Affordable Housing Development Fund Inc.

990 • Fiscal year 2016 • EIN 39-1906153

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

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.

0.87x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

4.34x

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

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

-39%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

$181,840

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

-23%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

-50%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets85th percentile

Assets

Down

$107,538,044

Down $31,804,286 (-23%) from 2015

Net Assets

Down

$14,223,276

Down $3,263,339 (-19%) from 2015

Liabilities

Down

$93,314,768

Down $28,540,947 (-23%) from 2015

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin6th percentile

Revenue

Down

$21,515,741

Down $21,474,001 (-50%) from 2015

Expenses

Down

$29,948,313

Down $9,086,207 (-23%) from 2015

Net Income

Down

-$8,432,572

Down $12,387,794 (-313%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

Highlighted filing

2016

Assets$107,538,044

Liabilities$93,314,768

Net Assets$14,223,276

Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

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

Highlighted filing

2016

Revenue$21,515,741

Expenses$29,948,313

Net Income-$8,432,572

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: May 11, 2017
Return Version: 2016v3.0
Gross Receipts: $21,515,741

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	$95,235,796	$75,992,249	▼ $19,243,547
Investments Other Securities	$12,361,372	$8,751,645	▼ $3,609,727
Cash and Non-Interest-Bearing Accounts	$6,214,345	$5,578,299	▼ $636,046
Accounts Receivable	$2,769,572	$1,860,879	▼ $908,693
Total Assets	$139,342,330	$107,538,044	▼ $31,804,286
Other Assets Total	$22,761,245	$15,354,972	▼ $7,406,273
Liabilities
Mortgage Notes Payable Secured by Investment Property	$111,339,321	$59,697,751	▼ $51,641,570
Other Liabilities	$8,343,357	$32,607,546	▲ $24,264,189
Accounts Payable and Accrued Expenses	$2,173,037	$1,009,471	▼ $1,163,566
Total Liabilities	$121,855,715	$93,314,768	▼ $28,540,947
Net Assets / Fund Balance
Unrestricted Net Assets	$17,486,615	$14,223,276	▼ $3,263,339
Total Net Assets Fund Balance	$17,486,615	$14,223,276	▼ $3,263,339
Total Liabilities and Net Assets / Fund Balance	$139,342,330	$107,538,044	▼ $31,804,286

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$75,992,249	$48,792,303	$124,784,552
Other Assets Org	$1,056,000	-	-
Other Securities	$8,751,645	-	-

Compensation and Service Providers

Top Officer Pay9th percentile

Employees

Name	Title	Base	Other	Total
Brian Brooks	Director of Operations at	-	$147,643	$147,643
Jerry Zeibert	Construction Manager	-	$130,000	$130,000
Mike Mcneal	Chief Financial Officer	-	$130,000	$130,000
Natalie Latino	Accounting Manager	-	$130,000	$130,000
Thomas Van Vleet	Dir.& Pres.	$8,000	-	$8,000
Jack Ahrens	Dir., VP, & Treasurer	$5,000	-	$5,000
John Constantine	Director & Secretary	$5,000	-	$5,000
Ken Smith	Director	$5,000	-	$5,000
Mark E Adams Resigned 121216	Director	$3,750	-	$3,750

Board Members and Trustees

Name	Title
Perry Harenda	Director of Affordable Hsi
Gerald Walters	Director of Property Manag
John Erich	Development Manager

Highest Paid Contractors

Contractor	Services	Location	Compensation
Keystone Risk Management	Insurance	1221 STATE ROUTE 121, Lincoln, IL 62656	$2,013,006
Reinhart Boerner Van Deuren Sc	Legal Fees	1000 NORTH WATER STREET SUITE 1700, Milwaukee, WI 53202	$666,724
Dauby O'connor & Zaleski LLC	Accounting Fees	501 CONGRESSIONAL BLVD STE 300, Carmel, IN 46032	$396,128
Rural Housing Consultants LLC	Consulting Fees	6260 E RIVERSIDE BLVD 353, Loves Park, IL 61111	$395,000

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $21,291,332
Investment Income: $0
Other Revenue: $224,409
Change in Net Assets: $-8,432,572

Audited Revenue Reconciliation

Revenue per Audited Statements: $21,515,741
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $21,515,741
Total Revenue per Form 990: $21,515,741

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$29,921,563
Salaries, Compensation, and Employee Benefits	$26,750
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	$2,699,421	-	-	$2,699,421
Interest	-	$1,995,787	-	$1,995,787
Other Expenses	$1,225,790	$1,263,648	-	$1,225,790
All Other Expenses	$390,392	-	-	$390,392
Current Officers, Directors, Trustees, and Key Employees	-	$26,750	-	$26,750
Total Functional Expenses	$26,662,128	$3,286,185	$0	$29,948,313

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$29,948,313
Total Expenses per Audited Statements	$29,948,313
Total Expenses per Form 990	$29,948,313
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 2016 FOR AN ANNUAL FEE OF $395,000, 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	$395,000

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Mhac - State Street Inc	Milwaukee, WI	Elderly And/or Handicapped Apartment Complex	501(c)(3)	Line 10	Yes
Millennium - Cudahy Inc	Cudahy, WI	Elderly And/or Handicapped Apartment Complex	501(c)(3)	Line 10	Yes
Millennium - Janesville I Inc	Janesville, WI	Elderly And/or Handicapped Apartment Complex	501(c)(3)	Line 10	Yes
Millennium - Janesville Ii Inc	Janesville, WI	Elderly And/or Handicapped Apartment Complex	501(c)(3)	Line 10	Yes
Teamster Retiree Housing of Janesville Wisconsin Inc	Janesville, WI	Elderly And/or Handicapped Apartment Complex	501(c)(3)	Line 10	Yes
The Millennium Housing Foundation Inc	Milwaukee, WI	Own, Develop, Preserve, and Manage Affordable Housing	501(c)(3)	Line 10	Yes
Villa St Theresa Inc	Oshkosh, WI	Elderly And/or Handicapped Apartment Complex	501(c)(3)	Line 10	Yes

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Ottawa Gracefield Limited Partnership	Ottawa, IL	Low and Moderate Income Apartment Complex	$-1,149	$884,243	0.01%	Yes
Marshall Springs Lp	Marshall, IL	Low and Moderate Income Apartment Complex	$-25,642	$590,167	99.50%	Yes
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Fresno 2007 Community Partners Lp	Irvine, CA	Low and Moderate Income Apartment Complex	$-17	$292,792	0.01%	Yes
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Craigsville Ii Limited Partnership	Craigsville, WV	Low and Moderate Income Apartment Complex	$-3,535	$115,502	15.24%	Yes
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Mccloud River Gp LLC	Rockford, IL	Partnership Management	$-10	$100,380	-	Yes
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Peterstown Ltd	Peterstown, WV	Low and Moderate Income Apartment Complex	$-9,183	$85,393	7.48%	Yes
Keyser Ltd	Keyser, WV	Low and Moderate Income Apartment Complex	$19,693	$78,604	34.27%	Yes
Crab Orchard Limited Partnership	Crab Orchard, WV	Low and Moderate Income Apartment Complex	$5,164	$78,020	64.20%	Yes
Craigsville Elderly Ltd	Craigsville, WV	Low and Moderate Income Apartment Complex	$2,889	$74,657	46%	Yes
Ridgecrest Estates Lp	Bull Creek, MO	Low and Moderate Income Apartment Complex	$-6	$74,262	-	Yes
North Prairie Apts Limited Partnership	Rochelle, IL	Low and Moderate Income Apartment Complex	$-24	$71,201	0.01%	Yes
Coal City Meadows Apartments	Coal City, IL	Low and Moderate Income Apartment Complex	$40,585	$67,209	66.66%	Yes
Country Place Apts Xxxiii Ltd (chrisman)	Chrisman, IL	Low and Moderate Income Apartment Complex	$-17	$61,160	0.01%	Yes
Country Place Apts - Greencastle Ltd	Greencastle, IN	Low and Moderate Income Apartment Complex	$-61	$59,147	-	Yes
Country Place Apts Xvi Ltd (plymouth)	Plymouth, IN	Low and Moderate Income Apartment Complex	$2,176	$57,833	0.01%	Yes
Marlinton Elderly Apartments Ltd	Marlinton, WV	Low and Moderate Income Apartment Complex	$-1,093	$55,579	19.89%	Yes
Fort Stockton Oasis Ltd	Fort Stockton, TX	Low and Moderate Income Apartment Complex	$-11	$42,212	0.01%	Yes
Los Banos Community Partners Lp	Los Banos, CA	Low and Moderate Income Apartment Complex	$-2	$41,984	0.01%	Yes
Star-northgate Limited Partnership	Fond Du Lac, WI	Low and Moderate Income Apartment Complex	$2	$38,902	0.01%	Yes
Lincoln Northside Limited Partnership	Lincoln, IL	Low and Moderate Income Apartment Complex	$-4	$32,943	-	Yes
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Valley Commons East Gp LLC	Grass Valley, CA	Low and Moderate Income Apartment Complex	$-3	$28,039	0.01%	Yes
Marfa Villa Ltd	Marfa, TX	Low and Moderate Income Apartment Complex	$12	$27,005	0.01%	Yes
Fresno Community Partners Lp	Pariliar, CA	Low and Moderate Income Apartment Complex	$-8	$24,764	0.01%	Yes
Orangewood Court Community Partners Lp	Los Angeles, CA	Low and Moderate Income Apartment Complex	$-22	$21,018	0.01%	Yes
Humboldt 2007 Ccommunity Partners Lp	Irvine, CA	Low and Moderate Income Apartment Complex	$-7	$20,091	0.01%	No
Jefferson Cunningham Community Partners Lp	Los Angeles, CA	Low and Moderate Income Apartment Complex	$-30	$19,145	0.01%	Yes
Arbor Trace Limited Partnership	West Bend, WI	Low and Moderate Income Apartment Complex	$-31	$18,695	0.01%	Yes
Louisa Multi-housing Lp	Louisa, KY	Low and Moderate Income Apartment Complex	$346	$18,604	0.01%	Yes
Country Place Apts Paoli Lp	Paoli, IN	Low and Moderate Income Apartment Complex	$606	$16,530	0.01%	Yes
Northpoint Crossing Limited Partnership	Kenosha, WI	Low and Moderate Income Apartment Complex	$-3	$15,554	0.01%	Yes
Alpine Mountainview Ltd	Alpine, TX	Low and Moderate Income Apartment Complex	$-5	$11,830	0.01%	Yes
