Civic Intelligence

Urban Communities Preservation Housing Corporation

990 • Fiscal year 2018 • EIN 95-4818131

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

Organization ProfileN/A
2275 Huntington DriveSan Marino, CA 91108

(818) 377-8100

Siviq Scores

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

Liabilities / Assets

98th percentile

1.79x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

4.60x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

86th percentile

37%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

39th percentile

-0.8%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

98%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$9,317,900

Down $79,508 (-0.8%) from 2017

Net Assets

Up

-$7,368,118

Up $1,037,626 (+12%) from 2017

Liabilities

Down

$16,686,018

Down $1,117,134 (-6.3%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin86th percentile

Revenue

Up

$3,630,701

Up $1,795,281 (+98%) from 2017

Expenses

Down

$2,294,396

Down $113,359 (-4.7%) from 2017

Net Income

Up

$1,336,305

Up $1,908,640 (+333%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$20M$10M$0-$10MAssets 2011: $8,291,403Liabilities 2011: $10,794,321Net Assets 2011: -$2,502,9182011Assets 2012: $8,559,445Liabilities 2012: $14,241,072Net Assets 2012: -$5,681,6272012Assets 2013: $8,415,087Liabilities 2013: $14,644,970Net Assets 2013: -$6,229,8832013Assets 2014: $9,043,085Liabilities 2014: $15,100,113Net Assets 2014: -$6,057,0282014Assets 2015: $9,837,348Liabilities 2015: $17,005,291Net Assets 2015: -$7,167,9432015Assets 2016: $9,578,852Liabilities 2016: $17,392,407Net Assets 2016: -$7,813,5552016Assets 2017: $9,397,408Liabilities 2017: $17,803,152Net Assets 2017: -$8,405,7442017Assets 2018: $9,317,900Liabilities 2018: $16,686,018Net Assets 2018: -$7,368,1182018Assets 2019: $9,026,378Liabilities 2019: $17,231,717Net Assets 2019: -$8,205,3392019Assets 2020: $9,434,854Liabilities 2020: $15,597,120Net Assets 2020: -$6,162,2662020Assets 2021: $9,330,111Liabilities 2021: $12,217,666Net Assets 2021: -$2,887,5552021Assets 2022: $9,729,699Liabilities 2022: $12,781,820Net Assets 2022: -$3,052,1212022Assets 2023: $10,038,463Liabilities 2023: $13,417,412Net Assets 2023: -$3,378,9492023Assets 2024: $11,026,680Liabilities 2024: $14,181,573Net Assets 2024: -$3,154,8932024

Highlighted filing

2018

Assets$9,317,900
Liabilities$16,686,018
Net Assets-$7,368,118
Open 2018 Filing

Operations Trend

Revenue Growth93rd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,321,174Expenses 2011: $1,260,238Net Income 2011: $60,9362011Revenue 2012: $1,381,000Expenses 2012: $1,678,723Net Income 2012: -$297,7232012Revenue 2013: $1,385,465Expenses 2013: $1,679,412Net Income 2013: -$293,9472013Revenue 2014: $1,395,488Expenses 2014: $1,837,475Net Income 2014: -$441,9872014Revenue 2015: $1,446,014Expenses 2015: $2,556,929Net Income 2015: -$1,110,9152015Revenue 2016: $1,582,355Expenses 2016: $2,227,967Net Income 2016: -$645,6122016Revenue 2017: $1,835,420Expenses 2017: $2,407,755Net Income 2017: -$572,3352017Revenue 2018: $3,630,701Expenses 2018: $2,294,396Net Income 2018: $1,336,3052018Revenue 2019: $2,139,698Expenses 2019: $2,380,423Net Income 2019: -$240,7252019Revenue 2020: $2,221,506Expenses 2020: $2,528,433Net Income 2020: -$306,9272020Revenue 2021: $2,411,545Expenses 2021: $2,408,099Net Income 2021: $3,4462021Revenue 2022: $2,631,136Expenses 2022: $2,795,702Net Income 2022: -$164,5662022Revenue 2023: $2,790,344Expenses 2023: $2,754,725Net Income 2023: $35,6192023Revenue 2024: $3,137,061Expenses 2024: $2,913,005Net Income 2024: $224,0562024

Highlighted filing

2018

Revenue$3,630,701
Expenses$2,294,396
Net Income$1,336,305
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$3,630,701
Mission and Program Overview

