ABBEY ROAD INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: ABBEY ROAD INC (EIN 36-4655203)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-13
IRS object ID: 202221339349305807
Schema version: 2020v4.2
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 M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-13T14:17:47-05:00	ReturnTs
Tax Period End	2021-06-30	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	2020-07-01	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	2022-05-13	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	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	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	$1,539,247	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	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$62,512	PYContributionsGrantsAmt
CY Contributions Grants	$247,156	CYContributionsGrantsAmt
PY Program Service Revenue	$292,884	PYProgramServiceRevenueAmt
CY Program Service Revenue	$772,653	CYProgramServiceRevenueAmt
PY Investment Income	$16,309	PYInvestmentIncomeAmt
CY Investment Income	$12,954	CYInvestmentIncomeAmt
PY Other Revenue	$606,645	PYOtherRevenueAmt
CY Other Revenue	$506,484	CYOtherRevenueAmt
PY Total Revenue	$978,350	PYTotalRevenueAmt
CY Total Revenue	$1,539,247	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	$324,153	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$524,343	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$433,049	PYOtherExpensesAmt
CY Other Expenses	$622,942	CYOtherExpensesAmt
PY Total Expenses	$757,202	PYTotalExpensesAmt
CY Total Expenses	$1,147,285	CYTotalExpensesAmt
PY Revenues Less Expenses	$221,148	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$391,962	CYRevenuesLessExpensesAmt
Total Assets BOY	$10,954,885	TotalAssetsBOYAmt
Total Assets EOY	$5,438,063	TotalAssetsEOYAmt
Total Liabilities BOY	$12,464,846	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$6,556,062	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$1,509,961	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$1,117,999	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	$1,147,285	ExpenseAmt
Revenue	$1,292,091	RevenueAmt
Desc	RENTAL AND DEVELOPMENT ACTIVITIES - IDENTIFYING, DEVELOPING, AND OPERATING PROPERTY FOR LOW INCOME, TRANSITIONAL AND PERMANENT HOUSING, ABBEY ROAD WHOLLY OWNS 8 PROPERTIES AND HOLDS A GENERAL PARTNER INTEREST IN 6 PROPERTIES TOTALING 623 UNITS	Desc
Total Program Service Expenses	$1,147,285	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	0	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	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	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
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
SYLVIA RUIZ
SECRETARY	0.50		Yes (X)	Yes (X)	$0	$0	$0
DEBORAH KERR ORLIK
ASSISTANT SECRETARY & TREASURER	0.50		Yes (X)	Yes (X)	$0	$0	$0
JAMES OCON
BOARD MEMBER	0.50	1.00	Yes (X)		$0	$0	$0
REV FRED MORRIS
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0
LOIS STARR
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0
JOANNE YOKOTA
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0
OLGA MORETTI
BOARD MEMBER	0.50		Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$247,156	AllOtherContributionsAmt
Noncash Contributions	$238,877	NoncashContributionsAmt
Total Contributions	$247,156	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DEVELOPER FEE INCOME	531390	$749,074	$749,074
PARTNERSHIP MANAGEMENT	531390	$23,579	$23,579

Field	Value	IRS element (for citing)
Total Program Service Revenue	$772,653	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,954	TotalRevenueColumnAmt
Related Or Exempt Func Income	$12,954	RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$175,312	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	$175,312	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$175,312	TotalRevenueColumnAmt
Related Or Exempt Func Income	$175,312	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	DEVELOPMENT REIMBURSEM	Desc
Business	531390	BusinessCd
Total Revenue Column	$331,172	TotalRevenueColumnAmt
Related Or Exempt Func Income	$331,172	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$331,172	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,539,247	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,292,091	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$462,209	TotalAmt
Program Services	$462,209	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$26,812	TotalAmt
Program Services	$26,812	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$35,322	TotalAmt
Program Services	$35,322	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,567	TotalAmt
Program Services	$2,567	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$48,266	TotalAmt
Program Services	$48,266	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,547	TotalAmt
Program Services	$1,547	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,562	TotalAmt
Program Services	$15,562	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$63,122	TotalAmt
Program Services	$63,122	ProgramServicesAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,335	TotalAmt
Program Services	$1,335	ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$141	TotalAmt
Program Services	$141	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$94,552	TotalAmt
Program Services	$94,552	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	$8,784	TotalAmt
Program Services	$8,784	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
REPAIRS AND MAINTENANCE	$193,872	$193,872
IN KIND EXPENSE	$122,429	$122,429
REAL ESTATE TAXES	$4,752	$4,752
WORKERS' COMPENSATION	$3,401	$3,401

