Civic Intelligence

Dcps Properties

990 • Fiscal year 2021 • EIN 81-2939821

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

13570 Eldridge AveSylmar, CA 91342

(818) 897-1044

Siviq Scores

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

Liabilities / Assets

90th percentile

0.85x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

7.14x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

66th percentile

23%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$128,761

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

20th percentile

-1.6%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

49%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$6,988,889

Down $111,271 (-1.6%) from 2020

Net Assets

Up

$1,019,245

Up $196,923 (+24%) from 2020

Liabilities

Down

$5,969,644

Down $308,194 (-4.9%) from 2020

Revenue

Up

$836,609

Up $273,896 (+49%) from 2020

Expenses

Down

$647,739

Down $5,139 (-0.8%) from 2020

Net Income

Up

$188,870

Up $279,035 (+309%) from 2020

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

2021

Assets$6,988,889
Liabilities$5,969,644
Net Assets$1,019,245

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

2021

Revenue$836,609
Expenses$647,739
Net Income$188,870
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.2
Gross Receipts
$836,609
Mission and Program Overview

Mission

To lease property to discovery charter preparatory school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,580,171$6,432,748▼ $147,423
Savings and Temporary Cash Investments-$298,657-
Prepaid Expenses and Deferred Charges$201,939$230,306▲ $28,367
Cash and Non-Interest-Bearing Accounts$318,050$27,178▼ $290,872
Total Assets$7,100,160$6,988,889▼ $111,271
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,001,412$5,969,644▼ $31,768
Accounts Payable and Accrued Expenses$276,426--
Total Liabilities$6,277,838$5,969,644▼ $308,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$822,322$1,019,245▲ $196,923
Total Net Assets Fund Balance$822,322$1,019,245▲ $196,923
Total Liabilities and Net Assets / Fund Balance$7,100,160$6,988,889▼ $111,271

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,231,748$665,186$5,896,934
Land$1,201,000-$1,201,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sheryl SchubertCFOFT$128,761$128,761

Board Members and Trustees

NameTitle
Kevin NijjarBoard Chair
Regina RangiSecretary
Kerry BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$560,130
Investment Income
$53
Other Revenue
$276,426
Change in Net Assets
$188,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$647,739
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$492,263--$492,263
Depreciation Depletion$147,423--$147,423
Occupancy$5,983--$5,983
Fees for Services Accounting-$1,995-$1,995
Other Expenses$75--$75
Total Functional Expenses$645,744$1,995$0$647,739
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-$105,000$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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization does not have any committees that are authorized to act on behalf of the board.

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
Karen Smith
Title
Principal
Phone
8188971044
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Nijjar
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Mei-li Huang
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

TRANSFER IN 8,053.

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. The organization is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The organization files an exempt organization return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.

Raw XML AppendixShowing 400 of 423 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQUISITION, CONSTRUCTION, AND IMPROVEMENT OF EDUCATIONAL FACILITIES
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt021061
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0895137
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0105000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02018
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt06850000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT ARE AUTHORIZED TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2MONITORING 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/ExplanationTxt3THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER IN 8,053.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0DCPS PROPERTIES
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0812099821
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt06988889
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROPERTY HOLDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0836609
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt013570 ELDRIDGE AVE
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0645744
IRS990/TotalFunctionalExpensesGrp/TotalAmt0647739
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IRS990/TotalOtherCompensationAmt023167
IRS990/TotalProgramServiceExpensesAmt0645744
IRS990/TotalProgramServiceRevenueAmt0560130
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0276479
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0560130
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0836609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
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IRS990/TotReportableCompRltdOrgAmt0105594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum08188971044
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DCPS PROPERTIES

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