2024-05-14T15:46:52-07:00 2023-12-31 953851755 HEATHER R CHAMBERS CPA INC 1230 E Wardlow Rd Long Beach CA 90807 990 2023-01-01 953683476 ORANGE SENIOR HOUSING INC ORAN 7146337344 555 S SHAFFER ST ORANGE CA 92866 Paul Abbondante President 2024-05-14 true Paul Abbondante 999009999 true Heather R Chambers P00176711 5624244301 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Paul Abbondante 555 S SHAFFER ST ORANGE CA 928662700 501450 false X N/A X 1981 CA To provide housing and supportive services to low and moderate income individuals and families. 8 8 0 8 0 0 102092 379452 6706 121998 0 108798 501450 6317653 0 0 0 0 0 96097 184390 6413750 184390 -6304952 317060 5199411 5687012 354404 524945 4845007 5162067 To provide housing and supportive services to low and moderate income individuals and families. false false 183415 501450 During 2023, OSH continued in its role as the managing general partner of the Triangle Terrace Affordable Limited Partnership (the LP), which owns a 75-unit senior affordable apartment community that was constructed for OSH in the 1980s, then recapitalized into a tax credit partnership and renovated during 2015-16. A wholly-owned, for-profit limited liability company (LLC) represents OSH in the LP. There is a staff services afreement between OSH and its subsidiary LLC. There were no extraordinary events in the operation of the property during 2023. Tenant occupancy exceeded 95%. A Resident Services Coordinator assists the low-income elderly residents to live independently for as long as practical before moving to housing that provides care; the RSC is funded by a grant from HUD. A rent increase from HUD in December 2022 resulted in the first payment from the owner LP to OSH for its $1.5 million purchase money loan to the partnership. The LP also made its first distribution of cash flow to its partners from its for-profit subsidiary LLC under the staff services agreement.OSH also continued the process of developing a new community of senior affordable apartments named Katella Terrace on 1.54 acres of land in the City of Orange. Entitlement for plans to construct 74 apartment homes on the site was approved by the Orange City Council in September 2019. In December 2022, the California Tax Credit Allocation Committee (CTCAC) awarded the project state and federal tax credits with an estimated value of $26,974,000, which completed the financing plan for the project. As 2023 began, Katella Terrace Limited Partnership (KTLP), with OSH as its managing general partner, was initiating contracts with an architect, engineers, and various consultants to prepare drawings and specifications to accompany an application to the City of Orange for a building permit. On February 24, an application for a building permit was delivered to the City of Orange. Meanwhile, negotiations with Merchants Bank of Indiana developed detailed business terms for (i) a consttruction loan and (ii) the purchase of the project's CTCAC award of state and federal tax credits. Letters of Intent for the loan and tax credit equity were signed on March 6 and April 12, respectively. The City of Orange issued a permit for constructing the building and site improvements on June 27. On July 7, general contractor Portrait Construction, Inc. began the work of constructing the underground storm drain system, sewer system, and water, electric, and natural gas utilities. The concrete slab for the apartment building was poured on December 28-29. Construction is scheduled to be completed in the fourth quarter of 2024. 183415 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 8 8 false false false false false false false true false false false true true true true false true false false true true CA X ANKIT SHAH 7146337344 555 S SHAFFER ST ORANGE CA 92866 X Robert Stewart Treasurer 1.00 0.00 X X 0 0 0 Mark Cazeau Director 1.00 0.00 X 0 0 0 Jeff Halloran Secretary 1.00 0.00 X X 0 0 0 Neil Mansdorf Director 1.00 0.00 X 0 0 0 Ankit Shah Director 1.00 0.00 X 0 0 0 Paul Abbondante President 1.00 0.00 X X 0 0 0 Katherine Connaghan Vice President 1.00 0.00 X X 0 0 0 April Franklin Director 1.00 0.00 X 0 0 0 0 false false false 0 0 Developer Fees 531310 Residential RE income 531110 379452 379452 379452 121998 121998 0 0 0 0 0 0 0 Misc Income Resident Services 0 501450 379452 121998 X 0 0 0 0 0 0 0 0 0 0 0 0 975 975 0 0 0 171626 171626 0 25 25 0 0 0 0 0 0 0 0 0 10889 10889 Permits/Licenses/Fees 875 875 0 184390 183415 975 0 394231 310925 2504637 3878936 0 0 0 0 1500000 1500000 0 0 0 0 800543 -2849 0 0 0 5199411 5687012 354404 524945 354404 524945 X 4845007 5162067 4845007 5162067 5199411 5687012 317060 X false false false X 0 48497 40619 56050 145166 0 0 0 48497 40619 56050 145166 0 0 145166 97243 36677 4525 138445 0 97243 36677 4525 138445 0 0 145740 77296 60575 283611 X 0.00000 0.00000 Form 990, Part VI, Section B, Line 11b The Board of Directors reviews and reports any necessary corrections or additions to the preparer prior to authorizing the President to sign the authorization to efile the return. Form 990, Part VI, Section B, Line 12c A Conflict of Interest Statement that outlines definitions, duties to disclose, and records and procedures is required to be signed by each Board Member on an annual basis. Form 990, Part VI, Section C, Line 19 Upon request. OSH KATELLA TERRACE LLC 555 S SHAFFER ST ORANGE CA 92866 843301913 CA ORANGE SENIOR HOUSING INC OSH Triangle Terrace LLC 555 Shaffer St Orange CA 92866 813434411 Low-income rental housing CA N/A C Corp false false false false false false false false false false false false false false false false false false false false