2024-04-29T18:08:35-04:00 2023-12-31 943006926 CHRISTOPHER CHIME OGBODO CPA 4225 TELEGRAPH AVENUE OAKLAND CA 94609 990 2023-01-01 942921905 HERON COURT COOPERATIVE HERO 350 GUNTER LANE REDWOOD CITY CA 94065 BILLY HUTTON MANAGING AGENT 6505931915 2024-04-28 false BILLY HUTTON true CHRISTOPHER CHIME OGBODO CPA P01440017 5106526213 2024-04-29 X 2 00 AAL1 IAL1 2023 2023-04-26 12:10:37Z 4322822 false X X 1982 CA OPERATES A 104 UNIT COOPERATIVE HOUSING COMPLEX UNDER THE REGULATION OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 8 0 0 0 0 0 4118074 4314026 2016 8796 0 4120090 4322822 0 0 499458 515310 0 0 2401947 2352351 2901405 2867661 1218685 1455161 13472879 14814508 8840414 8714803 4632465 6099705 OPERATES A 104 UNIT COOPERATIVE HOUSING COMPLEX UNDER THE REGULATION OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. false false 2623351 OPERATES A 104 UNIT COOPERATIVE HOUSING COMPLEX UNDER THE REGULATION OF THE U S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 2623351 true false false false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 true false false false false false false false false X 8 0 false true false false true true true true true false false true true true true true true true true false CA X ALTON MANAGEMENT CORPORATION 5106630177 2934 TELEGRAPH AVENUE OAKLAND CA 94609 X NANCY STAVES BOARD MEMBER 2.00 0.00 X 0 0 0 JACQUEL KEHL BOARD MEMBER 2.00 0.00 X 0 0 0 EDIT J LINARES BOARD MEMBER 2.00 0.00 X 0 0 0 RAQUEL SAGON BOARD MEMBER 2.00 0.00 X 0 0 0 VANESSA COREA VICE PRESIDENT 2.00 0.00 X 0 0 0 MARCO GUTIERREZ PRESIDENT 2.00 0.00 X 0 0 0 CHERYL BRENNAN SECRETARY 2.00 0.00 X 0 0 0 HAYWOOD BROUSSARD TREASURER 2.00 0.00 X 0 0 0 0 0 0 0 false false false MEMBER CARRY CHARGES 531110 4279172 4279172 LAUNDRY & VENDING 531110 6192 6192 TENANT CHARGES 531110 3662 3662 MISCELLANEOUS 531110 25000 25000 4314026 8796 8796 4322822 4322822 0 0 X 426343 349933 76410 54809 44986 9823 34158 28036 6122 118560 118560 1540 1540 29274 29274 4121 4121 40654 40654 40748 40748 277428 277428 823505 823505 85898 85898 OTHER RENTING EXPENSES 1130 1130 REALTY CONSULTING 15300 15300 BANK & PAYROLL PROCESSING 11228 11228 COMPUTER CHARGES 9819 9819 893146 893146 2867661 2623351 244310 0 125358 160644 51134 124057 51135 53307 23499591 12485842 10658148 11013749 2017105 2915933 569999 546818 13472879 14814508 16186 52065 8798810 8637764 25418 24974 8840414 8714803 X 4632465 6099705 4632465 6099705 13472879 14814508 1455161 12079 0 X false true X true true true X 3056383 3982358 3923315 4118074 4314026 19394156 3056383 3982358 3923315 4118074 4314026 19394156 19394156 853 6870 1347 2016 8796 19882 19414038 0.99900 0.99930 X 2961000 2961000 17306666 11076922 6229744 527635 480682 46953 2704290 928238 1776052 11013749 ESCROWS DEPOSITS 57976 C RESERVE FOR REPLACEMENT 453478 C RESIDUAL RECEIPTS 13479 C GENERAL OPERATING RESERVE 2017932 C OTHER RESERVES 373068 C 2915933 ACCRUED INTEREST 24974 24974 4322822 4322822 4322822 2867661 2867661 2867661 Management duties delegation Part VI line 3 DAILY OPERATION OF THE COOPERATIVE IS UNDER A HUD APPROVED MANAGEMENT COMPANY Members or stockholder classes and rights Part VI line 6 THE CORPORATION WAS ORGANIZED IN 1982 TO ACQUIRE AND OPERATE A COOPERATIVE APARTMENT PROJECT CONSISTING OF 104 UNITS IN REDWOOD CITY, CALIFORNIA UNDER SECTION 221(D) (3) OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO OCCUPANCY CHARGES AND OPERATING METHODS. Member election for additional members Part VI line 7a MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE GENERAL MEMBERSHIP UPON EXPIRATION OF THE TERMS OF THE BOARD OF DIRECTORS. Governing body decisions Part VI line 7b EACH MEMBER REPRESENTS EACH UNIT AND HAS ONE VOTE PER UNIT. Form 990 governing body review Part VI line 11 FORM 990, PART VI, LINE 11-FORM 990 REVIEW PROCESS:THE ORGANIZATIONS CHIEF FINANCIAL OFFICER REVIEWS THE 990 AND PROVIDES A SUMMARY REVIEW TO THE BOARD OF DIRECTORS. THE REVIEW OF FORM 990 IS DISCUSSED BY ITS MEMBERS AT ANNUAL BOARD MEETING. Conflict of interest policy compliance Part VI line 12c FORM 990, PART VI, LINE 12C- EXPLANATION OF MONITORING AND ENFORCEMENT:MONITORING CONSISTS OF EXECUTION OF ANNUAL WRITTEN DISCLOSURE AS REQUIRED IN THE POLICY MANUAL. CEO executive director top management comp Part VI line 15a PERFORMED ANNUALLY BY THE BOARD AND HUMAN RESOURCES AND FINANCE COMMITTEE. PERFORMED ANNUALLY BY THE BOARD AND HUMAN RESOURCES AND FINANCE COMMITTEE. Other officer or key employee compensation Part VI line 15b FORM 990, PART VI, LINE 15B COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS AND KEY EMPLOYEES:PERFORMED ANNUALLY BY THE BOARD AND HUMAN RESOURCES AND FINANCE COMMITTEE. Governing documents etc available to public Part VI line 19 UPON REQUEST UPON REQUEST List of other expenses Part IX line 24e OTHER RENTING EXPENSES $3,279FIRE INSPECTION EXPENSE $1,084BANK & PAYROLL PROCESSING $3,533HOMEOWNERS DUES & MEMBERSHIP $10,154UTILITIES $236,068PROPERTY TAXES $107,362MEMBER ACTIVITIES $3,279WORKMENS COMPENSATION $17,721MISCELLANEOUS TAXES AND LICENSES $2,112BAD DEBTS $33,894FOODS FOR MEETINGS AND SOCIALIZATIONS $3,933OTHER MISC EXPENSES $1,288MORTGAGE INSURANCE PREMIUM $2,100OPERATING AND MAINTENANCE $430,991