2020-11-09T18:42:54-06:00 2019-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2019-01-01 330427639 HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO HOUS 6198218178 701 B STREET NO 530 SAN DIEGO CA 92101 TRACEY MCDERMOTT CFO 6198218178 2020-11-05 1 LISA M CUMMINGS CPA P00043433 9164429100 2020-11-04 209.59.242.37 2020-11-05 07:52:03 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AC9C47BB66A4442C9C14FAA30E68BA916E7F30C8 2019 2021-01-29 14:40:06Z TRACEY MCDERMOTT 701 B STREET NO 530 SAN DIEGO CA 92101 4246995 0 X WWW.HDPARTNERS.ORG X 1990 CA PRESERVE & INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS. 4 3 0 4 0 0 215335 52371 2824702 3458768 422668 735856 0 0 3462705 4246995 10000 0 0 0 300731 326299 0 0 0 2527500 4378001 2838231 4704300 624474 -457305 38523960 52969020 20765132 35653761 17758828 17315259 TO PRESERVE AND INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS. 0 0 3542020 0 3458768 HDP IS ORGANIZED FOR THE PURPOSE OF PROVIDING LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS, AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING BY ACQUIRING OR DEVELOPING PUBLICLY FINANCED LOW- AND MODERATE-INCOME HOUSING AND RENTING SUCH HOUSING TO THESE PERSONS. 3542020 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 1 CA X TRACEY MCDERMOTT 6198218178 1122 BROADWAY SUITE 300 SAN DIEGO CA 92101 X GARY GRAMLING DIRECTOR 0.50 0.50 X 0 0 0 RICHARD C GENTRY PRESIDENT & CEO 0.50 39.50 X X 0 389557 45275 ROBERTA SPOON ASSISTANT SECRETARY 0.50 1.00 X X 0 0 0 STEPHANIE BENVENUTO SECRETARY 0.50 1.50 X X 0 0 0 TIM WALSH DIRECTOR (OUTGOING) 0.50 1.50 X 0 0 0 MICHAEL PAVCO SENIOR VICE PRESIDENT 23.50 16.50 X 0 250058 13438 TRACEY MCDERMOTT SENIOR VP & CFO 5.00 35.00 X 0 196138 16486 0 835753 75199 0 0 1 0 BASIS ARCHITECTURE PO BOX 150539 2130 4TH ST SUITE SAN RAFAEL CA 94915 ARCHITECTURAL SERVICES 121327 HR & A ADVISORS INC 99 HUDSON STREET 3RD FLOOR NEW YORK NY 10013 AFFORDABLE HOUSING STUDIES 113050 NATHAN SIMPSON 6850 MISSION GORGE RD 1147 SAN DIEGO CA 92120 ASSET MANAGEMENT CONSULTING 101824 3 52371 52371 RENTAL REVENUE 531110 2459235 2459235 DEVELOPER FEE 531390 1125058 1125058 MANAGEMENT FEES 531390 125664 125664 MISCELLANEOUS REVENUE 900099 2901 2901 PARTNERSHIP LOSSES 900099 -254090 -254090 3458768 735856 735856 4246995 3458768 0 735856 X 236744 236744 55486 55486 34069 34069 131893 131893 78686 71909 6777 60275 60275 1357 1357 1383878 840203 543675 413 413 72674 19793 52881 68776 30907 37869 40503 40503 35241 6454 28787 542459 542459 841104 836766 4338 133417 125944 7473 ADMIN OVERHEAD 215472 215472 UTILITIES 199699 199699 REPAIRS & MAINTENANCE 140834 134969 5865 ABANDONED PROJECTS 122208 122208 309112 283997 25115 4704300 3542020 1162280 0 1266136 2250906 4522032 6721146 1253039 176858 10512345 15508202 58622 72197 10234401 1294279 8956891 8940122 11954895 19299589 38523960 52969020 2245373 278475 2300338 2600909 8855833 20345967 7363588 12428410 20765132 35653761 X 17758828 17315259 17758828 17315259 38523960 52969020 -457305 13736 0 X X 0 1 X 1 0 X X 1 SAN DIEGO HOUSING COMMISSION 953390896 6 1 52371 0 1 52371 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART I ADDITIONAL SUPPLEMENTAL INFORMATION HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO HAS A MEMORANDUM OF UNDERSTANDING WITH THE SAN DIEGO HOUSING COMMISSION TO USE THE STAFF OF THE SAN DIEGO HOUSING COMMISSION TO CARRY OUT THE ACTIVITIES OF HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO. WAGES ARE PAID TO EMPLOYEES BY THE SAN DIEGO HOUSING COMMISSION AND BILLED TO HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO. PART IV, SECTION D, LINE 3: THE ORGANIZATION SERVES AS THE PRIMARY DEVELOPMENT ARM OF THE SAN DIEGO HOUSING COMMISSION. EMPLOYEES ARE SHARED BY THE ENTITIES AND