2017-08-29T13:30:45-05:00 2016-12-31 205556145 FRAZEE IVY DAVIS PLC 5100 POPLAR AVE STE 1400 MEMPHIS TN 381371499 990 2016-01-01 562444917 GMF-PRESERVATION OF AFFORDABILITY CORP GMF- 9016855556 65 GERMANTOWN RD NO 409 CORDOVA TN 38018 RICHARD L HAMLET CEO 9016845556 2017-08-22 1 J SLATER SMITHERS CPA P00281055 9016851040 2017-08-22 75.151.198.241 2017-08-22 15:45:02 CD P 0DF84E611FB38EA135D6757DB688D9B844E9CC06 0DF84E611FB38EA135D6757DB688D9B844E9CC06 2016 2021-01-29 14:40:06Z RICHARD HAMLET 65 GERMANTOWN RD NO 409 CORDOVA TN 38018 100656384 0 X N/A X 2004 TN DEVELOP AND OPERATE LOW-MODERATE INCOME HOUSING NATIONWIDE AS A PART OF THE PARENT'S CHARITABLE OUTREACH/SOCIAL SERVICES PLAN 3 2 0 0 0 0 0 4300000 83533399 80169316 31363 1069058 0 0 83564762 85538374 1200000 0 0 0 10463791 10969724 0 0 0 81053008 89727788 92716799 100697512 -9152037 -15159138 454488172 409848431 488428150 458947547 -33939978 -49099116 DEVELOP AND OPERATE LOW-MODERATE INCOME HOUSING NATIONWIDE AS A PART OF THE PARENT'S CHARITABLE OUTREACH/SOCIAL SERVICES PLAN 0 0 98805075 0 73173392 THE ORGANIZATION OPERATED 29 LOW INCOME HOUSING PROJECTS. 98805075 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 21 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X RICHARD L HAMLET 9016845556 65 GERMANTOWN COURT STE 409 CORDOVA TN 38018 RICHARD HAMLET PRESIDENT 25.00 40.00 X X 0 297000 65000 ALAN SWAFFORD DIRECTOR 1.00 1.00 X 0 0 0 THOMAS STOVALL DIRECTOR 1.00 1.00 X 0 0 0 0 297000 65000 0 0 1 0 REAC RESOURCES LLC PO BOX 4430 SARATOGA SPRINGS NY 12866 INSPECTION/CONSULTING 2178003 MULTIFAMILY MANAGEMENT INC 758 ST MICHAELS ST STE D MOBILE AL 36602 PROPERTY MANAGEMENT 1625185 LEDIC MANAGEMENT GROUP LLC 2650 THOUSAND OAKS STE 3100 MEMPHIS TN 38118 PROPERTY MANAGEMENT 614225 CONTRACTING SOLUTIONS LLC 3845 WATMAN MEMPHIS TN 38118 PROPERTY REPAIRS 539340 HOLLAND & KNIGHT LLP PO BOX 864084 ORLANDO FL 32886 LEGAL 486419 11 4300000 4300000 RENTAL INCOME 531110 79790794 79790794 GAIN ON INVOLUNTARY CONVERSION 533110 378522 378522 80169316 37068 37068 16150000 15118010 1031990 1031990 1031990 85538374 81201306 0 37068 10102424 9857124 245300 867300 849954 17346 2715597 2715597 186663 186663 2911889 2783538 128351 149124 149124 26980993 26980993 17364559 17351357 13202 4652861 4592704 60157 ASSET IMPAIRMENT LOSS 8027914 8027914 UTILITIES 7876397 7876397 REPAIRS AND MAINTENANCE 7530702 7528277 2425 CONTRACT SERVICES 4801880 4801880 6529209 5252677 1276532 100697512 98805075 1892437 0 5196461 2333123 8859321 10288275 840255 1011564 701531 740258 446513262 74089094 399886770 372424168 12333254 0 26670580 23051043 454488172 409848431 12322316 12676001 420360 797577 473697167 443560551 1988307 1913418 488428150 