2019-11-07T13:41:48-06:00 2018-12-31 042571780 ALEXANDER ARONSON FINNING & CO 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-01-01 043172401 THE HOUSING PARTNERSHIP NETWORK INC HOUS 6177201999 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 THOMAS BLEDSOE PRESIDENT 6177201999 2019-11-06 1 THOMAS WASHBURN CPA P00537319 5083669100 2019-11-06 40.70.31.102 2019-11-06 10:55:21 ES P EB50F006EDAED14DFCBC7281F3A284C13E958DBA E5E10DB362A14A01DB0DA430DA7AA5B243C0C50A 2018 2020-03-31 21:24:44Z THOMAS BLEDSOE 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 16766937 0 X HOUSINGPARTNERSHIP.NET X 1992 MA THE HOUSING PARTNERSHIP NETWORK, INC.'S (HPN) MISSION IS TO BUILD AFFORDABLE HOMES, BETTER FUTURES, AND VIBRANT COMMUNITIES FOR LOW AND MODERATE INCOME PEOPLE THROUGH PARTNERSHIPS WITH ITS MEMBER ORGANIZATIONS AND BUSINESSES, GOVERNMENT AND PHILANTHROPIC INSTITUTIONS. 20 19 81 20 0 12614 6825749 5439503 10113769 11178419 13272 32330 177616 116685 17130406 16766937 1310446 806268 0 0 7111898 8481312 0 0 251166 3210405 4964299 11632749 14251879 5497657 2515058 23148761 34121688 8715347 17173216 14433414 16948472 TO BUILD AFFORDABLE HOMES, BETTER FUTURES AND VIBRANT COMMUNITIES FOR LOW AND MODERATE INCOME PEOPLE THROUGH PARTNERSHIPS WITH OUR MEMBER ORGANIZATIONS, THE BUSINESS SECTOR, GOVERNMENT, AND PHILANTHROPIC INSTITUTIONS. 0 0 11258722 806268 11178419 TO SUPPORT AND ADVOCATE COMMUNITY BASED EFFORTS FOR THE EXPANSION OF AFFORDABLE HOUSING OPPORTUNITIES AND THE REVITALIZATION OF COMMUNITIES. 11258722 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 42 0 1 81 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA MN DC NY X ERIC CHATMAN 6177201999 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 ALAN ARTHUR DIRECTOR 1.00 X 0 0 0 CHRIS PERSONS DIRECTOR 1.00 X 0 0 0 CYNTHIA A PARKER DIRECTOR 1.00 X 0 0 0 DAVID ADAME DIRECTOR 1.00 X 0 0 0 DEIRDRE SCHMIDT DIRECTOR 1.00 X 0 0 0 ELLIS CARR TREASURER 1.00 X X 0 0 0 GILBERT M PIETTE DIRECTOR 1.00 2.00 X 0 0 0 JOAN CARTY DIRECTOR 1.00 X 0 0 0 JOHN O'CALLAGHAN DIRECTOR 1.00 X 0 0 0 KATE MONTER-DURBAN DIRECTOR 1.00 X 0 0 0 KATHY LABORDE DIRECTOR 1.00 2.00 X 0 0 0 KRISTIN FAUST DIRECTOR 1.00 X 0 0 0 LAWRENCE SWANSON DIRECTOR 1.00 X 0 0 0 MATT FRANKLIN VICE CHAIRMAN 1.00 2.00 X X 0 0 0 MICHAEL PITCHFORD DIRECTOR 1.00 X 0 0 0 PATRICIA BELDEN DIRECTOR 1.00 X 0 0 0 ROBIN HUGHES CHAIRWOMAN 1.00 X X 0 0 0 THOMAS BLEDSOE PRESIDENT AND CEO 40.00 2.00 X X 439093 0 55362 LINDA MANDOLINI DIRECTOR 1.00 X 0 0 0 ALFREDO DE LA PENA DIRECTOR 1.00 X 0 0 0 REBECCA REGAN EVP, PRESIDENT OF CAPITAL 40.00 X 298236 0 47986 MARK LEDERHOS SVP BUSINESS DEV & EXECUTI 40.00 X 214500 0 29041 ERIC CHATMAN CHIEF FINANCIAL OFFICER 40.00 X 294446 0 23283 CHARLES WEHRWEIN CLERK, CHIEF OPERATING OFFICER 40.00 X 298236 0 54149 VIRGINIA MARA DIRECTOR OF PORTFOLIO MGMT 40.00 X 122175 0 29162 CATHERINE RODRIGUEZ PRESIDENT OF HPF 40.00 X 169554 0 37156 1836240 0 276139 29 0 1 0 KROKIDAS & BLUESTEIN LLP 600 ATLANTIC AVENUE BOSTON MA 02210 LEGAL 225035 CONE COMMUNICATIONS LLC 290 CONGRESS ST BOSTON MA 02210 MARKETING 179388 LAUNCHPAD LAB LLC 220 W HURON ST 2001 CHICAGO IL 60654 WEB DEVELOPMENT 173400 TIDELINE ADVISORS LLC 915 BATTERY STREET SAN FRANCISCO CA 94111 CONSULTING 146000 TRESTLE HEALTH AND HOUSING LLC 35 SPRINGBROOK ROAD MORRISTOWN NJ 07960 CONSULTING 125000 5 854660 395404 4189439 5439503 SHARE OF INCOME FROM A 531390 4982863 4982863 MANAGEMENT FEES 531390 4632678 4632678 PROGRAM SERVICE FEES 531390 1334790 1334790 INTEREST ON LOANS 531390 197064 197064 LOAN FEES 531390 31024 31024 11178419 32330 32330 MISCELLANEOUS REVENUE 531390 116685 116685 116685 16766937 11178419 0 149015 X 806268 806268 1754332 932633 772841 48858 5305516 4468179 703989 133348 455054 360342 83765 10947 514597 392383 110169 12045 451813 334649 105910 11254 259653 134892 124761 28624 28624 1797889 1460826 334874 2189 126314 43136 83053 125 703659 703659 465459 353319 99808 12332 302445 249349 39840 13256 485458 468726 14326 2406 287294 287294 75938 53468 20932 1538 69392 63220 5578 594 STAFF DEVELOMENT 116468 41013 75455 OTHER EXPENSES 99252 21060 78192 COMMUNICATIONS 72299 18671 53128 500 LOAN LOSS PROVISION 44773 44773 29382 20862 6746 1774 14251879 11258722 2741991 251166 3384710 1651603 1709877 6833473 2038224 1032442 2958575 4732230 144210 251673 635842 556111 149253 79731 12763912 18542080 0 998456 23148761 34121688 1455533 1627358 318019 85444 12685 187687 6772727 15272727 156383 0 8715347 17173216 X 9820288 12856978 4613126 4091494 14433414 16948472 23148761 34121688 2515058 0 X X 0 1 X 1 1 1 X 7821035 4311510 5137586 6825749 5439503 29535383 7821035 4311510 5137586 6825749 5439503 29535383 10647178 18888205 10296 11258 9820 13273 32330 76977 33862 73550 285246 177616 116685 686959 30299319 0.62340 0.66960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: VARIOUS MISCELLANEOUS RECEIPTS - 2014 AMOUNT: $ 33,862. 2015 AMOUNT: $ 73,550. 2016 AMOUNT: $ 285,246. 2017 AMOUNT: $ 177,616. 2018 AMOUNT: $ 116,685. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 20752 0 0 20752 0 PART II-B, LINE 1: THE HOUSING PARTNERSHIP NETWORK, INC. HAS A STAFF MEMBER THAT LOBBIES IN SUPPORT OF OUR EFFORTS TO CREATE A MORE ENTREPRENEURIAL AND SUSTAINABLE AFFORDABLE HOUSING SECTOR THAT MORE EFFECTIVELY AND EFFICIENTLY USES SCARCE PUBLIC DOLLARS. 