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      <FollowSFAS117>X</FollowSFAS117>
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      <TemporarilyRestrictedNetAssets>
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      <TotalLiabNetAssetsFundBalances>
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      <ReconcilationRevenueExpenses>713225</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
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      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
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        <CurrentTaxYearMinus3Years>964711</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>431082</CurrentTaxYearMinus2Years>
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        <Total>3242373</Total>
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      <TaxRevLeviedForOrgBenefit170>
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      <ValueSrvcFcltsFurnishedByGovt>
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        <CurrentTaxYearMinus4Years>154610</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>964711</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>431082</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>505396</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1186574</CurrentTaxYear>
        <Total>3242373</Total>
      </Total170>
      <AmountsSubstContributorsTotal>0</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>3242373</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>15460</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>401</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1</CurrentTaxYearMinus2Years>
        <Total>15862</Total>
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      <NetUBI>
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        <Total>0</Total>
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      <TotalSupport>3258235</TotalSupport>
      <PublicSupportPertcentage170>0.99510</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.98940</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
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    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="12000229" softwareVersion="2012v2.0">
      <Land>
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        <BookValue>385466</BookValue>
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      <Buildings>
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        <Depreciation>127881</Depreciation>
        <BookValue>938866</BookValue>
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        <Depreciation>51186</Depreciation>
        <BookValue>28826</BookValue>
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      <Equipment>
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        <Depreciation>22656</Depreciation>
        <BookValue>1776</BookValue>
      </Equipment>
      <OtherLandBuildings>
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        <Depreciation>7128</Depreciation>
        <BookValue>-1148219</BookValue>
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      <OtherAssets>
        <Description>PROPERTY HELD FOR SALES</Description>
        <BookValue>1270879</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>HOME BUYERS ASSISTANCE</Description>
        <BookValue>3540246</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>4811125</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>NOTE PAYABLE TO TOWN OF MAMMOTH LAKES</Description>
        <Amount>853000</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>MORTGAGE PAYABLE ON OFFICE SPACE</Description>
        <Amount>151770</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>LOAN PAYABLE TO CALHFA HELP</Description>
        <Amount>740426</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Amount>-40000</Amount>
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      <TotalOfAmounts>1705196</TotalOfAmounts>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>No documents available to the public.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>FORM 990 RECONCILIED TO ANNUAL AUDIT OF ORGANIZAITON.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        <AddressUS>
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          <City>MAMMOTH LAKES</City>
          <State>CA</State>
          <ZIPCode>93546</ZIPCode>
        </AddressUS>
        <EIN>900741235</EIN>
        <PrimaryActivities>TO PROVIDE AFFORDABLE HOUSING TO WORKFORCE OF M. LAKES</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <TotalIncome>16386</TotalIncome>
        <EOYAssets>297436</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>MAMMOTH LAKES HOUSING</BusinessNameLine1>
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      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>false</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>