2021-11-15T14:15:45-06:00 2020-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2020-01-01 470785685 FOUNDATION FOR AFFORDABLE HOUSING FOUN 4025064985 11640 ARBOR STREET SUITE 201 OMAHA NE 68144 MARK HIATT PRESIDENT 4025064985 2021-11-15 1 MARK HIATT 999009999 DAMIEN NICKLE CPA P00802786 4107834900 2021-11-15 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X MARK HIATT 11640 ARBOR STREET SUITE 201 OMAHA NE 68144 11788659 0 X N/A X 1995 NE SEE SCHEDULE OTHE FOUNDATION FOR AFFORDABLE HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTING, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 4 2 2 0 0 0 0 0 3284109 11595392 17336 31645 596778 156141 3898223 11783178 0 0 0 0 728217 2107292 0 0 0 3603716 15922189 4331933 18029481 -433710 -6246303 31589578 186551161 32559359 194012228 -969781 -7461067 THE FOUNDATION FOR AFFORDABLE HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTING, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 0 0 16969325 11788659 PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS THROUGH ITS WHOLLY-OWNED SUBSIDIARIES AND OTHER AFFILIATES. DURING 2020 FOUNDATION FOR AFFORDABLE HOUSING ACQUIRED 6 ADDITIONAL AFFORDABLE HOUSING PROJECTS: THE HOLLOWS (212 UNITS); GREENBRIER (526 UNITS); ATRIUM PLACE (216 UNITS); TAMARIND (220 UNITS); LAWSON CREEK (202 UNITS); AND CULPEPPER (192 UNITS). 16969325 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 6 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 1 1 X MARK HIATT 4025064985 11640 ARBOR STREET SUITE 201 OMAHA NE 68144 DREW FITCH VICE PRESIDENT 5.00 X X 15000 0 0 DAVE WILKINSON DIRECTOR 1.00 X 10000 0 0 STEVE COCRELL DIRECTOR 1.00 X 10000 0 0 MARK HIATT PRESIDENT 55.00 X X 865000 0 0 900000 0 0 1 0 1 0 REDLINE DEVELOPMENT GROUP 11640 ARBOR STREET SUITE 202 OMAHA NE 68144 DEVELOPMENT/FINANCING SERVICES 699950 PARKER POE ADAMS & BERNSTEIN LLP 1221 MAIN STREET SUITE 1100 COLUMBIA SC 29201 LEGAL SERVICES 685500 MERCHANTS BANK 410 MONON BLVD 5TH FLOOR CARMEL IN 46032 FINANCING SERVICES 455950 CUSHMAN & WAKEFIELD 170 MEETING STREET SUITE 110 CHARLESTON SC 29401 REAL ESTATE ADVISORY SERVICES 335000 ARBOR REALTY TRUST INC 375 PARK AVE SUITE 3000 NEW YORK NY 10152 FINANCING SERVICES 331500 7 RENTAL INCOME 532000 10060027 10060027 OTHER RENTAL PROJECT INCOME 532000 1379586 1379586 DEVELOPMENT FEE INCOME 532000 155779 155779 11595392 37126 37126 156141 0 156141 156141 156141 5481 -5481 -5481 -5481 11783178 11632518 0 150660 900000 900000 998371 896193 102178 1442 1442 144630 144630 62849 42163 20686 310177 310177 18601 17218 1383 79075 77625 1450 637656 631878 5778 104195 103355 840 112681 107295 5386 2246 2246 1866228 1866228 1304 1304 7215795 7214073 1722 3998198 3998147 51 348662 339193 9469 REPAIRS AND MAINTENANCE 493970 493970 BAD DEBTS 225120 225120 SUPPLIES 224652 224652 MISCELLANEOUS EXPENSES 172382 167490 4892 111247 104926 6321 18029481 16969325 1060156 0 563239 1992797 298436 212883 1965647 1387635 134504 654363 174512384 5232757 28627752 169279627 4767 0 13019089 31589578 186551161 34176 1016185 31848734 185776303 676449 7219740 32559359 194012228 X 0 0 0 0 -969781 -7461067 -969781 -7461067 31589578 186551161 -6246303 -244983 0 X 0 1 X 1 0 X 6341489 43391 4423391 3898223 11595392 26301886 6341489 43391 4423391 3898223 11595392 26301886 0 0 0 26301886 37126 37126 37126 37126 156141 156141 6341489 43391 4423391 3898223 11788659 26495153 0.99270 1.00000 0.00140 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GAIN ON LEASE ASSET - 2020 AMOUNT: $ 156,141. 14434878 14434878 157472646 4466265 153006381 2472913 764302 1708611 131947 2190 129757 169279627 RESTRICTED CASH 7280544 LEASE ASSET 4906141 TENANT SECURITY DEPOSITS 373904 IN-PLACE LEASES, NET 260958 ACCOUNTS RECEIVABLE - OTHER 175252 UTILITY DEPOSITS 22290 13019089 DEFERRED LEASE REVENUE 4750000 ACCRUED REAL ESTATE TAXES 1166029 SECURITY DEPOSITS 668369 ACCRUED INTEREST 140514 DUE TO AFFILIATES 52385 ACCRUED MANAGEMENT FEES 30982 PREPAID REVENUE 411461 7219740 X PART X, LINE 2: FOUNDATION FOR AFFORDABLE HOUSING IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO EACH ENTITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ENTITY HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. FAH'S WHOLLY-OWNED ENTITIES ARE ESTABLISHED AS SINGLE-MEMBER ENTITIES AND ARE DISREGARDED ENTITIES FOR TAX PURPOSES. X X 0 0 0 0 0 0 0 1 0 MARK HIATT PRESIDENT 