2024-12-05T14:04:31-05:00 2024-06-30 822744218 Fitzgerald & Company CPAs 2522 Chambers Rd Ste 116 Tustin CA 92780 990 2023-07-01 204773159 IRVINE COMMUNITY LAND TRUST IRVI 503 Nightmist Irvine CA 92618 WILLIAM HUGHES EXECUTIVE DIREC 9497430441 2024-11-27 false true John Fitzgerald CPA JD Esq P00269129 9493980918 2024-12-05 2023 2024-10-15 13:58:12Z WILLIAM HUGHES 2396166 false X WWW.IRVINECLT.ORG X 2006 CA TO LESSEN THE BURDENS OF GOVERNMENT BY, AMONG OTHER THINGS, DEVELOPING, CONSTRUCTING, FINANCING, MANAGING, SELLING, RENTING, SUBSIDIZING, AND MONITORING SINGLE AND MULTI-FAMILY HOUSING, AND BY HOLDING IN-PERPETUITY, LAND AND ASSETS FOR AFFORDABLE HOUSING. 8 0 1 0 0 0 526440 1055611 1578550 1185859 -26590 39189 2078400 2280659 3000 0 201033 332189 0 0 715391 465245 916424 800434 1161976 1480225 77740372 81625114 25713 63890 77714659 81561224 TO LESSEN THE BURDENS OF GOVERNMENT BY, AMONG OTHER THINGS, DEVELOPING, CONSTRUCTING, FINANCING, MANAGING, SELLING, RENTING, SUBSIDIZING, AND MONITORING SINGLE AND MULTI-FAMILY HOUSING, AND BY HOLDING IN-PERPETUITY, LAND AND ASSETS FOR AFFORDABLE HOUSING. false false 417308 2280659 THE IRVINE COMMUNITY LAND TRUSTS THREE LARGEST PROGRAM SERVICES TO DATE HAVE BEEN TO 1) SUBSIDIZE DEVELOPMENT COSTS FOR AFFORDABLE MULTI-FAMILY RENTAL PROJECTS AND 2)ACQUIRE, REHABILITATE AND RENT AT AN AFFORDABLE COST SCATTERED SITE HOUSING UNITS AND 3)ACQUIRE LAND FOR DEVELOPMENT AS AFFORDABLE HOUSING. 417308 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 true 1 true false false false false false false false false false false false false false false false false false X 8 0 false true false false false false false true true false false true true true true true true true true false CA X X WILLIAM R HUGHES 9497430441 503 Nightmist Irvine CA 92618 WILLIAM HUGHES EXEC DIRECTOR 40.00 0.00 X X X 207200 0 14400 LARRY AGRAN BOARD MEMBER 3.00 0.00 X 0 0 0 PATRICK STRADER BOARD MEMBER 2.00 0.00 X 0 0 0 MICHAEL CARROLL BOARD MEMBER 0.00 0.00 X 0 0 0 LEON NAPPER BOARD MEMBER 3.00 0.00 X 0 0 0 NANCY DONNELLY VPTREASURERBOARD MEMBER 3.00 0.00 X X 0 0 0 RYAN AEH PRESIDENTCHAIR 2.00 0.00 X X 0 0 0 RUSSELL FELBOB SECRETARYBOARD MEMBER 3.00 0.00 X X 0 0 0 207200 0 14400 1 false true false GROUND LEASE FEE 531110 581058 581058 Other Income 531110 474553 474553 1055611 1185859 1185859 154696 115507 39189 39189 39189 2280659 2280659 0 0 X 3000 3000 284501 284501 25700 25700 21988 21988 208950 208950 45610 45610 1547 1547 25511 25511 5894 5894 104742 104742 4608 4608 ADVOCACY 17000 17000 REAL ESTATE SERVICES 22530 22530 Utilities 3573 3573 AMORTIZATION 10356 10356 14924 14924 800434 417308 383126 0 2879794 2640347 12945122 26306252 14136799 11015932 20000 37904848 1148810 35217244 36756038 8988111 3553302 4906545 77740372 81625114 4351 57876 21362 6014 25713 63890 X 77714659 81561224 77714659 81561224 77740372 81625114 1480225 2366340 0 X false true X true false X X X 1 City of Irvine 952759391 6 true 0 0 1 0 true false false false false false false false false false false false false false false true false 34307895 34307895 3037340 1140761 1896579 3418 456 2962 22240 7593 14647 533955 533955 36756038 ACCRUED INTEREST 1424587 Ground Lease Receivable 3481958 4906545 Accured payroll Exp 5201 Other Current Liabilities 813 6014 2280659 2280659 2280659 800434 800434 800434 X false false false false false false false false false WILLIAM HUGHES EXEC DIRECTOR 200000 7200 14400 221600 Amended return information Original return didnt reflect the current board of director or officers. Also, the original return didnt reflect the information regarding their financial statement audit and indepedent CPAs. Management duties delegation Part VI line 3 THE ORGANIZATION USES A MANAGEMENT COMPANY FOR THE MANAGEMENT OF THE RENTAL PORTFOLIO. Member election for additional members Part VI line 7a THE CITY OF IRVINE MAY NOMINATE UP TO TWO PEOPLE AND SUBMIT THE NOMINATION TO THE BOARD OF THE IRVINE COMUNITY LAND TRUST FOR CONSIDERATION BY THE AT LARGE DIRECTORS. IRVINE COMMUNITY LAND TRUST PROJECTS AND DEVELOPMENTS MUST BE APPROVED BY THE BOARD OF DIRECTORS. Governing body decisions Part VI line 7b THE CITY OF IRVINE MAY NOMINATE UP TO TWO PEOPLE AND SUBMIT THE NOMINATION TO THE BOARD OF THE IRVINE COMMUNITY LAND TRUST FOR CONSIDERATION BY THE AT LARGE DIRECTORS. IRVINE COMMUNITY LAND TRUST PROJECTS AND DEVELOPMENTS MUST BE APPROVED BY THE BOARD OF DIRECTORS. Governing body meeting documentation Part VI line 8a The Board of Directors meets on a regular basis and records their minutes. Committee meeting documentation Part VI line 8b COMMITTEES HAVE NO AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD. WHEN COMMITTEES DO MEET THEY DRAFT RECOMMENDATIONS TO THE FULL BOARD FOR DECISION AND THEIR RECOMMENDATIONS ARE PROVIDED IN WRITTEN REPORTS AT BOARD MEETINGS. Form 990 governing body review Part VI line 11 THE ORGANIZATIONS EXECUTIVE DIRECTOR AND ACCOUNTANT REVIEW THE FORM 990 AND RELATED SCHEDULES. THE FINANCIALS AND INFORMATION RETURNS ARE PRESENTED TO THE BOARD OF DIRECTORS. Conflict of interest policy compliance Part VI line 12c THE ORGANIZATION IDENTIFIES ANY POTENTIAL COMPLIANCE ISSUES WHENEVER PROJECTS OR EXPENDITURES REQUIRE BOARD OR OFFICER ACTION. CONSULTATION OCCURS WITH LEGAL COUNSEL TO REVIEW POLICY AND TO ADDRESS COMPLIANCE WITH POLICY AS IT RELATES TO THAT SPECIFIC ACTIVITY. CEO executive director top management comp Part VI line 15a THE EXECUTIVE DIRECTORS COMPENSATION IS APPROVED BY THE BOARD AND WILL BE RE-NEGOTIATED IN JUNE 2023. Other officer or key employee compensation Part VI line 15b ALL OFFICER AND KEY EMPLOYEE COMPENSATION MUST BE APPROVED BY THE BOARD. Governing documents etc available to public Part VI line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, AND ON ITS WEBSITE. List of other expenses Part IX line 24e During FYE 06/30/2022 the entity sold 68 housing units in connection with the design and development of its low-income housing project. The Land Trust recorded a total loss on sale of these units of approximately $3,639,081. CITY OF IRVINE ONE CIVIC CENTER PLAZA Irvine CA 92623 952759391 MUNICIPAL GOVERNMENT CA 115 N/A false