2024-11-11T11:39:55-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 2033 N MAIN ST SUITE 400 WALNUT CREEK CA 94596 990 2023-01-01 330515218 ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION ESPE 6192826647 3111 CAMINO DEL RIO NORTH 800 SAN DIEGO CA 92108 BRIAN KAY CFO 6192826647 2024-11-11 1 0 ERIC M BARNETT P01433887 9259494300 2023 2024-10-15 13:58:12Z SEAN SPEAR 3111 CAMINO DEL RIO NORTH 800 SAN DIEGO CA 92108 4697340 0 X WWW.CHWORKS.ORG X 1991 CA TO CREATE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS, THROUGH DEVELOPMENT, OWNERSHIP, ACQUISITION, LENDING AND INVESTMENT AND TO PROMOTE COMMUNITY DEVELOPMENT TO IMPROVE HOUSING AND ECONOMIC CONDITIONS OF THE UNDERPRIVILEGED. 3 2 0 0 0 0 0 0 1058745 4697340 0 0 0 0 1058745 4697340 3138774 1274621 0 0 0 0 0 0 0 434860 3433941 3573634 4708562 -2514889 -11222 55504610 171394736 3845336 81812188 51659274 89582548 X TO CREATE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS, THROUGH DEVELOPMENT, OWNERSHIP, ACQUISITION, LENDING AND INVESTMENT AND TO PROMOTE COMMUNITY DEVELOPMENT TO IMPROVE HOUSING AND ECONOMIC CONDITIONS OF THE UNDERPRIVILEGED. 0 0 4708562 1274621 4697340 ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION ("ESPERANZA"), A CALIFORNIA NONPROFIT CORPORATION, HAS PARTNERSHIP INTERESTS IN VARIOUS LIMITED PARTNERSHIPS AND IS THE SOLE MEMBER OF SEVERAL LLC THAT HOLD PARTNERSHIP INTERESTS. THESE ENTITIES ARE DISCLOSED ON SCHEDULE R. THE LIMITED PARTNERSHIPS ARE DEVELOPED AND OPERATED BY COMMUNITY HOUSINGWORKS ("CHW"), A CALIFORNIA NONPROFIT CORPORATION, AS AFFORDABLE HOUSING FOR LOW-INCOME PERSONS. EACH OF THESE LIMITED PARTNERSHIP'S FILE A SEPARATE PARTNERSHIP TAX RETURN FORM 1065 (FEDERAL) AND FORM 565 (STATE). ESPERANZA'S MISSION TO DEVELOP HOUSING FOR LOW-INCOME PERSONS AND TO PROMOTE COMMUNITY DEVELOPMENT TO IMPROVE THE HOUSING AND ECONOMIC CONDITIONS OF THE UNDERPRIVILEGED IS FULFILLED THROUGH ITS PARTICIPATION AS A LIMITED PARTNER IN THESE LIMITED PARTNERSHIPS. 4708562 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 0 CA X BRIAN KAY 6192826647 3111 CAMINO DEL RIO NORTH STE 800 SAN DIEGO CA 92108 SEAN SPEAR PRESIDENT & CEO 1.00 39.00 X X 0 389380 27379 DON AMBROSE SECRETARY 1.00 0.00 X X 0 0 0 NONI RAMOS TREASURER 1.00 0.00 X X 0 0 0 BRIAN KAY CFO CFO 1.00 39.00 X 0 301239 25820 0 690619 53199 0 0 1 0 0 PROGRAM INCOME 900099 4586722 4586722 OTHER INCOME 900099 65659 65659 MANAGEMENT FEES 900099 22491 22491 ASSET FEES 900099 22468 22468 4697340 4697340 4697340 0 0 1274621 1274621 14635 14635 2047 2047 1410656 1410656 REPAIRS AND MAINTENANCE 1769136 1769136 ADMINISTRATIVE 233538 233538 TAXES & LICENSES 3929 3929 4708562 4708562 0 0 246701 802711 0 296653 0 52915 45023345 45077165 0 421049 36910000 1662857 1247143 35247143 2786356 31815294 10000 10000 6191065 57671806 55504610 171394736 3845336 476596 0 81335592 3845336 81812188 X 51659274 89582548 51659274 89582548 55504610 171394736 X -11222 37934496 X X 0 1 X 1 0 X 3180776 835773 882602 1058745 4697340 10655236 3180776 835773 882602 1058745 4697340 10655236 0 0 0 10655236 3180776 835773 882602 1058745 4697340 10655236 1.00000 0.99700 0.00000 X 1700000 1700000 32300000 32300000 0 2910000 1662857 1247143 0 35247143 INVESTMENTS IN LIMITED PARTNERSHIPS 31815294 C 31815294 CONSTRUCTION IN PROGRESS 54571508 INTEREST RECEIVABLE 3055398 DEPOSITS 44900 57671806 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION BELIEVES THAT IT APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION. THE ORGANIZATION'S RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2023, 2022, 2021 AND 2020 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXKING AUTHORITIES, GENERALLY THREE TO FOUR YEARS AFTER THE RETURNS WERE FILED. 0 COMMUNITY HOUSING WORKS 3111 CAMINO DEL RIO N STE 800 SAN DIEGO CA 92108 330317950 501C(3) 1274621 0 PROGRAM SUPPORT 1 0 0 0 0 0 0 0 0 0 0 SEAN SPEAR PRESIDENT & CEO 0 335707 0 53673 0 0 0 11757 0 15622 0 416759 0 0 BRIAN KAY CFO CFO 0 261824 0 39415 0 0 0 12422 0 13398 0 327059 0 0 PART I, LINE 3- METHODS USED BY RELATED ORG. TO ESTABLISH CEO/EXEC. DIR. CO ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION DOES NOT HAVE ANY EMPLOYEES. ALL WAGES PAID ARE RELATED TO COMMUNITY HOUSINGWORKS. COMMUNITY HOUSINGWORKS USES INDEPENDENT PERSONS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIVERATION AND DECEISION TO DETERMINE SALARIES FOR THE CEO, OFFICES AND KEY EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A CONTRACT WITH AN UNAFFILIATED PROPERTY MANAGEMENT COMPANY TO MANAGE THE DAILY OPERATIONS OF ALL THE APARTMENT COMPLEXES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH CHW'S AUDIT COMITTEE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 12C IN CASE OF A CONFLICT OF INTEREST ISSUE, THE BOARD WOULD REVIEW THE SITUATION. THERE HAVE BEEN NO KNOWN CONFLICTS OF INTEREST FOR THE CURRENT TAX YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS TO ANY PERSON WHO REQUESTS THIS INFORMATION IN WRITING. THIS INFORMATION CAN BE OBTAINED IN THE FORM OF PDF DOCUMENTS. FORM 990, PART XI, LINE 9: NET ASSETS ADJUSTMENT 38,920,090. DISSOLUTION OF CONCORD SUNRIDGE LLC -8,761,094. NET ASSETS CONTRIBUTION RICHARDS ROAD DEVELOPMENT HOLDING COMPANY, LLC 7,775,500. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE WITH THESE RESPONSIBILITIES. PROCESS IS UNCHANGED FROM PRIOR YEAR. 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