AFFORDABLE HOUSING CLEARINGHOUSE
LAKE FOREST, CA | Orange County
Affordable Housing
Overview
AFFORDABLE HOUSING CLEARINGHOUSE
33-0489568
23861 EL TORO RD STE 401
LAKE FOREST, CA 92630
Orange County
LAKE FOREST, CA 92630
Orange County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Affordable Housing
Nonprofit location
- Majority Minority Census Tract
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
- HUD Counseling Agency
- NMTC Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
L82
L - Housing, Shelter
Housing Expense Reduction Support
Organizations that provide home purchase or construction loans; finance new living accommodations; or pay current housing and/or utility bills for people who cannot afford to make the payments themselves and who qualify for this service on the basis of need or income.
IRS Activity Codes
320
Boy Scouts, Girl Scouts, etc.
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
624229
Other Community Housing Services
CRA Alignment
CRA Category
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
9/17/2013
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2017 | $3,200,000 | Capital Magnet Fund | Clearinghouse Community Development Financial Institution |
| 2019 | $3,000,000 | Capital Magnet Fund | Clearinghouse Community Development Financial Institution |
| 2020 | $2,000,000 | Capital Magnet Fund | Clearinghouse Community Development Financial Institution |
| 2021 | $4,000,000 | Capital Magnet Fund | Clearinghouse Community Development Financial Institution |
| 2013 | $1,347,000 | CDFI Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2017 | $1,006,905 | CDFI Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2018 | $850,000 | CDFI Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2019 | $674,000 | CDFI Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2020 | $750,000 | CDFI Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Clearinghouse Community Development Financial Institution |
| 2018 | $400,000 | Disability Funds Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2019 | $202,000 | Disability Funds Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2020 | $268,750 | Disability Funds Financial Assistance | Clearinghouse Community Development Financial Institution |
| 2016 | $65,000,000 | New Markets Tax Credit | Clearinghouse Community Development Financial Institution |
| 2019 | $65,000,000 | New Markets Tax Credit | Clearinghouse Community Development Financial Institution |
| 2021 | $60,000,000 | New Markets Tax Credit | Clearinghouse Community Development Financial Institution |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Counseling Programs Offered
- Financial Management/Budget Counseling
- Financial, Budgeting and Credit Workshops
- Pre-Purchase Counseling
- Pre-Purchase Homebuyer Workshops
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$832.2K
Revenue
$812.9K
Assets
$2.3M
IRS Business Master File Details
As of Oct 2023
Exempt Ruling Date
1996-11
Deductibility Status
Deductible
Last Tax Filing
2022
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of Nov 2023
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through August 2023
Nonprofit Location
Physical Address
23861 EL TORO RD STE 401
LAKE FOREST, CA 92630
Orange County
LAKE FOREST, CA 92630
Orange County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
11244
MSA/MD
06
State
059
County
0524.11
Tract
Middle
Income Level
Core-Based Statistical Area
31080 - Los Angeles-Long Beach-Anaheim, CA
Combined Statistical Area
348 - Los Angeles-Long Beach, CA
Metropolitan Division
11244 - Anaheim-Santa Ana-Irvine, CA
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
65.00%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 0524.11 | Orange County | |
| Population | ||
| Total Population | 5,012 | 3,182,923 |
| Total Households | 1,380 | 1,057,592 |
| Income | ||
| Median Family Income (Census*) | $117,532 | $100,485 |
| Median Family Income (2022 FFIEC est.) | $119,100 | $119,100 |
| Tract Income Percentage | 110.4% | N/A |
| Below Poverty Level | 15.6% | 9.9% |
| Unemployment Level | 5.9% | 5.4% |
| Housing | ||
| Total Housing Units | 1,419 | 1,121,753 |
| Total Owner-Occupied Units | 72.6% | 57.0% |
| Total Renter-Occupied Units | 24.7% | 43.0% |
| Total Vacant Units | 2.7% | 5% |
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
Management
9
Total Voting Members
in Governing Body
in Governing Body
9
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Brenda J Rodriguez
Principal Officer
Brenda J Rodriguez
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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