Civic Intelligence

Rosecrans Manor Co the Monfric Group

990 • Fiscal year 2015 • EIN 95-3751374

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 16, 2015

Organization ProfileN/A
1101 N Central AveCompton, CA 90222

(310) 603-2954

Siviq Scores

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

Liabilities / Assets

94th percentile

1.21x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

3.20x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

52nd percentile

3.1%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-3.3%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

2.1%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$2,073,305

Down $70,203 (-3.3%) from 2014

Net Assets

Up

-$436,034

Up $24,662 (+5.4%) from 2014

Liabilities

Down

$2,509,339

Down $94,865 (-3.6%) from 2014

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin52nd percentile

Revenue

Up

$783,572

Up $16,330 (+2.1%) from 2014

Expenses

Up

$758,911

Up $11,978 (+1.6%) from 2014

Net Income

Up

$24,661

Up $4,352 (+21%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $2,365,666Liabilities 2011: $2,852,941Net Assets 2011: -$487,2752011Assets 2012: $2,316,794Liabilities 2012: $2,787,850Net Assets 2012: -$471,0562012Assets 2013: $2,239,476Liabilities 2013: $2,720,481Net Assets 2013: -$481,0052013Assets 2014: $2,143,508Liabilities 2014: $2,604,204Net Assets 2014: -$460,6962014Assets 2015: $2,073,305Liabilities 2015: $2,509,339Net Assets 2015: -$436,0342015Assets 2016: $2,025,169Liabilities 2016: $2,385,035Net Assets 2016: -$359,8662016Assets 2017: $1,938,149Liabilities 2017: $2,260,141Net Assets 2017: -$321,9922017Assets 2018: $6,273,799Liabilities 2018: $17,461Net Assets 2018: $6,256,3382018Assets 2019: $6,273,799Liabilities 2019: $17,461Net Assets 2019: $6,256,3382019

Highlighted filing

2015

Assets$2,073,305
Liabilities$2,509,339
Net Assets-$436,034
Open 2015 Filing

Operations Trend

Revenue Growth47th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $696,4702011Expenses 2012: $734,2452012Expenses 2013: $774,1352013Revenue 2014: $767,242Expenses 2014: $746,933Net Income 2014: $20,3092014Revenue 2015: $783,572Expenses 2015: $758,911Net Income 2015: $24,6612015Revenue 2016: $797,403Expenses 2016: $721,235Net Income 2016: $76,1682016Revenue 2017: $754,676Expenses 2017: $716,802Net Income 2017: $37,8742017Revenue 2018: $6,954,876Expenses 2018: $376,546Net Income 2018: $6,578,3302018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019

Highlighted filing

2015

Revenue$783,572
Expenses$758,911
Net Income$24,661
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 16, 2015
Return Version
2014v5.0
Gross Receipts
$783,572
Mission and Program Overview

Mission

To provide low income housing for the elderly. The Project receives a substantial portion of their rental revenue from HUD under Section 8 Housing Assistance Payments.

Low-income elderly housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,933,336$1,851,969▼ $81,367
Savings and Temporary Cash Investments$189,735$204,242▲ $14,507
Pd in Cap Srpls Land Bldg Eqp Fund$123,626$123,626→ $0
Accounts Receivable$14,808$11,304▼ $3,504
Prepaid Expenses and Deferred Charges$5,329$5,490▲ $161
Cash and Non-Interest-Bearing Accounts$300$300→ $0
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-$0-
Rtn Earn Endowment Incm Other Fnds$-584,322$-559,660▲ $24,662
Total Assets$2,143,508$2,073,305▼ $70,203
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,527,980$2,430,222▼ $97,758
Accounts Payable and Accrued Expenses$54,240$56,854▲ $2,614
Other Liabilities$21,933$22,203▲ $270
Deferred Revenue$51$60▲ $9
Total Liabilities$2,604,204$2,509,339▼ $94,865
Net Assets / Fund Balance
Total Net Assets Fund Balance$-460,696$-436,034▲ $24,662
Total Liabilities and Net Assets / Fund Balance$2,143,508$2,073,305▼ $70,203

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,465,611$1,777,014$3,242,625
Land$381,000-$381,000
Other Land Buildings$5,358$55,234$60,592
Equipment-$48,805$48,805
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Blair WilliamsPresident
Charles B FunderburkDirector
Ulysses TerryDirector
Gladys FunderburkSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$63,184
Program Service Revenue
$716,460
Investment Income
$92
Other Revenue
$3,836
Change in Net Assets
$24,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$783,572
Total Revenue per Audited Statements
$783,572
Total Revenue per Form 990
$783,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$570,375
Salaries, Compensation, and Employee Benefits$188,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$229,009--$229,009
Occupancy$150,846$16,760-$167,606
Other Salaries and Wages$70,658$72,926-$143,584
Depreciation Depletion$81,823$9,092-$90,915
Fees for Services Management-$27,005-$27,005
Other Employee Benefits$12,862$13,274-$26,136
Office Expenses$17,371--$17,371
Payroll Taxes$6,322$6,525-$12,847
Fees for Services Accounting-$11,762-$11,762
Insurance$8,193$2,714-$10,907
Conferences and Meetings-$8,455-$8,455
Pension Plan Contributions$2,937$3,032-$5,969
Information Technology-$4,605-$4,605
Fees for Services Legal-$1,750-$1,750
Travel-$849-$849
Other Expenses$141--$141
Total Functional Expenses$580,162$178,749$0$758,911

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$758,911
Total Expenses per Audited Statements$758,911
Total Expenses per Form 990$758,911
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
Tenant Security Deposits$22,202
Rounding$1
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
Yes

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Charles Funderburk and Gladys Funderburk are a married couple.”

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Management company (LOMCO) acts as the rental agent and performs such services as selecting tenants, collecting rents and managing the project on a daily basis.”

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

“President reviews and reports any necessary corrections or additions to the preparer prior to signing the authorization to efile the return.”

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

“Upon request.”

Filing and Contact Details

Filer

Filer Name
Rosecrans Manor
EIN
95-3751374
Phone
3106032954
Address
1101 N CENTRAL AVE, COMPTON, CA 90222

Signing Officer

Name
Blair Williams
Title
President
Signed
2015-10-16
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Firm
Heather R Chambers CPA Inc
Address
1230 E Wardlow Rd, Long Beach, CA 90807
Preparer
Heather R Chambers
Phone
5624244301
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Rounding = $1”

Raw XML AppendixShowing 400 of 456 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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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt024661
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0783572
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-584322
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-559660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0189735
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0204242
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt063184
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt056183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt062727
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt061380
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060257
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0303731
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt092
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0234
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0720295
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0710977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0701349
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0688953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0690970
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03512544
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0234
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0646
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt03816275
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0750333
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0751227
IRS990ScheduleA/Total509Grp/TotalAmt03816275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0783571
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0767241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0764186
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0750462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0751461
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03816921
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt048805
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048805
IRS990ScheduleD/ExpensesSubtotalAmt0758911
IRS990ScheduleD/LandGrp/BookValueAmt0381000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0381000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05358
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055234
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt060592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0783572
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01851969
IRS990ScheduleD/TotalExpensesPerForm990Amt0758911
IRS990ScheduleD/TotalLiabilityAmt022203
IRS990ScheduleD/TotalRevenuePerForm990Amt0783572
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0783572
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0758911
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Charles Funderburk and Gladys Funderburk are a married couple.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management company (LOMCO) acts as the rental agent and performs such services as selecting tenants, collecting rents and managing the project on a daily basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2President reviews and reports any necessary corrections or additions to the preparer prior to signing the authorization to efile the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02073305
IRS990/TotalAssetsGrp/BOYAmt02143508
IRS990/TotalAssetsGrp/EOYAmt02073305
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt063184

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,073,305
Liabilities
$2,509,339
Net assets
-$436,034
Revenue
$783,572
Expenses
$758,911
Net income
$24,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$6.27$0.02$6.26$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$6.27$0.02$6.26$6.95$0.38$6.58
2017Detailed filing. Detailed filing data is available for this year.$1.94$2.26$0.32$0.75$0.72$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.03$2.39$0.36$0.80$0.72$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.07$2.51$0.44$0.78$0.76$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.14$2.60$0.46$0.77$0.75$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$2.72$0.48$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$2.79$0.47$0.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$2.85$0.49$0.70