2024-05-10T18:09:50-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 260271058 LANCER EDUCATIONAL HOUSING CORPORATION LANC 9513434211 8432 MAGNOLIA AVE RIVERSIDE CA 92504 MARK HOWE SECRTARY/TREASURER 9513434211 2024-05-09 1 MARK HOWE 999009999 1 DERRICK DEBRUYNE P00591016 6268577300 2024-05-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK HOWE 8432 MAGNOLIA AVE RIVERSIDE CA 92504 27331541 0 X N/A X 2007 CA THE CORPORATION FACILITATES THE EDUCATION AND SUPPORT OF STUDENTS, FACULTY, AND STAFF OF CALIFORNIA BAPTIST UNIVERSITY (CBU) BY PURCHASING HOUSING STOCK AND LEASING IT TO STUDENTS AND TO CBU. 5 3 0 3 0 0 0 0 25708316 26529356 5794 802185 0 0 25714110 27331541 0 0 0 0 0 0 0 0 0 23165042 23379546 23165042 23379546 2549068 3951995 202516837 203973879 186573573 184078620 15943264 19895259 THE CORPORATION FACILITATES THE EDUCATION AND SUPPORT OF STUDENTS, FACULTY, AND STAFF OF CALIFORNIA BAPTIST UNIVERSITY (CBU) BY PURCHASING AND CONSTRUCTING HOUSING STOCK AND LEASING IT TO STUDENTS AND TO CBU. 0 0 22919279 26529356 LANCER EDUCATIONAL HOUSING CORPORATION MAXIMIZES THE EFFICIENT USE OF HOUSING RESOURCES BY LEASING PROPERTY TO CALIFORNIA BAPTIST UNIVERSITY AND FURTHER ACQUIRING, CONSTRUCTING AND OWNING RESIDENTIAL FACILITIES FOR STUDENTS, FACULTY, AND STAFF. 22919279 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 CA X SHELLEY MURLEY 9513434239 8432 MAGNOLIA AVENUE RIVERSIDE CA 92504 RONALD L ELLIS PRESIDENT 0.25 40.00 X X 0 1711545 71374 MARK HOWE SECRETARY/TREASURER 0.25 40.00 X X 0 449764 72522 DR RICK MILLER DIRECTOR 0.25 1.00 X 0 0 0 MATTHEW ALBEE DIRECTOR 0.25 1.00 X 0 0 0 DAVID PEERY DIRECTOR 0.25 1.00 X 0 0 0 0 2161309 143896 0 0 1 0 0 STUDENT HOUSING FEES 900099 22060234 22060234 LEASE INCOME 531120 4469122 4469122 26529356 802185 802185 27331541 26529356 0 802185 X 1086124 1058039 28085 2723488 2723488 8812702 8812702 6408038 6408038 368815 368815 UTILTIES 2175316 2175316 REPAIRS & MAINTENANCE 1741696 1741696 OTHER OPERATING EXPENSE 63367 63367 23379546 22919279 460267 0 22012347 25397964 12724153 12724153 48841 1272455 208229214 43899907 167481496 164329307 250000 250000 202516837 203973879 7761334 8793008 413731 396533 178388980 174879551 9528 9528 186573573 184078620 X 15943264 19895259 15943264 19895259 202516837 203973879 3951995 0 X X 1 X 1 X 1 0 X 20737357 19589609 16648800 25708316 26529356 109213438 20737357 19589609 16648800 25708316 26529356 109213438 0 3777599 3917362 4135628 4131268 4195807 20157664 3777599 3917362 4135628 4131268 4195807 20157664 89055774 428925 360874 1852 5794 802185 1599630 428925 360874 1852 5794 802185 1599630 21166282 19950483 16650652 25714110 27331541 110813068 0.80370 0.79930 0.01440 0.00940 X 198931784 40791343 158140441 9157736 3108564 6049172 139694 139694 164329307 SECURITY DEPOSIT 9528 9528 X 27331541 0 27331541 0 27331541 23379546 0 23379546 0 23379546 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. 0 0 0 0 0 0 0 0 0 RONALD L ELLIS PRESIDENT 0 1231545 0 480000 0 0 0 44900 0 26474 0 1782919 0 0 MARK HOWE SECRETARY/TREASURER 0 449764 0 0 0 0 0 36340 0 36182 0 522286 0 0 A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 13080SAT1 2013-05-08 32275000 CAPITAL IMPROVEMENTS 0 0 0 B CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 13080SNN0 2016-11-17 114589938 REFINANCE CURRENT DEBT AND ACQUIRE STUDENT HOUSING 0 0 0 C CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 13080SWP5 2019-05-29 52754973 CONSTRUCTION AND CAPITAL IMPROVEMENTS 0 0 0 A 5015000 32275000 2284069 645500 28155918 2013 0 0 1 1 B 14760000 114589938 7316000 2379606 36709764 68184568 2018 0 1 1 1 C 840000 52754973 3124084 1055098 48575791 2021 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PART VI, SECTION A, LINE 3 LANCER EDUCATIONAL HOUSING HAS CONTRACTED SERVICES WITH CALIFORNIA BAPTIST UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION CONTRACTS WITH AN OUTSIDE AGENCY TO PREPARE THE RETURN. THE FORM IS REVIEWED AND THE INFORMATION PROVIDED IS VERIFIED BY UNIVERSITY PERSONNEL. A COPY OF THE FORM IS PROVIDED TO THE BOARD OF TRUSTEES ON A SECURE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE OFFICERS AND DIRECTORS SIGN AND AGREE TO A CONFLICT OF INTEREST STATEMENT. THE STATEMENT REQUIRES THE SIGNOR TO AFFIRM THAT THEY HAVE REVIEWED THE POLICY ON CONFLICTS OF INTEREST AND DISCLOSURE OF INTERESTS AND ARE FAMILIAR WITH THE CONTENTS, AND AGREE TO COMPLY WITH SAME. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 13 THE ORGANIZATIN DOES NOT HAVE A WHISTLEBLOWER POLICY BECAUSE IT HAS NO EMPLOYEES. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,593,681. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,593,681. CONTRACTED STUDENT SERVICES: PROGRAM SERVICE EXPENSES 767,756. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 767,756. GROUNDS AND LANDSCAPING SERVICES: PROGRAM SERVICE EXPENSES 362,051. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 362,051. FORM 990 PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LANCER EDUCATIONAL HOUSING LLC 8432 MAGNOLIA AVENUE RIVERSIDE CA 95204 260271058 HOLDING COMPANY CA 24800818 176812181 LANCER EDUCATIONAL HOUSING CORPORATION LANCER PLAZA LLC 8432 MAGNOLIA AVENUE RIVERSIDE CA 95204 371730688 HOLDING COMPANY CA 2530723 27161698 LANCER EDUCATIONAL HOUSING CORPORATION CALIFORNIA BAPTIST UNIVERSITY 8432 MAGNOLIA AVENUE RIVERSIDE CA 95204 951890710 PRIVATE UNIVERSITY CA 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 0 0 0