Affordable Housing Development Fund Inc.

990 • Fiscal year 2013 • EIN 39-1906153

Jan 01, 2013 to Dec 31, 2013 • Filed on May 08, 2014

Organization Profile N/A

973 Featherstone Road No 325Rockford, IL 61107

(815) 397-8827

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.96x

Higher debt load relative to assets than 90% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

2.97x

Higher debt load relative to revenue than 86% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

-0.8%

Higher net margin than 27% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

$144,500

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

24%

Faster asset growth than 89% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2013

90%

Faster revenue growth than 91% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2011 to 2013

Balance Sheet

Liabilities / Assets90th percentile

Assets

$69,047,090

Up $13,213,185 (+24%) from 2012

Net Assets

$2,849,665

Up $2,168,506 (+318%) from 2012

Liabilities

$66,197,425

Up $11,044,679 (+20%) from 2012

Revenue And Expenses

Liabilities / Revenue86th percentile Net Margin27th percentile

Revenue

$22,310,567

No earlier filing loaded for comparison.

Expenses

$22,484,560

Up $3,308,804 (+17%) from 2012

Net Income

-$173,993

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2013

Assets$69,047,090

Liabilities$66,197,425

Net Assets$2,849,665

Open 2013 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2013

Revenue$22,310,567

Expenses$22,484,560

Net Income-$173,993

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: May 8, 2014
Return Version: 2013v3.0
Gross Receipts: $22,310,567

Mission and Program Overview

Mission

The corporation's charitable purpose includes, among other things, ownership, development, preservation and management of affordable, safe, good quality, well-maintained housing communities.

Development, preservation and management of affordable, safe, quality, well-maintained housing communities

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$37,397,080	$48,146,874	▲ $10,749,794
Loans From Officers Directors	$3,225,000	-	-
Cash and Non-Interest-Bearing Accounts	$2,156,606	$2,325,579	▲ $168,973
Accounts Receivable	$435,755	$1,195,004	▲ $759,249
Investments Other Securities	$585,428	$-1,015,447	▼ $1,600,875
Total Assets	$55,833,905	$69,047,090	▲ $13,213,185
Other Assets Total	$15,259,036	$18,395,080	▲ $3,136,044
Liabilities
Mortgage Notes Payable Secured by Investment Property	$50,666,438	$61,912,598	▲ $11,246,160
Other Liabilities	$1,026,129	$3,896,696	▲ $2,870,567
Accounts Payable and Accrued Expenses	$219,822	$343,458	▲ $123,636
Deferred Revenue	$15,357	$44,673	▲ $29,316
Total Liabilities	$55,152,746	$66,197,425	▲ $11,044,679
Net Assets / Fund Balance
Unrestricted Net Assets	$681,159	$2,849,665	▲ $2,168,506
Total Net Assets Fund Balance	$681,159	$2,849,665	▲ $2,168,506
Total Liabilities and Net Assets / Fund Balance	$55,833,905	$69,047,090	▲ $13,213,185

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$43,646,347	$55,221,985	$98,868,332
Land	$4,500,527	-	$4,500,527
Other Assets Org	$1,437	-	-

Compensation and Service Providers

Top Officer Pay15th percentile

Employees

Name	Title	Base	Total
Perry Harenda	Director of Affordable Housing	$144,500	$144,500
Brian Brooks	Director of Operations	$144,143	$144,143
Gerald Walters	Director of Property Management	$143,196	$143,196
Rino Saverio Burdi	Dir.& Pres.(resigned as Pres. 2014)	$5,000	$5,000
Earl J De Cloux	Director	$5,000	$5,000
Jack Ahrens	Director	$5,000	$5,000
Ken Smith	Director	$5,000	$5,000
Mark E Adams	Director	$5,000	$5,000
Thomas Van Vleet	Dir.& Vice Pres.(pres. 2014)	$5,000	$5,000

Highest Paid Contractors

Contractor	Services	Location	Compensation
Keystone Risk Management	Insurance	-	$761,963
Dauby O'connor & Zaleski LLC	Accounting Fees	-	$279,811
Rural Housing Consultants	Consulting Fees	-	$240,000
Reinhart Boerner Van Deuren Sc	Legal Fees	-	$187,856

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $22,547,607
Investment Income: $0
Other Revenue: $-237,040
Change in Net Assets: $-173,993

Audited Revenue Reconciliation

Revenue per Audited Statements: $22,310,567
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $6,228,047
Total Revenue per Audited Statements: $28,538,614
Total Revenue per Form 990: $22,310,567

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$22,454,560
Salaries, Compensation, and Employee Benefits	$30,000
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Expenses	$16,550,776	$1,444,460	-	$17,995,236
Depreciation Depletion	$2,400,456	-	-	$2,400,456
Interest	-	$2,058,868	-	$2,058,868
Current Officers, Directors, Trustees, and Key Employees	-	$30,000	-	$30,000
Total Functional Expenses	$18,951,232	$3,533,328	$0	$22,484,560

Audited Expense Reconciliation

Line Item	Amount
Total Expenses per Audited Statements	$28,753,922
Expenses per Audited Statements	$22,484,560
Total Expenses per Form 990	$22,484,560
Expenses Not Reported on Form 990	$6,269,362
Expenses Not Reported on Financial Statements	$0

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Interested-Person Transactions

Interested Party	Relationship	Description	Shared Revenue	Amount
Michael Moore-see Part V	Consulting	MICHAEL MOORE IS MANAGING MEMBER OF RURAL HOUSING CONSULTANTS, LLC. RURAL HOUSING CONSULTANTS, LLC PROVIDED CONSULTING TO AHDF, INC DURING 2012 ON A NO CHARGE BASIS AND IN 2013 FOR A FEE OF $240,000, WHICH WAS SUBSTANTIALLY BELOW MARKET. MICHAEL MOORE IS ALSO THE FORMER OWNER OF STAR-HOLDINGS OF ILLINOIS, LLC WHICH PROVIDED VARIOUS SERVICES TO AFFORDABLE HOUSING PARTNERSHIPS INCLUDING THOSE IN WHICH AHDF HOLDS OWNERSHIP INTERESTS. AHDF PURCHASED STAR-HOLDINGS OF ILLINOIS, LLC FROM MICHAEL MOORE ON DECEMBER 30, 2011.	No	$240,000

Loans and Receivables

Line Item	Beginning	End	Change
Loans from Officers, Directors, Trustees, and Key Employees	$3,225,000	-	-

