2024-05-14T11:01:56-05:00 2023-06-30 943108253 NOVOGRADAC & COMPANY LLP 601 SW 2ND AVE SUITE 1150 PORTLAND OR 97204 990 2022-07-01 472425040 WAKELAND OPPORTUNITES FOR AFFORDABLE HOUSING WAKE 6192352269 1230 COLUMBIA STREET 950 SAN DIEGO CA 92101 STEVE KUPTZ PRESIDENT 6192352296 2024-05-13 1 STEVE KUPTZ 999009999 0 WARREN R SEBRA P01300062 5038212700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE KUPTZ 1230 COLUMBIA ST SUITE 950 SAN DIEGO CA 92101 85992 0 X N/A X 2014 CA THE CORPORATION IS ORGANIZED TO BENEFIT AND SUPPORT WAKELAND HOUSING ANDDEVELOPMENT CORPORATION. 3 3 0 0 0 0 0 0 10611 85992 0 0 0 0 10611 85992 0 0 0 0 5683 5683 0 0 0 945920 21727 951603 27410 -940992 58582 38543 44407 552962 500244 -514419 -455837 X THE CORPORATION IS ORGANIZED TO ASSIST AND SUPPORT ITS AFFORDABLE HOUSING ACTIVITIES, WITH AN EMPHASIS ON DEVELOPMENT, CONSTRUCTION AND OPERATION OF DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES WHERE AN INADEQUATE SUPPLY OF HOUSING EXISTS FOR SUCH PERSONS AND ASSISTING LOW-INCOME AND MODERATE-INCOME HOUSEHOLDS BY PROVIDING OR FACILITATING SOCIAL, EDUCATIONAL AND OTHER SERVICES THAT IMPROVE THEIR QUALITY OF LIFE AND SELF-SUFFICIENCY. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED TO QUALIFY AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) UNDER THE CRANSTON-GONZALEZ NATIONAL AFFORDABLE HOUSE ACT OF 1990, AS AMENDED, AND AS DEFINED IN 24 CODE OF FEDERAL REGULATIONS SECTION 92.2. 0 0 27410 85992 THE CORPORATION PROVIDES AFFORDABLE HOUSING AND RELATED SERVICES FOR LOW-INCOME AND MODERATE-INCOME PERSONS WHO ARE IN NEED OF AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES WHERE AN INADEQUATE SUPPLY OF HOUSING EXISTS FOR SUCH PERSONS AND ASSISTS LOW-INCOME AND MODERATE-INCOME HOUSEHOLDS BY PROVIDING OR FACILITATING SOCIAL, EDUCATIONAL AND OTHER SERVICES THAT IMPROVE THEIR QUALITY OF LIFE AND SELF-SUFFICIENCY. 27410 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOAN EDELMAN 6192352296 1230 COLUMBIA STREET SUITE 950 SAN DIEGO CA 92101 JEFF BRAZEL SECRETARY 1.00 2.00 X 0 0 0 TROY BOYLE CFO 1.00 X 0 0 0 STEVE KUPTZ PRESIDENT 1.00 X 0 0 0 REBECCA LOUIE VICE PRESIDENT 1.00 40.00 X 5683 0 0 JOAN EDELMAN ASST TREASURER 0.00 40.00 X 0 0 0 TRICIA LEVIEN ASST SECRETARY 0.00 40.00 X 0 0 0 5683 0 0 0 0 0 0 0 PARTNERSHIP MANAGEMENT 900099 78507 78507 ASSET MANAGEMENT FEE I 900099 7444 7444 INTEREST INCOME 900099 41 41 85992 85992 85992 0 0 5683 5683 266 266 2000 2000 146 146 19174 19174 PASS-THROUGH LOSS FROM 141 141 27410 27410 0 0 25389 23017 13154 21390 38543 44407 552962 500244 552962 500244 X 0 0 0 0 -940992 58582 -514419 -455837 38543 44407 58582 0 X X 0 1 X 1 0 X X X 1 WAKELAND HOUSING & DEVELOPMENT CORP 330833640 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1 - CONTROL OR MANAGEMENT OF THE SUPPORTING ORGANIZATION (WAKELAND OPPORTUNITIES FOR AFFORDABLE HOUSING (WOAH)) IS RESPONSIVE TO THE NEEDS AND REQUIREMENTS OF THE SUPPORTED ORGANIZATION (WAKELAND HOUSING AND DEVELOPMENT CORPORATION) THROUGH THE DIRECT CONTROL OF THE APPOINTMENT AND ELECTION OF WOAH BOARD MEMBERS AS PUT FORTH IN THE WOAH BYLAWS. ALL INITIAL MEMBERS OF THE WOAH BOARD OF DIRECTORS WERE APPOINTED BY THE WAKELAND HOUSING AND DEVELOPMENT CORPORATION BOARD. ALL FUTURE BOARD OF DIRECTORS OF WOAH SHALL BE ELECTED BY THE BOARD OF DIRECTORS OF WAKELAND HOUSING AND DEVELOPMENT CORPORATION. ADDITIONALLY, WAKELAND HOUSING AND DEVELOPMENT CORPORATION'S CEO/PRESIDENT, AN EXECUTIVE LEVEL STAFF POSITION, SERVES AS THE PRIMARY STAFF FOR THE WOAH ORGANIZATION. 0 INTEREST PAYABLE 44399 DUE TO RELATED PARTY 451473 DEFICIENCY IN PARTNERSHIP 4372 500244 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS IF THERE WERE ANY CONFLICTS WITH A BOARD MEMBER, THEY ARE ASKED TO RECUSE THEMSELVES WITH ANY MATTERS ON THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES THE ORGANIZATION USES INFORMATION FROM THE US BUREAU OF STATISTICS FOR SAN DIEGO-CARLSBAD TO DETERMINE COMPENSATION FOR THE CEO, PRESIDENT, KEY EMPLOYEES AND TOP MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN HOW THE ORGANIZATION'S BOARD OF DIRECTOR'S REVIEWS THE FORM 990.