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 912152908 VAN BUREN APARTMENTS INC VANB 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 796113 0 X N/A X 2001 CA VAN BUREN APARTMENTS, INC. OWNS AND OPERATES A 28 UNIT RESIDENTIAL RENTAL COMPLEX THAT PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES. 7 7 1 7 0 0 456408 475983 276820 317029 209 1132 2993 1969 736430 796113 0 145189 0 0 45585 50253 0 0 0 336095 266877 381680 462319 354750 333794 2002624 2282072 920269 865923 1082355 1416149 THE PURPOSE OF VAN BUREN APARTMENTS, INC. IS TO PROVIDE HOUSING TO PERSONS OF LOW OR MODERATE INCOME. 0 0 433255 145189 317029 VAN BUREN APARTMENTS, INC. OWNS AND OPERATES A 28 UNIT RESIDENTIAL RENTAL COMPLEX THAT PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES. 433255 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 1 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 8.00 16.00 X X 0 0 0 KELLY BOYER 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 475983 475983 RENTAL INCOME 531110 271137 271137 MISC REVENUE 531110 45892 45892 317029 1132 1132 LAUNDRY AND VENDING 812300 1969 1969 1969 796113 317029 0 3101 145189 145189 43863 41511 2352 3115 3115 3275 3275 24192 24192 325 325 16020 13500 2520 9502 9502 96840 96840 26581 26581 25734 25734 10163 10163 CONTRACTS 26048 26048 MAINTENANCE AND REPAIRS 12486 12486 SUPPLIES 10308 10308 TAXES AND LICENSES 7156 7156 1522 1522 462319 433255 29064 0 320230 557881 251160 252731 2708 33752 4620 39536 1619346 246561 1396902 1372785 0 27004 25387 2002624 2282072 29635 19059 5963 1508 872632 833302 12039 12054 920269 865923 X 1082355 1416149 1082355 1416149 2002624 2282072 333794 0 X X 0 1 X 1 1 1 X 2568 456408 475983 934959 409713 406591 691347 276820 317029 2101500 409713 406591 693915 733228 793012 3036459 0 0 0 3036459 1539 1108 123 209 1132 4111 1539 1108 123 209 1132 4111 2993 1969 4962 411252 407699 694038 736430 796113 3045532 0.99700 0.99770 0.00130 0.00120 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 1111000 1111000 391540 151580 239960 116806 94981 21825 1372785 TENANT SECURITY DEPOSITS 12054 12054 X 796113 0 796113 0 796113 315719 0 315719 146600 146600 462319 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 STANDARDS BOARD ("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. 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. PART XII, LINE 4B - OTHER ADJUSTMENTS: WASET INC. GRANT 145,189. BOOK/TAX DEPRECIATION DIFFERENCE 1,411. 0 WASET INC 3460 S BROADWAY LOS ANGELES CA 90007 954354411 145189 0 THE ORGANIZATION ASSISTS NON-PROFIT ORGANIZATIONS WITH THE ACQUISITION AND DEVELOPMENT OF LOW INCOME, SENIOR OR DISABLED HOUSING PROJECTS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY RESOLUTION, DESIGNATE ONE OR MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE DIRECTORS, TO SERVE AT THE PLEASURE OF THE BOARD. ANY COMMITTEE, TO THE EXTENT PROVIDED IN THE RESOLUTION OF THE BOARD, MAY ACT FOR THE BOARD. 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. SANTA FE APARTMENTS CORPORATION 3460 S BROADWAY LOS ANGELES CA 90007 952751567 PROVIDE LOW INCOME HOUSING 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 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 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 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 LOW INCOME HOUSING FOR ELDERLY PERSONS CA 501(C)(3) LINE 10 0 FIESTA HOUSE SENIOR HOUSING INC 3460 S BROADWAY LOS ANGELES CA 90007 954591001 PROVIDE LOW INCOME HOUSING FOR 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 145189 CASH DISTRIBUTION