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        <RelatedOrExemptFuncIncomeAmt>9691164</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>73446</ExclusionAmt>
      </TotalRevenueGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>167491</TotalAmt>
        <ProgramServicesAmt>167491</ProgramServicesAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>7120677</TotalAmt>
        <ProgramServicesAmt>6518927</ProgramServicesAmt>
        <ManagementAndGeneralAmt>533353</ManagementAndGeneralAmt>
        <FundraisingAmt>68397</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <PayrollTaxesGrp>
        <TotalAmt>516578</TotalAmt>
        <ProgramServicesAmt>473691</ProgramServicesAmt>
        <ManagementAndGeneralAmt>37655</ManagementAndGeneralAmt>
        <FundraisingAmt>5232</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>112294</TotalAmt>
        <ProgramServicesAmt>93149</ProgramServicesAmt>
        <ManagementAndGeneralAmt>19145</ManagementAndGeneralAmt>
      </FeesForServicesOtherGrp>
      <OfficeExpensesGrp>
        <TotalAmt>209946</TotalAmt>
        <ProgramServicesAmt>195951</ProgramServicesAmt>
        <ManagementAndGeneralAmt>11333</ManagementAndGeneralAmt>
        <FundraisingAmt>2662</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>176753</TotalAmt>
        <ProgramServicesAmt>159185</ProgramServicesAmt>
        <ManagementAndGeneralAmt>17395</ManagementAndGeneralAmt>
        <FundraisingAmt>173</FundraisingAmt>
      </InformationTechnologyGrp>
      <TravelGrp>
        <TotalAmt>581349</TotalAmt>
        <ProgramServicesAmt>573650</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7699</ManagementAndGeneralAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>79711</TotalAmt>
        <ProgramServicesAmt>59224</ProgramServicesAmt>
        <ManagementAndGeneralAmt>20487</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>255425</TotalAmt>
        <ProgramServicesAmt>255425</ProgramServicesAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>282045</TotalAmt>
        <ProgramServicesAmt>268557</ProgramServicesAmt>
        <ManagementAndGeneralAmt>12722</ManagementAndGeneralAmt>
        <FundraisingAmt>766</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <TotalAmt>15119</TotalAmt>
        <ProgramServicesAmt>13607</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1512</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS AND MAINTENANCE</Desc>
        <TotalAmt>232732</TotalAmt>
        <ProgramServicesAmt>209459</ProgramServicesAmt>
        <ManagementAndGeneralAmt>23273</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>UTILITIES</Desc>
        <TotalAmt>101933</TotalAmt>
        <ProgramServicesAmt>91740</ProgramServicesAmt>
        <ManagementAndGeneralAmt>10193</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>9852053</TotalAmt>
        <ProgramServicesAmt>9080056</ProgramServicesAmt>
        <ManagementAndGeneralAmt>694767</ManagementAndGeneralAmt>
        <FundraisingAmt>77230</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>1040782</BOYAmt>
        <EOYAmt>807379</EOYAmt>
      </CashNonInterestBearingGrp>
      <AccountsReceivableGrp>
        <BOYAmt>846873</BOYAmt>
        <EOYAmt>953085</EOYAmt>
      </AccountsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>114744</BOYAmt>
        <EOYAmt>109177</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>7688059</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>3467703</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>4453950</BOYAmt>
        <EOYAmt>4220356</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>2107386</BOYAmt>
        <EOYAmt>2164645</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>162680</BOYAmt>
        <EOYAmt>150384</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>8726415</BOYAmt>
        <EOYAmt>8405026</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>518313</BOYAmt>
        <EOYAmt>307841</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <EOYAmt>8000</EOYAmt>
      </DeferredRevenueGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>2249040</BOYAmt>
        <EOYAmt>2059505</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <UnsecuredNotesLoansPayableGrp>
        <BOYAmt>401419</BOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>605121</BOYAmt>
        <EOYAmt>457377</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>3773893</BOYAmt>
        <EOYAmt>2832723</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>4952522</BOYAmt>
        <EOYAmt>5572303</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>4952522</BOYAmt>
        <EOYAmt>5572303</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>8726415</BOYAmt>
        <EOYAmt>8405026</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>619781</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="990A">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>1515084</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>267217</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>363805</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>553804</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>780670</CurrentTaxYearAmt>
        <TotalAmt>3480580</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>1515084</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>267217</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>363805</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>553804</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>780670</CurrentTaxYearAmt>
        <TotalAmt>3480580</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>90475</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>3390105</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>938</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>1203</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>47642</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>123758</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>113824</CurrentTaxYearAmt>
        <TotalAmt>287365</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <TotalSupportAmt>3767945</TotalSupportAmt>
      <PublicSupportCY170Pct>0.89970</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.91340</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="990D">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>998539</OtherCostOrOtherBasisAmt>
        <BookValueAmt>998539</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>5100794</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>2697108</DepreciationAmt>
        <BookValueAmt>2403686</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>1178721</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>770595</DepreciationAmt>
        <BookValueAmt>408126</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>410005</OtherCostOrOtherBasisAmt>
        <BookValueAmt>410005</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>4220356</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>LEASE LAIBILITY</Desc>
        <Amt>457377</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>457377</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>10471834</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>10471834</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>10471834</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>9852053</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>9852053</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>9852053</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="990G">
      <FundraisingEventInformationGrp>
        <Event1Nm>ENCHANTED</Event1Nm>
        <GrossReceiptsEvent1Amt>108230</GrossReceiptsEvent1Amt>
        <GrossRevenueEvent1Amt>108230</GrossRevenueEvent1Amt>
        <RentFacilityCostsEvent1Amt>34784</RentFacilityCostsEvent1Amt>
        <GrossReceiptsTotalAmt>108230</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>108230</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>34784</RentFcltyCostsTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>34784</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>73446</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="990J">
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>TIMOTHY CHERVENAK</PersonNm>
        <TitleTxt>EXECUTIVE DIRECTOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>137037</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>25454</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>5000</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>167491</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="990K">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>CA MUNICIPAL FINANCE AUTHORITY</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>201563466</BondIssuerEIN>
        <CUSIPNum>000000000</CUSIPNum>
        <BondIssuedDt>2020-11-19</BondIssuedDt>
        <IssuePriceAmt>3200000</IssuePriceAmt>
        <PurposeDesc>TO PAY OFF OLD LOAN BALANCE &amp; FUND IMPROVEMENTS</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>false</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>false</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <EngageBondCounselResearchInd>false</EngageBondCounselResearchInd>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>true</Form8038TFiledInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <RegulatorySafeHarborStsfdInd>false</RegulatorySafeHarborStsfdInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="990M">
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>DEBT FORGIVENESS</Desc>
        <NoncashContributionsRptF990Amt>401419</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>FMV</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>false</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="990O">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Members or stockholder classes and rights Part VI line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE ARE ACTIVE MEMBERS AS WELL AS OTHER MEMBERS ESTABLISHED BY THE BOARD WHICH INCLUDE HONORY AND ORGANIZATIONAL LIFE MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Member election for additional members Part VI line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>EACH ACTIVE MEMBER IS ENTITLED TO ONE VOTE ON EACH MEASURE THAT COMES BEFORE THE MEMBERSHIP INCLUDING THE ELECTION OF THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Governing body decisions Part VI line 7b</FormAndLineReferenceDesc>
        <ExplanationTxt>EACH ACTIVE MEMBER IS ENTITLED TO ONE VOTE ON EACH MEASURE THAT COMES BEFORE THE MEMBERSHIP INCLUDING THE ELECTION OF THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990 governing body review Part VI line 11</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS OF THE FINANCE COMMITTEE WILL REVIEW THE 990 PRIOR TO FILING THE 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Conflict of interest policy compliance Part VI line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>PRIOR TO MAKING ANY DECISIONS THE BOARD EVALUATES FOR ANY CONFLICTS OF INTEREST. ANNUAL DISCLOSURE QUESTIONNAIRES ARE USED TO MONITOR AND ENFORCE COMPLIANCE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>CEO executive director top management comp Part VI line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION USES A COMPENSATION COMMITTEE USING COMPENSATION SURVEYS AND STUDIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other officer or key employee compensation Part VI line 15b</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION USES A COMPENSATION COMMITTEE USING COMPENSATION STUDIES AND SURVEYS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Governing documents etc available to public Part VI line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>