2026-01-30T09:41:58-06:00 2025-08-31 582487348 APRIO ADVISORY GROUP LLC 2185 N CALIFORNIA BLVD SUITE 350 WALNUT CREEK CA 94596 990 2024-09-01 942687767 SAVO ISLAND COOPERATIVE HOMES INC SAVO 5106470700 1835 ALCATRAZ AVENUE BERKELEY CA 94703 HOREA MUSSA-SAID PRESIDENT 5106470700 2026-01-23 1 1 JAMES W GODBEE JR P00346450 9252102180 2026-01-15 2024 2025-03-06 01:10:19Z HOREA MUSSA-SAID 1835 ALCATRAZ AVENUE BERKELEY CA 94703 1802550 0 X N/A X 1978 CA TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS 11 11 0 0 0 0 1027609 1077075 457652 617599 172153 107876 0 0 1657414 1802550 0 0 0 0 313004 191324 0 0 0 1132495 1242362 1445499 1433686 211915 368864 9210699 10156033 6360446 6947234 2850253 3208799 TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS 0 0 1331347 617599 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. 1331347 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 CA X SAHA PROPERTY MANAGEMENT INC 5106470700 1835 ALCATRAZ AVENUE BERKELEY CA 94703 X HOREA MUSSA-SAID PRESIDENT 1.00 X X 0 0 0 ALEZANDREA BROOKS VICE PRESIDENT 1.00 X X 0 0 0 SANDRA HENNEMAN SECRETARY 1.00 X X 0 0 0 JOEL RUBENZAHL TREASURER 1.00 X X 0 0 0 ZEWDI BERHE VICE TREASURER 1.00 X X 0 0 0 MARY ELIASAR DIRECTOR 1.00 X 0 0 0 JANE STILLWATER DIRECTOR 1.00 X 0 0 0 KEITH BELL DIRECTOR 1.00 X 0 0 0 STACY BELL DIRECTOR 1.00 X 0 0 0 CAROLE NORRIS DIRECTOR 1.00 X 0 0 0 AHMED HAROUN DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1077075 1077075 TENANT RENTS 531110 613143 613143 MISCELLANEOUS REVENUE 531110 3506 3506 TENANT CHARGES 531110 950 950 617599 107876 107876 1802550 617599 0 107876 152408 152408 5111 5111 22127 22127 11678 11678 55404 55404 21073 21073 23850 23850 11685 11685 7 7 18649 18649 12083 12083 773677 773677 795 795 3644 2244 1400 190732 190732 BAD DEBT EXPENSE 45712 45712 MISCELLANEOUS EXPENSES 31550 31550 MORTGAGE INSURANCE PREM 25810 25810 ASSET MANAGEMENT FEE 10000 10000 17691 17691 1433686 1331347 102339 0 24446 63177 3990309 2904076 30001 31976 67843 79592 10884473 6048887 4946264 4835586 151836 2241626 9210699 10156033 245767 966337 9764 2590 6093248 5966640 11667 11667 6360446 6947234 X 2850253 3208799 2850253 3208799 9210699 10156033 X 368864 -10318 X 0 1 X 1 1 1 X 755769 760178 725969 1027609 1077075 4346600 755769 760178 725969 1027609 1077075 4346600 4346600 1160 451 11756 172153 107876 293396 59 2900675 2900734 7540730 2613778 0.57640 0.56710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250176 250176 10127155 5585662 4541493 507142 463225 43917 4835586 CONSTRUCTION IN PROGRESS 2241626 2241626 ASSET MANAGEMENT FEE PAYABLE 11667 11667 X 2758441 955891 955891 1802550 0 1802550 1433686 0 1433686 0 1433686 PART X, LINE 2: 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, 2024, 2023, 2022 AND 2021 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 2D - OTHER ADJUSTMENTS: TRANSFERS FROM PAID-IN-SURPLUS 955,891. FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - 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 LINE 6 EXPLANATION - 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 7A LINE 7A EXPLANATION - THE DIRECTORS OF THE CORPORATION ARE SELECTED BY A VOTE OF THE MEMBERSHIP AT ANNUAL MEETINGS. THE CANDIDATES RECEIVING THE HIGHEST NUMBER OF VOTES UP TO THE NUMBER OF DIRECTORS TO BE ELECTED SHALL BE DEEMED ELECTED. FORM 990, PART VI, SECTION A, LINE 8B LINE 8 EXPLANATION - THERE ARE NO SUBCOMMITTES OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - 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 -10,318.