2020-06-04T05:25:10-05:00 2019-09-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-10-01 520939288 HOUSING ASSISTANCE COUNCIL HOUS 2028428600 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 DAVID LIPSETZ 2ND VICE PRESIDENT & CEO 2028428600 2020-06-03 1 AARON M FOX P01365820 2022274000 2020-05-21 144.121.95.190 2020-06-03 11:04:42 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 487A913A90A0A966B3CBA68539F8DA44DDDC3DB4 2018 2021-01-29 14:40:06Z DAVID LIPSETZ 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 13487328 0 X WWW.RURALHOME.ORG X 1971 DC TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES. 21 18 30 24 0 0 4456200 2959914 823008 800666 259006 358244 51725 75617 5589939 4194441 91357 595631 0 0 2672062 2867788 0 0 234183 2902993 3262202 5666412 6725621 -76473 -2531180 40532188 37780024 9495410 9145615 31036778 28634409 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) HELPS LOCAL PUBLIC, PRIVATE AND NONPROFIT ORGANIZATIONS BUILD AFFORDABLE HOMES IN RURAL AMERICA BY PROVIDING BELOW-MARKET FINANCING, TECHNICAL ASSISTANCE, RESEARCH, TRAINING AND INFORMATION SERVICES. 0 0 2602656 595631 162320 TRAINING AND TECHNICAL ASSISTANCE - 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. 2119007 638346 LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING. 1243043 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. 5964706 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 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 18 0 0 0 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 NO 606 WASHINGTON DC 20005 PETER CAREY CHAIR 1.00 0.10 X X 0 0 0 TOM MANNING-BEAVIN TREASURER 1.00 0.10 X X 0 0 0 LAURA BUXBAUM SECRETARY 1.00 0.10 X X 0 0 0 MARIA LUISA MERCADO PRESIDENT 1.00 X X 0 0 0 ANDRES SAAVEDRA VICE PRESIDENT 1.00 X X 0 0 0 DAVID LIPSETZ 2ND VICE PRESIDENT & CEO 40.00 0.10 X X 238201 0 14378 MOISES LOZA FORMER CEO - UNTIL 10/2017 0.00 0.00 X 164772 0 0 GIDEON ANDERS BOARD OF DIRECTOR 0.60 X 0 0 0 ANDY BIAS BOARD OF DIRECTOR 0.60 X 0 0 0 ROBERT CALVILLO 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 0.60 X 0 0 0 NINFA R GUTIERREZ BOARD OF DIRECTOR 0.60 0.10 X 0 0 0 ILENE JACOBS BOARD OF DIRECTOR 0.60 X 0 0 0 ARTURO LOPEZ BOARD OF DIRECTOR - UNTIL 11/2018 0.60 X 0 0 0 TWILA MARTIN-KEKAHBAH BOARD OF DIRECTOR 0.60 X 0 0 0 WILLIAM PICOTTE BOARD OF DIRECTOR 0.60 X 0 0 0 NAOMI WOODSON SCIPIO BOARD OF DIRECTOR 0.60 X 0 0 0 IRENE SIKELIANOS BOARD OF DIRECTOR 0.60 X 0 0 0 BENNIE THOMPSON BOARD OF DIRECTOR 0.60 X 0 0 0 DAZETTA THORNE BOARD OF DIRECTOR 0.60 0.10 X 0 0 0 LAURIETTE WEST-HOFF BOARD OF DIRECTOR - UNTIL 11/2018 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 PEGGY WRIGHT BOARD OF DIRECTOR - UNTIL 09/2019 0.60 0.10 X 0 0 0 KARIN KLUSMANN ASST. SEC./TREAS./FINANCE