Civic Intelligence

Terrace Gardens Inc.

990 • Fiscal year 2017 • EIN 77-0158519

Jan 01, 2017 to Dec 31, 2017 • Filed on May 22, 2018

Organization ProfileN/A
186 Beresford CourtMilpitas, CA 95035

(831) 438-5725

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

0.13x

Higher debt load relative to revenue than 35% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

45th percentile

1.6%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

33rd percentile

0.4%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.4%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$10,280,844

Up $39,436 (+0.4%) from 2016

Net Assets

Up

$10,017,282

Up $34,320 (+0.3%) from 2016

Liabilities

Up

$263,562

Up $5,116 (+2.0%) from 2016

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin45th percentile

Revenue

Up

$2,098,923

Up $88,739 (+4.4%) from 2016

Expenses

Up

$2,064,603

Up $62,406 (+3.1%) from 2016

Net Income

Up

$34,320

Up $26,333 (+330%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$15M$10M$5.0M$0Assets 2010: $10,370,611Liabilities 2010: $166,188Net Assets 2010: $10,204,4232010Assets 2011: $10,404,334Liabilities 2011: $207,094Net Assets 2011: $10,197,2402011Assets 2012: $10,419,379Liabilities 2012: $193,723Net Assets 2012: $10,225,6562012Assets 2013: $10,549,705Liabilities 2013: $327,044Net Assets 2013: $10,222,6612013Assets 2014: $10,555,436Liabilities 2014: $223,721Net Assets 2014: $10,331,7152014Assets 2015: $10,173,433Liabilities 2015: $198,458Net Assets 2015: $9,974,9752015Assets 2016: $10,241,408Liabilities 2016: $258,446Net Assets 2016: $9,982,9622016Assets 2017: $10,280,844Liabilities 2017: $263,562Net Assets 2017: $10,017,2822017Assets 2018: $10,352,869Liabilities 2018: $224,383Net Assets 2018: $10,128,4862018Assets 2019: $10,327,000Liabilities 2019: $294,685Net Assets 2019: $10,032,3152019Assets 2020: $10,393,067Liabilities 2020: $319,330Net Assets 2020: $10,073,7372020Assets 2021: $10,407,422Liabilities 2021: $326,038Net Assets 2021: $10,081,3842021Assets 2022: $10,437,260Liabilities 2022: $430,419Net Assets 2022: $10,006,8412022Assets 2023: $10,492,737Liabilities 2023: $399,492Net Assets 2023: $10,093,2452023Assets 2024: $10,637,121Liabilities 2024: $410,719Net Assets 2024: $10,226,4022024

Highlighted filing

2017

Assets$10,280,844
Liabilities$263,562
Net Assets$10,017,282
Open 2017 Filing

Operations Trend

Revenue Growth49th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,692,4392010Expenses 2011: $1,652,7082011Expenses 2012: $1,702,3282012Revenue 2013: $1,782,170Expenses 2013: $1,785,165Net Income 2013: -$2,9952013Revenue 2014: $1,920,250Expenses 2014: $1,811,196Net Income 2014: $109,0542014Revenue 2015: $1,908,765Expenses 2015: $2,265,505Net Income 2015: -$356,7402015Revenue 2016: $2,010,184Expenses 2016: $2,002,197Net Income 2016: $7,9872016Revenue 2017: $2,098,923Expenses 2017: $2,064,603Net Income 2017: $34,3202017Revenue 2018: $2,227,407Expenses 2018: $2,116,203Net Income 2018: $111,2042018Revenue 2019: $2,272,649Expenses 2019: $2,253,930Net Income 2019: $18,7192019Revenue 2020: $2,410,848Expenses 2020: $2,369,426Net Income 2020: $41,4222020Revenue 2021: $2,369,095Expenses 2021: $2,361,448Net Income 2021: $7,6472021Revenue 2022: $2,340,403Expenses 2022: $2,414,946Net Income 2022: -$74,5432022Revenue 2023: $2,607,745Expenses 2023: $2,521,341Net Income 2023: $86,4042023Revenue 2024: $2,762,890Expenses 2024: $2,629,733Net Income 2024: $133,1572024

Highlighted filing

2017

Revenue$2,098,923
Expenses$2,064,603
Net Income$34,320
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 22, 2018
Return Version
2017v2.2
Gross Receipts
$2,098,923
Mission and Program Overview

Mission

The public purposes for which this corporation is organized include the development and management of low and moderate income housing in the state of california.

