2024-11-05T12:36:32-08:00 2023-12-31 954345526 HOLTHOUSE CARLIN & VAN TRIGT LLP 11444 W OLYMPIC BLVD 11TH FLOOR LOS ANGELES CA 90064 990 2023-01-01 472164827 ISLAND CITY DEVELOPMENT ISLA 5107474300 701 ATLANTIC AVENUE ALAMEDA CA 94501 VANESSA COOPER PRESIDENT 5107474300 2024-04-08 true true JONATHAN SIAO P00244223 3105661900 2024-11-05 2023 2024-10-15 13:58:12Z VANESSA COOPER 701 ATLANTIC AVE ALAMEDA CA 94501 2334055 false X https://www.islandcitydevelopment.org X 2014 CA LOW-INCOME HOUSING SEE PAGE 2 FOR FURTHER EXPLANATION. 3 1 0 0 0 0 0 1969828 41352 5060 2287351 -323 5352 1974565 2334055 0 0 0 0 0 0 233242 348384 233242 348384 1741323 1985671 9569908 11972088 7950940 8367449 1618968 3604639 X LOW INCOME HOUSING. THE CORPORATION WAS FORMED IN 2014 PRIMARILY TO ENGAGE IN ACQUIRING, DEVELOPING, REHABILITATING, OWNING AND MANAGING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE CITY OF ALAMEDA, CALIFORNIA. false false 0 0 23186 LITTLEJOHN COMMONS - LITTLEJOHN COMMONS, FKA DEL MONTE SENIOR HOUSING PROJECT, IS A 31-UNIT SENIOR RENTAL PROJECT CONSISTING OF 30 ONE-BEDROOM AND ONE TWO-BEDROOM MANAGERS UNIT INTENDED TO PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME SENIORS IN THE CITY OF ALAMEDA, CALIFORNIA. THE PROJECT WAS COMPLETED AS OF AUGUST 2, 2018, AND WAS 100% LEASED BY AUGUST 30, 2018. 0 0 10955 EVERETT COMMONS - EVERETT COMMONS, FKA 2437 EAGLE AVENUE FAMILY PROJECT, IS A 20-UNIT MULTI-FAMILY, TOWNHOUSE-STYLE PROPERTY INCLUDING ONE TWO-BEDROOM MANAGERS UNIT, INTENDED TO PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME FAMILIES AND VETERANS IN THE CITY OF ALAMEDA, CALIFORNIA. THE PROJECT COMPLETED AS OF DECEMBER 17, 2018, AND WAS 100% LEASED BY DECEMBER 31, 2018. 0 0 7211 ROSEFIELD VILLAGE- THE ROSEFIELD VILLAGE PROJECT INCLUDES THE REDEVELOP- MENT OF A 53-UNIT PROPERTY INTO 92 UNITS OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES IN THE CITY OF ALAMEDA, CALIFORNIA. THIS PROJECT IS IN THE PROCESS OF REHABILITATION AND NEW CONSTRUCTION AS OF DECEMBER 31, 2020. TAX CREDIT AND CONSTRUCTION FINANCING CLOSED IN AUGUST 2020. THE PROJECT WAS PLACED IN SERVICE IN 2022. 0 0 0 NORTH HOUSING- NORTH HOUSING PROJECT INCLUDES THE DEVELOPMENT OF 12 ACRES OF FORMER MILITARY LAND INTO A NEW NEW AFFORDABLE MIXED INCOME NEIGHBORHOOD WITH A TARGET OF 586 NEW RENTAL HOMES BY 2030. THIS PROJECT IS IN THE PREDEVELOPMENT STAGE AS OF DECEMBER 31, 2022. IN 2022 ICD CREATED THE FOLLOWING LEGAL ENTITIES FOR 0 0 0 FOR PLANNED FUTURE AFFORDABLE HOUSING ACQUISITION AND LOW-INCOME HOUSING TAX CREDIT DEVELOPMENT: LAKEHURST AND MOSELY LP ICD LAKEHURST LLC MOSELY AND MABUHAY LP ICD MOSELY LLC MABUHAY AND LAKEHURST LP 0 0 0 ICD MABUHAY LLC ICD WEBSTER LLC 0 0 0 0 true false false false false false false false false false false false false true true false true false false false false false false false false false false false false true false false false false false true false false false false false false true true false false false true 5 0 0 false false false false false false false false false false false false false false false X 3 1 false