2024-11-06T07:55:15-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 954514156 GOLDEN YEARS SENIOR APARTMENTS INC GOLD 3103583485 1330 OTSEGO STREET NORTH HOLLYWOOD CA 91601 BRUCE BLEAMAN CHAIRMAN 3103583485 2024-11-01 1 1 EVAN ANTTONEN P01925603 3178485700 2023 2024-10-15 13:58:12Z BRUCE BLEAMAN 1330 OTSEGO STREET NORTH HOLLYWOOD CA 91601 1041583 0 X N/A X 1994 CA THE NOT FOR PROFIT CORPORATION, ORGANIZED UNDER THE NOT FOR PROFIT STATUTES OF THE STATE OF CALIFORNIA AND KNOWN AS THE GOLDEN YEARS SENIOR APARTMENTS, INC., WAS FORMED FOR THE PURPOSE OF OPERATING A 91 HOUSING UNIT FOR LOW INCOME ELDERLY PERSONS IN NORTH HOLLYWOOD, CALIFORNIA. THE CORPORATION OPERATES PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, PROVIDES SUBSIDIES SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE TENANTS. 6 6 0 0 0 0 648842 643934 334781 361321 3469 34125 2000 2203 989092 1041583 5200 5200 0 0 0 0 0 0 0 1182828 1199233 1188028 1204433 -198936 -162850 5505263 5435041 764039 856667 4741224 4578374 X THE NOT FOR PROFIT CORPORATION, ORGANIZED UNDER THE NOT FOR PROFIT STATUTES OF THE STATE OF CALIFORNIA AND KNOWN AS THE GOLDEN YEARS SENIOR APARTMENTS, INC., WAS FORMED FOR THE PURPOSE OF OPERATING A 91 HOUSING UNIT FOR LOW INCOME ELDERLY PERSONS IN NORTH HOLLYWOOD, CALIFORNIA. THE CORPORATION OPERATES PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, PROVIDES SUBSIDIES SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE TENANTS. 0 0 1095478 5200 361321 THE NOT FOR PROFIT CORPORATION, ORGANIZED UNDER THE NOT FOR PROFIT STATUTES OF THE STATE OF CALIFORNIA AND KNOWN AS THE GOLDEN YEARS SENIOR APARTMENTS, INC., WAS FORMED FOR THE PURPOSE OF OPERATING A 91 HOUSING UNIT FOR LOW INCOME ELDERLY PERSONS IN NORTH HOLLYWOOD, CALIFORNIA. THE CORPORATION OPERATES PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, PROVIDES SUBSIDIES SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE TENANTS. 1095478 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X JEFF LEVINE LEVINE MTG GROUP INC 3103583485 822 SOUTH ROBERTSON BLVD SUITE 200 LOS ANGELES CA 90035 X BRUCE BLEAMAN CHAIRMAN 1.00 X X 0 0 0 MORTY WEISHAR VICE CHAIRMAN 1.00 X X 0 0 0 MARC E HOFFMAN SECRETARY 1.00 X X 0 0 0 GARY BRAVERMAN TREASURER 1.00 X X 0 0 0 CAROL SOOKMAN DIRECTOR 1.00 X 0 0 0 IRA STEINBERG DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 643934 643934 RENTAL INCOME 531110 361321 361321 361321 34125 34125 LAUNDRY & VENDING 531110 2096 2096 OTHER REVENUE-MISC. 531110 68 68 TENANT CHARGES 531110 39 39 2203 1041583 361321 0 36328 5200 5200 87995 87995 23210 2250 20960 45015 45015 570921 570921 18304 18304 239298 239298 27048 27048 MGMT COMPANY CHARGEBACK 132045 132045 SERVICE COORDINATOR CON 45845 45845 MANAGER UNIT 9552 9552 1204433 1095478 108955 0 93705 109710 52068 4268 3095 9417491 5099060 4551649 4318431 823710 845903 31931 105834 5505263 5435041 17578 89493 1768 1138 599185 599185 145508 166851 764039 856667 X 4702831 4545140 38393 33234 4741224 4578374 5505263 5435041 -162850 0 X X 0 0 0 X 606473 687429 615890 648842 643934 3202568 309201 319481 338399 334781 361321 1663183 915674 1006910 954289 983623 1005255 4865751 0 0 0 4865751 9430 1851 268 3469 34125 49143 9430 1851 268 3469 34125 49143 3632 2317 61404 2000 2203 71556 928736 1011078 1015961 989092 1041583 4986450 0.97580 0.98050 0.00990 0.00390 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 1505478 1505478 7357314 4716004 2641310 554699 383056 171643 4318431 RESERVE REPLACEMENT FUND 844227 C RESIDUAL RECEIPTS 1676 C 845903 ACCRUED MGMT FEE PAYABLE 10367 SECURITY DEPOSITS 31967 ACCRUED INTEREST PAYABLE 124517 166851 X 1041583 0 1041583 0 1041583 1204988 555 555 1204433 0 1204433 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE IN DEPRECIATION 555. 0 B'NAI B'RITH INTERNATIONAL 3141 DONA MARTA DRIVE STUDIO CITY CA 91604 501(C)(3) 5200 0 CASH SUPPORT HOUSING AND SERVICES FOR LOW INCOME SENIORS PART I, LINE 2: THE BOARD OF DIRECTORS OF GOLDEN YEARS SENIOR APARTMENTS PROVIDED A GRANT TO A NON-FOR-PROFIT ORGANIZATION WHICH PROVIDES SUPPORT OF HOUSING AND OTHER SERVICES FOR LOW INCOME SENIOR CITIZENS TO FUND ITEMS WHICH ARE CRITICAL TO THE WELL-BEING OF THE RESIDENTS AND STAFF OF SENIOR CITIZENS ACCOMMODATIONS. FORM 990, PART VI, SECTION A, LINE 3 GOLDEN YEARS SENIOR APARTMENTS, INC. IS MANAGED BY LEVINE MANAGEMENT GROUP, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. LEVINE MANAGEMENT GROUP HAS A PROJECT OWNERS AND MANAGEMENT AGENTS CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED LEVINE MANAGEMENT GROUP TO MANAGE THE GOLDEN YEARS SENIOR APARTMENTS COMPLEX. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 7A AS STATED IN THE ORGANIZATIONS BY-LAWS A MINIMUM OF THREE FOURTHS OF THE BOARD OF DIRECTORS SHALL BE MEMBERS IN GOOD STANDING OF B'NAI B'RITH. DIRECTORS SHALL BE ELECTED BY THE VOTE OF A MAJORITY OF THE DIRECTORS AT THE TIME IN OFFICE WITH THE PRIOR WRITTEN APPROVAL OF B'NAI B'RITH. DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE BY BBHI OR THREE FOURTHS OF DIRECTORS. BBHI MAY NAME A REPLACEMENT DIRECTOR OF A REMOVED DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD PERIODICALLY REVIEWS THE CONFLICT OF INTEREST DISCLOSURES AND DETERMINES WHETHER ANY ACTION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR KEY EMPLOYEES (SEE PAGE 7, PART VII). FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FROM 990, PAGE 12, PART XII, QUESTIONS 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.