2024-11-15T10:47:51-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 2300 N MAIN STREET SUITE 400 WALNUT CREEK CA 94596 990 2023-01-01 954646521 CENTURY VILLAGES AT CABRILLO INC CENT 3102580700 1000 CORPORATE POINTE 200 CULVER CITY CA 90230 HOWARD CHAN VICE PRESIDENT, CFO 3106422000 2024-11-15 1 0 ERIC M BARNETT P01433887 9259494300 2023 2024-10-15 13:58:12Z BRIAN DANDREA 1000 CORPORATE POINTE 200 CULVER CITY CA 90230 5618245 0 X WWW.CENTURYVILLAGES.ORG X 1997 CA TO PROVIDE LOW-INCOME HOUSING AND RELATED SOCIAL SUPPORTIVE SERVICES 8 8 0 0 0 0 1348127 860445 6880298 4364826 103264 125811 258843 267163 8590532 5618245 0 0 0 0 2879066 3262710 0 0 0 3463360 4025525 6342426 7288235 2248106 -1669990 33533264 33730683 15535337 17402746 17997927 16327937 CVC IS A NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATION THAT SERVES AS THE STEWARD OF THE VILLAGES AT CARBILLO. CVC DELIVERS PROPERTY MANAGEMENT, REAL ESTATE DEVELOPMENT, AND SUPPORTIVE SERVICES WHICH AIM TO EMPOWER RESIDENTS, RESTORE HEALTH AND INSPIRE HOPE. 0 0 7241018 4364826 DEVELOPMENT AND REHABILITATION OF RESIDENTIAL HOUSING FOR VARIOUS SOCIAL PROGRAMS, INCLUDING HOMELESS VETERANS AND FAMILIES 7241018 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 76 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CENTURY VILLAGES AT CABRILLO INC 3102580700 1000 CORPORATE POINTE 200 CULVER CITY CA 90230 YVONNE BURKE CHAIR 0.00 1.00 X 0 17600 0 CARRIE HAWKINS DIRECTOR 0.00 1.00 X 0 17237 363 STEVEN R LEWIS DIRECTOR 0.00 1.00 X 0 17600 0 DANIEL LOPEZ DIRECTOR 0.00 1.00 X 0 16976 624 LOUISE OLIVER DIRECTOR 0.00 1.00 X 0 17237 363 KRISTINA OLSON DIRECTOR 0.00 1.00 X 0 17600 0 DARROCH YOUNG DIRECTOR 0.00 1.00 X 0 17600 0 CHRISTOPHER CAMERON DIRECTOR 0.00 1.00 X 0 17600 0 BRIAN NICHOLAS DANDREA PRESIDENT 19.50 20.50 X 0 397219 63561 STEVEN COLMAN VICE PRESIDENT 20.00 20.00 X 0 257099 44548 HOWARD CHAN VICE PRESIDENT, CFO 20.00 20.00 X 0 253399 50671 KIM CRAWFORD WEE VICE PRESIDENT 40.00 0.00 X 0 188555 49030 BRETT MORALES VICE PRESIDENT 40.00 0.00 X 0 176141 40377 RONALD M GRIFFITH VICE PRESIDENT 2.50 37.50 X 0 521853 69119 FERN HENDRICKSON VICE PRESIDENT 20.00 20.00 X 0 244050 55688 BEULAH KU VICE PRESIDENT, CORPORATE SECRETARY 1.00 39.00 X 0 200970 22811 ANDREA SANTANA ASSISTANT CORPORATE SECRETARY 40.00 0.00 X 0 111781 28257 JORDAN JOHNSON SENIOR DEVELOPMENT MANAGER 20.00 20.00 X 0 191696 27278 HEATHER SHARP VICE PREISDENT, PROPERTY OPERATIONS 20.00 20.00 X 0 191301 21735 CHRISTOPHER POPE SENIOR DEVELOPMENT MANAGER 20.00 20.00 X 0 235232 25758 GILBERT GONZALES SENIOR DEVELOPMENT MANAGER 20.00 20.00 X 0 165750 25130 MARIA RUIZ ASSISTANT CONTROLLER 20.00 20.00 X 0 137948 43593 0 3412444 568906 0 0 1 0 0 562600 297845 860445 RENTAL PROPERTY INCOME 531310 4132996 4132996 OTHER REVENUE 531310 231830 231830 4364826 125811 125811 267163 0 267163 267163 5618245 4364826 0 392974 3262710 3262710 3492 3492 32800 32800 10925 10925 11415 11415 372817 372817 736557 736557 213412 213412 REPAIRS AND MAINTENANCE 1865421 1865421 GENERAL AND ADMINISTRAT 532591 532591 UTILITIES 208165 208165 INVESTMENT LOSS 783 783 37147 37147 7288235 7241018 47217 0 215428 156753 87648 91637 65370 86403 21691023 10048961 11872775 11642062 1345780 1344997 19946263 20408831 33533264 33730683 1223110 1514731 14312227 15888015 15535337 17402746 