Civic Intelligence

La Buena Esperanza Cooperative Inc

990 • Fiscal year 2014 • EIN 94-2691811

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 28, 2015

1610 W Kettleman LaneLodi, CA 95242

(209) 365-9010

Siviq Scores

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

Liabilities / Assets

45th percentile

0.02x

Higher debt load relative to assets than 45% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

49th percentile

0.04x

Higher debt load relative to revenue than 49% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

-0.1%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$622,202

Up $1,562 (+0.3%) from 2013

Net Assets

Up

$610,817

Up $32,544 (+5.6%) from 2013

Liabilities

Down

$11,385

Down $30,982 (-73%) from 2013

Revenue

Down

$286,895

Down $325 (-0.1%) from 2013

Expenses

Down

$254,351

Down $16,014 (-5.9%) from 2013

Net Income

Up

$32,544

Up $15,689 (+93%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $618,803Liabilities 2010: $166,108Net Assets 2010: $452,6952010Assets 2011: $645,240Liabilities 2011: $121,904Net Assets 2011: $523,3362011Assets 2012: $644,665Liabilities 2012: $83,247Net Assets 2012: $561,4182012Assets 2013: $620,640Liabilities 2013: $42,367Net Assets 2013: $578,2732013Assets 2014: $622,202Liabilities 2014: $11,385Net Assets 2014: $610,8172014Assets 2015: $648,155Liabilities 2015: $6,877Net Assets 2015: $641,2782015Assets 2016: $757,082Liabilities 2016: $119,643Net Assets 2016: $637,4392016Assets 2017: $669,251Liabilities 2017: $18,245Net Assets 2017: $651,0062017Assets 2018: $657,978Liabilities 2018: $8,882Net Assets 2018: $649,0962018Assets 2019: $673,965Liabilities 2019: $8,733Net Assets 2019: $665,2322019Assets 2020: $670,612Liabilities 2020: $6,997Net Assets 2020: $663,6152020Assets 2021: $651,092Liabilities 2021: $8,763Net Assets 2021: $642,3292021Assets 2022: $636,407Liabilities 2022: $8,188Net Assets 2022: $628,2192022Assets 2023: $621,557Liabilities 2023: $16,882Net Assets 2023: $604,6752023Assets 2024: $578,425Liabilities 2024: $9,983Net Assets 2024: $568,4422024

Highlighted filing

2014

Assets$622,202
Liabilities$11,385
Net Assets$610,817

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $240,7452010Expenses 2011: $219,3892011Expenses 2012: $249,4662012Revenue 2013: $287,220Expenses 2013: $270,365Net Income 2013: $16,8552013Revenue 2014: $286,895Expenses 2014: $254,351Net Income 2014: $32,5442014Revenue 2015: $283,696Expenses 2015: $253,235Net Income 2015: $30,4612015Revenue 2016: $285,894Expenses 2016: $289,843Net Income 2016: -$3,9492016Revenue 2017: $295,742Expenses 2017: $282,175Net Income 2017: $13,5672017Revenue 2018: $299,575Expenses 2018: $301,485Net Income 2018: -$1,9102018Revenue 2019: $309,502Expenses 2019: $293,366Net Income 2019: $16,1362019Revenue 2020: $320,969Expenses 2020: $322,586Net Income 2020: -$1,6172020Revenue 2021: $321,615Expenses 2021: $342,901Net Income 2021: -$21,2862021Revenue 2022: $343,992Expenses 2022: $358,102Net Income 2022: -$14,1102022Revenue 2023: $360,689Expenses 2023: $384,233Net Income 2023: -$23,5442023Revenue 2024: $379,198Expenses 2024: $415,431Net Income 2024: -$36,2332024

Highlighted filing

2014

Revenue$286,895
Expenses$254,351
Net Income$32,544
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 28, 2015
Return Version
2014v5.0
Gross Receipts
$286,895
Mission and Program Overview

Mission

To operate a 40 unit housing project providing low and moderate income housing on a cooperative basis.

