2024-11-13T10:06:42-06:00 2023-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2023-01-01 330496692 HOUSING PARTNERS I INC HOUS 9098900644 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 ANTHONY PEREZ EXECUTIVE DIRECTOR 9098900644 2024-11-13 1 1 JOLANTA TUCK CPA P01340068 9164429100 2024-11-11 2023 2024-10-15 13:58:12Z LEE MCDOUGAL 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 7386416 0 X WWW.HPIINC.ORG X 1991 CA TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING IN THE COUNTY OF SAN BERNARDINO. 5 5 5 1 0 0 3587367 3547960 2708456 2625052 263735 318787 0 894617 6559558 7386416 0 0 0 0 1053466 1151557 0 0 0 6129678 5385099 7183144 6536656 -623586 849760 31179598 31745720 13495465 13496892 17684133 18248828 THE ORGANIZATION'S MISSION IS TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING IN THE COUNTY OF SAN BERNARDINO AND IN PARTNERSHIP WITH THE HOUSING AUTHORITY OF THE COUNTY OF SAN BERNARDINO. 0 0 5882992 3519669 1) DEVELOPER OF 8 UNITS FOR TRANSITIONAL AGED YOUTH IN SAN BERNARDINO. ACQUIRED THE PROPERTY IN 2011.2) AWARDED $1,080,000 IN HOME FUNDS IN 2011 TO REHAB 72 SCATTERED SITE UNITS IN THE COUNTY.3) HPI ENTERED INTO A MASTER AGREEMENT ON JULY 1, 2011 WITH THE CITY OF SAN BERNARDINO'S AFFILIATE NONPROFIT, AFFORDABLE HOUSING SOLUTIONS OF SAN BERNARDINO, INC., TO PROVIDE $700,000 IN HOME FUNDING TO PURCHASE, REHABILITATE AND OCCUPY HOMES. 5882992 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 4 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X ANTHONY PEREZ 9098900644 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 ANTHONY PEREZ EXECUTIVE DIRECTOR 40.00 X 180689 0 0 LEE MCDOUGAL PRESIDENT 1.00 X X 225 0 0 FRED SHORETT VICE PRESIDENT 1.00 X X 225 0 0 EMIL MARZULLO DIRECTOR 1.00 X 225 0 0 KATHRYN MCCOOL DIRECTOR 1.00 X 150 0 0 MARIA RAZO SECRETARY/TREASURER 1.00 X X 0 0 0 181514 0 0 1 0 1 0 0 3547960 3547960 RENTAL REVENUE 531110 2344477 2344477 MANAGEMENT FEE REVENUE 531110 163925 163925 DEVELOPER FEE REVENUE 531110 102562 102562 PARTNERSHIP INCOME 531110 14088 14088 2625052 318787 318787 PROPERTY TAX REFUNDS 531110 866015 866015 LAUNDRY & VENDING 531110 9547 9547 19055 19055 894617 7386416 3519669 0 318787 181514 163363 18151 737739 663965 73774 3103 2793 310 188788 169909 18879 40413 36372 4041 347393 312654 34739 21498 19348 2150 77454 69709 7745 155899 140309 15590 2177 1959 218 51726 46553 5173 89117 80205 8912 2776057 2498452 277605 69995 62996 6999 453076 407768 45308 50570 45513 5057 RESIDUAL RECEIPTS FEE 755854 680269 75585 BAD DEBT EXPENSE 244720 220248 24472 LOSS ON INVESTMENTS 219273 197346 21927 TAXES & LICENSES 21936 19742 2194 48354 43519 4835 6536656 5882992 653664 0 1774634 2163013 846067 1092388 16592401 17298727 739 417253 358758 16911242 5662013 11641332 11249229 -239152 -564288 147063 147154 31179598 31745720 2131729 2008428 28207 37144 273038 11118591 11178282 216938 0 13495465 13496892 X 17684133 18248828 17684133 18248828 31179598 31745720 849760 -285065 0 X 0 1 X 1 1 1 X 4536478 3684722 3588788 3587367 3547960 18945315 3809208 3012529 2707650 2708456 2626052 14863895 8345686 6697251 6296438 6295823 6174012 33809210 0 0 0 33809210 259411 258485 258737 263735 318787 1359155 259411 258485 258737 263735 318787 1359155 894617 894617 8605097 6955736 6555175 6559558 7387416 36062982 0.93750 0.96540 0.03770 0.03460 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PROPERTY TAX REFUNDS - 2023 AMOUNT: $ 866,015. LAUNDRY AND VENDING - 2023 AMOUNT: $ 9,547. OTHER INCOME - 2023 AMOUNT: $ 19,055. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3126452 3126452 12453950 5659193 6794757 8169 2820 5349 1322671 1322671 11249229 X PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE. PART X, LINE 2: HPI NON-PROFIT IS EXEMPT FROM STATE AND FEDERAL INCOME TAXES UNDER SECTION 23701D OF THE STATE OF CALIFORNIA CODE AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HPI NON-PROFIT DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. THEREFORE, HPI NON-PROFIT HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, HPI NON-PROFIT HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH ACCOUNTING STANDARDS, WHICH PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT UNCERTAIN TAX POSITIONS TAKEN BY AN ORGANIZATION, MANAGEMENT BELIEVES THAT ALL OF THE POSITIONS TAKEN BY HPI&A IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR TAXES AND HPI&A HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY HPI&A ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. HPI&A'S CALIFORNIA TAX RETURNS FOR THE PRIOR FOUR PERIODS REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. 