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Nonprofiteer
← TUSTIN AFFORDABLE HOUSING CORPORATION

Form 990 for tax year 2025

Filed by TUSTIN AFFORDABLE HOUSING CORPORATION.

Totals

Total revenue
$2,847,336
Total expenses
$2,804,288
Contributions and grants received
$600,000
Grants paid
$746,405
Program service revenue
$2,068,197
Investment income
$179,139
Other revenue
$0
Total assets, end of year
$13,625,214
Total liabilities, end of year
$14,245,892
Net assets or fund balances, end of year
-$620,678
Program services expenses (Part IX)
$2,765,281
Management and general expenses
$39,007
Fundraising expenses
$0
Program service expenses (Part III)
$2,765,281

Program services were 98.6% 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.

  • 1f · All other contributions, gifts and grants

    $600,000

  • 2a · Program service revenue: RENTAL INCOME

    total $2,022,431 · related or exempt $2,022,431

  • 2b · Program service revenue: OTHER INCOME

    total $17,830 · related or exempt $17,830

  • 2c · Program service revenue: LAUNDRY/VENDING

    total $13,603 · related or exempt $13,603

  • 2d · Program service revenue: GARAGE PARKING

    total $8,700 · related or exempt $8,700

  • 2e · Program service revenue: UTILITY INCOME

    total $5,333 · related or exempt $5,333

  • 2f · All other program service revenue

    total $300 · related or exempt $300

  • 3 · Investment income

    total $179,139 · related or exempt $179,139

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $746,405 · program services $746,405

  • 11a · Fees: management

    total $92,783 · program services $92,783

  • 11b · Fees: legal

    total $4,384 · management and general $4,384

  • 11c · Fees: accounting

    total $5,250 · management and general $5,250

  • 12 · Advertising and promotion

    total $6,357 · program services $6,357

  • 13 · Office expenses

    total $8,736 · program services $8,736

  • 14 · Information technology

    total $19,412 · program services $19,412

  • 20 · Interest

    total $640,907 · program services $640,907

  • 22 · Depreciation, depletion and amortization

    total $322,421 · program services $322,421

  • 23 · Insurance

    total $83,704 · program services $83,704

  • 24a · Other expenses: LOAN EXIT FEE

    total $281,334 · program services $281,334

  • 24b · Other expenses: PAYROLL REIMBURSEMENTS

    total $179,676 · program services $179,676

  • 24c · Other expenses: UTILITIES

    total $97,949 · program services $97,949

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $88,397 · program services $88,397

  • 24e · All other expenses

    total $226,573 · program services $197,200 · management and general $29,373

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $691,312 · end of year $8,278,246

  • 2 · Savings and temporary cash investments

    beginning of year $300 · end of year $300

  • 4 · Accounts receivable

    beginning of year $19,310 · end of year $19,438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,852 · end of year $33,976

  • 10a · Land, buildings and equipment: cost or other basis

    $9,477,528

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,614,693

  • 10c · Land, buildings and equipment, net

    beginning of year $4,799,562 · end of year $4,862,835

  • 15 · Other assets

    beginning of year $89,008 · end of year $430,419

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,683 · end of year $91,181

  • 23 · Secured mortgages and notes payable

    beginning of year $6,191,730 · end of year $14,100,000

  • 25 · Other liabilities

    beginning of year $53,479 · end of year $54,711

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$663,548 · end of year -$620,678

Mission and programs · 2025

Mission

TO PROVIDE AT LEAST SEVENTY-FIVE PERCENT OF HOUSING UNITS IN THE HOUSING PROJECT TO LOW AND VERY LOW INCOME FAMILIES.

Activities or mission (Part I)

TO PROVIDE LOW COST HOUSING TO OTHER THAN THE ELDERLY SO AS TO RELIEVE THE POOR AND DISTRESSED AND TO INCREASE THE INVENTORY OF LOW AND VERY LOW INCOME HOUSING.

  • TO PROVIDE LOW COST HOUSING TO OTHER THAN THE ELDERLY SO AS TO RELIEVE THE POOR AND EMANCIPATED YOUTH OF ORANGEWOOD FOUNDATION, A NON-PROFIT CORPORATION. TO INCREASE THE INVENTORY OF LOW AND VERY LOW INCOME HOUSING.

    Expenses $2,018,876 · Revenue $2,847,336

  • TO PROVIDE FUNDING TO ORANGEWOOD FOUNDATION, A NON-PROFIT CORPORATION, TO FACILITATE PROGRAMS THAT PROVIDE ASSISTANCE TO UNDERPRIVILEGED YOUTHS. ALSO, TO PROVIDE TO PROVIDE FUNDING TO RISING TIDE HOUSING CORPORATION, A RELATED PARTY NON-PROFIT CORPORATION, TO FACILITATE THE ACQUISITION OF MULTIFAMILY AFFORDABLE HOUSING PROPERTY.

    Expenses $746,405 · Grants $746,405

As filed on the 2025 return.

Listed in Part VII

  • Dennis J Sweeney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Simonsen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dick Gochnauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Dillion

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mitch Vance

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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.

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
2025
Filed
10 September 2026
IRS schema version
2025v4.2
Source object
202612539349301516

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