2024-11-07T14:06:23-06:00 2023-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 92626 990EZ 2023-11-15 990647267 RSI DREAM COMMUNITIES RSID 3102822383 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 RANDY THOMPSON CFO 3102822383 2024-11-07 1 1 JESSICA KARANTONIS P00969387 7144367100 2023 2024-10-15 13:58:12Z X X X X X HTTPS://RSIDREAMCOMMUNITIES.ORG/ X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X THE PRIMARY MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WHO CALIFORNIA BASED PUBLICLY SUPPORTED CHARITIES INTEND TO BENEFIT, SUCH AS EMPLOYEES AND OTHERS ASSOCIATED WITH THE CHARITIES. BY PROVIDING AFFORDABLE HOUSING, THESE INSTITUTIONS WILL BE ABLE TO REMAIN IN CALIFORNIA AND ATTRACT QUALIFIED EMPLOYEES AND OTHERS WHO WILL IN THE AGGREGATE ALLOW CALIFORNIA TO CONTINUE TO BE IN THE FOREFRONT OF MEDICINE, EDUCATION AND OTHER DISCIPLINES. THE ORGANIZATION WAS FORMED ON NOVEMBER 15, 2023 AND IS STILL IN THE PLANNING PHASE OF SELECTING CHARITIES FOR THE AFFORDABLE HOUSING PROJECTS. 0 0 0 JIM PALMER CEO/PRESIDENT/DIRECTOR 16.00 0 0 0 RANDY THOMPSON CFO 1.00 0 0 0 TERRI STEPHENS SECRETARY 1.00 0 0 0 RONALD SIMON DIRECTOR 4.00 0 0 0 ALEX CALABRESE DIRECTOR 2.00 0 0 0 X 0 1 0 0 0 0 0 0 0 0 0 0 0 0 CA RANDY THOMPSON 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 9492703611 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X 1 TO BE DETERMINED 000000000 7 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 FORM 990, SCHEDULE A, PART I, LINE 12G (I-IV) THE ORGANIZATION'S GOVERNING DOCUMENTS DESIGNATE ITS SUPPORTED ORGANIZATION BY CLASS. THE ORGANIZATION'S CHARITABLE CLASS COMPRISES MUNICIPALITIES AND PUBLIC CHARITIES IN THE HEALTHCARE, EDUCATIONAL, AND HUMAN SERVICE DISCIPLINES. AS OF DECEMBER 31, 2023, THE ORGANIZATION WAS STILL IN THE PLANNING PHASE AND HAD NO ACTIVITY OR OPERATIONS. THE ORGANIZATION HAS NOT SELECTED A SPECIFIC ORGANIZATION WITHIN THE CHARITABLE CLASS (AS DESIGNATED IN ITS GOVERNING DOCUMENTS) TO SUPPORT AS OF DECEMBER 31, 2023, OR THE DATE OF THIS TAX FILING. THE ORGANIZATION WILL HAVE A WEBSITE THAT WILL INFORM HEALTHCARE, MEDICAL, EDUCATIONAL, MUNICIPAL AND HUMAN SERVICES INSTITUTIONS OF THE AVAILABILITY OF THE ORGANIZATION'S WILLINGNESS AND ABILITY TO BUILD AFFORDABLE HOUSING FOR THESE INSTITUTIONS. FOR AN INSTITUTION TO BE CONSIDERED FOR THE ORGANIZATION'S SERVICES, THE INSTITUTION MUST PROVIDE THE LAND ON WHICH THE HOUSING WILL BE CONSTRUCTED. THE LAND CAN BE PROVIDED THROUGH A LONG TERM, DISCOUNTED LEASE WITH THE ORGANIZATION OR THROUGH THE DONATION OF THE LAND BY THE INSTITUTION OR BY A MUNICIPALITY THAT DESIRES TO PROVIDE THE LAND FOR HOUSING FOR THE INSTITUTION. AS OF THE DATE OF THIS TAX FILING, THE ORGANIZATION IS IN DISCUSSIONS WITH CITY OF HOPE, OLIVE CREST, AND THE CITY OF IRVINE, CALIFORNIA FOR THE CONSTRUCTION OF AFFORDABLE HOUSING FOR THESE INSTITUTIONS. FORM 990, SCHEDULE A, PART IV, SECTION A, LINE 1 THE ORGANIZATION'S GOVERNING DOCUMENTS DESIGNATE SUPPORTED ORGANIZATIONS BY CLASS. THE ORGANIZATION WILL SUPPORT MUNICIPALITIES AND PUBLIC CHARITIES IN THE HEALTHCARE, EDUCATIONAL, AND HUMAN SERVICE DISCIPLINES. AS OF DECEMBER 31, 2023, THE ORGANIZATION WAS STILL IN THE PLANNING PHASE AND HAD NO ACTIVITY OR OPERATIONS. THE ORGANIZATION HAS NOT SELECTED A SPECIFIC ORGANIZATION WITHIN ITS CHARITABLE CLASS TO SUPPORT AS OF DECEMBER 31, 2023 OR THE DATE OF THIS TAX FILING. SCHEDULE A, PART IV, SECTION D LINES 1-3 & SECTION E LINE 1-2 THE ORGANIZATION WAS INCORPORATED ON NOVEMBER 15, 2023 WITH A CALENDAR YEAR-END OF DECEMBER 31ST. THE ORGANIZATION HAD NO ACTIVITY DURING THE INITIAL SHORT YEAR BEGINNING NOVEMBER 15, 2023 AND ENDING DECEMBER 31, 2023. DURING THIS INITIAL SHORT-YEAR, THE ORGANIZATION WAS NON-OPERATIONAL AND STILL IN THE PLANNING PHASE. THE ORGANIZATION FILED FOR TAX-EXEMPTION ON FEBRUARY 8, 2024, AND IS AWAITING APPROVAL FROM THE INTERNAL REVENUE SERVICE BEFORE FUNDING AND BEGINNING OPERATIONS FOR THE ORGANIZATION. AS OF THE END OF THE INITIAL SHORT-YEAR AND THE DATE OF THIS TAX FILING, THE ORGANIZATION HAS NOT YET SELECTED A SPECIFIC SUPPORTED ORGANIZATION WITHIN THE CHARITABLE CLASS DESIGNATED BY ITS GOVERNING DOCUMENTS. THUS, THE ORGANIZATION DID NOT HAVE THE ABILITY TO MEET THE NOTIFICATION REQUIREMENT (SCHEDULE A, PART IV, SECTION D, LINE 1), RESPONSIVENESS TEST (SCHEDULE A, PART IV, SECTION D, LINES 2 & 3), NOR ACTIVITIES TEST (SCHEDULE A, PART IV, SECTION E, LINES 1 & 2) DURING THIS INITIAL SHORT TAX-YEAR ENDING DECEMBER 31, 2023. THE ORGANIZATION PLANS TO MEET ALL TESTS TO QUALIFY AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION IN THE YEAR IT IS FUNDED AND BECOMES OPERATIONAL. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.