2025-04-12T17:29:36-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2023-07-01 550830072 BAY AREA HOUSING CORPORATION BAYA 4084387392 101 CHURCH ST STE 4 LOS GATOS CA 95030 CAROL TURNER CFO 4084387392 2025-04-04 1 1 WANWAN ZHANG P01317662 4082006400 2025-04-03 2023 2025-03-06 01:10:19Z CAROL TURNER 101 CHURCH ST STE 4 LOS GATOS CA 95030 10020744 0 X WWW.BAHC1.ORG X 2003 CA PROVIDE HOUSING OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES & LOW INCOME POPULATIONS. 8 8 7 10 0 0 1614679 2384718 7342845 7506881 17618 98099 1285 19053 8976427 10008751 0 0 0 0 942089 870223 36800 5700 83165 4271176 4266303 5250065 5142226 3726362 4866525 68878679 71072720 20298014 17623547 48580665 53449173 X THE PRIMARY PURPOSE OF THIS CORPORATION IS TO PROVIDE AND MAINTAIN HOUSING OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES AND LOW INCOME POPULATIONS. 1 0 4227235 7513681 PROPERTY MANAGEMENT - IN COOPERATION WITH THE DEPARTMENT OF DEVELOPMENTAL SERVICES, SAN ANDREAS REGIONAL CENTER ("SARC") AND GOLDEN GATE REGIONAL CENTER ("GGRC"), THE ORGANIZATION HAS DEVELOPED A WELLRESPECTED HOUSING ORGANIZATION WITH A FINANCIALLY SUSTAINABLE PORTFOLIO.BAHC CURRENTLY OWNS 52 SCATTERED SITE, SINGLE FAMILY HOMES IN THE BAY AREA. HOMES WILL PROVIDE PERMENANT HOUSING OPPORTUNITIES FOR A VULNERABLE AND OFTEN INVISIBLE PART OF OUR COMMUNITY. CURRENT CAPACITY PROVIDES SPECIALIZED HOUSING FOR UP TO 208 INDIVIDUALS AT ANY ONE TIME. OVER THE YEARS, BAHC'S HOMES HAVE BEEN A SAFE, SUPPORTIVE HOME FOR AN ESTIMATED 400 PEOPLE, AND WILL CONTINUE TO BE (CONTINUED ON SCHEDULE O) A COMMUNITY RESOURCE INTO THE FUTURE.CASA MILAGRO - IN 2007, THE ORGANIZATION FORMED A LIMITED LIABILITY COMPANY, CASA MILAGRO, LLC. THIS LLC HOLDS THE 32 HOMES ACQUIRED UNDER THE BAY AREA HOUSING PLAN, BETWEEN 2003 AND 2011. THESE PROPERTIES WERE REFINANCED WITH A 15 YEAR BOND ISSUED IN 2011.MAS MILAGROS - IN 2010, THE ORGANIZATION FORMED ANOTHER LIMITED LIABILITY COMPANY, MAS MILAGROS, LLC. THIS LLC HOLDS 4 PROPERTIES, ACQUIRED BETWEEN 2011 AND 2015. THESE PROPERTIES HAVE "FORGIVABLE" LOANS FROM CITY AND COUNTY OF SANTA CLARA, AND ARE ENCUMBERED BY RESTRICTIVE COVENANTS. INTEREST IS ACCRUED ANNUALLY, AND $90,000 WAS PAID DURING THE YEAR ENDED JUNE 30, 2024. THESE LOANS WILL BE FORGIVEN OVER TIME.CPP PROPERTIES - CPP HOLDS 16 PROPERTIES ACQUIRED UNDER THE COMMUNITY PLACEMENT PLAN ("CPP"), BETWEEN 2016 AND 2024. THESE PROPERTIES WERE FINANCED WITH A COMBINATION OF GRANTS FROM THE STATE OF CALIFORNIA AND COMMERCIAL LOANS. IN FISCAL 2023-24, THE ORGANIZATION ADDED ONE HOME TO THE CPP PORTFOLIO. RENOVATIONS ARE ONGOING AT YEAR END. BAHC IS ACTIVELY WORKING ON CONTRACTS TO ACQUIRE AND RENOVATE TWO ADDITIONAL CPP HOMES IN THE NEXT YEAR. BAHC, CASA MILAGRO, MAS MILAGROS AND CPP PORTFOLIO ARE COLLECTIVELY REFERRED AS THE ORGANIZATION". 363118 PROJECT DEVELOPMENT - BAHC IS ACTIVE IN SEEKING NEW PROPERTIES TO ADD TO ITS PORTFOLIO TO EXPAND ITS MISSION IN PROVIDING SPECIAL NEEDS HOUSING FOR THOSE WITH DEVELOPMENTAL DISABILITIES. BAHC IS ACTIVE IN SECURING CONTRACTS TO UTILIZE ITS EXPERTISE IN PROJECT DEVELOPMENT AND MANAGEMENT. 