2025-05-15T15:30:38-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2023-07-01 260271058 LANCER EDUCATIONAL HOUSING CORPORATION LANC 9513434211 8432 MAGNOLIA AVE RIVERSIDE CA 92504 MARK HOWE SECRTARY/TREASURER 9513434211 2025-05-15 1 1 SARAH HINTZ P00492291 3037795710 2025-05-15 2023 2025-03-06 01:10:19Z MARK HOWE 8432 MAGNOLIA AVE RIVERSIDE CA 92504 27933482 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 26529356 26675395 802185 1252022 0 6065 27331541 27933482 0 2000000 0 0 0 0 0 0 0 23379546 25314943 23379546 27314943 3951995 618539 203973879 203897029 184078620 183383231 19895259 20513798 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 26306756 2000000 26675395 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. 26306756 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 1 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 AVE RIVERSIDE CA 92504 RONALD L ELLIS PRESIDENT 0.25 40.00 X X 0 1788009 125837 MARK HOWE SECRETARY/TREASURER 0.25 40.00 X X 0 501021 78199 MATTHEW ALBEE DIRECTOR 0.25 0.00 X 0 0 0 DR RICK MILLER DIRECTOR 0.25 0.00 X 0 0 0 DAVID PEERY DIRECTOR 0.25 0.00 X 0 0 0 0 2289030 204036 0 0 1 0 0 STUDENT HOUSING FEES 900099 22153436 22153436 LEASE INCOME 531120 4521959 4521959 26675395 1252022 1252022 OTHER REVENUE 900099 6065 6065 6065 27933482 26675395 0 1258087 X 2000000 2000000 1815903 1595981 219922 3095938 3095938 8676810 8676810 6692079 6692079 698243 698243 UTILITIES 2184973 2184973 REPAIRS & MAINTENANCE 2060975 2060975 OTHER OPERATING EXPENSE 90022 90022 27314943 26306756 1008187 0 25397964 27006626 12724153 12724153 1272455 3426377 211081859 50591986 164329307 160489873 250000 250000 203973879 203897029 8793008 11836345 396533 401754 174879551 171135604 9528 9528 184078620 183383231 X 19895259 20513798 19895259 20513798 203973879 203897029 618539 0 X X 0 1 X 1 0 X 19589609 16648800 25708316 26529356 26675395 115151476 19589609 16648800 25708316 26529356 26675395 115151476 0 3917362 4135628 4131268 4195807 4242685 20622750 3917362 4135628 4131268 4195807 4242685 20622750 94528726 360874 1852 5794 802185 1252022 2422727 360874 1852 5794 802185 1252022 2422727 19950483 16650652 25714110 27331541 27927417 117574203 0.80400 0.80370 0.02060 0.01440 X 200114011 46513988 153600023 10529544 4077998 6451546 438304 438304 160489873 SECURITY DEPOSIT 9528 9528 X 27933482 0 27933482 0 27933482 27314943 0 27314943 0 27314943 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 CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. 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. 1 CALIFORNIA BAPTIST UNIVERSITY 8432 MAGNOLIA AVENUE RIVERSIDE CA 92504 951890710 501(C)(3) 2000000 0 N/A N/A GENERAL SUPPORT 1 0 PART I, LINE 2: GENERAL SUPPORT TO CALIFORNIA BAPTIST UNIVERSITY PURSUANT TO LANCER ECUCATIONAL HOUSING CORPORATION'S ARTICLES OF INCORPORATION. 0 0 0 0 0 0 0 0 0 RONALD L ELLIS PRESIDENT 0 1438009 0 350000 0 0 0 48900 0 76937 0 1913846 0 0 MARK HOWE SECRETARY/TREASURER 0 486021 0 15000 0 0 0 38722 0 39477 0 579220 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 5725000 32275000 2284069 645500 12816449 16528982 2013 0 0 1 1 B 17210000 114589938 7316000 2291798 36709764 68184568 2018 0 1 1 1 C 1440000 52754973 3124084 1055098 48575791 2021 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/25/2024 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 1,796,697. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,796,697. CONTRACTED STUDENT SERVICES: PROGRAM SERVICE EXPENSES 766,791. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 766,791. GROUNDS AND LANDSCAPING SERVICES: PROGRAM SERVICE EXPENSES 532,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 532,450. FORM 990 PART XII LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. LANCER EDUCATIONAL HOUSING LLC 8432 MAGNOLIA AVENUE RIVERSIDE CA 95204 260271058 HOLDING COMPANY CA 25320758 178358315 LANCER EDUCATIONAL HOUSING CORPORATION LANCER PLAZA LLC 8432 MAGNOLIA AVENUE RIVERSIDE CA 95204 371730688 HOLDING COMPANY CA 2612724 26765719 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 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 0 0 0