2024-05-01T00:24:02-05:00 2023-09-30 943108253 NOVOGRADAC & COMPANY LLP 2033 N MAIN ST SUITE 400 WALNUT CREEK CA 94596 990 2022-10-01 954207717 CALIFORNIA COMMUNITY REINVESTMENT CORPORATION CALI 8185509800 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 JAMIE NELSON PRESIDENT 8185509813 2024-05-01 1 JAMIE NELSON 999009999 1 PAUL CHARRON P01086641 9259494300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIA B PATTERSON 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 16967100 0 X WWW.E-CCRC.ORG X 1989 CA THE ORGANIZATION WILL INCREASE THE AVAILABILITY OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, SENIORS AND RESIDENTS WITH SPEICAL NEEDS THORUGHOUT CALIFORNIA BY FACILITATING PRIVATE CAPITAL FLOW TO DEVELOPERS OF AFFORDABLE HOUSING. 13 12 27 20 0 0 67000 23052 10144588 14544055 332513 325261 0 2074732 10544101 16967100 142055 41825 0 0 5020472 5956278 0 0 0 6852759 7907750 12015286 13905853 -1471185 3061247 201795641 242788084 132395462 167345060 69400179 75443024 THE ORGANIZATION WILL INCREASE THE AVAILABILITY OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, SENIORS AND RESIDENTS WITH SPECIAL NEEDS THROUGHOUT CALIFORNIA BY FACILITATING PRIVATE CAPITAL FLOW TO DEVELOPERS OF AFFORDABLE HOUSING. 0 0 12975377 16618787 PROVIDE FINANCING AND RELATED SERVICES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING UNITS PRIMARILY FOR LOW AND VERY LOW INCOME FAMILIES IN THE STATE OF CALIFORNIA. 41825 41825 PROVIDING SCHOLARSHIPS FOR QUALIFIED HOUSING RESIDENTS PROVIDING GRANTS TO SUPPORT CLIENTS TO LAUNCH, SUPPORT, OR EXPAND PLATFORMS FOR RESIDENT SERVICES WITH BRIDGING THE DIGITAL DIVIDE AS A GUIDING MISSION. 13017202 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 20 0 27 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TIA B PATTERSON 8185509813 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 MARK J GLASKY BOARD MEMBER, EXECUTIVE CO 2.00 X 0 0 0 THOMAS VANDIVER BOARD MEMBER, AUDIT COMMIT 2.00 X 0 0 0 LISA GUTIERREZ BOARD CHAIR, EXECUTIVE COM 2.00 X 0 0 0 ROBIN HUGHES BOARD MEMBER 2.00 X 0 0 0 JANET GARUFIS BOARD MEMBER 2.00 X 0 0 0 STEVE HERMAN BOARD MEMBER 2.00 X 0 0 0 JOHN S KAUH BOARD VICE CHAIR, EXECUTIV 2.00 X 0 0 0 RAY PEARL BOARD MEMBER 2.00 X 0 0 0 ELIZABETH SOUTHORN BOARD MEMBER 2.00 X 0 0 0 CECILE CHALIFOUR BOARD MEMBER 2.00 X 0 0 0 JOHN CHAN BOARD MEMBER: AUDIT VICE C 2.00 X 0 0 0 JIMAR WILSON BOARD MEMBER 2.00 X 0 0 0 MARK RASMUSSEN EXEC VICE PRESIDENT 40.00 X 431033 0 37612 JAMIE NELSON TREASURER 40.00 X 267250 0 34650 MARIA MAJCZINGER SR VICE PRESIDENT 40.00 X 236000 0 26623 MARLA GARCIA ASSISTANT SECRETARY 40.00 X 114425 0 7596 TIA BOATMAN PATTERSON PRESIDENT AND CEO 40.00 X 0 0 0 DONALD CAVIER CHIEF OPERATING OFFICER 40.00 X 0 0 0 DAVID SALTZMAN SR. VICE PRESIDENT 40.00 X 332250 0 52173 MARK NILES SR VICE PRESIDENT 40.00 X 233180 0 32023 LAURA ORELLANA RELATIONSHIP MANAGER 40.00 X 205583 0 34674 RENEE COOKS SR VICE PRESIDENT 40.00 X 193500 0 28105 AARON SMITH RELATIONSHIP MANAGER 40.00 X 195000 0 22360 ANDY CHAN LOAN FUNDING MANAGER 40.00 X 165231 0 19047 MARY KAISER FORMER PRESIDENT 40.00 X 474000 0 35782 2847452 0 330645 11 1 1 0 GLENDALE 11 MALL ASSOCIATES 100 WEST BROADWAY GLENDALE CA 91203 OFFICE LEASE 280739 ANTHEM BLUE CROSS 220 VIRGINA AVENUE INDIANAPOLIS IN 46204 HEALTH INSURANCE-EMPLOYEES 166305 ARTHUR GALLAHGHER 2850 GOLD ROAD ROLLING MEADOWS IL 60008 INSURANCE & BONDS 155246 ADP 1 ADP BLVD ROSELAND NJ 07068 BENEFITS/SALARY 137839 WELLS FARGO CARD SERVICES 420 MONTGOMERY STREET SAN FRANCISCO CA 94163 CREDIT CARD 119302 