Civic Intelligence

Lone Pine Economic Development Corporation and Trust

990 • Fiscal year 2017 • EIN 95-3661244

Jan 01, 2017 to Dec 31, 2017 • Filed on May 09, 2018

Organization ProfileN/A
P O Box 1227Lone Pine, CA 93545

(760) 920-2547

Siviq Scores

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

Liabilities / Assets

98th percentile

2.53x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

6.87x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

18th percentile

-7.6%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.2%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$670,209

Down $55,172 (-7.6%) from 2016

Net Assets

Down

-$1,022,669

Down $44,117 (-4.5%) from 2016

Liabilities

Down

$1,692,878

Down $11,055 (-0.6%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin14th percentile

Revenue

Up

$246,356

Up $9,962 (+4.2%) from 2016

Expenses

Down

$290,473

Down $21,155 (-6.8%) from 2016

Net Income

Up

-$44,117

Up $31,117 (+41%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,043,147Liabilities 2011: $1,746,192Net Assets 2011: -$703,0452011Assets 2012: $976,493Liabilities 2012: $1,737,192Net Assets 2012: -$760,6992012Assets 2013: $936,489Liabilities 2013: $1,730,517Net Assets 2013: -$794,0282013Assets 2014: $869,831Liabilities 2014: $1,726,270Net Assets 2014: -$856,4392014Assets 2015: $811,452Liabilities 2015: $1,714,770Net Assets 2015: -$903,3182015Assets 2016: $725,381Liabilities 2016: $1,703,933Net Assets 2016: -$978,5522016Assets 2017: $670,209Liabilities 2017: $1,692,878Net Assets 2017: -$1,022,6692017Assets 2018: $624,625Liabilities 2018: $1,683,363Net Assets 2018: -$1,058,7382018Assets 2019: $601,186Liabilities 2019: $1,678,557Net Assets 2019: -$1,077,3712019Assets 2020: $589,898Liabilities 2020: $1,678,505Net Assets 2020: -$1,088,6072020Assets 2021: $563,878Liabilities 2021: $1,674,683Net Assets 2021: -$1,110,8052021Assets 2022: $507,488Liabilities 2022: $1,651,977Net Assets 2022: -$1,144,4892022Assets 2023: $453,254Liabilities 2023: $1,607,342Net Assets 2023: -$1,154,0882023Assets 2024: $464,466Liabilities 2024: $1,590,443Net Assets 2024: -$1,125,9772024

Highlighted filing

2017

Assets$670,209
Liabilities$1,692,878
Net Assets-$1,022,669
Open 2017 Filing

Operations Trend

Revenue Growth49th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $229,228Expenses 2011: $280,679Net Income 2011: -$51,4512011Revenue 2012: $239,274Expenses 2012: $296,928Net Income 2012: -$57,6542012Revenue 2013: $239,485Expenses 2013: $263,338Net Income 2013: -$23,8532013Revenue 2014: $243,458Expenses 2014: $305,869Net Income 2014: -$62,4112014Revenue 2015: $221,474Expenses 2015: $268,353Net Income 2015: -$46,8792015Revenue 2016: $236,394Expenses 2016: $311,628Net Income 2016: -$75,2342016Revenue 2017: $246,356Expenses 2017: $290,473Net Income 2017: -$44,1172017Revenue 2018: $257,841Expenses 2018: $293,910Net Income 2018: -$36,0692018Revenue 2019: $264,961Expenses 2019: $283,594Net Income 2019: -$18,6332019Revenue 2020: $279,703Expenses 2020: $290,939Net Income 2020: -$11,2362020Revenue 2021: $279,081Expenses 2021: $301,279Net Income 2021: -$22,1982021Revenue 2022: $297,303Expenses 2022: $330,987Net Income 2022: -$33,6842022Revenue 2023: $304,614Expenses 2023: $314,213Net Income 2023: -$9,5992023Revenue 2024: $433,712Expenses 2024: $405,601Net Income 2024: $28,1112024

Highlighted filing

2017

Revenue$246,356
Expenses$290,473
Net Income-$44,117
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$246,356
Mission and Program Overview

Mission

Provide affordable housing to low income families in Inyo County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$453,464$399,548▼ $53,916
Savings and Temporary Cash Investments$216,735$222,204▲ $5,469
Cash and Non-Interest-Bearing Accounts$41,329$20,707▼ $20,622
Accounts Receivable$5,544$19,401▲ $13,857
Prepaid Expenses and Deferred Charges$8,309$8,349▲ $40
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-
Total Assets$725,381$670,209▼ $55,172
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,666,649$1,656,254▼ $10,395
Other Liabilities$36,397$35,897▼ $500
Accounts Payable and Accrued Expenses$558$622▲ $64
Deferred Revenue$329$105▼ $224
Total Liabilities$1,703,933$1,692,878▼ $11,055
Net Assets / Fund Balance
Temporarily Rstr Net Assets$187,998$192,717▲ $4,719
Unrestricted Net Assets$-1,166,550$-1,215,386▼ $48,836
Total Net Assets Fund Balance$-978,552$-1,022,669▼ $44,117
Total Liabilities and Net Assets / Fund Balance$725,381$670,209▼ $55,172

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$271,407$1,046,069$1,317,476
Leasehold Improvements$26,910$287,991$314,901
Equipment$251$141,520$141,771
Land$100,980-$100,980
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ed NiehausPresident
Charles JamesTrustee
Doug ThompsonCEO
Beth NiehausSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$246,063
Investment Income
$293
Other Revenue
$0
Change in Net Assets
$-44,117

Audited Revenue Reconciliation

Revenue per Audited Statements
$246,356
Total Revenue per Audited Statements
$246,356
Total Revenue per Form 990
$246,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,420
Salaries, Compensation, and Employee Benefits$79,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,036$12,509-$62,545
Depreciation Depletion$43,133$10,783-$53,916
Interest$27,169$6,792-$33,961
Fees for Services Management$23,458$5,864-$29,322
Insurance$13,915$3,479-$17,394
Other Employee Benefits$8,909$2,227-$11,136
Office Expenses$8,090$2,023-$10,113
Payroll Taxes$4,298$1,074-$5,372
Fees for Services Accounting$3,960$990-$4,950
Other Expenses$1,086$272-$1,358
Total Functional Expenses$232,379$58,094$0$290,473

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$290,473
Total Expenses per Audited Statements$290,473
Total Expenses per Form 990$290,473
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
Asset management fee$18,000
Security deposit payable$17,897
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed by CEO and Secretary prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lone Pine Economic Development
EIN
95-3661244
Phone
7609202547
Address
P O Box 1227, Lone Pine, CA 93545

Signing Officer

Name
Doug Thompson
Title
CEO
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
4

Preparer

Firm
Hudson Henderson & Company Inc
Address
7473 N Ingram Suite 102, Fresno, CA 93711
Preparer
Brian Henderson
Phone
5594127576
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation and various positions related to the potential sources of unrelated business taxable income (UBTI). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ending December 31, 2017 and 2016.”

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposit payable
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation and various positions related to the potential sources of unrelated business taxable income (UBTI). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ending December 31, 2017 and 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt0290473
IRS990ScheduleD/TotalLiabilityAmt035897
IRS990ScheduleD/TotalRevenuePerForm990Amt0246356
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by CEO and Secretary prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Doug Thompson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lone Pine Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation and Trust
ReturnHeader/Filer/BusinessNameControlTxt0LONE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$670,209
Liabilities
$1,692,878
Net assets
-$1,022,669
Revenue
$246,356
Expenses
$290,473
Net income
-$44,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.46$1.59$1.13$0.43$0.41$0.03
2023Summary only. Only limited summary data is available for this year.$0.45$1.61$1.15$0.30$0.31$0.01
2022Summary only. Only limited summary data is available for this year.$0.51$1.65$1.14$0.30$0.33$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$1.67$1.11$0.28$0.30$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$1.68$1.09$0.28$0.29$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$1.68$1.08$0.26$0.28$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$1.68$1.06$0.26$0.29$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.67$1.69$1.02$0.25$0.29$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.70$0.98$0.24$0.31$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$1.71$0.90$0.22$0.27$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.87$1.73$0.86$0.24$0.31$0.06
2013Summary only. Only limited summary data is available for this year.$0.94$1.73$0.79$0.24$0.26$0.02
2012Summary only. Only limited summary data is available for this year.$0.98$1.74$0.76$0.24$0.30$0.06
2011Summary only. Only limited summary data is available for this year.$1.04$1.75$0.70$0.23$0.28$0.05