2025-11-11T11:52:34-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 952751567 SANTA FE APARTMENTS CORPORATION SANT 3232311104 3460 S BROADWAY LOS ANGELES CA 90007 AUTHORIZED AGENT PRESIDENT 3232311104 2025-11-11 1 0 JOSEPH R STROUP P01657031 3178485700 2024 2025-03-06 01:10:19Z ANA PONCE 3460 S BROADWAY LOS ANGELES CA 90007 1224241 0 X N/A X 1968 CA THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 7 7 2 7 0 0 292217 715056 453615 487067 1335 1712 0 20406 747167 1224241 205228 0 0 0 94742 113375 0 0 0 678394 745033 978364 858408 -231197 365833 3019912 3820549 3031876 3466680 -11964 353869 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 0 0 611359 487067 1912 SANTA FE APARTMENTS, L.P. (THE PARTNERSHIP) WAS FORMED ON MARCH 14, 1968, TO CONSTRUCT, OWN AND OPERATE A 57 UNIT RENTAL HOUSING PROJECT FOR LOW AND MODERATE INCOME PERSONS IN COMPTON, CALIFORNIA, KNOWN AS SANTA FE APARTMENTS (THE PROPERTY), AND IS OPERATED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE PARTNERSHIP HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. 611359 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 CA X HDSI MANAGEMENT INC 3232311104 3460 SOUTH BROADWAY LOS ANGELES CA 90007 X ANA F PONCE PRESIDENT 2.00 18.00 X X 0 0 0 KELLY BOYER VICE PRESIDENT 0.00 5.00 X X 0 0 0 EDWARD JOHNSON ESQ TREASURER 0.00 5.00 X X 0 0 0 QUAFORD COLEMAN SECRETARY 0.00 5.00 X X 0 0 0 RICHARD WASHINGTON DIRECTOR 0.00 5.00 X 0 0 0 JOHNATHAN WILLIAMS DIRECTOR 0.00 5.00 X 0 0 0 REGINA DOBBINS DIRECTOR 0.00 5.00 X 0 0 0 0 0 0 0 0 0 0 0 715056 715056 RENTAL INCOME 531110 487067 487067 487067 1712 1712 TENANT CHARGES 531110 12955 12955 MISCELLANEOUS 531110 3915 3915 LAUNDRY AND VENDING 531110 3536 3536 20406 1224241 487067 0 22118 87396 39102 48294 19741 19741 6238 6238 41724 41724 18664 18664 14126 14126 240050 115809 124241 119249 119249 153988 153988 15331 15331 REPAIRS AND MAINTENANCE 89630 89630 CONTRACTS 44561 44561 TAXES AND LICENSES 4790 4790 SUPPLIES 2920 2920 858408 611359 247049 0 73837 514597 16317 14701 30271 34495 4874318 2432512 2579054 2441806 300680 0 471692 320433 42578 3019912 3820549 26197 32588 4537 2965528 3394968 40151 34587 3031876 3466680 X -11964 353869 -11964 353869 3019912 3820549 365833 0 X X 0 1 X 1 1 1 X 272344 12120 296949 292217 715056 1588686 448551 738781 472471 453615 487067 2600485 720895 750901 769420 745832 1202123 4189171 0 0 0 4189171 1059 213 275 1335 1712 4594 1059 213 275 1335 1712 4594 20406 20406 721954 751114 769695 747167 1224241 4214171 0.99410 0.99870 0.00110 0.00130 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF LAUNDRY, VENDING AND OTHER TENANT CHARGES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109916 109916 4096822 1798245 2298577 667580 634267 33313 2441806 ESCROW DEPOSITS 24533 C RESERVE FOR REPLACEMENTS 276145 C RELOCATION RESERVE 2 C 300680 SECURITY DEPOSITS 34587 34587 X 1224241 0 1224241 0 1224241 854331 0 854331 4077 4077 858408 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. AS A NOT-FOR-PROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX, IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE ORGANIZATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGMENT HAS REVIEWED ALL OPEN TAX YEARS AND JURISDICTIONS AND CONCLUDED THAT NO ADJUSTMENTS ARE NECESSARY DUE TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S POLICY IS TO INCLUDE ACCRUED INTEREST AND PENALTIES FROM UNCERTAIN TAX POSITIONS IN OPERATING EXPENSES. THERE WERE NO ACCRUED INTEREST OR PENALTIES FOR THE YEAR ENDED DECEMBER 31, 2023. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION DIFFERENCE 4,077. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY RESOLUTION ADOPTED BY A MAJORITY OF THE NUMBER OF DIRECTORS THEN IN OFFICE, PROVIDED THAT A QUORUM IS MET, DESIGNATE ONE OR MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE DIRECTORS, TO SERVE AT THE PLEASURE OF THE BOARD. THE BOARD MAY DESIGNATE ONE OR MORE DIRECTORS AS ALTERNATE MEMBERS OF ANY SUCH COMMITTEE, WHO MAY REPLACE ANY ABSENT MEMBER AT ANY MEETING OF SUCH COMMITTEE. ANY COMMITTEE, TO THE EXTENT PROVIDED IN SUCH A RESOLUTION OF THE BOARD, SHALL HAVE ALL THE AUTHORITY OF THE BOARD, EXCEPT WITH RESPECT TO: (A) THE APPROVAL OF ANY ACTION WHICH, UNDER THE CODE, ALSO REQUIRES THE APPROVAL OF THE BOARD OF DIRECTORS; (B) THE FILING OF VACANCIES ON THE BOARD OF DIRECTORS OR IN ANY COMMITTEE; (C) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; (D) THE AMENDMENT OR REPEAL OF ARTICLES OF INCORPORATION OR BYLAWS, OR THE ADOPTION OF NEW ARTICLES OF INCORPORATION OR BYLAWS; (E) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF DIRECTORS WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; (F) THE APPOINTMENT OF ANY OTHER COMMITTEES OF THE BOARD OF DIRECTORS OR THE MEMBERS OF SUCH COMMITTEES. (G) THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR DIRECTOR. (H) THE APPROVAL OF ANY SELF-DEALING TRANSACTION WITHOUT REGARD TO WHETHER SUCH TRANSACTION IS PERMISSIBLE UNDER SECTION 5233 OF THE CODE. FORM 990, PART VI, SECTION A, LINE 3 MAJOR DECISIONS REQUIRE BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS EXPLAINED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII LINE 2C THIS IS CONSISTENT WITH PRIOR YEAR. HABIBI TERRACE INC 3460 S BROADWAY LOS ANGELES CA 90007 912152913 PROVIDE HANDICAPPED AND ELDERLY WITH SPECIALLY DESIGNED HOUSING FACILITIES CA 501(C)(3) LINE 10 0 LIME HOUSE SENIOR HOUSING INC 3460 S BROADWAY LOS ANGELES CA 90007 954583274 PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS CA 501(C)(3) LINE 10 0 LAUREL PLACE WEST HOLLYWOOD INC 3460 S BROADWAY LOS ANGELES CA 90007 300234285 PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS CA 501(C)(3) LINE 10 0 SAHURE SENIOR VILLA INC 3460 S BROADWAY LOS ANGELES CA 90007 510666913 PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS CA 501(C)(3) LINE 10 0 VAN BUREN APARTMENTS INC 3460 S BROADWAY LOS ANGELES CA 90007 912152908 PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 0 WASET INC 3460 S BROADWAY LOS ANGELES CA 90007 954354411 SPONSOR AND ASSIST IN THE ACQUISITION AND DEVELOPMENT OF LOW INCOME HOUSING. CA 501(C)(3) LINE 10 0 SPRING PARK SENIOR VILLA INC 3460 S BROADWAY LOS ANGELES CA 90007 454859261 PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS CA 501(C)(3) LINE 10 0 1912 SANTA FE APARTMENTS LP 3460 S BROADWAY LOS ANGELES CA 90007 PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS CA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0