2022-02-15T14:49:07-08:00 2021-03-31 PETER J SINAMBAL CPA 2230 W CHAPMAN AVE APT 136 ORANGE CA 95868 990 2020-04-01 237113307 PICO UNION HOUSING CORPORATION PICO 2137472790 10380 VENICE BLVD LOS ANGELES CA 900153232 MARIO MORALES PRESIDENT 2137472790 2021-07-07 true MARIO MORALES XXX-XX-XXXX PETER J SINAMBAL P00060197 7142707834 2022-02-15 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z MARIO MORALES 1038 W VENICE BLVD LOS ANGELES CA 90015 13772739 false X N/A X 1971 CA To provide affordable low income rental housing to qualified low income individuals and families and various social services to undeserved community. 6 6 39 6 0 0 325393 0 9202191 13772739 110512 0 0 0 9638096 13772739 0 0 2901218 2689198 0 0 9094173 13411478 11995391 16100676 -2357295 -2327937 115997760 136534243 96768497 106205212 19229263 30329031 To provide affordable low income rental housing to qualified low income individuals and families and various social services to undeserved community. false false 15896854 0 13772739 To provide affordable low income rental housing to qualified individuals and families and various social services to undeserved community. 15896854 true false false false false false false false false false true false true true true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true X 31 0 39 true false false false false false false false false false false false false false false false false X 6 6 false false false false false false false true false false false true false false false true false false CA X Zahra Bandaoui 2137472790 1038 W Venice Blvd Los Angeles CA 90015 1Gloria Farias Executive Director 55.00 X 465000 0 0 2Mario Morales President 5.00 X X 0 0 0 3Wilfrido Pineda Treasurer 3.00 X X 0 0 0 4Rosa NOVOA Secretary 3.00 X X 0 0 0 5Esperanza Bello Cortez Board Member 3.00 X 0 0 0 6 Celia Ramirez Board Member 3.00 X 0 0 0 465000 0 0 1 false true false GENNY ALBERTS 334 Normandie Ave Ste 104 Los Angeles CA 90004 Consultant services 150000 1 0 0 Rents-low income housing 531110 7209697 0 0 TenantAssistance Payment 531110 4826311 0 0 Excess Rent 531110 4320 0 0 Tenant's and other related income 531110 1569817 0 0 Partnership income 531110 79406 0 0 83188 0 0 13772739 0 0 0 13772739 13772739 0 0 465000 465000 0 0 1691351 1691351 0 0 354270 354270 0 0 178577 178577 0 0 592309 592309 0 0 73389 73389 0 0 203822 0 203822 0 14124 14124 0 0 438317 438317 0 0 4070742 4070742 0 0 2994711 2994711 0 0 463299 463299 0 0 Repairs & Maintenance 1592049 1592049 0 0 Utilities 1170673 1170673 0 0 Security contract 37584 37584 0 0 Garbage & Thrash 281529 281529 0 0 1478930 1478930 0 0 16100676 15896854 203822 0 1164165 891038 290561 318760 1060618 3202770 2438716 2438716 161917 234332 118612627 8682912 105010633 109929715 557628 14969268 1792176 1394938 3521346 3154706 115997760 136534243 2953304 4525193 27936 240250 89901868 98689082 3498317 2044029 387072 706658 96768497 106205212 X 19229263 30329031 19229263 30329031 115997760 136534243 X -2327937 13427705 X false true X false false true X 0 0 990794 318932 281197 325393 494716 2411032 2296892 2703906 10571990 9202191 13194835 37969814 0 0 3287686 3022838 10853187 9527584 13689551 40380846 0 0 0 40380846 2196986 523134 432729 110512 83188 3346549 2196986 523134 432729 110512 83188 3346549 43727395 0.92350 0.90340 0.07650 0.09660 X 0 40721358 40721358 77891269 8682912 69208357 109929715 Investment in Partnership 14547831 C Investment in Low Income Housing 189849 C Cash Surrender Value -Life Insurance 231588 F 14969268 Advances to related Organization 129287 Deposit on Property for Development 371403 Mortgage Escrow Deposit 591546 Replacement & Operating Reserve Deposit 1758332 Other deposits 84138 Interest reserve 220000 3154706 Tenants Security Deposit 414820 Bank loans 29538 PPP LOANS 262300 706658 X 13772739 13772739 13772739 16100676 16100676 16100676 Pt X, Line 2 Uncertain Tax Position: The management has considered if the organization has adopted any uncertain tax positions Pt X, Line 2 that might be challenged by the Internal Revenue Service, resulting in the assessment of tax and they determined that it has not adopted any such uncertain tax position/s. false false false false false false false false false 1Gloria Farias 250000 0 215000 0 0 0 0 0 0 0 465000 0 0 0 Other Pt II, Line 1: Base Salary. In consideration of Executive Director's performance of all of her duties and responsibilities hereunder and her observance of all of the covenants, conditions and restrictions contained herein, Executive Director shall be entitled to receive retroactive January 1, 2020 through the first anniversary hereof, a base salary of Two Hundred and Fifty Thousand Dollars ($250,000.00) per annum. Base Salary Increases. Upon each anniversary of this Agreement, Pico Union Housing Corporation (PUHC) will consider an increase in Executive Director's Base Salary. Executive Director's qualifies for a Base Salary increase of fifty thousand dollars ($50,000) on the first anniversary of this Agreement. Upon each subsequent anniversary of this Agreement, Executive Director's qualifies for a Base Salary increase of twenty five thousand dollars ($25,000). However, any and all Base Salary increases shall be at the discretion of PUHC and must be approved beforehand by the Board of Directors. The discretion of PUHC in paying an increased Base Salary will be based, among other