458947547 X -33939978 -49099116 -33939978 -49099116 454488172 409848431 -15159138 0 X 0 1 X 1 0 X X 1 GLOBAL MINISTRIES FOUNDATION 562378045 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33207334 33207334 413305928 74089094 339216834 372424168 BOND RESERVES 20237485 REPLACEMENT RESERVE 1384657 TENANT SECURITY DEPOSITS 1209335 ESCROW DEPOSITS 1124225 PROJECT FUND 1017 DUE FROM AFFILIATE -1166416 OPERATING RESERVES 67415 UTILITY DEPOSITS 193325 23051043 TENANT SECURITY DEPOSITS 1913418 1913418 X 1 1 0 0 0 0 0 0 0 0 0 RICHARD HAMLET PRESIDENT 0 295000 0 0 0 2000 0 0 0 0 0 297000 0 0 A CITY OF INDIANAPOLIS INDIANA 356001063 45528TAKC 2009-03-12 6100500 PURCHASE MULTIFAMILY HOUSING KNOWN AS STONEKEY 0 0 0 B STATE OF LOUISIANA FINANCE AGENCY 720809967 54626XBA5 2009-08-26 47830850 PURCHASE MULTIFAMILY HOUSING KNOWN AS LOUISIANA CHATEAU 0 0 0 C CITY OF MEMPHIS TN 621209024 586169EA8 2010-06-18 6826213 PURCHASE MULTIFAMILY HOUSING KNOWN AS GOODWILL VILLAGE 0 0 0 D CITY OF INDIANAPOLIS INDIANA 356001063 45528TAS3 2010-08-19 22050000 PURCHASE MULTIFAMILY HOUSING KNOWN AS BERKLEY COMMONS 0 0 0 A 465000 6100500 508500 239075 17355 5460322 2009 0 0 1 1 B 4150000 47830850 4041386 904985 75042 46925865 2009 0 0 1 1 C 325000 6826213 543550 346495 27741 6131157 2010 0 0 1 1 D 2090000 22050000 1627981 401000 74000 20072652 2010 0 0 1 1 A 1 0 0 0 1 0 1 B 1 0 0 0 1 0 1 C 1 0 0 0 1 0 1 D 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A CITY OF INDIANAPOLIS INDIANA 351485172 45506CAC1 2011-12-14 15035000 PURCHASE MULTIFAMILY HOUSING KNOWN AS STONE LAKE APARTMENTS 0 0 0 B CITY OF GULF BREEZE FL 593591394 10452TCH5 2011-12-22 17122350 PURCHASE MULTIFAMILY HOUSING KNOWN AS CIVIC TOWERS APARTMENTS 0 0 0 C CITY OF MEMPHIS TN 621209024 586169EQ3 2012-12-11 11450000 PURCHASE MULTIFAMILY HOUSING KNOWN AS ARBORS OF HICKORY RIDGE APARTMENTS 0 0 0 D CITY OF GULF BREEZE FL 593591394 14052TCM4 2012-04-18 13798250 PURCHASE MULTIFAMILY HOUSING KNOWN AS STONYBROOK APARTMENTS 0 0 0 A 370000 15035000 1114844 147339 40576 13986968 2012 0 0 1 1 B 865000 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1525000 32980000 999601 454182 294350 29106156 2013 0 0 1 1 D 9215535 288577 52048 100000 8679707 2013 0 0 1 1 A 1 0 0 0 1 0 1 B 1 0 0 0 1 0 1 C 1 0 0 0 1 0 1 D 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A PUBLIC FINANCE AUTHORITY 273866124 74441XAF6 2013-05-29 12610000 PURCHASE MULTIFAMILY HOUSING KNOWN AS INDIANNA4 0 0 0 B LA GOVERNMENT ENVIRONMENTAL FACILITY 721416158 546276CA2 2012-12-19 31525000 PURCHASE MULTIFAMILY HOUSING KNOWN AS PARC FONTAINE APARTMENTS 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 74441XBC2 2014-09-11 24680700 PURCHASE MULTIFAMILY HOUSING