2023-11-15T12:34:03-08:00 2022-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2022-01-01 954205316 SKID ROW HOUSING TRUST SKID 2136830522 1317 EAST SEVENTH STREET LOS ANGELES CA 90021 Joanne Cordero Interim CEO 2023-11-15 true Joanne Cordero 999009999 true CHERI L BOGGELN P00854324 7143747434 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 1317 EAST SEVENTH STREET LOS ANGELES CA 90021 17580809 false X SKIDROW.ORG X 1989 CA The Skid Row Housing Trust (the Trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness. 10 10 146 350 0 10100450 7852847 8647098 9704642 39108 1405 -47562 -65769 18739094 17493125 0 0 8881106 7564302 0 514326 11167243 18124122 20048349 25688424 -1309255 -8195299 203059004 204213739 200154383 207834780 2904621 -3621041 The Skid Row Housing Trust (the Trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness. true false 19963828 9151919 SKID ROW HOUSING TRUST ENGAGES IN THE DEVELOPMENT, MANAGEMENT, SUPPORT, ADMINISTRATION, AND RENTAL ACTIVITIES THAT ARE DIRECTLY RELATED TO THE PROVISION OF LOW INCOME HOUSING TO INDIVIDUALs with special needs. 1205700 552723 The Trust, through its wholly owned subsidiary, Restorative Neighborhood Resources, LLC (RNR), acquires, manages and resolves distressed residential mortgage loans and owned real estate in the service of ensuring housing retention and housing opportunities across diverse communities in the nation.In recent years, sellers of distressed mortgage assets, including HUD, Fannie Mae, and Freddie Mac have designated portfolios for sale specifically to qualified, Non-Profit, 501c3 organizations. Through, RNR, and the establishment of Special Purpose Joint Ventures with capital Investors and specialty service provider relationships, the Trust will proactively pursue these opportunities with focused outcome goals:1. Provide workout solutions with Borrowers aimed at home retention or transition to affordable rental housing,2. Enable affordable purchase opportunities of vacant properties directly to newhomeowners,3. Promote homeownership as a vehicle for financial stability and wealth building, including the ability to identify new homeowners that can initiate generational wealth for their families and their futures,4. Increase the likelihood that Individuals, Families and Communities have a stronger connection and ability to prosper. 21169528 true true false true false false false true false false true false true true true false false false false false false false false false true false false false false true false false false false false false false false false false false false true true true true false false true 29 0 true 146 true false false false false false true true false 0 false false false false false false false X 10 10 false false false false false false false true true false true true true true true true true true true true true true CA X JOANNE CORDERO 2136830522 1317 EAST SEVENTH STREET LOS ANGELES CA 90021 SIERRA ATILANO Pres & Chief RE 40.00 0.00 X 267695 0 16472 JOANNE C RUSSO CORDERO Chief of Staff 40.00 0.00 X 206221 0 31534 NADEZHDA N LITOVSKAYA CFO 40.00 0.00 X 198542 0 22742 JET D DOYE VP DEV & ADV 40.00 0.00 X 158646 0 22377 debra chafe VP Controller 40.00 0.00 X 150785 0 17907 VERONICA GARCIA CASTANEDA VP HR & TM 40.00 0.00 X 147239 0 16636 GREGORY F SMITH VP RE DEV 40.00 0.00 X 135533 0 6110 JENNY CASTRO Project Manager II 40.00 0.00 120984 0 7785 DEANDRE COMERS VP of Health&SS 40.00 0.00 X 120079 0 8339 LISA RAAGAS President & CEO 40.00 0.00 X 