Orange Housing Development Corporation
- Assets
- $73.2m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Orange, CA
- Founding
- 08/1996
- Data as of
- 06/2024
- EIN
- 33-0427434
Organization Overview
Orange Housing Development Corporation is located in Orange, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2024, Orange Housing Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orange Housing Development Corporation 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 06/2024, Orange Housing Development Corporation generated $12.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $5.6m during the year ending 06/2024. While expenses have increased by 1.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED FOR THE PURPOSE OF PROVIDING HOUSING AND RELATED SERVICES TO LOW-INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY OPERATIONS & MANAGEMENT - DIRECTLY OWNEDFOR THE FISCAL YEAR ENDED JUNE 30, 2024, OHDC PROVIDED HIGH QUALITY UNITS TO MORE THAN 2600 RESIDENTS, WITH RESIDENTS PROVIDING ANNUAL HOUSEHOLD INCOME CERTIFICATIONS CONFIRMING THEIR STATUS AS LOW-INCOME HOUSEHOLDS.
HOUSING DEVELOPMENTFOR THE FISCAL YEAR ENDING JUNE 30, 2024, THERE IS 1 PROJECT UNDER DEVELOPMENT. THIS PROJECT, WHEN COMPLETED, WILL PROVIDE 62 ADDITIONAL AFFORDABLE UNITS FOR LOW-INCOME FAMILIES.
HOUSING OPERATED AS PASS-THROUGH ENTITIES - GENERAL PARTNERSHIP INTERESTSOHDC WAS ORGANIZED IN 1990 FOR THE PURPOSE OF PROVIDING HOUSING AND RELATED SERVICES TO LOW-INCOME PERSONS. THE ORGANIZATION CURRENTLY OWNS AND OPERATES OVER 81 PROJECTS INCLUDING PARTICIPATION IN SECTION 42 REAL ESTATE PARTNERSHIPS OR LLCS, WHICH AGGREGATE 2,508 UNITS PLACED IN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Utter Chairman | OfficerTrustee | 0.3 | $0 |
John Aust Secretary | OfficerTrustee | 0.2 | $0 |
James F Gominsky Sr Board Member | Trustee | 0.2 | $0 |
Alheli Juarez Board Member | Trustee | 0.2 | $0 |
Toni Carlton Chief Financial Officer | OfficerTrustee | 0.2 | $0 |
Madison Aust Board Member | Trustee | 0.2 | $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 | $11,234,204 |
| Investment income | $930,902 |
| 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 | $12,165,106 |
| 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. | $500,119 |
| Compensation of current officers, directors, key employees. | $76,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,411 |
| Pension plan accruals and contributions | $48,335 |
| Other employee benefits | $85,182 |
| Payroll taxes | $52,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,911 |
| Fees for services: Accounting | $67,444 |
| 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 | $136,255 |
| 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 | $254,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $759,235 |
| Insurance | $191,776 |
| All other expenses | $1,309,778 |
| Total functional expenses | $5,642,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,696,673 |
| Savings and temporary cash investments | $27,731,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,944,858 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,153,872 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,337 |
| Net Land, buildings, and equipment | $17,373,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,919,993 |
| Intangible assets | $0 |
| Other assets | $310,703 |
| Total assets | $73,181,161 |
| Accounts payable and accrued expenses | $131,881 |
| 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 | $16,930,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $773,695 |
| Total liabilities | $17,835,899 |
| Net assets without donor restrictions | $55,345,262 |
| 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 | $73,181,161 |