2025-11-04T11:51:55-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90822 990 2024-01-01 461897606 COMMUNITY ART STABILIZATION TRUST COMM 4155569888 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 KIYOSHI IKEDA CEO 4155569888 2025-11-04 1 0 BRYAN HUNG P01553971 5624329482 2024 2025-03-06 01:10:19Z X KIYOSHI IKEDA 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 3960602 0 X HTTP://CAST-SF.ORG X 2013 CA PURCHASING AND LEASING SPACE FOR THE EXCLUSIVE USE OF NONPROFIT ARTS ORGANIZATIONS SERVING LOW INCOME COMMUNITIES. 5 5 18 0 0 0 2125440 3385024 57347 97761 4122137 477817 4637 0 6309561 3960602 505852 697825 0 0 1773963 2183136 0 0 289145 4941154 1238828 7220969 4119789 -911408 -159187 30418865 31489456 2337015 3539829 28081850 27949627 TO CREATE STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS TO FACILITATE EQUITABLE URBAN TRANSFORMATION. 0 0 3110294 697825 575578 COMMUNITY ART STABILIZATION TRUST CREATES STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS, PROPERTIES FOR PURCHASE OR MASTER LEASING, AND IMPLEMENTING COMPLEMENTARY INITIATIVES WHICH BUILD KNOWLEDGE AND CAPABILITY OF ARTS ORGANIZATIONS TO MAKE THOUGHTFUL, INFORMED DECISIONS REGARDING REAL ESTATE MATTERS. INITIATIVES INCLUDE THE KEEPING SPACE - OAKLAND PROGRAM WHICH PROVIDES TECHNICAL ASSISTANCE, NETWORKING OPPORTUNITIES, RESEARCH AND LIMITED RE-GRANTING FUNDS SUPPORTING ARTS ORGANIZATIONS' EFFORTS TO FIND, SECURE AND MANAGE LONG-TERM REAL ESTATE PROJECTS. 3110294 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 18 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 CA X KIYOSHI IKEDA 4155569888 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 SHELLEY TROTT BOARD PRESIDENT 1.00 X 0 0 0 IMAAN TAGHAVI DIRECTOR 1.00 X 0 0 0 TIM VAN LOAN DIRECTOR 1.00 X 0 0 0 DEBORAH CULLINAN DIRECTOR 1.00 X 0 0 0 BRADY FORREST DIRECTOR 1.00 X 0 0 0 KIYOSHI IKEDA CHIEF EXECUTIVE OFFICER 40.00 X 233192 0 11688 JOSHUA SIMON SENIOR ADVISOR 40.00 X 196167 0 30500 CAROLYN CHOY DIRECTOR OF REAL ESTATE DE 40.00 X 159888 0 23000 MATTHEW MCTIRE DIRECTOR OF EVENTS AND PRO 40.00 X 136038 0 2400 DAVID KEENAN DIRECTOR OF SPECIAL PROJECTS 40.00 X 116069 0 0 YI ZHONG DIRECTOR OF DESIGN AND CONSTRUCTION 40.00 X 133531 0 20000 974885 0 87588 6 0 1 0 LEN WOOD 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 INTERIM CFO 110577 1 3385024 3385024 MANAGEMENT FEES 531120 97761 97761 97761 477817 477817 3960602 575578 0 0 697825 697825 589247 377118 147312 64817 1297224 830224 324306 142694 163224 104463 40806 17955 133441 85402 33360 14679 6409 4240 1880 289 200726 132788 58881 9057 124107 82102 36406 5599 140938 90200 35233 15505 104129 66643 26032 11454 37 37 1860 1860 64530 41300 16134 7096 LOAN FORGIVENESS 521312 521312 FLOWTHROUGH LOSS FROM P 66771 66771 PROGRAM EXPENSES 8009 8009 4119789 3110294 720350 289145 2153902 3502100 767500 1000000 648630 534990 18901559 18887580 1000 1000 5238905 5197238 0 2707369 2366548 30418865 31489456 328307 175959 2008708 3363870 2337015 3539829 X 27182387 27526506 899463 423121 28081850 27949627 30418865 31489456 X -159187 26964 X 0 1 X 1 0 X 2607419 8765680 751800 1125440 385024 13635363 2607419 8765680 751800 1125440 385024 13635363 8107712 5527651 211517 261192 301318 284196 0 1058223 20500 2400 85493 57347 165740 14859326 3285628 0.37200 0.62530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PASS-THROUGH PARTNERSHIP INVESTMENTS 5197238 F 5197238 RELATED PARTY RECEIVABLE 1435181 RIGHT-OF-USE ASSET 931367 2366548 ST LEASE LIABILITY 20288 LT LEASE LIABILITY 2050791 DEFERRED REVENUE - BARGAIN PURCHASE 1269974 RELATED PARTY PAYABLE 22817 3363870 1 CITY AND COUNTY OF SAN FRANCISCO 1 DR CARLTON B GOODLETT PLACE SAN FRANCISCO CA 94102 943137786 CITY & COUNTY OF SF 642169 0 GENEVA POWERHOUSE HTC BUILDING REDEVELOPMENT PERFORMING ARTS WORKSHOP INC 2301 SAN JOSE AVE SAN FRANCISCO CA 94112 941614596 501(C)(3) 0 55656 FMV RENT SUBSIDY RENT SUBSIDY PART I, LINE 2: THE ORGANZIATION HAS ESTABLISHED INTERNAL CONTROLS AND OVERSIGHT PROCEDURES TO ENSURE THAT