2012-08-14T13:59:04-05:00 2011-09-30 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2010-10-01 942631608 COMMUNITY HOUSING IMPROVEMENT SYSTEMS & PLANNING ASSOCIATION COMM 8317576251 295 MAIN STREET SUITE 100 SALINAS CA 93901 NORM KOLPIN 8317576251 2012-08-14 1 ROBERT S THESMAN 4153568000 2010 2016-02-24 21:20:13Z NORM KOLPIN 295 MAIN STREET SUITE 100 SALINAS CA 93901 5600399 0 X WWW.CHISPAHOUSING.ORG X 1979 CA DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS 9 9 24 0 0 0 209226 1257964 4265767 3297812 92893 56678 341481 85165 4909367 4697619 0 590409 0 0 1586514 1637040 0 0 150021 1801646 1859965 3388160 4087414 1521207 610205 30896476 33799092 7818595 12912080 23077881 20887012 DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS 0 0 3540587 3382977 PLANNING, DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS. 3540587 1 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 38 0 24 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 ESTHER L RUBIO 2.00 X 0 0 0 SHERI L CLINE 2.00 X 0 0 0 JAMES H CLAYPOOL JR 2.00 X 0 0 0 TOM HUFFMAN 2.00 X 0 0 0 KALAH RENWICK BUMBA 2.00 X 0 0 0 RODNEY EVANS 2.00 X 0 0 0 STEVE HOLETT 2.00 X 0 0 0 AURELIO GONZALEZ 2.00 X 0 0 0 NANCY VALDEZ 2.00 X 0 0 0 ALFRED DIAZ-INFANTE 40.00 X 143614 0 20800 NORM KOLPIN 40.00 X 119835 0 17329 263449 0 38129 2 0 1 0 0 1225709 32255 1257964 RENTAL INCOME 532000 1161609 1161609 MANAGEMENT & CONSULTIN 541610 895200 895200 DEVELOPER FEE 531390 600107 600107 INTEREST INCOME 900099 571488 571488 OTHER RENTAL INCOME 532000 69408 69408 3297812 56678 56678 987945 902780 85165 85165 4697619 3382977 0 56678 590409 590409 267808 216924 32137 18747 944340 764915 113321 66104 44561 36095 5347 3119 272711 220896 32725 19090 107620 87173 12914 7533 13999 12319 1680 33700 33700 8561 6935 1027 599 62322 50480 7479 4363 104107 84327 12493 7287 14803 14803 88569 88569 293800 190970 102830 57625 57625 WRITE DOWN OF INVESTMEN 204367 165537 24524 14306 REPAIRS AND MAINTENANCE 194560 194560 GROUNDS CONTRACT AND MA 158662 158662 UTILITIES 116602 116602 PROGRAM EXPENSE 113619 113619 394669 369167 16629 8873 4087414 3540587 396806 150021 8402506 7041405 1966391 2113331 4505017 5843012 318889 320784 12555142 6732907 3623651 5822235 417071 510559 11596566 11913456 66385 234310 30896476 33799092 399659 3323072 7357539 9522740 61397 66268 7818595 12912080 X 23077881 20887012 23077881 20887012 30896476 33799092 X 610205 -2801074 X X 0 1 1 X 1 1 X 689328 919909 661131 209226 1257964 3737558 689328 919909 661131 209226 1257964 3737558 3737558 267596 332909 153516 92893 56678 903592 4641150 16951685 0.80530 0.73520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1664261 1664261 9292606 5513846 3778760 738318 361180 377138 713336 711260 2076 146621 146621 0 5822235 EQUITY INVESTMENTS -2516363 C NOTES RECEIVABLE FROM OPERATING PARTNERSHIPS 5155742 C INTEREST RECEIVABLE FROM OPERATING PARTNERSHIPS 6004302 C DUE FROM RELATED PARTIES 3269775 C 11913456 SECURITY DEPOSITS 66268 66268 4697619 4087414 610205 -2801074 -2956561 -5757635 -5147430 12359529 -2801074 10462984 7661910 4697619 0 4697619 17506959 13419545 13419545 4087414 0 4087414 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 8 - OTHER ADJUSTMENTS: ACTIVITY REPORTED ON SUBSIDIARY TAX RETURNS -5,471,373. ACTIVITY ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS 2,514,812. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTIVITY REPORTED ON SUBSIDIARY TAX RETURNS 11,937,171. REVENUES ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS -1,474,187. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ACTIVITY REPORTED ON SUBSIDIARY TAX RETURNS 17,408,544. EXPENSES ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS -3,988,999. 0 CENTER FOR COMMUNITY ADVOCACY 22 WEST GABILAN STREET SALINAS CA 93901 226204 FMV N/A GENERAL SUPPORTGENERAL SUPPORT COMMUNITIES ORGANIZED FOR RELATED POWER IN ACTION 95 ALTA VISTA AVENUE WATSONVILLE CA 95076 257400 FMV N/A GENERAL SUPPORT SECOND CHANCE FAMILY AND YOUTH SERVICES 745 NORTH SANBORN ROAD SALINAS CA 93906 106805 FMV N/A GENERAL SUPPORT OTHER INFORMATION: PART IV: 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 143614 0 0 0 0 0 5745 0 15055 0 164414 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,801,074. 