Affordable Housing Development Fund Inc.

990 • Fiscal year 2014 • EIN 39-1906153

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

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.

0.89x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

3.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

-5.0%

Higher net margin than 13% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

$177,100

Higher top officer pay than 9% of similar nonprofits.

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

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

60%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

35%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets87th percentile

Assets

$110,385,691

Up $41,338,601 (+60%) from 2013

Net Assets

$12,549,679

Up $9,700,014 (+340%) from 2013

Liabilities

$97,836,012

Up $31,638,587 (+48%) from 2013

Revenue And Expenses

Liabilities / Revenue89th percentile Net Margin13th percentile

Revenue

$30,036,412

Up $7,725,845 (+35%) from 2013

Expenses

$31,536,875

Up $9,052,315 (+40%) from 2013

Net Income

Down

-$1,500,463

Down $1,326,470 (-762%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

Highlighted filing

2014

Assets$110,385,691

Liabilities$97,836,012

Net Assets$12,549,679

Open 2014 Filing

Operations Trend

Revenue Growth87th percentile

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

Highlighted filing

2014

Revenue$30,036,412

Expenses$31,536,875

Net Income-$1,500,463

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: May 13, 2015
Return Version: 2014v5.0
Gross Receipts: $30,036,412

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.

Ownership, 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	$48,146,874	$71,080,641	▲ $22,933,767
Investments Other Securities	$-1,015,447	$12,383,167	▲ $13,398,614
Cash and Non-Interest-Bearing Accounts	$2,325,579	$3,786,423	▲ $1,460,844
Accounts Receivable	$1,195,004	$770,761	▼ $424,243
Total Assets	$69,047,090	$110,385,691	▲ $41,338,601
Other Assets Total	$18,395,080	$22,364,699	▲ $3,969,619
Liabilities
Mortgage Notes Payable Secured by Investment Property	$61,912,598	$87,659,764	▲ $25,747,166
Other Liabilities	$3,896,696	$8,774,992	▲ $4,878,296
Accounts Payable and Accrued Expenses	$343,458	$1,401,256	▲ $1,057,798
Deferred Revenue	$44,673	$0	▼ $44,673
Total Liabilities	$66,197,425	$97,836,012	▲ $31,638,587
Net Assets / Fund Balance
Unrestricted Net Assets	$2,849,665	$12,549,679	▲ $9,700,014
Total Net Assets Fund Balance	$2,849,665	$12,549,679	▲ $9,700,014
Total Liabilities and Net Assets / Fund Balance	$69,047,090	$110,385,691	▲ $41,338,601

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$71,080,641	$80,434,226	$151,514,867
Other Assets Org	$9,783,053	-	-
Other Securities	$12,383,167	-	-

Compensation and Service Providers

Top Officer Pay9th percentile

Employees

Name	Title	Base	Other	Total
Gerald Walters	Director of Property Manag	$135,000	$42,100	$177,100
Perry Harenda	Director of Affordable Hou	$155,022	-	$155,022
Brian Brooks	Director of Operations	$149,652	-	$149,652
Thomas Van Vleet	Dir.& Pres. (effective 5/12/14)	$8,000	-	$8,000
Jack Ahrens	Dir., VP, & Treasurer	$5,000	-	$5,000
Ken Smith	Director	$5,000	-	$5,000
Mark E Adams	Director	$5,000	-	$5,000

Board Members and Trustees

Name	Title
John Constantine	Director & Secretary
Earl J De Cloux	Director (passed Away Feb. 2014)
Rino Saverio Burdi	Dir.& Pres.(retired 5/12/14)

Highest Paid Contractors

Contractor	Services	Location	Compensation
Keystone Risk Management	Insurance	1221 STATE ROUTE 121, Lincoln, IL 62656	$1,212,767
Dauby O'connor & Zaleski LLC	Accounting Fees	501 CONGRESSIONAL BLVD STE 300, Carmel, IN 46032	$412,776
Rural Housing Consultants LLC	Consulting Fees	6260 E RIVERSIDE BLVD 353, Loves Park, IL 61111	$240,000

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $28,832,136
Investment Income: $0
Other Revenue: $1,204,276
Change in Net Assets: $-1,500,463

Audited Revenue Reconciliation

Revenue per Audited Statements: $30,036,412
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $30,036,412
Total Revenue per Form 990: $30,036,412

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$31,513,875
Salaries, Compensation, and Employee Benefits	$23,000
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Depreciation Depletion	$4,526,381	-	-	$4,526,381
All Other Expenses	$3,802,733	-	-	$3,802,733
Other Expenses	$2,612,135	$1,739,991	-	$2,612,135
Interest	-	$2,599,410	-	$2,599,410
Current Officers, Directors, Trustees, and Key Employees	-	$23,000	-	$23,000
Total Functional Expenses	$27,069,751	$4,467,124	$0	$31,536,875

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$31,536,875
Total Expenses per Audited Statements	$31,536,875
Total Expenses per Form 990	$31,536,875
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$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 2013 AND 2014 FOR AN ANNUAL 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

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White Oak Ltd	White Oak, WV	Low and Moderate Income Apartment Complex	$5,787	$273,574	7.29%	Yes
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Eureka Limited Partnership - Woodridge	Eureka, IL	Low and Moderate Income Apartment Complex	$6,700	$108,415	0.01%	Yes
Mendota I Limited Partnership	Mendota, IL	Low and Moderate Income Apartment Complex	$-17	$107,937	0.01%	Yes
Crestside Village Lp	Marshall, IL	Low and Moderate Income Apartment Complex	$-19,807	$104,418	28%	Yes
Country Place Apts Xxx Ltd (olney)	Olney, IL	Low and Moderate Income Apartment Complex	$-2,493	$95,045	5%	Yes
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Washington Courthouse Ii	Washington Courthouse, OH	Low and Moderate Income Apartment Complex	$-12,806	$88,765	18.17%	Yes
Marshall Springs Lp	Marshall, IL	Low and Moderate Income Apartment Complex	$-40,730	$88,136	1%	Yes
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Northpoint Crossing Limited Partnership	Kenosha, WI	Low and Moderate Income Apartment Complex	$-9	$68,535	0.01%	Yes
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Craigsville Elderley Ltd	Craigsville, WV	Low and Moderate Income Apartment Complex	$14,803	$57,604	1%	Yes
Virden Limited Partnership	Virden, IL	Low and Moderate Income Apartment Complex	$-14,771	$56,036	1.01%	Yes
Anderson Shasta Community Partners Lp	Anderson, CA	Low and Moderate Income Apartment Complex	$-9	$54,703	99%	Yes
Fort Stockton Oasis Ltd	Fort Stockton, TX	Low and Moderate Income Apartment Complex	$-4	$52,195	0.01%	Yes
Star - Woodlake Manor Lp	Woodlake, CA	Low and Moderate Income Apartment Complex	$-4	$50,086	49%	Yes
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Scottsville Multi-housing	Scottsville, KY	Low and Moderate Income Apartment Complex	$-25,455	$28,500	5%	Yes
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Kings Community Partners Lp	Corcoran, CA	Low and Moderate Income Apartment Complex	$-6	$22,228	0.01%	Yes
Highland Meadow Apartments	Lanark, IL	Low and Moderate Income Apartment Complex	$22,110	$-15,990	25%	Yes
Keyser Ltd	Keyser, WV	Low and Moderate Income Apartment Complex	$19,455	$236	0.01%	Yes
Country Place Apts - Loogootee Lp	Loogootee, IN	Low and Moderate Income Apartment Complex	$-24,341	$18,950	2.50%	Yes
Country Place Apts Xxxiv Ltd (dwight)	Dwight, IL	Low and Moderate Income Apartment Complex	$-2,894	$16,309	5%	Yes
Louisa Multi-housing Lp	Louisa, KY	Low and Moderate Income Apartment Complex	$1,043	$15,264	5%	Yes
Woodview Lp	Glasford, IL	Low and Moderate Income Apartment Complex	$-58	$12,531	5%	Yes
Nevada Commons a CA Lp	Grass Valley, CA	Low and Moderate Income Apartment Complex	$-98,423	$981	1%	No
Rockford Faust Lp	Rockford, IL	Low and Moderate Income Apartment Complex	$-82	$117	50%	Yes
Fresno 2007 Community Partners Lp	Irvine, CA	Low and Moderate Income Apartment Complex	$-19	$107	0.01%	Yes
Broadway Manor Gp LLC	Blythe, CA	Partnership Management	$-14	$6	-	Yes
Yucca Trails Community Partners Lp	Joshua Tree, CA	Low and Moderate Income Apartment Complex	$-11	$3	0.01%	Yes
Broadway Manor Community Partners Lp	Blythe, CA	Low and Moderate Income Apartment Complex	$-19	$2	-	Yes
Jefferson Cunningham Community Partners Lp	Los Angeles, CA	Low and Moderate Income Apartment Complex	-	-	-	Yes
Nw Manor Community Partners Lp	Pasadena, CA	Low and Moderate Income Apartment Complex	-	-	-	Yes
Ridgecrest Estates Lp	Bull Creek, MO	Low and Moderate Income Apartment Complex	-	-	-	Yes
Arbor Trace Limited Partnership	West Bend, WI	Low and Moderate Income Apartment Complex	$-31	$-21,015	0.01%	Yes
