Civic Intelligence

Magnolia Tree Apartments Inc.

990 • Fiscal year 2015 • EIN 77-0395004

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 23, 2015

Organization Profile
1400 Chester AveBakersfield, CA 93301

(661) 326-1190

Siviq Scores

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

Liabilities / Assets

98th percentile

2.15x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

13.20x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

24th percentile

-5.8%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-2.4%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$885,863

Down $54,226 (-5.8%) from 2014

Net Assets

Down

-$1,017,262

Down $57,689 (-6.0%) from 2014

Liabilities

Up

$1,903,125

Up $3,463 (+0.2%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin8th percentile

Revenue

Down

$144,148

Down $3,575 (-2.4%) from 2014

Expenses

Up

$201,755

Up $10,380 (+5.4%) from 2014

Net Income

Down

-$57,607

Down $13,955 (-32%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth24th 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 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

2015

Assets$885,863
Liabilities$1,903,125
Net Assets-$1,017,262
Open 2015 Filing

Operations Trend

Revenue Growth37th 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 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

2015

Revenue$144,148
Expenses$201,755
Net Income-$57,607
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 23, 2015
Return Version
2014v5.0
Gross Receipts
$144,148
Mission and Program Overview

Mission

PROVIDE ASSISTED HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$774,831$721,859▼ $52,972
Cash and Non-Interest-Bearing Accounts$14,513$11,053▼ $3,460
Prepaid Expenses and Deferred Charges$4,577$2,395▼ $2,182
Accounts Receivable$339$204▼ $135
Total Assets$940,089$885,863▼ $54,226
Other Assets Total$145,829$150,352▲ $4,523
Liabilities
Grants Payable$1,888,400$1,888,400→ $0
Accounts Payable and Accrued Expenses$4,730$8,172▲ $3,442
Other Liabilities$6,532$6,553▲ $21
Total Liabilities$1,899,662$1,903,125▲ $3,463
Net Assets / Fund Balance
Unrestricted Net Assets$-959,573$-1,017,262▼ $57,689
Total Net Assets Fund Balance$-959,573$-1,017,262▼ $57,689
Total Liabilities and Net Assets / Fund Balance$940,089$885,863▼ $54,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$470,941$987,022$1,457,963
Land$219,697-$219,697
Leasehold Improvements$31,221-$31,221
Other Assets Org$1,993--
Compensation and Service Providers
Top Officer Pay49th 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
$142,571
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,577
All Other Contributions
$142,571
Change in Net Assets
$-57,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$144,148
Total Revenue per Audited Statements
$144,148
Total Revenue per Form 990
$144,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,283
Salaries, Compensation, and Employee Benefits$18,472
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$18,472--$18,472
Fees for Services Management$17,280--$17,280
Occupancy$12,188--$12,188
Insurance$11,694--$11,694
Other Expenses$7,105--$7,105
Total Functional Expenses$201,755$0$0$201,755

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$201,837
Total Expenses per Form 990$201,755
Expenses per Audited Statements$148,865
Expenses Not Reported on Form 990$52,972
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$6,553
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

Filer Name
Magnolia Tree Apartments
EIN
77-0395004
Address
1400 CHESTER AVE, Bakersfield, CA 93301

Signing Officer

Name
Fred Goodspeed
Title
Property Manage
Phone
6263054220
Signed
2015-11-23
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Anthony Apodaca Accountancy Corp
Address
105 W Foothill Blvd, Monrovia, CA 91016
Preparer
Anthony Apodaca CPA
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 $52,972.”

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

“Federal depreciation $52,890.”

Raw XML Appendix368 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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IRS990ScheduleD/BuildingsGrp/BookValueAmt0470941
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0987022
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01457963
IRS990ScheduleD/ExpensesNotReportedAmt052972
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt052890
IRS990ScheduleD/ExpensesSubtotalAmt0148865
IRS990ScheduleD/LandGrp/BookValueAmt0219697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0219697
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt031221
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt031221
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0140462
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17897
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21993
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant deposits held in trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Residual receipts
IRS990ScheduleD/OtherExpensesIncludedAmt052972
IRS990ScheduleD/OtherExpensesNotIncludedAmt052890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposits
IRS990ScheduleD/RevenueSubtotalAmt0144148
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Book depreciation $52,972.
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/TotalBookValueLandBuildingsAmt0721859
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0150352
IRS990ScheduleD/TotalExpensesPerForm990Amt0201755
IRS990ScheduleD/TotalLiabilityAmt06553
IRS990ScheduleD/TotalRevenuePerForm990Amt0144148
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0144148
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201837
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0940089
IRS990/TotalAssetsEOYAmt0885863
IRS990/TotalAssetsGrp/BOYAmt0940089
IRS990/TotalAssetsGrp/EOYAmt0885863
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0142571
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0201755
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201755
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01899662
IRS990/TotalLiabilitiesEOYAmt01903125
IRS990/TotalLiabilitiesGrp/BOYAmt01899662
IRS990/TotalLiabilitiesGrp/EOYAmt01903125
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-959573
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1017262
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0201755
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01577
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0144148
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0940089
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0885863
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-959573
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1017262
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED GOODSPEED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PROPERTY MANAGE
ReturnHeader/BusinessOfficerGrp/PhoneNum06263054220
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA TREE APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0770395004
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 CHESTER AVE
ReturnHeader/Filer/USAddress/CityNm0Bakersfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202623971
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Anthony Apodaca Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 W Foothill Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monrovia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091016
ReturnHeader/PreparerPersonGrp/PhoneNum06263054220
ReturnHeader/PreparerPersonGrp/PreparationDt02015-12-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony Apodaca CPA
ReturnHeader/ReturnTs02015-12-07T10:35:25-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$885,863
Liabilities
$1,903,125
Net assets
-$1,017,262
Revenue
$144,148
Expenses
$201,755
Net income
-$57,607
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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $500k-$1M nonprofits