MOMENTUM HOUSING: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MOMENTUM HOUSING (EIN 47-0785685)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-09-10
- IRS object ID
- 201832539349300763
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-09-10T14:12:59-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 470700692 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERDANT ACCOUNTING PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12110 PORT GRACE BLVD STE 100 | AddressLine1Txt |
| City | LA VISTA | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 681283190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 470785685 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR AFFORDABLE HOUSING | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 4023011540 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 S 75TH STREET SUITE 227 | AddressLine1Txt |
| City | OMAHA | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68124 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK HIATT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4023011540 | PhoneNum |
| Signature | 2018-09-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHARISE ENGEL CPA | PreparerPersonNm |
| PTIN | P01677184 | PTIN |
| Phone | 4023301200 | PhoneNum |
| Preparation | 2018-09-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK HIATT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 S 75TH STREET SUITE 227 | AddressLine1Txt |
| City | OMAHA | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $39,594 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1995 | FormationYr |
| Activity Or Mission | THE FOUNDATION FOR AFFORDABLE HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTING, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $831,939 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $35,910 | CYProgramServiceRevenueAmt |
| PY Investment Income | $62,859 | PYInvestmentIncomeAmt |
| CY Investment Income | $7 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$2,773 | PYOtherRevenueAmt |
| CY Other Revenue | $3,677 | CYOtherRevenueAmt |
| PY Total Revenue | $892,025 | PYTotalRevenueAmt |
| CY Total Revenue | $39,594 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $87,815 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,921 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $771,051 | PYOtherExpensesAmt |
| CY Other Expenses | $430,195 | CYOtherExpensesAmt |
| PY Total Expenses | $858,866 | PYTotalExpensesAmt |
| CY Total Expenses | $433,116 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $33,159 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$393,522 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $780,161 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,489,347 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,033 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $31,949,254 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $771,128 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $540,093 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE FOUNDATION FOR AFFORDABLE HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTING, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $222,114 | ExpenseAmt |
| Revenue | $11,125 | RevenueAmt |
| Desc | A 100 UNIT APARTMENT COMPLEX PROJECT PROVIDED AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. THIS PROJECT WAS ACQUIRED IN DECEMBER 2017. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $188,385 | ExpenseAmt |
| Revenue | $24,785 | RevenueAmt |
| Desc | A 256 UNIT APARTMENT COMPLEX PROJECT PROVIDED AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. THE PROJECT WAS ACQUIRED IN DECEMBER 2017. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOUNDATION FOR AFFORDABLE HOUSING IS THE GENERAL PARTNER OF THE ENTITIES OWNING THE FOLLOWING PROPERTIES, ALL OF WHICH PROVIDED AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES: CROSS CREEK APARTMENTS IN BEAUFORT, SOUTH CAROLINA, 144 UNITS GREENS OF PINE GLEN IN DURHAM, NORTH CAROLINA, 168 UNITS WILLOW BEND APARTMENTS IN HILLIARD, OHIO, 92 UNITS POST WOODS APARTMENTS IN REYNOLDSBURG, OHIO, 180 UNITS CRESCENT VILLAGE IN CINCINNATI, OHIO, 90 UNITS ADDITIONAL INFORMATION ON THESE PROPERTIES IS LISTED ON SCHEDULE R. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $410,499 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK HIATT | PersonNm |
| Phone | 4023011540 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 S 75TH STREET SUITE 227 | AddressLine1Txt |
| City | OMAHA | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| DREW FITCH | ||||||
| VICE PRESIDE | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DAVE WILKINSON | ||||||
| DIRECTOR | 0.19 | Yes (X) | $0 | $0 | $0 | |
| STEVE COCKRELL | ||||||
| DIRECTOR | 0.19 | Yes (X) | $0 | $0 | $0 | |
| MARK HIATT | ||||||
| PRESIDENT | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENTAL INCOME | Desc |
| Business | 531110 | BusinessCd |
| Total Revenue Column | $35,910 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,910 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $35,910 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER INCOME | 531390 | $7,331 | $7,331 |
| K-1 CROSS CREEK LOSS | 531390 | -$3,654 | -$3,654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,677 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,594 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,917 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $3,677 | ExclusionAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,921 | TotalAmt |
| Management And General | $2,921 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,000 | TotalAmt |
| Program Services | $188,000 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,988 | TotalAmt |
| Management And General | $4,988 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,700 | TotalAmt |
| Program Services | $9,700 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,109 | TotalAmt |
| Management And General | $5,109 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,367 | TotalAmt |
| Program Services | $16,367 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,372 | TotalAmt |
| Management And General | $8,372 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| DEVELOPER FEES | $172,720 | $172,720 |
| DUE DILIGENCE COSTS | $18,634 | $18,634 |
| REAL ESTATE TAXES | $3,414 | $3,414 |
| DUES AND SUBSCRIPTIONS | $1,664 | $1,664 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,227 | TotalAmt |
| Management And General | $1,227 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,116 | TotalAmt |
| Program Services | $410,499 | ProgramServicesAmt |
| Management And General | $22,617 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,990 | BOYAmt |
| EOY | $4,198,414 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,380 | BOYAmt |
