2024-04-03T17:10:45-05:00 2023-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2022-07-01 550830072 BAY AREA HOUSING CORPORATION BAYA 4084387392 101 CHURCH ST STE 4 LOS GATOS CA 95030 CAROL TURNER CFO 4084387392 2024-03-13 1 CAROL TURNER 999009999 1 MATTHEW PETROSKI P00853132 4082006400 2024-03-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAROL TURNER 101 CHURCH ST STE 4 LOS GATOS CA 95030 9090778 0 X N/A X 2003 CA PROVIDE HOUSING OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES & LOW INCOME POPULATIONS. 8 8 6 2 0 0 1170635 1614679 7258217 7342845 -1235556 17618 30675 1285 7223971 8976427 0 0 0 0 758149 942089 28800 36800 229950 4187639 4271176 4974588 5250065 2249383 3726362 68029356 68878679 23175053 20298014 44854303 48580665 X THE PRIMARY PURPOSE OF THIS CORPORATION IS TO PROVIDE AND MAINTAIN HOUSING OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES AND LOW INCOME POPULATIONS. 0 0 4234877 7377411 PROPERTY MANAGEMENT - IN COOPERATION WITH THE DEPARTMENT OF DEVELOPMENTAL SERVICES, SAN ANDREAS REGIONAL CENTER ("SARC") AND GOLDEN GATE REGIONAL CENTER ("GGRC"), THE ORGANIZATION HAS DEVELOPED A WELLRESPECTED HOUSING ORGANIZATION WITH A FINANCIALLY SUSTAINABLE PORTFOLIO.BAHC CURRENTLY OWNS 50 SCATTERED SITE, SINGLE FAMILY HOMES IN THE BAY AREA. HOMES WILL PROVIDE PERMENANT HOUSING OPPORTUNITIES FOR A VULNERABLE AND OFTEN INVISIBLE PART OF OUR COMMUNITY. CURRENT CAPACITY PROVIDES SPECIALIZED HOUSING FOR UP TO 200 INDIVIDUALS AT ANY ONE TIME. OVER THE YEARS, BAHC'S HOMES HAVE BEEN A SAFE, SUPPORTIVE HOME FOR AN ESTIMATED 400 PEOPLE, AND WILL CONTINUE TO BE A COMMUNITY RESOURCE INTO THE FUTURE.CASA MILAGRO - IN 2007, THE ORGANIZATION FORMED A LIMITED LIABILITY COMPANY, CASA MILAGRO, LLC. THIS LLC HOLDS THE 32 HOMES ACQUIRED UNDER THE BAY AREA HOUSING PLAN, BETWEEN 2003 AND 2011. THESE PROPERTIES WERE REFINANCED WITH A 15 YEAR BOND ISSUED IN 2011.MAS MILAGROS - IN 2010, THE ORGANIZATION FORMED ANOTHER LIMITED LIABILITY COMPANY, MAS MILAGROS, LLC. THIS LLC HOLDS 4 PROPERTIES, ACQUIRED BETWEEN 2011 AND 2015. THESE PROPERTIES HAVE "FORGIVABLE" LOANS FROM CITY AND COUNTY OF SANTA CLARA, AND ARE ENCUMBERED BY RESTRICTIVE COVENANTS. INTEREST IS ACCRUED ANNUALLY, HOWEVER NO PAYMENTS ARE MADE AND LOANS WILL BE FORGIVEN OVER TIME.CPP PROPERTIES - CPP HOLDS 14 PROPERTIES ACQUIRED UNDER THE COMMUNITY PLACEMENT PLAN ("CPP"), BETWEEN 2016 AND 2023. THESE PROPERTIES WERE FINANCED WITH A COMBINATION OF GRANTS FROM THE STATE OF CALIFORNIA AND COMMERCIAL LOANS. IN FISCAL 2022-23, THE ORGANIZATION ADDED ONE HOME TO THE CPP PORTFOLIO. RENOVATIONS ARE ONGOING AT YEAR END. BAHC IS ACTIVELY WORKING ON CONTRACTS TO ACQUIRE AND RENOVATE TWO ADDITIONAL CPP HOMES IN THE NEXT YEAR. 423086 2403 PROJECT DEVELOPMENT - BAHC IS ACTIVE IN SEEKING NEW PROPERTIES TO ADD TO ITS PORTFOLIO TO EXPAND ITS MISSION IN PROVIDING SPECIAL NEEDS HOUSING FOR THOSE WITH DEVELOPMENTAL DISABILITIES. BAHC IS ACTIVE IN SECURING CONTRACTS TO UTILIZE ITS EXPERTISE IN PROJECT DEVELOPMENT AND MANAGEMENT. 