2019-01-15T16:06:06-06:00 2018-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2017-07-01 953795161 COMMUNITY CORPORATION OF SANTA MONICA COMM 3103948487 1423 SECOND STREET NO B SANTA MONICA CA 90401 TARA BARAUSKAS EXECUTIVE DIRECTOR 3103948487 2019-01-15 1 ELLEN WILDE P01254265 3178485700 97.78.195.178 2019-01-15 07:14:14 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1EA80EF33CB3EB9B65D8BB4EAB3A78A2C2E25CB4 2017 2019-02-21 02:37:17Z TARA BARAUSKAS 1423 SECOND STREET NO B SANTA MONICA CA 90401 13055431 0 X WWW.COMMUNITYCORP.ORG X 1982 CA SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT. 15 15 101 0 0 0 91212 92663 13142550 12693673 9497 2052 340253 232248 13583512 13020636 0 0 0 0 3531403 3874383 0 0 0 8913367 9378073 12444770 13252456 1138742 -231820 163723071 173913593 131330978 141754117 32392093 32159476 COMMUNITY CORPORATION OF SANTA MONICA WAS FORMED TO IMPROVE LIVES AND NEIGHBORHOODS BY RESTORING, BUILDING, AND MANAGING AFFORDABLE HOUSING FOR PEOPLE OF MODEST MEANS. WE WORK TO ADVANCE VALUES THAT SANTA MONICA RESIDENTS SHARE AND TO ENRICH THE COMMUNITY FOR ALL. 0 0 8932514 12863966 COMMUNITY CORPORATION OF SANTA MONICA WAS FORMED TO IMPROVE LIVES AND NEIGHBORHOODS BY RESTORING, BUILDING, AND MANAGING AFFORDABLE HOUSING FOR PEOPLE OF MODEST MEANS. WE WORK TO ADVANCE VALUES THAT SANTA MONICA RESIDENTS SHARE AND TO ENRICH THE COMMUNITY FOR ALL. 8932514 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 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 0 0 0 1 29 0 1 101 1 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA X ROBERT J CONNELL 3103948487 1423 SECOND STREET SANTA MONICA CA 90401 PATRICIA HOFFMAN CHAIR 1.00 X 0 0 0 PAUL DESANTIS VICE CHAIR 1.00 X 0 0 0 DOUG WILLIS BOARD MEMBER 1.00 X 0 0 0 JOANNE LEAVITT SECRETARY 1.00 X 0 0 0 FR MIKE GUTIERREZ BOARD MEMBER 1.00 X 0 0 0 JOHN JALILI BOARD MEMBER 1.00 X 0 0 0 ROBERT GARDNER BOARD MEMBER 1.00 X 0 0 0 MAGGIE PHILLIPS BOARD MEMBER 1.00 X 0 0 0 MARIA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 TED ROTH BOARD MEMBER 1.00 X 0 0 0 MICHAEL RUSSELL BOARD MEMBER 1.00 X 0 0 0 SANDRA STRENGTH BOARD MEMBER 1.00 X 0 0 0 JOANNE YOKOTA TREASURER 1.00 X 0 0 0 NICK BHATT FORMER BOARD MEMBER 1.00 X 0 0 0 RALPH MECHUR BOARD MEMBER 1.00 X 0 0 0 BERENICE ONOFRE BOARD MEMBER 1.00 X 0 0 0 TARA BARAUSKAS EXECUTIVE DIRECTOR 40.00 X 167584 0 0 ROBERT CONNELL CHIEF FINANCIAL OFFICER 40.00 X 121751 0 0 DURINDA ABRAHAM DIRECTOR OF PROPERTY MGMT 40.00 X 128194 0 0 MIGUEL CEBALLOS DIRECTOR OF MAINTENANCE 40.00 X 110771 0 0 JESUS HERNANDEZ DIRECTOR OF HOUSING DEVELOPMENT 40.00 X 131751 0 0 LEILA TOWRY DIRECTOR OF RESIDENT SERVICES 40.00 X 107584 0 0 767635 0 0 6 0 1 0 GONZALEZ CONSTRUCTION COMPANY 207 NORTH AVENUE 51 LOS ANGELES CA 90042 REHAB OF 2520 EUCLID & VIRGINIA-FRANK 611270 AMERICANTEAM CONTRACTORS 