2019-09-10T17:06:58-05:00 2018-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2018-01-01 453690894 ORCHARD PLACE NONPROFIT HOUSING CORP ORCH 3126026500 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 HIPOLITO ROLDAN PRESIDENT 3126026500 2019-09-03 1 KIMBERLY A HAUMANN P00546491 3122071040 2019-08-20 67.59.56.30 2019-09-03 10:27:29 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 23D9C3BAD3C11415BCA5E3AEE50D281DF37E870F 2018 2019-02-21 02:37:17Z HIPOLITO ROLDAN 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 1314881 0 X N/A X 2011 MI TO PROVIDE SAFE, DECENT AND SANITARY RENTAL HOUSING FOR LOW AND MODERATE INCOME TENANTS. 3 2 0 2 0 0 0 0 1239923 1302540 120 264 23739 12077 1263782 1314881 0 0 0 0 233044 198675 0 0 0 1008634 886250 1241678 1084925 22104 229956 5619463 5756652 5295527 5202760 323936 553892 TO PROVIDE SAFE, DECENT AND SANITARY RENTAL HOUSING FOR LOW AND MODERATE INCOME TENANTS. 0 0 981646 1314617 THE CORPORATION OPERATES AN APARTMENT COMPLEX LOCATED IN GRAND RAPIDS, MICHIGAN AND OCCUPIED BY LOW INCOME TENANTS. 150 FAMILIES WERE SERVED IN 2018. THE SPONSOR OF THIS PROJECT IS HISPANIC HOUSING DEVELOPMENT CORPORATION, WHICH IS AN EXEMPT ORGANIZATION. 981646 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 0 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X LAURA L SELBY 3126026500 325 N WELLS 8TH FLOOR CHICAGO IL 60654 HIPOLITO ROLDAN PRESIDENT 0.20 39.80 X X 0 2147277 61088 SOL FLORES SECRETARY/TREASURER 0.20 2.00 X X 0 0 0 HANK MENDOZA DIRECTOR 0.20 2.80 X 0 0 0 LAURA SELBY COO/CFO 0.20 39.80 X 0 244874 51751 PAUL MITTLEMAN VP ACQUISITIONS AND ASSET MANAGEMENT 0.20 39.80 X 0 192873 38850 DILIA SAEEDI VP PROPERTY MANAGEMENT 0.20 39.80 X 0 156815 0 MARK KRUSE VP REAL ESTATE DEVELOPMENT 0.20 39.80 X 0 104832 65988 MARITZA HERNANDEZ CONTROLLER 0.20 39.80 X 0 129769 34015 ANNETTE ZELMAN DIRECTOR OF PROPERTY MANAGEMENT 0.20 39.80 X 0 122773 32946 MARY REYES HR MANAGER 0.20 39.80 X 0 106364 26434 0 3205577 311072 0 0 1 0 0 RENTAL INCOME 531110 1294440 1294440 LATE FEES 900099 8100 8100 1302540 264 264 MISCELLANEOUS REVENUE 900099 12077 12077 12077 1314881 1314617 0 264 144588 144588 41536 41536 12551 12551 66068 66068 11119 11119 10202 10202 7120 7120 41291 25401 15890 285530 285530 230771 230771 165746 165746 58406 58406 BAD DEBT 7508 7508 BANK CHARGES 2489 2489 1084925 981646 103279 0 95146 201929 146709 139436 2124 2071 5977014 948686 5046715 5028328 328769 384888 5619463 5756652 80016 63929 5006439 4922462 209072 216369 5295527 5202760 X 323936 553892 323936 553892 5619463 5756652 229956 0 X 0 1 X 1 0 X 1178066 1213082 1221693 1239923 1302540 6155304 1178066 1213082 1221693 1239923 1302540 6155304 0 0 0 6155304 10 68 120 264 462 10 68 120 264 462 31681 35088 25780 23739 12077 128365 1209747 1248180 1247541 1263782 1314881 6284131 0.97950 0.97850 0.00010 X 550000 550000 4950000 804375 4145625 278808 29159 249649 198206 115152 83054 5028328 REPLACEMENT RESERVES 286002 TENANT DEPOSITS 98886 384888 TENANT SECURITY DEPOSITS 88034 TENANT PREPAID RENTS 3335 DUE TO HHDC 125000 216369 1314881 0 1314881 0 1314881 1084925 0 1084925 0 1084925 0 1 0 0 0 0 0 0 0 HIPOLITO ROLDAN PRESIDENT 0 369140 0 88222 0 1689915 0 42500 0 18588 0 2208365 