Country Properties Limited Partnership	Northbrook, IL	Low and Moderate Income Apartment Complex	$-1,439	$-478	99.50%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Star Holdings of Illinois LLC	Rockford, IL	Development, Ownership, and Management of Affordable Housing Complexes	$-318,470	$24,494,363	Affordable Housing Development Fund Inc
Professional Property Management LLC	Rockford, IL	Management of Affordable Housing Complexes	$-602,626	$12,521,477	Affordable Housing Development Fund Inc
Star - Equities LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-75,008	$11,730,725	Affordable Housing Development Fund Inc
Ahdf-texas Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$38,498	$9,779,496	Affordable Housing Development Fund Inc
Ahdf-jefferson Cunningham Gp LLC	Rockford, IL	Partnership Management	$79,937	$7,223,842	Affordable Housing Development Fund Inc
Star-nakoma Heights Limited Partnership	Fitchburg, WI	Low and Moderate Income Apartment Complex	$-92,434	$5,867,798	Affordable Housing Development Fund Inc
Wimauma Community Ltd	Wimauma, FL	Low and Moderate Income Apartment Complex	$-235,541	$4,276,404	Affordable Housing Development Fund Inc
Ahdf-sierra Village LLC	North Highlands, CA	Low and Moderate Income Apartment Complex	$51,014	$4,155,883	Affordable Housing Development Fund Inc
Ahdf-rural Development Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-30,167	$3,764,583	Affordable Housing Development Fund Inc
Ashbrook Place	Ardmore, OK	Low and Moderate Income Apartment Complex	$-62,710	$2,787,229	Affordable Housing Development Fund Inc
El Reno Housing Associates Limited Partnership	El Reno, OK	Low and Moderate Income Apartment Complex	$58,711	$2,652,268	Affordable Housing Development Fund Inc
Ahdf-ashton on the Green Lp LLC	Rockford, IL	Partnership Management	$58,705	$2,652,003	Affordable Housing Development Fund Inc
Sonora Terrace	Sonora, CA	Low and Moderate Income Apartment Complex	$-63,541	$2,423,410	Affordable Housing Development Fund Inc
Nevada Woods a Cal Limited Partnership	Grass Valley, CA	Low and Moderate Income Apartment Complex	$-792,925	$2,409,768	Affordable Housing Development Fund Inc
C-b-c-s-b Limited Partnership	Colchester, IL	Low and Moderate Income Apartment Complex	$-42,264	$2,200,847	Affordable Housing Development Fund Inc
Ls a Limited Partnership	Lincoln, IL	Low and Moderate Income Apartment Complex	$-31,990	$2,132,523	Affordable Housing Development Fund Inc
Preservation Partners I Limited Partnership	Rockford, IL	Low and Moderate Income Apartment Complex	$-48,403	$2,071,180	Affordable Housing Development Fund Inc
Ottawa I	Oblesby, IL	Low and Moderate Income Apartment Complex	$-106,126	$1,632,636	Affordable Housing Development Fund Inc
Saltgrass Landing Apartments Ltd	Rockport, TX	Low and Moderate Income Apartment Complex	$-47,738	$1,509,213	Affordable Housing Development Fund Inc
Eureka Woodridge (clayton Court)	Winnebago, IL	Low and Moderate Income Apartment Complex	$-64,944	$1,415,776	Affordable Housing Development Fund Inc
Ahdf-quail Place Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$356,816	$1,308,302	Affordable Housing Development Fund Inc
Baycity Village Apartments Limited Partnership	Baytown, TX	Low and Moderate Income Apartment Complex	$-34,912	$1,196,732	Affordable Housing Development Fund Inc
Lantana Northridge Apartments Ltd	Beeville, TX	Low and Moderate Income Apartment Complex	$6,093	$1,046,664	Affordable Housing Development Fund Inc
Electra Village Apartments Limited Partnership	Electra, TX	Low and Moderate Income Apartment Complex	$-37,055	$1,039,578	Affordable Housing Development Fund Inc
Lantana Southridge Apartments Ltd	Beeville, TX	Low and Moderate Income Apartment Complex	$-18,098	$968,839	Affordable Housing Development Fund Inc
Castroville Village Ltd	Castroville, TX	Low and Moderate Income Apartment Complex	$15,162	$907,806	Affordable Housing Development Fund Inc
Hondo Brian Place Ltd	Hondo, TX	Low and Moderate Income Apartment Complex	$20,935	$887,464	Affordable Housing Development Fund Inc
Waterman Gardens LLC	Waterman, IL	Low and Moderate Income Apartment Complex	$-14,319	$796,670	Affordable Housing Development Fund Inc
Burk Village Apartments Limited Partnership	Burkburnett, TX	Low and Moderate Income Apartment Complex	$-89,887	$703,003	Affordable Housing Development Fund Inc
Ahdf-coral Wood Court Gp LLC	Rockford, IL	Partnership Management	$-53	$700,657	Affordable Housing Development Fund Inc
