2024-05-14T11:59:06-05:00 2023-12-31 203557677 KELLER AND ASSOCIATES LLP 18645 SHERMAN WAY SUITE 110 RESEDA CA 91335 990 2023-01-01 900484894 PASEO DE LUZ INC PASE 8056593791 702 COUNTY SQUARE DRIVE VENTURA CA 93003 VICTORIA BRADY CFO 8056593791 2024-05-14 1 VICTORIA BRADY 999009999 0 DAVID KELLER P00227750 8183833079 X 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z VICTORIA BRADY 702 COUNTY SQUARE DRIVE VENTURA CA 93003 305399 0 X N/A X 2009 CA SEE SCHEDULE OTO PROVIDE AFFORDABLE HOUSING FOR FAMILIES WITH LOW AND MODERATE HOUSEHOLD INCOME LEVELS, AS WELL AS HOUSEHOLDS WHERE INDIVIDUALS ARE AFFECTED BY MENTAL ILLNESS RESIDE. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT. 4 4 0 0 0 0 0 0 242556 253725 4448 14921 1299 36753 248303 305399 0 0 0 0 51026 56964 0 0 0 553487 576407 604513 633371 -356210 -327972 7826458 7655863 11778574 11935951 -3952116 -4280088 X TO PROVIDE AFFORDABLE HOUSING FOR FAMILIES WITH LOW AND MODERATE HOUSEHOLD INCOME LEVELS, AS WELL AS HOUSEHOLDS WHERE INDIVIDUALS ARE AFFECTED BY MENTAL ILLNESS RESIDE. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT. 0 0 609594 305399 THE PURPOSE OF PASEO DE LUZ, INC. IS TO PROVIDE RENTAL HOUSING AFFORDABLE TO LOW AND MODERATE INCOME HOUSEHOLDS AND PERSONS SUFFERING FROM MENTAL ILLNESS. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT. VENTURA COUNTY BEHAVIORAL HEALTH (VCBH) ASSISTS IN OCCUPANCY OF THESE SET-ASIDE UNITS. 609594 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X PASEO DE LUZ INC 8056593791 702 COUNTY SQAURE DRIVE VENTURA CA 93003 X AIZA GALDO PRESIDENT 0.50 X X 0 0 0 VICTOR RODRIGUEZ SECRETARY 0.50 X X 0 0 0 JESSICA COOK TREASURER 0.50 X X 0 0 0 MARGARITA H DE ESCONTRIAS DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL REVENUES 531110 253725 253725 253725 14921 14921 OTHER INCOME 36034 36034 TENANT CHARGES 719 719 36753 305399 305399 0 0 41556 41556 11761 11761 3647 3647 23328 23328 16610 16610 8000 8000 5627 5178 449 12 12 182505 182505 214980 214980 9631 9631 REPAIRS AND MAINTENANCE 37466 37466 UTILITIES 26399 26399 JANITORIAL AND REPAIRS 14490 14490 MORTGAGE INSURANCE PREM 10483 10483 26876 26876 633371 609594 23777 0 35715 24370 11319 17212 9183177 2446358 6942832 6736819 663709 713546 172883 163916 7826458 7655863 43865 33904 1269 1427 11733440 11900620 11778574 11935951 X -3952116 -4280088 -3952116 -4280088 7826458 7655863 -327972 0 X 0 1 X 1 0 X 230776 285431 227602 243855 290478 1278142 230776 285431 227602 243855 290478 1278142 0 0 0 1278142 4486 3273 669 4448 14921 27797 4486 3273 669 4448 14921 27797 235262 288704 228271 248303 305399 1305939 0.97870 0.98650 0.02130 0.01350 X 1553567 1553567 7591654 2409975 5181679 37956 36383 1573 6736819 COSRA RESERVE 135992 C ESCROW ACCOUNT 9998 C EXECUTIVE AMENITIES ESCROW 10101 C REPLACEMENT RESERVE ACCOUNT 354967 C RESIDENT SERVICES COORDINATOR ACCOUNT 196059 C TENTANT SECURITY DEPOSITS ACCOUNT 6429 C 713546 ACCRUED INTEREST PAYABLE 2211526 NOTE PAYABLE - CALHFA-MHSA LOAN 2496000 NOTE PAYABLE - HCD LOAN 3587515 NOTE PAYABLE - HUD/CAPITAL ADVANCE 3599100 TENANT SECURITY DEPOSITS PAYABLE 6479 11900620 305399 0 305399 0 305399 633371 0 633371 0 633371 FORM 990, PART VI, SECTION A, LINE 3 PASEO DE LUZ, INC. IS A SINGLE-ASSET ENTITY, AFFILIATED WITH CABRILLO ECONOMIC DEVELOPMENT CORPORATION, WHICH IS A 501(C)(3) NONPROFIT PUBLIC BENEFIT CORPORATION. BOTH BOARDS OF DIRECTORS ARE COMPRISED OF SEVERAL OF THE SAME PEOPLE. THE EMPLOYEES OF CABRILLO ECONOMIC DEVELOPMENT CORPORATION ARE INVOLVED WITH THE DAY-TO-DAY OPERATION OF PASEO DE LUZ, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 GOES THROUGH THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. THE BOARD THEN VOTES TO APPROVE AS FINAL AND FILE THE FORM 990 ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL UPDATE AND REVIEW PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CABRILLO ECONOMIC DEVELOPMENT CORPORATION (CEDC) 702 COUNTY SQUARE DRIVE VENTURA CA 93003 953681521 DEVELOPMENT AND MANAGEMENT OF LOW-INCOME REAL ESTATE CA 501(C)(3) VALID N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 CEDC PROPERTY MANAGEMENT RELATED SERVICES ARE ADMINISTERED O 23328 CEDC - VARIOUS OPERATIONAL ACTIVITIES P 0 COSTS INCURRED