Civic Intelligence

Ellis Lake Townhomes Inc

EIN 94-3139366 • 501(c)3 • Hayward, CA

Profile

To serve as managing general partner which owns and operates a low income housing project.

22645 Grand StreetHayward, CA 94541

www.edenhousing.org

Siviq Scores

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

Liabilities / Assets

99th percentile

37.98x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

308.86x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-2193%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$381,222

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 1533.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-19%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$202,132

Up $22,762 (+13%) from 2018

Liabilities

Up

$7,676,498

Up $567,824 (+8.0%) from 2018

Net Assets

Down

-$7,474,366

Down $545,062 (-7.9%) from 2018

Revenue

Down

$24,854

Down $5,651 (-19%) from 2018

Expenses

Down

$569,916

Down $21,611 (-3.7%) from 2018

Net Income

Up

-$545,062

Up $15,960 (+2.8%) from 2018

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2010: $243,418Liabilities 2010: $1,256,935Net Assets 2010: -$1,013,5172010Assets 2011: $267,929Liabilities 2011: $1,650,738Net Assets 2011: -$1,382,8092011Assets 2012: $183,415Liabilities 2012: $2,067,767Net Assets 2012: -$1,884,3522012Assets 2013: $198,117Liabilities 2013: $2,542,396Net Assets 2013: -$2,344,2792013Assets 2014: $208,151Liabilities 2014: $3,099,029Net Assets 2014: -$2,890,8782014Assets 2015: $208,151Liabilities 2015: $3,635,434Net Assets 2015: -$3,427,2832015Assets 2016: $128,465Liabilities 2016: $6,129,683Net Assets 2016: -$6,001,2182016Assets 2017: $152,531Liabilities 2017: $6,520,813Net Assets 2017: -$6,368,2822017Assets 2018: $179,370Liabilities 2018: $7,108,674Net Assets 2018: -$6,929,3042018Assets 2019: $202,132Liabilities 2019: $7,676,498Net Assets 2019: -$7,474,3662019

Highlighted filing

2019

Assets$202,132
Liabilities$7,676,498
Net Assets-$7,474,366

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $397,1492010Expenses 2011: $404,1282011Expenses 2012: $538,0842012Expenses 2013: $503,2622013Revenue 2014: $34,920Expenses 2014: $581,519Net Income 2014: -$546,5992014Revenue 2015: $1,393Expenses 2015: $537,798Net Income 2015: -$536,4052015Revenue 2016: $46,415Expenses 2016: $2,620,350Net Income 2016: -$2,573,9352016Revenue 2017: $237,210Expenses 2017: $604,274Net Income 2017: -$367,0642017Revenue 2018: $30,505Expenses 2018: $591,527Net Income 2018: -$561,0222018Revenue 2019: $24,854Expenses 2019: $569,916Net Income 2019: -$545,0622019

Highlighted filing

2019

Revenue$24,854
Expenses$569,916
Net Income-$545,062

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$24,854
Mission and Program Overview

Mission

To serve as managing general partner which owns and operates a low income housing project.

To provide housing and related services for low or moderate income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$179,370$202,132▲ $22,762
Total Assets$179,370$202,132▲ $22,762
Liabilities
Other Liabilities$6,927,304$7,472,266▲ $544,962
Accounts Payable and Accrued Expenses$181,370$204,232▲ $22,862
Total Liabilities$7,108,674$7,676,498▲ $567,824
Net Assets / Fund Balance
Unrestricted Net Assets$-6,929,304$-7,474,366▼ $545,062
Total Net Assets Fund Balance$-6,929,304$-7,474,366▼ $545,062
Total Liabilities and Net Assets / Fund Balance$179,370$202,132▲ $22,762
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nicholas J RandallChairperson
Linda MandoliniPresident
Jim KennedyVice Chairperson
CHERYL O' CONNORDirector
Doug KuerschnerDirector
Ed ForrestDirector
Grace LiDirector
Ilene WeinrebDirector
Joe PostigoDirector
John GaffneyDirector
Pauline WeaverDirector
Rudy Johnson IiiDirector
Sean CallumDirector
Calvin WhitakerAssistant Secretary
Timothy ReillyAssistant Secretary
Tatiana BlankCFO
Kathleen HammSecretary
Annette BillingsleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,091
Program Service Revenue
$22,763
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-545,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$569,916
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 Management$22,763--$22,763
Fees for Services Accounting-$2,100-$2,100
Other Expenses$91--$91
Total Functional Expenses$567,816$2,100$0$569,916
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
Investment in Riverhouse Assoc. - Deficit Bal.$7,472,266
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Section B, Line 11B

The return is reviewed by the cfo and the controller before it is filed.

