2023-11-15T18:54:34-06:00 2022-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2022-01-01 330427639 HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO HOUS 6175787608 1122 BROADWAY 300 SAN DIEGO CA 92101 SUKET DAYAL CFO 6175787608 2023-11-14 1 SUKET DAYAL 999009999 0 JOLANTA TUCK CPA P01340068 9164429100 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JEFF DAVIS 1122 BROADWAY 300 SAN DIEGO CA 92101 5426565 0 X WWW.HDPARTNERS.ORG X 1990 CA PRESERVE & INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS 5 4 0 0 0 0 61900 96205 4859024 4602763 644818 699379 0 28218 5565742 5426565 0 0 0 0 403357 433430 0 0 0 5174316 5078931 5577673 5512361 -11931 -85796 64899022 63947825 46666471 45830342 18232551 18117483 TO PRESERVE AND INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS 0 0 4016607 4630981 HDP IS ORGANIZED FOR THE PURPOSE OF PROVIDING LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS, AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING BY ACQUIRING OR DEVELOPING PUBLICLY FINANCED LOW- AND MODERATE-INCOME HOUSING AND RENTING SUCH HOUSING TO THESE PERSONS. 4016607 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 1 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 1 CA X SUKET DAYAL 6175787608 1112 BROADWAY SUITE 300 SAN DIEGO CA 92101 JEFF DAVIS INTERIM PRESIDENT & CEO 0.50 39.50 X X 0 368465 48445 EMILY JACOBS EXEC. VP OF REAL ESTATE 6.50 33.50 X 0 278112 23241 SUKET DAYAL CFO 5.00 35.00 X 0 254339 22638 EMMANUEL ARELLANO VP OF ASSET MANAGEMENT 19.50 20.50 X 0 180766 8417 RICHARD C GENTRY PRESIDENT & CEO (UNT 3/22) 0.50 39.50 X X 0 187738 997 JOSHUA HOFFMAN VP OF RE DEVELOPMENT 20.00 20.00 X 0 145879 32296 GEORGE HUNT QA INSPECTION COORDINATOR 12.00 28.00 X 0 146980 13179 JOSIAH DENMARK DIRECTOR 20.00 20.00 X 0 151114 7143 STEPHANIE BENVENUTO SECRETARY 0.50 1.50 X X 0 0 0 GARY GRAMLING DIRECTOR 0.50 0.50 X 0 0 0 MITCH MITCHELL DIRECTOR 0.50 0.50 X 0 0 0 JUSTINE NIELSEN DIRECTOR 0.50 0.50 X 0 0 0 0 1713393 156356 0 0 1 0 0 96205 96205 RENTAL REVENUE 531110 3788600 3788600 DEVELOPER FEE 531390 442268 442268 PARTNERSHIP GAINS 531110 223204 223204 MANAGEMENT FEE 531110 148691 148691 4602763 699379 699379 ANCILLARY SERVICES 531110 28107 28107 111 111 28218 5426565 4630981 0 699379 X 342478 342478 64744 64744 26208 26208 197219 197219 33297 14873 18424 70181 70181 418 418 1169242 261369 907873 2943 2943 110455 68986 41469 43308 22411 20897 1667008 1626070 40938 11617 1654 9963 284561 284561 1160963 1154423 6540 12322 507 11815 ADMIN OVERHEAD 145409 145409 RESIDENT SERVICES 64846 64846 BAD DEBT EXPENSE 60235 60235 TAXES, LICENSES AND FEE 24070 24070 20837 20299 538 5512361 4016607 1495754 0 2989053 4998025 8901785 9803975 1197853 1137922 15703826 15541901 67297 73391 18869447 3518889 16482189 15350558 846406 1239540 18710613 15802513 64899022 63947825 603442 211247 3682449 14819786 20982608 21607706 21397972 9191603 46666471 45830342 X 18232551 18117483 18232551 18117483 64899022 63947825 -85796 -29272 0 X 0 1 X 1 0 X X 1 SAN DIEGO HOUSING COMMISSION 953390896 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART I ADDITIONAL SUPPLEMENTAL INFORMATION HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO HAS A MEMORANDUM OF UNDERSTANDING WITH THE SAN DIEGO HOUSING COMMISSION TO USE THE STAFF OF THE SAN DIEGO HOUSING COMMISSION TO CARRY OUT THE ACTIVITIES OF HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO. WAGES