2024-11-13T04:09:39-06:00 2023-12-31 946214841 ARMANINO ADVISORY LLC 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2023-01-01 912157935 CAR HOUSING AFFORDABILITY FUND CARH 2137398200 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 IQBAL BHOLAT TREASURER 2137398200 2024-11-12 1 1 MATTHEW PETROSKI P00853132 3104784148 2024-11-07 2023 2024-10-15 13:58:12Z DENISE G WELSH 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 1546508 0 X WWW.CAR.ORG X 2001 CA RAISE AND DISTRIBUTE FUNDS AND PARTNER WITH OTHER GROUPS TO PROMOTE HOUSING AND HOMEOWNERSHIP. 17 15 0 15 0 0 438255 434309 0 0 51874 -13985 0 0 490129 420324 1149999 1225000 0 0 0 0 0 0 0 155284 124763 1305283 1349763 -815154 -929439 1619380 765533 104560 89957 1514820 675576 X THE CALIFORNIA ASSOCIATION OF REALTORS HOUSING AFFORDABILITY FUND PLAYS AN ACTIVE ROLE IN ADDRESSING THE ONGOING HOUSING AFFORDABILITY CRISIS FACING OUR STATE. THE FUND WILL RAISE AND DISTRIBUTE FUNDS AND PARTNER WITH OTHER GROUPS TO PROMOTE HOUSING AND HOMEOWNERSHIP. 0 0 1225000 1225000 THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,225,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES AND PROVIDE CLOSING COSTS ASSISTANCE TO QUALIFIED FIRST-TIME CALIFORNIA HOMEBUYERS.GRANTS TO ORGANIZATIONS=====================DURING 2023, C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $225,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES.GRANTS TO INDIVIDUALS=====================DURING 2023, C.A.R.'S PATHWAY TO HOME CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 TO HELP FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CALIFORNIA REALTOR. 1225000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X IQBAL BHOLAT 2137398200 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 DENISE G WELSH CHAIR 2.50 X X 0 5900 0 BETH A FLURE VICE CHAIR 2.50 X X 0 0 0 FRANK OTI VICE CHAIR 2.50 X X 0 0 0 SHAUNA LOVE ASSN. EXEC. (VOTING) 2.50 X X 0 0 0 CAROL M LUCKENBACH MEMBER 2.50 X 0 0 0 CHUCK LINN MEMBER 2.50 X 0 0 0 DERIK DAMI MEMBER 2.50 X 0 0 0 JANINE NIELSEN MEMBER 2.50 X 0 0 0 JUDITH MYERS MEMBER 2.50 X 0 5900 0 KEVIN BIRMINGHAM MEMBER 2.50 X 0 0 0 LEHEL SZUCS MEMBER 2.50 X 0 0 0 MICHAEL DELEON MEMBER 2.50 X 0 0 0 NATALIE GARRICK MEMBER 2.50 X 0 0 0 NILA ALVIDREZ MEMBER 2.50 X 0 0 0 SHER HEARD MEMBER 2.50 X 0 0 0 SUSAN MARSHALL MEMBER 2.50 X 0 0 0 TAFFY MAURER MEMBER 2.50 X 0 0 0 IQBAL BHOLAT TREASURER 1.00 39.00 X 0 248451 47274 0 260251 47274 0 0 1 0 CALIFORNIA ASSOCIATION OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 MANAGEMENT SERVICES 115500 1 434309 434309 36107 36107 1076092 1126184 -50092 -50092 -50092 420324 0 0 -13985 1225000 1225000 115500 115500 2383 2383 BANK CHARGES 6780 6780 LICENSES AND FEES 100 100 1349763 1225000 124763 0 169830 242157 1449550 523376 1619380 765533 104550 89957 10 0 104560 89957 X 1514820 675576 1514820 675576 1619380 765533 -929439 90195 0 X 0 1 X 1 0 X X X 1 CALIFORNIA ASSOCIATION OF REALTORS 950594790 10 1 1225000 0 1 1225000 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 3B THE SUPPORTED ORGANIZATION, CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.), IS A SECTION 501(C)(6) ORGANIZATION, WHICH ANNUALLY PERFORMS A PRO FORMA SCHEDULE A, PART III, SECTION 509(A)(2) PUBLIC SUPPORT TEST. C.A.R. LAST PERFORMED THIS CALCULATION FOR THE 2023 TAX YEAR AND MET THE SECTION 509(A)(2) PUBLIC SUPPORT TEST. SCHEDULE A, PART IV, SECTION 1, LINE 3C THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,225,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES AND PROVIDE CLOSING COSTS ASSISTANCE TO QUALIFIED FIRST-TIME CALIFORNIA HOMEBUYERS. GRANTS TO ORGANIZATIONS ===================== C.A.R. HOUSING AFFORDABILITY FUND MAKES GRANTS TOTALING $225,000 TO VARIOUS LOCAL ASSOCIATIONS OF REALTORS IN THE STATE OF CALIFORNIA. THESE GRANTS ARE FOR PUTTING ON HOME OWNERSHIP WORKSHOPS, FIRST-TIME HOMEOWNER HOME BUYING ASSISTANCE AND EDUCATION PROGRAMS, AND A LOW-WAGE FIRST-TIME HOME OWNERSHIP MATCHING PROGRAM. THE ORGANIZATION AND THE LOCAL ASSOCIATIONS ARE RESPONSIBLE FOR ESTABLISHING CRITERIA, SELECTING ELIGIBLE PARTICIPANTS, AND REPORTING THE SUCCESS AND OUTCOMES TO C.A.R. HOUSING AFFORDABILITY FUND IN WRITTEN REPORTS. GRANTS TO INDIVIDUALS (PASS THROUGH LOCAL 501(C)(3) ORGANIZATIONS) ===================== DURING 2023, C.A.R.'S PATHWAY TO HOME CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 TO HELP FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CALIFORNIA REALTOR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 NEVADA COUNTY ASSOCIATION OF REALTORS 336 CROWN POINT CIRCLE GRASS VALLEY CA 95946 946107708 501(C)(6) 25000 0 REACTIVATE THE PROGRAM THAT WILL OFFERS $1000 GRANTS FOR A FIRE INSURANCE PREMIUM TO FIRST TIME HOME BUYERS NORTHERN SOLANO AOR 3690 HILBORN RD FAIRFIELD CA 94534 943395040 501(C)(3) 50000 0 BRIDGING THE GAP TO HOME OWNERSHIP TO PROVIDE $1000 GRANTS TO FIRST-TIME HOME BUYERS WHO PURCHASE THEIR HOME IN SOLANO COUNTY. CALVERAS COUNTY AOR 1270 SUZANNE DRIVE SUITE B ANGELS CAMP CA 95222 204973161 501(C)(3) 50000 0 THE "LOVE IT HERE, WORK HERE, LIVE HERE" GRANT PROGRAM DESIGNED TO HELP PUBLIC SERVANTS PURCHASE THEIR FIRST HOME. THE PROGRAM WILL PROVIDE 50 QUALIFIED FIRST-TIME HOMEBUYER(S) $1,000.00 TO HELP WITH HOUSING EXPENSES. NEIGHBORHOOD PARTNERSHIP HOUSING SERVICE 9551 PITTSBURGH AVENUE RANCHO CUCAMONGA CA 91730 330435536 501(C)(3) 1000000 0 HELPS FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY*" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. DELTA AOR REALTOR COMMUNITY SERVICE FOUNDATION 3428 HILLCREST 200 ANTIOCH CA 94509 261476916 501(C)(3) 50000 0 THE PROGRAM WILL PROVIDE QUALIFIED FIRST-TIME HOMEBUYER(S) WITH UP TO $5,000 IN CLOSING COST ASSISTANCE. SOLANO COUNTY AOR 1302 SPRING ROAD VALLEJO CA 94591 452804920 501(C)(3) 50000 0 CLOSING COST ASSISTANCE PROGRAM TO BE USED FOR FIRST TIME HOME BUYERS' CLOSING COSTS, RATE BUY-DOWN, DOWN PAYMENT ASSISTANCE, AND NECESSARY REPAIRS REQUIRED FOR ESCROW TO CLOSE. ASSISTANCE WILL BE ALLOTTED IN INCREMENTS OF $5,000. 5 1 PART I, LINE 2: THE HOUSING AFFORDABILITY FUND REQUIRES GRANT RECIPIENTS AND LOCAL ASSOCIATIONS PROVIDE SCHEDULED STATUS REPORTS ON THE FUNDED PROGRAMS. THIS IS PART OF THE ONGOING EFFORT TO MONITOR AND IMPROVE THE EFFECTIVENESS OF THE GRANT PROGRAM. FAILURE TO SUBMIT THIS REPORTS WILL RESULT IN FUTURE INELIGIBILITY TO RECEIVE GRANTS FROM THE ENTITY. THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,225,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES AND PROVIDE CLOSING COSTS ASSISTANCE TO QUALIFIED FIRST-TIME CALIFORNIA HOMEBUYERS. GRANTS TO ORGANIZATIONS ===================== C.A.R. HOUSING AFFORDABILITY FUND MAKES GRANTS TOTALING $225,000 TO VARIOUS LOCAL ASSOCIATIONS OF REALTORS IN THE STATE OF CALIFORNIA. THESE GRANTS ARE FOR PUTTING ON HOME OWNERSHIP WORKSHOPS, FIRST-TIME HOMEOWNER HOME BUYING ASSISTANCE AND EDUCATION PROGRAMS, AND A LOW-WAGE FIRST-TIME HOME OWNERSHIP MATCHING PROGRAM. THE ORGANIZATION AND THE LOCAL ASSOCIATIONS ARE RESPONSIBLE FOR ESTABLISHING CRITERIA, SELECTING ELIGIBLE PARTICIPANTS, AND REPORTING THE SUCCESS AND OUTCOMES TO C.A.R. HOUSING AFFORDABILITY FUND IN WRITTEN REPORTS. GRANTS TO INDIVIDUALS (PASS THROUGH LOCAL 501(C)(3) ORGANIZATIONS) ===================== DURING 2023, C.A.R.'S PATHWAY TO HOME CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 TO HELP FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CALIFORNIA REALTOR. 