Civic Intelligence

Monterra Village Housing Corporation

EIN 77-0429345 • 501(c)3 • Morgan Hill, CA

Profile

To provide affordable housing to low income households

16500 Monterey Road Suite 120Morgan Hill, CA 95037
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 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$10,565

Down $494,898 (-98%) from 2015

Liabilities

Down

$254,000

Down $106,353 (-30%) from 2015

Net Assets

Down

-$243,435

Down $388,545 (-268%) from 2015

Revenue

Down

$55,115

Down $114,365 (-67%) from 2015

Expenses

Down

$10,965

Down $25,427 (-70%) from 2015

Net Income

Down

$44,150

Down $88,938 (-67%) from 2015

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,761,366Liabilities 2011: $766,975Net Assets 2011: $994,3912011Assets 2012: $1,692,150Liabilities 2012: $728,093Net Assets 2012: $964,0572012Assets 2013: $1,756,111Liabilities 2013: $743,915Net Assets 2013: $1,012,1962013Assets 2014: $1,625,959Liabilities 2014: $533,672Net Assets 2014: $1,092,2872014Assets 2015: $505,463Liabilities 2015: $360,353Net Assets 2015: $145,1102015Assets 2016: $10,565Liabilities 2016: $254,000Net Assets 2016: -$243,4352016

Highlighted filing

2016

Assets$10,565
Liabilities$254,000
Net Assets-$243,435

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $10,996Expenses 2011: $41,589Net Income 2011: -$30,5932011Revenue 2012: $11,183Expenses 2012: $41,517Net Income 2012: -$30,3342012Revenue 2013: $104,441Expenses 2013: $56,302Net Income 2013: $48,1392013Revenue 2014: $124,523Expenses 2014: $44,432Net Income 2014: $80,0912014Revenue 2015: $169,480Expenses 2015: $36,392Net Income 2015: $133,0882015Revenue 2016: $55,115Expenses 2016: $10,965Net Income 2016: $44,1502016

Highlighted filing

2016

Revenue$55,115
Expenses$10,965
Net Income$44,150

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 12, 2017
Return Version
2016v3.0
Gross Receipts
$55,115
Mission and Program Overview

Mission

To provide affordable housing to low income households

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$475,340--
Accounts Receivable$28,257$10,479▼ $17,778
Cash and Non-Interest-Bearing Accounts$1,866$86▼ $1,780
Total Assets$505,463$10,565▼ $494,898
Liabilities
Other Liabilities$357,878$254,000▼ $103,878
Accounts Payable and Accrued Expenses$2,475--
Total Liabilities$360,353$254,000▼ $106,353
Net Assets / Fund Balance
Unrestricted Net Assets$145,110$-243,435▼ $388,545
Total Net Assets Fund Balance$145,110$-243,435▼ $388,545
Total Liabilities and Net Assets / Fund Balance$505,463$10,565▼ $494,898
Compensation and Service Providers

Board Members and Trustees

NameTitle
Douglas KuerschnerBoard President
Dennis LalorPresident/CEO
Andy PayneDirector
Augie BertaoDirector
Barbara MendozaDirector
Joseph PostigoDirector
Roger WongDirector
Sandra FishlerDirector
J Allen HayesCFO/treasurer
Maria SkoczylasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$5,115
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$44,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$6,040--$6,040
Insurance$775--$775
Other Expenses$2,700$50-$50
Total Functional Expenses$9,515$1,450$0$10,965
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
Federal income taxes$254,000
DUE TO SOUTH COUNTY HOUSING - Partnership management fee-
Note Payable - Wheeler Housing Corporation-
Note Payable - Willows Housing Corporation-
Interest Payable-
Temporary Advance - Wheeler Housing Corporation-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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

Property management over affordable rental projects are contracted with a professional property management company

Form 990, Part VI, Line 7A

Members of the Organizations governing body are appointed by South County Housing Corporation, a California nonprofit corporation

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act for the Board.

