HOUSING TR FUND OF SANTA BARBARA COUNTY INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- HOUSING TR FUND OF SANTA BARBARA COUNTY INC (EIN 43-2007672)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-02-15
- IRS object ID
- 202340469349303354
- Schema version
- 2021v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-15T18:15:30-08:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 753194011 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moss Levy & Hartzheim LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2400 Professional Parkway Suite 205 | AddressLine1Txt |
| City | Santa Maria | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 432007672 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOUSING TRUST FUND OF SANTA BARBARA | BusinessNameLine1Txt |
| Business Name Line2 | COUNTY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOUS | BusinessNameControlTxt |
| Phone | 8056851949 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 60909 | AddressLine1Txt |
| City | SANTA BARBARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93160 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL T BENNETT | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Signature | 2023-02-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL T | PersonFirstNm |
| Person Last | BENNETT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Travis Hole CPA | PreparerPersonNm |
| PTIN | P01568767 | PTIN |
| Phone | 8059252579 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL T BENNETT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 60909 | AddressLine1Txt |
| City | SANTA BARBARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 931600909 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,232,471 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SBHOUSINGTRUST.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE HOUSING TRUST FUNDS MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO LOW, MODERATE, AND MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $167,905 | PYContributionsGrantsAmt |
| CY Contributions Grants | $880,625 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $221,520 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $348,097 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,100 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,749 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $393,525 | PYTotalRevenueAmt |
| CY Total Revenue | $1,232,471 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $236,059 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $246,739 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $7,095 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $146,943 | PYOtherExpensesAmt |
| CY Other Expenses | $302,511 | CYOtherExpensesAmt |
| PY Total Expenses | $383,002 | PYTotalExpensesAmt |
| CY Total Expenses | $549,250 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,523 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $683,221 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,845,810 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,841,934 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,604,346 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,917,249 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,241,464 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,924,685 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE HOUSING TRUST FUNDS MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO LOW, MODERATE, AND MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $490,749 | ExpenseAmt |
| Desc | THE HOUSING TRUST FUNDS (HTF) PRIMARY ACTIVITY IS A $7.7 MILLION REVOLVING LOAN FUND FOR AFFORDABLE HOUSING THAT PROVIDES LOW-COST LOANS TO QUALIFIED SPONSORS OF AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. HTF PROVIDES DIRECT LOANS FOR SITE ACQUISITION, PREDEVELOPMENT AND CONSTRUCTION COSTS, AND PERMANENT FINANCING FOR RENTAL AND HOMEOWNERSHIP PROJECTS THAT CREATE, MAINTAIN, PRESERVE, EXPAND OR PRESERVE THE COUNTYS AFFORDABLE HOUSING STOCK. HTF ALSO PROVIDES FREE TECHNICAL ASSISTANCE TO: 1) HELP GROUPS DETERMINE IF THEY HAVE A FEASIBLE PROJECT, 2)CONNECT THEM TO DEVELOPMENT EXPERTISE, AND 3) ASSIST THEM IN THE APPLICATION PROCESS FOR LOANS. HTF SUPPORTS THE INITIATION OF AFFORDABLE HOUSING PROJECTS BY COMMUNITY GROUPS THAT MIGHT OTHERWISE NOT PROCEED, FACILITATES PROJECTS SPONSORED BY EXPERIENCED DEVELOPERS, AND HELPS REDUCE PROJECT DEVELOPMENT COSTS. TO DATE, 100% OF LOAN FUND ACTIVITY HAS BEEN DIRECTED TO PROJECTS THAT SERVE LOWER INCOME HOUSEHOLDS IN SANTA BARBARA COUNTY EARNING BETWEEN 0-80% OF AREA MEDIAN INCOME.SINCE 2012 HTF HAS ALSO OPERATED A $3.6 MILLION WORKFORCE HOMEBUYER PROGRAM USING GOVERNMENT GRANTS AND PRIVATE INVESTMENT CAPITAL THAT HELPS FIRST-TIME HOMEBUYERS WHO HAVE BEEN SHUT OUT OF THE EXPENSIVE SANTA BARBARA COUNTY HOUSING MARKET PURCHASE AN ENTRY-LEVEL HOME IN THE COMMUNITY. HTF CURRENTLY PROVIDES DOWN PAYMENT LOANS TO LOW, MODERATE AND MIDDLE-INCOME HOUSEHOLDERS EARNING BETWEEN 30% TO 210% OF AREA MEDIAN INCOME. HTF DOWN PAYMENT LOANS ARE STRUCTURED TO MATCH THE REQUIREMENTS OF GOVERNMENT FUNDING PROGRAMS AND PRIVATE INVESTMENT SOURCES THAT PROVIDE CAPITAL FOR HTF DOWN PAYMENT LOANS. DEPENDING ON THE COST OF HOMES WITHIN THE RESPECTIVE COUNTY HOUSING SUB-MARKET AND THE RESULTANT AFFORDABILITY GAP TO LOCAL FIRST-TIME HOMEBUYER, HTF OFFERS A 30-YEAR DEFERRED SHARED APPRECIATION LOAN, A 30-YEAR DEFERRED SIMPLE INTEREST LOAN (UP TO 3% INTEREST) OR A 10-15 YEAR LOW-COST INTEREST-ONLY LOAN. THE MAXIMUM DOWN PAYMENT LOAN IS UP TO 16.5% OR 