Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
“Raman nayar and ajay nayar are father-son relattionship.”
990 • Fiscal year 2018 • EIN 33-0489568
Scores are not available for this record yet.
Assets
Flat$1,745,728
Flat from 2018
Net Assets
Flat$1,391,134
Flat from 2018
Liabilities
Flat$354,594
Flat from 2018
Revenue
Flat$386,248
Flat from 2018
Expenses
Flat$418,546
Flat from 2018
Net Income
Flat-$32,298
Flat from 2018
Affordable housing clearinghouse is a california not-for-profit organization, consisting of a network of lending institutions dedicated to providing affordable housing in southern california, for low to moderate income individuals through (a) providing home buyers education and credit counseling; (b) reviewing and compiling loan applications as well as coordinating loan applicants with lenders; (c) acquiring, rehabilitating or constructing and reselling affordable housing; and (d) owning and managing low-income permanent housing.
SEE SCHEDULE O
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,020,219 | $970,984 | ▼ $49,235 |
| Land, Buildings, and Equipment, Net | $272,827 | $477,015 | ▲ $204,188 |
| Savings and Temporary Cash Investments | $46,329 | $297,729 | ▲ $251,400 |
| Investments Program Related | $217,362 | $0 | ▼ $217,362 |
| Accounts Receivable | $600 | $0 | ▼ $600 |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $1,557,337 | $1,745,728 | ▲ $188,391 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Other Liabilities | $116,133 | $340,463 | ▲ $224,330 |
| Accounts Payable and Accrued Expenses | $17,772 | $14,131 | ▼ $3,641 |
| Total Liabilities | $133,905 | $354,594 | ▲ $220,689 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,183,705 | $1,391,134 | ▲ $207,429 |
| Temporarily Rstr Net Assets | $239,727 | - | - |
| Total Net Assets Fund Balance | $1,423,432 | $1,391,134 | ▼ $32,298 |
| Total Liabilities and Net Assets / Fund Balance | $1,557,337 | $1,745,728 | ▲ $188,391 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $420,986 | $112,377 | - |
| Other Land Buildings | $56,029 | $9,814 | - |
| Equipment | - | $16,249 | - |
| Leasehold Improvements | - | $6,279 | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Brenda J Rodriguez | Executive Director | FT | $144,944 | $144,944 |
| Name | Title |
|---|---|
| David Levy | President |
| Gary Dunn | Vice President |
| Ajay Nayar | Director |
| Alan Woo | Director |
| Douglas Bystry | Director |
| Gerald Turner | Director |
| Jose R Lopez | Director |
| Larry Christian | Director |
| Matt Gediman | Director |
| Raman Nayar | Director |
| Sandra Speed | Director |
| Elsa Monte | Secretary |
| Kandy Hung | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $267,762 |
| Other Expenses | $150,784 |
| Total Fundraising Expense | $15,681 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $125,256 | $11,394 | $8,294 | $144,944 |
| Other Salaries and Wages | $86,851 | $7,901 | $5,750 | $100,502 |
| Depreciation Depletion | $23,148 | - | - | $23,148 |
| Payroll Taxes | $16,759 | $1,524 | $1,110 | $19,393 |
| Fees for Services Accounting | $14,832 | $2,618 | - | $17,450 |
| All Other Expenses | $9,427 | $5,051 | $329 | $14,807 |
| Occupancy | $11,170 | $1,756 | - | $12,926 |
| Fees for Services Other | - | $9,381 | - | $9,381 |
| Advertising | $9,207 | - | - | $9,207 |
| Insurance | $5,898 | - | - | $5,898 |
| Other Expenses | $2,844 | $2,844 | - | $5,688 |
| Travel | $3,573 | $198 | $198 | $3,969 |
| Office Expenses | $2,720 | $600 | - | $3,320 |
| Other Employee Benefits | $2,923 | - | - | $2,923 |
| Interest | $112 | - | - | $112 |
| Total Functional Expenses | $345,600 | $57,265 | $15,681 | $418,546 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| note payable - city of long beach | $340,463 |
“Raman nayar and ajay nayar are father-son relattionship.”
