2024-05-15T17:37:29-05:00 2023-06-30 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2022-07-01 680440554 NEW HOPE CDC NEWH 5306692222 147 W MAIN STREET WOODLAND CA 95695 JAMES D GILLETTE TREASURER/CFO 5306692222 2024-05-15 1 JAMES GILLETTE 999009999 1 LAURA KIELCZEWSKI P00740769 9164429100 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z IAN EVANS 147 W MAIN STREET WOODLAND CA 95695 665504 0 X N/A X 1999 CA SEE SCHEDULE O 8 8 0 10 0 0 2065 11041 424920 652486 776 931 -47210 1046 380551 665504 0 0 0 0 65468 0 0 0 0 380569 493992 446037 493992 -65486 171512 3083741 3312087 1929387 1986221 1154354 1325866 SEE SCHEDULE O 0 0 449603 653532 TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, SENIORS, AND DISABLED PERSONS. 449603 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X JAMES D GILLETTE 5306692222 147 W MAIN STREET WOODLAND CA 95695 JAMES D GILLETTE TREASURER/CFO 2.00 40.00 X 0 132203 52931 MINDI NUNES INTERIM EXEC. DIR. (UNTIL 1/23) 2.00 40.00 X 0 41780 0 IAN EVANS PRESIDENT/CEO (AS OF 1/23) 2.00 40.00 X 0 0 0 DAWNTE EARLY CHAIRMAN (AS OF 5/23) 0.20 1.00 X X 0 0 0 GARY SANDY CHAIRMAN (UNT 5/23)/DIR (AS OF 5/23) 0.20 1.00 X X 0 0 0 ALBERT VALLECILLO VICE CHAIR (5/23) 0.20 1.00 X X 0 0 0 RICHARD LANSBURGH DIRECTOR 0.20 1.00 X 0 0 0 PIERRE NEU DIRECTOR (UNTIL 1/23) 0.20 1.00 X 0 0 0 GLORIA PARTIDA DIRECTOR (UNTIL 1/23) 0.20 1.00 X 0 0 0 MARY VIXIE SANDY DIRECTOR 0.20 1.00 X 0 0 0 BAPU VAITLA DIRECTOR 0.20 1.00 X 0 0 0 KAREN VANDERFORD DIRECTOR 0.20 1.00 X 0 0 0 JOE WALTERS DIRECTOR 0.20 1.00 X 0 0 0 0 173983 52931 0 0 1 0 0 11016 25 11041 RENTAL INCOME 531110 379636 379636 DEVELOPER FEES 531390 260892 260892 ASSET MANAGEMENT FEES 531390 11958 11958 652486 931 931 OTHER TENANT CHARGES 531390 781 781 265 265 1046 665504 653532 0 931 813 813 7873 5333 2540 40127 33557 6570 1186 1186 8074 7437 637 11513 9383 2130 49549 49549 46 46 5923 5923 42547 40747 1800 74441 74441 25851 20987 4864 REPAIRS & MAINTENANCE 198078 198078 TAXES & LICENSE FEE 10138 8732 1406 17833 500 17333 493992 449603 44389 0 796077 882502 11606 18975 892249 814415 11432 10384 2261994 1007799 1327417 1254195 149 27632 44811 303984 3083741 3312087 104534 88472 1686894 1612585 137959 285164 1929387 1986221 X 1154354 1325866 1154354 1325866 3083741 3312087 171512 0 X 0 1 X 0 0 X 94655 23011 51284 2065 11041 182056 94655 23011 51284 2065 11041 182056 182056 776 867 734 776 931 4084 2800 2303 1319 3337 1046 10805 196945 2597829 0.92440 0.90990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 2,800. 2019 AMOUNT: $ 2,303. 2020 AMOUNT: $ 1,319. 2021 AMOUNT: $ 3,337. 2022 AMOUNT: $ 1,046. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 239463 239463 1372522 738060 634462 566655 188414 378241 83354 81325 2029 1254195 TENANT DEPOSITS 23544 DEFERRED OUTFLOWS OF RESOURCES 56945 REPLACEMENT RESERVE 193638 CONSTRUCTION IN PROGRESS 11016 DEFERRED INFLOWS OF RESOURCES 18841 303984 TENANT SECURITY DEPOSITS 20151 OTHER LIABILITIES 39505 NET PENSION LIABILITY 70231 INVESTMENT IN ROCHDALE GRANGE 15439 DUE TO RELATED PARTIES 139838 285164 0 0 0 0 0 0 0 0 0 JAMES D GILLETTE TREASURER/CFO 0 123091 0 0 0 9112 0 23401 0 29530 0 185134 0 0 FORM 990, PART I & PART III, LINE 1 DESCRIPTION OF ORGANIZATION'S MISSION: TO ASSIST LOW AND MODERATE INCOME COMMUNITY RESIDENTS BY (1) ACQUIRING EXISTING HOUSING AND/OR REAL PROPERTY, EXTENDING THE USE OF EXISTING REAL ESTATE, CONSTRUCTING NEW AFFORDABLE HOUSING AND/OR MIXED-USE PROPERTY, AND REDEVELOPING AND/OR REHABILITATING EXISTING REAL PROPERTY FOR AFFORDABLE HOUSING AND/OR