2024-11-14T15:58:04-06:00 2023-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2023-01-01 953214230 BURBANK HOUSING COMMUNITIES CORPORATION BURB 7075269782 1425 CORPORATE CENTER PKWY SANTA ROSA CA 95407 LAWRANCE FLORIN CEO 7075269782 2024-11-14 1 0 JOE HUIE P00422192 4159579999 2023 2024-10-15 13:58:12Z LAWRANCE FLORIN 1425 CORPORATE CENTER PKWY SANTA ROSA CA 95407 2030007 0 X N/A X 1993 CA THE ORGANIZATION'S MISSION IS TO OWN AND OPERATE AFFORDABLE RENTAL HOUSING. 11 11 0 15 0 0 0 0 1605756 1783669 222709 239960 0 0 1828465 2023629 105691 109922 0 0 330657 408308 0 0 0 1637595 2463803 2073943 2982033 -245478 -958404 29701563 28803470 8702795 8763106 20998768 20040364 THE ORGANIZATION'S MISSION IS TO OWN AND OPERATE AFFORDABLE RENTAL HOUSING. 0 0 2907152 109922 1783669 IN ADDITION TO OWNING AND OPERATING AFFORDABLE RENTAL HOUSING, THE CORPORATION SERVES AS A PARTNER FOR PARTNERSHIPS WHICH PROVIDES LOW-INCOME HOUSING FOR FAMILIES IN SANTA ROSA, CALIFORNIA. 2907152 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 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 0 1 1 0 0 0 1 X 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 1 1 1 1 CA X THE ORGANIZATION 7075269782 1425 CORPORATE CENTER PKWY SANTA ROSA CA 95407 SHARON WRIGHT CHAIR 0.30 7.80 X X 0 0 0 DAVID GOUIN VICE CHAIR 0.30 7.80 X X 0 0 0 PAUL DONALDSON SECRETARY 0.30 7.80 X X 0 0 0 DOROTHY BEATTIE TREASURER 0.30 8.10 X X 0 0 0 KOMRON SHAHHOSSEINI DIRECTOR 0.30 7.80 X 0 0 0 NATE BELDEN DIRECTOR 0.30 7.80 X 0 0 0 TOMAS PHILLIPS DIRECTOR 0.30 7.80 X 0 0 0 JEAN KAPOLCHOK DIRECTOR 0.30 8.10 X 0 0 0 ANDREA LEARNED DIRECTOR 0.30 7.80 X 0 0 0 LESLIE CAMINO DIRECTOR 0.30 7.80 X 0 0 0 CHARLOTTE RADMILOVIC DIRECTOR 0.30 7.80 X 0 0 0 JON M STARK DIRECTOR 0.30 7.80 X 0 0 0 STEPHANIE BEDOLLA DIRECTOR 0.30 7.80 X 0 0 0 SUE MADDIGAN FORMER SECRETARY 0.30 7.80 X X 0 0 0 KIM AUGUST FORMER DIRECTOR 0.30 7.80 X 0 0 0 LAWRANCE FLORIN CEO 0.30 42.10 X 0 515517 34300 BENJAMIN WICKHAM COO 0.30 42.10 X 0 190222 38282 0 705739 72582 0 0 1 0 0 RENTAL INCOME 531110 1671497 1671497 ASSET MANAGEMENT FEE R 531110 75942 75942 OTHER INCOME 531110 36230 36230 1783669 246338 246338 6378 -6378 -6378 -6378 2023629 1783669 0 239960 109922 109922 281002 281002 107544 107544 19762 19762 189345 189345 10066 10066 64815 64815 238260 238260 345730 345730 46476 46476 PARTNERSHIP LOSSES 999685 999685 OPERATING & MAINT. 268685 268685 UTILITIES 188473 188473 ADMINISTRATIVE 67916 67916 44352 44352 2982033 2907152 74881 0 522522 475089 18382 49555 7366699 7366699 43175 50972 7693647 1878604 5927628 5815043 12716289 11713660 0 3106868 3332452 29701563 28803470 188202 294005 1413 1137 5232518 5188288 3280662 3279676 8702795 8763106 X 20998768 20040364 20998768 20040364 29701563 28803470 -958404 0 X X 0 1 X 1 0 X 1700000 4714 1704714 1334266 1384906 1425762 1605756 1783669 7534359 1334266 3084906 1430476 1605756 1783669 9239073 0 0 0 9239073 223220 229930 243257 239053 246338 1181798 223220 229930 243257 239053 246338 1181798 1557486 3314836 1673733 1844809 2030007 10420871 0.88660 0.88310 0.11340 0.11690 X 1766510 1766510 5435694 1622715 3812979 433459 238675 194784 57984 17214 40770 5815043 INVESTMENT IN PARTNERSHIPS 11713660 C 11713660 TENANT SECURITY DEPOSITS 136101 LOANS FEES, NET & GOODWILL 842758 RESTRICTED DEPOSITS 422065 INTEREST RECEIVABLE 1885828 CONSTRUCTION IN PROGRESS 45700 3332452 TENANT SECURITY DEPOSITS 128337 INTEREST PAYABLE 2510401 MANAGEMENT FEE PAYABLE 91276 ASSET MANAGEMENT PAYABLE 145155 RELATED-PARTY PAYABLE 404507 3279676 X PART X, LINE 2: THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. 1 BURBANK HOUSING DEVELOPMENT CORPORATION 1425 CORPORATE CENTER PKWY SANTA ROSA CA 95407 942837785 501(C)(3) 109922 0 AFFILIATE CONTRIBUTION 1 PART I, LINE 2: GRANTS ARE GENERALLY MADE TO RELATED ORGANIZATIONS. 0 0 0 0 0 0 0 0 0 LAWRANCE FLORIN CEO 0 412112 0 103405 0 0 0 12431 0 21869 0 549817 0 0 BENJAMIN WICKHAM COO 0 190222 0 0 0 0 0 7572 0 30710 0 228504 0 0 PART I, LINE 3 INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEY OR STUDY WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO AND COO. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED. FORM 990, PART V, LINE 2A & 2B; FORM 990, PART IX, LINE 7 TO LINE 10 THE ORGANIZATION HAS NO EMPLOYEES. SALARIES AND WAGES REPORTED IN PART IX, FUNCTIONAL EXPENSES, WERE REIMBURSEMENTS FOR SERVICES PERFORMED BY EMPLOYEES OF RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER OVERSEES THE PREPARATION OF FORM 990. THE DRAFT FROM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR A DETAILED REVIEW, AND THEN TO THE FULL BOARD FOR A CURSORY REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY COVERS ITS POLICIES REGARDING CONFLICTS OF INTEREST IN ITS BY-LAWS, PERSONNEL POLICIES AND THROUGH A POLICY STATEMENT SIGNED BY EACH BOARD MEMBER. A PERMANENT BOARD AGENDA ITEM REQUESTS DISCLOSURE OF POTENTIAL CONFLICTS BY BOARD MEMBERS AT EACH MEETING. WHERE A CONFLICT ARISES, THE CEO OR BOARD REVIEWS THE CONFLICT AND DETERMINES APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15 BURBANK OBTAINS INDUSTRY SURVEYS. THE SALARY LEVELS OF THE CEO AND CFO ARE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. 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