2018-11-12T14:49:58-06:00 2017-12-31 330850406 REDWITZ INC 3 PARK PLAZA SUITE 1700 IRVINE CA 92614 990 2017-01-01 330694603 THE CARITAS CORPORATION CARI 9497270568 3 PARK PLAZA NO 1700 IRVINE CA 92614 ROBERT R REDWITZ CHAIRMAN 9497531514 2018-11-12 1 ROBERT R REDWITZ CPA P01447663 9497531514 4.71.111.66 2018-11-12 10:27:02 PS P C253256B656227BAE63D0375BC9F9D3DA73EBD6E 731FADF69DAFE99CAD0EAA1EB2A41208B55310E4 2017 2019-02-21 02:37:17Z X ROBERT R REDWITZ 3 PARK PLAZA SUITE 1700 IRVINE CA 92614 16463309 0 X WWW.CARITASCORP.ORG X 1996 CA ASSIST LOCAL GOVERNMENTS BY PROVIDING AFFORDABLE MOBILE HOME PARK LIVING. 7 5 3 0 0 0 12379 24526 14977719 15895002 232200 252357 534773 291424 15757071 16463309 398189 121700 0 0 1859787 2461841 0 0 0 14620600 15963291 16878576 18546832 -1121505 -2083523 115342124 174625266 120277514 181644179 -4935390 -7018913 X THE CARITAS CORPORATION IS A NONPROFIT ORGANIZATION WHOSE GOAL IS TO PROVIDE AND MAINTAIN QUALITY, AFFORDABLE HOUSING THROUGH THE ACQUISITION OF MOBILE HOME PARKS AND APARTMENT BUILDINGS. WITH THE INCREASING NUMBER OF HOUSEHOLDS ON FIXED OR LIMITED INCOMES AND WITH THE SCARCITY OF RELIABLE, LONG-TERM, REASONABLY PRICED HOUSING, CARITAS ENDEAVORS TO CREATE VIBRANT COMMUNITIES WHERE QUALITY OF LIFE, RESIDENT INVOLVEMENT, AND CARING ARE PRIORITIES. 0 0 16702278 121700 16186426 SUPPORT FOR THE PURPOSE OF SUPERVISING AND ASSISTING ONE AFFILIATED CORPORATION THAT OWNS AND MAINTAINS AFFORDABLE HOUSING PROJECTS (MOBILE HOME PARKS AND AN APARTMENT BUILDING). ADDITIONALLY, THE CARITAS CORPORATION'S EXEMPT PURPOSE ACHIEVEMENTS INCLUDE THE PURCHASE AND OPERATION OF THIRTEEN AFFORDABLE HOUSING PROJECTS LOCATED IN THE CALIFORNIA CITIES OF DANA POINT, FRESNO, GARDEN GROVE, LANCASTER, NEWCASTLE, OCEANO, PALMDALE, PALO ALTO, SAN MARCOS, VACAVILLE AND YUCAIPA, WHICH HAVE AN UNFULFILLED STATUTORY OBLIGATION TO PROVIDE AFFORDABLE HOUSING. THERE ARE A TOTAL OF 17 APARTMENTS AVAILABLE FOR RENT IN THE CITY OF DANA POINT AS SUPPORTIVE HOUSING FOR THE HOMELESS AND DISABLED, 233 MOBILE HOME SPACES IN THE CITY OF FRESNO, 254 MOBILE HOME SPACES IN THE CITY OF GARDEN GROVE, 308 SPACES IN THE CITY OF LANCASTER, 203 MOBILE HOME SPACES IN THE CITY OF NEWCASTLE, 120 MOBILE HOME SPACES IN THE CITY OF OCEANO, 298 MOBILE HOME SPACES IN THE CITY OF PALMDALE, 117 MOBILE HOME SPACES IN PALO ALTO, 150 SPACES IN THE CITY OF SAN MARCOS, 153 MOBILE HOME SPACES IN THE CITY OF VACAVILLE AND 217 MOBILE HOME SPACES IN THE CITY OF YUCAIPA. 16702278 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 11 0 3 1 0 0 0 0 0 0 0 0 X 7 5 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JENNIFER RIVA CPA 9497270568 3 PARK PLAZA SUITE 1700 IRVINE CA 92614 CAROL MCDERMOTT BOARD MEMBER 0.00 X 0 0 0 BOB THIERGARTNER BOARD MEMBER 0.00 X 0 0 0 TOM REDWITZ BOARD MEMBER 0.00 X 0 0 0 ALISA FREUNDLICH BOARD MEMBER 0.00 X 0 0 0 CHUCK PACKARD BOARD MEMBER 0.00 X 0 0 0 ROBERT R REDWITZ CEO & CHAIRMAN OF BOARD 8.00 X X 0 0 0 PENNY SERNA CHIEF FINANCIAL OFFICER 40.00 X X 0 0 0 TIM CANNON BOARD MEMBER 0.00 X 0 0 0 GLEN ROGERS BOARD MEMBER 0.00 X 0 0 0 JENNIFER E RIVA