— in expenses

The corporation operated a 45-unit cooperative housing complex consisting of townhouses and apartments for low- and moderate-income persons in hayward, california under the terms of a rental housing construction program (RHCP) regulatory agreement. This project is regulated by the california department of housing and community development as to rent charges and operating methods. The underlying property was sold on december 1, 2022, to den sparks way commons, LLC, a disregarded entity, whose sole member is eden investments, INC., a 501(c)(3) organization. Sparks way had no operational activities during 2023 but expects to resume operations in the future.