Civic Intelligence

Ocean View Foundation DBA Ocean View Plaza

990 • Fiscal year 2018 • EIN 94-1665936

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 27, 2019

Organization ProfileWWW.LESLEYFOUNDATION.ORG
701 Arnold WayHalf Moon Bay, CA 94019

(650) 726-4888

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

10.32x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

16th percentile

-13%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$179,108

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

24th percentile

-4.1%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$9,474,838

Down $405,353 (-4.1%) from 2017

Net Assets

Down

-$143,068

Down $121,844 (-574%) from 2017

Liabilities

Down

$9,617,906

Down $283,509 (-2.9%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin16th percentile

Revenue

Up

$931,675

Up $103,990 (+13%) from 2017

Expenses

Down

$1,053,519

Down $51,801 (-4.7%) from 2017

Net Income

Up

-$121,844

Up $155,791 (+56%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $518,389Liabilities 2010: $178,453Net Assets 2010: $339,9362010Assets 2011: $516,241Liabilities 2011: $168,604Net Assets 2011: $347,6372011Assets 2012: $518,642Liabilities 2012: $181,119Net Assets 2012: $337,5232012Assets 2013: $484,924Liabilities 2013: $218,001Net Assets 2013: $266,9232013Assets 2014: $707,472Liabilities 2014: $454,091Net Assets 2014: $253,3812014Assets 2015: $2,399,053Liabilities 2015: $2,230,112Net Assets 2015: $168,9412015Assets 2016: $7,597,541Liabilities 2016: $7,519,939Net Assets 2016: $77,6022016Assets 2017: $9,880,191Liabilities 2017: $9,901,415Net Assets 2017: -$21,2242017Assets 2018: $9,474,838Liabilities 2018: $9,617,906Net Assets 2018: -$143,0682018Assets 2019: $9,117,799Liabilities 2019: $9,452,591Net Assets 2019: -$334,7922019Assets 2020: $8,890,007Liabilities 2020: $9,304,145Net Assets 2020: -$414,1382020Assets 2021: $8,971,988Liabilities 2021: $9,211,371Net Assets 2021: -$239,3832021Assets 2022: $8,865,948Liabilities 2022: $8,964,038Net Assets 2022: -$98,0902022Assets 2023: $8,749,091Liabilities 2023: $8,711,127Net Assets 2023: $37,9642023Assets 2024: $8,512,549Liabilities 2024: $8,292,323Net Assets 2024: $220,2262024

Highlighted filing

2018

Assets$9,474,838
Liabilities$9,617,906
Net Assets-$143,068
Open 2018 Filing

Operations Trend

Revenue Growth68th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $276,354Expenses 2010: $224,098Net Income 2010: $52,2562010Revenue 2011: $277,386Expenses 2011: $269,685Net Income 2011: $7,7012011Revenue 2012: $289,552Expenses 2012: $299,666Net Income 2012: -$10,1142012Revenue 2013: $289,420Expenses 2013: $360,020Net Income 2013: -$70,6002013Revenue 2014: $304,212Expenses 2014: $317,754Net Income 2014: -$13,5422014Revenue 2015: $288,451Expenses 2015: $372,891Net Income 2015: -$84,4402015Revenue 2016: $248,259Expenses 2016: $339,598Net Income 2016: -$91,3392016Revenue 2017: $827,685Expenses 2017: $1,105,320Net Income 2017: -$277,6352017Revenue 2018: $931,675Expenses 2018: $1,053,519Net Income 2018: -$121,8442018Revenue 2019: $936,293Expenses 2019: $1,128,017Net Income 2019: -$191,7242019Revenue 2020: $1,061,719Expenses 2020: $1,141,065Net Income 2020: -$79,3462020Revenue 2021: $1,379,588Expenses 2021: $1,204,833Net Income 2021: $174,7552021Revenue 2022: $1,412,276Expenses 2022: $1,270,983Net Income 2022: $141,2932022Revenue 2023: $1,457,282Expenses 2023: $1,321,228Net Income 2023: $136,0542023Revenue 2024: $1,481,415Expenses 2024: $1,299,153Net Income 2024: $182,2622024

Highlighted filing

2018

Revenue$931,675
Expenses$1,053,519
Net Income-$121,844
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 27, 2019
Return Version
2018v3.1
Gross Receipts
$931,675
Mission and Program Overview

Mission

The organization's mission is to provide quality, affordable housing for senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,255,285$8,990,286▼ $264,999
Cash and Non-Interest-Bearing Accounts$140,049$180,845▲ $40,796
Prepaid Expenses and Deferred Charges$40,036$55,938▲ $15,902
Accounts Receivable$13,620$360▼ $13,260
Savings and Temporary Cash Investments-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$9,880,191$9,474,838▼ $405,353
Other Assets Total$431,201$247,409▼ $183,792
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,468,380$8,383,719▼ $84,661
Other Liabilities$1,181,302$1,128,088▼ $53,214
Accounts Payable and Accrued Expenses$251,733$106,099▼ $145,634
Total Liabilities$9,901,415$9,617,906▼ $283,509
Net Assets / Fund Balance
Unrestricted Net Assets$-21,224$-143,068▼ $121,844
Total Net Assets Fund Balance$-21,224$-143,068▼ $121,844
Total Liabilities and Net Assets / Fund Balance$9,880,191$9,474,838▼ $405,353

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,932,213$821,928$9,754,141
Land$51,465-$51,465
Equipment$6,608$601$7,209
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Sue WinksPresident
George MetropulosVice President
Catherine EvansExecutive Director
Barbara EversMember
Michael KimMember
Naomi PatridgeMember
Tony VillanuevaMember
Linda AvelarSecretary
Sandy CouncilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$928,628
Investment Income
$2,473
Other Revenue
$574
Change in Net Assets
$-121,844

Audited Revenue Reconciliation

Revenue per Audited Statements
$931,675
Revenue Not Reported on Form 990
$6,960
Total Revenue per Audited Statements
$938,635
Total Revenue per Form 990
$931,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$929,449
Salaries, Compensation, and Employee Benefits$124,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$353,180--$353,180
Depreciation Depletion$235,877--$235,877
Occupancy$88,870--$88,870
Other Salaries and Wages$36,763$48,093-$84,856
Insurance$36,053--$36,053
Fees for Services Management-$33,000-$33,000
Other Employee Benefits$14,174$18,514-$32,688
All Other Expenses$24,987$4,165-$29,152
Office Expenses-$19,840-$19,840
Fees for Services Accounting-$16,775-$16,775
Other Expenses$15,411--$15,411
Payroll Taxes$2,806$3,720-$6,526
Fees for Services Other-$1,765-$1,765
Fees for Services Legal-$44-$44
Total Functional Expenses$907,603$145,916$0$1,053,519

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,060,479
Expenses per Audited Statements$1,053,519
Total Expenses per Form 990$1,053,519
Expenses Not Reported on Form 990$6,960
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
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
Related Party Note$1,048,398
Related Party Note Accrued Interest$57,321
Tenant Security Deposits$22,369
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

“A draft of the form is distributed to the board of directors for approval prior to submission.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Organization receives signed document from members that certifies no conflicts of interest occurred.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The Organization has a policy that requires the analysis of compensation of the Executive Director on at least an annual basis. The salary shall be compared to equivalent organizations based on mission, budget size, job description and demands, or other factors specified by the Board of Directors. Based on the analysis, the Board shall conclude on whether the Executive Director's compensation is appropriate. Such analysis shall be documented and filed in the Corporation's records.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The financial statements, governing documents, and policies are all available upon request.”

Filing and Contact Details

Filer

Filer Name
Ocean View Foundation
EIN
94-1665936
Phone
6507264888
Address
701 ARNOLD WAY, HALF MOON BAY, CA 94019

Signing Officer

Name
Catherine Evans
Title
Executive Director
Signed
2019-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Evans
Formed
1968
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Doran & Associates
Address
55 MITCHELL BOULEVARD STE 3, SAN RAFAEL, CA 94903
Preparer
Lisa Doran CPA
Phone
4154911130
Supplemental Narrative

Additional Explanations

PART I, LINE 5, Part V, Lines 1 & 2, & PART IX, LINES 7, 9, 10

“THE OCEAN VIEW FOUNDATION UTILIZES THE contractors and STAFF OF A RELATED PARTY, THE LESLEY FOUNDATION. ON AN ONGOING BASIS, THE OCEAN VIEW FOUNDATION REIMBURSES THE LESLEY FOUNDATION FOR contractor payments and staff PAYROLL AND BENEFIT COSTS. ALL REQUIRED PAYROLL TAX REMITTANCE AND REPORTING IS PERFORMED BY THE LESLEY FOUNDATION.”

Financial Statement Notes

Part X : FIN48 Footnote

“ASC 740-10, Accounting for Uncertainty in Income Taxes - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Corporation to report information regarding its exposure to various tax positions taken by the Corporation. The Corporation has determined whether any tax positions have met the recognition threshold and has measured the Corporation's exposure to those tax positions. Management believes that the Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed (four years for California). Any interest or penalties assessed to the Corporation are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.”