DIR. 40.00 0.10 X 133793 0 38531 TRAVIS GEORGE ASST. SEC./RESEARCH & INFO DIR. 40.00 X 135050 0 16730 671816 0 69639 4 1 1 0 CAPITOL HILTON 1001 16TH STREET NW WASHINGTON DC 20036 CONFERENCE SERVICES 273370 1 1721775 1238139 2959914 LOAN INTEREST INC. & SERV. FEES 900099 638346 638346 CONFERENCE REGISTRATION & SUPPORT 900099 162320 162320 800666 354834 354834 9296297 9292887 3410 3410 3410 BAD DEBT RECOVERY INCOME 900099 58193 58193 GAIN ON SUBSIDIARY 900099 16030 16030 OTHER INCOME 900099 1285 1285 109 109 75617 4194441 800666 0 433861 595631 595631 605171 461663 89782 53726 1672207 1517004 70297 84906 64271 58969 2213 3089 374138 331163 22106 20869 152001 132798 10120 9083 40955 37136 3083 736 94776 85938 7134 1704 20000 20000 11700 11700 525073 476111 39522 9440 326094 249544 58741 17809 68238 59021 6397 2820 452228 393599 32000 26629 155245 62341 92765 139 352149 352149 93704 89159 4545 10682 9295 753 634 70028 64467 3030 2531 UBIT EXPENSES 13735 13735 GRANT CONVERSION EXP. 617226 617226 LOAN LOSS RESERVE PROV. 305892 305892 REPAYMENTS TO HUD 61267 61267 43210 4333 38809 68 6725621 5964706 526732 234183 192952 140103 4249353 13241948 742445 1201879 116426 181347 10121067 13582622 9581 24237 497760 49074 453492 448686 24114372 8448448 457041 473071 75459 37683 40532188 37780024 344394 530716 9013 9200 7331889 6986553 1366855 1187932 443259 431214 9495410 9145615 X 3516211 2400081 14909731 13623492 12610836 12610836 31036778 28634409 40532188 37780024 -2531180 128811 0 X 0 1 X 1 1 1 X 9251725 5200416 4797501 4456200 2959914 26665756 9251725 5200416 4797501 4456200 2959914 26665756 26665756 335627 368764 261976 263454 354834 1584655 7315 6905 47456 75508 137184 28387595 4505819 0.93930 0.95060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2014 AMOUNT: $ 7,315. 2017 AMOUNT: $ 3,081. 2018 AMOUNT: $ 1,285. GAIN ON SUBSIDIARY - 2016 AMOUNT: $ 6,905. 2018 AMOUNT: $ 16,030. BED DEBT RECOVERY INCOME - 2017 AMOUNT: $ 44,375. 2018 AMOUNT: $ 58,193. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 6705621 6725621 486281 121570 0 0 486281 486281 729422 20000 20000 121570 121570 182355 407532 407532 90228 49074 41154 448686 DEFERRED RENT AND LEASE INCENTIVE 431214 431214 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 NEW FOUNDATION DEVELOPMENT INC 607 OOTHCALOOGA STREET CALHOUN GA 30701 462225077 501(C)(3) 54000 PROJECT DEVELOPMENT NORTHWEST REGIONAL HOUSING AUTHORITY 114 SISCO AVENUE HARRISON AR 72602 710548969 501(C)(3) 48000 PROJECT DEVELOPMENT CATHOLIC CHARITIES COMMUNITY SERVICES 4747 N 7TH AVENUE PHOENIX AZ 85013 860223999 501(C)(3) 30000 PROJECT DEVELOPMENT JERRY AMBROSE VETERAN'S COUNCIL PO BOX 4463 KINGMAN AZ 86402 461967830 501(C)(3) 30000 PROJECT DEVELOPMENT MAGNOLIA COMMUNITY DEVELOPMENT