2019-11-07T08:39:22-08:00 2018-12-31 952101327 Lund & Guttry LLP 36917 Cook Street Ste 102 Palm Desert CA 92211 990 2018-01-01 952684844 Coachella Valley Rescue Mission COAC 7603473512 47-470 Van Buren Indio CA 92201 Darla Burkett Executive Director 2019-11-05 true Gary W Dack P00626592 7605682242 2018 2020-03-31 21:24:44Z Darla Burkett 47-470 Van Buren Indio CA 92201 8394349 false false X www.cvrm.org X 1971 CA The Mission is an oasis, a place of refuge for the homeless and needy in the Coachella Valley. It is a safe haven, a place of rest for the weary, and a place where daily physical and spiritual needs may be met. 11 11 82 1800 0 6538916 7123955 57423 66074 48422 43554 651187 534021 7295948 7767604 327303 427125 0 1981532 2055981 0 576961 4961157 5469026 7269992 7952132 25956 -184528 13507734 12835000 846890 409432 12660844 12425568 To serve those in need by sharing the saving grace of Jesus Christ through the provision of food, shelter, clothing and spiritual recovery. false false 6642624 The Mission provides temporary food and shelter for the homeless as well as job training and assistance finding permanent housing and employment. Clients who live at the Mission receive food and shelter and also participate in job training. The public also receives hot meals in our public breakfast/lunch/dinner services. Food boxes are also available. In 2018, the Mission served 355,000 meals for hungry and hurting men, women and children. Women and children account for 37% of this total and Seniors are now the fastest growing segment of services. Over 64,274 food boxes were distributed throughout the year which served over 54,153 adults and 10,121 children in families who had to make the choice between food and rent. Over 109,000 bed-nights were provided. The mission was blessed with over 25,000 hours of volunteer help from the community who helped meet these immense needs. In May 2018, CVRM opened its Multi-Purpose building to allow better service for men, women, and children coming for emergency shelter as overflow. This building allows day services and cooling center services along with additional case management to help clients move into programs for improvement of their life situations. With the 2018 grants for Housing, the Mission has assisted 49 people within 38 households into their own independent homes through case management for budgeting, preparing for their new home and follow up after placement, and the provision of rental deposits and first few month's rent. The Mission also makes frequent outreach trips to homeless camps. In 2018, 51 outreach trips were made where we distributed 6,480 items of hygiene, food, water and encouraged 720 people to come to the Mission for program services. 6642624 true true false false false false false false false false true false false false false false false true false false false false false false true false false false true false false false false false false false false false false false false true false false false false true false false false true 25 0 true 82 true false false false false false false true true false 0 false false false true false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false CA X Sue Meyers 7603473512 47-470 Van Buren Indio CA 92201 Floyd Rhoades Chairman 2.00 0.00 X X 0 0 0 Jim Parrish Vice Chairman 1.00 0.00 X X 0 0 0 Bill Heck Secretary 3.00 0.00 X X 0 0 0 Joseph Hayes Treasurer 1.00 0.00 X X 0 0 0 Connie Dorst Director 1.00 0.00 X 0 0 0 Ernesto Rosales Director 0.50 0.00 X 0 0 0 Jim Snellenberger Director 0.50 0.00 X 0 0 0 Diane Busch Director 0.50 0.00 X 0 0 0 Richard Twiss Director 1.00 0.00 X 0 0 0 Jeff Fishbein Director 1.00 0.00 X 0 0 0 Matthew List Director 1.00 0.00 X 0 0 0 Darla Burkett Executive Dir. 40.00 0.00 X 128429 0 8637 Sue Meyers Associate Dir. 40.00 0.00 X 99259 0 8979 227688 17616 1 false false false 0 111830 897014 6115111 3413124 7123955 Program income 66074 66074 66074 62019 62019 0 0 245423 245423 245423 245423 500085 700 516983 2267 -16898 -1567 -18465 -18465 34010 111830 107495 -73485 0 349399 349399 349399 Ground lease income 624200 9046 9046 Vending mach/Misc 624200 3638 3638 12684 7767604 655115 62019 0 427125 427125 0 0 227688 145720 56922 25046 0 1558413 997385 389603 