2026-09-10T15:06:46-05:00 2025-12-31 946214841 ARMANINO ADVISORY LLC 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2025-01-01 770158519 TERRACE GARDENS INC TERR 8314385725 186 BERESFORD COURT MILPITAS CA 95035 JILL KAUFFMAN PRESIDENT 8314385725 2026-08-31 1 WANWAN ZHANG P00233621 4082006400 2026-08-31 2025 JILL KAUFFMAN 186 BERESFORD COURT MILPITAS CA 95035 2872441 0 X N/A X 1986 CA THE DEVELOPMENT AND MANAGEMENT OF LOW AND MODERATE INCOME HOUSING IN THE STATE OF CALIFORNIA. 6 6 0 7 0 0 199939 160758 2434528 2574997 128423 -49343 0 0 2762890 2686412 0 0 0 0 606951 612443 0 0 0 2022782 2180885 2629733 2793328 133157 -106916 10637121 10694943 410719 575457 10226402 10119486 THE PUBLIC PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED INCLUDE THE DEVELOPMENT AND MANAGEMENT OF LOW AND MODERATE INCOME HOUSING IN THE STATE OF CALIFORNIA. 0 0 1957823 1921659 THE ORGANIZATION DEVELOPS AND MANAGES THE OPERATIONS OF A RESIDENTIAL COMPLEX WHICH CONSISTS OF 148 RENTAL UNITS, 3 GUEST ROOMS, AND 2 STAFF UNITS. THE COMPLEX IS LOCATED IN THE CITY OF MILPITAS AND IS DEDICATED TO THE NEEDS OF ELDERLY PERSONS. A TOTAL OF 180 PEOPLE WERE SERVED DURING THE YEAR. 706256 653338 FOOD SERVICES ARE PROVIDED FOR THE WELL-BEING OF THE ELDERLY TENANTS, FOR A NUMBER OF 180 PEOPLE. 2664079 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X JOHN STEWART COMPANY 8314385725 104 WHISPERING PINES DR SUITE 200 SCOTT VALLEY CA 95066 X JILL KAUFFMAN PRESIDENT 1.00 X X 0 0 0 THOMAS VALORE VICE PRESIDENT 1.00 X X 0 0 0 STEVEN SHARP SECRETARY/TREASURER 1.00 X X 0 0 0 YOLIE GARCIA DIRECTOR 1.00 X 0 0 0 MARSHA GRILLI DIRECTOR 1.00 X 0 0 0 NASIR LALANI DIRECTOR 1.00 X 0 0 0 JAMES NICHOLS DIRECTOR (THRU 7/25) 1.00 X 0 0 0 0 0 0 0 0 0 0 JOHN STEWART COMPANY 1388 SUTTER ST 11TH FLOOR SAN FRANCISCO CA 94109 PAYROLL & MANAGEMENT SERVICES 720987 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 303682289 FOOD MANAGEMENT SERVICES 645770 USA EMPIRE REMODELS INC 1707 LITTLE ORCHARD ST UNIT B SAN JOSE CA 95125 REMODELING SERVICES 532258 3 160758 160758 RENT INCOME 532000 1877579 1877579 FOOD SERVICES 531390 688231 688231 LAUNDRY & VENDING INCO 531390 4595 4595 OTHER TENANTS SERVICES 531390 4592 4592 2574997 136686 136686 186029 -186029 -186029 -186029 2686412 2574997 0 -49343 476264 476264 7645 7645 89227 89227 39307 39307 85468 85468 1725 1725 40955 40955 97514 97514 2472 2472 89030 89030 5660 5660 334192 334192 25 25 2826 2826 363325 363325 124772 124772 FOOD SERVICE COSTS 706256 706256 REPAIRS AND MAINTENANCE 310862 310862 RECREATIONAL SUPPLIES 13901 13901 ADMIN MISC EXPENSES 1902 1902 2793328 2664079 129249 0 56213 41984 9957 9877 199999 160758 342 948 112919 129283 17339651 10843947 6600735 6495704 3656956 3856389 10637121 10694943 328825 495383 5694 5074 76200 75000 410719 575457 X 10225598 10118681 804 805 10226402 10119486 10637121 10694943 -106916 0 X 0 1 X 1 0 X 48816 26901 173641 199939 160758 610055 2319447 2304169 2367022 2434528 2574997 12000163 2368263 2331070 2540663 2634467 2735755 12610218 0 0 0 12610218 832 9333 67082 128423 136686 342356 832 9333 67082 128423 136686 342356 2369095 2340403 2607745 2762890 2872441 12952574 0.97360 0.98210 0.02640 0.01790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1565277 1565277 15354057 10457462 4896595 34677 29335 5342 385640 357150 28490 6495704 REPLACEMENT RESERVE 3776644 RESTRICTED CASH FOR CARILLON MAINTENANCE FUND 805 TENANTS SECURITY DEPOSITS 76760 OTHER DEPOSITS 2180 3856389 TENANTS SECURITY DEPOSITS 75000 75000 X 2686412 0 2686412 0 2686412 2793328 0 2793328 0 2793328 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA 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 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 TAX YEARS 2022 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR THE TAX YEARS 2021 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USED A MANAGEMENT COMPANY TO PERFORM ALL MANAGEMENT DUTIES AND UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. SUCH MANAGEMENT DUTIES INCLUDE HIRING, FIRING, AND SUPERVISING, PLANNING OR EXECUTING BUDGETS OR FINANCIAL OPERATIONS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO A BOARD OF DIRECTORS CONSISTING OF UP TO SEVEN (7)INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 7A ANY VACANCY OR VACANCIES ON THE BOARD OF DIRECTORS CAUSED BY EXPIRATION OF TERM, DEATH, RESIGNATION OR REMOVAL SHALL BE FILLED BY ACTION OF THE BOARD IN ACCORDANCE WITH THE CRITERIA SET FORTH IN THE BYLAWS AT A SPECIAL MEETING CALLED FOR THAT PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT COMPANY RECEIVES A PDF COPY FROM THE 990 RETURN PREPARER, REVIEWS THE RETURN AND PROVIDES A COPY FOR APPROVAL AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FROM 990, PART VI, SECTION B, LINE 14: THE ORGANIZATAION ADOPTED THE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY PROVIDED BY THE MANAGEMENT COMPANY.