Skip to content
Nonprofiteer
← IRVINE CAMPUS HOUSING AUTHORITY

Form 990 for tax year 2024

Filed by IRVINE CAMPUS HOUSING AUTHORITY.

Totals

Total revenue
$22,421,348
Total expenses
$19,871,183
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,596,002
Investment income
$825,346
Other revenue
$0
Total assets, end of year
$117,622,934
Total liabilities, end of year
$67,310,212
Net assets or fund balances, end of year
$50,312,722
Program services expenses (Part IX)
$19,025,135
Management and general expenses
$846,048
Fundraising expenses
$0
Program service expenses (Part III)
$19,025,135

Program services were 95.7% 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.

  • 2a · Program service revenue: RENTAL INCOME/ GROUND SUBLEASE

    total $11,619,130 · related or exempt $11,619,130

  • 2b · Program service revenue: HOME SALES

    total $4,609,136 · related or exempt $4,609,136

  • 2c · Program service revenue: MAINTENANCE ASSESSMENTS

    total $2,185,252 · related or exempt $2,185,252

  • 2d · Program service revenue: SHARED APPRECIATION INCOME

    total $1,169,886 · related or exempt $1,169,886

  • 2e · Program service revenue: RESIDENT WATER AND SEWER

    total $1,039,778 · related or exempt $1,039,778

  • 2f · All other program service revenue

    total $972,820 · related or exempt $972,820

  • 3 · Investment income

    total $825,346 · excluded $825,346

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $732,780 · program services $586,224 · management and general $146,556

  • 7 · Other salaries and wages

    total $2,486,454 · program services $2,359,318 · management and general $127,136

  • 8 · Pension plan contributions

    total $302,782 · program services $291,055 · management and general $11,727

  • 9 · Other employee benefits

    total $923,916 · program services $876,611 · management and general $47,305

  • 10 · Payroll taxes

    total $227,703 · program services $212,085 · management and general $15,618

  • 11b · Fees: legal

    total $80,458 · management and general $80,458

  • 11c · Fees: accounting

    total $80,530 · management and general $80,530

  • 11g · Fees: other

    total $296,140 · program services $274,322 · management and general $21,818

  • 13 · Office expenses

    total $138,642 · program services $110,196 · management and general $28,446

  • 14 · Information technology

    total $78,366 · program services $65,174 · management and general $13,192

  • 16 · Occupancy

    total $62,929 · program services $53,357 · management and general $9,572

  • 20 · Interest

    total $1,462,227 · program services $1,462,227

  • 22 · Depreciation, depletion and amortization

    total $1,737,850 · program services $1,563,389 · management and general $174,461

  • 23 · Insurance

    total $545,950 · program services $485,390 · management and general $60,560

  • 24a · Other expenses: MAINTENANCE OF HOUSING

    total $4,408,660 · program services $4,408,660

  • 24b · Other expenses: COST OF HOMES SOLD

    total $4,126,538 · program services $4,126,538

  • 24c · Other expenses: COMMON AREA UTILITIES

    total $1,000,522 · program services $1,000,522

  • 24d · Other expenses: COST OF RESIDENT WATER

    total $985,702 · program services $985,702

  • 24e · All other expenses

    total $193,034 · program services $164,365 · management and general $28,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $428,927 · end of year $244,089

  • 2 · Savings and temporary cash investments

    beginning of year $19,165,641 · end of year $20,224,966

  • 4 · Accounts receivable

    beginning of year $184,104 · end of year $256,535

  • 8 · Inventories for sale or use

    beginning of year $5,809,915 · end of year $6,623,699

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

    $80,995,978

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

    $18,180,273

  • 10c · Land, buildings and equipment, net

    beginning of year $64,442,676 · end of year $62,815,705

  • 15 · Other assets

    beginning of year $28,500,803 · end of year $27,457,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,886,289 · end of year $1,346,875

  • 19 · Deferred revenue

    beginning of year $76,711 · end of year $80,050

  • 23 · Secured mortgages and notes payable

    beginning of year $30,738,557 · end of year $29,352,023

  • 25 · Other liabilities

    beginning of year $37,891,028 · end of year $36,531,264

  • 27 · Net assets without donor restrictions

    beginning of year $47,939,481 · end of year $50,312,722

Mission and programs · 2024

Mission

THE ORGANIZATION WAS CREATED BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA FOR THE PURPOSE OF DEVELOPING AND MAINTAINING AFFORDABLE HOUSING AND RELATED FACILITIES TO FACULTY AND STAFF OF THE UNIVERSITY OF CALIFORNIA, WITH A SPECIAL FOCUS ON UC IRVINE. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO THE UNIVERSITY OF CALIFORNIA.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE FACULTY AND STAFF HOUSING FOR THE UNIVERSITY OF CALIFORNIA, WITH A SPECIAL FOCUS ON UC IRVINE.

  • THE IRVINE CAMPUS HOUSING AUTHORITY DEVELOPS AND MAINTAINS AFFORDABLE HOUSING AND RELATED FACILITIES FOR THE EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA, WITH A SPECIAL FOCUS ON UC IRVINE.