Related Organizations and Partnerships

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
36-3926507	-	Low and Moderate Income Apartment Complex	$-83,971	$1,677,930	1%	No
36-6686755	-	Low and Moderate Income Apartment Complex	$-111,075	$1,610,036	33.50%	Yes
33-1150994	-	Low and Moderate Income Apartment Complex	$-26	$1,266,566	5%	Yes
36-4457818	-	Low and Moderate Income Apartment Complex	$33,624	$1,242,640	49%	Yes
36-3614027	-	Low and Moderate Income Apartment Complex	$53,841	$1,025,674	60%	Yes
38-3876681	-	Low and Moderate Income Apartment Complex	$-20	$694,764	1%	Yes
30-0745007	-	Low and Moderate Income Apartment Complex	-	$683,459	-	Yes
02-0575210	-	Low and Moderate Income Apartment Complex	$-13	$514,375	0.01%	Yes
30-0534449	-	Low and Moderate Income Apartment Complex	$-26,122	$472,139	5%	Yes
75-1947129	-	Low and Moderate Income Apartment Complex	$142,020	$452,162	0.01%	No
32-0368746	-	Low and Moderate Income Apartment Complex	$-10	$440,975	-	Yes
27-0141387	-	Low and Moderate Income Apartment Complex	$-9	$412,115	49%	Yes
30-0534439	-	Low and Moderate Income Apartment Complex	$-33,764	$398,394	5%	Yes
30-0635840	-	Low and Moderate Income Apartment Complex	$-9	$384,315	0.01%	Yes
32-0368437	-	Low and Moderate Income Apartment Complex	-	$355,679	-	Yes
20-8455361	-	Low and Moderate Income Apartment Complex	$-20	$335,870	0.01%	Yes
36-2932884	-	Low and Moderate Income Apartment Complex	$-287	$329,625	0.01%	Yes
36-3829558	-	Low and Moderate Income Apartment Complex	$3,066	$307,257	99.25%	Yes
84-1719794	-	Low and Moderate Income Apartment Complex	$-25	$240,850	49%	Yes
90-0127325	-	Low and Moderate Income Apartment Complex	$-4	$235,553	0.01%	Yes
35-1511670	-	Low and Moderate Income Apartment Complex	$67,857	$210,838	5%	Yes
02-0575229	-	Low and Moderate Income Apartment Complex	$-16	$198,358	5%	Yes
26-3730424	-	Low and Moderate Income Apartment Complex	$-29	$169,953	0.01%	Yes
31-0976817	-	Low and Moderate Income Apartment Complex	$1,615	$165,800	10.57%	Yes
31-0908452	-	Low and Moderate Income Apartment Complex	$-1,002	$149,899	10.58%	Yes
36-4408592	-	Low and Moderate Income Apartment Complex	$-14	$138,526	0.01%	Yes
39-1379403	-	Low and Moderate Income Apartment Complex	$12,444	$134,010	66.66%	Yes
36-4468555	-	Low and Moderate Income Apartment Complex	$-70,928	$130,270	50%	Yes
36-3933196	-	Low and Moderate Income Apartment Complex	$-13,837	$127,778	0.01%	Yes
38-3754036	-	Low and Moderate Income Apartment Complex	$-1	$119,537	0.01%	Yes
31-0938891	-	Low and Moderate Income Apartment Complex	$285	$115,913	28%	Yes
54-2084537	-	Low and Moderate Income Apartment Complex	$-1	$107,835	0.01%	Yes
36-4282976	-	Low and Moderate Income Apartment Complex	$-30	$102,072	0.01%	Yes
31-1116370	-	Low and Moderate Income Apartment Complex	$-6,092	$95,470	20.72%	Yes
36-4452247	-	Low and Moderate Income Apartment Complex	$-2,091	$91,624	5%	Yes
35-1550300	-	Low and Moderate Income Apartment Complex	$-3,112	$80,520	5%	Yes
36-3162627	-	Low and Moderate Income Apartment Complex	$8,457	$77,141	25%	Yes
37-1536023	-	Low and Moderate Income Apartment Complex	$-11	$74,685	0.01%	Yes
27-0141393	-	Low and Moderate Income Apartment Complex	$-7	$72,581	99%	Yes
20-2598609	-	Low and Moderate Income Apartment Complex	$-643	$70,911	0.01%	Yes
80-0376206	-	Low and Moderate Income Apartment Complex	$-79	$69,561	0.01%	Yes
31-1189469	-	Low and Moderate Income Apartment Complex	$-1,983	$68,785	0.01%	Yes
55-0696638	-	Low and Moderate Income Apartment Complex	$-6,913	$68,720	23.16%	Yes
31-1167975	-	Low and Moderate Income Apartment Complex	$-7,457	$66,232	2.85%	Yes
39-1658761	-	Low and Moderate Income Apartment Complex	$-23,743	$65,399	1.01%	Yes
55-0700266	-	Low and Moderate Income Apartment Complex	$-896	$65,009	0.01%	Yes
20-2598532	-	Low and Moderate Income Apartment Complex	$-5	$64,196	0.01%	Yes
36-3155835	-	Low and Moderate Income Apartment Complex	$-520	$63,231	0.01%	Yes
35-1537732	-	Low and Moderate Income Apartment Complex	$-535	$61,686	1.01%	Yes
55-0696639	-	Low and Moderate Income Apartment Complex	$-3,246	$57,076	18.17%	Yes
39-1408834	-	Low and Moderate Income Apartment Complex	$54,381	$-43,872	1%	Yes
36-4605232	-	Low and Moderate Income Apartment Complex	$-12	$53,673	0.01%	Yes
02-0717775	-	Low and Moderate Income Apartment Complex	$-1,856	$52,713	50%	Yes
31-1078558	-	Low and Moderate Income Apartment Complex	$-10,645	$48,682	0.01%	Yes
35-1633008	-	Low and Moderate Income Apartment Complex	$-19	$42,476	5%	Yes
30-0534429	-	Low and Moderate Income Apartment Complex	$-18,972	$38,011	1%	Yes
73-1505282	-	Low and Moderate Income Apartment Complex	$-8,434	$36,781	0.01%	Yes
02-0717768	-	Low and Moderate Income Apartment Complex	$-1,979	$35,326	0.01%	Yes
02-0717764	-	Low and Moderate Income Apartment Complex	$-27,206	$34,430	50%	Yes
61-1518876	-	Low and Moderate Income Apartment Complex	$-21	$34,023	0.01%	Yes
04-3655279	-	Low and Moderate Income Apartment Complex	$-3	$32,412	100%	Yes
61-1028890	-	Low and Moderate Income Apartment Complex	$-900	$32,124	5%	Yes
36-3018398	-	Low and Moderate Income Apartment Complex	$1,043	$30,374	0.01%	Yes
35-1636912	-	Low and Moderate Income Apartment Complex	$754	$30,067	5%	Yes
36-3715955	-	Low and Moderate Income Apartment Complex	$-589	$29,256	5%	Yes
20-2598644	-	Low and Moderate Income Apartment Complex	$-9	$26,974	0.01%	Yes
31-1251931	-	Low and Moderate Income Apartment Complex	$-4,706	$26,465	1%	Yes
20-2598580	-	Low and Moderate Income Apartment Complex	$-51	$26,153	0.01%	Yes
31-1047623	-	Low and Moderate Income Apartment Complex	$-4,425	$19,741	7.29%	Yes
35-1992775	-	Low and Moderate Income Apartment Complex	$-1,497	$18,334	1%	Yes
33-1560228	-	Low and Moderate Income Apartment Complex	$-3,063	$16,758	1%	Yes
35-1636552	-	Low and Moderate Income Apartment Complex	$-309	$16,227	5%	Yes
35-1786915	-	Low and Moderate Income Apartment Complex	$-261	$14,318	1%	Yes
31-1047629	-	Low and Moderate Income Apartment Complex	$5,685	$11,827	0.01%	Yes
35-1620933	-	Low and Moderate Income Apartment Complex	$852	$11,482	5%	Yes
35-1615850	-	Low and Moderate Income Apartment Complex	$-8,777	$10,128	5%	Yes
31-0962129	-	Low and Moderate Income Apartment Complex	$-1,037	$5,266	1%	Yes
35-1992772	-	Low and Moderate Income Apartment Complex	$-11,141	$2,241	2.50%	Yes
30-0585475	-	Low and Moderate Income Apartment Complex	$-41	$373	0.01%	Yes
55-0708075	-	Low and Moderate Income Apartment Complex	$-696	$266	0.01%	Yes
20-8524250	-	Low and Moderate Income Apartment Complex	$-6	$115	99%	No
95-3339380	-	Low and Moderate Income Apartment Complex	$-1	$37	-	Yes
32-0378693	-	Low and Moderate Income Apartment Complex	$-9	$24	-	Yes
32-0373767	-	Low and Moderate Income Apartment Complex	$-1	$6	-	Yes
32-0383844	-	Low and Moderate Income Apartment Complex	-	-	-	Yes
90-0634552	-	Low and Moderate Income Apartment Complex	$-14	$-18,448	50%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
36-4259240	-	Development, Ownership, and Management of Affordable Housing Complexes	$1,265,339	$24,589,915	-
36-4259240	-	Management of Affordable Housing Complexes	$14,418,048	$12,827,338	-
80-0014768	-	Ownership of Affordable Housing Complexes	$247,973	$11,833,948	-
99-9999999	-	Low and Moderate Income Apartment Complex	$103,999	$11,409,907	-
33-0624956	-	Low and Moderate Income Apartment Complex	$333,348	$10,660,067	-
36-3830843	-	Low and Moderate Income Apartment Complex	$547,371	$8,862,011	-
73-1521520	-	Low and Moderate Income Apartment Complex	$1,269,758	$8,761,419	-
36-3445191	-	Low and Moderate Income Apartment Complex	$249,788	$8,198,972	-
73-1521519	-	Low and Moderate Income Apartment Complex	$249,761	$8,132,583	-
36-4065375	-	Low and Moderate Income Apartment Complex	$488,323	$6,351,803	-
39-1906153	-	Low and Moderate Income Apartment Complex	$122,288	$6,169,949	-
39-1909716	-	Low and Moderate Income Apartment Complex	$58,501	$5,549,303	-
36-4188904	-	Low and Moderate Income Apartment Complex	$28,572	$4,196,389	-
37-1371123	-	Low and Moderate Income Apartment Complex	$222,631	$4,157,222	-
36-3868070	-	Low and Moderate Income Apartment Complex	$208,470	$4,038,890	-
73-1418455	-	Low and Moderate Income Apartment Complex	$455,210	$3,958,002	-
36-3564149	-	Low and Moderate Income Apartment Complex	$244,631	$3,860,897	-
75-2362101	-	Low and Moderate Income Apartment Complex	$293,407	$3,753,478	-
39-1906153	-	Low and Moderate Income Apartment Complex	$685,767	$3,134,184	-
39-1658761	-	Low and Moderate Income Apartment Complex	$156,394	$3,116,411	-
74-2631604	-	Low and Moderate Income Apartment Complex	$290,883	$2,451,820	-
35-1890703	-	Low and Moderate Income Apartment Complex	$196,940	$2,449,788	-
87-0720260	-	Low and Moderate Income Apartment Complex	$310,739	$2,282,637	-
36-3365531	-	Low and Moderate Income Apartment Complex	$118,336	$2,209,441	-
39-1660966	-	Low and Moderate Income Apartment Complex	$107,816	$2,192,384	-
35-1890705	-	Low and Moderate Income Apartment Complex	$119,335	$2,186,758	-
74-2611203	-	Low and Moderate Income Apartment Complex	$336,240	$2,155,984	-
35-1801125	-	Low and Moderate Income Apartment Complex	$128,323	$2,110,710	-
75-2361950	-	Low and Moderate Income Apartment Complex	$167,571	$2,062,017	-
35-1744788	-	Low and Moderate Income Apartment Complex	$111,853	$2,019,908	-
36-3747518	-	Low and Moderate Income Apartment Complex	$102,180	$1,938,753	-
35-1673370	-	Low and Moderate Income Apartment Complex	$106,465	$1,925,418	-
35-1744785	-	Low and Moderate Income Apartment Complex	$121,790	$1,904,029	-
35-1783760	-	Low and Moderate Income Apartment Complex	$109,726	$1,885,912	-
74-2611202	-	Low and Moderate Income Apartment Complex	$210,153	$1,790,843	-
39-1906153	-	Low and Moderate Income Apartment Complex	$141,573	$1,663,075	-
35-1842093	-	Low and Moderate Income Apartment Complex	$91,576	$1,604,907	-
87-0720265	-	Low and Moderate Income Apartment Complex	$256,093	$1,593,921	-
35-1814729	-	Low and Moderate Income Apartment Complex	$98,541	$1,584,807	-
75-2402462	-	Low and Moderate Income Apartment Complex	$18,963	$1,551,172	-
39-1621108	-	Low and Moderate Income Apartment Complex	$79,932	$1,527,609	-
35-1740608	-	Low and Moderate Income Apartment Complex	$73,455	$1,503,919	-
87-0720262	-	Low and Moderate Income Apartment Complex	$182,739	$1,457,493	-
31-1214250	-	Low and Moderate Income Apartment Complex	$107,314	$1,452,588	-
74-2550650	-	Low and Moderate Income Apartment Complex	$189,176	$1,450,351	-
74-2550648	-	Low and Moderate Income Apartment Complex	$156,554	$1,310,606	-
74-2631606	-	Low and Moderate Income Apartment Complex	$154,122	$1,304,160	-
35-1825751	-	Low and Moderate Income Apartment Complex	$72,549	$1,232,246	-
74-2550652	-	Low and Moderate Income Apartment Complex	$196,541	$1,228,369	-
35-1740607	-	Low and Moderate Income Apartment Complex	$60,947	$1,146,866	-
20-4757116	-	Low and Moderate Income Apartment Complex	$199,788	$1,057,081	-
74-2550649	-	Low and Moderate Income Apartment Complex	$149,942	$1,020,128	-
74-2630076	-	Low and Moderate Income Apartment Complex	$217,592	$911,642	-
74-2550651	-	Low and Moderate Income Apartment Complex	$181,115	$897,052	-
80-0761278	-	Low and Moderate Income Apartment Complex	$140,197	$346,988	-