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IRS990/LandBldgEquipCostOrOtherBssAmt09812815
IRS990/LegalDomicileStateCd0CA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE QUALITY, AFFORDABLE HOUSING FOR SENIOR CITIZENS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08468380
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08383719
IRS990/NetAssetsOrFundBalancesBOYAmt0-21224
IRS990/NetAssetsOrFundBalancesEOYAmt0-143068
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt088870
IRS990/OccupancyGrp/TotalAmt088870
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019840
IRS990/OfficeExpensesGrp/TotalAmt019840
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0431201
IRS990/OtherAssetsTotalGrp/EOYAmt0247409
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018514
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014174
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032688
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MORTGAGE INSURANCE PREMIUM
IRS990/OtherExpensesGrp/Desc2OPERATING RENT FREE UNIT
IRS990/OtherExpensesGrp/Desc3CABLE TV
IRS990/OtherExpensesGrp/ProgramServicesAmt038634
IRS990/OtherExpensesGrp/ProgramServicesAmt138582
IRS990/OtherExpensesGrp/ProgramServicesAmt222266
IRS990/OtherExpensesGrp/ProgramServicesAmt315411
IRS990/OtherExpensesGrp/TotalAmt038634
IRS990/OtherExpensesGrp/TotalAmt138582
IRS990/OtherExpensesGrp/TotalAmt222266
IRS990/OtherExpensesGrp/TotalAmt315411
IRS990/OtherLiabilitiesGrp/BOYAmt01181302
IRS990/OtherLiabilitiesGrp/EOYAmt01128088
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0574
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0574
IRS990/OtherRevenueTotalAmt0574
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048093
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036763
IRS990/OtherSalariesAndWagesGrp/TotalAmt084856
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03720
IRS990/PayrollTaxesGrp/ProgramServicesAmt02806
IRS990/PayrollTaxesGrp/TotalAmt06526
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040036
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055938
IRS990/PrincipalOfficerNm0CATHERINE EVANS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0928628
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0928628
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01357
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0911496
IRS990/PYOtherRevenueAmt071
IRS990/PYProgramServiceRevenueAmt0826257
IRS990/PYRevenuesLessExpensesAmt0-277635
IRS990/PYSalariesCompEmpBnftPaidAmt0193824
IRS990/PYTotalExpensesAmt01105320
IRS990/PYTotalRevenueAmt0827685
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-121844
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0929202
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02473
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01357
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0-1977
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01334
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0928628
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0826257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0247653
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0288473
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0302878
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02593889
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0-1977
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01334
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03737
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt02593889
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0928628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0826257
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0247653
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0288473
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0302878
IRS990ScheduleA/Total509Grp/TotalAmt02593889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0931101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0827614
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0248203
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0304212
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02597626
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08932213
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0821928
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09754141
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt06960
IRS990ScheduleD/DonatedServicesUseFcltsAmt06960
IRS990ScheduleD/EquipmentGrp/BookValueAmt06608
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0601
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07209
IRS990ScheduleD/ExpensesNotReportedAmt06960
IRS990ScheduleD/ExpensesSubtotalAmt01053519
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt051465
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01048398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt157321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt222369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY NOTE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY NOTE ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt06960
IRS990ScheduleD/RevenueSubtotalAmt0931675
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740-10, Accounting for Uncertainty in Income Taxes - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Corporation to report information regarding its exposure to various tax positions taken by the Corporation. The Corporation has determined whether any tax positions have met the recognition threshold and has measured the Corporation's exposure to those tax positions. Management believes that the Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed (four years for California). Any interest or penalties assessed to the Corporation are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08990286
IRS990ScheduleD/TotalExpensesPerForm990Amt01053519
IRS990ScheduleD/TotalLiabilityAmt01128088
IRS990ScheduleD/TotalRevenuePerForm990Amt0931675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0938635
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01060479
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,474,838
Liabilities
$9,617,906
Net assets
-$143,068
Revenue
$931,675
Expenses
$1,053,519
Net income
-$121,844
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.51$8.29$0.22$1.48$1.30$0.18
2023Detailed filing. Detailed filing data is available for this year.$8.75$8.71$0.04$1.46$1.32$0.14
2022Detailed filing. Detailed filing data is available for this year.$8.87$8.96$0.10$1.41$1.27$0.14
2021Detailed filing. Detailed filing data is available for this year.$8.97$9.21$0.24$1.38$1.20$0.17
2020Detailed filing. Detailed filing data is available for this year.$8.89$9.30$0.41$1.06$1.14$0.08
2019Detailed filing. Detailed filing data is available for this year.$9.12$9.45$0.33$0.94$1.13$0.19
2018Detailed filing. Detailed filing data is available for this year.$9.47$9.62$0.14$0.93$1.05$0.12
2017Detailed filing. Detailed filing data is available for this year.$9.88$9.90$0.02$0.83$1.11$0.28
2016Detailed filing. Detailed filing data is available for this year.$7.60$7.52$0.08$0.25$0.34$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.40$2.23$0.17$0.29$0.37$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.45$0.25$0.30$0.32$0.01
2013Summary only. Only limited summary data is available for this year.$0.48$0.22$0.27$0.29$0.36$0.07
2012Summary only. Only limited summary data is available for this year.$0.52$0.18$0.34$0.29$0.30$0.01
2011Summary only. Only limited summary data is available for this year.$0.52$0.17$0.35$0.28$0.27$0.01
2010Summary only. Only limited summary data is available for this year.$0.52$0.18$0.34$0.28$0.22$0.05