2024-05-15T17:25:47-05:00 2023-06-30 750786316 WEAVER AND TIDWELL LLP 100 W WALNUT STREET FL 7 PASADENA CA 91124 990 2022-07-01 010740130 RIO HONDO COMMUNITY DEVELOPMENT CORPORATION RIOH 6264012784 11401 VALLEY BLVD 207 EL MONTE CA 91731 MICHAEL MCCLURE PRESIDENT 6264012784 2024-05-15 1 MICHAEL MCCLURE 999009999 1 ERIC A GRONROOS P00025921 6265850666 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL MCCLURE 11401 VALLEY BLVD 207 EL MONTE CA 91731 533925 0 X HTTPS://RIOHONDOCDC.ORG/ X 2002 CA TO IMPROVE AND PRESERVE THE HOUSING INVENTORY THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME PERSONS; TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY BY RELIEVING POVERTY, DEPENDENCY, CHRONIC UNEMPLOYMENT AND UNDEREMPLOYMENT; AND TO COMBAT COMMUNITY DETERIORATION AND PROMOTE THE RESTORATION OF ECONOMIC VITALITY TO AREAS EXPERIENCING ECONOMIC DISTRESS. 6 6 2 0 0 0 0 0 487894 531795 582 2130 0 0 488476 533925 0 0 0 0 67251 73744 0 0 0 349107 385962 416358 459706 72118 74219 3434546 3527116 1710325 1728676 1724221 1798440 X TO IMPROVE AND PRESERVE THE HOUSING INVENTORY THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME PERSONS; TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY BY RELIEVING POVERTY, DEPENDENCY, CHRONIC UNEMPLOYMENT AND UNDEREMPLOYMENT; AND TO COMBAT COMMUNITY DETERIORATION AND PROMOTE THE RESTORATION OF ECONOMIC VITALITY TO AREAS EXPERIENCING ECONOMIC DISTRESS. 0 0 378338 531795 IMPROVE, CONSTRUCT AND PRESERVE HOUSING THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME INDIVIDUALS. THE ORGANIZATION'S PRIMARY SOURCE OF FINANCIAL SUPPORT IS THROUGH GOVERNMNET GRANTS FROM CITY OF EL MONTE, THE CITY OF ROSEMEAD, THE CITY OF BALDWIN PARK AND NET RENTAL INCOME COLLECTED FROM ITS RENTAL PROPERTIES. 378338 1 0 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 0 0 2 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 CA X KENNETH FERREIRA 6264012784 11706 RAMONA BLVD SUITE 107 EL MONTE CA 91732 KEN RAUSCH DIRECTOR 0.00 X 0 0 0 MICHAEL MCCLURE PRESIDENT 0.00 X X 0 0 0 EUGENE MOY TREASURER 0.00 X X 0 0 0 MARGARITA CRUZ SECRETARY 0.00 X X 0 0 0 DR EDWARD ZUNIGA DIRECTOR 0.00 X 0 0 0 KENNETH FERREIRA EXECUTIVE DIRECTOR 0.00 X X 40178 0 0 40178 0 0 0 0 0 0 0 RENTAL INCOME 531190 531795 531795 531795 2130 2130 533925 531795 0 2130 39270 34042 5228 26114 22637 3477 8360 7248 1112 18400 18400 1327 1327 613 613 17270 17270 64072 64072 65161 65161 27371 690 26681 REPAIRS & MAINTENANCE 74556 74556 PROPERTY MANAGEMENT 42333 42333 PROPERTY TAXES 25465 25465 UTILITIES 23693 23693 25701 17114 8587 459706 378338 81368 0 603236 966293 357147 151819 3320730 946440 2439449 2374290 34714 34714 3434546 3527116 329506 348596 1336135 1318013 44684 62067 1710325 1728676 X 1859 115974 1722362 1682466 1724221 1798440 3434546 3527116 74219 0 X X 0 1 X 1 0 X 16200 8750 24950 16200 8750 24950 24950 1646 1157 582 2130 5515 30465 0.81900 0.86200 X 1525667 1525667 1783381 935668 847713 8566 7656 910 3116 3116 0 2374290 SECURITY DEPOSITS 62067 62067 X 533925 0 533925 0 533925 459706 0 459706 0 459706 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY FOR TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN PRIOR TO RECOGNITION IN THE FINANCIAL STATEMENTS. THE STANDARD ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D, AND THEREFORE A PROVISION FOR INCOME TAXES IS NOT INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS AND THAT THE EXEMPT STATUS WOULD BE SUSTAINED ON EXAMINATION. THE ORGANIZATION CLASSIFIES INTEREST AND PENALTIES ON UNDERPAYMENTS OF INCOME TAX, IF ANY, AS INTEREST EXPENSE AND PENALTIES, RESPECTIVELY, BOTH OF WHICH WOULD BE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION FILES TAX RETURNS IN THE UNITED STATES FEDERAL AND CALIFORNIA STATE JURISDICTIONS. FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - PROVIDE AFFORDABLE HOUSING PROGRAM PROJECT MANAGEMENT SERVICES, ASSET MANAGEMENT SERVICES, AND OTHER RELATED SERVICES IN SUPPORT OF THE ORGANIZATION'S MISSION, PRODUCTION PROGRAMS AND ASSET MANAGEMENT OBJECTIVES. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE PRESIDENT OF THE BOARD REVIEWS THE FORM 990 BEFORE SIGNING. THE BOARD WILL RECEIVE A COPY OF THE FORM 990 FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR