2025-11-17T12:05:09-06:00 2024-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-01-01 465478037 BOLD COMMUNITIES BOLD 6504641319 4915 GAMBIER STREET LOS ANGELES CA 90032 MICHAEL MILLER PRESIDENT 6504641319 2025-11-14 1 0 MARC A KOTSONAS P00544551 6512276695 2025-11-14 2024 2025-03-06 01:10:19Z MICHAEL MILLER 4915 GAMBIER STREET LOS ANGELES CA 90032 3105096 0 X WWW.BOLDCOMMUNITIES.ORG X 2014 CA TO FOSTER, SUPPORT, CONSTRUCT, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND/OR OPERATE AND PROVIDE QUALIFIED AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES, QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY CHALLENGED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES. 5 3 0 3 0 0 125000 1036565 1246229 2057962 2826 10569 0 0 1374055 3105096 0 0 0 0 0 0 0 0 0 199580 403292 199580 403292 1174475 2701804 1189101 3888655 2250 0 1186851 3888655 X TO FOSTER, SUPPORT, CONSTRUCT, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND/OR OPERATE AND PROVIDE QUALIFIED AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES, QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY CHALLENGED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES. 0 0 43514 2057962 1: AFFORDABLE HOUSING DEVELOPMENT - SAN DIEGO COUNTY PERMANENT SUPPORTIVE HOUSINGCOMPLETED CONSTRUCTION AND STABILIZATION OF A 41-UNIT, 100% AFFORDABLE PERMANENT SUPPORTIVE HOUSING DEVELOPMENT SERVING FORMERLY HOMELESS INDIVIDUALS AND FAMILIES EARNING AT OR BELOW 30% OF AREA MEDIAN INCOME (AMI). THE DEVELOPMENT INCLUDES STUDIO, ONE-BEDROOM, AND TWO-BEDROOM UNITS WITH ON-SITE SUPPORTIVE SERVICES AND AMENITIES INCLUDING OUTDOOR OPEN SPACE AND A DOG RUN.LOCATED IN SAN DIEGO COUNTY, THE PROJECT REPRESENTS PHASE II OF A COMPREHENSIVE CAMPUS DEVELOPMENT ADJACENT TO A FEDERALLY QUALIFIED HEALTH CENTER, PROVIDING RESIDENTS WITH DIRECT ACCESS TO MEDICAL AND WELLNESS SERVICES. THE DEVELOPMENT UTILIZED INNOVATIVE MODULAR CONSTRUCTION WITH REPURPOSED SHIPPING CONTAINERS FABRICATED OFF-SITE, ENABLING COMPLETION IN APPROXIMATELY 14 MONTHS.FINANCING WAS STRUCTURED THROUGH A COMBINATION OF STATE AND LOCAL SUBSIDIES ALONG WITH PROJECT-BASED VOUCHERS, WITHOUT UTILIZING LOW-INCOME HOUSING TAX CREDITS. TOTAL DEVELOPMENT COST: APPROXIMATELY $23,000,000. 2: AFFORDABLE HOUSING DEVELOPMENT - SAN JOAQUIN COUNTY FAMILY AND FARMWORKER HOUSINGCLOSED CONSTRUCTION FINANCING AND COMMENCED DEVELOPMENT OF A 100-UNIT, 100% AFFORDABLE HOUSING COMMUNITY SERVING LOW-INCOME FAMILIES AND AGRICULTURAL WORKERS IN SAN JOAQUIN COUNTY EARNING BETWEEN 30% AND 60% OF AREA MEDIAN INCOME (AVERAGE AFFORDABILITY APPROXIMATELY 47% AMI).THE THREE-STORY, WOOD-FRAME DEVELOPMENT WILL INCLUDE ONE-, TWO-, AND THREE-BEDROOM UNITS WITH COMPREHENSIVE ON-SITE AMENITIES INCLUDING A TOT LOT, COMMUNITY ROOM, PASEO OPEN SPACE, ON-SITE LAUNDRY FACILITIES, SURFACE PARKING WITH ELECTRIC VEHICLE CHARGING STATIONS, BIKE PARKING, AND HEALTH AND WELLNESS SERVICES PROVIDING LIFE-SKILLS PROGRAMMING FOR RESIDENTS.THE PROJECT IS FINANCED THROUGH STATE SUBSIDIES, TAX-EXEMPT BONDS, AND 4% FEDERAL LOW-INCOME HOUSING TAX CREDITS. CONSTRUCTION COMPLETION IS SCHEDULED FOR FALL 2026.3: AFFORDABLE HOUSING DEVELOPMENT - SACRAMENTO COUNTY FAMILY HOUSINGCLOSED CONSTRUCTION FINANCING AND COMMENCED DEVELOPMENT OF A 140-UNIT, 100% AFFORDABLE HOUSING COMMUNITY SERVING LOW-INCOME FAMILIES IN SACRAMENTO COUNTY EARNING BETWEEN 30% AND 70% OF AREA MEDIAN INCOME.THE THREE-STORY, WOOD-FRAME DEVELOPMENT WILL INCLUDE ONE-, TWO-, AND THREE-BEDROOM UNITS WITH COMPREHENSIVE ON-SITE AMENITIES INCLUDING A TOT LOT, COMMUNITY ROOM, PASEO OPEN SPACE, ON-SITE LAUNDRY FACILITIES, SURFACE PARKING WITH ELECTRIC VEHICLE CHARGING STATIONS, BIKE PARKING, AND HEALTH AND WELLNESS SERVICES PROVIDING LIFE-SKILLS PROGRAMMING FOR RESIDENTS.THE PROJECT IS FINANCED THROUGH TAX-EXEMPT BONDS, 4% FEDERAL LOW-INCOME HOUSING TAX CREDITS, STATE TAX CREDITS, AND EIGHT PROJECT-BASED VOUCHERS. CONSTRUCTION COMPLETION IS SCHEDULED FOR FALL 2026. 43514 1 1 0 0 0 0 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 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X MICHAEL MILLER 6504641319 4915 GAMBIER STREET LOS ANGELES CA 90032 MICHAEL MILLER PRESIDENT 70.00 X X 0 0 0 OSCAR SOLARES TREASURER / SECRETARY 1.00 X X 10000 0 0 SANJAY CHAND BOARD MEMBER 1.00 X 0 0 0 JOSEPH PHILLIPS BOARD MEMBER 1.00 X 0 0 0 JULIAN PHILLIPS BOARD MEMBER 1.00 X 0 0 0 10000 0 0 0 0 0 0 BOLD CAPITAL LLC 2625 WHITNEY DRIVE ALHAMBRA CA 91803 CONSULTING SERVICES 300000 1 986565 50000 1036565 DEVELOPER FEE REVENUE 531390 2032970 2032970 PARTNER FEE REVENUE 531390 15450 15450 ASSET MANAGEMENT FEES 900099 9542 9542 2057962 10569 10569 3105096 2057962 0 10569 X 300000 300000 52250 52250 40624 40624 140 140 3319 3319 443 443 919 919 MISCELLANEOUS EXPENSES 5597 2750 2847 403292 43514 359778 0 17093 9365 362826 350580 986565 767139 1444044 1071003 51 42043 27047 1189101 3888655 2250 0 2250 0 X 1186851 3888655 1186851 3888655 1189101 3888655 2701804 0 X 0 1 X 1 0 X 30000 17000 125000 1036565 1208565 30000 17000 125000 1036565 1208565 5561 1203004 2826 10569 13395 1221960 3304191 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS STATED THERE ARE CURRENTLY NO TAX EXAMINATIONS PENDING OR IN PROGRESS. BOLD CAPITAL LLC BOLD CAPITAL LLC IS OWNED BY MICHAEL MILLER 300000 MANAGEMENT SERVICES 0 FORM 990, PART VI, SECTION A, LINE 2 JOSEPH PHILLIPS AND JULIAN PHILLIPS ARE SIBLINGS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT REVIEWS THE 990 BEFORE DISTRIBUTING A COPY TO THE BOARD FOR REVIEW AND ADDITIONAL COMMENT, IF ANY. FORM 990, PART VI, SECTION B, LINE 12C THROUGH QUARTERLY REVIEW AND REGULAR COMMUNICATION WITH THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT: PROGRAM SERVICE EXPENSES 40,624. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,624. PART VII, COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, ETC BOLD COMMUNITIES PAYS BOLD CAPITAL LLC FOR MANAGEMENT SERVICES. MICHAEL MILLER OWNS BOLD CAPITAL LLC. 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