Civic Intelligence

St. Louise Resource Services

990 • Fiscal year 2023 • EIN 81-2922252

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

8535 Florence Avenue 100Downey, CA 90240

(424) 220-6647

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.58x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

35th percentile

-1.9%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$236,718

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

81st percentile

27%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

0.8%

Faster revenue growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,079,147

Up $662,916 (+27%) from 2022

Net Assets

Down

$2,237,362

Down $26,799 (-1.2%) from 2022

Liabilities

Up

$841,785

Up $689,715 (+454%) from 2022

Revenue

Up

$1,447,184

Up $11,524 (+0.8%) from 2022

Expenses

Up

$1,473,983

Up $323,042 (+28%) from 2022

Net Income

Down

-$26,799

Down $311,518 (-109%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2022: $2,416,231Liabilities 2022: $152,070Net Assets 2022: $2,264,1612022Assets 2023: $3,079,147Liabilities 2023: $841,785Net Assets 2023: $2,237,3622023Assets 2024: $2,396,218Liabilities 2024: $207,813Net Assets 2024: $2,188,4052024

Highlighted filing

2023

Assets$3,079,147
Liabilities$841,785
Net Assets$2,237,362

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2022: $1,435,660Expenses 2022: $1,150,941Net Income 2022: $284,7192022Revenue 2023: $1,447,184Expenses 2023: $1,473,983Net Income 2023: -$26,7992023Revenue 2024: $1,558,937Expenses 2024: $1,607,894Net Income 2024: -$48,9572024

Highlighted filing

2023

Revenue$1,447,184
Expenses$1,473,983
Net Income-$26,799
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,447,184
Mission and Program Overview

Mission

Ministry providing access to health and social services

St louise resource services supports and empowers individuals and families to access the resources and health care benefits they need. Guided by catholic social teachings and the service tradition of the daughters of charity, we assist everyone with respect and compassion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,203,500$1,202,888▼ $612
Cash and Non-Interest-Bearing Accounts$1,069,531$1,160,480▲ $90,949
Land, Buildings, and Equipment, Net$129,446$131,124▲ $1,678
Prepaid Expenses and Deferred Charges$6,247$5,034▼ $1,213
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$2,416,231$3,079,147▲ $662,916
Other Assets Total$7,507$579,621▲ $572,114
Liabilities
Other Liabilities$36,713$639,453▲ $602,740
Accounts Payable and Accrued Expenses$115,357$202,332▲ $86,975
Total Liabilities$152,070$841,785▲ $689,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,238,910$2,211,061▼ $27,849
Net Assets With Donor Restrictions$25,251$26,301▲ $1,050
Total Net Assets Fund Balance$2,264,161$2,237,362▼ $26,799
Total Liabilities and Net Assets / Fund Balance$2,416,231$3,079,147▲ $662,916

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$131,124$206,896$338,020
Other Assets Org$572,114--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lydia RamirezExecutive DirectorFT$192,567$55,449$248,016
Sister Margaret Mcdonnell DcBoard Member--$67,182$67,182

Board Members and Trustees

NameTitle
Sister Mary Hale DcChairperson
Sister Lisa Laguna DcVice Chair
Erika Avila-azuenneBoard Member
Mary Lynne KnightenBoard Member
Pedro RamirezBoard Member
Sr Linda Wimer DcBoard Member
Carol Lee ThorpeSecretary/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,436,577
Program Service Revenue
$0
Investment Income
$44
Other Revenue
$10,563
All Other Contributions
$188,858
Change in Net Assets
$-26,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,447,184
Total Revenue per Audited Statements
$1,447,184
Total Revenue per Form 990
$1,447,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$912,743
Other Expenses$561,240
Total Fundraising Expense$25,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$434,246$48,250-$482,496
Fees for Services Other$187,833$46,958$23,890$258,681
Current Officers, Directors, Trustees, and Key Employees$223,214$24,802-$248,016
Other Employee Benefits$103,288$11,476-$114,764
Occupancy$101,290$11,254-$112,544
Payroll Taxes$43,830$4,870-$48,700
Depreciation Depletion$32,580$3,620-$36,200
Office Expenses$21,650$5,413-$27,063
Pension Plan Contributions$16,890$1,877-$18,767
All Other Expenses$13,774$3,391-$17,165
Advertising$5,850$8,775-$14,625
Travel$9,758$4,182-$13,940
Other Expenses$7,509$2,122$1,696$7,509
Insurance$3,083$343-$3,426
Total Functional Expenses$1,259,507$188,890$25,586$1,473,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,473,983
Total Expenses per Audited Statements$1,473,983
Total Expenses per Form 990$1,473,983
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilty Gaap Only$575,059
Refundable Advances$64,394
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 35% controlled entity
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
No
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
No

Governance Explanations

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

The executive director reviews a draft of the tax returns; board also reviews and approves the returns prior to filing.

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

Annually each board member, officer, employee and volunteer of the corporation shall complete a disclosure form identifying any relationships, positions or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest. Any such information regarding the business interests of a board member, officer, employee or volunteer, or a family member thereof, shall be treated as confidential and shall generally be made available only to the board chair, the chief executive officer, and any committee appointed to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of the policy. Annnual completion of the disclosure form does not excuse persons with conflicts of interest or individuals with potential conflicts of interest from disclosing such facts as soon as they become aware that a conflict of interest or potential conflict of interest exists. The organization's conflict of interest policy must be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated to all staff and volunteers.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
St Louise Resource Services
EIN
81-2922252
Phone
4242206647
Address
8535 FLORENCE AVENUE 100, DOWNEY, CA 90240

Signing Officer

Name
Lydia Ramirez
Title
Executive Director
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lydia Ramirez
Formed
2016
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
9

Preparer

Firm
Gilmore & Associates Llp
Address
411 BOREL AVENUE SUITE 501, SAN MATEO, CA 94402
Preparer
Caprice K Wummer CPA
Phone
6504326110
Supplemental Narrative

Additional Explanations

Statement Note 1

ST LOUISE RESOURCE SERVICES (STLRS) IS VOLUNTARILY FILING THIS FEDERAL FORM 990 FOR YEAR ENDED JUNE 30, 2023.STLRS HAS NOT FILED RETURNS IN YEARS PRIOR TO JUNE 30, 2022, BECAUSE IT QUALIFIES AS A RELIGIOUS ORGANIZATION THAT IS AN INTEGRATED AUXILIARY OF A CHURCH. IT MEETS ALL OF THE FOLLOWING REQUIREMENTS: - It is a 501(c)(3) organization organized and operated exclusively for religious, charitable, scientific or educational purposes. - It is affiliated with a church or association of churches. Affiliation includes entities covered by a common group exemption number. STLRS is part of the US Conference of Catholic Bishops in group exemption number 0928 - It is internally supported. An organization is internally supported unless it BOTH sells products/services to the general public AND normally receives more than 50% of its support from a combination of government sources, public solicitation of contributions and receipts from sale of goods/services or furnishing facilities. STLRS does not sell products or services to the general public, so it meets the definition of internally supported. Please note that 82% of the organization's funding for the year ended June 30, 2023 was provided by a related entity, the Daughters of Charity Foundation (FEIN 77-0047181).THE FILING OF THIS RETURN DOES NOT INDICATE THAT PRIOR FEDERAL TAX RETURNS WERE REQUIRED TO BE FILED.

Financial Statement Notes

Part X : FIN48 Footnote

Gaap provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the organization in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Under the general three-year statute of limitations, the organization's returns for years ended 2019, 2020 and 2021 are subject to examination by federal and state taxing authoriizties for three years after they are filed.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. UNDER THE GENERAL THREE-YEAR STATUTE OF LIMITATIONS, THE ORGANIZATION'S RETURNS FOR YEARS ENDED 2019, 2020 AND 2021 ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORIIZTIES FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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