0 0 0 0 0 0 0 0 0 IQBAL BHOLAT TREASURER 0 216161 0 25808 0 6482 0 33056 0 14218 0 295725 0 0 PART I LINE 3 THE ORGANIZATION PAYS NO COMPENSATION TO ANY OF IT BOARD OR OFFICERS. ALL COMPENSATION REPORTED IN FORM 990, PART VII, SECTION A IS PAID BY A RELATED ORGANIZATIONS, CALIFORNIA ASSOCIATION OF REALTORS, FOR SERVICES PROVIDED TO CALIFORNIA ASSOCIATION OF REALTORS. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THIS ORGANIZATION IS PROVIDED BY CALIFORNIA ASSOCIATION OF REALTORS, IN EXCHANGE FOR PAYMENT OF $115,500, AS DISCLOSED ON PART IX, LINE 11A AND SCHEDULE R, PART V, LINES 1M AND 2(1). THIS ORGANIZATION ALSO USES THE OFFICE SPACE AND EQUIPMENT OF CALIFORNIA ASSOCIATION OF REALTORS FOR NO ADDITIONAL CHARGE, AS INDICATED ON SCHEDULE R, PART V, LINE 1N. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED AND A DRAFT IS PROVIDED TO A DESIGNATED OFFICER, IN-HOUSE LEGAL COUNSEL AND MANAGEMENT TEAM MEMBER FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE SUBJECT TO AN ONGOING CONFLICT OF INTEREST POLICY, AS ARE ALL OFFICERS AND DIRECTORS. THE CONFLICT OF INTEREST POLICY IS IN THE PROGRAM DISTRIBUTED TO ALL DIRECTORS AND COMMITTEE MEMBERS, WHO ARE ALL REQUIRED TO EXECUTE ANNUAL CONFLICT STATEMENTS. DIRECTORS RECUSE THEMSELVES FROM VOTING ON ANY ISSUE IN WHICH A CONFLICT OF INTEREST MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THIS ORGANIZATION HAS NO COMPENSATION, THUS NO EXECUTIVE COMPENSATION REVIEW AND APPROVAL POLICY IS MAINTAINED AT THIS TIME. FORM 990, PART VI, SECTION C, LINE 19 FORMS 990 AND 1023 ARE AVAILABLE UPON REQUEST. FORM 990 ALSO BECOMES AVAILABLE UPON THE INTERNET AT GUIDESTAR.ORG. CALIFORNIA ASSOCIATION OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 950594790 BUSINESS LEAGUE OF CA REALTORS CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CAR EDUCATION FOUNDATION 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 202696963 PUBLIC CHARITY MAKING EDUCATION GRANTS CA 501(C)(3) LINE 12A, I CALIFORNIA ASSOCIATION OF REALTORS 0 CAR SCHOLARSHIP FOUNDATION 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 237230340 PUBLIC CHARITY AWARDING SCHOLARSHIPS CA 501(C)(3) LINE 7 CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIANS FOR HOMEOWNERSHIP INC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 825266231 PUBLIC CHARITY ADVOCATING HOMEOWNERSHIP CA 501(C)(3) LINE 12A, I CALIFORNIA ASSOCIATION OF REALTORS 0 HOMEOWNERSHIP FOR FAMILIES AND TAX SAVINGS FOR SENIORS 1121 L STREET STE 600 SACRAMENTO CA 95814 823407945 PROMOTE AFFORDABLE HOUSING THROUGH FAIR TAX POLICY CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CAR ISSUES MOBILIZATION PAC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 954167538 POLITICAL ACTION COMMITTEE CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIA REAL ESTATE PAC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 956485939 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIA REAL ESTATE PAC - C A R 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 464472410 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 CA REAL ESTATE INDEPENDENT EXPENDITURE PAC - C A R 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 464464088 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 REAL ESTATE BUSINESS TECHNOLOGIES INC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 954642567 REALTOR SOFTWARE CA N/A C 0 CALIFORNIA REAL ESTATE ASSOCIATION INC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 NAME PROTECTION CA N/A C 0 CAR CO CALIFORNIA ASSOC OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 REALTOR SERVICES CA N/A C 0 FINOM 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 462463419 REALTOR SERVICES CA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 CALIFORNIA ASSOCIATION OF REALTORS M 115500 BOOK VALUE