20% OF THE HOME PURCHASE PRICE, BASED ON HOMEBUYER NEED AND THE REQUIREMENTS OF THE CAPITAL FUNDING SOURCES. THE HTF DOWN PAYMENT LOAN IS TAILORED TO BRIDGE THE HOMEOWNERSHIP AFFORDABILITY GAP AND MAKE HOUSING PAYMENTS AFFORDABLE TO FIRST-TIME HOMEBUYERS. HTF DOWN PAYMENT LOANS CAN BE USED TO PURCHASE BOTH MARKET RATE AND RESALE CONTROLLED AFFORDABLE HOMES. THE HTF WORKFORCE HOMEBUYER PROGRAM WORKS TO EXPAND AFFORDABLE HOMEOWNERSHIPS OPPORTUNITIES FOR LOW TO MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY.IN 2022 SANTA BARBARA COUNTY WAS THE 4TH LEAST AFFORDABLE SMALL METROPOLITAN HOUSING MARKET IN THE NATION (NAHB/WELLS FARGO HOUSING OPPORTUNITY INDEX). OVER THE PAST SEVERAL DECADES, SANTA BARBARA COUNTY'S RELATIVELY LOW WAGES AND MEDIAN HOUSEHOLD INCOME, COMPARED TO OTHER CALIFORNIA HIGH COST AND COASTAL AREAS, COMBINED WITH SOME OF THE HIGHEST HOUSING COSTS IN THE NATION HAVE CREATED A LARGE AND GROWING CHARITABLE CLASS OF PEOPLE WHO SIMPLY CAN NO LONGER AFFORD TO RENT OR PURCHASE HOUSING IN THE PRIVATE MARKET AND EXPERIENCE HOUSING-RELATED POVERTY AND ECONOMIC DISTRESS RELATIVE TO THE COST OF HOUSING WITHIN THEIR RESPECTIVE COMMUNITIES. REGARDING HOMEOWNERSHIP OPPORTUNITIES, HOUSING MARKET INFLATION HAS ERODED THE ABILITY OF THE VAST MAJORITY OF WORKING FAMILITIES AND INDIVIDUALS TO PURCHASE A HOME AND PUT DOWN ROOTS IN THE COMMUNITY. IN RESPONSE TO THE SEVERITY OF OUR COUNTYWIDE HOUSING AFFORDABILITY GAP, HTF SEEKS TO INCREASE THE INCOME LIMIT FOR ITS WORKFORCE HOMEBUYER PROGRAM UP TO 250% OF THE COUNTY AREA MEDIAN INCOME IN ORDER TO SERVE A BROADER RANGE OF CHARITABLE CLASSES OF PERSONS WHO ARE DISADVANTAGED AND ECONOMICALLY DISTRESSED RELATIVE TO SECURING AN AFFORDABLE HOME IN THE HIGH COST SANTA BARBARA COUNTY HOUSING MARKET. | Desc |
| Total Program Service Expenses | $490,749 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER MCGOVERN | PersonNm |
| Phone | 8056851949 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 60909 | AddressLine1Txt |
| City | SANTA BARBARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 931600909 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| JENNIFER MCGOVERN | |||||||
| President & CEO | 40.00 | 0.00 | Yes (X) | $109,685 | $0 | $10,200 | |
| MICHAEL T BENNETT | |||||||
| Chairman | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DEWAYNE HOLMDAHL | |||||||
| Vice Chairman | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ROB FREDERICKS | |||||||
| Treasurer | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JESSICA WISHAN | |||||||
| Secretary | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SYLVIA BARNARD | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| SHERYL FLORES | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| ROGER L HORTON | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| KRISTEN MILLER | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| CODY SARGEANT | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| LUIS VILLEGAS | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $109,685 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $10,200 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $880,625 | AllOtherContributionsAmt |
| Total Contributions | $880,625 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN PROGRAM REVENUE | Desc |
| Business | 522291 | BusinessCd |
| Total Revenue Column | $348,097 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $348,097 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $348,097 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,749 | TotalRevenueColumnAmt |
| Exclusion | $3,749 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,232,471 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $348,097 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $3,749 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,674 | TotalAmt |
| Program Services | $189,205 | ProgramServicesAmt |
| Management And General | $9,520 | ManagementAndGeneralAmt |
| Fundraising | $5,949 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,099 | TotalAmt |
| Program Services | $24,323 | ProgramServicesAmt |
| Management And General | $1,093 | ManagementAndGeneralAmt |
| Fundraising | $683 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,966 | TotalAmt |
| Program Services | $14,763 | ProgramServicesAmt |
| Management And General | $740 | ManagementAndGeneralAmt |
| Fundraising | $463 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,990 | TotalAmt |
| Program Services | $2,557 | ProgramServicesAmt |
| Management And General | $34,433 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,069 | TotalAmt |
| Program Services | $6,069 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150 | TotalAmt |
| Program Services | $150 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,649 | TotalAmt |
| Program Services | $11,274 | ProgramServicesAmt |
| Management And General | $1,375 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,540 | TotalAmt |
| Program Services | $53,540 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123 | TotalAmt |
| Program Services | $123 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,895 | TotalAmt |
| Management And General | $3,895 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN LOSS RESERVE | $187,600 | $187,600 | |
| OPERATING SUPPLIES | $1,004 | $703 | $301 |
| Printing and Publications | $491 | $442 | $49 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $549,250 | TotalAmt |
| Program Services | $490,749 | ProgramServicesAmt |
| Management And General | $51,406 | ManagementAndGeneralAmt |
