2024-11-05T13:34:24-06:00 2023-12-31 910189318 MOSS ADAMS LLP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2023-01-01 943145210 EASTSIDE RESIDENTIAL OPPORTUNITIES EAST 2069012000 6400 SOUTHCENTER BOULEVARD TUKWILA WA 98188 MIKE DE LUCA CFO 2069012000 2024-10-29 1 0 EMINA O CRESSWELL CPA P01217304 4252597227 2024-10-29 2023 2024-10-15 13:58:12Z MIKE DE LUCA 6400 SOUTHCENTER BOULEVARD TUKWILA WA 98188 273514 0 X WWW.SOUND.HEALTH X 1992 WA OPERATION OF LOW INCOME HOUSING FOR ELDERLY AND INDIVIDUALS WITH HANDICAPPING CONDITIONS. 3 3 0 5 0 0 0 0 263292 273215 9 8 61305 291 324606 273514 0 0 0 0 0 0 0 0 0 381140 279593 381140 279593 -56534 -6079 737632 599028 885671 753146 -148039 -154118 X EASTSIDE RESIDENTIAL OPPORTUNITIES (ERO) IS A WASHINGTON NON-PROFIT CORPORATION, ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING THE JUNIPERWOOD APARTMENTS (PROJECT), A 20-UNIT PROJECT LOCATED IN ISSAQUAH, WASHINGTON. ERO OPERATES UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT PROVIDES LOW INCOME HOUSING DESIGNED TO MEET THE NEEDS OF THE ELDERLY AND PEOPLE WITH HANDICAPPING CONDITIONS, INCLUDING CONTRACTED CASE MANAGEMENT AND SPECIALIZED THERAPEUTIC SERVICES. 0 0 168450 273215 TO OPERATE JUNIPERWOOD APARTMENTS, A 20-UNIT PROJECT LOCATED IN ISSAQUAH, WASHINGTON. THIS PROJECT PROVIDES LOW-INCOME HOUSING DESIGNED TO MEET THE NEEDS OF INDIVIDUALS WITH A MENTAL HEALTH DISABILITY. IT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS. 168450 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MIKE DE LUCA 2069012000 6400 SOUTHCENTER BOULEVARD TUKWILA WA 98188 TOM BOLGER BOARD CHAIR 1.00 12.00 X X 0 0 0 ROGER DOWDY BOARD VICE CHAIR 1.00 12.00 X X 0 0 0 EDDIE PASATIEMPO BOARD VICE CHAIR (THRU 9/23) 1.00 12.00 X X 0 0 0 JEFF WILCOX BOARD TREASURER 1.00 12.00 X X 0 0 0 MEG TAYLOR BOARD TREASURER (THRU 1/23) 1.00 12.00 X X 0 0 0 KATRINA EGNER PRESIDENT AND CEO 1.00 50.00 X 0 308573 24457 MIKE DE LUCA VICE PRESIDENT AND CFO 1.00 50.00 X 0 201935 6058 0 510508 30515 0 0 1 0 0 RENT - JUNIPERWOOD 623990 273215 273215 273215 8 8 MISCELLANEOUS INCOME 900099 291 291 291 273514 273215 0 299 43575 43575 13584 13584 4769 2753 2016 80104 80104 51968 51968 39498 39498 35314 35314 MAINTENANCE & SUPPLIES 8078 8078 BAD DEBT 2703 2703 279593 168450 111143 0 5158 1117 195456 164467 64076 0 1156269 722825 472942 433444 737632 599028 100991 53847 2504 6340 4031 3773 575203 536078 202942 153108 885671 753146 X -148039 -154118 -148039 -154118 737632 599028 -6079 0 X 0 1 X 1 1 1 X 253727 251573 232714 263292 273215 1274521 253727 251573 232714 263292 273215 1274521 0 0 0 1274521 56 14 8 9 8 95 56 14 8 9 8 95 272 525 61305 291 62393 254055 251587 233247 324606 273514 1337009 0.95330 0.95230 0.00010 0.00010 X 0 1 X 292491 292491 820460 686277 134183 43318 36548 6770 433444 RESIDUAL RECEIPTS HUD PAYABLE 20069 RELATED PARTY NOTE PAYABLE 133039 153108 X 270811 0 270811 2703 2703 273514 276890 0 276890 2703 2703 279593 PART IV, LINE 2B: THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REQUIRES THAT AMOUNTS RECEIVED FOR TENANT SECURITY DEPOSITS BE PLACED IN A RESTRICTED BANK ACCOUNT TO BE USED ONLY FOR DEPOSITS RECEIVED AND DISBURSED. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAX IS REFLECTED IN THESE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT ADJUSTMENT 2,703. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT ADJUSTMENT 2,703. 