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 912152908 VAN BUREN APARTMENTS INC VANB 3232311104 3460 SOUTH 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 SOUTH BROADWAY LOS ANGELES CA 90007 799878 0 X N/A X 2001 CA VAN BUREN APARTMENTS, INC. OWNS AND OPERATES A 28 UNIT RESIDENTIAL RENTAL COMPLEX THAT PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES. 7 7 1 7 0 0 475983 503026 317029 293191 1132 1567 1969 2094 796113 799878 145189 200000 0 0 50253 60173 0 0 0 266877 441496 462319 701669 333794 98209 2282072 2336211 865923 821853 1416149 1514358 THE PURPOSE OF VAN BUREN APARTMENTS, INC. IS TO PROVIDE HOUSING TO PERSONS OF LOW OR MODERATE INCOME. 0 0 567275 200000 293191 VAN BUREN APARTMENTS, INC. (A CALIFORNIA NOT-FOR-PROFIT CORPORATION) WAS FORMED ON AUGUST 28, 2001, TO CONSTRUCT, OWN AND OPERATE A 28 UNIT RENTAL HOUSING PROJECT FOR LOW AND MODERATE INCOME PERSONS IN LOS ANGELES, CALIFORNIA, KNOWN AS VAN BUREN PLACE (THE PROPERTY), AND IS OPERATED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION 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. 567275 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 0 0 0 1 5 0 1 1 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 8.00 16.00 X X 0 0 0 KELLY BOYER VICE PRESIDENT 0.00 9.00 X X 0 0 0 EDWARD JOHNSON ESQ TREASURER 0.00 9.00 X X 0 0 0 QUAFORD COLEMAN SECRETARY 0.00 9.00 X X 0 0 0 RICHARD WASHINGTON DIRECTOR 0.00 9.00 X 0 0 0 JOHNATHAN WILLIAMS DIRECTOR 0.00 9.00 X 0 0 0 REGINA DOBBINS DIRECTOR 0.00 9.00 X 0 0 0 0 0 0 0 0 0 0 0 503026 503026 RENTAL INCOME 531110 293191 293191 293191 1567 1567 LAUNDRY AND VENDING 812300 2094 2094 2094 799878 293191 0 3661 200000 200000 52811 1475 51336 3466 3466 3896 3896 24192 24192 15370 15370 13979 13979 171963 167711 4252 25035 25035 25734 25734 10948 10948 SUPPLIES 66919 66919 CONTRACTS 31603 31603 BAD DEBTS 25265 25265 MAINTENANCE AND REPAIRS 22652 22652 7836 7836 701669 567275 134394 0 557881 601443 252731 0 33752 11553 39536 17592 1619346 270677 1372785 1348669 319294 25387 23770 0 13890 2282072 2336211 19059 14115 1508 1389 833302 794787 12054 11562 865923 821853 X 1416149 1514358 1416149 1514358 2282072 2336211 98209 0 X X 0 1 X 1 1 1 X 2568 456408 475983 503026 1437985 406591 691347 276820 317029 293191 1984978 406591 693915 733228 793012 796217 3422963 0 0 0 3422963 1108 123 209 1132 1567 4139 1108 123 209 1132 1567 4139 2993 1969 2094 7056 407699 694038 736430 796113 799878 3434158 0.99670 0.99700 0.00120 0.00130 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1111000 1111000 391540 170350 221190 116806 100327 16479 1348669 ESCROW DEPOSITS 52294 C RESERVE FOR REPLACEMENTS 259981 C RESIDUAL RECEIPTS RESERVE 7019 C 319294 TENANT SECURITY DEPOSITS 11562 11562 X 799878 0 799878 0 799878 699388 0 699388 2281 2281 701669 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 THE FINANCIAL ACCOUNTING STANDARDS BOARD ("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. MANAGEMENT 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, 2024. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION DIFFERENCE 2,281. 0 WASET INC 3460 S BROADWAY LOS ANGELES CA 90007 954354411 501(C)(3) 200000 0 LOW INCOME, SENIOR OR DISABLED HOUSING PROJECTS FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY RESOLUTION, DESIGNATE ONE OR MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE DIRECTORS, TO SERVE AT THE PLEASURE OF THE BOARD. ANY COMMITTEE, TO THE EXTENT PROVIDED IN THE RESOLUTION OF THE BOARD, MAY ACT FOR THE BOARD. 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. SANTA FE APARTMENTS CORPORATION 3460 S BROADWAY LOS ANGELES CA 90007 952751567 PROVIDE LOW INCOME HOUSING 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 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 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 MOUNTCLEF COMMUNITY ASSOCIATION 3460 S BROADWAY LOS ANGELES CA 90007 954591002 PROVIDE LOW INCOME HOUSING CA 501(C)(3) LINE 10 0 VILLA ST ANDREWS COMMUNITY ASSOCIATION - 3460 S BROADWAY LOS ANGELES CA 90007 954583273 PROVIDE LOW INCOME HOUSING FOR ELDERLY PERSONS CA 501(C)(3) LINE 10 0 FIESTA HOUSE SENIOR HOUSING INC 3460 S BROADWAY LOS ANGELES CA 90007 954591001 PROVIDE LOW INCOME HOUSING FOR ELDERLY PERSONS CA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 WASET INC R 200000 CASH DISTRIBUTION