ARE PAID TO EMPLOYEES BY THE SAN DIEGO HOUSING COMMISSION AND BILLED TO HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO. PART IV, SECTION D, LINE 3: THE ORGANIZATION SERVES AS THE PRIMARY DEVELOPMENT ARM OF THE SAN DIEGO HOUSING COMMISSION. EMPLOYEES ARE SHARED BY THE ENTITIES AND THE COMMISSION HAS A SIGNIFICANT VOICE IN THE INVESTMENTS AND DIRECTION OF THE ASSETS HELD BY HOUSING DEVELOPMENT PARTNERS. PART IV, SECTION E, LINE 1C: HOUSING DEVELOPMENT PARTNERS SERVES AS THE PRIMARY DEVELOPMENT ARM OF THE SAN DIEGO HOUSING COMMISSION. ALL OF THE ACTIVITIES OF HOUSING DEVELOPMENT PARTNERS ARE SOLELY IN SUPPORT OF THE COMMISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 244481 244481 13310614 777952 12532662 1821683 428327 1393356 3492669 2312610 1180059 15350558 ESCROW DEPOSITS 302988 OTHER DEPOSITS 19256 RESERVES 2028971 RELATED PARTY ADVANCES 277450 SECURITY DEPOSITS 173973 DEVELOPER FEES RECEIVABLE 12999876 RIGHT OF USE ASSET -1 15802513 DUE TO RELATED PARTY 8828358 GROUND LEASE PAYABLE 185939 SECURITY DEPOSITS 177306 9191603 X PART X, LINE 2: HDP AND HDP MASON 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 SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. HDP AND HDP MASON 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 JEFF DAVIS INTERIM PRESIDENT & CEO 0 368465 0 0 0 0 0 22372 0 26073 0 416910 0 0 EMILY JACOBS EXEC. VP OF REAL ESTATE 0 277332 0 0 0 780 0 4153 0 19088 0 301353 0 0 SUKET DAYAL CFO 0 253559 0 0 0 780 0 5006 0 17632 0 276977 0 0 EMMANUEL ARELLANO VP OF ASSET MANAGEMENT 0 179986 0 0 0 780 0 2541 0 5876 0 189183 0 0 RICHARD C GENTRY PRESIDENT & CEO (UNT 3/22) 0 187738 0 0 0 0 0 0 0 997 0 188735 0 0 JOSHUA HOFFMAN VP OF RE DEVELOPMENT 0 145099 0 0 0 780 0 2328 0 29968 0 178175 0 0 GEORGE HUNT QA INSPECTION COORDINATOR 0 146180 0 0 0 800 0 13179 0 0 0 160159 0 0 JOSIAH DENMARK DIRECTOR 0 150334 0 0 0 780 0 7143 0 0 0 158257 0 0 PART I, LINE 3 ALL WAGES ARE PAID BY THE SAN DIEGO HOUSING COMMISSION, WHICH IS A GOVERNMENTAL UNIT AND LISTED AS A RELATED ORGANIZATION ON SCHEDULE R. THE SAN DIEGO HOUSING COMMISSION IS A PUBLIC AGENCY THAT WAS FORMED UNDER THE PROVISIONS OF STATE LAW, HEALTH, & SAFETY CODE, BY ORDINANCE OF THE CITY OF SAN DIEGO, SDMC SECTION 98.0301. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST TO THE BOARD ANNUALLY AND IF ANY ARISE DURING THE YEAR. MOST DIRECTORS ALSO COMPLETE A CALIFORNIA FAIR POLITICAL PRACTICES COMMISSION FORM 700. FORM 990, PART VI, SECTION B, LINE 15 A THIRD PARTY PERFORMS A CLASSIFICATION AND COMPENSATION STUDY PERIODICALLY. COMPENSATION IS APPROVED BY THE SAN DIEGO HOUSING COMMISSION'S BOARD OF DIRECTORS AND THE CITY OF SAN DIEGO ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 261,369. MANAGEMENT AND GENERAL EXPENSES 907,873. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,169,242. FORM 990, PART IX, LINES 7-10: ALL EMPLOYEES ARE PAID ONLY BY THE SAN DIEGO HOUSING COMMISSION (SDHC). THERE IS NO SEPARATE PAYMENT FROM HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO (HDP) TO ANY EMPLOYEES OF THE SDHC, INCLUDING, PRESIDENT & CEO OF THE COMMISSION, THE EXECUTIVE VICE PRESIDENT & CSO, THE SR. VICE-PRESIDENT, VICE-PRESIDENT, DIRECTOR AND OTHERS. HDP REIMBURSES SDHC FOR THE PORTION OF THE SDHC EMPLOYEES' SALARIES AND OTHER COMPENSATION THAT IS PAID TO THOSE EMPLOYEES BY THE SDHC. 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