2025-05-12T17:20:33-05:00 2024-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-07-01 825159573 COMPASS QALICB COMP 4156440504 37 GROVE STREET SAN FRANCISCO CA 94102 ERICA KISCH CEO 4156440504 2025-05-12 1 0 MICHAEL LUMSDEN P01262236 4159561500 2025-05-12 2023 2025-03-06 01:10:19Z ERICA KISCH 37 GROVE STREET SAN FRANCISCO CA 94102 656526 0 X WWW.COMPASS-SF.ORG X 2018 CA COMPASS QALICB WAS ESTABLISHED IN 2018 AND CONTINUES TO FACILITATE THE NEW MARKETS TAX CREDIT FINANCING USED FOR THE PURCHASE OF COMPASS FAMILY SERVICES' CENTRAL HUB. 5 5 0 5 0 0 4354 0 654881 654881 788 1645 0 0 660023 656526 0 0 0 0 0 0 0 0 0 545163 597592 545163 597592 114860 58934 16029776 16136922 14748406 14796618 1281370 1340304 X COMPASS QALICB EXISTS TO FACILITATE THE NEW MARKETS TAX CREDIT FINANCING USED TO PURCHASE THE BUILDING USED BY COMPASS FAMILY SERVICES' IN THEIR PROVISION OF CRITICAL SUPPORTIVE SERVICES THAT HELP SAN FRANCISCO'S HOMELESS AND AT-RISK FAMILIES TO ACHIEVE HOUSING STABILITY, ECONOMIC SELF-SUFFICIENCY, AND WELL-BEING. 0 0 0 0 654881 COMPASS QALICB SUPPORTS THE CHARITABLE PURPOSES OF COMPASS FAMILY SERVICES BY FINANCING THE CONSTRUCTION OF, AND HOLDING TITLE TO, THE ORGANIZATION'S CENTRAL HUB. 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 X 5 5 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X X ROSA MARTINEZ 4156440504 37 GROVE STREET SAN FRANCISCO CA 94102 X JANICE SEARS CHAIR 1.00 0.00 X X 0 0 0 ALAN COE VICE CHAIR 1.00 0.00 X X 0 0 0 NICK LEVINSON TREASURER 1.00 0.00 X X 0 0 0 LINSEY THORNTON SECRETARY 1.00 2.00 X X 0 0 0 DEBBIE KOSKI BOARD MEMBER 1.00 2.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 532000 654881 654881 654881 1645 1645 656526 654881 0 1645 9914 9914 63228 63228 207808 207808 226938 226938 LOAN FEES 69593 69593 DEBT ISSUANCE COSTS 13789 13789 LICENSES AND FEES 6322 6322 597592 0 597592 0 256830 206679 201225 133278 14385754 1296000 13309391 13089754 2262330 2707211 16029776 16136922 0 5150 14690763 14704552 57643 86916 14748406 14796618 X 1281370 1340304 1281370 1340304 16029776 16136922 58934 0 X 0 1 X 1 0 X X X 1 COMPASS FAMILY SERVICES 941156622 7 1 0 654881 1 0 654881 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PART I, LINE 12G, COLUMN (VI) COMPASS QALICB SUPPORTS THE CHARITABLE PURPOSES OF COMPASS FAMILY SERVICES BY FACILITATING THE FINANCING USED FOR THE PURCHASE OF COMPASS FAMILY SERVICES' CENTRAL HUB. THEREAFTER, COMPASS QALICB HAS RENTED OUT THESE FACILITIES TO COMPASS FAMILY SERVICES FOR USE IN ITS PROGRAMS AND OPERATIONS. SCHEDULE A, PART IV, SECTION D, LINE 2: AT ALL TIMES, THE BOARD OF DIRECTORS OF COMPASS QALICB MUST CONTAIN AT LEAST ONE (1) BOARD MEMBER OR OFFICER OF COMPASS FAMILY SERVICES. DURING FISCAL YEAR-END 6/30/2024, THE BOARD SECRETARY AND ONE ADDITIONAL BOARD MEMBER OF COMPASS QALICB SERVED AS BOARD MEMBERS COMPASS FAMILY SERVICES, THUS MAINTAINING A CLOSE AND CONTINUOUS WORKING RELATIONSHIP. SCHEDULE A, PART IV, SECTION D, LINE 3: DUE TO THE RELATIONSHIP BETWEEN COMPASS QALICB AND COMPASS FAMILY SERVICES (IN THAT THEY SHARE TWO BOARD MEMBERS), COMPASS FAMILY SERVICES MAINTAINS A SIGNIFICANT VOICE