Meadowbrook Parkview Community Partners Lp	Susanville, CA	Low and Moderate Income Apartment Complex	$8,548	-	-	Yes
Country Place Apts Xli Ltd (demotte)	Demotte, IN	Low and Moderate Income Apartment Complex	$6,151	-	-	Yes
Sidney-mystic Development Company Ltd	Sidney, OH	Low and Moderate Income Apartment Complex	$2,629	$-14,412	0.01%	Yes
Country Place Apts Xxx Ltd (olney)	Olney, IL	Low and Moderate Income Apartment Complex	$2,367	-	-	Yes
Singing Wood Senior Housing	El Monte, CA	Low and Moderate Income Apartment Complex	$-5	$1,824	1%	Yes
Windsong Village LLC	West Allis, WI	Low and Moderate Income Apartment Complex	$1,446	-	-	Yes
Collier Garden LLC	Rockford, IL	Low and Moderate Income Apartment Complex	$1,160	$2	0.01%	Yes
Valley Crest Apts Limited Partnership	Ripon, WI	Low and Moderate Income Apartment Complex	$756	-	-	Yes
Park Club Apartments LLC	Milwaukee, WI	Low and Moderate Income Apartment Complex	$548	-	-	Yes
Country Properties Limited Partnership	Northbrook, IL	Low and Moderate Income Apartment Complex	$502	-	-	Yes
Hamilton Terrace Apartments LLC	Janesville, WI	Low and Moderate Income Apartment Complex	$429	-	-	Yes
Country Place Apts Xxvi Lp	Edinburgh, IN	Low and Moderate Income Apartment Complex	$404	-	-	Yes
Calexico Enterprises	Calexico, CA	Low and Moderate Income Apartment Complex	$-117	$387	1%	Yes
Chowchilla Associates	Chowchilla, CA	Low and Moderate Income Apartment Complex	$-144	$345	0.01%	Yes
Star-northern Winnebago Gp LLC	Rockford, IL	Partnership Management	$-5	$202	0.01%	Yes
Divall Midland Assoc - Ltd Partnership	Port Washington, WI	Low and Moderate Income Apartment Complex	$6	$199	0.01%	Yes
Mendota Ii Limited Partnership	Princeton, IL	Low and Moderate Income Apartment Complex	$-1	$118	50%	Yes
Riverside Community Partners Lp	Coachella, CA	Low and Moderate Income Apartment Complex	$-7	$91	0.24%	Yes
Country Place Apts Viii Lp	Portland, IN	Low and Moderate Income Apartment Complex	$-203	$7	0.01%	Yes
Virden Limited Partnership	Virden, IL	Low and Moderate Income Apartment Complex	$-251	$2	1%	Yes
Ahdf-nevada Woods Limited Partnership	Rockford, IL	Low and Moderate Income Apartment Complex	-	-	-	Yes
Broadway Manor Community Partners Lp	Blythe, CA	Low and Moderate Income Apartment Complex	$-17	-	-	Yes
Broadway Manor Gp LLC	Blythe, CA	Partnership Management	$-9	-	-	Yes
Country Place Apts Xxi Ltd (braidwood)	Braidwood, IL	Low and Moderate Income Apartment Complex	$-82	-	-	Yes
Country Place Associates Iii Lp	Rockford, IL	Partnership Investment	-	-	-	Yes
Grove Village Lending Partners LLC	Irvine, CA	Partnership Investment	-	-	-	No
Heritage Homestead Apartments	La Grange Park, IL	Low and Moderate Income Apartment Complex	$-11	-	-	Yes
Highland Meadow Apartments	Lanark, IL	Low and Moderate Income Apartment Complex	$-23	-	-	Yes
Maple Ridge Limited Partnership	Rock Island, IL	Low and Moderate Income Apartment Complex	$-3	-	-	Yes
Meadowbrook Parview Gp LLC	Rockford, IL	Partnership Management	-	-	-	Yes
Nw Manor Community Partners Lp	Pasadena, CA	Low and Moderate Income Apartment Complex	-	-	-	Yes
Pleasant Village Lending Partners LLC	Irvine, CA	Partnership Investment	-	-	-	No
Rockford Faust Lp	Rockford, IL	Low and Moderate Income Apartment Complex	$-41	-	-	Yes
Saxonburg Development Company Ltd	Bellefontaine, OH	Low and Moderate Income Apartment Complex	-	-	-	Yes
Scottsville Multi-housing Lp	Scottsville, KY	Low and Moderate Income Apartment Complex	-	-	-	Yes
Star-highlands of Oroville Lp	Oroville, CA	Low and Moderate Income Apartment Complex	$-14	-	-	Yes
Star-ukiah Terrace Limited Partnership	Ukiah, CA	Low and Moderate Income Apartment Complex	$-16	-	-	Yes
Yucca Trails Gp LLC	Rockford, IL	Partnership Management	$-16	$-114,494	-	Yes
Coral Wood Court Community Partners Lp	Los Angeles, CA	Low and Moderate Income Apartment Complex	$-31	$-486	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Star Holdings of Illinois LLC	Rockford, IL	Development, Ownership, and Management of Affordable Housing Complexes	$2,386,749	$22,575,888	Affordable Housing Development Fund Inc
Professional Property Management LLC	Rockford, IL	Management of Affordable Housing Complexes	$13,792,026	$2,211,538	Affordable Housing Development Fund Inc
Monroe Plaza Apartments LLC	Green Bay, WI	Low and Moderate Income Apartment Complex	$1,580,334	$8,229,105	The Millennium Housing Foundation Inc
Star - Equities LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$128,097	$6,860,230	Affordable Housing Development Fund Inc
Fernwood Court Apartments LLC	Milwaukee, WI	Low and Moderate Income Apartment Complex	$1,040,598	$5,935,103	The Millennium Housing Foundation Inc
Star-nakoma Heights Limited Partnership	Fitchburg, WI	Low and Moderate Income Apartment Complex	$1,122,000	$5,174,148	Affordable Housing Development Fund Inc
Wimauma Community Ltd	Wimauma, FL	Low and Moderate Income Apartment Complex	$691,840	$4,209,848	Affordable Housing Development Fund Inc
Ahdf-sierra Village LLC	North Highlands, CA	Low and Moderate Income Apartment Complex	$714,006	$3,984,090	Affordable Housing Development Fund Inc
Ahdf-rural Development Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-71,692	$3,678,715	Affordable Housing Development Fund Inc
Ahdf-sunset Arbor Townhomes Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$768,687	$2,923,064	Affordable Housing Development Fund Inc
Ahdf-college View Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$779,397	$2,595,529	Affordable Housing Development Fund Inc
Ashbrook Place	Ardmore, OK	Low and Moderate Income Apartment Complex	$671,785	$2,591,458	Affordable Housing Development Fund Inc
Ahdf-texas Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$775,461	$2,544,128	Affordable Housing Development Fund Inc
Millennium - Durand Plaza LLC	Racine, WI	Low and Moderate Income Apartment Complex	$672,032	$2,524,346	The Millennium Housing Foundation Inc
El Reno Housing Associates Limited Partnership	El Reno, OK	Low and Moderate Income Apartment Complex	$623,984	$2,450,927	Affordable Housing Development Fund Inc
Sonora Terrace	Sonora, CA	Low and Moderate Income Apartment Complex	$288,995	$2,380,656	Affordable Housing Development Fund Inc
Mendota I Limited Partnership	Mendota, IL	Low and Moderate Income Apartment Complex	$559,225	$2,124,975	Affordable Housing Development Fund Inc
Millennium - Oakwood Apartments LLC	Mequon, WI	Low and Moderate Income Apartment Complex	$360,943	$2,075,139	The Millennium Housing Foundation Inc
Ahdf-sunset Arbor Townhomes Gp LLC	Rockford, IL	Partnership Management	$631,880	$1,725,942	Affordable Housing Development Fund Inc
Saltgrass Landing Apartments Ltd	Rockport, TX	Low and Moderate Income Apartment Complex	$346,512	$1,508,172	Affordable Housing Development Fund Inc
Eureka Woodridge (clayton Court)	Winnebago, IL	Low and Moderate Income Apartment Complex	$233,338	$1,263,138	Affordable Housing Development Fund Inc
Ahdf-quail Place Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-52,542	$1,160,482	Affordable Housing Development Fund Inc
Lantana Northridge Apartments Ltd	Beeville, TX	Low and Moderate Income Apartment Complex	$291,367	$1,070,844	Affordable Housing Development Fund Inc
Baycity Village Apartments Limited Partnership	Baytown, TX	Low and Moderate Income Apartment Complex	$450,913	$1,056,977	Affordable Housing Development Fund Inc
Hondo Brian Place Ltd	Hondo, TX	Low and Moderate Income Apartment Complex	$304,765	$1,021,641	Affordable Housing Development Fund Inc
Lantana Southridge Apartments Ltd	Beeville, TX	Low and Moderate Income Apartment Complex	$186,636	$969,025	Affordable Housing Development Fund Inc
Millennium-spring Glen Apartments LLC	Mayville, WI	Low and Moderate Income Apartment Complex	$281,585	$926,159	The Millennium Housing Foundation Inc
Electra Village Apartments Limited Partnership	Electra, TX	Low and Moderate Income Apartment Complex	$304,671	$898,659	Affordable Housing Development Fund Inc
Castroville Village Ltd	Castroville, TX	Low and Moderate Income Apartment Complex	$274,937	$893,385	Affordable Housing Development Fund Inc
Hondo Gardens Ltd	Hondo, TX	Low and Moderate Income Apartment Complex	$211,394	$706,720	Affordable Housing Development Fund Inc
Yantis Housing Lp	Yantis, TX	Low and Moderate Income Apartment Complex	$125,299	$649,789	Affordable Housing Development Fund Inc
Ahdf-yantis Village Gp LLC	Rockford, IL	Partnership Management	$124,046	$643,291	Affordable Housing Development Fund Inc
Country Place - Georgetown Ii Ltd	Georgetown, OH	Low and Moderate Income Apartment Complex	$119,871	$606,791	Affordable Housing Development Fund Inc
Albany Village Lp	Albany, TX	Low and Moderate Income Apartment Complex	$233,695	$579,767	Affordable Housing Development Fund Inc
Lampasas Gardens Ltd	Lampasas, TX	Low and Moderate Income Apartment Complex	$172,700	$550,082	Affordable Housing Development Fund Inc
Reddy Limited Partnership	Summersville, WV	Low and Moderate Income Apartment Complex	$113,087	$548,258	Affordable Housing Development Fund Inc
Ahdf-ca Sgp LLC	Rockford, IL	Partnership Management	$-31	$546,270	Affordable Housing Development Fund Inc
