2025-07-11T06:38:44-05:00 2024-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 92626 990EZ 2024-01-01 990647267 RSI DREAM COMMUNITIES RSID 3102822383 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 RANDY THOMPSON CFO 3102822383 2025-07-11 1 1 JESSICA KARANTONIS P00969387 7144367100 2024 2025-03-06 01:10:19Z X X HTTPS://RSIDREAMCOMMUNITIES.ORG/ X X 0 0 0 0 0 0 0 0 0 0 0 0 0 X THE PRIMARY MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WHO CALIFORNIA BASED PUBLICLY SUPPORTED CHARITIES INTEND TO BENEFIT, SUCH AS EMPLOYEES AND OTHERS ASSOCIATED WITH THE CHARITIES. BY PROVIDING AFFORDABLE HOUSING, THESE INSTITUTIONS WILL BE ABLE TO REMAIN IN CALIFORNIA AND ATTRACT QUALIFIED EMPLOYEES AND OTHERS WHO WILL IN THE AGGREGATE ALLOW CALIFORNIA TO CONTINUE TO BE IN THE FOREFRONT OF MEDICINE, EDUCATION AND OTHER DISCIPLINES. THE ORGANIZATION INTENDS TO BENEFIT ONE OR MORE OF OLIVE CREST ACADEMY, GARDEN GROVE, CA; CITY OF HOPE (ORANGE COUNTY, CA); NEWPORT MESA UNIFIED SCHOOL DISTRICT, NEWPORT BEACH, CA; CONCORDIA UNIVERSITY, IRVINE, CA. FOR THE TAX YEAR ENDING 2024, RSI DREAM COMMUNITIES HAD NO OPERATIONAL ACTIVITIES. THE FOUNDATION, ESTABLISHED ON NOVEMBER 15, 2023 AS A SUPPORTING ORGANIZATION, IS STILL IN THE PLANNING PHASE OF SELECTING CHARITIES FOR AFFORDABLE HOUSING PROJECTS. IT DID NOT RECEIVE ANY CONTRIBUTIONS, GRANTS, OR OTHER SOURCES OF INCOME, NOR DID IT DISBURSE ANY FUNDS OR ENGAGE IN ANY PROGRAMMATIC ACTIVITIES. AS A RESULT, THERE ARE NO PROGRAMMATIC ACCOMPLISHMENTS TO REPORT FOR THIS PERIOD. 0 0 0 JIM PALMER CEO/PRESIDENT/DIRECTOR 16.00 0 0 0 RANDY THOMPSON CFO 1.00 0 0 0 TERRI STEPHENS SECRETARY 1.00 0 0 0 RONALD SIMON DIRECTOR 4.00 0 0 0 ALEX CALABRESE DIRECTOR 2.00 0 0 0 X 0 1 0 0 0 0 0 0 0 0 0 0 0 0 CA RANDY THOMPSON 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 9492703611 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X X 4 OLIVE CREST ACADEMY 952877102 7 1 0 0 CITY OF HOPE 953435919 7 1 0 0 NEWPORT-MESA UNIFIED SCHOOL DISTRICT 952417783 6 1 0 0 CONCORDIA UNIVERSITY IRVINE 952798775 2 1 0 0 4 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PART IV, SECTION D LINES 1-3 & SECTION E LINE 1-2 THE ORGANIZATION HAD NO ACTIVITY DURING THE YEAR ENDING DECEMBER 31, 2024. DURING THIS YEAR, THE ORGANIZATION WAS NON-OPERATIONAL AND STILL IN THE PLANNING PHASE. THUS, THE ORGANIZATION DID NOT HAVE THE ABILITY TO MEET THE NOTIFICATION REQUIREMENT (SCHEDULE A, PART IV, SECTION D, LINE 1), RESPONSIVENESS TEST (SCHEDULE A, PART IV, SECTION D, LINES 2 & 3), NOR ACTIVITIES TEST (SCHEDULE A, PART IV, SECTION E, LINES 1 & 2) DURING THIS YEAR ENDING DECEMBER 31, 2024. THE ORGANIZATION PLANS TO MEET ALL TESTS TO QUALIFY AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION IN THE YEAR IT IS FUNDED AND BECOMES OPERATIONAL. SCHEDULE A, PART IV, SECTION A LINE 5A THIS NEWLY FORMED SUPPORTING ORGANIZATION HAS AMENDED ITS ARTICLES OF INCORPORATION TO INCLUDE THE FOLLOWING ORGANIZATIONS: OLIVE CREST ACADEMY, GARDEN GROVE, CA; CITY OF HOPE, ORANGE COUNTY, CA; NEWPORT MESA UNIFIED SCHOOL DISTRICT, NEWPORT BEACH, CA; AND/OR CONCORDIA UNIVERSITY, IRVINE, CA. THIS AMENDMENT IS INTENDED TO SATISFY THE ORGANIZATIONAL TEST AS OUTLINED IN ARTICLE 2 OF THE ARTICLES OF INCORPORATION. FORM 990-EZ, PART V, LINE 34 THE ARTICLES OF INCORPORATION WERE AMENDED TO SPECIFY BENEFICIARY ORGANIZATIONS BY NAME WITHIN THE ORGANIZATION'S EXEMPT PURPOSE OR MISSION. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.