KNOWN AS ALABAMA POOL PROJECT 0 0 0 D HEALTH EDUCATIONAL AND HOUSING FACILITY 621209024 586169FC3 2014-03-05 13580000 PURCHASE MULTIFAMILY HOUSING KNOWN AS SERENITY TOWERS 0 0 0 A 95000 12610000 402530 91600 40000 11433318 2013 0 0 1 1 B 980000 31525000 1910669 248295 195159 28489659 2013 0 0 1 1 C 24680700 890930 443364 24237336 2014 0 0 1 1 D 13580000 490850 58646 75000 12688702 2014 0 0 1 1 A 1 0 0 0 1 0 1 B 1 0 0 0 1 0 1 C 1 0 0 0 1 0 1 D 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A PUBLIC FINANCE AUTHORITY 273866124 74441XAY5 2014-06-26 25320620 PURCHASE MULTIFAMILY HOUSING KNOWN AS FLORALA POOL PROJECT 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 74441XAP4 2014-02-01 19175147 PURCHASE MULTIFAMILY HOUSING KNOWN AS FOREST COVE 0 0 0 C CITY OF MEMPHIS TN 621209024 586169EK6 2011-06-17 11815000 PURCHASE MULTIFAMILY HOUSING KNOWN AS WARREN/TULANE 0 0 0 D CITY OF MEMPHIS TN 621209024 586169EM2 2011-06-17 3810000 PURCHASE MULTIFAMILY HOUSING KNOWN AS MADISON TOWER APT PROJECT 0 0 0 A 25320620 864890 496252 100000 24824368 2014 0 0 1 1 B 19175147 710232 42467 60000 17635808 2014 0 0 1 1 C 11815000 917219 107218 10849640 2011 0 0 1 1 D 3810000 310638 69995 3282318 2011 0 0 1 1 A 1 0 0 0 1 0 1 B 1 0 0 0 1 0 1 C 1 0 0 0 1 0 1 D 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A GULF BREEZE FLORIDA 593591394 14052TBZ6 2011-05-31 13807950 PURCHASE MULTIFAMILY HOUSING KNOWN AS T M ALEXANDER APT. PROJECT 0 0 0 B BATON ROUGE LA 721416158 546276BW5 2012-02-29 10670000 PURCHASE MULTIFAMILY HOUSING KNOWN AS PEACE LAKE TOWERS 0 0 0 C HEALTH EDUCATIONAL AND HOUSING FACILITY 2015-01-26 4061000 PURCHASE MULTIFAMILY HOUSING KNOWN AS BENT TREE APT. PROJECT 0 0 0 D LOUISIANA LOCAL GOVERNMENT 546276CK0 2015-04-02 15580723 PURCHASE MULTIFAMILY HOUSING KNOWN AS BELLEMONT APT. PROJECT 0 0 0 A 640000 13807950 557623 561550 81400 13165000 2011 0 0 1 1 B 75000 10670000 367344 469200 92126 10200800 2012 0 0 1 1 C 276533 4061000 61000 4000000 2015 0 0 1 1 D 240000 15580723 941023 169605 155000 13919440 2015 0 0 1 1 A 1 0 0 0 1 0 1 B 1 0 0 0 1 0 1 C 1 0 0 0 1 0 1 D 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A FINANCE AUTHORITY OF NEW ORLEANS 64764AAA7 2014-11-10 11750000 PURCHASE MULTIFAMILY HOUSING KNOWN AS WILLOWS 0 0 0 A 325000 11750000 747689 107993 103764 10287742 2015 0 0 1 1 A 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS GLOBAL MINISTRIES FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND REVIEWED BY THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS FURNISHED TO EACH OFFICER AND SENIOR STAFF MEMBER THAT BEGINS SERVING THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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