The development and management of low and moderate income housing in the state of california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,400,650$8,054,799▼ $345,851
Cash and Non-Interest-Bearing Accounts$105,764$192,949▲ $87,185
Prepaid Expenses and Deferred Charges$39,116$47,818▲ $8,702
Pledges and Grants Receivable$65,972$13,200▼ $52,772
Accounts Receivable$770$10,035▲ $9,265
Savings and Temporary Cash Investments$4,706$4,716▲ $10
Total Assets$10,241,408$10,280,844▲ $39,436
Other Assets Total$1,624,430$1,957,327▲ $332,897
Liabilities
Accounts Payable and Accrued Expenses$166,611$177,192▲ $10,581
Other Liabilities$77,101$75,607▼ $1,494
Deferred Revenue$14,734$10,763▼ $3,971
Total Liabilities$258,446$263,562▲ $5,116
Net Assets / Fund Balance
Unrestricted Net Assets$9,982,165$10,016,484▲ $34,319
Temporarily Rstr Net Assets$797$798▲ $1
Total Net Assets Fund Balance$9,982,962$10,017,282▲ $34,320
Total Liabilities and Net Assets / Fund Balance$10,241,408$10,280,844▲ $39,436

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,448,464$7,985,184$14,433,648
Land$1,565,277-$1,565,277
Other Land Buildings$41,058$360,431$401,489
Other Assets Org$75,607--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Richard RuthPresident
Dolores HoveyVice President
Bob Nunez Fr 117Director
Dayna Lansaw to 617Director
Deepka LalwaniDirector
James NicholsDirector
Jil Kauffman Fr 1017Director
Thomas ValoreDirector
Steve PangelinanInterim Director
Nasir LalaniSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,465
Program Service Revenue
$2,031,922
Investment Income
$3,536
Other Revenue
$0
Change in Net Assets
$34,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,098,923
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,098,923
Total Revenue per Form 990
$2,098,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,661,296
Salaries, Compensation, and Employee Benefits$403,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$438,176--$438,176
Other Salaries and Wages$321,400--$321,400
Occupancy$228,334--$228,334
Fees for Services Management$63,123--$63,123
Office Expenses$61,379--$61,379
Other Employee Benefits$48,191--$48,191
Insurance$47,744--$47,744
Payroll Taxes$29,936--$29,936
Fees for Services Accounting$14,688$7,780-$22,468
Information Technology$6,178--$6,178
Other Expenses$5,245--$5,245
Pension Plan Contributions$3,780--$3,780
Advertising$2,367--$2,367
Conferences and Meetings$2,072--$2,072
Fees for Services Legal$1,831--$1,831
Travel$841--$841
Total Functional Expenses$2,056,823$7,780$0$2,064,603

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,064,603
Total Expenses per Audited Statements$2,064,603
Total Expenses per Form 990$2,064,603
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
Tenants Security Deposits$75,607
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 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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization used a management company to perform all management duties and under the direct supervision of the board of directors. Such management duties include hiring, firing, and supervising, planning or executing budgets or financial operations.”

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

“The management company receives a pdf copy from the 990 return preparer, reviews the return and provides a copy for approval at the board meeting.”

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

“The conflict of interest policy is reviewed annually.”

Form 990, Part VI, Section C, Line 19

“The financial statements and governing documents are available upon request.”

FROM 990, PART VI, SECTION B, LINE 14:

“The organizataion adopted the written document retention and destruction policy provided by the management company.”

Filing and Contact Details

Filer

Filer Name
Terrace Gardens Inc
EIN
77-0158519
Phone
8314385725
Address
186 BERESFORD COURT, MILPITAS, CA 95035

Signing Officer

Name
Richard Ruth
Title
President
Phone
8314385725
Signed
2018-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Ruth
Formed
1986
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Armanino Llp
Address
50 W SAN FERNANDO ST STE 500, SAN JOSE, CA 95113
Preparer
Lawrence S Kuechler
Phone
4082006400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the organization in its federal and state tax returns are more-likely-than-not to be sustained upon examination. The organization files information returns in the u.s. Federal jurisdiction and state of california. The organization's federal returns for the tax years 2014 and beyond remain subject to examination by the internal revenue service. The organization's california returns for the tax years 2013 and beyond remain subject to examination by the franchise tax board.”

