ABBEY ROAD INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: ABBEY ROAD INC (EIN 36-4655203)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2023-05-12
IRS object ID: 202341329349309614
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-05-12T17:39:57-05:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	351750664	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DAUBY O'CONNOR & ZALESKI LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 CONGRESSIONAL BLVD 300	AddressLine1Txt
City	CARMEL	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46032	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	364655203	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ABBEY ROAD INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ABBE	BusinessNameControlTxt
Phone	8188923423	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15305 RAYEN STREET	AddressLine1Txt
City	NORTH HILLS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91343	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BERNIE LAFIANZA	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	8188923423	PhoneNum
Signature	2023-05-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BERNIE	PersonFirstNm
Person Last	LAFIANZA	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LUCAS AUTRY	PreparerPersonNm
PTIN	P01589961	PTIN
Phone	3178485700	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BERNIE LAFIANZA	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15305 RAYEN STREET	AddressLine1Txt
City	NORTH HILLS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91343	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,163,980	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2009	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	ABBEY ROAD ("ABBEY") IS A NONPROFIT AFFORDABLE HOUSING DEVELOPMENT ORGANIZATION THAT WAS CREATED TO SUPPORT PENNY LANE CENTERS.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$247,156	PYContributionsGrantsAmt
CY Contributions Grants	$169,006	CYContributionsGrantsAmt
PY Program Service Revenue	$772,653	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,394,054	CYProgramServiceRevenueAmt
PY Investment Income	$12,954	PYInvestmentIncomeAmt
CY Investment Income	$171,479	CYInvestmentIncomeAmt
PY Other Revenue	$506,484	PYOtherRevenueAmt
CY Other Revenue	$38,274	CYOtherRevenueAmt
PY Total Revenue	$1,539,247	PYTotalRevenueAmt
CY Total Revenue	$1,772,813	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$524,343	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$523,025	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$622,942	PYOtherExpensesAmt
CY Other Expenses	$780,757	CYOtherExpensesAmt
PY Total Expenses	$1,147,285	PYTotalExpensesAmt
CY Total Expenses	$1,303,782	CYTotalExpensesAmt
PY Revenues Less Expenses	$391,962	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$469,031	CYRevenuesLessExpensesAmt
Total Assets BOY	$5,438,063	TotalAssetsBOYAmt
Total Assets EOY	$9,103,681	TotalAssetsEOYAmt
Total Liabilities BOY	$6,556,062	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$9,752,649	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$1,117,999	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$648,968	NetAssetsOrFundBalancesEOYAmt
Mission	ABBEY ROAD'S MISSION IS TO FOSTER HOPES AND DREAMS BY DEVELOPING SAFE, AFFORDABLE HOUSING ENVIRONMENTS FOR CHILDREN, ADULTS AND FAMILIES TO BUILD BRIGHTER FUTURES AND STRENGTHEN COMMUNITIES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,303,782	ExpenseAmt
Revenue	$1,603,807	RevenueAmt
Desc	RENTAL AND DEVELOPMENT ACTIVITIES - IDENTIFYING, DEVELOPING, AND OPERATING PROPERTY FOR LOW INCOME, TRANSITIONAL AND PERMANENT HOUSING, ABBEY ROAD WHOLLY OWNS 7 PROPERTIES AND HOLDS A GENERAL PARTNER INTEREST IN 7 PROPERTIES TOTALING 623 UNITS	Desc
Total Program Service Expenses	$1,303,782	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	6	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BERNIE LAFIANZA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8188923423	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15305 RAYEN STREET	AddressLine1Txt
City	NORTH HILLS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91343	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ANNICK HAMON
PRESIDENT	0.50	1.00	Yes (X)	Yes (X)	$0	$0	$0
IVELISE MARKOVITS
VICE PRESIDENT	0.50	40.00	Yes (X)	Yes (X)	$0	$0	$0
DEBORAH KERR ORLIK
SECRETARY	0.50		Yes (X)	Yes (X)	$0	$0	$0
JOANNE YOKOTA
TREASURER	0.50		Yes (X)	Yes (X)	$0	$0	$0
SYLVIA RUIZ
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0
JAMES OCON
BOARD MEMBER	0.50	1.00	Yes (X)		$0	$0	$0
LOIS STARR
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0
OLGA MORETTI
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0
MAURA JOHNSON
DIRECTOR OF HOUSING SERVICES	40.00				$177,325	$1,320	$14,651	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$177,325	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$1,320	TotReportableCompRltdOrgAmt
Total Other Compensation	$14,651	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$169,006	AllOtherContributionsAmt
Noncash Contributions	$119,006	NoncashContributionsAmt
Total Contributions	$169,006	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DEVELOPER FEE INCOME	531390	$1,374,567	$1,374,567
PARTNERSHIP MANAGEMENT	531390	$19,487	$19,487

