2017-06-16T11:21:28-05:00 2015-09-30 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2014-10-01 520939288 HOUSING ASSISTANCE COUNCIL HOUS 2028428600 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 MOISES LOZA EXECUTIVE DIRECTOR 2028428600 2017-06-16 1 FRANK H SMITH P00639053 2028225000 2017-06-12 2014 2018-03-14 21:41:22Z X MOISES LOZA 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 35486417 0 X WWW.RURALHOME.ORG X 1971 DC TO IMPROVE HOUSING CONDITIONS FOR POOREST OF THE POOR IN THE MOST RURAL PLACES. 25 21 40 21 0 0 7861988 9251725 1009637 858950 294770 346296 0 18670 9166395 10475641 0 135133 0 0 3694069 3551828 0 0 69039 6453691 9055237 10147760 12742198 -981365 -2266557 58474517 52684388 17097815 14333345 41376702 38351043 X THE EXEMPT PURPOSE IS TO IMPROVE HOUSING CONDITIONS FOR THE RURAL POOR, WITH EMPHASIS ON THE POOREST OF THE POOR IN THE MOST RURAL PLACES. HAC HELPS LOCAL PUBLIC, PRIVATE AND NONPROFIT ORGANIZATIONS BUILD AFFORDABLE HOMES IN RURAL AMERICA BY PROVIDING BELOW-MARKET FINANCING, TECHNICAL ASSISTANCE, RESEARCH, TRAINING AND INFORMATION SERVICES. 0 0 7781466 727186 LENDING PROGRAM - THE TASKS UNDERTAKEN IN FY 2015 WERE LENDING TO LOW-INCOME HOUSING PROJECTS AND ADMINISTERING SEVERAL REVOLVING LOAN FUNDS FOR LOW-INCOME HOUSING PROJECTS. 2974665 135133 131700 TRAINING AND TECHNICAL ASSISTANCE - THE ORGANIZATION ALSO PROVIDED TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE US. 858535 64 RESEARCH AND INFORMATION - RESEARCH ON SUBJECTS RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR. 11614666 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 40 1 0 0 0 0 0 0 0 0 0 0 X 25 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THEODORE RUSSELL 2028428600 1025 VERMONT AVENUE NW NO 606 WASHINGTON DC 20005 POLLY NICHOL BOARD CHAIR 1.00 0.10 X X 0 0 0 ANDREW BIAS PRESIDENT 0.60 0.10 X X 0 0 0 MOISES LOZA EXECUTIVE DIRECTOR 40.00 0.10 X X 264452 0 10990 RICHARD TUCKER TREASURER 0.60 X X 0 0 0 PETER CAREY VICE PRESIDENT 0.60 X X 0 0 0 SWYNICE HAWKINS SECRETARY 0.60 X X 0 0 0 GIDEON ANDERS BOARD OF DIRECTOR 0.80 0.10 X 0 0 0 ROBERT CALVILLO BOARD OF DIRECTOR 0.80 X 0 0 0 JANAKA CASPER BOARD OF DIRECTOR 0.60 X 0 0 0 SANDRA FERNIZA BOARD OF DIRECTOR 0.60 X 0 0 0 MARVIN GINN BOARD OF DIRECTOR 1.00 X 0 0 0 NINFA GUTIERREZ BOARD OF DIRECTOR 0.30 0.10 X 0 0 0 ILENE JACOBS BOARD OF DIRECTOR 0.60 X 0 0 0 LENIN JUAREZ BOARD OF DIRECTOR 0.30 X 0 0 0 DAVE LOLLIS BOARD OF DIRECTOR 0.30 X 0 0 0 ARTURO LOPEZ BOARD OF DIRECTOR 0.60 X 0 0 0 TWILA MARTIN-KEKAHBAH BOARD OF DIRECTOR 0.60 X 0 0 0 MARIA LUISA MERCADO BOARD OF DIRECTOR 0.30 X 0 0 0 WILLIAM POWERS BOARD OF DIRECTOR 0.50 X 0 0 0 PEDRO RODRIGUEZ BOARD OF DIRECTOR 0.60 0.10 X 0 0 0 IRENE SIKELIANOS BOARD OF DIRECTOR 0.60 X 0 0 0 THE HON BENNIE THOMPSON BOARD OF DIRECTOR 0.10 X 0 0 0 DAZETTA THORNE BOARD OF DIRECTOR 0.60 X 0 0 0 LAURIETTE WEST-HOFF BOARD OF DIRECTOR 1.00 X 0 0 0 PEGGY WRIGHT BOARD OF DIRECTOR 0.60 X 0 0 0 KARIN KLUSMANN LOAN FUND DIRECTOR/ ASST. SECRETARY 40.00 0.10 X 131621 0 5827 JOSEPH BELDEN ASSISTANT SECRETARY 40.00 X 183723 0 8288 THEODORE RUSSELL ASST. TREASURER/DIRECTOR 40.00 X 97391 0 4332 677187 0 29437 3 0 1 0 0 9239100 12625 9251725 LOAN INTEREST & FEES 900099 727186 727186 CONFERENCES 900099 131700 131700 PUBLICATIONS & WORKSHOPS 900099 64 64 858950 335627 335627 25021445 25010776 10669 10669 10669 REIMBURSEMENT/REFUND 