2020-10-29T13:20:20-05:00 2019-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2019-01-01 330998489 WESLEY ASI OF NORTHERN VIRGINIA WESL 7036423830 5515 CHEROKEE AVENUE NO 204 ALEXANDRIA VA 22312 SHELLEY MURPHY SECRETARY 7036423830 2020-10-28 1 DAMIEN NICKLE CPA P00802786 4107834900 209.59.242.36 2020-10-28 11:09:20 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F9BA0E82A6D947CC92540FBC56E8B73643681DA5 2019 2021-01-29 14:40:06Z SHELLEY MURPHY 5515 CHEROKEE AVENUE NO 204 ALEXANDRIA VA 22312 236855 0 X N/A X 2002 VA PROVIDE LOW-INCOME HOUSING AND SERVICES TO HANDICAPPED PEOPLE LIVING IN 22 UNITS. 5 4 0 7 0 0 0 0 223644 236848 424 7 0 0 224068 236855 0 0 0 0 78165 85516 0 0 0 177792 216833 255957 302349 -31889 -65494 2303550 2249359 2990529 3001832 -686979 -752473 TO PROVIDE LOW INCOME HOUSING AND SERVICES FOR PERSONS WITH DISABILITIES IN A 22 UNIT FACILITY. 0 0 266204 236848 PROVIDES 22 UNITS OF LOW-INCOME HOUSING AND SERVICES TO PERSONS WITH DISABILITIES 266204 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 VA X WESLEY HOUSING DEVELOPMENT CORPORATION 7036423830 5515 CHEROKEE AVE SUITE 204 ALEXANDRIA VA 22312 SHELLEY MURPHY ASSISTANT SECRETARY 40.00 X X 0 217559 21531 KAREN W BROWN MED CRC SECRETARY/ TREASURER 0.20 X X 0 0 0 MICHAEL GRAFF JR PRESIDENT 0.20 X X 0 0 0 CLISHIA L TAYLOR BOARD MEMBER 0.20 X 0 0 0 DARRYL L LEEDOM BOARD MEMBER 0.20 X 0 0 0 0 217559 21531 0 0 1 0 0 RENTAL ASSISTANCE PAYM 531110 174372 174372 RENTAL INCOME 531110 60345 60345 LAUNDRY & VENDING 531110 1955 1955 TENANT CHARGES 531110 176 176 236848 7 7 236855 236848 0 7 X 72482 72482 7160 7160 5874 5874 23707 23707 2079 2079 11975 11975 136 136 8201 8201 80416 80416 792 792 58207 58207 463 463 OTHER EXPENSES 24117 24117 FINANCIAL EXPENSES 5307 5307 TAXES, LICENSES & PERMI 1147 1147 OTHER RENTING EXPENSES 286 286 302349 266204 36145 0 19526 31969 159287 147324 1603 5 2948788 883917 2118293 2064871 4841 5190 2303550 2249359 9543 3124 1609 235 4423 4738 2534800 2534800 440154 458935 2990529 3001832 X -686979 -752473 -686979 -752473 2303550 2249359 -65494 0 X X 0 1 X 1 1 1 X 219782 226452 225566 223644 236848 1132292 219782 226452 225566 223644 236848 1132292 0 100326 7840 6552 114718 100326 7840 6552 114718 1017574 528 406 455 424 7 1820 528 406 455 424 7 1820 220310 226858 226021 224068 236855 1134112 0.89720 0.82820 0.00160 0.00220 X 0 1 X 525000 525000 2320801 785687 1535114 102987 98230 4757 2064871 DUE TO WHDC 435368 RESIDUAL RECEIPTS LIABILITY 23567 458935 X 236855 0 236855 0 236855 302349 0 302349 0 302349 PART IV, LINE 2B: THE AMOUNT OF $5,190, AS OF DECEMBER 31, 2019, ON THE STATEMENT OF FINANCIAL POSITION, REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH SHOULD BE AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT 4% BELOW THE FEDERAL RESERVE BOARD DISCOUNT RATE AS OF JANUARY 1 OF EACH YEAR. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEAR ENDED DECEMBER 31, 2019. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION WILL BE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2016 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 SHELLEY MURPHY ASSISTANT SECRETARY 0 217559 0 0 0 0 0 8702 0 12829 0 239090 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS OBLIGATED UNDER THE TERMS OF A MANAGEMENT AGREEMENT WITH WESLEY PROPERTY MANAGEMENT COMPANY, LLC (WPMC), AN AFFILIATE ORGANIZATION. UNDER THE TERMS OF THE AGREEMENT, THE CORPORATION WILL PAY A FEE TOTALING 10% OF GROSS RENTAL COLLECTIONS TO WPMC FOR PROPERTY MANAGEMENT SERVICES. THE CALCULATED FEE IS PAID ON A MONTHLY BASIS. DURING THE YEAR ENDED DECEMBER 31, 2019, PROPERTY MANAGEMENT FEES TOTALING $23,707 WERE CHARGED TO OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED BY A MAJORITY VOTE OF THE MEMBERS. ALL DIRECTORS MUST BE MEMBERS OR DIRECTORS OF WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA (WHDC) AND ACCESSIBLE SPACE, INC. IN ACCORDANCE WITH THE ARTICLES OF INCORPORATION ARTICLE IV AND BYLAWS ARTICLE II 2.2. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT TAX RETURN IS SENT TO THE GOVERNING BODY (BOARD OF DIRECTORS). THE BOARD OF DIRECTORS REVIEWS THE RETURN AND RESOLVES ANY QUESTIONS. THE BOARD OF DIRECTORS SENDS APPROVAL TO THE TAX PREPARER TO FINALIZE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHICH IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: UTILITIES $24,334 REPAIRS & MAINTENANCE $42,160 REAL ESTATE TAXES $8,916 PROPERTY & LIABILITY INSURANCE $5,006 TOTAL OCCUPANCY EXPENSE $80,416 ACT V INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541527218 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 162 UNITS VA 501(C)(3) LINE 10 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 CIRCLE PROPERTIES INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541149593 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 74 UNITS VA 501(C)(4) WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 PERRY S HALL INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541358850 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 62 UNITS VA 501(C)(3) LINE 10 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 SEVEN CORNERS APARTMENTS INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541246483 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA 501(C)(4) WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 WESLEY AGAPE HOUSE INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541667617 HOUSING AND SERVICES FOR PERSONS WITH HIV AND AIDS - 12 UNITS VA 501(C)(3) LINE 10 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 510155779 PROVIDES SERVICES IN ASSISTING THE DEVELOPMENT OF AFFORDABLE HOUSING VA 501(C)(3) LINE 7 N/A 0 WESLEY RYDELL HOUSING CORPORATION 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 205289427 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 98 UNITS VA 501(C)(3) LINE 10 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 WILLIAM WATTERS INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541414755 HOUSING AND SERVICES FOR PERSONS WITH DISABILITIES - 22 UNITS VA 501(C)(3) LINE 12A, I WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 ANCHOR PRESERVATION MANAGER 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 352637696 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A CG1 RESTORATION LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 812653170 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A NEW WEXFORD BOND LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 810786854 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A NEW WEXFORD LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 474198056 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY BROOKLAND LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 814118545 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY COLONIAL VILLAGE II LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 271247402 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY COPPERMINE LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 542042022 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY HAMEL LEWINSVILLE LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 471959598 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY KNIGHTSBRIDGE LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 651207044 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY LYNWATTERS LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 542323392 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY NOTABENE LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 202552331 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY PARCVIEW LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 205528855 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY STRAWBRIDGE LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 263133729 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY TRENTON LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 202843532 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY WHITEFIELD LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 651207051 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A ACT INC 5517 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541616313 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 CG1 JOINT VENTURE GP LLC 5518 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 812627585 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 KA DEVELOPMENT COMPANY 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 412124751 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 NEW WEXFORD BOND MANAGING MEMBER LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 810781257 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 NEW WEXFORD MANAGING MEMBER LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 474212687 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 TRENTON STREET INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 202843852 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY 18TH STREET LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 271247363 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY BEVERLY INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 263311388 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY COMMONWEALTH LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 473618894 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY COPPERMINE INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 542025850 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY HOLMES RUN INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 205528728 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY LINCOLN INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 263133685 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY LV GP LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 473238064 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY LYNHAVEN HOUSING CORPORATION 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 481270045 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY PQ LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 474324244 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WESLEY TA BROOKLAND MM LLC 5516 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 823196015 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 WHITEFIELD COMMONS INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 521367144 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA E 435368 ACCRUAL WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA M 23707 ACCRUAL WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA E 669000 ACCRUAL