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Nonprofit · EIN 33-0741689

AMERICAN OPPORTUNITY FOUNDATION

Also known as AOF PACIFIC AFFORDABLE HOUSING CORP

Tax-exempt · HUNTINGTN BCH, CA 92647

Financials

$8.4M$8.7M2023$9M$10.8M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN OPPORTUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,007,887$10,777,669-$1,769,782$104,351,543$94,941,966$9,409,577
December 31, 2023990$8,352,723$8,656,720-$303,997$81,082,384$70,733,710$10,348,674
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,323,846
Investment income
$684,041
Other revenue
$0

Expenses

Grants and similar amounts paid
$553,686
Compensation of officers, directors and key employees
$1,080,898
Other salaries and wages
$721,869
Salaries, compensation and benefits (total)
$2,132,139
Professional fundraising fees
$0
Legal fees
$222,376
Accounting fees
$48,227
Occupancy
$903,473
Travel
$25,368
Depreciation
$1,827,184
Program services (functional)
$9,592,873
Management and general (functional)
$1,184,796

Balance sheet and other

Total assets, start of year
$81,082,384
Total assets, end of year
$104,351,543
Total liabilities, end of year
$94,941,966
Net assets, end of year
$9,409,577
Land, buildings and equipment
$77,982,231
Publicly traded securities
$7,342,407
Net assets without donor restrictions
$9,409,577
Gross receipts
$9,007,887
Employees
5
Volunteers
0
Year formed
1997
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
BRETT MASCAROPRESIDENT
Trustee or director, Officer
40$394,167$0$53,227
KATHRYN T WALKERSENIOR VP-FINANCE
Trustee or director, Officer
10$0$380,000$63,415
SARA FAYSVP-NW DIVISION
Officer
40$319,167$0$54,317
SHARON TRANSECRETARY, VP OF OPERATION
Officer
40$216,541$0$43,479
AJAY NAYARVP OF ASSET MANAGEMENT
Officer
10$0$149,583$23,159
DANIEL DO-KHANHTRUSTEE
Trustee or director
0.2$0$0$0
STEVE JONESTRUSTEE, ASSISTANT SECRETA
Trustee or director, Officer
0.2$0$0$0
RIED SCHOTTTRUSTEE
Trustee or director
0.2$0$0$0
WILLIAM P FISHER IIITRUSTEE
Trustee or director
0.2$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHRYN T WALKERSENIOR VP-FINANCE
Trustee or director, Officer
10$0$400,000$59,815
BRETT MASCAROPRESIDENT
Officer
40$349,375$0$46,697
SARA FAYSVP-NW DIVISION
Officer
40$274,375$0$50,060
SHARON TRANSECRETARY, VP OF OPERATION
Officer
40$200,666$0$39,592
AJAY NAYARVP OF ASSET MANAGEMENT
Officer
10$0$134,792$20,931
DANIEL DO-KHANHTRUSTEE
Trustee or director
0.2$0$0$0
STEVE JONESTRUSTEE, ASSISTANT SECRETA
Trustee or director, Officer
0.2$0$0$0
RIED SCHOTTTRUSTEE
Trustee or director
0.2$0$0$0
WILLIAM P FISHER IIITRUSTEE
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
7755 CENTER AVE STE 575, HUNTINGTN BCH, CA 92647-3068
In care of
% KATHY WALKER
Principal officer (990 for 2024)
KATHRYN T WALKER, 7755 CENTER AVENUE SUITE 575, HUNTINGTON BEACH, CA 92647
Signed the 990
KATHRYN T WALKER, EXECUTIVE VP - FINANCE
Phone
(714) 799-1339
Return prepared by
CARTER & COMPANY CPAS LLC

Mission

PROMOTE QUALITY AFFORDABLE HOUSING FOR MODERATE TO LOW INCOME HOUSEHOLDS AND THE ELDERLY THROUGHOUT ALASKA, ARIZONA, CALIFORNIA, OREGON, ILLINOIS, AND WASHINGTON STATE BY THE ACQUISITION, REHABILITATION, OPERATION, AND PRESERVATION OF AFFORDABLE MULTIFAMILY HOUSING.

990 for the year ended December 31, 2024

Program accomplishments

  • ASSET MANAGEMENT AND OVERSIGHT OF APARTMENT COMPLEXES FINANCED THROUGH VARIOUS TAX CREDITS AND OTHER LENDING AGENCIES, RENTED TO LOW AND VERY LOW INCOME RESIDENTS, ALONG WITH SOME SOCIAL PROGRAMS.
    Expenses $2,041,657 · grants $553,686 · revenue $2,327,380
  • CONSULTING AND DEVELOPER SERVICES PROVIDED TO ORGANIZATIONS RELATED TO THE ACQUISITION, REHABILITATION, AND CONSTRUCTION OF VARIOUS MULTIFAMILY AFFORDABLE HOUSING COMPLEXES TO BE RENTED TO OR USED BY LOW INCOME OR VERY LOW INCOME RESIDENTS.
    Expenses $385,172 · revenue $480,467
  • 120-UNIT LOW INCOME APARTMENT COMPLEX IN AUBURN, WASHINGTON, 123-UNIT LOW INCOME APARTMENT COMPLEX IN SAN JOSE, CALIFORNIA, & 103-UNIT LOW INCOME APARTMENT COMPLEX IN FALLBROOK, CALIFORNIA
    Expenses $7,166,044 · revenue $5,515,999

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
33-0741689
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$104,351,543
Income (IRS master file)
$9,007,887

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$8,352,723$8,656,720$81,082,384IRS
990December 2022$5,338,762$6,970,486$49,688,029IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about AMERICAN OPPORTUNITY FOUNDATION

What is the EIN of AMERICAN OPPORTUNITY FOUNDATION?
The employer identification number (EIN) of AMERICAN OPPORTUNITY FOUNDATION is 33-0741689.
Is AMERICAN OPPORTUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Which annual return does AMERICAN OPPORTUNITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN OPPORTUNITY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN OPPORTUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMERICAN OPPORTUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names KATHRYN T WALKER.
Who are the officers and directors of AMERICAN OPPORTUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $394,167 (BRETT MASCARO, PRESIDENT).
How much revenue does AMERICAN OPPORTUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,007,887, expenses of $10,777,669 and total assets of $104,351,543 at year end.

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