2024-05-29T04:33:29-05:00 2023-06-30 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2022-07-01 953900336 KOREAN FAMILY HOUSING CORPORATION KORE 5306026901 6738 GREENBAY ROAD ARBUCKLE CA 95912 EUGENE NOH PRESIDENT 5306026901 2024-05-15 1 EUGENE NOH 999009999 0 JOLANTA TUCK CPA P01340068 9164429100 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PLEASANT HILLS HOMES EUGENE NOH 6738 GREENBAY ROAD ARBUCKLE CA 95912 405862 0 X N/A X 1983 CA TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY 3 3 0 3 0 0 219696 208146 168678 194665 42 501 11600 2550 400016 405862 0 0 0 0 35100 0 0 0 0 462451 335354 497551 335354 -97535 70508 839790 816166 3245497 3151365 -2405707 -2335199 TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY 0 0 306919 194665 PROVIDED QUALITY LIVING FOR LOW-INCOME SENIOR CITIZENS IN A 24-UNIT APARTMENT PROJECT LOCATED IN LOS ANGELES, CALIFORNIA 306919 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 1 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 CA X HDSI MANAGEMENT INC 3232311107 3460 SOUTH BROADWAY LOS ANGELES CA 90007 X ERNEST NOH TREASURER 1.00 X X 0 0 0 EUGENE NOH PRESIDENT 1.00 X X 0 0 0 OTTO NOH VICE PRESIDENT 0.50 X X 0 0 0 0 0 0 0 0 0 0 0 208146 208146 RENTAL REVENUE, NET 531110 194665 194665 194665 501 501 LAUNDRY & VENDING 900099 2550 2550 2550 405862 194665 0 3051 54756 40356 14400 14035 14035 4761 4761 144997 144997 49634 49634 REPAIRS & MAINTENANCE 58310 58310 BAD DEBT EXPENSE 8861 8861 335354 306919 28435 0 24350 89970 104377 94931 16933 18152 2421323 1928699 494086 492624 200044 120489 839790 816166 84040 77052 6671 10153 6707 6718 3148079 3057442 3245497 3151365 X -2405707 -2335199 -2405707 -2335199 839790 816166 70508 0 X 0 1 X 1 0 X 222940 213601 231695 219696 208146 1096078 136722 143728 150684 168678 194665 794477 359662 357329 382379 388374 402811 1890555 0 0 0 1890555 84 80 50 42 501 757 84 80 50 42 501 757 4551 3690 11600 2550 22391 359746 361960 386119 400016 405862 1913703 0.98790 0.98920 0.00040 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 325464 325464 2005813 1845677 160136 90046 83022 7024 492624 RESERVE FOR REPLACEMENTS 63730 RESIDUAL RECEIPTS RESERVE 18703 ESCROW DEPOSITS 30631 TENANT DEPOSITS 7425 120489 X 423769 17907 17907 405862 0 405862 353261 17907 17907 335354 0 335354 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS IN TRUST IN ACCORDANCE WITH RENTAL ARRANGEMENTS. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 2 EUGENE NOH, ERNEST NOH AND OTTO NOH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION OWNS HUD-ASSISTED RENTAL APARTMENTS. IT IS REQUIRED TO RETAIN A HUD-APPROVED PROPERTY MANAGEMENT COMPANY SPECIALIZING IN AFFORDABLE HOUSING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO MANAGMENT AND EACH MEMBER OF THE BOARD OF DIRECTORS. THE PRESIDENT AND TREASURER REVIEW THE RETURN BEFORE FILING THE GOVERNMENT COPY WITH THE IRS. ANY QUESTIONS AND INQUIRIES DURING THE REVIEW PROCESS ARE COMMUNICATED TO THE PREPARER AND RESOLVED. THE PRESIDENT SIGNS THE RETURN FOR FILING AFTER REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S MANAGING AGENT, COMMUNITY HOUSING MANAGMENT SERVICES, IS THE CUSTODIAN OF GOVERNING DOCUMENTS AND FINANCIAL RECORDS AND UPON REQUEST CAN MAKE THEM AVAILABLE TO THE PUBLIC. AS NOTED IN SECTION B, QUESTION 12A, THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY AND, AS SUCH, IT CANNOT BE PROVIDED FOR PUBLIC INSPECTION.