2024-10-05T11:58:59-07:00 2023-12-31 954714490 SCHMIDTCHEN ALVARADO & CO 1500 ANACAPA ST SANTA BARBARA CA 93101 990 2023-01-01 770152686 ATRIUM APARTMENTS INC ATRI 8059639644 11 EAST HALEY ST SANTA BARBARA CA 93101 ANDREW ROTEMAN President 2024-10-05 true true Patrick Hartmann CPA P00037054 8059630881 2023 2024-10-15 13:58:12Z 11 EAST HALEY ST SANTA BARBARA CA 93101 199358 false X N/A X 1987 CA TO PROVIDE LOW TO MODERATE INCOME PERSONS WITH HOUSING. 7 7 0 0 0 188425 196882 718 2476 0 189143 199358 0 0 0 0 0 213907 193644 213907 193644 -24764 5714 939204 915072 525360 495514 413844 419558 TO PROVIDE LOW TO MODERATE INCOME PERSONS WITH HOUSING. false false 184410 196882 TO PROVIDE LOW TO MODERATE INCOME PERSONS WITH HOUSING. 184410 true false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false CA X CINDY YOUNG 8059639644 11 EAST HALEY STREET SANTA BARBARA CA 93101 X CINDY YOUNG EXECUTIVE DIRECTOR 3.00 0.00 0 146060 0 ANDREW ROTEMAN President 0.20 0.00 X X 0 0 0 HAZRA KAMAL Director 0.20 0.00 X X 0 0 0 HUGH HOLLIS Treasurer 0.20 0.00 X X 0 0 0 TIM TAYLOR Director 0.20 0.00 X 0 0 0 RAUL BAEZ Director 0.20 0.00 X 0 0 0 STEVE GOLIS Director 0.20 0.00 X 0 0 0 MARLEE KING Secretary 0.20 0.00 X X 0 0 0 146060 0 false false false 0 0 LAUNDRY/VENDING/OTHER 531110 4794 4794 RENTAL INCOME 531110 192088 192088 196882 2476 2476 0 0 0 0 0 0 0 0 199358 196882 2476 0 0 0 0 0 0 0 0 0 0 29904 29904 0 9150 9150 0 0 0 0 0 0 0 0 0 0 0 0 26052 26052 0 0 15363 15363 RENTAL EXPENSES 67049 67049 BOOK DEPRECIATION 34949 34949 TAXES - REAL ESTATE 11018 11018 MISCELLANEOUS EXPENSE 84 84 75 75 193644 184410 9234 0 0 158981 153784 0 2871 7779 0 0 307291 307291 0 11376 12983 916182 579744 361887 336438 0 0 0 0 96798 96797 939204 915072 2699 3911 507359 478505 15302 13098 525360 495514 X 413844 419558 413844 419558 939204 915072 5714 X true X false true false X 0 193910 192612 187822 188425 196882 959651 0 0 0 193910 192612 187822 188425 196882 959651 0 83522 85588 82163 84861 85627 421761 83522 85588 82163 84861 85627 421761 537890 1441 368 97 718 2476 5100 0 1441 368 97 718 2476 5100 0 0 195351 192980 187919 189143 199358 964751 0.55750 0.51810 0.00530 0.00370 X 100 100 916082 579744 336338 336438 interest receivable 96797 96797 ADVANCE RENTS RECEIVED 1566 TENANT SECURITY DEPOSITS 11532 13098 Form 990, Part VI, Section B, Line 11b REVIEW STEPS OF THE TAX RETURNS INCLUDE: THE BOARD OF DIRECTORS REVIEWS THE REVIEWED FINANCIAL STATEMENTS PRIOR TO THE PREPARATION OF THE TAX RETURNS. NEXT, A DRAFT OF THE ENTIRE TAX RETURN IS DISTRIBUTED TO THE PRESIDENT AND EXECUTIVE DIRECTOR FOR A PRELIMINARY REVIEW WHERE ANY ADJUSTMENTS AND CORRECTIONS ARE NOTED AND ADDRESSED. COPIES OF THE COMPLETED RETURNS ARE THEN DISTRIBUTED TO THE ENTIRE GOVERNING BODY FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION WITH THE APPLICABLE TAXING AUTHORITIES. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION REGULARLY REVIEWS ITS WRITTEN CONFLICT OF INTEREST POLICY AND FINANCIAL TRANSACTIONS WITH CERTAIN VENDORS AND ITS AFFILIATES. AT THE BEGINNING OF EACH FISCAL YEAR, ALL OF THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM. BY SIGNING THE FORM, THEY AGREE THAT THEY RECEIVED A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, READ AND UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS PERIODICALLY REVIEWS THE REASONABLENESS OF THE COMPENSATION OF THE EXECUTIVE DIRECTOR COMPARED TO OTHER EXEMPT ORGANIZATIONS WITHIN THE SANTA BARBARA AREA. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. additional information for part vii section a Section A. officers, directors, trustee, key employees, and highest compensated employeesTHIS ENTITY IS A LOW INCOME HOUSING PROJECT CONTROLLED AND MANAGED BY THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR OF THE SANTA BARBARA COMMUNITY HOUSING CORP. FEIN 95-2954450, A TAX EXEMPT ENTITY, WHICH OVERSEES VARIOUS LOW INCOME HOUSING PROJECTS.THE EXECUTIVE DIRECTOR RECEIVES COMPENSATION FROM THE SANTA BARBARA COMMUNITY HOUSING CORP., BUT DOES NOT RECEIVE COMPENSATION FROM THIS ENTITY. NONE OF THE MEMBERS OF THE BOARD OF DIRECTORS RECEIVE ANY COMPENSATION FROM THE SANTA BARBARA COMMUNITY HOUSING CORP. OR THIS ENTITY. PART VII SECTION A. (B) NAME AND HOURS DEVOTED TO RELATED ORGANIZATIONSALL OF THE PERSONS LISTED IN PART VII SECTION A (A) OTHER THAN CINDY YOUNG DEVOTED APPROXIMATELY 2 HOURS PER WEEK TO SANTA BARBARA COMMUNITY HOUSING CORP., A RELATED ORGANIZATION. SEE SCHEDULE R PART II ITEM (1).ALL OF THE PERSONS LISTED IN PART VII SECTION A (A) OTHER THAN CINDY YOUNG DEVOTED APPROXIMATELY .2 HOURS PER WEEK TO OTHER RELATED ORGANIZATIONS. SEE SCHEDULE R PART II ITEMS (2)+ .CINDY YOUNG DEVOTED 40 HOURS PER WEEK TO SANTA BARBARA COMMUNITY HOUSING CORP., A RELATED ORGANIZATION. SEE SCHEDULE R PART II ITEM (1).CINDY YOUNG DEVOTED APPROXIMATELY 3 HOURS PER WEEK TO OTHER RELATED RELATED ORGANIZATIONS. SEE SCHEDULE R PART II ITEMS (2)+. PART X LINE 7 THE ORGANIZATION BORROWED FROM A COMMERCIAL LENDER IN 2006. APPROXIMATELY 50% OF THE LOAN PROCEEDS WERE USED BY THE ENTITY TO ACQUIRE A PORTION OF THE LAND AND BUILDING THAT WAS OWNED BY ANOTHER ENTITY. THE OTHER APPROXIMATE 50% OF THE LOAN PROCEEDS WAS LOANED TO A RELATED NON PROFIT ENTITY AKA DEBTOR. A $307,291 LOAN RECEIVABLE IS REPORTED ON THE BALANCE SHEET TO ACCOUNT FOR THIS.THE DEBTOR IS ALLOWED TO POSTPONE PRINCIPAL AND INTEREST PAYMENTS IF CASH FLOWS DO NOT PROVIDE THE CASH NECESSARY FOR TIMELY PAYMENTS. THE ENTITY MAKES PRINCIPAL AND INTEREST PAYMENTS TO THE COMMERCIAL LENDER EACH MONTH AND THE MORTGAGE PAYABLE BALANCE DECLINES ACCORDINGLY. HOWEVER, THE PORTION OF COMMERCIAL DEBT THAT RELATES TO THE LOAN RECEIVABLE IS DEEMED TO DECLINE ONLY WHEN THE DEBTOR MAKES PRINCIPAL PAYMENTS. ACCORDINGLY THE COMMERCIAL DEBT OUTSTANDING RELATED TO THE LOAN RECEIVABLE, WHICH IS ACQUISITION DEBT, IS $307,291.SEE SCHEDULE R FOR MORE INFORMATION. SANTA BARBARA COMMUNITY HOUSING CORP 11 EAST HALEY STREET SANTA BARBARA CA 93101 952954450 HOUSING CA 501(C)(3) 9 NA false BATH STREET APARTMENTS INC 11 EAST HALEY STREET SANTA BARBARA CA 93101 770234986 HOUSING CA 501(C)(3) 9 SBCHC false CASTILLO HOMES INC 11 EAST HALEY STREET SANTA BARBARA CA 93101 770194733 HOUSING CA 501(C)(3) 9 SBCHC false CORONEL PLACE INC 11 EAST HALEY STREET SANTA BARBARA CA 93101 770057506 HOUSING CA 501(C)(3) 9 SBCHC false FAULDING HOTEL INC 11 EAST HALEY STREET SANTA BARBARA CA 93101 770197146 HOUSING CA 501(C)(3) 9 SBCHC false LOS ALAMOS SENIOR APARTMENTS INC 11 EAST HALEY STREET SANTA BARBARA CA 93101 770152354 HOUSING CA 501(C)(3) 9 SBCHC false RIVIERA HOTEL INC 11 EAST HALEY STREET SANTA BARBARA CA 93101 770184456 HOUSING CA 501(C)(3) 9 SBCHC false false false false true false false false false false false false false true false false true false false false SANTA BARBARA COMMUNITY HOUSING CORP m 48389 CASH SANTA BARBARA COMMUNITY HOUSING CORP p 7970 CASH LOS ALAMOS SENIOR APARTMENTS INC d 307291