Civic Intelligence

Casa De Oro Foundation Inc.

990 • Fiscal year 2015 • EIN 77-0445845

Feb 01, 2014 to Jan 31, 2015 • Filed on Jul 27, 2015

6475 Pacific Coast Highway 442Long Beach, CA 90803

(562) 774-7273

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

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

Liabilities / Revenue

25th percentile

0.00x

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

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

Net Margin

4th percentile

-82%

Higher net margin than 4% of similar nonprofits.

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

Top Officer Pay

86th percentile

$91,032

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 70.6% of source-year revenue.

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

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

88th percentile

52%

Faster revenue growth than 88% of similar nonprofits.

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

Assets

Down

$948,738

Down $144,654 (-13%) from 2014

Net Assets

Down

$948,738

Down $144,654 (-13%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$128,904

Up $44,370 (+52%) from 2014

Expenses

Down

$235,101

Down $18,560 (-7.3%) from 2014

Net Income

Up

-$106,197

Up $62,930 (+37%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,349,180Liabilities 2012: $0Net Assets 2012: $1,349,1802012Assets 2013: $1,243,197Liabilities 2013: $0Net Assets 2013: $1,243,1972013Assets 2014: $1,093,392Liabilities 2014: $0Net Assets 2014: $1,093,3922014Assets 2015: $948,738Liabilities 2015: $0Net Assets 2015: $948,7382015Assets 2016: $816,593Liabilities 2016: $21,732Net Assets 2016: $794,8612016Assets 2017: $769,304Liabilities 2017: $73,853Net Assets 2017: $695,4512017Assets 2018: $736,324Liabilities 2018: $103,113Net Assets 2018: $633,2112018Assets 2019: $730,139Liabilities 2019: $161,906Net Assets 2019: $568,2332019Assets 2020: $665,908Liabilities 2020: $163,770Net Assets 2020: $502,1382020Assets 2021: $637,428Liabilities 2021: $190,484Net Assets 2021: $446,9442021Assets 2022: $604,230Liabilities 2022: $183,440Net Assets 2022: $420,7902022Assets 2023: $1,031,318Liabilities 2023: $11,549Net Assets 2023: $1,019,7692023Assets 2024: $973,694Liabilities 2024: $0Net Assets 2024: $973,6942024Assets 2025: $989,704Liabilities 2025: $25,761Net Assets 2025: $963,9432025

Highlighted filing

2015

Assets$948,738
Liabilities$0
Net Assets$948,738

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $101,189Expenses 2012: $244,354Net Income 2012: -$143,1652012Revenue 2013: $169,619Expenses 2013: $152,230Net Income 2013: $17,3892013Revenue 2014: $84,534Expenses 2014: $253,661Net Income 2014: -$169,1272014Revenue 2015: $128,904Expenses 2015: $235,101Net Income 2015: -$106,1972015Revenue 2016: $63,837Expenses 2016: $217,714Net Income 2016: -$153,8772016Revenue 2017: $28,368Expenses 2017: $127,778Net Income 2017: -$99,4102017Revenue 2018: $62,342Expenses 2018: $97,099Net Income 2018: -$34,7572018Revenue 2019: $72,018Expenses 2019: $136,996Net Income 2019: -$64,9782019Revenue 2020: $72,058Expenses 2020: $138,153Net Income 2020: -$66,0952020Revenue 2021: $57,180Expenses 2021: $112,374Net Income 2021: -$55,1942021Revenue 2022: $77,007Expenses 2022: $103,161Net Income 2022: -$26,1542022Revenue 2023: $696,437Expenses 2023: $97,458Net Income 2023: $598,9792023Revenue 2024: $31,825Expenses 2024: $77,900Net Income 2024: -$46,0752024Revenue 2025: $41,100Expenses 2025: $36,690Net Income 2025: $4,4102025

Highlighted filing

2015

Revenue$128,904
Expenses$235,101
Net Income-$106,197
Jump To
Filing Snapshot
Filing Period
Feb 1, 2014 to Jan 31, 2015
Signed
Jul 27, 2015
Return Version
2014v5.0
Gross Receipts
$128,904
Mission and Program Overview

Mission

The purpose of casa de oro foundation is to provide and assist in providing housing to and for low and moderate income persons and families, particularly in distressed areas and neighbordhoods and in redeveloped zones recognized by state, local and federal agencies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,093,392$948,738▼ $144,654
Land, Buildings, and Equipment, Net$861,220$830,580▼ $30,640
Cash and Non-Interest-Bearing Accounts$224,972$110,958▼ $114,014
Prepaid Expenses and Deferred Charges$7,200$7,200→ $0
Total Assets$1,093,392$948,738▼ $144,654
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,093,392$948,738▼ $144,654
Total Liabilities and Net Assets / Fund Balance$1,093,392$948,738▼ $144,654

