Orange County Community Housing Corp

“Committees do not have authority to act in behalf of the board of directors. All recommendations approved by the board of directors are documented in their minutes.”

“Form 990 is reviewed with the executive director and the board of directors receive it prior to its filing with the internal revenue service.”

“The conflict of interest policy calls for disclosure of conflict of interest on appointment of new directors or hiring of new employees, at the time a conflict arises and, annually at the january board meeting.”

“The organization has a compensation committee that reviews form 990 of other nonprofit organizations providing affordable housing, and submits its recommendations to the board of directors for approval.”

“The executive director reviews the salaries of officers and key employees on an annual basis and considers amounts paid by other nonprofit organizations, and the individual's accomplishments and responsibilities.”

“Governing documents, policies,financial statements and form 990 are on the organization's website for viewing by the public.”

“84 new ethic llc expenses = $31807”

“84 new ethic llc expenses = -$53011”

“ENDOWMENT FEES = -$11478”

“Form 990-t expenses = $5254”

“Heritage fields pfihp note contribution = $44007”

“Minority interest distribution = -$0”

“Minority interest-interest income = $15856”

“Minority interest-land lease rent = $15714”

“Minority interest-residual receipt rent = $14784”

“Occhc management fee = $14400”

“ROUNDING = $0”

“The following entity was involved in the building of 84 units of afforable housing at the great park in irvine, califorina:84 new ethic llcorange county community housing corporation (occhc) is a 60% member. The other two members are also 501(c)(3) organizations.in 2024 the llc earned the following:land lease hard rent 39,286residual receipt rent-taxable 36,959reported on part vii-statement of revenue hard rent residual receipt rent occhc (60%) 23,572 22,175 minority interest (40%) 15,714 14,784 ------ ------ 39,286 36,959 ====== ====== per publication 598, "an exempt organization isn't taxed on its income from an activity substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. Such income is exempt even if the activity is a trade or business".the rental income from 84 new ethic llc is from paramount family irvine housing partners, l.p.that provides low income housing which is the mission of occhc and the funds that are received are used to maintain existing low income housing or to acquire more housing.occhc paramount llcocchc is a single member of the llcthe llc is the managing general partner of paramount family irvine housing partners, l.p. See schedule r.reported on statement of revenuemanagement fee 30,750paramount family irvine housing partners, l.p. Constructed and manages the 84 units at the great park. See schedule r.”

“Families housed by OCCHC/SteppingUP are extremely low income and struggling to make ends meet. The combination of affordable housing and free educational services through SteppingUP provides economic empowerment for the entire family and a direct path from homelessness to homeownership.In 2024, OCCHC/SteppingUP marked its 47th year in service providing safe and affordable housing to 334 families in need. It served 3,412 individuals working to step up to self-sufficiency through affordable housing and education. OCCHC/SteppingUP assisted in providing a safe, affordable home and continued to house those facing homelessness while connecting families to resources in need and free program services needed to continue on a path to self-sufficiency.SteppingUP assisted in transitioning families coming from motels, shelters and substandard living to our affordable housing beginning their path to self-sufficiency. SteppingUPs Homeownership component educated 982 at-risk individuals, also providing 526 one-on-one counseling appointments focused on budgeting, credit counseling, and financial literacy. Over 49 free bilingual workshops focused on economic security and homeownership with 8 families becoming first-time homeowners celebrating 109 homeowners to date marking our 6th year as a HUD approved agency.SteppingUPs CAP Program maintained its commitment to reducing the high school dropout rate in Orange County for 18 years; encouraging higher education for at-risk youth since 2006. The program grew from serving 26 students to serving 657 with 217 parents joining CAP's PADRE component. 30 high school seniors graduated with 100% stepping up to higher education. CAP celebrates 141 alumni who have graduated college & entered the workforce.”

“Other investmentsclearinghouse community development financial institution 53,000paramount paramount family irvine housing partners, l.p. (121) ------ total 52,879 ======”

“FORM 990-T501 N. Golden Circle DriveIN 2022 OVER 85% OF THE BUILDING WAS OCCUPIED BY NONPROFIT ORGANIZATIONS THERFORE RENT RECEIVED IS TAX EXEMPT.”