Civic Intelligence

Lake Forest Community Association

EIN 95-2577595 • 501(c)4 • Lake Forest, CA

Profile

SEE STATEMENT 10

22921 Ridge Route DriveLake Forest, CA 92630

www.lfca1.com

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2020

Net Margin

55th percentile

11%

Higher net margin than 55% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

58th percentile

7.7%

Faster asset growth than 58% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-21%

Faster revenue growth than 11% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$6,694,922

Up $481,259 (+7.7%) from 2019

Liabilities

Down

$228,597

Down $99,015 (-30%) from 2019

Net Assets

Up

$6,466,325

Up $580,274 (+9.9%) from 2019

Operations
Liabilities / Revenue44th percentileNet Margin55th percentile

Revenue

Down

$3,498,141

Down $958,076 (-21%) from 2019

Expenses

Down

$3,121,992

Down $1,066,656 (-25%) from 2019

Net Income

Up

$376,149

Up $108,580 (+41%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth58th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,702,039Liabilities 2011: $246,972Net Assets 2011: $4,455,0672011Assets 2012: $5,156,183Liabilities 2012: $115,517Net Assets 2012: $5,040,6662012Assets 2013: $5,337,043Liabilities 2013: $384,780Net Assets 2013: $4,952,2632013Assets 2014: $5,291,412Liabilities 2014: $156,474Net Assets 2014: $5,134,9382014Assets 2015: $5,601,596Liabilities 2015: $180,935Net Assets 2015: $5,420,6612015Assets 2016: $5,924,019Liabilities 2016: $432,338Net Assets 2016: $5,491,6812016Assets 2017: $6,075,373Liabilities 2017: $262,683Net Assets 2017: $5,812,6902017Assets 2018: $5,814,663Liabilities 2018: $196,181Net Assets 2018: $5,618,4822018Assets 2019: $6,213,663Liabilities 2019: $327,612Net Assets 2019: $5,886,0512019Assets 2020: $6,694,922Liabilities 2020: $228,597Net Assets 2020: $6,466,3252020

Highlighted filing

2020

Assets$6,694,922
Liabilities$228,597
Net Assets$6,466,325
Open 2020 Filing

Operations Trend

Revenue Growth11th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,233,522Expenses 2011: $2,741,794Net Income 2011: $491,7282011Revenue 2012: $3,262,966Expenses 2012: $2,677,367Net Income 2012: $585,5992012Revenue 2013: $3,411,612Expenses 2013: $3,500,015Net Income 2013: -$88,4032013Revenue 2014: $3,413,174Expenses 2014: $3,230,499Net Income 2014: $182,6752014Revenue 2015: $3,288,842Expenses 2015: $3,003,119Net Income 2015: $285,7232015Revenue 2016: $3,265,025Expenses 2016: $3,194,005Net Income 2016: $71,0202016Revenue 2017: $3,440,384Expenses 2017: $3,119,375Net Income 2017: $321,0092017Revenue 2018: $3,546,748Expenses 2018: $3,740,956Net Income 2018: -$194,2082018Revenue 2019: $4,456,217Expenses 2019: $4,188,648Net Income 2019: $267,5692019Revenue 2020: $3,498,141Expenses 2020: $3,121,992Net Income 2020: $376,1492020

Highlighted filing

2020

Revenue$3,498,141
Expenses$3,121,992
Net Income$376,149
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,694,922
Liabilities
$228,597
Net assets
$6,466,325
Revenue
$3,498,141
Expenses
$3,121,992
Net income
$376,149
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$6.69$0.23$6.47$3.50$3.12$0.38
2019Detailed filing. Detailed filing data is available for this year.$6.21$0.33$5.89$4.46$4.19$0.27
2018Detailed filing. Detailed filing data is available for this year.$5.81$0.20$5.62$3.55$3.74$0.19
2017Detailed filing. Detailed filing data is available for this year.$6.08$0.26$5.81$3.44$3.12$0.32
2016Detailed filing. Detailed filing data is available for this year.$5.92$0.43$5.49$3.27$3.19$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.60$0.18$5.42$3.29$3.00$0.29
2014Detailed filing. Detailed filing data is available for this year.$5.29$0.16$5.13$3.41$3.23$0.18
2013Summary only. Only limited summary data is available for this year.$5.34$0.38$4.95$3.41$3.50$0.09
2012Summary only. Only limited summary data is available for this year.$5.16$0.12$5.04$3.26$2.68$0.59
2011Summary only. Only limited summary data is available for this year.$4.70$0.25$4.46$3.23$2.74$0.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 21, 2021
Return Version
2020v4.0
Gross Receipts
$3,700,985
Mission and Program Overview