171425 0 104907 67140 26227 11540 164973 105583 41243 18147 0 15535 15535 35213 35213 0 0 0 39170 36427 1567 1176 0 0 0 0 893210 845045 29146 19019 168723 152331 8196 8196 0 0 80587 80587 0 550013 534809 15204 163532 122649 32706 8177 Food service 2946578 2887646 58932 Other loss - wind down 435270 435270 Direct mail and Postage 304902 7473 934 296495 Programs and case management 89832 89832 -253539 -211811 -59468 17740 7952132 6642624 732547 576961 404693 603679 496426 793436 0 215430 178424 0 0 0 0 76962 244480 11351689 1039716 3040330 10311973 761462 685758 0 0 0 8512431 17250 13507734 12835000 225407 409432 621483 846890 409432 X 12645844 12415911 15000 9657 12660844 12425568 13507734 12835000 -184528 -50748 X false true X true false X 4610825 5309512 6428525 6538916 7123955 30011733 671777 737776 898335 716473 694906 3719267 0 0 0 5282602 6047288 7326860 7255389 7818861 33731000 0 0 33731000 96423 64372 52980 66044 62019 341838 0 96423 64372 52980 66044 62019 341838 0 44504 43983 45230 48051 12684 194452 5423529 6155643 7425070 7369484 7893564 34267290 0.98430 0.98200 0.01000 0.01120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 267455 267455 9949567 9949567 1108917 1108917 25750 1039716 -1013966 10311973 7824351 -50748 107495 56747 7767604 7767604 8415301 463169 463169 7952132 7952132 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Special event expense $107495 Part XII, Line 2d: Other expenses and losses per audited F/S Special event expense $107495 NMTC allocations $355674 false Gala 99420 77920 21500 20700 1500 3200 Golf Tournament 30355 23695 6660 3700 2590 1500 1 16065 10215 5850 74305 145840 111830 34010 24400 2590 1500 79005 107495 -73485 false 0 0 Food/shelter/training 3100 427125 Personal evaluations X 480771 Thrift Str Val X 45 45385 Actual amt rec X 29 2886968 COST false false false Form 990, Part VI, Line 11b: Form 990 Review Process The Board, Audit Committee and the Associate Director review the 990 prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annual topic of Board meetings and annual signed commitments. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management A Staff hierarchy chart is compiled in the order of staff position and pay scale is determined by market value and by comparison to other Missions through shared information mail lists. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees A Staff hierarchy chart is compiled in the order of staff position and pay scale is determined by market value and by comparison to other Missions through shared information mail lists. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization's governing documents are made available to the public at request. CVRM NMTC Project Holdings 47470 Van Buren Street Indio CA 92201 452479650 Lessor of real estate CA 501(c)(3) Line 12A Coachella Valley Rescue Mission false false false false true false false false true false false false false false true false false false false false CVRM NMTC Project Holdings d 8143746 Actual $ CVRM NMTC Project Holdings h 8300404 Net Book Value CVRM NMTC Project Holdings n 1079051 Actual $ CVRM NMTC Project Holdings Note 1 - Organization:In August 2011, the Organization entered into a New Markets Tax Credit (NMTC) transaction to help finance the construction of its new facility. The new 43,000 square foot facility opened in November 2011. The Mission created CVRM NMTC Project Holdings (NMTC) for the sole purpose of facilitating the NMTC transaction as a Qualified Active Low Income Community Business (QALICB). NMTC Project Holdings holds the project property to be leased back to the Mission for the Mission's sole purpose of operating its business and furthering its mission to aid those less fortunate.The New Markets Tax Credit Program was designed to stimulate investment and economic growth in low-income communities by offering a seven-year, 39% federal tax credit for Qualified Equity Investments (QEI) made through investment vehicles known as Community Development Entities (CDE). CDE's use capital derived from tax credits to make loans to or investments in businesses and projects in low-income areas.As part of the transaction, the Organization committed to lend $8,143,746 to LCD New Markets Fund X, LLC, the