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$830,580$73,440$904,020
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nelson P GalindoPresidentFT$91,032$91,032

Board Members and Trustees

NameTitle
Camilo JorgeBoard Member
Jeffrey McclearyBoard Member
Terry LeeBoard Member
Dannys E CodySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$128,904
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-106,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,989
Salaries, Compensation, and Employee Benefits$103,112
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,274$22,758-$91,032
Depreciation Depletion$35,758--$35,758
Occupancy$31,098--$31,098
All Other Expenses$23,012--$23,012
Payroll Taxes$1,741$5,223-$6,964
Other Employee Benefits$1,279$3,837-$5,116
Other Expenses$2,971--$2,971
Fees for Services Other$2,448--$2,448
Travel$1,995--$1,995
Total Functional Expenses$203,283$31,818$0$235,101
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
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, Page 6, Part VI, Line 11B

Form 990 is provided to appropriate committee and the board via e-mail. Final review and approval is done via conference calls.

Form 990, Page 6, Part VI, Line 15A

Review of compensation for ceo salary made through committee review and recommendation to the board who make final approval.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Casa De Oro Foundation Inc
EIN
77-0445845
Address
6475 PACIFIC COAST HIGHWAY 442, LONG BEACH, CA 90803

Signing Officer

Name
Pedro Nelson Galindo
Title
President
Signed
2015-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nelson P Galindo
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
1

Preparer

Firm
Tax Specialty Plus Inc
Address
8310 FLORENCE AVE, DOWNEY, CA 90240
Preparer
Robert J Herrera Ea
Phone
5629275944
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of casa de oro foundation is to provide and assist in providing housing to and for low and moderate income persons and families, particularly in distressed areas and neighbordhoods and in redeveloped zones recognized by state, local and federal agencies.

Form 990, Page 2, Part III, Line 4A

Oil companies have not been replacing the jobs that have been lost due to the cutbacks in oil production. The foundation reduced the rent of many of its units as the vacancy factor rose to about 30%. The apartments manager was dismissed and the foundation executive took over management of the apartments buildings. The foundation plans to remain in vernal until the buildings are completely repaired and ready to rent. The foundation is meeting with public housing officials to qualify the units for goverment housing programs such as section 8, and other low income programs that serve families in need. It is expected that the current harsh economic conditions will last through all of 2016, thus the shift to government programs as oppose to the foundation going at it alone. Not to be lost in all the economic turmoil is the foundation's work with the community and law enforcement to prevent tenants from engaging and getting addicted to drugs. There is much need to prevent illegal and immoral practices which destroy families and individual lives in this community.

Form 990, Page 2, Part III, Line 4D

The foundation is meeting with public housing officials to qualify the units for goverment housing programs such as section 8, and other low income programs that serve families in need. It is expected that the current harsh economic conditions will last through all of 2016, thus the shift to government programs as oppose to the foundation going at it alone. Not to be lost in all the economic turmoil is the foundation's work with the community and law enforcement to prevent tenants from engaging and getting addicted to drugs. There is much need to prevent illegal and immoral practices which destroy families and individual lives in this community.

