2025-07-19T14:44:07-04:00 2022-12-31 990 2022-01-01 464814484 Capistrano Terrace Organization Inc CAPI 9492340297 32802 Valle Rd 79 San Juan Capistrano CA 92675 Sally Rather President 9498423361 2025-07-19 2022 2025-03-06 01:10:19Z Sally Rather 32802 Valle Rd 79 San Juan Capistrano CA 92675 1526494 false X n/a X 2013 CA Capistrano Terrace Organization, Inc., ("CTO"), provides affordable housing to low and moderate income individuals and families. 7 7 0 14479 0 1512015 288 14191 0 1526494 0 0 0 0 0 871400 0 871400 0 655094 10786570 10867315 9873205 9903490 913365 963825 X CTO provides affordable housing to low and moderate income individuals and families. false false 664153 0 0 CTO provides affordable housing to low and moderate income individuals and families. 664153 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false X 7 7 false false false false true true true true true false false true true true true false false false false false CA X Capistrano Terrace Organization Inc 9492340297 32802 Valle Rd 79 San Juan Capistrano CA 92675 Jess Lopez President 1 0 X X 0 0 0 Maria Guadalupe Pulido Director 1 0 X 0 0 0 Jose Zamarippa Director 0 X 0 0 0 Hector Bahena Director 1 0 X 0 0 0 Rocio Torres Director 1 0 X 0 0 0 David Zimmerle Director 1 0 X 0 0 0 Jose Silva Director 1 0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 900099 1512015 1512015 1512015 288 288 0 0 0 0 0 0 0 0 0 0 Other Income 900099 14191 14191 14191 1526494 1512015 14479 0 213652 72793 140859 4691 4081 610 2069 2069 2393 2393 133076 115776 17300 811 706 105 14907 1407 Repair & Maintenance 209275 182069 27206 Real PropertyTaxes 80782 80782 Licenses & Fees 10605 10605 Debt Service (Mortgage Interest) 198424 198424 715 622 93 871400 456829 401071 0 1010478 1128076 24477 18431 62246 62246 24819 8916 9707727 58081 9664550 9649646 10786570 10867315 0 40490 0 0 0 0 0 0 0 0 0 0 9863000 9863000 0 0 10205 0 9873205 9903490 X 0 0 0 0 913365 963825 913365 963825 10786570 10867315 655094 -604634 X false false false X 0 1112813 1481456 1506422 1523373 1512015 7136079 1112813 1481456 1506422 1523373 1512015 7136079 55553 84901 54103 194557 55553 84901 54103 0 0 194557 6941522 4717 72 436 14191 19416 1117530 1481528 1506422 1523809 1526206 7155495 0.9701 0.9645 0 X 9571376 9571376 60000 16000 44000 10377 5928 4449 65974 36153 29821 9649646 0 0 0 0 Part VI Line 12c Consistent with Article 10 of CTO Bylaws captioned 'Inurement and Conflict of Interest', CTO regularly and consistently monitors and enforces compliance with CTO's conflict of interest policy modeled after the "Sample Conflict of Interest Policy" contained in Appendix A to the Instructions to IRS Form 1023. Article 10 contains detailed procedures for disclosure, adjudication, monitoring, and enforcement of conflict of interest polices, including but not limited to a requirement that officers and directors sign an annual statement that they have received a copy of the conflict of interest policy, understand the conflict of interest policy, and agree to comply with the conflict of interest policy. Part VI Line 11b Prior to the filing of CTO's 2022 Federal and State Returns, a copy of said returns was be provided to the Members of its Board of Directors, who were asked to review said returns and given an opportunity ask any questions they may have with respect to said returns. Part VI Line 7b Enumerated prohibitions or limitations on the power of CTO Directors are set forth in Section 4.4 of CTO Bylaws as well as Article 11 of CTO Bylaws; power or authority pertaining to said areas of prohibition or limitation are expressly delegated to or reserved for Membership. Part VI Line 7a Pursuant to Section 4.5 of CTO Bylaws, Directors are elected by Members for a Two (2) Year Term. Part VI Line 1a The CTO Board of Directors created an 'Executive Committee' pursuant to and consistent with the provisions of Article 6 of the CTO Bylaws; the Executive Committee is empowered to act on behalf of the Board, consistent with and subject to the provisions of Articles 2, 4, and 7, of the CTO Bylaws, subject to the limitations of Section 6.1. Part VI Line 6 Per Section 3.1 of CTO Bylaws, all homeowners and residents within Capistrano Terrace Mobilehome Estates (the "Park") become Members of CTO upon the payment of dues and assessments as determined by the Board of Directors. Part VI Line 19 Governing Documents, Conflict of Interest Policy, and Financial Statements are available upon request. Part I Line 1 Capistrano Terrace Organization, Inc., ("CTO"), provides affordable housing to low and moderate income individuals and families. Part VI Section A, Line 5 No, CTO is NOT aware of any diversion of the organization?s assets in 2022. However, In the course of reviewing its 2022 tax returns and in the course of preparing its 2023 tax returns, CTO encountered inconsistent accounting practices and account naming conventions between CTO?s Property Manager in 2022, Coast Resource Management, and its property manager in 2023 Property Manager, Britcher, Anderson, Davis. In an abundance of caution, to ensure that no diversion of assets has taken place, CTO's Board has retained a forensic accountant to examine whether said inconsistent accounting practices and account naming conventions were an attempt by either property manager to divert assets. Part II Signature Block This return was prepared under the guidance and supervision of Attorney Rebekah Parker, California SBN 143674; Ms. Parker serves as Corporate Counsel for Capistrano Terrace Organization, Inc. Ms. Parker can be reached at (213) 268-2918. Ms. Parker is herein authorized by CTO Board President Sally Rather to respond to any questions or requests for supplemental information. It should be noted for the record that this return was generated based on a ?2022 Tax Year Form 990? prepared by Baker Tilly US, LLP., based on accounting records generated by Property Managers Coast Reserve Management and Birtcher, Anderson, and Davis. Baker Tilly US, LLP was referred to CTO by Bircther, Anderson, and Davis. However, after the termination of CTO?s relationship with Bircther, Anderson, and Davis, Baker Tilly US, LLP expressed an 'unwillingness' to work with CTO. Unfortunately, the need to have the 2022 Form 990 signed by a current Board Member or Director (Baker Tilly had prepared the return for an individual whose term on the Board had expired) CTO had to regenerate the 2022 Form 990 Return. Part VI Section B Lines 15a and 15b Per Section 4.6 of CTO Bylaws, Directors serve without compensation; however, per Section 5.8 of CTO Bylaws, CTO Officers may receive compensation, for "services actually rendered that related to the performance of the charitable or public purposes of the Corporation" subject to Board approval in accordance and compliance with Section 5.8 and Article 10 captioned 'Conflict of Interest Avoidance Procedures'. Part X 10a Disclosure of Ownership Claim to Real Property Located at 32802 Valle Road San Juan Capistrano, CA 92675: This return has been prepared and is herein being submitted based on the fact that title to the real property located at 32802 Valle Road, San Juan Capistrano, CA 92675 (the ?Valle Road Property?), is held by Capistrano Terrace Holding Company, LLC., presently treated as a disregarded entity; however, it should be noted that it is Ms. Rather?s position (as well as the position of many Park residents) that equitable title to Valle Road Property rests with the individual homeowners of Capistrano Terrace Mobilehome Estates. With that said, this issue or controversy has no effect or barring on CTO?s commitment to operating under terms of its Mission Statement and non-profit charter.