Civic Intelligence

Paseo De Luz Inc.

990 • Fiscal year 2019 • EIN 90-0484894

Jan 01, 2019 to Dec 31, 2019 • Filed on May 03, 2020

Organization ProfileN/A
702 County Square DriveVentura, CA 93003

(805) 659-3791

Siviq Scores

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

Liabilities / Assets

96th percentile

1.35x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

47.89x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

2nd percentile

-173%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

23rd percentile

-3.0%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$8,335,229

Down $254,928 (-3.0%) from 2018

Net Assets

Down

-$2,931,207

Down $406,053 (-16%) from 2018

Liabilities

Up

$11,266,436

Up $151,125 (+1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Up

$235,262

Up $32,933 (+16%) from 2018

Expenses

Up

$641,315

Up $69,966 (+12%) from 2018

Net Income

Down

-$406,053

Down $37,033 (-10%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $9,627,181Liabilities 2012: $9,886,360Net Assets 2012: -$259,1792012Assets 2013: $9,688,077Liabilities 2013: $10,311,071Net Assets 2013: -$622,9942013Assets 2014: $9,424,569Liabilities 2014: $10,441,932Net Assets 2014: -$1,017,3632014Assets 2015: $9,199,874Liabilities 2015: $10,609,335Net Assets 2015: -$1,409,4612015Assets 2016: $8,974,015Liabilities 2016: $10,753,761Net Assets 2016: -$1,779,7462016Assets 2017: $8,774,448Liabilities 2017: $10,930,582Net Assets 2017: -$2,156,1342017Assets 2018: $8,590,157Liabilities 2018: $11,115,311Net Assets 2018: -$2,525,1542018Assets 2019: $8,335,229Liabilities 2019: $11,266,436Net Assets 2019: -$2,931,2072019Assets 2020: $8,188,618Liabilities 2020: $11,411,899Net Assets 2020: -$3,223,2812020Assets 2021: $7,991,933Liabilities 2021: $11,587,839Net Assets 2021: -$3,595,9062021Assets 2022: $7,826,458Liabilities 2022: $11,778,574Net Assets 2022: -$3,952,1162022Assets 2023: $7,655,863Liabilities 2023: $11,935,951Net Assets 2023: -$4,280,0882023Assets 2024: $7,512,459Liabilities 2024: $12,097,796Net Assets 2024: -$4,585,3372024

Highlighted filing

2019

Assets$8,335,229
Liabilities$11,266,436
Net Assets-$2,931,207
Open 2019 Filing

Operations Trend

Revenue Growth74th percentile

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

$1.0M$500K$0-$500KExpenses 2012: $359,4022012Revenue 2013: $180,284Expenses 2013: $544,099Net Income 2013: -$363,8152013Revenue 2014: $174,141Expenses 2014: $568,510Net Income 2014: -$394,3692014Revenue 2015: $189,179Expenses 2015: $581,277Net Income 2015: -$392,0982015Revenue 2016: $188,183Expenses 2016: $558,468Net Income 2016: -$370,2852016Revenue 2017: $194,559Expenses 2017: $570,947Net Income 2017: -$376,3882017Revenue 2018: $202,329Expenses 2018: $571,349Net Income 2018: -$369,0202018Revenue 2019: $235,262Expenses 2019: $641,315Net Income 2019: -$406,0532019Revenue 2020: $288,704Expenses 2020: $580,778Net Income 2020: -$292,0742020Revenue 2021: $228,271Expenses 2021: $600,896Net Income 2021: -$372,6252021Revenue 2022: $248,303Expenses 2022: $604,513Net Income 2022: -$356,2102022Revenue 2023: $305,399Expenses 2023: $633,371Net Income 2023: -$327,9722023Revenue 2024: $316,257Expenses 2024: $621,506Net Income 2024: -$305,2492024

Highlighted filing

2019

Revenue$235,262
Expenses$641,315
Net Income-$406,053
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 3, 2020
Return Version
2019v5.1
Gross Receipts
$235,262
Mission and Program Overview

Mission

To provide affordable housing for families with low and moderate household income levels, as well as households where individuals are affected by mental illness reside. In addition, specific units are set-aside for a target population of homeless or at-risk of becoming homeless indivduals and families where behavioral health issues are present.

