Civic Intelligence

Housing Affordability Trust

990 • Fiscal year 2018 • EIN 46-1003393

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

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.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

95th percentile

65%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$192,179

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

84th percentile

18%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

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

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$34,559,640

Up $5,199,224 (+18%) from 2017

Net Assets

Up

$34,526,375

Up $5,197,994 (+18%) from 2017

Liabilities

Up

$33,265

Up $1,230 (+3.8%) from 2017

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin95th percentile

Revenue

Up

$7,985,983

Up $8,736,427 (+1164%) from 2017

Expenses

Up

$2,787,989

Up $1,598,960 (+134%) from 2017

Net Income

Up

$5,197,994

Up $7,137,467 (+368%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth84th 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 2018: $34,559,640Liabilities 2018: $33,265Net Assets 2018: $34,526,3752018Assets 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

2018

Assets$34,559,640
Liabilities$33,265
Net Assets$34,526,375
Open 2018 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 2018: $7,985,983Expenses 2018: $2,787,989Net Income 2018: $5,197,9942018Revenue 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

2018

Revenue$7,985,983
Expenses$2,787,989
Net Income$5,197,994
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$8,978,729
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$29,328,381$34,526,375▲ $5,197,994
Investments Other Securities$11,966,192$17,212,024▲ $5,245,832
Savings and Temporary Cash Investments$8,491,083$8,246,558▼ $244,525
Land, Buildings, and Equipment, Net$6,866,512$7,072,702▲ $206,190
Investments in Publicly Traded Securities$2,036,174$2,028,356▼ $7,818
Other Notes and Loans Receivable, Net$455$0▼ $455
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$29,360,416$34,559,640▲ $5,199,224
Liabilities
Other Liabilities$32,035$33,265▲ $1,230
Total Liabilities$32,035$33,265▲ $1,230
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,328,381$34,526,375▲ $5,197,994
Total Liabilities and Net Assets / Fund Balance$29,360,416$34,559,640▲ $5,199,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,031,356$1,203,422-
Other Land Buildings$9,494$389,533-
Equipment$31,852$132,228-
Other Securities$8,126,742--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteeFT$192,179$192,179

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
LIV Apartment Partners LLCConsulting Services2204 Lakeshore Drive Suite 135, Birmingham, AL 35209$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$196,102
Other Revenue
$7,789,881
Change in Net Assets
$5,197,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,343,024
Other Expenses$252,786
Salaries, Compensation, and Employee Benefits$192,179
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,343,024--$2,343,024
Current Officers, Directors, Trustees, and Key Employees-$192,179-$192,179
Fees for Services Management-$140,000-$140,000
Fees for Services Legal-$94,168-$94,168
Other Expenses-$7,936-$7,936
Fees for Services Accounting-$7,031-$7,031
Insurance-$3,651-$3,651
Total Functional Expenses$2,343,024$444,965$0$2,787,989
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jefferson County Housing AuthorityBirmingham, AL501(c)(3)To provide funding for affordable housing construction projects.$751,405
YWCA of Central AlabamaBirmingham, AL501(c)(3)To provide funding for affordable housing construction projects.$401,841
United Way of Central Alabama IncBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$380,254
One Place Metro Alabama Family Justice CenterBirmingham, AL501(c)(3)To provide funding for affordable housing construction projects.$205,067
Community Partnership of Alabama IncBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$150,300
Girls Incorporated of Central AlabamaBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$145,115
Greater Birmingham Habitat for Humanity IncFairfield, AL501(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.$75,926
Hispanic Interest Coalition of AlabamaBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$60,339
First Light IncBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$50,000
Collat Jewish Family Services of BirminghamBirmingham, AL501(c)(3)To provide funding for use in carrying out the charitable purpose of the organization.$18,750
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$192,179
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security deposits$32,997
Late fees$268
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
Carolyn G Dunkle
Title
Synovus, VP
Phone
2058686156
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn G Dunkle
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/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0685991
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05526282
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.70030
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalSupportAmt05526282
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07031356
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01203422
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt08234778
IRS990ScheduleD/EquipmentGrp/BookValueAmt031852
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132228
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0164080
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09494
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0389533
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0399027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Late fees
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01571089
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1115072
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2620340
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt36778781
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt48126742
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/Desc4Investment - Shoals Hat-Lap, LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07072702
IRS990ScheduleD/TotalBookValueSecuritiesAmt017212024
IRS990ScheduleD/TotalLiabilityAmt033265
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt018750
IRS990ScheduleI/RecipientTable/CashGrantAmt1145115
IRS990ScheduleI/RecipientTable/CashGrantAmt260339
IRS990ScheduleI/RecipientTable/CashGrantAmt3751405
IRS990ScheduleI/RecipientTable/CashGrantAmt475926
IRS990ScheduleI/RecipientTable/CashGrantAmt5205067
IRS990ScheduleI/RecipientTable/CashGrantAmt6401841
IRS990ScheduleI/RecipientTable/CashGrantAmt7150300
IRS990ScheduleI/RecipientTable/CashGrantAmt850000
IRS990ScheduleI/RecipientTable/CashGrantAmt9100000
IRS990ScheduleI/RecipientTable/CashGrantAmt10380254
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/IRCSectionDesc10501(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 affordable housing construction projects.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5To provide funding for affordable housing construction projects.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6To provide funding for affordable housing construction projects.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9To provide funding for use in carrying out the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10To 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 Incorporated of Central Alabama
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Hispanic Interest Coalition of Alabama
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Jefferson County Housing Authority
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Neighborhood Housing Services of Birmingham Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5One Place Metro Alabama Family Justice Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6YWCA of Central Alabama
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Community Partnership of Alabama Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8First Light Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Greater Birmingham Habitat for Humanity Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10United Way of Central Alabama Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0631015318
IRS990ScheduleI/RecipientTable/RecipientEIN1630328643
IRS990ScheduleI/RecipientTable/RecipientEIN2631225764
IRS990ScheduleI/RecipientTable/RecipientEIN3300273489
IRS990ScheduleI/RecipientTable/RecipientEIN4630713056
IRS990ScheduleI/RecipientTable/RecipientEIN5474673750
IRS990ScheduleI/RecipientTable/RecipientEIN6630288882
IRS990ScheduleI/RecipientTable/RecipientEIN7271801693
IRS990ScheduleI/RecipientTable/RecipientEIN8631197189
IRS990ScheduleI/RecipientTable/RecipientEIN9630962910
IRS990ScheduleI/RecipientTable/RecipientEIN10630288846
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03940 Montclair Road No 205
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15201 8th Avenue South
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2117 S Crest Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33700 Industrial Parkway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4601 19th Street North
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 59812
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6309 North 23rd Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7PO Box 320189
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt82230 4th Avenue North
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9PO Box 540
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10PO Box 320189
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Fairfield
IRS990ScheduleI/RecipientTable/USAddress/CityNm10Birmingham
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd035213
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd135212
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd235209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd335217
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd435203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd535259
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd635203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd735232
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd835203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd935064
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1035232
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/Total501c3OrgCnt011
IRS990ScheduleI/TotalOtherOrgCnt011
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Synovus Trust Company NA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Trustee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0192179
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/EndOfYearAssetsAmt07246147
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01187999
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02204 Lakeshore Drive Suite 450
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Birmingham
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0AL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,559,640
Liabilities
$33,265
Net assets
$34,526,375
Revenue
$7,985,983
Expenses
$2,787,989
Net income
$5,197,994
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
2018Detailed filing. Detailed filing data is available for this year.$34.6$0.03$34.5$7.99$2.79$5.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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