2025-03-10T11:46:08-07:00 2024-08-31 680199099 SND Partners LLP 3470 Mt Diablo Blvd Suite A300 Lafayette CA 94549 990 2023-09-01 942687767 Savo Island Cooperative Homes Inc SAVO 5106470700 1835 Alcatraz Avenue Berkeley CA 94703 HOREA MUSSA-SAID President 2025-03-04 true true Brieanne E Fairley P01886211 9253762195 2023 2025-03-06 01:10:19Z HOREA MUSSA-SAID 1835 Alcatraz Avenue Berkeley CA 94703 1657414 false X N/A X 1978 CA TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS 11 11 0 0 725969 1027609 517202 457652 11756 172153 0 1254927 1657414 0 0 351807 313004 0 0 1394918 1132495 1746725 1445499 -491798 211915 9314829 9210699 6670350 6360446 2644479 2850253 TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS false false 1304393 457652 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. 1304393 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 17 0 true 0 false false false false false false false 0 false false false false false false false X 11 11 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 1.00 0.00 X X 0 0 0 TASHYA BROOKS Vice President 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 SANDRA HENNEMAN Secretary 1.00 0.00 X X 0 0 0 MARY ELIEISAR Director 1.00 0.00 X 0 0 0 CAROL NORRIS Director 1.00 0.00 X 0 0 0 STACY BELL Director 1.00 0.00 X 0 0 0 KEITH BELL Director 1.00 0.00 X 0 0 0 AHMED HAROUN Director 1.00 0.00 X 0 0 0 JANE STILLWATER Director 1.00 0.00 X 0 0 0 0 false false false XIN XIN CONSTRUCTION 1666 26TH AVENUE SAN FRANCISCO CA 94122 CONSTRUCTION 107021 1 1027609 1027609 MISCELLANEOUS REVENUE 531110 2407 2407 TENANT CHARGES 531110 1337 1337 TENANT RENTS 531110 453908 453908 457652 172153 172153 0 0 0 0 0 0 0 0 1657414 457652 172153 0 0 0 0 0 0 249608 249608 5891 5891 38031 38031 19474 19474 68268 68268 37588 37588 27582 27582 0 0 0 54753 21375 33378 2605 2605 23988 23988 7765 7765 0 657077 657077 922 922 0 4091 2213 1878 0 0 184338 184338 0 MORTGAGE INSURANCE PREMIUM 26582 26582 ASSET MANAGEMENT FEE 10000 10000 WORKERS COMPENSATION 9028 9028 BANK FEES 8173 8173 9735 9735 1445499 1304393 141106 0 241997 24446 882397 3990309 0 178855 30001 0 0 0 0 54227 67843 10804419 5858155 5103683 4946264 2853670 0 0 0 0 151836 9314829 9210699 421846 245767 20577 9764 6216260 6093248 11667 11667 6670350 6360446 X 2644479 2850253 2644479 2850253 9314829 9210699 X 211915 -6141 X false true X true true true X 778187 755769 760178 725969 1027609 4047712 0 0 778187 755769 760178 725969 1027609 4047712 0 4047712 3588 1160 451 11756 172153 189108 0 635 59 2900675 2901369 7138189 2453683 0.56710 0.56510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250176 250176 10047101 5410933 4636168 507142 447222 59920 4946264 ASSET MANAGEMENT FEE PAYABLE 11667 11667 X 1367569 1367569 289845 289845 1657414 1445499 1445499 1445499 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, 2023, 2022, 2021 AND 2020 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 4b: Other revenue amounts included on 990 but not included in F/S NET TRANSFERS TO PAID-IN-SURPLUS $289845 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 VALUE = -$6141