See schedule oto provide affordable housing for families with low and moderate household income levels, as well as households where individuals are affected by mental illness reside. In addition, specific units are set-aside for a target population of homeless or at-risk of becoming homeless indivduals and families where behavioral health issues are present.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,768,954$7,561,594▼ $207,360
Investments Program Related$550,211$550,150▼ $61
Intangible Assets$208,753$199,786▼ $8,967
Cash and Non-Interest-Bearing Accounts$4,394$18,122▲ $13,728
Accounts Receivable$57,845$5,577▼ $52,268
Total Assets$8,590,157$8,335,229▼ $254,928
Liabilities
Other Liabilities$11,063,341$11,230,246▲ $166,905
Accounts Payable and Accrued Expenses$51,255$35,917▼ $15,338
Deferred Revenue$715$273▼ $442
Total Liabilities$11,115,311$11,266,436▲ $151,125
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,525,154$-2,931,207▼ $406,053
Total Net Assets Fund Balance$-2,525,154$-2,931,207▼ $406,053
Total Liabilities and Net Assets / Fund Balance$8,590,157$8,335,229▼ $254,928

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,004,162$1,587,492$7,591,654
Land$1,553,567-$1,553,567
Other Land Buildings$3,865$32,126$35,991
Investment Program Related Org$5,328--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
David SabedraPresident
Margarita H De EscontriasDirector
Aiza GaldoSecretary
Maria Hernandez-alaminTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$204,928
Investment Income
$4,486
Other Revenue
$25,848
Change in Net Assets
$-406,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$235,262
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$235,262
Total Revenue per Form 990
$235,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$584,968
Salaries, Compensation, and Employee Benefits$56,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$216,327--$216,327
Interest$182,505--$182,505
All Other Expenses$45,811--$45,811
Other Salaries and Wages$39,188--$39,188
Fees for Services Management-$19,446-$19,446
Other Expenses$18,547--$18,547
Other Employee Benefits$11,629--$11,629
Office Expenses$6,007$668-$6,675
Insurance$6,355--$6,355
Payroll Taxes$4,855--$4,855
Fees for Services Legal$4,191--$4,191
Pension Plan Contributions$675--$675
Advertising$366--$366
Fees for Services Accounting$203--$203
Conferences and Meetings$89--$89
Total Functional Expenses$621,201$20,114$0$641,315

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$641,315
Total Expenses per Audited Statements$641,315
Total Expenses per Form 990$641,315
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Other Reported Liabilities

LiabilityAmount
Note Payable - Hud/capital Advance$3,599,100
Note Payable - Hcd Loan$3,587,515
Note Payable - Calhfa-mhsa Loan$2,496,000
Accrued Interest Payable$1,541,778
Tenant Security Deposits Payable$5,853
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Paseo de luz, inc. Is a single-asset entity, affiliated with cabrillo economic development corporation, which is a 501(c)(3) nonprofit public benefit corporation. Both boards of directors are comprised of several of the same people. The employees of cabrillo economic development corporation are involved with the day-to-day operation of paseo de luz, inc.”

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

“The form 990 goes through the governing body for review prior to filing. The board then votes to approve as final and file the form 990 accordingly.”

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

“The organization monitors its conflict of interest policy through an annual update and review process.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Paseo De Luz Inc
EIN
90-0484894
Phone
8056593791
Address
702 COUNTY SQUARE DRIVE, VENTURA, CA 93003

