2023-11-11T20:36:46-06:00 2022-12-31 946214841 ARMANINO LLP 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2022-01-01 912157935 CAR HOUSING AFFORDABILITY FUND CARH 2137398200 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 IQBAL BHOLAT TREASURER 2137398200 2023-11-10 1 IQBAL BHOLAT 999009999 0 MATTHEW PETROSKI P00853132 3104784148 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAROL M LUCKENBACH 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 509702 0 X WWW.CAR.ORG X 2001 CA RAISE AND DISTRIBUTE FUNDS AND PARTNER WITH OTHER GROUPS TO PROMOTE HOUSING AND HOMEOWNERSHIP. 17 14 0 39 0 0 1418378 438255 0 0 107158 51874 0 0 1525536 490129 608755 1149999 0 0 0 0 0 0 0 154555 155284 763310 1305283 762226 -815154 2683716 1619380 110320 104560 2573396 1514820 X THE CALIFORNIA ASSOCIATION OF REALTORS HOUSING AFFORDABILITY FUND PLAYS AN ACTIVE ROLE IN ADDRESSING THE ONGOING HOUSING AFFORDABILITY CRISIS FACING OUR STATE. THE FUND WILL RAISE AND DISTRIBUTE FUNDS AND PARTNER WITH OTHER GROUPS TO PROMOTE HOUSING AND HOMEOWNERSHIP. 0 0 1149999 1149999 THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,149,999 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES AND PROVIDE CLOSING COSTS ASSISTANCE TO QUALIFIED FIRST-TIME CALIFORNIA HOMEBUYERS.GRANTS TO ORGANIZATIONS=====================DURING 2022, C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $150,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES.GRANTS TO INDIVIDUALS=====================DURING 2022, C.A.R.'S CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $999,999 TO HELP FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. 1149999 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X IQBAL BHOLAT 2137398200 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 CAROL M LUCKENBACH CHAIR 2.50 X X 0 0 0 DENISE G WELSH VICE CHAIR 2.50 X X 0 3100 0 MELISSA B CHELIUS VICE CHAIR 2.50 X X 0 0 0 SHAUNA LOVE ASSN. EXEC. (VOTING) 2.50 X 0 0 0 BETH A FLURE MEMBER 2.50 X 0 0 0 CHUCK LINN MEMBER 2.50 X 0 0 0 DAVID KERR MEMBER 2.50 X 0 0 0 DEBORAH L GIOMETTI MEMBER 2.50 X 0 0 0 DITAS YAMANE MEMBER 2.50 X 0 0 0 GREG CARLSTED MEMBER 2.50 X 0 0 0 JUDITH MYERS MEMBER 2.50 X 0 6000 0 KEVIN BIRMINGHAM MEMBER 2.50 X 0 0 0 LEHEL SZUCS MEMBER 2.50 X 0 0 0 MICHAEL DELEON MEMBER 2.50 X 0 0 0 NILA ALVIDREZ MEMBER 2.50 X 0 0 0 SHARON BARRON MEMBER 2.50 X 0 3100 0 THERA OLSON MEMBER 2.50 X 0 0 0 0 12200 0 0 0 0 0 CALIFORNIA ASSOCIATION OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 MANAGEMENT SERVICES 145000 1 438255 438255 47752 47752 23695 19573 4122 4122 4122 490129 0 0 51874 1149999 1149999 145000 145000 2814 2814 BANK CHARGES 7270 7270 LICENSES AND FEES 200 200 1305283 1149999 155284 0 1039794 169830 1643912 1449550 10 0 2683716 1619380 110320 104550 0 10 110320 104560 X 2573396 1514820 2573396 1514820 2683716 1619380 -815154 -243422 0 X 0 1 X 1 0 X X 1 CALIFORNIA ASSOCIATION OF REALTORS 950594790 10 1 1149999 0 1 1149999 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 3B THE SUPPORTED ORGANIZATION, CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.), IS A SECTION 501(C)(6) ORGANIZATION, WHICH ANNUALLY PERFORMS A PRO FORMA SCHEDULE A, PART III, SECTION 509(A)(2) PUBLIC SUPPORT TEST. C.A.R. LAST PERFORMED THIS CALCULATION FOR THE 2021 TAX YEAR AND MET THE SECTION 509(A)(2) PUBLIC SUPPORT TEST. SCHEDULE A, PART IV, SECTION 1, LINE 3C THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,149,999 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES AND PROVIDE CLOSING COSTS ASSISTANCE TO QUALIFIED FIRST-TIME CALIFORNIA HOMEBUYERS. GRANTS TO ORGANIZATIONS ===================== C.A.R. HOUSING AFFORDABILITY FUND MAKES GRANTS TOTALING $150,000 TO VARIOUS LOCAL ASSOCIATIONS OF REALTORS IN THE STATE OF CALIFORNIA. THESE GRANTS ARE FOR PUTTING ON HOME OWNERSHIP WORKSHOPS, FIRST-TIME HOMEOWNER HOME BUYING ASSISTANCE AND EDUCATION PROGRAMS, AND A LOW-WAGE FIRST-TIME HOME OWNERSHIP MATCHING PROGRAM. THE ORGANIZATION AND THE LOCAL ASSOCIATIONS ARE RESPONSIBLE FOR ESTABLISHING CRITERIA, SELECTING ELIGIBLE PARTICIPANTS, AND REPORTING THE SUCCESS AND OUTCOMES TO C.A.R. HOUSING AFFORDABILITY FUND IN WRITTEN REPORTS. GRANTS TO INDIVIDUALS (PASS THROUGH LOCAL 501(C)(3) ORGANIZATIONS) ===================== DURING 2022, C.A.R.'S CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED A TOTAL OF $999,999 TO HELP FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. SCHEDULE A, PART IV, SECTION A, LINE 2 THE SUPPORTED ORGANIZATION, CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.), IS A SECTION 501(C)(6) ORGANIZATION, WHICH ANNUALLY PERFORMS A PRO FORMA SCHEDULE A, PART III, SECTION 509(A)(2) PUBLIC SUPPORT TEST. C.A.R. LAST PERFORMED THIS CALCULATION FOR THE 2021 TAX YEAR AND MET THE SECTION 509(A)(2) PUBLIC SUPPORT TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTIES 10 10 1 LODI ASSOCIATION OF REALTORS 77 S HAM LN B LODI CA 95242 941387100 501(C)(6) 50000 0 PROGRAM THAT WILL AWARD $1,000 AFTER CLOSE OF ESCROW TO INDIVIDUALS WHO QUALIFY AS A HERO. AIMED AT OUR MILITARY, VETERANS, POLICE, FIREFIGHTERS, DOCTORS, NURSES, EMT-EMS, AND EDUCATORS. CENTRAL VALLEY ASSOCIATION OF REALTORS 531 E YOSEMITE AVE MANTECA CA 95336 941196334 501(C)(6) 50000 0 PROGRAM THAT WILL OFFER FIFTY $1,000 GRANTS IN CLOSING COSTS TO FIRST TIME HOMEBUYERS WHO ARE TEACHERS OR FIRST RESPONDERS WHEN THEY PURCHASE A HOME IN THE STANISLAUS AND SAN JOAQUIN CONEJO SIMI MOORPARK ASSOCIATION OF REALTORS 463 PENNSFIELD PLACE SUITE 100 THOUSAND OAKS CA 91360 271255355 501(C)(6) 50000 0 A PROGRAM TO OFFER $2,500 GRANTS TO 40 QUALIFIED FIRST-TIME HOMEBUYERS (AFTER CLOSING ESCROW ON THEIR PURCHASED A QUALIFIED PROPERTY) NEIGHBORHOOD PARTNERSHIP HOUSING SERVICE 9551 PITTSBURGH AVENUE RANCHO CUCAMONGA CA 91730 330435536 501(C)(3) 333333 0 THE PATHWAY TO HOMEOWNERSHIP CLOSING COST ASSISTANCE GRANT PROGRAMHELPS FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO$10,000IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. NHS NEIGHBORHOOD LENDING SERVICE 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 954646850 501(C)(3) 333333 0 THE PATHWAY TO HOMEOWNERSHIP CLOSING COST ASSISTANCE GRANT PROGRAMHELPS FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO$10,000IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. RICHMOND NEIGHBORHOOD HOUSING 12972 SAN PABLO AVENUE RICHMOND CA 94805 942791683 501(C)(3) 333333 0 THE PATHWAY TO HOMEOWNERSHIP CLOSING COST ASSISTANCE GRANT PROGRAMHELPS FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO$10,000IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. 3 3 PART I, LINE 2: THE HOUSING AFFORDABILITY FUND REQUIRES GRANT RECIPIENTS AND LOCAL ASSOCIATIONS PROVIDE SCHEDULED STATUS REPORTS ON THE FUNDED PROGRAMS. THIS IS PART OF THE ONGOING EFFORT TO MONITOR AND IMPROVE THE EFFECTIVENESS OF THE GRANT PROGRAM. FAILURE TO SUBMIT THIS REPORTS WILL RESULT IN FUTURE INELIGIBILITY TO RECEIVE GRANTS FROM THE ENTITY. THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,149,999 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES AND PROVIDE CLOSING COSTS ASSISTANCE TO QUALIFIED FIRST-TIME CALIFORNIA HOMEBUYERS. GRANTS TO ORGANIZATIONS ===================== C.A.R. HOUSING AFFORDABILITY FUND MAKES GRANTS TOTALING $150,000 TO VARIOUS LOCAL ASSOCIATIONS OF REALTORS IN THE STATE OF CALIFORNIA. THESE GRANTS ARE FOR PUTTING ON HOME OWNERSHIP WORKSHOPS, FIRST-TIME HOMEOWNER HOME BUYING ASSISTANCE AND EDUCATION PROGRAMS, AND A LOW-WAGE FIRST-TIME HOME OWNERSHIP MATCHING PROGRAM. THE ORGANIZATION AND THE LOCAL ASSOCIATIONS ARE RESPONSIBLE FOR ESTABLISHING CRITERIA, SELECTING ELIGIBLE PARTICIPANTS, AND REPORTING THE SUCCESS AND OUTCOMES TO C.A.R. HOUSING AFFORDABILITY FUND IN WRITTEN REPORTS. GRANTS TO INDIVIDUALS (PASS THROUGH LOCAL 501(C)(3) ORGANIZATIONS) ===================== DURING 2022, C.A.R.'S CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED A TOTAL OF $999,999 TO HELP FIRST-TIME HOMEBUYERS WHO ARE MEMBERS OF AN "UNDERSERVED COMMUNITY" BRIDGE THE AFFORDABILITY GAP BY PROVIDING THEM WITH UP TO $10,000 IN CLOSING COST ASSISTANCE. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CA REALTOR. FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - MANAGEMENT OF THIS ORGANIZATION IS PROVIDED BY CALIFORNIA ASSOCIATION OF REALTORS, IN EXCHANGE FOR PAYMENT OF $145,000, AS DISCLOSED ON PART IX, LINE 11A AND SCHEDULE R, PART V, LINES 1M AND 2(1). THIS ORGANIZATION ALSO USES THE OFFICE SPACE AND EQUIPMENT OF CALIFORNIA ASSOCIATION OF REALTORS FOR NO ADDITIONAL CHARGE, AS INDICATED ON SCHEDULE R, PART V, LINE 1N. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA, REVIEWED AND APPROVED BY MANAGEMENT, AND REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE SUBJECT TO AN ONGOING CONFLICT OF INTEREST POLICY, AS ARE ALL OFFICERS AND DIRECTORS. THE CONFLICT OF INTEREST POLICY IS IN THE PROGRAM DISTRIBUTED TO ALL DIRECTORS AND COMMITTEE MEMBERS, WHO ARE ALL REQUIRED TO EXECUTE ANNUAL CONFLICT STATEMENTS. DIRECTORS RECUSE THEMSELVES FROM VOTING ON ANY ISSUE IN WHICH A CONFLICT OF INTEREST MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THIS ORGANIZATION HAS NO COMPENSATION, THUS NO EXECUTIVE COMPENSATION REVIEW AND APPROVAL POLICY IS MAINTAINED AT THIS TIME. FORM 990, PART VI, SECTION C, LINE 19 FORMS 990 AND 1023 ARE AVAILABLE UPON REQUEST. FORM 990 ALSO BECOMES AVAILABLE UPON THE INTERNET AT GUIDESTAR.ORG. CALIFORNIA ASSOCIATION OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 950594790 BUSINESS LEAGUE OF CA REALTORS CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CAR EDUCATION FOUNDATION 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 202696963 PUBLIC CHARITY MAKING EDUCATION GRANTS CA 501(C)(3) LINE 12A, I CALIFORNIA ASSOCIATION OF REALTORS 0 CAR SCHOLARSHIP FOUNDATION 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 237230340 PUBLIC CHARITY AWARDING SCHOLARSHIPS CA 501(C)(3) LINE 7 CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIANS FOR HOMEOWNERSHIP INC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 825266231 PUBLIC CHARITY ADVOCATING HOMEOWNERSHIP CA 501(C)(3) LINE 12A, I CALIFORNIA ASSOCIATION OF REALTORS 0 HOMEOWNERSHIP FOR FAMILIES AND TAX SAVINGS FOR SENIORS 1121 L STREET STE 600 SACRAMENTO CA 95814 823407945 PROMOTE AFFORDABLE HOUSING THROUGH FAIR TAX POLICY CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CAR ISSUES MOBILIZATION PAC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 954167538 POLITICAL ACTION COMMITTEE CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIA REAL ESTATE PAC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 956485939 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIA REAL ESTATE PAC - C A R 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 464472410 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 CA INDEPENDENT EXPENDITURE PAC - C A R 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 464464088 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 REAL ESTATE BUSINESS TECHNOLOGIES INC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 954642567 REALTOR SOFTWARE CA N/A C 0 CALIFORNIA REAL ESTATE ASSOCIATION INC 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 REALTOR SERVICES CA N/A C 0 CAR CO CALIFORNIA ASSOC OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 NAME PROTECTION CA N/A C 0 FINOM 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 462463419 REAL ESTATE PRODUCTS CA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 CALIFORNIA ASSOCIATION OF REALTORS M 145000 BOOK VALUE