Civic Intelligence

Skyline Apartments Inc.

990 • Fiscal year 2019 • EIN 94-3400175

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 14, 2020

368 Fell StreetSan Francisco, CA 94102

(415) 861-0828

Siviq Scores

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

Liabilities / Assets

98th percentile

1.83x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

28.91x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-91%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$227,441

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 195.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

25th percentile

-3.4%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

1.5%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,840,378

Down $64,001 (-3.4%) from 2018

Net Assets

Down

-$1,523,413

Down $105,611 (-7.4%) from 2018

Liabilities

Up

$3,363,791

Up $41,610 (+1.3%) from 2018

Revenue

Up

$116,358

Up $1,735 (+1.5%) from 2018

Expenses

Down

$221,969

Down $13,055 (-5.6%) from 2018

Net Income

Up

-$105,611

Up $14,790 (+12%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2012: $2,421,227Liabilities 2012: $3,095,631Net Assets 2012: -$674,4042012Assets 2013: $2,371,329Liabilities 2013: $3,129,116Net Assets 2013: -$757,7872013Assets 2014: $2,294,968Liabilities 2014: $3,167,224Net Assets 2014: -$872,2562014Assets 2015: $2,204,137Liabilities 2015: $3,195,020Net Assets 2015: -$990,8832015Assets 2016: $2,112,158Liabilities 2016: $3,230,399Net Assets 2016: -$1,118,2412016Assets 2017: $1,980,532Liabilities 2017: $3,277,933Net Assets 2017: -$1,297,4012017Assets 2018: $1,904,379Liabilities 2018: $3,322,181Net Assets 2018: -$1,417,8022018Assets 2019: $1,840,378Liabilities 2019: $3,363,791Net Assets 2019: -$1,523,4132019Assets 2020: $1,792,185Liabilities 2020: $3,401,447Net Assets 2020: -$1,609,2622020Assets 2021: $1,694,563Liabilities 2021: $3,409,203Net Assets 2021: -$1,714,6402021Assets 2022: $1,623,585Liabilities 2022: $3,494,726Net Assets 2022: -$1,871,1412022Assets 2023: $1,578,575Liabilities 2023: $3,578,426Net Assets 2023: -$1,999,8512023Assets 2024: $1,544,148Liabilities 2024: $3,675,717Net Assets 2024: -$2,131,5692024Assets 2025: $1,521,936Liabilities 2025: $3,788,624Net Assets 2025: -$2,266,6882025

Highlighted filing

2019

Assets$1,840,378
Liabilities$3,363,791
Net Assets-$1,523,413

Operations Trend

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

$400K$200K$0-$200KRevenue 2012: $115,979Expenses 2012: $200,013Net Income 2012: -$84,0342012Revenue 2013: $115,251Expenses 2013: $198,634Net Income 2013: -$83,3832013Revenue 2014: $115,422Expenses 2014: $229,891Net Income 2014: -$114,4692014Revenue 2015: $116,828Expenses 2015: $235,455Net Income 2015: -$118,6272015Revenue 2016: $102,809Expenses 2016: $230,167Net Income 2016: -$127,3582016Revenue 2017: $115,628Expenses 2017: $294,788Net Income 2017: -$179,1602017Revenue 2018: $114,623Expenses 2018: $235,024Net Income 2018: -$120,4012018Revenue 2019: $116,358Expenses 2019: $221,969Net Income 2019: -$105,6112019Revenue 2020: $136,141Expenses 2020: $221,990Net Income 2020: -$85,8492020Revenue 2021: $138,631Expenses 2021: $244,009Net Income 2021: -$105,3782021Revenue 2022: $123,174Expenses 2022: $279,675Net Income 2022: -$156,5012022Revenue 2023: $144,306Expenses 2023: $273,016Net Income 2023: -$128,7102023Revenue 2024: $163,750Expenses 2024: $295,468Net Income 2024: -$131,7182024Revenue 2025: $161,688Expenses 2025: $296,807Net Income 2025: -$135,1192025

Highlighted filing

2019

Revenue$116,358
Expenses$221,969
Net Income-$105,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 14, 2020
Return Version
2018v3.1
Gross Receipts
$116,358
Mission and Program Overview

Mission

A 19 unit apartment building is operated and managed to provide permanent affordable housing and independent living for persons with mental disabilities.

To provide low income housing for persons with mental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,785,847$1,711,367▼ $74,480
Savings and Temporary Cash Investments$6,271$14,877▲ $8,606
Accounts Receivable$8,541--
Prepaid Expenses and Deferred Charges$8,862$7,619▼ $1,243
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$1,904,379$1,840,378▼ $64,001
Other Assets Total$94,658$106,315▲ $11,657
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,296,332$3,336,787▲ $40,455
Accounts Payable and Accrued Expenses$19,780$20,826▲ $1,046
Other Liabilities$6,069$6,178▲ $109
Total Liabilities$3,322,181$3,363,791▲ $41,610
Net Assets / Fund Balance
Unrestricted Net Assets$-1,417,802$-1,523,413▼ $105,611
Total Net Assets Fund Balance$-1,417,802$-1,523,413▼ $105,611
Total Liabilities and Net Assets / Fund Balance$1,904,379$1,840,378▼ $64,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,702,136$1,120,011$2,822,147
Equipment$9,231$38,425$47,656
Other Assets Org$106,315--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Dave ChenokTreasurer$22,500$22,500