false false false false false false true true false false true true true true true true false false true true CA X X X VANESSA COOPER 5107474320 701 ATLANTIC AVE ALAMEDA CA 94501 X VANESSA COOPER PRESIDENT 0.25 X X 0 341829 78064 GREGORY KATS SECRETARY/TREASURER 0.25 X X 0 207772 41267 CARLY GROB VICE PRESIDENT 0.25 X X 0 500 0 0 550101 119331 false true false MANAGEMENT FEES 541640 41352 0 0 41352 1 0 1 2287350 0 2287350 2287350 0 0 2287350 EQUITY IN EARNINGS(LOSS) ON INVESTMENT 541640 -503 0 0 -503 INTEREST ADJUSTMENT 541640 5855 0 0 5855 5352 2334055 41352 0 2292703 0 0 0 0 0 0 0 0 544 0 544 0 45636 0 45636 0 2000 0 2000 0 DEVELOPMENT CONSULTING 300000 0 300000 0 STATE TAXES 204 0 204 0 348384 0 348384 0 2798182 1873999 14 15 9296 40014 0 2287350 6762416 7770710 9569908 11972088 111524 164837 7839416 8202612 7950940 8367449 X 1618968 3604639 1618968 3604639 9569908 11972088 1985671 X false true X true false X X 1 HOUSING AUTHORITY OF THE CITY OF ALAMEDA 946003048 6 true 0 0 1 0 0 0 0 0 0 true false false false false false false false false false false false false false false false false false false true false Pt I Ln 12g PROFESSIONAL PROJECT MANAGEMENT SERVICES. CONSTRUCTION IN PROGRESS 7780757 DEVELOPER FEE RECEIVABLE 2435000 INVESTMENT IN AFFILIATES -2450647 DUE FROM AFFILIATES 5600 7770710 AHA PROPERTY LOAN 7500000 ACCRUED DEVELOPER FEE 702612 DUE TO/FROM AFFILIATES 0 8202612 X 5576087 3242032 3242032 2334055 2334055 8512792 8164408 8164408 348384 348384 Pt X, Line 2 THE COMPANY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE COMPANY DOES NOT HAVE ANY INCOME WHICH IT BELIEVES WOULD SUBJECT IT TO UNRELATED BUSINESS INCOME TAXES. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. Pt X, Line 2 INCOME TAXES ON LIMITED PARTNERSHIP AND LLC INCOME ARE INCLUDED IN THE TAX RETURNS OF THE PARTNERS OR MEMBERS. THE FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY IS BASED ON THE ENTITYS LEGAL STATUS AS A PARTNERSHIP OR LLC AND IS REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. Pt X, Line 2 ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. HOWEVER, THE LIMITED PARTNERSHIPS AND THE LLCS ARE REQUIRED TO PAY AN $800 FEE TO THE CALIFORNIA FRANCHISE TAX BOARD. THERE ARE NO CURRENT TAX EXAMINATIONS PENDING. Pt XI, Line 2d INCOME ($3,282,880) AND EXPENSES ($8,314,459) FROM AFFILIATES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS AS PER GAAP, AND THEIR ELIMINATING ENTRIES ($109,203) SEPARATELY REPORTED FOR TAX PURPOSES. Pt XII, Line 2d SEE EXPLANATION ABOVE FOR PART XI, LINE 2d. false false false false false false false false false VANESSA COOPER 0 341829 0 0 0 0 0 41144 0 36920 0 419893 0 0 GREGORY KATS 0 207772 0 0 0 0 0 13794 0 27473 0 249039 0 0 VANESSA COOPER BOARD MEMBER 419893 ALSO SERVES ON BOARDS OF AFFILIATED ENTITIES false GREGORY KATS BOARD MEMBER 249039 ALSO SERVES ON BOARDS OF AFFILIATED ENTITIES false Pt VI, Line 15a THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR EMPLOYEES. SALARY AND OTHER COMPENSATION ARE PAID AND REPORTED BY AFFILIATE. Pt VI, Line 15b SEE ABOVE EXPLANATION Pt VI, Line 