2025-11-13T22:22:13-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 1255 TREAT BLVD SUITE 410 WALNUT CREEK CA 94597 990 2024-01-01 731717101 PRESERVATION PARK CENTER INC PRES 5102875353 1825 SAN PABLO AVE 200 OAKLAND CA 94612 PAUL CARNEY CHIEF FINANCIAL OFFICER 5102875353 2025-11-13 1 0 KEVIN T WILSON P01313212 9259494300 2024 2025-03-06 01:10:19Z PAUL CARNEY 1825 SAN PABLO AVE 200 OAKLAND CA 94612 1398331 0 X WWW.PRESERVATIONPARK.COM X 2004 CA THE ORGANIZATION OWNS AND OPERATES COMMERCIAL SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. IN ADDITION, THE ORGANIZATION LEASES COMMON AREAS AS A GATHERING SPACE TO ITS TENANTS AND TO MEMBERS OF THE SURROUNDING COMMUNITY. 5 0 0 0 0 0 0 0 1352540 1282866 72 33 123857 115432 1476469 1398331 0 0 0 0 295620 318840 0 0 0 1672410 1469461 1968030 1788301 -491561 -389970 5784807 5577620 6961990 7144773 -1177183 -1567153 X PRESERVATION PARK CENTER, INC. (PPC) WAS FORMED AS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION IN JULY 2004 TO ACQUIRE, OWN AND OPERATE PRESERVATION PARK, LOCATED IN OAKLAND, CALIFORNIA. PPC'S SPECIFIC PURPOSES ARE TO COMBAT COMMUNITY DETERIORATION AND PROVIDE RELIEF TO THE POOR OR UNDERPRIVILEGED BY OWNING AND OPERATING COMMERCIAL OFFICE SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. THE PROPERTY, ACQUIRED IN JANUARY 2005, IS A UNIQUE COLLECTION OF SIXTEEN VICTORIAN BUILDINGS, THREE OF WHICH ARE DEDICATED FOR COMMUNITY USE FOR MEETINGS AND OTHER EVENTS. 0 0 1495063 1398298 THE ORGANIZATION OWNED AND OPERATED COMMERCIAL OFFICE SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. IN ADDITION, THE ORGANIZATION LEASED COMMON AREAS AS A GATHERING SPACE TO ITS TENANTS AND TO MEMBERS OF THE SURROUNDING COMMUNITY. 1495063 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 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 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 CA X THE ORGANIZATION 5102875353 1825 SAN PABLO AVE 200 OAKLAND CA 94612 TED DANG PRESIDENT 1.00 X X 0 0 0 CHRISTINE CARR SECRETARY/TREASURER 1.00 X X 0 0 0 FANYA KA MAKINI DIRECTOR 1.00 X 0 0 0 DAWN HAWK DIRECTOR 1.00 X 0 0 0 ROY SCHEWYER DIRECTOR 1.00 X 0 0 0 JANELLE CHAN CHIEF EXECUTIVE OFFICER 1.00 X 0 208731 16785 PAUL CARNEY CHIEF FINANCIAL OFFICER 1.00 X 0 110577 1104 LINA SHETH INTERIM CHIEF EXECUTIVE OFFICER 1.00 X 0 181500 998 0 500808 18887 0 0 1 0 CMA ASSET MANAGERS INC 1250 MARTIN LUTHER KING JR WAY OAKLAND CA 94612 PROPERTY MANAGEMENT & OTHER REIMBURSEMEN 454680 1 RENTAL INCOME 531120 1282866 1282866 1282866 33 33 OTHER REVENUE 531390 115432 115432 115432 1398331 1398298 0 33 318840 174612 144228 29302 29302 12155 12155 13725 13725 4430 4430 341157 341157 206201 206201 165084 165084 OPERATING AND MAINTENAN 457967 457967 UTILITIES 142460 142460 ASSET MANAGEMENT FEE 63959 63959 GENERAL AND ADMINISTRAT 25439 25439 7582 7582 1788301 1495063 293238 0 14208 9293 72014 65100 25695 27532 8458223 2982528 5672890 5475695 5784807 5577620 364395 219104 65789 84722 5174468 5038823 1357338 1802124 6961990 7144773 X -1177183 -1567153 -1177183 -1567153 5784807 5577620 -389970 0 X X 0 1 X 1 0 X 1385795 1280289 1233612 1352540 1282866 6535102 1385795 1280289 1233612 1352540 1282866 6535102 0 0 0 6535102 63 57 20 72 33 245 63 57 20 72 33 245 123640 99326 92503 123857 115432 554758 1509498 1379672 1326135 1476469 1398331 7090105 0.92170 0.92270 0.00000 0.00010 X 2057056 2057056 4040925 1262788 2778137 1884320 1325187 559133 475922 394553 81369 5475695 SECURITY DEPOSITS PAYABLE 93475 ACCRUED INTEREST 26076 RELATED PARTY - NOTE PAYABLE 1406876 DUE TO RELATED PARTY 275697 1802124 X 1398331 0 1398331 0 1398331 1788301 0 1788301 0 1788301 PART X, LINE 2: THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION 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. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JANELLE CHAN CHIEF EXECUTIVE OFFICER 0 208731 0 0 0 0 0 0 0 16785 0 225516 0 0 LINA SHETH INTERIM CHIEF EXECUTIVE OFFICER 0 181500 0 0 0 0 0 0 0 998 0 182498 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO OF ONE OF THE ORGANIZATIONS THAT PROVIDE TWO MEMBERS TO SERVE ON THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE FINALIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 2C NO CHANGE IN THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS OF INDEPENDENT ACCOUNTANT FROM PRIOR YEARS. 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