2017-11-15T16:32:14-06:00 2016-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY STREET 11TH FLOOR SAN FRANCISCO CA 94105 990 2016-01-01 946115413 PALO ALTO SENIOR HOUSING PROJECT INC PALO 6504941944 455 E CHARLESTON ROAD PALO ALTO CA 94306 SALLY MAHONEY PRESIDENT 6504941944 2017-11-15 1 ALEXIS H WONG P00604756 4159579999 208.185.144.202 2017-11-15 14:32:00 PS P CB06C5F6D665233D36BFA08D6A3718E5007ACCD8 E39559B10FBD7E0F0C8332019CEC93402DFB0C32 2016 2021-01-29 14:40:06Z STEVENSON HOUSE SALLY MAHONEY 455 E CHARLESTON ROAD PALO ALTO CA 94306 935369 0 X N/A X 1965 CA OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING WHERE INDEPENDENT, LOW-INCOME SENIORS ENJOY A SAFE AND CARING COMMUNITY. WE PROVIDED 153 (INCREASE OF 13 FROM 2015) PEOPLE LOW AND VERY LOW INCOME HOUSING IN 120 STUDIO AND ONE BEDROOM UNITS AND PROVIDED 5 EVENING MEALS PER WEEK PLUS SOCIAL AND HEALTH ORIENTED ACTIVITIES TO OFFER THE RESIDENTS A HEALTHY COMMUNITY. SOME UNITS HAVE SECTION 8 SUBSIDIES, WHILE THE REMAINING UNITS ARE RENTED AT BELOW-MARKET RATES TO FURTHER OUR MISSION OF PROVIDING AN ECONOMICALLY VIABLE HOUSING OPTION FOR LOW INCOME SENIORS. COMPLETED 71.8% OF THE FACILITY REHABILITATION REQUIRING EVERY RESIDENT TO TEMPORARILY MOVE OUT - AT OUR COST- IN ORDER TO UPDATE INDIVIDUAL UNITS, IN SEVERE WEATHER CONDITIONS. 10 10 0 30 0 0 240802 88946 1555665 476795 12225258 369628 319050 0 14340775 935369 0 0 0 0 105668 45714 0 0 4223 1551198 288318 1656866 334032 12683909 601337 15753932 16391137 1218374 13367385 14535558 3023752 X OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING WHERE INDEPENDENT, LOW-INCOME SENIORS ENJOY A SAFE AND CARING COMMUNITY. 0 1 263229 476795 THE CORPORATION OPERATES AN APARTMENT COMPLEX CONSISTING OF 120 UNITS FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS UNDER HUD SECTION 202 OF THE NATIONAL HOUSING ACT. 263229 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 6 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 CA X X THE ORGANIZATION 6504941944 455 E CHARLESTON ROAD PALO ALTO CA 94306 X SALLY MAHONEY PRESIDENT 15.00 0.00 X X 0 0 0 ALFRED BAY VICE PRESIDENT 10.00 0.00 X X 0 0 0 JULIE LIN TREASURER 3.00 0.00 X X 0 0 0 GRACE MAH SECRETARY 2.00 0.00 X X 0 0 0 PATRICK O'REGAN ASSITANT SECRETARY 2.00 0.00 X X 0 0 0 TONI DEWAAL DIRECTOR 4.00 0.00 X 0 0 0 JILL HARRIS DIRECTOR 2.00 0.00 X 0 0 0 HELEN MACKENZIE DIRECTOR 8.00 0.00 X 0 0 0 GREGORY SHIRIN DIRECTOR 2.00 0.00 X 0 0 0 CAROL STEINFELD DIRECTOR 2.00 0.00 X 0 0 0 TED MARSTON TREASURER 4.00 0.00 X X 0 0 0 PHYLLIS C CASSEL SECRETARY 10.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 JOHN STEWART COMPANY 104 WHISPERING PINES DR SCOTTS VALLEY CA 95066 PROPERTY MANAGEMENT 117618 1 88946 88946 GROUND LEASE INCOME 531110 415000 415000 PARTNERSHIP MNGT FEE 531110 32000 32000 FOOD SERVICE INCOME 531110 29733 29733 LAUNDRY AND OTHER 531110 62 62 476795 369628 369628 935369 476795 0 369628 28514 28514 1888 1888 10624 10624 4688 4688 1200 1200 41500 41500 3575 3575 62 62 29557 29557 FOOD SERVICE EXPENSE 126252 126252 RESIDENT SERVICES 33761 33761 BOOKKEEPING 25080 25080 ADMINISTRATIVE 8431 8431 18900 14677 4223 334032 263229 66580 4223 1314452 342908 1049167 386463 87474 37496 24449 90318 90318 90318 1649866 15000 13173072 13884086 15753932 16391137 31787 8260 985237 985237 201350 12373888 1218374 13367385 X 14535558 3023752 14535558 3023752 15753932 16391137 X 601337 36587 -12149730 X X 0 1 X 1 1 1 X 963948 958203 903722 240802 88946 3155621 963948 958203 903722 240802 88946 3155621 3155621 1251 1204 1539 80712 476795 561501 3717122 4840597 0.84890 0.98020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90318 90318 90318 RELATED PARTY RECEIVABLE 13520694 GROUND LEASE RECEIVABLE 363392 13884086 INTEREST PAYABLE 230880 SHARE OF PASS-THROUGH LOSSES IN EXCESS OF ASSETS OF OTHER COMPANIES 12143008 12373888 X 963678 36587 -8278 28309 935369 0 935369 325754 0 325754 8278 8278 334032 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS FOR THE YEARS 2012 THROUGH 2015 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INVESTMENT IN OTHER COMPANIES -8,278. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON INVESTMENT IN OTHER COMPANIES 8,278. FORM 990, PART III, LINE 3 CONSTRUCTION CLOSED COMMON AREA FOR MOST OF THE YEAR, LIMITING SERVICES TO THOSE THAT COULD BE PROVIDED IN SMALLER RENTAL SPACE AVAILABLE DURING THIS TIME. FORM 990, PART V, LINE 2A & 2B AND FORM 990, PART IX, LINE 5 & 7 EMPLOYEES' SALARIES WERE PAID BY THE PROPERTY MANAGMENT COMPANY. THE ORGANIZATION REIMBURSED THE PROPERTY MANAGEMENT COMPANY FOR ALL RELATED PAYROLL COSTS. FORM 990, PART VI, SECTION A, LINE 3 JOHN STEWART COMPANY PROVIDED PROPERTY MANAGEMENT AND ACCOUNTING SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 RETURNS ARE REVIEWED BY TWO COMMITTEES, FINANCE AND AUDIT, EACH BOARD MEMBER IS GIVEN A COPY PRIOR TO BOARD DISCUSSION AND APPROVAL OF THE FORM 990 TO BE SUBMITTED, SIGNED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY EACH YEAR. BOARD MEMBERS CANNOT VOTE OR PARTICIPATE IN DELIBERATION ON ISSUES IN WHICH THEY HAVE A FINANCIAL INTEREST. NO SUCH SITUATIONS AROSE. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS AVAILALBE ON THE WEBSITE AND OTHER DOCUMENTS ARE AVAILABLE BY REQUEST IN THE ADMINISTRATION FORM 990, PART XI, LINE 9: LOSS IN THE INVESTMENT OF OTHER COMPANIES -12,149,730. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. 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