2024-11-15T12:00:01-06:00 2023-12-31 NOVOGRADAC & COMPANY LLP 1160 BATTERY STREET SUITE 225 SAN FRANCISCO CA 94111 990 2023-01-01 237033859 THE AUSTIN GERIATRIC CENTER INC AUST 5124766051 1320 ART DILLY DRIVE AUSTIN TX 78702 ROSIE MENDOZA TREASURER 5124766051 2024-11-15 1 0 SUSAN WILSON P00545142 5123400420 2023 2024-10-15 13:58:12Z ROSIE MENDOZA 1320 ART DILLY DRIVE AUSTIN TX 78702 16966355 0 X N/A X 1968 TX TO PROVIDE LOW INCOME HOUSING AND SUPPORTIVE SERVICES FOR THE ELDERLY 10 10 0 15 0 0 5300 158004 1053611 220943 273056 13288494 439346 845233 1771313 14512674 0 3790162 0 0 280362 54061 0 0 0 1028559 297629 1308921 4141852 462392 10370822 33822735 44356206 6508186 6670835 27314549 37685371 X TO PROVIDE LOW INCOME HOUSING AND SUPPORTIVE SERVICES FOR THE ELDERLY 0 0 4075423 3790162 14354670 THE MISSION OF AUSTIN GERIATRIC CENTER IS TO PROVIDE SAFE, AFFORDABLE HOUSING FOR LOW-INCOME SENIORS. OUR CURRENT CAMPUS INCLUDES THE LADYBIRD WHICH IS NOW OPERATING 279 APARTMENTS AND THE REBEKAH WHICH IS UNDERGOING RENOVATIONS AND WILL PROVIDE 224 APARTMENTS UPON COMPLETION. BOTH SITES PROVIDE LOW-INCOME HOUSING FOR SENIORS. WE ARE COMMITTED TO ENHANCING THE QUALITY OF LIFE FOR ELDERLY INDIVIDUALS BY OFFERING SECURE, SUPPORTIVE HOUSING AND A RANGE OF ESSENTIAL SERVICES.SEE SCHEDULE O. 4075423 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 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 0 0 0 1 1 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 1 1 X SHONTELL GAUTHIER 5126740775 1320 ART DILLY DRIVE AUSTIN TX 78702 X JANET ROBERTS DIRECTOR 0.00 X 0 0 0 BOB ELLIS DIRECTOR 0.00 X 0 0 0 JUDY HERNANDEZ DIRECTOR 0.00 X 0 0 0 LUZ LOPEZ-GUERRERO DIRECTOR 0.00 X 0 0 0 WILLIAM M SAGE DIRECTOR 0.00 X 0 0 0 MEGAN SHANNON DIRECTOR 0.00 X 0 0 0 RICKY GREEN SECRETARY 0.00 X 0 0 0 CLARKE HEIDRICK CHAIRMAN 0.00 X 0 0 0 ROSIE MENDOZA TREASURER 0.00 X 0 0 0 PAUL SALDANA VICE CHAIR 0.00 X 0 0 0 0 0 0 0 0 0 0 BARTLETT COCKE GC LLC 3330 CASEYBRIDGE CT AUSTIN TX 78744 GENERAL CONTRACTOR 2201542 STRATA LANDSCAPES 7020 E HWY BLDG 2 SUITE A AUSTIN TX 78723 GENERAL CONTRACTOR 131261 2 158004 158004 RENTAL REVENUE 531110 174443 174443 SOCIAL SERVICES 561000 46500 46500 220943 163097 163097 15579078 2453681 13125397 13125397 13125397 DEVELOPER FEE REVENUE 531390 845233 845233 845233 14512674 14354670 0 0 3790162 3790162 54061 54061 50828 50828 5864 5864 72967 72967 ADMINISTRATIVE EXPENSES 91173 84430 6743 MISCELLANEOUS EXPENSES 64847 61853 2994 OPERATING AND MAINTENAN 11950 11950 0 4141852 4075423 66429 0 8076092 4923285 177907 313105 19836 19110 0 0 567553 0 6304755 6304755 18676592 32795951 33822735 44356206 3986 67784 6479000 6479000 25200 124051 6508186 6670835 X 27314549 37685371 27314549 37685371 33822735 44356206 10370822 0 X 0 0 0 X 36838 141717 56630 5300 158004 398489 2282597 2449067 1949971 1492957 231674 8406266 2319435 2590784 2006601 1498257 389678 8804755 0 0 0 8804755 100336 177916 222174 273056 163097 936579 100336 177916 222174 273056 163097 936579 2419771 2768700 2228775 1771313 552775 9741334 0.90390 0.92040 0.09610 0.08000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN AGC RBJ MM LLC 6304755 