2016-11-11T14:19:03-06:00 2015-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2015-01-01 550860403 HOGAR HISPANO INC HOGA 6024551302 1126 16TH STREET NW NO 600 WASHINGTON DC 20036 MARCOS MORALES EXECUTIVE DIRECTOR 6024551302 2016-11-11 1 3019519090 2015 2017-02-10 21:41:12Z LAUTARO DIAZ 1126 16TH STREET NW NO 600 WASHINGTON DC 20036 6531870 0 X N/A X 2004 DC SEE PART III, LINE 1. 5 5 5 5 401408 -155307 171400 50000 2451664 2272433 25 20 953920 1106173 3577009 3428626 0 0 0 0 0 139475 0 0 0 3108760 3277927 3108760 3417402 468249 11224 25351246 26566716 26000188 27054257 -648942 -487541 X THROUGH PARTICIPATION IN REAL ESTATE, INVESTMENTS AND RELATED DEBT, THE CORPORATION WILL SERVE AND BENEFIT THE HISPANIC/LATINO COMMUNITY BOTH LOCALLY AND NATIONALLY BY PROVIDING COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES TO SERVICE-BASED ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO DISCOUNTED LEASING, EDUCATIONAL, WORKFORCE TRAINING AND CAPACITY BUILDING OPPORTUNITIES, AND THE CREATION OF A CENTRALIZED HEADQUARTERS AND NATIONAL MEETING CENTER FOR LATINO SERVICE PROGRAMS. 0 0 2956696 1820225 HHI CREATES AFFORDABLE OFFICE SPACE FOR NON-PROFIT ORGANIZATIONS SERVING LOW INCOME FAMILIES IN WASHINGTON, D.C. HHI ALSO MAKES FREE CONFERENCE ROOM SPACE AVAILABLE FOR NON-PROFIT ORGANIZATIONS AND COALITIONS SERVING LOW INCOME FAMILIES IN WASHINGTON, D.C. 14706 1156973 HHI HAS DEVELOPED PROGRAMS FOR FORECLOSURE PREVENTION AND FOR THE RESALE OF FORECLOSED PROPERTIES TO INDIVIDUALS AND NON-PROFITS. THE ORGANIZATION PROVIDES DIVERSE SERVICES AND IN-KIND SUPPORT TO DEVELOP BUSINESS MODELS AND SERVICE DELIVERY OPTIONS FOR LATINO SERVICE NON-PROFITS TO UTILIZE.THROUGH EXECUTIVE MANAGEMENT SUPPORT OF PROJECTS, OFFERS TECHNICAL AND DEVELOPMENT SUPPORT FOR THE CREATION OF NEW MODELS FOR DELIVERING FINANCIAL SERVICE INVESTMENTS TO LOW INCOME FAMILIES. THE ORGANIZATION HAS TWO ACTIVE PROJECTS WITH LOCAL NON-PROFITS. 2971402 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 0 0 0 0 1 7 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARCOS MORALES 2027761573 1126 16TH STREET NW STE 600 WASHINGTON DC 20036 LAUTARO DIAZ BOARD CHAIRMAN 3.00 X X 0 0 0 VICKI TASSAN VICE CHAIRMAN 0.50 X X 0 0 0 KEVIN SMITH TREASURER/SECRETARY 1.00 X X 0 0 0 ALLISON KOKKOROS BOARD MEMBER 0.50 X 0 0 0 BEA STOTZER BOARD MEMBER 0.50 X 0 0 0 MARCOS MORALES EXECUTIVE DIRECTOR 40.00 X 21568 0 1222 21568 0 1222 0 0 0 0 NATIONAL COUNCIL OF LA RAZA 1126 16TH ST SUITE 600 WASHINGTON DC 200364845 MANAGEMENT 257507 1 50000 50000 RENTAL INCOME 531120 2221633 1820225 401408 FEE INCOME 900099 50800 50800 2272433 20 20 4209417 3103244 1106173 1106173 3428626 2977198 401408 20 22790 19372 3418 104316 88669 15647 3464 2944 520 8905 7569 1336 257507 257507 25863 25863 123431 123431 234793 91814 142979 301852 198766 103086 206519 206519 17266 17266 915471 915471 546031 546031 143306 143306 PROPERTY TAXES 345854 345854 BAD DEBT 90559 90559 REPAIRS/MAINTENANCE 54948 54948 LICENSES AND PERMITS 12454 12454 2073 2073 3417402 2971402 446000 0 1820206 1339158 358796 298405 50000 815220 271378 504211 549849 1583911 3993666 31359 42720 23735705 4349996 19537471 19385709 650072 685831 25351246 26566716 1300975 643848 172462 158599 13376826 12762901 7265318 9185664 3884607 4303245 26000188 27054257 X -748942 -497544 100000 10003 -648942 -487541 25351246 26566716 11224 150177 0 X 0 1 X 1 0 X 1000000 200000 