Mission

Providing low income residential rental housing to individuals in the communities in southern california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,285,274$6,909,440▼ $375,834
Other Notes and Loans Receivable, Net$700,000$700,000→ $0
Cash and Non-Interest-Bearing Accounts$357,895$652,116▲ $294,221
Intangible Assets$269,732$261,411▼ $8,321
Prepaid Expenses and Deferred Charges$23,334$22,737▼ $597
Accounts Receivable$1,115$2,495▲ $1,380
Savings and Temporary Cash Investments-$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-
Inventories for Sale or Use-$0-
Total Assets$9,397,408$9,317,900▼ $79,508
Other Assets Total$760,058$769,701▲ $9,643
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,143,531$10,973,744▼ $169,787
Other Liabilities$6,655,859$5,708,555▼ $947,304
Deferred Revenue$3,762$3,719▼ $43
Total Liabilities$17,803,152$16,686,018▼ $1,117,134
Net Assets / Fund Balance
Unrestricted Net Assets$-8,405,744$-7,368,118▲ $1,037,626
Total Net Assets Fund Balance$-8,405,744$-7,368,118▲ $1,037,626
Total Liabilities and Net Assets / Fund Balance$9,397,408$9,317,900▼ $79,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,604,764$4,510,722$8,115,486
Land$2,476,924-$2,476,924
Leasehold Improvements$821,637$275,783$1,097,420
Equipment$6,115$7,472$13,587
Other Assets Org$100,507--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Luis LorenzoPresident/Treas
Marta LorenzoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,631,400
Program Service Revenue
$1,995,018
Investment Income
$578
Other Revenue
$3,705
Change in Net Assets
$1,336,305

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$1,437,400Outstdg Loan Balance
Other Non Cash Contri Table1$157,000Outstdg Loan Balance
Other Non Cash Contri Table1$37,000Outstdg Loan Balance
Total Noncash Contributions3$1,631,400-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,294,396
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
Interest$955,547--$955,547
Depreciation Depletion$384,155--$384,155
All Other Expenses$207,643--$207,643
Fees for Services Management$79,848--$79,848
Other Expenses$50,990--$50,990
Advertising$49,700--$49,700
Insurance$44,333--$44,333
Office Expenses$13,265--$13,265
Fees for Services Accounting$10,700--$10,700
Fees for Services Legal$2,740--$2,740
Total Functional Expenses$2,294,396$0$0$2,294,396
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
Acrrued Interest - Archimedes LLC$5,583,899
Security Deposit$99,659
Accrued Interest$24,997
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A draft copy of the tax return was provided to the Organization's Board of Directors who reviewed the tax return prior to filing to the respective agencies.”

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

“The Organization's managing agent BEACON PRFOPERTY MANAGEMENT is the custodian of governing documents and financial records and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization has a written conflict of interest policy and can provided for public inspection by the Organization itself.”

Filing and Contact Details

Filer

Filer Name
Urban Communities Preservation
EIN
95-4818131
Phone
8183778100
Address
2275 HUNTINGTON DRIVE, SAN MARINO, CA 91108

Signing Officer

Name
Luis Lorenzo
Title
President/Treasurer
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Hoffman Short Rubin Dewinter Sanderson
Address
1037 PARK VIEW DR, COVINA, CA 91724-3750
Preparer
Aneela DeWinter
Phone
6269320100
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - URBAN COMMUNITIES PRESERVATION HOUSING CORPORATIONFEIN 95-4818131FORM 990PART X - Balance SheetLine 7 Beginning End of year of yearNote Receivable - consists of the following:$700,000 non-interest bearing residual receipt note receivable; dated 06/15/2014; due upon demand $ 700,000 $ 700,000”

Client Note 2

“Client Note 2 - URBAN COMMUNITIES PRESERVATION HOUSING CORPORATIONFEIN 95-4818131FORM 990PART X - Balance SheetLine 23 Beginning End of year of yearMortgages and Notes Payable - consists of the following:3.20% interest rate mortgage note payable; dated 05/29/2015; monthly payments of principal and interest of$39,392; maturing 06/01/2050; secured by land and building 9,543,531 9,373,74410.0% interest rate residual receipt note payable to Archimedes Equities, LLC; compounded annually; dated04/02/2003; secured by land and building 1,600,000 1,600,000TOTAL MORTGAGE AND OTHER NOTES PAYABLE $ 11,143,531 $ 10,973,744”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Distribution of 2017 surplus cash = -$298679”