Yantis Housing Lp	Yantis, TX	Low and Moderate Income Apartment Complex	$-28,285	$673,816	Affordable Housing Development Fund Inc
Albany Village Lp	Albany, TX	Low and Moderate Income Apartment Complex	$-6,314	$670,503	Affordable Housing Development Fund Inc
Ahdf-yantis Village Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-28,002	$667,078	Affordable Housing Development Fund Inc
Lake Village Apartments Lp	Kewanee, IL	Low and Moderate Income Apartment Complex	$-134,450	$654,214	Affordable Housing Development Fund Inc
Hondo Gardens Ltd	Hondo, TX	Low and Moderate Income Apartment Complex	$5,028	$636,475	Affordable Housing Development Fund Inc
Country Place - Georgetown Ii Ltd	Georgetown, OH	Low and Moderate Income Apartment Complex	$-6,169	$633,645	Affordable Housing Development Fund Inc
Country Place Apartments - Villa Grove Lp	Villa Grove, IL	Low and Moderate Income Apartment Complex	$-26,120	$614,524	Affordable Housing Development Fund Inc
Reddy Limited Partnership	Summersville, WV	Low and Moderate Income Apartment Complex	$-13,470	$562,570	Affordable Housing Development Fund Inc
Bastrop Oak Grove Ltd Ii	Bastrop, TX	Low and Moderate Income Apartment Complex	$24,385	$545,069	Affordable Housing Development Fund Inc
Country Place Apartments - Coal City Limited Partnership	Coal City, IL	Low and Moderate Income Apartment Complex	$-19,174	$538,923	Affordable Housing Development Fund Inc
Ahdf-orangewood Court Gp LLC	Rockford, IL	Partnership Management	$-28	$521,732	Affordable Housing Development Fund Inc
Lampasas Gardens Ltd	Lampasas, TX	Low and Moderate Income Apartment Complex	$53,306	$513,847	Affordable Housing Development Fund Inc
Country Place Apartments - Vandalia Lp	Vandalia, IL	Low and Moderate Income Apartment Complex	$-10,201	$512,529	Affordable Housing Development Fund Inc
Elgin Meadowpark Ltd	Elgin, TX	Low and Moderate Income Apartment Complex	$-12,509	$490,720	Affordable Housing Development Fund Inc
Country Place - Portland Ii Ltd	Portland, IN	Low and Moderate Income Apartment Complex	$-18,350	$488,595	Affordable Housing Development Fund Inc
Blackhawk Apartments LLC	Elgin, IL	Low and Moderate Income Apartment Complex	$-14,224	$481,226	Affordable Housing Development Fund Inc
Round Rock Oak Grove Ltd	Round Rock, TX	Low and Moderate Income Apartment Complex	$13,436	$462,590	Affordable Housing Development Fund Inc
Shawano Square	Shawano, WI	Low and Moderate Income Apartment Complex	$-40,590	$428,912	Affordable Housing Development Fund Inc
Divall Midland Associates Limited Partnership Iii (deer Run)	Plano, IL	Low and Moderate Income Apartment Complex	$-20,717	$418,537	Affordable Housing Development Fund Inc
Bastrop Oak Grove Ltd I	Bastrop, TX	Low and Moderate Income Apartment Complex	$6,369	$403,211	Affordable Housing Development Fund Inc
Evant Tom Sawyer Place Ltd	Evant, TX	Low and Moderate Income Apartment Complex	$647	$402,100	Affordable Housing Development Fund Inc
Pflugerville Meadows Ltd	Pflugerville, TX	Low and Moderate Income Apartment Complex	$-21,155	$391,826	Affordable Housing Development Fund Inc
Divall Midland Associates Limited Partnership Ii (wyndemere)	Port Washington, WI	Low and Moderate Income Apartment Complex	$-35,287	$388,540	Affordable Housing Development Fund Inc
Morris Housing Limited Partnership (cambridge)	Morris, IL	Low and Moderate Income Apartment Complex	$-24,083	$381,088	Affordable Housing Development Fund Inc
Country Place Apartments - Moweaqua Lp	Moweaqua, IL	Low and Moderate Income Apartment Complex	$-14,342	$378,011	Affordable Housing Development Fund Inc
Star - Sycamore Meadows	Sycamore, IL	Low and Moderate Income Apartment Complex	$29,079	$352,071	Affordable Housing Development Fund Inc
Country Place Apartments - Argenta Limited Partnership	Argenta, IL	Low and Moderate Income Apartment Complex	$-17,417	$333,744	Affordable Housing Development Fund Inc
Ahdf-mccloud River Gp LLC	Rockford, IL	Partnership Management	$-26	$329,863	Affordable Housing Development Fund Inc
Country Place Apartments - Maroa Lp	Maroa, IL	Low and Moderate Income Apartment Complex	$-16,500	$301,424	Affordable Housing Development Fund Inc
Parkview Apartments Limited Partnership	Huntley, IL	Low and Moderate Income Apartment Complex	$40,931	$256,400	Affordable Housing Development Fund Inc
Country Place Apartments - Morris Ltd	Morris, IL	Low and Moderate Income Apartment Complex	$-39,017	$255,000	Affordable Housing Development Fund Inc