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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0830580
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt073440
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0904020
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0830580
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF CASA DE ORO FOUNDATION IS TO PROVIDE AND ASSIST IN PROVIDING HOUSING TO AND FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES, PARTICULARLY IN DISTRESSED AREAS AND NEIGHBORDHOODS AND IN REDEVELOPED ZONES RECOGNIZED BY STATE, LOCAL AND FEDERAL AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OIL COMPANIES HAVE NOT BEEN REPLACING THE JOBS THAT HAVE BEEN LOST DUE TO THE CUTBACKS IN OIL PRODUCTION. THE FOUNDATION REDUCED THE RENT OF MANY OF ITS UNITS AS THE VACANCY FACTOR ROSE TO ABOUT 30%. THE APARTMENTS MANAGER WAS DISMISSED AND THE FOUNDATION EXECUTIVE TOOK OVER MANAGEMENT OF THE APARTMENTS BUILDINGS. THE FOUNDATION PLANS TO REMAIN IN VERNAL UNTIL THE BUILDINGS ARE COMPLETELY REPAIRED AND READY TO RENT. THE FOUNDATION IS MEETING WITH PUBLIC HOUSING OFFICIALS TO QUALIFY THE UNITS FOR GOVERMENT HOUSING PROGRAMS SUCH AS SECTION 8, AND OTHER LOW INCOME PROGRAMS THAT SERVE FAMILIES IN NEED. IT IS EXPECTED THAT THE CURRENT HARSH ECONOMIC CONDITIONS WILL LAST THROUGH ALL OF 2016, THUS THE SHIFT TO GOVERNMENT PROGRAMS AS OPPOSE TO THE FOUNDATION GOING AT IT ALONE. NOT TO BE LOST IN ALL THE ECONOMIC TURMOIL IS THE FOUNDATION'S WORK WITH THE COMMUNITY AND LAW ENFORCEMENT TO PREVENT TENANTS FROM ENGAGING AND GETTING ADDICTED TO DRUGS. THERE IS MUCH NEED TO PREVENT ILLEGAL AND IMMORAL PRACTICES WHICH DESTROY FAMILIES AND INDIVIDUAL LIVES IN THIS COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION IS MEETING WITH PUBLIC HOUSING OFFICIALS TO QUALIFY THE UNITS FOR GOVERMENT HOUSING PROGRAMS SUCH AS SECTION 8, AND OTHER LOW INCOME PROGRAMS THAT SERVE FAMILIES IN NEED. IT IS EXPECTED THAT THE CURRENT HARSH ECONOMIC CONDITIONS WILL LAST THROUGH ALL OF 2016, THUS THE SHIFT TO GOVERNMENT PROGRAMS AS OPPOSE TO THE FOUNDATION GOING AT IT ALONE. NOT TO BE LOST IN ALL THE ECONOMIC TURMOIL IS THE FOUNDATION'S WORK WITH THE COMMUNITY AND LAW ENFORCEMENT TO PREVENT TENANTS FROM ENGAGING AND GETTING ADDICTED TO DRUGS. THERE IS MUCH NEED TO PREVENT ILLEGAL AND IMMORAL PRACTICES WHICH DESTROY FAMILIES AND INDIVIDUAL LIVES IN THIS COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO APPROPRIATE COMMITTEE AND THE BOARD VIA E-MAIL. FINAL REVIEW AND APPROVAL IS DONE VIA CONFERENCE CALLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW OF COMPENSATION FOR CEO SALARY MADE THROUGH COMMITTEE REVIEW AND RECOMMENDATION TO THE BOARD WHO MAKE FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01093392
IRS990/TotalAssetsEOYAmt0948738
IRS990/TotalAssetsGrp/BOYAmt01093392
IRS990/TotalAssetsGrp/EOYAmt0948738
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031818
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203283
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01093392
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0948738
IRS990/TotalOtherProgSrvcExpenseAmt0131989
IRS990/TotalProgramServiceExpensesAmt0203283
IRS990/TotalProgramServiceRevenueAmt0128904
IRS990/TotalReportableCompFromOrgAmt091032
IRS990/TotalRevenueGrp/ExclusionAmt0128904
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0128904
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01093392
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0948738
IRS990/TravelGrp/ProgramServicesAmt01995
IRS990/TravelGrp/TotalAmt01995
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06475 PACIFIC COAST HIGHWAY 442
IRS990/USAddress/CityNm0LONG BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090803
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PEDRO NELSON GALINDO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CASA DE ORO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CASA
ReturnHeader/Filer/EIN0770445845
ReturnHeader/Filer/USAddress/AddressLine1Txt06475 PACIFIC COAST HIGHWAY 442
ReturnHeader/Filer/USAddress/CityNm0LONG BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090803
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954822336
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAX SPECIALTY PLUS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08310 FLORENCE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DOWNEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090240
ReturnHeader/PreparerPersonGrp/PhoneNum05629275944
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J HERRERA EA
ReturnHeader/ReturnTs02015-08-03T18:08:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-02-01
ReturnHeader/TaxPeriodEndDt02015-01-31
ReturnHeader/TaxYr02014

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.$0.99$0.03$0.96$0.04$0.04$0.00
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.00$0.97$0.03$0.08$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.01$1.02$0.70$0.10$0.60
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.18$0.42$0.08$0.10$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.19$0.45$0.06$0.11$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.16$0.50$0.07$0.14$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.16$0.57$0.07$0.14$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.10$0.63$0.06$0.10$0.03
2017Summary only. Only limited summary data is available for this year.$0.77$0.07$0.70$0.03$0.13$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.82$0.02$0.79$0.06$0.22$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.13$0.24$0.11
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$0.08$0.25$0.17
2013Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.17$0.15$0.02
2012Summary only. Only limited summary data is available for this year.$1.35$0.00$1.35$0.10$0.24$0.14