BROOKMORE APARTMENT CORPORATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BROOKMORE APARTMENT CORPORATION (EIN 95-4245088)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-07-08
IRS object ID: 202111899349100611
Schema version: 2020v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
General Explanation Attachment
Legal Fees Schedule
Mortgages And Notes Payable Sch
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-07-08T10:22:10-07:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	813709413	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HOFFMAN SHORT RUBIN DEWINTER SANDERSON	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1037 PARK VIEW DR	AddressLine1Txt
City	COVINA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91724	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	954245088	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BROOKMORE APARTMENT CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BROO	BusinessNameControlTxt
Phone	6263002440	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3204 Rosemead Blvd	AddressLine1Txt
City	El Monte	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91731	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOSEPH MILLER	PersonNm
Person Title	Asst. Treasurer	PersonTitleTxt
Signature	2021-07-02	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOSEPH	PersonFirstNm
Person Last	MILLER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Aneela DeWinter	PreparerPersonNm
PTIN	P00116940	PTIN
Phone	6269320100	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$11,960,640	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Other Income Rev And Expnss	$1,824,147	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$1,824,147	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$861	LegalFeesRevAndExpnssAmt
Legal Fees Adj Net Incm	$861	LegalFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss	$999,122	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Adj Net Incm	$999,122	OtherProfFeesAdjNetIncmAmt
Other Expenses Rev And Expnss	$101,552	OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm	$101,552	OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$1,101,535	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$1,101,535	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,101,535	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$1,101,535	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$0	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$722,612	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,394,002	CashBOYAmt
Cash EOY	$1,999,373	CashEOYAmt
Cash EOYFMV	$1,999,373	CashEOYFMVAmt
Acct Rcvbl	$843,802	AcctRcvblAmt
Acct Rcvbl BOY	$478,677	AcctRcvblBOYAmt
Acct Rcvbl EOY	$843,802	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$843,802	AcctRcvblEOYFMVAmt
Rcvbl From Officers EOYFMV	$200,000	RcvblFromOfficersEOYFMVAmt
Other Nts And Loans Rcvbl	$200,000	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$200,000	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$200,000	OtherNtsAndLoansRcvblEOYAmt
Prepaid Expenses BOY	$18,181	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$320,080	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$320,080	PrepaidExpensesEOYFMVAmt
Other Investments BOY	$6,791,765	OtherInvestmentsBOYAmt
Other Investments EOY	$8,597,385	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$8,597,385	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$8,882,625	TotalAssetsBOYAmt
Total Assets EOY	$11,960,640	TotalAssetsEOYAmt
Total Assets EOYFMV	$11,960,640	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$30,167	AccountsPayableBOYAmt
Accounts Payable EOY	$8,418	AccountsPayableEOYAmt
Mortgages And Notes Payable BOY	$650,000	MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY	$650,000	MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY	$107,214	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$678,444	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$787,381	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,336,862	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$8,095,244	NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY	$8,095,244	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$10,623,778	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$8,882,625	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$11,960,640	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$8,095,244	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$722,612	ExcessRevenueOverExpensesAmt
Other Increases	$1,805,922	OtherIncreasesAmt
Subtotal	$10,623,778	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$10,623,778	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	CARING Housing Ministries	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6263002440	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3204 Rosemead Blvd Ste 100	AddressLine1Txt
City	El Monte	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91731	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
HOWARD HUDSON
3204 Rosemead Blvd 100	El Monte	CA	91731	Vice President	1.00	$0
MARGOL KENNISON
3204 Rosemead Blvd 100	El Monte	CA	91731	Secretary	1.00	$0
ROY HAUGEN
3204 Rosemead Blvd 100	El Monte	CA	91731	Treasurer	2.00	$0
CHRIS JONES
3204 Rosemead Blvd 100	El Monte	CA	91731	President	2.00	$0
KAREN INGRAM
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0
JOSEPH MILLER
3204 Rosemead Blvd 100	El Monte	CA	91731	Asst. Treasurer	4.00	$0
GARY WHEELER
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0
WAYNE MOORE
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0
JOYCE ZIRKLE
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0
DONNICUS L COOK
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0
VERONICA ALEXANDER
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0
LAURIE SMALL
3204 Rosemead Blvd 100	El Monte	CA	91731	Director	0.50	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	PROVIDING SERVICES TO ORGANIZATIONS THAT OPERATE AFFORDABLE HOUSING FOR FAMILIES AND ELDERLY PERSONS WITH LOW INCOME.	Description1Txt
Expenses1	$722,612	Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$1,696,688	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,696,688	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$1,696,688	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$25,450	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,671,238	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$83,562	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$83,562	MinimumInvestmentReturnAmt
Distributable Before Adj	$83,562	DistributableBeforeAdjAmt
Distributable Before Ded	$83,562	DistributableBeforeDedAmt
Distributable As Adjusted	$83,562	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$0	ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$83,562	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$493,698	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$68,660	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$766,958	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$876,121	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$975,908	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$3,181,345	TotalExcessDistributionCyovAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$83,562	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$83,562	ExcessDistributionCyovAppCYAmt
Total Corpus	$3,097,783	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$410,136	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$2,687,647	ExcessDistriCyovToNextYrAmt
Excess From Year4	$68,660	ExcessFromYear4Amt
Excess From Year3	$766,958	ExcessFromYear3Amt
Excess From Year2	$876,121	ExcessFromYear2Amt
Excess From Year1	$975,908	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)

DescDesc	Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
Development Fee	$1,789,567
Partnership Mgmt Fees	$16,155

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$18,425	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1,824,147	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,824,147	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxt	Relationship StatementRelationshipStatementTxt
1a	Participation in the development of low income housing is exempt purpose.
7	The interest income flows from partnerships of which organization is the managing general partner to compensate for deferral of the collection of amounts due for advance of seed money or payment for services provided in connection with exempt purpose.

