Civic Intelligence

Morrison Ranch Homeowners Association

990 • Fiscal year 2022 • EIN 95-3452899

Mar 01, 2021 to Feb 28, 2022 • Filed on Mar 17, 2023

Organization ProfileN/A
20847 Sherman WayWinnetka, CA 91306

(818) 778-3331

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.16x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-12%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$3,644,484

Down $470,777 (-11%) from 2021

Net Assets

Down

$3,536,580

Down $162,066 (-4.4%) from 2021

Liabilities

Down

$107,904

Down $308,711 (-74%) from 2021

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin12th percentile

Revenue

Down

$672,126

Down $94,955 (-12%) from 2021

Expenses

Up

$834,192

Up $43,363 (+5.5%) from 2021

Net Income

Down

-$162,066

Down $138,318 (-582%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $3,003,849Liabilities 2012: $39,125Net Assets 2012: $2,964,7242012Assets 2013: $3,377,994Liabilities 2013: $27,993Net Assets 2013: $3,350,0012013Assets 2014: $3,912,866Liabilities 2014: $298,462Net Assets 2014: $3,614,4042014Assets 2015: $4,114,717Liabilities 2015: $354,892Net Assets 2015: $3,759,8252015Assets 2016: $4,057,285Liabilities 2016: $302,910Net Assets 2016: $3,754,3752016Assets 2017: $4,124,267Liabilities 2017: $401,683Net Assets 2017: $3,722,5842017Assets 2018: $4,055,760Liabilities 2018: $409,639Net Assets 2018: $3,646,1212018Assets 2019: $4,124,878Liabilities 2019: $405,418Net Assets 2019: $3,719,4602019Assets 2020: $4,120,250Liabilities 2020: $397,856Net Assets 2020: $3,722,3942020Assets 2021: $4,115,261Liabilities 2021: $416,615Net Assets 2021: $3,698,6462021Assets 2022: $3,644,484Liabilities 2022: $107,904Net Assets 2022: $3,536,5802022Assets 2023: $3,632,925Liabilities 2023: $199,088Net Assets 2023: $3,433,8372023Assets 2024: $3,728,983Liabilities 2024: $392,040Net Assets 2024: $3,336,9432024Assets 2025: $3,951,543Liabilities 2025: $313,625Net Assets 2025: $3,637,9182025

Highlighted filing

2022

Assets$3,644,484
Liabilities$107,904
Net Assets$3,536,580
Open 2022 Filing

Operations Trend

Revenue Growth24th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $1,240,673Expenses 2012: $838,411Net Income 2012: $402,2622012Revenue 2013: $1,094,286Expenses 2013: $709,009Net Income 2013: $385,2772013Revenue 2014: $1,049,852Expenses 2014: $785,449Net Income 2014: $264,4032014Revenue 2015: $872,697Expenses 2015: $727,276Net Income 2015: $145,4212015Revenue 2016: $723,586Expenses 2016: $729,036Net Income 2016: -$5,4502016Revenue 2017: $722,345Expenses 2017: $754,136Net Income 2017: -$31,7912017Revenue 2018: $742,092Expenses 2018: $818,555Net Income 2018: -$76,4632018Revenue 2019: $800,928Expenses 2019: $727,589Net Income 2019: $73,3392019Revenue 2020: $777,481Expenses 2020: $774,547Net Income 2020: $2,9342020Revenue 2021: $767,081Expenses 2021: $790,829Net Income 2021: -$23,7482021Revenue 2022: $672,126Expenses 2022: $834,192Net Income 2022: -$162,0662022Revenue 2023: $720,946Expenses 2023: $823,689Net Income 2023: -$102,7432023Revenue 2024: $1,117,606Expenses 2024: $1,154,500Net Income 2024: -$36,8942024Revenue 2025: $1,365,394Expenses 2025: $1,064,419Net Income 2025: $300,9752025

Highlighted filing

2022

Revenue$672,126
Expenses$834,192
Net Income-$162,066
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Mar 17, 2023
Return Version
2021v4.2
Gross Receipts
$672,126
Mission and Program Overview

Mission

SEE STATEMENT O

The specific and primary purposes of the association are to bring about civic betterment and social improvements by providing for the preservation of the architecture and appearance of the community, and by owning, operating, and maintaining the properties for use of all residents in the entire community on certain real property located in agoura hills, calif. Among the general purposes is to promote the common good, health, safety, and general welfare of all residents within the community. The population of the association is approximately 3,000. No grants are provided to others. The association owns and maintains common area property which is primarily slopes and greenbelts containing sidewalks and monuments. All facilities are available to residents and their guests on an unrestricted basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,683,610$3,611,842▼ $71,768
Rtn Earn Endowment Incm Other Fnds$2,852,431$2,955,973▲ $103,542
Cap Stk Tr Prin Current Funds$846,215$580,607▼ $265,608
Accounts Receivable$35,989$24,860▼ $11,129
Prepaid Expenses and Deferred Charges$19,189$20,608▲ $1,419
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cash and Non-Interest-Bearing Accounts$376,473$-12,826▼ $389,299
Total Assets$4,115,261$3,644,484▼ $470,777
Liabilities
Accounts Payable and Accrued Expenses$15,075$62,590▲ $47,515
Deferred Revenue$401,540$45,314▼ $356,226
Total Liabilities$416,615$107,904▼ $308,711
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,698,646$3,536,580▼ $162,066
Total Liabilities and Net Assets / Fund Balance$4,115,261$3,644,484▼ $470,777
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Carol SolomonPresident
Richard SpeigelVice President
Michael PerlmutterMember at Large
Jan GerstelSecretary
Mark HymanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Venco Western INCMonthly Landscaping/slopes2400 EASTMAN AVENUE, Oxnard, CA 93030$425,325
Revenue and Support

Revenue Composition

Contributions and Grants
$662,040
Program Service Revenue
$0
Investment Income
$2,032
Other Revenue
$8,054
Change in Net Assets
$-162,066

Audited Revenue Reconciliation

Revenue per Audited Statements
$568,584
Revenue Not Reported on Financial Statements
$103,542
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$103,542
Total Revenue per Audited Statements
$568,584
Total Revenue per Form 990
$672,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$834,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$74,067-$74,067
All Other Expenses$43,713$5,323-$49,036
Other Expenses$19,390$52,822-$19,390
Insurance-$8,998-$8,998
Fees for Services Legal-$8,843-$8,843
Occupancy-$6,590-$6,590
Fees for Services Accounting-$1,848-$1,848
Total Functional Expenses$675,701$158,491$0$834,192

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$834,192
Total Expenses per Audited Statements$834,192
Total Expenses per Form 990$834,192
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association uses the services of lordon management to handle day to day operations of the development including collections, bill payments, homeowner assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.”

Form 990, Part VI, Section A, Line 6

“Upon purchase of a home within the development, each owner becomes a member of the association.”

Form 990, Part VI, Section A, Line 7A

“The board of directors are voted upon by the membership at an annual meeting which requires a quorum of 50% of the 1,226 voting members. Board members serve a 2 year term.”

Form 990, Part VI, Section A, Line 7B

“Dues increases in excess of the 20% allowed by the davis-sterling act are subject to the approval of the membership. Special assessments in excess of 5% of the budget are also subject to membership approval.”

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

“Upon preparation, the association's board of directors is provided with a copy of form 990. After reviewing the return, a board member signs as the association officer and files the return.”

Form 990, Part VI, Section B, Line 12C

“The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.”

Form 990, Part VI, Section B, Line 15

“N/A”

Form 990, Part VI, Section C, Line 19

“Upon purchase of a home within the development, each owner receives a copy of the association's governing documents through escrow. Copies of the conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Morrison Ranch Estates Hoa
EIN
95-3452899
Phone
8187783331
Address
20847 SHERMAN WAY, WINNETKA, CA 91306

Signing Officer

Name
Jan Gerstel
Title
Secretary
Phone
8187783331
Signed
2023-03-17

Organization Details

Principal Officer
Jan Gerstel
Formed
1979
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Owens Moskowitz and Associates Inc
Address
27792 EL LAZO, LAGUNA NIGUEL, CA 92677
Preparer
Robert a Owens CPA
Phone
9498515020
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Dues deferred as contract liabilities under fasb 606 103,542.”

Raw XML Appendix335 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/TotExpnsEtcAuditedFinclStmtAmt0834192
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USES THE SERVICES OF LORDON MANAGEMENT TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 1,226 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON PREPARATION, THE ASSOCIATION'S BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF FORM 990. AFTER REVIEWING THE RETURN, A BOARD MEMBER SIGNS AS THE ASSOCIATION OFFICER AND FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04115261
IRS990/TotalAssetsEOYAmt03644484
IRS990/TotalAssetsGrp/BOYAmt04115261
IRS990/TotalAssetsGrp/EOYAmt03644484
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0662040
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0158491
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0675701
IRS990/TotalFunctionalExpensesGrp/TotalAmt0834192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0416615
IRS990/TotalLiabilitiesEOYAmt0107904
IRS990/TotalLiabilitiesGrp/BOYAmt0416615
IRS990/TotalLiabilitiesGrp/EOYAmt0107904
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03698646
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03536580
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0675701
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0672126
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04115261
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03644484
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020847 SHERMAN WAY
IRS990/USAddress/CityNm0WINNETKA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091306
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAN GERSTEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08187783331
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORRISON RANCH ESTATES HOA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O HOA ORGANIZERS
ReturnHeader/Filer/BusinessNameControlTxt0MORR
ReturnHeader/Filer/EIN0953452899
ReturnHeader/Filer/PhoneNum08187783331
ReturnHeader/Filer/USAddress/AddressLine1Txt020847 SHERMAN WAY
ReturnHeader/Filer/USAddress/CityNm0WINNETKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091306
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330244756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OWENS MOSKOWITZ AND ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027792 EL LAZO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGUNA NIGUEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092677
ReturnHeader/PreparerPersonGrp/PhoneNum09498515020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A OWENS CPA
ReturnHeader/ReturnTs02023-03-20T16:17:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GERSTEL
ReturnHeader/TaxPeriodBeginDt02021-03-01
ReturnHeader/TaxPeriodEndDt02022-02-28
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,644,484
Liabilities
$107,904
Net assets
$3,536,580
Revenue
$672,126
Expenses
$834,192
Net income
-$162,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.95$0.31$3.64$1.37$1.06$0.30
2024Detailed filing. Detailed filing data is available for this year.$3.73$0.39$3.34$1.12$1.15$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.63$0.20$3.43$0.72$0.82$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.64$0.11$3.54$0.67$0.83$0.16
2021Detailed filing. Detailed filing data is available for this year.$4.12$0.42$3.70$0.77$0.79$0.02
2020Summary only. Only limited summary data is available for this year.$4.12$0.40$3.72$0.78$0.77$0.00
2019Summary only. Only limited summary data is available for this year.$4.12$0.41$3.72$0.80$0.73$0.07
2018Summary only. Only limited summary data is available for this year.$4.06$0.41$3.65$0.74$0.82$0.08
2017Detailed filing. Detailed filing data is available for this year.$4.12$0.40$3.72$0.72$0.75$0.03
2016Summary only. Only limited summary data is available for this year.$4.06$0.30$3.75$0.72$0.73$0.01
2015Summary only. Only limited summary data is available for this year.$4.11$0.35$3.76$0.87$0.73$0.15
2014Summary only. Only limited summary data is available for this year.$3.91$0.30$3.61$1.05$0.79$0.26
2013Summary only. Only limited summary data is available for this year.$3.38$0.03$3.35$1.09$0.71$0.39
2012Summary only. Only limited summary data is available for this year.$3.00$0.04$2.96$1.24$0.84$0.40