5 23052 23052 INTEREST INCOME-LOANS 525990 8618701 8618701 LOAN SERVICING FEES 525990 2075879 2075879 INTEREST INCOME - SWEEP 525990 1771104 1771104 LOAN, RATE LOCK FEES 525990 1630601 1630601 CREDIT ENHANCEMENT & OTHER FEES 525990 447770 447770 14544055 325261 325261 RECOVERY OF BAD DEBTS 525990 2074732 2074732 2074732 16967100 16618787 0 325261 41825 41825 2083830 1523516 560314 2932247 2932247 274334 238519 35815 359000 331342 27658 306867 271942 34925 102521 92269 10252 123010 26250 96760 301326 301326 40089 40089 190856 172302 18554 262023 232202 29821 99616 99616 26836 23915 2921 6437763 6437763 32387 23086 9301 148404 86074 62330 DUES & SUBSCRIPTIONS 120082 120082 BANK SERVICE CHARGES 22837 22837 13905853 13017202 888651 0 25360602 18438485 1126579 1027664 142803849 189412102 124635 151571 585981 574326 38602 11655 27336705 27060781 5004669 6685826 201795641 242788084 1328598 1219689 5980518 5864724 124572261 159677582 514085 583065 132395462 167345060 X 68673130 75267469 727049 175555 69400179 75443024 201795641 242788084 3061247 2981598 0 X 0 1 X 1 0 X 3254600 46500 171304 67000 23052 3562456 13453845 17171260 51375161 10144588 16618787 108763641 16708445 17217760 51546465 10211588 16641839 112326097 0 1340318 1133893 40247121 1764550 1090379 45576261 1340318 1133893 40247121 1764550 1090379 45576261 66749836 3386473 4741437 1640602 332513 325261 10426286 3386473 4741437 1640602 332513 325261 10426286 20094918 21959197 53187067 10544101 16967100 122752383 0.54380 0.52330 0.08490 0.10180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 140179164 20181514 9719443 150641235 0 1082049 77011 41825 586680 530555 115424 1008680 42055 1082049 517074 96304 66000 431954 115424 2618826 46500 41374 2106878 517074 81394 3204600 667168 2618826 0.67000 0.33000 0 0 585981 574326 11655 11655 GUARANTEED INT ONLY STRIPS 7625166 F NON-GUARTD INT ONLY STRIPS 6472815 F COLLATERALIZED MORTG OBLGTN 12962800 F 27060781 INTEREST PAYABLE - MEMBER BANKS 583065 583065 17873966 2981598 2981598 14892368 2074732 2074732 16967100 11831121 -2074732 -2074732 13905853 0 13905853 PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE AS FOLLOWS: $53,959 IS DONOR RESTRICTED FOR HOUSING FINANCING; $121,596 IS DONOR RESTRICTED FOR SCHOLARSHIPS; AND $355,000 IS THE BOARD-DESIGNATED FUND WITHOUT DONOR RESTRICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY PART IV, LINE 1B: THE ORGANIZATION HOLDS CERTAIN BORROWER RESERVE BALANCES TO BE REMITTED TO THIRD PARTIES ON BEHALF OF THE BORROWERS OR RETURNED TO THE BORROWERS. SUCH AMOUNTS ARE NOT REFLECTED ON THE ORGANIZATION'S FINANCIAL STATEMENTS OR BOOKS. ADDITIONS INCLUDE THE YEAR-END BALANCE OF BOND LOAN BORROWER RESERVE BALANCES TO BE REMITTED TO THIRD PARTIES ON BEHALF OF THE BORROWERS OR RETURNED TO THE BORROWERS. SUCH AMOUNTS ARE NOT REFLECTED ON THE ORGANIZATION'S FINANCIAL STATEMENTS OR BOOKS. 1 SCHOLARSHIPS FOR STUDENTS ATTENDING QUALIFIED EDUCATION 20 41825 FORM 990 SCH I PART I LINE 2: AN INDEPENDENT SCHOLARSHIP COMMITTEE REVIEWS ALL SCHOLARSHIP APPLICATIONS AND DETERMINES THE ELIGIBILITY AND SCHOLARSHIP GRANT AMOUNT. THE MAJORITY OF THE SCHOLARSHIP GRANT FUNDS ARE MADE PAYABLE TO AND MAILED DIRECTLY TO THE SCHOOL. A SCHOLARSHIP CHECK IS ONLY MADE PAYABLE TO THE STUDENT WHEN THE SCHOOL WILL NOT ACCEPT PAYMENT ON BEHALF OF THE STUDENT. IN THIS INSTANCE, THE STUDENT MUST SUBMIT THE APPROPRIATE RECEIPTS TO BE REIMBURSED. X X X 0 0 0 0 0 0 0 0 0 MARY KAISER FORMER PRESIDENT 474000 0 0 0 0 0 25306 0 10476 0 509782 0 0 0 MARK RASMUSSEN EXEC VICE PRESIDENT 