2024-10-14T14:52:17-05:00 2023-12-31 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2023-01-01 320255598 HONG LOK C/O BILTMORE PROPERTIES HONG 6029970013 2330 W MISSION LANE STE 10 PHOENIX AZ 85021 CHEAK YEE PRESIDENT 6029970013 2024-10-04 1 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2024-10-04 2023 2024-10-15 13:58:12Z CHEAK YEE 2330 W MISSION LANE STE 10 PHOENIX AZ 85021 363101 0 X N/A X 2008 AZ TO PROVIDE HOUSING AND SUPPORT SERVICES FOR ELDERLY AND HANDICAPPED PERSONS. 7 7 0 7 0 0 0 0 359026 359868 -66732 -2681 0 0 292294 357187 0 0 0 0 146390 159497 0 0 0 365141 342534 511531 502031 -219237 -144844 3882330 3771538 74123 108175 3808207 3663363 X TO PROVIDE HOUSING AND SUPPORT SERVICES FOR ELDERLY AND HANDICAPPED PERSONS. 0 0 438714 359868 THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY PERSONS THROUGH THE OPERATION OF A 42-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN PHOENIX, ARIZONA. THE ORGANIZATION PROVIDED DECENT AND SAFE HOUSING TO 84 RESIDENTS: 74% BETWEEN THE AGES 62-81 AND 26% BETWEEN THE AGES 82-93. HONG LOK EMPLOYED A SERVICE COORDINATOR WHO ASSISTED RESIDENTS WITH OBTAINING A VARIETY OF SOCIAL SERVICES AND REFERRALS, SUCH AS: ADVOCACY, ASSESSMENTS, CASE MANAGEMENT, BENEFITS AND ENTITLEMENTS (IE. SOCIAL SECURITY AND MEDICARE), TRANSLATION, TRANSPORTATION, CONFLICT RESOLUTION, HEALTHCARE SERVICES, COMPUTERS AND TECHNOLOGY, AND EMERGENCY FINANCIAL ASSISTANCE. EDUCATIONAL IN-SERVICES AND HEALTH AND WELLNESS ACTIVITIES WERE SCHEDULED EACH MONTH BY THE SERVICE COORDINATOR, IN ADDITION TO OTHER ACTIVITIES (CONT'D ON SCH O) PLANNED BY THE RESIDENT COUNCIL. RESIDENTS WERE ABLE TO RECEIVE ADDITIONAL SOCIAL SERVICES PROVIDED BY THE NEAR-BY SENIOR CENTER. 438714 1 0 0 0 0 0 0 0 1 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 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X NANCY BILLS - BILTMORE PROPERTIES 6029970013 2330 WEST MISSION LANE SUITE 10 PHOENIX AZ 85021 X CHEAK YEE CHAIR 0.20 X X 0 0 0 TERESA YUNG VICE CHAIR 0.20 X X 0 0 0 RUDY YEE TREASURER 0.20 X X 0 0 0 BRENDA FUNG SECRETARY 0.20 X X 0 0 0 JOE YUE AUDITOR 0.20 X X 0 0 0 MARGARET T LIU DIRECTOR 0.20 X 0 0 0 TONY TANG DIRECTOR 0.20 X 0 0 0 0 0 0 0 0 0 0 0 NET RENTAL INCOME 623990 359266 359266 LAUNDRY AND VENDING 812300 527 527 DAMAGES/CLEANING FEES 623990 75 75 359868 3233 3233 5914 -5914 -5914 -5914 357187 359868 0 -2681 115514 111385 4129 32221 31069 1152 11762 11342 420 22176 22176 621 621 18344 18344 34345 34345 1700 1700 13997 13997 50390 50390 472 472 1890 1890 124013 124013 20499 20499 REPAIRS & MAINTENANCE 45670 45670 TAXES, LICENSES AND FEE 8301 8301 MISCELLANEOUS EXPENSES 116 116 502031 438714 63317 0 62285 59724 199 487 9783 10608 4854998 1516021 3457087 3338977 352976 361742 3882330 3771538 25456 57363 121 392 7953 9827 40593 40593 74123 108175 X 3808207 3663363 3808207 3663363 3882330 3771538 -144844 0 X 0 1 X 0 1 1 X 320583 333511 332902 359026 359868 1705890 320583 333511 332902 359026 359868 1705890 7764 8148 8148 24060 106417 126501 124029 145779 141051 643777 114181 134649 132177 145779 141051 667837 1038053 82 41 37 48 3233 3441 82 41 37 48 3233 3441 15 15 30 320680 333567 332939 359074 363101 1709361 0.60730 0.61850 0.00200 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 15. 