Ahdf-highlands of Oroville Gp LLC	Rockford, IL	Partnership Management	$-11	$253,736	Affordable Housing Development Fund Inc
Country Place Apartments - Ottawa Ltd	Ottawa, IL	Low and Moderate Income Apartment Complex	$-26,294	$253,615	Affordable Housing Development Fund Inc
Highlands of Oroville Gp LLC	Rockford, IL	Partnership Management	$-10	$243,784	Star-equities LLC
Ahdf-texas Rd Gp LLC	Rockford, IL	Partnership Management	$1,044	$206,150	Affordable Housing Development Fund Inc
Country Place Apartments - Moweaqua Ii Lp	Moweaqua, IL	Low and Moderate Income Apartment Complex	$-16,122	$202,194	Affordable Housing Development Fund Inc
Country Place Apartments Xxxii Ltd (georgetown I)	Georgetown, OH	Low and Moderate Income Apartment Complex	$-16,165	$198,981	Affordable Housing Development Fund Inc
Mineral Point Valley Limited Partnership (fairview Heights)	Mineral Point, WI	Low and Moderate Income Apartment Complex	$-8,625	$175,324	Affordable Housing Development Fund Inc
Star-mccloud River Gp LLC	Rockford, IL	Partnership Management	$-14	$171,656	Star-equities LLC
Ahdf-college View Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$167,947	$0	Affordable Housing Development Fund Inc
Indiana Waters Edge Lp	Austin, IN	Low and Moderate Income Apartment Complex	$-26,827	$126,532	Affordable Housing Development Fund Inc
Clearlake Commons Gp LLC	Rockford, IL	Partnership Management	$-16	$109,484	Star-equities LLC
Woodlake Manor Gp LLC	Rockford, IL	Partnership Management	$-4	$66,970	Star-equities LLC
Ahdf-anderson Court Gp LLC	Rockford, IL	Partnership Management	$-9	$54,684	Affordable Housing Development Fund Inc
Ahdf-yucca Trails Gp LLC	Rockford, IL	Partnership Management	$-12	$52,195	Affordable Housing Development Fund Inc
Ahdf-meadowbrook Parkview Gp LLC	Rockford, IL	Partnership Management	$-15	$45,759	Affordable Housing Development Fund Inc
Ahdf-broadway Manor Gp LLC	Rockford, IL	Partnership Management	$-18	$40,757	Affordable Housing Development Fund Inc
Ahdf-quail Place Gp LLC	Rockford, IL	Partnership Management	$1,802	$40,205	Affordable Housing Development Fund Inc
Ahdf-green Rd Gp LLC	Rockford, IL	Partnership Management	$-1,682	$36,098	Affordable Housing Development Fund Inc
Ahdf-ukiah Terrace Gp LLC	Rockford, IL	Partnership Management	$-3	$22,871	Affordable Housing Development Fund Inc
Ukiah Terrace Gp LLC	Rockford, IL	Partnership Management	$-4	$21,974	Star-equities LLC
Ahdf-yantis Village Gp LLC	Rockford, IL	Partnership Management	$-283	$6,738	Affordable Housing Development Fund Inc
Ahdf-texas Rd Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-6	$352	Affordable Housing Development Fund Inc
Ahdf-ashton on the Green Gp LLC	Rockford, IL	Partnership Management	$6	$265	Affordable Housing Development Fund Inc
Star-yucca Trails Gp LLC	Rockford, IL	Partnership Management	$0	$104	Star-equities LLC
Star-broadway Manor Gp LLC	Rockford, IL	Partnership Management	$0	$2	Star-equities LLC
Star-meadowbrook Parkview Gp LLC	Rockford, IL	Partnership Management	$0	$2	Star-equities LLC
Ahdf-ca Sgp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-curtis Johnson Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-nevada Woods Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-nevada Woods Limited Partnership	Rockford, IL	Low and Moderate Income Apartment Complex	$0	$0	Affordable Housing Development Fund Inc
Ahdf-nw Manor Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-sonora Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-sunset Arbor Townhomes Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-sunset Arbor Townhomes Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$0	$0	Affordable Housing Development Fund Inc
Ahdf-wa Sgp LLC	Rockford, IL	Operation & Preservation of Affordable Housing	$0	$0	Affordable Housing Development Fund Inc
Ahdf-woodlake Manor Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
New Star-holdings of Illinois LLC	Rockford, IL	Development, Ownership, and Management of Affordable Housing Complexes	$0	$0	Affordable Housing Development Fund Inc
Star-ashton on the Green Gp LLC	Rockford, IL	Partnership Management	$0	$0	Star-equities LLC
Star-development LLC	Rockford, IL	Development of Affordable Housing Complexes	$0	$0	Star Holdings of Illinois LLC
Star-harborside Landing Gp LLC	Rockford, IL	Partnership Management	$0	$0	Star-equities LLC
Star-northfield Commons Gp LLC	Rockford, IL	Partnership Management	$0	$0	Star-equities LLC
Valley Commons Gp LLC	Rockford, IL	Partnership Management	$-4	$-4,183	Star-equities LLC