VP OF FINANCE 2.00 X 0 0 0 THOMAS MAURO CHIEF MISSION OFFICER 40.00 X 131019 0 0 JOHN WOOLLEY CHIEF INVESTING OFFICER 40.00 X 135588 0 0 THERESE BEJOTTE CHIEF OPERATING OFFICER 40.00 X 0 0 0 266607 0 0 2 0 0 0 REDWITZ INC 3 PARK PLAZA SUITE 1700 IRVINE CA 92614 CEO,CHAIRMAN OF BOARD,CFO,ACCT & TAX 636355 BIRTCHER ANDERSON REALTY MANAGEMENT 31920 DEL OBISPO ROAD 260 SAN JUAN CAPISTRANO CA 92675 PROPERTY MANAGEMENT 547638 2 24526 24526 RENTAL INCOME 531310 12295314 12295314 ANCILLARY FEES 531390 3599688 3599688 15895002 252357 252357 MANAGEMENT FEES 531310 227519 227519 OTHER INCOME 531310 63905 63905 291424 16463309 16186426 0 252357 121700 121700 266608 266608 1534615 1001812 532803 492949 429309 63640 167669 102149 65520 547638 547638 28128 25598 2530 793746 233370 560376 80776 58702 22074 51556 36499 15057 128009 55285 72724 11633725 11614045 19680 67763 45794 21969 11508 10228 1280 1580708 1576412 4296 LOSS ON DISPOSAL 336874 336874 OUTSIDE SERVICES 220508 220508 MISCELLANEOUS 150187 10971 139216 BOND SERVICE FEE 148328 147828 500 183837 127556 56281 18546832 16702278 1844554 0 981420 1716325 2039716 2729790 729 20 367708 368515 56594 38091 1827 258260 108537905 11121258 97998048 97416647 3203328 2005739 10692754 70091879 115342124 174625266 3440366 3468979 98745000 161995000 13330545 9732573 4761603 6447627 120277514 181644179 X -4935390 -7018913 -4935390 -7018913 115342124 174625266 -2083523 0 X 0 1 X 1 0 X 17700 1750 12379 24526 56355 14810564 14388419 14886048 15215339 15880343 75180713 14810564 14406119 14887798 15227718 15904869 75237068 0 0 0 75237068 272784 273204 285260 232200 252357 1315805 272784 273204 285260 232200 252357 1315805 15083348 14679323 15173058 15459918 16157226 76552873 0.98280 0.98210 0.01720 0.01790 X 60273607 60273607 46087237 10290527 35796710 2177061 830731 1346330 97416647 CONSTRUCTION IN PROGRESS 398043 DEPOSITS 12169 RESTRICTED CASH 69681667 70091879 SECURITY DEPOSITS 301949 DUE TO AFFILIATE 6145678 6447627 X PART X, LINE 2: THE FOLLOWING IS DISCLOSED IN THE FOOTNOTES TO THE AUDITED FINANCIAL STATEMENTS: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE CORPORATION IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. 1 FRIENDSHIP SHELTER PO BOX 4252 LAGUNA BEACH CA 92652 330219404 501(C)(3) 6700 ASSISTANCE OF HOMELESS ADULTS BOYS & GIRLS CLUB ONE VIA POSITIVA SAN JUAN CAPISTRANO CA 92675 330529575 501(C)(3) 10000 FINE ARTS PROGRAM THE CARITAS FOUNDATION 3 PARK PLAZA SUITE 1700 IRVINE CA 92614 474047515 501(C)(3) 100000 RENTAL ASSISTANCE AND EDUCATION PROGRAMS FOR UNDERSERVED COMMUNITIES SECOND HARVEST FOOD BANK 8014 MARINE WAY IRVINE CA 92618 320362611 501(C)(3) 5000 LUNCH PROGRAM A CITY OF SAN MARCOS 922259585 1999-05-20 6000000 MOBILE HOME PARK PURCHASE 1 1 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13049SABO 2010-09-16 49542170 MOBILE HOME PARK PURCHASE 0 0 1 C CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13049SAF1 2012-03-13 44287500 MOBILE HOME PARK PURCHASE 0 0 0 D CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13049SBZ6 2017-11-16 66383280 REFINANCE 0 0 0 A 6000000 