2025-10-25T14:59:36-05:00 2024-12-31 946214841 ARMANINO ADVISORY LLC 2121 AVENUE OF THE STARS 15TH FLOOR LOS ANGELES CA 90067 990 2024-01-01 912157935 CAR HOUSING AFFORDABILITY FUND CARH 2137398200 915 L STREET 1460 SACRAMENTO CA 95814 IQBAL BHOLAT TREASURER 2137398200 2025-10-24 1 1 MATTHEW PETROSKI P00853132 3104784148 2025-10-24 2024 2025-03-06 01:10:19Z X DENISE G WELSH 915 L STREET 1460 SACRAMENTO CA 95814 1547722 0 X WWW.CAR.ORG X 2001 CA RAISE AND DISTRIBUTE FUNDS AND PARTNER WITH OTHER GROUPS TO PROMOTE HOUSING AND HOMEOWNERSHIP. 18 18 0 18 0 0 434309 1380650 0 0 -13985 28898 0 0 420324 1409548 1225000 1080000 0 0 0 0 0 0 0 124763 126548 1349763 1206548 -929439 203000 765533 998249 89957 98995 675576 899254 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 1080000 1080000 THE C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $1,080,000 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 2024, C.A.R. HOUSING AFFORDABILITY FUND MADE GRANTS TOTALING $80,000 TO SUPPORT LOCAL ASSOCIATIONS' EFFORTS TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES IN THEIR LOCAL COMMUNITIES.GRANTS TO INDIVIDUALS=====================DURING 2024, C.A.R.'S CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 TO 103 HOUSEHOLDS 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. THROUGH THE 3 YEARS OF THE PROGRAM A TOTAL OF $3,000,000 (311 HOUSEHOLDS) THUS FAR. EACH GRANT IS PROVIDED TO LOW-TO-MODERATE INCOME (120% AMI AND BELOW) FIRST-TIME HOMEBUYERS WHO UTILIZE THE SERVICES OF A CALIFORNIA REALTOR. 1080000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 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 18 18 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X IQBAL BHOLAT 2137398200 915 L STREET 1460 SACRAMENTO CA 95814 FRANK OTI CHAIR 2.50 X X 0 0 0 DITAS YAMANE VICE CHAIR 2.50 X X 0 0 0 VICTORIA COPELAND VICE CHAIR 2.50 X X 0 0 0 SHAUNA LOVE ASSN. EXEC. (VOTING) 2.50 X X 0 0 0 NILA ALVIDREZ-ESPOSITO MEMBER 2.50 X 0 0 0 KEVIN BIRMINGHAM MEMBER 2.50 X 0 0 0 ARLENE BYERLY MEMBER 2.50 X 0 0 0 DERIK DAMI MEMBER 2.50 X 0 0 0 MICHAEL DELEON MEMBER 2.50 X 0 0 0 NATALIE GARRICK MEMBER 2.50 X 0 0 0 SHER HEARD MEMBER 2.50 X 0 0 0 CAROL M LUCKENBACH MEMBER 2.50 X 0 0 0 SUSAN MARSHALL MEMBER 2.50 X 0 0 0 TAFFY MAURER MEMBER 2.50 X 0 0 0 TERESA MOLINA MEMBER 2.50 X 0 0 0 JANINE NIELSEN MEMBER 2.50 X 0 0 0 DAVID SCHUBB MEMBER 2.50 X 0 0 0 LEHEL SZUCS MEMBER 2.50 X 0 0 0 IQBAL BHOLAT TREASURER 1.00 39.00 X 0 266638 56565 0 266638 56565 0 0 1 0 CALIFORNIA ASSOCIATION OF REALTORS 525 SOUTH VIRGIL AVENUE LOS ANGELES CA 90020 MANAGEMENT SERVICES 117784 1 1000000 380650 1380650 36048 36048 131024 138174 -7150 -7150 -7150 1409548 0 0 28898 1080000 1080000 117784 117784 685 685 8079 8079 1206548 1080000 126548 0 242157 439530 523376 558210 0 509 765533 998249 89957 98995 89957 98995 X 675576 899254 675576 899254 765533 998249 203000 20678 0 X 0 1 X 1 0 X X X 1 CALIFORNIA ASSOCIATION OF REALTORS 950594790 10 1 1080000 0 1 1080000 0 1 0 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 2023 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 $1,080,000 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 $80,000 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 2023, C.A.R.'S PATHWAY TO HOME CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 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 CALIFORNIA REALTOR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SAN LUIS OBISPO AOR 830 MORRO BAY BOULEVARD