Civic Intelligence

Housing Affordability Trust

990 • Fiscal year 2017 • EIN 46-1003393

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

Organization ProfileN/A
800 Shades Creek Parkway No 125Birmingham, AL 35209-4526

(205) 868-6156

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

100th percentile

258%

Higher net margin than 100% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$174,347

Higher top officer pay than 29% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

11th percentile

-6.2%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$29,360,416

Down $1,937,701 (-6.2%) from 2016

Net Assets

Down

$29,328,381

Down $1,939,473 (-6.2%) from 2016

Liabilities

Up

$32,035

Up $1,772 (+5.9%) from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$750,444

Down $11,378,453 (-107%) from 2016

Expenses

Up

$1,189,029

Up $491,344 (+70%) from 2016

Net Income

Down

-$1,939,473

Down $11,869,797 (-120%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$60M$40M$20M$0Assets 2014: $28,461,632Liabilities 2014: $28,911Net Assets 2014: $28,432,7212014Assets 2015: $21,371,218Liabilities 2015: $33,688Net Assets 2015: $21,337,5302015Assets 2016: $31,298,117Liabilities 2016: $30,263Net Assets 2016: $31,267,8542016Assets 2017: $29,360,416Liabilities 2017: $32,035Net Assets 2017: $29,328,3812017Assets 2019: $55,828,999Liabilities 2019: $0Net Assets 2019: $55,828,9992019Assets 2020: $51,529,393Liabilities 2020: $0Net Assets 2020: $51,529,3932020Assets 2021: $52,052,062Liabilities 2021: $0Net Assets 2021: $52,052,0622021Assets 2022: $46,138,815Liabilities 2022: $0Net Assets 2022: $46,138,8152022Assets 2024: $53,672,589Liabilities 2024: $0Net Assets 2024: $53,672,5892024

Highlighted filing

2017

Assets$29,360,416
Liabilities$32,035
Net Assets$29,328,381
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MRevenue 2014: -$650,902Expenses 2014: $302,370Net Income 2014: -$953,2722014Revenue 2015: -$1,767,876Expenses 2015: $5,327,315Net Income 2015: -$7,095,1912015Revenue 2016: $10,628,009Expenses 2016: $697,685Net Income 2016: $9,930,3242016Revenue 2017: -$750,444Expenses 2017: $1,189,029Net Income 2017: -$1,939,4732017Revenue 2019: $26,064,520Expenses 2019: $4,761,896Net Income 2019: $21,302,6242019Revenue 2020: $2,833,677Expenses 2020: $7,133,283Net Income 2020: -$4,299,6062020Revenue 2021: $6,258,607Expenses 2021: $5,735,938Net Income 2021: $522,6692021Revenue 2022: -$450,199Expenses 2022: $5,463,048Net Income 2022: -$5,913,2472022Revenue 2024: $1,543,553Expenses 2024: $4,979,046Net Income 2024: -$3,435,4932024

Highlighted filing

2017

Revenue-$750,444
Expenses$1,189,029
Net Income-$1,939,473
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$562,603
Mission and Program Overview

Mission

The mission of Housing Affordability Trust is to provide financial support to qualified charities (as defined by the Trust Agreement) and Governmental Authorities (as defined by the Trust Agreement) that promote and advance housing projects for persons who are members of low-income families and very low-income families (including elderly and handicapped persons) by financing the acquisition, construction, and equipping of one or more buildings and related facilities and to promote the common good and general welfare by providing decent, safe, and sanitary housing, in each case primarily in Jefferson County, Alabama, and elsewhere throughout the United States.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$31,267,854$29,328,381▼ $1,939,473
Investments Other Securities$13,378,255$11,966,192▼ $1,412,063
Savings and Temporary Cash Investments$9,246,106$8,491,083▼ $755,023
Land, Buildings, and Equipment, Net$6,629,885$6,866,512▲ $236,627
Investments in Publicly Traded Securities$2,043,871$2,036,174▼ $7,697
Other Notes and Loans Receivable, Net-$455-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$31,298,117$29,360,416▼ $1,937,701
Liabilities
Other Liabilities$30,263$32,035▲ $1,772
Total Liabilities$30,263$32,035▲ $1,772
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,267,854$29,328,381▼ $1,939,473
Total Liabilities and Net Assets / Fund Balance$31,298,117$29,360,416▼ $1,937,701

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,811,519$908,546-
Other Land Buildings$10,252$388,775-
Equipment$44,741$112,504-
Other Securities$7,744,347--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteeFT$174,347$174,347

