Civic Intelligence

La Serena Housing Development Corporation

990 • Fiscal year 2018 • EIN 94-2840358

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 03, 2018

Organization ProfileN/A
5140 W Cypress AvenueVisalia, CA 93277

(559) 627-3700

Siviq Scores

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

Liabilities / Assets

98th percentile

2.21x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.80x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

67th percentile

6.9%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

5.1%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$1,174,573

Up $76,216 (+6.9%) from 2017

Net Assets

Up

-$1,422,361

Up $170,468 (+11%) from 2017

Liabilities

Down

$2,596,934

Down $94,252 (-3.5%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin85th percentile

Revenue

Up

$540,743

Up $26,475 (+5.1%) from 2017

Expenses

Down

$370,275

Down $76,213 (-17%) from 2017

Net Income

Up

$170,468

Up $102,688 (+152%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2012: $1,661,126Liabilities 2012: $3,129,426Net Assets 2012: -$1,468,3002012Assets 2013: $1,691,127Liabilities 2013: $3,124,360Net Assets 2013: -$1,433,2332013Assets 2014: $1,484,368Liabilities 2014: $3,103,874Net Assets 2014: -$1,619,5062014Assets 2015: $1,337,310Liabilities 2015: $3,023,601Net Assets 2015: -$1,686,2912015Assets 2016: $1,390,493Liabilities 2016: $3,028,153Net Assets 2016: -$1,637,6602016Assets 2017: $1,098,357Liabilities 2017: $2,691,186Net Assets 2017: -$1,592,8292017Assets 2018: $1,174,573Liabilities 2018: $2,596,934Net Assets 2018: -$1,422,3612018Assets 2019: $1,176,168Liabilities 2019: $2,465,904Net Assets 2019: -$1,289,7362019Assets 2020: $1,223,283Liabilities 2020: $2,383,910Net Assets 2020: -$1,160,6272020Assets 2021: $1,291,887Liabilities 2021: $2,347,732Net Assets 2021: -$1,055,8452021Assets 2022: $1,429,747Liabilities 2022: $2,344,586Net Assets 2022: -$914,8392022Assets 2023: $1,459,525Liabilities 2023: $2,197,200Net Assets 2023: -$737,6752023Assets 2024: $1,469,243Liabilities 2024: $2,080,508Net Assets 2024: -$611,2652024Assets 2025: $1,476,607Liabilities 2025: $2,043,680Net Assets 2025: -$567,0732025

Highlighted filing

2018

Assets$1,174,573
Liabilities$2,596,934
Net Assets-$1,422,361
Open 2018 Filing

Operations Trend

Revenue Growth53rd percentile

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

$1.0M$500K$0-$500KRevenue 2012: $479,645Expenses 2012: $431,411Net Income 2012: $48,2342012Expenses 2013: $468,7992013Revenue 2014: $550,663Expenses 2014: $682,262Net Income 2014: -$131,5992014Revenue 2015: $488,962Expenses 2015: $526,168Net Income 2015: -$37,2062015Revenue 2016: $516,143Expenses 2016: $466,008Net Income 2016: $50,1352016Revenue 2017: $514,268Expenses 2017: $446,488Net Income 2017: $67,7802017Revenue 2018: $540,743Expenses 2018: $370,275Net Income 2018: $170,4682018Revenue 2019: $527,137Expenses 2019: $394,512Net Income 2019: $132,6252019Revenue 2020: $534,236Expenses 2020: $405,127Net Income 2020: $129,1092020Revenue 2021: $545,762Expenses 2021: $440,980Net Income 2021: $104,7822021Revenue 2022: $548,636Expenses 2022: $407,630Net Income 2022: $141,0062022Revenue 2023: $563,231Expenses 2023: $386,067Net Income 2023: $177,1642023Revenue 2024: $523,137Expenses 2024: $396,727Net Income 2024: $126,4102024Revenue 2025: $502,043Expenses 2025: $457,851Net Income 2025: $44,1922025

Highlighted filing

2018

Revenue$540,743
Expenses$370,275
Net Income$170,468
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 3, 2018
Return Version
2017v2.3
Gross Receipts
$540,743
Mission and Program Overview

Mission

To provide housing for the elderly and disabled persons with low and moderate income levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$365,793$372,611▲ $6,818
Cash and Non-Interest-Bearing Accounts$87,528$109,343▲ $21,815
Prepaid Expenses and Deferred Charges$15,542$15,569▲ $27
Accounts Receivable$3,109$5,005▲ $1,896
Total Assets$1,098,357$1,174,573▲ $76,216
Other Assets Total$626,385$672,045▲ $45,660
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,607,646$2,519,069▼ $88,577
Other Liabilities$66,845$65,838▼ $1,007
Accounts Payable and Accrued Expenses$16,695$12,027▼ $4,668
Total Liabilities$2,691,186$2,596,934▼ $94,252
Net Assets / Fund Balance
Temporarily Rstr Net Assets$626,385$672,045▲ $45,660
Unrestricted Net Assets$-2,219,214$-2,094,406▲ $124,808
Total Net Assets Fund Balance$-1,592,829$-1,422,361▲ $170,468
Total Liabilities and Net Assets / Fund Balance$1,098,357$1,174,573▲ $76,216