Signing Officer

Name
Victoria Brady
Title
CFO
Phone
8056593791
Signed
2020-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victoria Brady
Formed
2009
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Keller and Associates Llp
Address
18645 SHERMAN WAY SUITE 110, RESEDA, CA 91335
Preparer
David Keller
Phone
8183833079
Raw XML AppendixShowing 400 of 457 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt051255
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt035917
IRS990/AccountsReceivableGrp/BOYAmt057845
IRS990/AccountsReceivableGrp/EOYAmt05577
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE OTO PROVIDE AFFORDABLE HOUSING FOR FAMILIES WITH LOW AND MODERATE HOUSEHOLD INCOME LEVELS, AS WELL AS HOUSEHOLDS WHERE INDIVIDUALS ARE AFFECTED BY MENTAL ILLNESS RESIDE. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT.
IRS990/AdvertisingGrp/ProgramServicesAmt0366
IRS990/AdvertisingGrp/TotalAmt0366
IRS990/AllOtherExpensesGrp/ProgramServicesAmt045811
IRS990/AllOtherExpensesGrp/TotalAmt045811
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PASEO DE LUZ INC
IRS990/BooksInCareOfDetail/PhoneNum08056593791
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0702 COUNTY SQAURE DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0VENTURA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd093003
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04394
IRS990/CashNonInterestBearingGrp/EOYAmt018122
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt089
IRS990/ConferencesMeetingsGrp/TotalAmt089
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04486
IRS990/CYOtherExpensesAmt0584968
IRS990/CYOtherRevenueAmt025848
IRS990/CYProgramServiceRevenueAmt0204928
IRS990/CYRevenuesLessExpensesAmt0-406053
IRS990/CYSalariesCompEmpBnftPaidAmt056347
IRS990/CYTotalExpensesAmt0641315
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0235262
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0715
IRS990/DeferredRevenueGrp/EOYAmt0273
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0216327
IRS990/DepreciationDepletionGrp/TotalAmt0216327
IRS990/Desc0THE PURPOSE OF PASEO DE LUZ, INC. IS TO PROVIDE RENTAL HOUSING AFFORDABLE TO LOW AND MODERATE INCOME HOUSEHOLDS AND PERSONS SUFFERING FROM MENTAL ILLNESS. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT. VENTURA COUNTY BEHAVIORAL HEALTH (VCBH) ASSISTS IN OCCUPANCY OF THESE SET-ASIDE UNITS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0621201
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0203
IRS990/FeesForServicesAccountingGrp/TotalAmt0203
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04191
IRS990/FeesForServicesLegalGrp/TotalAmt04191
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt019446
IRS990/FeesForServicesManagementGrp/TotalAmt019446
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID SABEDRA
IRS990/Form990PartVIISectionAGrp/PersonNm1AIZA GALDO
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIA HERNANDEZ-ALAMIN
IRS990/Form990PartVIISectionAGrp/PersonNm3MARGARITA H DE ESCONTRIAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0235262
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt06355
IRS990/InsuranceGrp/TotalAmt06355
IRS990/IntangibleAssetsGrp/BOYAmt0208753
IRS990/IntangibleAssetsGrp/EOYAmt0199786
IRS990/InterestGrp/ProgramServicesAmt0182505
IRS990/InterestGrp/TotalAmt0182505
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04486
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04486
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0550211
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0550150
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01619618
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07768954
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07561594
IRS990/LandBldgEquipCostOrOtherBssAmt09181212
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING FOR FAMILIES WITH LOW AND MODERATE HOUSEHOLD INCOME LEVELS, AS WELL AS HOUSEHOLDS WHERE INDIVIDUALS ARE AFFECTED BY MENTAL ILLNESS RESIDE. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-2525154
IRS990/NetAssetsOrFundBalancesEOYAmt0-2931207
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2525154
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2931207
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0668
IRS990/OfficeExpensesGrp/ProgramServicesAmt06007
IRS990/OfficeExpensesGrp/TotalAmt06675
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011629
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011629
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1JANITORIAL AND REPAIRS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS EXPENSE
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt044228
IRS990/OtherExpensesGrp/ProgramServicesAmt120118
IRS990/OtherExpensesGrp/ProgramServicesAmt220107
IRS990/OtherExpensesGrp/ProgramServicesAmt318547
IRS990/OtherExpensesGrp/TotalAmt044228
IRS990/OtherExpensesGrp/TotalAmt120118
IRS990/OtherExpensesGrp/TotalAmt220107
IRS990/OtherExpensesGrp/TotalAmt318547
IRS990/OtherLiabilitiesGrp/BOYAmt011063341
IRS990/OtherLiabilitiesGrp/EOYAmt011230246
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025848
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025848
IRS990/OtherRevenueTotalAmt025848
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039188
IRS990/OtherSalariesAndWagesGrp/TotalAmt039188
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04855
IRS990/PayrollTaxesGrp/TotalAmt04855
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0675
IRS990/PensionPlanContributionsGrp/TotalAmt0675
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0VICTORIA BRADY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0204928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0204928
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03419
IRS990/PYOtherExpensesAmt0523152
IRS990/PYOtherRevenueAmt0183
IRS990/PYProgramServiceRevenueAmt0198727
IRS990/PYRevenuesLessExpensesAmt0-369020
IRS990/PYSalariesCompEmpBnftPaidAmt048197
IRS990/PYTotalExpensesAmt0571349
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0202329
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-406053
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0235262
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04486
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03419
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03683
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0314
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0314
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0230776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0198910
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0190876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0187869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0188865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0997296
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04486
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0314
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0314
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012216
IRS990ScheduleA/InvestmentIncomeCYPct00.01210
IRS990ScheduleA/InvestmentIncomePYPct00.00910
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98790
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt0997296
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0230776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0198910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0190876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0187869
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0188865
IRS990ScheduleA/Total509Grp/TotalAmt0997296
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0235262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0202329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0194559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0188183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0189179
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01009512
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06004162
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01587492
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07591654
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0641315
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0167845
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt19998
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt210072
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3151262
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4205645
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt55328
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0COSRA RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2EXECUTIVE AMENITIES ESCROW
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3REPLACEMENT RESERVE ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4RESIDENT SERVICES COORDINATOR ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5TENTANT SECURITY DEPOSITS ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/LandGrp/BookValueAmt01553567
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01553567
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03865
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032126
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01541778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12496000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23587515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33599100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt45853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - CALHFA-MHSA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE - HCD LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NOTE PAYABLE - HUD/CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0235262
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07561594
IRS990ScheduleD/TotalBookValueProgramRltdAmt0550150
IRS990ScheduleD/TotalExpensesPerForm990Amt0641315
IRS990ScheduleD/TotalLiabilityAmt011230246
IRS990ScheduleD/TotalRevenuePerForm990Amt0235262
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0235262
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0641315
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PASEO DE LUZ, INC. IS A SINGLE-ASSET ENTITY, AFFILIATED WITH CABRILLO ECONOMIC DEVELOPMENT CORPORATION, WHICH IS A 501(C)(3) NONPROFIT PUBLIC BENEFIT CORPORATION. BOTH BOARDS OF DIRECTORS ARE COMPRISED OF SEVERAL OF THE SAME PEOPLE. THE EMPLOYEES OF CABRILLO ECONOMIC DEVELOPMENT CORPORATION ARE INVOLVED WITH THE DAY-TO-DAY OPERATION OF PASEO DE LUZ, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 GOES THROUGH THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. THE BOARD THEN VOTES TO APPROVE AS FINAL AND FILE THE FORM 990 ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL UPDATE AND REVIEW PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CABRILLO ECONOMIC DEVELOPMENT CORPORATION (CEDC)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0953681521
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMENT AND MANAGEMENT OF LOW-INCOME REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0VALID
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0702 COUNTY SQUARE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0VENTURA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd093003
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt019446
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COSTS INCURRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CEDC PROPERTY MANAGEMENT RELATED SERVICES ARE ADMINISTERED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CEDC - VARIOUS OPERATIONAL ACTIVITIES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08590157
IRS990/TotalAssetsEOYAmt08335229
IRS990/TotalAssetsGrp/BOYAmt08590157
IRS990/TotalAssetsGrp/EOYAmt08335229
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020114
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0621201
IRS990/TotalFunctionalExpensesGrp/TotalAmt0641315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011115311
IRS990/TotalLiabilitiesEOYAmt011266436
IRS990/TotalLiabilitiesGrp/BOYAmt011115311
IRS990/TotalLiabilitiesGrp/EOYAmt011266436
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2525154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2931207

