Civic Intelligence

Stanislaus County Affordable Housing Inc

990 • Fiscal year 2018 • EIN 77-0317384

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 02, 2018

1207 13th Street Suite 2Modesto, CA 95354

(209) 574-1155

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

8.52x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

4th percentile

-66%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$99,104

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

14th percentile

-7.7%

Faster asset growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$7,837,898

Down $654,886 (-7.7%) from 2017

Net Assets

Down

$11,066

Down $608,567 (-98%) from 2017

Liabilities

Down

$7,826,832

Down $46,319 (-0.6%) from 2017

Revenue

Down

$919,168

Down $483,729 (-34%) from 2017

Expenses

Up

$1,527,735

Up $214,998 (+16%) from 2017

Net Income

Down

-$608,567

Down $698,727 (-775%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $5,531,226Liabilities 2011: $5,542,267Net Assets 2011: -$11,0412011Assets 2012: $4,853,630Liabilities 2012: $5,145,503Net Assets 2012: -$291,8732012Assets 2013: $5,623,170Liabilities 2013: $5,279,329Net Assets 2013: $343,8412013Assets 2014: $8,075,242Liabilities 2014: $7,229,042Net Assets 2014: $846,2002014Assets 2015: $7,879,611Liabilities 2015: $6,970,690Net Assets 2015: $908,9212015Assets 2016: $7,995,332Liabilities 2016: $7,465,859Net Assets 2016: $529,4732016Assets 2017: $8,492,784Liabilities 2017: $7,873,151Net Assets 2017: $619,6332017Assets 2018: $7,837,898Liabilities 2018: $7,826,832Net Assets 2018: $11,0662018Assets 2019: $8,649,147Liabilities 2019: $8,237,693Net Assets 2019: $411,4542019Assets 2020: $9,245,380Liabilities 2020: $8,859,863Net Assets 2020: $385,5172020Assets 2021: $9,518,980Liabilities 2021: $8,998,469Net Assets 2021: $520,5112021Assets 2022: $9,446,028Liabilities 2022: $9,134,646Net Assets 2022: $311,3822022Assets 2023: $9,827,254Liabilities 2023: $9,353,998Net Assets 2023: $473,2562023Assets 2024: $13,228,302Liabilities 2024: $11,658,085Net Assets 2024: $1,570,2172024Assets 2025: $12,333,493Liabilities 2025: $11,119,164Net Assets 2025: $1,214,3292025

Highlighted filing

2018

Assets$7,837,898
Liabilities$7,826,832
Net Assets$11,066

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $677,189Expenses 2011: $826,616Net Income 2011: -$149,4272011Expenses 2012: $778,1392012Expenses 2013: $920,1942013Revenue 2014: $1,478,442Expenses 2014: $976,083Net Income 2014: $502,3592014Revenue 2015: $1,376,307Expenses 2015: $1,313,586Net Income 2015: $62,7212015Revenue 2016: $963,797Expenses 2016: $1,343,245Net Income 2016: -$379,4482016Revenue 2017: $1,402,897Expenses 2017: $1,312,737Net Income 2017: $90,1602017Revenue 2018: $919,168Expenses 2018: $1,527,735Net Income 2018: -$608,5672018Revenue 2019: $1,895,140Expenses 2019: $1,494,752Net Income 2019: $400,3882019Revenue 2020: $1,826,914Expenses 2020: $1,852,851Net Income 2020: -$25,9372020Revenue 2021: $2,491,779Expenses 2021: $2,356,785Net Income 2021: $134,9942021Revenue 2022: $2,478,029Expenses 2022: $2,687,158Net Income 2022: -$209,1292022Revenue 2023: $3,093,467Expenses 2023: $2,931,593Net Income 2023: $161,8742023Revenue 2024: $4,256,594Expenses 2024: $3,159,633Net Income 2024: $1,096,9612024Revenue 2025: $3,792,611Expenses 2025: $4,148,499Net Income 2025: -$355,8882025

Highlighted filing

2018

Revenue$919,168
Expenses$1,527,735
Net Income-$608,567
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$1,328,593
Mission and Program Overview

Mission

To promote the construction and development of affordable housing opportunities for residents of stanislaus county.

To promote the construction and development of affordable housing in stanislaus county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,746,976$7,069,883▼ $677,093
Cash and Non-Interest-Bearing Accounts$631,485$648,580▲ $17,095
Accounts Receivable$56,616$55,314▼ $1,302
Prepaid Expenses and Deferred Charges$14,241$14,188▼ $53
Pledges and Grants Receivable$8,616$10,458▲ $1,842
Total Assets$8,492,784$7,837,898▼ $654,886
Other Assets Total$34,850$39,475▲ $4,625
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,054,791$6,852,543▼ $202,248
Accounts Payable and Accrued Expenses$818,360$974,289▲ $155,929
Total Liabilities$7,873,151$7,826,832▼ $46,319
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,918,601$1,923,720▲ $5,119
Unrestricted Net Assets$-1,298,968$-1,912,654▼ $613,686
Total Net Assets Fund Balance$619,633$11,066▼ $608,567
Total Liabilities and Net Assets / Fund Balance$8,492,784$7,837,898▼ $654,886

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,482,012$2,560,248-
Other Land Buildings$158,344--
Land$1,415,491--
Equipment$14,036$65,385-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen MadisonExecutive DirectorFT$99,104$99,104

Board Members and Trustees

NameTitle
Tom MacdonaldPresident
Dennis WannVice President
Dave CooperiderSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$138,166
Program Service Revenue
$944,808
Investment Income
$-224,425
Other Revenue
$60,619
All Other Contributions
$7,973
Change in Net Assets
$-608,567

Audited Revenue Reconciliation

Revenue per Audited Statements
$919,168
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$66,400
Total Revenue per Audited Statements
$985,568
Total Revenue per Form 990
$919,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,283,696
Salaries, Compensation, and Employee Benefits$240,989
Grants and Similar Amounts Paid$3,050
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$324,727$3,492-$328,219
Interest$151,399$68,143-$219,542
Occupancy$111,939$13,590-$125,529
Current Officers, Directors, Trustees, and Key Employees$92,551$30,850-$123,401
Other Salaries and Wages$63,014$19,666-$82,680
All Other Expenses$72,614$-28,162-$44,452
Other Expenses$25,105$13,949-$39,054
Insurance$29,704$3,971-$33,675
Other Employee Benefits$13,907$4,515-$18,422
Payroll Taxes$12,445$4,041-$16,486
Office Expenses$1,909$7,599-$9,508
Grants to Domestic Orgs$3,050--$3,050
Travel$942$1,209-$2,151
Total Functional Expenses$1,337,709$190,026$0$1,527,735

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,594,135
Expenses per Audited Statements$1,527,735
Total Expenses per Form 990$1,527,735
Expenses Not Reported on Form 990$66,400
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board reviews and approves a copy of the tax return prior to its filing.

Form 990, Part VI, Section B, Line 15A

The executive director's compensation is reviewed annually by the board of directors.

Form 990, Part VI, Section C, Line 18

Copies of the 990 are available upon request.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Stanislaus County Affordable
EIN
77-0317384
Phone
2095741155
Address
1207 13TH STREET SUITE 2, MODESTO, CA 95354

Signing Officer

Name
Stephen D Madison
Title
Executive Director
Phone
2095741155
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen D Madison
Formed
1991
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
5
Volunteers
0

Preparer

Firm
Atherton & Associates Llp
Address
PO BOX 4339, MODESTO, CA 95352-4339
Preparer
Ronald Ehrke
Phone
2095774800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the organization's tax positions and concluded that the organization had taken no uncertain tax positions that require adjustment to the consolidated financial statements. Therefore, no provision or liability for income taxes has been included in the consolidated financial statements. With few exceptions, the organization is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for tax years ended june 30, 2014 and before.

Raw XML AppendixShowing 400 of 417 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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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt047443
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0204560
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93480
IRS990ScheduleA/PublicSupportPY170Pct00.95920
IRS990ScheduleA/PublicSupportTotal170Amt02930784
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0988253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01183486
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IRS990ScheduleA/TotalSupportAmt03135344
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02560248
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt08042260
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt066400
IRS990ScheduleD/DonatedServicesUseFcltsAmt066400
IRS990ScheduleD/EquipmentGrp/BookValueAmt014036
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065385
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt079421
IRS990ScheduleD/ExpensesNotReportedAmt066400
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR TAX YEARS ENDED JUNE 30, 2014 AND BEFORE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07069883
IRS990ScheduleD/TotalExpensesPerForm990Amt01527735
IRS990ScheduleD/TotalRevenuePerForm990Amt0919168
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0985568
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01594135
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AND APPROVES A COPY OF THE TAX RETURN PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BENNETT PLACE LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1385394
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0OPERATING AND MAINTAINING REAL OR PERSONAL PROPERTY FOR LOW INCOME PERSONS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1DEVELOPMENT AND PROVISION OF DECENT HOUSING FOR LOW AND MODERATE INCOME IND.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0139434
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt10
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt11207 13TH STREET SUITE 2
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0619633
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011066
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01337709
IRS990/TotalProgramServiceRevenueAmt0944808
IRS990/TotalReportableCompFromOrgAmt099104
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01209
IRS990/TravelGrp/ProgramServicesAmt0942
IRS990/TravelGrp/TotalAmt02151
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1298968
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1912654
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.STANCOAHC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN D MADISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02095741155
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STANISLAUS COUNTY AFFORDABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0STAN
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt063.131.236.90

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.3$11.1$1.21$3.79$4.15$0.36
2024Detailed filing. Detailed filing data is available for this year.$13.2$11.7$1.57$4.26$3.16$1.10
2023Detailed filing. Detailed filing data is available for this year.$9.83$9.35$0.47$3.09$2.93$0.16
2022Detailed filing. Detailed filing data is available for this year.$9.45$9.13$0.31$2.48$2.69$0.21
2021Detailed filing. Detailed filing data is available for this year.$9.52$9.00$0.52$2.49$2.36$0.13
2020Detailed filing. Detailed filing data is available for this year.$9.25$8.86$0.39$1.83$1.85$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.65$8.24$0.41$1.90$1.49$0.40
2018Detailed filing. Detailed filing data is available for this year.$7.84$7.83$0.01$0.92$1.53$0.61
2017Detailed filing. Detailed filing data is available for this year.$8.49$7.87$0.62$1.40$1.31$0.09
2016Detailed filing. Detailed filing data is available for this year.$8.00$7.47$0.53$0.96$1.34$0.38
2015Detailed filing. Detailed filing data is available for this year.$7.88$6.97$0.91$1.38$1.31$0.06
2014Detailed filing. Detailed filing data is available for this year.$8.08$7.23$0.85$1.48$0.98$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$5.28$0.34$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$5.15$0.29$0.78
2011Summary only. Only limited summary data is available for this year.$5.53$5.54$0.01$0.68$0.83$0.15