Bastrop Oak Grove Ltd Ii	Bastrop, TX	Low and Moderate Income Apartment Complex	$192,030	$531,148	Affordable Housing Development Fund Inc
Burk Village Apartments Limited Partnership	Burkburnett, TX	Low and Moderate Income Apartment Complex	$204,038	$523,851	Affordable Housing Development Fund Inc
C-b-c-s-b Limited Partnership	Colchester, IL	Low and Moderate Income Apartment Complex	$509,649	$0	Affordable Housing Development Fund Inc
Elgin Meadowpark Ltd	Elgin, TX	Low and Moderate Income Apartment Complex	$186,405	$476,090	Affordable Housing Development Fund Inc
Ahdf-orangewood Court Gp LLC	Rockford, IL	Partnership Management	$-30	$452,542	Affordable Housing Development Fund Inc
Ls a Limited Partnership	Lincoln, IL	Low and Moderate Income Apartment Complex	$443,872	$0	Affordable Housing Development Fund Inc
Round Rock Oak Grove Ltd	Round Rock, TX	Low and Moderate Income Apartment Complex	$175,473	$443,192	Affordable Housing Development Fund Inc
Preservation Partners I Limited Partnership	Rockford, IL	Low and Moderate Income Apartment Complex	$398,919	$0	Affordable Housing Development Fund Inc
Ahdf-texas Rd Gp LLC	Rockford, IL	Partnership Management	$19,504	$398,621	Affordable Housing Development Fund Inc
Ahdf-coral Wood Court Gp LLC	Rockford, IL	Partnership Management	$-22	$398,540	Affordable Housing Development Fund Inc
Pflugerville Meadows Ltd	Pflugerville, TX	Low and Moderate Income Apartment Complex	$151,046	$392,275	Affordable Housing Development Fund Inc
Bastrop Oak Grove Ltd I	Bastrop, TX	Low and Moderate Income Apartment Complex	$119,711	$376,761	Affordable Housing Development Fund Inc
Evant Tom Sawyer Place Ltd	Evant, TX	Low and Moderate Income Apartment Complex	$137,612	$362,639	Affordable Housing Development Fund Inc
Divall Midland Associates Limited Partnership Ii (wyndemere)	Port Washington, WI	Low and Moderate Income Apartment Complex	$167,527	$335,624	Affordable Housing Development Fund Inc
Shawano Square	Shawano, WI	Low and Moderate Income Apartment Complex	$278,208	$318,853	Affordable Housing Development Fund Inc
Ahdf-highlands of Oroville Gp LLC	Rockford, IL	Partnership Management	$-8	$269,144	Affordable Housing Development Fund Inc
Highlands of Oroville Gp LLC	Rockford, IL	Partnership Management	$-8	$258,586	Star-equities LLC
Indiana Waters Edge Lp	Austin, IN	Low and Moderate Income Apartment Complex	$226,674	$131,666	Affordable Housing Development Fund Inc
Ottawa I	Oblesby, IL	Low and Moderate Income Apartment Complex	$224,890	$0	Affordable Housing Development Fund Inc
Millenium - Hamilton Terrace Apartments LLC	Rockford, IL	Partnership Management	$-3	$224,881	The Millennium Housing Foundation Inc
Country Place Apartments Xxxii Ltd (georgetown I)	Georgetown, OH	Low and Moderate Income Apartment Complex	$116,221	$198,288	Affordable Housing Development Fund Inc
Country Place Apartments - Vandalia Lp	Vandalia, IL	Low and Moderate Income Apartment Complex	$193,773	$0	Affordable Housing Development Fund Inc
Ahdf-jefferson Cunningham Gp LLC	Rockford, IL	Partnership Management	$-11	$191,123	Affordable Housing Development Fund Inc
Country Place Apartments - Morris Ltd	Morris, IL	Low and Moderate Income Apartment Complex	$138,258	$184,855	Affordable Housing Development Fund Inc
Preservation Partners Iii Lp	Monmouth, IL	Low and Moderate Income Apartment Complex	$159,576	$0	Affordable Housing Development Fund Inc
Blackhawk Apartments LLC	Elgin, IL	Low and Moderate Income Apartment Complex	$151,184	$0	Affordable Housing Development Fund Inc
Country Place Apartments - Coal City Limited Partnership	Coal City, IL	Low and Moderate Income Apartment Complex	$142,409	$0	Affordable Housing Development Fund Inc
Star - Sycamore Meadows	Sycamore, IL	Low and Moderate Income Apartment Complex	$140,070	$0	Affordable Housing Development Fund Inc
Country Place Apartments - Ottawa Ltd	Ottawa, IL	Low and Moderate Income Apartment Complex	$131,361	$0	Affordable Housing Development Fund Inc
Country Place Apartments - Moweaqua Lp	Moweaqua, IL	Low and Moderate Income Apartment Complex	$118,808	$0	Affordable Housing Development Fund Inc
Country Place Apartments - Villa Grove Lp	Villa Grove, IL	Low and Moderate Income Apartment Complex	$118,441	$0	Affordable Housing Development Fund Inc
Ahdf-yantis Village Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$-100	$116,264	Affordable Housing Development Fund Inc
Waterman Gardens LLC	Waterman, IL	Low and Moderate Income Apartment Complex	$114,073	$0	Affordable Housing Development Fund Inc
