DESERT COLLEGE FINANCING CORP
43-500 MONTEREY AVE, PALM DESERT, CA 92260

Total Revenue
$220,000
Total Expenses
$540,560
Net Assets
$-1,934,009

Organizations Filed Purposes: THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF INDIO, CA (THE "CITY"), INCLUDING THE DESERT COMMUNITY COLLEGE DISTRICT (THE "DISTRICT") AND OTHER LOCAL GOVERNMENT ENTERPRISES, THROUGH THE RENDERING OF FINANCIAL ASSISTANCE THERETO. THE ORGANIZATION WILL ACCOMPLISH THIS PRIMARILY THROUGH THE ACQUISITION, LEASING OR SELLING OF BUILDINGS, BUILDING IMPROVEMENTS, ETC. FOR THE BENEFIT OF RESIDENTS OF THE CITY, THE DISTRICT AND SURROUNDING AREAS.

THE ORGANIZATION IS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS UNDER INTERNAL REVENUE CODE SECTION 45D, AND HAS ENGAGED IN A NEW MARKETS TAX CREDIT TRANSACTION (THE "TRANSACTION"). THE TRANSACTION PROVIDES THE ORGANIZATION WITH A LONG-TERM LEASEHOLD INTEREST IN A STATE OF THE ART EDUCATION FACILITY (THE "FACILITY") SITUATED IN RIVERSIDE COUNTY, CA. THE ORGANIZATION ACQUIRED THE FACILITY BY LEASE AND LEASED THE FACILITY BACK TO THE DISTRICT.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Larry SalasDIRECTOR1$0
Glenn MillerDIRECTOR1$0
Mark ScottDIRECTOR1$0
Mary Jane Sanchez-FultonVICE PRESIDENT & SECRETARY1$0
Joel L KinnamonPRESIDENT & TREASURER1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120789349301122_public.xml