Taylor Yard Master Association FY2024 filing

Not tax-deductible

Cerritos, CA501(c)(4)Housing EIN 46-1313963Revenue $244K in FY2024

On file with the IRS12607 Hiddencreek Way Ste R, 90703-2146 · Cerritos, CATax-exempt since Sep 2014

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To develop, operate, and maintain common area improvements for the cypress park neighborhood.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $92K a year · 39% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
13 mo
of spending, in cash
Looks good: 13.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
-9% vs prior year
Spent
$462K
To programs
89%
Net assets
$481K
By yearFY2020–FY2025
Revenue
$244K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$218K
FY2021$216K
FY2022$217K
FY2023$269K
FY2024$244K
FY2025$268K
Expenses
$462K
FY2024▲ +131%
Tap a bar for its year
Expenses by fiscal year
FY2020$495K
FY2021$527K
FY2022$106K
FY2023$200K
FY2024$462K
FY2025$196K
Net assets
$481K
FY2024▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$1.4M
FY2022$631K
FY2023$700K
FY2024$481K
FY2025$553K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $412K Management & general 11% · $50K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Taylor Yard Master Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves and maintains shared spaces for the Cypress Park neighborhood.

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Provided by the organization

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1 program · $412K · in their own filed words · FY2024
01

Development of common area improvements for taylor yard development in the cypress park neighborhood. The improvements were completed in 2015, and the association began its post-construction operation as an association to administer and maintain the improvements under the master declaration filed with the county of los angeles.

$412Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$241K
Investment incomeLn 3$3K
Other incomeLn 4–11$68
Money outPt IX
$462K
Ln 25
Programscol B$412K
Managementcol C$50K
Owns and owesPt X
$481K
net assets · Ln 32
Cash and savingsLn 1–2$500K
Total assetsLn 16$501K
LiabilitiesLn 26$20K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$241K
Investment incomeLn 3$3K
Other incomeLn 4–11$68
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$349K
Cash and savings togetherLn 1–2$500K
Total assetsLn 16$501K
LiabilitiesLn 26$20K
Net assetsLn 32$481K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$716K$500K
Total assetsLn 16$727K$501K
LiabilitiesLn 26$27K$20K
Net assetsLn 32$700K$481K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$35K$35K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$3K$3K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$386K$386K
All other expensesLn 24e$22K$15K$6K
Total functional expensesLn 25$462K$412K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $268K$196K$72K$553K 990 PDF
FY2024 Viewing $244K$462K−$218K$481K 990 PDF
FY2023 $269K$200K$69K$700K 990 PDF
FY2022 $217K$106K$110K$631K 990 PDF
FY2021 $216K$527K−$311K−$1.4M 990 PDF
FY2020 $218K$495K−$276K−$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $243,524 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $266,208$240,912
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,247$2,544
I-11 Other revenuePrior year $330$68
I-12 Total revenuePrior year $268,785$243,524
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $199,780$462,004
I-18 Total expensesPrior year $199,780$462,004
I-19 Revenue less expensesPrior year $69,005−$218,480
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $243,524 across 5 lines filed
VIII-1b Membership dues$240,912
VIII-1h Total contributions, gifts and grants$240,912
VIII-3 Investment incomeRelated to mission $2,544$2,544
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68$68
VIII-12 Total revenueRelated to mission $2,612 · Unrelated business $0 · Excluded from tax $0$243,524
Part IX · Statement of functional expenses $462,004 across 6 lines filed
IX-11a Management feesManagement $35,416$35,416
IX-11b Legal feesManagement $5,258$5,258
IX-11c Accounting feesManagement $3,048$3,048
IX-23 InsurancePrograms $10,995$10,995
IX-24 Other expenses (24a–d)Programs $385,561$385,561
IX-24e All other expensesPrograms $15,234 · Management $6,492$21,726
IX-25 Total functional expensesPrograms $411,790 · Management $50,214 · Fundraising $0$462,004
Part X · Balance sheet $501,433 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $167,250$151,729
X-2 Savings and temporary cash investmentsStart of year $548,473$348,767
X-4 Accounts receivableStart of year $10,970$937
X-16 Total assetsStart of year $726,693$501,433
X-17 Accounts payable and accrued expensesStart of year $10,662$18,132
X-19 Deferred revenueStart of year $16,358$2,108
X-26 Total liabilitiesStart of year $27,020$20,240
X-32 Total net assets or fund balancesStart of year $699,673$481,193
X-33 Total liabilities and net assetsStart of year $726,693$501,433
Part XI · Reconciliation of net assets $481,193 net assets at year end
XI-1 Total revenue$243,524
XI-2 Total expenses$462,004
XI-3 Revenue less expenses−$218,480
XI-4 Net assets at start of year$699,673
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$481,193

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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