Civic Intelligence

Lake Forest Community Association

990 • Fiscal year 2017 • EIN 95-2577595

Jan 01, 2017 to Dec 31, 2017 • Filed on May 24, 2018

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

31st percentile

0.04x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.08x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2017

Net Margin

54th percentile

9.3%

Higher net margin than 54% of similar nonprofits.

2017 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2017 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2017

Asset Growth

46th percentile

2.6%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

5.4%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$6,075,373

Up $151,354 (+2.6%) from 2016

Net Assets

Up

$5,812,690

Up $321,009 (+5.8%) from 2016

Liabilities

Down

$262,683

Down $169,655 (-39%) from 2016

Revenue

Up

$3,440,384

Up $175,359 (+5.4%) from 2016

Expenses

Down

$3,119,375

Down $74,630 (-2.3%) from 2016

Net Income

Up

$321,009

Up $249,989 (+352%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$6,075,373
Liabilities$262,683
Net Assets$5,812,690

Operations Trend

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

2017

Revenue$3,440,384
Expenses$3,119,375
Net Income$321,009
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 24, 2018
Return Version
2017v2.3
Gross Receipts
$3,683,781
Mission and Program Overview

Mission

SEE STATEMENT 10

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,532,622$5,820,423▲ $287,801
Cash and Non-Interest-Bearing Accounts$241,246$117,902▼ $123,344
Land, Buildings, and Equipment, Net$30,167$50,700▲ $20,533
Accounts Receivable$32,052$47,317▲ $15,265
Prepaid Expenses and Deferred Charges$17,108$19,987▲ $2,879
Inventories for Sale or Use$14,762$13,872▼ $890
Total Assets$5,924,019$6,075,373▲ $151,354
Other Assets Total$56,062$5,172▼ $50,890
Liabilities
Accounts Payable and Accrued Expenses$392,133$209,607▼ $182,526
Other Liabilities$40,205$53,076▲ $12,871
Total Liabilities$432,338$262,683▼ $169,655
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,700,368$5,287,873▲ $587,505
Unrestricted Net Assets$791,313$524,817▼ $266,496
Total Net Assets Fund Balance$5,491,681$5,812,690▲ $321,009
Total Liabilities and Net Assets / Fund Balance$5,924,019$6,075,373▲ $151,354

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$50,700$240,306$291,006
Compensation and Service Providers

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$587,392
Premier PavingLake Repairs10747 FREEMONT AVE, Ontario, CA 91762$432,873
J Bak DevelopmentConcrete Work22136 ELSBERRY LN, Lake Forest, CA 92630$167,720
Leedav-co INC-25091 SALFORD ST, Laguna Hills, CA 92653$110,003
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,251,925
Investment Income
$49,924
Other Revenue
$138,535
Change in Net Assets
$321,009

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,440,384
Total Revenue per Audited Statements
$3,440,384
Total Revenue per Form 990
$3,440,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,002,839
Salaries, Compensation, and Employee Benefits$1,116,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$863,182$253,354-$1,116,536
All Other Expenses$456,938$83,855-$540,793
Occupancy$234,221--$234,221
Other Expenses$157,773--$157,773
Fees for Services Legal-$102,000-$102,000
Fees for Services Other$36,291--$36,291
Depreciation Depletion$12,667--$12,667
Information Technology-$4,887-$4,887
Fees for Services Accounting-$3,800-$3,800
Total Functional Expenses$2,671,479$447,896$0$3,119,375

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,119,375
Total Expenses per Audited Statements$3,119,375
Total Expenses per Form 990$3,119,375
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$268,700
Fundraising Direct Expenses$232,780
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Preschool$217,196$217,196$187,618$29,578
Recreation Room$33,349$33,349$1,835$31,514
Total Events$268,700$268,700$232,780$35,920
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Assessments$49,004
Clubhouse Deposits$2,775
Community Spirit Fund Liability$1,297
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
2018-05-24
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 DR STE M3A, COSTA MESA, CA 92626-7934
Preparer
Steven Schonwit
Phone
7144371025
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Club maintenance 118,217 0 0 lake & lagoon maint. 105,006 0 0 pool maintenance 104,022 0 0 insurance 58,590 0 0 management fees 0 34,800 0 printing/postage 27,495 0 0 collection expenses 0 13,090 0 office equipment/maint. 0 11,522 0 village news 10,790 0 0 reserve study 9,950 0 0 general and admin 0 9,795 0 community relations 8,702 0 0 education 6,728 0 0 office supplies 0 6,633 0 tennis & sports court 4,950 0 0 telephone 0 4,531 0 dues/subscriptions 0 3,484 0 erosion control 2,488 0 0 total 456,938 83,855 0

Raw XML Appendix382 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/EquipmentGrp/DepreciationAmt0240306
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0291006
IRS990ScheduleD/ExpensesSubtotalAmt03119375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12775
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID ASSESSMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLUBHOUSE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMMUNITY SPIRIT FUND LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt03440384
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050700
IRS990ScheduleD/TotalExpensesPerForm990Amt03119375
IRS990ScheduleD/TotalLiabilityAmt053076
IRS990ScheduleD/TotalRevenuePerForm990Amt03440384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03440384
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03119375
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0232780
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PRESCHOOL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0RECREATION ROOM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0217196
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt033349
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt018155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0268700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0217196
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt033349
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt018155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0268700
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035920
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt043327
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0232780
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0187618
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01835
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 118,217 0 0 LAKE & LAGOON MAINT. 105,006 0 0 POOL MAINTENANCE 104,022 0 0 INSURANCE 58,590 0 0 MANAGEMENT FEES 0 34,800 0 PRINTING/POSTAGE 27,495 0 0 COLLECTION EXPENSES 0 13,090 0 OFFICE EQUIPMENT/MAINT. 0 11,522 0 VILLAGE NEWS 10,790 0 0 RESERVE STUDY 9,950 0 0 GENERAL AND ADMIN 0 9,795 0 COMMUNITY RELATIONS 8,702 0 0 EDUCATION 6,728 0 0 OFFICE SUPPLIES 0 6,633 0 TENNIS & SPORTS COURT 4,950 0 0 TELEPHONE 0 4,531 0 DUES/SUBSCRIPTIONS 0 3,484 0 EROSION CONTROL 2,488 0 0 TOTAL 456,938 83,855 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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04700368
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05287873
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05924019
IRS990/TotalAssetsEOYAmt06075373
IRS990/TotalAssetsGrp/BOYAmt05924019
IRS990/TotalAssetsGrp/EOYAmt06075373
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0447896
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02671479
IRS990/TotalFunctionalExpensesGrp/TotalAmt03119375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0432338
IRS990/TotalLiabilitiesEOYAmt0262683
IRS990/TotalLiabilitiesGrp/BOYAmt0432338
IRS990/TotalLiabilitiesGrp/EOYAmt0262683
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05491681
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05812690
IRS990/TotalOtherProgSrvcExpenseAmt036291
IRS990/TotalProgramServiceExpensesAmt02671479
IRS990/TotalProgramServiceRevenueAmt03251925
IRS990/TotalRevenueGrp/ExclusionAmt049924
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03354540
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03440384
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05924019
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06075373
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0791313
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0524817
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID GLICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09497687261
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-24
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/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.107.162.66
ReturnHeader/FilingSecurityInformation/IPDt02018-06-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:32:35
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/PreparationDt02018-05-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN SCHONWIT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-06-05T08:32:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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