Civic Intelligence

Irvine Community Land Trust

990 • Fiscal year 2020 • EIN 20-4773159

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 21, 2020

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

5th percentile

0.00x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.01x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

99th percentile

94%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

12th percentile

$146,002

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

35%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$76,437,340

Up $9,793,615 (+15%) from 2019

Net Assets

Up

$76,312,015

Up $12,743,641 (+20%) from 2019

Liabilities

Down

$125,325

Down $2,950,026 (-96%) from 2019

Revenue

Up

$13,587,270

Up $3,533,010 (+35%) from 2019

Expenses

Down

$843,629

Down $108,627 (-11%) from 2019

Net Income

Up

$12,743,641

Up $3,641,637 (+40%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$76,437,340
Liabilities$125,325
Net Assets$76,312,015

Operations Trend

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

2020

Revenue$13,587,270
Expenses$843,629
Net Income$12,743,641
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 21, 2020
Return Version
2019v5.1
Gross Receipts
$13,587,270
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$63,568,374$76,312,015▲ $12,743,641
Land, Buildings, and Equipment, Net$23,515,233$34,928,023▲ $11,412,790
Accounts Receivable$17,298,589$14,444,159▼ $2,854,430
Investments in Publicly Traded Securities$9,813,565$12,657,241▲ $2,843,676
Other Notes and Loans Receivable, Net$11,459,073$11,142,887▼ $316,186
Cash and Non-Interest-Bearing Accounts$2,666,539$847,307▼ $1,819,232
Savings and Temporary Cash Investments$250,196--
Prepaid Expenses and Deferred Charges$21,545--
Investments Program Related-$3,847-
Total Assets$66,643,725$76,437,340▲ $9,793,615
Other Assets Total$1,618,985$2,413,876▲ $794,891
Liabilities
Other Liabilities$3,009,163--
Accounts Payable and Accrued Expenses$66,188$125,325▲ $59,137
Total Liabilities$3,075,351$125,325▼ $2,950,026
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,568,374$76,312,015▲ $12,743,641
Total Liabilities and Net Assets / Fund Balance$66,643,725$76,437,340▲ $9,793,615

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,831--
Buildings$1,923,943$744,503-
Other Land Buildings$1,223--
Land$33,000,000--
Equipment$2,857$3,222-
Other Assets Org$22,100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark AsturiasExec DirectorFT$138,802$7,200$146,002

Board Members and Trustees

NameTitle
Melissa FoxPresident Chair
Mike StockstillVice-president Vice Chair
Farrah KhanBoard Member Director
Leon NapperBoard Member Director
Patrick StraderBoard Member Director
Nancy DonnellySecretary Treas
Ryan AehTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,500,000
Program Service Revenue
$219,775
Investment Income
$1,867,495
Other Revenue
$0
Change in Net Assets
$12,743,641

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$11,500,000Appraisal
Total Noncash Contributions1$11,500,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,587,270
Total Revenue per Audited Statements
$13,587,270
Total Revenue per Form 990
$13,587,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$625,432
Salaries, Compensation, and Employee Benefits$218,197
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-$146,002-$146,002
Depreciation Depletion$89,389$448-$89,837
Other Expenses$85,350--$85,350
Advertising$66,145--$66,145
Other Salaries and Wages-$57,287-$57,287
Fees for Services Legal$50,432--$50,432
Insurance-$45,890-$45,890
Occupancy-$23,268-$23,268
Fees for Services Accounting$18,580--$18,580
Payroll Taxes-$14,908-$14,908
Conferences and Meetings-$11,058-$11,058
All Other Expenses-$5,835-$5,835
Information Technology-$2,604-$2,604
Office Expenses-$518-$518
Travel-$8-$8
Total Functional Expenses$535,803$307,826$0$843,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$847,629
Total Expenses per Audited Statements$847,629
Total Expenses per Form 990$847,629
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Management duties delegation Part VI line 3

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.

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.

