2024-11-14T07:47:50-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 943099401 MERRITT COMMUNITY CAPITAL CORPORATION MERR 5104447870 1901 HARRISON STREET 1650 OAKLAND CA 94612 NEDRAH BARNES CHIEF FINANCIAL OFFICER 5104447870 2024-11-13 1 0 NANCY MORTON P00370064 3178485700 2023 2024-10-15 13:58:12Z NEDRAH BARNES 1901 HARRISON STREET 1650 OAKLAND CA 94612 7447840 0 X WWW.MERRITTCAP.ORG X 1989 CA TO SUPPORT AND RAISE CAPITAL FOR THE DEVELOPMENT OF LOW TO MODERATE-INCOME HOUSING IN THE STATE OF CALIFORNIA. 14 14 14 0 0 0 543552 0 9961782 7237856 47089 209984 0 0 10552423 7447840 904236 936407 0 0 3184699 3128939 0 0 0 1344116 1880919 5433051 5946265 5119372 1501575 31748169 41740384 3982238 12472878 27765931 29267506 TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS. 0 0 4814276 936407 7447840 THE CORPORATION WAS FORMED TO ACT AS THE GENERAL PARTNER IN PARTNERSHIPS WHICH HAVE INVESTED IN LOCAL PARTNERSHIPS, WHICH BUILD OR REHABILITATE UNITS OF AFFORDABLE HOUSING UNDER THE PROVISIONS OF IRS SEC. 42. THE CORPORATION PROVIDES SUPPORTING SERVICES TO THESE PARTNERSHIPS ON AN ONGOING BASIS. 4814276 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 14 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NEDRAH BARNES 5104447870 1901 HARRISON ST SUITE 1650 OAKLAND CA 94612 CECILE CHALIFOUR CHAIRPERSON 0.50 0.50 X X 0 0 0 ROBERT WILLIAMS VICE CHAIRPERSON 0.50 0.50 X X 0 0 0 GINA LEON SECRETARY 0.50 0.50 X X 0 0 0 WELTON JORDAN TREASURER 0.50 0.50 X X 0 0 0 CHIONE FLEGAL DIRECTOR 0.50 0.50 X 0 0 0 DORA LEONG GALLO DIRECTOR 0.50 0.50 X 0 0 0 STEVE HERMAN DIRECTOR 0.50 0.50 X 0 0 0 RAY MENDOZA DIRECTOR 0.50 0.50 X 0 0 0 GISELA SALGADO DIRECTOR 0.50 0.50 X 0 0 0 STEVE SPEARS DIRECTOR 0.50 0.50 X 0 0 0 KAREN TIEDEMANN DIRECTOR 0.50 0.50 X 0 0 0 DARNELL WILLIAMS DIRECTOR 0.50 0.50 X 0 0 0 REGINA CELESTIN WILLIAMS DIRECTOR 0.50 0.50 X 0 0 0 ARI BELIAK PRESIDENT & CEO 40.00 40.00 X 420385 0 47138 PAUL CARNEY CFO/COO 40.00 40.00 X 312000 0 26193 DAVID DOLOGITE DIRECTOR OF ACQUISITIONS 40.00 40.00 X 320500 0 24745 JULIE QUINN DIRECTOR OF INVESTOR RELATIONS 40.00 40.00 X 335721 0 37689 IZAAC SINGH DIRECTOR OF ASSET MGT 40.00 40.00 X 249000 0 22613 NEDRAH BARNES DIRECTOR OF FUND MANAGEMENT 40.00 40.00 X 260000 0 26374 CARLA VASQUEZ-NORIEGA DIRECTOR OF INVESTOR RELATIONS 40.00 40.00 X 119708 0 15062 AMANDA HOPKINS SENIOR ASSET MANAGER 40.00 40.00 X 129500 0 31998 DAVID EISENMAN SENIOR ACQUISITION MANAGER 40.00 40.00 X 207250 0 21792 MARIA DUARTE SENIOR ASSET MANAGER 40.00 40.00 X 122426 0 10418 2476490 0 264022 10 0 1 0 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD CARMEL IN 46032 AUDIT & TAX PREPARATION & CONSULTING 240625 BOCARSLY 633 WEST FIFTH ST 64TH FL LOS ANGELES CA 90071 LEGAL SERVICES 127500 2 PARTNERSHIP FEES 531390 6272734 6272734 MANAGEMENT FEES 531390 961746 961746 OTHER INCOME 531390 3376 3376 7237856 209984 209984 7447840 7447840 0 0 936407 936407 2611587 2310719 300868 367900 325516 42384 149452 132234 17218 121444 118074 3370 362759 303329 59430 255000 255000 277851 176156 101695 79415 79415 140285 113135 27150 350916 180756 170160 170303 150684 19619 34234 30290 3944 35514 