2025-02-10T18:06:10-06:00 2024-09-30 943108253 NOVOGRADAC & COMPANY LLP 2033 N MAIN ST SUITE 400 WALNUT CREEK CA 94596 990 2023-10-01 954207717 CALIFORNIA COMMUNITY REINVESTMENT CORPORATION CALI 8185509800 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 DON CAVIER CHIEF OPERATING OFFICER 8185509813 2025-02-10 1 1 PAUL CHARRON P01086641 9259494300 2023 2025-03-06 01:10:19Z DON CAVIER 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 21975105 0 X WWW.E-CCRC.ORG X 1989 CA THE ORGANIZATION WILL INCREASE THE AVAILABILITY OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, SENIORS AND RESIDENTS WITH SPEICAL NEEDS THORUGHOUT CALIFORNIA BY FACILITATING PRIVATE CAPITAL FLOW TO DEVELOPERS OF AFFORDABLE HOUSING. 13 12 33 21 0 0 23052 357953 14544055 20683163 325261 402901 2074732 531088 16967100 21975105 41825 60323 0 0 5956278 5731797 0 0 0 7907750 11664889 13905853 17457009 3061247 4518096 242788084 357957950 167345060 276403136 75443024 81554814 THE ORGANIZATION WILL INCREASE THE AVAILABILITY OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, SENIORS AND RESIDENTS WITH SPECIAL NEEDS THROUGHOUT CALIFORNIA BY FACILITATING PRIVATE CAPITAL FLOW TO DEVELOPERS OF AFFORDABLE HOUSING. 0 0 16485299 21214251 PROVIDE FINANCING AND RELATED SERVICES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING UNITS PRIMARILY FOR LOW AND VERY LOW INCOME FAMILIES IN THE STATE OF CALIFORNIA. 60323 60323 PROVIDING SCHOLARSHIPS FOR QUALIFIED HOUSING RESIDENTS PROVIDING GRANTS TO SUPPORT CLIENTS TO LAUNCH, SUPPORT, OR EXPAND PLATFORMS FOR RESIDENT SERVICES WITH BRIDGING THE DIGITAL DIVIDE AS A GUIDING MISSION. 16545622 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 20 0 33 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DON CAVIER 8185509813 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 MARK J GLASKY BOARD MEMBER, EXECUTIVE CO 2.00 X 0 0 0 THOMAS VANDIVER BOARD MEMBER, AUDIT COMMIT 2.00 X 0 0 0 LISA GUTIERREZ BOARD CHAIR, EXECUTIVE COM 2.00 X 0 0 0 ROBIN HUGHES BOARD MEMBER 2.00 X 0 0 0 FIONA HSU BOARD MEMBER 2.00 X 0 0 0 STEVE HERMAN BOARD MEMBER 2.00 X 0 0 0 JOHN S KAUH BOARD VICE CHAIR, EXECUTIV 2.00 X 0 0 0 RAY PEARL BOARD MEMBER 2.00 X 0 0 0 ELIZABETH SOUTHORN BOARD MEMBER 2.00 X 0 0 0 CECILE CHALIFOUR BOARD MEMBER 2.00 X 0 0 0 JOHN CHAN BOARD MEMBER 2.00 X 0 0 0 JIMAR WILSON BOARD MEMBER 2.00 X 0 0 0 MARK RASMUSSEN EXEC VICE PRESIDENT 40.00 X 432509 0 35496 JAMIE NELSON TREASURER 40.00 X 296200 0 54659 MARIA MAJCZINGER SR VICE PRESIDENT 40.00 X 252033 0 24903 TIA BOATMAN PATTERSON PRESIDENT AND CEO 40.00 X 436142 0 23196 DONALD CAVIER CHIEF OPERATING OFFICER 40.00 X 110694 0 1375 DAVID SALTZMAN EXEC VICE PRESIDENT 40.00 X 346617 0 44196 STEVEN COLE SR VICE PRESIDENT 40.00 X 181922 0 24466 LAURA ORELLANA SR VICE PRESIDENT 40.00 X 215700 0 33068 RENEE COOKS SR VICE PRESIDENT 40.00 X 206200 0 26808 AARON SMITH SR VICE PRESIDENT 40.00 X 204360 0 21063 JENNIFER QUEVEDO VICE PRESIDENT 40.00 X 176200 0 16566 MARY KAISER FORMER PRESIDENT 40.00 X 273337 0 10400 3131914 0 316196 12 1 1 0 ANDREA P VOGEL 1134 BONILLA DRIVE TOPANGA CA 90290 ATTORNEY 163133 DENTONS US LLP 211 N BROADWAY SUITE 3000 ST LOUIS MO 63102 ATTORNEY 109175 2 200000 157953 357953 INTEREST INCOME-LOANS 525990 12392546 12392546 INTEREST INCOME - SWEEP 525990 3827806 3827806 LOAN SERVICING FEES 525990 2307077 2307077 LOAN, RATE LOCK FEES 525990 1718235 1718235 CREDIT ENHANCEMENT & OTHER FEES 525990 437499 437499 20683163 402901 402901 RECOVERY OF BAD DEBTS 525990 531088 531088 531088 21975105 21214251 0 402901 X 60323 60323 2001962 1416015 585947 2782550 2782550 217162 217162 143818 143818 586305 541754 44551 182187 163968 18219 179908 29183 150725 482625 482625 57566 57566 134075 121148 12927 250686 223111 27575 105636 105636 57382 51070 6312 9584159 9584159 9947 6963 2984 147968 85821 62147 BANK SERVICE CHARGES 336683 336683 DUES & SUBSCRIPTIONS 136067 136067 17457009 16545622 911387 0 18438485 19902043 1027664 1841942 189412102 300328202 151571 195270 602396 584274 11655 18122 27060781 27589740 6685826 8082631 242788084 357957950 1219689 1045363 5864724 4529477 159677582 268518441 583065 2309855 167345060 276403136 X 75267469 80954310 175555 600504 75443024 81554814 242788084 357957950 4518096 1593694 0 X 0 1 X 1 0 X 46500 171304 67000 23052 357953 665809 17171260 51375161 10144588 16618787 21214251 116524047 17217760 51546465 10211588 16641839 21572204 117189856 0 1133893 40247121 1764550 1090379 1622570 45858513 1133893 40247121 1764550 1090379 1622570 45858513 71331343 4741437 1640602 332513 325261 402901 7442714 4741437 1640602 332513 325261 402901 7442714 21959197 53187067 10544101 16967100 21975105 124632570 0.57230 0.54380 0.05970 0.08490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 150641235 30817683 7386515 174072403 0 530555 495272 60323 10000 955504 1082049 77011 41825 586680 530555 115424 1008680 42055 1082049 517074 96304 66000 431954 115424 2618826 46500 41374 2106878 517074 0.37000 0.63000 0 0 602396 584274 18122 18122 GUARANTEED INT ONLY STRIPS 5349457 F NON-GUARTD INT ONLY STRIPS 6568655 F COLLATERALIZED MORTG OBLGTN 13935428 F FEDERAL HOME LOAN BANK OF SF STOCK 1736200 C 27589740 INTEREST PAYABLE - MEMBER BANKS 1019699 LEASE LIABILITIES 1290156 2309855 23037711 1593694 1593694 21444017 531088 531088 21975105 16925921 -531088 -531088 17457009 0 17457009 PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE AS FOLLOWS: $191,278 IS DONOR RESTRICTED FOR HOUSING FINANCING; $219,226 IS DONOR RESTRICTED FOR SCHOLARSHIPS; $190,000 FOR OTHER GRANTS; AND $355,000 IS THE BOARD-DESIGNATED FUND WITHOUT DONOR RESTRICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY PART IV, LINE 1B: THE ORGANIZATION HOLDS CERTAIN BORROWER RESERVE BALANCES TO BE REMITTED TO THIRD PARTIES ON BEHALF OF THE BORROWERS OR RETURNED TO THE BORROWERS. SUCH AMOUNTS ARE NOT REFLECTED ON THE ORGANIZATION'S FINANCIAL STATEMENTS OR BOOKS. ADDITIONS INCLUDE THE YEAR-END BALANCE OF BOND LOAN BORROWER RESERVE BALANCES TO BE REMITTED TO THIRD PARTIES ON BEHALF OF THE BORROWERS OR RETURNED TO THE BORROWERS. SUCH AMOUNTS ARE NOT REFLECTED ON THE ORGANIZATION'S FINANCIAL STATEMENTS OR BOOKS. 1 SCHOLARSHIPS FOR STUDENTS ATTENDING QUALIFIED EDUCATION 23 60323 FORM 990 SCH I PART I LINE 2: AN INDEPENDENT SCHOLARSHIP COMMITTEE REVIEWS ALL SCHOLARSHIP APPLICATIONS AND DETERMINES THE ELIGIBILITY AND SCHOLARSHIP GRANT AMOUNT. THE MAJORITY OF THE SCHOLARSHIP GRANT FUNDS ARE MADE PAYABLE TO AND MAILED DIRECTLY TO THE SCHOOL. A SCHOLARSHIP CHECK IS ONLY MADE PAYABLE TO THE STUDENT WHEN THE SCHOOL WILL NOT ACCEPT PAYMENT ON BEHALF OF THE STUDENT. IN THIS INSTANCE, THE STUDENT MUST SUBMIT THE APPROPRIATE RECEIPTS TO BE REIMBURSED. X X X 0 0 0 0 0 0 0 0 0 MARK RASMUSSEN EXEC VICE PRESIDENT 432509 0 0 0 0 0 23196 0 12300 0 468005 0 0 0 TIA BOATMAN PATTERSON PRESIDENT AND CEO 436142 0 0 0 0 0 23196 0 0 0 459338 0 0 0 DAVID SALTZMAN EXEC VICE PRESIDENT 346617 0 0 0 0 0 23196 0 21000 0 390813 0 0 0 JAMIE NELSON TREASURER 296200 0 0 0 0 0 20008 0 34651 0 350859 0 0 0 MARY KAISER FORMER PRESIDENT 273337 0 0 0 0 0 0 0 10400 0 283737 0 0 0 MARIA MAJCZINGER SR VICE PRESIDENT 252033 0 0 0 0 0 16873 0 8030 0 276936 0 0 0 LAURA ORELLANA SR VICE PRESIDENT 215700 0 0 0 0 0 13968 0 19100 0 248768 0 0 0 RENEE COOKS SR VICE PRESIDENT 206200 0 0 0 0 0 13208 0 13600 0 233008 0 0 0 AARON SMITH SR VICE PRESIDENT 204360 0 0 0 0 0 13063 0 8000 0 225423 0 0 0 STEVEN COLE SR VICE PRESIDENT 181922 0 0 0 0 0 11266 0 13200 0 206388 0 0 0 JENNIFER QUEVEDO VICE PRESIDENT 176200 0 0 0 0 0 9066 0 7500 0 192766 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PER CCRC'S BYLAWS, CCRC HAS MEMBERS. THE MEMBERS HAVE ONE VOTE PER $1 MILLION OF CREDIT LINE FOR THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE INDIVIDUAL DIRECTORS ARE ELECTED BY THE MEMBERS. THE BOARD OF DIRECTORS EXERCISES AND MANAGES ALL POWERS AND ACTIVITIES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS FORM TO OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY AND HAS THEM COMPLETE THE FORM AND SEND BACK TO THE OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION COMPARABILITY DATA AND PERFORMANCE GOALS OF THE PRESIDENT TO DETERMINE THE PRESIDENT'S COMPENSATION. THE PRESIDENT DETERMINES THE COMPENSATION OF OTHER EMPLOYEES WHICH IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS PROVIDED UPON REQUEST. HOWEVER, THE TAXPAYER RESERVES THE RIGHT TO DENY THE REQUEST. PART 990, PART IX, LINE 7 COLUMN A THE ORGANIZATION CAPITALIZES A PORTION OF EMPLOYEES' SALARIES TO LOAN FEES AND AMORTIZES THE LOAN FEES OVER THE TERMS OF THE LOANS. FOR THE YEAR ENDED 09/30/2024, EMPLOYEES' WAGES WERE REDUCED BY $200,000 WHICH WAS RECLASSIFIED TO LOAN FEES. CCRC AFFORDABLE HOUSING PARTNERS LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 954799771 FINANCING FOR AFFORDALBE HOUSING CA CALIFORNIA COMMUNITY REINVESTMENT CORP CCRC DEPOSITOR LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 DEPOSITOR IN CONNECTION WITH THE SALE & SECURITZTN OF MORTGAGE LOANS DE CALIFORNIA COMMUNITY REINVESTMENT CORP CCRC TEBS DEPOSITOR I LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 DEPOSITOR IN CONNECTION WITH THE SALE & SECURITZTN OF TAX-EXEMPT BONDS DE CALIFORNIA COMMUNITY REINVESTMENT CORP CCRCPSP LLC 100 WEST BROADWAY SUITE 1000 GLENDALE CA 91210 FINANCING AND TECHNICAL ASSISTANCE FOR AFFORDABLE HOUSING CA 1036213 6339216 CALIFORNIA COMMUNITY REINVESTMENT CORP