Raw XML AppendixShowing 400 of 447 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01990993
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08194084
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0578
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02343
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013496
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt015046
IRS990ScheduleA/OtherIncome509Grp/TotalAmt062151
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99350
IRS990ScheduleA/PublicSupportPY509Pct00.99160
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09889978
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03604764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04510722
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08115486
IRS990ScheduleD/EquipmentGrp/BookValueAmt06115
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07472
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013587
IRS990ScheduleD/LandGrp/BookValueAmt02476924
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02476924
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0821637
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0275783
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01097420
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0669194
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1100507
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15583899
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt299659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACRRUED INTEREST - ARCHIMEDES LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06909440
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0769701
IRS990ScheduleD/TotalLiabilityAmt05708555
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Forgiveness of Debt
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Forgiveness of Debt
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2Forgiveness of Debt
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Outstdg Loan Balance
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1Outstdg Loan Balance
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2Outstdg Loan Balance
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt11437400
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt237000
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - URBAN COMMUNITIES PRESERVATION HOUSING CORPORATIONFEIN 95-4818131FORM 990PART X - Balance SheetLine 7 Beginning End of year of yearNote Receivable - consists of the following:$700,000 non-interest bearing residual receipt note receivable; dated 06/15/2014; due upon demand $ 700,000 $ 700,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Client Note 2 - URBAN COMMUNITIES PRESERVATION HOUSING CORPORATIONFEIN 95-4818131FORM 990PART X - Balance SheetLine 23 Beginning End of year of yearMortgages and Notes Payable - consists of the following:3.20% interest rate mortgage note payable; dated 05/29/2015; monthly payments of principal and interest of$39,392; maturing 06/01/2050; secured by land and building 9,543,531 9,373,74410.0% interest rate residual receipt note payable to Archimedes Equities, LLC; compounded annually; dated04/02/2003; secured by land and building 1,600,000 1,600,000TOTAL MORTGAGE AND OTHER NOTES PAYABLE $ 11,143,531 $ 10,973,744
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A draft copy of the tax return was provided to the Organization's Board of Directors who reviewed the tax return prior to filing to the respective agencies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's managing agent BEACON PRFOPERTY MANAGEMENT is the custodian of governing documents and financial records and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization has a written conflict of interest policy and can provided for public inspection by the Organization itself.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISTRIBUTION OF 2017 SURPLUS CASH = -$298679
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Client Note 2
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 Decreases
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceExpensesAmt02294396
IRS990/TotalProgramServiceRevenueAmt01995018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,317,900
Liabilities
$16,686,018
Net assets
-$7,368,118
Revenue
$3,630,701
Expenses
$2,294,396
Net income
$1,336,305
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.0$14.2$3.15$3.14$2.91$0.22
2023Detailed filing. Detailed filing data is available for this year.$10.0$13.4$3.38$2.79$2.75$0.04
2022Detailed filing. Detailed filing data is available for this year.$9.73$12.8$3.05$2.63$2.80$0.16
2021Detailed filing. Detailed filing data is available for this year.$9.33$12.2$2.89$2.41$2.41$0.00
2020Detailed filing. Detailed filing data is available for this year.$9.43$15.6$6.16$2.22$2.53$0.31
2019Detailed filing. Detailed filing data is available for this year.$9.03$17.2$8.21$2.14$2.38$0.24
2018Detailed filing. Detailed filing data is available for this year.$9.32$16.7$7.37$3.63$2.29$1.34
2017Detailed filing. Detailed filing data is available for this year.$9.40$17.8$8.41$1.84$2.41$0.57
2016Detailed filing. Detailed filing data is available for this year.$9.58$17.4$7.81$1.58$2.23$0.65
2015Detailed filing. Detailed filing data is available for this year.$9.84$17.0$7.17$1.45$2.56$1.11
2014Detailed filing. Detailed filing data is available for this year.$9.04$15.1$6.06$1.40$1.84$0.44
2013Detailed filing. Detailed filing data is available for this year.$8.42$14.6$6.23$1.39$1.68$0.29
2012Summary only. Only limited summary data is available for this year.$8.56$14.2$5.68$1.38$1.68$0.30
2011Summary only. Only limited summary data is available for this year.$8.29$10.8$2.50$1.32$1.26$0.06