2024-11-15T00:43:46-06:00 2023-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2023-01-01 770282660 ROTARY PLAZAHACSC HDC INC ROTA 4082758770 505 W JULIAN STREET SAN JOSE CA 95110 PRESTON PRINCE PRESIDENT 4082758770 2024-11-12 1 0 SHERMAN LEONG P00513747 4159579999 2023 2024-10-15 13:58:12Z PRESTON PRINCE 505 W JULIAN STREET SAN JOSE CA 95110 3302404 0 X N/A X 1991 CA THE ORGANIZATION OPERATED HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILES. 3 0 0 0 0 0 0 0 3379295 3287789 733 14615 0 0 3380028 3302404 0 0 0 0 0 0 0 0 0 2678635 3262257 2678635 3262257 701393 40147 19303183 18705479 12674313 12036462 6628870 6669017 X TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING. 0 0 3248781 3287789 ON APRIL 19, 2013, ROTARY PLAZA ACQUIRED MORRONE GARDENS APARTMENTS (MORRONE GARDENS), A 102-UNIT AFFORDABLE HOUSING COMPLEX FOR THE ELDERLY LOCATED IN SAN JOSE, CALIFORNIA FROM MORRONE GARDENS ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP, OF WHICH ROTARY PLAZA WAS THE GENERAL PARTNER.ROTARY PLAZA WAS THE GENERAL PARTNER OF HUFF AVENUE ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP FORMED ON MARCH 7, 1994, WHICH OWNED AND OPERATED A 72-UNIT AFFORDABLE HOUSING COMPLEX LOCATED IN SAN JOSE, CALIFORNIA, OPERATING UNDER THE NAME OF HUFF GARDENS APARTMENTS (HUFF GARDENS). ON DECEMBER 11, 2015, HUFF GARDENS WAS TRANSFERRED TO HUFF AVENUE LLC, A LIMITED LIABILITY COMPANY FORMED ON JULY 3, 2014. ROTARY PLAZA IS THE SOLE MEMBER OF HUFF AVENUE LLC. 3248781 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 CA X THE ORGANIZATION 4082758770 505 W JULIAN STREET SAN JOSE CA 95110 PRESTON PRINCE PRESIDENT 1.00 39.00 X X 0 415956 66209 RUSSELL BRUNSON VICE PRESIDENT/SECRETARY 1.00 39.00 X X 0 280329 16541 FLAHERTY WARD VICE PRESIDENT/TREASURER 1.00 39.00 X X 0 262017 37901 ALELI SANGALANG VICE PRESIDENT/TREASURER 1.00 39.00 X X 0 465270 27877 0 1423572 148528 0 0 1 0 0 RENTAL INCOME 531110 3262811 3262811 OTHER REVENUE 531110 24978 24978 3287789 14615 14615 3302404 3287789 0 14615 13476 13476 316214 316214 557820 557820 OPERATING & MAINTENANCE 857635 857635 ADMINISTRATION 772080 772080 UTILITIES 313207 313207 LOSS ON RETIREMENT OF F 213098 213098 218727 218727 3262257 3248781 13476 0 7325718 6962280 195794 134427 44918 65064 13926826 4811841 9049483 9114985 2687270 2428723 19303183 18705479 163745 230158 15458 55079 11686310 10932637 808800 818588 12674313 12036462 X 6628870 6669017 6628870 6669017 19303183 18705479 40147 0 X X 0 1 X 1 0 X 2878155 3019657 3218496 3379295 3287789 15783392 2878155 3019657 3218496 3379295 3287789 15783392 0 0 0 15783392 994 674 658 733 14615 17674 994 674 658 733 14615 17674 2879149 3020331 3219154 3380028 3302404 15801066 0.99890 0.99980 0.00110 0.00020 X 2981577 2981577 10945249 4811841 6133408 9114985 REPLACEMENT RESERVE 880924 TENANT SECURITY DEPOSITS 141728 IMPOUND DEPOSITS 52575 CONSTRUCTION IN PROGRESS 369313 DEBT SERVICE RESERVE 452040 OTHER RESERVE 70334 RIGHT-OF-USE ASSET-OPEARTING LEASE 461809 2428723 INTEREST PAYABLE 192585 RELATED-PARTY PAYABLE 960 TENANT DEPOSITS 141728 OPERATING LEASE LIABILITY 483315 818588 X PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE TAX AND INFORMATION RETURNS FOR THE YEARS 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. 0 0 0 0 0 0 0 0 0 ALELI SANGALANG VICE PRESIDENT/TREASURER 0 150265 0 0 0 315005 0 13321 0 14556 0 493147 0 0 PRESTON PRINCE PRESIDENT 0 396127 0 0 0 19829 0 29255 0 36954 0 482165 0 0 FLAHERTY WARD VICE PRESIDENT/TREASURER 0 261125 0 0 0 892 0 12947 0 24954 0 299918 0 0 RUSSELL BRUNSON VICE PRESIDENT/SECRETARY 0 266487 0 0 0 13842 0 12947 0 3594 0 296870 0 0 PART I, LINE 3 WRITTEN EMPLOYMENT CONTRACTS WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED. FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE DIRECTORS/OFFICERS ARE SCCHA EMPLOYEES AND SERVE ON OTHER AFFILIATE BOARDS TOGETHER. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A THIRD PARTY PROPERTY MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE SCCHA FINANCE DEPARTMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE THREE MEMBERS OF THE BOARD, WHO ARE HOUSING AUTHORITY EMPLOYEES, ARE BOUND BY THE HOUSING AUTHORITY POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR MAINTAIN ANY EMPLOYEES. ALL OFFICERS ARE COMPENSATED BY THE RELATED ORGANIZATION, SCCHA. BOARD OF DIRECTORS REVIEWS AND APPROVES EXECUTIVE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND THROUGH WEBSITE/BOARD MEETINGS. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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