2021-11-15T14:43:30-06:00 2020-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 E OCEAN BLVD SUITE 600 LONG BEACH CA 90802 990 2020-01-01 461897606 COMMUNITY ART STABILIZATION TRUST COMM 4155569888 70 OTIS STREET SAN FRANCISCO CA 94103 MOY ENG CEO 4155569888 2021-11-15 1 MOY ENG 999009999 BRYAN HUNG P01553971 5624329482 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MOY ENG 70 OTIS STREET SAN FRANCISCO CA 94103 4060537 0 X HTTP://CAST-SF.ORG X 2013 CA PURCHASING AND LEASING SPACE FOR THE EXCLUSIVE USE OF NONPROFIT ARTS ORGANIZATIONS SERVING LOW INCOME COMMUNITIES. 7 7 9 0 0 0 881735 2702536 129460 941092 215907 278641 -197473 -175763 1029629 3746506 300000 0 0 0 717407 852707 0 0 147849 640527 167698 1657934 1020405 -628305 2726101 21790790 27402808 87647 2797266 21703143 24605542 TO CREATE STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS TO FACILITATE EQUITABLE URBAN TRANSFORMATION. 0 0 747551 0 1025296 COMMUNITY ART STABILIZATION TRUST CREATES STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL PROPERTIES FOR PURCHASE, MASTER LEASING, AND IMPLEMENTING COMPLEMENTARY INITIATIVES WHICH BUILD KNOWLEDGE AND CAPABILITY OF ARTS ORGANIZATIONS TO MAKE THOUGHTFUL, INFORMED DECISIONS REGARDING REAL ESTATE MATTERS. INITIATIVES INCLUDE THE KEEPING SPACE - OAKLAND PROGRAM WHICH PROVIDES TECHNICAL ASSISTANCE, NETWORKING OPPORTUNITIES, RESEARCH AND LIMITED RE-GRANTING FUNDS SUPPORTING ARTS ORGANIZATION'S EFFORTS TO FIND, SECURE AND MANAGE LONG-TERM REAL ESTATE PROJECTS. 747551 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 16 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 CA X OWEN LEVIN 4155569888 70 OTIS STREET SAN FRANCISCO CA 94103 X ERIC RODENBECK DIRECTOR 1.00 X 0 0 0 JOSHUA SIMON TREASURER 1.00 X X 0 0 0 SHELLEY TROTT DIRECTOR 1.00 X 0 0 0 DEBORAH CULLINAN SECRETARY 1.00 X X 0 0 0 STEVEN OLIVER BOARD PRESIDENT 1.00 X X 0 0 0 JIM BILDNER DIRECTOR 1.00 X 0 0 0 BRADY FORREST DIRECTOR 1.00 X 0 0 0 MOY ENG CEO 40.00 X 247235 0 0 247235 0 0 1 0 1 0 0 95117 2607419 2702536 DEVELOPER FEE 531390 537100 537100 REIMBURSEMENT INCOME 561000 383492 383492 CONSULTING FEE 541900 20500 20500 941092 278641 259967 18674 138268 314031 -175763 -175763 -175763 3746506 1025296 0 18674 247235 173683 35355 38197 469542 329853 67144 72545 87981 61807 12581 13593 47949 33684 6857 7408 44511 26515 16434 1562 58313 34736 21530 2047 -145645 -86759 -53774 -5112 73717 52568 11382 9767 25920 18483 4002 3435 617 441 95 81 4125 2942 637 546 84984 84984 1860 1860 17490 12472 2701 2317 ORGANIZATIONAL EXPENSES 1806 282 61 1463 1020405 747551 125005 147849 4068341 4341943 1317059 300000 114235 574553 14931867 20622431 1146318 1357165 0 212970 206716 21790790 27402808 87647 377891 0 2419375 87647 2797266 X 16196246 16572698 5920395 8032844 21703143 24605542 21790790 27402808 X 2726101 176298 X X 0 1 X 1 0 X 1735400 4237214 6651047 881735 2607419 16112815 1735400 4237214 6651047 881735 2607419 16112815 1586222 14526593 8142 9573 39038 159653 211517 427923 103750 68725 73740 37000 20500 303715 16844453 2182596 0.86240 0.77980 X SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: 2016 CONSULTING: $ 103,750 2017 CONSULTING: $ 68,725 2018 CONSULTING: $ 12,200 OTHER INCOME: $ 50,000 MISCELLANEOUS: $ 11,540 2019 CONSULTING: $ 37,000 2020 CONSULTING: $ 20,500 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CV DEBT ISSUANCE COST -30625 CV LOANS PAYABLE 2450000 2419375 3920944 -17390 -17390 3938334 -191828 -191828 3746506 1018545 0 1018545 1860 1860 1020405 PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK-TAX DIFFERENCE FOR NET RENTAL (INCOME) LOSS - CAST 1007 MARKET, LLC -6,476. BOOK-TAX DIFFERENCE FOR NET RENTAL (INCOME) LOSS - CAST 80 TURK, LLC -6,648. BOOK-TAX DIFFERENCE FLOW THROUGH (INCOME) LOSS - CAST POWERHOUSE MANAGER LLC -4,266. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK-TAX DIFFERENCE FOR GRANT REVENUE -2,941. BOOK-TAX DIFFERENCE FOR SUSPENDED LOSSES -188,887. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION 1,860. 1 PART I, LINE 2: KEEPING SPACE - OAKLAND IS COMMUNITY ART STABILIZATION TRUST'S ("CAST") PILOT PROGRAM DEDICATED TO PROVIDING TRAINING AND FUNDING FOR OAKLAND ARTS AND CULTURAL ORGANIZATIONS SEEKING REAL ESTATE ASSISTANCE. WITH DIRECT FINANCIAL GRANTS, ONE-ON-ONE TECHNICAL ASSISTANCE, AND REAL ESTATE READINESS TRAINING, CAST'S GOAL IS TO PROVIDE SAFE, STABLE, PERMANENT, AND AFFORDABLE REAL ESTATE SOLUTIONS FOR OAKLAND'S LOCAL ARTS ORGANIZATIONS. KEEPING SPACE - OAKLAND RE-GRANTS FUNDS PROVIDED BY THE HEWLETT AND RAININ FOUNDATIONS TO ENTITIES THAT MEET THE ELIGIBILITY CRITERIA OUTLINED IN THE KEEPING SPACE - OAKLAND FINANCIAL ASSISTANCE PROGRAM GUIDELINES. CAST USES A SELECTION COMMITTEE TO EVALUATE THE CRITERIA AND ASSESS EACH APPLICANT. KEEPING SPACE - OAKLAND GRANT FUNDS ARE SOLELY USED FOR THE FOLLOWING ELIGIBLE EXPENSES: ACQUISITION EXPENSES, PLANNING EXPENSES, FACILITY IMPROVEMENT EXPENSES, RENTAL EXPENSES, AND MOVING EXPENSES. X X X X 0 0 0 0 0 0 0 0 0 MOY ENG CEO 247235 0 0 0 0 0 0 0 0 0 247235 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE ORGANIZATION'S TREASURER WILL REVIEW FORM 990 WITH ANY QUESTIONS OR CONCERNS TO THE STAFF AND RECOMMEND ITS APPROVAL BY THE ENTIRE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE FRAMEWORK OUTLINED IN THE BYLAWS APPENDIX A: CONFLICT OF INTEREST POLICY, THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE IN REAL ESTATE TRANSACTIONS PERFORMED, WHICH IS THE ORGANIZATION'S CORE WORK, AND IN OTHER RELATED BUSINESS AREAS. THE BOARD AND EXECUTIVE DIRECTOR ARE CLEAR AND MINDFUL OF THE POSSIBLE CONFLICTS OF THE WORK IN WHICH THE ORGANIZATION EXECUTES. TO DATE, THE BOARD NOR EXECUTIVE DIRECTOR HAVE PRESENTED ISSUES REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO HAS AN ANNUAL REVIEW CONDUCTED BY THE BOARD OF DIRECTORS WHICH INCLUDES COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE BOARD SURVEYS OTHER SIMILAR ORGANIZATIONS OR SALARY COMPARISONS AND COMPREHENSIVE NOTES ARE RETAINED OF THE REVIEW AND DELIBERATION PROCESS. THE CEO AND COO CONDUCT ANNUAL REVIEWS OF KEY EMPLOYEES INCLUDING RESEARCH OF COMPETITIVE SALARY COMPARISONS AND COMPREHENSIVE NOTES ARE KEPT ON THE DELIBERATIONS AND REVIEW DISCUSSIONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: AMORTIZATION EXPENSE 1,860. NET RENTAL GAIN - CAST 1007 MARKET, LLC -6,476. NET RENTAL GAIN - CAST 80 TURK, LLC -6,648. GRANT REVENUE 2,941. SUSPENDED LOSSES 188,887. FLOW THROUGH (INCOME) LOSS - CAST POWERHOUSE MANAGER, LLC -4,266. FORM 990 PART XII, LINE 2C THERE WERE NO CHANGES IN THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS DURING THE YEAR. CAST 447 MINNA LLC 70 OTIS STREET SAN FRANCISCO CA 94103 843871348 REAL ESTATE CA 501(C)(3) 509(A)(3) COMMUNITY ARTS STABILIZATION TRUST 1 CAST 1007 MARKET LLC 1007 MARKET STREET SAN FRANCISCO CA 94103 611748683 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST -46229 3268704 0 0 0.90000 CAST 80 TURK LLC 80 TURK STREET SAN FRANCISCO CA 94102 611750021 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST -129534 4859760 0 1 0.90000 CAST POWERHOUSE QALICB LLC 70 OTIS STREET SAN FRANCISCO CA 94103 384055470 REAL ESTATE CA CAST POWERHOUSE MANAGER LLC -190632 8569545 0 0 0.51000 CAST POWERHOUSE MANAGER LLC 70 OTIS STREET SAN FRANCISCO CA 94103 611863224 INVESTING CA COMMUNITY ARTS STABILIZATION TRUST C -196729 1376154 1.00000 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 CAST POWERHOUSE QALICB LLC D 800 CASH CAST 447 MINNA LLC G 331092 COST CAST 447 MINNA LLC R 139561 COST CAST 1007 MARKET LLC D 11405 CASH CAST 447 MINNA LLC D 229022 CASH CAST 80 TURK LLC D 18853 CASH CAST POWERHOUSE MASTER TENANT LLC D 7550 CASH CAST POWERHOUSE MANAGER LLC D 3328 CASH CAST POWERHOUSE MANAGER LLC B 215113 CASH