Civic Intelligence

Tmt Nelson & Freedom Way Inc

EIN 94-3282295 • 501(c)25 • San Francisco, CA

Profile

Title Holding Corporation For Real Property

4 Embarcadero Center Suite 3300San Francisco, CA 94111

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.77x

Higher debt load relative to assets than 93% of similar nonprofits.

<$500k nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2014

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

80th percentile

-93%

Faster asset growth than 80% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

43rd percentile

-100%

Faster revenue growth than 43% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$43,517

Down $545,369 (-93%) from 2013

Liabilities

Down

$33,566

Down $200,710 (-86%) from 2013

Net Assets

Down

$9,951

Down $344,659 (-97%) from 2013

Revenue

Down

$0

Down $20,427,203 (-100%) from 2013

Expenses

Down

$3,023

Down $1,067,407 (-100%) from 2013

Net Income

Down

-$3,023

Down $19,359,796 (-100%) from 2013

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $27,853,240Liabilities 2010: $93,039Net Assets 2010: $27,760,2012010Assets 2011: $28,917,069Liabilities 2011: $132,080Net Assets 2011: $28,784,9892011Assets 2012: $29,393,880Liabilities 2012: $378,743Net Assets 2012: $29,015,1372012Assets 2013: $588,886Liabilities 2013: $234,276Net Assets 2013: $354,6102013Assets 2014: $43,517Liabilities 2014: $33,566Net Assets 2014: $9,9512014

Highlighted filing

2014

Assets$43,517
Liabilities$33,566
Net Assets$9,951

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $985,3192010Expenses 2011: $990,5302011Expenses 2012: $1,011,4782012Revenue 2013: $20,427,203Expenses 2013: $1,070,430Net Income 2013: $19,356,7732013Revenue 2014: $0Expenses 2014: $3,023Net Income 2014: -$3,0232014

Highlighted filing

2014

Revenue$0
Expenses$3,023
Net Income-$3,023

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Title Holding Corporation For Real Property

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$14,226,194$14,220,779▼ $5,415
Accounts Receivable$38,199$30,080▼ $8,119
Cash and Non-Interest-Bearing Accounts$550,687$13,437▼ $537,250
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Cap Stk Tr Prin Current Funds$-13,871,584$-14,210,828▼ $339,244
Total Assets$588,886$43,517▼ $545,369
Other Assets Total-$0-
Liabilities
Other Liabilities$62,670$31,791▼ $30,879
Accounts Payable and Accrued Expenses$171,606$1,775▼ $169,831
Total Liabilities$234,276$33,566▼ $200,710
Net Assets / Fund Balance
Total Net Assets Fund Balance$354,610$9,951▼ $344,659
Total Liabilities and Net Assets / Fund Balance$588,886$43,517▼ $545,369
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Supplemental InformationSee Supplementa
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,023
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
Other Expenses---$-1,113
Total Functional Expenses$0$0$0$3,023
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
Receivable Offset$31,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

All management duties and management decision making of the taxpayer is delegated to Core and Value Advisors, LLC pursuant to the terms of certain management agreements.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.

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

All employees of Core and Value Advisors, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies.

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

The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
TMT Nelson & Freedom Way Inc
EIN
94-3282295
Phone
4156583300
Address
4 Embarcadero Center Suite 3300, San Francisco, CA 94111

Signing Officer

Name
Charlene Kiley
Title
Asst. Treasurer
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlene Kiley
Formed
1997
Legal Domicile
De
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Comyns Smith McCleary & Deaver LLP
Address
3470 Mt Diablo Blvd A110, Lafayette, CA 94549
Preparer
Dan K Deaver
Phone
9252991040
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.DIRECTOR Jean-Marie MurphyOFFICERSPresident Jean-Marie MurphyVP Sol Raso Mark D. Carlson Stephen J. Pilch Daniel S. Weaver Matthew Jerry Brian Bill David Nix Drew Stepanek Sebastian Grisoni Gary Hunter Bianca TabournVice President & Treasurer Albert J. JehleVice President & Secretary Douglas SturialeAssistant Secretary James RatnerAssistantTreasurer Charlene Kiley

Client Note 2

Client Note 2 - Note ASchedule N, Part IIThe taxpayer sold its only asset on December 23,2013, paid off the debts secured by the asset and distributed the remaining proceeds therefrom in anticipation of liquidation in a subsequent tax year.

