2025-05-26T13:44:03-05:00 2024-12-31 203557677 KELLER AND ASSOCIATES LLP 18645 SHERMAN WAY SUITE 110 RESEDA CA 91335 990 2024-01-01 954345495 1010 DEVELOPMENT CORPORATION 1010 2137490214 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 ROBERT BUENTE PRES. AND CEO 2137490214 2025-05-26 1 0 DAVID KELLER P00227750 8183833079 X 2024 2025-03-06 01:10:19Z ROBERT M BUENTE 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 397643 0 X WWW.1010DEV.ORG X 1991 CA TO PRESERVE, CONSTRUCT AND MANAGE QUALITY SERVICE-ENRICHED AFFORDABLE HOUSING, AS WELL AS ENGAGE IN OVERALL COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES. 5 4 1 0 0 0 378 1183 159412 192482 0 0 -134418 -85672 25372 107993 0 0 0 0 353457 275279 0 0 0 177857 147684 531314 422963 -505942 -314970 9553367 9254294 8567972 8583869 985395 670425 TO PRESERVE, CONSTRUCT AND MANAGE QUALITY SERVICE-ENRICHED AFFORDABLE HOUSING, AS WELL AS ENGAGE IN OVERALL COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES. 0 0 381394 193665 MANAGEMENT OF MULTIPLE SENIOR AND AFFORDABLE HOUSING PROJECTS IN DOWNTOWN LOS ANGELES. PROVIDING FINANCIAL, ACCOUNTING AND BOOKKEEPING SERVICES AND ASSISTANCE TO CHURCHES, LOW-INCOME HOUSING OWNERS, LIMITED PARTNERSHIPS AND NOT-FOR-PROFIT ORGANIZATIONS. 381394 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X M LACZA 2137490214 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 MATT GOULET BOARD CHAIR 1.00 X X 0 0 0 CARRIE GILLIS TREASURER & CFO 1.00 X X 0 0 0 JENNIFER GUTIERREZ CORPORATE SECRETARY 1.00 X X 0 0 0 VIVIAN VILLAVERDE BOARD MEMBER 1.00 X 0 0 0 BOB BUENTE PRESIDENT & CEO 35.00 X X X 150000 0 0 150000 0 0 1 0 0 0 0 1183 1183 PARTNERSHIP MANAGEMENT 531390 83740 83740 DEVELOPER FEES 531390 71164 71164 PROPERTY MANAGEMENT FE 531390 37578 37578 192482 203978 289650 -85672 -85672 -85672 107993 106810 0 0 150000 132000 18000 75000 66000 9000 6750 5940 810 22920 20170 2750 20609 18136 2473 6161 5702 459 6000 5000 1000 913 913 2326 2047 279 16706 16706 3680 3680 RENTAL EXPENSES 55362 55362 PROJECT EXPENSES 32208 28344 3864 PROFESSIONAL DEVELOPMEN 12276 10892 1384 TELEPHONE 7685 6761 924 4367 7421 -3054 422963 381394 41569 0 1024461 623318 227284 249624 595936 714209 2996111 2996111 354 5556611 1686249 3960718 3870362 740295 780133 11621 8562 8562 9553367 9254294 152329 62616 4138 4878 293119 292278 8118386 8224097 8567972 8583869 X 985395 670425 985395 670425 9553367 9254294 -314970 0 X 0 1 X 1 0 X 4619 326336 1873565 378 1183 2206081 332741 429283 345945 368577 440567 1917113 337360 755619 2219510 368955 441750 4123194 0 0 0 4123194 891 261 489 1641 891 261 489 1641 337360 756510 2219510 369216 442239 4124835 0.99960 0.99970 0.00040 0.00030 X 1192920 1192920 3512244 718889 1575773 2655360 6796 125762 110476 22082 3870362 INVESTMENT IN JW APARTMENTS, L.P. 77406 C INVESTMENT IN OL HOPE, L.P. 190381 C INVESTMENT IN PICO NEW HAMPSHIRE UNITED METHODIST HOUSING, L.P. 36001 C INVESTMENT IN SAN PEDRO 476345 C 780133 ACCRUED CALIFORNIA FRANCHISES TAXES PAYABLE 800 ACCRUED INTEREST PAYABLE 750143 ACCRUED PARTNERSHIP MANAGEMENT FEES 196750 ACCRUED PRIORITY DISTRIBUTION 39360 DUE TO 1010 DEVELOPMENT