2025-11-14T14:40:27-08:00 2024-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2024-01-01 330555563 NORTHTOWN HOUSING DEVELOPMENT CORP NORT 9094847140 10071 FERON BLVD RANCHO CUCAMONGA CA 91730 CAROL NORRIS President 2025-11-14 true true CHERI L BOGGELN P00854324 7143747434 2024 2025-03-06 01:10:19Z 10071 FERON BLVD RANCHO CUCAMONGA CA 91730 5310776 false X NORTHTOWNHOUSING.COM X 1993 CA TO REVITALIZE THE NORTHTOWN COMMUNITIES, TO PROVIDE QUALITY AFFORDABLE HOUSING AND TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHERN CALIFORNIA. 3 3 16 28 0 1448926 1461600 1164185 1413169 31059 15795 0 2644170 2890564 5245 1500 0 698126 786080 0 0 706450 721319 1409821 1508899 1234349 1381665 8761202 8842512 1794849 1796551 6966353 7045961 TO REVITALIZE THE NORTHTOWN COMMUNITIES, TO PROVIDE QUALITY AFFORDABLE HOUSING AND TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHERN CALIFORNIA. false false 844005 1413169 NORTHTOWN HOUSING DEVELOPMENT CORP. IS A NONPROFIT ORGANIZED FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES. NORTHTOWN ALSO PROVIDES SUPPORT EXPENSE DIRECTLY RELATED TO THE DEVELOPMENT AND SALE OF RESIDENTIAL PROPERTY TO QUALIFYING INDIVIDUALS. ALSO INCLUDED ARE CONTINUED OPERATING COSTS INCURRED ON THE COMMUNITY SERVICE CENTER WHICH OPENED IN OCTOBER 2001. THESE PROJECTS INCLUDE EXPENSES FOR CONSULTANT FEES, LEGAL FEES, EXECUTIVE DIRECTOR'S SALARY AND OTHER EMPLOYMENT COSTS RELATED THERETO, OFFICE EXPENSES, TELEPHONE EXPENSES, UTILITIES EXPENSES, INSURANCE, INVESTMENT FEES, AND VARIOUS OTHER MISCELLANEOUS EXPENSES.IN 2024, NORTHTOWN HOUSING DEVELOPMENT CORP RECEIVED $95,000 IN-KIND DONATION RELATED TO THE EXECUTIVE DIRECTOR SALARY OF $95,000. 20306 SENIOR AND YOUTH ACTIVITIES IN THE COMMUNITY OF NORTHTOWN, INCLUDING A CINCO DE MAYO CELEBRATION, SUMMER DAY CAMP WITH FIELD TRIPS FOR THE YOUTH OF THE COMMUNITY OF NORTHTOWN, AS WELL AS taco night AND OTHER HOLIDAY CELEBRATIONS, AFTER SCHOOL TUTORING, AFTER SCHOOL ACTIVITIES, CULTURAL AND RECREATIONAL ACTIVITIES, COMPUTER LITERACY CLASSES, HEALTHY COOKING CLASSES, and A CHRISTMAS TOY GIVE-AWAY CONDUCTED IN AND FOR THE BENEFIT OF THE SOCIAL WELFARE OF THE NORTHTOWN COMMUNITY. 1500 1500 COLLEGE SCHOLARSHIPS GRANTED TO three QUALIFYING GRADUATING HIGH SCHOOL STUDENT AWARDED DURING THE 2023/2024 SCHOOL YEARS. 865811 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false false false false false false false false true false false false false false true true true true false false true 4 0 true 16 false false false false false false false false 0 false false false false false false false X 3 3 false false false false false false false true true false true true true true true true true true true true true true CA X CAROL NORRIS 9094847140 10071 FERON BLVD RANCHO CUCAMONGA CA 91730 X CELIA PARTIDA BOARD MEMBER 1.00 1.50 X 0 0 0 SANTOS FUERTEZ Vice President 1.00 1.50 X X 0 0 0 CAROL NORRIS President 40.00 1.50 X X 0 0 0 JULIAN RINCON cfo & secretary 1.00 1.50 X X 0 0 0 0 false false false 0 1421913 39687 1461600 MISCELLANEOUS INCOME 531390 8999 8999 PARTNERSHIP MGMT FEE 531390 142168 142168 RENT-LOW INCOME HSG 531110 335145 335145 RESIDENT SERVICE FEES 531390 926857 926857 1413169 38662 38662 0 0 0 2397345 2420212 -22867 -22867 -22867 0 0 0 0 2890564 1413169 15795 0 1500 1500 0 0 0 0 667926 536224 131702 8949 8949 56428 56428 52777 42348 10429 0 14144 6416 7728 74581 74581 0 0 0 89292 89292 0 22813 22813 0 0 0 4601 4601 0 9063 9063 12203 12203 0 0 39609 13582 26027 REPAIRS AND MAINTENANCE 134759 110267 24492 Depreciation & Amortization 109068 75087 33981 UTILITIES 34450 7556 26894 TELEPHONE 30334 30334 146402 60628 85774 1508899 865811 643088 0 55397 90997 76713 73191 0 0 0 0 139610 176251 0 32030 32030 5504931 1151217 4422270 4353714 