X 17997927 16327937 17997927 16327937 33533264 33730683 -1669990 0 X X 0 1 X 1 0 X 796661 2208449 1055532 1348127 860445 6269214 3518712 3592139 3763338 6880298 4364826 22119313 4315373 5800588 4818870 8228425 5225271 28388527 0 0 0 28388527 690 30711 100316 103264 125811 360792 690 30711 100316 103264 125811 360792 4316063 5831299 4919186 8331689 5351082 28749319 0.98750 0.99140 0.01250 0.00860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1397640 1397640 14666290 6552236 8114054 3651800 1801733 1850067 1975293 1694992 280301 0 11642062 CONSTRUCTION IN PROGRESS 721001 DUE FROM AFFILIATES 19609326 SECURITY DEPOSITS 54148 REPLACEMENT RESERVE 24356 20408831 SECURITY DEPOSITS PAYABLE 56490 NOTES PAYABLE TO RELATED PARTIES 15808214 PREPAID RENT 23311 15888015 X 5618245 0 5618245 0 5618245 7288235 0 7288235 0 7288235 PART X, LINE 2: THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. NIGHT OF AQUARIUM 267163 267163 267163 267163 267163 X 0 0 0 0 0 0 0 0 0 RONALD M GRIFFITH VICE PRESIDENT 0 387985 0 94997 0 38871 0 32082 0 37037 0 590972 0 0 BRIAN NICHOLAS DANDREA PRESIDENT 0 318440 0 77969 0 810 0 28392 0 35169 0 460780 0 0 HOWARD CHAN VICE PRESIDENT, CFO 0 205960 0 38883 0 8556 0 20285 0 30386 0 304070 0 0 STEVEN COLMAN VICE PRESIDENT 0 162472 0 48000 0 46627 0 20489 0 24059 0 301647 0 0 FERN HENDRICKSON VICE PRESIDENT 0 197875 0 38759 0 7416 0 18931 0 36757 0 299738 0 0 CHRISTOPHER POPE SENIOR DEVELOPMENT MANAGER 0 198558 0 27119 0 9555 0 13818 0 11940 0 260990 0 0 KIM CRAWFORD WEE VICE PRESIDENT 0 167727 0 20000 0 828 0 15018 0 34012 0 237585 0 0 BEULAH KU VICE PRESIDENT, CORPORATE SECRETARY 0 158016 0 30952 0 12002 0 15694 0 7117 0 223781 0 0 JORDAN JOHNSON SENIOR DEVELOPMENT MANAGER 0 168150 0 23492 0 54 0 15347 0 11931 0 218974 0 0 BRETT MORALES VICE PRESIDENT 0 134468 0 12000 0 29673 0 14082 0 26295 0 216518 0 0 HEATHER SHARP VICE PREISDENT, PROPERTY OPERATIONS 0 166731 0 24300 0 270 0 15283 0 6452 0 213036 0 0 GILBERT GONZALES SENIOR DEVELOPMENT MANAGER 0 142547 0 19492 0 3711 0 12792 0 12338 0 190880 0 0 MARIA RUIZ ASSISTANT CONTROLLER 0 119889 0 17663 0 396 0 11993 0 31600 0 181541 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: CENTURY VILLAGES AT CABRILLO (CVC) IS A 501(C)3 NONPROFIT AFFILIATE OF CENTURY HOUSING CORPORATION, A 501(C)3 NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. FOUNDED IN 1997, CVC'S ORIGINAL SOLE PURPOSE WAS TO TAKE TITLE TO THE 27-ACRE FORMER NAVAL HOUSING SITE KNOWN AS THE VILLAGES AT CABRILLO. CVC'S MISSION AND PROGRAMS HAVE EXPANDED SIGNIFICANTLY OVER THE YEARS. CVC'S BOARD OF DIRECTORS IS COMPRISED OF THE SAME MEMBERS THAT SERVE ON THE CENTURY HOUSING CORPORATION'S BOARD IN ORDER TO PROVIDE PRUDENT OVERSIGHT OF LOANS, INVESTMENTS, AND GUARANTEES ON THE PROPERTY UNDERWRITTEN BY CENTURY HOUSING CORPORATION. CVC BOARD MEMBERS RECEIVE NO COMPENSATION FROM CVC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS. AN EXTERNAL TAX PREPARER AND CENTURY VILLAGES AT CABRILLO, INC. STAFF WORK TOGETHER TO GATHER THE INFORMATION NECESSARY TO COMPLETE THE TAX RETURN. STAFF REVIEWS AN INITIAL DRAFT TAX RETURN FROM THE TAX PREPARER AND DISCUSSES ANY ISSUES OR CHANGES. ONCE STAFF IS SATISFIED WITH THE DRAFT TAX RETURN A COPY IS EMAILED TO EACH MEMBER OF THE CENTURY VILLAGES AT CABRILLO, INC. BOARD OF DIRECTORS FOR THEIR