2024-11-14T18:40:49-05:00 2023-12-31 931178074 RICHARD R HARRIS CPA 5257 NE MARTIN LUTHER KING PORTLAND OR 97211 990 2023-01-01 931225261 AVENUE PLAZA AFFORDABLE HOUSING I AVEN 5032873496 1488 NE ALBERTA STREET PORTLAND OR 97211 MARY SCHOEN-CLARK EXECUTIVE DIRECTOR 5032873496 2024-11-14 true false RICK HARRIS P00957412 5032802030 2024-11-14 2023 2024-10-15 13:58:12Z MARY SCHOEN-CLARK 1488 NE ALBERTA PORTLAND OR 97211 313636 false X SABINCDC.ORG X 1996 OR PROVIDING LOW-INCOME HOUSING BY OPERATING AN APARTMENT BUILDING 4 4 0 15 0 0 244384 265218 356 910 47508 244740 313636 0 0 0 0 0 194137 305858 194137 305858 50603 7778 481152 496757 241807 282233 239345 214524 PROVIDING LOW-INCOME HOUSING BY OPERATING AN APARTMENT BUILDING false false 296175 313410 CONTINUED TO OPERATE AND ADEQUATELY MAINTAIN A 22 UNIT MULTIFAMILY APARTMENT BUILDING FOR LOW-INCOME FAMILIES. 296175 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false true false false false false false true false false false true 0 0 0 false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true false false false OR X MARY SCHOEN-CLARK 5032873496 1488 NE ALBERTA PORTLAND OR 97211 X ALEX ALEMAN MEMBER 2.00 X 0 0 0 SAMUEL COLE CHAIR 2.00 X X 0 0 0 JILIAN SAURAGE-FELTON TREASURER 2.00 X X 0 0 0 JUDY SILKE SECRETARY 2.00 X X 0 0 0 false false false RENTAL INCOME 263264 263264 TENANT CHARGES 990 990 LAUNDRY & VENDING INCOME 964 964 265218 910 910 INSURANCE REVENUE FROM FIRE 47508 47508 47508 313636 312726 910 66577 66577 4188 4188 9683 9683 11626 11626 13930 13930 26805 26805 REPAIR AND MAINTENANCE 131259 131259 UTILITIES 18568 18568 DEPRECIATION 14650 14650 MISCELLANEOUS 7925 7925 647 647 305858 296175 9683 0 303355 212193 53728 58968 16286 13837 14277 25055 641917 457799 90274 184118 3232 2586 481152 496757 17253 54607 200380 195689 24174 31937 241807 282233 X 239345 214524 239345 214524 481152 496757 X 7778 -10733 -21866 X false false X 235179 232635 231641 244384 312726 1256565 235179 232635 231641 244384 312726 1256565 1256565 527 505 245 356 910 2543 527 505 245 356 910 2543 235706 233140 231886 244740 313636 1259108 0.99800 0.99820 0.00000 0.00000 X 28236 28236 584401 428519 155882 29280 29280 184118 DISTRIBUTIONS PAYABLE 21866 PREPAID RENT 5317 SECURITY DEPOSITS 4384 ACCRUED INTEREST 370 31937 SABIN COMMUNITY DEVELOPMENT CORP OWNER 24585 PROPERTY MANAGEMENT false SABIN COMMUNITY DEVELOPMENT CORP OWNER 41992 ONSITE MANAGEMENT false SABIN COMMUNITY DEVELOPMENT CORP OWNER 56117 MAINTENANCE PAYROLL false SCHEDULE L, PART V SABIN COMMUNITY DEVELOPMENT CORPORATION (SABIN) IS THE NON-PROFIT SPONSOR / OWNER OF AVENUE PLAZA APARTMENTS. MEMBERS OF SABIN'S BOARD OF DIRECTORS AND SABIN'S EXECUTIVE DIRECTOR ALSO SERVE AS AVENUE PLAZA'S BOARD OF DIRECTORS AND EXCECUTIVE DIRECTOR. SABIN IS ALLOWED TO TAKE DISTRIBUTIONS FROM AVENUE PLAZA TO PROMOTE ITS OWN LOW INCOME HOUSING PROGRAMS. DURING THE YEAR, AVENUE DISTRIBUTED CASH OF 21,866 TO SABIN. ADDITIONALLY, AVENUE PLAZA PAID SABIN 122,694 FOR CERTAIN MANAGEMENT FEES, MAINTENANCE SERVICES AND PAID SEPARATELY FOR REIMBURSEMENT OF CERTAIN EXPENSES. FORM 990, PAGE 6, PART VI, LINE 11B THE EXTERNAL ACCOUNTING