Civic Intelligence

Martinez Public Improvement Corporation

EIN 68-0190739 • 501(c)4 • Martinez, CA

Profile

To provide financial assistance to the city of martinez by financing, acquiring, constructing, improving, leasing and selling property, equipment and other public improvement projects.

525 Henrietta StreetMartinez, CA 94553

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.18x

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

501(c)4 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

59.59x

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

501(c)4 • $5M-$10M nonprofits • Source year 2024

Net Margin

1st percentile

-257%

Higher net margin than 1% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Asset Growth

10th percentile

-26%

Faster asset growth than 10% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-36%

Faster revenue growth than 7% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,741,582

Up $9,268,002 (+169%) from 2020

Liabilities

Up

$11,881,639

Up $7,324,032 (+161%) from 2020

Net Assets

Up

$2,859,943

Up $1,943,970 (+212%) from 2020

Revenue

Up

$4,320,708

Up $4,300,174 (+20942%) from 2020

Expenses

Up

$2,376,738

Up $1,935,332 (+438%) from 2020

Net Income

Up

$1,943,970

Up $2,364,842 (+562%) from 2020

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $17,197,920Liabilities 2012: $12,020,526Net Assets 2012: $5,177,3942012Assets 2013: $15,879,896Liabilities 2013: $10,931,506Net Assets 2013: $4,948,3902013Assets 2014: $13,424,498Liabilities 2014: $9,807,387Net Assets 2014: $3,617,1112014Assets 2015: $10,233,843Liabilities 2015: $8,923,205Net Assets 2015: $1,310,6382015Assets 2016: $9,331,603Liabilities 2016: $8,021,166Net Assets 2016: $1,310,4372016Assets 2017: $8,397,154Liabilities 2017: $7,080,580Net Assets 2017: $1,316,5742017Assets 2018: $7,434,499Liabilities 2018: $6,118,128Net Assets 2018: $1,316,3712018Assets 2020: $5,473,580Liabilities 2020: $4,557,607Net Assets 2020: $915,9732020Assets 2021: $14,741,582Liabilities 2021: $11,881,639Net Assets 2021: $2,859,9432021

Highlighted filing

2021

Assets$14,741,582
Liabilities$11,881,639
Net Assets$2,859,943

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2012: $596,4682012Expenses 2013: $468,5542013Revenue 2014: $8,987Expenses 2014: $1,340,266Net Income 2014: -$1,331,2792014Revenue 2015: $9,321Expenses 2015: $2,315,794Net Income 2015: -$2,306,4732015Revenue 2016: $291,524Expenses 2016: $291,725Net Income 2016: -$2012016Revenue 2017: $270,776Expenses 2017: $264,639Net Income 2017: $6,1372017Revenue 2018: $239,994Expenses 2018: $240,197Net Income 2018: -$2032018Revenue 2020: $20,534Expenses 2020: $441,406Net Income 2020: -$420,8722020Revenue 2021: $4,320,708Expenses 2021: $2,376,738Net Income 2021: $1,943,9702021

Highlighted filing

2021

Revenue$4,320,708
Expenses$2,376,738
Net Income$1,943,970

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$291,524
Mission and Program Overview

Mission

To provide financial assistance to the city of martinez by financing, acquiring, constructing, improving, leasing and selling property, equipment and other public improvement projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,335,463$1,335,473▲ $10
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,233,843$9,331,603▼ $902,240
Other Assets Total$8,898,380$7,996,130▼ $902,250
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,355,000$7,500,000▼ $855,000
Deferred Revenue$543,380$496,130▼ $47,250
Accounts Payable and Accrued Expenses$24,825$25,036▲ $211
Total Liabilities$8,923,205$8,021,166▼ $902,039
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,310,638$1,310,437▼ $201
Total Net Assets Fund Balance$1,310,638$1,310,437▼ $201
Total Liabilities and Net Assets / Fund Balance$10,233,843$9,331,603▼ $902,240

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,500,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey WalterCity Attorney
Brad KilgerCity Manager
Carolyn RobinsonCity Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,725
Other Revenue
$285,799
Change in Net Assets
$-201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,725
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$238,760--$238,760
Other Expenses$5,715--$5,715
Total Functional Expenses$291,725$0$0$291,725
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-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMartinez Pic2003-03-11$7,795,000REFUND PRIOR COPs
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of the Form 990 is given to the members of the governing Board to review before submission.

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

The written conflict of interest policy is reviewed annually by the governing board for adherence and new board members are required to affirm acceptance of the policy.

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

Prior year information returns (form 990) are available for public inspection on the guidestar website located at www.guidestar.org.the organization's governing documents, policies, financial statements and information returns are available upon request.

Filing and Contact Details

Filer

Filer Name
Martinez Public Improvement Corporation
EIN
68-0190739
Phone
9253723505
Address
525 HENRIETTA STREET, MARTINEZ, CA 94553

Signing Officer

Name
Brad Kilger
Title
City Manager
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Maze & Associates
Address
3478 BUSKIRK AVE STE 215, PLEASANT HILL, CA 94523-4346
Preparer
Vikki C Rodriguez
Phone
9259300902
Raw XML Appendix351 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR YEAR INFORMATION RETURNS (FORM 990) ARE AVAILABLE FOR PUBLIC INSPECTION ON THE GUIDESTAR WEBSITE LOCATED AT WWW.GUIDESTAR.ORG.THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND INFORMATION RETURNS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010233843
IRS990/TotalAssetsEOYAmt09331603
IRS990/TotalAssetsGrp/BOYAmt010233843
IRS990/TotalAssetsGrp/EOYAmt09331603
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0291725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0291725
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08923205
IRS990/TotalLiabilitiesEOYAmt08021166
IRS990/TotalLiabilitiesGrp/BOYAmt08923205
IRS990/TotalLiabilitiesGrp/EOYAmt08021166
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01310638
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01310437
IRS990/TotalProgramServiceExpensesAmt0291725
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05725
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0285799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0291524
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010233843
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09331603
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD KILGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CITY MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARTINEZ PUBLIC IMPROVEMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MART
ReturnHeader/Filer/EIN0680190739
ReturnHeader/Filer/PhoneNum09253723505
ReturnHeader/Filer/USAddress/AddressLine1Txt0525 HENRIETTA STREET
ReturnHeader/Filer/USAddress/CityNm0MARTINEZ
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094553
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAZE & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03478 BUSKIRK AVE STE 215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLEASANT HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0945234346
ReturnHeader/PreparerPersonGrp/PhoneNum09259300902
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VIKKI C RODRIGUEZ
ReturnHeader/ReturnTs02017-05-11T17:07:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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