2024-06-28T15:05:39-05:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 954583274 LIME HOUSE SENIOR HOUSING INC LIME 3232311104 3460 SOUTH BROADWAY LOS ANGELES CA 90007 AUTHORIZED AGENT PRESIDENT 3232311104 2024-06-28 1 AUTHORIZED AGENT 999009999 0 JOSEPH R STROUP P01657031 3178485700 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANA PONCE 3460 SOUTH BROADWAY LOS ANGELES CA 90007 348111 0 X N/A X 1996 CA THE PURPOSE OF LIME HOUSE SENIOR HOUSING INC. IS TO PROVIDE QUALITY RENTAL HOUSING, AFFORDABLE TO LOW AND MODERATE INCOME AND ELDERLY PERSONS. 7 7 2 7 0 0 209752 197452 132846 144056 1004 4548 493 2055 344095 348111 0 0 0 0 65387 59137 0 0 0 465502 447069 530889 506206 -186794 -158095 1791296 1644998 4982869 4994666 -3191573 -3349668 THE PURPOSE OF LIME HOUSE SENIOR HOUSING INC. IS TO PROVIDE QUALITY RENTAL HOUSING, AFFORDABLE TO LOW AND MODERATE INCOME AND ELDERLY PERSONS. 0 0 458768 144056 THE PURPOSE OF LIME HOUSE SENIOR HOUSING INC. IS TO PROVIDE QUALITY RENTAL HOUSING, AFFORDABLE TO LOW AND MODERATE INCOME AND ELDERLY PERSONS. 458768 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 0 1 0 0 0 1 7 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 CA X HDSI MANAGEMENT 3232311104 3460 S BROADWAY LOS ANGELES CA 90007 X ANA PONCE PRESIDENT 2.00 22.00 X X 0 0 0 KELLY BOYER ESQ VICE PRESIDENT 0.00 9.00 X X 0 0 0 EDWARD JOHNSON ESQ TREASURER 0.00 9.00 X X 0 0 0 QUAFORD COLEMAN SECRETARY 0.00 9.00 X X 0 0 0 RICHARD WASHINGTON DIRECTOR 0.00 9.00 X 0 0 0 JOHNATHAN WILLIAMS DIRECTOR 0.00 9.00 X 0 0 0 REGINA DOBBINS DIRECTOR 0.00 9.00 X 0 0 0 0 0 0 0 0 0 0 0 197452 197452 RENTAL INCOME 531110 144056 144056 144056 4548 4548 LAUNDRY AND VENDING 531110 2055 2055 2055 348111 144056 0 6603 45437 42581 2856 10321 10321 3379 3379 29376 29376 14560 14560 15206 15206 106032 106032 22341 22341 152532 152532 5625 5625 REPAIRS AND MAINTENANCE 76691 76691 CONTRACTS 20931 20931 TAXES AND LICENSES 2932 2932 SUPPLIES 799 799 44 44 506206 458768 47438 0 18074 40210 277162 260958 1631 1299 10429 11063 4546563 3215095 1484000 1331468 1791296 1644998 477546 490870 2643 665 4461494 4461494 41186 41637 4982869 4994666 X -3191573 -3349668 -3191573 -3349668 1791296 1644998 -158095 0 X X 0 1 X 1 1 1 X 3590 209752 197452 410794 366584 342134 341954 132846 144056 1327574 366584 342134 345544 342598 341508 1738368 0 0 0 1738368 2092 820 255 1004 4548 8719 2092 820 255 1004 4548 8719 493 2055 2548 368676 342954 345799 344095 348111 1749635 0.99360 0.99660 0.00500 0.00310 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300000 300000 4032426 3014731 1017695 62933 62933 0 151204 137431 13773 1331468 TENANT SECURITY DEPOSITS 9141 RESIDUAL RECEIPT AVAILABLE FOR RECAPTURE 32496 41637 X 348111 0 348111 0 348111 506206 0 506206 0 506206 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. AS A NOT-FOR-PROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX, IF APPLICABLE. IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARD BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE ORGANIZATION APPLIES THE "MORE LIKELY THAN NOT" THESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS REVIEWED ALL OPEN TAX YEARS AND JURISDICTIONS AND CONCLUDED THAT NO ADJUSTMENTS ARE NECESSARY DUE TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S POLICY IS TO INCLUDE ACCRUED INTEREST AND PENALTIES FROM UNCERTAIN TAX POSITIONS IN OPERATING EXPENSES. THERE WERE NO ACCRUED INTEREST OR PENALTIES FOR THE YEAR ENDED DECEMBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD, BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, PROVIDED A QUORUM