2024-04-23T11:45:10-05:00 2023-06-30 463462919 KKAJ LLP 27200 TOURNEY ROAD STE 475 VALENCIA CA 91355 990 2022-07-01 954111295 LA POSADA OF LOS ANGELES INC C/O FALKENBERG/GILLIAM & ASSOCIATES INC LAPO 3232583512 PO BOX 7070 PASADENA CA 911097070 MICHAEL MALONEY PRESIDENT 3232583512 2024-04-17 1 MICHAEL MALONEY 999009999 0 THOMAS ENGMAN CPA P00043817 6617054222 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL MALONEY PO BOX 7070 PASADENA CA 911097070 1227201 0 X N/A X 1991 CA TO PROVIDE AFFORDABLE HOUSING FOR THOSE 62 YEARS OF AGE OR OLDER. 7 7 7 0 0 0 888928 914812 279550 287849 2500 24540 0 0 1170978 1227201 0 0 0 0 230757 241741 0 0 0 806111 675487 1036868 917228 134110 309973 4541865 4752333 3082303 2982798 1459562 1769535 LA POSADA OF LOS ANGELES, INC., OPERATES AN APARTMENT COMPLEX FOR ACTIVE LOW INCOME CITIZENS 62 YEARS OF AGE OR OLDER. 0 0 646924 287849 LA POSADA OF LOS ANGELES, INC. WAS FORMED FEBRUARY 13, 1987, TO ACQUIRE AN INTEREST IN REAL PROPERTY IN LOS ANGELES, CALIFORNIA AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX PROJECT (PROJECT) OF 75 UNITS, UNDER SECITON 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 223(F) LOAN. THE PROJECT ALSO RECEIVES SECTION 8 HOUSING ASSISTANCE PAYMENTS UNDER AN AGREEMENT WITH HUD. 646924 1 1 0 0 0 0 0 0 0 0 1 0 1 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 0 0 0 0 1 9 0 7 1 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 0 1 0 0 0 CA X X FALKENBERGGILLIAM & ASSOCIATES 3232583512 PO BOX 7070 PASADENA CA 911097070 X MICHAEL J MALONEY PRESIDENT 1.00 X X 0 0 0 JOSEPH SANDERS SECRETARY 1.00 X X 0 0 0 RICHARD J AGOSTINELLI TREASURER 1.00 X X 0 0 0 WILLIAM L CREEDON DIRECTOR 1.00 X 0 0 0 ILEGRA EVANS VICE PRESIDENT 1.00 X X 0 0 0 ELIZABETH FAN DIRECTOR 1.00 X 0 0 0 DOUGLAS DOMINGO-FORASTE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 914812 914812 RENT REVENUE 531110 283276 283276 LAUNDRY INCOME 531110 4443 4443 TENANT CHARGES 531110 130 130 287849 24540 24540 1227201 287849 0 24540 205897 102273 103624 3483 1730 1753 15452 7675 7777 16909 8399 8510 65247 65247 133 133 31191 31191 15730 15730 79590 79590 116438 116438 30231 30231 CONTRACTS 136086 136086 UTILITIES 46108 46108 SUPPLIES 41661 41661 LOS ANGELES COUNTY ASSE 32063 32063 81009 44670 36339 917228 646924 270304 0 188475 191194 8412 177 40273 45099 4975170 3518598 1564024 1456572 2704316 3029283 36365 30008 4541865 4752333 52388 37314 3009581 2925425 20334 20059 3082303 2982798 X 1459562 1769535 1459562 1769535 4541865 4752333 309973 0 X 0 1 X 1 1 1 X 819375 836514 878002 888928 914812 4337631 819375 836514 878002 888928 914812 4337631 4337631 20526 32523 23274 2500 24540 103363 4440994 1414566 0.97670 0.98090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 499000 499000 4341817 3384245 957572 134353 134353 0 1456572 CERTIFICATE OF DEPOSIT 2146216 F RESERVE FOR REPLACEMENT 883067 F 3029283 TENANT DEPOSITS 20059 20059 X 1227201 0 1227201 0 1227201 917228 0 917228 0 917228 PART X, LINE 2: MANAGEMENT ESTIMATES THAT NO TAX POSITIONS TAKEN BY THE COMPANY WOULD BE ADJUSTED BY TAXING AUTHORITIES UNDER EXAMINATION. THE COMPANY'S TAX RETURNS ARE STILL SUBJECT TO EXAMINATION BY VARIOUS TAX AUTHORITIES FOR TAX YEARS ENDING ON OR AFTER JUNE 30, 2019. FORM 990, PART VI, SECTION A, LINE 3 DUE TO THE SPECIFIC REQUIREMENTS AND GUIDLINES ASSOCIATED WITH HUD SUBSIDIZED PROJECTS, THE GOVERNING BODY RETAINED FALKENBERG/GILLIAM & ASSOCIATES AS THE APPROVED MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT AND OPERATIONS. FALKENBERG/GILLIAM & ASSOCIATES HAS SPECIALIZED TRAINING AND EXPERIENCE IN GOVERNMENT FUNDED PROJECTS FOR LOW INCOME SENIOR HOUSING. FORM 990, PART VI, SECTION B, LINE 11B THE COMPANY IS AUDITED. DURING THE AUDIT PROCESS THE AUDITOR WORKS CLOSELY WITH THE MANAGEMENT COMPANY AND A BOARD OFFICER TO OBTAIN THE NECESSARY INFORMATION TO PREPARE THE FORM 990. THE FORM 990 IS REVIEWED BY THE FALKENBERG/GILLIAM FINANCE DEPARTMENT THEN FORWARDED TO A BOARD OFFICER FOR FINAL REVIEW AND SIGNATURE. ALL BOARD MEMBERS RECEIVE THE RETURN VIA EMAIL PRIOR TO THE FINAL SUBMISSION. FORM 990, PART VI, SECTION C, LINE 19 IN ADDITION TO THE FORM 990 BEING AVAILABLE UPON REQUEST, IT IS AVAILABLE THROUGH GUIDESTAR.ORG. FORM 990, PART VI, SECTION B, LINE 14: FALKENBERG/GILLIAM & ASSOCIATES, AS THE APPROVED MANAGEMENT COMPANY, MAINTAINS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 15A: ALL TOP MANAGEMENT ARE NON-COMPENSATED. FORM 990, PART VI, SECTION B, LINE 15B: ALL OFFICERS ARE NON-COMPENSATED. FORM 990, PART XII, LINE 2C: FALKENBERG/GILLIAM & ASSOCIATES, AS THE APPROVED MANAGEMENT COMPANY, HAS ASSUMED RESPONSIBILITY FOR OVERSIGHT OF PROJECT AUDITS.