Board Members and Trustees

NameTitle
Seth KatzmanChair
Steve FieldsPresident
Alana HarringtonVice Chair
Leslie BilloroBd Member
Seth KatzmanBd Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$116,331
Investment Income
$27
Other Revenue
$0
Change in Net Assets
$-105,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,358
Total Revenue per Audited Statements
$116,358
Total Revenue per Form 990
$116,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,671
Salaries, Compensation, and Employee Benefits$22,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$74,480--$74,480
Interest$32,550--$32,550
Insurance$23,168--$23,168
Other Salaries and Wages$20,947--$20,947
Fees for Services Accounting-$10,850-$10,850
Office Expenses$4,457--$4,457
Fees for Services Management$3,192--$3,192
Payroll Taxes$1,351--$1,351
Other Expenses$60--$60
Total Functional Expenses$211,119$10,850$0$221,969

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$221,969
Total Expenses per Audited Statements$221,969
Total Expenses per Form 990$221,969
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
Federal income taxes$6,178
Tenant Security Deposits-
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
Yes

Governance Explanations

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

A copy of form 990 is made available to board members for their review prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public by making them available for inspection at the administrative office of the organization.

Form 990, Part VI, Section A, Line 9

Progress foundation staff provides management services to the property fro an annual management fee approved by hud.

Filing and Contact Details

Filer

Filer Name
Skyline Apartments
EIN
94-3400175
Phone
4158610828
Address
368 FELL STREET, SAN FRANCISCO, CA 94102

Signing Officer

Name
Mr Mark Debarr
Title
Controller
Phone
4158610828
Signed
2020-01-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Mr Steven Fields
Formed
2001
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Eben Lu CPA a Pc
Address
3749 BUCHANAN ST 836, SAN FRANCISCO, CA 94123
Preparer
Eben Lu
Phone
4156738608
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0566008
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0116358
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0114597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0115581
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0102741
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0116731
IRS990ScheduleA/Total509Grp/TotalAmt0566008
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0116385
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0114623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0115628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0102809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0116828
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0566273
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01702136
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01120011
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02822147
IRS990ScheduleD/EquipmentGrp/BookValueAmt09231
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047656
IRS990ScheduleD/ExpensesSubtotalAmt0221969
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0106315
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0HUD RESTRICTED CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0116358
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01711367
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0106315
IRS990ScheduleD/TotalExpensesPerForm990Amt0221969
IRS990ScheduleD/TotalLiabilityAmt06178
IRS990ScheduleD/TotalRevenuePerForm990Amt0116358
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0116358
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0221969
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0227441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE FIELDS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0227441
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS MADE AVAILABLE TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY MAKING THEM AVAILABLE FOR INSPECTION AT THE ADMINISTRATIVE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROGRESS FOUNDATION STAFF PROVIDES MANAGEMENT SERVICES TO THE PROPERTY FRO AN ANNUAL MANAGEMENT FEE APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11-A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROGRESS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0941716828
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501-C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE MENTAL HEALTH SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0X
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0368 FELL STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt024827
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL PR EXPENSE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PROGRESS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01904379
IRS990/TotalAssetsEOYAmt01840378
IRS990/TotalAssetsGrp/BOYAmt01904379
IRS990/TotalAssetsGrp/EOYAmt01840378
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010850
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211119
IRS990/TotalFunctionalExpensesGrp/TotalAmt0221969
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03322181
IRS990/TotalLiabilitiesEOYAmt03363791
IRS990/TotalLiabilitiesGrp/BOYAmt03322181
IRS990/TotalLiabilitiesGrp/EOYAmt03363791
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1417802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1523413
IRS990/TotalProgramServiceExpensesAmt0211119
IRS990/TotalProgramServiceRevenueAmt0116331
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116358
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116358
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01904379
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01840378
IRS990/TotReportableCompRltdOrgAmt0249941
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1417802
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1523413
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0369 FELL STREET

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.52$3.79$2.27$0.16$0.30$0.14
2024Detailed filing. Detailed filing data is available for this year.$1.54$3.68$2.13$0.16$0.30$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.58$3.58$2.00$0.14$0.27$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.62$3.49$1.87$0.12$0.28$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$3.41$1.71$0.14$0.24$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.79$3.40$1.61$0.14$0.22$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.84$3.36$1.52$0.12$0.22$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.90$3.32$1.42$0.11$0.24$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.98$3.28$1.30$0.12$0.29$0.18
2016Summary only. Only limited summary data is available for this year.$2.11$3.23$1.12$0.10$0.23$0.13
2015Summary only. Only limited summary data is available for this year.$2.20$3.20$0.99$0.12$0.24$0.12
2014Summary only. Only limited summary data is available for this year.$2.29$3.17$0.87$0.12$0.23$0.11
2013Summary only. Only limited summary data is available for this year.$2.37$3.13$0.76$0.12$0.20$0.08
2012Summary only. Only limited summary data is available for this year.$2.42$3.10$0.67$0.12$0.20$0.08