2023-10-12T17:53:59-05:00 2022-06-30 330310569 Haskell & White LLP 300 Spectrum Center Drive Ste 300 Irvine CA 92618 990 2021-07-01 330007407 Irvine Campus Housing Authority IRVI 9498244084 1083 California Avenue Irvine CA 92617 VICTOR VAN ZANDT CEO & PRESIDENT 9498244084 2023-10-12 1 VICTOR VAN ZANDT 999009999 Rick Smetanka P01677376 9494506200 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z VICTOR VAN ZANDT 1083 California Avenue Irvine CA 92617 15302007 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 30 10 0 0 0 0 26529335 15227310 145191 74697 0 0 26674526 15302007 0 0 0 0 3145018 3551532 0 0 0 18818240 9735477 21963258 13287009 4711268 2014998 90291490 117800167 47656594 73583308 42634896 44216859 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 12773493 15227310 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. 12773493 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 33 0 30 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 X 0 148387 44497 Jennifer Aaron Chair of the Board 0.50 40.00 X X 7200 194117 59465 Yong Chen Secretary/Treasurer 0.50 40.00 X 0 194963 67773 Sandra Irani Board Member 0.50 40.00 X 0 152858 64311 Diane O'Dowd Board Member 0.50 40.00 X 0 321011 75691 Heike Rau Board Member 0.50 40.00 X 0 213535 54228 Tyrus Miller Board Member 0.50 40.00 X 0 289410 56443 Suzanne Sandmeyer Board Member 0.50 40.00 X 0 258708 68847 Sara Beth Larson Board Member 0.50 40.00 X 0 135844 33856 Christy Teague Board Member 0.50 X 0 0 0 Victor Van Zandt President / CEO 40.00 X 193367 0 55485 Jennifer Barb Director of Finance 40.00 X 132789 0 41551 Karlie George Director of Sales and Marketing 40.00 X 101639 0 40756 Andrew Herndon VP, Community Dev. 40.00 X 157172 0 64999 Elaine Vatakis VP, Rental Housing 40.00 X 138896 0 32980 Gregory Jue Chair of the Board 0.50 40.00 X 0 158069 53382 731063 2066902 814264 5 1 1 0 California Pacific Homes 16530 Bake Parkway Ste 200 Irvine CA 92618 Home Builder 2449121 O'Connell Landscape Maintenance 23091 Arroyo Vista Rancho Santa Margarita CA 92688 Landscape Maintenance 1278041 The Partners Group 11850 SW 67th Parkway Ste100 Portland OR 97223 Insurance Broker 310720 Leonardo Chaidez Tree Services PO Box 29 Anaheim CA 92815 Tree trimming 214725 Waste Management PO Box 541065 Los ANgeles CA 90054 Waste Management 174901 6 Rental income 531310 10177457 10177457 Maintenance Assessments 531310 1593060 1593060 Resident Water and Sewer 531310 974407 974407 Real Estate Sale 531310 796242 796242 Shared Appreciation Income 531310 772492 772492 913652 913652 15227310 74697 74697 15302007 15227310 0 74697 585508 464196 121312 1914161 1808356 105805 210331 199071 11260 670398 646677 23721 171134 157628 13506 25684 24285 1399 54450 54450 250728 228462 22266 71687 58953 12734 128558 95739 32819 37868 28401 9467 1679554 1679554 1651886 1639910 11976 410531 361631 48900 Maintenance of Housing 2789296 2789296 Cost of Resident Water 860997 860997 Common Area Utilities 860028 860028 Cost of Home Sold 807178 807178 107032 63131 43901 13287009 12773493 513516 0 493802 830573 19494274 19575374 141407 506358 891091 1242459 80329390 13026176 68932690 67303214 338226 28342189 90291490 117800167 1285361 1265263 98178 98175 44789376 33362951 1483679 38856919 47656594 73583308 X 42634896 44216859 42634896 44216859 90291490 117800167 2014998 -433035 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 78884340 12039707 66844633 364900 254778 110122 429516 151506 278010 650634 580185 70449 67303214 Prepaid insurance 366174 Other Prepaid Assets 14428 Ground sublease receivable 27653312 Ground sublease interest receivable 62220 Deposits 59500 Deferred outflows of resources 186555 28342189 Security Deposits 262950 Premiums on Notes Payable to The Regents, net 899236 Deferred inflow of resources 27849733 Note payable to The Regents 9845000 38856919 X 15302007 0 15302007 0 15302007 13287009 0 13287009 0 13287009 Part X, Line 2: Irvine Campus Housing Authority has no unrecognized tax benefits associated with uncertain tax positions as of June 30, 2022. X 0 0 0 0 0 0 0 0 0 Diane O'Dowd Board Member 0 297011 0 0 0 24000 0 46488 0 29203 0 396702 0 0 Tyrus Miller Board Member 0 284010 0 0 0 5400 0 42469 0 13974 0 345853 0 0 Suzanne Sandmeyer Board Member 0 238212 0 0 0 20496 0 39189 0 29658 0 327555 0 0 Heike Rau Board Member 0 213535 0 0 0 0 0 32955 0 21273 0 267763 0 0 Yong Chen Secretary/Treasurer 0 179963 0 15000 0 0 0 42183 0 25590 0 262736 0 0 Jennifer Aaron Chair of the Board 7200 194117 0 0 0 0 0 29568 0 29897 7200 253582 0 0 Victor Van Zandt President / CEO 191182 0 0 0 2185 0 30511 0 24974 0 248852 0 0 0 Andrew Herndon VP, Community Dev. 153727 0 0 0 3445 0 24518 0 40481 0 222171 0 0 0 Sandra Irani Board Member 0 137366 0 0 0 15492 0 23759 0 40552 0 217169 0 0 Gregory Jue Chair of the Board 0 158069 0 0 0 0 0 24179 0 29203 0 211451 0 0 Barbara Sarnecka Board Member 0 130609 0 17778 0 0 0 20689 0 23808 0 192884 0 0 Jennifer Barb Director of Finance 131159 0 0 0 1630 0 16736 0 24815 0 174340 0 0 0 Elaine Vatakis VP, Rental Housing 137131 0 0 0 1765 0 14011 0 18969 0 171876 0 0 0 Sara Beth Larson Board Member 0 135844 0 0 0 0 0 11275 0 22581 0 169700 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 four Board members 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 $9,845,000 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 1 1 0 0 1 1 1 1 The Regents - ICHA provides property management services L 123140 Cash The Regents - ICHA purchases water & sewer from The Regents for residents P 860997 Cash The Regents - Note payable to The Regents E 9845000 Cash The Regents - Cash held at The Regents STIP accounts R 19560147 Cash The Regents - Return earned on The Regents STIP accounts S 74694 Cash The Regents - Principal payments on notes payable to The Regents E 340000 Cash The Regents - Interest payments on notes payable to The Regents E 463496 Cash The Regents - ICHA pays for maint util & admin of Las Lomas Apt Complex Q 146358 Cash The Regents - Apartments rental income J 171180 Cash The Regents - Misc services (ICHA water IT CSO) M 1506540 Cash The Regents - Ground lease K 1 Cash The Regents - Rent Assistance S 22178 Cash