2024-08-15T15:45:22-05:00 2023-09-30 943108253 NOVOGRADAC & COMPANY LLP 1435 N MCDOWELL BLVD SUITE 350 PETALUMA CA 94954 990 2022-10-01 942875799 EL ESTERO SENIOR HOUSING INC ELES 8317576251 295 MAIN STREET SUITE 100 SALINAS CA 93901 ANDREW SIMER CFO 8317576251 2024-08-15 1 1 LANCE SMITH P00696626 4152236144 2022 2024-08-08 14:25:15Z ANDREW SIMER 295 MAIN STREET SUITE 100 SALINAS CA 93901 319176 0 X N/A X 1991 CA TO OPERATE AFFORDABLE ELDERLY HOUSING 3 3 25 0 0 0 202231 211082 105153 108085 38 9 0 0 307422 319176 0 0 0 0 0 0 0 0 0 272335 289665 272335 289665 35087 29511 430840 426030 1176278 1141957 -745438 -715927 NONE 0 0 235903 108085 EL ESTERO SENIOR HOUSING INC. OPERATES THE EL ESTERO ELDERLY HOUSING PROJECT IN MONTEREY, CA, WHICH PROVIDES 26 UNITS OF HUD SUBSIDIZED LOW-INCOME HOUSING FOR ELIGIBLE SENIOR CITIZENS. 235903 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 25 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CHISPA INC 8317576251 295 MAIN STREET SUITE 100 SALINAS CA 93901 HUGO ALAMEDA BOARD MEMBER 2.00 X 0 0 0 ADORACION DORIS LOPEZ BOARD MEMBER 2.00 X 0 0 0 PATTY PADILLA-SALSBERG BOARD MEMBER 2.00 X 0 0 0 GEOFFREY MORGAN PRESIDENT/CEO 2.00 X 0 0 0 NORM KOLPIN PART-TIME INTERIM PRESIDENT/CEO 2.00 X 48100 0 0 ANDREW SMER CFO 2.00 X 158337 0 28786 206437 0 28786 1 0 1 0 0 211082 211082 RENTS 532000 107158 107158 LAUNDRY 532000 512 512 MAINTENANCE INCOME 532000 415 415 108085 9 9 319176 108085 0 9 21034 21034 32728 32728 38891 38891 7338 7338 10143 10143 REPAIR AND MAINTENANCE 67221 67221 UTILITIES 51908 51908 MANAGEMENT PAYROLL 51774 51774 MISC TAXES AND INSURANC 8628 8628 289665 235903 53762 0 1849 9320 4600 1868 1742289 1680385 65978 61904 66646 63382 291767 289556 430840 426030 22528 27479 1145087 1105982 8663 8496 1176278 1141957 X -745438 -715927 -745438 -715927 430840 426030 29511 0 X X 0 1 X 1 1 1 X 202420 202969 205832 202231 211082 1024534 202420 202969 205832 202231 211082 1024534 1024534 154 118 84 38 9 403 1024937 502609 0.99960 0.99950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1701930 1640029 61901 35803 35800 3 4556 4556 0 61904 RESTRICTED CASH ACCOUNTS 289150 PREPAID EXPENSES 406 289556 SECURITY DEPOSITS 8493 PREPAID TENANT RENT 3 8496 X 319176 0 319176 0 319176 289665 0 289665 0 289665 PART X, LINE 2: EL ESTERO'S CURRENT ACCOUNTING POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. MANAGEMENT BELIEVES THAT EL ESTERO HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS FOUR YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO EL ESTERO ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X 0 0 0 0 0 0 0 0 0 ANDREW SMER CFO 158337 0 0 0 0 0 27000 0 1786 0 187123 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS AT THE BOARD MEETING FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE ENCOURAGED TO RAISE ANY QUESTIONS REGARDING SPECIFIC ACTIVITIES OR QUESTIONS INVOLVING THIS POLICY WITH THEIR SUPERVISOR, DEPARTMENT MANAGER, OR THE DIRECTOR OF ADMINISTRATION BEFORE ENTERING INTO CONTRACTS OR AGREEMENTS THAT MAY VIOLATE CHISPA'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY IS CONDUCTED EVERY 5 YEARS BY A THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 EL ESTERO MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE MAIN OFFICE LOCATED IN SALINAS. FORM 990, PART XII, LINE 2C: CHISPA HOUSING MANAGEMENT, INC. OVERSEES THE AUDIT OF EL ESTERO'S FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT AS APART OF THE MANAGEMENT AGEEMENT WITH EL ESTERO. CENTRAL COAST DEVELOPMENT LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 753045224 RENTAL HOUSING DEVELOPMENT CA 0 316500 CHISPA CHISPA AFFORDABLE APARTMENTS LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA 782582 2734961 CHISPA CHISPA GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 823159425 LOW INCOME HOUSING DEVELOPMENT CA 0 2000 CHISPA CHISPA MHSA LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA 17834 295215 CHISPA CHISPA MR GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA 0 0 CHISPA CHISPA PROPERTIES LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA 184055 3024240 CHISPA CHISPA 295 MAIN STREET SUITE 100 SALINAS CA 93901 942631608 TO DEVELOP AND OPERATE LOW INCOME HOUSING PROJECTS CA 501(C)3 7 N/A 0 CANYON CREEK TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 870691250 LOW INCOME HOUSING PROJECT CA CHISPA N/A -135461 3113089 0 0 CHISPA BUENA