2026-09-01T09:40:56-05:00 2025-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 92626 990 2025-01-01 990647267 RSI DREAM COMMUNITIES RSID 3102822383 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 RANDY THOMPSON CFO 3102822383 2026-09-01 1 JESSICA KARANTONIS P00969387 7144367100 2025 RANDY THOMPSON 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 1500000 0 X HTTPS://RSIDREAMCOMMUNITIES.ORG/ 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, NEWPORTBEACH, CA; CONCORDIA UNIVERSITY, IRVINE, CA. 3 3 2 0 0 0 0 1500000 0 0 0 0 0 0 0 1500000 0 22517282 0 0 0 0 0 0 0 0 1 0 22517283 0 -21017283 0 249999 0 21267282 0 -21017283 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, NEWPORTBEACH, CA; CONCORDIA UNIVERSITY, IRVINE, CA. 0 0 11258641 11258641 RSI DREAM COMMUNITIES ("RSI") ENTERED INTO A CHARITABLE GIFT AGREEMENT WITH CITY OF HOPE TO SUPPORT THE DEVELOPMENT OF AFFORDABLE HOUSING FOR ELIGIBLE EMPLOYEES. RSI COMMITTED TO MAKE A MULTIYEAR CHARITABLE CONTRIBUTION TO FUND EMPLOYEE HOUSING IN SUPPORT OF CITY OF HOPE'S CHARITABLE MISSION AND WORKFORCE SUSTAINABILITY. THE RESTRICTED GIFT SUPPORTS THE DEVELOPMENT OF AFFORDABLE RENTAL HOUSING UNITS FOR ELIGIBLE EMPLOYEES AND ADDRESSES HOUSING ACCESSIBILITY AND AFFORDABILITY IN THE SURROUNDING COMMUNITY. FUNDS ARE PROVIDED ON AN INSTALLMENT BASIS AND ARE SUBJECT TO ACCOUNTABILITY AND REPORTING REQUIREMENTS. THROUGH THIS PROGRAM SERVICE ACTIVITY, RSI SUPPORTS CITY OF HOPE'S OPERATIONS BY HELPING ENSURE STABLE HOUSING FOR ITS WORKFORCE, ADVANCING ITS MISSION AND SERVICE TO THE COMMUNITY. 11258641 11258641 RSI DREAM COMMUNITIES ("RSI") ENTERED INTO A CHARITABLE GIFT AGREEMENT WITH HOAG HOSPITAL FOUNDATION TO SUPPORT HOUSING ASSISTANCE FOR EMPLOYEES OF HOAG MEMORIAL HOSPITAL PRESBYTERIAN AND AFFILIATED CLINICS IN ORANGE COUNTY, CALIFORNIA. RSI COMMITTED TO MAKE A MULTIYEAR CHARITABLE CONTRIBUTION, PAYABLE ANNUALLY, TO FUND HOUSING STIPENDS OR SUBSIDIES FOR QUALIFYING EMPLOYEES. THE RESTRICTED GIFT SUPPORTS HOUSING ASSISTANCE, INCLUDING GRANTS, RENTAL ASSISTANCE, DOWNPAYMENT ASSISTANCE, OR FORGIVABLE LOANS, AS DETERMINED BY HOAG. ELIGIBLE EMPLOYEES ARE FULL-TIME HOAG EMPLOYEES WORKING AT ORANGE COUNTY FACILITIES. THE PROGRAM PROMOTES HOUSING ACCESSIBILITY AND WORKFORCE STABILITY IN SUPPORT OF HOAG'S CHARITABLE MISSION. HOAG HOSPITAL FOUNDATION PROVIDES ANNUAL ACCOUNTING TO RSI REGARDING USE OF FUNDS. 