Civic Intelligence

Latin American CIVIC Association Inc

EIN 95-2402339 • 501(c)3 • Encino, CA

Profile

Social, charitable and civic. To operate low-income housing.

16060 Ventura Blvd 292Encino, CA 91436

n/A

Siviq Scores

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

Liabilities / Assets

98th percentile

2.14x

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

12.95x

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

33rd percentile

-1.6%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

7.1%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,300,201

Down $71,943 (-1.6%) from 2022

Liabilities

Up

$9,211,489

Up $94,791 (+1.0%) from 2022

Net Assets

Down

-$4,911,288

Down $166,734 (-3.5%) from 2022

Revenue

Up

$711,111

Up $47,265 (+7.1%) from 2022

Expenses

Up

$934,191

Up $40,355 (+4.5%) from 2022

Net Income

Up

-$223,080

Up $6,910 (+3.0%) from 2022

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2012: $641,874Liabilities 2012: $118,797Net Assets 2012: $523,0772012Assets 2013: $4,563,531Liabilities 2013: $7,557,089Net Assets 2013: -$2,993,5582013Assets 2014: $4,635,235Liabilities 2014: $7,700,120Net Assets 2014: -$3,064,8852014Assets 2015: $4,468,467Liabilities 2015: $7,905,449Net Assets 2015: -$3,436,9822015Assets 2016: $4,539,860Liabilities 2016: $8,114,279Net Assets 2016: -$3,574,4192016Assets 2017: $4,524,262Liabilities 2017: $8,220,188Net Assets 2017: -$3,695,9262017Assets 2018: $4,391,477Liabilities 2018: $8,346,258Net Assets 2018: -$3,954,7812018Assets 2019: $4,401,514Liabilities 2019: $8,533,110Net Assets 2019: -$4,131,5962019Assets 2020: $4,412,278Liabilities 2020: $8,697,106Net Assets 2020: -$4,284,8282020Assets 2021: $4,390,266Liabilities 2021: $8,907,885Net Assets 2021: -$4,517,6192021Assets 2022: $4,372,144Liabilities 2022: $9,116,698Net Assets 2022: -$4,744,5542022Assets 2023: $4,300,201Liabilities 2023: $9,211,489Net Assets 2023: -$4,911,2882023

Highlighted filing

2023

Assets$4,300,201
Liabilities$9,211,489
Net Assets-$4,911,288

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $95,262Expenses 2012: $40,141Net Income 2012: $55,1212012Revenue 2013: $529,329Expenses 2013: $501,235Net Income 2013: $28,0942013Revenue 2014: $642,069Expenses 2014: $713,396Net Income 2014: -$71,3272014Revenue 2015: $568,824Expenses 2015: $940,921Net Income 2015: -$372,0972015Revenue 2016: $637,889Expenses 2016: $775,326Net Income 2016: -$137,4372016Revenue 2017: $634,453Expenses 2017: $835,659Net Income 2017: -$201,2062017Revenue 2018: $630,851Expenses 2018: $900,065Net Income 2018: -$269,2142018Revenue 2019: $636,788Expenses 2019: $831,631Net Income 2019: -$194,8432019Revenue 2020: $651,619Expenses 2020: $986,451Net Income 2020: -$334,8322020Revenue 2021: $678,724Expenses 2021: $1,173,338Net Income 2021: -$494,6142021Revenue 2022: $663,846Expenses 2022: $893,836Net Income 2022: -$229,9902022Revenue 2023: $711,111Expenses 2023: $934,191Net Income 2023: -$223,0802023

Highlighted filing

2023

Revenue$711,111
Expenses$934,191
Net Income-$223,080

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$711,111
Mission and Program Overview

Mission

Social, charitable and civic. To operate low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,667,404$3,667,404→ $0
Cash and Non-Interest-Bearing Accounts$695,773$609,778▼ $85,995
Accounts Receivable$8,967$23,019▲ $14,052
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,372,144$4,300,201▼ $71,943
Other Assets Total-$0-
Liabilities
Other Liabilities$5,376,460$5,523,739▲ $147,279
Mortgage Notes Payable Secured by Investment Property$3,490,672$3,490,672→ $0
Accounts Payable and Accrued Expenses$249,566$197,078▼ $52,488
Total Liabilities$9,116,698$9,211,489▲ $94,791
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,744,554$-4,911,288▼ $166,734
Total Net Assets Fund Balance$-4,744,554$-4,911,288▼ $166,734
Total Liabilities and Net Assets / Fund Balance$4,372,144$4,300,201▼ $71,943

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,612,678$1,140,197$2,752,875
Leasehold Improvements$1,131,067$157,352$1,288,419
Land$891,980-$891,980
Other Land Buildings$31,679$45,294$76,973
Compensation and Service Providers

Board Members and Trustees

NameTitle
Albert MelenaChairman
Marcos SanchezDirector
Maria CaroDirector
Evie MarquesCEO
Carlos LanaMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$710,530
Investment Income
$581
Other Revenue
$0
Change in Net Assets
$-223,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$821,447
Salaries, Compensation, and Employee Benefits$112,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$169,538--$169,538
Depreciation Depletion$137,208--$137,208
Interest$106,609--$106,609
Other Salaries and Wages$97,802--$97,802
Fees for Services Management$60,000--$60,000
Fees for Services Accounting$27,175--$27,175
Fees for Services Other$26,511--$26,511
All Other Expenses$18,466--$18,466
Other Expenses$12,787--$12,787
Payroll Taxes$12,408--$12,408
Other Employee Benefits$2,534--$2,534
Office Expenses$2,001--$2,001
Travel$829--$829
Information Technology$590--$590
Total Functional Expenses$934,191$0$0$934,191
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
Accrued Interest$5,447,844
Security Deposit - Reg 50$42,727
Accrued Expenses$18,128
Accrued Liability$9,546
Security Deposit - Lapaz$5,494
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
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 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Latin American Civic Association Inc
EIN
95-2402339
Phone
8182699691
Address
16060 VENTURA BLVD 292, ENCINO, CA 91436

Signing Officer

Name
Irene Tovar
Title
Executive Director
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Linka and Associate CPA APC
Address
5959 Topanga Canyon Blvd Suite 335, Woodland Hills, CA 91367
Preparer
Shelby Linka
Phone
8186910060
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book/tax difference = $56346

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0255
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0380
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01361
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0710530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0663775
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0678650
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0651364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0636408
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03340727
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0581
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0255
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01361
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt03340727
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0710530
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0663775
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0678650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0651364
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0636408
IRS990ScheduleA/Total509Grp/TotalAmt03340727
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0663846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0678724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0651619
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0636788
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03342088
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01140197
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02752875
IRS990ScheduleD/LandGrp/BookValueAmt0891980
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0891980
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01131067
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0157352
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01288419
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031679
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045294
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15447844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29546
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35494
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt442727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSIT - LAPAZ
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SECURITY DEPOSIT - REG 50
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03667404
IRS990ScheduleD/TotalLiabilityAmt05523739
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DIFFERENCE = $56346
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04372144
IRS990/TotalAssetsEOYAmt04300201
IRS990/TotalAssetsGrp/BOYAmt04372144
IRS990/TotalAssetsGrp/EOYAmt04300201
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0934191
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09116698
IRS990/TotalLiabilitiesEOYAmt09211489
IRS990/TotalLiabilitiesGrp/BOYAmt09116698
IRS990/TotalLiabilitiesGrp/EOYAmt09211489
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4744554
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4911288
IRS990/TotalProgramServiceExpensesAmt0934191
IRS990/TotalProgramServiceRevenueAmt0710530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0711111
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0711111
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04372144
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04300201
IRS990/TravelGrp/ProgramServicesAmt0829
IRS990/TravelGrp/TotalAmt0829
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt016060 VENTURA BLVD 292
IRS990/USAddress/CityNm0ENCINO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091436
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IRENE TOVAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATIN AMERICAN CIVIC ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LATI

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