1512523 501073 0 388946 432743 16174 8657 2117539 3173856 8761202 8842512 59344 47407 1031083 1043556 704422 705588 1794849 1796551 X 6966353 7045961 6966353 7045961 8761202 8842512 X 1381665 -1302057 X false true X true false X 1535685 1736757 1569914 1448926 1461600 7752882 0 0 1535685 1736757 1569914 1448926 1461600 7752882 0 7752882 53237 32677 34050 42418 38662 201044 0 0 7953926 6020107 0.97470 0.97300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5373508 1036776 4336732 24785 24785 106638 89656 16982 4353714 PROGRAM RELATED REAL ESTATE AND DEV COST 3171656 REFUNDABLE DEPOSIT 2200 3173856 DEVELOPER FEE PAYABLE 40247 DUE TO LAS CASTITAS 35392 DUE TO NHLC 68513 DUE TO NTFC 223021 DUE TO NTTI 220873 DUE TO VDN LP 114267 RENT DEPOSITS 3275 705588 X Part X : FIN48 Footnote PART X,LINE 2: NORTHTOWN HOUSING DEVELOPMENT CORP. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMPARABLE STATE TAX CODE, AS CHARITABLE ORGANIZATIONS WHEREBY ONLY UNRELATED INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. BOTH ENTITIES FILE AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR FINANICAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. ANTHONY NORRIS SON 47591 EMPLOYMENT WAGES false Schedule L, Part V Supplemental Information EMPLOYMENT WAS APPROVED BY THE BOARD, WITH THE RELATED BOARD MEMBER REMOVED FROM THE VOTE. THE EMPLOYEE REPORTS DIRECTLY TO THE PROPERTY MANAGER, WHO IS SUPERVISED BY THE HOUSING PROJECT MANAGER. THE PROPERTY MANAGER AND THE HOUSING PROJECT MANAGER ARE UNRELATED EMPLOYEES. Form 990, Part VI, Section B, Line 11b FORM 990 WAS PROVIDED TO THE VICE PRESIDENT AND THE ENTIRE BOARD AND WAS REVIEWED BY THEM PRIOR TO FINALIZING THE RETURN. Form 990, Part VI, Section B, Line 12c THE BOARD ADDRESSES THE ISSUE OF CONFLICTS OF INTEREST AT LEAST ONCE PER YEAR. Form 990, Part VI, Section B, Line 15b THE BOARD OF DIRECTORS WILL HOLD A SEPARATE MEETING DURING THE ANNUAL BUDGET REVIEW PROCESS TO REVIEW THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND DOCUMENT THE DECISION IN THE MINUTES. THE BOARD WILL ALSO HANDLE THE COMPENSATION DECISIONS REGARDING OTHER OFFICERS, KEY EMPLOYEES IN THE SAME WAY. THE BOARD REVIEWS THE COMPENSATION FOR THE FOLLOWING POSITIONS: BUILDING MAINTENANCE, ASSET MANAGER, ADMINISTRATIVE ASSISTANT, SOCIAL SERVICE DIRECTOR, 4 EMPLOYEES WHO HOLD THE POSITIONS OF PROGRAM SPECIALIST, 2 EMPLOYEES WHO HOLD THE POSITIONS OF RESIDENT SERVICES COORDINATOR AND A COMPUTER INSTRUCTOR AND HOUSING PROJECT MANAGER. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AND PROVIDES THEM TO THE PUBLIC WHEN REQUESTED. Form 990, Part XI, Line 9 ADJUST TO CORRECT CAPITAL = $77771 Form 990, Part XI, Line 9 RCRDA PMTS MADE ON BEHALF OF THE ORGANIZATION, SEE SCH O = -$1400000 Form 990, Part XI, Line 9 UNREALIZED LOSS ON INVESTMENTS = $20172 CHANGE IN FUND BALANCE THE RETURN HAS GAAP/TAX DIFFERENCES FOR THE FOLLOWING ITEMS:1) THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY (RCRDA) MAKES LOAN PAYMENTS ON BEHALF OF THE ORGANIZATION IN THE AMOUNT OF 1,400,000 ANNUALLY, HOWEVER, THEY ARE NOT INCLUDED IN THE FINANCIAL AUDIT SINCE THE PAYMENTS ARE NOT MADE DIRECTLY TO THE ORGANIZATION.2) UNREALIZED GAINS AND LOSSES ARE REVERSED FOR TAX PURPOSES. 3) ADJUSTMENT TO REFLECT CORRECT FUND BALANCE - BOOK/TAX DIFFERENCE DUE TO PRIOR YEAR TAX RETURN USING THE UNAUDITED BALANCES. THESE THREE TAX/GAAP DIFFERENCES RESULT IN AN ADJUSTMENT TO CORRECT FUND BALANCE AS FOLLOWS:BEGINNING FUND BALANCE $6,966,353.CURRENT YEAR NET INCOME 1,381,665.PAYMENTS MADE ON BEHALF OF THE ORGANIZATION BY THE RCRDA (1,400,000).BOOK UNREALIZED LOSS ON INVESTMENTS 22,172.ADJUSTMENT TO REFLECT CORRECT FUND BALANCE 77,771.ENDING FUND BALANCE $7,045,961. 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