2024-02-12T19:15:34-06:00 2023-03-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2022-04-01 942148270 OAK CENTER TOWERS OAKC 9259567370 2185 N CALIFORNIA BLVD 215 WALNUT CREEK CA 94596 EDUARDO SALVADOR CFO 9259567370 2024-02-11 1 EDUARDO SALVADOR 999009999 0 LESLIE VAN P01294411 4159561500 2024-02-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDUARDO SALVADOR 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 4698341 0 X WWW.COVIA.ORG X 1972 CA SERVE AS GENERAL PARTNER FOR A SENIOR HOUSING PROJECT IN WEST OAKLAND, CALIFORNIA. 6 6 0 7 0 0 41 0 4274517 4697656 0 0 0 685 4274558 4698341 4084245 4507384 0 0 0 179911 0 0 0 40547 21018 4124792 4708313 149766 -9972 10732575 10716931 436261 402235 10296314 10314696 TO HELP FINANCE AND SERVE AS GENERAL PARTNER FOR OAK CENTERS, L.P., WHICH OPERATES A 196-UNIT AFFORDABLE RESIDENTIAL COMPLEX FOR ELDERLY OR DISABLED PERSONS IN OAKLAND, CALIFORNIA, AND PROVIDES ASSOCIATED SUPPORTING SOCIAL SERVICES. 0 0 4507384 4507384 4697656 OAK CENTER TOWERS (OCT) WAS ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA IN 1971 IN ORDER TO OPERATE A 196-UNIT AFFORDABLE RESIDENTIAL COMPLEX FOR ELDERLY OR DISABLED PERSONS IN OAKLAND, CALIFORNIA (THE PROJECT), AND TO PROVIDE ASSOCIATED SUPPORTING SOCIAL SERVICES AT THE PROJECT. IN JUNE 2005, OCT SOLD ITS INTEREST IN THE PROJECT TO OAK CENTERS, L.P., A CALIFORNIA LIMITED PARTNERSHIP (OCLP) AS PART OF A LOW-INCOME HOUSING TAX CREDIT TRANSACTION. THE PURPOSE OF THE TRANSACTION WAS TO GENERATE FUNDS TO PERFORM A SUBSTANTIAL REHABILITATION OF THE PROJECT. OCT IS THE SOLE GENERAL PARTNER OF OCLP AND OWNS A .01% INTEREST. OCT PROVIDED A CAPITAL CONTRIBUTION OF $1,200,000 AND COMMITTED TO A LONG-TERM LOAN TOTALING $3,805,437. TOTAL OF 217 PEOPLE WERE SERVED DURING THE YEAR. 4507384 1 0 0 0 0 0 0 0 0 0 1 0 1 0 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 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X EDUARDO SALVADOR 9259567400 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 DONNELLY KEN CHAIR 1.00 7.00 X X 0 0 0 EMSLIE STEPHEN CHAIR (THRU 02/23) 1.00 7.00 X X 0 0 0 MCGOVERN MARION VICE CHAIR 1.00 7.00 X X 0 0 0 JIMENEZ CARLOS DIRECTOR 1.00 7.00 X 0 0 0 KENNISON MARGOL DIRECTOR 1.00 7.00 X 0 0 0 KROEKER KEVIN DIRECTOR 1.00 7.00 X 0 0 0 PETERS WILLIAM DIRECTOR 1.00 7.00 X 0 0 0 WOODWARD JOHN CEO 0.10 39.90 X 0 1350533 11125 SALVADOR EDUARDO CFO 0.10 39.90 X 0 747748 56823 DIAZ SORAYA PRESIDENT OF AFFORDABLE HOUSING 2.00 38.00 X 0 341229 57204 CASEY JONATHAN SECRETARY/VP OF FINANCE 2.00 38.00 X 0 210262 50878 OLSON KARI CHIEF INNOV. & TECH OFFICER 0.10 39.90 X 0 673752 69468 JAMISON DIANA - CHIEF CAPITAL STRATEGIES OFFICER (THRU 09/22) 0.10 39.90 X 0 631683 59169 BURTON DESIREE CHIEF HR OFFICER 0.10 39.90 X 0 648592 11704 MCMULLIN MARY CHIEF STRATEGY/ADV. OFFICER 0.10 39.90 X 0 560809 89253 SCHAEFER RONALD COO (THRU 02/22) 0.10 39.90 X 0 549894 7519 BUTLER JOSEPH CHIEF LEGAL OFFICER (THRU 08/22) 0.10 39.90 X 0 458339 10550 VRANICH RACHEL CHIEF LEGAL OFFICER 0.10 39.90 X 0 343947 25915 0 6516788 449608 0 0 1 0 0 HUD ASSISTANCE INCOME 531390 4507384 4507384 OCLP HOUSING LOAN INT. 