22517282 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 1 0 0 2 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CA X RANDY THOMPSON 9492703611 620 NEWPORT CENTER DRIVE 12TH FLOOR NEWPORT BEACH CA 92660 X JIM PALMER CEO/PRESIDENT/DIRECTOR 16.00 0.00 X X 0 0 0 RONALD SIMON DIRECTOR 4.00 0.00 X 0 0 0 ALEX CALABRESE DIRECTOR 2.00 0.00 X 0 0 0 RANDY THOMPSON CFO 1.00 0.00 X 0 0 0 TERRI STEPHENS SECRETARY 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 1500000 1500000 1500000 0 0 0 22517282 22517282 1 1 22517283 22517282 1 0 0 249999 0 249999 0 21267282 0 21267282 X 0 -21017283 0 -21017283 0 249999 -21017283 0 X 0 0 0 X X X 5 OLIVE CREST ACADEMY 952877102 7 1 0 0 CITY OF HOPE 953435919 7 1 11258641 0 NEWPORT-MESA UNIFIED SCHOOL DISTRICT 952417783 6 1 0 0 CONCORDIA UNIVERSITY IRVINE 952798775 2 1 0 0 HOAG HOSPITAL FOUNDATION 953222343 7 0 11258641 0 5 22517282 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 1 1 SCHEDULE A, PART IV, SECTION A, LINE 1: ALL SUPPORTED ORGANIZATIONS ARE LISTED BY NAME IN THE GOVERNING DOCUMENTS EXCEPT FOR HOAG HOSPITAL (EIN: 95-3222343). HOAG HOSPITAL IS NOT DESIGNATED BY NAME, BUT IS DESIGNATED BY CLASS AND PURPOSE AS A PUBLICLY SUPPORTED MEDICAL INSTITUTION. THE ORGANIZATION SUPPORTS HOAG HOSPITAL BY FURTHERING ITS EXEMPT PURPOSES THROUGH THE PROVISION OF AFFORDABLE HOUSING-RELATED ASSISTANCE FOR ITS EMPLOYEES IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS. SCHEDULE A, PART IV, SECTION A, LINE 5A: DURING THE TAX YEAR, HOAG HOSPITAL (EIN: 95-3222343) WAS ADDED AS A SUPPORTED ORGANIZATION. HOAG HOSPITAL IS NOT DESIGNATED BY NAME IN THE GOVERNING DOCUMENTS, BUT IS DESIGNATED BY CLASS AND PURPOSE AS A PUBLICLY SUPPORTED MEDICAL INSTITUTION, IN ACCORDANCE WITH THE ORGANIZATION'S ARTICLES OF INCORPORATION, TO BE SUPPORTED THROUGH PROGRAMS PROVIDING AFFORDABLE HOUSING AND HOUSING-RELATED ASSISTANCE FOR ITS EMPLOYEES. SCHEDULE A, PART IV, SECTION D, LINE 2: THE ORGANIZATION MAINTAINED A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH ITS SUPPORTED ORGANIZATIONS BY REGULARLY COMMUNICATING WITH THEM REGARDING THEIR CHARITABLE AND OPERATIONAL NEEDS. RSI COORDINATED ITS ACTIVITIES AND GRANTMAKING EFFORTS BASED ON NEEDS AND PRIORITIES IDENTIFIED BY THE SUPPORTED ORGANIZATIONS, ENSURING THAT ITS PROGRAMS AND RESOURCES REMAINED RESPONSIVE TO AND ALIGNED WITH THE ORGANIZATIONS' EXEMPT PURPOSES AND OBJECTIVES. SCHEDULE A, PART IV, SECTION E, LINE 2A: SUBSTANTIALLY ALL OF THE ORGANIZATION'S ACTIVITIES DURING THE TAX YEAR DIRECTLY FURTHERED THE EXEMPT PURPOSES OF ITS SUPPORTED ORGANIZATIONS. THE ORGANIZATION PROVIDED FINANCIAL SUPPORT AND RESOURCES IN RESPONSE TO NEEDS