900099 11355 11355 OTHER 900099 7315 7315 18670 10475641 858950 0 364966 135133 135133 831894 527218 294081 10595 1601647 1369203 208038 24406 88049 76553 11496 840464 687091 136261 17112 189774 149921 39853 32557 25720 6837 120533 95221 25312 15584 15584 17019 17019 1214677 1197949 16728 348110 278049 65096 4965 543945 422439 113525 7981 238679 220762 17917 281945 278755 3190 268624 268624 3904 3106 798 48567 37903 10205 459 GRANT CONVERSION EXP. 4499183 4499183 PROVISION FOR LOAN LOSS 1208855 1208855 MISCELLANEOUS 94551 38201 53871 2479 LOSS IN SUBSIDIARY 74434 74434 44070 20346 22682 1042 12742198 11614666 1058493 69039 99365 514689 7821572 5769879 865353 870472 21811365 17563262 39240 21867 984778 128051 3905 856727 25893112 26565546 1304722 635883 521946 58474517 52684388 683467 528880 51420 51420 13160 12671 16349325 13739931 443 443 17097815 14333345 X 9498046 7739416 19267820 18000791 12610836 12610836 41376702 38351043 58474517 52684388 X -2266557 -335908 -423194 X 0 1 X 1 1 1 X 14239508 10159521 12953119 7861988 9251725 54465861 14239508 10159521 12953119 7861988 9251725 54465861 54465861 178511 665197 633552 348293 335627 2161180 7315 7315 56634356 4194112 0.96170 0.96650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2010 AMOUNT: $ 0. 2011 AMOUNT: $ 0. 2012 AMOUNT: $ 0. 2013 AMOUNT: $ 0. 2014 AMOUNT: $ 7,315. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 15585 0 0 15585 0 PART II-B, LINE 1: STAFF HELD VARIOUS MEETINGS WITH CONGRESSIONAL STAFF ADVOCATING FOR FEDERAL RURAL HOUSING PROGRAMS, SOME OF WHICH HAC APPLIES TO FOR FUNDING. HAC STAFF RESPONDED TO INQUIRIES FROM CONGRESSIONAL MEMBERS AND STAFF TO PROVIDE (A) INFORMATION ON RURAL HOUSING PROGRAMS AND OTHER RURAL ISSUES, AND (B) TESTIMONY ON RURAL HOUSING NEEDS AND PROGRAMS. 856727 856727 128051 128051 0 856727 CERTIFICATE OF DEPOSITS 17698875 F MUTUAL FUNDS 1666006 F GOVERNMENT SECURITIES 6518158 F CORPORATE BONDS 225472 F INVESTMENT IN SUBSIDIARY 457035 F 26565546 PAYABLE TO PARTNERSHIP 443 443 X 9699518 -335908 -423196 -759104 10458622 17019 17019 10475641 12725179 0 12725179 17019 17019 12742198 PART X, LINE 2: MANAGEMENT OF HAC BELIEVES THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAXES IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION ON PREMIUM 81,427. UNREALIZED LOSS ON LAND FORCLOSURE -504,623. 1 ABILITY HOUSING OF NE FLORIDA INC 76 S LAURA STREET SUITE 303 JACKSONVILLE FL 32202 593087085 501(C)(3) 5600 SUB-AWARD GRANT COMMUNITY ACTION NETWORKINC 3675 US-641 PARIS TN 38242 611492579 501(C)(3) 7376 SUB-AWARD GRANT COMMUNITY HOUSING PARTNERS 448 DEPOT STREET NE CHRISTIANBURG VA 24073 541023025 501(C)(3) 5192 SUB-AWARD GRANT NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION 1048 E MAIN STREET BOYNE CITY MI 49712 383395829 501(C)(3) 5288 SUB-AWARD GRANT 4 0 PART I, LINE 2: HAC PROVIDES SUB-AWARD GRANTS TO RECIPIENTS THAT MEET CERTAIN PERFORMANCE AND/OR QUALIFICATIONS FOR UTILIZING TO ENHANCE AND BOLSTER THEIR PROGRAMS. X X X 0 0 0 0 0 0 0 0 0 MOISES LOZA EXECUTIVE DIRECTOR 251442 0 10246 0 2764 0 10990 0 0 0 275442 0 0 0 JOSEPH BELDEN ASSISTANT SECRETARY 168094 0 0 0 15629 0 8288 0 0 0 192011 0 0 0 GIDEON ANDERS BOARD MEMBER TO FUND LOAN FUNDS X 1016 1016 0 1 1 JOSEPH BELDEN ASSISTANT SECRETARY TO FUND LOAN FUNDS X 1195 1316 0 1 1 MARIA MERCADO BOARD MEMBER TO FUND LOAN FUNDS X 1171 1215 0 1 1 MOISES LOZA BOARD MEMBER TO FUND