Civic Intelligence

Lake Forest Community Association

990 • Fiscal year 2016 • EIN 95-2577595

Jan 01, 2016 to Dec 31, 2016 • Filed on May 03, 2017

Organization ProfileWWW.LFCA1.COM
22921 Ridge Route DriveLake Forest, CA 92630

(949) 768-7261

Siviq Scores

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

Liabilities / Assets

36th percentile

0.07x

Higher debt load relative to assets than 36% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.13x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Net Margin

38th percentile

2.2%

Higher net margin than 38% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Asset Growth

65th percentile

5.8%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-0.7%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$5,924,019

Up $322,423 (+5.8%) from 2015

Net Assets

Up

$5,491,681

Up $71,020 (+1.3%) from 2015

Liabilities

Up

$432,338

Up $251,403 (+139%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin38th percentile

Revenue

Down

$3,265,025

Down $23,817 (-0.7%) from 2015

Expenses

Up

$3,194,005

Up $190,886 (+6.4%) from 2015

Net Income

Down

$71,020

Down $214,703 (-75%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$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

2016

Assets$5,924,019
Liabilities$432,338
Net Assets$5,491,681
Open 2016 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$3,265,025
Expenses$3,194,005
Net Income$71,020
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 3, 2017
Return Version
2016v3.0
Gross Receipts
$3,543,532
Mission and Program Overview

Mission

SEE STATEMENT 10

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,911,238$5,532,622▲ $621,384
Cash and Non-Interest-Bearing Accounts$499,623$241,246▼ $258,377
Accounts Receivable$45,004$32,052▼ $12,952
Land, Buildings, and Equipment, Net$41,709$30,167▼ $11,542
Prepaid Expenses and Deferred Charges$19,883$17,108▼ $2,775
Inventories for Sale or Use$15,551$14,762▼ $789
Total Assets$5,601,596$5,924,019▲ $322,423
Other Assets Total$68,588$56,062▼ $12,526
Liabilities
Accounts Payable and Accrued Expenses$131,546$392,133▲ $260,587
Other Liabilities$49,389$40,205▼ $9,184
Total Liabilities$180,935$432,338▲ $251,403
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,593,812$4,700,368▲ $106,556
Unrestricted Net Assets$826,849$791,313▼ $35,536
Total Net Assets Fund Balance$5,420,661$5,491,681▲ $71,020
Total Liabilities and Net Assets / Fund Balance$5,601,596$5,924,019▲ $322,423

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,167$227,639$257,806
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
David GlickPresident
Jeff MiyaokaDirector
Anne BreuerSecretary
Jeffrey NelsonTreasurer
Ron AllenVice-preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Bemus LandscapeLandscape Serv1225 PUERTA DEL SOL SUITE 500, San Clemente, CA 92673$451,189
Premier PavingLake Repairs10747 FREEMONT AVE, Ontario, CA 91762$136,723
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,144,318
Investment Income
$44,161
Other Revenue
$76,546
Change in Net Assets
$71,020