209933 167565 42368 425909 388546 37363 79731 INVESTMENT IN AFFILIATE 7741798 C LOANS RECEIVABLE 10800282 C 18542080 X PART X, LINE 2: HPN ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. HPN HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT DECEMBER 31, 2018. HPN'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 ACTION HOUSING INC 611 WILLIAM PENN PLACE PITTSBURGH PA 15219 250965469 501(C)3 15182 HOUSING COUNSELING, FORECLOSURE PROGRAM AVESTA HOUSING NEIGHBORWORKS HOC 307 CUMBERLAND AVENUE PORTLAND ME 04101 010315296 501(C)3 10200 HOUSING COUNSELING, FORECLOSURE PROGRAM CDC UTAH 501 EAST 1700 STREET SALT LAKE CITY UT 84105 870476889 501(C)3 14952 HOUSING COUNSELING, FORECLOSURE PROGRAM CHAMPLAIN HOUSING TRUST 88 KING STREET BURLINGTON VT 05401 222536446 501(C)3 14400 HOUSING COUNSELING, FORECLOSURE PROGRAM CLEVELAND HOUSING NETWORK 2999 PAYNE AVENUE SUITE 306 CLEVELAND OH 44114 341346763 501(C)3 67620 HOUSING COUNSELING, FORECLOSURE PROGRAM COLUMBUS HOUSING PARTNERSHIP 3443 AGLER RD COLUMBUS OH 42319 311208260 501(C)3 58185 HOUSING COUNSELING, FORECLOSURE PROGRAM COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE 901 E LEVEE ST BROWNSVILLE TX 78520 870476889 501(C)3 116097 HOUSING COUNSELING, FORECLOSURE PROGRAM COMMUNITY HOUSING PARTNERS 448 DEPOT STREET NE CHRISTIANSBURG VA 24073 541023025 501(C)3 5400 HOUSING COUNSELING, FORECLOSURE PROGRAM COVENANT COMMUNITY CAPITAL CORPORATION 3300 LYONS HOUSTON TX 77020 760573676 501(C)3 2897 HOUSING COUNSELING, FORECLOSURE PROGRAM HOUSING ASSISTANCE CORPORATION 460 WEST MAIN STREET HYANNIS MA 02601 237431255 501(C)3 21011 HOUSING COUNSELING, FORECLOSURE PROGRAM HOUSING CHANNEL 4200 SOUTH FREEWAY TOWER SUITE 307 FORT WORTH TX 76115 752399903 501(C)3 17719 HOUSING COUNSELING, FORECLOSURE PROGRAM HOUSING DEVELOPMENT FUND INC 100 PROSPECT STREET STAMFORD CT 06901 061276156 501(C)3 8328 HOUSING COUNSELING, FORECLOSURE PROGRAM HOUSING PARTNERSHIP INC 1512 CRUMS LN LOUISVILLE KY 40216 611154315 501(C)3 25295 HOUSING COUNSELING, FORECLOSURE PROGRAM INDIANAPOLIS NEIGHBORHOOD HSG PARTNERSHIP 3550 NORTH WASHINGTON BLVD INDIANAPOLIS IN 46205 351742559 501(C)3 38317 HOUSING COUNSELING, FORECLOSURE PROGRAM LONG ISLAND HOUSING PARTNERSHIP 180 OSER AVENUE HAUPPAUGE NY 11788 112889068 501(C)3 5700 HOUSING COUNSELING, FORECLOSURE PROGRAM METRO COMMUNITY DEVELOPMENT 503 S SAGINAW FLINT MI 48502 383072010 501(C)3 45411 HOUSING COUNSELING, FORECLOSURE PROGRAM NEIGHBORWORKS AMERICA 999 NORTH CAPITAL ST NE WASHINGTON DC 20002 521148078 501(C)3 191 HOUSING COUNSELING, FORECLOSURE PROGRAM NHS OF NEW YORK CITY 307 WEST 36TH ST NEW YORK NY 10018 133098397 501(C)3 57611 HOUSING COUNSELING, FORECLOSURE PROGRAM SOUTHWEST MINNESOTA HOUSING PARTNERSHIP 2401 BROADWAY AVENUE SLAYTON MN 56172 411721815 501(C)3 23451 HOUSING COUNSELING, FORECLOSURE PROGRAM ST AMBROSE HOUSING AID CENTER 321 EAST 25TH