2017-05-15T19:55:21-05:00 2016-09-30 943108253 NOVOGRADAC & COMPANY LLP 1010 B STREET SUITE 400 SAN RAFAEL CA 94901 990 2015-10-01 942631608 COMMUNITY HOUSING IMPROVEMENT SYSTEMS & PLANNING ASSOCIATION COMM 8317576251 295 MAIN STREET SUITE 100 SALINAS CA 93901 NORM KOLPIN CFO 8317576251 2017-05-15 1 LANCE SMITH P00696626 4152236130 2015 2021-01-29 14:40:06Z NORM KOLPIN 295 MAIN STREET SUITE 100 SALINAS CA 93901 5098171 0 X WWW.CHISPAHOUSING.ORG X 1979 CA DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS 9 9 20 0 0 0 674230 244781 3234077 2913701 82322 74689 83990 303534 4074619 3536705 146850 179679 0 0 1693425 1746198 0 0 147209 2010919 2104471 3851194 4030348 223425 -493643 36571736 35879212 12635753 13300933 23935983 22578279 DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS 0 0 3573257 179679 3217235 PLANNING, DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS. 3573257 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 33 0 20 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 8317576251 295 MAIN STREET SUITE 100 SALINAS CA 93901 DON CLINE CHAIR 2.00 X 0 0 0 MIKE GARCIA VICE-CHAIR 2.00 X 0 0 0 JAMES EARHART BOARD MEMBER 2.00 X 0 0 0 AURELIO GONZALEZ BOARD MEMBER 2.00 X 0 0 0 AL ESPINDOLA SECRETARY 2.00 X 0 0 0 BERNA Z MAYA BOARD MEMBER 2.00 X 0 0 0 BERKEY BRANNON TREASURER 2.00 X 0 0 0 SABINO LOPEZ BOARD MEMBER 2.00 X 0 0 0 PATTY PADILLA-SALSBERG BOARD MEMBER 2.00 X 0 0 0 NORM KOPLIN CFO 40.00 X 128350 0 17932 ALFRED DIAZ-INFANTE PRESIDENT/CEO 40.00 X 142973 0 37233 DANA CLEARY DIRECTOR OF RE DEVELOPMENT 40.00 X 108707 0 4480 380030 0 59645 3 0 1 0 EVCON 1060 NASH ROAD HOLLISTER CA 95023 HEATING AND COOLING 192522 RH FRAMING INC 820 PARK ROW 642 SALINAS CA 93901 FRAMING 192129 QUALITY PLUMBING 28 QUAL RUN CIRCLE SUITE F SALINAS CA 93907 PLUMBING 109934 3 169582 75199 244781 RENTAL INCOME 532000 1546677 1546677 MANAGEMENT & CONSULTING 541610 667846 667846 DEVELOPER FEE 531390 430932 430932 INTEREST INCOME 900099 203182 203182 OTHER RENTAL INCOME 532000 65064 65064 2913701 74689 74689 1865000 1561466 303534 303534 3536705 3217235 0 74689 141102 141102 38577 38577 284855 230732 34183 19940 977658 791903 117319 68436 46177 37404 5541 3232 340682 275952 40882 23848 96826 78429 11619 6778 97737 97737 16170 14230 1940 30900 30900 10893 8823 1307 763 95883 77665 11506 6712 116663 94497 14000 8166 14240 14240 174366 174366 406563 383625 22938 63081 63081 REPAIRS AND MAINTENANCE 228577 228577 UTILITIES 188417 188417 PROGRAM EXPENSES 176994 176994 GROUNDS CONTRACT AND MA 130763 130763 353224 326143 17747 9334 4030348 3573257 309882 147209 8776297 6399224 2008189 2679995 5387076 6058224 140323 165111 18407041 8304540 10482850 10102501 776709 1018438 8294402 7986915 705890 1468804 36571736 35879212 940166 1076667 11603436 12130608 92151 93658 12635753 13300933 X 23935983 22578279 23935983 22578279 36571736 35879212 -493643 -864061 0 X X 0 1 X 1 1 1 X 530518 1881732 364046 674230 244781 3695307 530518 1881732 364046 674230 244781 3695307 3695307 43132 46898 64672 82322 74689 311713 4007020 18027814 0.92220 0.94130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2504884 2504884 13835079 6839799 6995280 1161725 587620 574105 740032 721461 18571 165321 155660 9661 10102501 EQUITY INVESTMENTS -1414630 C NOTES RECEIVABLE FROM OPERATING PARTNERSHIPS 4420715 C INTEREST RECEIVABLE FROM OPERATING PARTNERSHIPS 2611539 C DUE FROM RELATED PARTIES 2369291 C 7986915 SECURITY DEPOSITS 93658 93658 X 12273100 -864061 9600456 8736395 3536705 0 3536705 17026137 12995789 12995789 4030348 0 4030348 PART X, LINE 2: CHISPA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM CALIFORNIA INCOME AND FRANCHISE TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701(D). INCOME TAXES ON PARTNERSHIP INCOME ARE LEVIED ON THE PARTNERS IN THEIR INDIVIDUAL CAPACITY. ACCORDINGLY, ALL PROFITS AND LOSSES OF THE OPERATING PARTNERSHIPS ARE RECOGNIZED BY EACH PARTNER ON ITS RESPECTIVE TAX RETURN. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES CHISPA TO REPORT INFORMATION REGARDING ITS EXPENSES TO VARIOUS TAX POSITIONS TAKEN. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED ITS EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT CHISPA HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS FOUR YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO CHISPA ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTIVITY REPORTED ON SUBSIDIARY TAX RETURNS 12,712,817. REVENUES ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS -3,112,361. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTIVITY REPORTED ON SUBSIDIARY TAX RETURNS 16,536,207. EXPENSES ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS -3,540,418. 0 SOL TREASURES INC 519 BROADWAY KING CITY CA 93930 261764855 501(C)(3) 16043 FMV N/A GENERAL SUPPORTGENERAL SUPPORT CASTROVILLE TEEN LEADERSHIP COUNCIL 8142 MOSS LANDING ROAD MOSS LANDING CA 95039 371738496 501(C)(3) 27821 FMV N/A GENERAL SUPPORT HARTNELL COLLEGE FOUNDATION 411 CENTRAL AVE BLDG E ROOM 101 SALINAS CA 93901 942781664 501(C)(3) 23334 FMV N/A GENERAL SUPPORT CENTRAL COAST YMCA 500 LINCOLN AVENUE SALINAS CA 93901 770202335 501(C)(3) 61687 FMW N/A GENERAL SUPPORT ARTS COUNCIL FOR MONTEREY COUNTY PO BOX 7495 CARMEL CA 93921 942805076 501(C)(3) 12217 FMV N/A GENERAL SUPPORT 5 0 PAYMENTS FOR COMMUNITY SERVICES 3 38577 FMV SCHEDULE I - PART I, LINE 2 GRANT PROCEEDS ARE RECEIVED BY CHISPA AND DISTRIBUTED TO THE ORGANIZATIONS IN ACCORDANCE WITH THE GRANT AGREEEMENT. CHISPA'S CEO MEETS WITH THE ORGANIZATIONS AND THE GRANT MAKER REGULARLY TO MONITOR COMPLIANCE. X X X 0 0 0 0 0 0 0 0 0 ALFRED DIAZ-INFANTE PRESIDENT/CEO 142973 0 0 0 0 0 6059 0 31174 0 180206 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE ENCOURAGED TO RAISE ANY QUESTIONS REGARDING SPECIFIC ACTIVITIES OR QUESTIONS INVOLVING THIS POLICY WITH THEIR SUPERVISOR, DEPARTMENT MANAGER, OR THE DIRECTOR OF ADMINISTRATION BEFORE ENTERING INTO CONTRACTS OR AGREEMENTS THAT MAY VIOLATE CHISPA'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY IS CONDUCTED EVERY 5 YEARS BY A THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 CHISPA MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE MAIN OFFICE LOCATED IN SALINAS, CA. FORM 990, PART XII, LINE 2C: FORM 990, PART XI, LINE 2C: THE AUDIT COMMITTEE ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. CENTRAL COAST DEVELOPMENT LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 753045224 RENTAL HOUSING DEVELOPMENT CA 0 0 MHSA LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA -10837 -78775 PROPERTIES LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA -40417 888619 AFFORDABLE APTS LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA 0 0 EL ESTERO SENIOR HOUSING INC 295 MAIN STREET SUITE 100 SALINAS CA 93901 942875799 TO OPERATE AFFORDABLE ELDERLY HOUSING CA 501(C)3 7 0 MARINA SENIORS HOUSING PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770359756 LOW INCOME HOUSING PROJECT CA RELATED 11550 832667 0 1 0.00100 QM AFFORDABLE HOUSING PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770359754 LOW INCOME HOUSING PROJECT CA RELATED -69377 -563135 0 1 0.01000 VILLA SAN MIGUEL PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770370764 LOW INCOME HOUSING PROJECT CA RELATED -147532 -131531 0 1 0.00100 GABILAN HILLS APARTMENTS PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770370763 LOW INCOME HOUSING PROJECT CA RELATED -26383 -2154381 0 1 0.01000 MORO LINDO TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770397510 LOW INCOME HOUSING PROJECT CA RELATED -382 17229 0 1 0.00100 ROOSEVELT STREET TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770397514 LOW INCOME HOUSING PROJECT CA RELATED -58716 891050 0 1 0.00100 WILLIAMS RANCH HOUSING PARTNERS I LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770535543 LOW INCOME HOUSING PROJECT CA RELATED -20 985534 0 1 0.00010 MARKET STREET TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 043699191 LOW INCOME HOUSING PROJECT CA RELATED -298 609620 0 1 0.00100 CANYON CREEK TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 870691250 LOW INCOME HOUSING PROJECT CA RELATED -201094 -325032 0 1 0.00100 LOS ABUELITOS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 542156765 LOW INCOME HOUSING PROJECT CA RELATED -13 891847 0 1 0.00010 WALNUT PLACE TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 202238579 LOW INCOME HOUSING PROJECT CA RELATED -28 -195 0 1 0.00010 SHERWOOD VILLAGE LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 205283970 LOW INCOME HOUSING PROJECT CA RELATED -65 -368 0 1 0.00010 VINEYARD GREEN TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 208351574 LOW INCOME HOUSING PROJECT CA CHISPA VINEYARD GP LLC RELATED -28 -187042 0 1 0.00010 VILLA SANTA CLARA PARTNERS 295 MAIN STREET SUITE 100 SALINAS CA 93901 770277495 LOW INCOME HOUSING PROJECT CA RELATED -153300 -1720045 0 1 0.01100 VILLA LA POSADA HOUSING PARTNERS 295 MAIN STREET SUITE 100 SALINAS CA 93901 770303650 LOW INCOME HOUSING PROJECT CA RELATED -100056 -530268 0 1 0.01100 LA GLORIA LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 800394141 LOW INCOME HOUSING PROJECT CA CHISPA LA GLORIA GP LLC RELATED -16 -161006 0 1 0.00010 SEA GARDEN LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 454150106 LOW INCOME HOUSING PROJECT CA CHISPA SEA GARDEN GP LLC RELATED -44 -180105 0 1 0.01000 CARR AVENUE LIMITED PARTNERSHIP LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770053241 LOW INCOME HOUSING PROJECT CA RELATED -124155 -267563 0 1 0.68000 HARDEN SALINAS AR LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 463721812 LOW INCOME HOUSING PROJECT CA RELATED -15 -24 0 1 0.00010 TYLER GREENFIELD AR LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 463710945 LOW INCOME HOUSING PROJECT CA RELATED -18 0 1 0.00010 CHISPA HOUSING MANAGEMENT INC 295 MAIN STREET SUITE 100 SALINAS CA 93901 942892838 MANAGEMENT SERVICE TO LOW INCOME HOUSING PROJECTS CA C -120149 -529514 1.00000 0 SPARK DEVELOPMENT 295 MAIN STREET SUITE 100 SALINAS CA 93901 770164502 DEVELOPER TO LOW INCOME HOUSING PROJECTS CA C 83155 18398 1.00000 0 CHISPA VINEYARD GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 943466618 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA C -19581 -68496 1.00000 0 CHISPA LA GLORIA GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 010934632 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA C -19612 -67366 1.00000 0 CHISPA SEA GARDEN GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 454150504 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA C -20941 -84206 1.00000 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 CHISPA PROVIDES VARIOUS LOANS TO ITS AFFILIATE ORGANIZATIONS D 4420715 CHISPA PROVIDES LEASE OF FACILITIES TO ITS AFFILATE ORGANIZATIONS J 34801 CHISPA PROVIDES MANAGEMENT AND CONSULTING FEES TO ITS AFFILATE ORGANIZATIONS L 667846 CHISPA RECEIVES REIMBUSEMENT FOR ADMINISTRATIVE SERVICES FROM AFFILIATED ORGANIZATIONS Q 217194