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Triad Properties FY2020 filing

Tax-deductible

Ventura, CA501(c)(3)Since 2004Housing EIN 73-1726671Revenue $579K in FY2020

On file with the IRS995 Riverside St, 93001-1636 · Ventura, CATax-exempt since Nov 2006Supporting organization — 509(a)(3)

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To promote and develop affordable housing and related services to low and moderate income households in the ventura county community.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 surplus $21K a year · 4% 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$579K
Spent
$400K
To programs
80%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$579K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$579K
FY2021$407K
FY2022$430K
FY2023$442K
FY2024$517K
FY2025$622K
Expenses
$400K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$400K
FY2021$422K
FY2022$394K
FY2023$511K
FY2024$505K
FY2025$636K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 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 Nov 2006.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $320K Management & general 20% · $80K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Jime White
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Ramsey M Jay
Director
$0Pt VII · Sec A
John Polanskey
Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Denise Wise
Executive Director
$0Pt VII · Sec A
Joe Nocella
Secretary/Treasurer
$0Pt VII · Sec A
See Triad Properties 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

Develops affordable housing and services for low-income households in Ventura County.

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Provided by the organization

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1 program · $320K · in their own filed words · FY2019
01

To promote and develop affordable housing and related services to low and moderate income households in the Ventura County community.

$320Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$579K
Ln 12
Fees for servicesLn 2g$579K
Investment incomeLn 3$9
Money outPt IX
$400K
Ln 25
Programscol B$320K
Managementcol C$80K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$656K
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$579K
Investment incomeLn 3$9
Total revenueLn 12$579K
Assets in detailPt X, end of year
CashLn 1$628K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$656K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.0M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$656K
Land, buildings, equipmentLn 10c$4.6M$1.6M
Total assetsLn 16$5.9M$3.2M
LiabilitiesLn 26$4.9M$2.0M
Net assetsLn 32$975K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$19K$15K$4K$0
Legal feesLn 11b$12K$9K$2K$0
Accounting feesLn 11c$4K$3K$782$0
Other fees for servicesLn 11g$23K$19K$5K$0
Advertising and promotionLn 12$3$3$0$0
Office expensesLn 13$97K$77K$19K$0
TravelLn 17$180$144$36$0
InterestLn 20$12K$10K$2K$0
Depreciation, depletion and amortizationLn 22$62K$50K$12K$0
InsuranceLn 23$32K$25K$6K$0
Other expenses (24a–d)Ln 24$140K$112K$28K$0
Total functional expensesLn 25$400K$320K$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $622K$636K−$14K$1.1M 990 PDF
FY2024 $517K$505K$12K$1.1M 990 PDF
FY2023 $442K$511K−$69K$1.1M 990 PDF
FY2022 $430K$394K$36K$1.2M 990 PDF
FY2021 $407K$422K−$15K$1.1M 990 PDF
FY2020 Viewing $579K$400K$179K$1.2M 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 FY2020 990 (6 parts)
Part I · Summary $579,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,408$0
I-9 Program service revenuePrior year $476,733$579,321
I-10 Investment incomePrior year $13$9
I-11 Other revenue$0
I-12 Total revenuePrior year $492,154$579,330
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $417,528$400,243
I-18 Total expensesPrior year $417,528$400,243
I-19 Revenue less expensesPrior year $74,626$179,087
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $579,330 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$579,321
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$9
VIII-12 Total revenueRelated to mission $579,330 · Unrelated business $0 · Excluded from tax $0$579,330
Part IX · Statement of functional expenses $400,243 across 11 lines filed
IX-11a Management feesPrograms $14,919 · Management $3,730 · Fundraising $0$18,649
IX-11b Legal feesPrograms $9,393 · Management $2,348 · Fundraising $0$11,741
IX-11c Accounting feesPrograms $3,128 · Management $782 · Fundraising $0$3,910
IX-11g Other fees for servicesPrograms $18,604 · Management $4,651 · Fundraising $0$23,255
IX-12 Advertising and promotionPrograms $3 · Management $0 · Fundraising $0$3
IX-13 Office expensesPrograms $77,386 · Management $19,347 · Fundraising $0$96,733
IX-17 TravelPrograms $144 · Management $36 · Fundraising $0$180
IX-20 InterestPrograms $9,803 · Management $2,451 · Fundraising $0$12,254
IX-22 Depreciation, depletion and amortizationPrograms $49,890 · Management $12,473 · Fundraising $0$62,363
IX-23 InsurancePrograms $25,266 · Management $6,317 · Fundraising $0$31,583
IX-24 Other expenses (24a–d)Programs $111,657 · Management $27,915 · Fundraising $0$139,572
IX-25 Total functional expensesPrograms $320,193 · Management $80,050 · Fundraising $0$400,243
Part X · Balance sheet $3,168,799 assets, 12 lines filed
Asset lines not itemized here account for $850,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,192,125$628,080
X-2 Savings and temporary cash investmentsStart of year $27,613$27,622
X-4 Accounts receivableStart of year $3,331$104,319
X-9 Prepaid expenses and deferred chargesStart of year $3,267$326
X-10c Land, buildings and equipment, netStart of year $4,630,053$1,558,452
X-16 Total assetsStart of year $5,856,389$3,168,799
X-17 Accounts payable and accrued expensesStart of year $12,492$9,390
X-25 Other liabilitiesStart of year $1,226,030$1,168,561
X-26 Total liabilitiesStart of year $4,881,794$2,015,117
X-27 Net assets without donor restrictionsStart of year $974,595$1,153,682
X-32 Total net assets or fund balancesStart of year $974,595$1,153,682
X-33 Total liabilities and net assetsStart of year $5,856,389$3,168,799
Part XI · Reconciliation of net assets $1,153,682 net assets at year end
XI-1 Total revenue$579,330
XI-2 Total expenses$400,243
XI-3 Revenue less expenses$179,087
XI-4 Net assets at start of year$974,595
XI-10 Net assets at end of year$1,153,682

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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