REVIEW. ANY QUESTIONS OR REQUESTS FOR COMMENT OR CLARIFICATION FROM THE MEMBERS OF THE BOARD ARE HANDLED BY STAFF OR THE EXTERNAL TAX PREPARER, AND IF NEEDED A FURTHER DRAFT IS PREPARED FOR REVIEW BY STAFF. THE PRESIDENT AND VICE PRESIDENT, CFO MAKE A FINAL REVIEW OF THE TAX RETURN PRIOR TO EXECUTION AND FILING. FORM 990, PART VI, SECTION B, LINE 12C DISCUSSION AND DISCLOSURE AS A PART OF REGULAR BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION INCLUDES THE FOLLOWING ELEMENTS: 1. REVIEW AND APPROVAL - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C YES, THE ORGANIZATION HAS AN AUDIT COMMITTEE WITH THESE RESPONSIBILITIES. PROCESS IS UNCHANGED FROM PRIOR YEAR. CENTURY VILLAGES PROPERTY MANAGEMENT LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 271113017 TO PROVIDE PROPERTY MANAGEMENT SERVICES CA 741358 3542928 CENTURY VILLAGES AT CABRILLO INC CVC PHASE IV LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 463419241 TO ACT AS THE GENERAL PARTNER OF CABRILLO GATEWAY, LP CA -62 531579 CENTURY VILLAGES AT CABRILLO INC CVC PHASE V LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 474529286 TO ACT AS THE GENERAL PARTNER OF ANCHOR PLACE, LP CA -175 1146806 CENTURY VILLAGES AT CABRILLO INC CVC PHASE II LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 844613531 TO ACT AS THE GENERAL PARTNER OF PLAZA DE CABRILLO, L.P. CA -149 9710948 CENTURY VILLAGES AT CABRILLO INC CVC PHASE VI LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 861326283 TO ACT AS THE GENERAL PARTNER OF PLAZA DE CABRILLO, L.P. CA 0 9626765 CENTURY VILLAGES AT CABRILLO INC CENTURY AFFORDABLE DEVELOPMENT INC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 954648166 TO HOLD CENTURY-FINANCED PROPERTIES OR TITLES TO DEVELOPMENT PROPERTIES CA 501(C)(3) 170(B)(1)(A)(VI) CENTURY HOUSING CORPORATION 0 CENTURY HOUSING CORPORATION 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 954540326 TO FINANCE AND DEVELOP AFFORDABLE HOUSING CA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 ONE SAN PEDRO INC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 873952962 PROMOTE SOCIAL WELFARE CA 501(C)(3) 170(B)(1)(A)(VI) CENTURY HOUSING CORPORATION 0 12010 SOUTH VERMONT LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 264392395 TO OWN/MANAGE AN AFFORDABLE APT COMMUNITY AT 12010 S VERMONT AVE,LOS ANGELES CA N/A 0 0 ACADEMY HALL LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 262151636 TO ACQUIRE AND REHABILITATE THE ACADEMY HALL APARTMENTS CA N/A 0 0 ANCHOR PLACE LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 472409905 TO OWN/MANAGE AN AFFORDABLE APT COMMUNITY IN LONG BEACH, CALIFORNIA CA CVC PHASE V LLC RELATED -175 1146806 0 1 0.00010 BEACON PLACE LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 811942079 TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA CA N/A 0 0 BEACON POINTE LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 811957858 TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA CA N/A 0 0 CABRILLO GATEWAY LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 611706003 TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA CA CVC PHASE IV LLC RELATED -62 531579 0 1 0.00010 CASA RITA LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 821568536 TO DEVELOP A LOW INCOME HOUSING COMMUNITY LOCATED IN SOUTHERN CALIFORNIA CA