116675 0 4439 CARLA D CONTRERAS Human Res. Mngr 40.00 0.00 108992 0 5012 VALENTIN MENDOZA VP DA & COMPLIA 40.00 0.00 X 84458 0 5962 MICHAEL ALVIDREZ Former CEO 40.00 0.00 72457 0 1899 COURTNEY M DAHARSH VP E PMO & SI 40.00 0.00 X 67459 0 5514 ANTONIO D LE MONS President & COO 40.00 0.00 X 46464 0 6445 TOMASHU K JONES VP HEA & SOC SE 40.00 0.00 X 32458 0 1504 SIMON HA Chairman 1.08 0.04 X X 0 0 0 DIANA SKIDMORE Director 1.08 0.00 X 0 0 0 MAX KOLOMEYER Treasurer 1.08 0.04 X X 0 0 0 PATRICK SPILLANE Director 1.08 0.00 X 0 0 0 PAUL GREGERSON MD Director 1.08 0.00 X 0 0 0 Benjamin Henwood Director 0.00 0.00 X 0 0 0 David Waite Director 1.12 0.00 X 0 0 0 REX JONES Director 1.12 0.04 X 0 0 0 Diane Ballen Director 1.08 0.04 X 0 0 0 Jennifer Christian-Herman Secretary 1.08 0.00 X X 0 0 0 Katherine Perez Director 1.08 0.00 X 0 0 0 Dan Mahoney Director 1.12 0.00 X 0 0 0 Emil Khodorkovsky Director 1.08 0.00 X 0 0 0 2034687 180677 11 true true false HOLTHOUSE CARLIN & VAN TRIGT LLP 1801 Olympic Blvd File 1404 Pasadena CA 911991404 ACCOUNTING 145334 BayGrape Technology LLC 5 Sea Grape Rd Ladera Ranch CA 92694 IT consulting 116796 2 254951 6834075 763821 7852847 CANCELLATION OF DEBT 531390 465194 465194 IT SERVICES INCOME 531390 323001 323001 non-performing loan fees 531310 552723 552723 RENTAL INCOME 531110 7458413 7458413 SUPPORTIVE SERVICES 624100 671976 671976 233335 233335 9704642 1405 1405 0 0 0 0 21915 254951 87684 -65769 -65769 0 0 0 17493125 9704642 -64364 0 0 0 0 1898235 1207945 629718 60572 0 4622810 2941732 1533566 147512 0 470765 299572 156171 15022 572492 364306 189918 18268 0 86731 13077 70299 3355 216604 208226 8378 0 0 0 1096220 165288 888531 42401 32028 20592 3754 7682 298974 263464 9441 26069 787432 787432 0 85947 55259 10073 20615 101034 12131 88792 111 0 6826 5533 1250 43 1648571 1642983 5588 0 1929051 1929051 312703 277020 32829 2854 K-1 RENTAL EXPENSES 5787677 5787677 BAD DEBT 1537522 1394652 142870 COMP BY PROP MGT 1195468 1195468 PROPERTY REPAIRS & MAINTENANCE 1119241 1026656 92064 521 1882093 1779690 84350 18053 25688424 21169528 4004570 514326 1096149 772247 32378 0 613620 481848 279315 476316 0 0 22832978 21206446 0 195938 363884 91713690 36481031 46145875 55232659 0 0 110071061 100431231 40227 52395 21751463 25196713 203059004 204213739 4509443 7219804 238393 523535 84124051 85246556 83536279 80505681 27746217 34339204 200154383 207834780 X 1958970 -4566692 945651 945651 2904621 -3621041 203059004 204213739 X -8195299 1669637 X X false false true false X 3755389 5858975 10593541 10100450 7852847 38161202 10125033 14840173 12725863 8647098 9726557 56064724 0 0 0 13880422 20699148 23319404 18747548 17579404 94225926 799361 167895 114974 10155 29525 1121910 3227168 7638606 4742116 1375017 843052 17825959 4026529 7806501 4857090 1385172 872577 18947869 75278057 43865 320235 109133 39108 1405 513746 0 43865 320235 109133 39108 1405 513746 0 0 13924287 21019383 23428537 18786656 17580809 94739672 0.79460 0.72990 0.00540 0.00650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false X 21169528 26742406 21169528 26742406 1000000 1000000 250000 250000 false 1893693 2000000 1913656 2000000 7807349 11711024 473423 500000 478414 500000 1951837 2927756 173600 X false 22008611 22008611 65374539 33241000 32133539 2895126 2062501 832625 1435414 1177530 257884 55232659 100431231 AMOUNT DUE FROM AFFILIATE 12673312 OPERATING RESERVE 147318 REAL ESTATE UNDER DEVELOPMENT 11206940 REPLACEMENT RESERVE 1123755 TENANT SECURITY DEPOSITS 45388 25196713 ACCRUED INTEREST PAYABLE 27152963 DEFERRED GAIN ON SALE 2104198 DUE TO AFFILIATE 5018023 SECURTIY DEPOSITS 64020 34339204 Part III, Line 4: Description of organization's collections and how it furthers its purpose. The collection includes ten 1980s artworks, which were donated by Guess and the Maurice Marciano Trust. The art collection is to make the Six a pleasant environment for the formerly homeless residents and veterans who live there. The collection helps to provide an outstanding living environment for the homeless residents and veterans who need to reconstitute their lives. false Bldg Hope Gala 276866 254951 21915 10786 58462 18436 276866 254951 21915 10786 58462 18436 87684 -65769 X X false false false false false false false false false debra chafe VP Controller 150785 9358 8549 168692 JET D DOYE VP DEV & ADV 158646 14107 8270 181023 JOANNE C RUSSO CORDERO Chief of Staff 206221 27000 4534 237755 MICHAEL ALVIDREZ Former CEO 72457 1899 74356 NADEZHDA N LITOVSKAYA CFO 198542 9979 12763 221284 SIERRA ATILANO Pres & Chief RE 267695 8463 8009 284167 VERONICA GARCIA CASTANEDA VP HR & TM 145239 2000 7200 9436 163875 Form 990, Part VI, Section B, Line 11b The audit committee of the board will review a draft of the Form 990. Upon the audit committee's approval of the Form 990, the finalized form will be filed with the appropriate agency. Form 990, Part VI, Section B, Line 12c Conflict of interest policy is documented in the Employee Manual and Corporate Bylaws. At hiring, human resource management distributes the conflict of interest policy to all employees which requires that the employees disclose any activities that may be in conflict with the Trust and sign the policy agreement. New board members receive copies of the Corporate Bylaws including conflict of interest clauses upon joining the board. Form 990, Part VI, Section B, Line 15b The board of directors have the power to select and remove all officers of the corporation; prescribe powers and duties for them that are consistent with law, with the articles of incorporation, and with the bylaws; fix their compensation; and require from them security for faithful service. ALL EXECUTIVE SALARIES WERE COMPARED TO THOSE OF EXECUTIVES IN SIMILAR ORGANIZATIONS. Form 990, Part VI, Section C, Line 19 No documents, other than those documents required for federal tax purposes, which are listed in Question 18, are available to the public on request. Form 990, Part XI, Line 9 GAAP/TAX DIFFERENCES IN AMOUNTS FROM K-1S = $1669637 Form 990, Part XII, Line 3b AT THE TIME OF FILING THE TAX RETURN, THE TAXPAYER ENTERED RECEIVERSHIP, THEREFORE, NO AUDITS WERE DONE FOR 2021 OR 2022. THE ANSWER OF FORM 990 PART IV QUESTION 12B, FORM 990 PART XII QUESTION 2B and 2C, AND FORM RRF-1 PART B QUESTION 8 REFLECT THIS SITUATION. CHANGE IN FUND BALANCE AND TOTAL ASSETS THE TAX RETURN HAS BEEN PREPARED TO INCLUDE THE TRUST'S ACTIVITIES PLUS THEIR INVESTMENT IN PARTNERSHIPS PER THEIR 2022 K-1S SO THAT THE PARTNERSHIP ACTIVITY CORRECTLY REFLECTS THE ORGANIZATION'S PERCENTAGE INTEREST IN THE PARTNERSHIPS. THE K-1S USE TAX BASIS FOR INCOME/(LOSS) AND EXPENSE ITEMS, BUT THE AUDITED FINANCIAL STATEMENTS ARE ISSUED ON CONSOLIDATED BASIS AND THE CAPITAL ACCOUNT IS ON GAAP BASIS. AS SUCH, IT CAUSES AN ADJUSTMENT TO FUND BALANCE AS FOLLOWS:FUND BALANCE AT 1/1/22 $ 2,904,621.2022 INCOME PER TAX -8,195,298.GAAP/TAX DIFFERENCES IN AMOUNTS FROM K-1S 1,669,637.FUND BALANCE AT 12/31/22 $ -3,621,040. 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