2024-08-13T12:21:56-05:00 2023-12-31 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2023-01-01 770329569 RINCON DE LOS ESTEROS INC RINC 4082918650 75 E SANTA CLARA STREET 1300 SAN JOSE CA 95113 RICHARD CONNIFF CHAIRMAN & CEO 4082918650 2024-08-13 1 1 WANWAN ZHANG P01317662 4082006400 2024-08-12 2023 2024-08-08 14:25:15Z RICHARD CONNIFF 75 E SANTA CLARA STREET 1300 SAN JOSE CA 95113 54685476 0 X WWW.FIRSTHOUSING.ORG X 1992 CA PROVIDES HOUSING FOR LOW INCOME PERSONS AND FAMILIES AND OWNS AND OPERATES APARTMENT COMPLEXES. X 11 11 0 11 0 0 207728 234899 4881245 4971312 2972 32205489 -405429 -528854 4686516 36882846 0 20630082 0 0 631154 620222 0 0 0 4434417 4695518 5065571 25945822 -379055 10937024 16687590 2243652 32614664 7233702 -15927074 -4990050 X THE CORPORATION IS ORGANIZED TO PROVIDE HOUSING FOR LOW INCOME PERSONS AND TO SERVE AS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS. 0 1 25689995 20630082 4971312 THE ORGANIZATION OWNS, MAINTAINS, AND MANAGES A 246 UNIT MULTI-FAMILY APARTMENT COMPLEX IN SAN JOSE. 803 PEOPLE WERE SERVED DURING THE YEAR. THE PROPERTY WAS SOLD IN DECEMBER 2023. -528854 THE ORGANIZATION SERVES AS GENERAL PARTNER OF TWO LIMITED PARTNERSHIPS AND PROVIDES MANAGEMENT SERVICES TO BOTH PARTNERSHIPS. EACH PARTNERSHIP OWNS AND OPERATES MULTI-FAMILY APARTMENT BUILDINGS FOR A TOTAL OF 87 UNITS IN SAN JOSE AND SUNNYVALE. 209 PEOPLE WERE SERVED DURING THE YEAR. 25689995 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X MICHAEL SANTERO COO 4082918650 75 EAST SANTA CLARA STREET 1300 SAN JOSE CA 95113 X GARY SCHOENNAUER CHAIRMAN OF THE BOD (THRU 06/23) 0.50 1.00 X X 0 0 0 RICHARD L CONNIFF CHAIRMAN/DIRECTOR/CEO 0.50 1.00 X X 0 0 0 RU WEERAKOON VP/DIRECTOR 0.50 1.00 X X 0 0 0 ROBERT SHERRARD TREASURER/DIRECTOR 0.50 1.00 X X 0 0 0 DUNIA NOEL SECRETARY/DIRECTOR 0.50 1.00 X X 0 0 0 JAIME ANGULO DIRECTOR (THRU 09/23) 0.50 1.00 X 0 0 0 KERMIT CONLEY DIRECTOR 0.50 1.00 X 0 0 0 JOSH CROSS DIRECTOR 0.50 1.00 X 0 0 0 GERRY DEYOUNG DIRECTOR 0.50 1.00 X 0 0 0 JEFF GEE DIRECTOR 0.50 1.00 X 0 0 0 MATTHEW JAMES DIRECTOR 0.50 1.00 X 0 0 0 SUSAN MUYSENBERG DIRECTOR 0.50 1.00 X 0 0 0 JOYCE RODGER DIRECTOR 0.50 1.00 X 0 0 0 GEOFFREY MORGAN PRESIDENT/CEO OF FCH (THRU 06/23) 0.50 40.00 X 0 224214 29255 DAVID MUNSON DIRECTOR OF FINANCE OF FCH 0.50 40.00 X 0 191526 48591 MICHAEL SANTERO NON-VOTING VP & COO 0.50 40.00 X 0 202254 50094 0 617994 127940 0 0 1 0 JOHN STEWART COMPANY 104 WHISPERING PINES DR 200 SCOTTS VALLEY CA 95066 PROPERTY MANAGEMENT 875995 D SQUARED 1037 SHARY CIRCLE CONCORD CA 94518 CONSTRUCTION 412580 IMPERIAL FLOORING SOLUTIONS INC PO BOX 850 SAN CARLOS CA 94070 FLOORING INSTALLATION 141982 PIERCE MAINTENANCE & RECYCLING PO BOX 827 LIBERTY LAKE WA 99019 MAINTENANCE 112372 4 234899 234899 RENTAL INCOME 531110 4882443 4882443 LAUDRY AND OTHER TENAN 531110 87985 87985 SUSTAINABILITY PROJECT 531390 884 884 4971312 8119 8119 50000000 17802630 32197370 32197370 32197370 LOSS ON INVESTMENT 900003 -528854 -528854 -528854 36882846 4442458 0 32205489 20630082 20630082 499943 499943 5842 5842 71795 71795 42642 42642 180477 180477 25307 25307 46745 46745 155944 155944 22981 22981 113435 113435 6855 6855 977937 977937 1590 1590 3298 3298 1200806 1200806 707155 707155 1028 1028 REPAIRS AND MAINTENANCE 989675 989675 PREPAYMENT PENALTY 230000 230000 ADMINISTRATOR'S UNIT 26136 26136 UNIFORM AND LAUNDRY 6149 6149 25945822 25689995 255827 0 515974 1546860 453260 43941 61284 23652 207561 0 0 0 18297459 0 -6206158 0 3358210 629199 16687590 2243652 136916 96792 18664 31191184 1267900 7136910 32614664 7233702 X -15927074 -4990050 -15927074 -4990050 16687590 2243652 10937024 0 X 0 1 X 1 0 X X X 1 FIRST COMMUNITY HOUSING 770119210 7 1 20630082 0 1 20630082 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 0 RECEIVABLE FROM AFFILIATE 262486 TENANT SECURITY DEPOSIT 366713 629199 ACCOUNTS PAYABLE - AFFILIATES 35183 TENANT SECURITY DEPOSITS 366713 DEFICIT IN INVESTMENT IN LIMITED PARTNERSHIPS 6735014 7136910 X 36882846 0 36882846 0 36882846 25945822 0 25945822 0 25945822 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS FOR THE TAX YEARS 2020 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR THE TAX YEARS 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. 