Transactions with Related Organizations

Organization	Type	Method	Amount
-	D	Cash Paid for Ownership Interest	$45,000
-	H	Cash Paid for Ownership Interest	$35,001
-	H	Cash Paid for Ownership Interest	$31,001
-	E	Cash Paid for Ownership Interest	$15,000
-	D	Cash Paid for Ownership Interest	$10,000
-	H	Cash Paid for Ownership Interest	$2
-	D	Cash Paid for Ownership Interest	$0
-	D	Cash Paid for Ownership Interest	$0
-	H	Cash Paid for Ownership Interest	$0
-	H	Cash Paid for Ownership Interest	$0
-	H	Cash Paid for Ownership Interest	$0
-	H	-	-
-	H	-	-
-	H	-	-
-	H	-	-
-	H	-	-

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Misc Current Liabilities	$2,012,831
Accrued Interest	$988,021
Tenant Security Deposit	$453,570
Accrued Property Taxes	$343,713
Due to Partnership	$53,475
Other Liabilities	$45,086

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: Yes
Business relationship with family members: Yes
Business relationship with organization members: Yes
Material changes to governing documents: No
Compensation from other sources disclosed: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: Yes
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: No
Management duties delegated: Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Michael moore is managing member of rural housing consultants, llc. Rural housing consultants, llc provided consulting to ahdf, inc during 2012 on a no charge basis and in 2013 for a fee of $240,000, which was substantially below market. Michael moore is also the former owner of a star-holdings of illinois, l.l.c which provided various services to affordable housing partnerships including those in which ahdf holds ownership interests. Ahdf has purchased star-holdings of illinois, l.l.c. From michael moore.”

Form 990, Part VI, Section B, Line 11

“The treasurer receives a copy of the form 990 from the accountants. The treasurer reviews the form 990 and forwards a copy to each board member. The board of directors meets, asks questions of the tax return preparer and offers any corrections. The board of directors approves of form 990 prior to filing. Either the president or treasurer signs the form 990.”

Form 990, Part VI, Section B, Line 12C

“Each member is aware of and has a copy of the organization's conflict of interest policy. Time is made available at each meeting of the board of directors to discuss any interests of the individual board members which could give rise to a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The director fees are determined based upon historical data. The fees are given to compensate the directors for their time and efforts associated with the not for profit.”

