND FILED BY ASSET MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL MEMBERS OF THE BOARD, THE EXECUTIVE DIRECTOR AND ASSET MANAGER ARE ASKED TO DISCLOSURE ANY CONFLICTS OF INTEREST. PERIODICALLY, MEMBERS COMPLETE A CONFLICT-OF-INTEREST FORM, DISCLOSING ANY CONFLICTS. MEMBERS ARE TO REFRAIN FROM VOTING OR PARTICIPATING IN DISCUSSION WHEN THERE IS A CONFLICT. TO DATE, THERE HAVE NOT BEEN ANY SIGNIFICANT CONFLICTS OF INTEREST. THIS PROCESS IS COMPLETED YEARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ASSET MANAGER WAS DETERMINED IN 2010 AND APPROVED BY THE BOARD. THE EXECUTIVE DIRECTOR'S AND ASSET MANAGER'S COMPENSATION HAS REMAINED THE SAME SINCE 2010.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,258,397
Liabilities
$3,215,018
Net assets
$3,043,379
Revenue
$376,636
Expenses
$409,109
Net income
-$32,473
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.01$1.46$0.14$1.64$1.50
2021Detailed filing. Detailed filing data is available for this year.$6.11$3.15$2.96$0.32$0.41$0.09
2020Detailed filing. Detailed filing data is available for this year.$6.26$3.22$3.04$0.38$0.41$0.03
2019Detailed filing. Detailed filing data is available for this year.$6.38$3.31$3.08$0.05$0.13$0.08
2018Detailed filing. Detailed filing data is available for this year.$6.51$3.35$3.16$0.04$0.14$0.09
2017Detailed filing. Detailed filing data is available for this year.$6.65$3.40$3.25$0.07$0.17$0.10
2016Detailed filing. Detailed filing data is available for this year.$6.80$3.44$3.36$0.04$0.16$0.12
2015Detailed filing. Detailed filing data is available for this year.$7.52$4.04$3.47$0.04$0.17$0.14
2014Summary only. Only limited summary data is available for this year.$7.71$4.11$3.61$0.03$0.16$0.13
2013Summary only. Only limited summary data is available for this year.$7.91$4.17$3.73$0.01$0.14$0.13
2012Summary only. Only limited summary data is available for this year.$7.52$3.65$3.87$0.00$0.24$0.24
2011Summary only. Only limited summary data is available for this year.$7.80$3.69$4.11$0.25$0.11$0.13