431033 0 0 0 0 0 25316 0 12296 0 468645 0 0 0 DAVID SALTZMAN SR. VICE PRESIDENT 332250 0 0 0 0 0 25316 0 26857 0 384423 0 0 0 JAMIE NELSON TREASURER 267250 0 0 0 0 0 21286 0 13364 0 301900 0 0 0 MARK NILES SR VICE PRESIDENT 233180 0 0 0 0 0 18658 0 13365 0 265203 0 0 0 MARIA MAJCZINGER SR VICE PRESIDENT 236000 0 0 0 0 0 18586 0 8037 0 262623 0 0 0 LAURA ORELLANA RELATIONSHIP MANAGER 205583 0 0 0 0 0 15392 0 19282 0 240257 0 0 0 RENEE COOKS SR VICE PRESIDENT 193500 0 0 0 0 0 14428 0 13677 0 221605 0 0 0 AARON SMITH RELATIONSHIP MANAGER 195000 0 0 0 0 0 14526 0 7834 0 217360 0 0 0 ANDY CHAN LOAN FUNDING MANAGER 165231 0 0 0 0 0 11335 0 7712 0 184278 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PER CCRC'S BYLAWS, CCRC HAS MEMBERS. THE MEMBERS HAVE ONE VOTE PER $1 MILLION OF CREDIT LINE FOR THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE INDIVIDUAL DIRECTORS ARE ELECTED BY THE MEMBERS. THE BOARD OF DIRECTORS EXERCISES AND MANAGES ALL POWERS AND ACTIVITIES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS FORM TO OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY AND HAS THEM COMPLETE THE FORM AND SEND BACK TO THE OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION COMPARABILITY DATA AND PERFORMANCE GOALS OF THE PRESIDENT TO DETERMINE THE PRESIDENT'S COMPENSATION. THE PRESIDENT DETERMINES THE COMPENSATION OF OTHER EMPLOYEES WHICH IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS PROVIDED UPON REQUEST. HOWEVER, THE TAXPAYER RESERVES THE RIGHT TO DENY THE REQUEST. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC: MARK J GLASKY - BANK OF THE WEST, 180 MONTGOMERY STREET, 25TH FLOOR SAN FRANCISCO, CA 94104 THOMAS VANDIVER - DENTONS, ONE METROPOLITAN SQUARE, SUITE 3000 ST. LOUIS, MO 63102 LISA GUTIERREZ - US BANK, 621 CAPITOL MALL, SUITE 800, SACRAMENTO, CA 95814 ROBIN HUGHES - ABODE COMMUNITIES, 1149 S, HILL STREET, SUITE 700 LOS ANGELES, CA 90015 KEN SOFGE - WELLS FARGO BANK, 333 SOUTH GRAND, 7TH FLOOR, MAC E2064-075 LOS ANGELES, CA 90017 STEVE HERMAN - CALIFORNIA BANK & TRUST, 1900 AVENUE OF THE STARS, SUITE 235 LOS ANGELES, CA 90067 ALICE CARR - JP MORGAN CHASE 300 S. GRAND 4TH FLOOR, LOS ANGELES, CA 90071 RAY PEARL - CALIFORNIA HOUSING CONSORTIUM 30141 AGOURA ROAD, SUITE 205 AGOURA HILLS, CA 91031 ELIZABETH SOUTHORN - LIFESTEPS, INC., 4041 BRIDGE STREET FAIR OAKS, CA 95628 BOB BESSER - CITY NATIONAL BANK, 555 SOUTH FLOWER STREET LOS ANGELES, CA 90071 JOHN CHAN - BBVA COMPASS BANK, 202 N. HUNTER ST., #200, STOCKTON, CA 95202 FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PART 990, PART IX, LINE 7 COLUMN A THE ORGANIZATION CAPITALIZES A PORTION OF EMPLOYEES' SALARIES TO LOAN FEES AND AMORTIZES THE LOAN FEES OVER THE TERMS OF THE LOANS. FOR YEAR ENDED 09/30/2023, EMPLOYEES' WAGES WERE REDUCED BY $115,562 WHICH WAS RECLASSIFIED TO LOAN FEES. CCRC AFFORDABLE HOUSING PARTNERS LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 954799771 FINANCING FOR AFFORDALBE HOUSING CA CALIFORNIA COMMUNITY REINVESTMENT CORP CCRC DEPOSITOR LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 DEPOSITOR IN CONNECTION WITH THE SALE & SECURITZTN OF MORTGAGE LOANS DE CALIFORNIA COMMUNITY REINVESTMENT CORP CCRC TEBS DEPOSITOR I LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 DEPOSITOR IN CONNECTION WITH THE SALE & SECURITZTN OF TAX-EXEMPT BONDS DE CALIFORNIA COMMUNITY REINVESTMENT CORP CCRCPSP LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 FINANCING AND TECHNICAL ASSISTANCE FOR AFFORDABLE HOUSING CA 1061826 5689000 CALIFORNIA COMMUNITY REINVESTMENT CORP