Civic Intelligence

Watterson - American Housing Foundation Inc

990 • Fiscal year 2012 • EIN 54-1760677

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 06, 2013

Organization ProfileN/A
3937C University Drive22030
Siviq Scores

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

Liabilities / Assets

63rd percentile

0.02x

Higher debt load relative to assets than 63% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$28,770

Down $6,685,204 (-100%) from 2011

Net Assets

Down

$28,270

Down $6,683,204 (-100%) from 2011

Liabilities

Down

$500

Down $2,000 (-80%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$6,692,696

Up $5,945,553 (+796%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,684,795Liabilities 2010: $2,048,156Net Assets 2010: $4,636,6392010Assets 2011: $6,713,974Liabilities 2011: $2,500Net Assets 2011: $6,711,4742011Assets 2012: $28,770Liabilities 2012: $500Net Assets 2012: $28,2702012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013

Highlighted filing

2012

Assets$28,770
Liabilities$500
Net Assets$28,270
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,328,4812010Expenses 2011: $747,1432011Expenses 2012: $6,692,6962012Revenue 2013: $7Expenses 2013: $28,277Net Income 2013: -$28,2702013

Highlighted filing

2012

Revenue-
Expenses$6,692,696
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 6, 2013
Return Version
2012v2.1
Gross Receipts
$9,492
Mission and Program Overview

Mission

Provided affordable housing for low and very low-income, elderly and handicapped persons.

Filing and Contact Details

Filer

EIN
54-1760677
Raw XML AppendixShowing 400 of 514 raw XML fields

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IRS990ScheduleI/RecipientTable/PurposeOfGrant1TO FUND ROOF REPLACEMENT AND OTHER CAPITAL IMPROVEMENTS
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THE PRESIDENT (WHO ALSO IS A DIRECTOR) AND THE VICE PRESIDENT RECEIVE COMPENSATION ONLY FROM A RELATED EXEMPT ORGANIZATION, AMERICAN VILLAGE COMMUNITIES, INC., A VIRGINIA NONPROFIT CORPORATION AND SUPPORTING ORGANIZATION FOR TAXPAYER UNDER SEC 509(A)(3) OF THE IRC, BUT RECEIVES NO COMPENSATION FROM THE TAXPAYER.
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IRS990ScheduleO/GeneralExplanation/Explanation0TAXPAYER SOLD ITS LOW INCOME RENTAL HOUSING PROPERTY, PAID OFF ITS DEBTS AND CONTRIBUTED MOST OF ITS FUNDS TO ITS PARENT, AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION, FOR USE IN ITS CHARITABLE ACTIVITIES. SEE SCHEDULE N. SINCE TAXPAYER CANNOT ELIMINATE POTENTIAL LIABILITY FOR ACTS OR OMISSIONS WHICH OCCURRED ON OR PRIOR TO DISPOSITION OF ITS HOUSING PROPERTY, TAXPAYER HAS NOT BEEN DISSOLVED YET AND RETAINS A SMALL FUNDS BALANCE. TAXPAYER WILL FILE ITS FINAL TAX RETURN AFTER IT HAS DISSOLVED AND DISPOSED OF ITS REMAINING ASSETS.
IRS990ScheduleO/GeneralExplanation/Explanation1PRESIDENT AND DIRECTOR JOHN BRANTLEY BABER HAS A FAMILY RELATIONSHIP WITH VICE PRESIDENT KATHERINE KALINOWSKI.
IRS990ScheduleO/GeneralExplanation/Explanation2THE DRAFT FORM 990 IS PREPARED BY THE CERTIFIED PUBLIC ACCOUNTANTS RETAINED BY THE TAXPAYER FOR THIS PURPOSE. THE FORM 990 IS REVIEWED BY THE TAXPAYER'S PRESIDENT, WHO DEALS WITH ALL FINANCING, CONTRACT AND CAPITAL EXPENDITURE ISSUES FOR THE TAXPAYER, BY THE TAXPAYER'S GENERAL COUNSEL, WHO DEALS WITH ALL LEGAL AND REGULATORY ISSUES FOR THE TAXPAYER, AND BY THE TAXPAYER'S INDEPENDENT ACCOUNTANT WHO HANDLES ALL PAYABLES AND RECEIVABLES FOR THE TAXPAYER. THE FORM 990 IS SENT IN DRAFT FORM TO ALL MEMBERS OF THE BOARD OF DIRECTORS WITH THE REQUEST TO PROVIDE COMMENTS OR POSE QUESTIONS. IF NECESSARY, A SPECIAL MEETING OF THE BOARD WILL BE CONVENED TO DISCUSS THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation3THE TAXPAYER'S CONFLICTS OF INTEREST AND COMPENSATION POLICY ("POLICY") IS STRAIGHT-FORWARD AND ADDRESSES THE DISCLOSURE AND RESOLUTION OF CONFLICTS OF INTEREST IN THE FOLLOWING MANNER: CONFLICTS OF INTEREST - NO DIRECTOR OR OFFICER OF THE TAXPAYER DOES BUSINESS WITH OR RECEIVES ANY MONEY FROM THE TAXPAYER, SO NO SUCH CONFLICTS HAVE ARISEN. IF ANY CONFLICTS OF INTEREST SHOULD ARISE THEY WILL BE DEALT WITH IN ACCORD WITH THE POLICY, WHICH, INTER ALIA, PROVIDES: A. THE BOARD OF DIRECTORS IS REQUIRED TO DETERMINE ALTERNATIVES, IF ANY, TO THE PROPOSED TRANSACTION OR ARRANGEMENT WITH THE INTERESTED PERSON; B. THE BOARD IS REQUIRED TO DETERMINE WHETHER THE TAXPAYER CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY UNRELATED TO INTERESTED PERSON; AND, C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE WITH A PERSON OR ENTITY UNRELATED TO INTERESTED PERSON, THE BOARD IS REQUIRED TO DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE TAXPAYER'S BEST INTEREST AND FOR ITS PRINCIPAL BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE TAXPAYER AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION.
IRS990ScheduleO/GeneralExplanation/Explanation4NO DIRECTOR, OFFICER OR KEY EMPLOYEE OF THE TAXPAYER RECEIVES ANY COMPENSATION FROM THE TAXPAYER. THE OFFICERS RECEIVE COMPENSATION ONLY FROM AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION AND SUPPORTING ORGANIZATION UNDER SECTION 509 (A)(3) OF THE IRC.
IRS990ScheduleO/GeneralExplanation/Explanation5UPON REQUEST, THE TAXPAYER SENDS THESE DOCUMENTS TO THE REQUESTING PARTY. IN ADDITION, THE GOVERNING DOCUMENTS ARE FILED WITH THE STATE OF INCORPORATION OF THE TAXPAYER.
IRS990ScheduleO/GeneralExplanation/Explanation6FORM 990, PART VII SECTION A COLUMN (B): AVERAGE HOURS PER WEEK FOR THE OFFICERS ARE BASED ON ALLOCATING TIME SPENT ON MATTERS CONCERNING THE ORGANIZATION AS OFFICERS OR DIRECTORS OF THE ORGANIZATION AND/OR AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION AND THE PARENT OF THE ORGANIZATION PURSUANT TO A GROUP EXEMPTION PERMISSION AND A 509(A)(3) RULING. THE AVERAGE HOURS ALLOCATED TO TAXPAYER FOR 2012 WERE MINIMAL SINCE ITS PROPERTY WAS SOLD IN 2011 AND MOST ASSETS WERE TRANSFERRED TO AVC IN JANUARY 2012
IRS990ScheduleO/GeneralExplanation/Explanation7EFFECTIVE AS OF JANUARY 1, 2012, AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION ("AVC"), AMENDED AND RESTATED ITS DEFINED BENEFIT PENSION PLAN, ESTABLISHED IN 2008, TO INCREASE RETIREMENT BENEFITS FOR ALL EMPLOYEES OF AVC, AND TO EXTEND THE RETIREMENT AGE TO 65. AVC WAS REQUIRED TO MAKE A DEPOSIT IN ORDER TO COMPLY WITH THE ERISA MINIMUM FUNDING STANDARD RELATING TO YEARS 2003-11, AND TO COMPLY WITH THE MINIMUM FUNDING STANDARD FOR 2012 FOR ALL EMPLOYEES. BENEFITS UNDER THE PENSION PLAN BECOME AVAILABLE TO ITS BENEFICIARIES AT AGE 65, AND AVC'S EMPLOYEES WERE 61 OR OLDER IN 2012, THEREBY NECESSITATING SIZEABLE ANNUAL DEPOSITS TO THE PLAN IN 2012 AND EACH SUBSEQUENT YEAR THROUGH 2016. TOTAL COMPENSATION TO THE NAMED OFFICERS, INCLUDING THEIR RESPECTIVE INCREASES IN ACTUARIAL VALUES OF ASSETS ALLOCATED TO THEM IN THE PENSION PLAN, ARE SUPPORTED AS REASONABLE BY THE 2012 COMPARABILITY STUDY PREPARED BY A THIRD PARTY FOR AVC, WAS RECOMMENDED BY THE INDEPENDENT AVC COMPENSATION COMMITTEE AND WAS APPROVED BY THE AVC BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/Identifier1GOVERNING BODY AND MANAGEMENT SECTION
IRS990ScheduleO/GeneralExplanation/Identifier2COLUMN (C):
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990 WORKSHEET
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (F) AND SCHEDULE J, PART II,
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine103937C UNIVERSITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine113937C UNIVERSITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine123937C UNIVERSITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine133937C UNIVERSITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine143937C UNIVERSITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine153937C UNIVERSITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0FAIRFAX
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1FAIRFAX
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2FAIRFAX
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City3FAIRFAX
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City4FAIRFAX
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City5FAIRFAX
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State1VA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State2VA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State3VA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State4VA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State5VA
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode222030
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode322030
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode422030
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode522030
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IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA2N/A
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA3N/A
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA4N/A
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA5N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0541614099
IRS990ScheduleR/Form990ScheduleRPartII/EIN1541684516
IRS990ScheduleR/Form990ScheduleRPartII/EIN2521822533
IRS990ScheduleR/Form990ScheduleRPartII/EIN3541963538
IRS990ScheduleR/Form990ScheduleRPartII/EIN4742956645
IRS990ScheduleR/Form990ScheduleRPartII/EIN5743008137
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501C3; 509A3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection1501C3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection2501C3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection3501C3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection4501C3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection5501C3
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0VA
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState1NM
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState2MD
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState3TX
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState4TX
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState5TX
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10AMERICAN VILLAGE COMMUNITIES
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine11NEW MEXICO - AMERICAN HOUSING FOUNDATION INC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine12DANIEL HOUSING CORPORATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine13LAS LOMAS - AMERICAN HOUSING FOUNDATION INC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine14EL PASO - AMERICAN HOUSING FOUNDATION INC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine15METROPOLIS - AVC INC
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0PROVIDE SUPPORT FOR RELATED TAX-EXEMPT ORGANIZATIONS
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities1OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities2OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities3OPERATED RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities4OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities5OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 9
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus1LINE 9
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus2LINE 9
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus3LINE 9
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus4LINE 9
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus5LINE 9

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$28,770
Liabilities
$500
Net assets
$28,270
Revenue
-
Expenses
$6,692,696
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.03$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$6.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.71$0.00$6.71$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.68$2.05$4.64$1.33