IDENTIFIED AND COMMUNICATED BY ITS SUPPORTED ORGANIZATIONS. THROUGH ONGOING COMMUNICATION AND COORDINATION, THE ORGANIZATION REMAINED RESPONSIVE TO THE PROGRAMS, PRIORITIES, AND OPERATIONAL REQUIREMENTS OF EACH SUPPORTED ORGANIZATION. THE ORGANIZATION DETERMINED THAT SUBSTANTIALLY ALL OF ITS ACTIVITIES FURTHERED THE EXEMPT PURPOSES OF ITS SUPPORTED ORGANIZATIONS BECAUSE NEARLY ALL OF ITS EXPENDITURES, GRANTS, AND PROGRAM ACTIVITIES WERE UNDERTAKEN TO ADDRESS THE NEEDS AND SUPPORT THE CHARITABLE MISSIONS OF THE SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION E, LINE 2B: THE ORGANIZATION PROVIDED FUNDING TO SUPPORT THE CONSTRUCTION OF AFFORDABLE HOUSING IN FURTHERANCE OF THE EXEMPT PURPOSES OF ITS SUPPORTED ORGANIZATIONS. ABSENT THE ORGANIZATION'S INVOLVEMENT AND FINANCIAL SUPPORT, THE SUPPORTED ORGANIZATIONS WOULD HAVE BEEN UNABLE TO UNDERTAKE CERTAIN AFFORDABLE HOUSING PROJECTS DUE TO RESOURCE CONSTRAINTS. THEREFORE, THE ORGANIZATION'S ACTIVITIES CONSTITUTED ACTIVITIES THAT THE SUPPORTED ORGANIZATIONS WOULD HAVE ENGAGED IN BUT FOR THE ORGANIZATION'S INVOLVEMENT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 CITY OF HOPE 1500 DUARTE ROAD DUARTE CA 910103012 953435919 501(C)(3) 11258641 0 TO FUND HOUSING STIPENDS OR SUBSIDIES FOR ELIGIBLE EMPLOYEES OF CITY OF HOPE. HOAG HOSPITAL FOUNDATION 1 HOAG DR NEWPORT BEACH CA 92663 953222343 501(C)(3) 11258641 0 TO FUND HOUSING STIPENDS OR SUBSIDIES FOR ELIGIBLE EMPLOYEES OF HOAG MEMORIAL HOSPITAL PRESBYTERIAN OR ITS AFFILIATES. 2 0 SCHEDULE I, PART I, LINE 2: RSI MONITORS GRANT FUNDS THROUGH WRITTEN GIFT AGREEMENTS THAT RESTRICT USE OF FUNDS TO SPECIFIED CHARITABLE PURPOSES, REQUIRE PERIODIC REPORTING AND ANNUAL ACCOUNTINGS BY SUPPORTED ORGANIZATIONS, PROVIDE FOR INSTALLMENT-BASED FUNDING, AND ALLOW FOR SUSPENSION OR TERMINATION OF PAYMENTS AND REPAYMENT OF FUNDS IN THE EVENT OF NONCOMPLIANCE. FORM 990, PART VI, SECTION B, LINE 11B THE EXTERNAL TAX FIRM PREPARES THE FORM 990 ("RETURN") THAT IS THEN PRESENTED TO THE ORGANIZATION'S FINANCIAL MANAGEMENT. AFTER THE ORGANIZATION'S FINANCIAL MANAGEMENT REVIEWS THE RETURN, THEY PRESENT IT TO THE BOARD OF DIRECTORS. ONCE THE BOARD OF DIRECTORS REVIEWS AND ACCEPTS THE RETURN, AN ELECTRONIC COPY OF THE RETURN IS SENT TO ALL BOARD MEMBERS AND THE RETURN IS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE (IRS). FORM 990, PART VI, SECTION C, LINE 19 RSI DREAM COMMUNITIES MAKES ITS FINANCIAL STATEMENTS, TAX RETURNS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES AVAILABLE UPON REQUEST.