MIXED-USE; (2) MANAGING AND MAINTAINING THE CORPORATION'S REAL PROPERTY; (3) CREATING JOBS THROUGH SMALL OR MICRO-BUSINESS LENDING, BUSINESS INCUBATOR(S), AND COMMERCIAL DEVELOPMENT PROGRAMS; (4) PROVIDING EMPLOYMENT TRAINING; (5) ESTABLISHING COMMUNITY-BASED ECONOMIC DEVELOPMENT PROGRAMS; AND (6) PROVIDING EDUCATION, SOCIAL SERVICES AND CULTURAL ACTIVITIES. NEW HOPE COMMUNITY DEVELOPMENT (NHCDC) IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF UNDERSERVED COMMUNITIES THROUGH AFFORDABLE HOUSING, EDUCATIONAL ENRICHMENT AND ECONOMIC EMPOWERMENT THROUGHOUT THE COUNTY OF YOLO. NEW HOPE COMMUNITY DEVELOPMENT CORPORATION (NHCDC) OWNS AND OPERATES MULTI-FAMILY PROPERTIES (192 APARTMENT UNITS IN THE CITIES OF WOODLAND AND DAVIS) FOR LOW-INCOME FAMILIES, SENIORS, AND DISABLED PERSONS. THE PROPERTIES IN WOODLAND CONSIST OF COTTONWOOD (47 SENIOR UNITS), CROSSWOOD (48 FAMILY UNITS), AND ROCHDALE GRANGE (44 FAMILY UNITS), WHILE CESAR CHAVEZ PLAZA IN DAVIS HAS 53 UNITS. COTTONWOOD IS DIRECTLY MANAGED BY YOLO COUNTY HOUSING (YCH) STAFF, WHILE THE OTHER PROPERTIES UTILIZE THIRD-PARTY PROPERTY MANAGEMENT FIRMS. 80 MORE UNITS WERE ADDED AT COTTONWOOD/BEAMER IN WOODLAND DURING 2018 WHERE YCH OWNS THE LAND, WHICH IS LEASED BACK TO THE PARTNERSHIP ($1 FOR 99 YEARS). NHCDC IS AN INVESTMENT PARTNER AND CO-GENERAL PARTNER IN THE PROJECT. NHCDC ALSO OPERATES FAMILY SELF-SUFFICIENCY PROGRAMS, COMPUTER LEARNING CENTERS, AND YOUTH ATHLETIC AND SUMMER PROGRAMS. THE MEMBERS OF THE BOARD OF COMMISSIONERS OF YCH ALSO SERVE ON THE BOARD OF DIRECTORS OF NHCDC, WHICH HAS NO DIRECT EMPLOYEES. THE DAY-TO-DAY OPERATIONS OF NHCDC ARE OVERSEEN BY THE STAFF OF YCH UTILIZING SIMILAR POLICIES AND PROCEDURES AND MOST OF THE OPERATING EXPENSES ARE PAID THROUGH THE AP/PAYROLL ACCOUNT OF YCH AND THEN REIMBURSED BY NHCDC. BECAUSE OF THIS RELATIONSHIP, NHCDC IS A BLENDED COMPONENT UNIT IN THE FINANCIAL STATEMENT OF YCH. THE VARIOUS PROGRAMS RUN BY NHCDC PROMOTE LITERACY, STABILITY AND EMPOWERMENT TO YOUTH AND ADULTS. YOUTH PROGRAMS OFFER SAFE ACTIVITIES AFTER SCHOOL, DURING THE HOLIDAYS & THE SUMMER MONTHS. YOUTH SERVICES OFFERED ARE: CO-ED SUMMER SOCCER LEAGUE, COMPUTER LEARNING CENTERS (HOMEWORK CLUBS, INTERNET ACCESS, READING AND EDUCATIONAL DEVELOPMENT), SUMMER MEALS AND MINI-CAMPS. ADULTS/SENIORS BENEFIT FROM ACCESS TO: 1) WORKFORCE PLANNING SUCH AS COMPUTERS FOR JOB SEARCH, JOB TRAINING, COMPUTER & ENGLISH LITERACY/EDUCATION; 2) HEALTH/WELLNESS SUCH AS HEALTH & DENTAL SCREENINGS, EXERCISE & NUTRITION; 3) FAMILY STABILITY SUCH AS CRISIS MANAGEMENT, SOCIALIZATION & FAMILY/NEIGHBORHOOD ACTIVITIES; 4) VOLUNTEERISM SUCH AS COMMUNITY AWARENESS & SAFETY TEAMS; AND 5) BASIC NEEDS SUCH AS MEALS TO SENIORS, FOOD DRIVES, COMMUNITY POTLUCKS. FORM 990, PART VI, SECTION A, LINE 2 GARY SANDY AND MARY VIXIE SANDY HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER REVIEWS THE FORM 990 PRIOR TO MAKING IT AVAILABLE TO THE BOARD FOR REVIEW. AFTER ADDRESSING QUESTIONS AND INCORPORATING ANY REQUIRED CHANGES, THE FORM IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DUE TO THE NATURE OF IRREGULARITY OF THE DEVELOPMENT WORK DONE BY NHCDC, THE 700 FORMS ARE REVIEWED BY HR ON AN ANNUAL BASIS TO EVALUATE POTENTIAL ONGOING CONFLICTS, WHILE OTHER POTENTIAL CONFLICTS ARE EVALUATED WHEN NEW POTENTIAL PROJECTS ARE CONSIDERED OR WHEN SIGNIFICANT CHANGES ARE MADE TO EXISTING PROPERTIES THAT MAY CREATE POTENTIAL CONFLICTS WITH STAFF OR THE HOUSING COMMISSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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