2025-02-15T00:59:31-08:00 2024-03-31 462989917 SINAMBAL&REYES CPAS INC 2230 W CHAPMAN AVE SUITE 146 ORANGE CA 92868 990 2023-04-01 237113307 PICO UNION HOUSING CORPORATION PICO 2137472790 1038 VENICE BLVD LOS ANGELES CA 900153232 MARIO MORALES PRESIDENT 2137472790 2025-02-14 true true PETER J SINAMBAL P00060197 7142707834 2025-02-15 2023 2025-03-06 01:10:19Z MARIO MORALES 1038 W VENICE BLVD LOS ANGELES CA 90015 15345731 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. 5 5 61 5 0 0 5137387 5305746 9261886 9948776 88158 91209 0 14487431 15345731 0 0 4411101 4199604 0 0 18275465 17512182 22686566 21711786 -8199135 -6366055 137808245 143060986 126087232 139427543 11721013 3633443 To provide affordable low income rental housing to qualified low income individuals and families and various social services to undeserved community. false false 21513921 0 15345731 To provide affordable low income rental housing to qualified individuals and families and various social services to undeserved community. 21513921 true true 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 50 0 61 true false false false false false false false false false false false false false false false false X 5 5 false true false false false false false true false false false true false false false true true false CA X Jesus Torres 2137472790 1038 W Venice Blvd Los Angeles CA 90015 1Gloria Farias Executive Director 55.00 X 800000 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 800000 0 0 1 false true false 0 GENESSY MNGT & DEV LLC 334 N NORMANDIE AVE STE 104 LOS ANGELES CA 90004 HUD Authorized Property Management 652406 HANDY 365 INC 1043 S KINGSLEY DR LOS ANGELES CA 90006 Repairs and Materials 193644 A-1 LANDSCAPING SERVICES 1701 LUPINE AVE MONTEREY PARK CA 91755 LANDSCAPING SERVICES 201293 3 5305746 5305746 LOW INCOME RENTAL 531110 8121211 0 0 PROGRAM SERVICES 900009 1827565 0 0 0 0 0 9948776 91209 0 0 15345731 10039985 0 0 800000 800000 0 0 2579496 2579496 0 0 486585 486585 0 0 333523 333523 0 0 652406 652406 0 0 157200 157200 0 0 197865 0 197865 0 20687 20687 0 0 459693 459693 0 0 42000 42000 0 0 1373 1373 0 0 6287023 6287023 0 0 1863723 1863723 0 0 1016620 1016620 0 0 Repairs & Maintenance 3406878 3406878 0 0 Utilities 1441349 1441349 0 0 Security contract 164646 164646 0 0 Garbage & Thrash 423990 423990 0 0 1376729 1376729 0 0 21711786 21513921 197865 0 4946020 874164 250929 40085 3643261 8316060 3003079 3093171 491131 112432 106714472 12716293 95861902 93998179 23155061 24807183 6456862 11819712 137808245 143060986 7065968 12566424 247191 276320 115667201 120160386 2761321 6007599 345551 416814 126087232 139427543 X 11721013 3633443 11721013 3633443 137808245 143060986 X -6366055 -1721515 X X false false false false false X 0 0 325393 494716 2231573 5137387 5305746 13494815 9202191 13194835 14804280 9261886 9948776 56411968 0 0 9527584 13689551 17035853 14399273 15254522 69906783 0 0 0 69906783 110512 83188 84760 88158 91209 457827 110512 83188 84760 88158 91209 457827 70364610 0.99350 0.98790 0.00650 0.01210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 37929253 37929253 68785219 12716293 56068926 93998179 Investment in Partnership/LLC 24435617 C Investment in Low Income Housing 106573 C Cash Surrender Value -Life Insurance 264993 F 24807183 Advances to related Organization 9149568 Deposit on Property for Development 0 Mortgage Escrow Deposit 1069155 Replacement & Operating Reserve Deposit 1331673 Other deposits 0 Interest reserve 0 Insurance Claim Receivable/Property Tax Refundable 269316 11819712 Tenants Security Deposit 416814 416814 X 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 that require recognition in the financial statements or which might have an effect on the its tax exemption status. false false false false false false false false false 1Gloria Farias 375000 0 425000 0 0 0 0 0 0 0 800000 0 0 0 Other Pt II, Line 1: Base Salary. In consideration of Executive Directors 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 Directors Base Salary. Executive Directors 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 Directors 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 Executives 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 Executives 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. The informational returns are also made available to the public through www.guidestar.org, a public website. 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. Dolores Terra Vista Housing LLC was spun-off last March 6, 2022 into three: Dolores Spanish Pecan Housing LP; Dolores Westwood Housing LLC; and Dolores Terra Vista Housing LLC; All three are disregard entity, and a sole member is Pico Union Housing Corp. 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: The distribution from Dolores Spanish Pecan Housing LLC (EIN# 87-4043110) and Dolores WestWood Housing LLC (EIN #87-4057401)from a Debt Financed Equity Distribution. Non-controlling: ($225,402). 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. Other key officers are normally approved by the Board of Directors. Pt XII, Line 3b Pico Union Housing Corporation is currently undergoing an independent audit by a CPA and expected to be completed in a short time. Pt VI, Line 15b The policy of the entity, any officers and key officers are approved by the Board of Directors. PICO-UNION HOLDINGS TOBERMANALBANY 2016 LLC 1038 VENICE BLVD LOS ANGELES CA 90015 834216238 MULTIFAMILY HOUSING CA PICO-UNION HOUSING CORP DOLORES TERRRAVISTA HOUSING LLC 1038 VENICE BLVD LOS ANGELES CA 90015 844734188 MULTIFAMILY HOUSING TX Pico-Union Housing Corp DOLORES SPANISH PECAN HOUSING LLC 1038 VENICE BLVD LOS ANGELES CA 90015 874043110 MULTIFAMILY HOUSING TX PICO UNION HOUSING CORP DOLORES WESTWOOD HOUSING LLC 1038 VENICE BLVD LOS ANGELES CA 90015 874057401 MULTIFAMILY HOUSING TX 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 611 false 0 true 0.01000 Louisa Apts LP 1038 Venice Blvd Los Angeles CA 90015 954485084 Low Income Housing CA Bank of West Excluded 2523 false 0 true 0.01000 West Hills LP 1038 Venice Blvd Los Angeles CA 90015 954485084 Low Income Housing CA West Hills Housing LP Excluded 1135 false 0 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 865101 false 0 false 0.99990 false false false true false false false false false false false true false false false false false false false Midwilshire Apts Housing Corp 1L 275049 Maintenance receipt Sunset Apts Housing Corp 1L 97613 Repairs receipt Dolores Frances Affordable Housing Lp 1L 588931 Repairs receipt Hollywood Parkview Housing Corp IL 48963 Repairs receipt Luisa Apts LP IL 12342 Repairs receipt Las Brisas Apts LP IL 40655 Repairs receipt Dolores Frances Affordable Housing Lp ID 1235000 Cost Luisa Apts LP ID 1527000 Cost MIDWILSHIRE ID 175000 Cost