2024-11-14T00:54:22-06:00 2023-12-31 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2023-01-01 953068902 INNOVATIVE HOUSING OPPORTUNITIES INC INNO 9498639740 501 N GOLDEN CIRCLE DRIVE 100 SANTA ANA CA 92705 ROCHELLE MILLS CFO 9498639740 2024-10-31 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2024-10-31 2023 2024-10-15 13:58:12Z ROCHELLE MILLS 501 N GOLDEN CIRCLE DRIVE 100 SANTA ANA CA 92705 3020182 0 X WWW.IHOCOMMUNITIES.ORG X 1976 CA IHO IS AN AWARD-WINNING NONPROFIT DEVELOPER OF AFFORDABLE, PERMANENT RENTAL, MIXED-INCOME, AND MIXED-USE HOUSING COMMUNITIES. 11 11 13 10 0 0 692349 1317097 5933032 1671022 127061 32063 -38139 0 6714303 3020182 1075 0 0 0 1279303 1315067 0 0 0 1409888 1964324 2690266 3279391 4024037 -259209 14844069 17515982 1068467 2881691 13775602 14634291 IHO ENRICHES LIVES, STRENGTHENS COMMUNITIES, AND ADVANCES SOCIAL EQUITY BY PROVIDING HIGH-QUALITY AFFORDABLE HOUSING WITH INTEGRATED SUPPORT SERVICES. 0 0 2802208 1671022 SINCE 1976, INNOVATIVE HOUSING OPPORTUNITIES (IHO) HAS DEVELOPED ANDADVOCATED FOR HIGH-QUALITY, PERMANENT RENTAL HOMES FOR LOW TO MODERATE-INCOME RESIDENTS IN CALIFORNIA. OUR PORTFOLIO INCLUDES AFFORDABLE, MIXED-INCOME, MIXED-POPULATION, AND MIXED-USE HOUSING COMMUNITIES WITH INTEGRATED, HOLISTIC RESIDENT SERVICES AND PROGRAMS THAT ENRICH LIVES, ADVANCE SOCIAL EQUITY AND ACCELERATE THE ECONOMIC SELF-RELIANCE OF FAMILIES, SENIORS, AND SPECIAL NEEDS RESIDENTS. 2802208 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 1 0 0 0 1 29 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X EZRA BOLDS JR 9498639740 501 N GOLDEN CIRCLE DRIVE 100 SANTA ANA CA 92705 BETSY DENSMORE BOARD SECRETARY EC/FDMC/AC CHAIR 2.00 X X 0 0 0 BRANDON MCCALL BOARD CHAIR EC CHAIR/FC/CHDO 2.00 X X 0 0 0 LASHANDA MAZE BOARD DIRECTOR AC 2.00 X 0 0 0 CLEMENTE MOJICA BOARD DIRECTOR FC 2.00 X 0 0 0 ROBERT ABBOTT TREASURER 2.00 X X 0 0 0 ELIZABETH TROMBLEY BOARD DIRECTOR FDMC 2.00 X 0 0 0 FATHIA MACAULEY BOARD DIRECTOR FC/CHDO 2.00 X 0 0 0 NANCY MORIKAWA BOARD DIRECTOR PRC CHAIR 2.00 X 0 0 0 MARY WATSON-BRUCE BOARD VICE CHAIR EC/FDMC 2.00 X X 0 0 0 DAVE KROOT BOARD DIRECTOR 2.00 X 0 0 0 MIGUEL GARCIA BOARD DIRECTOR (UNTIL 05/2023) 2.00 X 0 0 0 CONNOR MEDINA DIRECTOR 2.00 X 0 0 0 FLORITA AVILA DIRECTOR AT LARGE (UNTIL 7/21/2023) 2.00 X 0 0 0 JANET BURT DIRECTOR (UNTIL 7/7/2023) 2.00 X 0 0 0 ROCHELLE MILLS PRESIDENT & CEO 40.00 X 245940 0 0 EZRA BOLDS CFO 40.00 X 148388 0 0 394328 0 0 2 0 1 0 0 948035 369062 1317097 DEVELOPER FEES 531390 707375 707375 PROJECT INTEREST INCOM 531110 315995 315995 PARTNERSHIP INVESTMENT 531390 226156 226156 RENTAL INCOME 531110 191586 191586 PARTNERSHIP MANAGEMENT 531390 108000 108000 121910 121910 1671022 32063 32063 3020182 1671022 0 32063 394328 304230 90098 782745 679807 102938 32958 27520 5438 801 801 104235 87102 17133 