2024-11-15T10:54:25-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90822 990 2023-01-01 061713301 HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC) HOME 8056485008 995 RIVERSIDE STREET VENTURA CA 93001 JOE NOCELLA CFO 8056485008 2024-11-15 1 0 WILLIAM LETSINGER P00478303 5624329482 2023 2024-10-15 13:58:12Z JOE NOCELLA 995 RIVERSIDE STREET VENTURA CA 93001 3673819 0 X N/A X 2003 CA PERFORMANCE OF THE MANAGEMENT OF CHAPEL LANE L.P., WHICH OWNS 38 APARTMENT RENTAL UNITS, TO BE PROVIDED TO QUALIFYING SENIOR LOW-INCOME HOUSEHOLDS, AS WELL AS EXPLORING NEW FINANCIAL MECHANISMS TO DEVELOP MORE AFFORDABLE HOUSING. 7 7 0 0 0 0 0 0 3689190 3673819 0 0 0 0 3689190 3673819 0 0 0 0 0 0 0 0 0 537985 595472 537985 595472 3151205 3078347 4998055 9723551 290638 1583248 4707417 8140303 X THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES ARE TO BENEFIT AND SUPPORT THE HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA BY PROVIDING, DEVELOPING, FINANCING, REHABILITATING, OWNING AND OPERATING DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS. 0 0 21878 THE ORGANIZATION SERVES AS A GENERAL PARTNER OF CHAPEL LANE L.P., WHICH OWNS AND OPERATES A 38 UNIT SENIOR HOUSING APARTMENT COMPLEX FOR LOW INCOME SENIORS LOCATED IN VENTURA, CALIFORNIA. 595472 250182 INVESTMENTS IN TEN LOW INCOME PROPERTIES THROUGH OWNING THEM AS THE SOLE MEMBER/OWNER OR MANAGING MEMBER OF THE FOLLOWING LIMITED LIABILITY COMPANIES:- ENCANTO DEL MAR APARTMENTS, LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER) - REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF ENCANTO DEL MAR APARTMENTS, L.P., WHICH OWNS AND OPERATES A 37 UNIT SENIOR HOUSING APARTMENT COMPLEX FOR LOW INCOME SENIORS LOCATED IN VENTURA, CALIFORNIA.- SOHO HOUSING LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF SOHO ASSOCIATES, L.P., WHICH OWNS AND OPERATES A 12 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VISTA DEL MAR COMMONS LLC (LLC WITH HOMECOMINGS, INC. AS THE MANAGING MEMBER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VISTA DEL MAR COMMONS, L.P., WHICH OWNS AND OPERATES A 140 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- CASTILLO DEL SOL LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF CASTILLO DEL SOL APARTMENTS, L.P., WHICH OWNS AND OPERATES A 40 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- JOHNSON GARDENS LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF JOHNSON GARDENS, L.P., WHICH OWNS AND OPERATES A 101 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- BUENA VIDA LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF BUENA VIDA, L.P., WHICH OWNS AND OPERATES A 95 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- RANCHO VERDE LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF RANCHO VERDE VENTURA, L.P., WHICH OWNS AND OPERATES A 24 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- EL PORTAL VENTURA LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF EL PORTAL VENTURA, L.P., WHICH OWNS AND OPERATES A 29 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- WILLETT RANCH LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF WILLETT RANCH, L.P., WHICH OWNS AND OPERATES A 50 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VILLAGES AT WESTVIEW I LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VILLAGES AT WESTVIEW I, L.P., WHICH OWNS AND OPERATES A 131 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA. 3340976 AHSC PROGRAM GRANT FUNDS - CONTRACT NUMBER 19-AHSC-12790UNDER THE AGREEMENT WITH THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT, THE ORGANIZATION RECEIVED FEDERAL GRANTS UNDER THE AHSC PROGRAM GRANT FUNDS. THE GRANT FUNDS WILL BE USED BY THE ORGANIZATION TO MAKE CAPITAL IMPROVEMENTS, CONSTRUCTION OF SIDEWALKS AND BIKEWAYS, UPGRADING BUS SHELTERS AND PURCHASING UNLIMITED MONTHLY PASSES FOR RESIDENTS. 595472 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 1 1 CA X THE ORGANIZATION 8056485008 995 RIVERSIDE STREET VENTURA CA 93001 JIM WHITE CHAIR 1.00 X 0 0 0 JOHN POLANSKEY VICE CHAIR 1.00 X 0 0 0 DIANA SPARAGNA DIRECTOR 1.00 X 0 0 0 KATE SIMONSON DIRECTOR 1.00 X 0 0 0 SELFA SAUCEDO DIRECTOR 1.00 X 0 0 0 CAROL SCHULKIN DIRECTOR 1.00 X 0 0 0 BARBARA KELLER DIRECTOR 1.00 X 0 0 0 JOE NOCELLA CFO 40.00 X 120126 0 0 JEFFREY LAMBERT EXECUTIVE DIRECTOR 40.00 X 71266 0 0 DENISE M WISE EXECUTIVE DIRECTOR 40.00 X 214116 0 0 405508 0 0 2 1 1 0 0 AHSC PROGRAM GRANT INC 230000 3340976 3340976 FFS-PARTNERSHIP INCOME 531390 272037 272037 INTEREST INCOME 531390 60783 60783 INCOME FROM CHAPEL LAN 531110 23 23 3673819 3673819 3673819 0 0 LOSSES FROM JOHNSON GAR 538620 538620 TAX PREP FEES 26258 26258 CONSULTANT 21249 21249 FRANCHISE TAX 7378 7378 1967 1967 595472 595472 0 0 100234 145186 481021 684549 4533194 7454445 -599556 -784165 483162 2223536 4998055 9723551 24038 1316648 266600 266600 290638 1583248 X 4707417 8140303 4707417 8140303 4998055 9723551 X 3078347 354539 X 0 0 0 X X 1 HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA 952461075 6 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B THE SUPPORTED ORGANIZATION RECEIVED AN IRS DETERMINATION LETTER. PART IV, SECTION A, LINE 3C THE HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA (HACSB) ENSURES THAT ALL SUPPORT TO SUCH ORGANIZATIONS WAS USED EXCLUSIVELY FOR SECTION 170(C)(2)(B) PURPOSES. THE BOARD OF COMMISSIONERS OF HACSB ARE THE SAME MEMBERS OF THE BOARD OF DIRECTORS OF HOMECOMINGS, INC. THEY PROVIDE GOVERNANCE AND OVERSIGHT OF HOMECOMINGS, INC., WHICH INCLUDES REVIEWING PERIODIC HOMECOMING, INC. BOARD OF DIRECTOR'S REPORTS AND REVIEW AND APPROVAL OF FINANCIAL REPORTS. MANAGEMENT CONTROLS INCLUDE REVIEWS AND APPROVALS OF FINANCIAL ACTIVITIES AND TRANSACTIONS BY PROPERTY MANAGERS OF HOMECOMINGS, INC. PROPERTIES. THEREAFTER, SECONDARY REVIEWS ARE PERFORMED BY THE FINANCE DEPARTMENT TO ENSURE ALL EXPENDITURE ARE APPROPRIATE, PROPERLY RECORDED AND CHARGED TO THE CORRECT PROPERTY. LASTLY, REVIEWS ARE PERFORMED TO ENSURE APPROPRIATENESS, TIMELINESS AND COMPLETENESS OF RECORDING HOMECOMINGS, INC.'S FINANCIAL TRANSACTIONS. 0 CONSTRUCTION IN PROGRESS 2223536 2223536 DUE TO HACSB 266600 266600 0 0 0 0 0 0 0 0 0 DENISE M WISE EXECUTIVE DIRECTOR 200131 0 0 0 13985 0 0 0 0 0 214116 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B EXPLANATION: THE FINANCE DEPARTMENT PERFORMS A DETAILED REVIEW OF THE FORM 990 IN CONJUNCTION WITH THE PREPARING FIRM AND ITS REPRESENTATIVES PRIOR TO ITS ULTIMATE FILING. FORM 990, PART VI, SECTION B, LINE 15 EXPLANATION: THE ORGANIZATION IS MANAGED BY THE BOARD OF DIRECTORS WHO ARE NOT COMPENSATED BY THE ORGANIZATION, AND DOES NOT HAVE ANY EMPLOYEES. THEREFORE, THE ORGANIZATION DOES NOT NEED A PROCESS FOR DETERMINING COMPENSATION THAT WOULD INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABE DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 EXPLANATION: ALL THE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS 354,539. ENCANTO DEL MAR APARTMENTS LLC 995 RIVERSIDE STREET VENTURA CA 93001 272920934 DEVELOP AND OWN AFFORDABLE HOUSING CA -15 291057 N/A SOHO HOUSING LLC 995 RIVERSIDE STREET VENTURA CA 93001 061713301 DEVELOP AND OWN AFFORDABLE HOUSING CA -20 89946 N/A