2024-11-14T19:27:16-05:00 2023-12-31 931178074 RICHARD R HARRIS CPA 5257 NE MARTIN LUTHER KING PORTLAND OR 97211 990 2023-01-01 931219286 EMERSON PLAZA AFFORDABLE HOUSING I EMER 5032873496 1488 NE ALBERTA STREET PORTLAND OR 97211 MARY SCHOEN-CLARK EXECUTIVE DIRECTOR 5032873496 2024-11-14 true false RICK HARRIS P00957412 5032802030 2024-11-14 2023 2024-10-15 13:58:12Z MARY SCHOEN-CLARK 1488 NE ALBERTA ST PORTLAND OR 97211 207350 false X SABINCDC.ORG X 1996 OR PROVIDING LOW-INCOME HOUSING BY OPERATING AN APARTMENT BUILDING. 4 4 0 0 0 174622 206303 302 1047 0 174924 207350 0 0 0 0 0 160975 175199 160975 175199 13949 32151 492905 541279 95451 118942 397454 422337 PROVIDING LOW-INCOME HOUSING BY OPERATING AN APARTMENT BUILDING. false false 166294 208383 CONTINUED TO OPERATE AND ADEQUATELY MAINTAIN A 16 UNIT MULTIFAMILY APARTMENT BUILDING FOR LOW-INCOME FAMILIES. 166294 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false true false false false false false true false false false true 0 0 0 false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true false false false OR X MARY SCHOEN-CLARK 5032873496 1488 NE ALBERTA ST PORTLAND OR 97211 X ALEX ALEMAN MEMBER 2.00 X 0 0 0 SAMUEL COLE TREASURER 2.00 X X 0 0 0 JILLIAN SAURAGE-FELTON CHAIR 2.00 X X 0 0 0 JUDY SILKE SECRETARY 2.00 X X 0 0 0 false false false RENTAL INCOME 205624 205624 LAUNDRY & VENDING INCOME 679 679 206303 1047 1047 207350 206303 1047 44187 44187 2354 2354 8905 8905 15955 15955 12854 12854 16762 16762 REPAIR AND MAINTENANCE 55093 55093 UTILITIES 12747 12747 DEPRECIATION 8200 8200 MISCELLANEOUS 196 196 -2054 -2054 175199 166294 8905 0 101645 142197 242394 249143 1073 4061 9081 15366 444458 313946 138712 130512 492905 541279 10111 24829 60921 60921 24419 33192 95451 118942 X 397454 422337 397454 422337 492905 541279 X 32151 -7268 X false false X 163794 169094 157464 174622 206303 871277 163794 169094 157464 174622 206303 871277 871277 193 302 1047 1542 193 302 1047 1542 163794 169094 157657 174924 207350 872819 0.99820 0.99940 0.00000 0.00000 X 17724 17724 415229 302441 112788 11505 11505 130512 ACCRUED INTEREST 13618 DISTRIBUTIONS PAYABLE 12685 SECURITY DEPOSITS 3727 PREPAID RENT 3162 33192 SABIN COMMUNITY DEVELOPMENT CORP OWNER 17879 ONSITE MANAGEMENT false SABIN COMMUNITY DEVELOPMENT CORP OWNER 26308 PROPERTY MANAGEMENT false SABIN COMMUNITY DEVELOPMENT CORP OWNER 21750 MAINTENANCE PAYROLL false SCHEDULE L, PART V SABIN COMMUNITY DEVELOPMENT CORPORATION (SABIN) IS THE NON-PROFIT SPONSOR/OWNER OF EMERSON. MEMBERS OF SABIN'S BOARD OF DIRECTORS AND SABIN'S EXECUTIVE DIRECTOR ALSO SERVE AS EMERSON'S BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR. SABIN IS ALLOWED TO TAKE DISTRIBUTIONS FROM EMERSON TO PROMOTE ITS OWN LOW INCOME HOUSING PROGRAMS. DURING THE YEAR, EMERSON DISTRIBUTED CASH OF 12,685 TO SABIN. ADDITIONALLY, EMERSON PAID SABIN 65,937 FOR CERTAIN MANAGEMENT FEES, MAINTENANCE PAYROLL AND PAID SEPARATELY FOR THE REIMBURSEMENT OF CERTAIN EXPENSES. FORM 990, PAGE 6, PART VI, LINE 11B THE EXTERNAL ACCOUNTING FIRM PREPARES THE FORM 990 AND SUPPLEMENTAL SCHEDULES AS SOON AS POSSIBLE AND FORWARDS A DRAFT OF THE RETURN