2025-11-17T14:35:29-06:00 2024-12-31 770181453 NASIF HICKS HARRIS & CO LLP 104 WEST ANAPAMU ST STE B SANTA BARBARA CA 93101 990 2024-01-01 956111806 THE TURNER FOUNDATION - SINCE 1958 TURN 8057301200 360 HOPE AVE C-300 SANTA BARBARA CA 93105 MADISON SMOAK DIRECTOR OF OPERATIONS 8057301200 2025-11-17 1 1 MITCHELL P THOMAS P01743228 8059661521 X 2024 2025-03-06 01:10:19Z STEPHANIE OLSON 360 HOPE AVENUE STE C-300 SANTA BARBARA CA 93105 24986338 0 X WWW.THETURNERFOUNDATION.COM X 1958 CA PROVIDE AFFORDABLE HOUSING, PROGRAMS AND SERVICES TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS. X 5 5 29 82 0 0 569402 854460 2667243 2733647 385 6224129 -612 0 3236418 9812236 0 0 0 0 1243981 1339560 44862 0 244563 2775101 3607477 4063944 4947037 -827526 4865199 23346167 10839927 18053531 822681 5292636 10017246 THE MISSION OF THE TURNER FOUNDATION IS TO PROVIDE SAFE, AFFORDABLE HOUSING AS WELL AS PROGRAMS AND SERVICES THAT WILL IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS AND SURROUNDING SANTA BARBARA COMMUNITY. 0 0 2799776 8957773 THE TURNER FOUNDATION (SINCE 1958) OWNS AND OPERATES A 70 UNIT AFFORDABLE HOUSING COMPLEX ON THE WEST SIDE OF SANTA BARBARA, CALIFORNIA. THE HOUSING COMMUNITY IS CALLED "THE VILLAGE OF SANTA BARBARA." THE APARTMENT COMPLEX HAS A MIX OF STUDIOS, ONE, AND TWO BEDROOM UNITS. A PLAYGROUND, BASKETBALL COURT, AND SWIMMING POOL ARE ALL AMENITIES AT THE VILLAGE. IN AUGUST OF 2014, THE TURNER FOUNDATION ACQUIRED A 45 UNIT COMPLEX ON THE WEST SIDE OF SANTA BARBARA. THIS HOUSING COMMUNITY IS CALLED "THE LIGHTHOUSE OF SANTA BARBARA." THROUGH CITY FUNDING,GRANTS, DONATIONS, AND OTHER FUNDS THE ORGANIZATION IMPROVES LIVING CONDITIONS FOR LOW INCOME FAMILIES AT BOTH PROPERTIES THROUGH NEW AND ONGOING REMODELS AND RENOVATIONS 991704 THE ORGANIZATION'S ONSITE PROGRAMMING AIMS TO PROMOTE THE WELFARE OF THE WHOLE FAMILY BY OFFERING HIGH QUALITY SERVICES. AN ONSITE LEARNING CENTER AND COMMUNITY CENTER ARE THE APEX ENVIRONMENTS FOR MEETING THE EDUCATIONAL NEEDS FOR CHILDREN (PRESCHOOL TWELFTH GRADE). ONSITE PROGRAMMING INCLUDES AN AFTER SCHOOL ENRICHMENT PROGRAM, YOUTH SUMMER PROGRAM, PERFORMING ARTS PROGRAM AND ART PROGRAM. ALL ONSITE PROGRAMS ARE AT NO COST TO THE TENANTS AND OFFER POSITIVE, EDUCATIONAL AND ENRICHING EXPERIENCES FOR THE CHILDREN LIVING IN THE COMMUNITY. PROGRAMMING IS MADE POSSIBLE THROUGH COMMUNITY PARTNERSHIPS, GRANTS, DONATIONS, AND OTHER FUNDS. 3791480 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 2 0 29 1 0 0 0 0 0 1 1 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X SARAH DILDINE 8057301200 300 E CANON PERDIDO SANTA BARBARA CA 93101 CURTIS YATES PRESIDENT 2.00 X X 0 0 0 BRYAN WESTERFELD DIRECTOR 2.00 X 0 0 0 NATHANIEL BAILEY DIRECTOR 2.00 X 0 0 0 STEPHANIE OLSON TREASURER 2.00 X X 0 0 0 AISHA OYAREKHUA DIRECTOR 2.00 X 0 0 0 DEAN WILSON CEO 40.00 X 225346 0 28000 DONALD FELLER SECRETARY/DIRECTOR OF OPER 40.00 X 129836 0 16500 355182 0 44500 2 0 1 0 0 533014 321446 854460 RENTAL INCOME 531110 2522339 2522339 GOVERNMENT FUNDED RENT 812300 58439 58439 VALINOR PARTNERSHIP FEE 531110 52000 52000 REDEMPTIVE PARTNERSHIP FEE 531110 44400 44400 LAUNDRY ROOM INCOME 531110 35729 35729 20740 20740 2733647 3 3 21398228 15174102 6224126 6224126 6224126 9812236 8957773 0 3 355181 100436 116104 138641 772341 597043 144495 30803 114202 59359 34497 20346 97836 60521 22612 14703 103962 103962 90917 90917 108317 108317 87184 87184 8734 5191 3543 19492 491 19001 995558 784800 205921 4837 9435 3515 2430 3490 589388 589388 955537 955537 116583 47901 68682 REPAIRS AND MAINTENANCE 388832 387224 1608 OTHER PROGRAM COSTS 124020 91343 2321 30356 MEALS AND ENTERTAINMENT 6228 1700 3209 1319 AUTO 3290 3069 153 68 4947037 3791480 910994 244563 11167 1819418 12717 39724 8653 0 108142 58096 23039403 50046 8666364 252619 227167 21608 37208 23346167 10839927 137591 144581 13948 103760 17698173 0 120086 203819 454254 18053531 822681 X 5292636 10017246 5292636 10017246 23346167 10839927 4865199 -140589 0 X X 0 1 X 1 0 X 132586 739701 291429 569402 854460 2587578 2425001 2441013 2704530 2667243 2616507 12854294 2557587 3180714 2995959 3236645 3470967 15441872 0 0 0 15441872 385 117143 117528 385 117143 117528 2557587 3180714 2995959 3237030 3588110 15559400 0.99240 1.00000 0.00760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93003 58096 34907 15139 15139 50046 INVESTMENT IN TURNER VILLAGE LP 1386392 C INVESTMENT IN TURNER LIGHTHOUSE LP 7279972 C 8666364 INVESTMENT IN AFFILIATES - DUE TO TURNER LIGHTHOUSE LP 88277 INVESTMENT IN AFFILIATES - DUE TO TURNER VILLAGE LP 137346 LEASE LIABILITY 228631 454254 X 0 0 0 0 0 0 0 0 0 DEAN WILSON CEO 225346 0 0 0 0 0 0 0 28000 0 253346 0 0 0 CONTRIBUTION OF REAL PROPERTY IN EXCHANGE FOR PARTNERSHIP INTEREST 2024-12-31 1386392 CONSIDERATION ESTABLISHED IN CONTRACTUAL SALE ARRANGEMENT 332602264 TURNER VILLAGE LP 360 S HOPE AVE C-300 SANTA BARBARA CA 93105 LIMITED PARTNERSHIP (LP) CONTRIBUTION OF REAL PROPERTY IN EXCHANGE FOR PARTNERSHIP INTEREST 2024-12-31 7279972 CONSIDERATION ESTABLISHED IN CONTRACTUAL SALE ARRANGEMENT 332638783 TURNER LIGHTHOUSE LP 360 S HOPE AVE C-300 SANTA BARBARA CA 93105 LIMITED PARTNERSHIP (LP) 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 DESCRIPTION OF DELEGATED DUTIES TO MANAGEMENT COMPANY - THE FOUNDATION HAS HIRED COCHRANE PROPERTY MANAGEMENT TO MANAGE THE PROPERTIES WHERE THEY CARRY OUT THEIR EXEMPT PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS - ALL BOARD MEMBERS,ARE PROVIDED WITH A COPY OF THE FORM 990 TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS - THE BOARD COMMITTEE MEMBERS REVIEW OPERATIONS OF THE FOUNDATION AND REPORT ISSUES TO BE DISCUSSED AT THE NEXT BOARD MEETING AT WHICH TIME ALL BOARD MEMBERS PARTICIPATE IN THE REVIEW FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEES - THE PROCESS FOR DETERMINING COMPENSATION INCLUDES ALL OF THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION; (2) USE OF DATA AS COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING 1.THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE - THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC IN THE TURNER FOUNDATION OFFICE FROM 10AM-4PM TUESDAY-FRIDAY AND THE COMMUNITY CENTER FROM 1PM-7PM MONDAY-FRIDAY AS WELL AS BY EMAIL AT INFO@THETURNERFOUNDATION.COM. 990 PART XII LINE 2B AS OF THE THE FILING DATE, AN INDEPENDENT AUDIT OF THE FINANCIAL STATEMENTS FOR THE TAX YEAR HAS BEEN ENGAGED AND AN AUDIT FOR 2024 IS IN PROGRESS. TURNER LIGHTHOUSE LP 360 S HOPE AVE C-300 SANTA BARBARA CA 93105 332638783 AFFORDABLE HOUSING RENTAL UNITS CA THE TURNER FOUNDATION - SINCE 1958 RELATED 7279972 0 1 0.10000 TURNER VILLAGE LP 360 S HOPE AVE C-300 SANTA BARBARA CA 93105 332602264 AFFORDABLE HOUSING RENTAL UNITS CA THE TURNER FOUNDATION - SINCE 1958 RELATED 1386392 0 1 0.59300 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 TURNER VILLAGE LP G 8520458 SALES PRICE OF PROPERTY TURNER LIGHTHOUSE LP G 12601471 SALES PRICE OF PROPERTY