Board Members and Trustees

NameTitle
Hugo IsomTrust Advisory Board Membe
Michael DavisTrust Advisory Board Membe
Perry ShuttlesworthTrust Advisory Board Membe
Sam ParkerTrust Advisory Board Membe

Highest Paid Contractors

ContractorServicesLocationCompensation
Adams & Reese LLPLegal Services1906 6th Ave N, Birmingham, AL 35203$119,920
LIV Apartment Partners LLCConsulting Services2204 Lakeshore Drive Suite 135, Birmingham, AL 35209$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$94,827
Other Revenue
$-845,271
Change in Net Assets
$-1,939,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$857,298
Salaries, Compensation, and Employee Benefits$174,347
Other Expenses$157,384
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$857,298--$857,298
Current Officers, Directors, Trustees, and Key Employees-$174,347-$174,347
Fees for Services Management-$110,000-$110,000
Fees for Services Legal-$43,769-$43,769
Insurance-$3,615-$3,615
Total Functional Expenses$857,298$331,731$0$1,189,029
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jefferson County Housing AuthorityBirmingham, AL501(c)(3)To provide funding for affordable housing construction projects.$486,889
NAHMA Educational FoundationAlexandria, VA501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$100,000
Neighborhood Housing Services of Birmingham IncBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$56,480
Collat Jewish Family Services of BirminghamBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$56,250
One Place Metro Alabama Family Justice CenterBirmingham, AL501(c)(3)To provide funding for affordable housing construction projects.$44,933
Girls Inc of Central AlabamaBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$34,885
Heart Gallery of Alabama IncBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$25,000
Hispanic Interest Coalition of AlabamaBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$24,489
YWCA of Central AlabamaBirmingham, AL501(c)(3)To provide funding for affordable housing construction projects.$15,475
United Ability (Formerly UCP of Greater Bham)Birmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$11,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 PartyRelationshipDescriptionShared RevenueAmount
-TrusteeTrustee CompensationNo$174,347
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security deposits$32,035
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
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
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Pursuant to the Trust Agreement (Page 5, Article 111, Paragraph 3.2), Sam Parker and Michael Davis are the two Qualified persons designated by the Authority's Board of Commissioners and Hugo Isom and Perry Shuttlesworth are the two Qualified persons designated by the Corporation's Board of Directors. Sam Parker and Michael Davis currently serve together on the Authority's Board of Commissioners while Hugo Isom and Perry Shuttelsworth currently serve on the Corporation's Board of Directors.”

Form 990, Part VI, Section B, line 11B

“Before the Form 990 is filed, a copy of the entire Form 990 is provided to the trustee. Upon trustee approval, the Form 990 is filed with the Internal Revenue Service.”

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

“The trustee and the advisory board members sign a Conflict of Interest statement.”

Form 990, Part VI, Section B, line 15

“The compensation of the Trustee was negotiated at arm's length after a request for proposal process was concluded. Several banks and trust companies competed for this Trustee position. The request for proposal process provided the necessary information to allow for the determination that Trustee would not be paid more than fair market value for its services.”

Form 990, Part VI, Section C, line 19

“Upon request”

Filing and Contact Details

Filer

Filer Name
Housing Affordability Trust
EIN
46-1003393
Phone
2058686156
Address
800 Shades Creek Parkway No 125, Birmingham, AL 35209-4526

Signing Officer

Name
Roger L Brown
Title
Synovus, Regional Manager
Phone
2058686156
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger L Brown
Formed
2012
Legal Domicile
Tn
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Kassouf & Co PC
Address
2101 Highland Ave S Suite 300, Birmingham, AL 35205-4009
Preparer
Gerard J Kassouf
Phone
2054432500
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IRS990ScheduleA/PublicSupportTotal170Amt010000000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010000000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010000000
IRS990ScheduleA/TotalSupportAmt014279011
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06811519
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0908546
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt07720065
IRS990ScheduleD/EquipmentGrp/BookValueAmt044741
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0112504
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0157245
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010252
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0388775
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0399027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032035
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposits
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01789709
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11775463
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2656673
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt37744347
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investment in Stone Ridge Hat-Lap, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Investment in High River Hat-Lap, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Investment in CP Hat-Lap, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Investment in Park Hat-Lap, LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06866512
IRS990ScheduleD/TotalBookValueSecuritiesAmt011966192
IRS990ScheduleD/TotalLiabilityAmt032035
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt056250
IRS990ScheduleI/RecipientTable/CashGrantAmt134885
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt324489
IRS990ScheduleI/RecipientTable/CashGrantAmt4486889
IRS990ScheduleI/RecipientTable/CashGrantAmt5100000
IRS990ScheduleI/RecipientTable/CashGrantAmt656480
IRS990ScheduleI/RecipientTable/CashGrantAmt744933
IRS990ScheduleI/RecipientTable/CashGrantAmt815475
IRS990ScheduleI/RecipientTable/CashGrantAmt911500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4To provide funding for affordable housing construction projects.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7To provide funding for affordable housing construction projects.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8To provide funding for affordable housing construction projects.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Collat Jewish Family Services of Birmingham
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Girls Inc of Central Alabama
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Heart Gallery of Alabama Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Hispanic Interest Coalition of Alabama
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Jefferson County Housing Authority
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5NAHMA Educational Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Neighborhood Housing Services of Birmingham Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7One Place Metro Alabama Family Justice Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8YWCA of Central Alabama
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9United Ability (Formerly UCP of Greater Bham)
IRS990ScheduleI/RecipientTable/RecipientEIN0631015318
IRS990ScheduleI/RecipientTable/RecipientEIN1630328643
IRS990ScheduleI/RecipientTable/RecipientEIN2203026109
IRS990ScheduleI/RecipientTable/RecipientEIN3631225764
IRS990ScheduleI/RecipientTable/RecipientEIN4300273489
IRS990ScheduleI/RecipientTable/RecipientEIN5541786436
IRS990ScheduleI/RecipientTable/RecipientEIN6630713056
IRS990ScheduleI/RecipientTable/RecipientEIN7474673750
IRS990ScheduleI/RecipientTable/RecipientEIN8630288882
IRS990ScheduleI/RecipientTable/RecipientEIN9630307960
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03940 Montclair Road No 205
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15201 8th Avenue South
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2716 37th Street South
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3117 S Crest Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt43700 Industrial Parkway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5400 N Columbus Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6601 19th Street North
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7PO Box 59812
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8309 North 23rd Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9100 Oslo Circle
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Alexandria
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Birmingham
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd035213
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd135212
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd235222
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd335209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd435217
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd522314
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd635203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd735259
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd835203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd935211
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Housing Affordability Trust made contributions to various charitable organizations for general use in carrying out the charitable purpose of these organizations. Procedures for monitoring the use of grant funds include applying for a specific purpose grant, board approval, and filing of periodic financial documentation to support the specific purpose of the grant.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt010
IRS990ScheduleI/TotalOtherOrgCnt010
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Synovus Trust Company NA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Trustee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0174347
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Trustee Compensation
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Pursuant to the Trust Agreement (Page 5, Article 111, Paragraph 3.2), Sam Parker and Michael Davis are the two Qualified persons designated by the Authority's Board of Commissioners and Hugo Isom and Perry Shuttlesworth are the two Qualified persons designated by the Corporation's Board of Directors. Sam Parker and Michael Davis currently serve together on the Authority's Board of Commissioners while Hugo Isom and Perry Shuttelsworth currently serve on the Corporation's Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Before the Form 990 is filed, a copy of the entire Form 990 is provided to the trustee. Upon trustee approval, the Form 990 is filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The trustee and the advisory board members sign a Conflict of Interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation of the Trustee was negotiated at arm's length after a request for proposal process was concluded. Several banks and trust companies competed for this Trustee position. The request for proposal process provided the necessary information to allow for the determination that Trustee would not be paid more than fair market value for its services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Housing Affordability Trust
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0JF Hat LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt07021974
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01013835
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02204 Lakeshore Drive Suite 450
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Birmingham
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd035209
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0Housing Affordability Trust
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1Housing Affordability Trust
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2Housing Affordability Trust
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3Housing Affordability Trust
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0461746856

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,360,416
Liabilities
$32,035
Net assets
$29,328,381
Revenue
-$750,444
Expenses
$1,189,029
Net income
-$1,939,473
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.7$0.00$53.7$1.54$4.98$3.44
2022Detailed filing. Detailed filing data is available for this year.$46.1$0.00$46.1$0.45$5.46$5.91
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$0.00$52.1$6.26$5.74$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.5$0.00$51.5$2.83$7.13$4.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.8$0.00$55.8$26.1$4.76$21.3
2017Detailed filing. Detailed filing data is available for this year.$29.4$0.03$29.3$0.75$1.19$1.94
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$0.03$31.3$10.6$0.70$9.93
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.4$0.03$21.3$1.77$5.33$7.10
2014Detailed filing. Detailed filing data is available for this year.$28.5$0.03$28.4$0.65$0.30$0.95