2017-10-18T14:35:38-05:00 2016-12-31 540975470 HOMES LOWRY HORN & JOHNSON LTD 3998 FAIR RIDGE DRIVE SUITE 360 FAIRFAX VA 220332907 990 2016-01-01 530213841 AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION AMER 7035223060 102 SHERIDAN AVENUE FORT MYER VA 22211 WALTER R LINCOLN PRESIDENT 7035223060 2017-10-06 1 GAIL E CHAMBERS P00631932 7032814880 66.77.128.118 2017-10-06 12:06:47 ED P 00FD4F90226BC7783FA57035721728D6535B38AE ACE551FF2F5797511443E196686F978C7E38485C 2016 2021-01-29 14:40:06Z WALTER R LINCOLN 102 SHERIDAN AVENUE FORT MYER VA 22211 150850104 0 X WWW.AAFMAA.COM X 1879 VA THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO AID ITS MEMBERS AND FAMILIES IN A PROMPT, SIMPLE AND SUBSTANTIAL MANNER. 17 16 94 0 0 0 0 0 51782547 56207797 68213013 69229278 2013866 4049397 122009426 129486472 0 0 68211410 69999191 8460700 8769370 0 0 0 43667774 49618543 120339884 128387104 1669542 1099368 1164622416 1265052325 92371203 117171058 1072251213 1147881267 AAFMAA'S MISSION IS TO BE THE PREMIER PROVIDER OF INSURANCE, FINANCIAL AND SURVIVOR SERVICES TO THE AMERICAN ARMED FORCES COMMUNITY. 0 0 AAFMAA'S PRIMARY ACTIVITY IS TO PROVIDE LIFE INSURANCE FOR THOSE INDIVIDUALS WHO QUALIFY UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(C)(23) DEFINITION, WHICH MEANS THEY MUST BE PRESENT OR PAST MEMBERS OF THE UNITED STATES ARMED FORCES OR THEIR FAMILY MEMBERS. IN ADDITION, AAFMAA PROVIDES ASSISTANCE TO MEMBERS WITH MILITARY BENEFITS, RETIREMENT PLANNING, VETERANS ADMINISTRATION (VA) CLAIM PROCESSING, AND DOCUMENT STORAGE IN BOTH ITS PHYSICAL AND DIGITAL VAULTS. IT ALSO PROVIDES SURVIVOR ASSISTANCE FOR FAMILIES OF MILITARY MEMBERS TO ENSURE THAT SURVIVING FAMILY MEMBERS OBTAIN THEIR LIFE INSURANCE BENEFITS, SOCIAL SECURITY BENEFITS, VA BENEFITS, AND ALL OTHER APPROPRIATE ENTITLEMENTS. AAFMAA WEALTH MANAGEMENT & TRUST LLC, FORMED IN 2012 AS A NORTH CAROLINA TRUST COMPANY AND REGULATED BY THE NORTH CAROLINA COMMISSIONER OF BANKS, PROVIDES FINANCIAL PLANNING, INVESTMENT MANAGEMENT, AND TRUST SERVICES TO THOSE QUALIFIED FOR AAFMAA SERVICES UNDER IRC SECTION 501(C)(23). AAFMAA MORTGAGE SERVICES LLC, FORMED IN 2016 AND REGULATED BY THE NORTH CAROLINA COMMISSIONER OF BANKS, OFFERS VETERAN ADMINISTRATION (VA), FEDERAL HOUSING ADMINISTRATION (FHA), CONVENTIONAL AND OTHER RESIDENTIAL MORTGAGE PRODUCTS TO THOSE QULIFIED FOR AAFMAA SERVICES UNDER SECTION 501(C)(23). 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1441 0 94 1 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X ASSOCIATION 7035223060 102 SHERIDAN AVENUE FORT MYER VA 22211 LTG DONALD M BABERS CHAIRMAN OF THE BOARD 2.00 X 0 0 0 GEN JACK N MERRITT VICE CHAIRMAN,BOARD & CHAI 2.00 X 0 0 0 MAJ WALTER R LINCOLN PRESIDENT, TREASURER 35.00 X X 561385 0 39727 BG MACK C HILL DIRECTOR, FINANCE COMMITTE 2.00 X 0 0 0 ROBIN H BOUDIETTE DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 LTG JOSEPH E DEFRANCISCO DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 CSM GEORGE HORVATH DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 CMSGT LEWIS E MONROE DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 COL DENNIS D PORTER DIRECTOR, FINANCE COMMITTE 2.00 X 0 0 0 CMSGT JOHN T RIDGE DIRECTOR, FINANCE COMMITTE 2.00 X 0 0 0 LTG WILLIAM J LENNOX CHAIRMAN MEMBERSHIP COMMIT 2.00 X 0 0 0 COL WILSON A BUD SHATZER JR DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 BRIG GEN JONATHAN D GEORGE DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 RADM JANICE M HAMBY DIRECTOR, MEMBERSHIP COMMI 2.00 X 0 0 0 WILLIAM M MATZ DIRECTOR, FINANCE COMMITTE 2.00 X 0 0 0 JOHN A DUBIA DIRECTOR, FINANCE COMMITTE 2.00 X 0 0 0 DENNIS J REIMER DIRECTOR, FINANCE COMMITTE 2.00 X 0 0 0 MICHAEL J MEESE COO & SECRETARY 40.00 X 253928 0 29248 CARLOS PEREZ JR ASSISTANT SECRETARY 40.00 X 162347 0 11142 JAMES M MALLEY PRESIDENT, AAFMAA MORTGAGE SERVICES 40.00 X 403002 0 34634 RICHARD CONVY PRESIDENT,AAFMAA WEALTH MG 40.00 X 235807 0 32025 BARBARA HUMPHREY EXECUTIVE VP,AAFMAA WEALTH 40.00 X 284432 0 13948 STEPHEN MANNELL CFO, AAFMAA WEALTH MGT & T 40.00 X 215053 0 11489 ANDREW W MAY MANAGING DIRECTOR & COO 40.00 X 239538 0 10779 KEVIN KINCAID CHIEF MARKETING OFFICER 40.00 X 151267 0 27768 GARY N AIKEN CHIEF ANALYST & RISK MANAG 35.00 X 164003 0 29418 A E LYNE BABIN MANAGER MEMBER SERVICES 40.00 X 175152 0 10948 MATTHEW V WATSON SENIOR FINANCIAL ANALYST/I 40.00 X 129533 0 16003 KATHIE H BALLARD MANAGER, POLICY SERVICES 40.00 X 126808 0 36014 ANTHONY POWELL HEAD OF PRODUCTION AND OPERATIONS 40.00 X 145840 0 6742 3248095 0 309885 14 0 1 0 METROSTAR SYSTEMS 1856 OLD RESTON AVE RESTON VA 20190 IT SERVICES 3521282 HUBBARD RADIO PO BOX 645431LOCKBOX 005431 CINCINNATI OH 452645431 ADVERTISING 340250 EDDY SQUARED LLC 23 WILLETT WAY GREENSBORO NC 27408 ACTUARIAL SERVICES 168354 3 PREMIUM REVENUE 524113 56044828 56044828 MEMBERSHIP FEES FOR SERVICES 524113 162969 162969 56207797 66532517 66532517 8108800 6495957 1612843 1612843 1612843 17564436 14867675 2696761 2696761 2696761 INVESTMENT MANAGEMENT INCOME 524113 1486165 1486165 CONSIDERATION FOR SUPPLEMENTAL CO 524113 767271 767271 NET RECOVERIES OF IMPAIRED SECURI 524113 167051 167051 16067 16067 2436554 129486472 129486472 0 0 69999191 2717519 4913183 318595 357596 462477 74239 77576 589576 1613618 1463132 2642187 846795 45088 122715 1820076 205079 CHANGE IN RESERVES 29202449 EXCESS INTEREST CREDIT 5491648 INVESTMENT EXPENSE 3184750 BAD-DEBT ON LOANS, POLI 1986908 252707 128387104 9944165 12001060 77311421 90170536 334561 542862 1123424 345086 111183128 11321437 71383076 99861691 733094047 817958905 259640744 228793410 11790978 15378775 1164622416 1265052325 3125880 4296989 1959147 1877036 87286176 110997033 92371203 117171058 X 0 0 0 0 1072251213 1147881267 1072251213 1147881267 1164622416 1265052325 X 1099368 74530686 X X 0 1 X 1 0 29522069 29522069 57853124 3917756 53935368 21071939 6359161 14712778 2735996 1044520 1691476 99861691 POLICY LOANS 26436917 C MORTGAGE LOANS INVEST 183795129 C CAP LOANS 18561364 C 