525990 190272 190272 4697656 MISCELLANEOUS INCOME 900099 685 685 685 4698341 4697656 0 685 4507384 4507384 131865 131865 7096 7096 31713 31713 9237 9237 4200 4200 9923 9923 5275 5275 87 87 369 369 1164 1164 4708313 4507384 200929 0 178524 165636 2524174 2569854 6543692 6496124 109029 109029 109029 1199605 1199605 177551 176683 10732575 10716931 0 59669 436261 342566 436261 402235 X 10214829 10233211 81485 81485 10296314 10314696 10732575 10716931 -9972 28354 0 X 0 1 X 1 0 X 25254 91 16 41 25402 2638451 2666881 3802860 4274517 4697656 18080365 2663705 2666972 3802876 4274558 4697656 18105767 25000 25000 163069 162969 151918 147526 143289 768771 188069 162969 151918 147526 143289 793771 17311996 56549 63351 32519 152419 56549 63351 32519 152419 685 685 2720254 2730323 3835395 4274558 4698341 18258871 0.94810 0.93870 0.00830 0.01130 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 685. 109029 109029 109029 INVESTMENT IN OAK CENTERS, L.P. 1199605 F 1199605 DUE TO AFFILIATES 342566 342566 X PART X, LINE 2: THE ORGANIZATION ADOPTED THE PROVISIONS OF THE FASB ASC TOPIC 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS ON APRIL 1, 2009, WHICH HAD NO FINANCIAL STATEMENT IMPACT TO THE ORGANIZATION. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AT MARCH 31, 2023, THE ORGANIZATION HAD NO UNSETTLED TAX MATTERS. 1 OAK CENTERS LP 2185 N CALIFORNIA BLVD SUITE 215 WALNUT CREEK CA 94596 522456294 N/A 4507384 0 GENERAL SUPPORT 0 1 PART I, LINE 2: OAK CENTER TOWERS GRANTS FUNDS TO OAK CENTERS, LP FOR GENERAL SUPPORT. 1 1 0 0 0 0 0 0 0 WOODWARD JOHN CEO 0 669284 0 632809 0 48440 0 9150 0 1975 0 1361658 0 0 SALVADOR EDUARDO CFO 0 381659 0 346956 0 19133 0 54948 0 1875 0 804571 0 0 OLSON KARI CHIEF INNOV. & TECH OFFICER 0 347055 0 307222 0 19475 0 50255 0 19213 0 743220 0 0 JAMISON DIANA - CHIEF CAPITAL STRATEGIES OFFICER (THRU 09/22) 0 284265 0 330246 0 17172 0 50334 0 8835 0 690852 0 0 BURTON DESIREE CHIEF HR OFFICER 0 295740 0 334178 0 18674 0 9150 0 2554 0 660296 0 0 MCMULLIN MARY CHIEF STRATEGY/ADV. OFFICER 0 315662 0 225250 0 19897 0 37703 0 51550 0 650062 0 0 SCHAEFER RONALD COO (THRU 02/22) 0 113256 0 32641 0 403997 0 3316 0 4203 0 557413 0 0 BUTLER JOSEPH CHIEF LEGAL OFFICER (THRU 08/22) 0 219223 0 211973 0 27143 0 9150 0 1400 0 468889 0 0 DIAZ SORAYA PRESIDENT OF AFFORDABLE HOUSING 0 221978 0 91414 0 27837 0 36031 0 21173 0 398433 0 0 VRANICH RACHEL CHIEF LEGAL OFFICER 0 327911 0 0 0 16036 0 9150 0 16765 0 369862 0 0 CASEY JONATHAN SECRETARY/VP OF FINANCE 0 193200 0 14131 0 2931 0 10591 0 40287 0 261140 0 0 PART I, LINES 4A-B LINE 4A - RONALD SCHAEFER RECEIVED A SEVERANCE PAYMENT OF $400,000 DURING THE 2022 CALENDAR YEAR. THE PAYMENT HAS BEEN REPORTED WITHIN "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, PAYMENTS HAVE BEEN REPORTED AS TAXABLE COMPENSATION TO THE INDIVIDUALS AND COLUMN (B)(III). LINE 4B - FRONT PORCH COMMUNITIES AND SERVICES HAS A 457F PLAN FOR THE FOLLOWING INDIVIDUALS. THE PARTICIPANTS OF THE PLAN ARE THOSE EMPLOYEES WHO ARE ADMINISTRATORS AND OFFICERS OF FRONT PORCH COMMUNITIES AND SERVICES AND ITS AFFILIATES. ADMINISTRATORS ARE THE EXECUTIVE DIRECTORS OF THE COMMUNITIES. FROM TIME TO TIME THE BOARD MAY DESIGNATE ADDITIONAL OFFICERS AND ADMINISTRATORS. RONALD SCHAEFER DIANA JAMISON MARY MCMULLIN JONATHAN CASEY EDUARDO SALVADOR KARI OLSON SCHEDULE J, PART I ALL OF THE EMPLOYEES LISTED ON FORM 990 PART VII SECTION A--OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES--ARE EMPLOYED AND COMPENSATED BY FRONT PORCH COMMUNITIES AND SERVICES. THE ORGANIZATION RELIED ON FRONT PORCH COMMUNITIES AND SERVICES WHO USED 3 METHODS DESCRIBED ON PART I, LINE 3 TO ESTABLISH OFFICER'S COMPENSATION. THE METHODS THEY USED ARE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FRONT PORCH COMMUNITIES AND SERVICES REPORTS 100% OF THE INDIVIDUAL'S COMPENSATION ON W-2'S ISSUED BY FRONT PORCH COMMUNITIES AND SERVICES. HOWEVER, SOME OF THESE EMPLOYEES ARE ASSIGNED DUTIES FOR OTHER RELATED ORGANIZATIONS (SEE SCHEDULE R FOR ADDITIONAL INFORMATION REGARDING THE RELATED ORGANIZATIONS). THE SALARIES REPORTED ON PART VII OF THE 990 AND SCHEDULE J ARE IN PART SUPPORTED THROUGH MANAGEMENT FEES REMITTED TO COVIA AFFORDABLE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 3 COVIA AFFORDABLE COMMUNITIES IS THE AGENT FOR THE MANAGEMENT OF THE PROJECT. FORM 990, PART VI, SECTION A, LINE 6 COVIA AFFORDABLE COMMUNITIES, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION IS THE SOLE MEMBER OF OAK CENTER TOWERS. FORM 990, PART VI, SECTION A, LINE 7A COVIA AFFORDABLE COMMUNITIES HAS THE RIGHT TO VOTE WITH RESPECT TO ELECTING AND REMOVING THE DIRECTORS OF THE OAK CENTER TOWERS (OCT) BOARD. THE DIRECTORS SHALL AT ALL TIMES CONSIST OF THOSE PERSONS WHO ARE SERVING AS MEMBERS OF THE BOARD OF DIRECTORS OF COVIA AFFORDABLE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 7B COVIA AFFORDABLE COMMUNITIES SHALL HAVE VOTING RIGHTS WITH RESPECT TO (I) THE ELECTION AND REMOVAL OF DIRECTORS, (II) THE DISSOLUTION, LIQUIDATION, MERGER OR SALE OF THE SUBSTANTIAL ASSETS OF THE CORPORATION, (III) ADOPTING, AMENDING OR REPEALING THE ARTICLES OF INCORPORATION OF THE CORPORATION OR BYLAWS, AND (IV) SUCH OTHER MATTERS AS MAY BE PROVIDED IN THE BYLAWS OR THE NONPROFIT CORPORATION LAW OF CALIFORNIA. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND MANAGEMENT PERSONNEL REVIEW THE 990 INFORMATION RETURN BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND BOARD MEMBERS ARE ASKED ON AN ANNUAL BASIS IF THERE ARE ANY ACTIVITIES AND/OR AFFILIATIONS THAT WOULD POSE A CONFLICT WITH THEIR ABILITY TO SERVE ON THE BOARD OR ITEMS THAT THEY WILL NEED TO RECUSE THEMSELVES FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF ALL EMPLOYEES OF OAK CENTER TOWERS IS PAID BY ITS ULTIMATE OWNER, FRONT PORCH COMMUNITIES AND SERVICES. W2S/W3S ARE ISSUED BY FRONT PORCH COMMUNITIES AND SERVICES. SENIOR MANAGEMENT EMPLOYEES LISTED IN PART VII ARE EMPLOYEES OF FRONT PORCH COMMUNITIES AND SERVICES, A RELATED ORGANIZATION. THEY ARE PAID AND ISSUED W-2S BY FRONT PORCH COMMUNITIES AND SERVICES. THE SALARIES REPORTED ON PART VII OF THE 990 AND SCHEDULE J ARE IN PART SUPPORTED THROUGH MANAGEMENT FEES REMITTED TO COVIA AFFORDABLE COMMUNITIES. FRONT PORCH COMMUNITIES AND SERVICES USES AN INDEPENDENT CONSULTANT WHO ANALYZES AND REPORTS ON REASONABILITY OF COMPENSATION EVERY TWO YEARS. THE CONSULTANT IS INDEPENDENT OF MANAGEMENT AND REPORTS DIRECTLY TO THE CHAIRMAN OF THE BOARD. THE CONSULTANT REVIEWS AND PROVIDES A REPORT ON ANY ISSUES WITH THE COMPENSATION THE CEO AND/OR THE CFO RECEIVE INCLUDING ANY ISSUES AROUND EXCESS COMPENSATION. ADDITIONALLY, ALL KEY EXECUTIVES COMPENSATION ARE REVIEWED BY THE CONSULTANT. THIS REVIEW INCLUDES TOTAL CASH COMPENSATION AND BENEFITS INCLUDING RETIREMENT PLANS. EVERY YEAR, THE CHIEF HR OFFICER REVIEWS THE COMPENSATION FOR ALL MANAGEMENT AGAINST MARKET ANALYSIS GUIDELINES AND RECOMMENDS CHANGES. THIS REVIEW ALSO INCLUDES A TEST OF BENEFITS AGAINST SIMILAR COMPANIES. FORM 990, PART VI, SECTION C, LINE 19 POLICIES AND STATEMENTS ARE AVAILABLE UPON REQUEST. FRONT PORCH COMMUNITIES AND SERVICES 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 954538269 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 N/A 0 FRONT PORCH COMMUNITIES FOUNDATION 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 953862907 PROVIDE FINANCIAL SUPPORT TO RESIDENTS IN RETIREMENT COMMUNITIES CA 501(C)(3) LINE 7 FRONT PORCH COMMUNITIES AND SERVICES 0 CARING HOUSING MINISTRIES 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 954540601 MANAGEMENT OF AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 FRONT PORCH COMMUNITIES AND SERVICES 0 SUNNY VIEW LUTHERAN HOME 22445 CUPERTINO ROAD CUPERTINO CA 95014 941542379 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 FRONT PORCH COMMUNITIES AND SERVICES 0 COVIA AFFORDABLE COMMUNITIES 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 943382412 PROVIDE DIRECTION, SUPPORT SERVICES & ACTIVITIES FOR SUPPORTED ORG'N CA 501(C)(3) LINE 12B, II FRONT PORCH COMMUNITIES AND SERVICES 0 LYTTON IV HOUSING CORPORATION 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 770324027 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 COMMUNITY HOUSING INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 942264235 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 JENNINGS SENIOR HOUSING INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 113754507 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 PRESIDIO GATE APARTMENTS 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 680012837 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 7 COVIA AFFORDABLE COMMUNITIES 0 LYTTON GARDENS INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 942670036 DORMANT CA 501(C)(3) LINE 3 FRONT PORCH COMMUNITIES AND SERVICES 0 SHIRES MEMORIAL CENTER 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 941558214 PROVIDE AFFORDABLE HOUSING TO ELDERLY PERSONS CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 BETHANY CENTER SENIOR HOUSING INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 952593423 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 OAK CENTERS LP 2185 N CALIFORNIA BLVD SUITE 215 WALNUT CREEK CA 94596 522456294 AFFORDABLE SENIOR HOUSING CA OAK CENTER TOWERS RELATED 99 12082065 1 1 0.28110 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 OAK CENTERS LP B 4507384 BOOK VALUE