LOAN FUNDS X 6337 6591 0 1 1 WILLIAM POWERS BOARD MEMBER TO FUND LOAN FUNDS X 2440 2533 0 1 1 12671 FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL FORM 990 TAX RETURN FOR THE HOUSING ASSISTANCE COUNCIL (HAC) IS PREPARED BY AN INDEPENDENT AUDITING FIRM WHICH ALSO CONDUCTS THE ANNUAL FINANCIAL AUDIT OF HAC. THE TAX RETURN IS REVIEWED BY HAC'S DIRECTOR OF FINANCE AND ADMINISTRATION AND BY HAC'S EXECUTIVE DIRECTOR. THE TAX RETURN IS ALSO SUBJECTED TO REVIEWS BY HAC'S BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON TRANSACTIONS THAT WILL BE CONDUCTED WITH RELATIONSHIPS THAT MIGHT INVOLVE PARTIES THAT COULD BE CONSTRUED AS CONFLICT OF INTEREST, STAFF AND MANAGEMENT WILL DISCUSS WITH LEGAL COUNSEL, AND/OR THE BOARD SUCH POTENTIAL CONFLICTS OF INTEREST PRIOR TO ENTERING INTO ANY SUCH AGREEMENTS OR NEEDING APPROVAL FOR SUCH EVENTS. STAFF WILL PRIMARILY DETERMINE WHETHER THE ORGANIZATION POSSESSES A POTENTIAL CONFLICT OF INTEREST. A DISCUSSION WILL BE HELD WITH THE MANAGEMENT AND VERIFIED BY A LEGAL COUNSEL IF A NEW TRANSACTION TYPE ARISES. FOR BOARD MEMBERS, SUCH DISCLOSURES ARE PUT IN WRITING BY THE BOARD MEMBERS AND RETAINED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THERE IS AN ANNUAL EVALUATION CONDUCTED FOR ALL KEY PERSONNEL BY THE EXECUTIVE DIRECTOR. FOR THE EXECUTIVE DIRECTOR, AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD DIRECTORS EVALUATES THIS POSITION. FOR ALL POSITIONS, THE EXECUTIVE DIRECTOR AND BOARD ARE AFFORDED A REGIONAL ANNUAL COMPENSATION SURVEY OF KEY POSITIONS TO DETERMINE THE FAIRNESS AND COMPARABLE RATES BASED ON SIZE AND BUDGET OF ORGANIZATIONS. FOR KEY PERSONNEL, EXECUTIVE DIRECTOR MAKES COMPENSATION ADJUSTMENTS BASED ON MERIT OR COLA. FOR THE EXECUTIVE DIRECTOR, THE EXECUTIVE COMPENSATION COMMITTEE MEETS AT LEAST ANNUALLY TO RECOMMEND COMPENSATION ADJUSTMENTS TO EXECUTIVE DIRECTOR'S SALARY. ADJUSTMENTS TO ALL PERSONNEL COMPENSATION ARE INCORPORATED INTO ANNUAL OPERATING BUDGET. AS PART OF PRESENTATION OF BUDGET, MANAGEMENT REPORTS ON COMPENSATION ADJUSTMENTS TO PERSONNEL LINE ITEM COST TO BOARD FINANCE COMMITTEE, THEN TO ENTIRE BOARD OF DIRECTORS. BOARD IS AFFORDED OPPORTUNITY TO RAISE QUESTIONS IF NECESSARY. COMPENSATION ADJUSTMENTS TO EXECUTIVE DIRECTOR ARE PRESENTED BY THE EXECUTIVE COMPENSATION COMMITTEE TO THE FULL BOARD, IN EXECUTIVE SESSION, FOR APPROVAL. MINUTES ARE TAKEN OF THE EXECUTIVE COMMITTEE MEETING AND HELD BY HAC'S GENERAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 HAC PROVIDES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY UPON REQUEST AS PART OF AGREEMENT IN RECEIVING FEDERAL FUNDING. THE ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BOTH THROUGH ANNUAL REPORT AND ALSO UPON REQUEST FROM THE PUBLIC. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT 2. UNREALIZED LOSS ON LAND FORCLOSURE -504,623. AMORTIZATION ON PREMIUM 81,427. FORM 990, PART I, LETTER B: AMENDED RETURN HAC UNDERWENT THE REQUIRED AUDIT AFTER THE ORIGINAL FORM 990 WAS FILED. HAC'S 2014 TAX RETURN HAS BEEN AMENDED TO REFLECT THE FOLLOWING CHANGES: - REVISION ON PART VIII, IX, X, AND XI OF THE FORM 990. - REVISION ON SCHEDULE A, B, AND I OF THE FORM 990. RURAL HOUSING SERVICES INC 1025 VERMONT STREET NW WASHINGTON DC 20005 521306869 TO PROMOTE THE SOCIAL WELFARE OF LOW-INCOME PERSONS IN RURAL AREAS DC 501(C)(4) N/A HAC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0