2025-04-14T17:48:48-05:00 2024-06-30 943108253 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2023-07-01 201572141 OAKLAND RENAISSANCE NMTC INC C/O CITY OF OAKLAND OAKL 5102387362 250 FRANK H OGAWA PLAZA 5313 OAKLAND CA 94612 KELLEY KAHN PRESIDENT 5102387362 2025-04-14 1 0 ELAINE CHANG P01404427 4153568000 2023 2025-03-06 01:10:19Z KELLEY KAHN 250 FRANK H OGAWA PLAZA SUITE 5313 OAKLAND CA 94612 100020 0 X N/A X 2004 CA THE MISSION OF THE ORGANIZATION IS TO SERVE LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS IN THE CITY OF OAKLAND, CALIF. BY PROMOTING ECONOMIC DEVELOPMENT AND JOB CREATION IN THOSE COMMUNITIES BY UTILIZING THE NEW MARKET TAX CREDIT PROGRAM (IRC 45D). 6 0 0 0 0 0 0 0 130227 100020 0 -100 0 0 130227 99920 0 0 0 0 0 0 0 0 0 40341 282826 40341 282826 89886 -182906 1651928 1444522 58650 34150 1593278 1410372 THE MISSION OF THE ORGANIZATION IS TO SERVE LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS IN THE CITY OF OAKLAND, CALIF. BY PROMOTING ECONOMIC DEVELOPMENT AND JOB CREATION IN THOSE COMMUNITIES BY UTILIZING THE NEW MARKET TAX CREDIT PROGRAM (IRC 45D). 0 0 271103 99920 THE ORGANIZATION HAS RECEIVED AWARDS OF NEW MARKETS TAX CREDITS FROM THE CDFI FUND, AND IS USING THE AWARDS FOR THE FINANCING OF COMMUNITY DEVELOPMENT PROJECTS IN LOW-INCOME COMMUNITIES IN OAKLAND VIA SUBSIDIARY COMMUNITY DEVELOPMENT ENTITIES (SUB-CDE). 271103 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X THE ORGANIZATION 5102387362 250 FRANK H OGAWA PLAZA 5313 OAKLAND CA 94612 LARRY GALLEGOS DIRECTOR 0.50 30.43 X 0 226334 137401 JENS HILLMER DIRECTOR 0.50 25.59 X 0 181020 126689 ALEXANDRA JEFFRESS FORMER PRESIDENT 1.00 6.03 X 0 48243 22926 KELLEY KAHN PRESIDENT 1.00 29.53 X 0 232712 145905 ELIZABETH LAKE DIRECTOR 0.50 31.58 X 0 305611 124348 KIMANI ROGERS SECRETARY 3.75 29.47 X 0 140452 105073 ERIN SPRAGAN TREASURER 1.00 32.95 X 0 297059 121457 0 1431431 783799 0 0 1 0 0 NMTC FEE INCOME 523900 100000 100000 FLOW THROUGH INCOME FR 523900 20 20 100020 100 -100 -100 -100 99920 99920 0 0 9464 9464 22508 22508 LOSS ON EXTINGUISHMENT 239131 239131 BANK FEES 8175 8175 TAXES AND LICENSES 3048 3048 MISCELLANEOUS EXPENSE 500 500 282826 271103 11723 0 1307998 1332506 343930 112016 1651928 1444522 27250 10350 31400 23800 58650 34150 X 1593278 1410372 1593278 1410372 1651928 1444522 -182906 0 X 0 1 X 1 0 X X 1 CITY OF OAKLAND 946000384 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INVESTMENT IN SUB-CDE - ORNMTC TWO, LLC 1184 INVESTMENT IN SUB-CDE - ORNMTC FOUR, LLC 832 CDE MANAGEMENT FEE RECEIVABLE - ORNMTC FOUR 110000 112016 DUE TO ORNMTC TWO 23500 DUE TO ORNMTC FOUR 300 23800 X 99920 0 99920 0 99920 282826 0 282826 0 282826 PART X, LINE 2: THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 LARRY GALLEGOS DIRECTOR 0 202417 0 0 0 23917 0 110997 0 26404 0 363735 0 0 JENS HILLMER DIRECTOR 0 179360 0 0 0 1660 0 96551 0 30138 0 307709 0 0 KELLEY KAHN PRESIDENT 0 227506 0 0 0 5206 0 122381 0 23524 0 378617 0 0 ELIZABETH LAKE DIRECTOR 0 296296 0 0 0 9315 0 94210 0 30138 0 429959 0 0 KIMANI ROGERS SECRETARY 0 139664 0 0 0 788 0 74935 0 30138 0 245525 0 0 ERIN SPRAGAN TREASURER 0 273277 0 0 0 23782 0 94069 0 27388 0 418516 0 0 FORM 990, PART VI, SECTION B, LINE 11B THIS FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT, AND IS SENT TO THE PRESIDENT OF THE CORPORATION FOR REVIEW. THE PRESIDENT REVIEWS THE FORM 990 TO CERTIFY THAT THE INFORMATION PROVIDED ON THE FORM IS ACCURATE, COMPLETE AND REFLECTS ALL TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A FORM INDICATING WHETHER OR NOT THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ORNMTC TWO LLC 250 FRANK H OGAWA PLAZA STE 5313 OAKLAND CA 94612 800944595 SUB-CDE UTILIZING NEW MARKET TAX CREDITS TO FINANCE CMTY ECON. DEVELOPMENT CA OAKLAND RENAISSANCE NMTC INC RELATED 4 1184 0 1 0.00010 ORNMTC FOUR LLC 250 FRANK H OGAWA PLAZA STE 5313 OAKLAND CA 94612 831348991 SUB-CDE UTILIZING NEW MARKET TAX CREDITS TO FINANCE CMTY ECON. DEVELOPMENT CA OAKLAND RENAISSANCE NMTC INC RELATED 16 832 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 ORNMTC TWO LLC L 60000 VALUE OF SERVICES