2024-10-08T14:17:22-07:00 2022-12-31 813709413 HOFFMAN SHORT RUBIN DEWINTER SANDERSON 1037 PARK VIEW DR COVINA CA 91724 990 2022-01-01 954313200 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENT DEEP 2134411900 400 WEST 9TH STREET 100 LOS ANGELES CA 90015 JOANNE YOKOTA President 2024-10-08 true true Joanne Hoffman P00364437 6269320100 X 2022 2024-10-15 13:58:12Z 400 WEST 9TH STREET 100 LOS ANGELES CA 90015 2515564 false X N/A X 1990 CA THE ORGANIZATION DEVELOPS, OWNS AND OPERATES HOUSING FOR FAMILIES WITH LOW AND VERY LOW INCOME. IT IS ALSO A SINGLE MEMBER IN MASON COURT, LLC, RESULTS OF ITS OPERATION IS INCLUDED AS NET IN PART VIII - STMT OF REVENUE. 5 4 3 0 1880 2500 1612763 1889751 1116790 623313 0 2731433 2515564 0 0 229582 238641 0 0 1774931 2003608 2004513 2242249 726920 273315 60454029 63455654 41623560 44351870 18830469 19103784 THE ORGANIZATION DEVELOPS, OWNS AND OPERATES HOUSING FOR FAMILIES WITH LOW AND VERY LOW INCOME. false false 2233092 DEVELOPING, OWNING AND OPERATING LOW INCOME HOUSING PROJECTS FOR TENANTS WHO ARE LIVING AT LOW OR VERY LOW INCOME LEVELS, WHICH IS AN INTEGRAL PART OF DEEP GREEN HOUSING AND COMMUNITY DEVELOPMENT'S PROGRAMS. 2233092 true false false true false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 0 0 false 3 true false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true false false false true true true true true false false false false CA X JOANNE YOKOTA 2134411900 400 WEST 9TH STREET 100 LOS ANGELES CA 90015 ZOE ELLAS Executive Dir. 40.00 0.00 X 85000 0 0 CLINTON ROSEMUND Director 1.00 0.00 X 0 0 0 SHEILA GRISHAM Director 1.00 0.00 X 0 0 0 MONICA VILLACORTA Director 1.00 0.00 X 0 0 0 JOANNE YOKOTA President 4.00 0.00 X 0 0 0 85000 0 false false false 0 2500 2500 INT. INC. NOTE REC PART. 1315854 1315854 MANGEMENT FEES 86002 86002 PARTNERSHIP FEES 321332 321332 PARTNRSHPS INTRESTS(LOSS) 66404 66404 RESIDENT SERVICE FEES 60000 60000 40159 40159 1889751 88 88 623225 623225 0 0 0 0 0 0 0 2515564 2513064 0 0 0 0 85000 76500 8500 0 116580 116580 0 21472 21472 15589 14932 657 0 3500 3500 0 0 0 0 38367 38367 0 5660 5660 0 0 0 0 0 0 1471424 1471424 0 154784 154784 10896 10896 PROJECT EXPENSES 313547 313547 TAX & LICENSE 3541 3541 MISCELLANEOUS 1126 1126 TRAINING 475 475 288 288 2242249 2233092 9157 0 179734 139769 626392 170672 0 56871 67824 0 0 34242125 36826980 0 556 0 4916490 1717158 3354116 3199332 0 0 0 0 21994235 23051077 60454029 63455654 27496 45185 4302 3830 29987301 31256302 11604461 13046553 41623560 44351870 X 18830469 19103784 18830469 19103784 60454029 63455654 273315 X false true X true true true X 4203054 38044 9320 1880 2500 4254798 1525649 1597743 1726953 1612763 1889751 8352859 0 0 0 5728703 1635787 1736273 1614643 1892251 12607657 0 0 12607657 77 387 771153 1116790 623313 2511720 0 77 387 771153 1116790 623313 2511720 0 0 5728780 1636174 2507426 2731433 2515564 15119377 0.83390 0.86450 0.16610 0.13550 X false false false false false false false false true false false false false 641537 641537 4256997 1699202 2557795 15217 15217 2739 2739 3199332 CASH RESTRICTED - BOARD DESGINATED 88714 CASH RESTRICTED - CONSTRUCTION 39570 DUE FROM AFFILATE 1343108 INVEST IN LOW INCOME HSG PARTNERSHIP 17785685 PREDEVELOPMENT LOAN 3794000 23051077 ACCRUED CONSTRUCTION COSTS 33443 ACCRUED INTEREST PAYABLE 12272285 DUE TO AFFILIATES 541107 LINE OF CREDIT 124794 NOTE PAYABLE - BEYOND SHELTER 59722 TENANT SECURITY DEPOSIT 15202 13046553 2515564 2515564 2515564 2242249 2242249 2242249 Form 990, Part VI, Section B, Line 11b DRAFT COPY OF THE THE TAX RETURN WAS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 12c THE EMPLOYEES ARE PROVIDED A HANDBOOK THAT OUTLINES THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO ADHERE TO IT. Form 990, Part VI, Section C, Line 19 The Organization's Executive Director maintains the custody of its governing documents