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,178	TotalAmt
Program Services	$2,178	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,147,285	TotalAmt
Program Services	$1,147,285	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$156,846	BOYAmt
EOY	$332,950	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$40,454	BOYAmt
EOY	$6,512	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$3,502,038	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,165,967	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$6,811,505	BOYAmt
EOY	$2,336,071	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$168,797	BOYAmt
EOY	$204,210	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$3,777,283	BOYAmt
EOY	$2,558,320	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$10,954,885	BOYAmt
EOY	$5,438,063	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$100,442	BOYAmt
EOY	$36,186	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$12,364,339	BOYAmt
EOY	$6,519,675	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$65	BOYAmt
EOY	$201	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$12,464,846	BOYAmt
EOY	$6,556,062	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	-$1,509,961	BOYAmt
EOY	-$1,117,999	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$1,509,961	BOYAmt
EOY	-$1,117,999	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$10,954,885	BOYAmt
EOY	$5,438,063	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$391,962	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	$1,084,719	OtherCostOrOtherBasisAmt
Book Value	$1,084,719	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,417,319	OtherCostOrOtherBasisAmt
Depreciation	$1,165,967	DepreciationAmt
Book Value	$1,251,352	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,336,071	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDesc	Book ValueBookValueAmt
LOAN RECEIVABLE - 44000 SAHUAYO STR	$430,000
PREDEVELOPMENT AND CONSTRUCTION REL	$870,187
DUE FROM MOONLIGHT VILLAS, LP	$123,794
DEVELOPER FEES RECEIVABLE	$1,082,667
INTEREST RECEIVABLE - 44000 SAHUAYO	$51,672

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$2,558,320	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT IN OPERATING PARTNERSHIPS	Desc
Amt	$201	Amt

Field	Value	IRS element (for citing)
Total Liability	$201	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,539,247	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$1,539,247	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,539,247	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,147,149	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$1,147,149	ExpensesSubtotalAmt
Other Expenses Not Included	$136	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$136	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,147,285	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 136.

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	FURNITURE AND FURNISHINGS	142	$122,429	FMV
Yes (X)	EXPENSES PAID BY PENNY LANE CENTERS	5	$116,448	FMV

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 (3 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
IMAGINE VILLAGE II LP
15305 RAYEN STREET	NORTH HILLS	CA	91343	843547340	RENTAL REAL ESTATE	CA	$0	$1,112,647	ABBEY ROAD INC
THE RIGBY LP
15305 RAYEN STREET	NORTH HILLS	CA	91343	874111695	RENTAL REAL ESTATE	CA	$0	$109,715	ABBEY ROAD INC
THE MAIN LP
15305 RAYEN STREET	NORTH HILLS	CA	91343		RENTAL REAL ESTATE	CA	$0	$22,825	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 (6 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	-$98	$1,322	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		$501	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	-$11	$319	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	-$27	$537	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		$323	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		$314	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	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (10 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
PENNY LANE CENTERS
E	$448,990	AT COST
PENNY LANE CENTERS
J	$0	FMV
PENNY LANE CENTERS
D	$0	AT COST
PENNY LANE CENTERS
H	$0	FMV
INTEREST INCOME - 44000 SAHUAYO STREET LP
A	$12,900	FMV
DEVELOPER FEE - MOONLIGHT VILLAS LP
L	$55,000	FMV
DEVELOPER FEE - 44000 SAHUAYO LP
L	$245,000	FMV
DEVELOPER FEE - METAMORPHOSIS ON FOOTHILL LP
L	$258,741	FMV
DEVELOPER FEE - SUN COMMONS LP
L	$183,333	FMV
DEVELOPMENT REIMBURSEMENTS - SUN COMMONS LP
L	$298,481	FMV