2018-11-16T10:07:28-06:00 2017-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2017-01-01 521665967 NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC NATI 3019980400 11810 GRAND PARK AVENUE SUITE 600 NORTH BETHESDA MD 20852 TODD TRAVIS MANAGING MEMBER 3019980400 2018-11-16 1 ED RYAN CPA P00223815 3016529100 2018-11-14 209.3.217.20 2018-11-16 10:05:52 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 76134E1902F3C05D55DCFE9E481A50E4805045EA 2017 2019-02-21 02:37:17Z MARTIN SCHWARTZBERG 11200 ROCKVILLE PIKESTE 225 NORTH BETHESDA MD 20852 24574344 0 X HTTP://NFAHS.ORG X 1990 DC THE FOUNDATION IS DEDICATED TO PRESERVING THE NATIONS EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING UNDERSERVED POPULATION WITH SOLUTIONS AND ACCESS TO HOUSING. 8 8 22 0 0 0 20983916 6396110 9764050 15014062 29460 3164172 0 0 30777426 24574344 272505 469700 0 0 4647969 3188542 0 0 0 2069871 2602654 6990345 6260896 23787081 18313448 174078204 211310459 24786563 39283070 149291641 172027389 X THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THE UNDERSERVED POPULATION WITH SOLUTIONS AND BETTER ACCESS TO DECENT, SAFE AND WELL-MANAGED AFFORDABLE HOUSING AND COMMUNITY PROGRAMS AND SERVICES. 0 0 5774940 11740575 THE EO RESEARCHES VARIOUS APPROACHES TO PRESERVE OUR NATIONSSUPPLY OF ADEQUATE AFFORDABLE HOUSING. IT SPEAKS AND DEALS WITHINDUSTRY LEADERS, CREATES FINANCIAL MODELS AND PREPARES VARIOUSPOSITION REMARKS. IT ALSO FACILITIATE NON-PROFIT OWNERSHIP OFAFFORDABLE HOUSING. IN ADDITION, IT CREATES 509(A)(3)ORGANIZATIONS THAT ACQUIRE AFFORDABLE LOW INCOME HOUSING. 5774940 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 22 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MD X TODD TRAVIS 3019980401 11810 GRAND PARK AVE SUITE 600 NORTH BETHESDA MD 20852 GREGORY O'DELL DIRECTOR 0.00 X 0 0 0 RE MSGR WILLIAM J LINDER DIRECTOR 0.00 X 0 0 0 BERNARD BEAL DIRECTOR 0.00 X 0 0 0 MAR WELLER DIRECTOR 0.00 X 0 0 0 JASON GOLDBLATT DIRECTOR 0.00 X 0 0 0 JON SHIFFMAN DIRECTOR 0.00 X 0 0 0 BENJAMIN M SOTO DIRECTOR 0.00 X 0 0 0 TODD TRAVIS PRESIDENT AND CEO 40.00 X X 296250 0 0 RANDALL KELLY VP AND GENERAL COUNSEL 40.00 X X 205625 0 0 JANET CHARLTON VICE PRESIDENT 40.00 X X 245000 0 0 MICHAEL MURPHY VICE PRESIDENT 40.00 X X 107300 0 0 854175 0 0 4 1 1 0 FEDERAL REALTY INVESTMENT TRUST PO BOX 8500 PHILADELPHIA PA 19178 INVESTMENT 267094 GREEN WALL GROUP LLC 128 SCHOOL STREET WALPOLE MA 02081 TECHNICAL ADVISORY 180000 KAAS WILSON ARCHITECTS 1301 AMERICAN BLD EAST BLOOMINGTON MN 55425 ARCHITECTURE 165545 GERSCH REAL ESTATE LLC 730 EUDORA STREET DENVER CO 80220 REAL ESTATE ADVISORY 125419 EMG SOLUTIONS 6514 MARLBORO PIKE FORESTVILLE MD 20753 CONSULTING 120030 5 6396110 6396110 DEVELOPMENT FEE INCOME 531110 8369072 8369072 OTHER REVENUE 531110 4252137 4252137 INTEREST NOTE RECEIVABLE 531110 2075799 2075799 OTHER INTEREST 531110 317054 317054 15014062 3164172 0 3164172 3164172 3164172 24574344 18178234 0 0 469700 469700 2466409 2466409 564425 564425 157708 157708 136614 136614 102644 102644 181237 181237 28274 28274 485469 485469 148975 148975 CONSULTING EXPENSE 620851 620851 OFFICE RENT EXPENSE 340599 340599 NON-REIMBURSABLE COSTS 338122 338122 OTHER EXPENSE 218424 218424 1445 1445 6260896 5774940 485956 0 31500797 21781855 9571763 11014987 46216865 41466225 1901688 704441 1269356 1197247 59415529 85519423 76434616 174078204 211310459 10715346 11532388 5206700 7324307 8864517 20426375 24786563 39283070 X 144857894 167593642 4433747 4433747 149291641 172027389 174078204 211310459 X 18313448 4422300 0 X 0 1 X 1 0 X 2111978 3922361 12735906 20983916 6396110 46150271 3680067 11746032 17412417 9764050 5310307 47912873 5792045 15668393 30148323 30747966 11706417 94063144 0 0 0 94063144 9469 32096 32424 29460 34158 137607 9469 32096 32424 29460 34158 137607 5801514 15700489 30180747 30777426 11740575 94200751 0.99850 0.00150 X 1649927 483812 1166115 251761 220629 31132 1197247 INVESTMENTS 59415529 C 59415529 ACQUISITION FEE (NET OF AMORT) 51128 INTEREST RECEIVABLE 7916829 DEPOSITS 3461841 OTHER RECEIVABLE 65004818 76434616 FIN 48 DISCLOSURE INCOME TAXES THE FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION THE FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2017. DUE TO ITS TAX EXEMPT STATUS, THE FOUNDATION IS NOT SUBJECT TO INCOME TAXES. THE FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. NONE OF THE SUBSIDIARY ENTITIES HAD UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2017. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE FOUNDATION ARE 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. 1 LA CONSERVATION CORPS PO BOX 15868 LOS ANGELES CA 90015 954003138 501(C)(3) 10000 HABITAT RESTORATION PROJECTS REHOBOTH BAPTIST CHURCH 621 ALABAMA AVE SE WASHINGTON DC 200324104 521923090 7500 YOUTH MENTORSHIP, CHOIR ROBES FOR THE CHURCH EAGLE BANK FOUNDATION CO GOLD CLASSIC 7815 WOODMONT AVENUE BETHESDA MD 20814 920195178 501(C)(3) 10000 BREAST CANCER RESEARCH MACCABI USASPORTS FOR ISRAEL 1511 WALNUT STREET SUITE 401 PHILADELPHIA PA 19102 131810938 501(C)(3) 10000 ENRICHING JEWISH LIVES THROUGH ATHLETIC, CULTURAL, AND EDUCATIONAL PROGRAMS ALAMEDA HEALTH SYSTEM FOUNDATION 350 FRANK H OGAWA PLAZA SUITE 900 OAKLAND CA 94612 942951736 501(C)(3) 10000 HEALTHCARE ARLINGTON PARTNERSHIP FOR AFFORDABLE HOUSING 2704 N PERSHING DRIVE ARLINGTON VA 22201 541515133 501(C)(3) 10000 AFFORDABLE HOUSING ASSISTANCE LAB LEARNING VENTURES INC 840 N AVENUE 66 LOS ANGELES CA 90042 821727821 25000 TO DISRUPT GENERATIONAL POVERTY THROUGH AFTER-SCHOOL EDUCATION AND ENRICHMENT PROGRAMMING DUKE UNIVERSITY 324 BLCKWLL ST WASH BLDG STE 850 DURHAM NC 27701 571211099 501(C)(3) 10000 EDUCATION CASEY CARES FOUNDATION INC 3918 VERO ROAD SUITE C BALTIMORE MD 21227 522259802 501(C)(3) 37000 ASSISTING CRITICALLY ILL CHILDREN AND FAMILIES FIGHT FOR CHILDREN INC 1029 VERMONT AVE NW SUITE 300 WASHINGTON DC 20005 521706059 501(C)(3) 24000 PROVIDING AT-RISK CHILDREN ACCESS TO HIGH QUALITY YOUTH SPORTS OPPORTUNITIES URBAN LAND INSTITUTE PO BOX 418363 BOSTON MA 022418363 530159845 501(C)(3) 5000 TO PROVIDE LEADERSHIP IN THE RESPONSIBLE USE OF LAND AND CREATING/SUSTAINING COMMUNITIES WORLDWIDE LOMA LINDA UNIVERSITY HEALTH 11234 ANDERSON ST LOMA LINDA CA 923543406 300793395 500 HEALTHCARE ELIZABETH GLASER PEDIATRIC AIDS FOUNDATION PO BOX 418649 BOSTON MA 022418649 954191698 501(C)(3) 60000 PREVENTION OF MOTHER-TO-CHILD TRANSMISSION, CARE AND TREATMENT OF PEDIATRIC HIV, RESEARCH, ADVOCACY JUSTIN J WATT FOUNDATION PO BOX 530 PEWAUKEE WI 53072 273516574 501(C)(3) 250000 HOUSTON FLOOD RELIEF FOR HURRICANE HARVEY MONITORING THE USE OF GRANT FUNDS Y X X 0 0 0 0 0 0 0 0 1 0 TODD TRAVIS PRESIDENT AND CEO 296250 0 0 0 0 0 0 0 0 0 296250 0 0 0 RANDALL KELLY VP AND GENERAL COUNSEL 205625 0 0 0 0 0 0 0 0 0 205625 0 0 0 JANET CHARLTON VICE PRESIDENT 245000 0 0 0 0 0 0 0 0 0 245000 0 0 0 MICHAEL MURPHY VICE PRESIDENT LINE 8 PRIOR TO HER BECOMING A FOUNDATION EMPLOYEE, THE NFAHS BOARD OF DIRECTORS AND THE PERTINENT STATE HOUSING FINANCE AGENCIES HAD APPROVED THE PARTICIPATION OF AN ENTITY IN WHICH CHARLTON HAD AN INTEREST AS THE DEVELOPER FOR THREE LIHTC REDEVELOPMENT TRANSACTIONS. DURING 2010 - 2013 PAYMENTS OF DEVELOPMENT FEE WERE MADE FOR SERVICES RENDERED TO THREE (3) LIMITED PARTNERSHIPS IN WHICH AFFILIATES OF THE NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS, INC. SERVE AS GENERAL PARTNER OR MANAGING MEMBER. SUCH FEES WERE PAID FOR SERVICES RENDERED PRIOR TO 2010 - 2013 AND WERE PAID FROM INVESTOR EQUITY CONTRIBUTED TO SUCH PARTNERSHIPS BY UNRELATED, THIRD PARTY TAX CREDIT INVESTORS. THE DEVELOPMENT FEE PAID IN EACH TRANSACTION ARE SUBJECT TO CERTAIN FEDERAL AND STATE GOVERNMENTAL LIMITATIONS AS TO GROSS AMOUNT AND SCHEDULE FOR PAYMENTS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE 990 IS VETTED BY MEMBERS OF THE EXECUTIVE COMMITTEE, AND THIRD PARTY LEGAL AND ACCOUNTING PERSONNEL. FINAL APPROVAL IS THEN GIVEN BY THE CHAIRMAN OF THE BOARD