2024-11-05T09:39:09-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 300273769 PACIFIC HOUSING DEVELOPMENT INC PACI 2134733030 231 E THIRD STREET G106 LOS ANGELES CA 90013 TAKAO SUZUKI SECRETARY/TREASURER 2134733030 2024-11-04 1 1 CASSIA J HARLEMAN P01086202 3178485700 2023 2024-10-15 13:58:12Z TAKAO SUZUKI 231 E THIRD STREET G106 LOS ANGELES CA 90013 79674 0 X N/A X 2004 CA TO PROVIDE HOUSING FOR LOW-INCOME PERSONS WITH DISABILITIES 4 4 0 0 0 0 55570 58626 19194 19818 9 19 1699 1211 76472 79674 0 0 0 0 0 0 0 0 0 131266 127023 131266 127023 -54794 -47349 1460706 1444290 2293419 2324352 -832713 -880062 TO PROVIDE HOUSING FOR LOW-INCOME PERSONS WITH DISABILITIES 0 0 98399 19818 PACIFIC HOUSING DEVELOPMENT, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA ON FEBRUARY 27, 2004. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 6 UNIT COMMUNITY KNOWN AS PACIFIC HOUSING DEVELOPMENT LOCATED IN MONTEREY PARK, CALIFORNIA, WHICH PROVIDES HOUSING FOR THE HANDICAPPED PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 98399 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 1 2 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X CHRISTIEN TRAN 3238388556 1248 GOODRICH BLVD LOS ANGELES CA 90022 X LLOYD KAJIKAWA PRESIDENT 2.00 X X 0 0 0 TAKAO SUZUKI TREASURER/SECRETARY 2.00 X X 0 0 0 HOI WANG DIRECTOR 0.00 X 0 0 0 KATHY MASAOKA DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 58626 58626 RENTAL INCOME 531110 19818 19818 19818 19 19 LAUNDRY & VENDING 531110 1211 1211 1211 79674 19818 0 1230 9063 9063 663 663 6665 6665 137 137 12759 12759 61315 61315 22018 22018 811 811 MANAGEMENT COMPANY EMPL 13592 13592 127023 98399 28624 0 1029 5272 552 0 3979 5102 1796970 385047 1433940 1411923 19352 20137 1854 1856 1460706 1444290 16877 20770 0 16 1869760 1869760 406782 433806 2293419 2324352 X -832713 -880062 -832713 -880062 1460706 1444290 -47349 0 X X 0 1 X 1 1 1 X 44997 45268 54180 55570 58626 258641 21984 19139 17683 19194 19818 97818 66981 64407 71863 74764 78444 356459 0 0 0 356459 36 86 27 9 19 177 36 86 27 9 19 177 6084 3288 765 1699 1211 13047 73101 67781 72655 76472 79674 369683 0.96420 0.96100 0.00050 0.00060 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 806174 806174 990796 385047 605749 1411923 ACCRUED INTEREST PAYABLE 432086 TENANT SECURITY DEPOSITS 1720 433806 X 79674 0 79674 0 79674 127023 0 127023 0 127023 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 PACIFIC HOUSING DEVELOPMENT, INC. HIRES TELACU PROPERTY MANAGEMENT, INC. AS THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE SPONSOR ENTITY, LTSC COMMUNITY DEVELOPMENT CORPORATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SPONSOR. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF THE SPONSOR, OR IN THE EVENT THE AFORESAID APPROVAL OF THE SPONSOR IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B PACIFIC HOUSING DEVELOPMENT'S OUTSIDE ACCOUNTANTS PREPARE THE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND THE CONTROLLER OF THE PROPERTY MANAGEMENT COMPANY. THE FORM IS THEN SENT TO THE GOVERNING BOARD FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PACIFIC HOUSING DEVELOPMENT INC. (PHDI) REQUIRES ALL EMPLOYEES TO DISCLOSE, AT LEAST ANNUALLY, ALL SOURCES OF INCOME FROM COMPENSATION OR FROM OWNERSHIP OF EVERY OUTSIDE ENTITY THAT (A) SOLD, SUPPLIED OR PROVIDED SERVICES. (B) OPERATED A COMPETING ENTERPRISE OR (C) PROVIDED GOODS OR SERVICES TO PHDI IN THE LAST SIX MONTHS. PHDI ALSO REQUIRES ALL DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING (A) RECEIPT OF PHDI CONFLICT OF INTEREST POLICY (B) UNDERSTANDING OF THE POLICY AND (C) AGREEMENT WITH THE POLICY. PHDI CONFLICT OF INTEREST POLICY DESCRIBES HOW PHDI WILL RESOLVE POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE AS PART OF A PUBLIC GRANT APPLICATION. HOWEVER, THERE IS NO PROCESS FOR MAKING THESE AVAILABLE TO THE PUBLIC. FORM 990, PART XII LINE 2C: PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.