    Expenses $19,025,135 · Revenue $21,596,002

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victor Van Zandt

    PRESIDENT / CEO

    Total calculated
    $281,133
    From this org
    $213,348
    From related orgs
    $0
    Other
    $67,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,348
    Bonus
    $0
    Other
    $0
    Deferred
    $34,459
    Nontaxable benefits
    $33,326
    Filer's total
    $281,133

  • Andrew Herndon

    VP, COMMUNITY DEV.

    Total calculated
    $238,895
    From this org
    $170,752
    From related orgs
    $0
    Other
    $68,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,752
    Bonus
    $0
    Other
    $0
    Deferred
    $27,249
    Nontaxable benefits
    $40,894
    Filer's total
    $238,895

  • Jennifer Barb

    VP OF FINANCE

    Total calculated
    $207,902
    From this org
    $158,730
    From related orgs
    $0
    Other
    $49,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,730
    Bonus
    $0
    Other
    $0
    Deferred
    $20,707
    Nontaxable benefits
    $28,465
    Filer's total
    $207,902

  • Elaine Vatakis

    VP, RENTAL HOUSING

    Total calculated
    $195,462
    From this org
    $143,840
    From related orgs
    $0
    Other
    $51,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,840
    Bonus
    $0
    Other
    $0
    Deferred
    $23,342
    Nontaxable benefits
    $28,280
    Filer's total
    $195,462

  • Karlie George

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $193,269
    From this org
    $136,031
    From related orgs
    $0
    Other
    $57,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,031
    Bonus
    $0
    Other
    $0
    Deferred
    $22,652
    Nontaxable benefits
    $34,586
    Filer's total
    $193,269

  • Jennifer Aaron

    CHAIR

    Total calculated
    $306,740
    From this org
    $7,200
    From related orgs
    $228,874
    Other
    $70,666
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $7,200 + $228,874 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,939 related
    Nontaxable benefits
    $0 + $36,727 related
    Filer's total
    $7,200 + $299,540 related

  • Tyrus Miller

    SECRETARY/TREASURER

    Total calculated
    $436,864
    From this org
    $0
    From related orgs
    $372,226
    Other
    $64,638
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,526 related
    Bonus
    $0
    Other
    $0 + $14,700 related
    Deferred
    $0 + $47,843 related
    Nontaxable benefits
    $0 + $16,795 related
    Filer's total
    $0 + $436,864 related

  • Samara Larson

    BOARD MEMBER

    Total calculated
    $198,578
    From this org
    $0
    From related orgs
    $157,403
    Other
    $41,175
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,403 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,204 related
    Nontaxable benefits
    $0 + $27,971 related
    Filer's total
    $0 + $198,578 related

  • Suzanne Sandmeyer

    BOARD MEMBER

    Total calculated
    $402,143
    From this org
    $0
    From related orgs
    $321,545
    Other
    $80,598
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,049 related
    Bonus
    $0
    Other
    $0 + $20,496 related
    Deferred
    $0 + $44,332 related
    Nontaxable benefits
    $0 + $36,266 related
    Filer's total
    $0 + $402,143 related

  • Nancy Dasilva

    BOARD MEMBER

    Total calculated
    $366,228
    From this org
    $0
    From related orgs
    $321,687
    Other
    $44,541
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,132 related
    Bonus
    $0 + $12,555 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $32,648 related
    Nontaxable benefits
    $0 + $11,893 related
    Filer's total
    $0 + $366,228 related

  • Gillian Hayes

    BOARD MEMBER

    Total calculated
    $429,302
    From this org
    $0
    From related orgs
    $350,488
    Other
    $78,814
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,138 related
    Bonus
    $0
    Other
    $0 + $350 related
    Deferred
    $0 + $47,372 related
    Nontaxable benefits
    $0 + $31,442 related
    Filer's total
    $0 + $429,302 related

  • Ian Williamson

    BOARD MEMBER

    Total calculated
    $615,116
    From this org
    $0
    From related orgs
    $584,692
    Other
    $30,424
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,692 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,424 related
    Filer's total
    $0 + $615,116 related

  • Michelle Thrakulchavee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Watanabe-Unitl 122024

    BOARD MEMBER

    Total calculated
    $304,179
    From this org
    $0
    From related orgs
    $258,753
    Other
    $45,426
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,753 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $35,232 related
    Nontaxable benefits
    $0 + $10,194 related
    Filer's total
    $0 + $304,179 related

  • Heika Rau

    BOARD MEMBER

    Total calculated
    $309,592
    From this org
    $0
    From related orgs
    $265,993
    Other
    $43,599
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,993 related
    Bonus
    $0
    Other
    $0 + $24,000 related
    Deferred
    $0 + $34,984 related
    Nontaxable benefits
    $0 + $8,615 related
    Filer's total
    $0 + $309,592 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

  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 March 2026
IRS schema version
2024v5.5
Source object
202630769349301463

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

The source document this was parsed from is served over the API, which is where bulk and document access live.