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,265,025
Total Revenue per Audited Statements
$3,265,025
Total Revenue per Form 990
$3,265,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,969,086
Salaries, Compensation, and Employee Benefits$1,224,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$921,345$303,574-$1,224,919
All Other Expenses$281,382$134,440-$415,822
Occupancy$225,473--$225,473
Other Expenses$100,832--$100,832
Fees for Services Legal-$92,327-$92,327
Fees for Services Other$35,348--$35,348
Depreciation Depletion$16,685--$16,685
Information Technology-$7,191-$7,191
Fees for Services Accounting-$3,800-$3,800
Total Functional Expenses$2,652,673$541,332$0$3,194,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,194,005
Total Expenses per Audited Statements$3,194,005
Total Expenses per Form 990$3,194,005
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$261,630
Fundraising Gross Income$244,026
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Preschool$206,147$206,147$221,339$-15,192
Recreation Room$23,035$23,035$1,928$21,107
Total Events$244,026$244,026$261,630$-17,604
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Assessments$36,705
Clubhouse Deposits$3,500
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, 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
David Glick
Title
President
Phone
9497687261
Signed
2017-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Glick
Formed
1968
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Schonwit & Associates CPA
Address
151 KALMUS DRIVE M-3, COSTA MESA, CA 92626
Preparer
Steven Schonwit
Phone
7144371025
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Club maintenance 97,614 0 0 insurance 0 62,005 0 pool maintenance 55,947 0 0 street cleaning 36,659 0 0 management fees 0 34,800 0 printing/postage 33,123 0 0 village news 14,407 0 0 collection expenses 0 12,243 0 general maintenance/repai 11,548 0 0 property/patrol services 10,400 0 0 reserve study 9,950 0 0 general and admin 9,947 0 0 office equipment/maint. 0 9,842 0 office supplies 0 6,670 0 telephone 0 4,954 0 education 0 3,926 0 dues/subscriptions 1,661 0 0 tennis & sports court 126 0 0 total 281,382 134,440 0”

Raw XML Appendix362 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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0206147
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt023035
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt014844
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0244026
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-17604
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt038363
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0261630
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0221339
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01928
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELITE PROPERTY SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW IN COMMUNITY OFFICE OR PROPERTY MANAGEMENT OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CLUB MAINTENANCE 97,614 0 0 INSURANCE 0 62,005 0 POOL MAINTENANCE 55,947 0 0 STREET CLEANING 36,659 0 0 MANAGEMENT FEES 0 34,800 0 PRINTING/POSTAGE 33,123 0 0 VILLAGE NEWS 14,407 0 0 COLLECTION EXPENSES 0 12,243 0 GENERAL MAINTENANCE/REPAI 11,548 0 0 PROPERTY/PATROL SERVICES 10,400 0 0 RESERVE STUDY 9,950 0 0 GENERAL AND ADMIN 9,947 0 0 OFFICE EQUIPMENT/MAINT. 0 9,842 0 OFFICE SUPPLIES 0 6,670 0 TELEPHONE 0 4,954 0 EDUCATION 0 3,926 0 DUES/SUBSCRIPTIONS 1,661 0 0 TENNIS & SPORTS COURT 126 0 0 TOTAL 281,382 134,440 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04700368
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt05924019
IRS990/TotalAssetsGrp/BOYAmt05601596
IRS990/TotalAssetsGrp/EOYAmt05924019
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0541332
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02652673
IRS990/TotalFunctionalExpensesGrp/TotalAmt03194005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0180935
IRS990/TotalLiabilitiesEOYAmt0432338
IRS990/TotalLiabilitiesGrp/BOYAmt0180935
IRS990/TotalLiabilitiesGrp/EOYAmt0432338
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05420661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05491681
IRS990/TotalOtherProgSrvcExpenseAmt035348
IRS990/TotalProgramServiceExpensesAmt02652673
IRS990/TotalProgramServiceRevenueAmt03144318
IRS990/TotalRevenueGrp/ExclusionAmt044161
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03238468
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03265025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05601596
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05924019
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0826849
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0791313
IRS990/USAddress/AddressLine1Txt022642 SHADY GROVE
IRS990/USAddress/CityNm0LAKE FOREST
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092630
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.LFCA1.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID GLICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09497687261
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-03
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/FilingSecurityInformation/AtSubmissionCreationDeviceId02E1087CC69F7A91E897C2783D9EBA1A48DC95E6E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02E1087CC69F7A91E897C2783D9EBA1A48DC95E6E
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330631252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHONWIT & ASSOCIATES CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0151 KALMUS DRIVE M-3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COSTA MESA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092626
ReturnHeader/PreparerPersonGrp/PhoneNum07144371025
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN SCHONWIT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-08T19:35:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,924,019
Liabilities
$432,338
Net assets
$5,491,681
Revenue
$3,265,025
Expenses
$3,194,005
Net income
$71,020
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