Nonprofit · EIN 99-0647267
RSI DREAM COMMUNITIES
Tax-exempt · NEWPORT BEACH, CA 92660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,500,000 | $22,517,283 | -$21,017,283 | $249,999 | $21,267,282 | -$21,017,283 |
| December 31, 2024 | 990-EZ | $0 | $0 | $0 | $0 | $0 | $0 |
| December 31, 2023 | 990-EZ | $0 | $0 | $0 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,500,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $22,517,282
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $22,517,282
- Management and general (functional)
- $1
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $249,999
- Total liabilities, end of year
- $21,267,282
- Net assets, end of year
- -$21,017,283
- Net assets without donor restrictions
- -$21,017,283
- Gross receipts
- $1,500,000
- Employees
- 2
- Volunteers
- 0
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM PALMER | CEO/PRESIDENT/DIRECTOR Trustee or director, Officer | 16 | $0 |
| RONALD SIMON | DIRECTOR Trustee or director | 4 | $0 |
| ALEX CALABRESE | DIRECTOR Trustee or director | 2 | $0 |
| RANDY THOMPSON | CFO Officer | 1 | $0 |
| TERRI STEPHENS | SECRETARY Officer | 1 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM PALMER | CEO/PRESIDENT/DIRECTOR | 16 | $0 |
| RANDY THOMPSON | CFO | 1 | $0 |
| TERRI STEPHENS | SECRETARY | 1 | $0 |
| RONALD SIMON | DIRECTOR | 4 | $0 |
| ALEX CALABRESE | DIRECTOR | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM PALMER | CEO/PRESIDENT/DIRECTOR | 16 | $0 |
| RANDY THOMPSON | CFO | 1 | $0 |
| TERRI STEPHENS | SECRETARY | 1 | $0 |
| RONALD SIMON | DIRECTOR | 4 | $0 |
| ALEX CALABRESE | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 620 NEWPORT CENTER DR FL 12TH, NEWPORT BEACH, CA 92660-8012
- In care of
- % RANDY THOMPSON
- Principal officer (990 for 2025)
- RANDY THOMPSON, 620 NEWPORT CENTER DRIVE 12TH FLOOR, NEWPORT BEACH, CA 92660
- Signed the 990
- RANDY THOMPSON, CFO
- Phone
- (310) 282-2383
- Return prepared by
- DELOITTE TAX LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 99-0647267 or by the name RSI DREAM COMMUNITIES.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- 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.Expenses $11,258,641 · grants $11,258,641
- 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.Expenses $11,258,641 · grants $11,258,641
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 99-0647267
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $249,999
- Income (IRS master file)
- $1,500,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,500,000 | $22,517,283 | $249,999 | XML |
| 990-EZ | December 2024 | $0 | $0 | $0 | XML |
| 990-EZ | December 2023 | $0 | $0 | $0 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 99-0647267).
Questions about RSI DREAM COMMUNITIES
- What is the EIN of RSI DREAM COMMUNITIES?
- The employer identification number (EIN) of RSI DREAM COMMUNITIES is 99-0647267.
- Is RSI DREAM COMMUNITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to RSI DREAM COMMUNITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does RSI DREAM COMMUNITIES 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 RSI DREAM COMMUNITIES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RSI DREAM COMMUNITIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RSI DREAM COMMUNITIES?
- The 990 for the year ended December 31, 2025 names RANDY THOMPSON.
- Who are the officers and directors of RSI DREAM COMMUNITIES?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does RSI DREAM COMMUNITIES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,500,000, expenses of $22,517,283 and total assets of $249,999 at year end.
Other nonprofits in NEWPORT BEACH
- AFFORDABLE HOUSING ACCESS INC EIN 31-1682049 · last filed 990 for 2024
- CASA MAJOR INC EIN 31-1707836 · last filed 990-PF for 2024
- 7 SPOTTED LADYBUGS FOUNDATION EIN 92-2382192 · last filed 990 for 2025
- AIRPORT WORKING GROUP OF ORANGE COUNTY INC EIN 33-0008208 · last filed 990-EZ for 2025
- BELOLA FOUNDATION EIN 87-1968766 · last filed 990-EZ for 2024
- ALTURA COMMUNITY PARTNERSHIP INC EIN 99-3739083 · last filed 990-N for 2025
- PROJECT LAKAY INC EIN 85-3891287 · last filed 990-N for 2023
- TENANT EVICTION DEFENSE EIN 41-3105953 · last filed 990-N for 2025
All nonprofits in NEWPORT BEACH · California · Housing and shelter