Civic Intelligence

Casa De Oro Foundation Inc.

990 • Fiscal year 2016 • EIN 77-0445845

Feb 01, 2015 to Jan 31, 2016 • Filed on Aug 19, 2016

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

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.34x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

2nd percentile

-241%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$30,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 47.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$816,593

Down $132,145 (-14%) from 2015

Net Assets

Down

$794,861

Down $153,877 (-16%) from 2015

Liabilities

Up

$21,732

Up $21,732 from 2015

Revenue

Down

$63,837

Down $65,067 (-50%) from 2015

Expenses

Down

$217,714

Down $17,387 (-7.4%) from 2015

Net Income

Down

-$153,877

Down $47,680 (-45%) from 2015

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

2016

Assets$816,593
Liabilities$21,732
Net Assets$794,861

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

2016

Revenue$63,837
Expenses$217,714
Net Income-$153,877
Jump To
Filing Snapshot
Filing Period
Feb 1, 2015 to Jan 31, 2016
Signed
Aug 19, 2016
Return Version
2015v2.1
Gross Receipts
$63,837
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
Land, Buildings, and Equipment, Net$830,580$797,075▼ $33,505
Rtn Earn Endowment Incm Other Fnds$948,738$794,861▼ $153,877
Cash and Non-Interest-Bearing Accounts$110,958$12,318▼ $98,640
Prepaid Expenses and Deferred Charges$7,200$7,200→ $0
Total Assets$948,738$816,593▼ $132,145
Liabilities
Unsecured Notes Loans Payable-$21,732-
Total Liabilities$0$21,732▲ $21,732
Net Assets / Fund Balance
Total Net Assets Fund Balance$948,738$794,861▼ $153,877
Total Liabilities and Net Assets / Fund Balance$948,738$816,593▼ $132,145

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$797,075$106,945$904,020
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nelson P GalindoPresidentFT$30,000$30,000

Board Members and Trustees

NameTitle
Dr Camilo JorgeBoard Member
Jeremy PetersonBoard Member
Dannys E CodySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$63,837
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-153,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,950
Salaries, Compensation, and Employee Benefits$36,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$33,505--$33,505
All Other Expenses$32,633--$32,633
Other Salaries and Wages$22,500$7,500-$30,000
Occupancy$26,970--$26,970
Other Employee Benefits$1,019$3,058-$4,077
Other Expenses$3,307--$3,307
Payroll Taxes$672$2,015-$2,687
Fees for Services Other$1,597--$1,597
Travel$231--$231
Total Functional Expenses$205,141$12,573$0$217,714
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
Nelson P Galindo
Title
President
Signed
2016-08-19
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

Reputation for helping the needy while providing a safe and healthy environment for those rehabilitating from drugs and economic hardship. While a couple of unemployed men have gone into remission of drugs we have been able to help mothers who have children as young as 7 months old. We have also had to evict a couple of women who went into remission. The foundation president stopped drawing a salary last year because there was not sufficient money and he continued to conduct business for the foundation in vernal. To support that effort, the foundation president purchased a house with the intent of moving to vernal to be closer to the foundation's program activities.

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.

Form 990, Part IX, Line 24E

Management fees 3,307 0 0 management fees 3,307 0 0 storage 2,405 0 0 storage 2,405 0 0 storage 2,405 0 0 auto expense 1,925 0 0 auto expense 1,925 0 0 auto expense 1,925 0 0 office expenses 1,503 0 0 office expenses 1,503 0 0 office expenses 1,503 0 0 telephone 946 0 0 telephone 946 0 0 telephone 946 0 0 income tax preparation 833 0 0 income tax preparation 833 0 0 income tax preparation 833 0 0 cleaning / maintenance 519 0 0 cleaning / maintenance 519 0 0 cleaning / maintenance 519 0 0 pest control 448 0 0 pest control 448 0 0 pest control 448 0 0 advertising 61 0 0 advertising 61 0 0 advertising 61 0 0 bank charges 33 0 0 bank charges 33 0 0 bank charges 33 0 0

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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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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/ExplanationTxt1REPUTATION FOR HELPING THE NEEDY WHILE PROVIDING A SAFE AND HEALTHY ENVIRONMENT FOR THOSE REHABILITATING FROM DRUGS AND ECONOMIC HARDSHIP. WHILE A COUPLE OF UNEMPLOYED MEN HAVE GONE INTO REMISSION OF DRUGS WE HAVE BEEN ABLE TO HELP MOTHERS WHO HAVE CHILDREN AS YOUNG AS 7 MONTHS OLD. WE HAVE ALSO HAD TO EVICT A COUPLE OF WOMEN WHO WENT INTO REMISSION. THE FOUNDATION PRESIDENT STOPPED DRAWING A SALARY LAST YEAR BECAUSE THERE WAS NOT SUFFICIENT MONEY AND HE CONTINUED TO CONDUCT BUSINESS FOR THE FOUNDATION IN VERNAL. TO SUPPORT THAT EFFORT, THE FOUNDATION PRESIDENT PURCHASED A HOUSE WITH THE INTENT OF MOVING TO VERNAL TO BE CLOSER TO THE FOUNDATION'S PROGRAM ACTIVITIES.
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/ExplanationTxt6MANAGEMENT FEES 3,307 0 0 MANAGEMENT FEES 3,307 0 0 STORAGE 2,405 0 0 STORAGE 2,405 0 0 STORAGE 2,405 0 0 AUTO EXPENSE 1,925 0 0 AUTO EXPENSE 1,925 0 0 AUTO EXPENSE 1,925 0 0 OFFICE EXPENSES 1,503 0 0 OFFICE EXPENSES 1,503 0 0 OFFICE EXPENSES 1,503 0 0 TELEPHONE 946 0 0 TELEPHONE 946 0 0 TELEPHONE 946 0 0 INCOME TAX PREPARATION 833 0 0 INCOME TAX PREPARATION 833 0 0 INCOME TAX PREPARATION 833 0 0 CLEANING / MAINTENANCE 519 0 0 CLEANING / MAINTENANCE 519 0 0 CLEANING / MAINTENANCE 519 0 0 PEST CONTROL 448 0 0 PEST CONTROL 448 0 0 PEST CONTROL 448 0 0 ADVERTISING 61 0 0 ADVERTISING 61 0 0 ADVERTISING 61 0 0 BANK CHARGES 33 0 0 BANK CHARGES 33 0 0 BANK CHARGES 33 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0948738
IRS990/TotalAssetsEOYAmt0816593
IRS990/TotalAssetsGrp/BOYAmt0948738
IRS990/TotalAssetsGrp/EOYAmt0816593
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012573
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205141
IRS990/TotalFunctionalExpensesGrp/TotalAmt0217714
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt021732
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt021732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0948738
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0794861
IRS990/TotalOtherProgSrvcExpenseAmt0179353
IRS990/TotalProgramServiceExpensesAmt0205141
IRS990/TotalProgramServiceRevenueAmt063837
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt063837
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt063837
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0948738
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0816593
IRS990/TravelGrp/ProgramServicesAmt0231
IRS990/TravelGrp/TotalAmt0231
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt021732
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06475 E PACIFIC COAST HWY 442
IRS990/USAddress/CityNm0LONG BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0908034201
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NELSON P GALINDO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-19
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/PreparationDt02016-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J HERRERA EA
ReturnHeader/ReturnTs02016-08-23T12:33:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-02-01
ReturnHeader/TaxPeriodEndDt02016-01-31
ReturnHeader/TaxYr02015

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