MORRO BAY CA 93442 260205657 501(C)(3) 30000 0 FIRST TIME HOME BUYER GRANT PROGRAM" OFFERS $3,000 GRANTS TO (20) FIRST-TIME HOME BUYERS WHO ARE PURCHASING PROPERTY IN SAN LUIS OBISPO COASTAL COUNTY. SANTA CLARA COUNTY AOR 1651 N FIRST ST SAN JOSE CA 95112 770025214 501(C)(3) 50000 0 FIRST TIME BUYERS DOWN PAYMENT ASSISTANCE PROGRAM FOR THE UNDERSERVED COMMUNITY TO ASSIST (10) HOUSEHOLDS WITH UP TO $10,000 IN DOWN PAYMENT ASSISTANCE FUNDS. NEIGHBORHOOD PARTNERSHIP HOUSING SERVICE 9551 PITTSBURGH AVENUE RANCHO CUCAMONGA CA 91730 330435536 501(C)(3) 1000000 0 HELPS 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. 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 $1,080,000 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 $80,000 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 2024, C.A.R.'S PATHWAY TO HOME CLOSING COST ASSISTANCE GRANT PROGRAM PROVIDED $1,000,000 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 CALIFORNIA REALTOR. 0 0 0 0 0 0 0 0 0 IQBAL BHOLAT TREASURER 0 230182 0 29009 0 7447 0 40763 0 15802 0 323203 0 0 PART I LINE 3 THE ORGANIZATION PAYS NO COMPENSATION TO ANY OF IT BOARD OR OFFICERS. ALL COMPENSATION REPORTED IN FORM 990, PART VII, SECTION A IS PAID BY A RELATED ORGANIZATIONS, CALIFORNIA ASSOCIATION OF REALTORS, FOR SERVICES PROVIDED TO CALIFORNIA ASSOCIATION OF REALTORS. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THIS ORGANIZATION IS PROVIDED BY CALIFORNIA ASSOCIATION OF REALTORS, IN EXCHANGE FOR PAYMENT OF $117,784, 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 AND A DRAFT IS PROVIDED TO A DESIGNATED OFFICER, IN-HOUSE LEGAL COUNSEL AND MANAGEMENT TEAM MEMBER FOR REVIEW PRIOR TO FILING. 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 915 L STREET 1460 SACRAMENTO CA 95814 950594790 BUSINESS LEAGUE OF CA REALTORS CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CAR EDUCATION FOUNDATION 915 L STREET 1460 SACRAMENTO CA 95814 202696963 PUBLIC CHARITY MAKING EDUCATION GRANTS CA 501(C)(3) LINE 12A, I CALIFORNIA ASSOCIATION OF REALTORS 0 CAR SCHOLARSHIP FOUNDATION 915 L STREET 1460 SACRAMENTO CA 95814 237230340 PUBLIC CHARITY AWARDING SCHOLARSHIPS CA 501(C)(3) LINE 12A, I CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIANS FOR HOMEOWNERSHIP INC 915 L STREET 1460 SACRAMENTO CA 95814 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 915 L STREET 1460 SACRAMENTO CA 95814 954167538 POLITICAL ACTION COMMITTEE CA 501(C)(6) CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIA REAL ESTATE PAC 915 L STREET 1460 SACRAMENTO CA 95814 956485939 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 CALIFORNIA REAL ESTATE PAC - C A R 915 L STREET 1460 SACRAMENTO CA 95814 464472410 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 CA REAL ESTATE INDEPENDENT EXPENDITURE PAC - C A R 915 L STREET 1460 SACRAMENTO CA 95814 464464088 POLITICAL ACTION COMMITTEE CA 527 CALIFORNIA ASSOCIATION OF REALTORS 0 REAL ESTATE BUSINESS TECHNOLOGIES INC 915 L STREET 1460 SACRAMENTO CA 95814 954642567 REALTOR SOFTWARE CA N/A C 0 CALIFORNIA REAL ESTATE ASSOCIATION INC 915 L STREET 1460 SACRAMENTO CA 95814 NAME PROTECTION CA N/A C 0 CAR CO CALIFORNIA ASSOC OF REALTORS 915 L STREET 1460 SACRAMENTO CA 95814 REALTOR SERVICES CA N/A C 0 FINOM 915 L STREET 1460 SACRAMENTO CA 95814 462463419 REALTOR SERVICES CA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 CALIFORNIA ASSOCIATION OF REALTORS M 117784 BOOK VALUE CALIFORNIA ASSOCIATION OF REALTORS C 1000000 BOOK VALUE