ALL INCOME GRANT FUNDS ARE USED IN ACCORDANCE WITH GRANT TERMS AND APPLICABLE RESTRICTIONS. GRANT EXPENDITURES ARE REVIEWED AND APPROVED BY AUTHORIZED PERSONNEL, TRACKED THROUGH THE ORGANIZATION'S ACCOUNTING SYSTEM, AND RECONCILED REGULARLY AGAINST GRANT LETTERS & BUDGETS. PROGRAM AND FINANCE STAFF COLLABORATE TO MONITOR PROGRESS AND SPENDING, AND PERIODIC REPORTS ARE PREPARED TO ASSESS COMPLIANCE WITH GRANT OBJECTIVES AND FINANCIAL REQUIREMENTS. SUPPORTING DOCUMENTATION IS MAINTAINED FOR ALL GRANT-RELATED TRANSACTIONS TO ENSURE TRANSPARENCY AND READINESS FOR AUDIT OR FUNDER REVIEW. X X X X 0 0 0 0 0 0 0 0 0 KIYOSHI IKEDA CHIEF EXECUTIVE OFFICER 233192 0 0 0 0 0 11688 0 0 0 244880 0 0 0 JOSHUA SIMON SENIOR ADVISOR 196167 0 0 0 0 0 30500 0 0 0 226667 0 0 0 CAROLYN CHOY DIRECTOR OF REAL ESTATE DE 159888 0 0 0 0 0 23000 0 0 0 182888 0 0 0 YI ZHONG DIRECTOR OF DESIGN AND CONSTRUCTION 133531 0 0 0 0 0 20000 0 0 0 153531 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE ORGANIZATION'S TREASURER WILL REVIEW FORM 990 WITH ANY QUESTIONS OR CONCERNS TO THE STAFF AND RECOMMEND ITS APPROVAL BY THE ENTIRE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE FRAMEWORK OUTLINED IN THE BYLAWS APPENDIX A: CONFLICT OF INTEREST POLICY, THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE IN REAL ESTATE TRANSACTIONS PERFORMED, WHICH IS THE ORGANIZATION'S CORE WORK, AND IN OTHER RELATED BUSINESS AREAS. THE BOARD AND EXECUTIVE DIRECTOR ARE CLEAR AND MINDFUL OF THE POSSIBLE CONFLICTS OF THE WORK IN WHICH THE ORGANIZATION EXECUTES. TO DATE, THE BOARD NOR EXECUTIVE DIRECTOR HAVE PRESENTED ISSUES REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO HAS AN ANNUAL REVIEW CONDUCTED BY THE BOARD OF DIRECTORS WHICH INCLUDES COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE BOARD SURVEYS OTHER SIMILAR ORGANIZATIONS OR SALARY COMPARISONS AND COMPREHENSIVE NOTES ARE RETAINED OF THE REVIEW AND DELIBERATION PROCESS. THE CEO AND COO CONDUCT ANNUAL REVIEWS OF KEY EMPLOYEES INCLUDING RESEARCH OF COMPETITIVE SALARY COMPARISONS AND COMPREHENSIVE NOTES ARE KEPT ON THE DELIBERATIONS AND REVIEW DISCUSSIONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: AMORTIZATION EXPENSE FLOW THROUGH (INCOME) LOSS - CAST 1007 MARKET, LLC 450. FLOW THROUGH (INCOME) LOSS - CAST 80 TURK, LLC 571. FLOW THROUGH (INCOME) LOSS - 1751 ALUM ROCK, LLC 9,937. FLOW THROUGH (INCOME) LOSS - 1721 BROADWAY, LLC -2,346. FLOW THROUGH (INCOME) LOSS - CAST POWERHOUSE MANAGER, LLC -68,528. SUSPENDED LOSSES 85,020. BOOK/TAX DIFFERENCE IN AMORTIZATION 1,860. CAST 447 MINNA LLC 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 843871348 REAL ESTATE CA 501(C)(3) 509(A)(3) COMMUNITY ARTS STABILIZATION TRUST 1 LIBERATION PARK MARKET HALL 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 884017793 REAL ESTATE CA 501(C)(3) 509(A)(3) COMMUNITY ARTS STABILIZATION TRUST 0 CAST 1007 MARKET LLC 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 611748683 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST RELATED -85470 3040055 0 1 0.90000 CAST 80 TURK LLC 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 611750021 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST RELATED -571 1362124 0 1 0.01000 CAST POWERHOUSE QALICB LLC 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 384055470 REAL ESTATE CA CAST POWERHOUSE MANAGER LLC RELATED -168895 6753897 0 1 0.51000 1721 BROADWAY LLC 988 MARKET STREET SUITE 700 SAN FRANCISCO CA 94102 922755926 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST RELATED -36577 8171549 0 1 0.93000 1751 ALUM ROCK LLC 1700 ALUM ROCK AVENUE SAN JOSE CA 95116 921551330 REAL ESTATE CA SCHOOL OF ARTS AND CULTURE AT MHP RELATED 55847 1217395 1 0 0.09700 CAST POWERHOUSE MANAGER LLC 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 611863224 INVESTING CA COMMUNITY ARTS STABILIZATION TRUST C 422475 946929 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CAST 1007 MARKET LLC D 85567 CASH CAST POWERHOUSE QALICB LLC Q 1341503 CASH 1721 BROADWAY LLC D 53780 CASH