2024-11-14T11:52:02-06:00 2023-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2023-01-01 931174394 BMA INC BMAI 5032310682 4150 S MOODY AVENUE PORTLAND OR 97239 TEKLE BUSHEN CFO 5032310682 2024-11-14 1 1 JOLANTA TUCK CPA P01340068 9164429100 2024-11-13 2023 2024-10-15 13:58:12Z MARGARET SALAZAR 4150 S MOODY AVENUE PORTLAND OR 97239 174562 0 X REACHCDC.ORG X 1996 OR TO ACQUIRE AND OPERATE A 20-UNIT APARTMENT COMPLEX FOR LOWER-INCOME FAMILIES AND INDIVIDUALS 16 16 0 16 0 0 130597 109704 67287 51258 1134 8780 0 4820 199018 174562 0 0 0 0 36304 0 0 0 0 143989 217089 180293 217089 18725 -42527 814806 790819 28583 47123 786223 743696 TO ACQUIRE AND OPERATE A 20-UNIT APARTMENT COMPLEX FOR LOWER-INCOME FAMILIES AND INDIVIDUALS 0 0 186938 56078 BEACON MANOR APARTMENTS WAS FORMED TO ACQUIRE AND OPERATE A 20-UNIT APARTMENT COMPLEX THAT PROVIDES AFFORDABLE HOUSING FOR LOWER-INCOME FAMILIES AND INDIVIDUALS. 186938 1 1 0 0 0 0 0 0 1 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 0 1 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR X TEKLE BUSHEN 5032310682 4150 S MOODY AVENUE PORTLAND OR 97239 DANIEL VALLIERE PRESIDENT & CEO (UNTIL OCT. 2023) 1.00 47.00 X 0 176403 27042 TEKLE BUSHEN CHIEF FINANCIAL OFFICER 1.00 47.00 X 0 145966 10769 MARGARET SALAZAR PRESIDENT & CEO (AS OF OCT. 2023) 1.00 47.00 X 0 29276 2579 JILL LAM BOARD CHAIR 1.00 8.00 X X 0 0 0 DEBBIE BURKE VICE CHAIR 1.00 8.00 X X 0 0 0 WHIT SPENCER TREASURER 1.00 8.00 X X 0 0 0 JAMIE BECKLAND SECRETARY 1.00 8.00 X X 0 0 0 ALEXANDER MCPHERSON BOARD MEMBER 1.00 8.00 X 0 0 0 BEN WERNER BOARD MEMBER 1.00 8.00 X 0 0 0 CHERANDA CURTIS BOARD MEMBER 1.00 8.00 X 0 0 0 CRIS SOHLER BOARD MEMBER 1.00 8.00 X 0 0 0 DAVID SACAMANO BOARD MEMBER 1.00 8.00 X 0 0 0 EDWARD KNIGHTLY BOARD MEMBER 1.00 8.00 X 0 0 0 JIM LODWICK BOARD MEMBER 1.00 8.00 X 0 0 0 SAMM MCCRARY BOARD MEMBER 1.00 8.00 X 0 0 0 CLARA JOHNSON BOARD MEMBER 1.00 8.00 X 0 0 0 TEJAN CONTEH BOARD MEMBER 1.00 8.00 X 0 0 0 SAM STUCKEY BOARD MEMBER 1.00 8.00 X 0 0 0 PAUL CUMMINGS BOARD MEMBER 1.00 8.00 X 0 0 0 0 351645 40390 0 0 1 0 0 109704 109704 NET RENTAL REVENUE 531110 51258 51258 51258 8780 8780 LAUNDRY & VENDING 531390 464 464 4356 4356 4820 174562 56078 0 8780 X 17469 17469 236 236 12682 12682 51714 51714 28318 28318 82649 82649 20035 20035 MISCELLANEOUS TAXES, LI 3986 3986 217089 186938 30151 0 30185 17050 23505 2848 265 296 823767 546635 297167 277132 463684 493493 814806 790819 20548 32187 2703 3034 3401 3619 1931 8283 28583 47123 X 266031 223504 520192 520192 786223 743696 814806 790819 -42527 0 X 1 X 1 X 1 0 X 112574 103400 114887 130597 109704 571162 112574 103400 114887 130597 109704 571162 571162 391 145 35 1134 8780 10485 4820 4820 586467 346823 0.97390 0.99640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING - 2023 AMOUNT: $ 464. MISCELLANEOUS REVENUE - 2023 AMOUNT: $ 4,356. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 108284 108284 666406 497558 168848 49077 49077 0 277132 RESERVE FOR REPLACEMENTS 205141 RESIDUAL RECEIPTS RESERVE 266707 ESCROW DEPOSITS 17618 TENANT DEPOSITS 4027 493493 DUE TO RELATED PARTY 8283 8283 X PART IV, LINE 2B: TENANT DEPOSITS ARE HELD IN TRUST. PART X, LINE 2: THE COMPANY HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE COMPANY IS NOT SUBJECT TO INCOME TAXES. THE COMPANY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE COMPANY HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 DANIEL VALLIERE PRESIDENT & CEO (UNTIL OCT. 2023) 0 142709 0 0 0 33694 0 17677 0 9365 0 203445 0 0 TEKLE BUSHEN CHIEF FINANCIAL OFFICER 0 140966 0 5000 0 0 0 0 0 10769 0 156735 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE COMPANY HAS ENGAGED THE SERVICES OF REACH COMMUNITY DEVELOPMENT, INC. TO MANAGE THE DAILY OPERATIONS OF THE PROPERTY. UNDER THIS AGREEMENT, THE COMPANY IS REQUIRED TO PAY REACH COMMUNITY DEVELOPMENT, INC. 9% OF GROSS MONTHLY RENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE DISTRIBUTED ELECTRONICALLY TO THE OFFICERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURES ARE MONITORED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST FROM THE ORGANIZATION. FINANCIAL INFORMATION IS ALSO AVAILABLE FROM THE OREGON DEPARTMENT OF JUSTICE. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 51,714. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,714. COMMUNITY HOUSING II INC 4150 S MOODY AVENUE PORTLAND OR 97239 931300045 LOW-INCOME HOUSING OR 501(C)(3) LINE 10 N/A 0 COMMUNITY HOUSING III INC 4150 S MOODY AVENUE PORTLAND OR 97239 010777882 LOW-INCOME HOUSING OR 501(C)(3) LINE 10 N/A 0 COMMUNITY HOUSING INC 4150 S MOODY AVENUE PORTLAND OR 97239 943041307 LOW-INCOME HOUSING OR 501(C)(3) LINE 10 N/A 0 MARION STREET APARTMENTS INC 4150 S MOODY AVENUE PORTLAND OR 97239 931209647 LOW-INCOME HOUSING OR 501(C)(3) LINE 10 N/A 0 POWELL BOULEVARD APARTMENTS INC 4150 S MOODY AVENUE PORTLAND OR 97239 911764112 LOW-INCOME HOUSING OR 501(C)(3) LINE 7 N/A 0 REACH APARTMENTS INC 4150 S MOODY AVENUE PORTLAND OR 97239 943085792 LOW-INCOME HOUSING OR 501(C)(3) LINE 7 N/A 0 REACH COMMUNITY DEVELOPMENT INC 4150 S MOODY AVENUE PORTLAND OR 97239 930813981 LOW-INCOME HOUSING OR 501(C)(3) LINE 10 N/A 0 TAYLOR APARTMENTS INC 4150 S MOODY AVENUE PORTLAND OR 97239 931209646 LOW-INCOME HOUSING OR 501(C)(3) LINE 10 N/A 0 124TH AND ASH LP 4150 S MOODY AVENUE PORTLAND