2020 AMOUNT: $ 15. 0 1 X 410000 410000 4287745 1372622 2915123 147503 139445 8058 9750 3954 5796 3338977 RESERVE FOR REPLACEMENT 299870 RESIDUAL RECEIPTS 46466 ESCROW DEPOSITS 2068 TENANT DEPOSITS IN TRUST 13338 361742 DUE TO RELATED PARTY 5063 RESIDUAL RECEIPT RECAPTURE 35530 40593 X 372173 9072 9072 363101 -5914 -5914 357187 517017 14986 14986 502031 0 502031 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT DEPOSITS IN TRUST. THE AMOUNTS HELD FOR RESIDENTS ARE REPORTED ON FORM 990, PART X, LINES 15 AND 21. PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINSTRATIVE RENT 9,072. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSET -5,914. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINSTRATIVE RENT 9,072. LOSS ON SALE OF FIXED ASSET 5,914. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF THE ORGANIZATION HAS AGREED THAT ALL MANAGEMENT SERVICES AND OVERSIGHT OF THE ORGANIZATION SHALL BE DONE BY BILTMORE PROPERTIES, INC. BILTMORE PROPERTIES, INC. HAS AGREED TO MANAGE ALL RENTAL OPERATIONS FOR A SPECIFIC FEE PER MONTH. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION HAS NO CLASSES OF MEMBERS. MEMBERSHIP IN THE CORPORATION IS LIMITED TO INDIVIDUALS APPROVED BY A UNANIMOUS VOTE OF THE EXISTING BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B SO LONG AS A DEED OF TRUST ON THE PROPERTY IS HELD BY THE US SECRETARY OF HOUSING AND URBAN DEVELOPMENT, THE ARTICLES OF INCORPORATION MAY NOT BE AMENDED WITHOUT THE PRIOR APPROVAL OF SAID SECRETARY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO BILTMORE PROPERTIES FOR THE INITIAL REVIEW. ONCE THE FORM 990 IS IN FINAL DRAFT, A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE COVERED BY THE POLICY. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A POSSIBLE CONFLICT TO THE BOARD OF DIRECTORS, INCLUDING ALL MATERIAL FACTS. AFTER DISCLOSURE AND A DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE MEETING WHILE THE BOARD OF DIRECTORS DISCUSSES AND VOTES TO DETERMINE IF A CONFLICT DOES INDEED EXIST. IF A CONFLICT IS DETERMINED TO EXIST, A DISINTERESTED PERSON OR COMMITTEE WILL INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON WILL LEAVE THE ROOM AND ABSTAIN FROM VOTING ON MATTERS CONCERNING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DID NOT HAVE ANY COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART V, LINE 2A EMPLOYEES ARE EMPLOYED BY AN OUTSIDE AGENCY. NO FEDERAL OR STATE PAYROLL REPORTING IS DONE BY THIS ORGANIZATION. THE PHOENIX CHINESE SENIOR CITIZENS ASSOCIATION 734 W ELM ST PHOENIX AZ 85013 860369173 PROVIDE SOCIAL,RECREATIONAL, HEALTH AND EDUCATIONAL SERVICES TO SENIORS AZ 501(C)(3) LINE 7 N/A 0 HONG NING SENIOR HOUSING CORPORATION 2330 W MISSION LANE STE 10 PHOENIX AZ 85021 860511863 SENIOR HOUSING AZ 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0