Civic Intelligence

Kay Mar Way Inc Co Berkley Management

990 • Fiscal year 2017 • EIN 68-0390856

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 28, 2017

1721 Eastern AvenueSacramento, CA 95864

(916) 444-9300

Siviq Scores

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

Liabilities / Assets

91st percentile

0.86x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

5.37x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

51st percentile

3.4%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$879,760

Up $29,200 (+3.4%) from 2016

Net Assets

Up

$119,323

Up $36,417 (+44%) from 2016

Liabilities

Down

$760,437

Down $7,217 (-0.9%) from 2016

Revenue

Up

$141,534

Up $13,886 (+11%) from 2016

Expenses

Up

$105,115

Up $1,978 (+1.9%) from 2016

Net Income

Up

$36,419

Up $11,908 (+49%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $837,018Liabilities 2012: $843,282Net Assets 2012: -$6,2642012Assets 2013: $839,886Liabilities 2013: $826,144Net Assets 2013: $13,7422013Assets 2014: $842,403Liabilities 2014: $813,604Net Assets 2014: $28,7992014Assets 2015: $849,641Liabilities 2015: $791,246Net Assets 2015: $58,3952015Assets 2016: $850,560Liabilities 2016: $767,654Net Assets 2016: $82,9062016Assets 2017: $879,760Liabilities 2017: $760,437Net Assets 2017: $119,3232017Assets 2018: $826,376Liabilities 2018: $714,901Net Assets 2018: $111,4752018Assets 2020: $851,675Liabilities 2020: $660,040Net Assets 2020: $191,6352020Assets 2021: $823,162Liabilities 2021: $629,660Net Assets 2021: $193,5022021Assets 2022: $824,741Liabilities 2022: $598,799Net Assets 2022: $225,9422022Assets 2023: $825,544Liabilities 2023: $566,626Net Assets 2023: $258,9182023Assets 2024: $805,239Liabilities 2024: $531,131Net Assets 2024: $274,1082024

Highlighted filing

2017

Assets$879,760
Liabilities$760,437
Net Assets$119,323

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2012: $124,602Expenses 2012: $110,453Net Income 2012: $14,1492012Expenses 2013: $113,1822013Revenue 2014: $127,836Expenses 2014: $112,779Net Income 2014: $15,0572014Revenue 2015: $129,169Expenses 2015: $99,573Net Income 2015: $29,5962015Revenue 2016: $127,648Expenses 2016: $103,137Net Income 2016: $24,5112016Revenue 2017: $141,534Expenses 2017: $105,115Net Income 2017: $36,4192017Revenue 2018: $124,243Expenses 2018: $132,091Net Income 2018: -$7,8482018Revenue 2020: $172,173Expenses 2020: $104,637Net Income 2020: $67,5362020Revenue 2021: $126,825Expenses 2021: $127,216Net Income 2021: -$3912021Revenue 2022: $127,716Expenses 2022: $95,416Net Income 2022: $32,3002022Revenue 2023: $130,115Expenses 2023: $97,292Net Income 2023: $32,8232023Revenue 2024: $127,890Expenses 2024: $112,700Net Income 2024: $15,1902024

Highlighted filing

2017

Revenue$141,534
Expenses$105,115
Net Income$36,419
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 28, 2017
Return Version
2016v3.0
Gross Receipts
$141,534
Mission and Program Overview

Mission

The purpose of the corporation is to provide low-income, public supported housing, using long term financing, from a variety of governmental sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$542,702$526,397▼ $16,305
Cash and Non-Interest-Bearing Accounts$8,078$39,319▲ $31,241
Investments Program Related$17,001$17,001→ $0
Prepaid Expenses and Deferred Charges$4,733$3,445▼ $1,288
Accounts Receivable$113$47▼ $66
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 in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$850,560$879,760▲ $29,200
Other Assets Total$277,933$293,551▲ $15,618
Liabilities
Mortgage Notes Payable Secured by Investment Property$547,561$533,565▼ $13,996
Other Liabilities$209,799$208,126▼ $1,673
Accounts Payable and Accrued Expenses$10,296$18,746▲ $8,450
Total Liabilities$767,656$760,437▼ $7,219
Net Assets / Fund Balance
Unrestricted Net Assets$82,904$119,323▲ $36,419
Total Net Assets Fund Balance$82,904$119,323▲ $36,419
Total Liabilities and Net Assets / Fund Balance$850,560$879,760▲ $29,200

