2025-11-17T19:35:47-06:00 2024-12-31 943108053 NOVOGRADAC & COMPANY LLP 1255 TREAT BLVD SUITE 410 WALNUT CREEK CA 94596 990 2024-01-01 954648166 CENTURY AFFORDABLE DEVELOPMENT INC CENT 3106422000 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 WILLIAM WONG CFO 3106422000 2025-11-17 1 0 ERIC M BARNETT P01433887 9259494300 2024 2025-03-06 01:10:19Z WILLIAM WONG 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 12791876 0 X WWW.CENTURY.ORG X 1996 CA TO ACQUIRE AND DEVELOP REAL PROPERTY AS AFFORDABLE HOUSING. 10 9 0 0 0 0 7803750 500000 7265322 9356126 797297 2588819 0 0 15866369 12444945 0 0 0 0 3361879 3221627 0 0 0 679843 634918 4041722 3856545 11824647 8588400 70393648 84438131 12488634 17944717 57905014 66493414 TO ACQUIRE AND DEVELOP REAL PROPERTY AS AFFORDABLE HOUSING. 0 0 3607270 11009195 THE ORGANIZATION ACQUIRED AND SOLD PROPERTIES TO MAINTAIN AFFORDABLE HOUSING 3607270 1 1 0 0 0 0 0 0 0 0 1 0 1 1 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 1 1 0 0 0 1 17 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CENTURY AFFORDABLE DEVELOPMENT INC 3106422000 1000 CORPORATE POINTE SUITE 200 CULVER CITY CA 90230 CARRIE HAWKINS DIRECTOR 1.00 0.00 X 0 17243 357 DARROCH F YOUNG DIRECTOR 1.00 0.00 X 0 17600 0 LOUISE OLIVER DIRECTOR 1.00 0.00 X 0 17243 358 KRISTINA OLSON CHAIR, DIRECTOR 1.00 0.00 X X 0 17600 0 STEVEN R LEWIS VICE CHAIR, DIRECTOR 1.00 0.00 X 0 17600 0 CHRISTOPHER CAMERON DIRECTOR 1.00 0.00 X 0 17600 0 GREGORY ROBINSON SECRETARY, DIRECTOR 1.00 0.00 X X 0 17600 0 JOHN CHIANG DIRECTOR 1.00 0.00 X 0 13200 0 YVONNE BURKE DIRECTOR 1.00 0.00 X 0 17600 0 DANIEL LOPEZ DIRECTOR 1.00 0.00 X 0 9208 357 RONALD GRIFFITH PRESIDENT & CEO 10.00 30.00 X 0 567477 59926 ALAN R HOFFMAN SENIOR VP AND CFO 2.50 37.50 X 0 480782 67183 BEULAH KU ASSISTANT SECRETARY 2.50 37.50 X 0 205566 22916 DANIEL LOPEZ ACTING PRESIDENT AND CEO 10.50 19.00 X 0 135335 6423 BRIAN NICHOLAS DANDREA SENIOR VICE PRESIDENT 17.50 22.50 X 0 424860 67922 FERN HENDRICKSON VICE PRESIDENT, HUMAN RESOURCES 10.00 30.00 X 0 247107 58043 OSCAR ALVARADO VICE PRESIDENT 40.00 0.00 X 0 351305 59230 HOWARD CHAN VICE PRESIDENT 20.00 20.00 X 0 269088 54368 HEATHER SHARP VICE PRESIDENT, PROPERTY OPERATIONS 17.50 32.50 X 0 223521 24511 PAIGE A O'DONNELL ASSOCIATE DIRECTOR 40.00 0.00 X 0 235620 32756 JORDAN M JOHNSON SENIOR DEVELOPMENT MANAGER 40.00 0.00 X 0 198982 28547 CHRISTOPER L POPE ASSOCIATE DIRECTOR 40.00 0.00 X 0 188618 15077 ALEXANDROS B STAMAS SENIOR DEVELOPMENT MANAGER 40.00 0.00 X 0 170937 24269 KYLE FECIK DEVELOPMENT ASSOCIATE 40.00 0.00 X 0 143157 21810 0 4004849 544053 0 0 1 0 0 500000 500000 DEVELOPER FEE INCOME 531390 9163202 9163202 OTHER INCOME 531390 84821 84821 MANAGEMENT FEE 531390 74340 74340 GROSS POTENTIAL RENT - 531390 33763 33763 9356126 935750 935750 2000000 346931 1653069 1653069 1653069 12444945 11009195 0 935750 2426680 2426680 794947 794947 261 261 37250 37250 11089 11089 3601 3601 212025 212025 13213 13213 176927 176927 12567 12567 81850 81850 REPAIRS AND MAINTENANCE 42021 42021 TELECOMMUNICATIONS 17188 17188 TAXES 15924 15924 UTILITIES 4953 4953 6049 6049 3856545 3607270 249275 0 30040 80762 7554413 8151714 3087521 662204 34234086 42272832 147469 1853237 1713013 35521 2025434 1677492 5636000 5302678 17678685 24437212 70393648 84438131 1406998 2254755 4586000 7003000 6495636 8686962 12488634 17944717 X 48301264 56889664 9603750 9603750 57905014 66493414 70393648 84438131 8588400 0 X X 0 1 X 1 1 1 X 7803750 500000 8303750 16980327 6940396 3963510 7265322 11009195 46158750 16980327 6940396 3963510 15069072 11509195 54462500 0 0 0 54462500 446464 249211 300284 797297 