2025-07-14T16:06:24-05:00 2023-12-31 911194016 CLARK NUBER PS 10900 NE 4TH ST STE 1400 BELLEVUE WA 98004 990EZ 2023-01-01 931708946 FREEDOM WEST COMMUNITY DEVELOPMENT CORPORATION FREE 4159291011 820 MCALLISTER STREET SAN FRANCISCO CA 94102 JOHN BENEVENTI FIN. CON. TO BD. OF DIRECTORS 4159291011 2025-07-14 1 0 MEGAN R RYAN P00737884 4254544919 2023 2025-03-06 01:10:19Z X X X X 0 0 0 0 0 0 0 0 0 0 0 0 0 X (I) COMBAT BLIGHT AND DETERIORATION IN COMMUNITIES AND CONTRIBUTE TO THEIR PHYSICAL IMPROVEMENT; (II) ASSIST LOW INCOME HOUSEHOLDS BY ENABLING THEM TO SECURE THE BASIC HUMAN NEED OF DECENT SHELTER; AND(III) PROMOTE SOCIAL WELFARE AND LESSEN THE BURDENS OF GOVERNMENT BY ASSISTING LOCAL GOVERNMENTS, THEIR AUTHORITIES, BOARDS OR COMMISSIONS THROUGH THE UNDERTAKING OF PROGRAMS THAT PROVIDE RELIEF TO UNDERPRIVILEGED POPULATIONS AND HOUSING ACTIVITIES TARGETED TO LOW AND MODERATE INCOME PERSONS AND FAMILIES, INCLUDING DEVELOPMENT, PROGRAM ADMINISTRATION, MANAGEMENT ACTIVITIES, AND SUPPORTIVE SERVICES. SUPPORT THE DEVELOPMENT OF AFFORDABLE HOUSING AND ASSIST LOW-INCOME HOUSEHOLDS IN THE FILLMORE DISTRICT IN SAN FRANCISCO, CALIFORNIA. 0 0 0 ROBERT SHAW DIRECTOR EFFECTIVE 3/23 0.10 0 0 0 EVA COVERSON DIRECTOR EFFECTIVE 3/23 0.10 0 0 0 ERIN LAPEYROLERIE INCORPORATOR THROUGH 3/23 0.10 0 0 0 RICHARD O'NEAL PRESIDENT EFFECTIVE 3/23 0.10 0 0 0 CAROL GALANTE SECRETARY EFFECTIVE 3/23 0.10 0 0 0 AIMEE MICHELE BROWN TREASURER EFFECTIVE 3/23 0.10 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CA CAROL GALANTE 820 MCALLISTER STREET SAN FRANCISCO CA 94102 4159291011 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X X 1 FREEDOM WEST HOMES CORPORATION 942281900 10 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN (III) FREEDOM WEST HOMES CORPORATION IS EXEMPT UNDER CODE SECTION 501(C)(4). PART I, LINE 12G, COLUMN IV: WHILE THE SUPPORTED ORGANIZATION IS NOT SPECIFICALLY NAMED IN THE SUPPORTING ORGANIZATION'S GOVERNING DOCUMENTS, ITS CHARITABLE ACTIVITIES INCLUDE FUNDRAISING TO SUPPORT THE SUPPORTED ORGANIZATION AND PROVIDING FINANCIAL ASSISTANCE TO LOW AND MODERATE INCOME HOUSEHOLDS SERVED BY THE SUPPORTED ORGANIZATION. IN ADDITION, AS DESCRIBED ELSEWHERE, A MAJORITY OF THE BOARD MEMBERS OF THE SUPPORTING ORGANIZATION ARE APPOINTED BY THE SUPPORTED ORGANIZATION. PART IV, SECTION A, LINE 1: FREEDOM WEST COMMUNITY DEVELOPMENT CORPORATION SUPPORTS ORGANIZATIONS BASED ON A SPECIFIC CLASS OR PURPOSE, DEFINED AS THE FOLLOWING: ORGANIZATIONS THAT (I) COMBAT BLIGHT AND DETERIORATION IN COMMUNITIES AND CONTRIBUTE TO THEIR PHYSICAL IMPROVEMENT; (II) ASSIST LOW-INCOME HOUSEHOLDS BY ENABLING THEM TO SECURE THE BASIC HUMAN NEED OF DECENT SHELTER; (III) PROMOTE SOCIAL WELFARE AND LESSEN THE BURDENS OF GOVERNMENT BY ASSISTING LOCAL GOVERNMENTS, AND THEIR AUTHORITIES, BOARDS, OR COMMISSIONS THROUGH THE UNDERTAKING OF PROGRAMS THAT PROVIDE RELIEF TO UNDERPRIVILEGED POPULATIONS AND HOUSING ACTIVITIES TARGETED TO LOW AND MODERATE INCOME PERSONS AND FAMILIES, INCLUDING DEVELOPMENT, PROGRAM ADMINISTRATION, MANAGEMENT ACTIVITIES, AND SUPPORTIVE SERVICES. PART IV, SECTION A, LINE 2: FREEDOM WEST COMMUNITY DEVELOPMENT