“Affordable housing clearinghouse has a finance committee responsible for reviewing budget, financials, audits and tax returns. As such once they are reviewed, the executive director distributes and presents them to the full board of directors prior to signing. Once the audit is drafted it is also reviewed and the full board acts as audit committee, makes recommendations and the executive director signs.”
“On an annual basis officers, directors or trustees, and key employees are given a form to complete regarding conflict of interest.”
“On an annual basis a performance review of the executive director is conducted by the human resource committee. This committee consists of the vice president and one other director. The committee uses a form to evaluate the executive directors performance and set compensation.”
“The governing documents, conflict of interest policy, tax filings, and financial statements are available during board meetings, on the guidestar website and upon request.”
“Affordable housing clearinghouse is a california not-for-profit organization, consisting of a network of lending institutions dedicated to providing affordable housing in southern california, for low-to-moderate income individuals through (a) providing homebuyers education and credit counseling; (b) reviewing and compiling loan applications, as well as coordinating loan applicants with lenders; (c) acquiring rehabilitating or constructing, and reselling affordable housing; and (d) owning and managing low-income permanent rental housing. The organization obtains membership contributions from its network of lending institutions on a voluntary basis.”
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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|---|---|---|
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| IRS990/Desc | 0 | PROVIDED PERMANENT LOW INCOME HOUSING |
| IRS990/DescribedInSection501c3Ind | 0 | true |
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| IRS990/DistributionToDonorInd | 0 | false |
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| IRS990/ElectionOfBoardMembersInd | 0 | false |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
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| IRS990/EscrowAccountInd | 0 | false |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KANDY HUNG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DOUGLAS BYSTRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MATT GEDIMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | LARRY CHRISTIAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | AJAY NAYAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Raman Nayar |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Executive Dir. |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GovernmentGrantsAmt | 0 | 15000 |
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| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
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| IRS990/InterestGrp/TotalAmt | 0 | 112 |
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| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
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| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 144719 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 272827 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 477015 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 621734 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 106540 |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | AFFORDABLE HOUSING CLEARINGHOUSE IS A CALIFORNIA NOT-FOR-PROFIT ORGANIZATION, CONSISTING OF A NETWORK OF LENDING INSTITUTIONS DEDICATED TO PROVIDING AFFORDABLE HOUSING IN SOUTHERN CALIFORNIA, FOR LOW TO MODERATE INCOME INDIVIDUALS THROUGH (A) PROVIDING HOME BUYERS EDUCATION AND CREDIT COUNSELING; (B) REVIEWING AND COMPILING LOAN APPLICATIONS AS WELL AS COORDINATING LOAN APPLICANTS WITH LENDERS; (C) ACQUIRING, REHABILITATING OR CONSTRUCTING AND RESELLING AFFORDABLE HOUSING; AND (D) OWNING AND MANAGING LOW-INCOME PERMANENT HOUSING. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1423432 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1391134 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -106540 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -106540 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 1756 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 11170 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 12926 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 600 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2720 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3320 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 2923 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 2923 |
| IRS990/OtherExpensesGrp/Desc | 0 | DAISY PROPERTY EXP |
| IRS990/OtherExpensesGrp/Desc | 1 | HEALTH INSURANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 3 | TELEPHONE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 11262 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2736 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 2844 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 19268 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 7508 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4104 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2844 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 19268 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 18770 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6840 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5688 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 116133 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 340463 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 5750 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 7901 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 86851 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 100502 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1110 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1524 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 16759 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 19393 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531390 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | AFFORDABLE HSG RENT |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PROGRAM FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 72614 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 31216 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 72614 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 31216 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDE COMPREHENSIVE HOUSING COUNSELING |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1099 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 15000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 325010 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 478 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 119130 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 144662 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 105644 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 245376 |
| IRS990/PYTotalExpensesAmt | 0 | 364506 |
| IRS990/PYTotalRevenueAmt | 0 | 470150 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -32298 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 103830 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 46329 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 297729 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 385625 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 325010 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 415756 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 176481 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 212734 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1515606 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 3333 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 478 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3313 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 971 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1960 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 10055 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.47450 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.49870 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 723881 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 791725 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 385625 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 325010 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 415756 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 176481 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 212734 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.