SATELLITE SENIOR HOMES IV INC: Form 990EZ, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SATELLITE SENIOR HOMES IV INC (EIN 94-2914787)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2022-01-24
- IRS object ID
- 202230249349200528
- Schema version
- 2020v4.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-01-24T11:07:06-08:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 680199099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Spiteri Narasky & Daley LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3470 Mt Diablo Blvd Suite A300 | AddressLine1Txt |
| City | Lafayette | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94549 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2020-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942914787 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Satellite Senior Homes IV Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SATE | BusinessNameControlTxt |
| Phone | 5106470700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1835 Alcatraz Avenue | AddressLine1Txt |
| City | Berkeley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94703 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE HERMAN | PersonNm |
| Person Title | VP OF FINANCE | PersonTitleTxt |
| Signature | 2022-01-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STEVE | PersonFirstNm |
| Person Last | HERMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Claude A Persons | PreparerPersonNm |
| PTIN | P00011016 | PTIN |
| Phone | 9253762195 | 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 |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | www.sahahomes.org | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $65,561 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $57,350 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $8,211 | ProgramServiceRevenueAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $65,561 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $11,131 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $28,401 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $18,262 | OccupancyRentUtltsAndMaintAmt |
| Other Expenses Total | $3,674 | OtherExpensesTotalAmt |
| Total Expenses | $61,468 | TotalExpensesAmt |
| Excess Or Deficit For Year | $4,093 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances EOY | $4,093 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $682 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $177,211 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $177,893 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $173,800 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,093 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | To acquire, provide, develop, finance, rehabilitate, own, and operate decent, safe and sanitary housing affordable to persons and households of low income and, thereby, to lessen the burdens of government by developing, owning, and managing housing targeted to low income households. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | THE CORPORATION LEASES AND OPERATES 41 RESIDENTIAL RENTAL UNITS (ON 2 FLOORS) OF A PROPERTY OWNED BY THE CITY OF OAKLAND. THE UNITS ARE RENTED TO PERSONS EXPERIENCING HOMELESSNESS OR AT RISK OF HOMELESSNESS. RENT CHARGES, OPERATING METHODS AND OTHER MATTERS ARE REGULATED BY THE CALIFORNIA INTERAGENCY COUNCIL ON HOMELESSNESS AND CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT UNDER THE HOMELESS HOUSING ASSISTANCE AND PREVENTION PROGRAM AND THE HOMEKEY PROGRAM. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $54,958 | GrantsAndAllocationsAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $54,958 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (15 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| RON RIDLEY | ||
| Chairman | 0.10 | $0 |
| RAULY BUTLER | ||
| MEMBER | 0.10 | $0 |
| FRANCINE WILLIAMS | ||
| Secretary | 0.10 | $0 |
| SCOTT SMITH | ||
| Treasurer | 0.10 | $0 |
| ANTHONY BARRON | ||
| MEMBER | 0.10 | $0 |
| SAGE B FOSTER | ||
| MEMBER | 0.10 | $0 |
| DAVID GREENSFELDER | ||
| MEMBER | 0.10 | $0 |
| KAREN JACOBS | ||
| MEMBER | 0.10 | $0 |
| JOY MOORE | ||
| MEMBER | 0.10 | $0 |
| JAMES REILLY | ||
| MEMBER | 0.10 | $0 |
| ALFRED REYNOLDS | ||
| MEMBER | 0.10 | $0 |
| MIKE JACOB | ||
| MEMBER | 0.10 | $0 |
| SMITHA SESHADRI | ||
| VICE CHAIRMAN | 0.10 | $0 |
| SUSAN FREIDLAND | ||
| CEO | 0.10 | $0 |
| STEVE HERMAN | ||
| VP OF FINANCE | 0.10 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | Yes (true) | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | Yes (true) | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAHA PROPERTY MANAGEMENT | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1835 Alcatraz Ave | AddressLine1Txt |
