2025-11-12T08:38:24-08:00 2024-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2024-01-01 954205316 SKID ROW HOUSING TRUST SKID 9496898184 1317 EAST SEVENTH STREET LOS ANGELES CA 90021 Joanne Cordero Interim CEO 2025-11-12 true true CHERI L BOGGELN P00854324 7143747434 2024 2025-03-06 01:10:19Z 1317 EAST SEVENTH STREET LOS ANGELES CA 90021 110002080 false X SKIDROW.ORG X 1989 CA The Skid Row Housing Trust (the Trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness. 9 8 8 8 0 4033115 3904221 9969690 22136637 -15397325 35205700 0 -1394520 61246558 0 0 2930267 581589 0 112971 33744025 38973285 36674292 39554874 -38068812 21691684 142299337 4855643 187016993 30153625 -44717656 -25297982 X The Skid Row Housing Trust (the Trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness. false true 37938692 22136637 SKID ROW HOUSING TRUST ENGAGES IN THE DEVELOPMENT, MANAGEMENT, SUPPORT, ADMINISTRATION, AND RENTAL ACTIVITIES THAT ARE DIRECTLY RELATED TO THE PROVISION OF LOW INCOME HOUSING TO INDIVIDUALs with special needs. 37938692 true true false true false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 13 0 true 8 true false false false false false false false 0 false false false false false false false X 9 8 false false false false false false false true true false true true true true true true true true true true true true CA X JOANNE CORDERO 9496898184 1317 EAST SEVENTH STREET LOS ANGELES CA 90021 JOANNE C RUSSO CORDERO COS, interi CEO 40.00 0.00 X 296040 0 0 BLANCA HERNANDEZ ASSET MANAGER 0.00 0.00 113073 0 0 Michael Alvidrez secretary 40.00 0.02 X X 100931 0 0 SIMON HA Chairman 0.31 0.00 X X 0 0 0 DIANA SKIDMORE Director 0.31 0.00 X 0 0 0 MAX KOLOMEYER Treasurer 0.31 0.00 X X 0 0 0 SIERRA ATILANO Pres & Chief RE 40.00 0.00 X X 0 0 0 PATRICK SPILLANE Director 0.31 0.02 X 0 0 0 PAUL GREGERSON MD Director 0.31 0.00 X 0 0 0 Diane Ballen Director 0.31 0.02 X 0 0 0 Katherine Perez Director 0.31 0.00 X 0 0 0 510044 3 false true false BayGrape Technology LLC 5 Sea Grape Rd Ladera Ranch CA 92694 IT consulting 179000 1 3904079 142 3904221 CANCELLATION OF DEBT 531390 18822772 18822772 RENTAL INCOME 531110 3313865 3313865 22136637 1383 1383 0 0 0 83959839 48755522 35204317 35204317 35204317 0 0 0 0 61246558 22136637 35205700 X 0 0 0 0 396971 252613 131691 12667 0 146382 93150 48561 4671 0 0 38236 24332 12684 1220 30597 30597 144397 21772 117040 5585 88193 84782 3411 0 0 0 684952 103277 555181 26494 0 355198 313011 11216 30971 0 0 0 0 0 0 753271 750718 2553 0 0 1702417 1508149 178728 15540 K-1 RENTAL EXPENSES 12162807 12162807 BAD DEBT 8285365 8285365 LOSS ON ABANDONMENT 3712667 3712667 PROPERTY REPAIRS & MAINTENANCE 3398886 3117723 279581 1582 7654535 7562511 81194 10830 39554874 37938692 1503211 112971 240525 200749 0 0 950122 109113 0 0 7281295 0 0 432039 0 43119709 0 0 0 74335795 4545781 30868 0 15908984 0 142299337 4855643 6044832 5261899 55695 74329540 13515910 64622961 11375816 41963965 187016993 30153625 X -45663307 -26243633 945651 945651 -44717656 -25297982 142299337 4855643 X 21691684 -2272010 X X false false true false X 10593541 10100450 7852847 4033115 3904221 36484174 12725863 8647098 9726557 9969690 3313865 44383073 0 0 0 23319404 18747548 17579404 14002805 7218086 80867247 114974 10155 29525 300 154954 4742116 1375017 843052 1093176 8053361 4857090 1385172 872577 1093476 8208315 72658932 109133 39108 1405 3670 1383 154699 0 109133 39108 1405 3670 1383 154699 0 0 23428537 18786656 17580809 14006475 7219469 81021946 0.89680 0.82610 0.00190 0.00500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false X 33633745 33824472 33633745 33824472 1000000 1000000 250000 250000 false 1913656 2000000 2000000 2000000 7913656 11870484 478414 500000 500000 500000 1978414 2967621 4545781 X X false false false false false false false false false JOANNE C RUSSO CORDERO COS, interi CEO 296040 296040 Form 990, Part III, Line 3 Due to severe financial deficits, outstanding obligations, and a lack of projected revenues, the organization was no longer able to sustain its operations as of early 2023. On April 7, 2023, a court-appointed Health and Safety Receiver was designated to oversee and manage the day-to-day operations of the Trusts properties. Pursuant to court order, the Receiver administered and sold all remaining properties owned by the Trust. As of October 2024, all sales had been completed and the Trusts ownership was fully extinguished. Subsequently, the Trust and its affiliated property management company filed for Chapter 11 bankruptcy in October 2024, which was converted to Chapter 7 in January 2025. The entity has since been officially closed through the Chapter 7 proceedings. Form 990, Part VI, Section B, Line 11b The audit committee of the board will review a draft of the Form 990. Upon the audit committee's approval of the Form 990, the finalized form will be filed with the appropriate agency. Form 990, Part VI, Section B, Line 12c Conflict of interest policy is documented in the Employee Manual and Corporate Bylaws. At hiring, human resource management distributes the conflict of interest policy to all employees which requires that the employees disclose any activities that may be in conflict with the Trust and sign the policy agreement. New board members receive copies of the Corporate Bylaws including conflict of interest clauses upon joining the board. Form 990, Part VI, Section B, Line 15b The board of directors have the power to select and remove all officers of the corporation; prescribe powers and duties for them that are consistent with law, with the articles of incorporation, and with the bylaws; fix their compensation; and require from them security for faithful service. ALL EXECUTIVE SALARIES WERE COMPARED TO THOSE OF EXECUTIVES IN SIMILAR ORGANIZATIONS. Form 990, Part VI, Section C, Line 19 No documents, other than those documents required for federal tax purposes, which are listed in Question 18, are available to the public on request. Form 990, Part IX, Line 24e AMORTIZATION: Column (A) - Total = $72857; Column (B) - Program Services = $72857; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e COMP BY PROP MGT: Column (A) - Total = $1401324; Column (B) - Program Services = $1401324; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e DEPRECIATION: Column (A) - Total = $846866; Column (B) - Program Services = $846866; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e EQUIPMENT RENTAL AND EXPENSES: Column (A) - Total = $136; Column (B) - Program Services = $125; Column (C) - Management & General = $11; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e FRANCHISE TAX BOARD - TAXES: Column (A) - Total = $250; Column (B) - Program Services = $205; Column (C) - Management & General = $45; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MISCELLANEOUS: Column (A) - Total = $120610; Column (B) - Program Services = $110093; Column (C) - Management & General = $0; Column (D) - Fundraising = $10517 Form 990, Part IX, Line 24e OTHER DEDUCTIONS FROM K-1: Column (A) - Total = $700; Column (B) - Program Services = $700; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Postage and Shipping: Column (A) - Total = $817; Column (B) - Program Services = $817; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROPERTY MGMT FEE: Column (A) - Total = $417179; Column (B) - Program Services = $417179; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e REAL ESTATE TAXES: Column (A) - Total = $143795; Column (B) - Program Services = $117954; Column (C) - Management & General = $25841; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e RECEIVER FEE: Column (A) - Total = $757324; Column (B) - Program Services = $757324; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SECURITY: Column (A) - Total = $3132607; Column (B) - Program Services = $3132607; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e TELEPHONE & INTERNET: Column (A) - Total = $87820; Column (B) - Program Services = $87820; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e UTILITIES: Column (A) - Total = $672250; Column (B) - Program Services = $616640; Column (C) - Management & General = $55297; Column (D) - Fundraising = $313 Form 990, Part XI, Line 9 GAAP/TAX DIFFERENCES - SEE SCH O = -$2272010 Form 990, Part XII, Line 3b AT THE TIME OF FILING THE TAX RETURN, THE TAXPAYER ENTERED ENTERED INTO CHAPTER 7 BANKRUPTCY, THEREFORE, NO AUDITS WERE DONE FOR 2022, 2023 OR 2024. THE ANSWER OF FORM 990 PART IV QUESTION 12B, FORM 990 PART XII QUESTION 2B and 2C, AND FORM RRF-1 PART B QUESTION 8 REFLECT THIS SITUATION. CHANGE IN FUND BALANCE AND TOTAL ASSETS THE TAX RETURN HAS BEEN PREPARED TO INCLUDE THE TRUST'S ACTIVITIES PLUS THEIR INVESTMENT IN PARTNERSHIPS PER THEIR 2024 K-1S SO THAT THE PARTNERSHIP ACTIVITY CORRECTLY REFLECTS THE ORGANIZATION'S PERCENTAGE INTEREST IN THE PARTNERSHIPS. THE K-1S USE TAX BASIS FOR INCOME/(LOSS) AND EXPENSE ITEMS, BUT THE AUDITED FINANCIAL STATEMENTS ARE ISSUED ON CONSOLIDATED BASIS AND THE CAPITAL ACCOUNT IS ON GAAP BASIS. AS SUCH, IT CAUSES AN ADJUSTMENT TO FUND BALANCE AS FOLLOWS:FUND BALANCE AT 1/1/24 $ -44,717,656.2024 INCOME PER TAX 21,691,684.GAAP/TAX DIFFERENCES IN AMOUNTS FROM K-1S -2,272,010.FUND BALANCE AT 12/31/24 $ -25,297,982. Statement Note 1 ON OCTOBER 29, 2024, SKID ROW HOUSING TRUST("DEBTOR)" FILED A VOLUNTARY PETITION FOR RELIEF IN THEUNITED STATES BANKRUPTCY COURT FOR THE CENTRAL DISTRICTOF CALIFORNIA UNDER THE PROVISIONS OF CHAPTER 11 OF THEUNITED STATES BANKRUPTCY CODE. THE CASE NUMBER IS2:24-BK-18882-WB.FOR REFERENCE, ATTACHED AT THE BACK OF THIS RETURN IS ACOPY OF THE FIRST PAGE OF THE DEBTORS BANKRUPTCYPETITION.THE INCOME TAX RETURNS HAVE BEEN PREPARED FROM AVAILABLERECORDS OF THE DEBTOR AND FROM TRUST ACCOUNTING RECORDSPROVIDED BY THE CHAPTER 11 DEBTOR.IN CONNECTION WITH THE DEBTORS INSOLVENCY, MANY ACCOUNTINGRECORDS WERE NOT ADEQUATELY MAINTAINED AND/OR WERE NOTPROVIDED. RECORDS AND INFORMATION NECESSARYTO PROVIDE A COMPLETE AND ACCURATE ACCOUNTING ARE NOTAVAILABLE AND CANNOT BE RECONSTRUCTED. CONSEQUENTLY, NOASSURANCE CAN BE PROVIDED BY EITHER THE TAX PREPARER OR THEDEBTOR THAT THIS RETURN ACCURATELY REFLECTS ALLTRANSACTIONS OF THE ESTATE AND THE RELATED TAX LIABILITY.TO THE EXTENT THAT ACCOUNTING TRANSACTIONS, RECORDS ANDOTHER INFORMATION WAS AVAILABLE, OR COULD BE RECONSTRUCTED,SUCH INFORMATION HAS BEEN INCLUDED HEREIN AND USED AS THEBASIS FOR COMPUTATION OF THE ESTATES INCOME TAX LIABILITY. 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