F 6304755 NOTE RECEIVABLE-AGC RBJ LLC (NOTE 6) 8400000 NOTE RECEIVABLE-AGC RBJ LLC (NOTE 7) 6479000 CONSTRUCTION IN PROGRESS 115004 INTEREST RECEIVABLE-AGC RBJ LLC 588449 ESCROW HELD BY TITLE COMPANY 454659 TENANT SECURITY DEPOSIT 24062 DEVELOPER FEE - RBJ II 845233 NOTE RECEIVABLE-AGC RBJ II LLC 15640000 PREDEVELOPMENT COSTS 249544 32795951 SECURITY DEPOSITS 13233 ACCRUED EXPENSES 11493 PREPAID RENT 99325 124051 1 FAMILY ELDERCARE 1700 RUTHERFORD LN AUSTIN TX 78754 742286387 3790162 0 TO ENABLE FAMILY ELDERCARE TO MAKE A LOAN TO AN AFFORDABLE HOUSING PROJECT IN WHICH AGC THROUGH ITS WHOLLY OWNERSHIP SUBSIDIARY, IS THE MANAGING MEMBER. 1 0 PART I, LINE 2: ON RARE OCCASIONS, AGC MAY DISTRIBUTE GRANTS OR DONATIONS TO AREA NONPROFIT ORGANIZATIONS WHO ARE ALIGNED WITH OUR AGENCY'S MISSION TO PROVIDE LOW-INCOME HOUSING FOR SENIORS. IN THE UNLIKELY EVENT AGC RECEIVES SUCH A REQUEST, THE PROCEDURE IS FOR THE BOARD OF DIRECTORS IN CONSULTATION WITH ITS OUTSIDE LEGAL COUNSEL TO REVIEW ON A CASE-BY-CASE BASIS AND DETERMINE ALIGNMENT WITH ORGANIZATIONAL MISSION, ANY ELIGIBILITY REQUIREMENTS WHICH MAY NEED TO BE CONSIDERED, FINANCIAL VIABILITY, IMPACT, AND SUSTAINABILITY . THE BOARD OF DIRECTORS WILL VOTE AND PROVIDE THE REQUESTOR NOTICE OF THE FINAL DECISION. FORM 990, PART III, LINE 4A 2023 ACCOMPLISHMENT UPDATE: THE CENTER HAS DEVELOPED A COMPREHENSIVE STRATEGIC MASTER PLAN FOCUSED ON THE LONG-TERM SUSTAINABILITY AND GROWTH OF OUR HOUSING SERVICES. KEY OBJECTIVES OF THE PLAN INCLUDE: 1. CONTINUING TO PROVIDE SAFE, AFFORDABLE HOUSING FOR LOW-INCOME SENIORS ON-SITE; 2. UPGRADING AMENITIES TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS; 3. EXPANDING THE AVAILABILITY OF AFFORDABLE HOUSING FOR ELDERLY INDIVIDUALS IN CENTRAL TEXAS; 4. ADDING ADDITIONAL MIXED-USE DEVELOPMENTS IN ALIGNMENT WITH THE NEIGHBORHOOD'S LONG-TERM VISION; AND 5. SERVING AS RESPONSIBLE STEWARDS OF THE CENTER'S LAND, ENSURING LONG-TERM VIABILITY AND POSITIVE COMMUNITY IMPACT. AGC IS THE SOLE OWNER OF THE ENTITIES WHICH SERVES AS THE MANAGING MEMBER OF THE TWO ENTITIES (AGC RBJ, LLC AND AGC RBJ, II LLC) WHICH OWNS THE LADYBIRD AND THE REBEKAH, RESPECTIVELY. EACH OF THESE PROJECT OWNERS IS A TEXAS LIMITED LIABILITY COMPANY FUNDED BY TAX CREDIT INVESTORS. AGC RBJ LLC OPERATES AS THE LADYBIRD AND AGC RBJ II LLC WILL OPERATE AS THE REBEKAH UPON THE COMPLETION OF RENOVATIONS IN 2025. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 EXPLANATION: EVERY MEMBEROF THE BOARD IS PROVIDED A COPY OF THEFORM 990 FOR REVIEW. THE RETURN IS REVIEWED FOR ACCURACY WITH ANY CHANGES BEING DISCUSSED AND SUBMITTED TO MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM MANAGEMENT AGC RBJ LLC 1320 ART DILLY DRIVE AUSTIN TX 78702 824315661 TX 0 0 AGC RBJ II LLC 1320 ART DILLY DRIVE AUSTIN TX 78702 852749074 TX 0 0 AGC RBJ MM LLC 1320 ART DILLY DRIVE AUSTIN TX 78702 824297108 TX 1.00000 0 AGC RBJ MM II LLC 1320 ART DILLY DRIVE AUSTIN TX 78702 852753575 TX 1.00000 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 AGC RBJ II LLC G 13125397 AGC RBJ LLC P 194371 AGC RBJ II LLC L 845233 AGC RBJ LLC D 8400000 AGC RBJ LLC D 6479000 AGC RBJ II LLC D 15640000