26128 17003 9125 102465 102465 253020 253020 79006 79006 207523 174302 33221 107314 92199 15115 34532 28834 5698 29606 29606 68143 63506 4637 160665 136040 24625 PROGRAM COSTS - EPIC 469857 469857 PROJECT RESEARCH 233785 233785 REPAIRS AND MAINTENANCE 124914 72710 52204 RESIDENT SERVICES 49503 49503 17863 3377 14486 3279391 2802208 477183 0 4924797 648679 2292672 3325438 0 245072 560288 1815011 5706443 8724166 3500 33240 2343789 468632 76964 1875157 1279405 849219 14844069 17515982 747759 955056 0 1674 0 1640077 320708 284884 1068467 2881691 X 13362973 14490170 412629 144121 13775602 14634291 14844069 17515982 X -259209 1117898 0 X X 0 1 X 0 0 X 140404 166273 378160 692349 1317097 2694283 140404 166273 378160 692349 1317097 2694283 270187 2424096 173966 167270 201963 127061 32063 702323 16965 16965 3413571 8645202 0.71010 0.54740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1330000 1330000 786640 468632 318008 64100 64100 107511 107511 55538 55538 1875157 TAXES PAYABLE 1994 OPERATING LEASE LIABILITIES 224911 DUE TO RELATED PARTY 40000 SECURITY DEPOSIT PAYABLE 17979 284884 X PART X, LINE 2: IHO IS A NON-PROFIT CORPORATION ORGANIZED PURSUANT TO THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF THE CALIFORNIA FRANCHISE TAX CODE. AS SUCH, IHO IS EXEMPT FROM TAXES ON ITS BUSINESS-RELATED INCOME. INCOME TAXES ON THE PARTNERSHIP AND WHOLLY OWNED LLC'S INCOME ARE LEVIED ON THE PARTNERS AND MEMBERS IN THEIR INDIVIDUAL CAPACITY. ACCORDINGLY, ALL PROFITS AND LOSSES OF THE PARTNERSHIP AND WHOLLY OWNED LLCS ARE RECOGNIZED BY EACH PARTNER AND MEMBER ON THEIR RESPECTIVE TAX RETURN. THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH U.S. GAAP REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX PROVISIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX PROVISIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE AND FOUR YEARS, RESPECTIVELY, OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS AN OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. X X 0 0 0 0 0 0 0 0 0 ROCHELLE MILLS PRESIDENT & CEO 245940 0 0 0 0 0 0 0 0 0 245940 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS FIRST REVIEWED BY THE ACCOUNTANT FOLLOWED BY THE FINANCE COMMITTEE BEFORE IT IS GIVEN TO THE ORGANIZATION'S GOVERNING BODY FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING THE CEO SALARY INCLUDES THE USE OF A SURVEY FROM THE CENTER FOR NONPROFIT MANAGEMENT, WHICH IS A COMPARABLE STUDY OF OTHER NONPROFIT ORGANIZATIONS. THE BOARD MEMBERS SUBSTANTIATE THE DELIVERANCE AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART XI LINE 9 THE ORGANIZATION IS REPORTING A PRIOR PERIOD ADJUSTMENT DUE TO A CHANGE IN PROGRAM RELATED PASSTHROUGH INCOME ON THE FINALIZED AUDITED FINANCIALS FOR THE YEAR ENDED DECEMBER 31, 2022. 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