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,394,054	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,963	TotalRevenueColumnAmt
Related Or Exempt Func Income	$12,963	RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$25,626	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$25,626	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,626	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,626	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$549,683	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$391,167	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$158,516	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$158,516	TotalRevenueColumnAmt
Related Or Exempt Func Income	$158,516	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	531390	BusinessCd
Total Revenue Column	$12,648	TotalRevenueColumnAmt
Related Or Exempt Func Income	$12,648	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$12,648	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,772,813	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,603,807	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$459,723	TotalAmt
Program Services	$459,723	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$33,165	TotalAmt
Program Services	$33,165	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$30,137	TotalAmt
Program Services	$30,137	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$5,663	TotalAmt
Program Services	$5,663	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$18,885	TotalAmt
Program Services	$18,885	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$2,393	TotalAmt
Program Services	$2,393	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$63,848	TotalAmt
Program Services	$63,848	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$86,862	TotalAmt
Program Services	$86,862	ProgramServicesAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,332	TotalAmt
Program Services	$1,332	ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$448	TotalAmt
Program Services	$448	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$95,453	TotalAmt
Program Services	$95,453	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$60,434	TotalAmt
Program Services	$60,434	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$9,900	TotalAmt
Program Services	$9,900	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
INVESTMENT LOSS FROM OP	$271,943	$271,943
REPAIRS AND MAINTENANCE	$152,368	$152,368
REAL ESTATE TAXES	$4,471	$4,471
WORKERS' COMPENSATION	$3,614	$3,614

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,143	TotalAmt
Program Services	$3,143	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,303,782	TotalAmt
Program Services	$1,303,782	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$332,950	BOYAmt
EOY	$577,081	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,512	BOYAmt
EOY	$15,999	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$6,479,538	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,226,401	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,336,071	BOYAmt
EOY	$5,253,137	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
EOY	$99,618	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$204,210	BOYAmt
EOY	$239,595	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$2,558,320	BOYAmt
EOY	$2,918,251	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,438,063	BOYAmt
EOY	$9,103,681	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$36,186	BOYAmt
EOY	$46,985	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$6,519,675	BOYAmt
EOY	$9,433,543	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$201	BOYAmt
EOY	$272,121	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,556,062	BOYAmt
EOY	$9,752,649	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$1,117,999	BOYAmt
EOY	-$648,968	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$1,117,999	BOYAmt
EOY	-$648,968	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,438,063	BOYAmt
EOY	$9,103,681	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$469,031	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consol And Sep Basis Fincl Stmt	Yes (X)	ConsolAndSepBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	Yes (X)	SupportingOrganization509a3Ind
Supporting Org Type1	Yes (X)	SupportingOrgType1Ind
IRS Written Determination	Yes (X)	IRSWrittenDeterminationInd
Supported Organizations	1	SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	PENNY LANE CENTERS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
EIN	952633765	EIN
Organization Type	7	OrganizationTypeCd
Governing Document Listed	Yes (1)	GoverningDocumentListedInd
Support	$0	SupportAmt
Other Support	$0	OtherSupportAmt

Field	Value	IRS element (for citing)
Supported Organizations Total	1	SupportedOrganizationsTotalCnt
Support Sum	$0	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

Field	Value	IRS element (for citing)
Listed By Name Governing Doc	Yes (1)	ListedByNameGoverningDocInd
Suprt Org No IRS Determination	0	SuprtOrgNoIRSDeterminationInd
Supported Org Section C456	0	SupportedOrgSectionC456Ind
Supported Org Not Organized US	0	SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org	0	OrganizationChangeSuprtOrgInd
Support Non Supported Org	0	SupportNonSupportedOrgInd
Payment Substantial Contribtr	0	PaymentSubstantialContribtrInd
Loan Disqualified Person	0	LoanDisqualifiedPersonInd
Controlled Disqualified Prsn	0	ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int	0	DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int	0	DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules	0	ExcessBusinessHoldingsRulesInd
Contribution Controller	0	ContributionControllerInd
Contribution Family	0	ContributionFamilyInd
Contribution35 Controlled	0	Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

Field	Value	IRS element (for citing)
Power Appoint Majority Dir Trst	Yes (1)	PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org	0	OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,062,219	OtherCostOrOtherBasisAmt
Book Value	$4,062,219	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,417,319	OtherCostOrOtherBasisAmt
Depreciation	$1,226,401	DepreciationAmt
Book Value	$1,190,918	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$5,253,137	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDesc	Book ValueBookValueAmt
LOAN RECEIVABLE - 44000 SAHUAYO STR	$430,000
PREDEVELOPMENT AND CONSTRUCTION REL	$740,292
DUE FROM MOONLIGHT VILLAS, LP	$123,794
DEVELOPER FEES RECEIVABLE	$1,559,593
INTEREST RECEIVABLE - 44000 SAHUAYO	$64,572