360000 0 505000 0 0 0 0 0 0 0 865000 0 0 0 PART I, LINE 7 CASH BONUSES WERE PAID AT THE DISCRETION OF THE BOARD OF DIRECTORS A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 74441XEZ8 2017-12-28 9280000 AFFORDABLE HOUSING 0 0 0 B SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 74441XFA2 2017-12-28 470000 AFFORDABLE HOUSING 0 0 0 C SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 74441XFB0 2017-12-28 21600000 AFFORDABLE HOUSING 0 0 0 D SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 74441XFC8 2017-12-28 1100000 AFFORDABLE HOUSING 0 0 0 A 20794 9280000 9280000 2017 0 0 1 1 B 219 470000 470000 2017 0 0 1 1 C 48400 21600000 21600000 2017 0 0 1 1 D 513 1100000 1100000 2017 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1583266 2020-03-01 1600000 AFFORDABLE HOUSING 0 0 0 B SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1591199 2020-06-08 2300000 AFFORDABLE HOUSING 0 0 0 C SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1591199 2020-06-08 2200000 AFFORDABLE HOUSING 0 0 0 D SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1608152 2020-12-23 1500000 AFFORDABLE HOUSING 0 0 0 A 1600000 1600000 2020 0 0 1 1 B 2300000 2300000 2020 0 0 1 1 C 2200000 2200000 2020 0 0 1 1 D 1500000 1500000 2020 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1608152 2020-12-23 16702500 AFFORDABLE HOUSING 0 0 0 B SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1608152 2020-12-23 2880000 AFFORDABLE HOUSING 0 0 0 C SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 0SYS12033 2020-12-23 550000 AFFORDABLE HOUSING 0 0 0 D SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1608152 2020-12-23 1600000 AFFORDABLE HOUSING 0 0 0 A 16702500 16702500 2020 0 0 1 1 B 2829999 2880000 2880000 2020 0 0 1 1 C 550000 550000 2020 0 0 1 1 D 1600000 1600000 2020 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1606927 2020-12-03 1900000 AFFORDABLE HOUSING 0 0 0 B SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1606928 2020-12-03 1650000 AFFORDABLE HOUSING 0 0 0 C SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 0SYS12030 2020-12-03 850000 AFFORDABLE HOUSING 0 0 0 D SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1606927 2020-12-03 20697500 AFFORDABLE HOUSING 0 0 0 A 1900000 1900000 2020 0 0 1 1 B 1650000 1650000 2020 0 0 1 1 C 850000 850000 2020 0 0 1 1 D 20697500 20697500 2020 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1606927 2020-12-03 2050000 AFFORDABLE HOUSING 0 0 0 B SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1599682 2020-09-10 1650000 AFFORDABLE HOUSING 0 0 0 C SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1599681 2020-09-10 14832000 AFFORDABLE HOUSING 0 0 0 D SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1599682 2020-09-10 3631400 AFFORDABLE HOUSING 0 0 0 A 1999999 2050000 2050000 2020 0 0 1 1 B 1650000 1650000 2020 0 0 1 1 C 14832000 14832000 2020 0 0 1 1 D 3383907 3631400 3631400 2020 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1599682 2020-09-10 1700000 AFFORDABLE HOUSING 0 0 0 B SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1595956 2020-07-29 18700000 AFFORDABLE HOUSING 0 0 0 C SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1595956 2020-07-29 1500000 AFFORDABLE HOUSING 0 0 0 D SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1595956 2020-07-29 1200000 AFFORDABLE HOUSING 0 0 0 A 1700000 1700000 2020 0 0 1 1 B 18700000 18700000 2020 0 0 1 1 C 1500000 1500000 2020 0 0 1 1 D 1200000 1200000 2020 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS AND ECONOMIC DEV AUTH 570960018 CT1595956 2020-07-29 1500000 AFFORDABLE HOUSING 0 0 0 A 1500000 1500000 2020 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION FOR AFFORDABLE HOUSING'S PROCESS TO REVIEW -THE FORM 990 IS AVAILABLE UPON REQUEST BY CONTACTING, FOUNDATION FOR AFFORDABLE HOUSING AT 11640 ARBOR STREET, SUITE 201, OMAHA, NEBRASKA 68144. THE FOUNDATION FOR AFFORDABLE HOUSING PROVIDES THE RETURN TO THE BOARD OF DIRECTORS AND MANAGEMENT FOR REVIEW AND AUTHORIZATION. FORM 990, PART VI, SECTION B, LINE 12C ANY CONFLICTS OF INTEREST BROUGHT TO THE ATTENTION OF MANAGEMENT ARE REVIEWED TO SEE IF A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - ALL INFORMATION IS AVAILABLE UPON REQUEST BY CONTACTING FOUNDATION FOR AFFORDABLE HOUSING, 11640 ARBOR STREET, SUITE 201, OMAHA, NEBRASKA 68144. 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