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$8,335,229
Liabilities
$11,266,436
Net assets
-$2,931,207
Revenue
$235,262
Expenses
$641,315
Net income
-$406,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.51$12.1$4.59$0.32$0.62$0.31
2023Detailed filing. Detailed filing data is available for this year.$7.66$11.9$4.28$0.31$0.63$0.33
2022Detailed filing. Detailed filing data is available for this year.$7.83$11.8$3.95$0.25$0.60$0.36
2021Detailed filing. Detailed filing data is available for this year.$7.99$11.6$3.60$0.23$0.60$0.37
2020Detailed filing. Detailed filing data is available for this year.$8.19$11.4$3.22$0.29$0.58$0.29
2019Detailed filing. Detailed filing data is available for this year.$8.34$11.3$2.93$0.24$0.64$0.41
2018Detailed filing. Detailed filing data is available for this year.$8.59$11.1$2.53$0.20$0.57$0.37
2017Detailed filing. Detailed filing data is available for this year.$8.77$10.9$2.16$0.19$0.57$0.38
2016Detailed filing. Detailed filing data is available for this year.$8.97$10.8$1.78$0.19$0.56$0.37
2015Detailed filing. Detailed filing data is available for this year.$9.20$10.6$1.41$0.19$0.58$0.39
2014Detailed filing. Detailed filing data is available for this year.$9.42$10.4$1.02$0.17$0.57$0.39
2013Detailed filing. Detailed filing data is available for this year.$9.69$10.3$0.62$0.18$0.54$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.63$9.89$0.26$0.36