THE COMMISSION HAS A SIGNIFICANT VOICE IN THE INVESTMENTS AND DIRECTION OF THE ASSETS HELD BY HOUSING DEVELOPMENT PARTNERS. PART IV, SECTION E, LINE 1C: HOUSING DEVELOPMENT PARTNERS SERVES AS THE PRIMARY DEVELOPMENT ARM OF THE SAN DIEGO HOUSING COMMISSION. ALL OF THE ACTIVITIES OF HOUSING DEVELOPMENT PARTNERS ARE SOLELY IN SUPPORT OF THE COMMISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4771586 154333 4617253 2308475 545868 1762607 3154340 594078 2560262 8940122 DUE DILIGENCE 669729 ESCROW DEPOSITS 9998951 OTHER DEPOSITS 130751 RESERVES 1120086 RELATED PARTY ADVANCES 433003 SECURITY DEPOSITS 153246 DEVELOPER FEES RECEIVABLE 6793823 19299589 DUE TO RELATED PARTY 10559528 GROUND LEASE PAYABLE 110567 SECURITY DEPOSITS 152059 INVESTMENT IN PARTNERSHIPS 1606256 12428410 X PART X, LINE 2: HDP AND HDP MASON HAVE APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. HDP AND HDP MASON DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. DUE TO THEIR TAX-EXEMPT STATUS, THESE ENTITIES ARE NOT SUBJECT TO INCOME TAXES. THESE ENTITIES ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THESE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE REMAINING OPERATING ENTITIES ARE PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND ARE NOT SUBJECT TO INCOME TAXES. ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE OPERATING ENTITIES' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS AS A PARTNERSHIP OR LLC. THE OPERATING ENTITIES ARE REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ENTITIES ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2016 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 RICHARD C GENTRY PRESIDENT & CEO 0 389557 0 0 0 0 0 0 0 45275 0 434832 0 0 MICHAEL PAVCO SENIOR VICE PRESIDENT 0 250058 0 0 0 0 0 0 0 13438 0 263496 0 0 TRACEY MCDERMOTT SENIOR VP & CFO 0 196138 0 0 0 0 0 0 0 16486 0 212624 0 0 FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST TO THE BOARD ANNUALLY AND IF ANY ARISE DURING THE YEAR. MOST DIRECTORS ALSO COMPLETE A CALIFORNIA FAIR POLITICAL PRACTICES COMMISSION FORM 700. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION SETS EXECUTIVE COMPENSATION LEVELS COMMENSURATE WITH SIMILAR POSITIONS AT THE SAN DIEGO HOUSING COMMISSION, A PUBLIC AGENCY THAT WAS FORMED UNDER THE PROVISIONS OF STATE LAW, HEALTH & SAFETY CODE, BY ORDINANACE OF THE CITY OF SAN DIEGO, SDMC SECTION 98.0301. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. SALARIES AND COMPENSATION ALL EMPLOYEES ARE PAID ONLY BY THE SAN DIEGO HOUSING COMMISSION (SDHC), A GOVERNMENTAL UNIT AND RELATED ORGANIZATION, AS LISTED ON SCHEDULE R OF THIS FORM 990. THERE IS NO SEPARATE PAYMENT FROM HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO (HDP) TO ANY EMPLOYEES OF THE SDHC, INCLUDING, PRESIDENT & CEO OF THE COMMISSION, THE EXECUTIVE VICE PRESIDENT & CSO, THE SR. VICE-PRESIDENT, VICE-PRESIDENT, DIRECTOR AND OTHERS. HDP REIMBURSES SDHC FOR THE PORTION OF THE SDHC EMPLOYEES' SALARIES AND OTHER COMPENSATION THAT IS PAID TO THOSE EMPLOYEES BY THE SDHC. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 673,744. MANAGEMENT AND GENERAL EXPENSES 543,675. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,217,419. CLEANING & JANITORIAL CONTRACT: PROGRAM SERVICE EXPENSES 2,320. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,320. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 79,120. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,120. ELEVATOR CONTRACT: PROGRAM SERVICE EXPENSES 16,532. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,532. EXTERMINATION CONTRACT: PROGRAM SERVICE EXPENSES 40,386. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,386. ELECTRICAL CONTRACT: PROGRAM SERVICE EXPENSES 3,090. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,090. LANDSCAPE & GROUND CONTRACT: PROGRAM SERVICE EXPENSES 19,497. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,497. PLUMBING CONTRACT: PROGRAM SERVICE EXPENSES 5,514. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,514. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR HDP ADU LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 843287197 AFFORDABLE HOUSING CA 0 0 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP CASA COLINA MANAGEMENT LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 843191422 AFFORDABLE HOUSING CA 0 0 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP ISLAND VILLAGE LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 475158722 AFFORDABLE HOUSING CA 30005 40017 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP MARINER'S VILLAGE MANAGEMENT LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 842599080 AFFORDABLE HOUSING CA 0 0 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP PARKER KIER LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 463375220 AFFORDABLE HOUSING CA 405210 233274 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP QUALITY INN LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 823132308 AFFORDABLE HOUSING CA 798781 12272260 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP TOWN & COUNTRY LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 820697063 AFFORDABLE HOUSING CA 5150 10315 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP VILLAGE NORTH LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 822856855 AFFORDABLE HOUSING CA 1309558 11091966 HOUSING DEVELOPMENT PARTNERS SAN DIEGO HDP MASON HOUSING CORPORATION 1122 BROADWAY SUITE 300 SAN DIEGO CA 92101 453183751 AFFORDABLE HOUSING CA 501(C)(3) LINE 7 HOUSING DEV PARTNERS OF SAN DIEGO 0 SAN DIEGO HOUSING COMMISSION 1122 BROADWAY SAN DIEGO CA 92101 953390896 GOVERNMENTAL AGENCY CA GOVT. N/A 0 CASA COLINA LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 200407091 AFFD HOUSING CA N/A RELATED 13 466 0 1 0.00010 HDP BROADWAY LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 901022998 AFFD HOUSING CA N/A HDP BROADWAY MANAGEMENT LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 463982509 AFFD HOUSING CA N/A RELATED 9896 109735 0 1 0.79000 HDP CHURCHILL LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 364777616 AFFD HOUSING CA N/A RELATED -479848 18429544 0 1 0.99990 HDP MARINER'S VILLAGE LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 842588613 AFFD HOUSING CA N/A RELATED 0 0 0.99990 HDP NEW PALACE MANAGEMENT LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 813525385 AFFD HOUSING CA N/A RELATED 4339 1569272 0 1 0.79000 HDP NEW PALACE LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 611799881 AFFD HOUSING CA N/A HDP TOWN & COUNTRY LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 814979046 AFFD HOUSING CA N/A RELATED -89 3607803 0 1 HDP WEST PARK MANAGEMENT LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 823106634 AFFD HOUSING CA N/A RELATED -79480 1391965 0 1 0.79000 HDP WEST PARK LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 823106951 AFFD HOUSING CA N/A RELATED 0 0 LOGAN DEVELOPMENT II LP 701 B STREET SUITE 530 SAN DIEGO CA 92101 461307003 AFFD HOUSING CA N/A LOGAN DEVELOPMENT MANAGEMENT LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 461303499 AFFD HOUSING CA N/A RELATED 9730 76174 0 1 0.79000 HDP CHURCHILL LLC 701 B STREET SUITE 530 SAN DIEGO CA 92101 463525956 AFFORDABLE HOUSING CA HOUSING DEV PARTNERS OF SAN DIEGO C 24982 243329 1.00000 1 0 0 1 1 1 0 0 0 0 0 1 1 1 1 1 0 1 0 1 HDP BROADWAY LP D 473321 CASH HDP NEW PALACE LP D 167583 CASH LOGAN DEVELOPMENT II LP D 72938 CASH HDP WEST PARK LP D 5220000 CASH HDP WEST PARK LP Q 1189322 CASH HDP TOWN & COUNTRY LP S 68061 CASH