Orange County Housing Trust Inc
- Assets
- $7.6m
- Revenue
- $200.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CA
- Founding
- 06/2011
- Data as of
- 06/2023
- EIN
- 27-1364961
Organization Overview
Orange County Housing Trust Inc is located in Orange, CA. The organization was established in 2011. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orange County Housing Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Orange County Housing Trust Inc generated $200.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $49.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PURPOSE IS TO FINANCE ORGANIZATIONS WHO CREATE WORK FORCE AND AFFORDABLE HOUSING OPTIONS FOR VERY LOW-TO MODERATE-INCOME INDIVIDUALS AND FAMILIES AND SPECIAL NEEDS POPULATIONS IN ORANGE COUNTY, CALIFORNIA, TO BE A RESOURCE FOR INDIVIDUALS AND ENTITIES INVOLVED IN THE CREATION OF AFFORDABLE AND WORK FORCE HOUSING AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES ASSOCIATED WITH THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCHT HAS BEEN PROVIDING LOANS TO CONTINUE FACILITATING THE CONSTRUCTION OF THE NEW AFFORDABLE HOUSING UNITS IN ORANGE COUNTY, CALIFORNIA. OVER THE PAST THREE YEARS, OCHT HAS PROVIDED CONSTRUCTION LOANS WITH JAMBOREE HOUSING IN TWO PROJECTS, LA PALMA & MANCHESTER FOR TOTAL $3.5 MILLION. ADDITIONALLY, OCHT HAS PROVIDED A CONSTRUCTION LOAN OF $2 MILLION TO THE SALVATION ARMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen O'sullivan Director | Trustee | 0 | $0 |
Lucy Dunn Chairman | OfficerTrustee | 0 | $0 |
Joe Hensley Director | Trustee | 0 | $0 |
Lisa Haines Director | Trustee | 0 | $0 |
Steve Churm Director | Trustee | 0 | $0 |
Cesar Covarrubias Vice Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $200,875 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $49,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,710 |
| Savings and temporary cash investments | $122,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,327 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,138,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $873,661 |
| Total assets | $7,607,992 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,607,992 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,607,992 |