0 0 0 0 0 0 0 0 0 ANTHONY PEREZ EXECUTIVE DIRECTOR 154119 0 0 0 26570 0 0 0 0 0 180689 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY FINANCE STAFF AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND APPROVES THE POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 A SUB-COMMITTEE MADE UP OF TWO HPI BOARD MEMBERS OVERSEES THE ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR AND PROVIDES A RECOMMENDATION TO THE FULL HPI BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE (REQUESTS CAN BE MADE THERE). DESERT HAVEN HPI LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 831485152 AFFORDABLE HOUSING CA 0 -11473 HOUSING PARTNERS I INC GOLDEN APARTMENTS HPI LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 821837923 AFFORDABLE HOUSING CA 0 -11387 HOUSING PARTNERS I INC HPI BLOOMINGTON II LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 474367886 AFFORDABLE HOUSING CA -5042 256973 HOUSING PARTNERS I INC HPI BLOOMINGTON III LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 834411646 AFFORDABLE HOUSING CA -10500 178179 HOUSING PARTNERS I INC HPI BLOOMINGTON LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 464955038 AFFORDABLE HOUSING CA -3737 62436 HOUSING PARTNERS I INC HPI DAY CREEK VILLAS LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 833265435 AFFORDABLE HOUSING CA 0 -8937 HOUSING PARTNERS I INC HPI FONTANA SIERRA AVE LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 811424662 AFFORDABLE HOUSING CA -5309 202678 HOUSING PARTNERS I INC HPI HORIZONS AT YUCAIPA LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 474907181 AFFORDABLE HOUSING CA 0 -19169 HOUSING PARTNERS I INC HPI JACKSON LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 832217905 AFFORDABLE HOUSING CA 0 -19791 HOUSING PARTNERS I INC HPI LAS TERRAZAS COLTON LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 815382962 AFFORDABLE HOUSING CA 0 -9093 HOUSING PARTNERS I INC HPI LOMA LINDA PROSPECT LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 474660441 AFFORDABLE HOUSING CA 0 -17313 HOUSING PARTNERS I INC HPI RIALTO LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 812577738 AFFORDABLE HOUSING CA 0 -15444 HOUSING PARTNERS I INC HPI VALENCIA GROVE LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 460721272 AFFORDABLE HOUSING CA -4025 6343 HOUSING PARTNERS I INC HPI VDS LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 800780236 AFFORDABLE HOUSING CA -1183882 13804892 HOUSING PARTNERS I INC LOMA LINDA VETERAN PARTNERS LLC 715 EAST BRIER ROAD SAN BERNARDINO CA 92408 811534597 AFFORDABLE HOUSING CA 0 343412 HOUSING PARTNERS I INC DESERT HAVEN VICTORVILLE LP 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 831501410 AFFORDABLE HOUSING CA DESERT HAVEN HPI LLC RELATED -356449 3164612 0 1 0.50000 GOLDEN APARTMENTS SAN BERNARDINO LP 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 822802782 AFFORDABLE HOUSING CA GOLDEN APARTMENTS HPI LLC RELATED -226621 3667289 0 1 0.50000 HPI PROPERTY ACQUISITION LLC 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 272011695 AFFORDABLE HOUSING CA HOUSING PARTNERS I INC RELATED 223011 5565232 0 1 0.51000 REDLANDS VALENCIA GROVE I ASSOC LP 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 460715956 AFFORDABLE HOUSING CA HPI VALENCIA GROVE LLC RELATED -48 1094784 0 1 0.00010 SUMMIT PLACE LLC 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 900737853 AFFORDABLE HOUSING CA HOUSING PARTNERS I INC RELATED -11 635 0 1 0.00010 SUMMIT WALK LLC 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 452596975 AFFORDABLE HOUSING CA HOUSING PARTNERS I INC RELATED -17 667 0 1 0.00010 UHC 00539 YUCAIPA LP 2000 E FOURTH ST STE 205 SANTA ANA CA 92705 272114627 AFFORDABLE HOUSING CA HPI HORIZONS AT YUCAIPA LLC RELATED -25 347285 0 1 0.00010 WALL AVENUE LLC 715 EAST BRIER DRIVE SAN BERNARDINO CA 92408 900749178 AFFORDABLE HOUSING CA HOUSING PARTNERS I INC RELATED -2 77 0 1 0.00010 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0