Irvine Campus Housing Authority
- Assets
- $90.3m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Irvine, CA
- Founding
- 02/1984
- Data as of
- 06/2021
- EIN
- 33-0007407
Organization Overview
Irvine Campus Housing Authority is located in Irvine, CA. The organization was established in 1984. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Irvine Campus Housing Authority employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irvine Campus Housing Authority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Irvine Campus Housing Authority generated $26.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $22.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE FACULTY AND STAFF HOUSING FOR THE UNIVERSITY OF CALIFORNIA, IRVINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IRVINE CAMPUS HOUSING AUTHORITY DEVELOPS AND MAINTAINS AFFORDABLE HOUSING AND RELATED FACILITIES FOR THE USE OF FACULTY AND STAFF OF THE UNIVERSITY OF CALIFORNIA, IRVINE.
THE IRVINE CAMPUS HOUSING AUTHORITY DEVELOPS AND MAINTAINS AFFORDABLE HOUSING AND RELATED FACILITIES FOR THE USE OF FACULTY AND STAFF OF THE UNIVERSITY OF CALIFORNIA, IRVINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Van Zandt President / CEO | Officer | 40 | $189,451 |
Andrew Herndon Vp, Community Dev. | 40 | $155,522 | |
Elaine Vatakis Vp, Rental Housing | 40 | $131,088 | |
Jennifer Barb Director Of Finance | Officer | 40 | $126,512 |
Karlie George Director Of Sales And Marketing | Officer | 40 | $96,323 |
Gregory Jue Chair Of The Board | OfficerTrustee | 2.5 | $7,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'connell Landscape Maintenance Landscape Maintenance | 6/29/21 | $1,153,913 |
California Pacific Homes Home Builder | 6/29/21 | $7,757,080 |
Willdan Engineering Engineering | 6/29/21 | $227,223 |
The Partners Group Insurance Broker | 6/29/21 | $250,975 |
California Pacific Homes Home Builder | 6/29/21 | $7,757,080 |
The Partners Group Insurance Broker | 6/29/21 | $250,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $26,529,335 |
| Investment income | $145,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,674,526 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $556,760 |
| Compensation of current officers, directors, key employees. | $117,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,668,472 |
| Pension plan accruals and contributions | $201,638 |
| Other employee benefits | $561,173 |
| Payroll taxes | $156,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,587 |
| Fees for services: Accounting | $62,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $223,119 |
| Advertising and promotion | $0 |
| Office expenses | $55,395 |
| Information technology | $123,535 |
| Royalties | $0 |
| Occupancy | $19,302 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,773,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,632,772 |
| Insurance | $372,074 |
| All other expenses | $0 |
| Total functional expenses | $21,963,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,802 |
| Savings and temporary cash investments | $19,494,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $891,091 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $68,932,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $338,226 |
| Total assets | $90,291,490 |
| Accounts payable and accrued expenses | $1,285,361 |
| Grants payable | $0 |
| Deferred revenue | $98,178 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $44,789,376 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,483,679 |
| Total liabilities | $47,656,594 |
| Net assets without donor restrictions | $42,634,896 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,291,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Jewish Home And Senior Living Foundation San Francisco, CA | $68,076,852 | $10,222,778 |
Destination Home Sv Mountain View, CA | $71,636,859 | $46,349,546 |
Montecedro Inc Monrovia, CA | $191,107,434 | $25,965,819 |
Irvine Campus Housing Authority Irvine, CA | $90,291,490 | $26,674,526 |
Jewish Senior Living Group San Francisco, CA | $2,756,319 | $9,175,842 |
Mmm East Inc San Francisco, CA | $118,949,023 | $7,931,673 |
Covia Foundation Glendale, CA | $0 | $7,791,148 |
Housing Promise Corporation Los Angeles, CA | $717,273 | $717,273 |
Claremont Investment Management Company Claremont, CA | $1,000 | $4,500,473 |
Bridge Community Impact San Francisco, CA | $8,316,284 | $4,579,229 |
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |
Bethany Center Foundation Of San Francisco Walnut Creek, CA | $0 | $0 |