0 0 LAURA SELBY COO/CFO 0 200763 0 44111 0 0 0 36731 0 15020 0 296625 0 0 PAUL MITTLEMAN VP ACQUISITIONS AND ASSET MANAGEMENT 0 150373 0 42500 0 0 0 24013 0 14837 0 231723 0 0 DILIA SAEEDI VP PROPERTY MANAGEMENT 0 156815 0 0 0 0 0 0 0 0 0 156815 0 0 MARK KRUSE VP REAL ESTATE DEVELOPMENT 0 86910 0 17922 0 0 0 52485 0 13503 0 170820 0 0 MARITZA HERNANDEZ CONTROLLER 0 112092 0 17677 0 0 0 19465 0 14550 0 163784 0 0 ANNETTE ZELMAN DIRECTOR OF PROPERTY MANAGEMENT 0 109540 0 13233 0 0 0 18416 0 14530 0 155719 0 0 PART I, LINE 3 COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY A RELATED ORGANIZATION, HISPANIC HOUSING DEVELOPMENT CORPORATION (HHDC). HHDC USES THE FOLLOWING METHOD TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: APPROVAL BY THE BOARD. PART I, LINE 4B BOARD PRESIDENT, HIPOLITO ROLDAN, PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN OF A RELATED ORGANIZATION, HISPANIC HOUSING DEVELOPMENT CORPORATION. DURING 2018, MR. ROLDAN RECEIVED A DISTRIBUTION FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLAN OF $1,689,915. A CITY OF GRAND RAPIDS 2015-11-15 5296000 REFINANCE PRIOR MORTGAGE LOAN 0 0 0 A 286651 5296000 100956 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 1 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 HISPANIC HOUSING DEVELOPMENT CORPORATION IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A HISPANIC HOUSING DEVELOPMENT CORPORATION, THE SOLE MEMBER, HAS THE POWER TO ELECT THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B HISPANIC HOUSING DEVELOPMENT CORPORATION, THE SOLE MEMBER, MUST GRANT PRIOR APPROVAL TO ANY NEW DEVELOPMENT ACTIVITY PROPOSED TO BE ENGAGED BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ADDRESSED IN THE BUSINESS ETHICS PORTION OF THEIR HANDBOOK. IN 2018 THIS PORTION OF THE POLICY & PROCEDURES MANUAL WAS PART OF HHDC TRAINING FOR ALL ITS EMPLOYEES. ATTENDANCE WAS DOCUMENTED AND EMPLOYEES WERE ASKED TO SIGN A POLICY & PROCEDURES MANUAL RECEIPT ACKNOWLEDGEMENT FORM. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE (THE COMMITTEE) OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE ANNUAL REVIEW OF THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. ALL MEMBERS OF THE COMMITTEE ARE INDEPENDENT. IN DETERMINING THE COMPENSATION OF THE PRESIDENT, THE COMMITTEE EVALUATES HIS PERFORMANCE AGAINST PREVIOUSLY AGREED UPON CRITERIA, CONSIDERS COMPARABLE MARKET DATA, THEN DEBATES AND DOCUMENTS ITS RECOMMENDATION OF REASONABLE COMPENSATION. IN DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, THE SAME PROCEDURES ARE PERFORMED; HOWEVER, THE COMMITTEE CONSIDERS THE PRESIDENT'S EVALUATION OF THE STAFFS' PERFORMANCE. THE RECOMMENDATIONS ARE THEN TAKEN TO THE BOARD FOR FINAL REVIEW AND ACTION. FORM 990, PART VI, SECTION C, LINE 19 ORCHARD PLACE NFP HOUSING CORP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. SQUIRE VILLAGE PRESERVATION NFP 323 N WELLS ST 8TH FLOOR CHICAGO IL 60654 263384581 RENTAL REAL ESTATE IL 501(C)(3) LINE 10 HISPANIC HOUSING DEVELOPMENT CORPORATION 0 WALDEN OAKS APARTMENTS PRESERVATION 324 N WELLS ST 8TH FLOOR CHICAGO IL 60654 680594528 RENTAL REAL ESTATE IL 501(C)(3) LINE 10 HISPANIC HOUSING DEVELOPMENT CORPORATION 0 HUMBOLDT PARK ELDERLY