1223 WILSHIRE BLVD 582 SANTA MONICA CA 90403 GENERAL REPAIRS 527497 OSMART GENERAL CONSTRUCTION PO BOX 6634 ALTADENA CA 91003 GENERAL REPAIRS 363319 SPRINGLAND LANDSCAPES PO BOX 661067 LOS ANGELES CA 90066 LANDSCAPING 300323 NETWORK COMMUNICATION SOLUTIONS INC 7921 CANOGA AVE STE H CANOGA PARK CA 91304 IT CONSULTANT 282854 17 92663 92663 RENTAL INCOME 531110 11870155 11870155 PROPERTY MANAGEMENT 531310 512750 512750 RESIDENT SERVICE FEES 531310 380624 380624 MAINTENANCE SERVICE FEES 531310 287572 287572 FORGIVENESS OF DEBT 531310 96979 96979 -454407 -454407 12693673 36847 36847 180382 0 180382 180382 180382 34795 -34795 -34795 -34795 OTHER REVENUE-MISC. 531110 27160 27160 MISC INCOME - UNION BANK 531110 24706 24706 51866 13020636 12863966 0 64007 74327 74327 3297930 581478 2716452 251156 251156 250970 250970 -333548 -333548 58115 58115 16395 16395 437089 65761 371328 49439 49439 658204 658204 6030904 6030904 29779 29779 57753 57753 2295011 2256366 38645 79597 79597 BAD DEBTS 19207 19207 ADMINISTRATIVE 1330 1330 SERVICE COORDINATOR CON -21202 -21202 13252456 8932514 4319942 0 19045019 12661920 1659282 1713225 48298 299223 159767135 33484976 127349626 126282159 14037495 19467470 175124 157618 1408227 13331978 163723071 173913593 770794 1410863 59817 53092 127955004 137981451 2545363 2308711 131330978 141754117 X 32392093 32159476 32392093 32159476 163723071 173913593 X -231820 -797 X X 0 1 X 1 0 X 106850 352012 477249 91212 92663 1119986 13289575 13138258 13238757 13238128 12718379 65623097 13396425 13490270 13716006 13329340 12811042 66743083 0 0 0 66743083 173208 187268 196845 174548 217229 949098 173208 187268 196845 174548 217229 949098 13582 109238 612591 80999 27160 843570 13583215 13786776 14525442 13584887 13055431 68535751 0.97380 0.97700 0.01380 0.01100 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. 60157905 60157905 99218308 33168060 66050248 390922 316916 74006 126282159 INVESTMENT IN PARTNERSHIPS -856467 C OTHER RESERVES 10299719 C RESERVE FOR REPLACEMENTS 10024218 C 19467470 SECURITY DEPOSITS 11592 CONSTRUCTION IN PROGRESS 13320386 13331978 INTEREST ON LOANS/NOTES 1629193 SECURITY DEPOSITS 679518 2308711 X 13583254 562618 562618 13020636 0 13020636 13287251 34795 34795 13252456 0 13252456 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT IN PARTNERSHIPS 527,823. LOSS ON FIXED ASSET DISPOSAL 34,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON FIXED ASSET DISPOSAL 34,795. X X 0 0 0 0 0 0 0 0 0 TARA BARAUSKAS EXECUTIVE DIRECTOR 160000 0 0 0 7584 0 0 0 0 0 167584 0 0 0 PART I, LINE 3 SALARY FOR TARA AS OF 6/30/18 HAS NOT CHANGED FROM WHEN SHE WAS HIRED IN AUGUST 2016. AT THE TIME OF HIRE THE BOARD USED A SALARY SURVEY TO ARRIVE AT THE SALARY OFFERED ALONG WITH GUIDANCE FROM THE EXECUTIVE SEARCH CONSULTANT WHO HELPED WITH THE JOB SEARCH. ANY CHANGE IN