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 670 670 PROPERTIES LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA -47634 -47634 AFFORDABLE APTS LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 LOW INCOME HOUSING DEVELOPMENT CA -800 -800 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 -5927 -51810 0 1 0.00100 QM AFFORDABLE HOUSING PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770359754 LOW INCOME HOUSING PROJECT CA RELATED -230569 -269027 0 1 0.01000 VILLA SAN MIGUEL PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770370764 LOW INCOME HOUSING PROJECT CA RELATED -108 3596 0 1 0.00100 TYLER PARK TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770379671 LOW INCOME HOUSING PROJECT CA RELATED -494390 -1241496 0 1 0.01000 GABILAN HILLS APARTMENTS PARTNERS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770370763 LOW INCOME HOUSING PROJECT CA RELATED -441895 -1111727 0 1 0.01000 MORO LINDO TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770397510 LOW INCOME HOUSING PROJECT CA RELATED -509 19443 0 1 0.00100 ROOSEVELT STREET TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770397514 LOW INCOME HOUSING PROJECT CA RELATED -160197 -104524 0 1 0.00100 100 HARDEN PARKWAY LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770239655 LOW INCOME HOUSING PROJECT CA RELATED -361260 -899604 0 1 0.00500 ROOSEVELT STREET TOWNHOMES II LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 770476940 LOW INCOME HOUSING PROJECT CA RELATED -146 -97626 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 -29 985669 0 1 0.00010 MARKET STREET TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 043699191 LOW INCOME HOUSING PROJECT CA RELATED 55323 594033 0 1 0.00100 CANYON CREEK TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 870691250 LOW INCOME HOUSING PROJECT CA RELATED -113 -399 0 1 0.00100 LOS ABUELITOS LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 542156765 LOW INCOME HOUSING PROJECT CA RELATED -14 891911 0 1 0.00010 WALNUT PLACE TOWNHOMES LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 202238579 LOW INCOME HOUSING PROJECT CA RELATED 25 -48 0 1 0.00010 SHERWOOD VILLAGE LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 205283970 LOW INCOME HOUSING PROJECT CA RELATED 49 -60 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 71 -186891 0 1 0.00010 VILLA SANTA CLARA PARTNERS 295 MAIN STREET SUITE 100 SALINAS CA 93901 770277495 LOW INCOME HOUSING PROJECT CA RELATED -1049534 -1023053 0 0 0.01100 VILLA LA POSADA HOUSING PARTNERS 295 MAIN STREET SUITE 100 SALINAS CA 93901 770303650 LOW INCOME HOUSING PROJECT CA RELATED 106996 136659 0 0 0.01100 LA GLORIA LP 295 MAIN STREET SUITE 100 SALINAS CA 93901 800394141 LOW INCOME HOUSING PROJECT CA RELATED -160895 -160930 0 0 0.00010 CHISPA HOUSING MANAGEMENT INC 295 MAIN STREET SUITE 100 SALINAS CA 93901 942892838 MANAGEMENT SERVICE TO LOW INCOME HOUSING PROJECTS CA C -94845 266890 1.00000 SPARK DEVELOPMENT 295 MAIN STREET SUITE 100 SALINAS CA 93901 770164502 DEVELOPER TO LOW INCOME HOUSING PROJECTS CA C -364267 -1316734 1.00000 CHISPA VINEYARD GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 943466618 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA C -1843 711 1.00000 LA GLORIA GP LLC 295 MAIN STREET SUITE 100 SALINAS CA 93901 010934632 GENERAL PARTNER TO LOW INCOME HOUSING PROJECTS CA C -815 165 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 0 CHISPA PROVIDES VARIOUS LOANS TO ITS AFFILIATE ORGANIZATIONS D 5155742 CHISPA PROVIDES LEASE OF FACILITIES TO ITS AFFILATE ORGANIZATIONS I 31322 CHISPA PROVIDES MANAGEMENT AND CONSULTING FEES TO ITS AFFILATE ORGANIZATIONS K 895200 CHISPA RECEIVES REIMBUSEMENT FOR ADMINISTRATIVE SERVICES FROM AFFILIATED P 213696 ORGANIZATIONS