2024-08-15T09:12:30-05:00 2023-09-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-10-01 942814442 NAPA HOUSING FOUNDATION NAPA 9165610323 1300 JEFFERSON ST NAPA CA 94559 BRUCE KETRON PRESIDENT 9615610323 2024-08-14 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-08-13 2022 2024-08-08 14:25:15Z NAPA CREEK MANOR BRUCE KETRON 1300 JEFFERSON ST NAPA CA 94559 1201019 0 X N/A X 1984 CA TO PROVIDE QUALITY LIVING FOR QUALIFIED LOW-INCOME SENIOR CITIZENS IN NAPA CALIFORNIA. 8 8 0 0 0 0 734967 700511 404031 471446 3930 27594 0 1468 1142928 1201019 0 0 0 0 170069 0 0 0 0 811435 1067251 981504 1067251 161424 133768 3362341 3383638 3031080 2918608 331261 465030 TO PROVIDE QUALITY LIVING FOR QUALIFIED LOW-INCOME SENIOR CITIZENS IN NAPA CALIFORNIA. 0 0 974212 472914 TO PROVIDE QUALITY LIVING FOR QUALIFIED LOW-INCOME SENIOR CITIZENS IN NAPA CALIFORNIA. 974212 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 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X BRUCE KETRON 9165610323 1300 JEFFERSON ST NAPA CA 94559 X BRUCE KETRON PRESIDENT 1.00 X X 0 0 0 DAVID FEURY PAST PRESIDENT 1.00 X X 0 0 0 JEAN HASSER SECRETARY 1.00 X X 0 0 0 MICHAEL ARCHER TREASURER 1.00 X X 0 0 0 SCOT CLEVELAND DIRECTOR 1.00 X 0 0 0 BILL HANNA DIRECTOR 1.00 X 0 0 0 JAN LANTERNMAN DIRECTOR 1.00 X 0 0 0 DOROTHY NORTHEY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 700511 700511 RENTAL INCOME 531110 471446 471446 471446 27594 27594 LAUNDRY & VENDING 900099 1211 1211 TENANT CHARGES 900099 257 257 1468 1201019 472914 0 27594 X 71951 71951 3041 3041 21088 21088 238507 238507 3443 3443 150472 150472 481072 481072 97677 97677 1067251 974212 93039 0 122983 5961 54624 4808 3147 21427 40031 5433052 3868798 1661931 1564254 11705 1539487 1715621 3362341 3383638 68187 86826 7 6427 31597 2933503 2793758 29383 0 3031080 2918608 X -1232028 465030 1563289 0 331261 465030 3362341 3383638 133768 1 0 X 0 1 X 1 0 X 711734 722459 737955 734967 700511 3607626 711734 722459 737955 734967 700511 3607626 3607626 10674 10620 5332 3930 27594 58150 1468 1468 3667244 2004294 0.98370 0.99010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2022 AMOUNT: $ 1,211. TENANT CHARGES - 2022 AMOUNT: $ 257. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 140000 140000 5262661 3838407 1424254 30391 30391 0 1564254 ESCROW DEPOSITS 55458 REPLACEMENT RESERVE 664662 RESIDUAL RECEIPTS RESERVE 963904 SECURITY DEPOSITS 31597 1715621 X 1201019 0 1201019 0 1201019 1067251 0 1067251 0 1067251 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS REPORTED ON FORM 990, PART X LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: THE ORGANIZATION 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 YEAR ENDED SEPTEMBER 30, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION 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 3 THE ORGANIZATION IS MANAGED BY THE JOHN STEWART COMPANY, AN UNRELATED PARTY. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD, THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF $66 PER UNIT PER MONTH PLUS BOOKKEEPING FEES OF $10.50 PER UNIT PER MONTH. DURING THE YEAR ENDED SEPTEMBER 30, 2023, MANAGEMENT FEE AND BOOKKEEPING FEES OF $71,951 AND $11,088 WAS INCURRED AND PAID. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEW FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 238,507. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 238,507.