2025-01-30T19:07:29-06:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 1188 PADRE DRIVE STE 101 SALINAS CA 93901 990 2023-04-01 942465776 INDEPENDENCE SQUARE HOUSING CORPORATION INC INDE 8317246396 1355 MADISON STREET WATSONVILLE CA 95076 ARI PARKER VICE-PRESIDENT 8317246396 2025-01-30 1 1 AUTUMN ROSSI P01404602 8317596300 2025-01-30 2023 2025-03-06 01:10:19Z MARSHA MARANI 1355 MADISON STREET WATSONVILLE CA 95076 2167761 0 X N/A X 1977 CA OPERATE APARTMENT COMPLEX AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS. 6 6 18 6 0 0 1559752 1674717 435570 405775 3011 87269 0 0 1998333 2167761 0 0 0 0 864720 869369 0 0 0 818756 847148 1683476 1716517 314857 451244 3023001 3486946 125769 135616 2897232 3351330 TO OPERATE A 100 UNIT APARTMENT COMPLEX LOCATED IN WATSONVILLE, CALIFORNIA, AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS THROUGH MORTGAGE FINANCING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). 0 0 1157157 0 405775 TO OPERATE A 100 UNIT APARTMENT COMPLEX LOCATED IN WATSONVILLE, CALIFORNIA, AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS THROUGH MORTGAGE FINANCING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE ORGANIZATION OPERATES THE APARTMENT COMPLEX UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT, UTILIZING THE HUD SECTION 8 RENT SUBSIDY PROGRAM FOR ELIGIBLE TENANTS. 1157157 1 1 0 0 0 0 0 0 0 0 1 0 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 0 0 1 14 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 CA X MANAGEMENT AGENT 8317243814 1355 MADISON STREET WATSONVILLE CA 95076 ARI PARKER VICE PRESIDENT 1.00 X X 0 0 0 EDWARD ACOSTA TREASURER 1.00 X X 0 0 0 PHILIP A STEPHENS TRUSTEE 1.00 X 0 0 0 MARTHA VICTORIA VEGA TRUSTEE 1.00 X 0 0 0 GRACE GOMEZ TRUSTEE 1.00 X 0 0 0 RAMON GOMEZ PRESIDENT 1.00 X X 0 0 0 PHILLIP YBARRA TRUSTEE 1.00 X 0 0 0 DENNIS CHAMBERLAIN TRUSTEE 1.00 X 0 0 0 DAVID JOHNSTON MGMT AGENT 40.00 X 66400 0 0 66400 0 0 0 0 0 0 0 1674717 1674717 RENTAL REVENUE 532000 396056 396056 LAUNDRY & MISC REVENUE 532000 9719 9719 405775 87269 87269 2167761 405775 0 87269 66400 66400 527648 279251 248397 233256 233256 42065 42065 35450 35450 77856 77856 56365 332 56033 197358 149478 47880 3625 3625 54299 54299 95080 95080 REPAIRS & MAINTENANCE 246552 246552 GARBAGE 33643 33643 SUPPLIES 24399 3282 21117 SECURITY 4907 4907 17614 15012 2602 1716517 1157157 559360 0 284900 132726 880907 1428240 4681713 4050818 619376 630895 1237818 1295085 3023001 3486946 90586 100291 35183 35325 125769 135616 X 2897232 3351330 2897232 3351330 3023001 3486946 451244 2854 0 X X 0 1 X 1 1 1 X 1428950 1452778 1516818 1559752 1674717 7633015 1428950 1452778 1516818 1559752 1674717 7633015 7633015 145 256 298 3011 87269 90979 7723994 1942679 0.98820 0.99950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117360 117360 3032126 3032126 0 1354208 888432 465776 178019 130260 47759 0 630895 RESERVE FOR REPLACEMENTS 1259748 TENANT DEPOSITS 33121 PET DEPOSIT IN TRUST 2216 1295085 TENANT SECURITY DEPOSITS 33109 PET SECURITY DEPOSITS 2216 35325 FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - PER HUD REGULATIONS A MANAGEMENT AGREEMENT IS NEGOTIATED WITH THE MANAGEMENT AGENT WHO OVERSEES THE OPERATIONS OF THE ESTABLISHMENT. THIS INDIVIDUAL IS NOT CONSIDERED AN EMPLOYEE OF THE ORGANIZATION. DAVID JOHNSTON CURRENTLY ACTS IN THIS ROLE AND WITH THE OVERSIGHT OF THE BOARD AND HUD. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD OF DIRECTORS HAS THE RESPONSIBILITY FOR REVIEWING THE FORM 990 INCLUDING SCHEDULES BEFORE IT IS FILED WITH THE IRS. A DRAFT FORM 990 WILL BE READY FOR REVIEW BY THE BOARD OF DIRECTORS PRIOR TO THE FILING DEADLINE. ALL OF THE QUESTIONS, COMMENTS AND SUGGESTED REVISIONS SET FORTH BY THE BOARD OF DIRECTORS WILL BE DOCUMENTED, ALONG WITH RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. THE FORM 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE MANAGEMENT AGENT IS DETERMINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WHICH IS DOCUMENTED IN THE MANAGEMENT AGENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON INDIVIDUAL REQUEST TO THE MANAGEMENT AGENT. FORM 990 PART XII LINES 2B, 2C, 3A,3B THE ORGANIZATION IS IN THE PROCESS OF COMPLETING THE ANNUAL AUDIT FOR THE YEAR ENDED MARCH 31, 2024. IT IS NOT YET COMPLETE AT THE TIME OF 990 FILING.