2024-11-14T17:00:30+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 725 South Figueroa Street LOS ANGELES CA 900175418 990 2023-01-01 951416326 The Fairfield Homes Title Holding CO Inc FAIR 7603415293 PO BOX 13390 PALM DESERT CA 922553390 JOSEPH K GLASSETT CFO 7603415293 2024-11-14 true CHRISTOPHER KEARLEY P01245937 2139773200 2024-11-14 2023 2024-10-15 13:58:12Z CHRISTOPHER MCGUIRE PO BOX 13390 PALM DESERT CA 922553390 1173948 false X N/A X 2011 CA TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO THE H.N. AND FRANCES C. BERGER FOUNDATION. 5 0 17 0 0 0 0 0 1074 2042 1155477 1165278 1156551 1167320 0 0 307461 382832 0 0 10923 10312 318384 393144 838167 774176 13636548 13637270 11817 12539 13624731 13624731 AS OF THE FILING DATE, THE 2023 NET EARNINGS OF $774,175, REQUIRED TO BE DISTRIBUTED TO THE H.N. AND FRANCES C. BERGER FOUNDATION HAVE BEEN PAID. THE ORGANIZATION SERVES AS THE COMMON PAYMASTER FOR THE FOUNDATION. false false TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO THE H.N. AND FRANCES C. BERGER FOUNDATION. 0 false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 5 0 true 17 true false false false false false false false false X 5 0 true false false false true true false true false false false true true true true true true true false false CA AZ X JOSEPH K GLASSETT 7603415293 PO BOX 13390 PALM DESERT CA 922553390 CHRISTOPHER MCGUIRE PRESIDENT/CHAIRMAN-BOARD 5.0 55.0 X X 42278 819282 281092 DOUGLASS VANCE DIRECTOR/OFFICER VP-R.ESTATE 4.0 55.0 X X 47913 926351 359288 JOAN KALIMANIS DIRECTOR 3.0 29.0 X X 2202 93907 224734 MICHAEL ROVER DIRECTOR 4.0 55.0 X X 29838 582925 162606 DARRELL BURRAGE DIRECTOR 4.0 38.0 X 7011 89099 217403 JOSEPH GLASSETT OFFICER VP-FINANCE 4.0 45.0 X 7840 250869 44631 137082 2762433 1289754 0 false true false 0 0 0 0 0 0 0 2042 2042 373539 6628 366911 0 366911 366911 0 0 INCOME FROM LLC 900099 798367 798367 0 0 0 0 798367 1167320 798367 0 368953 137082 108086 72284 52503 12877 5484 0 OVERHEAD OPERATING EXPENSES 4558 CORPORATE FEES 270 0 393144 0 1788591 1703706 0 0 0 0 0 0 0 0 0 955893 567713 388180 388180 0 0 0 0 11459777 11545384 13636548 13637270 0 0 0 0 0 0 0 0 0 11817 12539 11817 12539 0 0 X 35000 35000 13589731 13589731 0 13624731 13624731 13636548 13637270 X 774176 -774176 X false true X true false 388180 388180 567713 567713 0 388180 INVESTMENT IN SIMPSONVILLE, LLC 11146545 DUE FROM RELATED ENTITIES, NET 398839 11545384 SECURITY DEPOSITS 11440 TENANT PROPERTY TAX IMPOUND 1099 DEFERRED RENT 12539 false false false CHRISTOPHER MCGUIRE PRESIDENT/CHAIRMAN-BOARD 41053 780007 225 4275 1000 35000 11253 217813 2601 49425 56132 1086520 0 0 DOUGLASS VANCE DIRECTOR/OFFICER VP-R.ESTATE 45413 862851 1500 28500 1000 35000 14126 272777 3619 68766 65658 1267894 0 0 MICHAEL ROVER DIRECTOR 27838 528925 1000 19000 1000 35000 0 99015 3180 60411 33018 742351 0 0 JOAN KALIMANIS DIRECTOR 1172 57437 30 1470 1000 35000 0 196004 575 28155 2777 318066 0 0 DARRELL BURRAGE DIRECTOR 5861 52749 150 1350 1000 35000 0 171152 4625 41626 11636 301877 0 0 JOSEPH GLASSETT OFFICER VP-FINANCE 7390 236469 450 14400 0 0 0 0 1352 43279 9192 294148 0 0 Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ALSO SERVE AS OFFICERS AND DIRECTORS OF THE H.N. AND FRANCES C. BERGER FOUNDATION ("BERGER"). - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders BERGER IS A TAX-EXEMPT PRIVATE FOUNDATION THAT OWNS 100% OF THE FAIRFIELD COMMON STOCK. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body BERGER'S BOARD OF DIRECTORS ELECTS BOARD MEMBERS OF THE FAIRFIELD GOVERNING BODY. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body NO OTHER COMMITTEES EXIST. Form 990, Part VI, Line 11b Review of form 990 by governing body ALL BOARD MEMBERS ARE GIVEN A COPY OF THE FORM 990 PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy PURSUANT TO THE CONFLICT OF INTEREST POLICY, ANY CONFLICTS ARE REQUIRED TO BE DISCLOSED TO THE BOARD OF DIRECTORS AS THEY OCCUR. THE BOARD OF DIRECTORS WILL REVIEW ANY CONFLICTS AND ACT APPROPRIATELY PURSUANT TO THE TERMS OF THE POLICY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE OF BERGER, IN COOPERATION WITH FAIRFIELD, INDEPENDENTLY REVIEWS THE TOTAL COMPENSATION PACKAGES OF THE OFFICERS AND DIRECTORS COMPENSATED REASONABLY. THE COMPENSATION COMMITTEE THEN RECOMMENDS THE COMPENSATION PACKAGES FOR THE FOLLOWING YEAR TO THE BOARD OF DIRECTORS OF BERGER. THIS ANNUAL REVIEW AND RECOMMENDATION BASED UPON THE ANNUAL COST OF LIVING INCREASE FOR THE GEOGRAPHIC AREA AS REPORTED BY FEDERAL AND STATE GOVERNMENT AGENCIES, IN ADDITION TO COMPARABLE COMPENSATION OFFERED TO INDIVIDUALS IN COMPARABLE POSITIONS. AN INDEPENDENT COMPENSATION STUDY WAS PERFORMED AND THE ANNUAL REVIEWS IN SUBSEQUENT YEARS DONE BASED ON THE STUDY. THE COMPENSATION COMMITTEE HIRED A NATIONAL CONSULTING FIRM IN THE FOURTH QUARTER OF 2019 TO PERFORM A COMPREHENSIVE INDEPENDENT COMPENSATION STUDY. THE FIRM CONFIRMED THE REASONABLENESS OF 2019 COMPENSATION PACKAGE OF THE OFFICERS AND DIRECTORS OF BERGER AND FAIRFIELD AND USE BY THE COMPENSATION COMMITTEE TO DEVELOP PROPOSED 2023 COMPENSATION PACKAGES THAT WERE APPROVED BY THE BERGER BOARD OF DIRECTORS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 8 THE AMOUNT OF CONTRIBUTION WAS MADE TO ACCELERATE REACHING AN ADJUSTED FUNDING TARGET ATTAINMENT OF 100%. Form 990, Part XI, Line 9 Other changes in net assets or fund balances FAIRFIELD IS REQUIRED TO PAY DIVIDENDS TO ITS SHAREHOLDER, BERGER, IN AN AMOUNT AT LEAST EQUAL TO NET INCOME. AS OF DECEMBER 31, 2023, DIVIDENDS EQUAL TO THE 2023 NET INCOME OF $774,176 WAS PAID. - -774176; THE HN & FRANCES C BERGER FOUNDATION PO BOX 13390 PALM DESERT CA 92255 521757452 GRANT MAKING DE 501(c)(3) PF NA false SIMPSONVILLE LLC 75-200 CLASSIC CLUB BLVD Palm Desert CA 92211 814392075 RENTAL REAL EST. DE NA N/A false false 0.75 false false false false false false false false false false false false false false true false true true false