2026-03-17T17:09:20-05:00 2025-06-30 330310569 HASKELL & WHITE LLP 300 SPECTRUM CENTER DRIVE STE 300 IRVINE CA 92618 990 2024-07-01 330007407 IRVINE CAMPUS HOUSING AUTHORITY IRVI 9498244084 1083 CALIFORNIA AVENUE IRVINE CA 92617 VICTOR VAN ZANDT CEO & PRESIDENT 9498244084 2026-03-16 1 0 PAUL LOUIS P03303315 9494506200 2024 2025-03-06 01:10:19Z VICTOR VAN ZANDT 1083 CALIFORNIA AVENUE IRVINE CA 92617 22421348 0 X HTTP://WWW.ICHA.UCI.EDU X 1983 CA TO PROVIDE AFFORDABLE FACULTY AND STAFF HOUSING FOR THE UNIVERSITY OF CALIFORNIA, WITH A SPECIAL FOCUS ON UC IRVINE. 9 1 34 1 0 0 0 0 16587887 21596002 898148 825346 0 0 17486035 22421348 0 0 0 0 4233272 4673635 0 0 0 11207974 15197548 15441246 19871183 2044789 2550165 118532066 117622934 70592585 67310212 47939481 50312722 X THE ORGANIZATION WAS CREATED BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA FOR THE PURPOSE OF DEVELOPING AND MAINTAINING AFFORDABLE HOUSING AND RELATED FACILITIES TO FACULTY AND STAFF OF THE UNIVERSITY OF CALIFORNIA, WITH A SPECIAL FOCUS ON UC IRVINE. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO THE UNIVERSITY OF CALIFORNIA. 0 0 19025135 21596002 THE IRVINE CAMPUS HOUSING AUTHORITY DEVELOPS AND MAINTAINS AFFORDABLE HOUSING AND RELATED FACILITIES FOR THE EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA, WITH A SPECIAL FOCUS ON UC IRVINE. 19025135 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 52 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JENNIFER BARB CPA 9498244085 1083 CALIFORNIA AVENUE IRVINE CA 92617 VICTOR VAN ZANDT PRESIDENT / CEO 40.00 X 213348 0 67785 ANDREW HERNDON VP, COMMUNITY DEV. 40.00 X 170752 0 68143 JENNIFER BARB VP OF FINANCE 40.00 X 158730 0 49172 ELAINE VATAKIS VP, RENTAL HOUSING 40.00 X 143840 0 51622 KARLIE GEORGE EXECUTIVE VICE PRESIDENT 40.00 X 136031 0 57238 JENNIFER AARON CHAIR 1.00 40.00 X X 7200 228874 70666 TYRUS MILLER SECRETARY/TREASURER 1.00 40.00 X X 0 372226 64638 SAMARA LARSON BOARD MEMBER 1.00 40.00 X 0 157403 41175 SUZANNE SANDMEYER BOARD MEMBER 1.00 40.00 X 0 321545 80598 NANCY DASILVA BOARD MEMBER 1.00 40.00 X 0 321687 44541 GILLIAN HAYES BOARD MEMBER 1.00 40.00 X 0 350488 78814 IAN WILLIAMSON BOARD MEMBER 1.00 40.00 X 0 584692 30424 MICHELLE THRAKULCHAVEE BOARD MEMBER 1.00 X 0 0 0 JONATHAN WATANABE-UNITL 122024 BOARD MEMBER 1.00 40.00 X 0 258753 45426 HEIKA RAU BOARD MEMBER 1.00 40.00 X 0 265993 43599 829901 2861661 793841 5 0 1 0 CALIFORNIA PACIFIC HOMES 16530 BAKE PARKWAY STE 200 IRVINE CA 92618 HOME BUILDER 4680466 O'CONNELL LANDSCAPE MAINTENANCE 23091 ARROYO VISTA RANCHO SANTA MARGARITA CA 92688 LANDSCAPE MAINTENANCE 1453441 THE PARTNERS GROUP 1111 LAKE WASHINGTON BLVD N SUITE RENTON WA 98056 INSURANCE BROKER 622566 LEONARDO CHAIDEZ TREE SERVICES PO BOX 29 ANAHEIM CA 92815 TREE TRIMMING 337724 WILDAN ENGINEERING PO BOX 51645 LOS ANGELES CA 90051 ENGINEERING 139578 14 RENTAL INCOME/ GROUND SUBLEASE 531310 11619130 11619130 HOME SALES 531310 4609136 4609136 MAINTENANCE ASSESSMENTS 531310 2185252 2185252 SHARED APPRECIATION INCOME 531310 1169886 1169886 RESIDENT WATER AND SEWER 531310 1039778 1039778 972820 972820 21596002 825346 825346 22421348 21596002 0 825346 732780 586224 146556 2486454 2359318 127136 302782 291055 11727 923916 876611 47305 227703 212085 15618 80458 80458 80530 80530 296140 274322 21818 138642 110196 28446 78366 65174 13192 