2025-11-14T14:48:45-06:00 2024-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2024-01-01 912198760 ALTA HOUSING (FKA PALO ALTO HOUSING CORPORATION) ALTA 6503219709 3460 W BAYSHORE ROAD 104 PALO ALTO CA 94303 RANDAL TSUDA PRESIDENT & CEO 6503219709 2025-11-12 1 0 SHERMAN LEONG P00513747 4159579999 2024 2025-03-06 01:10:19Z RANDAL TSUDA 3460 W BAYSHORE ROAD 104 PALO ALTO CA 94303 7248169 0 X HTTPS://ALTAHOUSING.ORG/ X 2004 CA FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE, OPERATE LOW AND MODERATE INCOME HOUSING IN PALO ALTO, CA. 15 15 0 15 0 0 4336340 3717000 2042258 1859425 816082 1671744 0 0 7194680 7248169 0 0 0 0 2616844 2864034 0 0 0 2093403 2679873 4710247 5543907 2484433 1704262 63293834 69114315 18125233 21906552 45168601 47207763 X TO FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND OPERATE LOW AND MODERATE-INCOME HOUSING IN PALO ALTO, CA. INCLUDES ACTIVITY OF ALTA HOUSING BMR SERVICES LLC (LIMITED LIABILITY COMPANY), A DISREGARDED ENTITY WHICH PROVIDES CONSULTING SERVICES FOR THE BENEFIT OF LOW-INCOME HOUSING INDIVIDUALS. 0 0 4548310 1404673 FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND OPERATE LOW- AND MODERATE-INCOME HOUSING FOR INDIVIDUALS AND FAMILIES IN PALO ALTO, CA. 356609 454752 CONSULTING SERVICES FOR LOW INCOME HOUSING PROGRAMS. 4904919 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 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 1 0 0 1 X 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X THE ORGANIZATION 6503219709 3460 W BAYSHORE ROAD 104 PALO ALTO CA 94303 JACK THOMPSON CHAIR 1.00 X X 0 0 0 TOM MYERS VICE CHAIR 1.00 X X 0 0 0 JEAN MCCOWN DIRECTOR - FORMER CHAIR 1.00 X 0 0 0 LORI SAITO TREASURER 1.00 X X 0 0 0 BONNIE PACKER SECRETARY 1.00 X X 0 0 0 JOSEPH MARTIGNETTI JR VICE CHAIR 1.00 X X 0 0 0 MARGARET SLOAN DIRECTOR 1.00 X 0 0 0 KAREN ROUTT DIRECTOR 1.00 X 0 0 0 ELIZABETH RATNER DIRECTOR 1.00 X 0 0 0 MAYA PERKINS DIRECTOR 1.00 X 0 0 0 RONALD HALL DIRECTOR 1.00 X 0 0 0 OLYA KRASNYKH DIRECTOR 1.00 X 0 0 0 JUAN MENDEZ DIRECTOR 1.00 X 0 0 0 MELISSA SCHILD DIRECTOR 1.00 X 0 0 0 JANICE YUEN DIRECTOR 1.00 X 0 0 0 RANDAL TSUDA PRESIDENT & CEO 4.00 36.00 X 0 296894 65172 MARC GARCIA CFO 4.00 36.00 X 0 214486 51829 SHERYL KLEIN COO 4.00 36.00 X 0 226948 13617 SERENA CHUNG CHIEF PEOPLE OFFICER 4.00 36.00 X 0 144242 29420 0 882570 160038 0 0 1 0 0 3717000 3717000 RENTAL INCOME 541610 1085150 1085150 CONSULTING FEES 541610 421851 421851 DEVELOPER FEES 541610 187500 187500 OTHER INCOME 541610 133667 133667 INCOME FROM PTRSHIP. 541610 31257 31257 1859425 1671744 1671744 7248169 1859425 0 1671744 2231256 1896568 334688 479339 407438 71901 153439 130423 23016 69299 58904 10395 3875 3294 581 74681 63479 11202 60908 51772 9136 8843 7517 1326 57429 48815 8614 157136 133566 23570 116427 98963 17464 11842 10066 1776 111729 94970 16759 65787 55919 9868 GROUND LEASE 710550 710550 0 OTHER PROGRAM COSTS 573419 573419 0 ADMINISTRATIVE EXPENSE 180682 153580 27102 OPERATING & MAINTENANCE 155873 132492 23381 321393 273184 48209 5543907 4904919 638988 0 8266482 6693792 2156004 2186270 67488 165914 19527 11967 1551510 2438335 607202 33472 21695707 1462917 20128035 20232790 14305766 16028106 164223 175277 16027597 21148392 63293834 69114315 -26574 -1932 7036 4 11272890 11278905 6871881 10629575 18125233 21906552 X 45168601 47207763 45168601 47207763 63293834 69114315 1704262 334900 0 X X 0 1 X 1 0 X X 1 PAHC PROPERTIES CORPORATION 237050326 10 1 4904919 0 1 4904919 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18591463 18591463 2505142 1065437 1439705 599102 397480 201622 20232790 INVESTMENTS 15502404 F REPLACEMENT RESERVES 525702 F 16028106 RELATED-PARTY RECEIVABLE 9490391 TENANT SECURITY DEPOSITS 90381 CONSTRUCTION IN PROGRESS 6252167 RIGHT-OF-USE ASSET OPERATING LEASE 4788640 OTHER RESERVE 526813 21148392 TENANT SECURITY DEPOSITS 114619 RELATED-PARTY PAYABLE 422502 OPERATING LEASE LIABILITY 10092454 10629575 X PART X, LINE 2: ALTA HOUSING (FKA PALO ALTO HOUSING CORPORATION) AND SUBSIDIARIES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. ALTA HOUSING (FKA PALO ALTO HOUSING CORPORATION) AND SUBSIDIARIES' FEDERAL AND STATE INCOME TAX AND INFORMATION RETURNS FOR THE FISCAL YEARS ENDED 2020 THROUGH 2023 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. 0 0 0 0 0 0 0 0 0 RANDAL TSUDA PRESIDENT & CEO 0 269894 0 27000 0 0 0 17814 0 47358 0 362066 0 0 MARC GARCIA CFO 0 207443 0 7043 0 0 0 12869 0 38960 0 266315 0 0 SHERYL KLEIN COO 0 226948 0 0 0 0 0 13617 0 0 0 240565 0 0 SERENA CHUNG CHIEF PEOPLE OFFICER 0 141158 0 3084 0 0 0 8654 0 20766 0 173662 0 0 PART I, LINE 3 RELATED ORGANIZATION'S OFFICERS COMPENSATION IS DETERMINED BY THE BOARD. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS REQUIRED. FORM 990, PART V, LINE 2A & 2B: ALL EMPLOYEES ARE PAID BY THE ALTA HOUSING MANAGEMENT AND SERVICES CORPORATION, AND ALL PAYROLL-RELATED FILINGS ARE PROCESSED BY THAT CORPORATION. THE REIMBURSEMENT FOR THE COST OF STAFF FOR SERVICES RENDERED FOR ALTA HOUSING (FKA PALO ALTO HOUSING CORPORATION) IS REFLECTED AS OTHER SALARIES AND WAGES ON THE STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, PART VI, SECTION B, LINE 11B THE STAFF AND PRESIDENT & CEO REVIEWS BEFORE FILING. THE TAX RETURN IS ALSO DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DISCOURAGES EMPLOYEES FROM HAVING ANY CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL FOR CONFLICT, EMPLOYEES DISCUSS THE SITUATION WITH THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE KEPT IN THE ADMINISTRATIVE OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEARS. 1020 UNDERGROUND LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 113 50113 ALTA HOUSING 2821 ECR LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 3266 -40645 ALTA HOUSING 950 ECR LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 28412 242663 ALTA HOUSING AH 1818 ERC LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 0 0 ALTA HOUSING AH 2320 ECR LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 0 6698696 ALTA HOUSING AH 2801 ECR LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 259 9809 ALTA HOUSING AH BESPOKE LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 263 10263 ALTA HOUSING AH LOT 12 LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 0 0 ALTA HOUSING ALTA HOUSING BMR SERVICES LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 912198771 LOW INCOME HOUSING CA 456305 251843 ALTA HOUSING CALIFORNIA PARK LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 1127606 7558324 ALTA HOUSING EL CAMINO PROPERTY LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 1372 559712 ALTA HOUSING TERRA BELLA I LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 11406 10992817 ALTA HOUSING TERRA BELLA II LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 LOW INCOME HOUSING CA 3126 8699109 ALTA HOUSING ARASTRADERO PARK APARTMENTS CORPORATION 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 770376230 TO PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 7 ALTA HOUSING 0 COLORADO PARK HOUSING CORPORATION 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 942159989 TO PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 ALTA HOUSING 0 PAHC ALMA PLACE INC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 943246161 GP OF AFFORDABLE HOUSING PARTNERSHIP CA 501(C)(3) LINE 12A, I ALTA HOUSING 0 PAHC APARTMENTS INC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 770267448 TO PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 ALTA HOUSING 0 PAHC CALIFORNIA