2026-02-17T16:19:53-06:00 2025-03-31 333709623 COHNREZNICK ADVISORY LLC 301 CONGRESS AVENUE SUITE 2000 AUSTIN TX 78701 990 2024-04-01 710876762 GROVE PLACE PARTNERS GP INC DBA THE SAFE ALLIANCE AFFORDABLE HOUSING CORP GROV 5123561556 PO BOX 19454 AUSTIN TX 78760 JULIA SPANN EXECUTIVE DIRECTOR 5123561556 2026-02-17 1 1 MICHAEL S CELKIS P01296719 5124949100 2026-02-17 2024 2025-03-06 01:10:19Z JULIA SPANN PO BOX 19454 AUSTIN TX 78760 2681488 0 X WWW.SAFEAUSTIN.ORG X 2002 TX PROVIDING AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS 7 7 0 7 0 0 0 50000 2216040 2422053 56965 209435 0 0 2273005 2681488 0 0 0 0 369890 419330 0 0 0 2033956 2155056 2403846 2574386 -130841 107102 18306468 29074721 14159730 22278921 4146738 6795800 PROVIDING AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS 0 0 2567336 2422053 ENHANCING THE CREATION OF NEW HOUSING AND THE REHABILITATION OF EXISTING HOUSING IN NEIGHBORHOODS LOCATED IN TRAVIS COUNTY, WITH SPECIAL EMPHASIS PLACED ON CREATING RENTAL HOUSING FOR LOW-INCOME AND MODERATE-INCOME FAMILIES, PROMOTING AND CREATING PROGRAMS TOENCOURAGE HEALTH AND SOCIAL SERVICES IN LOW-INCOME AND MODERATE-INCOME NEIGHBORHOODS, PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME CLIENTS OF THE SAFE ALLIANCE AND CREATING A SAFE, STABLE ENVIRONMENT FOR FAMILIES TO REBUILD THEIR LIVES. 2567336 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 1 1 X JULIA SPANN 5129274741 PO BOX 19454 AUSTIN TX 78760 MICHAEL SIMONS BOARD CHAIR 1.00 0.00 X 0 0 0 DARILYN BIELER DIRECTOR 1.00 0.00 X 0 0 0 KRISTA DEL GALLO DIRECTOR 1.00 0.00 X 0 0 0 GRETCHEN ELLIS DIRECTOR 1.00 0.00 X 0 0 0 ANTONIO GARZA DIRECTOR 1.00 0.00 X 0 0 0 TAMARA KILNDT DIRECTOR 1.00 0.00 X 0 0 0 SOPHIA MAKRIS DIRECTOR 1.00 0.00 X 0 0 0 THOMASINA TIJERINA DIRECTOR 1.00 0.00 X 0 0 0 JULIA SPANN EXECUTIVE DIRECTOR 1.00 40.00 X 0 179402 22327 0 179402 22327 0 0 1 0 0 50000 50000 RENTAL INCOME 531390 2347953 2347953 OTHER INCOME 531390 74100 74100 2422053 209435 209435 2681488 2422053 0 209435 419330 419330 82627 82627 46672 46672 10242 10242 664091 664091 524558 524558 140443 140443 UTILITIES 289352 289352 GENERAL & ADMIN 200399 193349 7050 REPAIRS 140690 140690 BAD DEBT 54185 54185 1797 1797 2574386 2567336 7050 0 5053460 6506247 3120 1181873 38541 204981 19077371 7191212 11060440 11886159 253960 426645 1896947 8868816 18306468 29074721 109143 1392921 40699 14009914 19895803 40673 949498 14159730 22278921 X 3146738 6082274 1000000 713526 4146738 6795800 18306468 29074721 X 107102 2541960 X 0 1 X 0 0 X X 1 THE SAFE ALLIANCE 742320657 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4496636 4496636 14580735 7191212 7389523 11886159 ESCROWS 116770 RESERVES 1277719 SECURITY DEPOSITS 41316 OTHER ASSETS 399 CONSTRUCTION IN PROGRESS 7429012 DUE FROM AFFILIATE 3600 8868816 DUE TO AFFILIATE 