935750 2729006 446464 249211 300284 797297 935750 2729006 17426791 7189607 4263794 15866369 12444945 57191506 0.95230 0.96270 0.04770 0.03730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1580754 1580754 75450 7111 68339 56809 28410 28399 1677492 INVESTMENT IN AFFILIATES 2985497 C INVESTMENT IN BEACHWOOD APARTMENTS, LP 100 C INVESTMENT IN CASA RITA, LP 476600 C INVESTMENT IN EMERALD TERRACE 32 C INVESTMENT IN WOODBRIDGE 50000 C INVESTMENT IN FLORENCE MOREHOUSE 15027 C INVESTMENT IN BANNING 100 C INVESTMENT IN COSTA MESA 1733087 C INVESTMENT IN AXIOM 25835 C INVESTMENT IN B404 100 C INVESTMENT IN B156 100 C INVESTMENT IN VANOWEN 100 C INVESTMENT IN B158 100 C INVESTMENT IN ACADEMY HALL, LP 16000 C 5302678 CONSTRUCTION IN PROGRESS 6818856 DEVELOPER FEE RECEIVABLE FROM AFFILIATES 16775356 OTHER RECEIVABLES FROM AFFILIATES 843000 24437212 NOTES PAYABLE TO RELATED PARTIES 8686962 8686962 X 12444945 0 12444945 0 12444945 3856545 0 3856545 0 3856545 PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. X X 0 0 0 0 0 0 0 0 0 RONALD GRIFFITH PRESIDENT & CEO 0 281590 0 100000 0 185887 0 31172 0 28754 0 627403 0 0 ALAN R HOFFMAN SENIOR VP AND CFO 0 357073 0 89698 0 34011 0 27927 0 39256 0 547965 0 0 BRIAN NICHOLAS DANDREA SENIOR VICE PRESIDENT 0 327536 0 80444 0 16880 0 29972 0 37950 0 492782 0 0 OSCAR ALVARADO VICE PRESIDENT 0 279665 0 53650 0 17990 0 27774 0 31456 0 410535 0 0 HOWARD CHAN VICE PRESIDENT 0 218597 0 41682 0 8809 0 21484 0 32884 0 323456 0 0 FERN HENDRICKSON VICE PRESIDENT, HUMAN RESOURCES 0 203528 0 39990 0 3589 0 18928 0 39115 0 305150 0 0 PAIGE A O'DONNELL ASSOCIATE DIRECTOR 0 204792 0 30678 0 150 0 16426 0 16330 0 268376 0 0 HEATHER SHARP VICE PRESIDENT, PROPERTY OPERATIONS 0 192633 0 25501 0 5387 0 17832 0 6679 0 248032 0 0 BEULAH KU ASSISTANT SECRETARY 0 162530 0 31935 0 11101 0 15852 0 7064 0 228482 0 0 JORDAN M JOHNSON SENIOR DEVELOPMENT MANAGER 0 173285 0 25536 0 161 0 15906 0 12641 0 227529 0 0 CHRISTOPER L POPE ASSOCIATE DIRECTOR 0 156562 0 30178 0 1878 0 5655 0 9422 0 203695 0 0 ALEXANDROS B STAMAS SENIOR DEVELOPMENT MANAGER 0 144042 0 19845 0 7050 0 13667 0 10602 0 195206 0 0 KYLE FECIK DEVELOPMENT ASSOCIATE 0 108722 0 17024 0 17411 0 11448 0 10362 0 164967 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS. AN EXTERNAL TAX PREPARER AND CENTURY AFFORDABLE DEVELOPMENT, INC. STAFF WORK TOGETHER TO GATHER THE INFORMATION NECESSARY TO COMPLETE THE TAX RETURN. STAFF REVIEWS AN INITIAL DRAFT TAX RETURN FROM THE TAX PREPARER AND DISCUSSES ANY ISSUES OR CHANGES. ONCE STAFF IS SATISFIED WITH THE DRAFT TAX RETURN A COPY IS EMAILED TO EACH MEMBER OF THE CENTURY AFFORDABLE DEVELOPMENT, INC. BOARD OF DIRECTORS FOR THEIR REVIEW. ANY QUESTIONS OR REQUESTS FOR COMMENT OR CLARIFICATION FROM THE MEMBERS OF THE BOARD ARE HANDLED BY STAFF OR THE EXTERNAL TAX PREPARER, AND IF NEEDED A FURTHER DRAFT IS PREPARED FOR REVIEW BY STAFF. THE PRESIDENT, SENIOR VICE PRESIDENT, CFO AND THE BOARD MAKE A FINAL REVIEW OF THE TAX RETURN PRIOR TO EXECUTION AND FILING. FORM 990, PART VI, SECTION B, LINE 12C DISCUSSION AND DISCLOSURE AS A PART OF REGULAR BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION INCLUDES THE FOLLOWING ELEMENTS: 1. REVIEW AND APPROVAL - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION - 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. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - 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 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: YES, THE ORGANIZATION HAS AN AUDIT COMMITTEE WITH THESE RESPONSIBILITIES. 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