VISTA LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 474293418 LOW INCOME HOUSING PROJECT CA CHISPA BV GP LLC N/A -23 181170 0 0 CHISPA EAST GARRISON LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 850872990 LOW INCOME HOUSING PROJECT CA CHISPA EG GP LLC N/A 14240849 0 0 CHISPA SUNRISE LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 821876516 LOW INCOME HOUSING PROJECT CA CHISPA N/A -58 1593737 0 0 GABILAN HILLS APARTMENTS PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770370763 LOW INCOME HOUSING PROJECT CA CHISPA N/A 119720 5554000 0 0 HARDEN SALINAS AR LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 463721812 LOW INCOME HOUSING PROJECT CA CHISPA N/A 18 102412 0 0 JUNSAY OAKS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 821775448 LOW INCOME HOUSING PROJECT CA CHISPA N/A -46 6361177 0 0 LA GLORIA LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 800394141 LOW INCOME HOUSING PROJECT CA CHISPA LA GLORIA GP LLC N/A -11 127795 0 0 LOS ABUELITOS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 542156765 LOW INCOME HOUSING PROJECT CA CHISPA N/A -194306 2204644 0 0 MARINA SENIORS HOUSING PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770359756 LOW INCOME HOUSING PROJECT CA CHISPA N/A 50670 2030615 0 0 MARKET STREET TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 043699191 LOW INCOME HOUSING PROJECT CA CHISPA N/A 138431 6428633 0 0 MORO LINDO TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770397510 LOW INCOME HOUSING PROJECT CA CHISPA N/A 195445 6267869 0 0 QM AFFORDABLE HOUSING PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770359754 LOW INCOME HOUSING PROJECT CA CHISPA N/A -31749 629513 0 0 ROOSEVELT STREET TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770397514 LOW INCOME HOUSING PROJECT CA CHISPA N/A 55642 3593353 0 0 SEA GARDEN LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 454150106 LOW INCOME HOUSING PROJECT CA CHISPA SEA GARDEN GP LLC N/A 80021 118378 0 0 SHERWOOD VILLAGE LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 205283970 LOW INCOME HOUSING PROJECT CA CHISPA N/A -45 206874 0 0 TYLER GREENFIELD AR LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 463710945 LOW INCOME HOUSING PROJECT CA CHISPA N/A -10 2000043 0 0 VILLA LA POSADA HOUSING PARTNERS 295 MAIN STREET SUITE 100 SALINAS CA 93901 770303650 LOW INCOME HOUSING PROJECT CA CHISPA N/A 146030 3357704 0 0 VILLA SAN MIGUEL PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770370764 LOW INCOME HOUSING PROJECT CA CHISPA N/A 39718 3226915 0 0 VILLA SANTA CLARA PARTNERS 295 MAIN STREET SUITE 100 SALINAS CA 93901 770277495 LOW INCOME HOUSING PROJECT CA CHISPA N/A 12345 731130 0 0 VINEYARD GREEN TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 208351574 LOW INCOME HOUSING PROJECT CA CHISPA VINEYARD GP LLC N/A -20 77923 0 0 WALNUT PLACE TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 202238579 LOW INCOME HOUSING PROJECT CA CHISPA N/A -30 1306924 0 0 WILLIAMS RANCH HOUSING PARTNERS I LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770535543 LOW INCOME HOUSING PROJECT CA CHISPA N/A 55642 5509583 0 0 CENTRAL COAST RESIDENTIAL BUILDERS INC 295 MAIN STREET SUITE 100 SALINAS CA 93901 710876697 CONSTRUCTION OF LOW INCOME HOUSING PROJECTS CA CENTRAL COAST DEVELOPMENT LLC C 885837 5295195 0 CHISPA BV GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 474715988 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA CHISPA C -32013 35851 0 CHISPA HOUSING MANAGEMENT INC 295 MAIN STREET SUITE 100 SALINAS CA 93901 942892838 MANAGEMENT SERVICE TO LOW INCOME HOUSING PROJECTS CA CHISPA C 187619 977196 0 CHISPA LA GLORIA GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 010934632 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA CHISPA C -8414 100011 0 CHISPA SEA GARDEN GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 454150504 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA CHISPA C 59312 111872 0 CHISPA VINEYARD GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 943466618 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA CHISPA C 17434 -184 0 SPARK DEVELOPMENT 295 MAIN STREET SUITE 100 SALINAS CA 93901 770164502 DEVELOPER TO LOW INCOME HOUSING PROJECTS CA CHISPA C 595002 -1005325 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 CHMI PROVIDES MANAGEMENT AND CONSULTING SERVICES TO EL ESTERO M 70489 ANNUAL BUDGET