Transactions with Related Organizations

Organization	Type	Method	Amount
Country Place Apts Xxxiv Ltd (dwight)	H	Cash Paid for Ownership Interest	$35,001
Shady Springs Elderly	H	Cash Paid for Ownership Interest	$18,000
Ahdf-sierra Village LLC	E	Cash Paid for Ownership Interest	$0
Ahdf-sierra Village LLC	D	Cash Paid for Ownership Interest	$0
Albany Village Lp	H	-	-
Barboursville Limited Partnership	H	-	-
Blessed Rock of El Monte	H	Cash Paid for Ownership Interest	$0
Blythe Apartments Development	H	Cash Paid for Ownership Interest	$0
Country Place Apts Viii Lp	H	Cash Paid for Ownership Interest	$0
Country Place Apts Xvi Ltd (plymouth)	H	Cash Paid for Ownership Interest	$0
Country Place Apts Xxxiii Ltd (chrisman)	H	Cash Paid for Ownership Interest	$0
Cowen Elderly Limited Partnership	H	-	-
Craigsville Elderley Ltd	H	Cash Paid for Ownership Interest	$0
Craigsville Ii Limited Partnership	H	Cash Paid for Ownership Interest	$0
Keyser Ltd	H	-	-
Louisa Multi-housing Lp	H	Cash Paid for Ownership Interest	$0
Ls a Limited Partnership	H	Cash Paid for Ownership Interest	$0
Marlinton Elderly	H	Cash Paid for Ownership Interest	$0
Miscellaneous Other Related Entities	D	Cash Paid for Ownership Interest	$0
Peterstown Ltd	H	Cash Paid for Ownership Interest	$0
Preservation Partners Iii Lp	D	Cash Paid for Ownership Interest	$0
Ridgecrest Estates Lp	H	-	-
Saxonburg Development	H	Cash Paid for Ownership Interest	$0
Sonora Terrace	D	Cash Paid for Ownership Interest	$0
Star-nakoma Heights Limited Partnership	H	Cash Paid for Ownership Interest	$0
White Oak Ltd	H	Cash Paid for Ownership Interest	$0
White Sulfur Springs Elderly Ltd	H	Cash Paid for Ownership Interest	$0

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Other Liabilities	$3,891,657
Accrued Interest	$2,711,893
Due to Partnership	$1,127,376
Misc Current Liabilities	$838,941
Tenant Security Deposit	$205,125

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 2013 and 2014 for an annual fee of $240,000, which was substantially below market. Rural housing consultants, llc supplied support services to ahdf under the direction of the officers and directors of ahdf. Ahdf purchased star-holdings of illinois, llc from michael moore on december 30, 2011.”

