2023-11-15T18:41:48-06:00 2022-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2022-01-01 954586463 ABODE COMMUNITY HOUSING ABOD 2132252784 1149 S HILL STREET SUITE 700 LOS ANGELES CA 90015 RICK SAPERSTEIN EVP & ASST. TREAS. 2132252784 2023-11-15 1 RICK SAPERSTEIN XXX-XX-XXXX 1 JOLANTA TUCK CPA P01340068 9164429100 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HOLLY BENSON 1149 S HILL STREET SUITE 700 LOS ANGELES CA 90015 13404 0 X WWW.ABODECOMMUNITIES.ORG X 1996 CA TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING THAT PROMOTES SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES 5 5 0 5 0 0 0 0 0 0 13008 13404 0 0 13008 13404 0 0 0 0 0 0 0 0 0 1894617 3573649 1894617 3573649 -1881609 -3560245 -8366346 -12001737 515146 440000 -8881492 -12441737 TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING THAT PROMOTES SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES 0 0 3571349 0 DESIGN, DEVELOP AND OPERATE AFFORDABLE HOUSING FOR LOW-INCOME PEOPLE IN SOUTHERN CALIFORNIA AND COORDINATE TENANT SERVICES TO PROVIDE CHILD CARE, TUTORING AND OTHER ACTIVITIES ON SITE. 3571349 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 CA X RICK SAPERSTEIN EVP ASST TREAS 2136292702 1149 SOUTH HILL ST SUITE 700 LOS ANGELES CA 90015 BRIAN HANSEN TREASURER 0.30 1.70 X X 0 0 0 JOHN ARNOLD SECRETARY 1.00 X X 0 0 0 RUDY ESPINOZA VICE CHAIR 1.00 X X 0 0 0 SINDY SPIVAK CHAIR 0.30 1.70 X X 0 0 0 VA LECIA ADAMS KELLUM DIRECTOR 1.00 X 0 0 0 HOLLY BENSON PRES & CEO (AS OF 8/22) 0.80 42.20 X 0 320552 21538 RICK SAPERSTEIN EXECUTIVE VP & ASSISTANT TREASURER 0.80 42.20 X 0 260686 28810 ROBIN HUGHES PRES & CEO (UNTIL 6/22) 0.80 42.20 X 0 192453 21396 0 773691 71744 0 0 1 0 0 13404 13404 13404 0 0 13404 2300 2300 38264 38264 25 25 PARTNERSHIP LOSSES 3533060 3533060 3573649 3571349 2300 0 418 418 763524 661144 -9131012 -12664023 724 724 -8366346 -12001737 440000 440000 75146 0 515146 440000 X -8881492 -12441737 -8881492 -12441737 -8366346 -12001737 -3560245 0 X X 0 1 X 1 0 X 1423742 466190 1889932 1423742 466190 1889932 0 0 0 1889932 17934 12387 12658 13008 13404 69391 17934 12387 12658 13008 13404 69391 1441676 478577 12658 13008 13404 1959323 0.96460 0.98250 0.03540 0.01750 X 0 OTHER ASSETS 724 724 X PART X, LINE 2: EACH OF ABODE COMMUNITIES, ACH, FCLC, L'CANON CLUB APARTMENTS AND ROLLAND CURTIS COMMERCIAL QALICB, INC. 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 DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. 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. 0 0 0 0 0 0 0 0 0 HOLLY BENSON PRES & CEO (AS OF 8/22) 0 320552 0 0 0 0 0 9957 0 11581 0 342090 0 0 RICK SAPERSTEIN EXECUTIVE VP & ASSISTANT TREASURER 0 260686 0 0 0 0 0 10792 0 18018 0 289496 0 0 ROBIN HUGHES PRES & CEO (UNTIL 6/22) 0 192453 0 0 0 0 0 7309 0 14087 0 213849 0 0 PART I, LINE 3 ON AN ANNUAL BASIS, COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT AND EXECUTIVE VICE PRESIDENTS ARE MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF ABODE COMMUNITIES, A RELATED NONPROFIT ORGANIZATION, AND AS NECESSARY OR REQUESTED, COMPARABLE COMPENSATION DATA FROM A RELIABLE THIRD-PARTY SOURCE IS OBTAINED. MINUTES OF THE MEETING ARE KEPT, TO THE EXTENT ALLOWED FOR BY CONFIDENTIALITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE 990 AND APPROVES IT FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, LETTER EXPLAINING CONFLICT OF INTEREST POLICY AND ACKNOWLEDGING CONTINUING COMPLIANCE IS SENT TO KEY EMPLOYEES AND BOARD MEMBERS. THIS LETTER IS REQUIRED TO BE SIGNED AND RETURNED TO EVP/CFO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR INSPECTION IN PERSON OR VIA EMAIL UPON REQUEST. FROM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTION AND OVERSIGHT OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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