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$2,918,251	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT IN OPERATING PARTNERSHIPS	Desc
Amt	$272,121	Amt

Field	Value	IRS element (for citing)
Total Liability	$272,121	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,772,813	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$1,772,813	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,772,813	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,031,839	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$1,031,839	ExpensesSubtotalAmt
Other Expenses Not Included	$271,943	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$271,943	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,303,782	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND HAS BEEN CLASSIFIED AS OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. EVEN THOUGH THE CORPORATION IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). THE CORPORATION EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN TAX MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLE ESTIMABLE. AS OF THE PRIOR AND CURRENT YEAR FISCAL YEAR ENDS, THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

INVESTMENT LOSS FROM OPERATING PARTNERSHIPS 271,943.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	MAURA JOHNSON	PersonNm
Title	DIRECTOR OF HOUSING SERVICES	TitleTxt
Base Compensation Filing Org	$177,325	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$1,320	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$653	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$13,998	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$191,976	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$1,320	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	EXPENSES PAID BY PENNY LANE CENTERS	Desc
Contribution	24	ContributionCnt
Noncash Contributions Rpt F990	$119,006	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE CFO PRESENTS THE FORM 990 AND AUDIT TO THE BOARD FOR THEIR REVIEW, DISCUSSION AND APPROVAL. THEN IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUAL STATEMENTS ARE SIGNED BY DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 15	PART VI, QUESTIONS 15(A) AND (B) WERE ANSWERED NO AS THERE WERE NO OFFICERS OR KEY EMPLOYEES AS DEFINED IN FORM 990 INSTRUCTIONS BEING COMPENSATED.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PAGE 12, PART XII, LINE 2C:	OVERVIEW OF AUDIT FUNCTION THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
THE RIGBY LP
15305 RAYEN STREET	NORTH HILLS	CA	91343	874111695	RENTAL REAL ESTATE	CA	$0	$3,956,985	ABBEY ROAD INC
THE MAIN LP
15305 RAYEN STREET	NORTH HILLS	CA	91343		RENTAL REAL ESTATE	CA	$0	$107,209	ABBEY ROAD INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Direct Controlling NADirectControllingNACd	Controlled OrganizationControlledOrganizationInd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
PENNY LANE CENTERS
15305 RAYEN STREET	NORTH HILLS	CA	91343	952633765	COMMUNITY YOUTH & FAMILY SUPPORT	CA	501(C)(3)	LINE 7	N/A	0
COME TOGETHER PROPERTY MANAGEMENT LLC
15305 RAYEN STREET	NORTH HILLS	CA	91343	473316468	PROPERTY MANAGEMENT	CA	501(C)(3)	LINE 12A, I		0	PENNY LANE CENTERS

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct
44000 SAHUAYO STREET LP
1149 S HILL STREET SUITE 700	LOS ANGELES	CA	90015	320508594	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A	-$77	$1,290	0	Yes (1)	0.00010
I YAM WHAT I YAM LP
6330 VARIEL AVE STE 201	WOODLAND HILLS	CA	91367	461892538	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A	-$7	$494	0	Yes (1)	0.00010
MID CELIS APARTMENTS LP
800 SOUTH FIGUEROA ST SUITE 1270	LOS ANGELES	CA	90017	452921173	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A	-$6	$309	0	Yes (1)	0.00010
MOONLIGHT VILLAS LP
800 SOUTH FIGUEROA ST SUITE 1270	LOS ANGELES	CA	90017	800876827	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A	-$271,825	$532	0	Yes (1)	0.00010
METAMORPHOSIS ON FOOTHILL LP
11739 VICTORY BLVD	LOS ANGELES	CA	91606	822111184	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A	-$23	$376	0	Yes (1)	0.00000
SUN COMMONS LP
6329 N CLYBOURN AVE	NORTH HOLLYWOOD	CA	91606	833993976	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A			0	Yes (1)	0.00010
IMAGINE VILLAGE II LP
15305 RAYEN STREET	NORTH HILLS	CA	91343	843547340	RENTAL REAL ESTATE	CA	ABBEY ROAD INC	N/A		$482	0	Yes (1)	0.00010

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (1)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (1)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	Yes (1)	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	Yes (1)	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	Yes (1)	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (1)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (8 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
PENNY LANE CENTERS
E	$208,164	AT COST
PENNY LANE CENTERS
J	$25,626	FMV
PENNY LANE CENTERS
D	$0	AT COST
INTEREST INCOME - 44000 SAHUAYO STREET LP
A	$12,900	FMV
DEVELOPER FEE - SUN COMMONS LP
L	$623,334	FMV
DEVELOPER FEE - IMAGINE VILLAGE II
L	$669,900	FMV
GAIN ON DISPOSAL - IMAGINE VILLAGE II
R	$158,516	AT COST
PENNY LANE CENTERS
H	$3,350,000	AT COST