2024-01-16T10:09:38-08:00 2023-06-30 680199099 SND Partners LLP 3470 Mt Diablo Blvd Suite A300 Lafayette CA 94549 990EZ 2022-07-01 942711709 Colosimo Apartments Inc COLO 4158646432 474 Valencia Street Suite 280 San Francisco CA 94103 SAM MOSS VICE CHAIR 2024-01-04 true SAM MOSS 999009999 true Claude A Persons P00011016 9253762195 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X X N/A X X 48265 X 3525 44740 0 0 0 0 48265 2734 45650 48384 -119 395047 394928 X 433324 475786 433324 475786 38277 80858 395047 394928 TO BENEFIT AND SUPPORT MISSION HOUSING DEVELOPMENT CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, AND ITS PURPOSES IN ACCORDANCE WITH SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE BY (I)PROVIDING DECENT, SAFE AND SANITARY HOUSING AND RELATED FACILITIES AND SERVICES, AND EXPAND ECONOMIC OPPORTUNITIES FOR LOW-INCOME PERSONS; (II) SERVING AS A GENERAL PARTNER (EITHER DIRECTLY OR AS THE SOLE MEMBER OF A LIMITED LIABILITY COMPANY) IN LIMITED PARTNERSHIPS AND SERVING AS THE SOLE OR MANAGING MEMBER IN LIMITED LIABILITY COMPANIES WHICH WILL OWN AND OPERATE HOUSING FOR LOW-INCOME PERSONS AND HOUSEHOLDS DESCRIBED IN (I) ABOVE; (III) BORROWING MONEY AND ISSUING EVIDENCE OF INDEBTEDNESS IN FURTHERANCE OF ANY OR ALL OF THE OBJECTS OF ITS BUSINEES, AND TO SECURE THE SAME BY MORTGAGE, PLEDGE OR OTHER LIEN ON THE CORPORATION'S PROPERTY; AND (IV) LENDING MONEY, AND DOING ANY AND ALL OTHER LAWFUL THINGS IN FURTHERANCE OF THE CHARITABLE PURPOSES OF MHDC. THE CORPORATION SERVES AS A MEMBER OF TWO LIMITED LIABILITY COMPANIES WHICH SERVE AS THE GENERAL PARTNER IN TWO LIMITED PARTNERSHIPS WHICH PROVIDE 238 UNITS OF LOW-INCOME HOUSING FOR LOW-INCOME PERSONS IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS THE GENERAL PARTNER OF A LIMITED PARTNERSHIP WHICH PROVIDES 131 UNITS OF LOW-INCOME HOUSING FOR LOW-INCOME PERSONS IN SAN FRANCISCO, CALIFORNIA. 48384 48384 JON LAYMAN Chairman 0.10 0 SAM MOSS VICE CHAIR 0.10 0 MUSETTA SO Secretary 0.10 0 FERNANDO GOMEZ-BENITEZ CFO 0.10 0 IRVING GONZALES Director 0.10 0 EDDIE AHN Director 0.10 0 false false false false false false false 0 0 0 false 0 0 false CA MHDC 474 VALENCIA STREET SUITE 280 San Francisco CA 94103 4158646432 false false false false false false false false false false false NONE NONE true X X 1 MISSION HOUSING DEVELOPMENT CORP 941753722 7 true 44859 0 1 44859 0 true false false false false false false false false false false false false false false true false Part I: Additional Information PART I, LINE 12G, COLUMNS V & VI:COLOSIMO APARTMENTS, INC. (THE ORGANIZATION) IS A SUPPORTING ORGANIZATION OF MISSION HOUSING DEVELOPMENT CORPORATION (MHDC) WHOSE EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, THE HANDICAPPED AND ELDERLY.IN FURTHERANCE OF MHDC'S EXEMPT PURPOSE, THE ORGANIZATION CURRENTLY SERVES BOTH DIRECTLY AND INDIRECTLY AS A GENERAL PARTNER IN THREE LIMITED PARTNERSHIPS WHICH EITHER CURRENTLY PROVIDE OR ARE DEVELOPING LOW-INCOME HOUSING FOR LOW-INCOME PERSONS IN SAN FRANCISCO, CA. IN ORDER TO MAKE THESE LOW-INCOME HOUSING PROJECTS THAT THE ORGANIZATION IS INVESTED IN VIABLE, CAPITAL CONTRIBUTIONS ARE OCCASIONALLY REQUIRED. DUE TO LACK OF CASH FLOW FOR COLOSIMO APARTMENTS, INC. DURING THE YEAR ENDED JUNE 30, 2022, MHDC CONTRIBUTED $399,339 TO THE SUPPORTING ORGANIZATION WHICH THEY USED TO PASS THROUGH TO THE LIMITED PARTNERSHIPS THEY ARE INVESTED IN. THIS RESULTED IN ZERO CURRENT YEAR MONETARY SUPPORT PROVIDED BY THE SUPPORTING ORGANIZATION TO THE SUPPORTED ORGANIZATION.SINCE CAPITAL CONTRIBUTIONS TO THE LIMITED PARTNERSHIPS ARE NOT NECESSARYILY REQUIRED ON AN ANNUAL BASIS, THERE SHOULD BE MONETARY SUPPORT PROVIDED TO THE SUPPORTING ORGANIZATION IN FUTURE YEARS. Other Expenses.1 PARTNERSHIP MGMT FEES $44556 Other Expenses.2 MISC. TAXES AND LICENSES $740 Other Expenses.3 SHARE OF PS EXPENSE $354 Other Assets.1 PARTNERSHIP MANAGEMENT FEE RECEIVABLE - Beginning $36302 PARTNERSHIP MANAGEMENT FEE RECEIVABLE - Ending $80858 Other Assets.2 INVESTMENT IN PARTNERSHIPS - Beginning $397022 INVESTMENT IN PARTNERSHIPS - Ending $394928 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $1975 Accounts Payable and Accrued Expenses - Ending $0 Total Liabilities.1 - Beginning $0 - Ending $0