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$150,179$322,950$473,129
Land$376,218-$376,218
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mollie LynchPresident
John McManusVice President
Bonnie MaddoxDirector
Diana AlbiniDirector
Michael SeymourDirector
Judy LewisSecretary
Annie McCreanyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$141,315
Investment Income
$219
Other Revenue
$0
Change in Net Assets
$36,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$141,534
Total Revenue per Audited Statements
$141,534
Total Revenue per Form 990
$141,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,115
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
Occupancy$19,375--$19,375
Fees for Services Management$18,000--$18,000
Depreciation Depletion$16,305--$16,305
Interest$13,454--$13,454
Insurance$5,006--$5,006
Fees for Services Accounting$4,735--$4,735
Office Expenses$2,238--$2,238
Other Expenses$722--$722
Total Functional Expenses$105,115$0$0$105,115

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$105,115
Total Expenses per Audited Statements$105,115
Total Expenses per Form 990$105,115
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

Other Reported Liabilities

LiabilityAmount
Deferred interest payable$208,126
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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Berkley Management, 1761 Eastern Ave., Sacramento, CA is hired as the property manager.The managers controls collections, disbursements, record keeping, and qualificationof the occupants.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The owners of mobile homes are assigned a developed homesite within the real estate. They pay a $100 membership fee on joining, and are granted full participation in the association. They have all rights common to a California public benefit not-for-profit corporation.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Regulatory agreements give members (owners) a vote at the annual meeting to select the board of directors.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

There is an annual meeting of the residents to ratify the actions of the directors. An annual budget is ratified in accordance with California law.

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

A completed copy of the 990 is sent to the directors in advance of filing, and kept in the office, and with the property manager.

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

The members are a small group where activities creating a conflict are well known.

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

All documents available from the property manager. Financials are distributed to the board monthly.

Filing and Contact Details

Filer

Filer Name
Kay Mar Way Inc
EIN
68-0390856
Phone
9164449300
Address
1721 Eastern Avenue, Sacramento, CA 95864

Signing Officer

Name
Mollie Lynch
Title
President
Signed
2017-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mollie Lynch
Formed
1996
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
33

Preparer

Firm
S M Carrothers Accountancy Corporation
Address
5901 Cousteau Court, Elk Grove, CA 95758
Preparer
Stanley Carrothers
Phone
9166841676
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

All income and expenditures are in compliance with the tax-exemption and there are no items requiring disclosure.

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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0336
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0103137
IRS990/PYProgramServiceRevenueAmt0127312
IRS990/PYRevenuesLessExpensesAmt024511
IRS990/PYTotalExpensesAmt0103137
IRS990/PYTotalRevenueAmt0127648
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036419
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0141534
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0127312
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0126497
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0127619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0132959
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0655702
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0213
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0217
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0229
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00210
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99790
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0132959
IRS990ScheduleA/Total509Grp/TotalAmt0655702
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0127836
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0656916
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0376218
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0376218
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0150179
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0322950
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0473129
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0208126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred interest payable
IRS990ScheduleD/RevenueSubtotalAmt0141534
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0All income and expenditures are in compliance with the tax-exemption and there are no items requiring disclosure.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0293551
IRS990ScheduleD/TotalExpensesPerForm990Amt0105115
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IRS990ScheduleD/TotalRevenuePerForm990Amt0141534
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Berkley Management, 1761 Eastern Ave., Sacramento, CA is hired as the property manager.The managers controls collections, disbursements, record keeping, and qualificationof the occupants.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The owners of mobile homes are assigned a developed homesite within the real estate. They pay a $100 membership fee on joining, and are granted full participation in the association. They have all rights common to a California public benefit not-for-profit corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Regulatory agreements give members (owners) a vote at the annual meeting to select the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There is an annual meeting of the residents to ratify the actions of the directors. An annual budget is ratified in accordance with California law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A completed copy of the 990 is sent to the directors in advance of filing, and kept in the office, and with the property manager.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The members are a small group where activities creating a conflict are well known.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All documents available from the property manager. Financials are distributed to the board monthly.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceExpensesAmt0105115
IRS990/TotalProgramServiceRevenueAmt0141315

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