124330 WITH THE FUNDS THAT WERE RAISED FROM THE BOCCE EVENT, IT ALLOWED THE ORGANIZATION TO RECEIVE A GRANT FROM SANTA CLARA COUNTY OF MATCHING FUNDS. THESE COMBINED FUNDS HAVE ALLOWED THE ORGANIZATION TO COMPLETE A TOTAL OF 7 PROJECTS WITHIN SANTA CLARA COUNTY, TOTALING TO OVER $70,000 WORTH OF WORK. THESE PROJECTS HAVE RANGED FROM SHOWER INSTALLATIONS TO FULL BATHROOM REMODELS, FENCING, FLOORING, AND PAINTING. 4714683 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 20 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X LYNN MYERS BOOKKEEPING SERVICE 8316882919 9055 SOQUEL DRIVE SUITE H APTOS CA 95003 JON GUNDERSON BOARD CHAIR 0.30 X X 0 0 0 KATHY ROBINSON SECRETARY 0.30 X X 0 0 0 KAREN COTTLE DIRECTOR 0.30 X 0 0 0 JEFFERY DARLING DIRECTOR 0.30 X 0 0 0 KATHY HEBERT AUDIT CO-CHAIR 0.30 X 0 0 0 UDAY KAPOOR DIRECTOR 0.30 X 0 0 0 CLARE MCDERMOTT DIRECTOR 0.30 X 0 0 0 TED MOORHEAD AUDIT CO-CHAIR 0.30 X 0 0 0 KRIS MCCANN PRESIDENT OF BOARD/ED 40.00 1.00 X 211850 0 13476 CAROL TURNER CFO 40.00 1.00 X 143243 0 8859 OCTAVIO FARFAN DEVELOPMENT MANAGER 40.00 X 120437 0 3013 REGGIE VEGA PROPERTY MANAGER 40.00 X 100706 0 18102 576236 0 43450 4 0 1 0 IQ CONSTRUCTION 926 N 14TH STREET SAN JOSE CA 95112 CONSTRUCTION 639219 QUIROZ CONSTRUCTION INC 105 N 27TH AVE SAN JOSE CA 95116 CONSTRUCTION 294375 2 31265 2217058 136395 2384718 PROGRAM RENTAL INCOME 531110 6051506 6051506 PROPERTY MANAGMENT 531310 1455375 1455375 7506881 98099 98099 18951 31265 11993 6958 6958 5295 0 5295 5295 REIMBURSED PAYMENT 531110 6800 6800 6800 10008751 7513681 0 110352 389734 229642 125318 34774 375130 351975 23155 7340 6765 575 44816 42012 2616 188 53203 41163 10000 2040 137755 137755 5700 5700 71177 49175 2616 19386 33721 12607 15729 5385 30205 25344 4226 635 18488 17792 596 100 1496186 1489922 5369 895 31035 29786 436 813 3525 2908 529 88 1236885 1236885 1152224 1152224 33652 24785 8452 415 FUNDRAISING EXPENSES 11993 11993 STATE TAXES AND LLC FEE 9457 1698 7006 753 5142226 4714683 344378 83165 1690442 1846921 39747 4747 373424 426830 44820 6999 63954 54534 75699315 14095982 60073148 61603333 422297 6593144 6707059 68878679 71072720 43917 71068 440249 379042 6693177 4126179 10113713 11053307 3006958 1993951 20298014 17623547 X 41482747 45425410 7097918 8023763 48580665 53449173 68878679 71072720 4866525 1983 0 X 0 1 X 1 0 X 1066622 1018358 1170635 1614679 2384718 7255012 6869579 7051369 7265017 7379814 7513681 36079460 7936201 8069727 8435652 8994493 9898399 43334472 4000 7814 16000 38900 3500 70214 5165619 5280980 5178461 5144876 5207448 25977384 5169619 5288794 5194461 5183776 5210948 26047598 17286874 1064 1076 967 17618 98099 118824 1064 1076 967 17618 98099 118824 39908 12253 52161 7937265 8070803 8476527 9012111 10008751 43505457 0.39730 0.39800 0.00270 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26932553 26932553 45697511 13675760 32021751 3069251 420222 2649029 61603333 RESTRICTED DEPOSITS FOR HOUSING