2025-11-17T16:39:50-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 1255 TREAT BLVD SUITE 410 WALNUT CREEK CA 94597 990 2024-01-01 330702994 SOUTHERN CALIFORNIA HOUSING DEVELOPMENT CORPORATION OF RANCHO CUCAMONGA SOUT 9094832444 9692 HAVEN AVENUE STE 100 RANCHO CUCAMONGA CA 91370 SONNY KIM VP CONTROLLER 9094832444 2025-11-17 1 1 PAUL CHARRON P01086641 9259494300 2024 2025-03-06 01:10:19Z SONNY KIM 9692 HAVEN AVE STE 100 RANCHO CUCAMONGA CA 91730 14218314 0 X WWW.NATIONALCORE.ORG X 1996 CA PROVIDING AFFORDABLE RENTAL HOUSING THAT EMPOWERS LOW-INCOME RESIDENTS AND CHANGES COMMUNITIES. 8 7 0 0 0 0 100506 774225 13018213 12998561 58059 86240 392511 359288 13569289 14218314 0 0 0 0 1533195 1569092 0 0 0 13278986 12922435 14812181 14491527 -1242892 -273213 44026071 41947092 4666774 3296033 39359297 38651059 TO PROVIDE AWARD-WINNING HOUSING PAIRED WITH BEST-PRACTICE SOCIAL SERVICE PROGRAMS TAILORED TO HELP FAMILIES MOVE TOWARD SELF-SUFFICIENCY AND ULTIMATELY TO HOME OWNERSHIP. 0 0 9421555 13357849 IMPROVING THE QUALITY OF LIFE FOR LOW-INCOME FAMILIES BY STABILIZING AND REVITALIZING NEIGHBORHOODS VIA ACQUISITION, RENOVATION, AND MANAGEMENT OF THREE AFFORDABLE HOUSING DEVELOPMENTS IN RANCHO CUCAMONGA, CALIFORNIA. 9421555 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X SONNY KIM 9094832444 9692 HAVEN AVENUE SUITE 100 RANCHO CUCAMONGA CA 91730 X ARMANDO BUCELO JR ESQ BOARD MEMBER 1.00 X 0 0 0 GAVIN MICHAEL CLINGHAM BOARD MEMBER 1.00 X 0 0 0 LAWRENCE VAN NOY BOARD MEMBER 1.00 X 0 0 0 LAURA KURTZ KUHNS BOARD MEMBER 1.00 X 0 0 0 STEPHEN G LARSON BOARD MEMBER 1.00 X 0 0 0 JEFFREY BURUM INTERIM CEO, BOARD CHAIR 1.00 X X 0 0 0 RAYMOND CREBS BOARD MEMBER 1.00 X 0 0 0 ALAN MOLLOHAN BOARD MEMBER 1.00 X 0 0 0 ROBERT DIAZ EXECUTIVE VP/SECRETARY/GEN COUNSEL 0.76 39.24 X 0 336438 13750 MICHAEL FINN CHIEF FINANCIAL OFFICER 0.92 39.08 X 0 245644 13750 MICHAEL RUANE EXECUTIVE VICE PRESIDENT 0.92 39.08 X 0 253192 13750 DORETTA BRYAN ASSISTANT SECRETARY 1.64 38.36 X 0 143403 12153 DEVIN WRIGHT ASSISTANT SECRETARY 2.12 37.88 X 0 86721 0 0 1065398 53403 0 0 1 0 0 774225 774225 RENTAL INCOME 531110 12998561 12998561 12998561 86240 86240 TENANT CHARGES 531110 311795 311795 LAUNDRY & VENDING 531110 47493 47493 359288 14218314 13357849 0 86240 1172039 1172039 25892 25892 268775 268775 102386 102386 1068480 1068480 78512 78512 31580 31580 40852 40852 574989 574989 1248650 1248650 217271 217271 1921813 1921813 847256 847256 SURPLUS CASH DISBURSEME 3275559 3275559 REPAIRS & MAINTENANCE 3262529 3262529 PROPERTY TAXES 354944 354944 14491527 9421555 5069972 0 4136015 3594262 7133336 7167917 701287 153612 432430 430224 64039486 33438409 31623003 30601077 44026071 41947092 834529 491948 54595 72283 3296762 2210916 480888 520886 4666774 3296033 X 27884943 27611730 11474354 11039329 39359297 38651059 44026071 41947092 X -273213 -435025 X 0 1 X 1 0 X 115686 401671 1077635 100506 774225 2469723 11213967 11317351 11999035 13018213 12998561 60547127 11329653 11719022 13076670 13118719 13772786 63016850 0 0 0 63016850 31029 15334 27566 58059 86240 218228 31029 15334 27566 58059 86240 218228 225018 234657 303352 392511 359288 1514826 11585700 11969013 13407588 13569289 14218314 64749904 0.97320 0.97410 0.00340 0.00290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9621691 9621691 46421728 30592932 15828796 7996067 2845477 5150590 30601077 SECURITY DEPOSITS 520886 520886 X 14218314 0 14218314 0 14218314 14491527 0 14491527 0 14491527 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM CALIFORNIA INCOME TAXES UNDER RTC SECTION 23701(D). THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X 1 1 X 0 0 0 0 0 1 1 0 0 ROBERT DIAZ EXECUTIVE VP/SECRETARY/GEN COUNSEL 0 289062 0 47376 0 0 0 13750 0 0 0 350188 0 0 MICHAEL RUANE EXECUTIVE VICE PRESIDENT 0 211000 0 42192 0 0 0 13750 0 0 0 266942 0 0 MICHAEL FINN CHIEF FINANCIAL OFFICER 0 216041 0 29603 0 0 0 13750 0 0 0 259394 0 0 DORETTA BRYAN ASSISTANT SECRETARY 0 124951 0 18452 0 0 0 12153 0 0 0 155556 0 0 PART I, LINE 1A THE BOXES CHECKED IN 1(A) OF PART I WERE PROVIDED BY RELATED ORGANIZATIONS. ALL BOARD MEMBERS ARE COMPENSATED BY A RELATED ORGANIZATION FOR COMMERCIAL AIRLINE TRAVEL AND TRAVEL FOR COMPANIONS. PART I, LINE 3 A RELATED ORGANIZATION USES A WRITTEN EMPLOYMENT CONTRACT IN ESTABLISHING THE COMPENSATION OF THE EXECUTIVE DIRECTOR. PART I, LINE 6 CEO BONUS FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CONTROLLER AND FINANCE MANAGER AND THEN GIVEN TO THE CHIEF FINANCIAL OFFICER FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY FOR THE CORPORATION AND SIGNS AN ACKNOWLEDGMENT CERTIFICATE. STAFF IS ALSO PROVIDED A COPY AND SIGNS AN ACKNOWLEDGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW AND A THIRD PARTY COMPENSATION STUDY IS PERFORMED EVERY 2 TO 3 YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, COLUMN B: THE OFFICERS SPEND APPROXIMATELY 1 HOUR PER WEEK DEVOTED TO THIS ORGANIZATION AND APPROXIMATELY 39 HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS. THEIR TIME VARIES DEPENDING ON THE NEEDS OF THE EXEMPT ORGANIZATION. FORM 990, PART XI, LINE 9: NET CHANGE IN PLEDGE GRANT INCOME -435,025. 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