228793410 DEATH BENEFITS PAYABLE 17117281 SETTLEMENT OPTIONS PAYABLE 35512836 PAYABLE FOR SECURITIES 58007407 TENANT SECURITY DEPOSITS 359509 110997033 X 119012332 6495957 6495957 112516375 16970097 16970097 129486472 117912964 6495957 6495957 111417007 16970097 16970097 128387104 PART X, LINE 2: ALTHOUGH THE ASSOCIATION IS TAX EXEMPT, IT STILL EVALUATES UNCERTAINTY IN INCOME TAX POSITIONS BASED ON A "MORE-LIKELY-THAN-NOT" RECOGNITION STANDARD. IF THAT THRESHOLD IS MET, THE TAX POSITION IS THEN MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF DECEMBER 31, 2016, THE ASSOCIATION HAS EVALUATED ITS MATERIAL TAX POSITIONS AND DETERMINED THAT NO ACCRUALS FOR UNCERTAIN TAX POSITIONS ARE REQUIRED ON THE ASSOCIATION'S FINANCIAL STATEMENTS. RETURNS FILED FOR TAX PERIODS ENDING AFTER DECEMBER 31, 2013, ARE OPEN TO EXAMINATION AND ANY CHANGES BY THE TAXING AUTHORITIES MAY AFFECT THE ASSOCIATION'S INCOME TAX LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,495,957. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET ADJUSTMENT FOR SUBSIDIARY INCOME AND EXPENSES 10,545,812. INVESTMENT EXPENSES 6,424,285. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,495,957. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET ADJUSTMENT FOR SUBSIDIARY INCOME AND EXPENSES 10,545,812. INVESTMENT EXPENSES 6,424,285. X X 0 0 0 MAJ WALTER R LINCOLN PRESIDENT, TREASURER 416385 0 145000 0 0 0 26500 0 13227 0 601112 0 0 0 MICHAEL J MEESE COO & SECRETARY 248178 0 5750 0 0 0 25675 0 3573 0 283176 0 0 0 CARLOS PEREZ JR ASSISTANT SECRETARY 160702 0 1645 0 0 0 6800 0 4342 0 173489 0 0 0 JAMES M MALLEY PRESIDENT, AAFMAA MORTGAGE SERVICES 203002 0 200000 0 0 0 11925 0 22709 0 437636 0 0 0 RICHARD CONVY PRESIDENT,AAFMAA WEALTH MG 235807 0 0 0 0 0 10850 0 21175 0 267832 0 0 0 BARBARA HUMPHREY EXECUTIVE VP,AAFMAA WEALTH 284432 0 0 0 0 0 11925 0 2023 0 298380 0 0 0 STEPHEN MANNELL CFO, AAFMAA WEALTH MGT & T 215053 0 0 0 0 0 9697 0 1792 0 226542 0 0 0 ANDREW W MAY MANAGING DIRECTOR & COO 197038 0 42500 0 0 0 10779 0 0 0 250317 0 0 0 KEVIN KINCAID CHIEF MARKETING OFFICER 148212 0 3055 0 0 0 15535 0 12233 0 179035 0 0 0 GARY N AIKEN CHIEF ANALYST & RISK MANAG 118003 0 46000 0 0 0 17140 0 12278 0 193421 0 0 0 A E LYNE BABIN MANAGER MEMBER SERVICES 102152 0 73000 0 0 0 7956 0 2992 0 186100 0 0 0 KATHIE H BALLARD MANAGER, POLICY SERVICES 124864 0 1944 0 0 0 13355 0 22659 0 162822 0 0 0 ANTHONY POWELL HEAD OF PRODUCTION AND OPERATIONS 145840 0 0 0 0 0 5829 0 913 0 152582 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE AAFMAA CONSTITUTION SPECIFIES THAT THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED FROM AND BY THE MEMBERS OF THE ASSOCIATION AT THE ANNUAL MEETING, EACH OF WHOM ARE ELECTED FOR FOUR-YEAR TERMS (WITH ROUGHLY ONE-FOURTH OF THE DIRECTORS BEING ELECTED EACH YEAR). BETWEEN ANNUAL MEETINGS, THE AAFMAA CONSTITUTION SPECIFIES THAT ANY VACANCY MAY BE FILLED BY A MAJORITY VOTE OF THE BOARD. ANY PERSON SO APPOINTED BY THE BOARD WOULD ONLY SERVE UNTIL THE