2024-07-17T17:03:16-07:00 2023-12-31 872635810 Tovella Dowling PC 600 W Broadway Ste 660 San Diego San Diego CA 92101 990EZ 2023-01-01 850681665 Catalyst Impact Fund Inc CATA 9566485957 600 W Broadway Ste 660 San Diego CA 92101 Annie Koo President 2024-07-17 true Annie Koo 999009999 true Julie U Nguyen Esq P01881055 6199309332 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X www.catalysthousing.com X X 5097 X 5097 0 0 0 0 5097 49848 20676 1409 71933 -66836 65054 -1782 X 65054 14259 4466 65054 18725 20507 65054 -1782 The Catalyst Impact Fund's purpose is to develop and facilitate innovative solutions, programs, and opportunities to address housing and other socioeconomic concerns for America's essential workforce. Grantmaking: Under its mission to serve essential workers and their families, the organization has made grants since its founding to subsidize rent costs for Marin County's public school teachers and other educators under its Rent Relief Grant Program. The program is currently carried out in collaboration with Serenity at Larkspur Apartments, and the grants are applied directly toward rent expenses. In 2023, the program awarded approximately $50,000 in grants to benefit 6 teachers. 49848 49848 Affordable Housing: In 2023, the organization identified a 164-unit apartment complex for the development of affordable, rent-restricted housing and proceeded with the necessary steps to move forward with acquisition. This included obtaining tax-exempt bond financing and securing the required regulatory approvals. In anticipation of holding title to the real property, the organization also formed a wholly owned limited liability company. 49848 Jordan Moss-Term end 09-23 President 3.00 0 Steve Lefkovits Treasurer 2.00 0 Linda Assante Secretary 2.00 0 Annie Koo-term beg 09-23 President 5.00 0 Nina Tran-Term Beg 10-23 Director 1.00 0 Chris Tokarski-Term Beg 10-23 Director 1.00 0 false false false false false false false 0 0 0 false 0 0 false CA Moss Adams 205 Foss Creek Cir Healdsburg CA 954484298 7074310600 false false false false false false false false false false false NONE NONE true X 100630 101309 100000 5097 307036 0 0 100630 101309 100000 5097 307036 293956 13080 0 0 0 307036 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Catalyst Housing Grp LLC See Part IV 20507 reimbursement payable false Schedule L, Part V Supplemental Information The organization's ending liability balance reflects a reimbursement payable to Catalyst Housing Group, LLC, an entity in which two organizational personnel have involvement. Specifically, Jordan Moss, a former director and President of the organization, holds a 35% or greater beneficial ownership in Catalyst Housing Group, LLC. Annie Koo, a current director and the President of the organization, is an executive employee of Catalyst Housing Group, LLC. During the reporting period, the organization had insufficient funding to cover the costs of professional fees and other transaction costs related to its acquisition of a 164-unit apartment complex that would be developed into affordable housing. Catalyst Housing Group, LLC fronted these costs on behalf of the organization to enable the organization to complete the acquisition, which closed in January of 2024. The organization is to reimburse Catalyst Housing Group, LLC when it has sufficient funding available, without any additional costs or interest. This arrangement was made to support the organization's exempt purposes of providing affordable housing, on fair and reasonable terms, and in the best interest of the organization. No additional benefit was conferred to Catalyst Housing Group, LLC beyond the reimbursement of the exact amount of expenses covered, and as such, there was no conflict of interest in this transaction. Grants and Similar Amounts Paid In Excess of $5,000.1 Class of Activity: Housing Grants | Donee's Name: Serenity at Larkspur | Donee's Address: 700 Lincoln Village Cir Larkspur CA 94939 | Cash Amount Given: $49848 Other Expenses.1012 Insurance $1366 Other Expenses.1 melio services $30 Other Expenses.2 internet & tv services $8 Other Expenses.3 bank fees & service charges $5 Other Assets.1005 Accounts Receivable - Beginning $0 Accounts Receivable - Ending $4466 Total Liabilities.1 due to catalyst housing group - Beginning $0 due to catalyst housing group - Ending $20507 Identification of Disregarded Entities (in Lieu of Schedule R) During the reporting period, the organization formed and became the sole member of Catalyst Impact Fund 1, LLC (EIN: 93-4535352), a California limited liability company treated as a disregarded entity for federal income tax purposes. Catalyst Impact Fund 1, LLC was formed for the exclusive purpose of holding title to real property, specifically a 164-unit apartment complex that will be developed and operated as affordable housing in furtherance of the organization's exempt purposes. As a disregarded entity, Catalyst Impact Fund 1, LLC's income, expenses, assets, and liabilities are consolidated with the organization's financial information reported on this return.