Nonprofit · EIN 91-2157935
C A R HOUSING AFFORDABILITY FUND
Tax-exempt · SACRAMENTO, CA 95814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,409,548 | $1,206,548 | $203,000 | $998,249 | $98,995 | $899,254 |
| December 31, 2023 | 990 | $420,324 | $1,349,763 | -$929,439 | $765,533 | $89,957 | $675,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,380,650
- Program service revenue
- $0
- Investment income
- $28,898
- Net gain from sales of assets
- -$7,150
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,080,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,080,000
- Management and general (functional)
- $126,548
Balance sheet and other
- Total assets, start of year
- $765,533
- Total assets, end of year
- $998,249
- Total liabilities, end of year
- $98,995
- Net assets, end of year
- $899,254
- Publicly traded securities
- $558,210
- Net assets without donor restrictions
- $899,254
- Gross receipts
- $1,547,722
- Employees
- 0
- Volunteers
- 18
- Year formed
- 2001
- 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 |
|---|---|---|---|---|---|
| IQBAL BHOLAT | TREASURER Officer | 1 | $0 | $266,638 | $56,565 |
| FRANK OTI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DITAS YAMANE | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| VICTORIA COPELAND | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| SHAUNA LOVE | ASSN. EXEC. (VOTING) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| NILA ALVIDREZ-ESPOSITO | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| KEVIN BIRMINGHAM | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| ARLENE BYERLY | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| DERIK DAMI | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| MICHAEL DELEON | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| NATALIE GARRICK | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| SHER HEARD | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| CAROL M LUCKENBACH | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| SUSAN MARSHALL | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| TAFFY MAURER | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA MOLINA | MEMBER Trustee or director | 2.5 | $0 |
| JANINE NIELSEN | MEMBER Trustee or director | 2.5 | $0 |
| DAVID SCHUBB | MEMBER Trustee or director | 2.5 | $0 |
| LEHEL SZUCS | MEMBER Trustee or director | 2.5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| IQBAL BHOLAT | TREASURER Officer | 1 | $0 | $248,451 | $47,274 |
| DENISE G WELSH | CHAIR Trustee or director, Officer | 2.5 | $0 | $5,900 | $0 |
| JUDITH MYERS | MEMBER Trustee or director | 2.5 | $0 | $5,900 | $0 |
| BETH A FLURE | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| FRANK OTI | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| SHAUNA LOVE | ASSN. EXEC. (VOTING) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CAROL M LUCKENBACH | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| CHUCK LINN | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| DERIK DAMI | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| JANINE NIELSEN | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| KEVIN BIRMINGHAM | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| LEHEL SZUCS | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| MICHAEL DELEON | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| NATALIE GARRICK | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| NILA ALVIDREZ | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| SHER HEARD | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| SUSAN MARSHALL | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
| TAFFY MAURER | MEMBER Trustee or director | 2.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 915 L ST STE 1460, SACRAMENTO, CA 95814-3705
- In care of
- % CALIFORNIA ASSOCIATION OF REALTOR
- Principal officer (990 for 2024)
- DENISE G WELSH, 915 L STREET 1460, SACRAMENTO, CA 95814
- Signed the 990
- IQBAL BHOLAT, TREASURER
- Phone
- (213) 739-8200
- Website
- WWW.CAR.ORG
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 91-2157935 or by the name C A R HOUSING AFFORDABILITY FUND.
- 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
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.
Program accomplishments
- THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,080,000 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 2024, C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $80,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES.GRANTS TO INDIVIDUALS=====================DURING 2024, C.A.R.'S CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 TO 103 HOUSEHOLDS 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. THROUGH THE 3 YEARS OF THE PROGRAM A TOTAL OF $3,000,000 (311 HOUSEHOLDS) THUS FAR. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CALIFORNIA REALTOR.Expenses $1,080,000 · grants $1,080,000
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
- 91-2157935
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Suspense
- Donations deductible (Pub 78)
- Charity of unknown status, 50% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $998,249
- Income (IRS master file)
- $1,547,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,409,548 | $1,206,548 | $998,249 | IRS |
| 990 | December 2023 | $420,324 | $1,349,763 | $765,533 | XML |
| 990 | December 2022 | $490,129 | $1,305,283 | $1,619,380 | 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 91-2157935).
Questions about C A R HOUSING AFFORDABILITY FUND
- What is the EIN of C A R HOUSING AFFORDABILITY FUND?
- The employer identification number (EIN) of C A R HOUSING AFFORDABILITY FUND is 91-2157935.
- Is C A R HOUSING AFFORDABILITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to C A R HOUSING AFFORDABILITY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Charity of unknown status, 50% limit).
- Which annual return does C A R HOUSING AFFORDABILITY FUND 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 C A R HOUSING AFFORDABILITY FUND 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 C A R HOUSING AFFORDABILITY FUND 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 C A R HOUSING AFFORDABILITY FUND?
- The 990 for the year ended December 31, 2024 names DENISE G WELSH.
- Who are the officers and directors of C A R HOUSING AFFORDABILITY FUND?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does C A R HOUSING AFFORDABILITY FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,409,548, expenses of $1,206,548 and total assets of $998,249 at year end.
Other nonprofits in SACRAMENTO
- LIFE SKILLS TRAINING AND EDUCATIONAL PROGRAMS INC EIN 33-0720982 · last filed 990 for 2025
- MUTUAL HOUSING CALIFORNIA EIN 94-3093354 · last filed 990 for 2024
- LA COOPERATIVA CAMPESINA DE CALIFORNIA EIN 68-0329821 · last filed 990 for 2025
- COMMUNITY RESOURCE PROJECT EIN 94-2280427 · last filed 990 for 2025
- LEADINGAGE CALIFORNIA FOUNDATION EIN 95-2383463 · last filed 990 for 2024
- AFFORDABLE COMMUNITIES INC PARENT RETURN EIN 30-0053792 · last filed 990 for 2025
- PACIFIC HOUSING INC A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATI EIN 68-0412326 · last filed 990 for 2024
- AFFORDABLE COMMUNITIES INC EIN 47-3480410 · last filed 990 for 2025
All nonprofits in SACRAMENTO · California · Housing and shelter