2024-05-14T18:52:04-05:00 2023-06-30 320530003 QUIGLEY & MIRON 3550 WILSHIRE BLVD 1660 LOS ANGELES CA 90010 990 2022-07-01 833984225 GENEVA PLAZA INC GENE 3232583512 PO BOX 7070 PASADENA CA 911097070 ERIC LARSON PRESIDENT 3232583512 2024-05-14 ERIC LARSON 999009999 1 JONI FUJIHARA P01370973 2136393550 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIC LARSON PO BOX 7070 PASADENA CA 911097070 1395599 0 X N/A X 2019 CA TO PROVIDE AFFORDABLE HOUSING FOR THOSE 62 YEARS OF AGE OR OLDER. 5 5 4 6 0 0 877080 889798 432023 455553 11550 47461 3384 2787 1324037 1395599 0 0 0 0 292290 298926 0 0 0 1036900 1067146 1329190 1366072 -5153 29527 10493201 10438300 7192230 7107802 3300971 3330498 X GENEVA PLAZA, INCORPORATED, OPERATES AN AFFORDABLE APARTMENT COMMUNITY LOCATED IN SANTA MONICA, CALIFORNIA. 0 0 1118188 455553 GENEVA PLAZA, INC. (CORPORATION) IS A CALIFORNIA NON-PROFIT CORPORATION FORMED ON FEBRUARY 15, 2019 BY WESTMINSTER TOWERS, INC. TO MANAGE GENEVA PLAZA HUD PROJECT NO.122-EH001 (PROJECT), AN EIGHT-STORY, 100-UNIT BUILDING COMPLETED IN JUNE 1979 IN SANTA MONICA, CALIFORNIA. WESTMINSTER TOWERS, INC. DEEDED THE BUILDING OVER TO THE CORPORATION ON JULY 12, 2019. THE CORPORATION MANAGES THE PROJECT UNDER GUIDELINES ESTABLISHED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) IN SECTION 202 OF THE NATIONAL HOUSING ACT, WHICH DIRECTS THE OPERATION OF FEDERALLY SUBSIDIZED APARTMENT RENTAL HOUSING FOR LOW-INCOME ELDERLY PERSONS.FALKENBERG/GILLIAM & ASSOCIATES, INC. IS THE PROJECTS' MANAGING AGENT, AND APARTMENT RENTAL RATES REQUIRE HUD APPROVAL.THE PROJECTS' MAJOR PROGRAM IS ITS SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM PROVIDED UNDER AN AGREEMENT WITH HUD. 1118188 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 4 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 CA X X FALKENBERGGILLIAM & ASSOCIATES 3232583512 1560 COLORADO BLVD PASADENA CA 91105 X JAMES DANIEL WILLIAMS VICE PRESIDENT 1.00 X X 0 0 0 ERIC LARSON PRESIDENT 1.00 X X 0 0 0 KAREN CARREY SECRETARY 1.00 X X 0 0 0 STACY WILKINS DIRECTOR 1.00 X 0 0 0 LAWRENCE RHEE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 889798 889798 RENTAL INCOME 532000 455481 455481 PROGRAM INVESTMENT INC 532000 72 72 455553 47461 47461 LAUNDRY AND VENDING 532000 2787 2787 2787 1395599 455553 0 50248 222279 213879 8400 59820 57559 2261 16827 16191 636 84383 84383 35445 35445 33837 33837 16857 16857 5900 5900 265718 265718 91541 91541 80953 57748 23205 BUILDING MAINTAIN/REPAI 228508 228508 UTILITIES 170118 170118 ADMIN RENT FREE UNIT 29940 29940 PROPERTY TAX 16679 16679 7267 247 7020 1366072 1118188 247884 0 85883 85316 1240876 69839 894 21751 65774 54413 4658539 3756727 993353 901812 7689830 8886036 372835 386307 43756 32826 10493201 10438300 72921 101872 7091567 6977159 27742 28771 7192230 7107802 X 3300971 3330498 3300971 3330498 10493201 10438300 29527 0 X X 0 1 X 0 1 1 X 853046 871726 869335 877080 889798 4360985 420103 401595 415564 432023 455553 2124838 1273149 1273321 1284899 1309103 1345351 6485823 0 0 0 6485823 89085 30977 11550 47461 179073 89085 30977 11550 47461 179073 2641 2547 2165 3384 2787 13524 1275790 1364953 1318041 1324037 1395599 6678420 0.97120 0.97770 0.02680 0.02020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 451862 451862 4031972 3582022 449950 174705 174705 0 901812 TENANT DEPOSITS 28771 28771 X 1395599 0 1395599 0 1395599 1342594 0 1342594 23478 23478 1366072 PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED "MORE LIKELY THAN NOT" TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT JUNE 30, 2023. GENERALLY, THE CORPORATION'S INFORMATION RETURNS REMAIN OPEN FOR EXAMINATION THREE (FEDERAL) OR FOUR (STATE OF CALIFORNIA) YEARS FROM THE DATE OF FILING. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENTITY EXPENSES FORM 990, PART VI, SECTION A, LINE 3 DUE TO THE SPECIFIC REQUIREMENTS AND GUIDELINES ASSOCIATED WITH HUD SUBSIDIZED PROJECTS, THE GOVERNING BODY RETAINED FALKENBERG/GILLIAM & ASSOCIATES AS THE APPROVED MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT AND OPERATIONS. FALKENBERG/GILLIAM & ASSOCIATES HAS SPECIALIZED TRAINING AND EXPERIENCE IN GOVERNMENT FUNDED PROJECTS FOR LOW INCOME SENIOR HOUSING. FORM 990, PART VI, SECTION B, LINE 11B THE GENEVA PLAZA PROJECT RECEIVES AN INDIVIDUAL AUDIT PER HUD REQUIREMENTS. DURING THE AUDIT PROCESS THE AUDITOR WORKS CLOSELY WITH THE MANAGEMENT COMPANY AND A BOARD OFFICER TO OBTAIN THE NECESSARY INFORMATION TO PREPARE THE FORM 990. THE FORM 990 IS REVIEWED BY THE FALKENBERG/GILLIAM FINANCE DEPARTMENT THEN FORWARDED TO A BOARD OFFICER FOR FINAL REVIEW AND SIGNATURE. ALL BOARD MEMBERS RECEIVE THE RETURN VIA EMAIL PRIOR TO THE FINAL SUBMISSION. FORM 990, PART VI, SECTION C, LINE 19 IN ADDITION TO THE FORM 990 BEING AVAILABLE UPON REQUEST, IT IS AVAILABLE THROUGH GUIDESTAR.ORG. FORM 990, PART VI, SECTION B, LINE 14: FALKENBERG/GILLIAM & ASSOCIATES, AS THE APPROVED MANAGEMENT COMPANY, MAINTAINS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 15A: ALL TOP MANAGEMENT ARE NON-COMPENSATED. FORM 990, PART VI, SECTION B, LINE 15B: ALL OFFICERS ARE NON-COMPENSATED. FORM 990, PART XII, LINE 2C: FALKENBERG/GILLIAM & ASSOCIATES, AS THE APPROVED MANAGEMENT COMPANY, HAS ASSUMED RESPONSIBILITY FOR OVERSIGHT OF PROJECT AUDITS.