HOUSING TR FUND OF SANTA BARBARA COUNTY INC: Form 990, tax year 2011
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- Organization
- HOUSING TR FUND OF SANTA BARBARA COUNTY INC (EIN 43-2007672)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-11
- IRS object ID
- 201330119349300523
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2013-01-11T13:55:30-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952835976 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MACFARLANE FALETTI & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 E MICHELTORENA ST 200 | AddressLine1 |
| City | SANTA BARBARA | City |
| State | CA | State |
| ZIP Code | 93101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 432007672 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOUSING TRUST FUND OF SANTA BARBARA COUNTY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HOUS | NameControl |
| Phone | 8056851949 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 60909 | AddressLine1 |
| City | SANTA BARBARA | City |
| State | CA | State |
| ZIP Code | 931600909 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROGER L HORTON | Name |
| Title | CHAIRMAN OF THE BOARD | Title |
| Phone | 8056851949 | Phone |
| Date Signed | 2013-01-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIM A O'KEEFFE | Name |
| PTIN | P01367593 | PTIN |
| Phone | 8059664157 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROGER L HORTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 60909 | AddressLine1 |
| City | SANTA BARBARA | City |
| State | CA | State |
| ZIP Code | 931600909 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 904124 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SBHOUSINGTRUST.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | THE HOUSING TRUST FUND'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO VERY LOW-TO-MODERATE INCOME RESIDENTS OF SANTA BARBARA COUNTY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 25 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 560000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 895000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 18006 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9108 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 839 | InvestmentIncomePriorYear |
| Investment Income Current Year | 16 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 578845 | TotalRevenuePriorYear |
| Total Revenue Current Year | 904124 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 139062 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 132294 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 7705 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 51290 | OtherExpensePriorYear |
| Other Expenses Current Year | 44960 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 190352 | TotalExpensesPriorYear |
| Total Expenses Current Year | 177254 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 388493 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 726870 | RevenuesLessExpensesCY |
| Total Assets BOY | 990486 | TotalAssetsBOY |
| Total Assets EOY | 1714623 | TotalAssetsEOY |
| Total Liabilities BOY | 506725 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 503992 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 483761 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1210631 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE HOUSING TRUST FUND (HTF) HELPS MAINTAIN THE SOCIO-ECONOMIC FABRIC OF SANTA BARBARA COUNTY BY SUPPORTING THE FUNDAMENTAL BUILDING BLOCKS OF SUSTAINABLE COMMUNITIES-AFFORDABLE HOUSING. HTF CREATES INNOVATIVE PARTNERSHIPS AND NEW SOURCES OF REVENUE DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW-TO-MODERATE INCOME RESIDENTS. HTF FUNDS PROJECTS THAT ENHANCE THE QUALITY OF LIFE AND PRESERVE THE AFFORDABILITY OF THE HOUSING FOR FUTURE GENERATIONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 149915 | Expense |
| Revenue | 9108 | Revenue |
| Description | THE HOUSING TRUST FUND'S (HTF) PRIMARY ACTIVITY IS A $4.5 MILLION REVOLVING LOAN FUND FOR AFFORDABLE HOUSING THAT PROVIDES LOW-COST LOANS TO QUALIFIED SPONSORS OF AFFORDABLE HOUSING THAT SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. HTF PROVIDES DIRECT LOANS FOR SITE ACQUISITION AND PREDEVELOPMENT OF RENTAL AND HOMEOWNERSHIP PROJECTS THAT EXPAND OR PRESERVE THE COUNTY'S AFFORDABLE HOUSING STOCK. HTF ALSO PROVIDES FREE TECHNICAL ASSISTANCE TO HELP GROUPS DETERMINE IF THEY HAVE A FEASIBLE PROJECT, CONNECT THEM TO DEVELOPMENT EXPERTISE AND ASSIST THEM IN APPLYING FOR HTF LOANS. HTF SUPPORTS THE INITIATION OF AFFORDABLE HOUSING PROJECTS BY COMMUNITY GROUPS THAT MIGHT OTHERWISE NOT PROCEED, FACILITATES PROJECTS SPONSORED BY EXPERIENCED DEVELOPERS, AND HELPS REDUCE PROJECT DEVELOPMENT COST. 100% OF LOAN FUND ACTIVITY TO DATE HAS BEEN DIRECTED TO PROJECTS THAT SERVE LOWER INCOME HOUSEHOLDS IN SANTA BARBARA COUNTY EARNING A MAXIMUM OF 80% OF AREA MEDIAN INCOME. | Description |
| Total Program Service Expense | 149915 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 3 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNIFER MCGOVERN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8056851949 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7284 FORDHAM PLACE | AddressLine1 |
| City | GOLETA | City |
| State | CA | State |
