Civic Intelligence

Magnolia Tree Apartments Inc.

990 • Fiscal year 2014 • EIN 77-0395004

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 15, 2014

Organization Profile
1572 N Main Street92867

(714) 282-2520

Siviq Scores

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

Liabilities / Assets

98th percentile

2.02x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

12.86x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

9th percentile

-30%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

26th percentile

-4.2%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

54th percentile

6.2%

Faster revenue growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets98th percentile

Assets

Flat

$940,089

Flat from 2014

Net Assets

Flat

-$959,573

Flat from 2014

Liabilities

Flat

$1,899,662

Flat from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin9th percentile

Revenue

Flat

$147,723

Flat from 2014

Expenses

Flat

$191,375

Flat from 2014

Net Income

Flat

-$43,652

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,116,861Liabilities 2010: $1,895,902Net Assets 2010: -$779,0412010Assets 2011: $1,076,098Liabilities 2011: $1,895,158Net Assets 2011: -$819,0602011Assets 2012: $1,037,021Liabilities 2012: $1,897,237Net Assets 2012: -$860,2162012Assets 2013: $981,322Liabilities 2013: $1,897,027Net Assets 2013: -$915,7052013Assets 2014: $940,089Liabilities 2014: $1,899,662Net Assets 2014: -$959,5732014Assets 2014: $940,089Liabilities 2014: $1,899,662Net Assets 2014: -$959,5732014Assets 2015: $885,863Liabilities 2015: $1,903,125Net Assets 2015: -$1,017,2622015Assets 2016: $819,097Liabilities 2016: $1,895,038Net Assets 2016: -$1,075,9412016Assets 2017: $772,650Liabilities 2017: $1,894,648Net Assets 2017: -$1,121,9982017Assets 2018: $724,891Liabilities 2018: $1,897,430Net Assets 2018: -$1,172,5392018Assets 2019: $654,306Liabilities 2019: $1,901,452Net Assets 2019: -$1,247,1462019Assets 2020: $608,372Liabilities 2020: $1,894,659Net Assets 2020: -$1,286,2872020Assets 2021: $532,970Liabilities 2021: $1,900,699Net Assets 2021: -$1,367,7292021Assets 2022: $473,130Liabilities 2022: $1,917,161Net Assets 2022: -$1,444,0312022Assets 2023: $412,053Liabilities 2023: $1,895,063Net Assets 2023: -$1,483,0102023Assets 2024: $365,446Liabilities 2024: $1,907,691Net Assets 2024: -$1,542,2452024Assets 2025: $343,435Liabilities 2025: $1,906,417Net Assets 2025: -$1,562,9822025

Highlighted filing

2014

Assets$940,089
Liabilities$1,899,662
Net Assets-$959,573
Open 2014 Filing

Operations Trend

Revenue Growth54th percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $129,782Expenses 2010: $169,289Net Income 2010: -$39,5072010Expenses 2011: $169,7502011Revenue 2012: $130,914Expenses 2012: $171,988Net Income 2012: -$41,0742012Expenses 2013: $184,8692013Revenue 2014: $147,723Expenses 2014: $191,375Net Income 2014: -$43,6522014Revenue 2014: $147,723Expenses 2014: $191,375Net Income 2014: -$43,6522014Revenue 2015: $144,148Expenses 2015: $201,755Net Income 2015: -$57,6072015Revenue 2016: $147,689Expenses 2016: $206,517Net Income 2016: -$58,8282016Revenue 2017: $145,543Expenses 2017: $190,416Net Income 2017: -$44,8732017Revenue 2018: $146,452Expenses 2018: $195,731Net Income 2018: -$49,2792018Revenue 2019: $147,710Expenses 2019: $221,055Net Income 2019: -$73,3452019Revenue 2020: $146,827Expenses 2020: $184,706Net Income 2020: -$37,8792020Revenue 2021: $147,290Expenses 2021: $227,470Net Income 2021: -$80,1802021Revenue 2022: $145,621Expenses 2022: $220,655Net Income 2022: -$75,0342022Revenue 2023: $163,870Expenses 2023: $201,587Net Income 2023: -$37,7172023Revenue 2024: $194,750Expenses 2024: $252,723Net Income 2024: -$57,9732024Revenue 2025: $186,401Expenses 2025: $221,298Net Income 2025: -$34,8972025