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
General Explanation Supplemental Information for Form 990-PF	SCHEDULE OF CONTROLLED ENTITIES7500 SIMPSON CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-6101249EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)CANOGA APARTMENTS CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-6101247EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)FOSTER AVENUE APARTMENTS CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4487773EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)LA PINTORESCA HOUSING, INC. (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-3339394EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)GREATER POMONA HOUISNG DEVELOPMENT CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-2914970EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)SIMPSON ARBOR APARTMENTS (LIMITED PARTNERSHIP)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4749924EXCESS BUSINESS HOLDING - YES / 100% OWNERSHIPTOWNE SQUARE APARTMENTS (LIMITED PARTNERSHIP)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4749923EXCESS BUSINESS HOLDING - YES / 100% OWNERSHIPCASA DE CANOGA APARTMENTS (LIMITED PARTNERSHIP)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4749922EXCESS BUSINESS HOLDING - YES / 100% OWNERSHIP
General Explanation Supplemental Information for Form 990-PF	Investment in PartnershipsAs of December 31, 2019 and 2020, the Organization and its affiliates jointly own investment in the following partnerships: Begining End of of year yearControlling interest:Towne Square Apartments $ 966,573 $ 966,573Casa de Canoga Apartments 1,323,755 1,323,755Simpson Arbor Apartments - -Pilgrim Tower Apartments 838,021 860,598Vista Tower Apartments 1,430,523 1,430,523Simpson Arbor Preservation 580,710 580,710Total Controlling Interest 5,139,582 5,162,159Non-controlling interest:San Fernando Senior Housing 51 51San Fernando Community Housing 30 30Total 5,139,663 5,162,240 Accumulated profit (loss) 406,441 2,189,356 TOTAL $ 5,546,104 $ 7,351,596Add: Investment in Note Receivable - Simpson Arbor Preservation LP 1,245,661 1,245,789TOTAL INVESTMENTS $ 6,791,765 $ 8,597,385

Form And Line ReferenceFormAndLineReferenceDesc

Medium ExplanationMediumExplanationTxt

General Explanation Supplemental Information for Form 990-PF

SCHEDULE OF CONTROLLED ENTITIES7500 SIMPSON CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-6101249EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)CANOGA APARTMENTS CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-6101247EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)FOSTER AVENUE APARTMENTS CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4487773EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)LA PINTORESCA HOUSING, INC. (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-3339394EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)GREATER POMONA HOUISNG DEVELOPMENT CORPORATION (NON-FOR-PROFIT ENTITY)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-2914970EXCESS BUSINESS HOLDING - YES (COMMON BOARD MEMBERS)SIMPSON ARBOR APARTMENTS (LIMITED PARTNERSHIP)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4749924EXCESS BUSINESS HOLDING - YES / 100% OWNERSHIPTOWNE SQUARE APARTMENTS (LIMITED PARTNERSHIP)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4749923EXCESS BUSINESS HOLDING - YES / 100% OWNERSHIPCASA DE CANOGA APARTMENTS (LIMITED PARTNERSHIP)3204 ROSEMEAD BLVD #100EL MONTE, CA 91731FEIN: 95-4749922EXCESS BUSINESS HOLDING - YES / 100% OWNERSHIP

General Explanation Supplemental Information for Form 990-PF

Investment in PartnershipsAs of December 31, 2019 and 2020, the Organization and its affiliates jointly own investment in the following partnerships: Begining End of of year yearControlling interest:Towne Square Apartments $ 966,573 $ 966,573Casa de Canoga Apartments 1,323,755 1,323,755Simpson Arbor Apartments - -Pilgrim Tower Apartments 838,021 860,598Vista Tower Apartments 1,430,523 1,430,523Simpson Arbor Preservation 580,710 580,710Total Controlling Interest 5,139,582 5,162,159Non-controlling interest:San Fernando Senior Housing 51 51San Fernando Community Housing 30 30Total 5,139,663 5,162,240 Accumulated profit (loss) 406,441 2,189,356 TOTAL $ 5,546,104 $ 7,351,596Add: Investment in Note Receivable - Simpson Arbor Preservation LP 1,245,661 1,245,789TOTAL INVESTMENTS $ 6,791,765 $ 8,597,385

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Legal	CategoryTxt
Legal Fees	$861	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$861	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Field	Value	IRS element (for citing)
Mortgage	$650,000	MortgageAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
BOARD EXPENSE	$6,052	$6,052
INSURANCE	$28,336	$28,336
MISCELLANEOUS	$10,914	$10,914
PROFESSIONAL FEES	$56,250	$56,250

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Development Fee	$1,789,567
Other Investment Income	$18,425
Partnership Mgmt Fees	$16,155

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDesc	AmtAmt
Dev. Fee Paid off by Capital Cont. - Pilgrim Tower, L.P.	$22,577
RESTATEMENT OF PY FINANCIAL INFORMATION - VISTA TOWER, L.P.	$1,783,345

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
Due to Developer	$107,214	$348,688
Developer Fees Payable		$329,756

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	CONSULTING FEE	CategoryTxt
Amt	$999,122	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$999,122	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt