WOMEN ORGANIZING RESOURCES KNOWLEDGE AND SERVICES (WORKS)

820 BURLINGTON, L.P. A CALIFORNIA LIMITED PARTNERSHIP, (THE SUBSIDIARY) WAS FORMED AS A LIMITED PARTNERSHIP UNDER THE LAWS OF THE STATE OF CALIFORNIA ON JULY 7, 2008, FOR THE PURPOSE OF ACQUIRING, DEVELOPING, CONSTRUCTING, OWNING AND MANAGING AN AFFORDABLE RENTAL HOUSING PROJECT. THE PROJECT CONSISTS OF A 21 UNIT RESIDENTIAL PROPERTY (1 BUILDING) CONSISTING OF MULTIFAMILY AFFORDABLE HOUSING LOCATED AT 820 S. BURLINGTON, LOS ANGELES, CALIFORNIA (THE PROJECT). THE PROJECT WAS DEVELOPED AS NEW CONSTRUCTION INTENDED FOR USE BY SPECIAL NEEDS TENANTS, MORE SPECIFICALLY TRANSITION AGED YOUTH (TAY) THAT ARE:- HOMELESS- MENTAL HEALTH CHALLENGESTHE PROJECT WAS PLACED IN SERVICE IN NOVEMBER OF 2011.7TH AVENUE VILLAGE LP IS A PROPOSED 142-UNIT PERMANENT SUPPORTIVE HOUSING PROJECT (UNDER CONSTRUCTION AS OF DECEMBER 31, 2023) LOCATED IN THE HACIENDA HEIGHTS AREA OF THE COUNTY OF LOS ANGELES WITH AN ANTICIPATED COMPLETION OF CONSTRUCTION SCHEDULED FOR LATE 2025; THE PROPERTY IS A CONVERSION OF A FORMER MOTEL 6 PROPERTY AT THE SITE. A HOMEKEY DEVELOPMENT WITH FUNDING FROM THE STATE OF CALIFORNIA AND THE COUNTY OF LOS ANGELES, THE PROPERTY WILL OFFER HOUSING WITH INTENSIVE SUPPORTIVE SERVICES TO FORMERLY HOMELESS INDIVIDUALS, WITH A PRIORITY FOR HOMELESS INDIVIDUALS IN THE SURROUNDING AREA. SUPPORTIVE CASE MANAGEMENT SERVICES WILL BE PROVIDED BY A WORKS CONTRACTED PARTNER, HOUSING WORKS.COURT STREET APARTMENTS, L.P., (THE "PARTNERSHIP") WAS FORMED AS A LIMITED PARTNERSHIP UNDER THE LAWS OF THE STATE OF CALIFORNIA ON SEPTEMBER 30, 2002, AND SUBSEQUENTLY AMENDED ON OCTOBER 1, 2003, FOR THE PURPOSE OF DEVELOPING, CONSTRUCTING AND MANAGING A RENTAL HOUSING PROJECT. THE PROJECT CONSISTS OF A 24 UNIT RESIDENTIAL PROPERTY (1 BUILDING) CONSISTING OF MULTIFAMILY AFFORDABLE HOUSING LOCATED AT 1301 COURT STREET, LOS ANGELES, CALIFORNIA (THE "PROJECT"). THE PROJECT WAS DEVELOPED AS NEW CONSTRUCTION INTENDED FOR USE BY LARGE FAMILIES, AND WAS PLACED IN SERVICE IN NOVEMBER OF 2005. THE FORMER LIMITED PARTNER EXITED IN 2022, AS A RESULT, THE PARTNERSHIP'S ACTIVITIES ARE NOW BEING CONSOLIDATED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. INGRAM PRESERVATION, L.P., (THE "PARTNERSHIP") WAS FORMED AS A LIMITED PARTNERSHIP UNDER THE LAWS OF THE STATE OF CALIFORNIA ON APRIL 19, 2004, AND SUBSEQUENTLY AMENDED ON JUNE 1, 2004, FOR THE PURPOSE OF ACQUIRING, REHABILITATING AND MANAGING A RENTAL HOUSING PROJECT. THE PROJECT CONSISTS OF A 140 UNIT RESIDENTIAL PROPERTY (7 BUILDINGS) MADE UP OF AFFORDABLE HOUSING IN SEVEN SCATTERED SITES LOCATED IN THE SOUTH LOS ANGELES AND WEST ADAMS NEIGHBORHOODS, AT 234 N. LAKE STREET, 2120 2ND AVENUE, 1935 LA SALLE AVENUE, 1525 S. ST ANDREWS, 1809 S. VAN NESS, 1225 W. 39TH PLACE, 1075-79 W. 39TH PLACE, LOS ANGELES, CALIFORNIA (THE "PROJECT"). THE PROJECT WAS DEVELOPED AS A REHABILITATION/PRESERVATION INTENDED FOR USE BY BOTH SENIORS AND FAMILIES, AND WAS PLACED IN SERVICE IN 2006. THE FORMER LIMITED PARTNER EXITED IN 2022, AS A RESULT, THE PARTNERSHIP'S ACTIVITIES ARE NOW BEING CONSOLIDATED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF 820 BURLINGTON, L.P., 7TH AVENUE VILLAGE LP, COURT STREET APARTMENTS, L.P. AND INGRAM PRESERVATION, L.P. AS THEY REPRESENT INVESTMENTS IN LIMITED PARTNERSHIPS IN WHICH W.O.R.K.S. HAS CONTROLLING INTERESTS. THIS ENTITIES ARE INCLUDED IN THE CONSOLIDATION ACCORDING TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WHICH REQUIRE THAT PARTNERSHIP ACCOUNTS BE CONSOLIDATED FOR ALL LIMITED PARTNERSHIPS WHICH ARE DEEMED TO BE CONTROLLED BY THE ORGANIZATION. ALL SIGNIFICANT INTERCOMPANY TRANSACTIONS HAVE BEEN ELIMINATED IN CONSOLIDATION.