Civic Intelligence

Dcps Properties

990 • Fiscal year 2019 • EIN 81-2939821

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

Organization ProfileN/A
13570 Eldridge AveSylmar, CA 91342

(818) 897-1044

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$7,207,182

Up $179,580 (+2.6%) from 2018

Net Assets

Down

$902,576

Down $80,589 (-8.2%) from 2018

Liabilities

Up

$6,304,606

Up $260,169 (+4.3%) from 2018

Revenue And Expenses

Revenue

Down

$571,243

Down $1,132 (-0.2%) from 2018

Expenses

Up

$651,832

Up $971 (+0.1%) from 2018

Net Income

Down

-$80,589

Down $2,103 (-2.7%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $1Liabilities 2016: $02016Assets 2017: $7,335,793Liabilities 2017: $6,274,142Net Assets 2017: $1,061,6512017Assets 2018: $7,027,602Liabilities 2018: $6,044,437Net Assets 2018: $983,1652018Assets 2019: $7,207,182Liabilities 2019: $6,304,606Net Assets 2019: $902,5762019Assets 2020: $7,100,160Liabilities 2020: $6,277,838Net Assets 2020: $822,3222020Assets 2021: $6,988,889Liabilities 2021: $5,969,644Net Assets 2021: $1,019,2452021Assets 2022: $6,236,184Liabilities 2022: $6,579,129Net Assets 2022: -$342,9452022Assets 2023: $6,039,620Liabilities 2023: $6,411,200Net Assets 2023: -$371,5802023Assets 2024: $6,344,134Liabilities 2024: $6,237,218Net Assets 2024: $106,9162024Assets 2025: $6,370,269Liabilities 2025: $6,056,967Net Assets 2025: $313,3022025

Highlighted filing

2019

Assets$7,207,182
Liabilities$6,304,606
Net Assets$902,576
Open 2019 Filing

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $281,905Expenses 2017: $390,254Net Income 2017: -$108,3492017Revenue 2018: $572,375Expenses 2018: $650,861Net Income 2018: -$78,4862018Revenue 2019: $571,243Expenses 2019: $651,832Net Income 2019: -$80,5892019Revenue 2020: $562,713Expenses 2020: $652,878Net Income 2020: -$90,1652020Revenue 2021: $836,609Expenses 2021: $647,739Net Income 2021: $188,8702021Revenue 2022: $489,369Expenses 2022: $1,851,559Net Income 2022: -$1,362,1902022Revenue 2023: $403,384Expenses 2023: $432,019Net Income 2023: -$28,6352023Revenue 2024: $904,461Expenses 2024: $425,965Net Income 2024: $478,4962024Revenue 2025: $626,085Expenses 2025: $419,699Net Income 2025: $206,3862025

Highlighted filing

2019

Revenue$571,243
Expenses$651,832
Net Income-$80,589
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.1
Gross Receipts
$571,243
Mission and Program Overview

Mission

To lease property to discovery charter preparatory school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,875,017$6,727,594▼ $147,423
Cash and Non-Interest-Bearing Accounts$22,379$312,578▲ $290,199
Prepaid Expenses and Deferred Charges$130,206$167,010▲ $36,804
Total Assets$7,027,602$7,207,182▲ $179,580
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,004,948$6,028,180▲ $23,232
Accounts Payable and Accrued Expenses$39,489$276,426▲ $236,937
Total Liabilities$6,044,437$6,304,606▲ $260,169
Net Assets / Fund Balance
Unrestricted Net Assets$983,165$902,576▼ $80,589
Total Net Assets Fund Balance$983,165$902,576▼ $80,589
Total Liabilities and Net Assets / Fund Balance$7,027,602$7,207,182▲ $179,580

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,526,594$370,340$5,896,934
Land$1,201,000-$1,201,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin NijjarBoard Chair
Regina RangiSecretary
Kerry BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,262
Other Revenue
$567,981
Change in Net Assets
$-80,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$651,832
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$497,107--$497,107
Depreciation Depletion$147,423--$147,423
Occupancy$5,642--$5,642
Fees for Services Accounting$1,550--$1,550
Office Expenses$110--$110
Total Functional Expenses$651,832$0$0$651,832
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Statewide Communities Development Authority2016-12-01$6,850,000Acquisition, construction, and improvement of educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,850,000--$895,137

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

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

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

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

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existsence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

Form 990, Part VI, Section C, Line 19

“The organization provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dcps Properties
EIN
81-2939821
Phone
8188971044
Address
13570 ELDRIDGE AVE, SYLMAR, CA 91342

Signing Officer

Name
Sheryl Schubert
Title
CFO
Phone
8188971044
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheryl Schubert
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change in the current year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTSENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt07207182
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROPERTY HOLDING
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt013570 ELDRIDGE AVE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061629227
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0EXEMPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt013570 ELDRIDGE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SYLMAR
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091342
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0560679
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DISCOVERY CHARTER PREPARATORY SCHOOL
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IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalProgramServiceExpensesAmt0651832
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IRS990/TotalRevenueGrp/ExclusionAmt03262
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0567981
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0983165
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0902576
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013570 ELDRIDGE AVE
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IRS990/USAddress/ZIPCd091342
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08188971044
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-11
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,207,182
Liabilities
$6,304,606
Net assets
$902,576
Revenue
$571,243
Expenses
$651,832
Net income
-$80,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.37$6.06$0.31$0.63$0.42$0.21
2024Detailed filing. Detailed filing data is available for this year.$6.34$6.24$0.11$0.90$0.43$0.48
2023Detailed filing. Detailed filing data is available for this year.$6.04$6.41$0.37$0.40$0.43$0.03
2022Detailed filing. Detailed filing data is available for this year.$6.24$6.58$0.34$0.49$1.85$1.36
2021Detailed filing. Detailed filing data is available for this year.$6.99$5.97$1.02$0.84$0.65$0.19
2020Detailed filing. Detailed filing data is available for this year.$7.10$6.28$0.82$0.56$0.65$0.09
2019Detailed filing. Detailed filing data is available for this year.$7.21$6.30$0.90$0.57$0.65$0.08
2018Detailed filing. Detailed filing data is available for this year.$7.03$6.04$0.98$0.57$0.65$0.08
2017Detailed filing. Detailed filing data is available for this year.$7.34$6.27$1.06$0.28$0.39$0.11
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00