2024-05-14T13:41:36-05:00 2023-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-07-01 364655203 ABBEY ROAD INC ABBE 8188923423 15305 RAYEN STREET NORTH HILLS CA 91343 BERNIE LAFIANZA CFO 8188923423 2024-05-13 1 BERNIE LAFIANZA 999009999 1 ROBERT J DOYLE JR P02365765 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BERNIE LAFIANZA 15305 RAYEN STREET NORTH HILLS CA 91343 2658480 0 X N/A X 2009 CA ABBEY ROAD ("ABBEY") IS A NONPROFIT AFFORDABLE HOUSING DEVELOPMENT ORGANIZATION THAT WAS CREATED TO SUPPORT PENNY LANE CENTERS. 8 8 0 0 0 0 169006 326849 1394054 1272014 171479 13099 38274 1046518 1772813 2658480 0 0 0 0 523025 667295 0 0 0 780757 982202 1303782 1649497 469031 1008983 9103681 11338451 9752649 10978436 -648968 360015 ABBEY ROAD'S MISSION IS TO FOSTER HOPES AND DREAMS BY DEVELOPING SAFE, AFFORDABLE HOUSING ENVIRONMENTS FOR CHILDREN, ADULTS AND FAMILIES TO BUILD BRIGHTER FUTURES AND STRENGTHEN COMMUNITIES. 0 0 1649497 2331631 RENTAL AND DEVELOPMENT ACTIVITIES - IDENTIFYING, DEVELOPING, AND OPERATING PROPERTY FOR LOW INCOME, TRANSITIONAL AND PERMANENT HOUSING, ABBEY ROAD WHOLLY OWNS 7 PROPERTIES AND HOLDS A GENERAL PARTNER INTEREST IN 7 PROPERTIES TOTALING 623 UNITS 1649497 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X BERNIE LAFIANZA 8188923423 15305 RAYEN STREET NORTH HILLS CA 91343 X MAURA JOHNSON DIRECTOR OF HOUSING SERVIC 40.00 X 211657 0 0 NICOLE POOLE PROJECT MANAGER 40.00 X 110834 0 0 ANNICK HAMON PRESIDENT 0.50 1.00 X X 0 0 0 IVELISE MARKOVITS VICE PRESIDENT 0.50 40.00 X X 0 0 0 JOANNE YOKOTA SECRETARY & TREASURER 0.50 X X 0 0 0 JAMES OCON BOARD MEMBER 0.50 1.00 X 0 0 0 OLGA MORETTI BOARD MEMBER 0.50 X 0 0 0 FLEURA ARIANO BOARD MEMBER 0.50 X 0 0 0 NUCCIO PATTI BOARD MEMBER 0.50 X 0 0 0 322491 0 0 2 0 1 0 0 88333 238516 158066 326849 DEVELOPER FEE INCOME 531390 1249833 1249833 PARTNERSHIP MANAGEMENT FEE 531390 22181 22181 1272014 13099 13099 1044019 0 1044019 1044019 1044019 OTHER INCOME 531390 2499 2499 2499 2658480 2331631 0 0 584491 584491 43951 43951 38853 38853 610 610 48365 48365 7678 7678 101963 101963 91828 91828 2861 2861 1435 1435 93651 93651 60434 60434 6990 6990 INVESTMENT LOSS FROM OP 304637 304637 REPAIRS AND MAINTENANCE 125928 125928 DEVELOPMENT ACTIVITY 108113 108113 REAL ESTATE TAXES 12749 12749 14960 14960 1649497 1649497 0 0 577081 693672 15999 26604 6479538 1286835 5253137 5192703 99618 99630 239595 239788 2918251 5086054 9103681 11338451 46985 447166 9433543 9954500 272121 576770 9752649 10978436 X -648968 360015 -648968 360015 9103681 11338451 1008983 0 X X 0 1 X 1 0 X X X 1 PENNY LANE CENTERS 952633765 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4062219 4062219 2417319 1286835 1130484 5192703 LOAN RECEIVABLE - 44000 SAHUAYO STR 430000 PREDEVELOPMENT AND CONSTRUCTION REL 1703418 DUE FROM MOONLIGHT VILLAS, LP 123794 DEVELOPER FEES RECEIVABLE 2676370 INTEREST RECEIVABLE - 44000 SAHUAYO 77472 DEPOSITS 75000 5086054 INVESTMENT IN OPERATING PARTNERSHIP 576770 576770 X 2658480 0 2658480 0 2658480 1344860 0 1344860 304637 304637 1649497 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND HAS BEEN CLASSIFIED AS OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. EVEN THOUGH THE CORPORATION IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). THE CORPORATION EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN TAX MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLE ESTIMABLE. AS OF THE PRIOR AND CURRENT YEAR FISCAL YEAR ENDS, THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT LOSS FROM OPERATING PARTNERSHIPS 304,637. 0 0 0 0 0 0 0 0 0 MAURA JOHNSON DIRECTOR OF HOUSING SERVIC 211657 0 0 0 0 0 0 0 0 0 211657 0 0 0 X EXPENSES PAID BY PENNY LANE CENTERS 24 158066 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO PRESENTS THE FORM 990 AND AUDIT TO THE BOARD FOR THEIR REVIEW, DISCUSSION AND APPROVAL. THEN IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL STATEMENTS ARE SIGNED BY DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 PART VI, QUESTIONS 15(A) AND (B) WERE ANSWERED NO AS THERE WERE NO OFFICERS OR KEY EMPLOYEES AS DEFINED IN FORM 990 INSTRUCTIONS BEING COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C: OVERVIEW OF AUDIT FUNCTION THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. 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