2024-11-15T00:38:37-06:00 2023-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2023-01-01 770197933 DEROSE HDC INC DERO 4082758770 505 W JULIAN STREET SAN JOSE CA 95110 PRESTON PRINCE PRESIDENT 4082758770 2024-11-12 1 0 SHERMAN LEONG P00513747 4159579999 2023 2024-10-15 13:58:12Z PRESTON PRINCE 505 W JULIAN STREET SAN JOSE CA 95110 1663914 0 X N/A X 1998 CA THE ORGANIZATION OPERATED HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES. 3 0 0 0 0 0 0 0 1587650 1663150 184 764 0 0 1587834 1663914 0 0 0 0 0 0 0 0 0 1368916 1385378 1368916 1385378 218918 278536 5718595 5831936 7206973 7041778 -1488378 -1209842 TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING. 0 0 1029842 1663150 THE ORGANIZATION SERVES AS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE HOUSING AND PROVIDE RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS.THE ORGANIZATION IS ALSO THE SOLE MEMBER OF HERMOCILLA LLC. AN ENTITY WITH THE PURPOSE TO ACQUIRE, REHABILITATE, AND OPERATE A 100-UNIT AFFORDABLE SENIOR HOUSING COMPLEX IN SAN JOSE, CALIFORNIA, WHICH IS CURRENTLY OPERATING UNDER THE NAME VILLA HERMOSA APARTMENTS. 1029842 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 1 1 CA X THE ORGANIZATION 4802758770 505 W JULIAN STREET SAN JOSE CA 95110 PRESTON PRINCE PRESIDENT 1.00 39.00 X X 0 415956 66209 RUSSELL BRUNSON VICE PRESIDENT/SECRETARY 1.00 39.00 X X 0 280329 16541 FLAHERTY WARD VICE PRESIDENT/TREASURER 1.00 39.00 X X 0 262017 37901 ALELI SANGALANG VICE PRESIDENT/TREASURER 1.00 39.00 X X 0 465270 27877 0 1423572 148528 0 0 1 0 0 RENTAL INCOME 531110 1579585 1579585 INCOME FROM PTRSHIP 531110 35787 35787 MANAGEMENT FEE 531110 30000 30000 OTHER INCOME 531110 17778 17778 1663150 764 764 1663914 1663150 0 764 10000 10000 40774 40774 371906 371906 OPERATING & MAINTENANCE 452770 452770 ADMINISTRATIVE 271337 271337 UTILITIES 163076 163076 TAX & INSURANCE 74199 74199 1316 1316 1385378 1029842 355536 0 2485338 2913036 48880 50164 21842 23426 5603812 2956616 3013470 2647196 149065 198114 5718595 5831936 94018 85625 2062 3574 963640 833300 6147253 6119279 7206973 7041778 X -1488378 -1209842 -1488378 -1209842 5718595 5831936 278536 0 X X 0 1 X 1 0 X 1345754 1556363 1505792 1587650 1663150 7658709 1345754 1556363 1505792 1587650 1663150 7658709 0 0 0 7658709 754 126 119 184 764 1947 754 126 119 184 764 1947 1346508 1556489 1505911 1587834 1663914 7660656 0.99970 0.99970 0.00030 0.00030 X 1541701 1541701 4062111 2956616 1105495 0 0 0 2647196 DEFICIT INVESTMENT IN SUBSIDIARIES 6051051 TENANT SECURITY DEPOSIT 68228 6119279 X PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. 0 0 0 0 0 0 0 0 0 ALELI SANGALANG VICE PRESIDENT/TREASURER 0 150265 0 0 0 315005 0 13321 0 14556 0 493147 0 0 PRESTON PRINCE PRESIDENT 0 396127 0 0 0 19829 0 29255 0 36954 0 482165 0 0 FLAHERTY WARD VICE PRESIDENT/TREASURER 0 261125 0 0 0 892 0 12947 0 24954 0 299918 0 0 RUSSELL BRUNSON VICE PRESIDENT/SECRETARY 0 266487 0 0 0 13842 0 12947 0 3594 0 296870 0 0 PART I, LINE 3 WRITTEN EMPLOYMENT CONTRACTS WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED. FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE DIRECTORS/OFFICERS ARE SCCHA EMPLOYEES AND SERVE ON OTHER AFFILIATE BOARDS TOGETHER. FORM 990, PART VI, SECTION A, LINE 3 PROPERTY MANAGEMENT SERVICES ARE PROVIDED BY A THIRD PARTY AGENT. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE REPORT IS REVIEWED BY THE SCCHA FINANCE DEPARTMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD, WHO ARE ALSO HOUSING AUTHORITY EMPLOYEES, ARE BOUND BY SCCHA POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR MAINTAIN ANY EMPLOYEES. ALL OFFICERS ARE COMPENSATED BY THE RELATED ORGANIZATION, SCCHA. BOARD OF DIRECTORS REVIEWS AND APPROVES EXECUTIVE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND THROUGH WEBSITE/BOARD MEETINGS. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. HERMOCILLA LLC 505 W JULIAN STREET SAN JOSE CA 95110 471557961 AFFORDABLE HOUSING CA 1598127 3728870 DEROSE HDC INC BAYBERRY SENIOR APARTMENTS LLC 505 W JULIAN STREET SAN JOSE CA 95110 352725121 AFFORDABLE HOUSING CA 0 0 DEROSE HDC INC HAWTHORN SENIOR APARTMENTS LLC 505 W JULIAN STREET SAN JOSE CA 95110 364995807 AFFORDABLE HOUSING CA 0 0 DEROSE HDC INC PRIMROSE SENIOR APARTMENTS LLC 505 W JULIAN STREET SAN JOSE CA 95110 320663621 AFFORDABLE HOUSING CA 0 0 DEROSE HDC INC SAGE FAMILY APARTMENTS LLC 505 W JULIAN STREET SAN JOSE CA 95110 923640980 AFFORDABLE HOUSING CA 0 0 DEROSE HDC INC TRILLIUM SENIOR APARTMENTS LLC 505 W JULIAN STREET SAN JOSE CA 95110 933629084 AFFORDABLE HOUSING CA 0 0 DEROSE HDC INC AVENIDA ESPANA HDC INC 505 WEST JULIAN STREET SAN JOSE CA 95110 770252447 GP TAX CREDIT AFFORDABLE HOUSING CA 501(C)(3) LINE 10 SANTA CLARA COUNTY HOUSING AUTHORITY 0 BRACHER HDC INC 505 WEST JULIAN STREET SAN JOSE CA 95110 770360031 GP TAX CREDIT AFFORDABLE HOUSING CA 501(C)(3) LINE 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