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 952751567 SANTA FE APARTMENTS CORPORATION SANT 3232311104 3460 S 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 S BROADWAY LOS ANGELES CA 90007 747167 0 X N/A X 1968 CA THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 7 7 2 7 0 0 296949 292217 472471 453615 275 1335 0 0 769695 747167 150000 205228 0 0 93975 94742 0 0 0 620877 678394 864852 978364 -95157 -231197 3318461 3019912 3099228 3031876 219233 -11964 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 0 0 928392 205228 453615 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 928392 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 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 INC 3232311104 3460 SOUTH BROADWAY LOS ANGELES CA 90007 X ANA F PONCE PRESIDENT 2.00 18.00 X X 0 0 0 KELLY BOYER VICE PRESIDENT 0.00 5.00 X X 0 0 0 EDWARD JOHNSON ESQ TREASURER 0.00 5.00 X X 0 0 0 QUAFORD COLEMAN SECRETARY 0.00 5.00 X X 0 0 0 RICHARD WASHINGTON DIRECTOR 0.00 5.00 X 0 0 0 JOHNATHAN WILLIAMS DIRECTOR 0.00 5.00 X 0 0 0 REGINA DOBBINS DIRECTOR 0.00 5.00 X 0 0 0 0 0 0 0 0 0 0 0 292217 292217 RENTAL INCOME 531110 450166 450166 LAUNDRY & VENDING REVE 812300 3449 3449 453615 1335 1335 747167 453615 0 1335 205228 205228 74318 69530 4788 14922 14922 5502 5502 40054 40054 705 705 18630 13500 5130 7687 7687 143854 143854 121613 121613 159402 159402 23728 23728 CONTRACTS 80662 80662 REPAIRS AND MAINTENANCE 73765 73765 TAXES AND LICENSES 5172 5172 SUPPLIES 3122 3122 978364 928392 49972 0 258135 73837 13113 16317 28184 30271 4874318 2295264 2721714 2579054 0 297315 320433 3318461 3019912 45387 26197 3015267 2965528 38574 40151 3099228 3031876 X 219233 -11964 219233 -11964 3318461 3019912 -231197 0 X X 0 1 X 1 1 1 X 270514 272344 12120 296949 292217 1144144 453494 448551 738781 472471 453615 2566912 724008 720895 750901 769420 745832 3711056 0 0 0 3711056 1800 1059 213 275 1335 4682 1800 1059 213 275 1335 4682 725808 721954 751114 769695 747167 3715738 0.99870 0.99840 0.00130 0.00160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109916 109916 4096822 1678749 2418073 667580 616515 51065 2579054 RESTRICTED DEPOSITS 320433 320433 SECURITY DEPOSITS 36742 PREPAID RENT 3409 40151 X 747167 0 747167 0 747167 769789 0 769789 208575 208575 978364 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 FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE ORGANIZATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGMENT 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. PART XII, LINE 4B - OTHER ADJUSTMENTS: WASET INC. GRANT 205,228. BOOK/TAX DEPRECIATION DIFFERENCE 3,347. 0 WASET INC 3460 S BROADWAY LOS ANGELES CA 90007 954354411 205228 0 THE ORGANIZATION ASSISTS NON-PROFIT ORGANIZATIONS WITH THE ACQUISITION AND DEVELOPMENT OF LOW INCOME, SENIOR OR DISABLED HOUSING PROJECTS. 1 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY RESOLUTION ADOPTED BY A MAJORITY OF THE NUMBER OF DIRECTORS THEN IN OFFICE, PROVIDED THAT A QUORUM IS MET, DESIGNATE ONE OR MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE DIRECTORS, TO SERVE AT THE PLEASURE OF THE BOARD. THE BOARD MAY DESIGNATE ONE OR MORE DIRECTORS AS ALTERNATE MEMBERS OF ANY SUCH COMMITTEE, WHO MAY REPLACE ANY ABSENT MEMBER AT ANY MEETING OF SUCH COMMITTEE. ANY COMMITTEE, TO THE EXTENT PROVIDED IN SUCH A RESOLUTION OF THE BOARD, SHALL HAVE ALL THE AUTHORITY OF THE BOARD, EXCEPT WITH RESPECT TO: (A) THE APPROVAL OF ANY ACTION WHICH, UNDER THE CODE, ALSO REQUIRES THE APPROVAL OF THE BOARD OF DIRECTORS; (B) THE FILING OF VACANCIES ON THE BOARD OF DIRECTORS OR IN ANY COMMITTEE; (C) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; (D) THE AMENDMENT OR REPEAL OF ARTICLES OF INCORPORATION OR BYLAWS, OR THE ADOPTION OF NEW ARTICLES OF INCORPORATION OR BYLAWS; (E) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF DIRECTORS WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; (F) THE APPOINTMENT OF ANY OTHER COMMITTEES OF THE BOARD OF DIRECTORS OR THE MEMBERS OF SUCH COMMITTEES. (G) THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR DIRECTOR. (H) THE APPROVAL OF ANY SELF-DEALING TRANSACTION WITHOUT REGARD TO WHETHER SUCH TRANSACTION IS PERMISSIBLE UNDER SECTION 5233 OF THE 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 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII LINE 2C THIS IS CONSISTENT WITH PRIOR YEAR. HABIBI TERRACE INC 3460 S BROADWAY LOS ANGELES CA 90007 912152913 PROVIDE HANDICAPPED AND ELDERLY WITH SPECIALLY DESIGNED HOUSING FACILITIES CA 501(C)(3) LINE 10 0 LIME HOUSE SENIOR HOUSING INC 3460 S BROADWAY LOS ANGELES CA 90007 954583274 PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS 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 ELDERLY 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 ELDERLY 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 ELDERLY 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 1 0 WASET INC R 205228 CASH DISTRIBUTION