2024-11-15T13:20:17-08:00 2023-12-31 813709413 HOFFMAN SHORT RUBIN DEWINTER SANDERSON 1037 PARK VIEW DR COVINA CA 91724 990 2023-01-01 954313200 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENT DEEP 2134411900 400 WEST 9TH STREET 100 LOS ANGELES CA 90015 JOANNE YOKOTA President 2024-11-15 true true Joanne Hoffman P00364437 6269320100 X 2023 2024-10-15 13:58:12Z 400 WEST 9TH STREET 100 LOS ANGELES CA 90015 37930 false X N/A X 1990 CA THE ORGANIZATION DEVELOPS, OWNS AND OPERATES HOUSING FOR FAMILIES WITH LOW AND VERY LOW INCOME. IT IS ALSO A SINGLE MEMBER IN MASON COURT, LLC, RESULTS OF ITS OPERATION IS INCLUDED AS NET IN PART VIII - STMT OF REVENUE. 5 4 3 0 2500 0 573897 37217 623313 713 0 1199710 37930 0 0 238641 180825 0 0 687754 577841 926395 758666 273315 -720736 63455654 64327351 44351870 45944303 19103784 18383048 THE ORGANIZATION DEVELOPS, OWNS AND OPERATES HOUSING FOR FAMILIES WITH LOW AND VERY LOW INCOME. false false 662274 DEVELOPING, OWNING AND OPERATING LOW INCOME HOUSING PROJECTS FOR TENANTS WHO ARE LIVING AT LOW OR VERY LOW INCOME LEVELS, WHICH IS AN INTEGRAL PART OF DEEP GREEN HOUSING AND COMMUNITY DEVELOPMENT'S PROGRAMS. 662274 true false false true false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 0 0 false 3 true false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true false false false true true true true true false false false false CA X JOANNE YOKOTA 2134411900 400 WEST 9TH STREET 100 LOS ANGELES CA 90015 ADRIAN IMONTI Executive Dir. 40.00 0.00 X 65040 0 0 ZOE ELLAS PAST EXECUTIVE DIRECTOR 40.00 0.00 24246 0 0 CLINTON ROSEMUND Director 1.00 0.00 X 0 0 0 SHEILA GRISHAM Director 1.00 0.00 X 0 0 0 MONICA VILLACORTA Director 1.00 0.00 X 0 0 0 JOANNE YOKOTA President 4.00 0.00 X 0 0 0 89286 0 true false false 0 0 CONSTRUCTION MGMT FEES INT. INC. NOTE REC PART. MANGEMENT FEES 42588 42588 PARTNERSHIP FEES 158100 158100 RESIDENT SERVICE FEES 60000 60000 -223471 -223471 37217 170 170 543 543 0 0 0 0 0 0 INT. EXP - PASS THRU LOANS 531390 -1318456 -1318456 INT. INC - PASS THRU LOANS 531390 1318456 1318456 0 37930 37930 0 0 0 0 89286 89286 0 64892 64892 0 14395 14395 12252 5146 7106 0 -7345 -7345 30000 30000 0 0 0 0 0 3106 3106 0 0 0 0 0 0 151083 151083 0 154827 154827 14850 14850 PROJECT EXPENSES 230006 230006 MISCELLANEOUS 1225 1225 TAX & LICENSE 89 89 0 758666 662274 96392 0 139769 31513 170672 109442 0 67824 66641 0 0 36826980 38145436 0 0 4916490 1871984 3199332 3044506 0 0 0 0 23051077 22929813 63455654 64327351 45185 52043 3830 127417 31256302 31256302 13046553 14508541 44351870 45944303 X 19103784 18383048 19103784 18383048 63455654 64327351 -720736 X false true X true true true X 38044 9320 1880 2500 51744 1597743 1726953 1612763 1889751 1355973 8183183 0 0 0 1635787 1736273 1614643 1892251 1355973 8234927 0 0 8234927 387 771153 1116790 623313 713 2512356 0 387 771153 1116790 623313 713 2512356 0 0 1636174 2507426 2731433 2515564 1356686 10747283 0.76620 0.83390 0.23380 0.16610 X false false false false false false false false true false false false false 641537 641537 4256997 1854028 2402969 15217 15217 2739 2739 3044506 CASH RESTRICTED - BOARD DESGINATED 96151 CASH RESTRICTED - CONSTRUCTION 39570 DUE FROM AFFILATE 1403708 INVEST IN LOW INCOME HSG PARTNERSHIP 17596384 PREDEVELOPMENT LOAN 3794000 22929813 ACCRUED CONSTRUCTION COSTS 33443 ACCRUED INTEREST PAYABLE 13736483 DUE TO AFFILIATES 541107 LINE OF CREDIT 124794 NOTE PAYABLE - BEYOND SHELTER 58175 TENANT SECURITY DEPOSIT 14539 14508541 37930 37930 37930 758666 758666 758666 false false false false false false false false false ZOE ELLAS PAST EXECUTIVE DIRECTOR 24246 24246 Form 990, Part VI, Section B, Line 11b DRAFT COPY OF THE THE TAX RETURN WAS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 12c THE EMPLOYEES ARE PROVIDED A HANDBOOK THAT OUTLINES THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO ADHERE TO IT. Form 990, Part VI, Section C, Line 19 The Organization's Executive Director maintains the custody of its governing documents and financial record at the corporate office and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization has a written conflict of interest policy and can provided for public inspection by the Organization itself. Statement Note 1 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEET PART X - LINE (7) Beginning End of year of yearNotes and Loans receivable consists of the following:$1,476,137 nonrecourse note receivable from Main StreetHousing, LP, dated April 1, 1998; consisting of $1,175,137 at 5.0% interest per annum; and $301,000 at 6.73% interest per annum; maturing Augsut 8, 2037. $ 1,476,137 $ 1,476,1377% nonrecourse note receivable from Gilroy AffordableBuilders and Investors, Inc., dated April 30, 2015; maturing May 1, 2018. 