2025-11-07T06:54:39-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 330362163 DECRO CORPORATION DECR 4244034586 3431 WESLEY STREET F CULVER CITY CA 90232 TED HANDEL CEO 4244034586 2025-11-06 1 0 JACOB A SOWERS P01712829 3178485700 2024 2025-03-06 01:10:19Z TED HANDEL 3431 WESLEY STREET F CULVER CITY CA 90232 16059417 0 X WWW.DECRO.ORG X 1989 CA THE CORPORATION IS TO PROVIDE AFFORDABLE, SAFE AND WELL-MAINTAINED HOUSING AND SERVICES FOR LOW-INCOME FAMILIES AND SENIORS. 6 6 10 0 0 0 1267034 2713118 8590105 8621040 551147 3396692 374346 500614 10782632 15231464 0 0 0 0 2974183 3113736 0 0 0 14483918 17302403 17458101 20416139 -6675469 -5184675 254630842 276505417 244205925 271278715 10424917 5226702 THE CORPORATION IS TO PROVIDE AFFORDABLE, SAFE AND WELL-MAINTAINED HOUSING AND SERVICES FOR LOW-INCOME FAMILIES AND SENIORS. 0 0 19635068 11943087 AS OF DECEMBER 31, 2024, THE CORPORATION OR THE CORPORATION'S WHOLLY OWNED ENTITIES ARE THE GENERAL PARTNER, CO-GENERAL PARTNER, DEVELOPMENT GENERAL PARTNER AND/OR LIMITED PARTNER IN 24 ENTITIES WHICH ALL OPERATE OR INTEND TO OPERATE LOW-INCOME AFFORDABLE HOUSING PROJECTS. THE CORPORATION ALSO PROVIDES MANAGEMENT SERVICES TO SIX CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATIONS THAT WERE OR ARE THE MANAGING GENERAL PARTNER, CO-GENERAL PARTNER, DEVELOPMENT GENERAL PARTNER OR LIMITED PARTNER IN ENTITIES WHICH OPERATE LOW-INCOME HOUSING PROPERTIES. COLLECTIVELY THESE ENTITIES ARE ALL CONTROLLED BY A COMMON BOARD OF DIRECTORS. 19635068 1 1 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 1 1 0 0 0 1 0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 4244034586 3431 WESLEY STREET SUITE F CULVER CITY CA 90232 CHRISTIAN VON MERKATZ CHAIR 1.00 0.00 X X 0 0 0 IRENE CHOI VICE CHAIR 1.00 0.00 X X 0 0 0 ALEXANDER J NWEEIA TREASURER 1.00 0.00 X X 0 0 0 MEG BABAKHANIAN SECRETARY 1.00 0.00 X X 0 0 0 PAUL PIEROTH DIRECTOR 1.00 0.00 X 0 0 0 J WARREN AVERY DIRECTOR 1.00 0.00 X 0 0 0 TED HANDEL CHIEF EXECUTIVE OFFICER 1.00 40.00 X 288493 0 5775 ERIN FOREMAN SENIOR PROJECT MANAGER 0.20 40.00 X 170151 0 5100 TERRI O'HARA CONTROLLER 0.20 40.00 X 170342 0 0 NICOLE WILLICK DIRECTOR OF RESIDENT & COMMUNITY ENGAGEMENT 0.20 40.00 X 164651 0 0 EMMANUEL CHOICE ASSET MANAGER 0.20 40.00 X 123719 0 0 917356 0 10875 5 0 1 0 0 2698118 15000 2713118 RENTAL INCOME 531110 8395099 8395099 GENERAL PARTNER FEES 531390 225941 225941 8621040 74645 74645 4150000 827953 3322047 3322047 3322047 TENANT CHARGES 531110 223681 223681 OTHER REVENUE-MISC. 531390 166094 166094 TAX REFUND 531110 72895 72895 37944 37944 500614 15231464 11943087 0 575259 294268 294268 2028912 1901263 127649 297783 297783 492773 410158 82615 754373 754373 108082 108082 125775 123375 2400 918206 624639 293567 10392762 10117922 274840 4794565 4794565 55759 55759 BAD DEBTS 152881 152881 20416139 19635068 781071 0 7753430 5833640 3263568 5953439 348243 722559 283139880 24246332 236316776 258893548 6583 18270 6942242 5083961 254630842 276505417 20296436 21499072 12850 56588 213394644 236647834 10501995 13075221 244205925 271278715 X 10424917 5226702 10424917 5226702 254630842 276505417 X -5184675 -794445 780905 X 0 1 X 1 0 X 6440 102433 756656 1267033 2713118 4845680 3099425 6414462 7070519 8590105 8621040 33795551 3105865 6516895 7827175 9857138 11334158 38641231 0 2814837 2814837 2814837 2814837 35826394 0 -653 4543 4731 74645 83266 -653 4543 4731 74645 83266 -118086 314942 253510 374346 500614 1325326 2987779 6831184 8085228 10236215 11909417 40049823 0.89450 0.83410 0.00210 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARTNERSHIP INCOME - PASSTHROUGH - 2020 AMOUNT: $ -118,086. 2021 AMOUNT: $ -51. 2022 AMOUNT: $ -3,556. 2023 AMOUNT: $ -1,555. 2024 AMOUNT: $ 5,613. OTHER INCOME - 2021 AMOUNT: $ 314,993. 2022 AMOUNT: $ 257,066. 2023 AMOUNT: $ 375,901. 2024 AMOUNT: $ 495,001. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35720226 35720226 247419654 24246332 223173322 258893548 INTEREST ON LOANS/NOTES 12591051 SECURITY DEPOSITS 482777 MISC. CURRENT LIABILITIES 1393 13075221 X 15231464 0 15231464 0 15231464 20416139 0 20416139 0 20416139 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE, OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITIES. X 0 0 0 0 0 0 0 0 0 TED HANDEL CHIEF EXECUTIVE OFFICER 260000 0 28493 0 0 0 0 0 5775 0 294268 0 0 0 ERIN FOREMAN SENIOR PROJECT MANAGER 157000 0 13151 0 0 0 0 0 5100 0 175251 0 0 0 TERRI O'HARA CONTROLLER 155000 0 15342 0 0 0 0 0 0 0 170342 0 0 0 NICOLE WILLICK DIRECTOR OF RESIDENT & COMMUNITY ENG 151500 0 13151 0 0 0 0 0 0 0 164651 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO EXECUTIVE COMMITTEE MEETINGS CONDUCTED IN THE CURRENT YEAR FORM 990, PART VI, SECTION B, LINE 11B A REVIEW AND RECONCILIATION OF INFORMATION PROVIDED TO THE PAID PREPARER OF THE FORM IS PERFORMED. UPON COMPLETION OF THIS PROCESS THE FORM IS REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED. ONCE THE EXECUTIVE COMMITTEE APPROVES THE FORM IS FILED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL MONITORING PROCESS IS PERFORMED IN THE FIRST QUARTER OF THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD THROUGH COMPARING LIKE-KIND NON-PROFIT ORGANIZATIONS AND REFERING TO THE "COMPENSATION IN NON-PROFIT ORGANIZATIONS IN CALIFORNIA" MANUAL AS WELL. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE CONVENIENCE OF THE ORGANIZATION. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS FROM NON-CONTROLLING INTERESTS 1,331,572. DISTRIBUTIONS TO NON-CONTROLLING INTERESTS -550,667. 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