Form 990 for tax year 2023
Filed by CAIR CALIFORNIA TITLE HOLDING CORPORATION.
Totals
- Total revenue
- $399,736
- Total expenses
- $283,372
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $399,149
- Investment income
- $0
- Other revenue
- $587
- Total assets, end of year
- $4,410,792
- Total liabilities, end of year
- $4,060,486
- Net assets or fund balances, end of year
- $350,306
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: RENTAL INCOME
total $399,149 · related or exempt $399,149
-
11a · Other revenue: OTHER INCOME
total $587 · excluded $587
-
11e · Other revenue, total
$587
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $10,700
-
11g · Fees: other
total $5,644
-
16 · Occupancy
total $73,302
-
22 · Depreciation, depletion and amortization
total $126,695
-
23 · Insurance
total $17,477
-
24a · Other expenses: BUILDING MAINTENANCE AN
total $40,104
-
24b · Other expenses: ASSOCIATION DUES
total $6,993
-
24c · Other expenses: MISCELLANEOUS
total $2,457
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,016 · end of year $170,800
-
3 · Pledges and grants receivable
beginning of year $987 · end of year $987
-
9 · Prepaid expenses and deferred charges
beginning of year $168 · end of year $236
-
10a · Land, buildings and equipment: cost or other basis
$5,146,571
-
10b · Land, buildings and equipment: accumulated depreciation
$907,802
-
10c · Land, buildings and equipment, net
beginning of year $2,161,803 · end of year $4,238,769
-
17 · Accounts payable and accrued expenses
beginning of year $19,359 · end of year $1,716
-
24 · Unsecured notes and loans payable
end of year $16,222
-
25 · Other liabilities
beginning of year $1,953,672 · end of year $4,042,548
-
27 · Net assets without donor restrictions
beginning of year $233,943 · end of year $350,306
Mission and programs · 2023
Mission
THE PURPOSE OF THE ORGANIZATION IS TO HOLD TITLE TO PROPERTY AND COLLECT INCOME THERE FROM, WHICH BELONGS TO OR DEDICATED TO THE EXCLUSIVE USE OF THE COUNCIL ON AMERICAN-ISLAMIC RELATION, N. CAL (THE "FOUNDATION"), AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3), AND TO TURN OVER ALL FUNDS RECEIVED FROM SUCH ACTIVITY, LESS THE NECESSARY EXPENSES, TO THE FOUNDATION.
Activities or mission (Part I)
HOLDING AND MANAGING REAL PROPERTY
-
HELD TITLE AND MANAGED THE REAL PROPERTY OF THE COUNCIL OF AMERICAN-ISLAMIC RELATION, CALIFORNIA (EIN 77-0411194), A CALIFORNIA EDUCATIONAL 501(C)(3) EXEMPT CORPORATION IN ORANGE COUNTY, SANTA CLARA COUNTY AND SACRAMENTO COUNTY. THE REAL PROPERTY WAS OCCUPIED BY THE ABOVE-NAMED ENTITY TO CARRY OUT ITS EXEMPT FUNCTIONS.HELD TITLE TO AND MANAGED TWO RESIDENTIAL PROPERTIES, ONE LOCATED IN SOUTHERN CALIFORNIA AND THE OTHER LOCATED IN FLORIDA ON BEHALF OF THE COUNCIL OF AMERICAN-ISLAMIC RELATION, CALIFORNIA.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sumera LakhaniSUMERA LAKHANI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Asaad TrainaASAAD TRAINA
PRESIDENT(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Amira YousefAMIRA YOUSEF
VICE PRESIDENT(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Shafeeq Shamsid-DeenSHAFEEQ SHAMSID-DEEN
SECRETARY(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1
-
Hafeez A MohammadHAFEEZ A MOHAMMAD
BOARD MEMBER(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Khydeeja AlamKHYDEEJA ALAM
BOARD MEMBER(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Safa CajeeSAFA CAJEE
BOARD MEMBER(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1
-
Ifftikhar WahlaIFFTIKHAR WAHLA
BOARD MEMBER(LEFT 11/23)
- Total calculated
- $0
- Hours/week
- 1
-
Asif HarsoliaASIF HARSOLIA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Fawad ShaiqFAWAD SHAIQ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Sameera DadabhoySAMEERA DADABHOY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Hussam AyloushHUSSAM AYLOUSH
CEO
- Total calculated
- $246,131
- From this org
- $0
- From related orgs
- $237,099
- Other
- $9,032
- Hours/week
- 2 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $214,769 related
- Bonus
- $0 + $10,000 related
- Other
- $0 + $12,330 related
- Deferred
- $0 + $7,113 related
- Nontaxable benefits
- $0 + $1,919 related
- Filer's total
- $0 + $246,131 related
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
The filer's explanations (Part III)
- PART I LINE 3
- THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED SECTION 501(C)(3) ORGANIZATION, COUNCIL ON AMERICAN-ISLAMIC RELATIONS, CALIFORNIA, WHERE HE SERVES AS THE CEO. COUNCIL ON AMERICAN-ISLAMIC RELATIONS, CALIFORNIA'S BOARD HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO MR. HUSSAM AYLOUSH INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF ITS APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION.
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
No itemized grants to organizations 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.
-
COUNCIL ON AMERICAN-ISLAMIC RELATIONS CALIFORNIA
501(C)(3) · EDUCATIONAL · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349320620
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