PUBLIC PROPERTY FINANCING CORPORATION OF CALIFORNIA: Form 990EZ, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- PUBLIC PROPERTY FINANCING CORPORATION OF CALIFORNIA (EIN 33-0463530)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-03-21
- IRS object ID
- 201530809349200508
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-21T11:53:44-07:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Roschke & Wall Bus Adv & CPAs Inc | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30300 Agoura Rd Ste 250 | AddressLine1Txt |
| City | Agoura Hills | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330463530 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Public Property Financing Corporation of | BusinessNameLine1Txt |
| Business Name Line2 | California | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PUBL | BusinessNameControlTxt |
| Phone | 8052677140 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2945 Townsgate Road | AddressLine1Txt |
| City | Westlake Village | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91361 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William Morton | PersonNm |
| Person Title | Secretary | PersonTitleTxt |
| Signature | 2015-03-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kimberly A Wall | PreparerPersonNm |
| PTIN | P00294816 | PTIN |
| Phone | 8189911099 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Gross Receipts | $44,500 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Program Service Revenue | $44,500 | ProgramServiceRevenueAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $44,500 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $64,300 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $11,829 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $230 | OtherExpensesTotalAmt |
| Total Expenses | $76,359 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$31,859 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $51,609 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $19,750 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,609 | BOYAmt |
| EOY | $19,750 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,609 | BOYAmt |
| EOY | $19,750 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,609 | BOYAmt |
| EOY | $19,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Leasing broker for tax exempt entities | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | Acts as lessor for several California public agencies | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $64,300 | GrantsAndAllocationsAmt |
| Program Service Expenses | $44,500 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $64,300 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| William Morton | ||
| Secretary | 0 | $0 |
| Ronald S Morton | ||
| Director | 0 | $0 |
| William J Fawell | ||
| Chairman | 0 | $0 |
| Stephen Dewar | ||
| Director | 0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | Yes (true) | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Organization Filed990 T | false | OrganizationFiled990TInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Initiation Fees And Cap Contri | $0 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $0 | GrossReceiptsForPublicUseAmt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William Morton | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2945 Townsgate Road Suite 200 | AddressLine1Txt |
| City | Westlake Village | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91361 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8052677140 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Form720 Filed | false | Form720FiledInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Related Org Sect527 Org | false | RelatedOrgSect527OrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $36,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $77,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $86,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,500 | CurrentTaxYearAmt |
| Total | $293,000 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $36,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $77,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $86,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,500 | CurrentTaxYearAmt |
| Total | $293,000 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $293,000 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $36,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $77,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $86,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,500 | CurrentTaxYearAmt |
| Total | $293,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 1.00000 | PublicSupportCY509Pct |
| Public Support PY509 | 1.00000 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Grants and Similar Amounts Paid In Excess of $5,000.8 | | Donee's Name: Oaks Christian School | Donee's Address: 31749 La Tienda Dr. Westlake Village, CA 91362 | Cash Amount Given: $9000 |
| Grants and Similar Amounts Paid In Excess of $5,000.12 | | Donee's Name: Christian Associates International | Donee's Address: 1534 North Moorpark Road, #356 Thousand Oaks, CA 91360 | Cash Amount Given: $7500 |
| Grants and Similar Amounts Paid In Excess of $5,000.16 | | Donee's Name: Numbers USA Education Foundation | Donee's Address: 1601 N Kent St, Suite 1100 Arlington, VA 22209 | Cash Amount Given: $10000 |
| Grants and Similar Amounts Paid In Excess of $5,000.17 | | Donee's Name: University of Southern California | Donee's Address: 3375 South Hoover Street Los Angeles, CA 90089 | Cash Amount Given: $10000 |
| Grants and Similar Amounts Paid In Excess of $5,000.24 | | Donee's Name: Chaminade College Preparatory | Donee's Address: 10210 Oakdale Avenue Chatsworth, CA 91311 | Cash Amount Given: $7500 |
| Grants and Similar Amounts Paid In Excess of $5,000.42 | | Donee's Name: Southland Children's Foundation | Donee's Address: 7530 N Glenoaks Blvd Burbank, CA 91504 | Cash Amount Given: $6000 |
| Other Expenses.1 | Bank service fees $180 |
| Other Expenses.2 | Registration fees $25 |
| Other Expenses.3 | Filing Fee $25 |
| Changes to Organizing or Governing Documents | At the Board of Directors Meeting held on January 31, 2014, the following amendment to the Corporation's Bylaws was unanimously approved:To conform to the Board's regular practice of conducting an annual election of officers as opposed to officers serving a six (6) year term as provided by the Corporation Bylaws, it was moved, seconded and passed unanimously to amend Article VI, Section 2 of the Corporation Bylaws, entitled, Election, to read:"The officers of the Corporation shall be elected by the Board at its annual meeting for a one (1) year term. The board may accept suggestions for nominations for officers from any director, and officers shall be elected by a majority of the Directors present and voting. A vacancy in any office because of death, resignation, removal, disqualification or otherwise may be filled for the unexpired term at any meeting of the Board." |