2017-11-10T13:45:11-06:00 2016-12-31 521158459 Hertzbach & Company PA 800 Red Brook Blvd Suite 300 Owings Mills MD 21117 990 2016-01-01 203149168 THC Affordable Housing Inc THCA 2022915535 5101 Sixteenth Street NW Washington DC 20011 Philip Hecht PRESIDENT 2022915535 2017-11-10 1 Jeffrey M Kleeman P00849057 4103633200 107.1.94.226 2017-11-10 13:40:21 ES P CCCA5047F1EA2D3139336854C4A045748D1C7973 FEB2BE6D009F586091A9493F9179A56EFD625184 2016 2017-02-10 21:41:12Z Housing Up Development PHILIP HECHT 5101 16TH STREET NW WASHINGTON DC 20011 430661 0 X www.housingup.org X 2005 DC To Develop affordable housing through renovation, new construction or preservation to meet the housing needs of very low, low and moderate income individuals and families in the Washington, D.C. Metropolitan area. 14 13 0 13 0 0 335000 310000 343856 120645 21 16 0 0 678877 430661 125000 0 0 0 0 0 0 0 0 286658 127153 411658 127153 267219 303508 3922801 4131433 474380 379504 3448421 3751929 To Develop affordable housing through renovation, new construction or preservation to meet the housing needs of very low, low and moderate income individuals and families in the Washington, D.C. Metropolitan area. 0 0 127153 120645 AFFORDABLE HOUSING-THCAH REHABILITATES DILAPIDATED APARTMENT STOCK TO PROVIDE AFFORDABLE HOUSING TO VERY LOW AND LOW INCOME FAMILIES AND INDIVIDUALS IN THE WASHINGTON, DC METRO AREA. A TAILORED PROGRAM OF RESIDENT SERVICES HAS BEEN DEVELOPED THAT WOULD HELP LOW INCOME OR AT-RISK FAMILIES TO SUSTAIN THEIR AFFORDABLE AND SECURE HOUSING SITUATIONS. THE ORGANIZATION ACQUIRED NEW PROPERTY KNOWN AS WEINBERG COMMONS. THE ORGANIZATION WILL BE DEVELOPING 1/3 OF THE UNITS AS PERMANENT SUPPORTIVE HOUSING, WHICH WILL SERVE A HOMELESS OR FORMERLY HOMELESS POPULATION WITH STABLE HOUSING AND WRAPAROUND SUPPORTIVE SERVICES. 127153 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X Philip Hecht 2022915535 5101 16TH STREET NW WASHINGTON DC 20011 ALISON HERRICK BOARD MEMBER 1.00 1.00 X 0 0 0 CHERYL BEVERSDORF BOARD MEMBER 1.00 1.00 X 0 0 0 Joe Howell Board Member 1.00 4.00 X 0 0 0 Cynthia Metzler BOARD MEMBER 1.00 1.00 X 0 0 0 PETER J PLOCKI BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT C LELAND BOARD MEMBER 1.00 1.00 X 0 0 0 W KIMBALL GRIFFITH CHAIR 1.00 4.00 X X 0 0 0 WINELL BELFONTE TREASURER 1.00 4.00 X X 0 0 0 Jared Blum BOARD MEMBER 1.00 1.00 X 0 0 0 Phyllis Jordan SECRETARY 1.00 4.00 X X 0 0 0 Derrick Perkins BOARD MEMBER 1.00 1.00 X 0 0 0 Anita Josey-Herring BOARD MEMBER 1.00 1.00 X 0 0 0 Paula Singleton BOARD MEMBER 1.00 1.00 X 0 0 0 Melissa Barrett Former Board Member 1.00 1.00 X 0 0 0 Phil Hecht President and CEO 10.00 30.00 X 0 98077 9178 Haribo Kamara-Taylor COO 10.00 30.00 X 0 84615 5042 0 182692 14220 0 0 0 0 TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 MANAGEMENT SERVICES 126000 1 310000 310000 Developer Fee Revenue 531110 94876 94876 PROGRAM INTEREST INCOM 531110 25769 25769 120645 16 16 430661 120645 0 16 126000 126000 BANK CHARGES 845 845 Miscellaneous 308 308 127153 127153 0 0 893603 38815 10069 2341997 2367767 1541989 859994 3922801 4131433 474380 379504 474380 379504 X 3448421 3451929 300000 3448421 3751929 3922801 4131433 303508 0 X X 0 1 X 1 0 X 81100 54050 890216 335000 310000 1670366 81100 54050 890216 335000 310000 1670366 742802 927564 3129 3407 2987 21 16 9560 1679926 865575 0.55210 0.67480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Developer Fee Receivable 641504 Due from Affiliate 199055 INVESTMENT IN INVESTING ENTITIES -183 Project Development Costs 19618 859994 X 6530443 5916710 5916710 613733 -183072 -183072 430661 6070111 6103381 6103381 -33270 160423 160423 127153 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 years ended December 31, 2016 and 2015. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Part XI, Line 2d - Other Adjustments: SUBSIDIARY REVENUE INCLUDED IN CONSOLIDATED F/S NOT ON 990 5,916,710. Part XI, Line 4b - Other Adjustments: INTERCOMPANY ELIMINATIONS -183,072. Part XII, Line 2d - Other Adjustments: SUBSIDIARY EXPENSES INCLUDED IN CONSOLIDATED F/S NOT ON 990 6,103,381. Part XII, Line 4b - Other Adjustments: INTERCOMPANY ELIMINATIONS 160,423. Form 990, Part VI, Section B, line 11b Upon completion of a draft Form 990, the tax return is reviewed by the President and CEO, V.P. of Affordable Housing, and THC/THCAH Audit Committee. After the proper vetting, formal approval is made by the President and CEO and THC/THCAH Audit Committee and distributed to THCAH Board of Directors. Form 990, Part VI, Section B, line 12c THCAH PRACTICES FOR MONITORING TRANSACTIONS FOR CONFLICT OF INTEREST AND DEALING WITH THE POTENTIAL OR ACTUAL CONFLICTS ARE OUTLINED IN ITS CONFLICT OF INTEREST POLICY. DISCLOSURE(S) ARE MADE TO THE President and CEO, WHO SHALL REPORT THE INFORMATION TO THE BOARD OF DIRECTORS. IF A POTENTIAL CONFLICT IS DISCLOSED, THE INDIVIDUAL(S) SHALL REFRAIN FROM PARTICIPATION IN THE IDENTIFIED ACTIVITY UNTIL THE MATTER IS RESOLVED. THIS POLICY IS DISTRIBUTED TO BOARD MEMBERS AND STAFF MEMBERS ON AN ANNUAL BASIS. Form 990, Part VI, Section B, line 15 At its July 27, 2016 Board meeting, the Board of Directors passed a resolution stating that the compensation of the CEO would be reviewed and approved by the Board Governance Committee (made up solely of independent and uncompensated directors) after review of appropriate comparability data. The resolution further stated that the compensation for senior staff (Chief Operating Officer, VP Programs, VP Affordable Housing, and Director of Development) recommended by the CEO would be reviewed by the Board Governance Committee. In early October, the Board Governance Committee met to review and approve the compensation of the CEO and reviewed the CEO's recommended compensation for senior staff. The committee's deliberations and decisions were contemporaneously substantiated. Form 990, Part VI, Section C, line 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 521675958 TRANSITIONAL AND SUPPORTIVE HOUSING DC 501(c)(3) 7 N/A 0 FORT VIEW LP 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 271893534 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC FV PARTNERS LLC RELATED -15 358991 0 1 0.00010 WEBSTER GARDENS LP 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 262376536 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC WG PARTNERS LLC RELATED -8 260427 0 1 0.00010 PARTNER ARMS 4 LLC 5101 16th St NW WASHINGTON DC 20011 800894542 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC THC AFFORDABLE HOUSING INC RELATED -45 1676104 0 1 0.00010 FV Partners LLC 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 271894573 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC N/A C 259 0.49000 0 WG PARTNERS LLC 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 262376392 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC N/A C 6 379 0.45500 0 DC PARTNERS LLC 5101 16TH STREET NW WASHINGTON DC 20011 471314563 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC THC AFFORDABLE HOUSING INC C -78 1.00000 0 THCAH Glenn Arms LLC 5101 16TH STREET NW WasHINGTON DC 20011 364820116 Real Estate DC THC AFFORDABLE HOUSING INC C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0