Highlighted filing

2014

Revenue$147,723
Expenses$191,375
Net Income-$43,652
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 15, 2014
Return Version
2013v3.1
Gross Receipts
$147,723
Mission and Program Overview

Mission

PROVIDE ASSISTED HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$827,937$774,831▼ $53,106
Cash and Non-Interest-Bearing Accounts$2,872$14,513▲ $11,641
Prepaid Expenses and Deferred Charges$1,750$4,577▲ $2,827
Accounts Receivable$619$339▼ $280
Total Assets$981,322$940,089▼ $41,233
Other Assets Total$148,144$145,829▼ $2,315
Liabilities
Grants Payable$1,888,400$1,888,400→ $0
Other Liabilities$5,973$6,532▲ $559
Accounts Payable and Accrued Expenses$2,654$4,730▲ $2,076
Total Liabilities$1,897,027$1,899,662▲ $2,635
Net Assets / Fund Balance
Unrestricted Net Assets$-915,705$-959,573▼ $43,868
Total Net Assets Fund Balance$-915,705$-959,573▼ $43,868
Total Liabilities and Net Assets / Fund Balance$981,322$940,089▼ $41,233

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$523,913$934,050$1,457,963
Land$219,697-$219,697
Leasehold Improvements$31,221-$31,221
Other Assets Org$3,281--
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Ralph MartinezPresident
Darlene PrettymanBoard Members
David AlbrightBoard Members
Jim WheelerBoard Members
Tim AndersonSecretary
Marilyn GiffordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$145,252
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,471
All Other Contributions
$145,252
Change in Net Assets
$-43,652

Audited Revenue Reconciliation

Revenue per Audited Statements
$147,723
Total Revenue per Audited Statements
$147,723
Total Revenue per Form 990
$147,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$168,044
Salaries, Compensation, and Employee Benefits$23,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,890--$52,890
Other Salaries and Wages$23,331--$23,331
Fees for Services Management$17,280--$17,280
Occupancy$12,179--$12,179
Insurance$8,485--$8,485
Other Expenses$6,443--$6,443
Total Functional Expenses$191,375$0$0$191,375

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$191,591
Total Expenses per Form 990$191,375
Expenses per Audited Statements$138,485
Expenses Not Reported on Form 990$53,106
Expenses Not Reported on Financial Statements$52,890
Other Expense Adjustments$52,890
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
Security deposits$6,532
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 governing body review Part VI line 11

“Form 990 is completed by the external accountant according to the organizations books and records. The board of directors and management company review the Form 990 and corresponding financial statements. Once approved, the Board President signs the Form 990.”

CEO executive director top management comp Part VI line 15A

“Currently, there is no compensation for the officers and board directors.”

Governing documents etc available to public Part VI line 19

“Form 990 is made available to the public by direct requests to the corporate office. Copies are supplied via paper copy or electronic copy as requested. All other governing documents are available to members upon request via paper copy or electronic copy. Outside requests are evaluated and determined on an as needed basis.”

Filing and Contact Details

Filer

EIN
77-0395004

Signing Officer

Name
Ralph Martinez
Title
President
Phone
6613261190
Signed
2014-10-15
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Preparer
Anthony Apodaca
Phone
6263054220
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Difference between federal and book depreciation”

Financial Statement Notes

Other expenses not included on Form 990 (Part XII, line 2D)

“Book depreciation $53,106.”

Other expenses included on Form 990 (Part XII, line 4B)

“Federal depreciation $52,890.”