PREDEVELOPMENT FUND 246515 SURPLUS FUNDS RESERVE 749071 REPLACEMENT RESERVE 1431364 DEBT SERVICE RESERVE 4280109 6707059 ACCRUED INTEREST 425501 TAXABLE BOND LIABILITY 1568450 1993951 X 10010734 1983 1983 10008751 0 10008751 5142226 0 5142226 0 5142226 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS AND ITS STATE LIMITED LIABILITY COMPANY TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS FOR THE PREVIOUS 3 YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR THE PREVIOUS 4 YEARS REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. BOCCE 50216 31265 18951 10937 1056 50216 31265 18951 10937 1056 11993 6958 X 0 0 0 0 0 0 0 1 0 KRIS MCCANN PRESIDENT OF BOARD/ED 186850 0 25000 0 0 0 5605 0 7871 0 225326 0 0 0 CAROL TURNER CFO 118243 0 25000 0 0 0 3547 0 5312 0 152102 0 0 0 PART I, LINE 3 THE BOARD APPOINTS A COMMITTEE, CONSISTING OF TWO OR MORE DIRECTORS, THAT OBTAINS THE AUTHORITY TO APPROVE THE COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ANY COMMITTEE. PART I, LINE 7 BONUSES GIVEN TO THE PRESIDENT OF THE BOARD AND CFO ARE DISCRETIONARY. THE BOARD OF DIRECTORS DETERMINED THE BONUS POOL AMOUNT AS WELL AS THE DISTRIBUTION TO EACH EMPLOYEE. A CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 521643828 13033LLD7 2011-02-01 30786202 REFINANCE INDEBTEDNESS RELATING TO EXISTING COMMUNITY BASED RESIDENCE 0 0 1 A 26660023 30786202 3034026 26140114 339865 1272197 2011 1 0 1 1 A 1 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 2C: ALL BOND PROCEEDS WERE SPENT FOR REFINANCE OF PRIOR DEBTS. NO PROCEEDS WERE EVER INVESTED. FORM 990, PART III, LINE 2 IN FISCAL 2023-24, THE ORGANIZATION HIRED A FULL TIME PROGRAM MANAGER TO LAUNCH THE COMMUNITY PROGRAMS AND FOCUS ON PROMOTING AND FULFILLING THE MISSION. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE 990 FORM AND AFTERWARDS, ALL BOARD MEMBERS RECEIVE A COPY OF THE COMPLETED 990 FORM BEFORE THE STAFF SUBMITS THE FORM FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE STAFF AND BOARD MEMBERS OF THE ORGANIZATION COMPLETE AN ANNUAL DECLARATION OF ANY ACTIVITIES THAT COULD BE A CONFLICT OF INTEREST. THEY ARE REQUIRED TO SIGN AND DATE THIS FORM AND THEN SUBMIT IT FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE BASED ON A RANGE OF SALARY RATES FOR COMPARABLE POSITIONS IN COMPARABLE NONPROFIT AGENCIES. INITIAL SALARY RANGES WERE APPROVED BY OUR FUNDING AGENCY, SAN ANDREAS REGIONAL CENTER, AND BY OUR BOARD OF DIRECTORS. AFTER THE INITIAL SALARY RATE HAS BEEN SET, THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS FOR SALARY INCREASES BASED ON PERFORMANCE AND BUDGET ALLOWANCES. ALL SALARY INCREASES OR BONUSES MUST BE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION ARE AVAILABLE UPON REQUEST. CASA MILAGRO LLC 101 CHURCH ST STE 4 LOS GATOS CA 95030 870771651 REAL ESTATE AND PROPERTY OWNERSHIP CA 4773948 42285768 BAY AREA HOUSING CORPORATION MAS MILAGROS LLC 101 CHURCH ST STE 4 LOS GATOS CA 95030 274336516 REAL ESTATE AND PROPERTY OWNERSHIP CA 114218 3675022 BAY AREA HOUSING CORPORATION