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Nonprofiteer
← NORTH CAMPUS DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by NORTH CAMPUS DEVELOPMENT CORP.

Totals

Total revenue
$1,222,020
Total expenses
$1,120,574
Contributions and grants received
$0
Grants paid
$750,000
Program service revenue
$0
Investment income
$354,552
Other revenue
$867,468
Total assets, end of year
$5,383,709
Total liabilities, end of year
$77,627
Net assets or fund balances, end of year
$5,306,082
Program services expenses (Part IX)
$1,067,930
Management and general expenses
$52,644
Fundraising expenses
$0
Program service expenses (Part III)
$1,067,930

Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $109,312 · excluded $109,312

  • 6a · Gross rents

    real property $867,468

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $867,468

  • 6d · Net rental income or loss

    total $867,468 · excluded $867,468

  • 7a · Gross sales of assets other than inventory

    securities $2,572,188

  • 7b · Less cost or other basis and sales expenses

    securities $2,326,948

  • 7c · Gain or loss

    securities $245,240

  • 7d · Net gain or loss

    total $245,240 · excluded $245,240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $750,000 · program services $750,000

  • 11b · Fees: legal

    total $959 · program services $959

  • 11c · Fees: accounting

    total $23,695 · management and general $23,695

  • 11g · Fees: other

    total $201,491 · program services $181,342 · management and general $20,149

  • 16 · Occupancy

    total $49,300 · program services $49,300

  • 23 · Insurance

    total $6,706 · management and general $6,706

  • 24a · Other expenses: PRE-DEVELOPMENT EXPENSE

    total $86,329 · program services $86,329

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,362 · management and general $1,362

  • 24e · All other expenses

    total $732 · management and general $732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,805,364 · end of year $859,376

  • 2 · Savings and temporary cash investments

    beginning of year $444,981 · end of year $1,516,973

  • 4 · Accounts receivable

    beginning of year $14,872 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,595,744 · end of year $2,616,361

  • 15 · Other assets

    beginning of year $416,163 · end of year $390,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,780 · end of year $695

  • 19 · Deferred revenue

    beginning of year $48,354 · end of year $48,354

  • 21 · Escrow or custodial account liability

    beginning of year $18,786 · end of year $18,786

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,792

  • 27 · Net assets without donor restrictions

    beginning of year $5,186,204 · end of year $5,306,082

Mission and programs · 2023

Mission

NORTH CAMPUS DEVELOPMENT CORPORATION IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND IS INSTRUMENTAL IN THE DEVELOPMENT OF 65 ACRES OF UNIVERSITY-OWNED LAND (NORTH CAMPUS). THE CORPORATION HAS SET GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE UNIVERSITY'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY.

  • UNIVERSITY PROJECTS - SEE SCHEDULE O

    Expenses $1,067,930 · Grants $750,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ERIKA BECK

    CHAIR

    Total calculated
    $596,612
    From this org
    $0
    From related orgs
    $513,675
    Other
    $82,937
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,123 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $12,552 related
    Deferred
    $0 + $46,733 related
    Nontaxable benefits
    $0 + $36,204 related
    Filer's total
    $0 + $596,612 related

  • COLIN DONAHUE

    SECRETARY & TREASURER

    Total calculated
    $426,760
    From this org
    $0
    From related orgs
    $302,292
    Other
    $124,468
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,034 related
    Bonus
    $0
    Other
    $0 + $258 related
    Deferred
    $0 + $97,248 related
    Nontaxable benefits
    $0 + $27,220 related
    Filer's total
    $0 + $426,760 related

  • WILLIAM WATKINS

    DIRECTOR

    Total calculated
    $406,706
    From this org
    $0
    From related orgs
    $291,795
    Other
    $114,911
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,559 related
    Bonus
    $0
    Other
    $0 + $1,236 related
    Deferred
    $0 + $93,201 related
    Nontaxable benefits
    $0 + $21,710 related
    Filer's total
    $0 + $406,706 related

  • RICK EVANS

    PRESIDENT & EXEC DIRECTOR

    Total calculated
    $283,471
    From this org
    $0
    From related orgs
    $206,372
    Other
    $77,099
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,976 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $66,109 related
    Nontaxable benefits
    $0 + $10,990 related
    Filer's total
    $0 + $283,471 related

  • JIMMY GANDHI

    DIRECTOR

    Total calculated
    $272,047
    From this org
    $0
    From related orgs
    $185,367
    Other
    $86,680
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,367 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $59,574 related
    Nontaxable benefits
    $0 + $27,106 related
    Filer's total
    $0 + $272,047 related

  • GRACE SLAVIK

    ASSOC. EXEC. DIR. FINANCIAL SERVICES

    Total calculated
    $158,851
    From this org
    $0
    From related orgs
    $123,908
    Other
    $34,943
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,724 related
    Bonus
    $0
    Other
    $0 + $184 related
    Deferred
    $0 + $6,460 related
    Nontaxable benefits
    $0 + $28,483 related
    Filer's total
    $0 + $158,851 related

  • PAIGE HAJILOO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 3.2 related

  • DAVID HONDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CALIFORNIA STATE UNIVERSITY, NORTHRIDGE, A RELATED ORGANIZATION, ESTABLISHED AND MAINTAINS THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IN CALENDAR YEAR 2023. COMPENSATION IS DETERMINED BY CAMPUS OFFICE OF HUMAN RESOURCES USING CALIFORNIA STATE UNIVERSITY APPROVED METHODOLOGIES FOR DETERMINING COMPARABLE COMPENSATION.
PART II:
COMPENSATION FOR RICK EVANS WAS PAID BY CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND THEN REIMBURSED 35% BY NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION AND 65% BY THE UNIVERSITY CORPORATION, AN AFFILIATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349303216

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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