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Nonprofiteer
← VILLAGE AT OASIS PARK - PHASE I INC

Form 990 for tax year 2024

Filed by VILLAGE AT OASIS PARK - PHASE I INC.

Totals

Total revenue
$132,467
Total expenses
$219,002
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$130,952
Investment income
$1,515
Other revenue
$0
Total assets, end of year
$2,250,715
Total liabilities, end of year
$334,287
Net assets or fund balances, end of year
$1,916,428
Program services expenses (Part IX)
$183,486
Management and general expenses
$35,516
Fundraising expenses
$0
Program service expenses (Part III)
$183,486

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RESIDENTIAL HOUSING

    total $129,203 · related or exempt $129,203

  • 2b · Program service revenue: INCIDENTAL INCOME

    total $1,749 · excluded $1,749

  • 3 · Investment income

    total $1,515 · excluded $1,515

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $15,150 · management and general $15,150

  • 11g · Fees: other

    total $13,064 · management and general $13,064

  • 16 · Occupancy

    total $99,987 · program services $99,987

  • 22 · Depreciation, depletion and amortization

    total $78,475 · program services $78,475

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $7,302 · management and general $7,302

  • 24b · Other expenses: OTHER EXPENSES

    total $4,844 · program services $4,844

  • 24c · Other expenses: EQUIPMENT

    total $112 · program services $112

  • 24d · Other expenses: SUPPLIES

    total $68 · program services $68

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,925 · end of year $30,675

  • 2 · Savings and temporary cash investments

    beginning of year $101,017 · end of year $110,311

  • 4 · Accounts receivable

    beginning of year $66,251 · end of year $132,721

  • 10a · Land, buildings and equipment: cost or other basis

    $3,011,021

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,038,551

  • 10c · Land, buildings and equipment, net

    beginning of year $2,050,945 · end of year $1,972,470

  • 15 · Other assets

    beginning of year $5,232 · end of year $4,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,181 · end of year $24,118

  • 21 · Escrow or custodial account liability

    beginning of year $4,001 · end of year $3,376

  • 25 · Other liabilities

    beginning of year $238,395 · end of year $306,793

  • 27 · Net assets without donor restrictions

    beginning of year -$332,407 · end of year -$422,772

  • 28 · Net assets with donor restrictions

    beginning of year $2,339,200 · end of year $2,339,200

Mission and programs · 2024

Mission

PROVIDE LOW-INCOME HOUSING TO PERSONS WITH DISABILITIES.

  • PROVIDE LOW-INCOME HOUSING TO PERSONS WITH DISABILITIES.

    Expenses $183,486 · Revenue $129,203

As filed on the 2024 return.

Listed in Part VII

  • Sharareh Najafi-Piper

    CEO

    Total calculated
    $679,710
    From this org
    $0
    From related orgs
    $654,411
    Other
    $25,299
    Hours/week
    1.5 + 48.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,000 related
    Bonus
    $0 + $243,892 related
    Other
    $0 + $10,519 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,299 related
    Filer's total
    $0 + $679,710 related

  • Martin Quintana

    CFO (THROUGH JANUARY 2024)

    Total calculated
    $331,641
    From this org
    $0
    From related orgs
    $297,290
    Other
    $34,351
    Hours/week
    1.5 + 48.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,000 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $2,290 related
    Deferred
    $0 + $14,603 related
    Nontaxable benefits
    $0 + $19,748 related
    Filer's total
    $0 + $331,641 related

  • Joe Keeper

    CFO (AS OF APRIL 2025)

    Total calculated
    $64,668
    From this org
    $0
    From related orgs
    $60,628
    Other
    $4,040
    Hours/week
    1.5 + 48.5 related

  • David Day

    CHAIR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Holly Williams

    VICE CHAIR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Don Fowls MD

    SECRETARY

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Brian Kotsur

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Brian Middleton

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Tom Simplot

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Jon Scott Williams

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.25 + 3.75 related

  • Craig Cardon

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 3.75 related

  • Abraham Barton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 3.75 related

  • Patrick Cardon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 3.75 related

  • Wilford Cardon

    DIRECTOR (THROUGH JUNE 2025)

    Total calculated
    $0
    Hours/week
    0.25 + 3.75 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY COPA HEALTH, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY COPA HEALTH IN DETERMINING THE CEO'S COMPENSATION: 1. INDEPENDENT COMPENSATION CONSULTANT 2. FORM 990 OF OTHER ORGANIZATIONS 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LA VICTORIA COMMONS LP

    LIHTC HOUSING COMMUNITY · AZ

  • LA VICTORIA COMMONS 4 LIHTC LP

    LIHTC HOUSING COMMUNITY · AZ

  • PARKWAY COMMONS

    LIHTC HOUSING COMMUNITY · AZ

  • 120 N BEVERLY LP

    LIHTC HOUSING COMMUNITY · AZ

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TECMARC

    C · PROPERTY MANAGEMENT · AZ

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202632299349301223

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