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$92$3,071,526$3,071,618
Land$250,000-$250,000
Other Land Buildings$101,914$36,688$138,602
Equipment$20,605$46,680$67,285
Other Assets Org$22,730--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Steve TreePresident
Ken KuglerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$533,517
Investment Income
$552
Other Revenue
$6,674
Change in Net Assets
$170,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$540,743
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$540,743
Total Revenue per Form 990
$540,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,717
Salaries, Compensation, and Employee Benefits$115,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,031--$94,031
Interest$63,174--$63,174
Fees for Services Management$35,786--$35,786
Other Employee Benefits$21,527--$21,527
Depreciation Depletion$17,147--$17,147
All Other Expenses$15,611--$15,611
Other Expenses$15,206--$15,206
Insurance$12,145--$12,145
Fees for Services Accounting$3,252--$3,252
Office Expenses$2,442--$2,442
Fees for Services Legal$1,794--$1,794
Conferences and Meetings$301--$301
Total Functional Expenses$370,275$0$0$370,275

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$370,275
Total Expenses per Audited Statements$370,275
Total Expenses per Form 990$370,275
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
Other Current Liabilities$43,108
Tenant Security Deposits Payable$22,730
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 A, Line 8B

“The board acts on all matters of governance as a whole, and therefore has no committees as to organizational activities.”

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

“The board of directors reviews the form 990 and the required schedules prior to their being filed with the irs. Once approved, the form 990 is signed and filed accordingly.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available to the general public upon request. They are also available at the organization's office during regular business hours.”

Filing and Contact Details

Filer

Filer Name
La Serena Housing Development
EIN
94-2840358
Phone
5596273700
Address
5140 W CYPRESS AVENUE, VISALIA, CA 93277

Signing Officer

Name
Chuck Keen
Title
Secretary/treasurer
Phone
5596273700
Signed
2018-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Kugler
Formed
1982
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
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 Appendix381 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/EquipmentGrp/BookValueAmt020605
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046680
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067285
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0370275
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0649315
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122730
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS AND RESERVE ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0101914
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt036688
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0138602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043108
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0540743
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0372611
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0672045
IRS990ScheduleD/TotalExpensesPerForm990Amt0370275
IRS990ScheduleD/TotalLiabilityAmt065838
IRS990ScheduleD/TotalRevenuePerForm990Amt0540743
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0540743
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0370275
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD ACTS ON ALL MATTERS OF GOVERNANCE AS A WHOLE, AND THEREFORE HAS NO COMMITTEES AS TO ORGANIZATIONAL ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND THE REQUIRED SCHEDULES PRIOR TO THEIR BEING FILED WITH THE IRS. ONCE APPROVED, THE FORM 990 IS SIGNED AND FILED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THEY ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0626385
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0672045
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01098357
IRS990/TotalAssetsEOYAmt01174573
IRS990/TotalAssetsGrp/BOYAmt01098357
IRS990/TotalAssetsGrp/EOYAmt01174573
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0370275
IRS990/TotalFunctionalExpensesGrp/TotalAmt0370275
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02691186
IRS990/TotalLiabilitiesEOYAmt02596934
IRS990/TotalLiabilitiesGrp/BOYAmt02691186
IRS990/TotalLiabilitiesGrp/EOYAmt02596934
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1592829
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1422361
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0370275
IRS990/TotalProgramServiceRevenueAmt0533517
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0540743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0540743
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01098357
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01174573
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2219214
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2094406
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05140 W CYRESS AVENUE
IRS990/USAddress/CityNm0VISALIA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093277
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHUCK KEEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05596273700
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA SERENA HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LASE
ReturnHeader/Filer/EIN0942840358
ReturnHeader/Filer/PhoneNum05596273700
ReturnHeader/Filer/USAddress/AddressLine1Txt05140 W CYPRESS AVENUE
ReturnHeader/Filer/USAddress/CityNm0VISALIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093277
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B454A48730C2A23EBE3FE11102AFBC53EBE6E117
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B454A48730C2A23EBE3FE11102AFBC53EBE6E117
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.20.237.178
ReturnHeader/FilingSecurityInformation/IPDt02018-10-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:49:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203557677
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KELLER AND ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018645 SHERMAN WAY SUITE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RESEDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091335
ReturnHeader/PreparerPersonGrp/PhoneNum08183833079
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID KELLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-10-03T18:49:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,174,573
Liabilities
$2,596,934
Net assets
-$1,422,361
Revenue
$540,743
Expenses
$370,275
Net income
$170,468
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.48$2.04$0.57$0.50$0.46$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.47$2.08$0.61$0.52$0.40$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.46$2.20$0.74$0.56$0.39$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.43$2.34$0.91$0.55$0.41$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.29$2.35$1.06$0.55$0.44$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.22$2.38$1.16$0.53$0.41$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.18$2.47$1.29$0.53$0.39$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.17$2.60$1.42$0.54$0.37$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.10$2.69$1.59$0.51$0.45$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.39$3.03$1.64$0.52$0.47$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.34$3.02$1.69$0.49$0.53$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.48$3.10$1.62$0.55$0.68$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$3.12$1.43$0.47
2012Summary only. Only limited summary data is available for this year.$1.66$3.13$1.47$0.48$0.43$0.05