2017-11-15T17:30:42-06:00 2016-12-31 330850406 REDWITZ INC 5520 TRABUCO ROAD IRVINE CA 92620 990 2016-01-01 330694603 THE CARITAS CORPORATION CARI 9497270568 5520 TRABUCO ROAD IRVINE CA 92620 ROBERT R REDWITZ CHAIRMAN 9497531514 2017-11-15 1 ROBERT R REDWITZ CPA P01447663 9497531514 209.194.166.34 2017-11-15 11:16:27 PS P 4BEE738268E9BE093D37ECD789AB1180C914840A 31EF54DA37EFCBB8494A3F2C7262B111C02A467F 2016 2017-02-10 21:41:12Z ROBERT R REDWITZ 5520 TRABUCO ROAD IRVINE CA 92620 15757071 0 X WWW.CARITASCORP.ORG X 1996 CA ASSIST LOCAL GOVERNMENTS BY PROVIDING AFFORDABLE MOBILE HOME PARK LIVING. 6 4 4 0 0 0 1750 12379 14638520 14977719 285260 232200 247528 534773 15173058 15757071 54637 398189 0 0 1694810 1859787 0 0 0 15369446 14620600 17118893 16878576 -1945835 -1121505 112797540 115342124 116614157 120277514 -3816617 -4935390 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 15398746 398189 15512492 SUPPORT FOR THE PURPOSE OF SUPERVISING AND ASSISTING ONE AFFILIATED CORPORATION THAT OWNS AND MAINTAINS SIX AFFORDABLE HOUSING PROJECTS (MOBILE HOME PARKS). ADDITIONALLY, THE CARITAS CORPORATION'S EXEMPT PURPOSE ACHIEVEMENTS INCLUDE THE PURCHASE AND OPERATION OF TWELVE AFFORDABLE HOUSING PROJECTS LOCATED IN THE CALIFORNIA CITIES OF DANA POINT, FRESNO, GARDEN GROVE, LANCASTER, NEWCASTLE, OCEANO, PALMDALE, SAN MARCOS, VACAVILLE AND YUCAIPA, WHICH HAVE AN UNFULFILLED STATUTORY OBLIGATION TO PROVIDE AFFORDABLE HOUSING. THERE ARE A TOTAL OF 17 MOBILE HOME SPACES AVAILABLE FOR RENT IN THE CITY OF DANA POINT, 233 SPACES IN THE CITY OF FRESNO, 254 SPACES IN THE CITY OF GARDEN GROVE, 308 SPACES IN THE CITY OF LANCASTER, 203 SPACES IN THE CITY OF NEWCASTLE, 120 SPACES IN THE CITY OF OCEANO, 298 SPACES IN THE CITY OF PALMDALE, 150 SPACES IN THE CITY OF SAN MARCOS, 153 SPACES IN THE CITY OF VACAVILLE AND 217 SPACES IN THE CITY OF YUCAIPA. IN ADDITION, DURING 2016 A 17 UNIT APARTMENT BUILDING WAS PURCHASED IN DANA POINT, CALIFORNIA TO PROVIDE AFFORDABLE HOUSING TO A NONPROFIT ORGANIZATION USING THE HOUSING AS PERMANENT SUPPORTIVE HOUSING FOR THE HOMELESS AND DISABLED. 15398746 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 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 36 0 4 1 0 0 0 0 0 0 0 0 X 6 4 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 5520 TRABUCO ROAD IRVINE CA 92620 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 JENNIFER E RIVA VP OF FINANCE 10.00 X 0 0 0 THOMAS MAURO EXECUTIVE DIRECTOR 40.00 X 149995 0 0 JOHN WOOLLEY CHIEF INVESTING OFFICER 40.00 X 155211 0 0 THERESE BEJOTTE CHIEF OPERATING OFFICER 40.00 X 19038 0 0 324244 0 0 2 0 1 0 REDWITZ INC 5520 TRABUCO ROAD IRVINE CA 92620 CEO,CHAIRMAN OF BOARD,CFO,ACCT & TAX 1179240 BIRTCHER ANDERSON REALTY MANAGEMENT 31920 DEL OBISPO ROAD 260 SAN JUAN CAPISTRANO CA 92675 PROPERTY MANAGEMENT 518713 BRYAN LEROY BUNCH PO BOX 8262 FRESNO CA 93747 ASPHALT REPAIR 160488 GDR GROUP INC 6430 OAK CANYON SUITE 200 IRVINE CA 92618 IT SERVICES 132496 4 12379 12379 RENTAL INCOME 531310 11581962 11581962 ANCILLARY FEES 531390 3395757 3395757 14977719 232200 232200 OTHER INCOME 531310 284773 284773 MANAGEMENT FEES 531310 250000 250000 534773 15757071 15512492 0 232200 378608 378608 19581 19581 305206 305206 985199 954347 30852 444383 400325 44058 124999 95737 29262 518713 518713 51080 48516 2564 1004360 253774 750586 86753 56074 30679 46063 34152 11911 205393 43328 162065 10806398 10760236 46162 18842 10381 8461 10724 10724 1430145 1426306 3839 BOND SERVICE FEE 165172 163557 1615 OUTSIDE SERVICES 114146 114146 LICENSES & FEES 66442 65263 1179 AUTO EXPENSE 26503 10426 16077 69866 34552 