2024-11-14T14:09:22-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 237134096 RETAIL STORE EMPLOYEES BUILDING CORPORATION RETA 4082945380 240 SOUTH MARKET STREET SAN JOSE CA 95113 RON LIND DIRECTOR 4082945380 2024-11-14 1 0 MICHELLE SIEBERT P01672419 3178485700 2023 2024-10-15 13:58:12Z RON LIND 240 SOUTH MARKET STREET SAN JOSE CA 95113 582807 0 X N/A X 1971 CA RETAIL STORE EMPLOYEES BUILDING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED TO PROVIDE RENTAL HOUSING AND RELATED FACILITIES OR THE ELDERLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND WHICH WILL CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.A PARTNERSHIP PURCHASED THE PROJECT AND RETAIL STORE EMPLOYEES BUILDING CORPORATION NOW FUNDS CASA DEL PUEBLO PRESERVATION LIMITED PARTNERSHIP VIA A SELLER SURPLUS CASH NOTE. THE MAIN PURPOSE OF THIS ENTITY ON A GO FORWARD BASIS WILL TO BE A FINANCING ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE PARTNERSHIP. 2 2 0 0 0 0 0 0 530341 472110 0 110697 0 0 530341 582807 0 0 0 0 0 0 0 0 0 7390 102 7390 102 522951 582705 34000490 34583195 0 0 34000490 34583195 X RETAIL STORE EMPLOYEES BUILDING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED TO PROVIDE RENTAL HOUSING AND RELATED FACILITIES OR THE ELDERLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND WHICH WILL CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.A PARTNERSHIP PURCHASED THE PROJECT AND RETAIL STORE EMPLOYEES BUILDING CORPORATION NOW FUNDS CASA DEL PUEBLO PRESERVATION LIMITED PARTNERSHIP VIA A SELLER SURPLUS CASH NOTE. THE MAIN PURPOSE OF THIS ENTITY ON A GO FORWARD BASIS WILL TO BE A FINANCING ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE PARTNERSHIP. 0 0 102 472110 THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE AN APARTMENT COMPLEX CONSISTING OF 165 RENTAL UNITS IN SAN JOSE, CALIFORNIA UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.A PARTNERSHIP PURCHASED THE PROJECT AND RETAIL STORE EMPLOYEES BUILDING CORPORATION NOW FUNDS CASA DEL PUEBLO PRESERVATION LIMITED PARTNERSHIP VIA A SELLER SURPLUS CASH NOTE. THE MAIN PURPOSE OF THIS ENTITY ON A GO FORWARD BASIS WILL BE A FINANCING ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE PARTNERSHIP. 102 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 1 0 1 0 0 0 1 0 0 0 1 0 0 1 0 0 0 CA X RETAIL STORE EMPLOYEES BUILDING CORP 4082945380 240 SOUTH MARKET STREET SAN JOSE CA 95113 X JOHN NUNES FORMER PRESIDENT 1.00 X X 0 0 0 RON LIND DIRECTOR 1.00 X 0 0 0 JOHN FRAHM PRESIDENT 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 FINANCING INCOME 531110 472110 472110 472110 110697 110697 582807 472110 0 110697 102 102 102 102 0 0 16570948 16681543 17429542 17901652 34000490 34583195 0 0 X 34000490 34583195 34000490 34583195 34000490 34583195 582705 0 X 0 0 0 X 566164 565591 571097 530341 472110 2705303 566164 565591 571097 530341 472110 2705303 0 0 0 2705303 110697 110697 110697 110697 89 89 566253 565591 571097 530341 582807 2816089 0.96070 1.00000 0.03930 X FORM 990, PART VI, SECTION A, LINE 3 PRIOR TO ITS SALE IN 2015 AND GOING FORWARD THE MANAGEMENT COMPANY IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE LOW INCOME HOUSING PROJECT, INCLUDING TENANT SELECTION, RENT COLLECTION, HIRING AND SUPERVISION OF EMPLOYEES (ALL SITE STAFF WERE EMPLOYEES OF THE MANAGMENT COMPANY) FACILITY MANAGEMENT, ETC. FORM 990, PART VI, SECTION A, LINE 5 IN MARCH 2023, AN UNAUTHORIZED PARTY ERRONEOUSLY WITHDREW $16,570,000 FROM THE ENTITY'S BANK ACCOUNT WITHOUT THE ENTITY'S CONSENT. UPON IMMEDIATE RECOGNITION OF THE UNAUTHORIZED TRANSFER, THE ENTITY TOOK CORRECTIVE ACTION TO RECOVER THE CASH. THE CASH WAS RETURNED IN OCTOBER 2023 AT WHICH TIME A NEW ACCOUNT WAS OPENED AT A DIFFERENT BANK. THE UNAUTHORIZED PARTY DOES NOT HAVE ACCESS TO THE NEW ACCOUNT, NOR DO THEY HAVE THE ACCOUNT INFORMATION. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT AGENT REVIEWS THE FORM 990. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT MONTHLY BOARD OF DIRECTOR'S MEETING AND SIGNED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE MANAGEMENT AGENT'S OFFICE. UNITED FOOD & COMMERCIAL WORKERS LOCAL 5 240 SOUTH MARKET STREET SAN JOSE CA 94549 208028546 UNION CA 501(C)(5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0