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

Filer Name: Affordable Housing Development Fund Inc
EIN: 39-1906153
Phone: 8153978827
Address: 973 FEATHERSTONE ROAD NO 325, ROCKFORD, IL 61107

Signing Officer

Name: Tom Van Vleet
Title: President
Phone: 8153978827
Signed: 2015-05-13
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Tom Van Vleet
Formed: 1997
Legal Domicile: Wi
Voting Board Members: 5
Independent Board Members: 5
Employees: 0
Volunteers: 0

Preparer

Firm: DAUBY O'CONNOR & ZALESKI LLC
Address: 501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer: Steven R Hise
Phone: 3178485700

Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Utilities: program service expenses 2,271,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,271,007. Impairment loss: program service expenses 697,028. Management and general expenses 0. Fundraising expenses 0. Total expenses 697,028. Miscellaneous expenses: program service expenses 549,315. Management and general expenses 0. Fundraising expenses 0. Total expenses 549,315. Non-controlling interests of change in unrestricted net assets: program service expenses 174,206. Management and general expenses 0. Fundraising expenses 0. Total expenses 174,206. Share of losses in investments in communities - equity method: program service expenses 111,177. Management and general expenses 0. Fundraising expenses 0. Total expenses 111,177.”

FORM 990, PART XI, LINE 9:

“Adjustment to record minority interest on gaap basis -2,659,360. Adjustment to record investments using gaap equity method 14,102,734. 2014 non-controlling interest: change in consolidated net assets 174,206. 2014 non-controlling interest: other changes -427,211.”

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 is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as other than a private foundation. Accordingly, other than described below, no provision for federal and state taxes on revenue and income has been recognized in the accompanying consolidated financial statements. Even though the corporation is recognized as tax exempt, it still may be liable for tax on its unrelated business income. The corporation's unrelated business income tax totaled $91,060, of which $41,097 remained payable as of december 31, 2014. Generally, the federal and state tax returns are subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

