Preserve Master Community Corp
Nonprofit profile at a glance
- EIN
- 202322652
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Irvine, CA, USA
- Phone
- 9494486000
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeowners & Tenants Associations
Reported finances
- Revenue
- $2,865,201
- Expenses
- $2,672,742
- Assets
- $3,334,943
- Liabilities
- $265,097
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- PAT LOY (PRESIDENT)
People named in this filing
- BRYANT MOK (MEMBER-AT-LA)
- SCOTT ATKINS (SECRETARY)
- DARIUS FATAKIA (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To maintain recreational facilities and other common areas accessible to community members and the public.
What it reported doing in 2024
The association was created in order to maintain community recreational facilities, certain common expenses, and common landscape areas for the benefit and welfare of a community area known as the preserve. The preserve is a master planned community encompassing over 1,000 acres including approximately 33 acres devoted to parks. At build out the association will include 8,104 homes.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.2%; rating input score 71
- Program expense ratio: 79.3%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.7%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 1.25; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 10.5% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 11.3% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 71.2% of revenue deployed · 79.3% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 20 of 20 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2017 to 2024
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.