949498 949498 X 2688245 0 2688245 -6757 -6757 2681488 2501783 5760 5760 2496023 78363 78363 2574386 PART IV, LINE 2B: AMOUNTS INCLUDED PART X, LINE 21 ARE RESTRICTED CASH AMOUNTS COMPRISED OF SECURITY DEPOSITS HELD IN TRUST FOR THE FUTURE BENEFIT OF TENANTS UPON MOVING OUT OF THE PROPERTY AS REQUIRED BY REGULATORY AUTHORITY. PART X, LINE 2: THE ORGANIZATION 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 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED MARCH 31,2025. DUE TO ITS TAX EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE SUBSIDIARY HAD ELECTED TO BE TREATED AS A PASS-THROUGH ENTITY FOR INCOME TAX PURPOSES AND, AS SUCH, WAS NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS WERE PASSED THROUGH TO AND ARE REPORTED BY ITS OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE SUBSIDIARY'S FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY WAS BASED ON ITS LEGAL STATUS AS A PARTNERSHIP. ACCORDINGLY, THE SUBSIDIARY WAS NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS A PASS-THROUGH ENTITY. THE SUBSIDIARY HAD BEEN REQUIRED TO FILE AND DID FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES IN PRIOR YEARS. ACCORDINGLY, THESE CONSOLIDATING FINANCIAL STATEMENTS DID NOT REFLECT A PROVISION FOR INCOME TAXES AND THE SUBSIDIARY HAD NO OTHER TAX POSITIONS COMPANY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2022 REMAIN OPEN. THE PASS-THROUGH ENTITIES HAVE BEEN DISREGARDED DURING THE CURRENT TAX YEAR AND WERE NOT REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. DISREGARDED ENTITIES LISTED ON SCHEDULE R PART 1, GROVE PLACE PARTNERS LIMITED, LLC AND GROVE PLACE PARTNERS, LTD BEGINNING APRIL 1, 2020, SAFE LANCASTER COURT, LLC BEGINNING APRIL 1, 2022, AND SAFE SASHA GP, LLC BEGINNING DECEMBER 18, 2024, ARE 100% OWNED BY GROVE PLACE PARTNERS GP, INC. AND ARE THEREFORE TAX EXEMPT IN THIS REPORTING PERIOD. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK TO TAX DIFFERENCE FOR GROVE PLACE PARTNERS, GP BOOK TO TAX DIFFERENCE FOR GROVE PLACE PARTNERS, LTD. -3,013. BOOK TO TAX DIFFERENCE FOR THE SASHA, LP -3,744. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK TO TAX DIFFERENCE FOR THE SASHA, LP 5,760. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK TO TAX DIFFERENCE FOR GROVE PLACE PARTNERS, LTD. 78,363. 0 0 0 0 0 0 0 0 0 JULIA SPANN EXECUTIVE DIRECTOR 0 179402 0 0 0 0 0 13660 0 8667 0 201729 0 0 FORM 990, PART VI, SECTION A, LINE 7A SECTION 2.4 OF THE BYLAWS SAY THAT THE BOARD OF DIRECTORS OF GROVE PLACE PARTNERS GP, INC. SHALL BE ELECTED BY THE BOARD OF DIRECTORS OF THE SAFE ALLIANCE. UNDER ARTICLE II OF THE BYLAWS, THE BOARD OF DIRECTORS OF THE SAFE ALLIANCE ALSO HAS THE POWER TO REMOVE AND REPLACE DIRECTORS OF GROVE PLACE PARTNERS GP, INC. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE VI OF THE RESTATED CERTIFICATE OF FORMATION (NUMBERS 9 AND 10 OF THE LAST PARAGRAPH) PROVIDES THAT NEITHER THE CERTIFICATE OF FORMATION OR THE BYLAWS OF GROVE PLACE PARTNERS GP, INC. MAY BE AMENDED WITHOUT THE PRIOR APPROVAL OF THE SAFE ALLIANCE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PROVIDED TO THE BOARD AND REVIEWED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH ARTICLE VII OF THE GROVE PLACE BYLAWS, AN ANNUAL PROCEDURE WILL BE FOLLOWED TO RECORD ANY POSSIBLE OR REAL CONFLICTS OF INTEREST. A COPY OF THIS POLICY IS TO BE SIGNED BY ALL INCOMING BOARDMEMBERS PRIOR TO THEIR FIRST BOARD MEETING AND BY EXISTING BOARD MEMBERS WITHIN 30 DAYS OF THIS DOCUMENT BEING APPROVED BY THE BOARD. THE SIGNED DOCUMENTS WILL BE STORED FOR A PERIOD OF SEVEN YEARS OR UNTIL THE BOARD TERM RENEWS OR EXPIRES. SHOULD THIS DOCUMENT BE AMENDED, BOARD MEMBERS WILL BE ASKED TO SIGN THE AMENDED DOCUMENT WITHIN 30 DAYS OF THE AMENDMENT BEING APPROVED BY THE BOARD. FULL DISCLOSURE, BY NOTICE IN WRITING, WILL BE MADE BY THE BOARD MEMBER TO THE FULL BOARD OF DIRECTORS OF ANY PERCEIVED CONFLICTS OF INTEREST. A BOARD MEMBER, OFFICER, OR STAFF MEMBER WILL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD OF DIRECTORS, OR OF ANY COMMITTEE OR SUBCOMMITTEE THEREOF, IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. HOWEVER, THEY MAY BE PRESENT TO PROVIDE CLARIFYING INFORMATION IN SUCH A DISCUSSION OR DEBATE UNLESS OBJECTED TO BY ANY PRESENT BOARD MEMBER. ALL BOARD MEMBERS WILL SIGN A STANDARD OF CONDUCT POLICY FORM. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, GROVE PLACE PARTNERS GP, INC. WILL MAKE GOVERNING DOCUMENTS, POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: GROVE PLACE PARTNERS LTD AUDIT ELIM ENTRY GROVE PLACE PARTNER LTD BOOK TO TAX DIFFERENCES: ITEMS OF INCOME 79,360. BOOK TO TAX DIFFERENCES RELATED TO SASHA LP: RETURN OWNERSHIP NOT CONSOLIDATED FOR TAX PURPOSES, BUT FOR BOOK PURPOSES 2,462,600. GROVE PLACE PARTNERS LIMITED LLC 1515A GROVE BOULEVARD AUSTIN TX 78741 APARTMENT RENTALS TX GROVE PLACE PARTNERS GP INC GROVE PLACE PARTNERS LTD 1551 GROVE BLVD AUSTIN TX 78741 352178404 APARTMENT RENTALS TX -142185 10462795 GROVE PLACE PARTNERS GP INC SAFE LANCASTER COURT LLC 1515-A GROVE BOULEVARD AUSTIN TX 78741 APARTMENT RENTALS TX 28671 8548772 GROVE PLACE PARTNERS GP INC SAFE SASHA GP LLC 1515A GROVE BOULEVARD AUSTIN TX 78741 APARTMENT RENTALS TX 0 289 GROVE PLACE PARTNERS GP INC THE SAFE ALLIANCE FACILITIES HOLDINGS PO BOX 19454 AUSTIN TX 78760 741977853 SUPPORT TX 501(C)(3) LINE 12A, I N/A 0 THE SAFE ALLIANCE PO BOX 19454 AUSTIN TX 78760 742320657 ENDING ABUSE AND SERVING VICTIMS OF ABUSE TX 501(C)(3) LINE 7 N/A 0 SAFE ALLIANCE FOUNDATION PO BOX 19454 AUSTIN TX 78760 742638204 SUPPORT SAFE ORGANIZATIONS TX 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0