Other Changes In Net Assets Or Fund Balances - Other Increases

Contributions = $160757

Other Changes In Net Assets Or Fund Balances - Other Decreases

Distributions of Capital = -$500000

Other Changes In Net Assets Or Fund Balances - Other Decreases

Realized Gain/Loss = -$2393

Financial Statement Notes

Part X : FIN48 Footnote

The Trust has been classified as a qualified trust under Section 401(a) of the Internal Revenue Code (the Code) and is exempt from taxation under Section 501(a) of the Code. The Trust includes interests in single member limited liability companies that generally, for tax purposes, are treated as divisions of their sole member. Additionally, the Trust includes title-holding companies that are classified as tax exempt under Code Sections 501(c)(2) and 501(c)(25) and related state income taxlaw. The Trust is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business and, in the opinion of management, is not material to the combined financial statements taken as a whole.The Trust adopted the provisions of ASC Topic 740, Income Taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. Management believes that no such uncertain tax positions exist requiring accrual or disclosure at December 31, 2014 or 2013.

Raw XML Appendix333 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/SupplementalInformationDetail/ExplanationTxt0The Trust has been classified as a qualified trust under Section 401(a) of the Internal Revenue Code (the Code) and is exempt from taxation under Section 501(a) of the Code. The Trust includes interests in single member limited liability companies that generally, for tax purposes, are treated as divisions of their sole member. Additionally, the Trust includes title-holding companies that are classified as tax exempt under Code Sections 501(c)(2) and 501(c)(25) and related state income taxlaw. The Trust is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business and, in the opinion of management, is not material to the combined financial statements taken as a whole.The Trust adopted the provisions of ASC Topic 740, Income Taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. Management believes that no such uncertain tax positions exist requiring accrual or disclosure at December 31, 2014 or 2013.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.DIRECTOR Jean-Marie MurphyOFFICERSPresident Jean-Marie MurphyVP Sol Raso Mark D. Carlson Stephen J. Pilch Daniel S. Weaver Matthew Jerry Brian Bill David Nix Drew Stepanek Sebastian Grisoni Gary Hunter Bianca TabournVice President & Treasurer Albert J. JehleVice President & Secretary Douglas SturialeAssistant Secretary James RatnerAssistantTreasurer Charlene Kiley
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Client Note 2 - Note ASchedule N, Part IIThe taxpayer sold its only asset on December 23,2013, paid off the debts secured by the asset and distributed the remaining proceeds therefrom in anticipation of liquidation in a subsequent tax year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All management duties and management decision making of the taxpayer is delegated to Core and Value Advisors, LLC pursuant to the terms of certain management agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All employees of Core and Value Advisors, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Contributions = $160757
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Distributions of Capital = -$500000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Realized Gain/Loss = -$2393
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Client Note 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
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IRS990/TotalFunctionalExpensesGrp/TotalAmt03023
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Charlene Kiley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Asst. Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TMT Nelson & Freedom Way Inc
ReturnHeader/Filer/BusinessNameControlTxt0TMTN
ReturnHeader/Filer/EIN0943282295
ReturnHeader/Filer/PhoneNum04156583300
ReturnHeader/Filer/USAddress/AddressLine1Txt04 Embarcadero Center Suite 3300
ReturnHeader/Filer/USAddress/CityNm0San Francisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094111
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Comyns Smith McCleary & Deaver LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03470 Mt Diablo Blvd A110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lafayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094549
ReturnHeader/PreparerPersonGrp/PhoneNum09252991040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan K Deaver
ReturnHeader/ReturnTs02015-05-11T17:16:51-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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