2024-11-04T19:35:53-08:00 2023-12-31 462989917 SINAMBAL&REYES CPAS INC 2230 W CHAPMAN AVE SUITE 146 ORANGE CA 92868 990 2023-01-01 954582657 Sunset Apartments Housing Corporation SUNS 2137472790 1038 Venice Boulevard Los Angeles CA 90015 GLORIA FARIAS Executive Director 2137472790 2024-05-04 true true PETER J SINAMBAL P00060197 7142707834 2024-11-04 2023 2024-10-15 13:58:12Z Gloria Farias 1038 Venice Blvd Los Angeles CA 90015 2267222 false X N/A X 1996 CA Providing affordable housing to persons with low income. 3 3 0 3 0 0 0 667869 627950 1197 1214 1638058 669066 2267222 0 0 67598 65134 0 0 596677 574839 664275 639973 4791 1627249 3120383 4859834 825129 937331 2295254 3922503 Providing affordable housing to persons with low income. false false 625117 0 2267222 To provide affordable housing to low income families and individuals. 625117 true false false false false false false false false false true false false true true true 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 false true false false false true 0 0 0 false false false false false false false false false false false false false false X 3 3 false true false false false false false true false false false true false false false false false false CA X Sunset Apartments Housing Corporation 2137472790 1038 W Venice Blvd Los Angeles CA 90015 X Gloria Farias Executive Director 2.00 X 0 0 0 Theresa Boutte President/CEO 1.00 X X 0 0 0 Carlos Ludena Secretary 1.00 X X 0 0 0 Carole Young CFO/Treasurer 1.00 X X 0 0 0 false false false X Rent-low inc housing 531110 627950 0 0 627950 1214 0 0 Loss of Rent due to Fire Damage 531111 133808 133808 0 0 Casualty gain or loss - Fire Damaged 999999 1504250 1504250 0 0 1638058 2267222 2267222 0 0 57436 57436 0 0 5263 5263 0 0 2435 2435 0 0 30967 30967 0 0 3356 3356 0 0 14856 0 14856 0 26430 26430 0 0 61042 61042 0 0 53216 53216 0 0 Repairs/Maintenance 228102 228102 0 0 Utilities 91748 91748 0 0 Garbage collection 30294 30294 0 0 Property taxes 5795 5795 0 0 29033 29033 0 0 639973 625117 14856 0 21835 41689 21981 21983 136397 354083 21016 21927 2846927 1391524 1730482 1455403 1188672 2964749 3120383 4859834 74138 510390 750991 426941 825129 937331 X 2295254 3922503 2295254 3922503 3120383 4859834 1627249 X X false true X false true true X 0 0 663393 663559 663442 667869 761758 3420021 0 0 0 663393 663559 663442 667869 761758 3420021 0 0 0 3420021 1844 469 528 1197 1214 5252 1844 469 528 1197 1214 5252 3425273 0.99850 0.99820 0.00150 0.00180 X 0 810125 810125 2036802 1391524 645278 1455403 Replacement Reserve 5822 Contingency Reserve 15016 Residual Reserve 96481 Project Improvement Fund 500 OPERATING PLAN 0 Advances to Affiliated Organization 2846930 2964749 Prepaid Rent 4333 Tenant Security Deposit 14925 Advances from related non-profit organization 330931 Recoverable loss due to fire damaged 76752 426941 X 2267222 2267222 2267222 625117 625117 625117 Pt X, Line 2 The management has concluded that it has not adopted any uncertain tax positions which, if challenged by the Internal Revenue Service, could result in the assessment of tax. Pt VI, Line 3 Genessy Management and Development,LLC manages the rental operations of the property under the terms of an agreement approved by the US Dept of Housing and Urban Development. Pt VI, Line 8b No committee created. Pt VI, Line 7b The US Dept of Housing and Urban Development supervises the operations of the property. The organization is required to obtain the approval of the agency for certain decisions. Pt VI, Line 8a & Pt VI, Line 8b: In the organizations Board meetings, the Board documents their meetings or written actions with written authority given to any authorized Board member/s for the year. There are no committees created. Only the governing body, the Board of Directors. Pt VI, Line 11b The tax returns are provided to the members of the Board for their review and approval before they filed. Pt VI, Line 12c The Board members are in contact on a regular basis, giving them the opportunity to become aware of potential conflicts. Pt VI, Line 19 The returns and other governing documents are made available to the public upon request. Pt VI, Line 15a Pt VI, Line 15b: The Board of Directors and Officer are all on voluntary basis - receive no compensation in any form. Pt XII, Line 3b The organization underwent audits under Government Audit Standards & HUD Consolidated Audit Guide of Audits of HUD Programs. Pt VIII Line 11b: On February 13, 2023, a fire occurred at one of Sunsets multifamily housing properties. Mid-Wilshire Apartments Housing Corp 1038 W VENICE BLVD LOS ANGELES CA 90015 954582645 LowIncomeHousing CA 501(C)3 9 NA false Miramar Apartments Housing Corporation 1038 W VENICE BLVD LOS ANGELES CA 90015 954582658 LowIncomeHousing CA same 9 NA false Sunset Apartments Housing Corp 1038 W Venice Blvd Los Angeles CA 90015 954582647 LowIncomeHousing CA same 9 NA false Pico Union Housing Corporation 1038 W Venice Blvd Los Angeles CA 90015 237113307 LowIncomeHousing CA same 9 NA false Dolores Frances Affordable Housing Inc 1038 W Venice Blvd Los Angeles CA 90015 810571563 LowIncomeHousing CA same 9 NA false West Hills Housing Corporation 1038 W Venice Blvd Los Angeles CA 90015 953732959 LowIncomeHousing CA same 9 NA false Hollywood Parkview Apartments Housing Cp 1038 W Venice Blvd Los Angeles CA 90015 954582656 LowIncomeHousing CA same 9 NA false false false false true false false false false false false false false true false false false false false false Pico Union Housing Corporation (Repairs & Maintenance) 1m 97613 At Cost Pico Union Housing Corporation (loan guarantee by MidWilshire AptsSunset AptsHollywood Parkview 1d 12900000 At FMV (Pico Union Housing Corp developsmaintains low income housing projects in LOS Angeles and San Antonio TX)