HOUSING CORPORATION 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 363779004 RENTAL REAL ESTATE IL 501(C)(3) LINE 10 HISPANIC HOUSING DEVELOPMENT CORPORATION 0 SACRAMENTO ELDERLY CORPORATION 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 364008356 RENTAL REAL ESTATE IL 501(C)(3) LINE 10 HISPANIC HOUSING DEVELOPMENT CORPORATION 0 HISPANIC ELDERLY HOUSING CORPORATION 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 363188493 RENTAL REAL ESTATE IL 501(C)(3) LINE 10 HISPANIC HOUSING DEVELOPMENT CORPORATION 0 LOGAN SQUARE ELDERLY HOUSING CORPORATION 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 363359500 RENTAL REAL ESTATE IL 501(C)(3) LINE 10 HISPANIC 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HHDC MALLARD POINT LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 471511071 RENTAL REAL ESTATE IL N/A HHDC DAMEN COURT LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 471511396 RENTAL REAL ESTATE IL N/A AFFORDABLE COMMUNITY ENERGY I LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 800772267 ENERGY COMPANY IL N/A SACRAMENTO AND THOMAS LIMITED PARTNERSHIP 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 472359658 RENTAL REAL ESTATE IL N/A TROPIC CONSTRUCTION CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 369000015 RENTAL REAL ESTATE IL N/A C 0 AFFORDABLE COMMUNITY ENERGY INC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 453961412 ENERGY COMPANY IL N/A C 0 HOGAR DEVELOPMENT CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 363406906 RENTAL REAL ESTATE IL N/A C 0 HOGAR DEVELOPMENT CORPORATION II 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 363636018 RENTAL REAL ESTATE IL N/A C 0 HOGAR DEVELOPMENT CORPORATION III 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 363822590 RENTAL REAL ESTATE IL N/A C 0 HOGAR DEVELOPMENT CORPORATION IV 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 364009012 RENTAL REAL ESTATE IL N/A C 0 HISPANIC GATEWAY CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 364417560 RENTAL REAL ESTATE IL N/A C 0 PALMER SQUARE APARTMENTS NFP 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 202925228 RENTAL REAL ESTATE IL N/A C 0 PASEO BORICUA CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 320061064 RENTAL REAL ESTATE IL N/A C 0 CONTINENTAL PLAZA PRESERVATION NFP 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 203859744 RENTAL REAL ESTATE IL N/A C 0 NORTH AND TALMAN CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 203935126 RENTAL REAL ESTATE IL N/A C 0 BOULEVARD COURT APARTMENTS CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 264147552 RENTAL REAL ESTATE IL N/A C 0 NORTH AND TALMAN III CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 453265243 RENTAL REAL ESTATE IL N/A C 0 NORTH AND PULASKI ELDERLY CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 273722253 RENTAL REAL ESTATE IL N/A C 0 CICERO AND GEORGE ELDERLY CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 451618692 RENTAL REAL ESTATE IL N/A C 0 SACRAMENTO AND THOMAS CORPORATION 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 472359572 RENTAL REAL ESTATE IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 HISPANIC HOUSING DEVELOPMENT CORPORATION M 66068 COST