STREET BALTIMORE MD 21218 521729460 501(C)3 26474 HOUSING COUNSELING, FORECLOSURE PROGRAM WAYFINDERS 322 MAIN STREET SPRINGFIELD MA 01105 042518368 501(C)3 40227 HOUSING COUNSELING, FORECLOSURE PROGRAM HPN SELECT LLC 1 WASHINGTON MALL FL12 BOSTON MA 02128 475418258 191600 SUSTAINABLE, GREEN BUILDING INITIATIVE PART I, LINE 2: HPN ONLY MAKES GRANTS TO QUALIFIED ORGANIZATIONS THAT MEET THE CRITERIA OF SPECIAL CONTRACT AND GRANT PASS-THROUGHS OF HPN. THE ACCOUNTING DEPARTMENT AND PROGRAM MANAGERS MONITOR ALL GRANT ACTIVITY. X X X 0 0 0 0 0 0 0 0 0 THOMAS BLEDSOE PRESIDENT AND CEO 383245 0 55848 0 0 0 30205 0 25157 0 494455 0 0 0 REBECCA REGAN EVP, PRESIDENT OF CAPITAL 250640 0 47596 0 0 0 23162 0 24824 0 346222 0 0 0 MARK LEDERHOS SVP BUSINESS DEV & EXECUTI 195000 0 19500 0 0 0 16485 0 12556 0 243541 0 0 0 ERIC CHATMAN CHIEF FINANCIAL OFFICER 240000 0 54446 0 0 0 23283 0 0 0 317729 0 0 0 CHARLES WEHRWEIN CLERK, CHIEF OPERATING OFFICER 250640 0 47596 0 0 0 22413 0 31736 0 352385 0 0 0 VIRGINIA MARA DIRECTOR OF PORTFOLIO MGMT 113439 0 8736 0 0 0 9110 0 20052 0 151337 0 0 0 CATHERINE RODRIGUEZ PRESIDENT OF HPF 153354 0 16200 0 0 0 13564 0 23592 0 206710 0 0 0 HOUSING PARTNERSHIP INSURANCE EXCHANGE (HPIEX) HPN HOLDS ONE SEAT ON THE BOARD OF HPIEX 865000 HPN HOLDS ONE SEAT ON THE BOARD OF DIRECTORS OF HPIEX. HPN HAS AN AGREEMENT WITH HPIEX TO PROVIDE MANAGEMENT SERVICES. 0 HOUSING PARTNERSHIP EQUITY TRUST (HPET) HPN HOLDS ONE SEAT ON THE BOARD OF HPET 105841 HPN IS THE GENERAL MANAGER UNDER MANAGEMENT CONTRACT AND HOLDS ONE SEAT ON THE BOARD OF DIRECTORS OF HPET. HPN HAS AN AGREEMENT WITH HPET TO PROVIDE MANAGEMENT SERVICES. 0 HPN SELECT LLC HPV WAS THE FOUNDER AND HOLDS 33% OF EQUITY INTERESTS IN HPN SELECT. 314795 HPV HOLDS 33% OF EQUITY INTERESTS IN HPN SELECT. HPN HAS AN AGREEMENT WITH HPN SELECT TO PROVIDE MANAGEMENT SERVICES. 0 FORM 990, PART VI, SECTION A, LINE 6 HPN SERVES AS A PEER NETWORK AND BUSINESS ALLIANCE FOR SOME OF THE NATIONS TOP-PERFORMING NONPROFIT HOUSING DEVELOPERS, OWNERS, LENDERS, AND HOUSING COUNSELORS. HPN HELPS THESE STRONG, ACCOMPLISHED ORGANIZATIONS INCREASE PRODUCTION AND IMPACT THROUGH A UNIQUE MEMBER-DRIVEN COOPERATIVE THAT SHARES KNOWLEDGE AND INNOVATION, POOLS RESOURCES TO ACCESS THE CAPITAL MARKETS MORE EFFICIENTLY, AND SHAPES POLICY THAT REFLECTS AND ENHANCES THEIR PRACTICE. FORM 990, PART VI, SECTION A, LINE 7A NONE OF THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW AND THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURES ARE USED AND IF ANY ISSUES ARISE THE BOARD IS NOTIFIED. IF ISSUES ARISE, THE BOARD MEMBER INVOLVED WILL RECUSE THEMSELVES FROM THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE QUATT STUDY: THIS IS A REVIEW OF THE OVERALL COMPETITIVENESS AND STRUCTURE OF THE HOUSING PARTNERSHIP NETWORK'S EXECUTIVE COMPENSATION PROGRAM. THE STUDY WAS COMPLETED IN 2015. IN ADDITION, THE BOARD OF DIRECTORS ASSESS COMPENSATION ANNUALLY TO ENSURE THE CEO AND OFFICERS' SALARIES ARE REASONABLE AND THE RESULTS OF THE QUATT STUDY REMAIN RELEVANT BASED ON CURRENT MARKET CONDITIONS. FORM 990, PART VI, SECTION C, LINE 19 BY MEANS OF THE INTERNET AND UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 43,919. MANAGEMENT AND GENERAL EXPENSES 18,532. FUNDRAISING EXPENSES 2,189. TOTAL EXPENSES 64,640. OTHER: PROGRAM SERVICE EXPENSES 203,000. MANAGEMENT AND GENERAL EXPENSES 101,442. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 304,442. CONSULTING: PROGRAM SERVICE EXPENSES 1,213,907. MANAGEMENT AND GENERAL EXPENSES 214,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,428,807. FORM 990, PART XII, LINE 2C HPN DID NOT CHANGE ITS FINANCIAL OVERSIGHT PROCESS AS OF DECEMBER 31, 2018. THE HOUSING PARTNERSHIP FUND INC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 043484336 FINANCING & LENDING MA 501(C)(3) 10 HOUSING PARTNERSHIP NETWORK 1 THE HOUSING PARTNERSHIP VENTURES INC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 200809596 LOAN & OTHER FUNDING ALTERNATIVES MA 501(C)(3) 12A HOUSING PARTNERSHIP NETWORK 1 HPN NMTC I LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 814642909 PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES DE THE HOUSING PARTNERSHIP NETWORK INC RELATED 5 1493 0 1 0.00010 HPN NMTC II LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 814653999 PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES DE THE HOUSING PARTNERSHIP NETWORK INC RELATED 5 1494 0 1 0.00010 HPN NMTC III LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 814669662 PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES DE THE HOUSING PARTNERSHIP NETWORK INC RELATED 2 998 0 1 0.00010 HPN NMTC IV LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 814685894 PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES DE THE HOUSING PARTNERSHIP NETWORK INC RELATED 3 2999 0 1 0.00010 FRAMEWORK HOMEOWNERSHIP LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 040888356 ONLINE HOMEOWNERSHIP COUNSELING AND EDUCATION DE RELATED 4507540 5699442 0 0 0.50000 HPN SELECT LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 475418258 GROUP BUYING COOPERATIVE MA THE HOUSING PARTNERSHIP VENTURES INC C 613881 733147 0.33330 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 THE HOUSING PARTNERSHIP FUND INC D 5322441 FAIR VALUE HPN NMTC III LLC R 250000 FAIR VALUE HPN NMTC IV LLC R 750000 FAIR VALUE THE HOUSING PARTNERSHIP VENTURES INC D 250000 FAIR VALUE THE HOUSING PARTNERSHIP FUND INC L 482936 FAIR VALUE