Civic Intelligence

L-O Mission Palms Inc

EIN 86-0693633 • 501(c)2 • Los Angeles, CA

Profile

Acquisition, ownership, and operation of real property in order to maximize the investment return of the public employees retirement system of ohio.

11755 Wilshire Blvd Suite 1350Los Angeles, CA 90025

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

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

$50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.00x

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

$50M-$100M nonprofits • Source year 2024

Net Margin

97th percentile

92%

Higher net margin than 97% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-31%

Faster asset growth than 2% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

0.0%

Faster revenue growth than 30% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$53,413,493

Down $23,866,578 (-31%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$53,413,493

Down $23,866,578 (-31%) from 2023

Revenue

Up

$4,166,435

Up $256 (+0.0%) from 2023

Expenses

Down

$312,756

Down $28,209 (-8.3%) from 2023

Net Income

Up

$3,853,679

Up $28,465 (+0.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $64,495,179Liabilities 2011: $431,865Net Assets 2011: $64,063,3142011Assets 2012: $67,347,918Liabilities 2012: $288,947Net Assets 2012: $67,058,9712012Assets 2013: $68,737,957Liabilities 2013: $373,521Net Assets 2013: $68,364,4362013Assets 2014: $78,506,935Liabilities 2014: $1,946,806Net Assets 2014: $76,560,1292014Assets 2015: $81,959,972Liabilities 2015: $3,419,800Net Assets 2015: $78,540,1722015Assets 2016: $66,047,289Liabilities 2016: $590,125Net Assets 2016: $65,457,1642016Assets 2017: $67,515,227Liabilities 2017: $1,006,915Net Assets 2017: $66,508,3122017Assets 2018: $72,906,772Liabilities 2018: $622,396Net Assets 2018: $72,284,3762018Assets 2019: $72,757,905Liabilities 2019: $934,702Net Assets 2019: $71,823,2032019Assets 2020: $76,332,439Liabilities 2020: $662,838Net Assets 2020: $75,669,6012020Assets 2021: $73,863,196Liabilities 2021: $21,171Net Assets 2021: $73,842,0252021Assets 2022: $76,574,719Liabilities 2022: $21,171Net Assets 2022: $76,553,5482022Assets 2023: $77,280,071Liabilities 2023: $0Net Assets 2023: $77,280,0712023Assets 2024: $53,413,493Liabilities 2024: $0Net Assets 2024: $53,413,4932024

Highlighted filing

2024

Assets$53,413,493
Liabilities$0
Net Assets$53,413,493

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0Revenue 2011: $6,300,183Expenses 2011: $672,782Net Income 2011: $5,627,4012011Revenue 2012: $4,871,670Expenses 2012: $541,681Net Income 2012: $4,329,9892012Revenue 2013: $5,369,236Expenses 2013: $659,460Net Income 2013: $4,709,7762013Revenue 2014: $6,198,998Expenses 2014: $2,174,369Net Income 2014: $4,024,6292014Revenue 2015: $6,680,744Expenses 2015: $1,665,394Net Income 2015: $5,015,3502015Revenue 2016: $9,283,763Expenses 2016: $959,337Net Income 2016: $8,324,4262016Revenue 2017: $5,150,107Expenses 2017: $687,791Net Income 2017: $4,462,3162017Revenue 2018: $5,200,343Expenses 2018: $288,780Net Income 2018: $4,911,5632018Revenue 2019: $5,839,757Expenses 2019: $602,310Net Income 2019: $5,237,4472019Revenue 2020: $4,141,306Expenses 2020: $309,959Net Income 2020: $3,831,3472020Revenue 2021: $4,223,312Expenses 2021: $293,745Net Income 2021: $3,929,5672021Revenue 2022: $4,153,331Expenses 2022: $290,356Net Income 2022: $3,862,9752022Revenue 2023: $4,166,179Expenses 2023: $340,965Net Income 2023: $3,825,2142023Revenue 2024: $4,166,435Expenses 2024: $312,756Net Income 2024: $3,853,6792024