4657963 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 13 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X LYNN MYERS BOOKKEEPING SERVICE 8316882919 9055 SOQUEL DRIVE SUITE H APTOS CA 95003 JOHN GUNDERSEN BOARD CHAIR 0.30 X X 0 0 0 KATHY ROBINSON SECRETARY 0.30 X X 0 0 0 TED MOORHEAD AUDIT COMMITTEE CHAIR 0.30 X 0 0 0 CLARE MCDERMOTT DIRECTOR 0.30 X 0 0 0 UDAY KAPOOR DIRECTOR 0.30 X 0 0 0 NOEL KREIDLER DIRECTOR (THRU 04/23) 0.30 X 0 0 0 JEFF DARLING DIRECTOR 0.30 X 0 0 0 KATHY HEBERT DIRECTOR 0.30 X 0 0 0 KAREN COTTLE DIRECTOR 0.30 X 0 0 0 KRIS MCCANN PRESIDENT OF BOARD/ED 40.00 1.00 X 211866 0 16190 CAROL TURNER CFO 40.00 1.00 X 147208 0 9384 359074 0 25574 2 0 1 0 QUIROZ CONSTRUCTION INC 105 N 27TH AVE SAN JOSE CA 95116 GENERAL CONTRACTOR 550021 CARRILLO LANDSCAPE & MAINTENANCE 1426 SANBORN AVE SAN JOSE CA 95110 LANDSCAPING 191046 IQ CONSTRUCTION 926 N 1ST STREET SAN JOSE CA 95112 GENERAL CONTRACTOR 172800 3 77600 1420769 116310 64331 1614679 PROGRAM RENTAL INCOME 531110 5858309 5858309 PROPERTY MANAGMENT 531310 1481980 1481980 PREDEVELOPMENT FD INT. 525990 2403 2403 TENANT SERVICE FEE 531390 153 153 7342845 17618 17618 78667 77600 114351 -35684 -35684 MISCELLANEOUS 900099 30169 30169 REIMBURSED PAYMENT 531110 6800 6800 36969 8976427 7379814 0 -18066 395062 255985 104004 35073 442151 277637 57683 106831 10552 6572 1472 2508 34887 22053 5776 7058 59437 37861 11376 10200 85685 85685 36800 36800 51185 51185 38899 24780 7445 6674 1373699 1360362 7913 5424 15623 9952 2990 2681 1413884 1413884 1111702 1111702 172502 137175 18626 16701 STATE TAXES AND LLC FEE 7600 7600 MISCELLANEOUS EXPENSES 397 397 5250065 4657963 362152 229950 2088164 1690442 9747 39747 394260 373424 88091 44820 45089 63954 73016905 12943757 58765927 60073148 6638078 6593144 68029356 68878679 240226 43917 389578 440249 9107007 6693177 9545151 10113713 3893091 3006958 23175053 20298014 X 38409067 41482747 6445236 7097918 44854303 48580665 68029356 68878679 3726362 0 X 0 1 X 1 0 X 2241065 1066622 1018358 1170635 1614679 7111359 7256289 6869579 7051369 7265017 7379814 35822068 9497354 7936201 8069727 8435652 8994493 42933427 7700 4000 7814 16000 38900 74414 4975165 5165619 5280980 5178461 5144876 25745101 4982865 5169619 5288794 5194461 5183776 25819515 17113912 1191 1064 1076 967 17618 21916 1191 1064 1076 967 17618 21916 39908 39908 9498545 7937265 8070803 8476527 9012111 42995251 0.39800 0.38520 0.00050 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26497554 26497554 43912852 12617575 31295277 2606499 326182 2280317 60073148 RESTRICTED DEPOSITS FOR HOUSING PREDEVELOPMENT FUND 208656 SURPLUS FUNDS RESERVE 748998 REPLACEMENT RESERVE 1355380 DEBT SERVICE RESERVE 4280110 6593144 ACCRUED INTEREST 485481 TAXABLE BOND LIABILITY 2521477 3006958 X 8976427 0 