35514 MISCELLANEOUS 36607 29532 7075 EMPLOYEE EXPENSES 16591 7444 9147 5946265 4814276 1131989 0 6732451 6606877 542143 660889 24460540 34454365 5000 5000 158589 158589 0 0 8035 13253 31748169 41740384 1385 0 3980853 12472878 3982238 12472878 X 27765931 29267506 27765931 29267506 31748169 41740384 1501575 0 X X 0 1 X 1 0 X 0 308050 344168 543555 0 1195773 5964765 4410108 8344483 9961781 7237856 35918993 5964765 4718158 8688651 10505336 7237856 37114766 0 1147091 2864264 6094473 9195598 3889815 23191241 1147091 2864264 6094473 9195598 3889815 23191241 13923525 57420 16890 3553 47089 209984 334936 57420 16890 3553 47089 209984 334936 6022185 4735048 8692204 10552425 7447840 37449702 0.37180 0.39000 0.00890 0.00360 X 0 0 0 0 0 1 255000 0 0 0 255000 0 PART II-B, LINE F MERRITT DONATED: $250,000 TO NPH ACTION FUND POLITICAL ISSUES COMMITTEE. $5,000 TO HOMES FOR SAN DIEGANS. 158589 158589 0 0 DUE TO AFFILIATIES 3803157 ACCRUED PAYROLL 468788 INTEREST PAYABLE 240184 LINE OF CREDIT - BANK OF THE WEST 7960749 12472878 X 7447840 0 7447840 0 7447840 5946265 0 5946265 0 5946265 PART X, LINE 2: THE CORPORATION BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION'S FEDERAL AND STATE INFORMATION TAX RETURNS FOR THE YEARS 2019 THROUGH 2023 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE RESPECTIVELY. 1 BAY AREA COUNCIL PO BOX 5135 BERKELEY CA 94705 237325853 501(C)(4) 7500 0 COMMUNITY SUPPORT CAL POLY POMONA FOUNDATION INC 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 91768 952417645 501(C)(3) 20000 0 SCHOLARSHIPS CALIFORNIA COALITION FOR RURAL HOUSING PROJECT 717 K STREET 400 SACRAMENTO CA 95814 942832634 501(C)(3) 35000 0 RURAL FELLOWSHIP FUNDING CALIFORNIA HOUSING CONSORTIUM 30141 AGOURA ROAD 106 AGOURA HILLS CA 91301 260097208 501(C)(3) 40000 0 AFFORDABLE HOUSING EDUCATION CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION 4910 N CHESTNUT AVE FRESNO CA 93726 946003272 501(C)(3) 10000 0 SCHOLARSHIPS CALIFORNIA STATE UNIVERSITY LOS ANGELES FOUNDATION 5151 STATE UNIVERSITY DR SSB 5380 LOS ANGELES CA 90032 954044252 501(C)(3) 20000 0 SCHOLARSHIPS CALIFORNIA STATE UNIVERSITY NORHTRIGDE FOUNDATION 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 956196006 501(C)(3) 20000 0 SCHOLARSHIPS CALIFORNIA STATE UNIVERSITY LONG BEACH 1250 BELLFLOWER BLVD LONG BEACH CA 90804 931150363 501(C)(3) 20000 0 SCHOLARSHIPS CALIFORNIA STATE UNIVERSITY SACRAMENTO 6000 J STREET SACRAMENTO CA 95819 680365325 501(C)(3) 20000 0 SCHOLARSHIPS ENTERPRISE COMMUNITY PARTNERS INC 11000 BN LAND PARKWAY 700 COLUMBIA MD 21044 521231931 501(C)(3) 30000 0 AFFORDABLE HOUSING DEVELOPMENT HOUSING CALIFORNIA INC 1107 9TH STREET SUITE 560 SACRAMENTO CA 95814 680133565 501(C)(3) 57563 0 SCHOLARSHIPS LISC LA 500 S GRAND AVE LOS ANGELES CA 90071 133030229 501(C)(3) 250000 0 HDTI PROGRAM IMPLEMENTATION NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS 707 N 2ND STREET 308 SAINT LOUIS MO 63102 311416668 501(C)(6) 85000 0 AFFORDABLE HOUSING EDUCATION NON-PROFIT HOUSING ASSOCIATION OF NORTHERN CALIFORNIA 49 STEVENSON STREET 500 SAN FRANCISCO CA 94105 942741597 501(C)(3) 60000 0 INVESTING IN AFFORDABLE HOUSING SAN