CHOCO Realty Corporation

Nonprofit profile at a glance

EIN
330011853
IRS 990 coverage
2009–2011
Forms available
Form 990 2011
Location
Orange, CA, USA
Phone
7149973000
Rating confidence
Limited
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$49,875,269
Expenses
$14,323,401
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

6 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Choco realty corporation owns real estate for the benefit of children's hospital of orange county and affiliates. Revenue is derived from leasing this property, principally to affiliates of choco realty corporation. Funding for the purpose and rehabilitation of real estate is provided by contributions from affiliated entities and other grants.

What it reported doing in 2011

The organization owns and maintains the hospital buildings that house Children's Hospital of Orange County (CHOC). Children's Hospital of Orange County provides specialized pediatric services for the medical/surgical care of children from birth to age 17; 59,397 days of inpatient care; 50,992 emergency room visits; 1,523 day health visits; 8,247 surgeries were performed during the fiscal year. Additionally, CHOC's Outreach Clinics are located in low income neighborhoods providing healthcare services to the underinsured children of Orange County. Effective November 1, 2011, CHOC formed a California Medical Foundation that provided 130,111 pediatric subspecialty service encounters to patients throughout Orange County and beyond. See our complete community benefits report on our website at www.choc.org.

Operating model

Revenue model
Affiliate-supported. 65% of the money available for current operations came from contributions from related organizations.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 69
  • Accountability: 79
  • Sustainability: 56
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 17th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 71.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.3%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 48.6% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -73.7% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $9.3M in reported program spending
  • Leadership: top reported pay $1.3M · 6 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2009 to 2011
  • Money network: 1 filed money-flow record
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.