13,999,000 13,999,0005% nonrecourse note receivable from Wasilla PacificAssociateS (Vista Rose Phase I), dated May 20, 2016; maturing June 1, 2046. 1,170,000 1,170,0005% nonrecourse note receivable from Wasilla PacificAssociateS (Vista Rose Phase I), dated May 20, 2016; maturing June 1, 2056. 300,000 300,0005% nonrecourse note receivable from Wasilla PacificAssociates II (Vista Rose Phase II), dated August 29, 2017; maturing August 29, 2047. 750,000 750,0005% nonrecourse note receivable from Wasilla PacificAssociates II (Vista Rose Phase II), August 29, 2017; maturing August 29, 2047. 719,937 719,9372.5% nonrecourse note receivable from Palmer PacificAssociates (Whispering Winds Phase I), dated August 30, 2018; maturing September 1, 2048. 1,125,215 1,251,3502.5% nonrecourse note receivable from Palmer PacificAssociates (Whispering Winds Phase I), dated August 30, 2018; maturing August 30, 2048. 1,118,172 1,242,4132.5% nonrecourse note receivable from Palmer PacificAssociates II (Whispering Winds Phase II), dated May 8, 2019; maturing September 1, 2058 450,000 500,0002.5% nonrecourse note receivable from Palmer PacificAssociates II (Whispering Winds Phase II), dated May 8, 2019; maturing September 1, 2058 287,814 319,7932.5% nonrecourse note receivable from Wasilla PacificAssociates III(Aspen Pines), dated August 4, 2020, maturing September 1, 2060 191,064 191,0642.5% nonrecourse note receivable from Wasilla PacificAssociates III(Aspen Pines), dated August 4, 2020, maturing September 1, 2060 995,958 995,9581% nonrecourse deferred note receivable from 7th & Witmer, LP.,dated December 19, 2017; maturing June 30, 2036 3,482,907 3,482,907TOTAL NOTES RECEIVABLE 26,398,559 26,398,559DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEET PART X - LINE (7)- (continued) Accrued Interest 10,428,421 11,746,877TOTAL NOTES AND LOANS RECEIVABLE $ 36,826,980 $ 38,145,436 Statement Note 2 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 / SCHEDULE D PART IX - LINE (4) Beginning End of year of yearInvestment in Low Income Housing consists of the following:Coronado Place Associates, LP $ 242,820 $ 243,195671 Coronado Street, LP 28,039 27,988Main Street Housing, LP (9,431) (261,750) Casa Carondelet, LP (19,560) (20,504) Monterey Park Senior Village, LP 1,269,980 1,270,018El Centro Senior Villas, LP 347,991 347,991Victoria Manor Senior Apts, LP (1,817) -Broadway Village I, LP (33,418) (33,442)Broadway Village II, LP 2,703 2,636Las Flores, LP - -DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 / SCHEDULE D PART IX - LINE (4) - (continued)Imperial Highway Apts, LP (176) (198)Samoa Avenue Housing (169) (188)Sonora Vista Apts, LP - -Slauson Station Apts, LP (221,876) (221,913) Swansea Apts, LP (310,190) (310,243)Swansea II Apts, LP (36) (41)Swansea Park Senior - Phase II 569 569Central Village Apts, LP 63,147 63,071Hollydale, LP (270) (289) 11515 S. Budlong Limited Partners, LP (79,324) (52,937)9th & Grand Limited Partners, LP (88,859) (32,952)Palmer Pacific Associates, LP (139) (139)Palmer Pacific Associates II, LP (132) (132)Chestnut Family Apts, LP (14) (14)Gilroy Affordable Housing B&I, Inc 16,596,060 16,575,871Wasilla Pacific Associates, LP (1) (1)Wasilla Pacific Associates - Phase II (108) (108)Wasilla Pacific Associates - Phase III (104) (104) TOTAL $ 17,785,685 $ 17,596,384 Statement Note 3 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEETPART X - LINE (23) Beginning End of year of yearMortgages & Notes Payable consists of the following:Nonrecourse residual receipt note payableb to the Cityof Los Angeles, collaterilized by the related notereceivable from Main Street Housing, L.P.: dated April 1, 1998; maturing August 8, 2037. $ 1,476,137 $ 1,476,137DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEETPART X - LINE (23)- (continued)3% Nonrecourse residual receipt note payable to the Community Development Commission of the County of Los Angeles (CDC); dated March 15, 2007; secured by land and building; maturing March 15, 2037. 