2018-11-13T15:35:27-06:00 2017-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2017-01-01 330998489 WESLEY ASI OF NORTHERN VIRGINIA WESL 7036423830 5515 CHEROKEE AVENUE NO 204 ALEXANDRIA VA 22312 SHELLEY MURPHY SECRETARY 7036423830 2018-11-09 1 DAMIEN NICKLE CPA P00802786 4107834900 209.3.217.20 2018-11-09 11:24:05 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C8F0F8457CE5502B3B3A8220502BD7E11BF8A217 2017 2019-02-21 02:37:17Z SHELLEY MURPHY 5515 CHEROKEE AVE SUITE 204 ALEXANDRIA VA 22312 226021 0 X N/A X 2002 VA PROVIDE LOW-INCOME HOUSING AND SERVICES TO HANDICAPPED PEOPLE LIVING IN 22 UNITS. 4 3 0 7 0 0 0 0 226452 225566 406 455 0 0 226858 226021 0 0 0 0 55469 79808 0 0 0 195108 187221 250577 267029 -23719 -41008 2412640 2342077 3026722 2997167 -614082 -655090 TO PROVIDE LOW INCOME HOUSING AND SERVICES FOR PERSONS WITH DISABILITIES IN A 22 UNIT FACILITY. 0 0 256429 225566 PROVIDES 22 UNITS OF LOW-INCOME HOUSING AND SERVICES TO PERSONS WITH DISABILITIES 256429 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 1 0 0 0 0 0 0 0 0 0 0 0 X 4 3 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 202227 20428 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 0 202227 20428 0 0 1 0 0 RENTAL ASSISTANCE PAYM 531110 164394 164394 RENTAL INCOME 531110 55858 55858 LAUNDARY & VENDING 531110 2427 2427 MISCELLANEOUS INCOME 531110 1462 1462 TENENT CHARGES 531110 1425 1425 225566 455 455 226021 225566 0 455 X 69250 69250 5072 5072 5486 5486 22245 22245 406 406 10600 10600 7232 7232 86869 86869 319 319 58179 58179 449 449 FINANCIAL EXPENSES 850 850 OTHER RENTING EXPENSES 72 72 267029 256429 10600 0 34329 16198 136763 143873 246 179 2944003 767531 2234651 2176472 6651 5355 2412640 2342077 7357 16504 2754 1104 5956 4605 2534800 2534800 475855 440154 3026722 2997167 X -614082 -655090 -614082 -655090 2412640 2342077 -41008 0 X X 0 1 X 1 1 1 X 204617 193463 219782 226452 225566 1069880 204617 193463 219782 226452 225566 1069880 0 60633 70435 100326 7840 239234 60633 70435 100326 7840 239234 830646 496 544 528 406 455 2429 496 544 528 406 455 2429 205113 194007 220310 226858 226021 1072309 0.77460 0.70620 0.00230 0.00190 X 0 1 X 525000 525000 2320801 669329 1651472 98202 98202 0 2176472 DUE TO WHDC 440154 440154 X 226021 0 226021 0 226021 267029 0 267029 0 267029 PART IV, LINE 2B: THE AMOUNT OF $5,355 ON THE ACCOMPANYING FORM 990, PART X, LINE 15 REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS 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 CURRENT 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, 2017. 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 2014 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 SHELLEY MURPHY ASSISTANT SECRETARY 0 202227 0 0 0 0 0 7711 0 12717 0 222655 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, 2017, PROPERTY MANAGEMENT FEES TOTALING $22,245 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 $25,560 REPAIRS & MAINTENANCE $46,679 REAL ESTATE TAXES $7,861 PROPERTY & LIABILITY INSURANCE $6,769 TOTAL OCCUPANCY EXPENSE $86,869 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 ACT INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541616313 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA 501(C)(4) WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 ACT V INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541527218 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES 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 VA 501(C)(3) LINE 10 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 SEVEN CORNERS APT 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 PEOPLE DISABLED AS A RESULT OF HIV - 12 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 LOW AND MODERATE INCOME FAMILIES - 74 UNITS VA 501(C)(3) LINE 12A, I WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 WESLEY RYDELL 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 WESLEY TRENTON LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 202843532 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A QUARRY STATION SENIORS APARTMENTS LP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541981050 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 KNIGHTSBRIDGE LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 651207044 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 WESLEY PARCVIEW LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 205528855 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 STRAWBRIDGE LIMITED PARTNERSHIP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 263133729 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 NEW WEXFORD LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 474198056 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 WESLEY LYNWATTERS LLC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 542323392 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES VA N/A WESLEY LEWINSVILLE LP 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA 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SUITE 204 ALEXANDRIA VA 22312 521367144 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 QUARRY STATION SENIORS APARTMENTS INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541981044 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 541177635 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 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 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 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 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 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 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 440154 ACCRUAL WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA M 22245 ACCRUAL