2026-05-20T11:47:11-07:00 2025-12-31 Sally Veres Tax and Accounting 2519 N Lamer Street Burbank CA 91504 990 2025-01-01 952627136 Burbank Housing Corporation BURB 8185592336 1819 Grismer Avenue Burbank CA 91504 Chris Welker President 2026-05-20 true Sally Veres P00137533 8184212974 X 2025 2025-03-06 01:10:19Z 1819 Grismer Avenue Burbank CA 915043608 38465074 false X www.burbankhousingcorp.org X 1997 CA TO DEVELOP, IMPROVE AND PRESERVE HOUSING FOR LOW AND MODERATE INCOME PERSONS IN THE CITY OF BURBANK, CA, THROUGH ACQUISITION, REHABILITATION, DEMOLITION, NEW CONSTRUCTION, PROPERTY MANAGEMENT SERVICES AND OTHER ACTIVITIES ASSOCIATED WITH SUCH PURPOSE AND TO PROVIDE COMMUNITY AND FAMILY SUPPORT SERVICES TO RESIDENTS OF THE CITY OF BURBANK, CA THAT INCLUDES SUCH PERSONS OF LOW AND MODERATE INCOME, AND THAT INCLUDES BUT IS NOT LIMITED TO COMMUNITY SERVICE PROGRAMS AS THE OPERATION OF ACTIVITY, FAMILY RESOURCES AND CHILD CARE CENTERS. THE CORPORATION'S CHILD CARE CENTER PROGRAMS SHALL ALSO BE MADE AVAILABLE SECONDARILY TO PERSONS AND THEIR IMMEDIATE FAMILY MEMBERS WHO ARE EMPLOYED IN THE CITY OF BURBANK, CA. 9 9 4 0 63615 29506257 8492567 8760687 173167 192350 5775 5780 8735124 38465074 3000 4750 0 3695420 3581026 0 57720 6818428 6293520 10516848 9879296 -1781724 28585778 49400182 48931600 82534689 53480329 -33134507 -4548729 THE MISSION OF BURBANK HOUSING CORPORATION IS 1 TO DEVELOP, UPGRADE AND PRESERVE AFFORDABLE HOUSING OPPORTUNITIES FOR LOWER AND MODERATE INCOME HOUSEHOLDS IN BURBANK, AND 2 TO PROVIDE SERVICES THAT WILL ENRICH THE QUALITY OF LIFE OF THE RESIDENTS IN OUR COMMUNITIES. false false 4307376 4910447 THE ORGANIZATION TRANSFORMS POORLY MAINTAINED BUILDINGS TO SAFE, ATTRACTIVE AND AFFORDABLE HOUSING AND WORKS WITH THE CITY TO ACQUIRE THESE PROPERTIES. THE PROGRAM OFFERS AFFORDABLE HOUSING FOR INDIVIDUALS AND FAMILIES WITH LOW TO MODERATE INCOME. 3256842 3850240 THE ORGANIZATION OPERATES TWO CHILD CARE CENTERS TO PROVIDE CHILD CARE SERVICES TO ITS TENANTS. THE CHILD CARE CENTERS PROVIDE 180 SPACES OF CHILD CARE FOR CHILDREN BETWEEN THE AGES OF 6 WEEKS TO 5 YEARS AND FOCUS ON PROVIDING AN EARLY FOUNDATIONS CURRICULUM AND PURPOSEFUL PLAY TO CULTIVATE VALUABLE LEARNING SKILLS. TWENTY PERCENT OF THE SPACES AT THE ORGANIZATION'S CHILD CARE CENTERS ARE RESERVED AT DISCOUNTED TUITION RATES FOR LOWER-INCOME FAMILIES THAT QUALIFY. 325607 4750 THE ORGANIZATION HAS PARTNERED WITH THE BOYS AND GIRLS CLUB B&GC OF BURBANK AND GREATER EAST VALLEY TO PROVIDE A FREE AFTER-SCHOOL PROGRAM INCLUDING TRANSPORATION AND A LOW FEE SUMMER PROGRAM FOR THE CHILDREN IN BHC PROPERTIES. THE B&GC PROGRAMS PROVIDE HOMEWORK HELP, CREATIVE ARTS, AND ENRICHMENT PROGRAMS FOR CHILDREN AGES 6-14 YEARS OLD. 7889825 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 4 0 true 4 true false false false false false false false 0 false false false false false false false X 9 9 false false false false false false false true false false false true true true true true true true true false CA X Sally Veres 8185592336 1819 Grismer Avenue BURBANK CA 91504 SYLVIA MORENO Executive Dir. 40.00 0.00 X 207132 0 0 RAHA ARNOLD Director 40.00 0.00 X 191980 0 0 CHRIS WELKER President 4.00 0.00 X X 0 0 0 ALISA CUNNINGHAM Secretary 3.00 0.00 X X 0 0 0 RUTH MARTINEZ-BAENEN Treasurer 3.00 0.00 X X 0 0 0 ERNEST BURGER Director 2.00 0.00 X 0 0 0 CAROLYN ENGLISH Director 2.00 0.00 X 0 0 0 JENNIFER DUNN Director 2.00 0.00 X 0 0 0 BROCK COLLINS Director 3.00 0.00 X X 0 0 0 JOCELYN GRAFIAZ Director 2.00 0.00 X 0 0 0 399112 2 false true false 0 29493948 12309 29506257 Child Care 531390 3850240 3850240 Rental and Related Income 531110 4910447 4910447 8760687 192350 192350 0 0 0 0 0 0 0 Activity Center Use Fees 531190 380 380 Keeler Elliott Ground Lease 531190 5400 5400 5780 38465074 8958817 0 4750 4750 0 0 399112 299334 80223 19555 0 2525419 2437187 50067 38165 47321 40033 7288 515216 504854 10362 93958 84997 8961 662961 662961 76861 64094 12767 53660 42960 10700 0 0 0 237584 211505 26079 800 604 196 53750 51109 2641 55476 53032 2444 0 14461 14461 12042 11303 739 0 10693 10015 678 20181 20181 0 1581892 1165348 1033150 132198 REPAIR AND MAINTENANCE 782673 782673 UTILITIES 345438 345258 180 JANITORIAL 321366 321366 PROGRAM EXPENSES 233629 233629 664705 660369 4336 9879296 7889825 349859 57720 2056509 2836241 6538786 6124865 34355 122230 331693 495921 0 0 250000 0 501018 158560 64451329 25508966 39937821 38942363 0 0 0 0 1420 49400182 48931600 247098 302151 89339 201964 60624703 52467999 21573549 508215 82534689 53480329 X -34760759 -5844666 1626252 1295937 -33134507 -4548729 49400182 48931600 28585778 X false true X true false X 222453 169126 2013770 63615 29506257 31975221 6134317 6838316 7794278 8492567 8760687 38020165 0 0 0 6356770 7007442 9808048 8556182 38266944 69995386 0 0 69995386 10890 11540 109333 173167 192350 497280 0 10890 11540 109333 173167 192350 497280 0 2925 4050 16995 5775 5780 35525 6370585 7023032 9934376 8735124 38465074 70528191 0.99240 0.99020 0.00710 0.00900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19097735 19097735 18050990 11290345 6760645 27229870 14157486 13072384 70020 58421 11599 2714 2714 38942363 Interest Payable 115750 Prepaid Rent Payable 16555 Tenant Security Deposits 375910 508215 X 38465074 38465074 38465074 9879296 9879296 9879296 Part X : FIN48 Footnote BHC IS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME AND STATE FRANCHISE TAXES UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE AND CORRESPONDING CALIFORNIA PROVISIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE. IN ADDITION, BHC HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509A OF THE CODE. UNDER FINANCIAL ACCOUNTING STANDARDS BOARD FASB ACCOUNTING STANDARDS CODIFICATION ASC TOPIC 740, INCOME TAXES, AN ORGANIZATION MUST ALSO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED MORE LIKELY THAN NOT TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS USING THE GUIDANCE OF FASB ASC TOPIC 250, CONTINGENCIES, AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT DECEMBER 31, 2021. false false false false false false false false false RAHA ARNOLD Director 179550 8977 3453 191980 SYLVIA MORENO Executive Dir. 197269 9863 207132 Form 990, Part VI, Section B, Line 11b THE DRAFT FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN BY THE BOARD'S AUDIT COMMITTEE. A DIGITAL COPY OF THE DRAFT FORM AND ANY RECOMMENDATIONS OR INPUT FROM THE AUDIT COMMITTEE ARE FORWARDED TO THE FULL BOARD. REVIEW AND APPROVAL OF THE 990 IS PLACED ON THE AGENDA OF A REGULAR OR SPECIAL MEETING OF THE BOARD, AND AN AFFIRMATIVE VOTE OF THE BOARD IS REQUIRED BEFORE FILING. Form 990, Part VI, Section B, Line 12c EACH DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AN ANNUAL CERTIFICATE OF COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THIS CERTIFICATE AFFIRMS THE READING AND UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY, LISTS THE AFFILIATION OF THE INDIVIDUAL AND CERTIFIES THAT THE INDIVIDUAL IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. CHANGES OF ASSOCIATIONS THAT OCCUR DURING THE YEAR ARE COMMUNICATED TO THE BOARD LIAISON FOR THE UPDATING OF THE ORGANIZTIONS CONFLICT OF INTEREST RECORDS. Form 990, Part VI, Section B, Line 15a THE SALARY AND COMPENSATION COMMITTEE OF THE BOARD SETS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE BOARD GATHERS INPUT FROM LOCAL AND NATIONAL NONPROFIT COMPENSATION SURVEYS, FROM FORM 990'S OF SIMILAR ORGANIZATIONS IN THEIR SERVICE AREA AND FROM COMPENSATION INFORMATION RECEIVED FROM MEMBER INDUSTRY ASSOCIATIONS. THE COMMITTEE'S RECOMMENDATIONS ARE INCORPORATED INTO THE PROPOSED YEARLY BUDGET AND REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 15b AS A PART OF THE ANNUAL BUDGET PROCESS, THE EXECUTIVE DIRECTOR ED PREPARES A PROPOSED SALARY PACKET FOR ALL EMPLOYEES, USING INFORMATION SIMILAR TO THAT UTILIZED IN SETTING THE ED'S SALARY. THIS PACKAGE IS REVIEWED AND MODIFIED BY THE SALARY AND COMPENSATION COMMITTEE AND PRESENTED TO THE FULL BOARD FOR APPROVAL. ANY APPROVED PERSONNEL ACTION IS DOCUMENTED IN EACH EMPLOYEES' PAYROLL FILE. OFFICERS OTHER THAN THE EXECUTIVE DIRECTOR AND DIRECTORY OF OPERATIONS DO NOT RECEIVE COMPENSATION. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THE 990 FORM IS ALSO AVAILABLE FOR DOWNLOAD ON THE ORGANIZATIONS WEBSITE. Part VIII Statement of Revenue-line 1e During 2025 Burbank Housing Corporation (BHC) was granted loan and interest forgiveness from the City of Burbank with an Amended & Restated Master Loan Agreement dated 1/14/25. Interest payable and certain HOME loans were completely forgiven. Authority loans have a 1/55th annual forgiveness.