2022-04-14T16:38:48-05:00 2021-09-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-10-01 520939288 HOUSING ASSISTANCE COUNCIL HOUS 2028428600 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 DAVID LIPSETZ PRESIDENT & CEO 2028428600 2022-04-14 1 DAVID LIPSETZ 999009999 AARON M FOX P01365820 2022274000 2022-04-14 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID LIPSETZ 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 21343540 0 X WWW.RURALHOME.ORG X 1971 DC TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES. 16 14 32 19 0 0 4732787 8754723 1011122 1339701 323453 1425745 18691 33947 6086053 11554116 356231 493579 0 0 3281683 3643040 0 0 500274 3199143 3831329 6837057 7967948 -751004 3586168 39408010 50242099 10852330 18041023 28555680 32201076 X THE EXEMPT PURPOSE IS TO IMPROVE HOUSING CONDITIONS FOR THE RURAL POOR, WITH EMPHASIS ON THE POOREST OF THE POOR IN THE MOST RURAL PLACES. HOUSING ASSISTANCE COUNCIL (HAC) PROVIDES BELOW-MARKET FINANCING FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT, TECHNICAL ASSISTANCE AND TRAINING, RESEARCH AND INFORMATION, AND POLICY FORMULATION TO ENABLE SOLUTIONS FOR RURAL COMMUNITIES. 0 0 3537235 1332001 LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING. 2478707 493579 7700 KNOWLEDGE SHARING- PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE US. THIS IS DONE THROUGH FORMAL TRAININGS, ONE-ON-ONE TECHNICAL ASSISTANCE AND CONNECTING LOCAL ORGANIZATIONS TO RESOURCES WHICH CAN BUILD THEIR CAPACITY AND STRENGTHEN THEIR COMMUNITY. 649662 RESEARCH AND INFORMATION - CONDUCTS RESEARCH AND STUDIES AND REPORTS ON A WIDE RANGE OF TOPICS RELATED TO RURAL HOUSING RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR TO HELP INFORM SOUND HOUSING POLICIES AND STRATEGIES. 322390 ADVOCACY AND OUTREACH 322390 6987994 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 21 0 1 32 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KARIN KLUSMANN 2028428600 1025 VERMONT AVENUE NW SUITE 606 WASHINGTON DC 20005 DAVID LIPSETZ PRESIDENT & CEO 40.00 0.10 X 252054 0 23358 KARIN KLUSMANN ASST. SEC./TREAS./DIR. OF FINANCE 40.00 0.10 X 166690 0 36391 EILEEN NEELY LENDING DIRECTOR 40.00 X 154459 0 22480 TRAVIS GEORGE ASST. SEC./RESEARCH & INFORMATION 40.00 X 151505 0 18787 SHONTERRIA CHARLESTON TRAINING/TECHNICAL ASSIST. DIR. 40.00 X 133143 0 34502 JENNIFER MCALLISTER DEVELOPMENT MANAGER 40.00 X 124247 0 16752 MARIA LUISA MERCADO CHAIR 1.00 0.10 X X 0 0 0 LAURA BUXBAUM VICE CHAIR 1.00 0.10 X X 0 0 0 TOM MANNING-BEAVIN TREASURER 1.00 0.10 X X 0 0 0 ANDRES SAAVEDRA SECRETARY - UNTIL 09/2021 1.00 0.10 X X 0 0 0 GIDEON ANDERS BOARD OF DIRECTOR 0.60 X 0 0 0 ANDREW BIAS BOARD OF DIRECTOR 0.60 X 0 0 0 PETER CAREY BOARD OF DIRECTOR 0.60 X 0 0 0 DAVE CASTILLO BOARD OF DIRECTOR 0.60 X 0 0 0 SANDRA FERNIZA BOARD OF DIRECTOR - UNTIL 09/2021 0.60 X 0 0 0 ILENE JACOBS BOARD OF DIRECTOR 0.60 X 0 0 0 TWILA MARTIN-KEKAHBAH BOARD OF DIRECTOR 0.60 X 0 0 0 NICK MITCHELL-BENNETT BOARD OF DIRECTOR 0.60 0.10 X 0 0 0 WILLIAM PICOTTE BOARD OF DIRECTOR 0.60 0.10 X 0 0 0 NAOMI WOODSON SCIPIO BOARD OF DIRECTOR 0.60 X 0 0 0 IRENE SIKELIANOS BOARD OF DIRECTOR - UNTIL 09/2021 0.60 X 0 0 0 BENNIE THOMPSON BOARD OF DIRECTOR 0.60 X 0 0 0 DAZETTA