Nonprofit · EIN 33-0861387
AMERICAN OPPORTUNITY FOUNDATION
Also known as AOF-GOLDEN STATE COMMUNITY DEVELOPM
Tax-exempt · HUNTINGTN BCH, CA 92647
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $378,999 | $425,325 | -$46,326 | $2,202,965 | $2,696,870 | -$493,905 |
| December 31, 2023 | 990 | $413,609 | $388,080 | $25,529 | $2,449,178 | $2,896,757 | -$447,579 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $378,918
- Investment income
- $81
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $156,309
- Salaries, compensation and benefits (total)
- $189,503
- Professional fundraising fees
- $0
- Occupancy
- $5,448
- Travel
- $1,464
- Depreciation
- $59,093
- Program services (functional)
- $402,907
- Management and general (functional)
- $22,418
Balance sheet and other
- Total assets, start of year
- $2,449,178
- Total assets, end of year
- $2,202,965
- Total liabilities, end of year
- $2,696,870
- Net assets, end of year
- -$493,905
- Land, buildings and equipment
- $1,715,321
- Net assets without donor restrictions
- -$493,905
- Gross receipts
- $378,999
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT MASCARO | PRESIDENT, TRUSTEE Trustee or director, Officer | 1 | $0 | $394,167 | $53,227 |
| KATHRYN T WALKER | SVP-FINANCE, TRUSTEE Trustee or director, Officer | 3 | $0 | $380,000 | $63,415 |
| SHARON TRAN | SECRETARY, TRUSTEE Trustee or director, Officer | 1 | $0 | $216,541 | $43,479 |
| AJAY NAYER | VICE PRESIDENT Officer | 40 | $149,583 | $0 | $23,159 |
| DANIEL DO-KHANH | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| CYNTHIA GRADY | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHRYN T WALKER | SVP-FINANCE, TRUSTEE Trustee or director, Officer | 3 | $0 | $400,000 | $59,815 |
| BRETT MASCARO | PRESIDENT, TRUSTEE Trustee or director, Officer | 1 | $0 | $349,375 | $46,697 |
| SHARON TRAN | SECRETARY, TRUSTEE Trustee or director, Officer | 1 | $0 | $200,666 | $39,592 |
| AJAY NAYER | VICE PRESIDENT Officer | 40 | $134,792 | $0 | $20,931 |
| DANIEL DO-KHANH | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| SAN PHAM | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| CYNTHIA GRADY | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7755 CENTER AVE STE 575, HUNTINGTN BCH, CA 92647-3068
- In care of
- % KATHY WALKER
- Principal officer (990 for 2024)
- KATHRYN T WALKER, 7755 CENTER AVENUE SUITE 575, HUNTINGTON BEACH, CA 92647
- Signed the 990
- KATHRYN T WALKER, SVP-FINANCE
- Phone
- (714) 799-1339
- Website
- WWW.AOFGOLDENSTATE.COM
- Return prepared by
- CARTER & COMPANY CPAS LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0861387 or by the name AMERICAN OPPORTUNITY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO ACQUIRE, REHABILITATE, RENT AND SELL AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY, AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.
Program accomplishments
- RENTAL PROPERTIES ARE REHABILITATED AND LEASED TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.Expenses $249,691 · revenue $209,570
- OPERATION OF TWO APARTMENT BUILDINGS FOR LOW INCOME TENANTS.revenue $19,149
- TO PROVIDE ELEVEN AFFORDABLE RENTAL UNITS TO LOW-INCOME AND VERY LOW-INCOME SENIORS IN ALHAMBRA.Expenses $153,216 · revenue $150,199
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0861387
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 7174: AMERICAN OPPORTUNITY FOUNDATION INC
- Assets (IRS master file)
- $2,202,965
- Income (IRS master file)
- $378,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $378,999 | $425,325 | $2,202,965 | XML |
| 990 | December 2023 | $413,609 | $388,080 | $2,449,178 | XML |
| 990 | December 2022 | $366,569 | $415,750 | $2,278,391 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0861387).
Questions about AMERICAN OPPORTUNITY FOUNDATION
- What is the EIN of AMERICAN OPPORTUNITY FOUNDATION?
- The employer identification number (EIN) of AMERICAN OPPORTUNITY FOUNDATION is 33-0861387.
- Is AMERICAN OPPORTUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Which annual return does AMERICAN OPPORTUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN OPPORTUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN OPPORTUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN OPPORTUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names KATHRYN T WALKER.
- Who are the officers and directors of AMERICAN OPPORTUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization.
- How much revenue does AMERICAN OPPORTUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $378,999, expenses of $425,325 and total assets of $2,202,965 at year end.
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