Parkview Apartments Limited Partnership	Huntley, IL	Low and Moderate Income Apartment Complex	$114,030	$0	Affordable Housing Development Fund Inc
Morris Housing Limited Partnership (cambridge)	Morris, IL	Low and Moderate Income Apartment Complex	$112,008	$0	Affordable Housing Development Fund Inc
Divall Midland Associates Limited Partnership Iii (deer Run)	Plano, IL	Low and Moderate Income Apartment Complex	$111,823	$0	Affordable Housing Development Fund Inc
Clearlake Commons Gp LLC	Rockford, IL	Partnership Management	$-15	$103,908	Star-equities LLC
Country Place - Portland Ii Ltd	Portland, IN	Low and Moderate Income Apartment Complex	$102,361	$0	Affordable Housing Development Fund Inc
Millenium - Park Club Apartments LLC	Rockford, IL	Partnership Management	$-16	$97,302	The Millennium Housing Foundation Inc
Country Place Apartments - Maroa Lp	Maroa, IL	Low and Moderate Income Apartment Complex	$90,301	$0	Affordable Housing Development Fund Inc
Mineral Point Valley Limited Partnership (fairview Heights)	Mineral Point, WI	Low and Moderate Income Apartment Complex	$88,268	$0	Affordable Housing Development Fund Inc
Country Place Apartments - Moweaqua Ii Lp	Moweaqua, IL	Low and Moderate Income Apartment Complex	$84,601	$0	Affordable Housing Development Fund Inc
Woodlake Manor Gp LLC	Rockford, IL	Partnership Management	$-3	$71,207	Star-equities LLC
Country Place Apartments - Argenta Limited Partnership	Argenta, IL	Low and Moderate Income Apartment Complex	$65,374	$0	Affordable Housing Development Fund Inc
Ahdf-yucca Trails Gp LLC	Rockford, IL	Partnership Management	$-6	$57,833	Affordable Housing Development Fund Inc
Ahdf-quail Place Gp LLC	Rockford, IL	Partnership Management	$-266	$44,793	Affordable Housing Development Fund Inc
Ahdf-anderson Court Gp LLC	Rockford, IL	Partnership Management	$-9	$41,959	Affordable Housing Development Fund Inc
Ahdf-meadowbrook Parkview Gp LLC	Rockford, IL	Partnership Management	$-13	$41,578	Affordable Housing Development Fund Inc
Ahdf-texas Rd Lp LLC	Rockford, IL	Ownership of Affordable Housing Complexes	$8,122	$35,480	Affordable Housing Development Fund Inc
Ahdf-mccloud River Gp LLC	Rockford, IL	Partnership Management	$-7	$31,761	Affordable Housing Development Fund Inc
Ukiah Terrace Gp LLC	Rockford, IL	Partnership Management	$-5	$29,968	Star-equities LLC
Ahdf-broadway Manor Gp LLC	Rockford, IL	Partnership Management	$-10	$28,042	Affordable Housing Development Fund Inc
Ahdf-green Rd Gp LLC	Rockford, IL	Partnership Management	$9,619	$24,853	Affordable Housing Development Fund Inc
Star-mccloud River Gp LLC	Rockford, IL	Partnership Management	$-4	$16,522	Star-equities LLC
Ahdf-curtis Johnson Gp LLC	Rockford, IL	Partnership Management	$1,253	$6,498	Affordable Housing Development Fund Inc
Millenium - Windsong Village LLC	Rockford, IL	Partnership Management	$-14	$199	The Millennium Housing Foundation Inc
Star-yucca Trails Gp LLC	Rockford, IL	Partnership Management	$0	$105	Star-equities LLC
Ahdf-ukiah Terrace Gp LLC	Rockford, IL	Partnership Management	$-4	$68	Affordable Housing Development Fund Inc
Star-meadowbrook Parkview Gp LLC	Rockford, IL	Partnership Management	$0	$2	Star-equities LLC
Star-broadway Manor Gp LLC	Rockford, IL	Partnership Management	$0	$1	Star-equities LLC
Ahdf-ashton on the Green Gp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-ashton on the Green Lp LLC	Rockford, IL	Partnership Management	$0	$0	Affordable Housing Development Fund Inc
Ahdf-cpa Iii 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-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-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
Lake Village Apartments Lp	Kewanee, IL	Low and Moderate Income Apartment Complex	$0	$0	Affordable Housing Development Fund Inc
Millennium Development Services LLC	Rockford, IL	Development of Affordable Housing Complexes	$0	$0	The Millennium Housing Foundation Inc
Millennium Offices LLC	Rockford, IL	Office Space	-	-	The Millennium Housing Foundation Inc
Millennium Professional Management LLC	Rockford, IL	Management of Affordable Housing Complexes	-	-	The Millennium Housing Foundation Inc
Nevada Woods a Cal Limited Partnership	Grass Valley, CA	Low and Moderate Income Apartment Complex	$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
Northfield Commons Lp	Rockford, IL	Low and Moderate Income Apartment Complex	$0	$0	Affordable Housing Development Fund Inc
Pleasant Grove LLC	Rockford, IL	Partnership Management	$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	$-10,583	Star-equities LLC

Transactions with Related Organizations

Organization	Type	Method	Amount
Faust Limited Partnership	D	-	-
Hamilton Terrace LLC	D	-	-
Mhac Arbor Trace	D	-	-
Miscellaneous Other Related Entities	D	-	-

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Liabilities Attributable to Disposal Group	$28,131,678
Accrued Interest	$1,766,012
Tax Credit Exchange Loans of the Communities	$1,441,723
Misc Current Liabilities	$797,941
Tenant Security Deposit	$205,125
Due to Partnership	$147,802
Other Liabilities	$117,265

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 2016 for an annual fee of $395,000, 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 11B

“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: 2017-05-11
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Tom Van Vleet
Formed: 1997
Legal Domicile: Wi
Voting Board Members: 4
Independent Board Members: 4
Employees: 0
Volunteers: 0

Preparer

Firm: DAUBY O'CONNOR & ZALESKI LLC
Address: 501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer: Heather L Plake
Phone: 3178485700

Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“2016 non-controlling interest: change in consolidated net assets 5,169,233.”

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.”

Form 990, Part X and Form 990, Schedule R

“Effective august 3, 2015, the corporation executed agreements to associate with the millennium housing foundation, inc. ("millennium"). Millennium is a wisconsin not-for-profit corporation formed in september 1997 with charitable purposes including, among other things, providing, preserving, developing and facilitating the development of safe, quality, and well-maintained affordable housing communities. Millenniium housing foundation, inc, millennium - cudahy, inc. Millennium - janesville i, inc., millennium - janesville ii, inc., mhac state street, inc., villa st. Theresa, inc., teamster retiree housing of janesville, wisconsin, inc. Finanical information is included in the consolidated financials statements which have been used to prepare this return. Each entity files a separate form 990 as well.”

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 $0 and $229,917, of which $0 and $216,193 remained payable as of december 31, 2016 and 2015, respectively, and are included in accounts payable on the consolidated statements of financial position. 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.”

