Civic Intelligence

St. James Lutheran Developments Inc.

990 • Fiscal year 2016 • EIN 95-3787638

Oct 01, 2015 to Sep 30, 2016 • Filed on Mar 15, 2017

PO Box 7070Pasadena, CA 91109

(323) 258-3512

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

5.38x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

53rd percentile

2.9%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

39th percentile

-0.6%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

10%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$6,826,909

Down $39,346 (-0.6%) from 2015

Net Assets

Up

$205,311

Up $36,217 (+21%) from 2015

Liabilities

Down

$6,621,598

Down $75,563 (-1.1%) from 2015

Revenue

Up

$1,231,485

Up $116,978 (+10%) from 2015

Expenses

Up

$1,195,268

Up $124,874 (+12%) from 2015

Net Income

Down

$36,217

Down $7,896 (-18%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $2,974,179Liabilities 2011: $2,924,873Net Assets 2011: $49,3062011Assets 2012: $2,792,415Liabilities 2012: $2,798,145Net Assets 2012: -$5,7302012Assets 2013: $2,710,773Liabilities 2013: $2,667,975Net Assets 2013: $42,7982013Assets 2014: $2,639,643Liabilities 2014: $2,514,662Net Assets 2014: $124,9812014Assets 2015: $6,866,255Liabilities 2015: $6,697,161Net Assets 2015: $169,0942015Assets 2016: $6,826,909Liabilities 2016: $6,621,598Net Assets 2016: $205,3112016Assets 2017: $6,882,559Liabilities 2017: $6,506,212Net Assets 2017: $376,3472017Assets 2018: $6,950,322Liabilities 2018: $6,375,125Net Assets 2018: $575,1972018Assets 2019: $7,070,493Liabilities 2019: $6,281,153Net Assets 2019: $789,3402019Assets 2020: $7,323,882Liabilities 2020: $6,087,970Net Assets 2020: $1,235,9122020Assets 2021: $14,044,845Liabilities 2021: $44,001Net Assets 2021: $14,000,8442021Assets 2022: $13,845,236Liabilities 2022: $35,200Net Assets 2022: $13,810,0362022Assets 2023: $14,056,953Liabilities 2023: $25,984Net Assets 2023: $14,030,9692023Assets 2024: $14,466,731Liabilities 2024: $49,265Net Assets 2024: $14,417,4662024

Highlighted filing

2016

Assets$6,826,909
Liabilities$6,621,598
Net Assets$205,311

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $940,937Expenses 2011: $1,012,776Net Income 2011: -$71,8392011Revenue 2012: $965,888Expenses 2012: $1,020,924Net Income 2012: -$55,0362012Revenue 2013: $1,029,964Expenses 2013: $986,436Net Income 2013: $43,5282013Revenue 2014: $1,071,810Expenses 2014: $989,627Net Income 2014: $82,1832014Revenue 2015: $1,114,507Expenses 2015: $1,070,394Net Income 2015: $44,1132015Revenue 2016: $1,231,485Expenses 2016: $1,195,268Net Income 2016: $36,2172016Revenue 2017: $1,246,216Expenses 2017: $1,075,180Net Income 2017: $171,0362017Revenue 2018: $1,288,279Expenses 2018: $1,089,429Net Income 2018: $198,8502018Revenue 2019: $1,347,270Expenses 2019: $1,133,127Net Income 2019: $214,1432019Revenue 2020: $1,595,172Expenses 2020: $1,148,600Net Income 2020: $446,5722020Revenue 2021: $13,906,805Expenses 2021: $1,141,873Net Income 2021: $12,764,9322021Revenue 2022: $62,202Expenses 2022: $251,259Net Income 2022: -$189,0572022Revenue 2023: $220,933Expenses 2023: $0Net Income 2023: $220,9332023Revenue 2024: $386,497Expenses 2024: $0Net Income 2024: $386,4972024

Highlighted filing

2016

Revenue$1,231,485
Expenses$1,195,268
Net Income$36,217
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Mar 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,231,485
Mission and Program Overview

Mission

St. James Plaza provides federally subsidized apartment rental housing to low income elderly persons under HUD programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,104,585$4,025,810▼ $78,775
Land, Buildings, and Equipment, Net$2,003,739$2,051,050▲ $47,311
Savings and Temporary Cash Investments$561,101$587,544▲ $26,443
Prepaid Expenses and Deferred Charges$74,772$52,296▼ $22,476
Accounts Receivable$15,490$4,189▼ $11,301
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$6,866,255$6,826,909▼ $39,346
Other Assets Total$106,568$106,020▼ $548
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,624,819$6,519,994▼ $104,825
Accounts Payable and Accrued Expenses$48,585$76,007▲ $27,422
Other Liabilities$23,757$25,597▲ $1,840
Total Liabilities$6,697,161$6,621,598▼ $75,563
Net Assets / Fund Balance
Unrestricted Net Assets$169,094$205,311▲ $36,217
Total Net Assets Fund Balance$169,094$205,311▲ $36,217
Total Liabilities and Net Assets / Fund Balance$6,866,255$6,826,909▼ $39,346

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,649,139-$3,649,139
Land$332,000-$332,000
Other Land Buildings$-1,946,315$2,046,105$99,790
Equipment$16,226-$16,226
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,209,375
Investment Income
$22,110
Other Revenue
$0
Change in Net Assets
$36,217

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,231,485
Total Revenue per Audited Statements
$1,231,485
Total Revenue per Form 990
$1,231,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$968,103
Salaries, Compensation, and Employee Benefits$227,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$212,814--$212,814
Other Salaries and Wages$210,425--$210,425
Insurance$145,209--$145,209
Depreciation Depletion$69,062--$69,062
All Other Expenses$61,665--$61,665
Other Expenses$49,507--$49,507
Fees for Services Accounting-$21,087-$21,087
Payroll Taxes$16,740--$16,740
Office Expenses$12,761--$12,761
Fees for Services Legal-$443-$443
Advertising$342--$342
Total Functional Expenses$1,173,738$21,530$0$1,195,268

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,195,268
Total Expenses per Audited Statements$1,195,268
Total Expenses per Form 990$1,195,268
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
Security deposits$25,597
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

Daily operations of the property have been delegated to Falkenberg/Gilliam & Associates.

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

A copy of the 990 was provided to each board member.

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

The organization's 990 is available from Guidestar.org and other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
St James Lutheran Developments Inc
EIN
95-3787638
Phone
3232583512
Address
PO Box 7070, Pasadena, CA 91109

Signing Officer

Name
Gerald Allchin
Title
President
Signed
2017-03-15
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Firm
Gurrera & Associates
Address
5665 Oberlin Drive Suite 200, San Diego, CA 92121
Preparer
John Gurrera
Phone
8584575581
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0210425
IRS990/OtherSalariesAndWagesGrp/TotalAmt0210425
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016740
IRS990/PayrollTaxesGrp/TotalAmt016740
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074772
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052296
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Coin laundry
IRS990/ProgramServiceRevenueGrp/Desc1HUD Section 8 rent
IRS990/ProgramServiceRevenueGrp/Desc2Rental income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04497
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1826941
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2377937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1826941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2377937
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02105
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0856621
IRS990/PYProgramServiceRevenueAmt01112402
IRS990/PYRevenuesLessExpensesAmt044113
IRS990/PYSalariesCompEmpBnftPaidAmt0213773
IRS990/PYTotalExpensesAmt01070394
IRS990/PYTotalRevenueAmt01114507
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036217
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01210312
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0561101
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0587544
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0937
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0581
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01390
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01538
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01210312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01114507
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01071810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01028574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0964350
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05389553
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0937
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0581
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01538
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06551
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99880
IRS990ScheduleA/PublicSupportPY509Pct00.99860
IRS990ScheduleA/PublicSupportTotal509Amt05389553
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01210312
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01114507
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01071810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01028574
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0964350
IRS990ScheduleA/Total509Grp/TotalAmt05389553
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01211249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01116612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01072391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01029964
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0965888
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05396104
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03649139
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03649139
IRS990ScheduleD/EquipmentGrp/BookValueAmt016226
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016226
IRS990ScheduleD/ExpensesSubtotalAmt01195268
IRS990ScheduleD/LandGrp/BookValueAmt0332000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0332000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-1946315
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02046105
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt099790
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025597
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposits
IRS990ScheduleD/RevenueSubtotalAmt01231485
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02051050
IRS990ScheduleD/TotalExpensesPerForm990Amt01195268
IRS990ScheduleD/TotalLiabilityAmt025597
IRS990ScheduleD/TotalRevenuePerForm990Amt01231485
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01231485
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01195268
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Daily operations of the property have been delegated to Falkenberg/Gilliam & Associates.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the 990 was provided to each board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's 990 is available from Guidestar.org and other governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06866255
IRS990/TotalAssetsEOYAmt06826909
IRS990/TotalAssetsGrp/BOYAmt06866255
IRS990/TotalAssetsGrp/EOYAmt06826909
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.5$0.05$14.4$0.39$0.00$0.39
2023Detailed filing. Detailed filing data is available for this year.$14.1$0.03$14.0$0.22$0.00$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.04$13.8$0.06$0.25$0.19
2021Detailed filing. Detailed filing data is available for this year.$14.0$0.04$14.0$13.9$1.14$12.8
2020Detailed filing. Detailed filing data is available for this year.$7.32$6.09$1.24$1.60$1.15$0.45
2019Detailed filing. Detailed filing data is available for this year.$7.07$6.28$0.79$1.35$1.13$0.21
2018Detailed filing. Detailed filing data is available for this year.$6.95$6.38$0.58$1.29$1.09$0.20
2017Detailed filing. Detailed filing data is available for this year.$6.88$6.51$0.38$1.25$1.08$0.17
2016Detailed filing. Detailed filing data is available for this year.$6.83$6.62$0.21$1.23$1.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.87$6.70$0.17$1.11$1.07$0.04
2014Summary only. Only limited summary data is available for this year.$2.64$2.51$0.12$1.07$0.99$0.08
2013Summary only. Only limited summary data is available for this year.$2.71$2.67$0.04$1.03$0.99$0.04
2012Summary only. Only limited summary data is available for this year.$2.79$2.80$0.01$0.97$1.02$0.06
2011Summary only. Only limited summary data is available for this year.$2.97$2.92$0.05$0.94$1.01$0.07