| City | Berkeley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5106470700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $24,214 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year | $57,350 | CurrentTaxYearAmt |
| Total | $81,564 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $24,214 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year | $57,350 | CurrentTaxYearAmt |
| Total | $81,564 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $81,564 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $183,774 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $130,741 | CurrentTaxYearMinus3YearsAmt |
| Total | $314,515 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $396,079 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $8,211 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.20590 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68970 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests PY170 | Yes (X) | ThirtyThrPctSuprtTestsPY170Ind |
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 O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Expenses.1002 | Office Expenses $2856 |
| Other Expenses.1007 | Conferences, Conventions, and Meetings $135 |
| Other Expenses.1 | WORKERS COMP INSURANCE $378 |
| Other Expenses.2 | TENANT SERVICE EXPENSES $301 |
| Other Expenses.3 | ADMINISTRATIVE EXPENSES $4 |
| Other Assets.1005 | Accounts Receivable - Beginning $0 Accounts Receivable - Ending $12325 |
| Other Assets.1006 | Pledges and Grants Receivable - Beginning $0 Pledges and Grants Receivable - Ending $140762 |
| Other Assets.1011 | Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $23924 |
| Other Assets.1 | TENANT SECURITY DEPOSITS - Beginning $0 TENANT SECURITY DEPOSITS - Ending $200 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $11749 |
| Total Liabilities.1 | DUE TO AFFILIATE - SAHA PM - Beginning $0 DUE TO AFFILIATE - SAHA PM - Ending $157051 |
| Total Liabilities.2 | TENANT SECURITY DEPOSITS - Beginning $0 TENANT SECURITY DEPOSITS - Ending $5000 |
| Activities Not Previously Reported to the IRS | THE ORGANIZATION ENTERED INTO A LEASE AGREEMENT FOR 41 RESIDENTIAL RENTAL UNITS OWNED BY THE CITY OF OAKLAND AND A SEPARATE RELATED GRANT AGREEMENT WITH THE CITY OF OAKLAND IN JULY 2021. COMMENCING AUGUST 2021, THE ORGANIZATION BEGAN TO OPERATE AND MANAGE THE 41 RESIDENTIAL RENTAL UNITS LEASED FROM THE CITY OF OAKLAND. THE UNITS ARE RENTED TO THOSE EXPERIENCING HOMELESSNESS OR WHO ARE AT RISK OF HOMELESSNESS. UNDER THE TERMS OF THE GRANT AGREEMENT, RENT CHARGES, OPERATING METHODS AND OTHER MATTERS MUST COMPLY WITH REGULATIONS ISSUED BY THE CALIFORNIA INTERAGENCY COUNCIL ON HOMELESSNESS AND CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT UNDER THE HOMELESS HOUSING ASSISTANCE AND PREVENTION PROGRAM AND THE HOMEKEY PROGRAM. |
| Changes to Organizing or Governing Documents | Significant changes included in the Second Amended and Restated Articles of Incorporation file with the California Secretary of State on April 21, 201 include the following:ARTICLE 1: NAMEThe name of the corporation is Satellite Senior Homes IV, Inc. (the "Corporation").ARTICLE 2: PURPOSESection 2.3 The specific charitable purpose for which the Corporation is organized is to (1) acquire, provide, develop, finance, rehabilitate, own, and operate decent, safe and sanitary housing affordable to persons and households of low income; (2) lessen the burdens of government by developing, owning, and managing housing targeted to low income households; (3) administer affordable housing programs and the provision of related services to low income households who are seeking or receiving such affordable housing programs; (4) provide benefits, services, or incentives to landlords, owners, or property managers who rent to low-income households; (5) work to eliminate housing discrimination and prejudice; (6) promote social welfare through community-based activities and services targeted for low income households; (7) carry out such other activities as the board of directors of this Corporation determines will further this charitable purpose; (8) act through a wholly owned limited liability company owning and operating housing for the benefit of low income persons and households, as described in (1) above; and (9) serve, directly or through a wholly owned limited liability company, as a partner in limited partnerships which will own and operate housing for the benefit of low income persons and households, as described in (1) above.ARTICLE 