things, on the annual performance of PUHC, the financial condition of PUHC, market conditions, and Executive's performance. Bonus Eligibility: (A) Eligibility for any bonus amount above and beyond the Base Salary shall be solely at the discretion of PUHC. Nothing herein should be construed as a guarantee that any amount of bonus shall be paid to Executive Director. The discretion of PUHC in paying any bonus amount will be based, among other things, on the annual performance of PUHC, the financial condition of PUHC, market conditions, and Executive's performance. B. Executive Director will initially qualify for an annual bonus of $400,000. Upon each subsequent anniversary of this Agreement, the annual bonus Executive shall qualify for will increase by $25,000, based upon the discretion of PUHC as set forth. Pt VI, Line 3 The California Housing Finance Agency (CHFA)and the US Department of Housing and Urban Development are the regulatory agencies that supervises the operation of housing/ rental properties with authority in certain decision. The organization also provides on-time regular maintenace services to ensure its low income housing projects in a excellent Housing Quality Standards as required by the housing agencies. Pt VI, Line 12c The members of the Board of Directors are asked constantly to disclose any conflict of interest in each meeting or any time appropriately called for. Pt VI, Line 11b The officers and Board members are provided with the tax returns for review and approval before they are filed. Pt VI, Line 19 The documents , financial reports, and others are available to the public at the principal office of the organization and are provided upon request. Pt VI, Line 8b No committee created. Pt V, Line 14b Schedule R, PRT 1: Dolores Terravista Housing, LLC, a Delaware Limited Liability Company (EIN # 84-4734188) was purchased on March 10, 2020 of various multifamily housing projects with seven hundred seventy two units (772) located in San Antonio, Texas, in the amount of $41,600,000. Pico-Union Housing Corporation,a California nonprofit corporation, is the sole LLC member of the Dolores Terravista Housing LLC. Other Schedule R, PRT !: Pico-Union Housing Toberman/Albany 2019 LLC, a California Limited Liability Company (EIN # 83-4216238) has purchased on May 9, 2019, a multifamily housing project with twelve units (12) in Los Angeles, California, in the amount of $2,700,000. Pico-Union Housing Corporation,a California nonprofit corporation, is the sole LLC member of the said LLC. Pt V, Line 14b The company is not engaged in an indoor tanning services. Pt XI Pt Line 9: Capital contributions - Dolores Terra Vista Housing LLC - EIN#84-4734188 (Pico Union Housing Corp, a sole LLC member) :$13,644,468. Net Asset without donor restrictions, Non-controlling: ($216,763.) Pt VI, Line 15a In determining the compensation of the Executive Director, the Board of Directors of Pico Union Housing Corporation has reviewed the comparability data done by an independent persons/entity and made a contermporenous subtantation of the deliberation and its final decision to ensure competitivenes with external markets and for internal equity in relation to the employee wages and benefits and the organizational performance and its financial resources of Pico Union Housing Corp. PICO-UNION HOLDINGS TOBERMANALBANY 2016 LLC 1038 VENICE BLVD LOS ANGELES CA 90015 834216238 MULTIFAMILY HOUSING CA 205810 2717002 PICO-UNION HOUSING CORP DOLORES TERRRAVISTA HOUSING LLC 1038 VENICE BLVD LOS ANGELES CA 90015 844734188 MULTIFAMILY HOUSING CA 3765540 44311542 Pico-Union Housing Corp Hollywood Parkview Apartments Housing Crp 1038 Venice Blvd Los Angeles CA 90015 954582656 Low Income Housing CA 501(C)(3) 10 NA false Midwilshire Apartments Housing Corp 1038 Venice Blvd Los Angeles CA 90015 954582645 Low Income Housing CA 501(C)(3) 10 NA false Miramar Apartments Housing Corp 1038 Venice Blvd Los Angeles CA 90015 954582658 Low Income Housing CA 501(C)(3) 10 NA false Sunset Apartments Housing Corp 1038 Venice Blvd Los Angeles CA 90015 954582647 Low Income Housing CA 501(C)(3) 10 NA false West Hills Housing Corp 1038 Venice Blvd Los Angeles CA 90015 953732959 Low Income Housing CA 501(C)(3) 10 NA false Dolores Frances Affordable Housing INC 1038 Venice Blvd Los Angeles CA 90015 953732959 Low Income Housing CA 501(C)(3) 10 NA false Las Brisas Apts PLP 1038 Venice Blvd Los Angeles CA 90015 954380949 Low Income Housing CA Cathy Bank Excluded 716 -26755 false true 0.01000 Louisa Apts LP 1038 Venice Blvd Los Angeles CA 90015 954485084 Low Income Housing CA Bank of West Excluded 1223 38060 false true 0.01000 West Hills LP 1038 Venice Blvd Los Angeles CA 90015 954485084 Low Income Housing CA West Hills Housing LP Excluded 742 -68120 false true 0.01000 Dolores Frances Affordable Housing LP 1038 Venice Blvd Los Angeles CA 90015 330035753 Low Income Housing CA Pico Union Housing Corp Related 909789 6797278 false false 0.99990 false false false false false false false false false false false true false false false false false false false Midwilshire Apts Housing Corp 1L 119324 Maintenance receipt Sunset Apts Housing Corp 1L 7753 Repairs receipt Dolores Frances Affordable Housing Lp 1L 490367 Repairs receipt Hollywood Parkview Housing Corp IL 39635 Repairs receipt Luisa Apts LP IL 38905 Repairs receipt Las Brisas Apts LP IL 8041 Repairs receipt