239500 171400 50000 1660900 1000000 200000 239500 171400 50000 1660900 308424 1352476 319 64 56 25 20 484 500 7 507 1661891 18636993 0.81380 0.70280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7147280 7147280 16568582 4336070 12232512 19843 13926 5917 19385709 TENANT SECURITY DEPOSITS 70474 INTEREST RATE SWAP 1888573 ACCRUED INTEREST 2344198 4303245 X 3428626 0 3428626 0 3428626 3417402 0 3417402 0 3417402 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, HHI AND SUBSIDIARIES HAVE DOCUMENTED THEIR CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. A DISTRICT OF COLUMBIA 536001131 254839H71 2013-11-01 13820000 REFINANCE BONDS 0 0 0 A 1057099 13820000 13820000 2013 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BANK OF AMERICA 16.333333300000 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: DISTRICT OF COLUMBIA (F) DESCRIPTION OF PURPOSE: PURCHASE & RENOVATE PROPERTY PART IV, LINE 2C, REBATE COMPUTATION: NO REBATE COMPUTATION WAS MADE BECAUSE THERE WERE NO BOND PROCEEDS TO INVEST. X 29 0 SEE PART II 0 0 0 0 PART I, LINE 33: HOGAR COMMUNITY REINVESTMENT, LLC RECEIVED A TOTAL OF 29 DONATED PROPERTIES FOR THE YEAR ENDED DECEMBER 31, 2015. THE PROPERTIES WERE DONATIONS FROM VARIOUS LENDING INSTITUTIONS TO ENABLE HOGAR COMMUNITY REINVESTMENT, LLC TO CONVERT FORECLOSED PROPERTIES INTO NEW HOUSING FOR LOW AND MODERATE INCOME FAMILIES. HOGAR COMMUNITY REINVESTMENT, LLC DOES NOT RECORD THE VALUE OF THE DONATED PROPERTIES IN REVENUE WHEN RECEIVED. MANAGEMENT ESTIMATES THAT THE PROPERTIES DONATED IN 2015 HAVE A VALUE OF APPROXIMATELY $1,870,644 AND HOGAR COMMUNITY REINVESTMENT, LLC HAS AN INVENTORY OF DONATED PROPERTIES TOTALING $12,065,451 AS OF DECEMBER 31, 2015. THESE AMOUNTS ARE OBTAINED FROM AN ONLINE VALUATION PROGRAM. THE VALUE OF THESE PROPERTIES ARE NOT INCLUDED IN HHI'S CONSOLIDATED FINANCIAL STATEMENTS BECAUSE APPRAISALS WERE NOT CONDUCTED. THEREFORE, THE IN-KIND VALUE OF THESE PROPERTIES HAS NOT BEEN INCLUDED ON THE STATEMENT OF ACTIVITIES. HOWEVER, SCHEDULE M HAS BEEN COMPLETED TO REPORT THE DONATION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD COMPLETED A THOROUGH REVIEW OF THE AUDIT AND DEVOLVED THE OVERSIGHT RESPONSIBILITY FOR THE ORGANIZATION'S 990 FILING TO THE BOARD CHAIRMAN. THE BOARD IS PROVIDED, VIA EMAIL, WITH A COPY OF THE FINAL 990 FOR REVIEW BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING WILL OCCUR IMPLEMENTING TWO PRACTICES: - ANNUALLY BOARD MEMBERS WILL HAVE TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. IF A CONFLICT SURFACES THE BOARD CHAIR OR SECRETARY TREASURER WILL TAKE APPROPRIATE ACTION. - ALL CONTRACTORS ARE DISCLOSED TO BOARD MEMBERS AND IT IS ITS CUSTOM TO LOOK FOR POTENTIAL CONFLICTS OF INTEREST SITUATIONS. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT OR POSITION STATEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWED THE EXECUTIVE DIRECTOR'S COMPENSATION. IT USED SALARY INFORMATION FROM THE EXECUTIVE DIRECTOR'S PREVIOUS POSITION. THE LAST REVIEW TOOK PLACE IN THE FALL OF 2015. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HOGAR COMMUNITY REINVESTMENT LLC 1126 16TH ST NW SUITE 600 WASHINGTON DC 20036 452485661 AFFORDABLE HOUSING DEVELOPMENT AZ 1167419 5851180 HOGAR HISPANO SECOND OPPORTUNITY OF AMERICA LLC 1126 16TH ST NW SUITE 600 WASHINGTON DC 20036 452475041 LOAN MODIFICATION FOR LOW AND MODERATE INCOME FAMILIES AZ 88023 988935 HOGAR HISPANO