Irvine Campus Housing Authority
- Assets
- $117.8m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 30
- Location
- Irvine, CA
- Founding
- 02/1984
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Irvine Campus Housing Authority generated $15.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $13.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Sarnecka Board Member | OfficerTrustee | 0.5 | $0 |
Jennifer Aaron Chair Of The Board | OfficerTrustee | 0.5 | $7,200 |
Yong Chen Secretary/treasurer | Trustee | 0.5 | $0 |
Sandra Irani Board Member | Trustee | 0.5 | $0 |
Diane O'dowd Board Member | Trustee | 0.5 | $0 |
Heike Rau Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
California Pacific Homes Home Builder | 6/29/22 | $2,449,121 |
Waste Management Waste Management | 6/29/22 | $174,901 |
O'connell Landscape Maintenance Landscape Maintenance | 6/29/22 | $1,278,041 |
Leonardo Chaidez Tree Services Tree Trimming | 6/29/22 | $214,725 |
The Partners Group Insurance Broker | 6/29/22 | $310,720 |
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 | $15,227,310 |
| Investment income | $74,697 |
| 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 | $15,302,007 |
| 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. | $585,508 |
| Compensation of current officers, directors, key employees. | $121,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,914,161 |
| Pension plan accruals and contributions | $210,331 |
| Other employee benefits | $670,398 |
| Payroll taxes | $171,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,684 |
| Fees for services: Accounting | $54,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,728 |
| Advertising and promotion | $0 |
| Office expenses | $71,687 |
| Information technology | $128,558 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,679,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,651,886 |
| Insurance | $410,531 |
| All other expenses | $107,032 |
| Total functional expenses | $13,287,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $830,573 |
| Savings and temporary cash investments | $19,575,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $506,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,242,459 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $67,303,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,342,189 |
| Total assets | $117,800,167 |
| Accounts payable and accrued expenses | $1,265,263 |
| Grants payable | $0 |
| Deferred revenue | $98,175 |
| 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 | $33,362,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,856,919 |
| Total liabilities | $73,583,308 |
| Net assets without donor restrictions | $44,216,859 |
| 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 | $117,800,167 |