2022-01-24T11:07:06-08:00 2021-09-30 680199099 Spiteri Narasky & Daley LLP 3470 Mt Diablo Blvd Suite A300 Lafayette CA 94549 990EZ 2020-10-01 942914787 Satellite Senior Homes IV Inc SATE 5106470700 1835 Alcatraz Avenue Berkeley CA 94703 STEVE HERMAN VP OF FINANCE 2022-01-19 true STEVE HERMAN 999009999 Claude A Persons P00011016 9253762195 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z X X www.sahahomes.org X X 65561 X 57350 8211 0 0 0 0 65561 11131 28401 18262 3674 61468 4093 4093 X 682 177211 0 177893 173800 0 4093 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. 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. 54958 54958 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 X true true false false false false false 0 0 0 false 0 0 false CA SAHA PROPERTY MANAGEMENT 1835 Alcatraz Ave Berkeley CA 94703 5106470700 false false false false false false false false false false false NONE NONE true X 24214 57350 81564 0 0 24214 57350 81564 0 81564 183774 130741 314515 0 0 396079 8211 0.20590 0.68970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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.