NEXT ANNUAL MEETING, UNLESS HE OR SHE IS ELECTED BY THE MEMBERS AT THAT MEETING. IN PRACTICE, SUGGESTIONS FOR MEMBERS OF THE BOARD CAN COME FROM ANY MEMBER. THEY ARE CONSIDERED BY A NOMINATING COMMITTEE, CONSISTING OF MEMBERS, WHO WOULD THEN NOMINATE PERSONS TO BE VOTED UPON BY THE ENTIRE MEMBERSHIP AT THE ANNUAL MEETING (OR BY PROXY). FORM 990, PART VI, SECTION A, LINE 7B THE AAFMAA CONSTITUTION SPECIFIES THAT THE AFFAIRS OF THE ASSOCIATION SHALL BE MANAGED BY A BOARD OF ELEVEN OR MORE DIRECTORS, WHICH MEETS REGULARLY BOTH AS A BOARD IN ITS ENTIRETY AND IN SPECIFIC COMMITTEES, CURRENTLY THE MEMBERSHIP AND FINANCE COMMITTEES. THOSE COMMITTEES AND THE BOARD AS A WHOLE RECEIVE REPORTS AND MAKE DECISIONS ON BEHALF OF THE MEMBERS. THESE REPORTS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED BY BOTH THE BOARD OF DIRECTORS AND THE COMMITTEES. DUTIES AND POWERS OF THE BOARD OF DIRECTORS AND COMMITTEES ARE SPECIFIED IN THE CONSTITUTION. THE AAFMAA CONSTITUTION CAN ONLY BE ALTERED OR AMENDED BY A TWO-THIRDS VOTE OF THE MEMBERS PRESENT OR PROPERLY REPRESENTED BY PROXY. SO MEMBERS APPROVE ANY DECISION OF THE ORGANIZATION THAT WOULD CONSTITUTE A CHANGE TO THE CONSTITUTION AND IT DELEGATES OVERSIGHT AUTHORITY FOR OTHER DECISIONS TO THE BOARD, WHICH IS ELECTED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE AAFMAA CONTROLLER, ASSISTANT TO THE PRESIDENT, AND THE PRESIDENT REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AAFMAA MAINTAINS A CONFLICT OF INTEREST STANDARD AND POLICY FOR DIRECTORS, CONSISTENT WITH THE VIRGINIA NONSTOCK CORPORATION ACT. TO RETAIN THEIR LIABILITY PROTECTION AND INDEMNIFICATION, DIRECTORS MAY NOT PARTICIPATE IN A "CONFLICT OF INTEREST TRANSACTION" AS A "NON-DISINTERESTED DIRECTOR". ANY DIRECTOR WHO BECOMES NON-DISINTERESTED MUST ADVISE THE OTHER DIRECTORS THAT HE OR SHE IS NON-DISINTERESTED WITH RESPECT TO THE APPLICABLE MATTER AND RECUSE HIMSELF OR HERSELF FROM VOTING IN ANY BOARD OR COMMITTEE MEETING ON ANY ACTION REGARDING AAFMAA AND THE APPLICABLE MATTER. THIS POLICY IS PROVIDED TO DIRECTORS AT EVERY JUNE BOARD MEETING THROUGH A MEMORANDUM FROM AAFMAA'S GENERAL COUNSEL. WITHIN THE MEMORANDUM THE GENERAL COUNSEL PROVIDES SPECIFIC GUIDANCE ON THE POLICY SO THAT DIRECTORS CAN RELY ON IT AS LEGAL ADVICE. FORM 990, PART VI, SECTION B, LINE 15A AAFMAA RETAINED AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE COMPENSATION OF THE PRESIDENT AND TREASURER AND COMPARE IT TO COMPENSATION SURVEY DATA FROM PARALLEL POSITIONS IN OTHER SIMILAR SIZE ASSOCIATIONS. THE PRESIDENT AND TREASURER'S SALARY FOLLOWS A METHOD ESTABLISHED SPECIFICALLY FOR THIS POSITION. IT IS REVIEWED AND APPROVED ANNUALLY BY THE CHAIRMAN OF THE BOARD. FOR ALL OTHER EMPLOYEES, THE PROCESS INCLUDES ANNUAL, WRITTEN REVIEWS AND PAY INCREASES DEPENDING UPON PERFORMANCE APPRAISALS. PAY INCREASES ARE WITHIN RANGES INITIALLY ESTABLISHED BY EXTERNAL COMPENSATION CONSULTANTS. RANGES ARE UPDATED ANNUALLY FOR INFLATION BUT NOT ANNUALLY FOR COMPARABILITY. RATINGS