COMPENSATION REQUIRES APPROVAL FROM THE EXECUTIVE COMMITTEE. FORM 990, PART I, LINE 1 THE ORGANIZATION'S MISSION IS TO IMPROVE LIVES AND NEIGHBORHOODS BY RESTORING, BUILDING, AND MANAGING AFFORDABLE HOUSING FOR PEOPLE OF MODEST MEANS. WE WORK TO ADVANCE VALUES THAT SANTA MONICA RESIDENTS SHARE AND TO ENRICH THE COMMUNITY FOR ALL. FORM 990, PART VI, SECTION A, LINE 4 IN SEPTEMBER OF 2017, THE CORPORATIONS BYLAWS WERE AMENDED. THE AMENDED BYLAWS DID NOT RISE TO THE LEVEL OF DISCLOSURE ON THE AUDITED FINANCIAL STATEMENTS. THE BYLAWS WERE AMENDED TO UPDATE THE FOLLOWING: EXPRESSLY PROHIBITING INFLUENCING LEGISLATION, PROCEDURE TO ELECT BOARD MEMBERS TO FILL VACANCIES, MINIMUM VOTE REQUIREMENTS FOR VALID BOARD ACTION SECTION, CONDUCT OF MEETING SECTION, DIRECTOR LIABILITY, BOARD COMMITTEE AUTHORITY, APPOINTING AN AUDIT COMMITTEE IN THE EVENT OF GREATER THAN $2 MILLION IS RECEIVED IN REVENUE, DEFINE DELEGATED ACTIVITIES OF OTHER COMMITTEES, DEFINE FAIRNESS OF BOARD COMPENSATION, FURTHER SECTIONS ON INDEMNIFICATION, AND CLEARLY DEFINED OFFICER ROLES. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: CHIEF FINANCIAL OFFICER REVIEWS FORM 990 AND COMPARES WITH THE AUDITED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). FORM 990 IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ARE INFORMED OF THE AVAILABILITY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD SHALL PERIODICALLY REVIEW THE FAIRNESS OF COMPENSATION, INCLUDING BENEFITS, PAID TO EVERY PERSON, REGARDLESS OF TITLE, WITH POWERS, DUTIES, OR RESPONSIBILITIES COMPARABLE TO THE PRESIDENT, CHIEF EXECUTIVE OFFICER, TREASURER, OR CHIEF FINANCIAL OFFICER (I) ONCE SUCH PERSON IS HIRED, (II) UPON ANY EXTENSION OR RENEWAL OF SUCH PERSON'S TERM OF EMPLOYMENT, AND (III) WHEN SUCH PERSON'S COMPENSATION IS MODIFIED (UNLESS ALL EMPLOYEES ARE SUBJECT TO THE SAME GENERAL MODIFICATION OF COMPENSATION). FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSFER -797. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS AND AUDIT COMMITTEE OVERSEE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, SECTION 168 ELECTION COMMUNITY CORP OF SANTA MONICA 1423 SECOND STREET B SANTA MONICA, CA 90401 SECTION 301.9100-7T(A)(1) ELECTION PURSUANT TO REGULATION SECTION 301.9100-7T(A)(1), CCSM VILLAGE, LLC, 1423 SECOND STREET SUITE B, SANTA MONICA, CA, 45-4910097, ELECTS UNDER IRC SECTION 168(H)(6)(F)(II) TO TREAT ANY INCOME OR GAIN TO BE RECOGNIZED BY ANY TAX EXEMPT SHAREHOLDER AS UNRELATED BUSINESS INCOME UNDER IRC SECTION 511 TO AVOID THE TREATMENT OF CCSM VILLAGE, LLC AS A TAX-EXEMPT ENTITY, AND ITS SHARE OF PROPERTY DEEMED OWNED, AS TAX-EXEMPT USE PROPERTY. THE 100% OWNERSHIP OF CCSM VILLAGE, LLC BY COMMUNITY CORPORATION OF SANTA MONICA QUALIFIES CCSM VILLAGE, LLC TO MAKE THE ELECTION. 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