and financial record at the corporate office and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization has a written conflict of interest policy and can provided for public inspection by the Organization itself. Statement Note 1 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEET PART X - LINE (7) Beginning End of year of yearNotes and Loans receivable consists of the following:$1,476,137 nonrecourse note receivable from Main StreetHousing, LP, dated April 1, 1998; consisting of $1,175,137 at 5.0% interest per annum; and $301,000 at 6.73% interest per annum; maturing Augsut 8, 2037. $ 1,476,137 $ 1,476,1377% nonrecourse note receivable from Gilroy AffordableBuilders and Investors, Inc., dated April 30, 2015; maturing May 1, 2018. 13,999,000 13,999,0005% nonrecourse note receivable from Wasilla PacificAssociateS (Vista Rose Phase I), dated May 20, 2016; maturing June 1, 2046. 1,170,000 1,170,0005% nonrecourse note receivable from Wasilla PacificAssociateS (Vista Rose Phase I), dated May 20, 2016; maturing June 1, 2056. 300,000 300,0005% nonrecourse note receivable from Wasilla PacificAssociates II (Vista Rose Phase II), dated August 29, 2017; maturing August 29, 2047. 750,000 750,0005% nonrecourse note receivable from Wasilla PacificAssociates II (Vista Rose Phase II), August 29, 2017; maturing August 29, 2047. 719,937 719,9372.5% nonrecourse note receivable from Palmer PacificAssociates (Whispering Winds Phase I), dated August 30, 2018; maturing September 1, 2048. 1,125,215 1,251,3502.5% nonrecourse note receivable from Palmer PacificAssociates (Whispering Winds Phase I), dated August 30, 2018; maturing August 30, 2048. 1,118,172 1,242,4132.5% nonrecourse note receivable from Palmer PacificAssociates II (Whispering Winds Phase II), dated May 8, 2019; maturing September 1, 2058 450,000 500,0002.5% nonrecourse note receivable from Palmer PacificAssociates II (Whispering Winds Phase II), dated May 8, 2019; maturing September 1, 2058 287,814 319,7932.5% nonrecourse note receivable from Wasilla PacificAssociates III(Aspen Pines), dated August 4, 2020, maturing September 1, 2060 - 191,0642.5% nonrecourse note receivable from Wasilla PacificAssociates III(Aspen Pines), dated August 4, 2020, maturing September 1, 2060 - 995,9581% nonrecourse deferred note receivable from 7th & Witmer, LP.,dated December 19, 2017; maturing June 30, 2036 3,482,907 3,482,907TOTAL NOTES RECEIVABLE 25,129,558 26,398,559DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEET PART X - LINE (7)- (continued) Accrued Interest 9,112,567 10,428,421TOTAL NOTES AND LOANS RECEIVABLE $ 34,242,125 $ 36,826,980 Statement Note 2 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 / SCHEDULE D PART IX - LINE (2) Beginning End of year of yearInvestment in Low Income Housing consists of the following:Coronado Place Associates, LP $ 242,454 $ 242,820671 Coronado Street, LP 28,085 28,039Main Street Housing, LP (9,431) (9,431) Casa Carondelet, LP (18,714) (19,560) Monterey Park Senior Village, LP 1,270,335 1,269,980El Centro Senior Villas, LP 347,969 347,991Victoria Manor Senior Apts, LP (1,817) (1,817)Broadway Village I, LP (33,406) (33,418)Broadway Village II, LP 2,753 2,703Los Flores Housing, LP - -DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 / SCHEDULE D PART IX - LINE (2) - (continued)Imperial Highway Apts, LP (172) (176)Samoa Avenue Housing (154) (169)Sonora Vista Apts, LP - -Slauson Station Apts, LP (213,853) (221,876) Swansea Apts, LP (310,195) (310,190)Swansea II Apts, LP (24 (36)Swansea Park Senior - Phase II 604 569Central Village Apts, LP 63,211 63,147Hollydale, LP (270) (270) 11515 S. Budlong Limited Partners, LP (77,560) (79,324)9th & Grand Limited Partners, LP (89,219) (88.859)Palmer Pacific Associates, LP (121) (139)Palmer Pacific Associates II, LP (121) (132)Chestnut Family Apts, LP (16) (14)Gilroy Affordable