2,452,544 2,452,5443% Nonrecourse note payable to the Community Development Commission of the County of Los Angeles; dated November 17, 2010; secured by deed of trust; to beforgiven seven years after initial occpancy of Mason Court,a related project of the Organization. 680,872 680,8723% Nonrecourse note payable to the Housing Authority ofthe County of Los Angeles (HACoLA); dated March 2, 2010; secured by deed of trust; maturing June 1, 2067. 1,724,637 1,724,637 7% Nonrecourse residual receipt note payable to Alexis Gevorgian, Trustee of AMG and Associates Retirement Trust, collateralized by the related note receivable from Gilroy Affordable Housing Builders and Investors, Inc., dated April 30, 2015; maturing May 1, 2018. 13,999,000 13,999,000 5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites, dated May 20, 2016; maturing June 1, 2046. 1,170,000 1,170,0005% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites,dated May 20, 2017; maturing June 1, 2056. 300,000 300,0005% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites II, dated August 29, 2017; maturing August 29, 2047. 750,000 750,0005% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites II, dated August 29, 2017; maturing August 29, 2047. 719,937 719,9372.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites III, dated August 4,2020; maturing September 1, 2060. 191,064 191,064DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEETPART X - LINE (23) Beginning End of year of year2.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites III, dated August 4,2020; maturing September 1, 2060. 995,958 995,958 2.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites I, dated August 30, 2018; maturing September 1, 2048. 1,125,215 1,251,3502.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites I, August 30, 2018; maturing August 30, 2048. 1,118,172 1,242,4132.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites II, May 8, 2019; maturing September 1, 2058. 450,000 500,0002.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites II, May 8, 2019; maturing September 1, 2058. 287,814 319,793Non-interest bearing note payable to Department ofHousing and Community Development (HCD), for thedevelopment and offsite improvements of 7th & Witmer Project, dated December 19, 2017; maturing June 30,2036. 3,361,637 3,482,597 TOTAL MORTGAGES AND NOTES PAYABLE $ 31,256,302 $ 31,256,302 Statement Note 4 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEET PART VIII - LINES 11(a) and 11(b)The Organization earns interest on various related party loans (residual receipt)and concurrently records interest expense in the same amount. These loans are pass-thru loans that the Organization is the designated borrower; however, the loans have been passed thru to the following entities: Pass-thru Entity Interest Income Interest Expense NetMain Street Housing, LP $ 79,014 $ 79,014 -0-Gilroy Affordable Housing, LP 979,930 979,930 -0-Wasilla Pacific Associates, LP 58,500 58,500 -0-Wasilla Pacific Associates, LP 15,000 15,000 -0-Wasilla Pacific Associates II, LP 37,500 37,500 -0-Wasilla Pacific Associates II, LP 35,997 35,997 -0-Wasilla Pacific Associates III, LP 3,922 3,922 -0-Wasilla Pacific Associates III, LP 23,152 23,152 -0-Palmer Pacific Associates, LP 31,284 31,284 -0-Palmer Pacific Associates II, LP 12,500 12,500 -0-Palmer Pacific Associates II, LP 7,995 7,995 -0-TOTAL 1,315,854 1,315,854 -0- On the tax return, due the nature of these transactions (related party) the above totals has been netted in the revenue section, Part VIII, Lines 11(a) and 11(b). The prior year (2022) tax return was corrected to reflect this change in presentation, total related party interest income for 2022 was $1,315,854 and related party interest expense for 2022 was $1,315,854. MASON COURT LLC 400 W 9th STREET SUITE 100 LOS ANGELES CA 90015 263678612 LOW INCOME HOUSING RENTAL PROPERTY CA -33696 3194009 DEEP GREEN HOUSING AND COMMUNITY DEV GILROY AFFORDABLE HOUSING B&I INC 700 N CENTRAL AVE STE 310 GLENDALE CA 91208 473933871 LOW INCOME HOUSING CA DEEP GREEN HSG & COM S Corp -20189 16575871 0.99938 false false false false false false false false false false false false false false false false false false false false