Civic Intelligence

Irvine Community Land Trust

990 • Fiscal year 2018 • EIN 20-4773159

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 26, 2018

Organization Profilewww.irvineclt.org
930 Roosevelt Ave Suite 106Irvine, CA 92620

(949) 565-3547

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

10th percentile

$131,784

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

50th percentile

2.8%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-25%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$54,491,316

Up $1,471,224 (+2.8%) from 2017

Net Assets

Up

$54,466,371

Up $1,502,812 (+2.8%) from 2017

Liabilities

Down

$24,945

Down $31,588 (-56%) from 2017

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin95th percentile

Revenue

Down

$2,286,019

Down $758,858 (-25%) from 2017

Expenses

Down

$783,207

Down $2,722,280 (-78%) from 2017

Net Income

Up

$1,502,812

Up $1,963,422 (+426%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$54,491,316
Liabilities$24,945
Net Assets$54,466,371
Open 2018 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$2,286,019
Expenses$783,207
Net Income$1,502,812
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 26, 2018
Return Version
2017v2.2
Gross Receipts
$2,286,019
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$52,963,559$54,466,371▲ $1,502,812
Accounts Receivable$19,626,017$18,811,646▼ $814,371
Land, Buildings, and Equipment, Net$18,195,119$18,104,927▼ $90,192
Investments in Publicly Traded Securities$7,170,585$7,517,440▲ $346,855
Other Notes and Loans Receivable, Net$4,811,383$4,873,138▲ $61,755
Savings and Temporary Cash Investments$1,854,207$1,773,677▼ $80,530
Cash and Non-Interest-Bearing Accounts$1,342,781$1,757,056▲ $414,275
Prepaid Expenses and Deferred Charges$20,000$22,100▲ $2,100
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$53,020,092$54,491,316▲ $1,471,224
Other Assets Total-$1,631,332-
Liabilities
Accounts Payable and Accrued Expenses$47,521$15,933▼ $31,588
Other Liabilities$9,012$9,012→ $0
Total Liabilities$56,533$24,945▼ $31,588
Net Assets / Fund Balance
Total Net Assets Fund Balance$52,963,559$54,466,371▲ $1,502,812
Total Liabilities and Net Assets / Fund Balance$53,020,092$54,491,316▲ $1,471,224

Asset Categories

AssetBook ValueDepreciationBasis
Land$16,000,000-$16,000,000
Buildings$2,103,061$566,167$2,669,228
Equipment$1,866$2,027$3,893
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark AsturiasExec DirectorFT$131,784$131,784

Board Members and Trustees

NameTitle
Melissa FoxPresident
Leon NapperVice President
Bryan StarrDirector
Mary Ann GaidoDirector
Patrick StraderDirector
Nancy DonnellySecretary
Christina SheaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$126,318
Investment Income
$2,159,701
Other Revenue
$0
Change in Net Assets
$1,502,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$600,102
Salaries, Compensation, and Employee Benefits$183,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$131,784-$131,784
Fees for Services Accounting$102,201--$102,201
Fees for Services Legal$92,139--$92,139
Depreciation Depletion$90,193--$90,193
Fees for Services Other$49,910--$49,910
Other Salaries and Wages-$39,085-$39,085
Occupancy-$25,270-$25,270
Insurance-$24,686-$24,686
Conferences and Meetings-$12,267-$12,267
Payroll Taxes-$12,236-$12,236
Advertising-$12,107-$12,107
Office Expenses-$6,016-$6,016
Other Expenses$82,369$1,330-$1,330
All Other Expenses-$192-$192
Total Functional Expenses$508,876$274,331$0$783,207
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Payable$9,012
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The organization uses a management company for the management of the rental portfolio. The city of irvine also provides the staff to manage the land trust.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“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.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“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.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization's executive director and accountant review the form 990 and related schedules. The financials and information returns are presented to the board of directors.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“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.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The executive director's compensation is approved by the board and will be re-negotiated in august 2019.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its governing documents, policies and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Irvine Community Land Trust
EIN
20-4773159
Phone
9495653547
Address
930 ROOSEVELT AVE SUITE 106, IRVINE, CA 92620

Signing Officer

Name
Mark Asturias
Title
Executive Director
Signed
2018-11-26
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Robert S Borish CPA Inc
Address
6 VENTURE STE 120, IRVINE, CA 92618-7381
Preparer
Robert S Borish CPA
Phone
9499515002
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt052963559
IRS990/NetAssetsOrFundBalancesEOYAmt054466371
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt025270
IRS990/OccupancyGrp/TotalAmt025270
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06016
IRS990/OfficeExpensesGrp/TotalAmt06016
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt01631332
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REAL ESTATE SERVICES
IRS990/OtherExpensesGrp/Desc1RENTAL EXPENSES LESS DEPREC
IRS990/OtherExpensesGrp/Desc2COMPUTER EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09358
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11330
IRS990/OtherExpensesGrp/ProgramServicesAmt092064
IRS990/OtherExpensesGrp/ProgramServicesAmt182369
IRS990/OtherExpensesGrp/TotalAmt092064
IRS990/OtherExpensesGrp/TotalAmt182369
IRS990/OtherExpensesGrp/TotalAmt29358
IRS990/OtherExpensesGrp/TotalAmt31330
IRS990/OtherLiabilitiesGrp/BOYAmt09012
IRS990/OtherLiabilitiesGrp/EOYAmt09012
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0INTEREST INC-LAWSUIT STL
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039085
IRS990/OtherSalariesAndWagesGrp/TotalAmt039085
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04811383
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04873138
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012236
IRS990/PayrollTaxesGrp/TotalAmt012236
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022100
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0GROUND LEASE FEE
IRS990/ProgramServiceRevenueGrp/Desc1RENT
IRS990/ProgramServiceRevenueGrp/Desc2SCHOLARSHIP & APP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017247
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1109071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017247
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1109071
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01551966
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0322590
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03451704
IRS990/PYOtherRevenueAmt01050098
IRS990/PYProgramServiceRevenueAmt0120223
IRS990/PYRevenuesLessExpensesAmt0-460610
IRS990/PYSalariesCompEmpBnftPaidAmt053783
IRS990/PYTotalExpensesAmt03505487
IRS990/PYTotalRevenueAmt03044877
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01502812
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt052963559
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt054466371
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01854207
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01773677
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0952759391
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CITY OF IRVINE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02103061
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0566167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02669228
IRS990ScheduleD/EquipmentGrp/BookValueAmt01866
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03893
IRS990ScheduleD/LandGrp/BookValueAmt016000000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018104927
IRS990ScheduleD/TotalLiabilityAmt09012
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES A MANAGEMENT COMPANY FOR THE MANAGEMENT OF THE RENTAL PORTFOLIO. THE CITY OF IRVINE ALSO PROVIDES THE STAFF TO MANAGE THE LAND TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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/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 ORGANIZATION'S 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/ExplanationTxt4THE 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/ExplanationTxt5THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD AND WILL BE RE-NEGOTIATED IN AUGUST 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF IRVINE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0952759391
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MUNCIPAL GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE CIVIC CENTER PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0IRVINE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0926239575
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,491,316
Liabilities
$24,945
Net assets
$54,466,371
Revenue
$2,286,019
Expenses
$783,207
Net income
$1,502,812
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