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

The Form 990 is reviewed by the Finance Committee of the Organization. A copy of the Form 990 is made available to board members prior to filing.

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

Board members and officers submit annual certifcations of compliance with or disclosure on the Organizations conflict of interest policy. The certifcations are reviewed and monitored for compliance by South County Housing Corporations Human Resources Department.

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

The Organization does not compensate its directors and officers. The Orgnizations president/CEO is compensated by South County Housing Corporation, and its Personnel Committee members of which are independent directors review compensation and performance of the CEO annually.

Form 990, Part VI, Section C, Line 19

Made available upon request.

Filing and Contact Details

Filer

Filer Name
Monterra Village Housing Corporation
EIN
77-0429345
Phone
4088429181
Address
16500 MONTEREY ROAD SUITE 120, MORGAN HILL, CA 95037

Signing Officer

Name
Dennis Lalor
Title
President
Signed
2017-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Lalor President
Formed
1996
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Nestor C Nunez CPA
Address
1486 Huntington Ave Ste 304, S San Francisco, CA 94080
Preparer
Nestor C Nunez
Phone
6508694000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The Organization transferred its last affordable housing project, and the general partner interest in a limited partnership which owned a project providing affordable housing to another California nonprofit organization during the fiscal year.

Form 990, Part V, Line 1C

Vendor payments are made on behalf of the Organization by the property management company, which issues Forms 1099s.

Form 990, Part V, Line 1C

The Organization made no reportable payments to vendors nor gaming winnings which required issuing of Forms 1099s.

Form 990, Part V, Line 2B

The Organization did not issue W-3 and W-2 forms. The salary expense derived from site staff employed by the property management company.

Form 990, Part XI, Line 9

General partner interest transferred without compensation to another California nonprofit corporation - 431,447 partnership management fee assigned to another California nonprofit corporation - 1,248.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0254000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO SOUTH COUNTY HOUSING - Partnership management fee
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE - WHEELER HOUSING CORPORATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NOTE PAYABLE - WILLOWS HOUSING CORPORATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5TEMPORARY ADVANCE - WHEELER HOUSING CORPORATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalLiabilityAmt0254000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0233468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DENNIS LALOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0241388
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Transfer of general partner interest
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Eden South Bay Inc
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0943166350
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0431447
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Book value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt022645 Grand Street
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Hayward
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd094541
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization transferred its last affordable housing project, and the general partner interest in a limited partnership which owned a project providing affordable housing to another California nonprofit organization during the fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Vendor payments are made on behalf of the Organization by the property management company, which issues Forms 1099s.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization made no reportable payments to vendors nor gaming winnings which required issuing of Forms 1099s.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization did not issue W-3 and W-2 forms. The salary expense derived from site staff employed by the property management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Property management over affordable rental projects are contracted with a professional property management company
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Members of the Organizations governing body are appointed by South County Housing Corporation, a California nonprofit corporation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6There are no committees with authority to act for the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Form 990 is reviewed by the Finance Committee of the Organization. A copy of the Form 990 is made available to board members prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Board members and officers submit annual certifcations of compliance with or disclosure on the Organizations conflict of interest policy. The certifcations are reviewed and monitored for compliance by South County Housing Corporations Human Resources Department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The Organization does not compensate its directors and officers. The Orgnizations president/CEO is compensated by South County Housing Corporation, and its Personnel Committee members of which are independent directors review compensation and performance of the CEO annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11General partner interest transferred without compensation to another California nonprofit corporation - 431,447 partnership management fee assigned to another California nonprofit corporation - 1,248.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part V, Line 1c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part V, Line 1c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part V, Line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd3false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0562475377
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1611447099
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2431979751
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3203303142
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd3false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SALINAS ROAD ASSOCIATES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1GILROY TRANSITIONAL HSG CENTER ASSOCIATES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2JEWELL AVENUE ASSOCIATES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt3SOUTH COUNTY COMMUNITY DEVELOPMENT LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt07455 CARMEL ST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt17455 CARMEL ST

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