ARE COMPLETED CONTEMPORANEOUSLY AND FILED IN INDIVIDUAL PERSONNEL RECORDS. THIS PROCESS APPLIES TO ALL, NOT JUST OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE CONSTITUTION IS GIVEN TO EACH MEMBER WHEN HE/SHE JOINS THE ASSOCIATION. ANNUAL REPORT INCLUDING AUDITED FINANCIAL INFORMATION IS SENT TO EACH MEMBER EACH YEAR. THE IRS FORM 990 IS PROVIDED TO THE PUBLIC UPON REQUEST IN ACCORDANCE WITH THE 1996 TAXPAYERS BILL OF RIGHTS. FORM 990, PART XI, LINE 9: INSURANCE & OTHER RESERVES INCREASES 34,149,026. INTEREST MAINTENANCE RESERVE INCREASE 618,309. CHANGE IN UNREALIZED APPRECIATION OF EQUITY SECURITIES 11,486,958. DECREASE IN NON-ADMITTED ASSETS 27,594,974. INCREASE IN TREASURY INFLATION-PROTECTED SECURITIES (TIPS) 203,000. OTHER INCREASES IN GENERAL CONTINGENCY RESERVE 478,419. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AP RESTON CAMPUS LLC 1856 OLD RESTON AVENUE RESTON VA 20190 264249351 REAL ESTATE VA 1331720 20927208 AAFMAA WEALTH MANAGEMENT & TRUST LLC 639 EXECUTIVE PLACE STE 202 FAYETTEVILLE NC 28305 460886762 WEALTH MANAGEMENT VA 1486165 4923832 AP FAYETTEVILLE EXECUTIVE LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 800857637 REAL ESTATE VA 465241 4220321 AP ANNAPOLIS ADMIRAL LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 364738654 REAL ESTATE VA 2009379 26786705 AP PALM DESERT VILLAGE LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 462529759 REAL ESTATE VA 417780 10852240 AAFMAA PROPERTY LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 900927867 REAL ESTATE VA 176775 101341059 AP PALM DESERT CERRITO LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 465078635 REAL ESTATE VA 376318 4381564 AP PALM DESERT MONTANAS LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 465088283 REAL ESTATE VA 216067 3919037 AP PALM DESERT RETAIL LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 474063055 REAL ESTATE VA 701439 7116135 AMERICAN MORTGAGE SERVICES LLC 639 EXECUTIVE PLACE STE 200 FAYETTEVILLE NC 28305 475054706 MORTGAGE SERVICES NC 76972 490875 AP PALM DESERT POINTE 34100 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811060240 REAL ESTATE VA 377288 5154553 AP PALM DESERT POINTE 34130 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811216654 REAL ESTATE VA 425219 4131672 AP PALM DESERT POINTE 34160 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811122512 REAL ESTATE VA 238988 1660170 AP PALM DESERT POINTE 34190 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811176730 REAL ESTATE VA 283029 1858319 AP PALM DESERT POINTE 34220 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811241422 REAL ESTATE VA 43203 925922 AP PALM DESERT POINTE 34250 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811198784 REAL ESTATE VA 390018 3010536 AP PALM DESERT POINTE 34280 LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 811183197 REAL ESTATE VA 271200 2267473 AP CHANTILLY MEADOWS LLC 1856 OLD RESTON AVENUE STE 300W RESTON VA 20190 814425536 REAL ESTATE VA 560130 9495939