| Fundraising | $7,095 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,121 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,467,241 | BOYAmt |
| EOY | $2,821,707 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,803 | BOYAmt |
| EOY | $34,188 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,126,994 | BOYAmt |
| EOY | $4,982,753 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $978 | BOYAmt |
| EOY | $2,736 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,567 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,567 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550 | BOYAmt |
| EOY | $550 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,845,810 | BOYAmt |
| EOY | $7,841,934 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,546 | BOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,566,800 | BOYAmt |
| EOY | $2,917,249 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,604,346 | BOYAmt |
| EOY | $2,917,249 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,943,964 | BOYAmt |
| EOY | $4,627,185 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $297,500 | BOYAmt |
| EOY | $297,500 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,241,464 | BOYAmt |
| EOY | $4,924,685 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,845,810 | BOYAmt |
| EOY | $7,841,934 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $683,221 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $445,200 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $144,150 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $172,700 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $167,905 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $880,625 | CurrentTaxYearAmt |
| Total | $1,810,580 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $445,200 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $144,150 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $172,700 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $167,905 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $880,625 | CurrentTaxYearAmt |
| Total | $1,810,580 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,810,580 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $459 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $226 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,953 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,100 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,749 | CurrentTaxYearAmt |
| Total | $14,487 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,825,067 | TotalSupportAmt |
| Public Support CY170 | 0.99210 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92900 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,567 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,567 | DepreciationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,232,471 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,232,471 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,232,471 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $549,250 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $549,250 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $549,250 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X : FIN48 Footnote | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION EVALUATES UNCERTAIN TAX POSITIONS, WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF JUNE 30, 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN U.S. FEDERAL AND CALIFORNIA JURISDICTIONS AND IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE JUNE 30, 2019 AND JUNE 30, 2018, RESPECTIVELY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 11b: Form 990 Review Process | MANAGEMENT PERFORMED A DETAILED REVIEW OF THE 990. AFTER MANAGEMENTS REVIEW, THE 990 WAS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. SUFFICIENT TIME WAS ALLOWED FOR ADDRESSING COMMENTS OR QUESTIONS. THE BOARD EXECUTIVE COMMITTEE APPROVED THE FILING OF FORM 990 FOR THE PERIOD ENDED JUNE 30, 2022. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1) THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3) A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4) THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION.DISCLOSURE INVOLVING VOLUNTEERS IN THE ORGANIZATION SHOULD BE MADE TO THEBOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OFDIRECTORS. DISCLOSURE INVOLVING DIRECTORS AND COMMITTEE MEMBERS SHOULD BEMADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT,THEN TO THE BOARD TREASURER) WHO SHALL BRING THESE MATTERS TO THE BOARD OFDIRECTORS.THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASEOF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BEAUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISIONOF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN ITS SOLEDISCRETION, AND ITS CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THEADVANCEMENT OF ITS PURPOSE.THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE COMPLETED ANNUALLY. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | DETERMINING COMPENSATION FOR EXECUTIVE MANAGEMENT IS DONE BY AN INDEPENDENT REVIEW BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES USE OF COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. APPROVED COMPENSATION IS BUDGETED AND CONTEMPORANEOUS DOCUMENTATION REGARDING THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT ARE MEMORIALIZED IN THE MINUTES. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THE ORGANIZATIONS CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATIONS OFFICE DURING NORMAL BUSINESS HOURS OR BY REQUEST. |