Housing B&I, Inc 15,895,790 16,596,060Wasilla Pacific Associates, LP (1) (1)Wasilla Pacific Associates - Phase II (90) (108)Wasilla Pacific Associates - Phase III - (104) TOTAL $ 17,096,057 $ 17,785,685 Statement Note 3 DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEETPART X - LINE (23) Beginning End of year of yearMortgages & Notes Payable consists of the following:Nonrecourse residual receipt note payableb to the Cityof Los Angeles, collaterilized by the related notereceivable from Main Street Housing, L.P.: dated April 1, 1998; maturing August 8, 2037. $ 1,476,137 $ 1,476,137DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEETPART X - LINE (23)- (continued)3% Nonrecourse residual receipt note payable to the Community Development Commission of the County of Los Angeles (CDC); dated March 15, 2007; secured by land and building; maturing March 15, 2037. 2,452,544 2,452,5443% Nonrecourse note payable to the Community Development Commission of the County of Los Angeles; dated November 17, 2010; secured by deed of trust; to beforgiven seven years after initial occpancy of Mason Court,a related project of the Organization. 680,872 680,8723% Nonrecourse note payable to the Housing Authority ofthe County of Los Angeles (HACoLA); dated March 2, 2010; secured by deed of trust; maturing June 1, 2067. 1,724,637 1,724,637 7% Nonrecourse residual receipt note payable to Alexis Gevorgian, Trustee of AMG and Associates Retirement Trust, collateralized by the related note receivable from Gilroy Affordable Housing Builders and Investors, Inc., dated April 30, 2015; maturing May 1, 2018. 13,999,000 13,999,000 5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites, dated May 20, 2016; maturing June 1, 2046. 1,170,000 1,170,0005% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites,dated May 20, 2017; maturing June 1, 2056. 300,000 300,0005% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites II, dated August 29, 2017; maturing August 29, 2047. 750,000 750,0005% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites II, dated August 29, 2017; maturing August 29, 2047. 719,937 719,9372.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites III, dated August 4,2020; maturing September 1, 2060. - 191,064DEEP GREEN HOUSING & COMMUNITY DEVELOPMENTFEIN 95-4313200FORM 990 - BALANCE SHEETPART X - LINE (23) Beginning End of year of year2.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Wasilla Pacific Assocaites III, dated August 4,2020; maturing September 1, 2060. - 995,958 2.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites I, dated August 30, 2018; maturing September 1, 2048. 1,125,215 1,251,3502.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites I, August 30, 2018; maturing August 30, 2048. 1,118,172 1,242,4132.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites II, May 8, 2019; maturing September 1, 2058. 450,000 500,0002.5% Nonrecourse residual receipt note payable to Alaska Housing Finance Corporation (AHFC), collateralized by the related note receivable from Palmer Pacific Assocaites II, May 8, 2019; maturing September 1, 2058. 287,814 319,793Non-interest bearing note payable to Department ofHousing and Community Development (HCD), for thedevelopment and offsite improvements of 7th & Witmer Project, dated December 19, 2017; maturing June 30,2036. 3,361,637 3,482,597 TOTAL MORTGAGES AND NOTES PAYABLE $ 29,987,301 $ 31,256,302 MASON COURT LLC 400 W 9th STREET SUITE 100 LOS ANGELES CA 90015 263678612 LOW INCOME HOUSING RENTAL PROPERTY CA -18837 3376192 DEEP GREEN HOUSING AND COMMUNITY DEV GILROY AFFORDABLE HOUSING B&I INC 700 N CENTRAL AVE STE 310 GLENDALE CA 91208 473933871 LOW INCOME HOUSING CA DEEP GREEN HSG & COM S Corp 700270 16596060 0.99938 false false false false false false false false false false false false false false false false false false false false