Raw XML Appendix377 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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IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0523913
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0934050
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01457963
IRS990ScheduleD/ExpensesNotReportedAmt053106
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt052890
IRS990ScheduleD/ExpensesSubtotalAmt0138485
IRS990ScheduleD/LandGrp/BookValueAmt0219697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0219697
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt031221
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt031221
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0134654
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17894
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23281
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant deposits held in trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Residual receipts
IRS990ScheduleD/OtherExpensesIncludedAmt053106
IRS990ScheduleD/OtherExpensesNotIncludedAmt052890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposits
IRS990ScheduleD/RevenueSubtotalAmt0147723
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Book depreciation $53,106.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Federal depreciation $52,890.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses included on Form 990 (Part XII, line 4b)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0774831
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0145829
IRS990ScheduleD/TotalExpensesPerForm990Amt0191375
IRS990ScheduleD/TotalLiabilityAmt06532
IRS990ScheduleD/TotalRevenuePerForm990Amt0147723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0147723
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0191591
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is completed by the external accountant according to the organizations books and records. The board of directors and management company review the Form 990 and corresponding financial statements. Once approved, the Board President signs the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Currently, there is no compensation for the officers and board directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is made available to the public by direct requests to the corporate office. Copies are supplied via paper copy or electronic copy as requested. All other governing documents are available to members upon request via paper copy or electronic copy. Outside requests are evaluated and determined on an as needed basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIFFERENCE BETWEEN FEDERAL AND BOOK DEPRECIATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0981322
IRS990/TotalAssetsEOYAmt0940089
IRS990/TotalAssetsGrp/BOYAmt0981322
IRS990/TotalAssetsGrp/EOYAmt0940089
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0145252
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0191375
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01897027
IRS990/TotalLiabilitiesEOYAmt01899662
IRS990/TotalLiabilitiesGrp/BOYAmt01897027
IRS990/TotalLiabilitiesGrp/EOYAmt01899662
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-915705
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-959573
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0191375
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02471
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0147723
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0981322
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0940089
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-915705
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-959573
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RALPH MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06613261190
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10MAGNOLIA TREE APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0770395004
ReturnHeader/Filer/USAddress/AddressLine101572 N Main Street
ReturnHeader/Filer/USAddress/City0Orange
ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode092867
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202623971
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Anthony Apodaca Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10105 W Foothill Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Monrovia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode091016
ReturnHeader/PreparerPersonGrp/PhoneNum06263054220
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony Apodaca
ReturnHeader/ReturnTs02014-10-30T11:43:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$940,089
Liabilities
$1,899,662
Net assets
-$959,573
Revenue
$147,723
Expenses
$191,375
Net income
-$43,652
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$1.91$1.56$0.19$0.22$0.03
2024Summary only. Only limited summary data is available for this year.$0.37$1.91$1.54$0.19$0.25$0.06
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$1.90$1.48$0.16$0.20$0.04
2022Summary only. Only limited summary data is available for this year.$0.47$1.92$1.44$0.15$0.22$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$1.90$1.37$0.15$0.23$0.08
2020Summary only. Only limited summary data is available for this year.$0.61$1.89$1.29$0.15$0.18$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$1.90$1.25$0.15$0.22$0.07
2018Summary only. Only limited summary data is available for this year.$0.72$1.90$1.17$0.15$0.20$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$1.89$1.12$0.15$0.19$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.82$1.90$1.08$0.15$0.21$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.89$1.90$1.02$0.14$0.20$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.94$1.90$0.96$0.15$0.19$0.04
2014Summary only. Only limited summary data is available for this year.$0.94$1.90$0.96$0.15$0.19$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$1.90$0.92$0.18
2012Summary only. Only limited summary data is available for this year.$1.04$1.90$0.86$0.13$0.17$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$1.90$0.82$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$1.90$0.78$0.13$0.17$0.04