Civic Intelligence

Pasatiempo Property Owners Incorporated

EIN 94-1133139 • 501(c)4 • Soquel, CA

Profile

The purpose of the Organization is to maintain, repair and replace private roads to permit public access.

2425 Porter Street Suite 15Soquel, CA 95073

n/A

Siviq Scores

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

Liabilities / Assets

88th percentile

0.57x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.80x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

50th percentile

8.5%

Higher net margin than 50% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-3.9%

Faster asset growth than 23% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

17%

Faster revenue growth than 63% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,401,843

Down $57,041 (-3.9%) from 2023

Liabilities

Down

$798,891

Down $231,545 (-22%) from 2023

Net Assets

Up

$602,952

Up $174,504 (+41%) from 2023

Revenue

Up

$997,432

Up $141,616 (+17%) from 2023

Expenses

Up

$912,189

Up $104,920 (+13%) from 2023

Net Income

Up

$85,243

Up $36,696 (+76%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $903,398Liabilities 2011: $36,556Net Assets 2011: $866,8422011Assets 2012: $830,373Liabilities 2012: $18,092Net Assets 2012: $812,2812012Assets 2013: $808,538Liabilities 2013: $28,329Net Assets 2013: $780,2092013Assets 2014: $891,033Liabilities 2014: $17,102Net Assets 2014: $873,9312014Assets 2016: $1,002,755Liabilities 2016: $25,964Net Assets 2016: $976,7912016Assets 2017: $1,050,678Liabilities 2017: $25,609Net Assets 2017: $1,025,0692017Assets 2018: $1,153,343Liabilities 2018: $26,429Net Assets 2018: $1,126,9142018Assets 2019: $1,306,357Liabilities 2019: $45,347Net Assets 2019: $1,261,0102019Assets 2020: $1,080,316Liabilities 2020: $63,370Net Assets 2020: $1,016,9462020Assets 2021: $1,156,438Liabilities 2021: $22,116Net Assets 2021: $1,134,3222021Assets 2022: $1,346,540Liabilities 2022: $1,143,858Net Assets 2022: $202,6822022Assets 2023: $1,458,884Liabilities 2023: $1,030,436Net Assets 2023: $428,4482023Assets 2024: $1,401,843Liabilities 2024: $798,891Net Assets 2024: $602,9522024

Highlighted filing

2024

Assets$1,401,843
Liabilities$798,891
Net Assets$602,952

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $416,171Expenses 2011: $370,732Net Income 2011: $45,4392011Revenue 2012: $399,059Expenses 2012: $453,620Net Income 2012: -$54,5612012Revenue 2013: $406,133Expenses 2013: $438,205Net Income 2013: -$32,0722013Revenue 2014: $413,008Expenses 2014: $319,287Net Income 2014: $93,7212014Revenue 2016: $450,782Expenses 2016: $448,482Net Income 2016: $2,3002016Revenue 2017: $479,534Expenses 2017: $431,256Net Income 2017: $48,2782017Revenue 2018: $568,061Expenses 2018: $466,216Net Income 2018: $101,8452018Revenue 2019: $595,318Expenses 2019: $461,222Net Income 2019: $134,0962019Revenue 2020: $684,080Expenses 2020: $928,094Net Income 2020: -$244,0142020Revenue 2021: $815,815Expenses 2021: $698,439Net Income 2021: $117,3762021Revenue 2022: $701,684Expenses 2022: $641,061Net Income 2022: $60,6232022Revenue 2023: $855,816Expenses 2023: $807,269Net Income 2023: $48,5472023Revenue 2024: $997,432Expenses 2024: $912,189Net Income 2024: $85,2432024

Highlighted filing

2024

Revenue$997,432
Expenses$912,189
Net Income$85,243

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 19, 2025
Return Version
2024v5.2
Gross Receipts
$997,432
Mission and Program Overview

Mission

To maintain, repair, and replace private roads that permit public access.

The purpose of the Organization is to maintain, repair and replace private roads to permit public access.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,080,602$880,419▼ $200,183
Savings and Temporary Cash Investments$255,064$265,746▲ $10,682
Accounts Receivable$113,291$243,865▲ $130,574
Prepaid Expenses and Deferred Charges$9,927$11,813▲ $1,886
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,458,884$1,401,843▼ $57,041
Other Assets Total-$0-
Liabilities
Other Liabilities$910,713$776,987▼ $133,726
Accounts Payable and Accrued Expenses$117,774$21,489▼ $96,285
Deferred Revenue$1,949$415▼ $1,534
Total Liabilities$1,030,436$798,891▼ $231,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$428,448$602,952▲ $174,504
Total Net Assets Fund Balance$428,448$602,952▲ $174,504
Total Liabilities and Net Assets / Fund Balance$1,458,884$1,401,843▼ $57,041
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark CaseyPresident
Kully MandonVice President
Janie HansonDirector
Joellen PelzSecretary
Linda NicholsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$896,433
Program Service Revenue
$0
Investment Income
$26,793
Other Revenue
$74,206
Change in Net Assets
$85,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$912,189
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
All Other Expenses$116,797$2,106-$118,903
Fees for Services Management-$51,354-$51,354
Other Expenses$44,230$66,797-$44,230
Office Expenses-$29,613-$29,613
Insurance-$25,976-$25,976
Total Functional Expenses$736,343$175,846$0$912,189
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
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
contract liability-replacement reserve$770,406
Deposits$4,475
State income tax payable$2,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
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

Management company performs monthly accounting and other general property management functions.

Form 990, Part VI, Section A, Line 6

A person becomes a member in the Organization upon the purchase of a unit subject to the CC&Rs of the Organization.

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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Pasatiempo Property Owners Incorporated
EIN
94-1133139
Phone
8314759100
Address
2425 Porter Street Suite 15, Soquel, CA 95073

Signing Officer

Name
Mark Casey
Title
President
Signed
2025-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Nicholson
Formed
1951
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Levy Erlanger Advisors LLC
Address
100 Montgomery St Ste 715, San Francisco, CA 94104
Preparer
William S Erlanger
Phone
4159819350
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Bad debt expense: Column (A) - Total = $-6000; Column (B) - Program Services = $-6000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Gates: Column (A) - Total = $43112; Column (B) - Program Services = $43112; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Other facilities maintenance: Column (A) - Total = $21613; Column (B) - Program Services = $21613; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Payroll, taxes and benefits: Column (A) - Total = $14199; Column (B) - Program Services = $14199; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Pool and spa: Column (A) - Total = $43873; Column (B) - Program Services = $43873; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Reserve study: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

State income tax: Column (A) - Total = $2106; Column (B) - Program Services = $0; Column (C) - Management & General = $2106; Column (D) - Fundraising = $0

Form 990, Part XI, Line 9

transfer from replacement fund = $89261

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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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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0770406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0contract liability-replacement reserve
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2State income tax payable
IRS990ScheduleD/TotalLiabilityAmt0776987
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management company performs monthly accounting and other general property management functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A person becomes a member in the Organization upon the purchase of a unit subject to the CC&Rs of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bad debt expense: Column (A) - Total = $-6000; Column (B) - Program Services = $-6000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Gates: Column (A) - Total = $43112; Column (B) - Program Services = $43112; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other facilities maintenance: Column (A) - Total = $21613; Column (B) - Program Services = $21613; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payroll, taxes and benefits: Column (A) - Total = $14199; Column (B) - Program Services = $14199; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Pool and spa: Column (A) - Total = $43873; Column (B) - Program Services = $43873; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Reserve study: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10State income tax: Column (A) - Total = $2106; Column (B) - Program Services = $0; Column (C) - Management & General = $2106; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11transfer from replacement fund = $89261
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01458884
IRS990/TotalAssetsEOYAmt01401843
IRS990/TotalAssetsGrp/BOYAmt01458884
IRS990/TotalAssetsGrp/EOYAmt01401843
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0896433
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175846
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0736343
IRS990/TotalFunctionalExpensesGrp/TotalAmt0912189
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01030436
IRS990/TotalLiabilitiesEOYAmt0798891
IRS990/TotalLiabilitiesGrp/BOYAmt01030436
IRS990/TotalLiabilitiesGrp/EOYAmt0798891
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0428448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0602952
IRS990/TotalProgramServiceExpensesAmt0736343
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026793
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt074206
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0997432
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01458884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01401843
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02425 Porter Street Suite 15
IRS990/USAddress/CityNm0Soquel
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095073
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Casey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pasatiempo Property Owners Incorporated
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0co King Management
ReturnHeader/Filer/BusinessNameControlTxt0PASA
ReturnHeader/Filer/EIN0941133139
ReturnHeader/Filer/PhoneNum08314759100
ReturnHeader/Filer/USAddress/AddressLine1Txt02425 Porter Street Suite 15
ReturnHeader/Filer/USAddress/CityNm0Soquel
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095073
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331954136
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Levy Erlanger Advisors LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Montgomery St Ste 715
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Francisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094104
ReturnHeader/PreparerPersonGrp/PhoneNum04159819350
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William S Erlanger
ReturnHeader/ReturnTs02025-07-19T08:25:23-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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