OR 97239 823965588 LOW-INCOME HOUSING OR N/A 0 0 72ND AND FOSTER LP 4150 S MOODY AVENUE PORTLAND OR 97239 813073180 LOW-INCOME HOUSING OR N/A 0 0 FRUIT VALLEY LP 4150 S MOODY AVENUE PORTLAND OR 97239 270782644 LOW-INCOME HOUSING OR N/A 0 0 PATTON SQUARE PARTNERS LP 4150 S MOODY AVENUE PORTLAND OR 97239 205425786 LOW-INCOME HOUSING OR N/A 0 0 REACH 62ND AVE LLC 4150 S MOODY AVENUE PORTLAND OR 97239 475413110 LOW-INCOME HOUSING OR N/A 0 0 REACH ARGYLE LP 4150 S MOODY AVENUE PORTLAND OR 97239 823354313 LOW-INCOME HOUSING OR N/A 0 0 REACH B49 PARTNERS LP 4150 S MOODY AVENUE PORTLAND OR 97239 274635096 LOW-INCOME HOUSING OR N/A 0 0 REACH BEAVERTON LP 4150 S MOODY AVENUE PORTLAND OR 97239 832534660 LOW-INCOME HOUSING OR N/A 0 0 REACH BRONAUGH PARTNERS LP 4150 S MOODY AVENUE PORTLAND OR 97239 472949178 LOW-INCOME HOUSING OR N/A 0 0 REACH GATEWAY SENIOR HSG LP 4150 S MOODY AVENUE PORTLAND OR 97239 800930515 LOW-INCOME HOUSING OR N/A 0 0 REACH ISABELLA COURT LLC 4150 S MOODY AVENUE PORTLAND OR 97239 474388596 LOW-INCOME HOUSING OR N/A 0 0 REACH ORENCO II LLC 4150 S MOODY AVENUE PORTLAND OR 97239 465146622 LOW-INCOME HOUSING OR N/A 0 0 REACH ORENCO III LLC 4150 S MOODY AVENUE PORTLAND OR 97239 473939188 LOW-INCOME HOUSING OR N/A 0 0 REACH ORENCO LLC 4150 S MOODY AVENUE PORTLAND OR 97239 454607664 LOW-INCOME HOUSING OR N/A 0 0 REACH ROSE APARTMENTS LP 4150 S MOODY AVENUE PORTLAND OR 97239 824855669 LOW-INCOME HOUSING OR N/A 0 0 REACH WALNUT PARTNERS LP 4150 S MOODY AVENUE PORTLAND OR 97239 270924852 LOW-INCOME HOUSING OR N/A 0 0 TOWNE SQUARE LP 4150 S MOODY AVENUE PORTLAND OR 97239 455390002 LOW-INCOME HOUSING OR N/A 0 0 WHEELDON ADMIRAL LLC 4150 S MOODY AVENUE PORTLAND OR 97239 270162291 LOW-INCOME HOUSING OR N/A 0 0 PLAZA LOS AMIGOS LP 4150 S MOODY AVENUE PORTLAND OR 97239 880758879 LOW-INCOME HOUSING OR N/A 0 0 REACH ARGYLE GP LLC 4150 S MOODY AVENUE PORTLAND OR 97239 832444633 LOW-INCOME HOUSING OR N/A C 0 REACH BRONAUGH GP LLC 4150 S MOODY AVENUE PORTLAND OR 97239 472963987 LOW-INCOME HOUSING OR N/A C 0 REACH GATEWAY LLC 4150 S MOODY AVENUE PORTLAND OR 97239 320411748 LOW-INCOME HOUSING OR N/A C 0 REACH IC LLC 4150 S MOODY AVENUE PORTLAND OR 97239 474750452 LOW-INCOME HOUSING OR N/A C 0 REACH ORCHARDS II LLC 4150 S MOODY AVENUE PORTLAND OR 97239 472981576 LOW-INCOME HOUSING OR N/A C 0 REACH ORCHARDS III LLC 4150 S MOODY AVENUE PORTLAND OR 97239 473924349 LOW-INCOME HOUSING OR N/A C 0 REACH ORCHARDS LLC 4150 S MOODY AVENUE PORTLAND OR 97239 465204815 LOW-INCOME HOUSING OR N/A C 0 REACH ROSE GP LLC 4150 S MOODY AVENUE PORTLAND OR 97239 842694124 LOW-INCOME HOUSING OR N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0