CORPORATION 5367 I-49 S SERVICE ROAD OPELOUSAS LA 70570 453733905 501(C)(3) 30000 PROJECT DEVELOPMENT WHITE MOUNTAIN APACHE HOUSING AUTHORITY PO BOX 1270 WHITERIVER AZ 85941 860194403 501(C)(3) 30000 PROJECT DEVELOPMENT MOUNTAIN TOP INC PO BOX 128 ALTAMONT TN 37301 620988352 501(C)(3) 29200 PROJECT DEVELOPMENT AYUDA INC 1325 BEVERLY ANN SAN ELIZARIO TX 79849 742696297 501(C)(3) 24000 PROJECT DEVELOPMENT BOGALUSA REBIRTH 305 AVENUE B SUITE 111 BOGALUSA LA 70427 260378968 501(C)(3) 24000 PROJECT DEVELOPMENT CENTRAL MISSISSIPPI HOUSING AND DEVELOPMENT CORPORATION 120 FAITH LANE CANTON MS 39046 621425691 501(C)(3) 24000 PROJECT DEVELOPMENT CREATIVE COMPASSION INC 20 PENNY LANE CROSSVILLE TN 38555 621425691 501(C)(3) 24000 PROJECT DEVELOPMENT CRYSTAL TOWER WOMEN'S & CHILDREN'S SHELTER 3601 SPENCER AVENUE SANDUSKY OH 44870 810827715 501(C)(3) 24000 PROJECT DEVELOPMENT GREENHOUSE MINISTRIES 309 S SPRING STREET MURFREESBORO TN 37130 621802432 501(C)(3) 24000 PROJECT DEVELOPMENT GUADELUPE ECONOMIC SERVICES CORPORATION 1502 ERSKINE STREET LUBBOCK TX 79403 751867465 501(C)(3) 24000 PROJECT DEVELOPMENT LAKOTA FUNDSSD NATIVE HOMEOWNERSHIP COALITION PO BOX 340 KYLE SD 57752 460421416 501(C)(3) 24000 PROJECT DEVELOPMENT MILFORD HOUSING DEVELOPMENT CORPORTATION 977 E MASTEN CIRCLE MILFORD DE 19966 510218904 501(C)(3) 24000 PROJECT DEVELOPMENT NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION 104 E ASH STREET SISSETON SD 57262 460350177 501(C)(3) 24000 PROJECT DEVELOPMENT TIERRA DEL SOL HOUSING CORPORATION 210 E IDAHO AVENUE LAS CRUCES NM 88005 850227016 501(C)(3) 24000 PROJECT DEVELOPMENT VETERANS AND COMMUNITY HOUSING COALITION 20 PROSPECT STREET SUITE 313 BALLSTON SPA NY 12020 112646839 501(C)(3) 24000 PROJECT DEVELOPMENT 19 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 0 0 0 0 0 0 0 0 0 DAVID LIPSETZ 2ND VICE PRESIDENT & CEO 238201 0 0 0 0 0 5077 0 9301 0 252579 0 0 0 MOISES LOZA FORMER CEO - UNTIL 10/2017 0 0 0 0 164772 0 0 0 0 0 164772 0 0 0 KARIN KLUSMANN ASST. SEC./TREAS./FINANCE DIR. 133793 0 0 0 0 0 7100 0 31431 0 172324 0 0 0 TRAVIS GEORGE ASST. SEC./RESEARCH & INFO DIR. 135050 0 0 0 0 0 6750 0 9980 0 151780 0 0 0 PART VII, SECTION A, LINE 1A: DURING THE YEAR ENDED DECEMBER 31, 2018, MOISES LOZA, FORMER CEO, RECEIVED $164,772 IN ACCRUED LEAVE PAYMENTS. GIDEON ANDERS BOARD MEMBER CAPITAL INVESTMENT IN LOAN FUND X 1016 1026 0 1 1 MARIA MERCADO PRESIDENT CAPITAL INVESTMENT IN LOAN FUND X 1171 1315 0 1 1 MOISES LOZA FORMER CEO CAPITAL INVESTMENT IN LOAN FUND X 6337 6859 0 1 1 9200 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 REGIONAL ANNUAL 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 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 REPORT 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