| ZIP Code | 93117 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| KRISTEN MILLER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID ANDERSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL BENNETT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANNMARIE CAMERON | ||||||
| BOARD SECRETARY | 1.00 | X | 0 | 0 | 0 | X |
| ROGER L HORTON | ||||||
| BOARD CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| DEWAYNE HOLMDAHL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GRAHAM LYONS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT PEARSON | ||||||
| BOARD TREASURER | 1.00 | X | 0 | 0 | 0 | X |
| MICHAEL TOWBES | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DIDI REYNOSO | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JENNIFER MCGOVERN | ||||||
| PRESIDENT/CEO | 40.00 | 110000 | 0 | 10200 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 110000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 10200 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 827500 | GovernmentGrants |
| All Other Contributions | 67500 | AllOtherContributions |
| Total Contributions | 895000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROGRAM SERVICE REVENU | Description |
| Business Code | 522291 | BusinessCode |
| Total Revenue Column | 9108 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9108 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9108 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16 | TotalRevenueColumn |
| Exclusion | $16 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 904124 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9108 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $16 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110000 | Total |
| Program Services | 94834 | ProgramServices |
| Management And General | 8613 | ManagementAndGeneral |
| Fundraising | 6553 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2390 | Total |
| Program Services | 2061 | ProgramServices |
| Management And General | 187 | ManagementAndGeneral |
| Fundraising | 142 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11111 | Total |
| Program Services | 9667 | ProgramServices |
| Management And General | 887 | ManagementAndGeneral |
| Fundraising | 557 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8793 | Total |
| Program Services | 7650 | ProgramServices |
| Management And General | 703 | ManagementAndGeneral |
| Fundraising | 440 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 647 | Total |
| Management And General | 647 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22650 | Total |
| Program Services | 17971 | ProgramServices |
| Management And General | 4679 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2279 | Total |
| Program Services | 1840 | ProgramServices |
| Management And General | 439 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1875 | Total |
| Program Services | 1875 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13799 | Total |
| Program Services | 13799 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 261 | Total |
| Program Services | 218 | ProgramServices |
| Management And General | 30 | ManagementAndGeneral |
| Fundraising | 13 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3449 | Total |
| Management And General | 3449 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 177254 | Total |
| Program Services | 149915 | ProgramServices |
| Management And General | 19634 | ManagementAndGeneral |
| Fundraising | 7705 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 798466 | BOY |
| EOY | 15959 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1696445 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 189650 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1907 | BOY |
| EOY | 2093 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5136 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5010 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 388 | BOY |
| EOY | 126 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 990486 | BOY |
| EOY | 1714623 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6725 | BOY |
| EOY | 3992 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 500000 | BOY |
| EOY | 500000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 506725 | BOY |
| EOY | 503992 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58761 | BOY |
| EOY | 38131 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 425000 | BOY |
| EOY | 1172500 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 483761 | BOY |
| EOY | 1210631 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 990486 | BOY |
| EOY | 1714623 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 726870 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 109165 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 225535 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 99775 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 560000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 895000 | CurrentTaxYear |
| Total | 1889475 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 109165 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 225535 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 99775 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 560000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 895000 | CurrentTaxYear |
| Total | 1889475 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 8596 | AmountsSubstContributorsTotal |
| Public Support Total170 | 1880879 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 12711 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22524 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 19912 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 18845 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9124 | CurrentTaxYear |
| Total | 83116 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 1972591 | TotalSupport |
| Public Support Pertcentage170 | 0.95350 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.93530 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5136 | OtherCostOrOtherBasis |
| Depreciation | 5010 | Depreciation |
| Book Value | 126 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 126 | TotalOfBookValueLandBuildings |
| Total Revenue | 904124 | TotalRevenue |
| Total Expenses | 177254 | TotalExpenses |
| Excess Or Deficit For Year | 726870 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 726870 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 904124 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 904124 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 904124 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 177254 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 177254 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 177254 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | AT JUNE 30, 2012, THE ORGANIZATION IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS IN THE CURRENT YEAR OR FOR YEARS FOR WHICH THE STATUTE REMAINS OPEN. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| MICHAEL TOWBES - THE DUNCAN GROUP | |||
| BOARD MEMBER OF THE DUNCAN GROUP AND THE ORGANIZATION | 189650 | THE DUNCAN GROUP LOANED 189,650 IN FUNDS TO THE ORGANIZATION, WHICH WERE REPAID DURING THE YEAR ENDED JUNE 30, 2012. | 0 |
| MICHAEL TOWBES - MONTECITO BANK T | |||
| BOARD MEMBER OF MONTECITO BANK & TRUST AND THE ORGANIZATION | 0 | LINE OF CREDIT FACILITY WITH THE BANK. NO FUNDS DRAWN ON LINE OF CREDIT FACILITY. | 0 |
| GRAHAM LYONS - MULLEN HENZELL LL | |||
| BOARD MEMBER AND ATTORNEY PROVIDING LEGAL SERVICES TO THE ORGANIZATION | 647 | GRAHAM LYONS PROVIDED LEGAL SERVICES TO THE ORGANIZATION FOR WHICH HIS LAW FIRM WAS PAID $647 FOR THE YEAR ENDED JUNE 30, 2012. | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE L, PART V - ADDITIONAL INFORMATION | Identifier |
| Return Reference | BUSINESS TRANSACTIONS WITH INTERESTED PERSONS | ReturnReference |
| Explanation | A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS IS A SHAREHOLDER OF A FINANCIAL INSTITUTION WHERE A PORTION OF THE ORGANIZATION'S CASH IS DEPOSITED (TOTALING $179,923 AT JUNE 30, 2012) AND THAT PROVIDES A $750,000 LINE OF CREDIT TO THE ORGANIZATION AT A BELOW MARKET INTEREST RATE. THIS BOARD MEMBER IS ALSO A BOARD MEMBER WITH AN UNRELATED ORGANIZATION THAT THE ORGANIZATION GRANTED A LOAN TO IN THE AMOUNT OF $189,650. THIS LOAN WAS PAID OFF IN NOVEMBER 2011. THIS BOARD MEMBER ABSTAINED FROM VOTING ON ANY TRANSACTIONS WITH THE ABOVE NOTED FINANCIAL INSTITUTION AND UNRELATED ORGANIZATION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI | FORM 990, PART VI - AUTHORITY DELEGATED TO EXECUTIVE COMMITTEE EXPLANATION: PER THE BYLAWS, THE BOARD MAY, BY A MAJORITY VOTE OF DIRECTORS, DESIGNATE TWO OR MORE OF ITS MEMBERS, WHO MAY ALSO BE SERVING AS OFFICERS OF THIS CORPORATION, TO CONSTITUTE AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE, COMPRISED OF BOARD CHAIRMAN, TREASURER, AND SECRETARY, IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD, WITH CERTAIN EXCEPTIONS, SUCH AS AMENDING THE BYLAWS. THE EXECUTIVE COMMITTEE MET ONCE DURING THE YEAR ENDED JUNE 30, 2012. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO AND RATIFIED BY THE FULL BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | MANAGEMENT PERFORMED A DETAILED REVIEW OF THE 990. AFTER MANAGEMENT'S REVIEW, THE 990 WAS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. SUFFICIENT TIME WAS ALLOWED FOR ADDRESSING COMMENTS OR QUESTIONS. THE BOARD OF DIRECTORS APPROVED THE 990 AT ITS REGULARLY SCHEDULED BOARD MEETING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | PART VI, SECTION B, QUESTION 12C TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE INVOLVING VOLUNTEERS IN THE ORGANIZATION SHOULD BE MADE TO THE BOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. DISCLOSURE INVOLVING DIRECTORS AND COMMITTEE MEMBERS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD TREASURER) WHO SHALL BRING THESE MATTERS TO THE BOARD OF DIRECTORS THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN ITS SOLE DISCRETION, AND ITS CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE COMPLETED ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | DETERMINING COMPENSATION FOR EXECUTIVE MANAGEMENT IS DONE BY AN INDEPENDENT REVIEW BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES USE OF COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. APPROVED COMPENSATION IS BUDGETED AND CONTEMPORANEOUS DOCUMENTATION REGARDING THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT ARE MEMORIALIZED IN THE MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION HAS FORM 1023 ALONG WITH THE ORIGINALLY FILED BYLAWS FOR THE ORGANIZATION AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS OR BY REQUEST. | |
| FORM 990 PAGE 12, PART XII LINE 2C | THE ORGANIZATION'S JOINT AUDIT AND FINANCE COMMITTEE ASSUMES RESPONSIBILITY AND OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS. | REVIEW OF AUDITED FINANCIAL STATEMENTS |