VISTA DEL MAR COMMONS LLC 995 RIVERSIDE STREET VENTURA CA 93001 463202612 DEVELOP AND OWN AFFORDABLE HOUSING CA -130 -1226 N/A CASTILLO DEL SOL LLC 995 RIVERSIDE STREET VENTURA CA 93001 463197543 DEVELOP AND OWN AFFORDABLE HOUSING CA -6 -115 N/A JOHNSON GARDENS LLC 995 RIVERSIDE STREET VENTURA CA 93001 471832980 DEVELOP AND OWN AFFORDABLE HOUSING CA -538620 -4102863 N/A BUENA VIDA LLC 995 RIVERSIDE STREET VENTURA CA 93001 611774215 DEVELOP AND OWN AFFORDABLE HOUSING CA -133 -905 N/A RANCHO VERDE LLC 995 RIVERSIDE STREET VENTURA CA 93001 475374430 DEVELOP AND OWN AFFORDABLE HOUSING CA -39 -167 N/A EL PORTAL VENTURA LLC 995 RIVERSIDE STREET VENTURA CA 93001 845167218 DEVELOP AND OWN AFFORDABLE HOUSING CA -40 -230 N/A WILLETT RANCH LLC 995 RIVERSIDE STREET VENTURA CA 93001 843288131 DEVELOP AND OWN AFFORDABLE HOUSING CA -73 -217 N/A VILLAGES AT WESTVIEW I LLC 995 RIVERSIDE STREET VENTURA CA 93001 371830827 DEVELOP AND OWN AFFORDABLE HOUSING CA -95 266439 N/A HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA 995 RIVERSIDE STREET VENTURA CA 93001 952461075 MANAGING AND ADMINISTERING HOUSING ASSISTANCE PROGRAMS CA 170(B)(1)(A) LINE 6 N/A 0 TRIAD PROPERTIES 995 RIVERSIDE STREET VENTURA CA 93001 731726671 TO OWN AND OPERATE TWENTY-ONE LOW INCOME HOUSING UNITS CA 501(C)(3) LINE 9 HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA 0 CHAPEL LANE LP 995 RIVERSIDE STREET VENTURA CA 93001 352219591 TO DEVELOP, OWN AND OPERATE A 38 UNIT HOUSING COMPLEX CA N/A 23 874407 0 1 0.00010 ENCANTO DEL MAR APARTMENTS LP 995 RIVERSIDE STREET VENTURA CA 93001 272921141 TO DEVELOP, OWN AND OPERATE A 37 UNIT HOUSING COMPLEX CA ENCANTO DEL MAR APARTMENTS LLC -15 291057 0 1 0.00010 SOHO ASSOCIATES LP 995 RIVERSIDE STREET VENTURA CA 93001 800182492 TO DEVELOP, OWN AND OPERATE A 16 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLEX CA SOHO HOUSING LLC -20 89946 0 1 0.00010 VISTA DEL MAR COMMONS LP 995 RIVERSIDE STREET VENTURA CA 93001 371738957 TO DEVELOP, OWN AND OPERATE A 140 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA VISTA DEL MAR COMMONS LLC -130 -1226 0 1 0.00010 CASTILLO DEL SOL APARTMENTS LP 995 RIVERSIDE STREET VENTURA CA 93001 383935393 TO DEVELOP, OWN AND OPERATE A 40 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA CASTILLO DEL SOL LLC -6 -115 0 1 0.00010 JOHNSON GARDENS LP 995 RIVERSIDE STREET VENTURA CA 93001 471833095 TO DEVELOP, OWN AND OPERATE A 101 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA JOHNSON GARDENS LLC -538620 -4102863 1 1 0.00010 BUENA VIDA LP 995 RIVERSIDE STREET VENTURA CA 93001 475679115 TO DEVELOP, OWN AND OPERATE A 95 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA BUENA VIDA LLC -133 -905 0 1 0.00010 RANCHO VERDE VENTURA LP 995 RIVERSIDE STREET VENTURA CA 93001 352545390 TO DEVELOP, OWN AND OPERATE A 24 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA RANCHO VERDE VENTURA LLC -39 -167 0 1 0.00010 EL PORTAL VENTURA LP 995 RIVERSIDE STREET VENTURA CA 93001 845172377 TO DEVELOP, OWN AND OPERATE A 29 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA EL PORTAL VENTURA LLC -40 -230 0 1 0.00010 WILLETT RANCH LP 995 RIVERSIDE STREET VENTURA CA 93001 843301354 TO DEVELOP, OWN AND OPERATE A 50 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA WILLETT RANCH LLC -73 -217 0 1 0.00010 VILLAGES AT WESTVIEW I LP 995 RIVERSIDE STREET VENTURA CA 93001 611796704 TO DEVELOP, OWN AND OPERATE A 131 UNIT MULTIFAMILY AFFORDABLE HOUSING COMPLE CA VILLAGES AT WESTVIEW I LLC -95 266439 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SEE SCHEDULE O N SEE ADDITIONAL DATA TABLE O