FIRM PREPARES FORM 990 AND SUPPLEMENTAL SCHEDULES AS SOON AS POSSIBLE AND FORWARDS A DRAFT OF THE RETURN TO THE EXECUTIVE DIRECTOR AND GOVERNING BOARD FOR REVIEW. THE EXECUTIVE DIRECTOR RECEIVES ALL BOARD MEMBERS' COMMENTS (IF ANY) AND RELAYS THEM TO THE CPA FIRM FOR ANSWERS. ONCE THE EXECUTIVE DIRECTOR AND BOARD HAS APPROVED 990 AND SUPPLEMENTAL SCHEDULES INSTRUCTIONS ARE GIVEN TO THE EXTERNAL ACCOUNTING FIRM TO PREPARE A FINAL VERSION OF THE RETURN FOR SIGNATURE OR ELECTRONIC FILING. THE EXECUTIVE DIRECTOR RECEIVES AN ELECTRONIC COPY OF THE RETURN FOR RECORD KEEPING. EVERY EFFORT WILL BE MADE TO FILE THE RETURN IN A TIMELY MANNER WITH THE INTERAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C 1.CONTRACTS, TRANSACTIONS, OR ARRANGEMENTS OF THE ORGANIZATION IN WHICH A DIRECTOR OR EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST SHALL NOT BE PROHIBITED, BUT THEY SHALL BE SUBJECT TO SCRUTINY. ANY SUCH PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT (COLLECTIVELY, "ARRANGEMENT") IS TO BE REVIEWED TO DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION. 2.FOR THE PURPOSE OF THIS POLICY, A DIRECTOR OR EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST IN A PROPOSED OR EXISTING ARRANGEMENT IF HE OR SHE, OR ONE OF HIS OR HER RELATIVES: A)HAS A SUBSTANTIAL FINANCIAL INTEREST DIRECTLY IN THE PROPOSED OR EXISTING ARRANGEMENT; OR B)HAS A SUBSTANTIAL FINANCIAL INTEREST IN ANY OTHER ORGANIZATION THAT I ( IS A PARTY TO THE PROPOSED OR EXISTING ARRANGEMENT; ) OR II ( IS IN ANY WAY INVOLVED IN THE PROPOSED OR EXISTING ARRANGEMENT, INCLUDING THROUGH THE PROVISION OF SERVICES IN CONNECTION THEREWITH (AN "INVOLVED ORGANIZATION"); OR C)HOLDS A POSITION AS TRUSTEE, DIRECTOR, OFFICER, MEMBER, PARTNER, OR EMPLOYEE IN ANY SUCH PARTY OR INVOLVED ORGANIZATION. A DIRECTOR'S OR EMPLOYEES' FINANCIAL INTEREST WILL BE CONSIDERED SUBSTANTIAL IF IT INVOLVES: A)AN OWNERSHIP OR INVESTMENT INTEREST REPRESENTING MORE THAN 1% OF THE OUTSTANDING SHARES OF A PUBLICLY TRADED COMPANY OR 5% OF THE OUTSTANDING SHARES OR COMPARABLE INTEREST OF A PRIVATELY OWNED COMPANY WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WHICH IS AN INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT; OR B)AN OWNERSHIP OR INVESTMENT INTEREST, WHICH PRODUCES A SIGNIFICANT AMOUNT OF INCOME FOR OR CONSTITUTES A SIGNIFICANT PART OF THE NET WORTH OF THE DIRECTOR OR EMPLOYEE, OR A RELATIVE OF THE DIRECTOR OR EMPLOYEE, IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WHICH IS AN INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT; OR C)A COMPENSATION ARRANGEMENT OF ANY KIND WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WITH ANY INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 DISTRIBUTIONS TO OWNERS -21,866 SABIN COMMUNITY DEVELOPMENT CORP 1488 NE ALBERTA ST PORTLAND OR 97211 943168146 DEVELOPER OR 7 N/A false false false false false false false false false false false false false false false true false true false true SABIN COMMUNITY DEVELOPMENT CORP P 24585 PROPERTY MANAGEMENT SABIN COMMUNITY DEVELOPMENT CORP P 41992 ONSITE MANAGEMENT SABIN COMMUNITY DEVELOPMENT CORP P 56117 REPAIRS & MAINTENANCE