CORPORATION 309644 NOTES PAYABLE, NONCURRENT 6906240 SECURITY DEPOSIT 21160 8224097 442239 334246 334246 107993 0 107993 757209 334246 334246 422963 0 422963 PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE RENTAL ACTIVITIES OF 4051 SOUTH CENTRAL AVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE RENTAL ACTIVITIES OF 4051 SOUTH CENTRAL AVENUE X X X X X X 0 0 0 0 0 0 0 0 0 BOB BUENTE PRESIDENT & CEO FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. A DETAILED REVIEW IS CONDUCTED BY THE PRESIDENT, VICE PRESIDENT, CFO AND COO. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED ANNUALLY BY EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY AND BENEFITS OF THE PRESIDENT/CEO SHALL BE DETERMINED BY THE BOARD OF DIRECTORS OR THEIR EXECUTIVE COMMITTEE. THE RESPONSIBLE BODY MAY SEEK A RECOMMENDATION FROM THE FINANCE COMMITTEE AS NEEDED. AS STATED IN THE EMPLOYEE HANDBOOK, IT IS THE POLICY OF THE ORGANIZATION TO PAY COMPETITIVE SALARIES AND EMPLOYEE BENEFITS TO ALL STAFF. FOR ALL EMPLOYEES EXCEPT THE PRESIDENT/CEO, THE PRESIDENT/CEO SHALL DETERMINE THE SALARY, BASED UPON HIS OR HER INVESTIGATION OF COMPETITIVE SALARIES FOR THE POSITION AND NEGOTIATION WITH THE EMPLOYEE INVOLVED. ALL SALARIES ARE SUBJECT TO REVIEW BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS WHEN BUDGETS ARE DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THEY ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS. THE ORGANIZATION HAS APPROVED THE FOLLOWING POLICIES PRIOR TO THE SUBMISSION OF THIS TAX RETURN: 1. CONFLICT OF INTEREST POLICY 2. WHISTLEBLOWER POLICY 3. DOCUMENT RETENTION AND DESTRUCTION POLICY 4. COMPENSATION REVIEW AND APPROVAL POLICY 1010 6TH AND HOPE LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 842949579 MANAGEMENT OF AFFORDABLE HOUSING CA 0 0 N/A 1010 CAV LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 870774463 MANAGEMENT OF AFFORDABLE HOUSING CA -9 -288020 N/A 1010CASA CARMEN LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 320399250 MANAGEMENT OF AFFORDABLE HOUSING CA 0 0 N/A 1010CASA SHALOM LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 991864187 MANAGEMENT OF AFFORDABLE HOUSING CA 0 0 N/A 1010 DEVCAV LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 991895015 MANAGEMENT OF AFFORDABLE HOUSING CA 0 0 N/A 1010HOPE VILLAGE LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 833377039 MANAGEMENT OF AFFORDABLE HOUSING CA 0 0 N/A 1010JW LLC 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 991921904 MANAGEMENT OF AFFORDABLE HOUSING CA 0 0 N/A FIRST UNITED METHODIST CHURCH PO BOX 132 SOUTH PASADENA CA 91031 CHURCH CA 501(C)(3) LINE 1 N/A 0 JW APARTMENTS LP 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 200331130 AFFORDABLE HOUSING CA N/A RELATED -22 77406 0 1 0.00010 OL HOPE LIMITED PARTNERSHIP 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 951736778 AFFORDABLE HOUSING CA N/A RELATED -768 190381 0 1 0.00100 PICO NEW HAMPSHIRE UNITED METHODIST HOUSING LP 1001 SOUTH HOPE STREET 1ST FLOOR LOS ANGELES CA 90015 721571576 AFFORDABLE HOUSING CA N/A RELATED -11 36001 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0