62929 53357 9572 1462227 1462227 1737850 1563389 174461 545950 485390 60560 MAINTENANCE OF HOUSING 4408660 4408660 COST OF HOMES SOLD 4126538 4126538 COMMON AREA UTILITIES 1000522 1000522 COST OF RESIDENT WATER 985702 985702 193034 164365 28669 19871183 19025135 846048 0 428927 244089 19165641 20224966 184104 256535 5809915 6623699 80995978 18180273 64442676 62815705 28500803 27457940 118532066 117622934 1886289 1346875 76711 80050 30738557 29352023 37891028 36531264 70592585 67310212 X 47939481 50312722 47939481 50312722 118532066 117622934 X 2550165 -176924 0 X X 0 1 X 1 0 X X 1 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA AT IRVINE 952226406 5 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 79040429 16815855 62224574 364900 291268 73632 596899 285261 311638 993750 787889 205861 62815705 PREPAID INSURANCE 167786 OTHER PREPAID ASSETS 37877 GROUND SUBLEASE RECEIVABLE 27019505 GROUND SUBLEASE INTEREST RECEIVABLE 75992 DEFERRED OUTFLOWS OF RESOURCES 155505 DEPOSITS 1275 27457940 SECURITY DEPOSITS 327560 PREMIUMS ON NOTES PAYABLE TO THE UC REGENTS, NET 794792 DEFERRED INFLOW OF RESOURCES 25990493 NOTE PAYABLE TO THE UC REGENTS 9011900 OTHER LIABILITIES 121851 PAYABLE TO THE UC REGENTS 284668 36531264 X 22421348 0 22421348 0 22421348 19871183 0 19871183 0 19871183 PART X, LINE 2: ICHA IS AN ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, ICHA IS SUBJECT TO INCOME TAXES ON INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT IS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE TAXABLE INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINES, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ICHA HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025. X 0 0 0 0 0 0 0 0 0 VICTOR VAN ZANDT PRESIDENT / CEO 213348 0 0 0 0 0 34459 0 33326 0 281133 0 0 0 ANDREW HERNDON VP, COMMUNITY DEV. 170752 0 0 0 0 0 27249 0 40894 0 238895 0 0 0 JENNIFER BARB VP OF FINANCE 158730 0 0 0 0 0 20707 0 28465 0 207902 0 0 0 ELAINE VATAKIS VP, RENTAL HOUSING 143840 0 0 0 0 0 23342 0 28280 0 195462 0 0 0 KARLIE GEORGE EXECUTIVE VICE PRESIDENT 136031 0 0 0 0 0 22652 0 34586 0 193269 0 0 0 JENNIFER AARON CHAIR 7200 228874 0 0 0 0 0 33939 0 36727 7200 299540 0 0 TYRUS MILLER SECRETARY/TREASURER 0 357526 0 0 0 14700 0 47843 0 16795 0 436864 0 0 SAMARA LARSON BOARD MEMBER 0 157403 0 0 0 0 0 13204 0 27971 0 198578 0 0 SUZANNE SANDMEYER BOARD MEMBER 0 301049 0 0 0 20496 0 44332 0 36266 0 402143 0 0 NANCY DASILVA BOARD MEMBER 0 294132 0 12555 0 15000 0 32648 0 11893 0 366228 0 0 GILLIAN HAYES BOARD MEMBER 0 350138 0 0 0 350 0 47372 0 31442 0 429302 0 0 IAN WILLIAMSON BOARD MEMBER 0 584692 0 0 0 0 0 0 0 30424 0 615116 0 0 JONATHAN WATANABE-UNITL 122024 BOARD MEMBER 0 228753 0 30000 0 0 0 35232 0 10194 0 304179 0 0 HEIKA RAU BOARD MEMBER 0 241993 0 0 0 24000 0 34984 0 8615 0 309592 0 0 FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE ORGANIZATION'S BYLAWS AS AMENDED, ALL DIRECTORS (MEMBERS OF THE ICHA BOARD), SHALL BE APPOINTED BY THE CHANCELLOR OF UNIVERSITY OF CALIFORNIA, IRVINE. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE GROUND LEASE AGREEMENT BETWEEN THE ORGANIZATION AND THE REGENTS OF THE UNIVERSITY OF CALIFORNIA AND OTHER DOCUMENTS, CERTAIN DECISIONS MADE BY THE ORGANIZATION ACTING AS LESSEE ARE SUBJECT TO THE APPROVAL OF THE REGENTS OR THEIR DELEGATES. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. -A DRAFT OF THE FORM 990 SHOULD BE READY FOR REVIEW BY THE AUDIT COMMITTEE WITH SUFFICIENT TIME FOR REVIEW PRIOR TO THE FILING DEADLINE. -FOLLOWING THE REVIEW OF THE FORM 990 BY THE AUDIT COMMITTEE, THE BOARD RECEIVES A COPY OF THE FORM 990 PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES ARE REQUIRED TO SIGN OUR CONFLICT OF INTEREST POLICY IN JULY OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 CHANGES IN SALARIES AND OTHER COMPENSATION FOR ALL OF THE ORGANIZATION'S SENIOR MANAGERS ARE DETERMINED ON AN ANNUAL BASIS BY THE FULL BOARD OF DIRECTORS IN CONSULTATION WITH THE COMPENSATION AND BENEFITS COMMITTEE CONSISTING OF THREE BOARD MEMBERS, INCLUDING THE BOARD CHAIR, NONE OF WHOM HAVE ANY FINANCIAL INTEREST IN THE OUTCOME OF THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS: TAX EXEMPTION APPLICATION (FORM 1023), INTERNAL REVENUE SERVICE DETERMINATION LETTER, ARTICLES OF INCORPORATION, BY-LAWS, AND AUDITED FINANCIAL STATEMENTS. -THE PUBLIC INSPECTION COPY OF THE ORGANIZATION'S FORM 990 FROM THE PREVIOUS THREE YEARS (AT A MINIMUM) WILL BE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS. -WHEN RESPONDING TO A PUBLIC INSPECTION REQUEST FOR ANY ORGANIZATIONAL DOCUMENT OR FORM 990 BY ANYONE, THE ORGANIZATION SHALL FULFILL SUCH REQUEST IN A TIMELY FASHION WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE REVIEWS AND APPROVES ALL AUDIT-RELATED ACTIVITIES AND TAX RETURNS. THE AUDIT COMMITTEE RECEIVES, REVIEWS, AND RESPONDS TO INFORMATION, INQUIRIES, AND REPORTS FROM THE AUDITORS AND CONFERS WITH THEM REGARDING THE ORGANIZATION'S FINANCIAL AFFAIRS. THE AUDIT COMMITTEE ADVISES THE BOARD REGARDING THE PRESENTATION AND THE ACCEPTANCE OF THE ANNUAL AUDIT REPORT AND FORM 990. FORM 990, PART XI, LINE 8 (PRIOR PERIOD ADJUSTMENT OF $176,924): EFFECTIVE JULY 1, 2024, THE ORGANIZATION IMPLEMENTED GASB (GOVERNMENTAL ACCOUNTING STANDARDS BOARD) STATEMENT NO. 101, COMPENSATED ABSENCES ("GASB 101"). GASB 101 REPLACES STATEMENT NO. 16, ACCOUNTING FOR COMPENSATED ABSENCES, TO ALIGN RECOGNITION AND MEASUREMENT GUIDANCE FOR ALL TYPES OF COMPENSATED ABSENCES, SUCH AS VACATION, SICK LEAVE, AND OTHER BENEFITS, UNDER A UNIFIED MODEL. UNDER GASB 101, THE ORGANIZATION IS REQUIRED TO RECOGNIZE A LIABILITY FOR LEAVE TIME THAT IS ATTRIBUTABLE TO SERVICES ALREADY RENDERED, IS ACCUMULATED, AND IS MORE LIKELY THAN NOT TO BE USED. THE ADOPTION OF GASB 101, RESULTED IN AN ADJUSTMENT TO THE BEGINNING NET POSITION BALANCE IN THE AMOUNT OF $176,924. THE REGENTS OF THE UNIVERSITY OF CALIFORNIA AT IRVINE 1400 BIOLOGICAL SCIENCES 3 IRVINE CA 92697 952226406 EDUCATION UNIVERSITY CA 501(C)3 PUBLIC BENEFIT CORP. N/A 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 1 0 1 1 THE REGENTS - NOTE PAYABLE TO THE REGENTS E 9011900 CASH THE REGENTS - CASH HELD AT THE REGENTS STIP ACCOUNTS R 14514358 CASH THE REGENTS - RETURN EARNED ON THE REGENTS STIP ACCOUNTS S 591679 CASH THE REGENTS - PRINCIPAL PAYMENTS ON NOTES PAYABLE TO THE REGENTS E 98100 CASH THE REGENTS - INTEREST PAYMENTS ON NOTES PAYABLE TO THE REGENTS E 315761 CASH THE REGENTS - APARTMENTS RENTAL INCOME J 21840 CASH THE REGENTS - MISC SERVICES (ICHA WATER IT AND CSO SERVICES) M 1022811 CASH THE REGENTS - GROUND LEASE K 1 CASH THE REGENTS - ICHA PURCHASES WATER & SEWER FROM THE REGENTS FOR RESIDENTS P 985702 CASH