2025-10-30T12:42:35-07:00 2024-12-31 680290029 Schwartz Giannini Lantsberger & Adamson 3461 Brookside Road Suite E Stockton CA 95219 990 2024-01-01 953068902 INNOVATIVE HOUSING OPPORTUNITIES INC INNO 9498639740 501 N GOLDEN CIRCLE DRIVE 100 SANTA ANA CA 92705 ROCHELLE MILLS President & CEO 2025-10-30 true true Philip Lantsberger P00016589 2094741084 2024 2025-03-06 01:10:19Z ROCHELLE MILLS 501 N GOLDEN CIRCLE DRIVE 100 SANTA ANA CA 92705 12283368 false X WWW.IHOCOMMUNITIES.ORG X 1976 CA IHO IS AN AWARD-WINNING NONPROFTI DEVELOPER OF AFFORDABLE, PERMANENT RENTAL, MIXED INCOME,AND MIXED-USE HOUSING COMMUNITIES. 11 11 18 0 1317097 425740 1671022 1998067 32063 116160 9743401 3020182 12283368 0 0 1315067 1577347 0 0 1964324 2111023 3279391 3688370 -259209 8594998 17515982 16568601 2881691 2556110 14634291 14012491 IHO ENRICHES LIVES, STRENGTHENS COMMUNITIES, AND ADVANCE SOCIAL EQUITY BY PROVIDING HIGH-QUALITY AFFORDABLE HOUSING WITH INTEGRATED SUPPORT SERVICES. false false 2768224 1998067 SINCE 1976, INNOVATIVE HOUSING OPPORTUNITIES (IHO) HAS DEVELOPED AND ADVOCATED FOR HIGH-QUALITY, PERMANENT RENTAL HOMES FOR LOW TO MODERATE-INCOME RESIDENTS IN CALIFORNIA. OUR PORTFOLIO INCLUDES AFFORDABLE, MIXED-INCOME, MIXED-POPULATION, AND MIXED-USE HOUSING COMMUNITIES WITH INTEGRATED, HOLISTIC RESIDENT SERVICES AND PROGRAMS THAT ENRICH LIVES, ADVANCE SOCIAL EQUITY AND ACCELERATE THE ECONOMIC SELF-RELIANCE OF FAMILIES, SENIORS, AND SPECIAL NEEDS RESIDENTS. 2768224 true true false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true false false false true 30 0 true 18 true false false false false false false false 0 false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false CA ROCHELLE MILLS 9498639740 501 N GOLDEN CIRCLE DRIVE SANTA ANA CA 92705 ROCHELLE MILLS President & CEO 40.00 0.00 X 239377 0 0 EZRA BOLDS CFO 40.00 0.00 X 175781 0 0 BRANDON MCCALL Chairman 2.00 0.00 X X 0 0 0 ELIZABETH TROMBLEY VICE CHAIRMAN 2.00 0.00 X X 0 0 0 FATHIA MACAULEY Director 2.00 0.00 X 0 0 0 LASHANDA MAZE Director 2.00 0.00 X 0 0 0 MARY WATSON Director 2.00 0.00 X 0 0 0 NANCY MORIKAWA Director 2.00 0.00 X 0 0 0 ROBERT ABBOT Treasurer 2.00 0.00 X X 0 0 0 JASON ACOSTA Director 2.00 0.00 X 0 0 0 LATONYA SMITH Director 2.00 0.00 X 0 0 0 JHAILA BROWN Director 2.00 0.00 X 0 0 0 MANUEL MARTINEZ Director 2.00 0.00 X 0 0 0 415158 2 false true false 0 425740 425740 DEVELOPER FEES 531390 972527 972527 PARTNERSHIP INVESTMENT 531390 731567 731567 PARTNERSHIP MANAGEMENT 531390 118099 118099 PROJECT INTEREST INCOME 531110 166960 166960 RENTAL INCOME 531110 8914 8914 1998067 116160 116160 0 0 0 0 0 0 0 OTHER REVENUE 531390 18504 18504 SALE OF STATE TAX CREDITS 531390 9724897 9724897 9743401 12283368 11741468 116160 X 0 0 0 0 415158 343922 71236 0 945507 783270 162237 0 113097 93691 19406 103585 85811 17774 0 0 0 0 0 0 666427 391636 274791 0 22580 22580 0 0 140600 140600 112956 102403 10553 0 0 32939 32939 0 27868 27868 0 LOSS ON SALE OF VIENTOS 865075 865075 DUES AND SUBSCRIPTIONS 85920 85920 TAXES & INSURANCE 69150 69150 RESIDENT SERVICES 55515 55515 31993 13962 18031 3688370 2768224 920146 0 648679 154036 3325438 3269649 245072 0 1815011 1733308 0 0 8724166 10522115 0 33240 21992 234209 178433 1875157 55776 0 0 0 0 849219 811725 17515982 16568601 955056 355639 1674 63765 1640077 2000000 284884 136706 2881691 2556110 X 14490170 4286981 144121 9725510 14634291 14012491 17515982 16568601 X 8594998 -9216798 X false true X true false X 166273 378160 692349 1317097 425740 2979619 0 0 166273 378160 692349 1317097 425740 2979619 0 2979619 167270 201963 127061 32063 116160 644517 0 16965 16965 3641101 11722964 0.81830 0.71010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 114571 178433 -63862 64100 64100 55538 55538 55776 DUE TO RELATED PARTY 2835 OPERATING LEASE LIABILITIES 133871 136706 X Part X : FIN48 Footnote IHO IS A NON-PROFIT CORPORATION ORGANIZED PURSUANT TO THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF THE CALIFORNIA FRANCHISE TAX CODE. AS SUCH, IHO IS EXEMPT FROM TAXES ON ITS BUSINESS-RELATED INCOME. INCOME TAXES ON THE PARTNERSHIP AND WHOLLY OWNED LLC'S INCOME ARE LEVIED ON THE PARTNERS AND MEMBERS IN THEIR INDIVIDUAL CAPACITY. ACCORDINGLY, ALL PROFITS AND LOSSES OF THE PARTNERSHIP AND WHOLLY OWNED LLCS ARE RECOGNIZED BY EACH PARTNER AND MEMBER ON THEIR RESPECTIVE INCOME TAX RETURN. THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH U.S. GAAP REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX PROVISIONS HAVE MET THE RECOGNITION THRESHHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX PROVISIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED LIABILITIES. FEDERAL AND CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE AND FOUR YEARS, RESPECTIVELY, OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND STATE PURPOSES IS GENEREALLY THREE AND FOUR YEARS, RESPECTIVELY. false false false false false false false false false EZRA BOLDS CFO 175781 175781 ROCHELLE MILLS President & CEO 239377 239377 Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S FORM 990 IS FIRST REVIEWED BY THE ACCOUNTANT FOLLOWED BY THE FINANCE COMMITTEE BEFORE IT IS GIVEN TO THE ORGANIZATION'S GOVERNING BODY FOR APPROVAL. Form 990, Part VI, Section B, Line 12c ON AN ANNUAL BASIS, EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Section B, Line 15a THE PROCESS OF DETERMINING THE CEO SALARY INCLUDES THE USE OF SURVEY FROM THE CENTER FOR NONPROFIT MANAGEMENT, WHICH IS COMPARABLE STUDY OF OTHER NONPROFIT ORGANIZATIONS. THE BOARD MEMBERS SUBSTANTIATE THE DELIVERANCE AND DECISION. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 IMPAIRMENT LOSS FOR INVESTMENTS = -$9216798 Statement Note 1 As the general partner and developer of Harding Street Neighbors, L.P., IHO received California low-income housing tax credits in the form of certificated state low-income housing tax credits. IHO sold the certificate of state housing tax credits to an external investor and received a total of $9,724,897. 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