IS PRESENT, MAY CREATE ONE OF MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE DIRECTORS AND NO PERSONS WHO ARE NOT DIRECTORS, TO SERVE AT THE PLEASURE OF THE BOARD. APPOINTMENTS TO COMMITTEES OF THE BOARD SHALL BE BY MAJORITY VOTE OF THE DIRECTORS THEN IN OFFICE. THE BOARD MAY APPOINT ONE OR MORE DIRECTORS AS ALTERNATE MEMBERS OF ANY SUCH COMMITTEE, WHO MAY REPLACE ANY ABSENT MEMBER AT ANY MEETING. ANY SUCH COMMITTEE, TO THE EXTENT PROVIDED IN THE BOARD RESOLUTION, SHALL HAVE THE AUTHORITY OF THE BOARD, EXCEPT THAT NO COMMITTEE, REGARDLESS OF BOARD RESOLUTION, MAY: 1. TAKE ANY FINAL ACTION ON ANY MATTER THAT, UNDER THE CAILFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW, ALSO REQUIRES APPROVAL OF THE MEMBERS OR APPROVAL OF A MAJORITY OF ALL MEMBERS; 2. FILL VACANCIES ON THE BOARD OR ON ANY COMMITTEE THAT HAS THE AUTHORITY OF THE BOARD; 3. FIX COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON AN COMMITTEE; 4. AMEND OR REPEAL BYLAWS OR ADOPT NEW BYLAWS; 5. AMEND OR REPEAL ANY RESOLUTION OF THE BOARD THAT BY ITS EXPRESS TERM IS NOT SO AMENDABLE OR REPEALABLE; 6. CREATE ANY OTHER COMMITTEES OF THE BOARD OR APPOINT THE MEMBERS OF COMMITTEES OF THE BOARD; 7. EXPEND CORPORATE FUNDS TO SUPPORT A NOMINEE FOR DIRECTOR AFTER MORE PEOPLE HAVE BEEN NOMINATED FOR DIRECTOR THAN CAN BE ELECTED; OR 8. APPROVE ANY CONTRACT OR TRANSACTION TO WHICH THE CORPORATION IS A PARTY AND IN WHICH ONE OR MORE OF ITS DIRECTORS HAS A MATERIAL FINANCIAL INTEREST, EXCEPT AS SPECIAL APPROVAL IS PROVIDED FOR IN SECTION 5233(D)(3) OF THE CALIFORNIA CORPORATIONS CODE. FORM 990, PART VI, SECTION A, LINE 3 MAJOR DECISIONS REQUIRE BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS EXPLAINED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII LINE 2C OVERSIGHT PROCESS IS CONSISTENT WITH PRIOR YEAR. SANTA FE APARTMENTS CORPORATION 3460 S BROADWAY LOS ANGELES CA 90007 952751567 PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 0 HABIBI TERRACE INC 3460 S BROADWAY LOS ANGELES CA 90007 912152913 PROVIDE HANDICAPPED AND ELDERLY WITH SPECIALLY DESIGNED HOUSING CA 501(C)(3) LINE 10 0 LAUREL PLACE WEST HOLLYWOOD INC 3460 S BROADWAY LOS ANGELES CA 90007 300234285 PROVIDE HOUSING FOR LOW INCOME AND ELEDERLY PERSONS CA 501(C)(3) LINE 10 0 SAHURE SENIOR VILLA INC 3460 S BROADWAY LOS ANGELES CA 90007 510666913 PROVIDE HOUSING FOR LOW INCOME AND ELEDERLY PERSONS CA 501(C)(3) LINE 10 0 VAN BUREN APARTMENTS INC 3460 S BROADWAY LOS ANGELES CA 90007 912152908 PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 0 WASET INC 3460 S BROADWAY LOS ANGELES CA 90007 954354411 SPONSOR AND ASSIST IN THE ACQUISITION AND DEVELOPMENT OF LOW-INCOME HOUSING CA 501(C)(3) LINE 10 0 SPRING PARK SENIOR VILLA INC 3460 S BROADWAY LOS ANGELES CA 90007 454859261 PROVIDE HOUSING FOR LOW INCOME AND ELEDERLY PERSONS CA 501(C)(3) LINE 10 0 MOUNTCLEF COMMUNITY ASSOCIATION 3460 S BROADWAY LOS ANGELES CA 90007 954591002 PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 0 VILLA ST ANDREWS COMMUNITY ASSOCIATION 3460 S BROADWAY LOS ANGELES CA 90007 954583273 PROVIDE HOUSING FOR LOW INCOME AND ELEDERLY PERSONS CA 501(C)(3) LINE 10 0 FIESTA HOUSE SENIOR HOUSING INC 3460 S BROADWAY LOS ANGELES CA 90007 954591001 PROVIDE HOUSING FOR LOW INCOME AND ELEDERLY PERSONS CA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: HABIBI TERRACE, INC. PRIMARY ACTIVITY: PROVIDE HANDICAPPED AND ELDERLY WITH SPECIALLY DESIGNED HOUSING FACILITIES. NAME OF RELATED ORGANIZATION: WASET, INC. PRIMARY ACTIVITY: SPONSOR AND ASSIST IN THE ACQUISITION AND DEVELOPMENT OF LOW-INCOME HOUSING.