35314 16878576 15398746 1479830 0 417254 981420 4197796 2039716 19902 729 95372 367708 66555 56594 309684 1827 107538597 9540549 94155174 97998048 3136631 3203328 10399172 10692754 112797540 115342124 3254369 3440366 99305000 98745000 10547000 13330545 3507788 4761603 116614157 120277514 X -3816617 -4935390 -3816617 -4935390 112797540 115342124 -1121505 2732 0 X 0 1 X 0 0 X 17700 1750 12379 31829 12723238 14810564 14388419 14886048 15215339 72023608 12723238 14810564 14406119 14887798 15227718 72055437 0 0 0 72055437 246263 272784 273204 285260 232200 1309711 246263 272784 273204 285260 232200 1309711 12969501 15083348 14679323 15173058 15459918 73365148 0.98210 0.98120 0.01790 0.01880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60272465 60272465 45140478 8861071 36279407 2125654 679478 1446176 97998048 CONSTRUCTION IN PROGRESS 219791 DEPOSITS 12169 RESTRICTED CASH 10460774 PREPAID RENT 20 10692754 SECURITY DEPOSITS 248165 DUE TO AFFILIATE 4513438 4761603 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 POSITIONST AKEN BY THE CORPORATION IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. 1 CARITAS AFFORDABLE HOUSING INC 5520 TRABUCO ROAD IRVINE CA 92620 330829212 501(C)(3) 5591 RENTAL ASSISTANCE FOR RESIDENTS SANTA MARGARITA CATHOLIC HIGH SCHOOL 22062 ANTONIO PARKWAY RANCHO SANTA MARGARITA CA 92688 330235681 501(C)(3) 10000 HIGH SCHOOOL EDUCATION BOYS & GIRLS CLUB ONE VIA POSITIVA SAN JUAN CAPISTRANO CA 92675 330529575 501(C)(3) 12500 MENTORSHIP PROGRAM THE CARITAS FOUNDATION 5520 TRABUCO ROAD IRVINE CA 92620 474047515 501(C)(3) 350517 RENTAL ASSISTANCE AND EDUCATION PROGRAMS FOR UNDERSERVED COMMUNITIES COLLEGE EDUCATION SCHOLARSHIPS 1 500 RENTAL & MAINTENANCE ASSISTANCE PROGRAM 20 19081 X X 0 0 0 0 0 0 0 0 0 JOHN WOOLLEY CHIEF INVESTING OFFICER 155211 0 0 0 0 0 0 0 0 0 155211 0 0 0 A CITY OF SAN MARCOS 922259585 1999-05-20 6000000 MOBILE HOME PARK PURCHASE 0 0 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 A 6000000 75000 5925000 1999 0 0 1 1 B 1910000 49542170 3773870 5325117 990843 39452340 2010 1 0 1 1 C 44287500 3243213 885750 40158537 2012 0 0 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 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 A 1 B 1 C 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 1179240 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 132496 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 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 MS. RIVA IS AN OWNER OF REDWITZ, INC., THE FIRM PROVIDING ACCOUNTING AND MANAGEMENT SERVICES TO CARITAS. 0 PARTNERS BANK BANKING SERVICES 1564 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 26108 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 1580 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 - 1 SAN JOAQUIN PLAZA #230, NEWPORT BEACH, CA 92660. BOB THIERGARTNER - 1420 BRISTOL ST. NORTH #100, NEWPORT BEACH, CA 92660. TOM REDWITZ - 95 ENTERPRISE, SUITE 325, ALISO VIEJO, CA 92656. ALISA FREUNDLICH - 11693 SAN VICENTE BLVD #828, LOS ANGELES, CA 90049. JENNIFER E. RIVA - 1 ALMADEN BLVD #950, SAN JOSE, CA 95113. CHUCK PACKARD - 24 CHARLOTTE, IRVINE, CA 92603-3449. THOMAS MAURO - 26662 STETSON PLACE, LAGUNA HILLS, CA 92653. ROBERT R. REDWITZ - 5520 TRABUCO ROAD, IRVINE, CA 92620. 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 1 0 CARITAS AFFORDABLE HOUSING INC B 18598 REIMBURSEMENT CARITAS AFFORDABLE HOUSING INC L 250000 REIMBURSEMENT CARITAS AFFORDABLE HOUSING INC Q 150573 REIMBURSEMENT CARITAS AFFORDABLE HOUSING INC R 1312854 EXCESS CASH FLOWS PER INDENTURE THE CARITAS FOUNDATION C 12379 REIMBURSEMENT