Committee meeting documentation Part VI line 8B

WE NEED EXPLANATION

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 ecpenditures 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 ececutive directors is approved by the board and will be re-negotiated in august 2019.

Other officer or key employee compensation Part VI line 15B

WE NEED EXPLANATION

Governing documents etc available to public Part VI line 19

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
Address
930 ROOSEVELT AVE SUITE 106, Irvine, CA 92620

Signing Officer

Name
Mark Asturias
Title
Executive Direc
Phone
9495653547
Signed
2020-09-21
Discuss with paid preparer
No

Organization Details

Principal Officer
Mark Asturias
Formed
2006
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
2

Preparer

Firm
Fitzgerald & Company CPAs
Address
1442 Irvine Blvd Suite 201, Tustin, CA 92780
Preparer
John Fitzgerald CPA
Phone
9493980918
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IRS990/OtherAssetsTotalGrp/EOYAmt02413876
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADVOCACY
IRS990/OtherExpensesGrp/Desc1REAL ESTATE SERVICES
IRS990/OtherExpensesGrp/Desc2BROKERAGE FEES
IRS990/OtherExpensesGrp/Desc3RENTAL PROPERTY EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt042000
IRS990/OtherExpensesGrp/ProgramServicesAmt135913
IRS990/OtherExpensesGrp/ProgramServicesAmt2147994
IRS990/OtherExpensesGrp/ProgramServicesAmt385350
IRS990/OtherExpensesGrp/TotalAmt042000
IRS990/OtherExpensesGrp/TotalAmt135913
IRS990/OtherExpensesGrp/TotalAmt2147994
IRS990/OtherExpensesGrp/TotalAmt385350
IRS990/OtherLiabilitiesGrp/BOYAmt03009163
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057287
IRS990/OtherSalariesAndWagesGrp/TotalAmt057287
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt011459073
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt011142887
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014908
IRS990/PayrollTaxesGrp/TotalAmt014908
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021545
IRS990/PrincipalOfficerNm0MARK ASTURIAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1GROUND LEASE FEE
IRS990/ProgramServiceRevenueGrp/Desc2Other
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111391
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1108379
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111391
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1108379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08500000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01428869
IRS990/PYOtherExpensesAmt0739186
IRS990/PYProgramServiceRevenueAmt0125391
IRS990/PYRevenuesLessExpensesAmt09102004
IRS990/PYSalariesCompEmpBnftPaidAmt0213070
IRS990/PYTotalExpensesAmt0952256
IRS990/PYTotalRevenueAmt010054260
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt012743641
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt011500000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt063568374
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt076312015
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0250196
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/OtherSupportSumAmt011500000
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0952759391
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt011500000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CITY OF IRVINE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01923943
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0744503
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02668446
IRS990ScheduleD/EquipmentGrp/BookValueAmt02857
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03222
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06079
IRS990ScheduleD/ExpensesSubtotalAmt0847629
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02016
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11831
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0224 GREENMOOR RENT RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1109 TAROCCO RENT RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt033000000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt033000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0492363
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11899413
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HOUSING PROJECT DEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01223
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01223
IRS990ScheduleD/RevenueSubtotalAmt013587270
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034928023
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02413876
IRS990ScheduleD/TotalBookValueProgramRltdAmt03847
IRS990ScheduleD/TotalExpensesPerForm990Amt0847629
IRS990ScheduleD/TotalRevenuePerForm990Amt013587270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013587270
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0847629
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt011500000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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 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/ExplanationTxt3WE NEED EXPLANATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE ORGANIZATION IDENTIFIES ANY POTENTIAL COMPLIANCE ISSUES WHENEVER PROJECTS OR ECPENDITURES 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/ExplanationTxt6THE ECECUTIVE DIRECTORS IS APPROVED BY THE BOARD AND WILL BE RE-NEGOTIATED IN AUGUST 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WE NEED EXPLANATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
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/FormAndLineReferenceDesc3Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
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/PrimaryActivitiesTxt0MUNICIPAL GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE CIVIC CENTER PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Irvine
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092623
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
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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