Civic Intelligence

Village Acquisition II

990 • Fiscal year 2019 • EIN 95-4262688

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 18, 2019

20830 Sherman WayWinnetka, CA 91306-2782

(818) 587-9450

Siviq Scores

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

Liabilities / Assets

87th percentile

0.57x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

4.63x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

47th percentile

2.0%

Faster asset growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

-0.6%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$592,692

Up $11,349 (+2.0%) from 2018

Net Assets

Down

$254,280

Down $1,991 (-0.8%) from 2018

Liabilities

Up

$338,412

Up $13,340 (+4.1%) from 2018

Revenue

Down

$73,066

Down $451 (-0.6%) from 2018

Expenses

Down

$83,953

Down $10,294 (-11%) from 2018

Net Income

Up

-$10,887

Up $9,843 (+47%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $556,956Liabilities 2011: $231,301Net Assets 2011: $325,6552011Assets 2012: $543,365Liabilities 2012: $236,121Net Assets 2012: $307,2442012Assets 2013: $526,135Liabilities 2013: $235,901Net Assets 2013: $290,2342013Assets 2014: $523,219Liabilities 2014: $238,648Net Assets 2014: $284,5712014Assets 2015: $530,176Liabilities 2015: $247,478Net Assets 2015: $282,6982015Assets 2016: $546,191Liabilities 2016: $275,186Net Assets 2016: $271,0052016Assets 2017: $544,887Liabilities 2017: $276,782Net Assets 2017: $268,1052017Assets 2018: $581,343Liabilities 2018: $325,072Net Assets 2018: $256,2712018Assets 2019: $592,692Liabilities 2019: $338,412Net Assets 2019: $254,2802019Assets 2020: $588,291Liabilities 2020: $335,172Net Assets 2020: $253,1192020Assets 2021: $589,808Liabilities 2021: $363,847Net Assets 2021: $225,9612021Assets 2022: $583,708Liabilities 2022: $387,456Net Assets 2022: $196,2522022Assets 2023: $627,746Liabilities 2023: $448,784Net Assets 2023: $178,9622023Assets 2024: $625,870Liabilities 2024: $458,934Net Assets 2024: $166,9362024

Highlighted filing

2019

Assets$592,692
Liabilities$338,412
Net Assets$254,280

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $76,7402011Expenses 2012: $87,1042012Expenses 2013: $85,6992013Revenue 2014: $68,688Expenses 2014: $74,351Net Income 2014: -$5,6632014Revenue 2015: $68,691Expenses 2015: $70,564Net Income 2015: -$1,8732015Revenue 2016: $68,820Expenses 2016: $89,409Net Income 2016: -$20,5892016Revenue 2017: $72,977Expenses 2017: $84,773Net Income 2017: -$11,7962017Revenue 2018: $73,517Expenses 2018: $94,247Net Income 2018: -$20,7302018Revenue 2019: $73,066Expenses 2019: $83,953Net Income 2019: -$10,8872019Revenue 2020: $74,742Expenses 2020: $84,799Net Income 2020: -$10,0572020Revenue 2021: $74,331Expenses 2021: $110,385Net Income 2021: -$36,0542021Revenue 2022: $76,576Expenses 2022: $115,181Net Income 2022: -$38,6052022Revenue 2023: $82,939Expenses 2023: $109,125Net Income 2023: -$26,1862023Revenue 2024: $86,072Expenses 2024: $106,994Net Income 2024: -$20,9222024

Highlighted filing

2019

Revenue$73,066
Expenses$83,953
Net Income-$10,887
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 18, 2019
Return Version
2018v3.1
Gross Receipts
$73,066
Mission and Program Overview

Mission

Two residential homes are operated for the care of low-income developmentally disabled clients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$535,709$539,185▲ $3,476
Cash and Non-Interest-Bearing Accounts$73$3,236▲ $3,163
Intangible Assets$1,460$1,329▼ $131
Total Assets$581,343$592,692▲ $11,349
Other Assets Total$44,101$48,942▲ $4,841
Liabilities
Other Liabilities$224,875$224,875→ $0
Accounts Payable and Accrued Expenses$100,197$113,537▲ $13,340
Total Liabilities$325,072$338,412▲ $13,340
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,295,100$1,303,996▲ $8,896
Unrestricted Net Assets$-1,038,829$-1,049,716▼ $10,887
Total Net Assets Fund Balance$256,271$254,280▼ $1,991
Total Liabilities and Net Assets / Fund Balance$581,343$592,692▲ $11,349

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$230,844$577,726$808,570
Land$308,341-$308,341
Other Assets Org$1,353--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron SmithPresident & Secretary
Dolores ZimmermannVice President & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,700
Program Service Revenue
$30,361
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-10,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$73,066
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,456
Total Revenue per Audited Statements
$76,522
Total Revenue per Form 990
$73,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,953
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
Depreciation Depletion$14,003--$14,003
Interest$8,896--$8,896
Fees for Services Accounting-$8,750-$8,750
Insurance$4,060--$4,060
Fees for Services Other$2,683--$2,683
Office Expenses$48--$48
Other Expenses$25--$25
Total Functional Expenses$75,203$8,750$0$83,953

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$87,409
Expenses per Audited Statements$83,953
Total Expenses per Form 990$83,953
Expenses Not Reported on Form 990$3,456
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$223,522
Tenant Deposits$1,353
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The executive director and the controller of the project management company review the tax return in its entirety. The tax return is made available to the audit committee of the affiliated project management company.

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

The organization monitors and requires disclosure of potential conflicts of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to non-profit monitoring sites and they are available upon request.

Form 990, Part VI, Section B, Line 13

The management company (valley village) has adopted a whistleblower policy that is applicable to the organization.

Filing and Contact Details

Filer

Filer Name
Village Acquisition Ii
EIN
95-4262688
Phone
8185879450
Address
20830 SHERMAN WAY, WINNETKA, CA 91306-2782

Signing Officer

Name
Debra Donovan
Title
Assistant Secretary
Phone
8185879450
Signed
2019-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Donovan
Formed
1989
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in obligations to perform 8,896.

FORM 990, PART XII, LINE 2C:

The organization has an active board of directors, and the project management company has an audit committee that recommends the auditing firm and reviews the audited financial statements.

Financial Statement Notes

PART X, LINE 2:

Neither the project nor its non-profit corporate owner are subject to income taxes. The organization has no unrecognized tax benefits at june 30, 2019. The organization's u.s. Federal income tax returns prior to fiscal year 2016 are closed. The organization's state income tax returns prior to fiscal year 2015 are closed. The organization continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The organization recognizes interest and penalties associated with tax matters, if applicable, as part of income tax expense and includes accrued interest and penalties with the related tax liability in the statement of financial position.

Raw XML Appendix381 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/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt073066
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEITHER THE PROJECT NOR ITS NON-PROFIT CORPORATE OWNER ARE SUBJECT TO INCOME TAXES. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2019. THE ORGANIZATION'S U.S. FEDERAL INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2016 ARE CLOSED. THE ORGANIZATION'S STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2015 ARE CLOSED. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS, IF APPLICABLE, AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0539185
IRS990ScheduleD/TotalBookValueOtherAssetsAmt048942
IRS990ScheduleD/TotalExpensesPerForm990Amt083953
IRS990ScheduleD/TotalLiabilityAmt0224875
IRS990ScheduleD/TotalRevenuePerForm990Amt073066
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt076522
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt087409
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND THE CONTROLLER OF THE PROJECT MANAGEMENT COMPANY REVIEW THE TAX RETURN IN ITS ENTIRETY. THE TAX RETURN IS MADE AVAILABLE TO THE AUDIT COMMITTEE OF THE AFFILIATED PROJECT MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS AND REQUIRES DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO NON-PROFIT MONITORING SITES AND THEY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INCREASE IN OBLIGATIONS TO PERFORM 8,896.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS AN ACTIVE BOARD OF DIRECTORS, AND THE PROJECT MANAGEMENT COMPANY HAS AN AUDIT COMMITTEE THAT RECOMMENDS THE AUDITING FIRM AND REVIEWS THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MANAGEMENT COMPANY (VALLEY VILLAGE) HAS ADOPTED A WHISTLEBLOWER POLICY THAT IS APPLICABLE TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 13
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01295100
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01303996
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0581343
IRS990/TotalAssetsEOYAmt0592692
IRS990/TotalAssetsGrp/BOYAmt0581343
IRS990/TotalAssetsGrp/EOYAmt0592692
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt042700
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08750
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt075203
IRS990/TotalFunctionalExpensesGrp/TotalAmt083953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0325072
IRS990/TotalLiabilitiesEOYAmt0338412
IRS990/TotalLiabilitiesGrp/BOYAmt0325072
IRS990/TotalLiabilitiesGrp/EOYAmt0338412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256271
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0254280
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt075203
IRS990/TotalProgramServiceRevenueAmt030361
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030361
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt073066
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0581343
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0592692
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1038829
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1049716
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020830 SHERMAN WAY
IRS990/USAddress/CityNm0WINNETKA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0913062782
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTP://WWW.VALLEYVILLAGE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBRA DONOVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASSISTANT SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08185879450
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VILLAGE ACQUISITION II
ReturnHeader/Filer/BusinessNameControlTxt0VILL
ReturnHeader/Filer/EIN0954262688
ReturnHeader/Filer/PhoneNum08185879450
ReturnHeader/Filer/USAddress/AddressLine1Txt020830 SHERMAN WAY
ReturnHeader/Filer/USAddress/CityNm0WINNETKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0913062782
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.59.242.35
ReturnHeader/FilingSecurityInformation/IPDt02019-10-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:45:20
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 CAPITOL MALL SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SACRAMENTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095814
ReturnHeader/PreparerPersonGrp/PhoneNum09164429100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA M CUMMINGS CPA
ReturnHeader/ReturnTs02019-10-21T17:15:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.26$4.59$1.67$0.86$1.07$0.21
2023Detailed filing. Detailed filing data is available for this year.$6.28$4.49$1.79$0.83$1.09$0.26
2022Detailed filing. Detailed filing data is available for this year.$5.84$3.87$1.96$0.77$1.15$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$3.64$2.26$0.74$1.10$0.36
2020Detailed filing. Detailed filing data is available for this year.$5.88$3.35$2.53$0.75$0.85$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.93$3.38$2.54$0.73$0.84$0.11
2018Detailed filing. Detailed filing data is available for this year.$5.81$3.25$2.56$0.74$0.94$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.45$2.77$2.68$0.73$0.85$0.12
2016Detailed filing. Detailed filing data is available for this year.$5.46$2.75$2.71$0.69$0.89$0.21
2015Detailed filing. Detailed filing data is available for this year.$5.30$2.47$2.83$0.69$0.71$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.23$2.39$2.85$0.69$0.74$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$2.36$2.90$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$2.36$3.07$0.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.57$2.31$3.26$0.77