CORPORATION WILL SUPPORT THE CHARITABLE ACTIVITIES OF FREEDOM WEST HOMES CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION ("FWH"). FWH WAS ORGANIZED IN 1973 AND IS A PUBLICLY SUPPORTED TAX-EXEMPT CORPORATION UNDER 501(C)(4) OF THE INTERNAL REVENUE CODE (THE "CODE"). FWH IS THE OWNER OF FREEDOM WEST, AN ELEVEN (11) ACRE HOUSING COOPERATIVE IN THE FILLMORE DISTRICT IN SAN FRANCISCO, CALIFORNIA, WHICH IS ONE OF THE LARGEST AND OLDEST HOUSING COOPERATIVES IN THE WESTERN UNITED STATES. FWH IS UNDERTAKING A TRANSFORMATIVE REDEVELOPMENT OF FREEDOM WEST BY (I) REPLACING THE EXISTING 382 COOPERATIVE UNITS WITH 267 REPLACEMENT COOPERATIVE UNITS AND BUILDING A TOTAL OF APPROXIMATELY 248 NEW AFFORDABLE HOUSING UNITS TO BE FINANCED IN PART BY LOW INCOME HOUSING TAX CREDITS (THE "LOW INCOME HOUSING TAX CREDITS") SET FORTH IN SECTION 42 OF THE CODE ("LOW INCOME HOUSING TAX CREDIT PROGRAM"), ALONG WITH COMMERCIAL, HOTEL, PARKING, AND COMMUNITY FACILITIES DESIGNED TO CONNECT FWH RESIDENTS WITH SAN FRANCISCO'S BROADER TECHNOLOGY, ACADEMIC, AND FINANCIAL SERVICES ECOSYSTEM, WHICH COLLECTIVELY WILL BE KNOWN AS "FREEDOM WEST 2.0". IN ACCORDANCE WITH SECTION 509(A)(3) OF THE CODE, THE CORPORATION SUPPORTS THE CHARITABLE PURPOSE OF FWH BY LESSENING THE BURDEN OF GOVERNMENT BY SUPPORTING THE DEVELOPMENT OF AFFORDABLE HOUSING MADE AVAILABLE TO MODERATE-INCOME, LOW-INCOME AND VERY-LOW INCOME HOUSEHOLDS IN SAN FRANCISCO, CALIFORNIA. PART IV, SECTION A, LINE 3B: FREEDOM WEST HOMES CORPORATION, THE SUPPORTED ORGANIZATION, IS EXEMPT UNDER CODE SEC. 501(C)(4). IT COMPLETES THE PUBLIC SUPPORT TEST UNDER CODE SEC. 509(A)(2). WHILE THIS IS NOT FILED WITH THE SUPPORTED ORGANIZATION'S ANNUAL FORM 990 FILING, IT IS PROVIDED TO FREEDOM WEST COMMUNITY DEVELOPMENT CORPORATION TO ENSURE THE SUPPORTED ORGANIZATION MEETS THE PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3C: FREEDOM WEST COMMUNITY DEVELOPMENT CORPORATION WAS FORMED IN 2022 AND DID NOT PROVIDE ANY SUPPORT TO FREEDOM WEST HOMES CORPORATION IN ITS INITIAL YEAR. IN THE FUTURE, FREEDOM WEST COMMUNITY DEVELOPMENT CORPORATION WILL REQUIRE AND MAINTAIN RECORDS AND REPORTS FROM FREEDOM WEST HOMES CORPORATION ON THE USE OF THE DONATED FUNDS TO ENSURE THAT THE CORPORATION'S FUNDS ARE ONLY USED TO SUPPORT THE DEVELOPMENTS AND FURTHER ITS CHARITABLE PURPOSES. ADDITIONALLY, FWH AND THE CORPORATION WILL ENSURE THAT THE TAX CREDIT PROJECTS WILL BE RENTED TO AND REMAIN AFFORDABLE TO LOW-INCOME HOUSEHOLDS THROUGH PROVISIONS IN PURCHASE AGREEMENTS, GROUND LEASES, FINANCING DOCUMENTS, AND REGULATORY AGREEMENTS AND THROUGH THE USE OF LOW INCOME HOUSING TAX CREDITS, THE PROCEEDS FROM TAX-EXEMPT PRIVATE ACTIVITY BONDS, AND GOVERNMENT FINANCING, INCLUDING FROM THE CITY AND COUNTY OF SAN FRANCISCO AND THE STATE OF CALIFORNIA. FWH AND THE CORPORATION WILL ENSURE THAT THE REPLACEMENT CO-OP PROJECT WILL BE OCCUPIED BY AND REMAIN AFFORDABLE TO MODERATE INCOME HOUSEHOLDS THROUGH PROVISIONS IN THE FINANCIAL DOCUMENTS AND REGULATORY AGREEMENTS WITH THE CITY, WHICH IS PROVIDING SUBSTANTIAL FINANCING TO THE REPLACEMENT CO-OP PROJECT. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.