1 FIRST COMMUNITY HOUSING 75 EAST SANTA CLARA STREET SAN JOSE CA 95113 770119210 501C3 20630082 0 GENERAL SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION DONATED FUNDS FROM SALE OF PROPERTY TO ITS RELATED ORGANIZATION, FIRST COMMUNITY HOUSING, TO BE USED FOR RELATED LOW-INCOME HOUSING PROJECTS. 1 0 0 0 0 0 0 0 0 GEOFFREY MORGAN PRESIDENT/CEO OF FCH (THRU 06/23) 0 156620 0 0 0 67594 0 6726 0 22529 0 253469 0 0 MICHAEL SANTERO NON-VOTING VP & COO 0 199254 0 3000 0 0 0 5978 0 44116 0 252348 0 0 DAVID MUNSON DIRECTOR OF FINANCE OF FCH 0 188526 0 3000 0 0 0 5656 0 42935 0 240117 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS. A RELATED ORGANIZATION, FIRST COMMUNITY HOUSING (FCH), USES FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO OF FCH AND RELATED ORGANIZATIONS: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4A GEOFFREY MORGAN, THE PRESIDENT AND CEO, LEFT FCH JUNE 2023 AND RECEIVED A SEVERANCE PAYMENT OF $67,593.78. PROPERTY AND EQUIPMENT 2023-12-21 5000000 FMV SANTA CLARA COUNTY HOUSING AUTHORITY 505 JULIAN STREET SAN JOSE CA 95110 GOVT 0 0 0 0 FORM 990, PART III, LINE 3 ON DECEMBER 21, 2023, RINCON SOLD ITS PROPERTY AND EQUIPMENT TO THE SANTA CLARA COUNTY HOUSING AUTHORITY, FOR $50,000,000, RESULTING IN A $32,197,370 GAIN ON THE SALE OF PROPERTY AND EQUIPMENT. THE PROCEEDS FROM THE SALE WERE USED TO PAY OFF THE PRUDENTIAL MULTIFAMILY MORTGAGE AND THE CITY OF SAN JOSE NOTE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS, AND THE FINANCE COMMITTEE AND MANAGEMENT REVIEW AND APPROVE THE FORM 990 BEFORE FILING IT. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM ANNUALLY DISCLOSING ANY POSSIBLE CONFLICT. THOSE FORMS ARE GIVEN TO THE BOD CHAIRMAN, WHO EVALUATES THE POSSIBLE CONFLICTS AND FOLLOW THE POLICIES PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGMENT OFFICIALS OF THE ORGANIZATION ARE COMPENSATED BY FIRST COMMUNITY HOUSING, A RELATED CALIFORNIA NON-PROFIT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND OTHER PUBLIC DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990 PART VII SECTION A COLUMN (B) ALL BOARD MEMBERS ATTEND BOARD MEETINGS OF OTHER RELATED ORGANIZATIONS. THE CEO WORKS 40 HOURS/WEEK FOR FIRST COMMUNITY HOUSING, A RELATED NON-PROFIT ORGANIZATION. FIRST COMMUNITY HOUSING 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770119210 DEVELOPER OF AFFORDABLE HOUSING CA 501(C)(3) LINE 7 N/A 0 FIRST HOUSING SERVICES INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 201253637 SERVICE PROVIDER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 EL PASEO APARTMENTS INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770563647 GENERAL PARTNER FOR AFFORDABLE HOUSING AND OWNER OF AFFORDABLE RENTAL COMPLE CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 GUADALUPE INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770207370 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 TROY APARTMENTS INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 830340920 OWNER OF AFFORDABLE HOUSING APARTMENT BUILDING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 PAULA APARTMENTS INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770509841 OWNER OF AFFORDABLE HOUSING APARTMENT BUILDING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 CRAIG GARDENS INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770566901 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 BETTY ANNE GARDENS INC 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770563148 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 FIRST COMMUNITY LAND 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 851098163 DEVELOPER OF AFFORDABLE HOUSING CA 501(C)(3) LINE 12B, II FIRST COMMUNITY HOUSING 0 PARKVIEW APARTMENTS ASSOCIATES 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770478063 OWNER OF AFFORDABLE HOUSING APARTMENT BUILDING CA RINCON DE LOS ESTEROS INC RELATED -63 182662 1 1 0.00100 KING ROAD ASSOCIATES 75 EAST SANTA CLARA ST SUITE 1300 SAN JOSE CA 95113 770470166 OWNER OF AFFORDABLE HOUSING APARTMENT BUILDING CA RINCON DE LOS ESTEROS INC RELATED 965 119647 1 1 0.00100 1585 STUDIOS LP 75 SANTA 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