N/A 0 0 CENTURY ARROWHEAD VISTA LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 800864279 TO OWN A 40 UNIT APARTMENT COMPLEX LOCATED IN SAN BERNARDINO, CALIFORNIA CA N/A 0 0 CENTURY BEACHWOOD APARTMENTS 2 LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 823305336 TO DEVELOP A LOW INCOME HOUSING COMMUNITY LOCATED IN SOUTHERN CALIFORNIA CA N/A 0 0 FLORENCE MOREHOUSE LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 475047615 TO DEVELOP A PORTION OF PROPERTY LOCATED IN LOS ANGELES, CALIFORNIA CA N/A 0 0 LONG BEACH SAVANNAH HOUSING LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 954752955 TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA CA CENTURY VILLAGES AT CABRILLO INC RELATED -268838 3593505 0 1 0.00100 OSP HARBOR CONNECTION LLC 7817 HERSCHEL AVE SUITE 102 SAN DIEGO CA 92037 TO OWN AND MANAGE AN AFFORDABLE APARTMENT COMMUNITY LOCATED IN SAN PEDRO CA N/A 0 0 THE FAMILY COMMONS AT CABRILLO LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 204600592 TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA CA CENTURY VILLAGES AT CABRILLO INC RELATED -117 2480418 0 1 0.00010 WEST LA VETERANS COLLECTIVE LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 831634090 CREATING A SUPPORTIVE HOUSING COMMUNITY FOR HOMELESS AND VETERANS IN WEST LA CA N/A 0 0 WOODBRIDGE APARTMENTS LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 842660437 TO ACQUIRE A PROPERTY INTEREST LOCATED IN LONG BEACH, CALIFORNIA CA N/A 0 0 PLAZA DE CABRILLO LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 842673399 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA CVC PHASE II LLC RELATED -149 9710948 0 1 0.00010 THE COVE LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 954646521 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA CVC PHASE VI LLC RELATED 9626765 0 1 0.00010 CENTURY ACKERFIELD LLC 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 871038314 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA N/A 0 0 CENTURY CITYVIEW LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 872058187 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA N/A 0 0 THE BANNING LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 871671248 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA N/A 0 0 CENTURY WLAVA 1 LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 852920462 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA N/A 0 0 CENTURY WLAVA 2 LP 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 871510695 TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY CA N/A 0 0 1 1 1 1 1 0 0 0 0 1 0 1 1 1 1 1 1 1 0 SUPPLEMENTAL SCHEDULE R DISCLOSURE: CENTURY VILLAGES AT CABRILLO (CVC) IS A 501(C)3 NONPROFIT AFFILIATE OF CENTURY HOUSING CORPORATION, A 501(C)3 NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. FOUNDED IN 1997, CVC'S ORIGINAL SOLE PURPOSE WAS TO TAKE TITLE TO THE 27-ACRE FORMER NAVAL HOUSING SITE KNOWN AS THE VILLAGES AT CABRILLO. CVC'S MISSION AND PROGRAMS HAVE EXPANDED SIGNIFICANTLY OVER THE YEARS. CVC'S BOARD OF DIRECTORS IS NOW COMPRISED OF THE SAME INDEPENDENT MEMBERS THAT SERVE ON THE CENTURY HOUSING CORPORATION'S BOARD IN ORDER TO PROVIDE PRUDENT OVERSIGHT OF LOANS, INVESTMENTS, AND GUARANTEES ON THE PROPERTY UNDERWRITTEN BY CENTURY HOUSING CORPORATION. CVC BOARD MEMBERS RECEIVE NO COMPENSATION FROM CVC.