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IRS990/Form990PartVIISectionAGrp/PersonNm	10	JERRY ZEIBERT
IRS990/Form990PartVIISectionAGrp/PersonNm	11	MIKE MCNEAL
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	8000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	3750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	5000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	4	5000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	8	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	9	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	10	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	11	0
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	0
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	147643
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	7	181840
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	10	130000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	11	130000
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	DIR., VP, & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	DIR.& PRES.
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	DIR. & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	DIRECTOR OF PROPERTY MANAG
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	DIRECTOR OF OPERATIONS AT
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	DIRECTOR OF AFFORDABLE HSI
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	DEVELOPMENT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt	9	ACCOUNTING MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt	10	CONSTRUCTION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt	11	CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd	0	1
IRS990/Form990TFiledInd	0	1
IRS990/FormationYr	0	1997
IRS990/FormerOfcrEmployeesListedInd	0	0
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd	0	X
IRS990/FSAuditedInd	0	1
IRS990/FundraisingActivitiesInd	0	0
IRS990/GamingActivitiesInd	0	0
IRS990/GoverningBodyVotingMembersCnt	0	4
IRS990/GrantsToIndividualsInd	0	0
IRS990/GrantsToOrganizationsInd	0	0
IRS990/GrantToRelatedPersonInd	0	0
IRS990/GrossReceiptsAmt	0	21515741
IRS990/GroupReturnForAffiliatesInd	0	0
IRS990/IncludeFIN48FootnoteInd	0	1
IRS990/IndependentAuditFinclStmtInd	0	1
IRS990/IndependentVotingMemberCnt	0	4
IRS990/IndivRcvdGreaterThan100KCnt	0	0
IRS990/IndoorTanningServicesInd	0	0
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InfoInScheduleOPartXIIInd	0	X
IRS990/InfoInScheduleOPartXIInd	0	X
IRS990/InterestGrp/ManagementAndGeneralAmt	0	1995787
IRS990/InterestGrp/TotalAmt	0	1995787
IRS990/InvestmentInJointVentureInd	0	0
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt	0	12361372
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt	0	8751645
IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	95235796
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	75992249
IRS990/LandBldgEquipCostOrOtherBssAmt	0	124784552
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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
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IRS990/NetAssetsOrFundBalancesEOYAmt	0	14223276
IRS990/NetUnrelatedBusTxblIncmAmt	0	-310773
IRS990/NondeductibleContributionsInd	0	0
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	22761245
IRS990/OtherAssetsTotalGrp/EOYAmt	0	15354972
IRS990/OtherChangesInNetAssetsAmt	0	5169233
IRS990/OtherExpensesGrp/Desc	0	ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc	1	IMPAIRMENT LOSS
IRS990/OtherExpensesGrp/Desc	2	TAXES AND INSURANCE
IRS990/OtherExpensesGrp/Desc	3	UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	1263648
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	13730676
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	4667026
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	3948823
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	1225790
IRS990/OtherExpensesGrp/TotalAmt	0	14994324
IRS990/OtherExpensesGrp/TotalAmt	1	4667026
IRS990/OtherExpensesGrp/TotalAmt	2	3948823
IRS990/OtherExpensesGrp/TotalAmt	3	1225790
IRS990/OtherLiabilitiesGrp/BOYAmt	0	8343357
IRS990/OtherLiabilitiesGrp/EOYAmt	0	32607546
IRS990/OtherRevenueMiscGrp/BusinessCd	0	531110
IRS990/OtherRevenueMiscGrp/Desc	0	MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	0	224409
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	224409
IRS990/OtherRevenueTotalAmt	0	224409
IRS990/PartialLiquidationInd	0	0
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrincipalOfficerNm	0	TOM VAN VLEET
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	PAYROLL REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc	2	MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc	3	OTHER MANAGEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc	4	NET INCOME FROM DISCONTINUED OPER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	11101740
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	4581897
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	3175464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	3	1018711
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	4	946350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	11101740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	4581897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	3175464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	3	1018711
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	4	946350
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	39006520
IRS990/PYOtherRevenueAmt	0	10133252
IRS990/PYProgramServiceRevenueAmt	0	32856490
IRS990/PYRevenuesLessExpensesAmt	0	3955222
IRS990/PYSalariesCompEmpBnftPaidAmt	0	28000
IRS990/PYTotalExpensesAmt	0	39034520
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	42989742
IRS990/QuidProQuoContributionsInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-8432572
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	21186243
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	329498
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	328350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	314484
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	195963
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	99623
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	1267918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	21291332
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	32528140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	28517652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	22351644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	18303437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	122992205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	329498
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	328350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	314484
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	195963
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	99623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	1267918
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00940
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	224409
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	10133252
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	1204276
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	-237040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	-21763
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	11303134
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.90730
IRS990ScheduleA/PublicSupportPY509Pct	0	0.89020
IRS990ScheduleA/PublicSupportTotal509Amt	0	122992205
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	21291332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	32528140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	28517652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	22351644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	18303437
IRS990ScheduleA/Total509Grp/TotalAmt	0	122992205
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	21845239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	42989742
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	30036412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	22310567
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	18381297
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	135563257
IRS990/ScheduleBRequiredInd	0	0
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	75992249
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	48792303
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	124784552
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	29948313
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	16269
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	417300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	6406770
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	3	6591529
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	4	171935
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	5	355178
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	6	339991
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	7	1056000
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/OtherAssetsOrgGrp/Desc	7	SELLER LOANS RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	205125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	1766012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	797941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	3	117265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	4	147802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	5	28131678
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	6	1441723
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/OtherLiabilitiesOrgGrp/Desc	5	LIABILITIES ATTRIBUTABLE TO DISPOSAL GROUP

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $107,538,044
Liabilities: $93,314,768
Net assets: $14,223,276
Revenue: $21,515,741
Expenses: $29,948,313
Net income: -$8,432,572

	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
2016Detailed filing. Detailed filing data is available for this year.	$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
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