2024-05-13T12:24:44-05:00 2023-06-30 330310569 Haskell & White LLP 300 Spectrum Center Drive Ste 300 Irvine CA 92618 990 2022-07-01 330007407 Irvine Campus Housing Authority IRVI 9498244084 1083 California Avenue Irvine CA 92617 VICTOR VAN ZANDT CEO & PRESIDENT 9498244084 2024-05-10 1 VICTOR VAN ZANDT 999009999 0 Rick Smetanka P01677376 9494506200 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z VICTOR VAN ZANDT 1083 California Avenue Irvine CA 92617 16048660 0 X HTTP://WWW.ICHA.UCI.EDU X 1983 CA To provide affordable faculty and staff housing for the University of California, Irvine. 10 1 37 0 0 0 0 0 15227310 15466833 74697 581827 0 0 15302007 16048660 0 0 0 0 3551532 3796854 0 0 0 9735477 10992845 13287009 14789699 2014998 1258961 117800167 117659556 73583308 72183736 44216859 45475820 X The Organization was created by The Regents of the University of California for the purpose of developing and maintaining affordable faculty and staff housing on the campus of the University of California, 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, Irvine. 0 0 12987773 0 15466833 The Irvine Campus Housing Authority develops and maintains affordable housing and related facilities for the use of faculty and staff of the University of California, Irvine. 12987773 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 35 0 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 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 Barbara Sarnecka Board Member 0.50 40.00 X 0 195564 47795 Jennifer Aaron Chair of the Board 0.50 40.00 X X 7200 200162 62426 Yong Chen Secretary/Treasurer 0.50 40.00 X X 0 198299 71791 Sandra Irani Board Member 0.50 40.00 X 0 194972 72958 Diane O'Dowd Board Member 0.50 40.00 X 0 319557 78070 Heike Rau Board Member 0.50 40.00 X 0 220260 54228 Tyrus Miller Board Member 0.50 40.00 X 0 299426 37933 Suzanne Sandmeyer Board Member 0.50 40.00 X 0 266504 71605 Sara Beth Larson Board Member 0.50 40.00 X 0 143979 35608 Christy Teague Board Member 0.50 X 0 0 0 Nancy Da Silva Board Member 0.50 40.00 X 0 235642 39208 Victor Van Zandt President / CEO 40.00 X 197819 0 59447 Jennifer Barb VP of Finance 40.00 X 142241 0 43288 Karlie George VP of Real Estate Sales and Administration 40.00 X 112265 0 44036 Andrew Herndon VP, Community Dev. 40.00 X 160751 0 61602 Elaine Vatakis VP, Rental Housing 40.00 X 135321 0 44060 755597 2274365 824055 5 0 1 0 O'Connell Landscape Maintenance 23091 Arroyo Vista Rancho Santa Margarita CA 92688 Landscape Maintenance 1312935 California Pacific Homes 16530 Bake Parkway Ste 200 Irvine CA 92618 Home Builder 896457 The Partners Group 11850 SW 67th Parkway Ste100 Portland OR 97223 Insurance Broker 446123 Leonardo Chaidez Tree Services PO Box 29 Anaheim CA 92815 Tree trimming 359809 Waste Management PO Box 541065 Los ANgeles CA 90054 Waste Management 186984 5 Rental income 531310 10720137 10720137 Maintenance Assessments 531310 1793364 1793364 Shared Appreciation Income 531310 1218301 1218301 Resident Water and Sewer 531310 890317 890317 Ground sublease interest income 531310 771860 771860 72854 72854 15466833 581827 581827 16048660 15466833 0 581827 629662 547520 82142 2019846 1945489 74357 240268 232593 7675 721571 702153 19418 185507 176219 9288 26528 24900 1628 60720 60720 259212 243144 16068 78649 67303 11346 110292 78659 31633 21093 17718 3375 1619520 1619520 1711823 1571703 140120 420291 379821 40470 Maintenance of Housing 3569437 3569437 