0 0 0 0 0 0 0 0 0 KATRINA EGNER PRESIDENT AND CEO 0 268617 0 39154 0 802 0 9257 0 15200 0 333030 0 0 MIKE DE LUCA VICE PRESIDENT AND CFO 0 200000 0 0 0 1935 0 6058 0 0 0 207993 0 0 PART I, LINE 3: COMPENSATION REVIEW A RELATED ORGANIZATION, SOUND, ANNUALLY REVIEWS COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER; THE CEO ANNUALLY REVIEWS ALL OF THE OTHER OFFICERS INCLUDING CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS AND DIRECTORS LISTED IN PART VII ALSO HOLD OFFICER AND/OR DIRECTOR POSITIONS IN RELATION TO SOME OF THE ORGANIZATION'S RELATED PARTIES. AS SUCH, THEY MAY BE CONSIDERED TO HAVE BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION A, LINE 7A AS STIPULATED IN THE ORGANIZATION'S GOVERNING DOCUMENTS, A MAJORITY OF THE BOARD OF DIRECTORS OF THE ORGANIZATION MUST BE APPOINTED BY SOUND, A RELATED ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE & AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE, UPON ACCEPTANCE OF THE FORM 990, INFORMS THE FULL BOARD OF DIRECTORS OF THE OUTCOME OF THE COMMITTEE'S REVIEW, AND COPIES OF THE FORM ARE DISTRIBUTED TO ALL BOARD MEMBERS. AT THE CONCLUSION OF THIS PROCESS, THE COMMITTEE INSTRUCTS MANAGEMENT TO SUBMIT THE FORM 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EASTSIDE RESIDENTIAL OPPORTUNITIES FOLLOWS SOUND'S (A RELATED TAX EXEMPT ORGANIZATION) CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. THE BOARD OF DIRECTORS IS COVERED BY THE POLICY. PROSPECTIVE BOARD MEMBERS ARE QUESTIONED ON ANY EXISTING AND/OR POTENTIAL CONFLICT OF INTEREST ISSUES DURING THE BOARD MEMBER RECRUITMENT PROCESS. THE BOARD HAS A PRACTICE THAT IT IS THE RESPONSIBILITY OF ALL BOARD MEMBERS TO CONTINUALLY MONITOR AND DISCLOSE ANY NEW OR POTENTIAL CONFLICT OF INTEREST CONCERNS ON AN ONGOING BASIS. WHEN A CONFLICT OF INTEREST OCCURS, THE BOARD DETERMINES IF THERE IS A CONFLICT OF INTEREST, REVIEWS IT, AND DETERMINES IF THE MEMBER(S) INVOLVED SHOULD BE EXCLUDED FROM THE PARTICULAR CONVERSATION OR VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. SOUND 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 910818971 BEHAVIORAL HEALTH SERVICES WA 501(C)(3) LINE 10 N/A 0 SMHI RESIDENTIAL SERVICES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943184024 LONG-TERM INDPENDENT HOUSING FOR LOW-INCOME AND HOMELESS INDIVIDUALS WA 501(C)(3) LINE 10 SOUND 0 CHRISTOPHER HOUSING 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911814362 LOW INCOME HOUSING FOR PEOPLE WITH MULTIPLE NEEDS WA 501(C)(3) LINE 10 SOUND 0 SHIRLEY BRIDGE BUNGALOWS 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 912105328 LOW INCOME HOUSING FOR PEOPLE WITH MULTIPLE NEEDS WA 501(C)(3) LINE 10 SOUND 0 ARBOR HOUSING ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911214649 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 HEATHER APARTMENT ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943221403 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 LAUREL HOUSING ASSOCIATION 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943044660 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 OAK MANOR ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911135733 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 CASCADE CLUSTER APARTMENT ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911704447 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 KATERI HOUSE HOUSING ASSOCIATION 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 200931805 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 VALOR APARTMENT ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 454624834 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 KENYON & BOZEMAN LP 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 261525260 RENTAL REAL ESTATE WA N/A 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0