| EOY | $161,426 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $625,000 | BOYAmt |
| EOY | $625,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,791 | BOYAmt |
| EOY | $2,791 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $27,501,716 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $27,501,716 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $780,161 | BOYAmt |
| EOY | $32,489,347 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,033 | BOYAmt |
| EOY | $38,739 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $13,886 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $31,683,739 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $212,890 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,033 | BOYAmt |
| EOY | $31,949,254 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $771,128 | BOYAmt |
| EOY | $540,093 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $771,128 | BOYAmt |
| EOY | $540,093 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $780,161 | BOYAmt |
| EOY | $32,489,347 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$393,522 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $162,487 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $953,760 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,442,056 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $761,267 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,341,489 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $43,391 | CurrentTaxYearAmt |
| Total | $9,541,963 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $953,760 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,442,056 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $761,267 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,341,489 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $43,391 | CurrentTaxYearAmt |
| Total | $9,541,963 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $9,541,963 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $7 | CurrentTaxYearAmt |
| Total | $7 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $7 | CurrentTaxYearAmt |
| Total | $7 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $953,760 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,442,056 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $761,267 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,341,489 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $43,398 | CurrentTaxYearAmt |
| Total | $9,541,970 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 1.00000 | PublicSupportCY509Pct |
| Public Support PY509 | 1.00000 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,084,600 | InvestmentCostOrOtherBasisAmt |
| Book Value | $2,084,600 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $25,415,400 | InvestmentCostOrOtherBasisAmt |
| Book Value | $25,415,400 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,716 | InvestmentCostOrOtherBasisAmt |
| Book Value | $1,716 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,501,716 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| SECURITY DEPOSITS | $146,523 |
| OPERATING LINE OF CREDIT | $50,000 |
| ACCRUED INTEREST PAYABLE | $16,367 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $212,890 | TotalLiabilityAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 11B | ALL INFORMATION IS AVAILABLE UPON REQUEST BY CONTACTING: FOUNDATION FOR AFFORDABLE HOUSING, 1301 S. 75TH STREET, SUITE 227, OMAHA, NE 68124 FOUNDATION FOR AFFORDABLE HOUSING PROVIDES THE RETURN TO THE BOARD OF DIRECTORS AND MANAGEMENT FOR REVIEW AND AUTHORIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | ALL INFORMATION IS AVAILABLE UPON REQUEST BY CONTACTING: FOUNDATION FOR AFFORDABLE HOUSING, 1301 S. 75TH STREET, SUITE 227, OMAHA, NE 68124 |
| FORM 990, PART XI, LINE 9 | K-1 CROSS CREEK APT HLDGS LOSS TAX NOT BOOK 3,653 CASH CONTRIBUTION ROSEWOOD ACQUISITION 107,810 CASH CONTRIBUTION SOUTH POINTE ACQUISITION 64,910 BOOK/TAX DIFFERENCE RELATED TO PREPAID RENT -13,886 TOTAL 162,487 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROSS CREEK HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1004 FARNAM STREET | AddressLine1Txt |
| City | OMAHA | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900471551 | EIN |
| Primary Activities | TO PRT VII | PrimaryActivitiesTxt |
| Legal Domicile State | SC | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TO PRT VII | BusinessNameLine1Txt |
| Business Name Line2 | TO PART VII | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Share Of Total Income | -$3,654 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $94,021 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.01000 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Business Name Line2RelatedOrganizationName/BusinessNameLine2Txt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Share Of Total IncomeShareOfTotalIncomeAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASHLEY SQUARE COORPERATIVE | ||||||||||||||
| SOLD 2017 | 1004 FARNAM STREET | OMAHA | NE | 68102 | 264379076 | TO PRT VII | IA | N/A | C CORP | false | ||||
| FAH NORTH CAROLINA GP LLC | ||||||||||||||
| 1004 FARNAM STREET | OMAHA | NE | 68102 | 900914134 | TO PRT VII | NC | C CORP | Yes (true) | TO PRT VII | $583,700 | 1.00000 | |||
| FAH OHIO GP LLC | ||||||||||||||
| 1004 FARNAM STREET | OMAHA | NE | 68102 | 272586122 | TO PRT VII | OH | C CORP | Yes (true) | TO PRT VII | $671,311 | 1.00000 | $48,947 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | SCHEDULE R, PART III, IDENTIFICATION OF RELATED ORGANIZATION TAXABLE AS A PARTNERSHIP PART III, (A) NAME, ADDRESS AND EIN OF RELATED ORGANIZATION: CROSS CREEK APARTMENT HOLDINGS, LLC, 90-0471551, 1004 FARNAM STREET, OMAHA, NE 68102 PART III, (B) PRIMARY ACTIVITY: PROVIDE AFFORDABLE RENTAL HOUSING TO PERSONS WITH LOW TO MODERATE INCOME PART III, (D) DIRECT CONTROLLING ENTITY: FOUNDATION FOR AFFORDABLE HOUSING PART III, (E) PREDOMINANT INCOME: AFFORDABLE HOUSING RENTAL INCOME FROM PERSONS WITH LOW TO MODERATE INCOME SCHEDULE R, PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A CORPORATION OR TRUST PART IV, (A) NAME, ADDRESS AND EIN OF RELATED ORGANIZATION (1) ASHLEY SQUARE COOPERATIVE, SOLD IN 2017, 26-4379076, 1004 FARNAM STREET, OMAHA, NE 68102 (2) FAH NORTH CAROLINA GP, LLC, 90-09914134, 1004 FARNAM STREET, OMAHA, NE 68102 (3) FAH OHIO GP, LLC, 27-2586122, 1004 FARNAM STREET, OMAHA, NE 68102 PART IV (B) PRIMARY ACTIVITY: (1) PROVIDED AFFORDABLE RENTAL HOUSING TO PERSONS WITH LOW TO MODERATE INCOME. THE PROPERTY WAS SOLD IN 2017. (2) UNDERLYING PROPERTIES PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME PERSONS (3) UNDERLYING PROPERTIES PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME PERSONS PART IV (D) DIRECT CONTROLLING ENTITY: (1) N/A (2) FOUNDATION FOR AFFORDABLE HOUSING (3) FOUNDATION FOR AFFORDABLE HOUSING | ExplanationTxt |
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