To operate a federally subsidized 40 unit housing project providing low and moderate income housing on a cooperative basis

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$538,798$555,652▲ $16,854
Land, Buildings, and Equipment, Net$388,716$374,642▼ $14,074
Rtn Earn Endowment Incm Other Fnds$16,855$32,545▲ $15,690
Cap Stk Tr Prin Current Funds$22,620$22,620→ $0
Cash and Non-Interest-Bearing Accounts$26,747$19,248▼ $7,499
Prepaid Expenses and Deferred Charges$12,751$12,493▼ $258
Accounts Receivable-$1,152-
Total Assets$620,640$622,202▲ $1,562
Other Assets Total$192,426$214,667▲ $22,241
Liabilities
Accounts Payable and Accrued Expenses$8,199$8,929▲ $730
Mortgage Notes Payable Secured by Investment Property$34,168$2,456▼ $31,712
Total Liabilities$42,367$11,385▼ $30,982
Net Assets / Fund Balance
Total Net Assets Fund Balance$578,273$610,817▲ $32,544
Total Liabilities and Net Assets / Fund Balance$620,640$622,202▲ $1,562

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$77,729$2,231,557-
Land$264,548--
Equipment$32,365$93,919-
Other Assets Org$173,956--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Napoleon MirandaPresident
Angel MendezVice President
Emma CartagenaBoard Member
Karen GonzalezBoard Member
Leticia MartinezBoard Member
Carmen P PamatzSecretary
Martha MartinezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$94,072
Program Service Revenue
$192,684
Investment Income
$139
Other Revenue
$0
Change in Net Assets
$32,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$286,895
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$286,895
Total Revenue per Form 990
$286,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,351
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 Other$72,883--$72,883
Fees for Services Management$24,804--$24,804
Insurance$18,572--$18,572
Depreciation Depletion$14,074--$14,074
Other Expenses$14,039--$14,039
All Other Expenses$8,293--$8,293
Fees for Services Accounting$7,875--$7,875
Office Expenses$5,030--$5,030
Conferences and Meetings$249--$249
Interest$203--$203
Advertising$30--$30
Total Functional Expenses$254,351$0$0$254,351

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$254,351
Total Expenses per Audited Statements$254,351
Total Expenses per Form 990$254,351
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Prior to filing, the tax return is reviewed by the controller (shelly williams) of the entity's property management company.

Form 990, Part VI, Section C, Line 19

The organization maintains such documents at its principal location and will provide copies upon request.

Filing and Contact Details

Filer

Filer Name
La Buena Esperanza Cooperative Inc
EIN
94-2691811
Phone
2093659010
Address
1610 W KETTLEMAN LANE, LODI, CA 95242

Signing Officer

Name
Napolean Miranda
Title
President
Phone
2093659010
Signed
2015-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Napolean Miranda
Formed
1980
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Gallina Llp
Address
2870 GOLD TAILINGS COURT, RANCHO CORDOVA, CA 95670-6169
Preparer
Crystal a Ekanayake
Phone
9166381188
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Site management payroll: program service expenses 34,660. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,660. Workers compensation: program service expenses 4,162. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,162. Maintenance & repairs payroll: program service expenses 22,841. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,841. Health insurance: program service expenses 5,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,100. Payroll taxes: program service expenses 6,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,120.

Financial Statement Notes

PART X, LINE 2:

Accounting guidance issued by financial accounting standards board (fasb) prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The cooperative did not have unrecognized tax benefits as of december 31, 2014 and does not expect this to change significantly over the next twelve months. The cooperative will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of december 31, 2014, the cooperative has not accrued interest or penalties related to uncertain tax positions. The federal and state income tax returns of the cooperative for 2013, 2012, 2011, and 2010 are subject to examination by taxing authorities, generally for three and four years, respectively, after the due date.