AFTER HIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AN AFFIRMATIVE SIGNED STATEMENT OF NO CONFLICTS IS REQUIRED, AND WHERE APPLICABLE, A WRITTEN DISCLOSURE OF ANY KNOWN CONFLICTS IS REQUIRED. CONFLICTS ARE DISCLOSED AND BOARD MEMBERS ARE RECUSED, AS NEEDED, ON A TRANSACTIONAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND MAKES DECISIONS WITH A THIRD PARTY COMPENSATION REPORT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST. PART VI, SECTION B, LINE 12C AN AFFIRMATIVE SIGNED STATEMENT OF NO CONFLICTS IS REQUIRED AND, WHERE APPLICABLE, A WRITTEN DISCLOSURE OF ANY KNOW CONFLICT IS REQUIRED. CONFLICTS ARE DISCLOSED AND BOARD MEMBERS ARE RUCUSED, AS NEEDED, ON A TRANSACTIONAL BASIS. PART VI, SECTION B, LINE 15B THE COMPENSATION COMMITTEE REVIEWS AND MAKES DECISITIONS WITH A BENEFIT OF A THIRD PARTY COMPENSATION REPORT. PART VI, SECTION C, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST. PART VI, SECTION B, QUESTION 11A PRIOR TO FILING THE 990 IS VETTED BY MEMBERS OF THE EXECUTIVE COMMITTEE, AND THIRD PARTY LEGAL AND ACOUNTING PERSONAL. FINAL APPROVAL IS THEN GIVED BY THE CHAIRMAN OF THE BOARD HIS REVIEW. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES - DISTRIBUTIONS FROM WHOLLY-OWNED SUBSIDIARIES OF FOUNDATION: $3,751,518. MAGNOLIA HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521795395 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 NRG HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521921440 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 RENEWAL HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521965128 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 DOGWOOD HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521795393 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 MOUNT CARMEL HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521920898 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 KISH HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521920903 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 HUNTINGTON HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521879282 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 BROOKSIDE HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521968153 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 GLENARDEN HOUSING OF MARYLAND INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521929847 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 KING HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521927975 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 MISSION HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521927914 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 GLENREED HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521927912 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 WILLOW CREEK HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521963655 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 ECHELON HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 521880077 HOUSING MD 501(C)(3) 509(A)(3) NFAHS 1 WHITNEY PRESERVATION HOUSING DEVELOPMENT 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 455370883 MD 501(C)(3) 509(A)(3) NFAHS 1 BROOKSIDE GENERAL PARTNER LLC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 274150955 REAL ESTATE I MD BROOKSIDE HSG C 0 GLENVIEW GENERAL PARTNER LLC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 273751726 REAL ESTATE I MD GLENVIEW HOUSIN C 0 KING HOUSING INC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 272684470 REAL ESTATE I MD KING HSG INC C 0 GLENARDEN ASSOCIATES LLC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 274970928 REAL ESTATE I MD GLENARDEN HSG C 0 GLENREED ASSOCIATES LLC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 274974184 REAL ESTATE I MD GLENREED HSG C 0 NFAHS MID PINE AFFORDABLE LLC 11810 GRAND PARK AVENUE STE 600 NORTH BETHESDA MD 20852 453414352 REAL ESTATE I MD C 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 C