2025-07-19T14:52:52-04:00 2023-12-31 990 2023-01-01 464814484 Capistrano Terrace Organization Inc CAPI 9492340297 32802 Valle Rd 79 San Juan Capistrano CA 92675 Sally Rather President 9498423361 2025-07-19 2023 2025-03-06 01:10:19Z Sally Rather 32802 Valle Rd 79 San Juan Capistrano CA 92675 1590420 false X N/A X 2013 CA Capistrano Terrance Organization, Inc. ("CTO") provides affordable housing to low and moderate income individuals and families. 7 7 0 7 0 0 0 0 1512015 1579329 288 11091 14191 0 1526494 1590420 0 0 0 0 0 0 0 0 871400 1005567 871400 1005567 655094 584853 10867315 11665329 9903490 10116651 963825 1548678 X Capistrano Terrance Organization, Inc. ("CTO") provides affordable housing to low and moderate income individuals and families. true false 900099 Capistrano Terrance Organization, Inc. ("CTO") provides affordable housing to low and moderate income individuals and families. 0 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 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 false true true true true false false false false false CA X X Sally Rather 9498534461 32802 Valle Rd 79 San Juan Capistrano CA 92675 Sally Rather President & Director 25 0 X X 0 0 0 Marisol Meza Vice President & Director 2 0 X X 0 0 0 Tamara Childers Secretary & Director 15 0 X X 0 0 0 Mike Kelly Director 1 0 X X 0 0 0 Dan Johnson Director 1 0 X 0 0 0 Tony Zamarippa Director 1 0 X X 0 0 0 Natalie Kuester Director 1 0 X 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 900099 1579329 1579329 11091 11091 0 0 0 0 0 0 0 0 0 0 0 1590420 0 0 11091 233669 54253 179461 10314 31387 31387 5350 5350 146619 146619 14907 14907 93712 93712 Debts Service (Interest) 283151 283151 Improvements 77663 77663 Property Taxes 108795 108795 1005567 779100 216198 0 1128076 1000 809681 18431 17937 8916 143833 9707727 72988 9649646 9634739 995893 62246 62246 10867315 11665329 40490 274 9863000 10116377 0 9903490 10116651 X 963825 1548678 963825 1548678 10867315 11665329 584853 X false false false X 0 1506422 1523777 1512015 1579329 6121543 0 1506422 1523777 1512015 1579329 6121543 6121543 0 1506422 1523777 1512015 1579329 6121543 1 0 9571376 9571376 60000 20000 40000 10377 7410 2967 65974 45578 20396 9634739 0 0 0 0 0 0 0 0 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 2023 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 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") are become Members of CTO upon the payment of dues and assessments as determined by the Board of Directors. 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 5 No, CTO is NOT aware of any diversion of the organization?s assets in 2022. However, In the course of reviewing its 2022 and 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 VI Line 15b CTO Directors and Officers work on a volunteer basis for no compensation. Part VI Line 19 Governing documents, conflict of interest policy, and financial statements are available upon request. Part I Line 1 Capistrano Terrance Organization, Inc. ("CTO") provides affordable housing to low and moderate income individuals and families. 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. Part VI Section A Line 5 No, CTO is NOT aware of any diversion of the organization?s assets in 2023. 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 VI Section B Lines 15 a 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.