DIEGO HOUSING FEDERATION 3939 IOWA STREET 1 SAN DIEGO CA 92104 330522932 501(C)(3) 25000 0 AFFORDABLE HOUSING EDUCATION SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION 210 N 4TH STREET 400 SAN JOSE CA 95112 946017638 501(C)(3) 10000 0 SCHOLARSHIPS SOUTHERN CALIFORNIA ASSOCIATION OF NON-PROFIT HOUSING INC 340 E 2ND ST APT 406 LOS ANGELES CA 90012 954019655 501(C)(3) 30000 0 AFFORDABLE HOUSING EDUCATION & DEVELOPMENT SVHOME 350 W JULIAN ST BLDG 5 SAN JOSE CA 95110 814755729 501(C)(3) 8500 0 AFFORDABLE HOUSING DEVELOPMENT THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN ST 11TH FLOOR OAKLAND CA 946075200 943067788 501(C)(3) 10000 0 SCHOLARSHIPS UC SAN DIEGO FOUNDATION 9500 GILMAN DRIVE 0940 LA JOLLA CA 920930940 952872494 501(C)(3) 18231 0 SCHOLARSHIPS UCLA FOUNDATION 10889 WILSHIRE BLVD STE 1500 LOS ANGELES CA 90024 952250801 501(C)(3) 10000 0 SCHOLARSHIPS UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION 1995 UNIVERSITY AVE NO 401 BERKELEY CA 947041508 946090626 501(C)(3) 30000 0 SCHOLARSHIPS UNIVERSITY OF CALIFORNIA IRVINE FOUNDATION 100 THEORY 250 IRVINE CA 92617 952540117 501(C)(3) 10000 0 SCHOLARSHIPS PART I, LINE 2: MERRITT COMMUNITY CAPITAL CORPORACTION RECEIVED PERIODIC REPORTS FROM THE UNIVERSITY IN ORDER TO MONITOR THE USE OF GRANT FUNDS FOR SCHOLARSHIPS. X 0 0 0 0 0 0 0 0 0 ARI BELIAK PRESIDENT & CEO 305000 0 115385 0 0 0 23100 0 24038 0 467523 0 0 0 JULIE QUINN DIRECTOR OF INVESTOR RELATIONS 195021 0 140700 0 0 0 23100 0 14589 0 373410 0 0 0 DAVID DOLOGITE DIRECTOR OF ACQUISITIONS 218000 0 102500 0 0 0 22463 0 2282 0 345245 0 0 0 PAUL CARNEY CFO/COO 230000 0 82000 0 0 0 21859 0 4334 0 338193 0 0 0 NEDRAH BARNES DIRECTOR OF FUND MANAGEMENT 191000 0 69000 0 0 0 18212 0 8162 0 286374 0 0 0 IZAAC SINGH DIRECTOR OF ASSET MGT 185000 0 64000 0 0 0 17442 0 5171 0 271613 0 0 0 DAVID EISENMAN SENIOR ACQUISITION MANAGER 160000 0 47250 0 0 0 14518 0 7274 0 229042 0 0 0 AMANDA HOPKINS SENIOR ASSET MANAGER 125000 0 4500 0 0 0 9076 0 22922 0 161498 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FIRM SUPPLIES THE NEEDED FINANCIAL INFORMATON TO ITS TAX PREPARER. THE FIRM'S CONTROLLER AND CHIEF FINANCIAL OFFICER REVIEW AND, AS NECESSARY, ADJUST THE FORM 990. THE FINAL FORM 990 IS SHARED WITH THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR WITH PERSONAL OR MATERIAL CONFLICT OF INTEREST, SHALL DISCLOSE THE EXISTENCE AND NATURE OF ANY CONFLICT OF INTEREST TO THE BOARD AND THE PRESIDENT BEFORE ANY ACTION IS TAKEN OR CONSIDERED BY THE BOARD. EACH DIRECTOR WITH CONFLICT OF INTEREST MUST FURNISH A WRITTEN REPORT TO ALL DIRECTORS LISTING ALL SELF-DEALING TRANSACTIONS DURING THE PRIOR FISCAL YEAR. ANY EMPLOYEES WITH CONFLICT OF INTEREST MUST DISCLOSE THE EXISTENCE AND NATURE OF ANY CONFLICT OF INTEREST TO AN OFFICER OF THE ORGANIZATION AS SOON AS POSSIBLE SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PERIODICALLY REVIEWS THE COMPENSATION OF THE PRESIDENT BASED ON THEIR OWN INDUSTRY EXPERIENCE. THE RESULTS ARE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING THE INDEPENDENT ACCOUTNANT HAS NOT CHANGED. 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