Mission

SEE STATEMENT 10

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,397,571$6,041,805▲ $644,234
Cash and Non-Interest-Bearing Accounts$557,921$491,487▼ $66,434
Land, Buildings, and Equipment, Net$118,319$95,387▼ $22,932
Accounts Receivable$104,724$48,350▼ $56,374
Prepaid Expenses and Deferred Charges$17,143$16,852▼ $291
Total Assets$6,213,663$6,694,922▲ $481,259
Other Assets Total$17,985$1,041▼ $16,944
Liabilities
Accounts Payable and Accrued Expenses$261,283$171,504▼ $89,779
Other Liabilities$66,329$57,093▼ $9,236
Total Liabilities$327,612$228,597▼ $99,015
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,271,832$5,723,730▲ $451,898
Net Assets Without Donor Restrictions$614,219$742,595▲ $128,376
Total Net Assets Fund Balance$5,886,051$6,466,325▲ $580,274
Total Liabilities and Net Assets / Fund Balance$6,213,663$6,694,922▲ $481,259

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$95,387$268,472$363,859
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jeffrey NelsonPresident
Kristin EldredBoard Member
Anne BreuerSecretary
Jeff MiyaokaTreasurer
David GlickVice-preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Bemus LandscapeLandscape Serv1225 PUERTA DEL SOL SUITE 500, San Clemente, CA 92673$468,436
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,453,456
Investment Income
$35,905
Other Revenue
$8,780
Change in Net Assets
$376,149

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,498,141
Total Revenue per Audited Statements
$3,498,141
Total Revenue per Form 990
$3,498,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,014,931
Salaries, Compensation, and Employee Benefits$1,107,061
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$816,752$290,309-$1,107,061
All Other Expenses$331,915$75,926-$407,841
Fees for Services Legal$318,340$53,760-$372,100
Occupancy$154,111--$154,111
Other Expenses$85,501--$85,501
Depreciation Depletion$22,932--$22,932
Information Technology$5,609--$5,609
Fees for Services Accounting-$4,125-$4,125
Fees for Services Other$296--$296
Total Functional Expenses$2,697,872$424,120$0$3,121,992

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,121,992
Total Expenses per Audited Statements$3,121,992
Total Expenses per Form 990$3,121,992
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$201,150
Fundraising Gross Income$148,386
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Preschool$140,676$140,676$185,805$-45,129
Total Events$140,676$140,676$185,805$-45,129
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Assessments$56,793
Clubhouse Deposits$300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“ELITE PROPERTY SERVICES”

Form 990, Page 6, Part VI, Line 11B

“The board of directors approve financial statements before submission to outside accountant and then reviews the 990 to ensure it matches with financial statements and policies.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available for review in community office or property management office upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Forest Community Association
EIN
95-2577595
Phone
9497687261
Address
22921 RIDGE ROUTE DRIVE, LAKE FOREST, CA 92630

Signing Officer

Name
Jeffrey Nelson
Title
President
Phone
9497687261
Signed
2021-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Nelson
Formed
1968
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Schonwit & Associates CPA
Address
151 KALMUS DR STE M3A, COSTA MESA, CA 92626-7934
Preparer
Steven Schonwit
Phone
7144371025
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide maintenance and common area enhancements for the lake forest community in-line with the association's mission statement.”

Form 990, Part IX, Line 24E

“Fencing & walls 72,740 0 0 street maint & repairs 71,114 0 0 insurance 64,010 0 0 pool maintenance 46,117 0 0 management fees 0 37,200 0 roofing 30,433 0 0 printing/postage 22,165 0 0 collection expenses 0 18,479 0 village news 11,126 0 0 general and admin 0 9,350 0 reserve study 8,000 0 0 office supplies 0 6,068 0 education 3,520 0 0 telephone 0 3,439 0 tennis & sports court 1,803 0 0 property taxes 0 1,226 0 dues/subscriptions 887 0 0 office equipment/maint. 0 164 0 total 331,915 75,926 0”

Form 990, Part XI, Line 9

“Gain on forgiveness of debt 204,125”

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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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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05397571
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06041805
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt095387
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0268472
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0363859
IRS990ScheduleD/ExpensesSubtotalAmt03121992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID ASSESSMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLUBHOUSE DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt03498141
IRS990ScheduleD/TotalBookValueLandBuildingsAmt095387
IRS990ScheduleD/TotalExpensesPerForm990Amt03121992
IRS990ScheduleD/TotalLiabilityAmt057093
IRS990ScheduleD/TotalRevenuePerForm990Amt03498141
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03498141
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03121992
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0185805
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PRESCHOOL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0140676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0140676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0140676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0140676
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-45129
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0185805
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0185805
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE MAINTENANCE AND COMMON AREA ENHANCEMENTS FOR THE LAKE FOREST COMMUNITY IN-LINE WITH THE ASSOCIATION'S MISSION STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELITE PROPERTY SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVE FINANCIAL STATEMENTS BEFORE SUBMISSION TO OUTSIDE ACCOUNTANT AND THEN REVIEWS THE 990 TO ENSURE IT MATCHES WITH FINANCIAL STATEMENTS AND POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW IN COMMUNITY OFFICE OR PROPERTY MANAGEMENT OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FENCING & WALLS 72,740 0 0 STREET MAINT & REPAIRS 71,114 0 0 INSURANCE 64,010 0 0 POOL MAINTENANCE 46,117 0 0 MANAGEMENT FEES 0 37,200 0 ROOFING 30,433 0 0 PRINTING/POSTAGE 22,165 0 0 COLLECTION EXPENSES 0 18,479 0 VILLAGE NEWS 11,126 0 0 GENERAL AND ADMIN 0 9,350 0 RESERVE STUDY 8,000 0 0 OFFICE SUPPLIES 0 6,068 0 EDUCATION 3,520 0 0 TELEPHONE 0 3,439 0 TENNIS & SPORTS COURT 1,803 0 0 PROPERTY TAXES 0 1,226 0 DUES/SUBSCRIPTIONS 887 0 0 OFFICE EQUIPMENT/MAINT. 0 164 0 TOTAL 331,915 75,926 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GAIN ON FORGIVENESS OF DEBT 204,125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06213663
IRS990/TotalAssetsEOYAmt06694922
IRS990/TotalAssetsGrp/BOYAmt06213663
IRS990/TotalAssetsGrp/EOYAmt06694922
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0424120
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02697872
IRS990/TotalFunctionalExpensesGrp/TotalAmt03121992
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0327612
IRS990/TotalLiabilitiesEOYAmt0228597
IRS990/TotalLiabilitiesGrp/BOYAmt0327612
IRS990/TotalLiabilitiesGrp/EOYAmt0228597
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05886051
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06466325
IRS990/TotalOtherProgSrvcExpenseAmt0324245
IRS990/TotalProgramServiceExpensesAmt02697872
IRS990/TotalProgramServiceRevenueAmt03453456
IRS990/TotalRevenueGrp/ExclusionAmt035905
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03515000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03498141
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06213663
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06694922
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt022921 RIDGE ROUTE DRIVE
IRS990/USAddress/CityNm0LAKE FOREST
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092630
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.LFCA1.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09497687261
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE FOREST COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0952577595
ReturnHeader/Filer/PhoneNum09497687261
ReturnHeader/Filer/USAddress/AddressLine1Txt022921 RIDGE ROUTE DRIVE
ReturnHeader/Filer/USAddress/CityNm0LAKE FOREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092630
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330631252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHONWIT & ASSOCIATES CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0151 KALMUS DR STE M3A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COSTA MESA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0926267934
ReturnHeader/PreparerPersonGrp/PhoneNum07144371025
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN SCHONWIT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-16T23:02:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NELSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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