THORNE BOARD OF DIRECTOR 0.60 X 0 0 0 ANDREW B WINTER BOARD OF DIRECTOR 0.60 X 0 0 0 CONNIE WRIGHT BOARD OF DIRECTOR 0.60 X 0 0 0 982098 0 152270 6 0 1 0 0 7320840 1433883 8754723 LOAN INTEREST INC. & SERV. FEES 900099 1332001 1332001 CONFERENCE REGISTRATION & SUPPORT 900099 7700 7700 1339701 58489 58489 9406935 1749745 9143261 646163 263674 1103582 1367256 1367256 MISCELLANEOUS 900099 31179 31179 REFUNDS 900099 3463 3463 GAIN ON SUBSIDIARY 900099 -695 -695 33947 11554116 1339701 0 1459692 493579 493579 677007 456165 182403 38439 2198561 1820239 118653 259669 91049 75893 4072 11084 143836 123081 1323 19432 532587 423547 52343 56697 8180 8180 64384 51683 6535 6166 26789 26789 517095 475911 7484 33700 87322 70197 9751 7374 132238 108350 11513 12375 428011 341291 39876 46844 3695 952 2743 11815 11815 210342 210342 12578 10018 1223 1337 63233 54289 4328 4616 GRANT CONVERSION EXP. 1630548 1630548 LOAN LOSS RESERVE PROV. 594269 594269 MISCELLANEOUS 40830 27645 10644 2541 7967948 6987994 479680 500274 182303 139516 16671950 14865781 506274 799743 147444 363262 17454973 27809914 27911 72771 227334 74454 811621 152880 3082417 5547287 476179 475484 46938 15461 39408010 50242099 576355 415517 2346 4399 7655913 7169235 2194791 10050497 422925 401375 10852330 18041023 X 2104803 9651521 26450877 22549555 28555680 32201076 39408010 50242099 3586168 59228 0 X 0 1 X 1 1 1 X 4797501 4456200 2959914 4732787 8754723 25701125 4797501 4456200 2959914 4732787 8754723 25701125 809391 24891734 261976 263454 354834 304638 58489 1243391 6905 47456 75508 43491 30484 203844 27148360 5107552 0.91690 0.91190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2017 AMOUNT: $ 3,081. 2018 AMOUNT: $ 1,285. 2019 AMOUNT: $ 5,383. 2020 AMOUNT: $ 6,179. GAIN ON SUBSIDIARY - 2016 AMOUNT: $ 6,905. 2018 AMOUNT: $ 16,030. 2019 AMOUNT: $ 3,108. 2020 AMOUNT: $ -695. BAD DEBT RECOVERY INCOME - 2017 AMOUNT: $ 44,375. 2018 AMOUNT: $ 58,193. 2019 AMOUNT: $ 35,000. 2020 AMOUNT: $ 25,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7967948 7967948 548397 137099 0 0 486281 491853 548397 1526531 2289797 20000 20000 121570 122963 137099 381632 572448 137106 137106 90228 74454 15774 152880 DEFERRED RENT AND LEASE INCENTIVES 401375 401375 X PART X, LINE 2: MANAGEMENT OF HAC BELIEVES THAT IT HAS NO MATERIAL UNCERTAINTY IN INCOME TAXES AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAXES IN ITS FINANCIAL STATEMENTS. 1 ADULTS & YOUTH UNITED DEVELOPMENT ASSOCIATION PO BOX 2017 SAN ELIZARIO TX 79849 742696297 501(C)(3) 24000 PROJECT DEVELOPMENT BLACKBELT & CENTRAL ALABAMA HOUSING 1201 COUNTY ROAD 306 SELMA AL 36703 020663098 501(C)(3) 24000 PROJECT DEVELOPMENT BOGALUSA REBIRTH 644 SAINT AUGUSTINE STREET BOX182 BOGALUSA LA 70427 260378968 501(C)(3) 30000 PROJECT DEVELOPMENT COMMUNITY ACTION COMMISSION OF FAYETTE 1400 US ROUTE 22 NW WASHINGTON COURT HOUSE OH 43160 310723686 501(C)(3) 24000 PROJECT DEVELOPMENT COMMUNITY SERVICE PROGRAMS OF WEST ALABAMA 601 BLACK BEARS WAY TUSCALOOSA AL 35401 630671915 501(C)(3) 24000 PROJECT DEVELOPMENT CREATIVE COMPASSION INC 20 PENNY LANE CROSSVILLE TN 38555 621425691 501(C)(3) 30000 PROJECT DEVELOPMENT GRANTS & STRATEGIC CORPORATE PARTNERSHIPS 4523 BRISTOL HIGHWAY JOHNSON CITY TN 37601 460512638 501(C)(3) 24000 PROJECT DEVELOPMENT GUADALUPE ECONOMIC SERVICES CORPORATION 1502 ERSKINE STREET LUBBOCK TX 79403 751867465 501(C)(3) 6000 PROJECT DEVELOPMENT HABITAT FOR HUMANITY OF ORANGE COUNTY 2200 RITCHEY STREET SANTA ANA CA 92705 330311059 501(C)(3) 20000 PROJECT DEVELOPMENT HOME WORKS OF AMERICA 3823 W BELTLINE BOULEVARD COLUMBIA SD 29204 562027026 501(C)(3) 24000 PROJECT DEVELOPMENT HOUSING AUTHORITY OF CHEROKEE NATION 5014 MUSKOGEE AVENUE TAHLEQUAH OK 74464 730757033 501(C)(3) 24000 PROJECT DEVELOPMENT JERRY AMBROSE VETERAN COUNCIL 315 E OAK STREET KINGMAN AZ 86401 461967830 501(C)(3) 24000 PROJECT DEVELOPMENT LAKE SUPERIOR COMMUNITY DEVELOPMENT CORPORATION 1 N FRONT STREET LANSE MI 49946 364616294 501(C)(3) 24000 PROJECT DEVELOPMENT MILFORD HOUSING DEVELOPMENT CORPORATION 977 E MASTEN CIRCLE MILFORD DE 19963 510218904 501(C)(3) 6000 PROJECT DEVELOPMENT NEW FOUNDATIONS DEVELOPMENT INC 607 OOTHCALOOGA STREET CALHOUN GA 30701 462225077 501(C)(3) 20000 PROJECT DEVELOPMENT NORTH EAST COMMUNITY ACTION CORPORATION 815 BUSINESS HIGHWAY 61N BOWLING GREEN MO 63334 431017571 501(C)(3) 15273 PROJECT DEVELOPMENT REBUILDING TOGETHER FARGO-MOORHEAD AREA 700 MAIN AVENUE 10 FARGO ND 58103 274415410 501(C)(3) 20000 PROJECT DEVELOPMENT SOLANO-NAPA HABITAT FOR HUMANITY 104 COMMERCE COURT FAIRFIELD CA 94534 680252525 501(C)(3) 24000 PROJECT DEVELOPMENT WHITE MOUNTAIN APACHE HOUSING AUTHORITY 50 W CHINATOWN STREET WHITE RIVER AZ 85941 860194403 501(C)(3) 24000 PROJECT DEVELOPMENT WILMINGTON AREA REBUILDING MINISTRY INC 5058 WRIGHTSVILLE AVE WILMINGTON NC 28403 562076795 501(C)(3) 24000 PROJECT DEVELOPMENT 20 0 PART I, LINE 2: HAC PROVIDES SUB-AWARD GRANTS TO RECIPIENTS THAT MEET CERTAIN PERFORMANCE AND/OR QUALIFICATIONS FOR UTILIZING THE FUND TO ENHANCE AND BOLSTER THEIR PROGRAMS. GRANTEES ARE MONITORED THROUGH REPORTING, REGULAR COMMUNICATIONS, AND SITE VISITS, IF DEEMED APPROPRIATE. X X X X X 0 0 0 0 0 0 0 0 0 DAVID LIPSETZ PRESIDENT & CEO 252054 0 0 0 0 0 13080 0 10278 0 275412 0 275412 0 KARIN KLUSMANN ASST. SEC./TREAS./DIR. OF FINANCE 166690 0 0 0 0 0 7697 0 28694 0 203081 0 203081 0 EILEEN NEELY LENDING DIRECTOR 154459 0 0 0 0 0 7696 0 14784 0 176939 0 176939 0 TRAVIS GEORGE ASST. SEC./RESEARCH & INFORMATION 151505 0 0 0 0 0 7696 0 11091 0 170292 0 170292 0 SHONTERRIA CHARLESTON TRAINING/TECHNICAL ASSIST. DIR. 133143 0 0 0 0 0 6673 0 27829 0 167645 0 167645 0 GIDEON ANDERS BOARD MEMBER CAPITAL INVESTMENT IN LOAN FUND X 1031 1031 0 1 1 MARIA MERCADO BOARD CHAIR CAPITAL INVESTMENT IN LOAN FUND X 1315 1368 0 1 1 DAVID LIPSETZ PRESIDENT & CEO CAPITAL INVESTMENT IN LOAN FUND X 2000 2000 0 1 1 4399 FORM 990, PART VI, SECTION A, LINE 4 HAC BYLAWS WERE AMENDED ON JANUARY 29, 2021 TO ADOPT THE FOLLOWING TERM LIMITS: (1) DIRECTORS TO THREE CONSECUTIVE TERMS ON THE BOARD (EACH TERM BEING THREE YEARS, INCLUDING TIME ALREADY SPENT ON THE BOARD; (2) DIRECTORS WHO HAVE REACHED THEIR TERM LIMITS MUST SPEND AT LEAST THREE YEARS OFF THE BOARD; AND (3) BE STAGGERED AS TO TAKE EFFECT WITH EACH SUCCESSIVE CLASS WHEN UP FOR RE-ELECTION. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 TAX RETURN FOR HAC IS PREPARED BY AN INDEPENDENT AUDITING FIRM WHO ALSO CONDUCTS THE ANNUAL FINANCIAL AUDIT OF HAC. THE TAX RETURN IS REVIEWED BY HAC'S FINANCE & ADMINISTRATION DIRECTOR AND BY HAC'S CHIEF EXECUTIVE OFFICER. THE TAX RETURN IS ALSO SUBJECTED TO REVIEWS BY HAC'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN AN ANNUAL STATEMENT. THE CHIEF EXECUTIVE OFFICER OR HIS DESIGNEE SHALL REVIEW ALL STATEMENTS SUBMITTED. INTERESTED PERSONS (BOARD AND STAFF) THAT HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST MUST DISCLOSE THE NATURE/FACTS OF THE CONFLICT. ON TRANSACTIONS THAT WILL BE CONDUCTED WITH RELATIONSHIPS THAT MIGHT INVOLVE PARTIES THAT COULD BE CONSTRUED AS CONFLICT OF INTEREST, STAFF AND MANAGEMENT WILL DISCUSS WITH LEGAL COUNSEL, AND/OR THE BOARD OF DIRECTORS SUCH POTENTIAL CONFLICTS OF INTEREST PRIOR TO ENTERING INTO ANY SUCH AGREEMENTS OR NEEDING APPROVAL FOR SUCH EVENTS. STAFF WILL PRIMARILY DETERMINE WHETHER THE ORGANIZATION CREATES A POTENTIAL CONFLICT OF INTEREST. A DISCUSSION WILL BE HELD WITH THE MANAGEMENT AND VERIFIED BY A LEGAL COUNSEL IF A NEW TRANSACTION TYPE ARISES. FOR BOARD MEMBERS, SUCH DISCLOSURES ARE PUT IN WRITING BY THE BOARD MEMBERS AND RETAINED BY MANAGEMENT. IF THE BOARD OF DIRECTORS OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION SUCH AS DISQUALIFYING THE EMPLOYEE FOR PARTICULAR ASSIGNMENTS AND SEPARATION. FORM 990, PART VI, SECTION B, LINE 15A THERE IS AN ANNUAL EVALUATION CONDUCTED FOR ALL KEY PERSONNEL BY THE CHIEF EXECUTIVE OFFICER. FOR THE CHIEF EXECUTIVE OFFICER, AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS EVALUATES THIS POSITION. FOR ALL POSITIONS, THE CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS ARE AFFORDED A COMPENSATION SURVEY OF KEY POSITIONS TO DETERMINE THE FAIRNESS AND COMPARABLE RATES BASED ON SIZE AND BUDGET OF SIMILAR ORGANIZATIONS. FOR KEY PERSONNEL, THE CHIEF EXECUTIVE OFFICER MAKES COMPENSATION ADJUSTMENTS BASED ON COMPARABLE MARKET RATES FOR THE POSITION, PERFORMANCE MERIT OR COLA. FOR THE CHIEF EXECUTIVE OFFICER, THE EXECUTIVE COMPENSATION COMMITTEE MEETS AT LEAST ANNUALLY TO RECOMMEND COMPENSATION ADJUSTMENTS TO THE CHIEF EXECUTIVE OFFICER'S SALARY. ADJUSTMENTS TO ALL PERSONNEL COMPENSATION ARE INCORPORATED INTO THE ANNUAL OPERATING BUDGET. AS PART OF THE BUDGET PRESENTATION, MANAGEMENT REPORTS ON COMPENSATION ADJUSTMENTS TO PERSONNEL LINE ITEM COSTS TO THE BOARD FINANCE COMMITTEE, THEN TO THE ENTIRE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS AFFORDED OPPORTUNITY TO RAISE QUESTIONS IF NECESSARY. COMPENSATION ADJUSTMENTS TO THE CHIEF EXECUTIVE OFFICER'S COMPENSATION ARE PRESENTED BY THE EXECUTIVE COMPENSATION COMMITTEE TO THE FULL BOARD OF DIRECTORS, IN EXECUTIVE SESSION, FOR APPROVAL. MINUTES ARE TAKEN OF THE EXECUTIVE COMMITTEE MEETING AND HELD BY HAC'S GENERAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 HAC PROVIDES ITS GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY UPON REQUEST. THE ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BOTH THROUGH ANNUAL REPORTS AND ALSO UPON REQUEST. RURAL HOUSING SERVICES INC 1025 VERMONT STREET NW WASHINGTON DC 20005 521306869 TO PROMOTE THE SOCIAL WELFARE OF LOW-INCOME PERSONS IN RURAL AREAS DC 501(C)(4) N/A HAC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0