2025-10-28T11:11:01-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2024-01-01 821222830 EASTSIDE COMMUNITY CENTER QALICB EAST 2533051042 4702 SOUTH 19TH STREET TACOMA WA 98405 SHON SYLVIA PRESIDENT 2533051030 2025-10-28 1 1 JOLANTA TUCK P01340068 9164429100 2025-10-24 2024 2025-03-06 01:10:19Z SHON SYLVIA 4702 SOUTH 19TH STREET TACOMA WA 98405 28468510 0 X N/A X 2017 WA THE PURPOSE OF THE ORGANIZATION IS TO EXCLUSIVELY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, THE DEVELOPMENT OF THE TACOMA EASTSIDE COMMUNITY CENTER LOCATED IN TACOMA, WASHINGTON. 5 5 0 8 0 0 0 0 236000 146000 27 10 0 28322500 236027 28468510 0 0 0 0 0 0 0 0 0 1591363 1378019 1591363 1378019 -1355336 27090491 28214876 26722939 28584762 2334 -369886 26720605 X THE PURPOSE OF THE ORGANIZATION IS TO EXCLUSIVELY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, THE DEVELOPMENT OF THE TACOMA EASTSIDE COMMUNITY CENTER LOCATED IN TACOMA, WASHINGTON. 0 1 34289 28468500 THE ORGANIZATION SUPPORTED THE DEVELOPMENT OF THE TACOMA EASTSIDE COMMUNITY CENTER LOCATED IN TACOMA, WASHINGTON. DURING JULY 2024 THE NEW MARKET TAX CREDIT (NMTC) COMPLIANCE PERIOD ENDED AND THE ORGANIZATION HAD $28,322,500 OF LOANS FORGIVEN BY THE LENDERS LIIF, RBC, AND TNT. 34289 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 0 0 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 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 WA X TANIA WINK 2533051042 4702 SOUTH 19TH STREET TACOMA WA 98405 X CARRIE HOLDEN VICE PRESIDENT 0.02 X X 0 0 0 ERWIN VIDALLON TREASURER 0.08 X X 0 0 0 MICHAEL MIRRA SECRETARY 0.02 X X 0 0 0 MORRIS ALDRIDGE DIRECTOR 0.02 X 0 0 0 SHON SYLVIA PRESIDENT 0.12 X X 0 0 0 0 0 0 0 0 0 0 JOHN KORSMO CONSTRUCTION DBA KORSMO CONS 1940 EAST D STREET STE 300 TACOMA WA 98421 CONSTRUCTION 207049 1 RENTAL INCOME 532420 146000 146000 146000 10 10 FORGIVENESS OF DEBT 900099 28322500 28322500 28322500 28468510 28468500 0 10 34289 34289 16081 16081 1815 1815 164616 164616 1140867 1140867 EXP ALLOW FEES/REIMBURS 15500 15500 TAXES & FEES 4850 4850 GROUND LEASE 1 1 1378019 34289 1343730 0 259623 38354 33905236 7220651 27825452 26684585 129801 0 28214876 26722939 206133 2334 28378629 0 28584762 2334 X -369886 26720605 -369886 26720605 28214876 26722939 27090491 0 X 0 1 X 1 0 X 205197 205197 236000 236000 236000 236000 146000 1090000 236000 236000 441197 236000 146000 1295197 0 231000 231000 231000 231000 141000 1065000 231000 231000 231000 231000 141000 1065000 230197 57 34 30 27 10 158 57 34 30 27 10 158 236057 236034 441227 236027 146010 1295355 0.17770 0.45550 0.00010 0.00010 X 27313467 4265116 23048351 5539446 2300578 3238868 889260 491894 397366 163063 163063 0 26684585 X 28468510 0 28468510 0 28468510 1378019 0 1378019 0 1378019 PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS REVENUE FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. FORM 990, PART III, LINE 3 DURING JULY 2024 THE NEW MARKET TAX CREDIT (NMTC) COMPLIANCE PERIOD ENDED AND THE ORGANIZATION HAD $28,322,500 OF LOANS FORGIVEN BY THE LENDERS LIIF, RBC, AND TNT. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT OF THE ORGANIZATION AS THE ENTITY HAS BEEN DISSOLVED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICIES OF EASTSIDE COMMUNITY CENTER QALICB ("QALICB") BOARD OF DIRECTORS REQUIRE ANNUAL DISCLOSURE OF ANY CONFLICT OF INTEREST. EACH DIRECTOR AND MEMBER OF A COMMITTEE WITH DELEGATED POWERS ARE REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE, AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ANY POTENTIAL CONFLICT OF INTEREST ("COI") IS REQUIRED TO BE DISCLOSED AND MADE A MATTER OF RECORD AS SOON AS THE POSSIBLE CONFLICT IS DETERMINED. THE INTERESTED DIRECTOR IS PROHIBITED FROM VOTING ON THE POSSIBLE CONFLICT, AND THE MINUTES OF THE MEETING WILL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE INTERESTED DIRECTOR ABSTAINED FROM VOTING. A DIRECTOR WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST.