2024-04-24T10:20:05-07:00 2023-08-31 680199099 SND Partners LLP 3470 Mt Diablo Blvd Suite A300 Lafayette CA 94549 990 2022-09-01 942687767 Savo Island Cooperative Homes Inc SAVO 5106470700 1835 Alcatraz Avenue Berkeley CA 94703 HOREA MUSSA-SAID PRESIDENT/VP 2024-04-17 true HOREA MUSSA-SAID 999009999 true Claude A Persons P00011016 9253762195 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X HOREA MUSSA-SAID 1835 Alcatraz Avenue Berkeley CA 94703 1254927 false X N/A X 1978 CA TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS 10 10 0 0 760178 725969 522656 517202 451 11756 2900675 0 4183960 1254927 0 0 172991 351807 0 0 1250599 1394918 1423590 1746725 2760370 -491798 9594982 9314829 6501000 6670350 3093982 2644479 TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS false false 1630783 517202 THE CORPORATION OPERATES A 57-UNIT COOPERATIVE APARTMENT COMPLEX IN BERKELEY, CA FOR LOW AND MODERATE INCOME HOUSEHOLDS UNDER SECTION 213-l8 OF THE NATIONAL AFFORDABLE HOUSING ACT. IT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO CARRYING CHARGES AND OPERATING METHODS. 1630783 true true false false false false false false false false true false false false true true 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 57 0 true 0 false false false false false false false 0 false false false false false false false X 10 10 false true false false true true false true false false false true false false false false false false CA X SAHA PROPERTY MANAGEMENT INC 5106470700 1835 ALCATRAZ AVENUE BERKELEY CA 94703 X HOREA MUSSA-SAID PRESIDENT/VP 1.00 0.00 X X 0 0 0 SANDRA HENNEMAN Secretary 1.00 0.00 X X 0 0 0 JOEL RUBENZAHL Treasurer 1.00 0.00 X X 0 0 0 ZEWDI BERHE VICE TREASURER 1.00 0.00 X X 0 0 0 ETHLEEN COAXUM Director 1.00 0.00 X 0 0 0 EVELYN COTTON Director 1.00 0.00 X 0 0 0 KEITH BELL Director 1.00 0.00 X 0 0 0 TASHYA BROOKS Director 1.00 0.00 X 0 0 0 MARY ELIEISAR Director 1.00 0.00 X 0 0 0 CAROLE NORRIS Director 1.00 0.00 X 0 0 0 MEL MARTYNN FORMER PRESDNT 1.00 0.00 X X 0 0 0 STACY BELL FORMER PRESDNT 1.00 0.00 X X 0 0 0 JANE STILLWATER FORMER SECRTRY 1.00 0.00 X X 0 0 0 0 false false false 0 725969 725969 MISCELLANEOUS REVENUE 531110 5894 5894 TENANT CHARGES 531110 157 157 TENANT RENTS 531110 511151 511151 517202 11756 11756 0 0 0 0 0 0 0 0 1254927 517202 11756 0 0 0 0 0 0 315652 315652 1378 1378 22643 22643 12134 12134 45449 45449 88368 88368 32227 32227 0 0 0 46122 21375 24747 0 24803 24803 5257 5257 0 848750 848750 849 849 0 2559 707 1852 0 0 186001 186001 0 BAD DEBTS 63975 63975 MORTGAGE INSURANCE PREMIUM 26972 26972 ASSET MANAGEMENT FEE 11667 11667 WORKERS COMPENSATION 6125 6125 5794 5794 1746725 1630783 115942 0 204215 241997 1221714 882397 0 2948640 178855 0 0 0 0 45834 54227 10777500 5673817 5172565 5103683 2853670 0 0 0 2014 0 9594982 9314829 156038 421846 9061 20577 6335901 6216260 11667 6501000 6670350 X 3093982 2644479 3093982 2644479 9594982 9314829 X -491798 54499 -12204 X false true X true true true X 777410 778187 755769 760178 725969 3797513 0 0 777410 778187 755769 760178 725969 3797513 0 3797513 4528 3588 1160 451 11756 21483 0 635 59 2900675 2901369 6720365 2434013 0.56510 0.55530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250176 250176 10020182 5242605 4777577 507142 431212 75930 5103683 ASSET MANAGEMENT FEE PAYABLE 11667 11667 X 1595778 54499 286352 340851 1254927 1254927 1746725 1746725 1746725 Part X : FIN48 Footnote THE CORPORATION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(3) AND BY THE CALIFORNIA FRANCHISE TAX BOARD UNDER CODE SECTION 23701(T). THE CORPORATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE INFORMATION RETURNS FOR THE YEARS ENDING AUGUST 31, 2022, 2021, 2020 AND 2019 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE AND FOUR YEARS AFTER THEY WERE FILED FOR THE FEDERAL AND STATE RETURNS, RESPECTIVELY. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 TRANSFERS FROM PAID-IN-SURPLUS $286352 Form 990, Part VI, Section A, Line 3 THE PROJECT IS MANAGED BY SATELLITE AFFORDABLE HOUSING ASSOCIATES PROPERTY MANAGEMENT (SAHA PM), AN UNRELATED NONPROFIT PUBLIC BENEFIT CORPORATION. SAHA PM IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE LOW INCOME HOUSING PROJECT, INCLUDING MAINTENANCE OF ACCOUNTING RECORDS, RENT COLLECTION, FACILITY MAINTENANCE, ETC. Form 990, Part VI, Section A, Line 6 THE MEMBERS SHALL CONSIST OF THE INCORPORATORS AND SUCH SUBSCRIPTIONS AS HAVE BEEN APPROVED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS WHO HAVE PAID FOR THEIR MEMBERSHIP AND RECEIVED MEMBERSHIP CERTIFICATES. THE STATUS OF THE INCORPORATORS AS MEMBERS SHALL TERMINATE AT THE FIRST ANNUAL MEETING OF MEMBERS UNLESS THEY HAVE EXECUTED SUBSCRIPTION AGREEMENTS AND, WHERE REQUIRED BY THE ADMINISTRATION, OCCUPANCY AGREEMENTS. THE AUTHORIZED MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF 57 REGULAR MEMBERSHIPS. Form 990, Part VI, Section A, Line 8b THERE ARE NO SUBCOMMITTES OF THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 11b THE MANAGEMENT AGENT REVIEWS THE FORM 990 PRIOR TO PRESENTATION TO THE BOARD FOR SIGNATURE. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 NET REFUND OF CERTIFICATES OF INITIAL CAPITAL VALLUE = -$12204