2025-05-15T12:19:09-05:00 2024-06-30 461171913 S D MAYER & ASSOCIATES LLP 411 BOREL AVENUE SUITE 512 SAN MATEO CA 94402 990 2023-07-01 943252567 ST CLARE APARTMENTS INC C/O ST FRANCIS CENTER STCL 6505789661 655 MARINERS ISLAND BLVD 301 SAN MATEO CA 94404 KATE YOUNG EXECUTIVE DIRECTOR 6505789661 2025-05-13 1 0 MARIANNE KRISTOFFERSON P00024506 6505745000 2025-05-13 2023 2025-03-06 01:10:19Z X X KATE YOUNG 655 MARINERS ISLAND BLVD 301 SAN MATEO CA 94404 879955 0 X N/A X 1996 CA OWNS & OPERATES 3 BUILDINGS TOTALING 41 UNITS FOR LOW/MODERATE INCOME INDIVIDUALS & FAMILIES X 6 6 0 0 0 0 0 0 765301 813678 113 0 72093 66277 837507 879955 0 1959460 0 0 3547 4776 0 0 0 665509 707414 669056 2671650 168451 -1791695 8412915 0 6621220 0 1791695 0 X ST.CLARE APARTMENTS, INC IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION THAT OWNS AND OPERATES THREE APARTMENT COMPLEXES FOR A TOTAL OF 41 UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 0 1 2671650 1959460 879955 TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 2671650 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 CA X X THE ORGANIZATION 6505789661 655 MARINERS ISLAND BLVD 301 SAN MATEO CA 94404 X MICHAEL PIERCE PRESIDENT 1.00 1.00 X X 0 0 0 LYNN PIERCE TREASURER 1.00 1.00 X X 0 0 0 SUE MITCHELL SECRETARY 1.00 1.00 X X 0 0 0 KATE YOUNG EXECUTIVE DIRECTOR 20.00 1.00 X 0 0 0 RAFAEL AVENDANO BOARD MEMBER 1.00 1.00 X 0 0 0 DIANA OTERO BOARD MEMBER 1.00 1.00 X 0 0 0 MIKE MCKIBBEN BOARD MEMBER 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 813678 813678 813678 UTILITY RECOVERY 900099 52729 52729 LAUNDRY INCOME 900099 9253 9253 RENTERS INSURANCE 900099 4295 4295 66277 879955 879955 0 0 1959460 1959460 4776 4776 30730 30730 3175 3175 2200 2200 3144 3144 286 286 117084 117084 129973 129973 15533 15533 UTILITIES 126364 126364 PROPERTY TAXES 61418 61418 ON-SITE MANAGER COST 59905 59905 LEASE EXPENSES 54212 54212 103390 103390 2671650 2671650 0 0 115518 0 0 0 0 0 0 0 0 3804 0 0 0 8293593 0 0 0 0 0 0 8412915 0 10086 0 6545868 0 65266 0 6621220 0 X 1791695 0 1791695 0 8412915 0 -1791695 0 X 0 0 0 X 1000000 1000000 410830 663447 699877 765301 813678 3353133 410830 1663447 699877 765301 813678 4353133 0 0 0 4353133 18 113 131 18 113 131 47381 47138 55374 72093 66277 288263 458211 1710585 755269 837507 879955 4641527 0.93790 0.93620 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 199. 2021 AMOUNT: $ 1,143. UTILITY RECOVERY - 2019 AMOUNT: $ 2,559. 2020 AMOUNT: $ 32,369. 2021 AMOUNT: $ 38,362. 2022 AMOUNT: $ 57,645. 2023 AMOUNT: $ 52,729. LAUNDRY INCOME - 2019 AMOUNT: $ 31,021. 2020 AMOUNT: $ 11,976. 2021 AMOUNT: $ 12,493. 2022 AMOUNT: $ 10,715. 2023 AMOUNT: $ 9,253. RENTERS INSURANCE - 2019 AMOUNT: $ 13,801. 2020 AMOUNT: $ 2,594. 2021 AMOUNT: $ 3,376. 2022 AMOUNT: $ 3,733. 2023 AMOUNT: $ 4,295. 0 ST FRANCIS CENTER OF REDWOOD CITY 151 BUCKINGHAM AVENUE REDWOOD CITY CA 94063 943052056 501(C)(3) 1959460 0 ASSETS, NET OF LIABILITIES, WERE TRANSFERRED TO ST. FRANCIS CENTER OF REDWOOD CITY AS A RESULT OF THE DISSOLUTION OF ST. CLARE APARTMENTS. 1 0 ST FRANCIS CENTER SPONSOR PAYOFF X 758000 0 0 1 1 ST FRANCIS CENTER SPONSOR PAYOFF - 20 NORTHUMBERLAND AVENUE X 2078800 0 0 1 1 ST FRANCIS CENTER SPONSOR ACQUISITION - ALMA LEA X 7467267 0 0 1 1 ST FRANCIS CENTER SPONSOR ACQUISITION AND RENOVATION - ALMA LEA APARTMENTS X 176660 0 0 1 1 MICHAEL AND LYNN PIERCE-PRODESSE PROPERTY GROUP 30730 MANAGES THE ST. CLARE APARTMENTS, INC. BOOKS AND RECORDS. 0 ST FRANCIS CENTER SHARE A COMMON BOARD OF DIRECTORS 54212 LEASEBACK TRANSACTION WITH ST. FRANCIS CENTER OF REDWOOD CITY, WHO IS A RELATED PARTY TO ST. CLARE APARTMENTS, INC. 0 DISTRIBUTION OF ASSETS, NET OF LIABILITIES, TRANSFERRED TO ST. FRANCIS CENTER OF REDWOOD CITY 2024-06-30 1959460 CASH VALUE AND COST 943052056 ST FRANCIS CENTER OF REDWOOD CITY 151 BUCKINGHAM AVENUE REDWOOD CITY CA 94063 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART III, LINE 3 DUE TO A MERGER WITH ST. FRANCIS CENTER OF REDWOOD CITY, ST. CLARE APARTMENTS TERMINATED ITS OPERATIONS AND DISSOLVED ON 6/30/24. THEREFORE, IT IS FILING A FINAL RETURN FOR THE YEAR ENDING ON 6/30/24. FORM 990, PART VI, SECTION A, LINE 2 THE FORM 990 WILL BE REVIEWED BY THE TREASURER AND BOARD OF DIRECTORS DURING THE NEXT MEETING BEFORE IT IS FILED. FORM 990, PART VI, SECTION A, LINE 3 PRODESSE PROPERTY GROUP, WHICH IS OWNED BY MICHAEL AND LYNN PIERCE, MANAGES ST. CLARE APARTMENTS' BOOKS AND THE APARTMENT COMPLEX OWNED BY THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B MICHAEL PIERCE, CHAIRMAN, AND LYNN PIERCE, TREASURER, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE FOR THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE FOR THE PUBLIC UPON REQUEST. ST FRANCIS CENTER OF REDWOOD CITY 151 BUCKINGHAM AVENUE REDWOOD CITY CA 94063 943052056 HELP LOW-INCOME FAMILIES IN REDWOOD CITY CA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0