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IRS990/OtherLiabilitiesGrp/BOYAmt077101
IRS990/OtherLiabilitiesGrp/EOYAmt075607
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0321400
IRS990/OtherSalariesAndWagesGrp/TotalAmt0321400
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt029936
IRS990/PayrollTaxesGrp/TotalAmt029936
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03780
IRS990/PensionPlanContributionsGrp/TotalAmt03780
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt065972
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt013200
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039116
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047818
IRS990/PrincipalOfficerNm0RICHARD RUTH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2TENANT GUEST RENT
IRS990/ProgramServiceRevenueGrp/Desc3OTHER TENANTS SERVICES
IRS990/ProgramServiceRevenueGrp/Desc4LAUNDRY & VENDING INCO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01478721
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1528362
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38217
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt47822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01478721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1528362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47822
IRS990/ProgSrvcAccomActy2Grp/Desc0FOOD SERVICES ARE PROVIDED FOR THE WELL-BEING OF THE ELDERLY TENANTS, FOR THE NUMBER OF 181 PEOPLE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0533098
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0528362
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt065972
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03251
IRS990/PYOtherExpensesAmt01625818
IRS990/PYOtherRevenueAmt04899
IRS990/PYProgramServiceRevenueAmt01936062
IRS990/PYRevenuesLessExpensesAmt07987
IRS990/PYSalariesCompEmpBnftPaidAmt0376379
IRS990/PYTotalExpensesAmt02002197
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02010184
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt034320
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01503560
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04706
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04716
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt063465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065972
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0112713
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0239232
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0161146
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0642528
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03536
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03251
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02914
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04746
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02316
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02031922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01936062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01793138
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01676272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01629957
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09067351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03251
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02914
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04746
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02316
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016763
IRS990ScheduleA/InvestmentIncomeCYPct00.00170
IRS990ScheduleA/InvestmentIncomePYPct00.00160
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04899
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04899
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99780
IRS990ScheduleA/PublicSupportPY509Pct00.99780
IRS990ScheduleA/PublicSupportTotal509Amt09709879
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02095387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02002034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01905851
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01915504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01791103
IRS990ScheduleA/Total509Grp/TotalAmt09709879
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02098923
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02010184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01908765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01920250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01793419
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09731541
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt06448464
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07985184
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014433648
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02064603
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01565277
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01565277
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01880922
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1798
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt275607
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH FOR CARILLON MAINTENANCE FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041058
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0360431
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0401489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075607
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02098923
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS FOR THE TAX YEARS 2014 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR THE TAX YEARS 2013 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08054799
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01957327
IRS990ScheduleD/TotalExpensesPerForm990Amt02064603
IRS990ScheduleD/TotalLiabilityAmt075607
IRS990ScheduleD/TotalRevenuePerForm990Amt02098923
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02098923
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02064603
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USED A MANAGEMENT COMPANY TO PERFORM ALL MANAGEMENT DUTIES AND UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. SUCH MANAGEMENT DUTIES INCLUDE HIRING, FIRING, AND SUPERVISING, PLANNING OR EXECUTING BUDGETS OR FINANCIAL OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT COMPANY RECEIVES A PDF COPY FROM THE 990 RETURN PREPARER, REVIEWS THE RETURN AND PROVIDES A COPY FOR APPROVAL AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATAION ADOPTED THE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY PROVIDED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FROM 990, PART VI, SECTION B, LINE 14:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0797
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0798
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010241408
IRS990/TotalAssetsEOYAmt010280844
IRS990/TotalAssetsGrp/BOYAmt010241408
IRS990/TotalAssetsGrp/EOYAmt010280844

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,280,844
Liabilities
$263,562
Net assets
$10,017,282
Revenue
$2,098,923
Expenses
$2,064,603
Net income
$34,320
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.41$10.2$2.76$2.63$0.13
2023Detailed filing. Detailed filing data is available for this year.$10.5$0.40$10.1$2.61$2.52$0.09
2022Detailed filing. Detailed filing data is available for this year.$10.4$0.43$10.0$2.34$2.41$0.07
2021Detailed filing. Detailed filing data is available for this year.$10.4$0.33$10.1$2.37$2.36$0.01
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.32$10.1$2.41$2.37$0.04
2019Detailed filing. Detailed filing data is available for this year.$10.3$0.29$10.0$2.27$2.25$0.02
2018Detailed filing. Detailed filing data is available for this year.$10.4$0.22$10.1$2.23$2.12$0.11
2017Detailed filing. Detailed filing data is available for this year.$10.3$0.26$10.0$2.10$2.06$0.03
2016Detailed filing. Detailed filing data is available for this year.$10.2$0.26$9.98$2.01$2.00$0.01
2015Detailed filing. Detailed filing data is available for this year.$10.2$0.20$9.97$1.91$2.27$0.36
2014Detailed filing. Detailed filing data is available for this year.$10.6$0.22$10.3$1.92$1.81$0.11
2013Detailed filing. Detailed filing data is available for this year.$10.5$0.33$10.2$1.78$1.79$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.19$10.2$1.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.21$10.2$1.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.17$10.2$1.69