75000 5925000 1999 0 0 1 1 B 49542170 3773870 5325117 990843 39452340 2010 1 0 1 1 C 44287500 3243213 885750 40158537 2012 0 0 1 1 D 66383280 3414400 61013399 588940 1542432 2017 0 1 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 C 0 0 0 0 1 0 0 D 0 0 0 0 1 0 0 A 0 0 0 1 0 0 NA 0 0 0 NA 0 0 1 B 0 0 0 1 0 0 NA 0 0 1 NATIXIS FUNDING CORP 20.000000000000 1 0 1 C 0 1 0 0 0 0 NA 0 0 1 NATIXIS FUNDING CORP 20.000000000000 1 0 1 D 0 1 0 0 1 0 NA 0 0 0 NA 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF SAN MARCOS DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2009 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/31/2016 REDWITZ INC ACCOUNTING SERVICES 636355 ACCOUNTING AND MANAGEMENT SERVICES ARE PROVIDED BY REDWITZ INC. TWO OF THE OWNERS OF RRR ARE OFFICERS OF CARITAS; MR. ROBERT REDWITZ IS CEO/CHAIRMAN OF THE BOARD, AND MS. JENNIFER RIVA IS VP OF FINANCE. 0 THE GDR GROUP INC TECHNOLOGY SERVICES 67913 TECHNOLOGY SERVICES ARE PROVIDED TO CARITAS BY THE GDR GROUP, INC. ("GDR"). ONE OF THE OWNERS OF GDR IS MR. ROBERT REDWITZ, A CO-OWNER OF REDWITZ, INC., AND CEO/CHAIRMAN OF THE BOARD OF CARITAS. 0 ROBERT R REDWITZ CEO/BOARD CHAIRMAN 0 IN ADDITION TO BEING CEO AND CHAIRMAN OF THE BOARD, MR. REDWITZ IS AN OWNER OF REDWITZ, INC., THE FIRM PROVIDING ACCOUNTING AND MANAGEMENT SERVICES TO CARITAS. 0 JENNIFER E RIVA VP OF FINANCE 0 MS. RIVA IS AN OWNER OF REDWITZ, INC., THE FIRM PROVIDING ACCOUNTING AND MANAGEMENT SERVICES TO CARITAS. 0 PARTNERS BANK BANKING SERVICES 280 BANKING FEES PAID BY CARITAS' MOBILE HOME PARKS; ONE OF THE BOARD MEMBERS OF PARTNERS BANK IS MR. ROBERT REDWITZ, THE CEO/CHAIRMAN OF THE BOARD OF CARITAS. 0 REDWITZ INC RENT 19680 RENT PAID BY CARITAS' MOBILE HOME PARKS; ONE OF THE SHAREHOLDERS OF REDWITZ, INC. IS MR. ROBERT REDWITZ, THE CEO/CHAIRMAN OF THE BOARD OF CARITAS. ONE OF THE SHAREHOLDERS OF REDWITZ, INC. IS AN OFFICER OF CARITAS; MS. JENNIFER RIVA IS VP OF FINANCE. 0 TRIDENT LTD SERVICES 6040 SERVICES PERTAINING TO NEWSLETTER AND MEDIA ARTICLE PREPARATION. THE OWNER OF TRIDENT LTD, DR. MICHAEL HARRIS, IS ONE OF THE FOUNDERS OF THE CARITAS CORPORATION. 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT R. REDWITZ (CEO & CHAIRMAN OF THE BOARD) AND TOM REDWITZ (BOARD MEMBER) ARE BROTHERS, BUT THEY DO NOT OTHERWISE TRANSACT BUSINESS TOGETHER. ROBERT R. REDWITZ (CEO & CHAIRMAN OF THE BOARD) AND JENNIFER E. RIVA (VP OF FINANCE) ARE BOTH OWNERS OF THE ACCOUNTING FIRM (REDWITZ, INC.) THAT MANAGES THE OPERATIONS AND FINANCES OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 BIRTCHER ANDERSON REALTY MANAGEMENT, INC. HAS TAKEN OVER THE RESPONSIBILITIES OF PROPERTY MANAGEMENT AS OF NOVEMBER 2009. ITS DUTIES INCLUDE MANAGING ON-SITE MOBILE HOME PARK EMPLOYEES, RESPONDING TO RESIDENT QUESTIONS/CONCERNS, MANAGING REPAIR AND MAINTENANCE PROJECTS, COLLECTION OF RENTS, RECORDING ACCOUNTING TRANSACTIONS, AND MONITORING COMPLIANCE WITH MOBILE HOME PARK RULES AND REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT WAS PROVIDED BY EMAIL TO THE BOARD OF DIRECTORS FOR THEM TO REVIEW. ONCE THE BOARD HAD REVIEWED AND APPROVED THE FORM 990, A FINAL COPY WAS FILED WITH THE APPROPRIATE AGENCIES. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY THROUGH A REVIEW OF THE POLICY AND BUSINESS TRANSACTIONS WITH THE RELATED PARTIES AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 DURING 2009, THE BOARD OF DIRECTORS INITIATED, IN COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY, A FORMAL MARKET COMPETITIVE STUDY TO DETERMINE THE REASONABLE COMPENSATION FOR ITS OFFICERS WHO WERE ALSO DIRECTORS. THIS STUDY WAS DONE BY OUTSIDE LEGAL COUNSEL AND RESULTED IN A COMPREHENSIVE COMPENSATION AGREEMENT THAT WAS DEEMED INDEPENDENT, COMPETITIVE AND MARKET-DRIVEN BY THE INDEPENDENT DIRECTORS ON THE BOARD. THE COMPENSATION AGREEMENT WAS FORMALLY APPROVED AND EXECUTED BY THE INDEPENDENT DIRECTORS IN SEPTEMBER 2010 AND IS IN EFFECT UNTIL TERMINATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE AND ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC CAROL MCDERMOTT - 3 PARK PLAZA, SUITE 1700, IRVINE, CA 92614. BOB THIERGARTNER - 1420 BRISTOL ST. NORTH #100, NEWPORT BEACH, CA 92660. TOM REDWITZ - 95 ENTERPRISE, SUITE 325, ALISO VIEJO, CA 92656. ALISA FREUNDLICH - 2049 CENTURY PARK EAST, SUITE 2700, LOS ANGELES, CA 90067. JENNIFER E. RIVA - 1 ALMADEN BLVD #620, SAN JOSE, CA 95113. CHUCK PACKARD - 4740 VON KARMEN AVE #120, NEWPORT BEACH, CA 92660. THOMAS MAURO - 3 PARK PLAZA, SUITE 1700, IRVINE, CA 92614. ROBERT R. REDWITZ - 3 PARK PLAZA, SUITE 1700, IRVINE, CA 92614. CARITAS ACQUISITIONS I LLC 5520 TRABUCO RD IRVINE CA 92620 273196236 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA THE CARITAS CORPORATION CARITAS TOWNE & COUNTRY LLC 5520 TRABUCO RD IRVINE CA 92620 474768248 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING DE THE CARITAS CORPORATION CARITAS RANCHO DEL ARROYO LLC 5520 TRABUCO RD IRVINE CA 92620 474765077 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING DE THE CARITAS CORPORATION CARITAS ACQUISITIONS III LLC 5520 TRABUCO RD IRVINE CA 92620 813473635 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA THE CARITAS CORPORATION CARITAS ACQUISITIONS IV LLC 5520 TRABUCO RD IRVINE CA 92620 813599615 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA THE CARITAS CORPORATION CARITAS SHADY LANE LLC 5520 TRABUCO RD IRVINE CA 92620 813483295 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA THE CARITAS CORPORATION CARITAS SILVER LANTERN LLC 5520 TRABUCO RD IRVINE CA 92620 813642693 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA THE CARITAS CORPORATION CARITAS AFFORDABLE HOUSING INC 5520 TRABUCO RD IRVINE CA 92620 330829212 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA 501(C)(3) SCH A, LINE 9 N/A 0 THE CARITAS FOUNDATION 5520 TRABUCO RD IRVINE CA 92620 474047515 ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING CA 501(C)(3) SCH A, LINE 9 N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 CARITAS AFFORDABLE HOUSING INC L 227519 ACTUAL CARITAS AFFORDABLE HOUSING INC Q 139164 ACTUAL THE CARITAS FOUNDATION C 24526 ACTUAL THE CARITAS FOUNDATION B 100000 ACTUAL THE CARITAS FOUNDATION C 20494 ACTUAL