PARK CORPORATION 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 770204476 GP OF AFFORDABLE HOUSING PARTNERSHIP CA 501(C)(3) LINE 12A, I ALTA HOUSING 0 ALTA HOUSING MANAGEMENT AND SERVICES CORPORATION 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 912198765 HOUSING MANAGEMENT SERVICES CA 501(C)(3) LINE 12B, II ALTA HOUSING 0 PAHC PROPERTIES CORPORATION 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 237050326 TO PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 ALTA HOUSING 0 PAHC SHERIDAN APARTMENTS INC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 770480421 GP OF AFFORDABLE HOUSING PARTNERSHIP CA 501(C)(3) LINE 12A, I ALTA HOUSING 0 1701 ECR LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 812712896 AFFORDABLE RENTAL HOUSING CA EL CAMINO PROPERTY LLC RELATED -60 2170915 0 1 0.00010 2821 EL CAMINO REAL LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 831015906 AFFORDABLE RENTAL HOUSING CA 2821 ECR LLC RELATED 28016 539482 0 1 0.00010 950 EL CAMINO REAL LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 834205173 AFFORDABLE RENTAL HOUSING CA 950 ECR LLC RELATED 27138 4415989 0 1 0.00010 AH 2320 ECR LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 993666390 AFFORDABLE RENTAL HOUSING CA AH 2320 ECR LLC & ALTA HOUSING RELATED 0 1 0.99000 AH 2801 ECR LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 873966582 AFFORDABLE RENTAL HOUSING CA AH 2801 ECR LLC & ALTA HOUSING RELATED 0 1 0.99000 AH BESPOKE LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 992573760 AFFORDABLE RENTAL HOUSING CA AH BESPOKE LLC & ALTA HOUSING RELATED 0 1 0.99000 ALMA PLACE ASSOCIATES 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 943246165 AFFORDABLE RENTAL HOUSING CA PAHC ALMA PLACE INC & PAHC APARTMENTS INC RELATED 0 0 ARASTRADERO PARK LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 471125314 AFFORDABLE RENTAL HOUSING CA ARASTRADERO PARK APARTMENTS CORP & ALTA HOUSING RELATED 0 0 0.01000 COLORADO PARK LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 471125177 AFFORDABLE RENTAL HOUSING CA COLORADO PARK HOUSING CORP RELATED 0 0 OAK COURT APARTMENTS LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 770582584 AFFORDABLE RENTAL HOUSING CA PAHC PARTNERS LLC & PAHC SHERIDAN APARTMENTS INC RELATED 0 0 SHERIDAN APTS AFFORDABLE HOUSING LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 770480422 AFFORDABLE RENTAL HOUSING CA PAHC APARTMENTS INC & PAHC SHERIDAN APARTMENTS INC RELATED 0 0 TERRA BELLA I LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 820855221 AFFORDABLE RENTAL HOUSING CA TERRA BELLA I LLC RELATED -800 114368 0 1 0.99000 TERRA BELLA II LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 932432174 AFFORDABLE RENTAL HOUSING CA TERRA BELLA II LLC & ALTA HOUSING RELATED 0 1 0.99000 TREE HOUSE APARTMENTS LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 244227160 AFFORDABLE RENTAL HOUSING CA PAHC CALIFORNIA PARK CORP RELATED 0 0 WEBSTER WOOD APARTMENTS LLC 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 942478025 AFFORDABLE RENTAL HOUSING CA PAHC APARTMENTS INC & PAHC PROPERTIES CORP RELATED 0 0 WILTON ECR LP 3460 W BAYSHORE ROAD STE 104 PALO ALTO CA 94303 843077862 AFFORDABLE RENTAL HOUSING CA WILTON COURT LLC RELATED 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 1 1 PAHC PROPERTIES CORP C 101079 FMV - ARMS LENGTH PAHC APARTMENTS INC C 3015921 FMV - ARMS LENGTH PAHC SHERIDAN APARTMENTS INC C 115000 FMV - ARMS LENGTH COLORADO PARK HOUSING CORP C 240000 FMV - ARMS LENGTH WILTON COURT LLC (SOLE MBR PAHC PROPERTIES CORP) C 105000 FMV - ARMS LENGTH TERRA BELLA I LP R 100000 FMV - ARMS LENGTH AH 2801 ECR LP R 100000 FMV - ARMS LENGTH AH 2320 ECR LP R 200000 FMV - ARMS LENGTH AH BESPOKE LP R 150000 FMV - ARMS LENGTH