5. DIRECTORSThe number of directors and the manner in which directors shall be chosen and removed from office, their qualifications, powers, duties, term of office, the manner of filling vacancies on the board of directors and the manner of calling and holding meetings of directors shall be as stated in the bylaws.Significant changes included in the First Amended and Restated Bylaws include the following:ARTICLE 1: NAMESection 1.1 Name of Corporation.The name of the corporation is Satellite Senior Homes IV, Inc. (the "Corporation").ARTICLE 6. DIRECTORSSection 6.1 Powers.Subject to the provisions and limitations of the California Nonprofit Public Benefit Corporation law and any other applicable law, the business and affairs of the Corporation shall be managed, and all corporate powers shall be exercised, by or under the direction of the Board.Without prejudice to the general powers set forth in these bylaws, but subject to the same limitations, the directors shall have the power to:(d)Borrow money and incur indebtedness on behalf of the Corporation and cause to be executed and delivered for the Corporation's purposes, in the corporate name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges, hypothecations, and other evidences of debt and securities; and(e) Construct, operate, maintain, improve, buy, sell, convey, assign, mortgage, or lease any real estate and personal property necessary and incident to the provision of housing for low and moderate income persons in accordance with the Corporation's charitable purpose.Section 6.2 Number of Directors.The authorized number of directors shall be determined from time to time by resolution of the Board, provided that there shall be not less than nine (9) nor more than eighteen (18) directors, each of whom shall be a natural person.Section 6.3 Qualifications of Directors.(a) The directors shall consist of all the members of the board of directors of Satellite Affordable Housing Associates, a California nonprofit public benefit corporation ("SAHA").(b) Restriction on Interested Directors. Not more than forty-nine percent (49%) of the persons serving on the Board of Directors at any time may be interested persons. An interested person is either:(1) any person compensated by the Corporation for services rendered to it within the previous twelve (12) months, whether as a full-time or part-time employee, independent contractor, or otherwise, excluding any reasonable compensation paid to a director as director; or(2) any brother, sister, ancestor, descendant, spouse, brother-in-law, sister-in-law, son-in-law, daughter-in-law, mother-in-law, or father-in-law of any such person. However, any violation of the provisions of this subsection (c) of Section 6.3 shall not affect the validity or enforceability of any transaction entered into by the Corporation.Section 6.4 Election and Term of Office of Directors.(a) Election. Each director of SAHA shall be automatically appointed to the board of directors of the Corporation. The election of each director of SAHA as a director of the Corporation shall be automatic and coterminous with the duration of time such person is a member of the SAHA board of directors.(b) Term. The term of all directors shall be equal to their corresponding term on the SAHA board of directors.Section 6.5 Compensation and Reimbursement of Directors.Directors shall not receive more than nominal compensation for attendance at meetings, and such nominal compensation shall be just and reasonable to the Corporation. In no event shall such nominal compensation be inconsistent with any applicable federal or state law or regulation governing payment of directors. Directors may also receive reimbursement for reasonable expenses incurred in the performance of their duties, as authorized by resolution of the Board.ARTICLE 8. OFFICERSSection 8.1 Officers.The Corporation shall have the following officers: Chair, Vice Chair, Secretary and Treasurer, and such other officers as the Board may designate by resolution. Any number of offices may be held by the same person except that neither the Secretary nor the Treasurer may serve concurrently as Chair. The Chair, Vice Chair, Secretary and Treasurer of the Corporation shall be the same persons occupying such respective offices of SAHA. The appointment of the Chair, Vice Chair, Secretary, and Treasurer of the Corporation shall be automatic and coterminous with the duration of time such person holds the respective office of SAHA.ARTICLE 12. MISCELLANEOUSSection 12.1 Fiscal YearThe fiscal year of the corporation shall be January 1 through December 31. |
Comments