Highlighted filing

2024

Revenue$4,166,435
Expenses$312,756
Net Income$3,853,679

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$53.4$0.00$53.4$4.17$0.31$3.85
2023Detailed filing. Detailed filing data is available for this year.$77.3$0.00$77.3$4.17$0.34$3.83
2022Detailed filing. Detailed filing data is available for this year.$76.6$0.02$76.6$4.15$0.29$3.86
2021Detailed filing. Detailed filing data is available for this year.$73.9$0.02$73.8$4.22$0.29$3.93
2020Detailed filing. Detailed filing data is available for this year.$76.3$0.66$75.7$4.14$0.31$3.83
2019Detailed filing. Detailed filing data is available for this year.$72.8$0.93$71.8$5.84$0.60$5.24
2018Detailed filing. Detailed filing data is available for this year.$72.9$0.62$72.3$5.20$0.29$4.91
2017Detailed filing. Detailed filing data is available for this year.$67.5$1.01$66.5$5.15$0.69$4.46
2016Detailed filing. Detailed filing data is available for this year.$66.0$0.59$65.5$9.28$0.96$8.32
2015Detailed filing. Detailed filing data is available for this year.$82.0$3.42$78.5$6.68$1.67$5.02
2014Summary only. Only limited summary data is available for this year.$78.5$1.95$76.6$6.20$2.17$4.02
2013Summary only. Only limited summary data is available for this year.$68.7$0.37$68.4$5.37$0.66$4.71
2012Summary only. Only limited summary data is available for this year.$67.3$0.29$67.1$4.87$0.54$4.33
2011Summary only. Only limited summary data is available for this year.$64.5$0.43$64.1$6.30$0.67$5.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$4,166,435
Mission and Program Overview

Mission

Acquisition, ownership, and operation of real property in order to maximize the investment return of the public employees retirement system of ohio.

Real estate title holding company

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$60,985,195$36,814,173▼ $24,171,022
Pd in Cap Srpls Land Bldg Eqp Fund$28,444,611$30,944,611▲ $2,500,000
Rtn Earn Endowment Incm Other Fnds$48,835,460$22,468,882▼ $26,366,578
Accounts Receivable$11,591,400$11,879,400▲ $288,000
Cash and Non-Interest-Bearing Accounts$6,360$20,784▲ $14,424
Intangible Assets$669$669→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$77,280,071$53,413,493▼ $23,866,578
Other Assets Total$4,696,447$4,698,467▲ $2,020
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$77,280,071$53,413,493▼ $23,866,578
Total Liabilities and Net Assets / Fund Balance$77,280,071$53,413,493▼ $23,866,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,563,121--
Other Land Buildings$5,251,052--
Land$1,000,000--
Other Assets Org$4,695,890--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher W BollingerVice President
Bradford W HoweChief Executive Officer/ Director
Matthew MasonChief Financial Officer/Director
KERRI A O' NEILLChief Performance Officer/Director
Russell D MunnChief Operating Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Broadshore Capital PartnersManagement Fee11755 WILSHIRE BLVD SUITE 1350, Los Angeles, CA 90025$252,326
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,140,000
Investment Income
$26,435
Other Revenue
$0
Change in Net Assets
$3,853,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,756
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
Fees for Services Management---$252,326
Fees for Services Other---$33,669
Fees for Services Accounting---$26,761
Total Functional Expenses$0$0$0$312,756
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

All officers and directors listed on part vii have a business relationship.

FORM 990, PART VI, SECTION A, LINE 3:

Broadshore capital partners, llc, an unrelated organization, was engaged to perform certain management services in connection with the operation of and for the benefit of l-o mission palms, inc. L-o mission palms, inc. Retains ultimate responsibility for supervising the operations of l-o mission palms, inc. And making policy decisions.

FORM 990, PART VI, SECTION B, LINE 11:

The form 990 was prepared by an independent outside accounting firm. The form 990 was reviewed by the designated officer.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its form 990 available to the public upon request during regular business hours. Additionally, its form 990 can also be found on www.guidestar.org. Other organizational documents, such as governing documents or conflict of interest policies, are not made available to the public at this time.

