Orange Housing Development Corporation

“Page 6 we send electronic copies of the form 990 and associated schedules to each board member as an attachment to an electronic mail. Each member is requested to review the documents.”

“Page 6 at the initial meeting each year, the policy is read and each member is requested to sign the conflict of interest policy. The terms of the policy require them to disclose any conflicts.”

“Page 6 the compensation for the ceo is determined by the board of directors. The board reviews data about comparable compensation for similarly qualified persons in comparable posistions, and the board documents its decision.”

“Page 6 documents are available to the public at the corporate office. The documents are in our physical files.”

“Administrative fee: program service expenses 319,611. Management and general expenses 0. Fundraising expenses 0. Total expenses 319,611. Trash removal: program service expenses 206,011. Management and general expenses 0. Fundraising expenses 0. Total expenses 206,011. Property taxes: program service expenses 130,199. Management and general expenses 390. Fundraising expenses 0. Total expenses 130,589. Contract cleaning and supplies: program service expenses 126,751. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,751. Reimbursed payroll taxes & w/c: program service expenses 118,777. Management and general expenses 0. Fundraising expenses 0. Total expenses 118,777. Association fee: program service expenses 81,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,000. Painting: program service expenses 77,223. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,223. Manager's fee: program service expenses 71,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,085. Grounds contract/landscaping: program service expenses 51,032. Management and general expenses 13,291. Fundraising expenses 0. Total expenses 64,323. Insurance-workman's comp: program service expenses 29,984. Management and general expenses 7,496. Fundraising expenses 0. Total expenses 37,480. Taxes - annual llc taxes: program service expenses 0. Management and general expenses 36,100. Fundraising expenses 0. Total expenses 36,100. Janitorial services: program service expenses 26,752. Management and general expenses 2,880. Fundraising expenses 0. Total expenses 29,632. Telephone: program service expenses 19,787. Management and general expenses 3,992. Fundraising expenses 0. Total expenses 23,779. Exterminator: program service expenses 12,103. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,103. Plumbing: program service expenses 12,006. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,006. Pool: program service expenses 6,304. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,304. Agency fee: program service expenses 5,428. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,428. Dues and subscriptions: program service expenses 0. Management and general expenses 5,000. Fundraising expenses 0. Total expenses 5,000. Elevator contract service: program service expenses 4,345. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,345. Security and alarm: program service expenses 3,461. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,461. Bank charges: program service expenses 732. Management and general expenses 0. Fundraising expenses 0. Total expenses 732. Postage: program service expenses 0. Management and general expenses 99. Fundraising expenses 0. Total expenses 99.”

“Page 11 the organization has a promissory note from villa pacifica senior community, llc as a result of a land sale. Section 42 regulates the use of that project as to occupant eligibility and unit gross rent, among other requirements. In addition, the project has executed a declaration of land use-restriction agreement, which requires the utilization of the project as low-income for a minimum of 55 years. The organization also has promissory notes from 840 w. Walnut, lp, 940 minnie lp, and evergreen villas lp, which are also low-income housing limited partnerships. All of these notes are program related. The organization also makes advances to affiliates which are developing and operating low income housing projects. Certain advances are made on an interest-bearing arrangement, while others are considered short-term and non-interest bearing.”

“Page 12 the board has reviewed and accepted the audit report. This process has not changed from the previous year.”

“Section 1.263(a)-1(f) de minimis safe harbor election orange housing development corporation 414 e. Chapman ave orange, ca 92866 employer identification number: 33-0427434 for the year ending june 30, 2025 orange housing development corporation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“Section 1.263(a)-3(h) safe harbor election for small taxpayers orange housing development corporation 414 e. Chapman ave orange, ca 92866 employer identification number: 33-0427434 for the year ending june 30, 2025 orange housing development corporation is making the safe harbor election under reg. Sec. 1.263(a)-3(h) for the following eligible building property(s). Description of eligible property(s): all eligible properties owned by orange housing development corporation”

“Organization elects out of section 168 bonus depreciation for all asset classes for the year ended june 30, 2025.”