PRELIMINARY BUDGET
FISCAL YEAR 2025-26
Montclair Housing Corporation
FY 2025-26 PRELIMINARY BUDGET
TABLE OF CONTENTS
Montclair Housing Board of Directors ..................................................................1-2 List of Properties......................................................................................................3-4 Departmental Assignment of Positions.................................................................5-6 Sources and Uses Statement............................................................................... 7-8 Justification of Expenditure Requests .................................................................9-12
Board of Directors
MONTCLAIR HOUSING CORPORATION
BOARD OF DIRECTORS
Javier John Dutrey, Chair
Corysa Martinez, Vice Chair
Bill Ruh, Board Member
Benjamin Lopez, Board Member
Xavier Mendez, Board Member
Edward C. Starr, President
List of Properties
Multifamily Properties
1. 10313 Amherst Avenue (4 units)
2. 10323 Amherst Avenue (4 units)
3. 10330 Amherst Avenue (4 units)
4. 10333 Amherst Avenue (4 units)
5. 10380 Amherst Avenue (4 units)
6. 10383 Amherst Avenue (4 units)
7. 10390 Amherst Avenue (4 units)
8. 10410 Amherst Avenue (4 units)
9. 4791 Canoga Street (4 units) (Helena Gardens HOA)
10. 4811 Canoga Street (14 units) (Helena Gardens HOA)
11. 4820 Canoga Street (14 units)
12. 4275 Kingsley Street (4 units)
13. 10333 Pradera Avenue (4 units) (Montclair Meadows HOA)
14. 10380 Pradera Avenue (4 units) (Montclair Meadows HOA)
15. 10390 Pradera Avenue (4 units) (Montclair Meadows HOA) Single-family Properties
1. 9448 Carrillo Avenue (Montclair Patio Homes HOA)
2. 9644 Central Avenue
3. 9741 Central Avenue
4. 9751 Central Avenue
5. 9761 Central Avenue
6. 9795 Central Avenue
7. 9815 Central Avenue
8. 9945 Central Avenue
9. 9963 Central Avenue
10. 10052 Central Avenue
11. 10053 Central Avenue
12. 10079 Central Avenue
13. 10087 Central Avenue
14. 10215 Central Avenue
15. 10235 Central Avenue
16. 9010 Fremont Avenue
17. 10291 Greenwood Avenue
18. 9603 S Mills Avenue
19. 9814 Monte Vista Avenue
20. 9875 Monte Vista Avenue
21. 9878 Monte Vista Avenue
22. 5072 Moreno Street
23. 5290 Orchard Street
24. 5225 Palo Verde Street
25. 5444 Palo Verde Street
26. 9729 Ramona Street
Departmental Assignment
of Positions
Montclair Housing Corporation
Departmental Assignment of Positions
Fiscal Year 2025-2026
MHC Position
President
Vice President
Chief Financial Officer
Senior Accountant
Housing Associate
City Position
City Manager
Director of Economic
Development
Director of Finance
Senior Accountant
Housing Associate
Sources and Uses Statement
$1,024,581
Rental Income 1,200,000
Interest Income 18,000
1,218,000
Subtotal 2,242,581
Salaries and Benefits 0
Audit 1,000
MHC Property Expenses 600,000
Building – Major Improvements 600,000
General Insurance (4330 & 4901) 51,000
Misc/Service Awards/Auto Expenses 11,450
Health Permit 950
Legal 25,000
Other Professional Services 0
1,289,400
953,181
953,181
0 $953,181
Appropriations:
Estimated Fund Balance, July 1, 2025
MONTCLAIR HOUSING CORPORATION
SOURCES AND USES STATEMENT
FOR THE YEAR ENDING JUNE 30, 2025
Estimated Revenue:
Administrative Costs
Projected Total Fund Balance
Assigned Fund Balance for long-term maintenance and repair Unassigned Fund Balance
Estimated Fund Balance, June 30, 2026
Justification of Expenditure
Requests
MONTCLAIR HOUSING CORPORATION
JUSTIFICATION OF 2025-2026 EXPENDITURE REQUESTS
Property Expenses--$600,000
Association Dues
4811 Canoga Street
Helena Gardens Owners Association annual dues
4791 Canoga Street
Helena Gardens Owners Association annual dues
10333 Pradera Avenue
Montclair Meadows Owners Association annual dues
10380 Pradera Avenue
Montclair Meadows Owners Association annual dues
10390 Pradera Avenue
Montclair Meadows Owners Association annual dues
9448 Carrillo Avenue
Montclair Patio Homes Owners Association annual dues
Management Contract Fees
J. D. Property Management, Inc. annual fees for the management of the MHC properties.
Utilities
Water, electricity, gas, trash and sewer costs associated with the MHC properties.
Building Maintenance-Upkeep
Day-to-day maintenance costs for the MHC properties that includes, but is not limited to, on-site manager salaries, landscape maintenance and improvements, fence repairs and/or replacement, interior painting, cleaning, new carpeting, unit turn-arounds, unforeseen plumbing and electrical repairs, and graffiti removal.
MONTCLAIR HOUSING CORPORATION
JUSTIFICATION OF 2025-2026 EXPENDITURE REQUESTS
Building Repairs-Major--$600,000
Multifamily Units. ($400,000)
Amherst, Canoga, Pradera, and Kingsley apartment remodels for specific units at the time of a turnaround as needed.
Amherst, Canoga, Pradera, and Kingsley apartment exterior painting, fascia repair, and roof replacement as needed
Amherst, Canoga, Pradera, and Kingsley apartment landscape restoration and landscape material replenishment as needed.
Amherst, Canoga, Pradera, and Kingsley apartment tree trimming as needed.
Amherst, Canoga, Pradera, and Kingsley apartment deck re-sealing and replacement as needed.
Amherst, Canoga, Pradera, and Kingsley apartment replacement of fencing as needed.
Amherst, Canoga, Pradera, and Kingsley apartment exterior lighting replacement as needed.
Amherst, Canoga, Pradera, and Kingsley apartment replacement of electrical panels as needed.
Single Family Units. ($200,000)
Remodels for specific units at the time of a turnaround as needed.
Exterior painting, fascia repair, and roof replacement as needed Landscape restoration and landscape material replenishment as needed.
Tree trimming as needed.
Replacement of fencing as needed.
Replacement of exterior lighting as needed.
Replacement of electrical panels as needed
MONTCLAIR HOUSING CORPORATION
JUSTIFICATION OF 2025-2026 EXPENDITURE REQUESTS
Miscellaneous/Service Awards/Auto Expenses--$11,450
Estimated cost of miscellaneous, service awards, and auto expenses. ($450) Fire Extinguishers for multifamily units and single family units ($10,000) Fire Extinguisher stickers ($1,000)
Legal Costs--$25,000
Estimated cost of legal fees for the Montclair Housing Corporation.
Health Permit--$950
Health Permit for the pools at 4811 and 4820 Canoga Street apartments.
Audit Fees--$1,000
Cost of audit fees for the Montclair Housing Corporation.
ASSIGNED FUND BALANCE LONG-TERM MAINTENANCE/REPLACEMENT--$953,181 Reserve for long-term maintenance/replacement of capital improvements pursuant to Reserve Study.