FORM 990, PART VII:

The officers listed on part vii were compensated by the public employees retirement system of ohio (opers). The organization requested the compensation information from its controlling entity. However, after making a reasonable effort, the filing organization determined that the information was not available at this time.

Filing and Contact Details

Filer

Filer Name
L-o Mission Palms Inc
EIN
86-0693633
In Care Of
% RUSSELL MUNN
Phone
8002614481
Address
11755 WILSHIRE BLVD SUITE 1350, LOS ANGELES, CA 90025

Signing Officer

Name
Russell Munn
Title
COO
Phone
8002614481
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bleecker P Seaman Iii
Formed
1991
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Holthouse Carlin & Van Trigt Llp
Address
3011 TOWNSGATE ROAD SUITE 400, WESTLAKE VILLAGE, CA 91361
Preparer
David Smith
Phone
8053748555
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9, CHANGE IN NET ASSETS:

Contributions 2,500,000 distributions -6,049,235

Form 990 Part IX Line 11G

Description:other professional fees total fees:8669

Form 990 Part IX Line 11G

Description:trustee fees total fees:25000

Financial Statement Notes

PART X, LINE 2:

Financial accounting standards board (fasb) accounting standards codification (asc) income taxes (topic 740) requires the separate account to analyze all open tax years. Open tax years are those that are open for examination by the relevant income taxing authority. As of december 31, 2024, open federal and state income tax years include the tax years ended december 31, 2016, through december 31, 2023.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) INCOME TAXES (TOPIC 740) REQUIRES THE SEPARATE ACCOUNT TO ANALYZE ALL OPEN TAX YEARS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAMINATION BY THE RELEVANT INCOME TAXING AUTHORITY. AS OF DECEMBER 31, 2024, OPEN FEDERAL AND STATE INCOME TAX YEARS INCLUDE THE TAX YEARS ENDED DECEMBER 31, 2016, THROUGH DECEMBER 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OFFICERS AND DIRECTORS LISTED ON PART VII HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BROADSHORE CAPITAL PARTNERS, LLC, AN UNRELATED ORGANIZATION, WAS ENGAGED TO PERFORM CERTAIN MANAGEMENT SERVICES IN CONNECTION WITH THE OPERATION OF AND FOR THE BENEFIT OF L-O MISSION PALMS, INC. L-O MISSION PALMS, INC. RETAINS ULTIMATE RESPONSIBILITY FOR SUPERVISING THE OPERATIONS OF L-O MISSION PALMS, INC. AND MAKING POLICY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY AN INDEPENDENT OUTSIDE ACCOUNTING FIRM. THE FORM 990 WAS REVIEWED BY THE DESIGNATED OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST DURING REGULAR BUSINESS HOURS. ADDITIONALLY, ITS FORM 990 CAN ALSO BE FOUND ON WWW.GUIDESTAR.ORG. OTHER ORGANIZATIONAL DOCUMENTS, SUCH AS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICIES, ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICERS LISTED ON PART VII WERE COMPENSATED BY THE PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO (OPERS). THE ORGANIZATION REQUESTED THE COMPENSATION INFORMATION FROM ITS CONTROLLING ENTITY. HOWEVER, AFTER MAKING A REASONABLE EFFORT, THE FILING ORGANIZATION DETERMINED THAT THE INFORMATION WAS NOT AVAILABLE AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRIBUTIONS 2,500,000 DISTRIBUTIONS -6,049,235
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:8669
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:TRUSTEE FEES TOTAL FEES:25000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9, CHANGE IN NET ASSETS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 11G
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C Corp
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RESORT MANAGE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1RESORT MANAGE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2RESORT MANAGE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0L-O ROSEMONT ACQUISITION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1L-O VAIL HOTEL INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2L-O TEMPE HOTEL INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0L-O WESTHAVEN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1L-O VAIL HOLDING INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt111755 WILSHIRE BLVD STE 1350
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