Civic Intelligence

Miracle Terrace Retirement Center Inc

EIN 77-0423272 • 501(c)3 • Fresno, CA

Profile

Low income housing for the elderly.

7120 N Whitney Avenue No 105Fresno, CA 93720

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

98th percentile

666%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $5,089,415 (-100%) from 2013

Liabilities

Down

$0

Down $90,050 (-100%) from 2013

Net Assets

Down

$0

Down $4,999,365 (-100%) from 2013

Revenue

Up

$8,400,695

Up $7,303,800 (+666%) from 2013

Expenses

Down

$215,288

Down $894,642 (-81%) from 2013

Net Income

Up

$8,185,407

Up $8,198,442 (+62896%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $5,465,524Liabilities 2011: $587,321Net Assets 2011: $4,878,2032011Assets 2012: $5,393,869Liabilities 2012: $403,478Net Assets 2012: $4,990,3912012Assets 2013: $5,089,415Liabilities 2013: $90,050Net Assets 2013: $4,999,3652013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,228,929Expenses 2011: $939,058Net Income 2011: $289,8712011Revenue 2012: $1,110,557Expenses 2012: $998,369Net Income 2012: $112,1882012Revenue 2013: $1,096,895Expenses 2013: $1,109,930Net Income 2013: -$13,0352013Revenue 2014: $8,400,695Expenses 2014: $215,288Net Income 2014: $8,185,4072014

Highlighted filing

2014

Revenue$8,400,695
Expenses$215,288
Net Income$8,185,407

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$12,761,658
Mission and Program Overview

Mission

Low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,328,215$0▼ $4,328,215
Cash and Non-Interest-Bearing Accounts$735,116$0▼ $735,116
Prepaid Expenses and Deferred Charges$25,356$0▼ $25,356
Accounts Receivable$728$0▼ $728
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,089,415$0▼ $5,089,415
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$88,224$0▼ $88,224
Deferred Revenue$1,826$0▼ $1,826
Total Liabilities$90,050$0▼ $90,050
Net Assets / Fund Balance
Unrestricted Net Assets$4,999,365$0▼ $4,999,365
Total Net Assets Fund Balance$4,999,365$0▼ $4,999,365
Total Liabilities and Net Assets / Fund Balance$5,089,415$0▼ $5,089,415
Compensation and Service Providers

Board Members and Trustees

NameTitle
Philip W KellPresident
Ernest OngVice President/CFO
David OndoDirector
Doyle BradenDirector
Jonathan JarboeDirector
Pat McNallyDirector
Ralph NealDirector
Rick KaselDirector
Laura HamiltonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$226,309
Investment Income
$8,174,386
Other Revenue
$0
Change in Net Assets
$8,185,407

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,400,695
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-70,530
Total Revenue per Audited Statements
$8,330,165
Total Revenue per Form 990
$8,400,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,118
Salaries, Compensation, and Employee Benefits$20,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$32,421$327-$32,748
Insurance$25,992$263-$26,255
Fees for Services Other-$22,094-$22,094
Other Salaries and Wages$11,586$1,287-$12,873
Fees for Services Accounting-$8,906-$8,906
Other Expenses$5,440$90-$5,530
Other Employee Benefits$4,462$496-$4,958
Office Expenses-$4,653-$4,653
Payroll Taxes$1,999$222-$2,221
Advertising-$520-$520
Fees for Services Legal-$423-$423
Pension Plan Contributions$107$11-$118
Total Functional Expenses$175,055$40,233$0$215,288

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$215,288
Total Expenses per Audited Statements$215,288
Total Expenses per Form 990$215,288
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

Property management for a 179-unit apartment complex in Anaheim, California.

Form 990, Part VI, Section B, line 11

Form 990 is prepared by an independent CPA firm and reviewed by the organization's Vice President prior to filing.

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

The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. Any potential conflicts of interest are reviewed annually by the board of directors. If a matter related to a potential conflict were to arise at a board meeting, the interested person would abstain from voting on matters related to the noted conflict.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, and financial statements are maintained at the corporate office and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Miracle Terrace Retirement Center Inc
EIN
77-0423272
Phone
5593221001
Address
7120 N Whitney Avenue No 105, Fresno, CA 93720

Signing Officer

Name
Ernest Ong
Title
Vice President
Phone
5593221001
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernest Ong
Formed
1995
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Capin Crouse LLP
Address
3010 Saturn Street Suite 205, Brea, CA 92821
Preparer
David C Moja
Phone
7149619300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Outside Consultant: Program service expenses 0. Management and general expenses 3,000. Fundraising expenses 0. Total expenses 3,000. Management Fees: Program service expenses 0. Management and general expenses 19,094. Fundraising expenses 0. Total expenses 19,094.

Form 990, Part XI, line 9:

Distribution of net assets upon dissolution -13,114,206.

Form 990, Part XII, Line 2C:

The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.

Financial Statement Notes

Part X, Line 2:

The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of changes in net assets in liquidation. As of November 14, 2014, MTRC had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. MTRC files federal and California information returns. MTRC is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt032826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0131643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0132678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0406286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0224905
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01078
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01459
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0229518
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03292235
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04942
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06939
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01220
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt09852
IRS990ScheduleA/OtherIncome170Grp/TotalAmt024763
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61510
IRS990ScheduleA/PublicSupportPY170Pct00.94980
IRS990ScheduleA/PublicSupportTotal170Amt0406286
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0109139
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt032826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0131643
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0132678
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0406286
IRS990ScheduleA/TotalSupportAmt0660567
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0215288
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-70530
IRS990ScheduleD/RevenueNotReportedAmt0-70530
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08400695
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of changes in net assets in liquidation. As of November 14, 2014, MTRC had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. MTRC files federal and California information returns. MTRC is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0215288
IRS990ScheduleD/TotalRevenuePerForm990Amt08400695
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08330165
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0215288
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Net assets - consisted of the sale proceeds of all assets sold and the investment income earned until the distribution date.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0California Baptist Foundation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0941375834
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt013114206
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Actual value.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt07120 N Whitney Ave Suite 105
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Fresno
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd093720
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Person(s) Involved: Bob Brown - California Baptist Foundation Executive Committee MemberDon Lee - California Baptist Foundation Trust Development CommitteeDavid Ondo - California Baptist Foundation Trust Operations CommitteeRick Kasel - California Baptist Foundation Trust Operations Committee
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2e:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Property management for a 179-unit apartment complex in Anaheim, California.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by an independent CPA firm and reviewed by the organization's Vice President prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. Any potential conflicts of interest are reviewed annually by the board of directors. If a matter related to a potential conflict were to arise at a board meeting, the interested person would abstain from voting on matters related to the noted conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents, conflict of interest policy, and financial statements are maintained at the corporate office and are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Outside Consultant: Program service expenses 0. Management and general expenses 3,000. Fundraising expenses 0. Total expenses 3,000. Management Fees: Program service expenses 0. Management and general expenses 19,094. Fundraising expenses 0. Total expenses 19,094.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Distribution of net assets upon dissolution -13,114,206.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0California Baptist Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0941375834
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Raising & Managing Trust and Endowment Funds
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06033(A)(3)(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07120 N Whitney Ave Suite 105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Fresno
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd093720
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00

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