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

Each board member is required to complete a conflict of interest disclosure questionnaire annually. If a board member has any conflict of interest, the board member would need to recuse him or herself from any decisions regarding a conflict area.

Form 990, Part VI, Section B, Line 15

Officers are full time employees of eden housing, inc., a related 501(c)(3) charitable nonprofit organization. Independent compensation consultant, compensation survey or study and form 990 of other organizations were used to establish the compensation of organization's ceo/cfo, officers and key employees. Board or compensation committee's approval is also required.

Form 990, Part VI, Section C, Line 19

Documents available upon request.

FORM 990, PART VII, SECTION A LINE 1A(B):

The average hours per week devoted by each compensated officer, when combined with hours devoted to related organizations, exceeds 40 hours.

Filing and Contact Details

Filer

Filer Name
Ellis Lake Townhomes Inc
EIN
94-3139366
Phone
5105821460
Address
22645 GRAND STREET, HAYWARD, CA 94541

Signing Officer

Name
Tatiana Blank
Title
CFO
Phone
5105821460
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Mandolini
Formed
1991
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
17

Preparer

Firm
Lindquist Von Husen & Joyce Llp
Address
301 HOWARD STREET SUITE 850, SAN FRANCISCO, CA 94105
Preparer
Alexis H Wong
Phone
4159579999
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2(C):

No changes were made to the process.

Financial Statement Notes

PART X, LINE 2:

Ehi and affiliates believe that they have appropriate support for any tax positions taken, and as such, do not have any uncertain tax positions that are material to the financial statements. Ehi and affiliates' federal and state income tax and information returns for the years 2015 through 2018 are subject to examination by regulatory agencies, generally for three years and four years after they were filed for federal and state, respectively.

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IRS990/OtherExpensesGrp/TotalAmt191
IRS990/OtherLiabilitiesGrp/BOYAmt06927304
IRS990/OtherLiabilitiesGrp/EOYAmt07472266
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LINDA MANDOLINI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022763
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022763
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03666
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0591527
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt026839
IRS990/PYRevenuesLessExpensesAmt0-561022
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0591527
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030505
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-545062
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt02091
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022763
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02091
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03666
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01393
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010262
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt022763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0235535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt044978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0330115
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0340377
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt024854
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt030505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0237210
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt046415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01393
IRS990ScheduleA/Total509Grp/TotalAmt0340377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt024854
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt030505
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0237210
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt046415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01393
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0340377
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07472266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INVESTMENT IN RIVERHOUSE ASSOC. - DEFICIT BAL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EHI AND AFFILIATES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. EHI AND AFFILIATES' FEDERAL AND STATE INCOME TAX AND INFORMATION RETURNS FOR THE YEARS 2015 THROUGH 2018 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt07472266
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt017366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt114400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0339623
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1273836
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt112687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt1838
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LINDA MANDOLINI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TATIANA BLANK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0381222
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1301761
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEY OR STUDY WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO/CFO, OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY THE CFO AND THE CONTROLLER BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE ANNUALLY. IF A BOARD MEMBER HAS ANY CONFLICT OF INTEREST, THE BOARD MEMBER WOULD NEED TO RECUSE HIM OR HERSELF FROM ANY DECISIONS REGARDING A CONFLICT AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS ARE FULL TIME EMPLOYEES OF EDEN HOUSING, INC., A RELATED 501(C)(3) CHARITABLE NONPROFIT ORGANIZATION. INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY AND FORM 990 OF OTHER ORGANIZATIONS WERE USED TO ESTABLISH THE COMPENSATION OF ORGANIZATION'S CEO/CFO, OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES WERE MADE TO THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AVERAGE HOURS PER WEEK DEVOTED BY EACH COMPENSATED OFFICER, WHEN COMBINED WITH HOURS DEVOTED TO RELATED ORGANIZATIONS, EXCEEDS 40 HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2(C):

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