15a. Pt VI, Line 19 THE FORMS 990 ARE AVAILABLE TO THE PUBLIC AT WWW.ISLANDCEITYDEVELOPMENT.ORG., THE ATTORNEY GENERAL WEBSITE AND GUIDESTAR.ORG. ALSO SEE EXPLANATION FOR Pt VI, Line 12c, BELOW. Pt VI, Line 11b A COMPLETE COPY OF THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. Pt VI, Line 12c THE GOVERNING DOCUMENTS, INCLUDING CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, ARE REVIEWED AND CONSIDERED AT A MEETING THAT IS OPEN TO THE PUBLIC. AS A PUBLIC ENTITY, ALL OF THE HOUSING AUTHORITY RECORDS, INCLUDING ISLAND CITY DEVELOPMENT, ARE PUBLICLY AVAILABLE. Pt VII, Col (E) SEE EXPLANATION FOR Pt VI, Line 15a, ABOVE. Form 990, Part III, Line 4d NORTH HOUSING- NORTH HOUSING PROJECT INCLUDES THE 0. 0. 0. Form 990, Part III, Line 4d FOR PLANNED FUTURE AFFORDABLE HOUSING ACQUISITION 0. 0. 0. Form 990, Part III, Line 4d ICD MABUHAY LLC 0. 0. 0. 2437 EAGLE AVENUE LLC 701 ATLANTIC AVE ALAMEDA CA 94501 371852983 LOW INCOME HOUSING CA 11015 37620 ISLAND CITY DEVELOPMENT DEL MONTE SENIOR LLC 701 ATLANTIC AVE ALAMEDA CA 94501 384009678 LOW INCOME HOUSING CA 23255 317457 ISLAND CITY DEVELOPMENT ROSEFIELD LLC 701 ATLANTIC AVE ALAMEDA CA 94501 320583648 LOW INCOME HOUSING CA 7403 2006819 ISLAND CITY DEVELOPMENT ICD WEBSTER LLC 701 ATLANTIC AVE ALAMEDA CA 94501 882791426 LOW INCOME HOUSING CA 0 0 ISLAND CITY DEVELOPMENT ICD MOSLEY LLC 701 ATLANTIC AVE ALAMEDA CA 94501 882370668 LOW INCOME HOUSING CA 0 0 ISLAND CITY DEVELOPMENT ICD LAKEHURST LLC 701 ATLANTIC AVE ALAMEDA CA 94501 881840815 LOW INCOME HOUSING CA 0 0 ISLAND CITY DEVELOPMENT ICD MABUHAY LLC 701 ATLANTIC AVE ALAMEDA CA 94501 882412875 LOW INCOME HOUSING CA 0 0 ISLAND CITY DEVELOPMENT ALAMEDA HOUSING AUTHORITY 701 ATLANTIC AVE ALAMEDA CA 94501 946093048 HOUSING AUTHORITY CA GOVT NA false SHERMAN & BUENA VISTA LP 701 ATLANTIC AVE ALAMEDA CA 94501 813540156 LOW INCOME HOUSING CA ICD RELATED 23137 4380023 false 0 true 0.00010 EVERETT AND EAGLE LP 701 ATLANTIC AVE ALAMEDA CA 94501 371854574 LOW INCOME HOUSING CA ICD RELATED 10888 138665 false 0 true 0.00010 STARGELL COMMONS LP 2220 OXFORD STREET BERKELEY CA 94704 473210229 LOW INCOME HOUSING CA STARGELL COMMONS LP RELATED 0 4926 false 0 false 0.00100 CONSTITUTION AND EAGLE LP 701 ATLANTIC AVENUE ALAMEDA CA 94501 832961811 LOW INCOME HOUSING CA ICD RELATED -134281 3824549 false 0 true 0.00010 MOSLEY AND MABUHAY LP 701 ATLANTIC AVE ALAMEDA CA 94501 882394919 LOW INCOME HOUSING CA ICD MOSLEY LLC RELATED 0 0 false 0 true 0.00010 MABUHAY AND LAKEHURST LP 701 ATLANTIC AVE ALAMEDA CA 94501 882433716 LOW INCOME HOUSING CA ICD MABUHAY LLC RELATED 0 0 false 0 true 0.00010 LAKEHURST AND MOSLEY LP 701 ATLANTIC AVE ALAMEDA CA 94501 882633882 LOW INCOME HOUSING CA ICD LAKEHURST LLC RELATED 0 0 false 0 true 0.00010 false true false true true false false false false false true true true true true false false false false ALAMEDA HOUSING AUTHORITY k, n 15636742 COST ALAMEDA HOUSING AUTHORITY o 669432 COST ALAMEDA HOUSING AUTHORITY m 300000 COST ALAMEDA HOUSING AUTHORITY m 61000 COST EVERETT & EAGLE LP d 87500 COST CONSTITUTION AND EAGLE LP d 189000 COST