TO THE EXECUTIVE DIRECTOR AND GOVERNING BOARD FOR REVIEW. THE EXECUTIVE DIRECTOR RECEIVES ALL BOARD MEMBERS' COMMENTS (IF ANY) AND RELAYS THEM TO THE CPA FIRM FOR ANSWERS. ONCE THE EXECUTIVE DIRECTOR AND BOARD HAS APPROVED 990 AND SUPPLEMENTAL SCHEDULES INSTRUCTIONS ARE GIVEN TO THE EXTERNAL ACCOUNTING FIRM TO PREPARE A FINAL VERSION OF THE RETURN FOR SIGNATURE OR ELECTRONIC FILING. THE EXECUTIVE DIRECTOR RECEIVES AN ELECTRONIC COPY OF THE RETURN FOR RECORD KEEPING. EVERY EFFORT WILL BE MADE TO FILE THE RETURN IN A TIMELY MANNER WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C 1.CONTRACTS, TRANSACTIONS, OR ARRANGEMENTS OF THE ORGANIZATION IN WHICH A DIRECTOR OR EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST SHALL NOT BE PROHIBITED, BUT THEY SHALL BE SUBJECT TO SCRUTINY. ANY SUCH PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT (COLLECTIVELY, "ARRANGEMENT") IS TO BE REVIEWED TO DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION. 2.FOR THE PURPOSE OF THIS POLICY, A DIRECTOR OR EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST IN A PROPOSED OR EXISTING ARRANGEMENT IF HE OR SHE, OR ONE OF HIS OR HER RELATIVES: A)HAS A SUBSTANTIAL FINANCIAL INTEREST DIRECTLY IN THE PROPOSED OR EXISTING ARRANGEMENT; OR B)HAS A SUBSTANTIAL FINANCIAL INTEREST IN ANY OTHER ORGANIZATION THAT I ( IS A PARTY TO THE PROPOSED OR EXISTING ARRANGEMENT; ) OR II ( IS IN ANY WAY INVOLVED IN THE PROPOSED OR EXISTING ARRANGEMENT, INCLUDING THROUGH THE PROVISION OF SERVICES IN CONNECTION THEREWITH (AN "INVOLVED ORGANIZATION"); OR C)HOLDS A POSITION AS TRUSTEE, DIRECTOR, OFFICER, MEMBER, PARTNER, OR EMPLOYEE IN ANY SUCH PARTY OR INVOLVED ORGANIZATION. A DIRECTOR'S OR EMPLOYEES' FINANCIAL INTEREST WILL BE CONSIDERED SUBSTANTIAL IF IT INVOLVES: A)AN OWNERSHIP OR INVESTMENT INTEREST REPRESENTING MORE THAN 1% OF THE OUTSTANDING SHARES OF A PUBLICLY TRADED COMPANY OR 5% OF THE OUTSTANDING SHARES OR COMPARABLE INTEREST OF A PRIVATELY OWNED COMPANY WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WHICH IS AN INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT; OR B)AN OWNERSHIP OR INVESTMENT INTEREST, WHICH PRODUCES A SIGNIFICANT AMOUNT OF INCOME FOR OR CONSTITUTES A SIGNIFICANT PART OF THE NET WORTH OF THE DIRECTOR OR EMPLOYEE, OR A RELATIVE OF THE DIRECTOR OR EMPLOYEE, IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WHICH IS AN INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT; OR C)A COMPENSATION ARRANGEMENT OF ANY KIND WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WITH ANY INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF DOCUMENTS ARE PROVIDED UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 DISTRIBUTIONS TO OWNER 0 PRIOR PERIOD ADJUSTMENT -7,268 TOTAL -7,268 SABIN COMMUNITY DEVELOPMENT CORP 1488 NE ALBERTA ST PORTLAND OR 97211 943168146 DEVELOPER OR 7 N/A false false false false false false false false false false false false false false false true true false false false SABIN COMMUNITY DEVELOPMENT CORP P 17879 PROPERTY MANAGEMENT SABIN COMMUNITY DEVELOPMENT CORP P 26308 ONSITE MANAGEMENT SABIN COMMUNITY DEVELOPMENT CORP P 21750 MAINTENANCE PAYROLL