Civic Intelligence

Mjh Education & Healthcare Assistance Foundation

EIN 95-4050105 • 501(c)3 • Beverly Hills, CA

Profile

The foundation's purpose is to own, operate and lease student housing and other educational facilities to be leased to and used by educational institutions that qualify under sec.501(c)(3).

280 S Beverly Drive No 204Beverly Hills, CA 90212

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

451%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $61,633,447 (-100%) from 2016

Liabilities

Down

$0

Down $98,448,797 (-100%) from 2016

Net Assets

Up

$0

Up $36,815,350 (+100%) from 2016

Revenue

Up

$41,980,959

Up $34,357,104 (+451%) from 2016

Expenses

Down

$4,167,127

Down $5,457,115 (-57%) from 2016

Net Income

Up

$37,813,832

Up $39,814,219 (+1990%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0-$50MAssets 2010: $72,744,438Liabilities 2010: $85,116,597Net Assets 2010: -$12,372,1592010Assets 2011: $71,086,197Liabilities 2011: $85,150,804Net Assets 2011: -$14,064,6072011Assets 2012: $70,055,330Liabilities 2012: $85,377,219Net Assets 2012: -$15,321,8892012Assets 2013: $68,395,305Liabilities 2013: $84,749,381Net Assets 2013: -$16,354,0762013Assets 2014: $67,779,009Liabilities 2014: $102,517,235Net Assets 2014: -$34,738,2262014Assets 2015: $63,966,879Liabilities 2015: $98,781,842Net Assets 2015: -$34,814,9632015Assets 2016: $61,633,447Liabilities 2016: $98,448,797Net Assets 2016: -$36,815,3502016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2010: $6,282,236Expenses 2010: $8,984,030Net Income 2010: -$2,701,7942010Expenses 2011: $8,321,0902011Expenses 2012: $9,476,0362012Revenue 2013: $4,874,978Expenses 2013: $5,907,166Net Income 2013: -$1,032,1882013Revenue 2014: $7,993,101Expenses 2014: $9,721,802Net Income 2014: -$1,728,7012014Revenue 2015: $8,506,165Expenses 2015: $9,907,869Net Income 2015: -$1,401,7042015Revenue 2016: $7,623,855Expenses 2016: $9,624,242Net Income 2016: -$2,000,3872016Revenue 2017: $41,980,959Expenses 2017: $4,167,127Net Income 2017: $37,813,8322017

Highlighted filing

2017

Revenue$41,980,959
Expenses$4,167,127
Net Income$37,813,832

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 13, 2018
Return Version
2016v3.0
Gross Receipts
$96,697,830
Mission and Program Overview

Mission

The foundation's purpose is to own, operate and lease student housing and other educational facilities to be leased to and used by educational institutions that qualify under sec.501(c)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$57,370,893$0▼ $57,370,893
Savings and Temporary Cash Investments$3,574,545$0▼ $3,574,545
Cash and Non-Interest-Bearing Accounts$469,703$0▼ $469,703
Prepaid Expenses and Deferred Charges$28,397$0▼ $28,397
Accounts Receivable-$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-
Total Assets$61,633,447$0▼ $61,633,447
Other Assets Total$189,909$0▼ $189,909
Liabilities
Mortgage Notes Payable Secured by Investment Property$76,072,224$0▼ $76,072,224
Other Liabilities$22,376,573$0▼ $22,376,573
Total Liabilities$98,448,797$0▼ $98,448,797
Net Assets / Fund Balance
Unrestricted Net Assets$-36,815,350$0▲ $36,815,350
Total Net Assets Fund Balance$-36,815,350$0▲ $36,815,350
Total Liabilities and Net Assets / Fund Balance$61,633,447$0▼ $61,633,447
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sheri L JensenPresident/chairman of the
Eileen ZellSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,697,830
Investment Income
$37,283,129
Other Revenue
$0
Change in Net Assets
$37,813,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,910,099
Salaries, Compensation, and Employee Benefits$257,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,279,293--$1,279,293
Depreciation Depletion$995,323--$995,323
Other Salaries and Wages$257,028--$257,028
Other Expenses$171,280--$171,280
All Other Expenses$164,267--$164,267
Insurance$113,521--$113,521
Total Functional Expenses$4,167,127$0$0$4,167,127
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Management duties delegated
No

Governance Explanations

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

Three board members are required for approval one of which is an independent board member.

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

A copy of the return is sent via email to each of the members of the governing body for review and approval prior to the filing of this return.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the public upon request

Filing and Contact Details

Filer

Filer Name
Mjh Education & Healthcare Assistance
EIN
95-4050105
Phone
3102738200
Address
280 S BEVERLY DRIVE NO 204, BEVERLY HILLS, CA 90212

Signing Officer

Name
Sheri Jensen
Title
Chairman
Phone
3102738200
Signed
2018-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheri Jensen
Formed
1986
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Isdaner & Company LLC
Address
THREE BALA PLAZA SUITE 501 WEST, BALA CYNWYD, PA 19004-3484
Preparer
Edward W Doran CPA
Phone
6106684200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Sale of assets and liquidation -998,482.

Schedule N, Part II

All of the sale proceeds and other assets of the organization were used to repay outstanding debt. There were no remaining assets to be distributed.

Raw XML Appendix396 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/GoverningBodyVotingMembersCnt03
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt092000000
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IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt037283129
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IRS990/NondeductibleContributionsInd00
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IRS990/OtherChangesInNetAssetsAmt0-998482
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MJH EDUCATION & HEALTHCARE ASSITANCE FOUNDATION (MJH FDN) IS A SINGLE MEMBER OF MJH EDUCATION ASSISSTANCE ILLINOIS IV LLC (MJH IV). MJH IV'S PURPOSE IS TO PURCHASE REAL ESTATE AND CONSTRUCT AND LEASE A STUDENT HOUSING FACILITY AT THE SUPPORTED ORGANIZATION, DEPAUL UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1MJH EDUCATION & HEALTHCARE ASSISTANCE FOUNDATION PURCHASED REAL ESTATE AND CONSTRUCTED AND LEASED A STUDENT HOUSING FACILITY AT THE SUPPORTED ORGANIZATION, DEPAUL UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE SUPPORTING ORGANIZATION, DEPAUL UNIVERSITY, PROVIDES STUDENT HOUSING FACILITIES TO STUDENTS OF THE UNIVERSITY.
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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0REAL PROPERTY 1237 WEST FULLERTON AVE, CHICAGO IL & RELATED PERSONAL PROPERTY - SOLD. SEE STMT ON SCH O.
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0SSC ACQUISITION SUB LLC CO THE SCION GROUP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02017-03-15
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IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0PROCEEDS OF SALE
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0CHICAGO
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IRS990ScheduleN/ReceiveCompensationInd00
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE TAX-EXEMPT BOND LIABILITIES WERE PAID OFF IN ACCORDANCE WITH THEIR AGREEMENTS USING PROCEEDS FROM THE SALE OF ASSETS AND LIQUIDATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 6C:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THREE BOARD MEMBERS ARE REQUIRED FOR APPROVAL ONE OF WHICH IS AN INDEPENDENT BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN IS SENT VIA EMAIL TO EACH OF THE MEMBERS OF THE GOVERNING BODY FOR REVIEW AND APPROVAL PRIOR TO THE FILING OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALE OF ASSETS AND LIQUIDATION -998,482.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE SALE PROCEEDS AND OTHER ASSETS OF THE ORGANIZATION WERE USED TO REPAY OUTSTANDING DEBT. THERE WERE NO REMAINING ASSETS TO BE DISTRIBUTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE N, PART II
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MJH EDUCATION & HEALTHCARE ASSISTANCE FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1MJH EDUCATION & HEALTHCARE ASSISTANCE FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2MJH EDUCATION & HEALTHCARE ASSISTANCE FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MJH EDUCATION ASSISTANCE ILLINOIS I LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1MJH EDUCATION ASSISTANCE ILLINOIS II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2MJH EDUCATION ASSISTANCE ILLINOIS IV LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt20
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0STUDENT HOUSING FINANCING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1STUDENT HOUSING FINANCING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2STUDENT HOUSING FINANCING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt241980959
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0280 S BEVERLY DRIVE ROOM 204
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1280 S BEVERLY DRIVE ROOM 204
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2280 S BEVERLY DRIVE ROOM 204
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BEVERLY HILLS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1BEVERLY HILLS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2BEVERLY HILLS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd090212
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd190212
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd290212
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt061633447
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt061633447
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04167127
IRS990/TotalFunctionalExpensesGrp/TotalAmt04167127
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098448797
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt098448797
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-36815350
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04167127
IRS990/TotalProgramServiceRevenueAmt04697830
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04697830
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037283129
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041980959
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061633447
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-36815350
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0280 S BEVERLY DRIVE NO 204
IRS990/USAddress/CityNm0BEVERLY HILLS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090212
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI JENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03102738200
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MJH EDUCATION & HEALTHCARE ASSISTANCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MJHE
ReturnHeader/Filer/EIN0954050105
ReturnHeader/Filer/PhoneNum03102738200
ReturnHeader/Filer/USAddress/AddressLine1Txt0280 S BEVERLY DRIVE NO 204
ReturnHeader/Filer/USAddress/CityNm0BEVERLY HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090212
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AC247A7234AF212DCAB0F57A1B651BE36254683E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AC247A7234AF212DCAB0F57A1B651BE36254683E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.178.72.106
ReturnHeader/FilingSecurityInformation/IPDt02018-06-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm021:01:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0236410283
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ISDANER & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0THREE BALA PLAZA SUITE 501 WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0190043484
ReturnHeader/PreparerPersonGrp/PhoneNum06106684200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD W DORAN CPA
ReturnHeader/ReturnTs02018-06-15T09:35:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

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