2015-02-04T14:27:06-08:00 2014-09-30 Forman Richter RubinAcct Corp 858 South Oak Park Road Suite 200 Covina CA 917243674 990 2013-10-01 956101249 7500 SIMPSON CORPORATION 7500 6263002440 3204 ROSEMEAD BLVD EL MONTE CA 91731 Roy Haugen Treasurer 2014-01-29 true Aneela DeWinter CPA P00116940 6269157666 2013 2016-03-07 17:11:31Z 163775 false false X N/A X 1962 CA To encourage economic development that will primarily benefit low and moderate income communities. 7 7 0 0 0 85976 85976 77799 0 85976 163775 0 0 0 0 0 538 547 538 547 85438 163228 2508663 2660886 11005 0 2497658 2660886 To encourage economic development that will primarily benefit low and moderate income communities. false false 85976 Affordable housing apartment complex previously owned by the corporation was sold to an affordable housing tax credit partnership. Interest income on the mortgage receivable is accrued. No cash has been received to date and therefore no program expenditures can be made. true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 7 7 false false false false false false false true false false false true true true true true true false false false X Joseph Miller 6263002440 3204 Rosemead Blvd 100 El Monte CA 91731 X Wayne Moore Director 0.00 0.00 X 0 0 0 Howard Hudson President 0.50 0.00 X X 0 0 0 Roy Haugen Treasurer 0.50 0.00 X X 0 0 0 Chris Jones Vice President 0.00 0.00 X X 0 0 0 Margol Kennison Director 0.00 0.00 X 0 0 0 Marlin Plejdrup Secretary 0.00 0.00 X X 0 0 0 Karen Ingram Director 0.00 0.00 X 0 0 0 0 false false false 0 X 0 Interest income 531390 85976 85976 85976 0 0 0 0 77799 77799 77799 77799 0 0 0 0 163775 85976 77799 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 Tax return fees 500 500 Taxes and Licenses 47 47 0 547 0 547 0 1569 67816 0 0 1124849 1210825 0 0 1382245 1382245 0 0 0 0 0 0 0 0 2508663 2660886 11005 11005 0 X 2497658 2660886 2497658 2660886 2508663 2660886 163228 X false false false X 0 85976 85976 85976 85976 85976 429880 0 0 0 85976 85976 85976 85976 85976 429880 0 0 429880 0 0 0 0 85976 85976 85976 85976 85976 429880 1.00000 1.00000 0.00000 X Form 990, Part VI, Line 11b: Form 990 Review Process The Organization's governing body has delegated this function to CARING Housing Ministries (managing agent). Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts At the annual meeting the President reminds all Board Members that they have signed a Conflict of Interest statement and are required to declare any conflicts. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Organization has common Board Members with Brookmore Apartment Corporation (an affiliated organization) who act as the custodian of governing documents, conflict of interest policy and financial records and upon request can make them available to the public. Gain on Sale of Interest in Partnership On December 23, 2013, The Organization assumed 99% interest in a limited partnership when its existing limited partner exited the partnership (1750 King Partners, LP). The partnership then sold its sole asset (low income apartment complex) and dissolved the partnership. The Organization's net gain from this transaction was $77,799 which it recognized as investment income - as reported in Part VIII - line 7(a).