Investment Fund. The amount borrowed at closing on August 25, 2011 amounted to $8,143,746, referred to as "Loan A" (See note 4).Neither the Mission nor NMTC Project Holdings controls or has economic interest in the assets of either QEI or the CDEs. The QEI is controlled and wholly owned by Chase Bank and the Investment Fund controls and funds the CDE.To earn the tax credit the QEI must remain invested in the CDE for a seven-year period. The Mission and Chase Bank have entered into a put/call option agreement to take place at the end of the seven-year period. Under the agreement, Chase Bank can exercise a put option to sell all interest in the QEI for $1,000 to the Mission. If Chase Bank does not exercise the put option within 90 days of the seven-year period, the Mission can exercise a call option to purchase the interest of the QEI at an appraised fair market value. On September 10, 2018 Chase Bank exercised the put option and all NMTC Project Holdings and related Mission accounts were closed as part of the unwinding transaction. (See notes following for further disclosure on NMTC transaction).Note 2 - Operating lease:As part of the transaction discussed in Note 1, NMTC entered into an agreement to lease its facility to the Mission to conduct its operations. The terms of the lease are from December 2011 through December 2066. NMTC has provided for a rent subsidy for first seven years of the lease through December 2018.The net lease payments, net of subsidies, amount to $119,000 per year through December 2018. The lease between NMTC and the Mission ended on September 10, 2018 when NMTC was part of the unwinding transaction (See note 5).Note 3 - Note Receivable:During the year ended December 31, 2011, the Organization issued a note receivable in the amount of $8,143,746 to Chase NMTC CVRM Investment Fund, LLC in connection with the development of NMTC Project Holdings as described in note 1. The note bears interest at .50% per annum payable annually, with principal payments starting December 2018 through December 2036 in annual payments ranging from $159,269 to $608,193. The note receivable was forgiven on September 10, 2018 as part of the unwinding transaction (See note 5).Note 4 - Notes payable - NMTCNMTC had two notes payable at December 31, 2018 consisting of the following:Note payable (Loan A) payable to LCD New Markets Fund X, LLC, the Investment Fund in original amount of $8,143,476. Annual interest payments at .50%, with principal payments starting December 2018 through December 2036 in annual payments ranging from $159,269 to $608,193. Loan secured by new facility. The note payable was forgiven on September 10, 2018 as part of the unwinding process (See note 5.)Note Payable (Loan B) payable to LCD New Markets Fund X, LLC, the Investment Fund in original amount of $ 2,828,654. Annual interest payments at 2.67%, with principal payments starting December 2018 through December 2027 in annual payments ranging from $83,477 to $400,071. Loan secured by new facility. The note payable was forgiven on September 10, 2018 as part of the unwinding process (See note 5).Note 5 - NMTC WIND DOWNOn September 10, 2018, the wind down of all NMTC Project Holdings and related Mission accounts were closed as part of the unwinding transaction.A summary of the details for each entity is as follows:Mission Income(loss)------- ------------- Transfer net book value of propertyand equipment from NMTC $ 7,369,740- Write off note receivable from ChaseNMTC CVRM Investment Fund (8,143,746)- Recognize remaining income from deferredincome on sale of ground lease to NMTC 612,437- Write off investment in NMTC (356,185)- Final remaining proceeds received fromLCD New Markets Fund X, LLC 82,484 ------------990 Page 10 Part IX Line 24bOther loss - Wind down $ (435,270) ============NMTC Income(loss)------- ------------ - Transfer net book value of propertyand equipment to Mission $(7,369,740)- Forgiveness of note payable (Loan A)to LCD New Markets Fund X, LLC 8,143,746- Forgiveness of note payable (Loan B)to LCD New Markets Fund X, LLC 2,838,654- Write off remaining unamortizedcapital costs (317,453)- Write off remaining unamortizedintangible ground lease asset (612,437) ------------ $ 2,682,770 ============