2024-03-26T13:53:16-05:00 2023-03-31 410746749 CLIFTONLARSONALLEN LLP 1188 PADRE DRIVE STE 101 SALINAS CA 93901 990 2022-04-01 942465776 INDEPENDENCE SQUARE HOUSING CORPORATION INC INDE 8317246396 1355 MADISON STREET WATSONVILLE CA 95076 ARI PARKER VICE-PRESIDENT 8317246396 2024-03-08 1 ARI PARKER 999009999 1 AUTUMN ROSSI P01404602 8317596300 2024-03-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID JOHNSTON 1355 MADISON STREET WATSONVILLE CA 95076 1998333 0 X N/A X 1977 CA OPERATE APARTMENT COMPLEX AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS. 6 6 13 6 0 0 1516818 1559752 344833 435570 298 3011 0 0 1861949 1998333 0 0 0 0 792579 864720 0 0 0 871908 818756 1664487 1683476 197462 314857 2703836 3023001 121461 125769 2582375 2897232 TO OPERATE A 100 UNIT APARTMENT COMPLEX LOCATED IN WATSONVILLE, CALIFORNIA, AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS THROUGH MORTGAGE FINANCING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). 0 0 1122358 435570 TO OPERATE A 100 UNIT APARTMENT COMPLEX LOCATED IN WATSONVILLE, CALIFORNIA, AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS THROUGH MORTGAGE FINANCING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE ORGANIZATION OPERATES THE APARTMENT COMPLEX UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT, UTILIZING THE HUD SECTION 8 RENT SUBSIDY PROGRAM FOR ELIGIBLE TENANTS. 1122358 1 0 0 0 0 0 0 0 0 0 1 0 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 0 0 1 13 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 CA X DAVID JOHNSTON 8317243814 1355 MADISON STREET WATSONVILLE CA 95076 RAMON GOMEZ PRESIDENT 1.00 X X 0 0 0 BETTY BOBEDA TRUSTEE 1.00 X 0 0 0 GRACE GOMEZ TRUSTEE 1.00 X 0 0 0 EDWARD ACOSTA TREASURER 1.00 X X 0 0 0 TONY GREGORIO TRUSTEE 1.00 X 0 0 0 ARI PARKER VICE PRESIDENT 1.00 X X 0 0 0 DAVID JOHNSTON MGMT AGENT 40.00 X 94500 0 0 94500 0 0 0 0 0 0 0 1559752 1559752 RENTAL REVENUE 532000 427774 427774 LAUNDRY & MISC REVENUE 532000 7796 7796 435570 3011 3011 1998333 435570 0 3011 95400 95400 549279 291135 258144 177888 177888 42153 22342 19811 84135 84135 238 238 57598 112 57486 207770 163058 44712 49609 49609 81977 81977 REPAIRS & MAINTENANCE 279878 279878 SUPPLIES 31066 31066 SECURITY 10872 10872 AUTO EXPENSE 8844 8844 6769 5339 1430 1683476 1122358 561118 0 258736 284900 534657 880907 307 11154 4615479 3996103 662285 619376 1236697 1237818 2703836 3023001 87274 90586 34187 35183 121461 125769 X 2582375 2897232 2582375 2897232 2703836 3023001 314857 0 X X 0 0 0 X 1381389 1428950 1452778 1516818 1559752 7339687 1381389 1428950 1452778 1516818 1559752 7339687 7339687 103 145 256 298 3011 3813 7343500 1961976 0.99950 0.99990 X 117360 117360 3032126 3032126 0 1287974 841160 446814 178019 122817 55202 619376 RESERVE FOR REPLACEMENTS 1202635 TENANT DEPOSITS 35183 1237818 TENANT SECURITY DEPOSITS 35183 35183 FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - PER HUD REGULATIONS A MANAGEMENT AGREEMENT IS NEGOTIATED WITH THE MANAGEMENT AGENT WHO OVERSEES THE OPERATIONS OF THE ESTABLISHMENT. THIS INDIVIDUAL IS NOT CONSIDERED AN EMPLOYEE OF THE ORGANIZATION. DAVID JOHNSTON CURRENTLY ACTS IN THIS ROLE AND WITH THE OVERSIGHT OF THE BOARD AND HUD. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD OF DIRECTORS HAS THE RESPONSIBILITY FOR REVIEWING THE FORM 990 INCLUDING SCHEDULES BEFORE IT IS FILED WITH THE IRS. A DRAFT FORM 990 WILL BE READY FOR REVIEW BY THE BOARD OF DIRECTORS PRIOR TO THE FILING DEADLINE. ALL OF THE QUESTIONS, COMMENTS AND SUGGESTED REVISIONS SET FORTH BY THE BOARD OF DIRECTORS WILL BE DOCUMENTED, ALONG WITH RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. THE FORM 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE MANAGEMENT AGENT IS DETERMINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WHICH IS DOCUMENTED IN THE MANAGEMENT AGENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON INDIVIDUAL REQUEST TO THE MANAGEMENT AGENT. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.