2011-05-04T14:14:10-05:00 2010-06-30 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD STE 300 CARMEL IN 46032 990 2009-07-01 954479136 SANTA MONICA NEW HOPE COURTYARD APARTMENTS SANT 2132509481 1004 ECHO PARK AVENUE LOS ANGELES CA 90026 david nahas 2132509481 2011-05-04 1 JESSICA COOPER 3178485700 2009 2016-02-24 21:20:13Z DAVID NAHAS 1004 ECHO PARK AVENUE LOS ANGELES CA 90026 194553 0 X N/A X 1994 CA Santa Monica New Hope Courtyard Apartments is a Not-for-Profit Corporation formed in accordance with the not-for-profit statutes of the state of California. The Corporation was formed for the purpose of operating a 25 unit project located in Santa Monica, California, which provides housing for persons who are homeless, or at risk of being homeless and are afflicted with HIV/AIDS. The Corporation receives housing assistance payments pursuant to Section 811 of the National Housing Act, as amended. 7 7 0 0 0 0 5000 92680 168192 100732 51 19 24218 1122 197461 194553 0 0 0 0 0 304263 330071 304263 330071 -106802 -135518 3695301 3398903 4900169 4802801 -1204868 -1403898 Santa Monica New Hope Courtyard Apartments is a Not-for-Profit Corporation formed in accordance with the not-for-profit statutes of the state of California. The Corporation was formed for the purpose of operating a 25 unit project located in Santa Monica, California, which provides housing for persons who are homeless, or at risk of being homeless and are afflicted with HIV/AIDS. The Corporation receives housing assistance payments pursuant to Section 811 of the National Housing Act, as amended. 0 0 282096 100732 Santa Monica New Hope Courtyard Apartments is a Not-for-Profit Corporation formed in accordance with the not-for-profit statutes of the state of California. The Corporation was formed for the purpose of operating a 25 unit project located in Santa Monica, California, which provides housing for persons who are homeless, or at risk of being homeless and are afflicted with HIV/AIDS. The Corporation receives housing assistance payments pursuant to Section 811 of the National Housing Act, as amended. 282096 1 1 0 0 0 0 0 0 0 1 1 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 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 7 7 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 CA X X BRIGITTE TWEDDELL 2132509481 1004 ECHO PARK AVENUE LOS ANGELES CA 90026 X DAVID NAHAS 0.30 X X 0 0 0 TOM SPRATT 0.30 X X 0 0 0 SHARON O'ROURKE 0.30 X X 0 0 0 JACK PLIMPTON 0.30 X 0 0 0 MARGARET FERRIOL 0.30 X 0 0 0 LARRY H FUGAL 0.30 X 0 0 0 GEORGE MARKS JR 0.30 X 0 0 0 0 0 0 0 0 0 0 0 92680 92680 Rental Income 531110 100732 100732 100732 19 19 Miscellaneous Income 531110 790 790 Tenant Charges 531110 332 332 1122 194553 100732 0 1141 17505 17505 17235 17235 3938 3938 448 448 7352 7352 2908 2908 142519 142519 2186 2186 341 341 97138 97138 15414 15414 Management Company Empl 23087 23087 330071 282096 47975 0 4342 8617 599 920 522 4539771 1208822 3620406 3330949 25853 23453 69954 8589 3695301 3398903 42975 61264 207 4691509 4691509 165685 49821 4900169 4802801 X -1204868 -1403898 -1204868 -1403898 3695301 3398903 X 0 1 1 X 1 1 X 5000 92680 97680 93711 133100 137623 168192 100732 633358 93711 133100 137623 173192 193412 731038 0 0 0 731038 136 1 51 19 207 136 1 51 19 207 24218 1122 25340 93847 133100 137624 197461 194553 756585 0.96620 0.96400 0.00030 0.00100 X Schedule A, Part IV, Supplemental Information: Schedule A, Part III, Line 12: Miscellaneous income consists of tenant charges and other income items for services provided for the convenience of the tenants. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 618691 618691 3849875 1138017 2711858 71205 70805 400 3330949 DUE TO AFFILIATES 41246 Security Deposits 8575 49821 194553 330071 -135518 -63511 -63511 -199029 194553 0 194553 0 194553 330071 0 330071 0 330071 Part X: Description of Uncertain Tax Positions Under FIN 48: In 2009, the Corporation adopted the Income Taxes topic of the FASB Accounting Standards Codification (ASC) 740, which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The Corporation is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the applicable tax authority. The Corporation has determined that the application of the Income Taxes standard does not impact the operations of the Corporation and that no provision for income tax is required in the Corporation's financial statements. There has been no interest or penalties recognized in the income statement or balance sheet for the years ended June 30, 2010. As of June 30, 2010, the following federal and state tax years remain open - United States: years ended June 30, 2010, 2009, 2008, 2007 and 2006, and State of California: years ended June 30, 2010, 2009, 2008, 2007 and 2006. Form 990, Part VI, Section A, line 3 SANTA MONICA NEW HOPE COURTYARD APARTMENTS IS MANAGED BY TELACU RESIDENTIAL MANAGEMENT, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. TELACU RESIDENTIAL MANAGEMENT INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED TELACU RESIDENTIAL MANAGEMENT INC. TO MANAGE THE SANTA MONICA NEW HOPE COURTYARD APARTMENTS APARTMENT COMMUNITY. Form 990, Part VI, Section B, line 11 THE BOARD AND STAFF REVIEW THE TAX RETURNS WITH MANAGEMENT COMPANY REPRESENTATION. ALL QUESTIONS ARE ANSWERED BY STAFF PRIOR TO THE FILING OF THE TAX RETURNS. Form 990, Part VI, Section C, line 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 2C OVERSIGHT OF AUDITING FUNCTION THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. SILVERLAKE NEW HOPE COURTYARD APARTMENTS 1004 ECHO PARK LOS ANGELES CA 90026 954479135 LOW INCOME HOUSING CA 501(C)(3) 9 FAITH HOUSING NEW HOPE APARTMENTS 1004 ECHO PARK LOS ANGELES CA 90026 311705626 LOW INCOME HOUSING CA 501(C)(3) 9 PROJECT NEW HOPE 1004 ECHO PARK LOS ANGELES CA 90026 954337245 LOW INCOME HOUSING CA 501(C)(3) 9 HOMESTEAD HOSPICE & SHELTER 1004 ECHO PARK LOS ANGELES CA 90026 330260219 LOW INCOME HOUSING CA 501(C)(3) 7 NYUMBA APARTMENT 1004 ECHO PARK AVENUE LOS ANGELES CA 90026 954784748 RENTAL CA N/A N/A 0 0 PALOS VERDE STREET LP 1004 ECHO PARK AVENUE LOS ANGELES CA 90026 954616938 RENTAL CA N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0