Civic Intelligence

Irvine Community Land Trust

EIN 20-4773159 • 501(c)3 • Irvine, CA

Profile

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-perpetutiy, land and assets for affordable housing.

503 NightmistIrvine, CA 92618

www.irvineclt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.22x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

9.91x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

88th percentile

40%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

28th percentile

$330,635

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

92nd percentile

30%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

5.5%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$106,365,603

Up $24,740,489 (+30%) from 2024

Liabilities

Up

$23,839,892

Up $23,776,002 (+37214%) from 2024

Net Assets

Up

$82,525,711

Up $964,487 (+1.2%) from 2024

Revenue

Up

$2,405,894

Up $125,235 (+5.5%) from 2024

Expenses

Up

$1,441,407

Up $640,973 (+80%) from 2024

Net Income

Down

$964,487

Down $515,738 (-35%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $4,696,952Liabilities 2010: $1,431,180Net Assets 2010: $3,265,7722010Assets 2011: $6,630,111Liabilities 2011: $6,618,496Net Assets 2011: $11,6152011Assets 2012: $5,873,110Liabilities 2012: $5,834,052Net Assets 2012: $39,0582012Assets 2013: $12,011,513Liabilities 2013: $3,282,223Net Assets 2013: $8,729,2902013Assets 2014: $13,085,259Liabilities 2014: $4,540,900Net Assets 2014: $8,544,3592014Assets 2015: $15,520,666Liabilities 2015: $34,504Net Assets 2015: $15,486,1622015Assets 2016: $32,839,795Liabilities 2016: $27,978Net Assets 2016: $32,811,8172016Assets 2017: $53,020,092Liabilities 2017: $56,533Net Assets 2017: $52,963,5592017Assets 2018: $54,491,316Liabilities 2018: $24,945Net Assets 2018: $54,466,3712018Assets 2019: $66,643,725Liabilities 2019: $3,075,351Net Assets 2019: $63,568,3742019Assets 2020: $76,437,340Liabilities 2020: $125,325Net Assets 2020: $76,312,0152020Assets 2021: $85,202,107Liabilities 2021: $5,393,018Net Assets 2021: $79,809,0892021Assets 2022: $77,686,566Liabilities 2022: $1,133,883Net Assets 2022: $76,552,6832022Assets 2023: $77,740,372Liabilities 2023: $25,713Net Assets 2023: $77,714,6592023Assets 2024: $81,625,114Liabilities 2024: $63,890Net Assets 2024: $81,561,2242024Assets 2025: $106,365,603Liabilities 2025: $23,839,892Net Assets 2025: $82,525,7112025

Highlighted filing

2025

Assets$106,365,603
Liabilities$23,839,892
Net Assets$82,525,711

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $272,7102010Expenses 2011: $2,058,3332011Revenue 2012: $1,103,830Expenses 2012: $1,076,387Net Income 2012: $27,4432012Expenses 2013: $2,026,3642013Revenue 2014: $1,460,130Expenses 2014: $1,645,061Net Income 2014: -$184,9312014Revenue 2015: $366,830Expenses 2015: $281,945Net Income 2015: $84,8852015Revenue 2016: $9,365,391Expenses 2016: $389,736Net Income 2016: $8,975,6552016Revenue 2017: $3,044,877Expenses 2017: $3,505,487Net Income 2017: -$460,6102017Revenue 2018: $2,286,019Expenses 2018: $783,207Net Income 2018: $1,502,8122018Revenue 2019: $10,054,260Expenses 2019: $952,256Net Income 2019: $9,102,0042019Revenue 2020: $13,587,270Expenses 2020: $843,629Net Income 2020: $12,743,6412020Revenue 2021: $4,180,508Expenses 2021: $683,434Net Income 2021: $3,497,0742021Revenue 2022: $1,157,101Expenses 2022: $4,413,507Net Income 2022: -$3,256,4062022Revenue 2023: $2,078,400Expenses 2023: $916,424Net Income 2023: $1,161,9762023Revenue 2024: $2,280,659Expenses 2024: $800,434Net Income 2024: $1,480,2252024Revenue 2025: $2,405,894Expenses 2025: $1,441,407Net Income 2025: $964,4872025