Form 990, Part VI, Section C, Line 19

“The form 990 and audited financial statements are made available to the public upon written request.”

Filing and Contact Details

Filer

EIN: 39-1906153
Phone: 8153978827

Signing Officer

Name: Tom Van Vleet
Title: President
Phone: 8153978827
Signed: 2014-05-08
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Tom Van Vleet
Formed: 1997
Legal Domicile: Wi
Voting Board Members: 6
Independent Board Members: 6
Employees: 0
Volunteers: 0

Preparer

Preparer: Steven R Hise
Phone: 3178485700

Supplemental Narrative

Additional Explanations

PART IX: STATEMENT OF FUNCTIONAL EXPENSES

“The functional expense listed on page ten for the solely owned entities consists of normal operating expenses which include utilities, operating & maintenance, taxes and insurance, financial and administrative. The admnistrative expenses are shown as management and general expenses. The remaining expenses are shown as program services.”

FORM 990, PART XI, LINE 9:

“Wholly owned entities - prior year equity acquired -115,706. Prior period adjustment for rockford faust seller note receivable 3,825,210. Minority interests - 2013 tax capital acquired -781,275. Minority interests - 2013 purchase price 159,079. Minority interests - prior year equity adjustments -247,297. Minority interests - 2013 contributions & distributions -1,374,567. 2013 adjustment to investment for entities that are now wholly owned 877,055.”

Part XI, Line 2C

“Prior to the finalization of the audit, a copy of the audit is given to all of the board memebers for their comments. The board meets with the auditors to discuss the audit and then approves the audit. When the audit is up for bid, the board annually reviews the relationship with the current auditor and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

PART X, LINE 2:

“The corporation adopted the income taxes topic of the fasb accounting standards codification (asc) 740 which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The corporation is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the applicable tax authority. The corporation has determined that the application of asc 740-10 does not impact the operations of the corporation and that no provision for income tax is required in the corporation's financial statements. There has been no interest or penalties recognized in the income statement or balance sheet for the years ended december 31, 2013 and 2012. The open tax years by major jurisdiction are as follows: - united states - years ended december 31, 2013, 2012, 2011, and 2010; - state of california - years ended december 31, 2013, 2012, 2011, 2010, and 2009; - state of illinois - years ended december 31, 2013, 2012, 2011, and 2010; - state of indiana - years ended december 31, 2013, 2012, 2011, and 2010; - state of kentucky - years ended december 31, 2013, 2012, 2011, and 2010; - state of ohio - years ended december 31, 2013, 2012, 2011, and 2010; - state if wisconsin - years ended december 31, 2013, 2012, 2011, 2010, and 2009.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Book income from non-consol (tax) entities 6,228,047.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book expenses from non-consol. (tax) entities 6,269,362.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	4500527
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	5165
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	466328
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	383100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	3	1832752
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	4	6095843
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	5	101411
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	6	529726
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	7	8979318
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	8	1437
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	REFUNDABLE DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	3	REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	4	DUE FROM PARTNERSHIPS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	5	MISC. PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	6	OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	7	GOODWILL/INTANGIBLE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	8	OTHER ASSETS
IRS990ScheduleD/OtherExpensesIncludedAmt	0	6269362
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	453570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	343713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	988021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	3	2012831
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	4	45086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	5	53475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	3	MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	4	OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	5	DUE TO PARTNERSHIP
IRS990ScheduleD/OtherRevenueAmt	0	6228047
IRS990ScheduleD/RevenueNotReportedAmt	0	6228047
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	0
IRS990ScheduleD/RevenueSubtotalAmt	0	22310567
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	THE CORPORATION ADOPTED THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740 WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE CORPORATION IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE CORPORATION HAS DETERMINED THAT THE APPLICATION OF ASC 740-10 DOES NOT IMPACT THE OPERATIONS OF THE CORPORATION AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE CORPORATION'S FINANCIAL STATEMENTS. THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE INCOME STATEMENT OR BALANCE SHEET FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012. THE OPEN TAX YEARS BY MAJOR JURISDICTION ARE AS FOLLOWS: - UNITED STATES - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF CALIFORNIA - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, 2010, AND 2009; - STATE OF ILLINOIS - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF INDIANA - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF KENTUCKY - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF OHIO - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE IF WISCONSIN - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, 2010, AND 2009.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	1	BOOK INCOME FROM NON-CONSOL (TAX) ENTITIES 6,228,047.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	2	BOOK EXPENSES FROM NON-CONSOL. (TAX) ENTITIES 6,269,362.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	1	PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	2	PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	48146874
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	18395080
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	22484560
IRS990ScheduleD/TotalLiabilityAmt	0	3896696
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	22310567
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	28538614
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	28753922
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	0
IRS990ScheduleJ/BoardOrCommitteeApprovalInd	0	X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	0
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	0
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	0
IRS990ScheduleJ/InitialContractExceptionInd	0	0
IRS990/ScheduleJRequiredInd	0	0
IRS990ScheduleJ/SeverancePaymentInd	0	0
IRS990ScheduleJ/SubstantiationRequiredInd	0	1
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	0
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm	0	MICHAEL MOORE-SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt	0	CONSULTING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd	0	0
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt	0	240000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc	0	MICHAEL MOORE IS MANAGING MEMBER OF RURAL HOUSING CONSULTANTS, LLC. RURAL HOUSING CONSULTANTS, LLC PROVIDED CONSULTING TO AHDF, INC DURING 2012 ON A NO CHARGE BASIS AND IN 2013 FOR A FEE OF $240,000, WHICH WAS SUBSTANTIALLY BELOW MARKET. MICHAEL MOORE IS ALSO THE FORMER OWNER OF STAR-HOLDINGS OF ILLINOIS, LLC WHICH PROVIDED VARIOUS SERVICES TO AFFORDABLE HOUSING PARTNERSHIPS INCLUDING THOSE IN WHICH AHDF HOLDS OWNERSHIP INTERESTS. AHDF PURCHASED STAR-HOLDINGS OF ILLINOIS, LLC FROM MICHAEL MOORE ON DECEMBER 30, 2011.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	0	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	1	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	0	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	1	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	0	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	1	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	0	RESTRUCTURE THE $7,725,000 NOTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	1	RESTRUCTURE THE $7,725,000 NOTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd	0	X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd	1	X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt	0	1725000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $69,047,090
Liabilities: $66,197,425
Net assets: $2,849,665
Revenue: $22,310,567
Expenses: $22,484,560
Net income: -$173,993

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$97.6	$75.6	$22.1	$12.6	$15.4	$2.82
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$92.6	$68.2	$24.4	$13.8	$13.0	$0.83
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$86.2	$62.4	$23.9	$20.7	$14.6	$6.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$87.5	$69.6	$17.9	$18.6	$16.8	$1.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$90.9	$73.9	$17.0	$16.3	$16.2	$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$99.9	$83.0	$16.9	$16.7	$17.1	$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$105	$88.0	$17.5	$16.0	$22.7	$6.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$71.6	$56.9	$14.7	$20.1	$20.4	$0.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$108	$93.3	$14.2	$21.5	$29.9	$8.43
2015Detailed filing. Detailed filing data is available for this year.	$139	$122	$17.5	$43.0	$39.0	$3.96
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$110	$97.8	$12.5	$30.0	$31.5	$1.50
2013Detailed filing. Detailed filing data is available for this year.	$69.0	$66.2	$2.85	$22.3	$22.5	$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$55.8	$55.2	$0.68		$19.2
2011Summary only. Only limited summary data is available for this year.	$35.5	$24.8	$10.8	$6.18	$3.23	$2.96