2011-08-11T16:35:42-05:00 2010-09-30 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2009-10-01 942631608 COMMUNITY HOUSING IMPROVEMENT SYSTEMS & PLANNING ASSOCIATION COMM 8317576251 295 MAIN STREET SUITE 100 SALINAS CA 93901 norm kolpin 8317576251 2011-08-11 1 ROBERT S THESMAN 4153568000 2009 2016-02-24 21:20:13Z norm kolpin 295 MAIN STREET SUITE 100 SALINAS CA 93901 5135709 0 X WWW.CHISPAHOUSING.ORG X 1979 CA DEVELOPING and operating LOW-INCOME HOUSING PROJECTS 9 9 2 0 0 0 661131 209226 2362124 4265767 153516 92893 -312103 341481 2864668 4909367 0 0 1589370 1586514 0 132247 2602325 1801646 4191695 3388160 -1327027 1521207 32152408 30896476 8267117 7818595 23885291 23077881 DEVELOPING and operating LOW-INCOME HOUSING PROJECTS 0 0 2883492 4607248 PLANNING, DEVELOPING AND OPERATING LOW-INCOME HOUSING PROJECTS. 2883492 1 1 0 0 0 0 0 0 0 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 1 1 1 0 0 1 42 0 2 0 0 0 0 0 0 0 0 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 steve holett 2.00 X 0 0 0 esther l rubio 2.00 X 0 0 0 alonzo goNZALEZ 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 kalah renwick bumba 2.00 X 0 0 0 tom huffman 2.00 X 0 0 0 hilda lopez 2.00 X 0 0 0 rodney evans 2.00 X 0 0 0 alfred diaz-INFANTE 40.00 X 143073 0 20712 norm kolpin 40.00 X 121680 0 16109 264753 0 36821 2 0 1 0 Paul Davis Partnership 286 El Dorado monterey CA 93940 architectural 112364 1 157313 51913 209226 Rental Income 532000 1112734 1112734 Management & Consultin 541610 1105771 1105771 Interest Income 900099 1086110 1086110 Developer fee 531390 858361 858361 Other Rental Income 532000 102791 102791 4265767 92893 92893 567823 226342 341481 341481 4909367 4607248 0 92893 260825 211268 31299 18258 944980 765433 113398 66149 43340 35105 5201 3034 230592 186780 27671 16141 106777 86490 12813 7474 3018 2656 362 30787 30787 5614 4547 674 393 44558 36092 5347 3119 109224 88471 13107 7646 16527 16527 70035 70035 321822 209184 112638 63435 63435 repairs and maintenance 178584 178584 utilities 176835 176835 ground contract and mai 127683 127683 program expense 122666 122666 mgmt fee and consulting 86466 86466 444392 415235 19124 10033 3388160 2883492 372421 132247 7876205 8402506 1980901 1966391 4855191 4505017 23007 318889 10073423 6449772 3844181 3623651 104408 417071 13352334 11596566 116181 66385 32152408 30896476 273693 399659 7931567 7357539 61857 61397 8267117 7818595 X 23885291 23077881 23885291 23077881 32152408 30896476 X 0 1 1 X 1 1 X 576922 689328 919909 661131 209226 3056516 576922 689328 919909 661131 209226 3056516 3056516 253861 267596 332909 153516 92893 1100775 4157291 13129518 0.73520 0.82010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1605261 1605261 6876149 5284641 1591508 738318 324262 414056 707074 703635 3439 146621 137234 9387 3623651 equity investments 227231 C Notes receivable from operating partnerships 5155742 C Interest receivable from operating partnerships 5556394 C due from related parties 657199 C 11596566 SECURITY DEPOSITS 61397 61397 4909367 3388160 1521207 -2328617 -98074 -2426691 -905484 12846542 -2328617 10265792 7937175 4909367 0 4909367 16512824 13124664 13124664 3388160 0 3388160 Part X: Description of Uncertain Tax Positions Under FIN 48: CHISPA's current accounting policy is to evaluate uncertain tax positions. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. Management believes that there are no uncertain tax positions. Part XI, Line 8 - Other Adjustments: activity reported on subsidiary tax returns: -5361389. activity eliminated in consolidated financial statements: 2502517. minority interest in partnerships' losses: 2760798. Part XII, Line 2d - Other Adjustments: aCTIVITY REPORTED ON SUBSIDIARY TAX RETURNS: 11979554. revenues eliminated in consolidated financial statements: -1713762. Part XIII, Line 2d - Other Adjustments: ACTIVITY REPORTED ON SUBSIDIARY TAX RETURNS: 17340943. Expenses eliminated in consolidated financial statements: -4216279. X X X 0 0 0 0 0 0 0 0 0 alfred diaz-INFANTE 143073 0 0 0 0 0 5706 0 15006 0 163785 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 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 el estero senior housing inc 295 main street suite 100 salinas CA 93901 942875799 TO OPERATE affordable ELDERLY HOUSING CA 501(c)3 7 marina seniors housing partners lp 295 main street suite 100 salinas CA 93901 770359756 low income housing project CA Related -139908 -45883 0 1 qm affordable housing partners lp 295 main street suite 100 salinas CA 93901 770359754 low income housing project CA related -38770 -38458 0 1 villa san miguel partners lp 295 main street suite 100 salinas CA 93901 770370764 low income housing project CA related -201 3704 0 1 tyler park townhomes lp 295 main street suite 100 salinas CA 93901 770379671 low income housing project CA related -723347 -747106 0 1 gabilan hills apartments partners lp 295 main street suite 100 salinas CA 93901 770370763 low income housing project CA related -600490 -669832 0 1 moro lindo townhomes lp 295 main street suite 100 salinas CA 93901 770397510 low income housing project CA related -438 19952 0 1 roosevelt street townhomes lp 295 main street suite 100 salinas CA 93901 770397514 low income housing project CA related -143083 -97480 0 1 100 harden parkway lp 295 main street suite 100 salinas CA 93901 770239655 low income housing project CA related -502149 -538344 0 1 roosevelt street townhomes II lp 295 main street suite 100 salinas CA 93901 770476940 low income housing project CA related -154 55673 0 1 williams ranch Housing partners I Lp 295 main street suite 100 salinas CA 93901 770535543 low income housing project CA related -29 985698 0 1 market street townhomes lp 295 main street suite 100 salinas CA 93901 043699191 low income housing project CA related -320 538710 0 1 canyon creek townhomes lp 295 main street suite 100 salinas CA 93901 870691250 low income housing project CA related -231 -286 0 1 los abuelitos lp 295 main street suite 100 salinas CA 93901 542156765 low income housing project CA related -14 891925 0 1 walnut place townhomes lp 295 main street suite 100 salinas CA 93901 202238579 low income housing project CA related -28 -73 0 1 sherwood village lp 295 main street suite 100 salinas CA 93901 205283970 low income housing project CA related -61 -109 0 1 vineyard green townhomes lp 295 main street suite 100 salinas CA 93901 208351574 low income housing project CA chispa vineyard gp llc related -186962 -186962 0 1 la gloria lp 295 main street suite 100 salinas CA 93901 800394141 low income housing project CA related -35 -35 0 0 Villa santa clara Partners 295 main street suite 100 salinas CA 93901 770277495 low income housing project CA related 26481 0 0 villa la posada housing partners 295 main street suite 100 salinas CA 93901 770303650 low income housing project CA related 29663 0 0 CHISPA HOUSING MANAGEMENT INC 295 MAIN STREET SUITE 100 salinas CA 93901 942892838 management service to low income housing projects CA C 47202 201364 1.00000 SPARK DEVELOPMENT 295 MAIN STREET SUITE 100 salinas CA 93901 770164502 developer to low income housing projects CA C -364361 -1027051 1.00000 chispa vineyard gp llc 295 MAIN STREET SUITE 100 salinas CA 93901 943466618 general partner to low income housing projects CA C -1458 1542 1.00000 la gloria gp llc 295 MAIN STREET SUITE 100 salinas CA 93901 010934632 general partner to low income housing projects CA C 1.00000 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 26448 chispa provides management and consulting fees to its affilate organizations K 1105771 chispa receives reimbusement for administrative services from affiliated P 183696 organizations