2024-11-13T17:47:40-06:00 2024-06-30 330688990 RAGUSE ACCOUNTANCY 150 EL CAMINO REAL 200 TUSTIN CA 92780 990 2023-07-01 330503605 WALNUT-PIXLEY INC WALN 7147711439 414 E CHAPMAN AVENUE ORANGE CA 928661510 EUNICE BOBERT EXECUTIVE DIRECTOR 7147711439 2024-11-13 1 1 MICHAEL R RAGUSE P00166972 7145444829 2024-11-13 X 2023 2024-10-15 13:58:12Z EUNICE BOBERT 414 E CHAPMAN AVENUE ORANGE CA 928661510 40932 0 X N/A X 1992 CA ACQUISITION, DEVELOPMENT, AND OPERATION OF LOW-INCOME HOUSING, INCLUDING PARTICIPATION IN REAL ESTATE PARTNERSHIPS AS THE NONPROFIT GENERAL PARTNER. 5 5 0 0 0 0 0 0 0 0 4415 17609 28682 23323 33097 40932 0 0 0 0 0 0 0 0 0 4023 4062 4023 4062 29074 36870 1484383 1521253 0 0 1484383 1521253 WALNUT-PIXLEY INC WAS ESTABLISHED TO EXPAND HOUSING OPPORTUNITIES FOR LOW-INCOME HOUSEHOLDS. 0 0 4062 23323 MISSION-BASED INVESTINGTO FOSTER HOUSING FOR LOW-INCOME FAMILIES AND SENIORS THE ORGANIZATION PARTICIPATES IN SECTION 42 LIMITED PARTNERSHIPS WHICH QUALIFY UNDER THE LOW-INCOME HOUSING TAX CREDIT PROGRAMS. THE OWNERSHIP PERCENTAGE AS THE NONPROFIT PARTNER IS GENERALLY 1% OR LESS AND FOR MANY PROJECTS THE UP-FRONT CAPITAL CONTRIBUTIONS IS NOT REQUIRED OR INSIGNIFICANT. PARTICIPATION IN HOUSING PARTNERSHIPS IS AN EXTENSION OF THE MISSION TO PROVIDE LONG-TERM AFFORDABLE HOUSING. 4062 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X THE ORGANIZATION 7147711439 414 E CHAPMAN AVE ORANGE CA 928661510 X DAVE VALENTINE DIRECTOR 0.10 X 0 0 0 BARRY COTTLE SECRETARY 0.10 X X 0 0 0 TONI CARLTON CHAIRPERSON 0.10 X X 0 0 0 DAVE WEILMUENSTER DIRECTOR 0.10 X 0 0 0 JAN MICKELSON-WEILMUENSTER DIRECTOR 0.10 X 0 0 0 EUNICE BOBERT EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 17609 17609 WAL-PIX, LP INSTALL NO 531390 23323 23323 23323 40932 23323 0 17609 1300 1300 25 25 2733 2733 BANK CHARGES 4 4 4062 4062 0 0 X 1014074 1205834 470309 315419 1484383 1521253 0 0 X 1484383 1521253 1484383 1521253 1484383 1521253 36870 0 X 0 0 0 X 34077 34077 33583 28683 23322 153742 34077 34077 33583 28683 23322 153742 0 0 0 153742 1301 155 72 4415 17609 23552 1301 155 72 4415 17609 23552 35378 34232 33655 33098 40931 177294 0.86720 0.95830 0.13280 0.04170 X 0 NOTE RECEIVABLE 308679 C INTEREST RECEIVABLE 4206 C INVESTMENT IN LIMITED PARTNERSHIPS 2534 C 315419 FORM 990, PART VI, SECTION B, LINE 11B PAGE 6 WE SEND ELECTRONIC COPIES OF THE FORM 990 AND ASSOCIATED SCHEDULES TO EACH BOARD MEMBER AS AN ATTACHMENT TO AN ELECTRONIC MAIL. EACH MEMBER IS REQUESTED TO REVEIEW THE DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 12C PAGE 6 AT THE INITIAL MEETING EACH YEAR, THE POLICY IS READ AND EACH MEMBER IS REQUESTED TO SIGN THE CONFLICT OF INTEREST POLICY. THE TERMS OF THE POLICY REQUIRE THEM TO DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 PAGE 6 DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT THE CORPORATE OFFICE. THE DOCUMENTS ARE IN OUR PHYSICAL FILES. FORM 990, PART X, LINE 13 - NOTE RECEIVABLE THE ORGANIZATION HAS A PROMISSORY NOTE FROM WALNUT-PIXLEY LP AS A RESULT OF A LAND SALE. SECTION 42 REGULATES THE USE OF THE PROJECT AS TO OCCUPANT ELIGIBILITY AND UNIT GROSS RENT, AMONG OTHER REQUIREMENTS. IN ADDITION, THE PARTNERSHIP HAS EXECUTED A DECLARATION OF LAND USE RESTRICTION AGREEMENT, WHICH REQUIRES THE UTILIZATION OF THE PROJECT AS LOW-INCOME FOR A MINIMUM OF 55 YEARS. BALANCE AT YEAR-END: $308,679 FORM 990, PART X, LINE 13 - ACCRUED INTEREST RECEIVABLE THE SALE OF LAND ENABLED THE ORGANIZATION TO DEVELOP LOW-INCOME HOUSING, SINCE THE LAND WAS SOLD TO AN OPERATING REAL ESTATE PARTNERSHIP TO UTILIZE FOR LOW-INCOME HOUSING. IN ACCORDANCE WITH REG. 1.509(A)-3(M), THE INTEREST INCOME FROM THE INSTALLMENT NOTE IS TREATED AS GROSS RECEIPTS FROM EXEMPT FUNCTION INCOME AND NOT INVESTMENT INCOME FOR DETERMINING THE PUBLIC SUPPORT TEST. BALANCE AT YEAR-END: $4,205. ORANGE HOUSING DEVELOPMENT CORPORATION 414 E CHAPMAN AVE ORANGE CA 92866 330427434 LOW-INCOME HOUSING CA 501(C)(3) 509(A)(2) N/A 0 WALNUT-PIXLEY LP 414 E CHAPMAN AVE ORANGE CA 92866 330535385 LOW-INCOME HOUSING CA RELATED 1591 0 1 0.01000 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0