Highlighted filing

2025

Revenue$2,405,894
Expenses$1,441,407
Net Income$964,487

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$106$23.8$82.5$2.41$1.44$0.96
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.6$0.06$81.6$2.28$0.80$1.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.7$0.03$77.7$2.08$0.92$1.16
2022Detailed filing. Detailed filing data is available for this year.$77.7$1.13$76.6$1.16$4.41$3.26
2021Detailed filing. Detailed filing data is available for this year.$85.2$5.39$79.8$4.18$0.68$3.50
2020Detailed filing. Detailed filing data is available for this year.$76.4$0.13$76.3$13.6$0.84$12.7
2019Detailed filing. Detailed filing data is available for this year.$66.6$3.08$63.6$10.1$0.95$9.10
2018Detailed filing. Detailed filing data is available for this year.$54.5$0.02$54.5$2.29$0.78$1.50
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.0$0.06$53.0$3.04$3.51$0.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.8$0.03$32.8$9.37$0.39$8.98
2015Detailed filing. Detailed filing data is available for this year.$15.5$0.03$15.5$0.37$0.28$0.08
2014Detailed filing. Detailed filing data is available for this year.$13.1$4.54$8.54$1.46$1.65$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$3.28$8.73$2.03
2012Summary only. Only limited summary data is available for this year.$5.87$5.83$0.04$1.10$1.08$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$6.62$0.01$2.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$1.43$3.27$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 11, 2025
Return Version
2024v5.2
Gross Receipts
$2,551,507
Mission and Program Overview

Mission

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-perpetutiy, land and assets for affordable housing.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$81,561,224$82,525,711▲ $964,487
Land, Buildings, and Equipment, Net$36,756,038$64,865,483▲ $28,109,445
Savings and Temporary Cash Investments$26,306,252$12,594,848▼ $13,711,404
Other Notes and Loans Receivable, Net$11,015,932$11,015,932→ $0
Cash and Non-Interest-Bearing Accounts$2,640,347$10,041,425▲ $7,401,078
Total Assets$81,625,114$106,365,603▲ $24,740,489
Other Assets Total$4,906,545$7,847,915▲ $2,941,370
Liabilities
Mortgage Notes Payable Secured by Investment Property-$23,655,794-
Accounts Payable and Accrued Expenses$57,876$178,917▲ $121,041
Other Liabilities$6,014$5,181▼ $833
Total Liabilities$63,890$23,839,892▲ $23,776,002
Net Assets / Fund Balance
Total Net Assets Fund Balance$81,561,224$82,525,711▲ $964,487
Total Liabilities and Net Assets / Fund Balance$81,625,114$106,365,603▲ $24,740,489

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,796,238$1,241,102-
Land$63,054,046--
Equipment$12,693$11,297-
Leasehold Improvements$2,506$912-
Other Assets Org$-1--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William HughesExec DirectorFT$250,000$80,635$330,635

Board Members and Trustees

NameTitle
Ryan AehPresidentchair
James MaiBoard Member
Leon NapperBoard Member
Patrick StraderBoard Member
William GoBoard Member
Russell FelbobSecretaryboard Member
Nancy DonnellyVptreasurerboard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$580,646
Investment Income
$1,813,570
Other Revenue
$11,678
Change in Net Assets
$964,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,405,894
Total Revenue per Audited Statements
$2,405,894
Total Revenue per Form 990
$2,405,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,026,105
Salaries, Compensation, and Employee Benefits$415,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$770,319-$770,319
Current Officers, Directors, Trustees, and Key Employees-$330,635-$330,635
Depreciation Depletion$103,610$12,296-$115,906
All Other Expenses$9,737$49,109-$58,846
Payroll Taxes-$42,747-$42,747
Other Salaries and Wages-$41,920-$41,920
Fees for Services Accounting$40,010--$40,010
Fees for Services Legal$19,699--$19,699
Other Expenses$11,159$3,540-$3,540
Office Expenses$172$2,791-$2,963
Total Functional Expenses$184,387$1,257,020$0$1,441,407

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,441,407
Total Expenses per Audited Statements$1,441,407
Total Expenses per Form 990$1,441,407
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accured payroll Exp$5,181
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Irvine Community Land Trust
EIN
20-4773159
In Care Of
% William Hughes
Phone
9497430441
Address
503 Nightmist, Irvine, CA 92618

Signing Officer

Name
William Hughes
Title
Executive Director
Phone
9497430441
Signed
2025-12-11
Discuss with paid preparer
No

Organization Details

Principal Officer
William Hughes
Formed
2006
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
2

Preparer

Firm
Fitzgerald & Company CPAs
Address
2522 Chambers Rd Ste 126, Tustin, CA 92780
Preparer
John Fitzgerald CPA
Phone
9493980918
Supplemental Narrative

Additional Explanations

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.

Raw XML AppendixShowing 400 of 442 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0City of Irvine
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM HUGHES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES A MANAGEMENT COMPANY FOR THE MANAGEMENT OF THE RENTAL PORTFOLIO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors meets on a regular basis and records their minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMMITTEES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS EXECUTIVE DIRECTOR AND ACCOUNTANT REVIEW THE FORM 990 AND RELATED SCHEDULES. THE FINANCIALS AND INFORMATION RETURNS ARE PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EXECUTIVE DIRECTORS COMPENSATION IS APPROVED BY THE BOARD AND WILL BE RE-NEGOTIATED IN JUNE 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ALL OFFICER AND KEY EMPLOYEE COMPENSATION MUST BE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, AND ON ITS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10During 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10List of other expenses Part IX line 24e
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