Raw XML AppendixShowing 400 of 3,038 raw XML fields

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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IRS990/GrantsToOrganizationsInd	0	0
IRS990/GrantToRelatedPersonInd	0	0
IRS990/GrossReceiptsAmt	0	30036412
IRS990/GroupReturnForAffiliatesInd	0	0
IRS990/IncludeFIN48FootnoteInd	0	1
IRS990/IndependentAuditFinclStmtInd	0	1
IRS990/IndependentVotingMemberCnt	0	5
IRS990/IndivRcvdGreaterThan100KCnt	0	3
IRS990/IndoorTanningServicesInd	0	0
IRS990/InfoInScheduleOPartIXInd	0	X
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InfoInScheduleOPartXIIInd	0	X
IRS990/InfoInScheduleOPartXIInd	0	X
IRS990/InterestGrp/ManagementAndGeneralAmt	0	2599410
IRS990/InterestGrp/TotalAmt	0	2599410
IRS990/InvestmentInJointVentureInd	0	0
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt	0	-1015447
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt	0	12383167
IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	80434226
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	48146874
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	71080641
IRS990/LandBldgEquipCostOrOtherBssAmt	0	151514867
IRS990/LegalDomicileStateCd	0	WI
IRS990/LoanOutstandingInd	0	0
IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
IRS990/MaterialDiversionOrMisuseInd	0	0
IRS990/MembersOrStockholdersInd	0	0
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	1
IRS990/MinutesOfGoverningBodyInd	0	1
IRS990/MissionDesc	0	THE CORPORATION'S CHARITABLE PURPOSE INCLUDES, AMONG OTHER THINGS, OWNERSHIP, DEVELOPMENT, PRESERVATION AND MANAGEMENT OF AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd	0	0
IRS990/MoreThan5000KToOrgInd	0	0
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	61912598
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	87659764
IRS990/NetAssetsOrFundBalancesBOYAmt	0	2849665
IRS990/NetAssetsOrFundBalancesEOYAmt	0	12549679
IRS990/NetUnrelatedBusTxblIncmAmt	0	189819
IRS990/NondeductibleContributionsInd	0	0
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	18395080
IRS990/OtherAssetsTotalGrp/EOYAmt	0	22364699
IRS990/OtherChangesInNetAssetsAmt	0	11190369
IRS990/OtherExpensesGrp/Desc	0	UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/Desc	1	ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc	2	TAXES AND INSURANCE
IRS990/OtherExpensesGrp/Desc	3	OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	104723
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	1	1739991
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	12188165
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	3940337
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	2612135
IRS990/OtherExpensesGrp/TotalAmt	0	104723
IRS990/OtherExpensesGrp/TotalAmt	1	13928156
IRS990/OtherExpensesGrp/TotalAmt	2	3940337
IRS990/OtherExpensesGrp/TotalAmt	3	2612135
IRS990/OtherLiabilitiesGrp/BOYAmt	0	3896696
IRS990/OtherLiabilitiesGrp/EOYAmt	0	8774992
IRS990/OtherRevenueMiscGrp/BusinessCd	0	531110
IRS990/OtherRevenueMiscGrp/BusinessCd	1	531110
IRS990/OtherRevenueMiscGrp/Desc	0	MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc	1	DEBT FORGIVENESS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	0	814449
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	1	389827
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	814449
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	1	389827
IRS990/OtherRevenueTotalAmt	0	1204276
IRS990/PartialLiquidationInd	0	0
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrincipalOfficerNm	0	TOM VAN VLEET
IRS990/PriorPeriodAdjustmentsAmt	0	10108
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	511110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	3	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	4	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	RENTAL INCOME, NET OF VACANCIES
IRS990/ProgramServiceRevenueGrp/Desc	1	PAYROL REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc	2	MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc	3	OTHER MANAGEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc	4	RETURN ON INVESTMENT FROM COMMUNI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	17056531
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	6201503
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	3746326
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	3	573633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	4	408000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	17056531
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	6201503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	3746326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	3	573633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	4	408000
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	0
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	0
IRS990/PYOtherExpensesAmt	0	22454560
IRS990/PYOtherRevenueAmt	0	-237040
IRS990/PYProgramServiceRevenueAmt	0	22547607
IRS990/PYRevenuesLessExpensesAmt	0	-173993
IRS990/PYSalariesCompEmpBnftPaidAmt	0	30000
IRS990/PYTotalExpensesAmt	0	22484560
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	22310567
IRS990/QuidProQuoContributionsInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-1500463
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	1
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	1
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	29721928
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	314484
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	195963
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	99623
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	10128
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	12059
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	632257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	28517652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	22351644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	18303437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	2811906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	112979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	72097618
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	314484
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	195963
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	99623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	10128
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	12059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	632257
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00850
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00680
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	1204276
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	-237040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	-21763
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	865914
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	14749
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	1826136
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.96700
IRS990ScheduleA/PublicSupportPY509Pct	0	0.98030
IRS990ScheduleA/PublicSupportTotal509Amt	0	72097618
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	28517652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	22351644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	18303437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	2811906
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	112979
IRS990ScheduleA/Total509Grp/TotalAmt	0	72097618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	30036412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	22310567
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	18381297
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	3687948
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	139787
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	74556011
IRS990/ScheduleBRequiredInd	0	0
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	71080641
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	80434226
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	151514867
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	31536875
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	15185
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	1711842
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	3924635
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	3	6463652
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	4	111154
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	5	355178
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	6	9783053
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	3	DUE FROM PARTNERSHIPS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	4	MISC. PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	5	OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	6	GOODWILL/INTANGIBLE ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	205125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	2711893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	838941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	3	3891657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	4	1127376
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	3	OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	4	DUE TO PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt	0	12383167
IRS990ScheduleD/OtherSecuritiesGrp/Desc	0	INVESTMENT - MINORITY INTEREST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd	0	C
IRS990ScheduleD/RevenueNotReportedAmt	0	0
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	0
IRS990ScheduleD/RevenueSubtotalAmt	0	30036412
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, OTHER THAN DESCRIBED BELOW, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. EVEN THOUGH THE CORPORATION IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME. THE CORPORATION'S UNRELATED BUSINESS INCOME TAX TOTALED $91,060, OF WHICH $41,097 REMAINED PAYABLE AS OF DECEMBER 31, 2014. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	71080641
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	22364699
IRS990ScheduleD/TotalBookValueSecuritiesAmt	0	12383167
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	31536875
IRS990ScheduleD/TotalLiabilityAmt	0	8774992
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	30036412
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	30036412
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	31536875
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	0
IRS990ScheduleJ/BoardOrCommitteeApprovalInd	0	X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	0

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $110,385,691
Liabilities: $97,836,012
Net assets: $12,549,679
Revenue: $30,036,412
Expenses: $31,536,875
Net income: -$1,500,463

	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
2014Detailed filing. Detailed filing data is available for this year.	$110	$97.8	$12.5	$30.0	$31.5	$1.50
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$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