8976427 0 8976427 5250065 0 5250065 0 5250065 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS AND ITS STATE LIMITED LIABILITY COMPANY TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS FOR THE PREVIOUS 3 YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR THE PREVIOUS 4 YEARS REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. X X X 1 JENNIFER BYRAM 101 CHURCH ST STE 4 LOS GATOS CA 95030 GRANT WRITING 0 1413269 36800 1376469 1413269 36800 1376469 CA BOCCE 156267 77600 78667 13250 64331 8000 14166 14604 156267 77600 78667 13250 64331 8000 14166 14604 114351 -35684 X 0 0 0 0 0 0 0 1 0 KRIS MCCANN PRESIDENT OF BOARD/ED 171866 0 40000 0 0 0 5156 0 11034 0 228056 0 0 0 CAROL TURNER CFO 107208 0 40000 0 0 0 3216 0 6168 0 156592 0 0 0 PART I, LINE 3 THE BOARD APPOINTS A COMMITTEE, CONSISTING OF TWO OR MORE DIRECTORS, THAT OBTAINS THE AUTHORITY TO APPROVE THE COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ANY COMMITTEE. PART I, LINE 7 BONUSES GIVEN TO THE PRESIDENT OF THE BOARD AND CFO ARE DISCRETIONARY. THE BOARD OF DIRECTORS DETERMINED THE BONUS POOL AMOUNT AS WELL AS THE DISTRIBUTION TO EACH EMPLOYEE. A CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 521643828 13033LLD7 2011-02-01 30786202 REFINANCE INDEBTEDNESS RELATING TO EXISTING COMMUNITY BASED RESIDENCE 0 0 1 A 24093025 30786202 3034026 26140114 339865 1272197 2011 1 0 1 1 A 1 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 2C: ALL BOND PROCEEDS WERE SPENT FOR REFINANCE OF PRIOR DEBTS. NO PROCEEDS WERE EVER INVESTED. X AUCTION ITEMS 53 64331 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS REPRESENTS NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE 990 FORM AND AFTERWARDS, ALL BOARD MEMBERS RECEIVE A COPY OF THE COMPLETED 990 FORM BEFORE THE STAFF SUBMITS THE FORM FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE STAFF AND BOARD MEMBERS OF THE ORGANIZATION COMPLETE AN ANNUAL DECLARATION OF ANY ACTIVITIES THAT COULD BE A CONFLICT OF INTEREST. THEY ARE REQUIRED TO SIGN AND DATE THIS FORM AND THEN SUBMIT IT FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE BASED ON A RANGE OF SALARY RATES FOR COMPARABLE POSITIONS IN COMPARABLE NONPROFIT AGENCIES. INITIAL SALARY RANGES WERE APPROVED BY OUR FUNDING AGENCY, SAN ANDREAS REGIONAL CENTER, AND BY OUR BOARD OF DIRECTORS. AFTER THE INITIAL SALARY RATE HAS BEEN SET, THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS FOR SALARY INCREASES BASED ON PERFORMANCE AND BUDGET ALLOWANCES. ALL SALARY INCREASES OR BONUSES MUST BE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION ARE AVAILABLE UPON REQUEST. CASA MILAGRO LLC 101 CHURCH ST STE 4 LOS GATOS CA 95030 870771651 REAL ESTATE AND PROPERTY OWNERSHIP CA 4731706 42957388 BAY AREA HOUSING CORPORATION MAS MILAGROS LLC 101 CHURCH ST STE 4 LOS GATOS CA 95030 274336516 REAL ESTATE AND PROPERTY OWNERSHIP CA 135649 3893752 BAY AREA HOUSING CORPORATION