Abandonment of a Projec 1289744 1289744 Common Area Utilities 913170 913170 Cost of Resident Water 828142 828142 84224 70282 13942 14789699 12987773 1801926 0 830573 738261 19575374 21155366 506358 181075 1242459 1053927 80763709 14728794 67303214 66034915 28342189 28496012 117800167 117659556 1265263 1319591 98175 96170 33362951 32074928 38856919 38693047 73583308 72183736 X 44216859 45475820 44216859 45475820 117800167 117659556 1258961 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 78997425 13633628 65363797 364900 266941 97959 430716 185754 244962 970668 642471 328197 66034915 Prepaid insurance 274014 Other prepaid assets 10450 Ground sublease receivable 27969285 Ground sublease interest receivable 66172 Deferred outflows of resources 176091 28496012 Security deposits 263030 Premiums on notes payable to The Regents, net 848857 Deferred inflow of resources 27885559 Note payable to The Regents 9485000 Other liabilities 210601 38693047 X 16048660 0 16048660 0 16048660 14789699 0 14789699 0 14789699 Part X, Line 2: Irvine Campus Housing Authority has no unrecognized tax benefits associated with uncertain tax positions as of June 30, 2023. X 0 0 0 0 0 0 0 0 0 Diane O'Dowd Board Member 0 293057 0 0 0 26500 0 47629 0 30441 0 397627 0 0 Suzanne Sandmeyer Board Member 0 246008 0 0 0 20496 0 40072 0 31533 0 338109 0 0 Tyrus Miller Board Member 0 296226 0 0 0 3200 0 23369 0 14564 0 337359 0 0 Nancy Da Silva Board Member 0 220642 0 0 0 15000 0 29614 0 9594 0 274850 0 0 Heike Rau Board Member 0 220260 0 0 0 0 0 32955 0 21273 0 274488 0 0 Yong Chen Secretary/Treasurer 0 183799 0 14500 0 0 0 43201 0 28590 0 270090 0 0 Jennifer Aaron Chair of the Board 7200 200162 0 0 0 0 0 30353 0 32073 7200 262588 0 0 Sandra Irani Board Member 0 167480 0 12000 0 15492 0 27127 0 45831 0 267930 0 0 Victor Van Zandt President / CEO 196666 0 0 0 1153 0 31467 0 27980 0 257266 0 0 0 Barbara Sarnecka Board Member 0 175564 0 20000 0 0 0 23047 0 24748 0 243359 0 0 Andrew Herndon VP, Community Dev. 156746 0 0 0 4005 0 25079 0 36523 0 222353 0 0 0 Jennifer Barb VP of Finance 141674 0 0 0 567 0 17668 0 25620 0 185529 0 0 0 Sara Beth Larson Board Member 0 143979 0 0 0 0 0 11960 0 23648 0 179587 0 0 Elaine Vatakis VP, Rental Housing 134677 0 0 0 644 0 19560 0 24500 0 179381 0 0 0 Karlie George VP of Real Estate Sales and Administ 111771 0 0 0 494 0 17883 0 26153 0 156301 0 0 0 Form 990, Part VI, Section A, line 7a According to the Organization's bylaws, all directors (members of the ICHA Board), shall be appointed by the Chancellor of University of California, Irvine, with the approval of the President of the University of California. 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 X, Line 23 Amount represents three notes payable, of which one note in the amount of $9,485,000 is payable to The Regents. 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 9485000 Cash The Regents - Cash held at The Regents STIP accounts R 21141962 Cash The Regents - Return earned on The Regents STIP accounts S 581814 Cash The Regents - Principal payments on notes payable to The Regents E 360000 Cash The Regents - Interest payments on notes payable to The Regents E 445735 Cash The Regents - Apartments rental income J 135675 Cash The Regents - Misc Services (ICHA Water IT and CSO services) M 743762 Cash The Regents - Ground lease K 1 Cash The Regents - ICHA purchases water & sewer from The Regents for residents P 828142 Cash