2025-11-12T11:06:51-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2024-01-01 941665562 COLLEGE TOWN APARTMENTS COLL 9165679500 2150 RIVER PLAZA DRIVE 120 SACRAMENTO CA 95833 DOUG POPE PRESIDENT 9165679500 2025-11-12 1 1 JOLANTA TUCK P01340068 9164429100 2025-11-11 2024 2025-03-06 01:10:19Z DOUG POPE 2150 RIVER PLAZA DRIVE 120 SACRAMENTO CA 95833 2704857 0 X N/A X 1969 CA TO PROVIDE LOW-INCOME HOUSING TO COLLEGE STUDENTS AND THEIR FAMILIES 4 4 0 5 0 0 0 0 2599052 2615157 38307 34602 44913 55098 2682272 2704857 0 0 0 0 0 0 0 0 0 2670780 2400308 2670780 2400308 11492 304549 6054730 6195648 3442595 3278964 2612135 2916684 TO PROVIDE LOW-INCOME HOUSING TO COLLEGE STUDENTS AND THEIR FAMILIES 0 0 2209126 2670255 LOW-INCOME HOUSING FOR COLLEGE STUDENTS AND THEIR FAMILIES 2209126 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X TRICIA GAIDUK 9165679500 2150 RIVER PLAZA DRIVE SACRAMENTO CA 95833 X DOUG POPE PRESIDENT 0.50 X X 0 0 0 LINDA MARTIN VICE PRESIDENT 0.50 X X 0 0 0 JOHN MELIKIAN SECRETARY/TREASURER 0.50 X X 0 0 0 DAWN CORNELIUS DIRECTOR 0.50 X 0 0 0 TANIA NUNEZ DIRECTOR (UNTIL 05/02/24) 0.50 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 2603801 2603801 APPLICATION FEES 531110 7070 7070 TENANT CHARGES 531110 4286 4286 2615157 34602 34602 LAUNDRY AND VENDING 900099 55098 55098 55098 2704857 2670255 0 34602 529169 354297 174872 16310 16310 4810 4810 34867 34867 1619740 1619740 4106 4106 179843 179843 533 533 BAD DEBTS 9396 9396 MISC. TAXES, LICENSES, 1534 1534 2400308 2209126 191182 0 739917 871672 731 731 127294 127606 10572304 8917400 1834747 1654904 3352041 3540735 6054730 6195648 148374 99580 9624 21951 203511 212231 3081086 2945202 3442595 3278964 X 2612135 2916684 2612135 2916684 6054730 6195648 304549 0 X 0 1 X 0 1 1 X 57466 57466 2253707 2387450 2450057 2599052 2615157 12305423 2253707 2444916 2450057 2599052 2615157 12362889 0 0 0 12362889 21573 13536 5989 38307 34602 114007 21573 13536 5989 38307 34602 114007 28024 43987 53432 44913 55098 225454 2303304 2502439 2509478 2682272 2704857 12702350 0.97330 0.87400 0.00900 0.00880 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING MISC REVENUE - 2020 AMOUNT: $ 28,024. 2021 AMOUNT: $ 43,987. 2022 AMOUNT: $ 53,432. 2023 AMOUNT: $ 44,913. 2024 AMOUNT: $ 55,098. 0 1 X 453761 453761 8541921 7753717 788204 83279 23654 59625 1493343 1140029 353314 1654904 ESCROW DEPOSITS 197755 RESERVE FOR REPLACEMENTS 1172417 TENANT DEPOSITS 212951 OTHER RESERVES 1957612 3540735 X 2747912 43055 43055 2704857 0 2704857 2443363 43055 43055 2400308 0 2400308 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS MANAGED BY THE NATOMA COMPANY, AN UNRELATED PARTY. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD, THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 6% OF MONTHLY RENTAL COLLECTIONS. SUCH FEES CHARGED TO OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2024 WERE $174,872, ALL OF WHICH HAVE BEEN PAID. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND KEY MANAGEMENT EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT THAT IS CIRCULATED ANNUALLY BY THE ORGANIZATION. IF A CONFLICT ARISES, THE INDIVIDUAL WOULD BE REQUIRED TO RECUSE HIS/HERSELF FROM DISCUSSION AND VOTING ON THE ISSUE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF ORGANIZATION'S GOVERNING DOCUMENTS: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION BY CONTACTING THE NATOMA COMPANY AT 916-567-9500.