2025-09-17T11:26:13-05:00 2024-12-31 814234542 BPM LLP ONE CALIFORNIA STREET SUITE 2500 SAN FRANCISCO CA 941115426 990 2024-01-01 850941543 THE AFFORDABILITY PROJECT AFFO 4159544454 3364 SACRAMENTO STREET SAN FRANCISCO CA 94118 JOSEPH TOBONI IV PRESIDENT 4159544454 2025-09-15 1 1 JEANETTE M LEE P01073684 4154215757 2025-09-15 2024 2025-03-06 01:10:19Z JOSEPH TOBONI IV 3364 SACRAMENTO STREET SAN FRANCISCO CA 94118 3805283 0 X AFFORDABILITYPROJECT.COM X 2020 CA TO PROVIDE AFFORDABLE HOUSING UNITS TO LOW AND MIDDLE INCOME INDIVIDUALS AND THEIR FAMILIES THAT ARE PUBLIC SERVICE PROVIDERS THAT SUPPORT CRITICAL LOCAL INFRASTRUCTURES IN THE SAN FRANCISCO BAY AREA AND SURROUNDING COUNTIES, INCLUDING BUT NOT LIMITED TO GOVERNMENT EMPLOYEES, TEACHERS, POLICE OFFICERS, FIREFIGHTERS, PUBLIC HEALTH WORKERS, NURSES AND OTHER FIRST RESPONDERS. 10 9 1 3 0 0 1141315 3736048 0 0 2045 69235 2832 -54097 1146192 3751186 0 0 0 0 240559 269271 0 0 154542 22750 25608 263309 294879 882883 3456307 7007102 10437987 2079738 2054316 4927364 8383671 X TO PROVIDE AFFORDABLE HOUSING UNITS TO LOW AND MIDDLE INCOME INDIVIDUALS AND THEIR FAMILIES THAT ARE PUBLIC SERVICE PROVIDERS THAT SUPPORT CRITICAL LOCAL INFRASTRUCTURES IN THE SAN FRANCISCO BAY AREA AND SURROUNDING COUNTIES, INCLUDING BUT NOT LIMITED TO GOVERNMENT EMPLOYEES, TEACHERS, POLICE OFFICERS, FIREFIGHTERS, PUBLIC HEALTH WORKERS, NURSES AND OTHER FIRST RESPONDERS. 0 0 A. BETWEEN JANUARY 1, 2024 AND DECEMBER 31, 2024 ALL ACTIVITIES WERE FOR THE PRE-CONSTRUCTION REQUIREMENTS TO SUBMIT THE PROJECT APPLICATION TO THE SAN FRANCISCO PLANNING COMMISSION, COMPLETE PLANNING COMMISSION PROCESS, AND TO EXECUTE COMMUNITY DEVELOPMENT. 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X TIM SZARNICKI 4159544454 3364 SACRAMENTO STREET SAN FRANCISCO CA 94118 JOSEPH TOBONI IV PRESIDENT AND DIRECTOR 1.00 X X 0 0 0 MARY DRISCOLL TOBONI SECRETARY AND DIRECTOR 1.00 X X 0 0 0 ADAM TARTAKOVSKY TREASURER AND DIRECTOR 1.00 X X 0 0 0 HILARY NEWSOM DIRECTOR 1.00 X 0 0 0 TIM SZARNICKI EXECUTIVE DIRECTOR 40.00 X X 252599 0 0 JOE TOBONI III BOARD MEMBER 1.00 X 0 0 0 JORDAN LANGER BOARD MEMBER 1.00 X 0 0 0 MIKE HEFFERNAN IV BOARD MEMBER 1.00 X 0 0 0 JAMIE WEINSTEIN BOARD MEMBER 1.00 X 0 0 0 JOHN ANDREINI BOARD MEMBER 1.00 X 0 0 0 KATY TANG DIRECTOR (TO 12/24) 1.00 X 0 0 0 252599 0 0 1 0 1 0 0 205950 3530098 3736048 69235 69235 0 205950 54097 -54097 -54097 3751186 0 0 15138 254675 102302 152373 14596 14596 1942 1942 94937 94937 593 593 872 872 358 358 REPAIRS & MAINTENANCE 7750 7750 PAYROLL FEES 4152 4152 FEES AND EVENTS 2169 2169 TAXES & LICENSES 1516 1516 -88681 -88681 294879 0 140337 154542 233711 85844 347955 3361275 49914 2240 5750000 5750000 5750000 675436 1188714 7007102 10437987 129738 104316 1950000 1950000 2079738 2054316 X 1127364 4583671 3800000 3800000 4927364 8383671 7007102 10437987 3456307 0 X 0 1 X 1 0 X 125000 4277180 1141315 3736048 9279543 125000 4277180 1141315 3736048 9279543 7051708 2227835 2045 69235 71280 2832 2832 9353655 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5750000 5750000 5750000 CONSTRUCTION IN PROGRESS 1188714 1188714 X 3805283 54097 54097 3751186 0 3751186 348976 54097 54097 294879 0 294879 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED TAX-EXEMPT STATUS FROM THE FEDERAL GOVERNMENT UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND THE STATE OF CALIFORNIA UNDER REVENUE AND TAXATION CODE SECTION 23701D. MANAGEMENT BELIEVES THE ORGANIZATION IS CURRENTLY DESIGNED AND OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN A TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAX AUTHORITY. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 54,097. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 54,097. CATALYST EVENT 205950 205950 1678 15398 31742 5279 205950 205950 1678 15398 31742 5279 54097 -54097 X 0 0 0 0 0 0 0 1 0 TIM SZARNICKI EXECUTIVE DIRECTOR 212599 0 40000 0 0 0 0 0 0 0 252599 0 0 0 PART I, LINE 7 TIM SZARNICKI'S BONUS WAS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH TOBONI IV, JOSEPH TOBONI III, AND MARY TOBONI HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION MEMBERS CAN ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ORGANIZATION MEMBERS CAN MAKE CERTAIN GOVERNACE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C UPON THE OCCURRENCE OF AN EVENT BY WHICH A PERSON BECOMES A COVERED INDIVIDUAL, OR WHEN LEAVING SUCH POSITION, HE OR SHE FILES AN INITIAL CONFLICTS OF INTEREST DISCLOSURE STATEMENT, WITHIN THIRTY (30) DAYS OF SUCH EVENT. ALL COVERED INDIVIDUALS SUBMIT ANNUAL DISCLOSURE STATEMENTS, AND ARE REQUIRED TO FILE A DISCLOSURE STATEMENT IF THERE IS ANY OCCURENCE THAT REQUIRES DISCLOSURE. THE SECRETARY AND PRESIDENT EXERCISES DISCRETION IN DETERMINING WHETHER THE ACTIVITIES OF COVERED INDIVIDUALS ARE PROHIBITED UNDER THE CONFLICT OF INTEREST POLICY. SITUATIONS DEEMED INAPPROPRIATE WHICH ARE NOT CORRECTED TO THE SATISFACTION OF THE SECRETARY AND THE PRESIDENT WILL BE REPORTED TO THE BOARD OF DIRECTORS FOR DISCIPLINARY ACTION. ANY ACTION TAKEN BY THE BOARD OF DIRECTORS WITH RESPECT TO PROHIBITED ACTS WILL BE FINAL AND BINDING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REQUIRES APPROVAL BY THE BOARD FOR COMPENSATION OF TOP MANAGEMENT OFFICIALS AND OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST.