Rancho Cucamonga II Inc C/O BARINGS LLC

Nonprofit profile at a glance

EIN
043243602
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
8605092200
Rating
58
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$10,281,210
Expenses
$5,403,537
Assets
$301,450,294
Liabilities
$76,133,074

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JOHN KOLB (PRESIDENT & DIRECTOR)
  • CHRISTOPHER BLACK (VICE PRESIDENT)
  • ANDREW COATES (VICE PRESIDENT)
  • LORI DYER (VICE PRESIDENT)
  • JOSEPH GORIN (VICE PRESIDENT)
  • BENJAMIN GREEN (VICE PRESIDENT)

Highest reported compensation

  • BARINGS LLC (Non-Member Manager): $3,156,917 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Real property holding company

What it reported doing in 2024

The organization acquired and held title to real property, collected and remitted the income therefrom to its owner the lucent master pension trust (a tax-exempt entity).

Operating model

Revenue model
Earned-program. 100% 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

MIXED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 66
  • Accountability: 21
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52%; rating input score 52
  • Program expense ratio: 99%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 47.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 55.79; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 14.8% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 52% of revenue deployed · 99% of spending went to programs
  • Governance: 0 of 2 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.3M in reported program spending
  • Leadership: top reported pay $3.2M · 13 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $315K reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.