IN HOW COMPASS QALICB MANAGES AND USES ITS ASSETS. SCHEDULE A, PART IV, SECTION E, LINE 2A: SUBSTANTIALLY ALL OF COMPASS QALICB'S ACTIVITIES DURING THE TAX YEAR DIRECTLY FURTHERED THE EXEMPT PURPOSE OF COMPASS FAMILY SERVICES IN THAT COMPASS QALICB HOLDS TITLE TO PROPERTY WHICH IS RENTED TO COMPASS FAMILY SERVICES TO HELP FURTHER ITS PROGRAMS AND OPERATIONS. SCHEDULE A, PART IV, SECTION E, LINE 2B: THE ACTIVITIES OF COMPASS QALICB (FINANCING AND HOLDING TILE TO PROPERTY FOR USE IN COMPASS FAMILY SERVICES' OPERATIONS AND PROGRAMS) CONSTITUTE ACTIVITIES WHICH COMPASS FAMILY SERVICES' WOULD HAVE ENGAGED IN BUT FOR COMPASS QALICB'S INVOLVEMENT; IF NOT FOR COMPASS QALICB, COMPASS FAMILY SERVICES' WOULD HOLD TITLE TO THIS PROPERTY ITSELF, RATHER THAN THROUGH ITS SUPPORTING ORGANIZATION. 5700000 5700000 8598266 1233597 7364669 87488 62403 25085 13089754 RENT RECEIVABLE FROM COMPASS FAMILY SERVICES 2707211 2707211 DUE TO COMPASS FAMILY SERVICES 86916 86916 X PART X, LINE 2: COMPASS IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. COMPASS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED AND CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. COMPASS HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, IT DOES NOT HAVE ANY SIGNIFICANT TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER, THE FORM 990 INSTRUCTIONS FURTHER DEFINE A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION OR OTHER LEGAL ENTITY) WHO, PURSUANT TO A PROVISION IN THE ORGANIZATION'S GOVERNING DOCUMENTS, HAS THE RIGHT RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. ACCORDINGLY, COMPASS QALICB HAS ONE SOLE MEMBER: COMPASS FAMILY SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE STAFF. A DRAFT FORM 990 IS REVIEWED BY THE ORGANIZATION'S CEO AND CFO; ADJUSTMENTS ARE MADE, AS NECESSARY. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY APPLIES TO DIRECTORS AND OFFICERS (INSIDERS) AND REQUIRES INSIDERS TO DISCLOSE THE CONFLICTS AS THEY ARISE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE QUESTIONNAIRE. IN THE EVENT OF A CONFLICT, OR APPEARANCE OF A CONFLICT, THE MATTER IS HANDLED IN ACCORDANCE WITH COMPASS QALICB'S CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY COVERS FINANCIAL INTERESTS, INSIDE INFORMATION, GIFTS AND FAVORS, AND DIRECT REPORTING RELATIONSHIPS WITH FAMILY MEMBERS. CONFLICTS SHOULD BE REPORTED TO THE BOARD CHAIR AND/OR VICE-CHAIR. ACTION FOR CONFLICTS VARY FROM SIMPLE DISCLOSURE TO DIRECTED ACTION. WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED, OR ANY OTHER PERSON WITH KNOWLEDGE, TO NOTIFY THE BOARD CHAIR AND/OR VICE CHAIR OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THEY CAN PROVIDE GUIDANCE AND TAKE SUCH ACTION AS IT SHALL DEEM APPROPRIATE. NO BOARD MEMBER WHO DIRECTLY OR INDIRECTLY IS INVOLVED IN A POTENTIAL CONFLICT SHALL CONSIDER OR VOTE ON AN ACTION REGARDING THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. COMPASS FAMILY SERVICES 37 GROVE STREET SAN FRANCISCO CA 94102 941156622 TO ASSIST HOMELESS AND AT-RISK FAMILIES CA 501(C)(3) LINE 7 N/A 0 0 0 0 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0