Raw XML Appendix362 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0264548
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0264548
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117529
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2173956
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TAX & INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0286895
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING GUIDANCE ISSUED BY FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE COOPERATIVE DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2014 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. THE COOPERATIVE WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2014, THE COOPERATIVE HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FEDERAL AND STATE INCOME TAX RETURNS OF THE COOPERATIVE FOR 2013, 2012, 2011, AND 2010 ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THE DUE DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0374642
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0214667
IRS990ScheduleD/TotalExpensesPerForm990Amt0254351
IRS990ScheduleD/TotalRevenuePerForm990Amt0286895
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286895
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0254351
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING, THE TAX RETURN IS REVIEWED BY THE CONTROLLER (SHELLY WILLIAMS) OF THE ENTITY'S PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAINTAINS SUCH DOCUMENTS AT ITS PRINCIPAL LOCATION AND WILL PROVIDE COPIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SITE MANAGEMENT PAYROLL: PROGRAM SERVICE EXPENSES 34,660. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,660. WORKERS COMPENSATION: PROGRAM SERVICE EXPENSES 4,162. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,162. MAINTENANCE & REPAIRS PAYROLL: PROGRAM SERVICE EXPENSES 22,841. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,841. HEALTH INSURANCE: PROGRAM SERVICE EXPENSES 5,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,100. PAYROLL TAXES: PROGRAM SERVICE EXPENSES 6,120. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,120.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0620640
IRS990/TotalAssetsEOYAmt0622202
IRS990/TotalAssetsGrp/BOYAmt0620640
IRS990/TotalAssetsGrp/EOYAmt0622202
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt094072
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0254351
IRS990/TotalFunctionalExpensesGrp/TotalAmt0254351
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042367
IRS990/TotalLiabilitiesEOYAmt011385
IRS990/TotalLiabilitiesGrp/BOYAmt042367
IRS990/TotalLiabilitiesGrp/EOYAmt011385
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0578273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0610817
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0254351
IRS990/TotalProgramServiceRevenueAmt0192684
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192823
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286895
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0620640
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0622202
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 BISHOP STREET
IRS990/USAddress/CityNm0KING CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093930
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N.A.
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NAPOLEAN MIRANDA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02093659010
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA BUENA ESPERANZA COOPERATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0LABU
ReturnHeader/Filer/EIN0942691811
ReturnHeader/Filer/PhoneNum02093659010
ReturnHeader/Filer/USAddress/AddressLine1Txt01610 W KETTLEMAN LANE
ReturnHeader/Filer/USAddress/CityNm0LODI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095242
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942147510
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GALLINA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02870 GOLD TAILINGS COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CORDOVA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0956706169
ReturnHeader/PreparerPersonGrp/PhoneNum09166381188
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRYSTAL A EKANAYAKE
ReturnHeader/ReturnTs02015-03-23T12:05:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$0.10$5.68$3.79$4.15$0.36
2023Detailed filing. Detailed filing data is available for this year.$6.22$0.17$6.05$3.61$3.84$0.24
2022Detailed filing. Detailed filing data is available for this year.$6.36$0.08$6.28$3.44$3.58$0.14
2021Detailed filing. Detailed filing data is available for this year.$6.51$0.09$6.42$3.22$3.43$0.21
2020Detailed filing. Detailed filing data is available for this year.$6.71$0.07$6.64$3.21$3.23$0.02
2019Detailed filing. Detailed filing data is available for this year.$6.74$0.09$6.65$3.10$2.93$0.16
2018Detailed filing. Detailed filing data is available for this year.$6.58$0.09$6.49$3.00$3.01$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.69$0.18$6.51$2.96$2.82$0.14
2016Detailed filing. Detailed filing data is available for this year.$7.57$1.20$6.37$2.86$2.90$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.48$0.07$6.41$2.84$2.53$0.30
2014Detailed filing. Detailed filing data is available for this year.$6.22$0.11$6.11$2.87$2.54$0.33
2013Detailed filing. Detailed filing data is available for this year.$6.21$0.42$5.78$2.87$2.70$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$0.83$5.61$2.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$1.22$5.23$2.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.19$1.66$4.53$2.41