2016-11-14T09:09:19-06:00 2015-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE 400E BETHESDA MD 208146583 990 2015-01-01 521665967 NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC % TODD TRAVIS NATI 3019980440 11200 ROCKVILLE PIKE 220 ROCKVILLE MD 20852 TODD TRAVIS MANAGING MEMBER 3019980401 2016-11-15 true ED RYAN CPA P00223815 3016529100 2015 2017-02-10 21:41:12Z MARTIN SCHWARTZBERG 11200 ROCKVILLE PIKESTE 225 ROCKVILLE MD 20852 30170747 false X http://nfahs.org X 1990 DC THE FOUNDATION IS DEDICATED TO PRESERVING the nations existing ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO providing UNDERSERVED POPULATION with solutions and access to housing. 7 7 18 0 3922361 12725906 11745835 17412417 32096 32424 0 0 15700292 30170747 63100 133227 0 0 3437920 5260738 0 0 0 4205288 2789894 7706308 8183859 7993984 21986888 122522983 145105512 26561632 22303178 95961351 122802334 X THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THE UNDERSERVED POPULATION WITH SOLUTIONS AND BETTER ACCESS TO DECENT, SAFE AND WELL-MANAGED AFFORDABLE HOUSING AND COMMUNITY PROGRAMS AND SERVICES. false false 8025503 THE EO RESEARCHES VARIOUS APPROACHEs to preserve our nations supply of ADEQUATE AFFORDABLE HOUSING. IT SPEAKS AND DEALS WITH INDUSTRY LEADERS, CREATES FINANCIAL MODELS AND PREPARES VARIOUS POSITION REMARKS. IT ALSO facilitiate NON-PROFIT OWNERSHIP OF AFFORDABLE HOUSING. IN ADDITION, IT CREATES 509(A)(3) ORGANIZATIONS THAT ACQUIRE AFFORDABLE LOW INCOME HOUSING. 8025503 true true false false false false false false false true false false true false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 47 0 true 18 true false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false true true true false MD X TODD TRAVIS 3019980401 11200 ROCKVILLE PIKE ROCKVILLE MD 20852 X DENISE MUHA DIRECTOR 1.0 1.0 X 0 0 0 BERNARD BEAL Director 1.0 1.0 X 0 0 0 ANTHONY COELHO DIRECTOR 1.0 1.0 X 0 0 0 REV MSGR WILLIAM LINDER DIRECTOR 1.0 1.0 X 0 0 0 JASON GOLDBLATT DIRECTOR 1.0 1.0 X 0 0 0 ROBERT WELTCHEK DIRECTOR 1.0 1.0 X 0 0 0 Jay Berman director 1.0 1.0 X 0 0 0 JON SHIFFMAN DIRECTOR 1.0 1.0 X 0 0 0 BENJAMIN M SOTO DIRECTOR 1.0 1.0 X 0 0 0 eliot reid president and ceo 40.0 1.0 X 1153500 0 0 Todd Travis President and CEO 40.0 1.0 X 757500 0 0 MARTIN C SCHWARTZBERG CHAIRMAN 40.0 1.0 X 240000 0 0 NOAH NORDHEIMER SR. VP 40.0 1.0 X 47625 0 0 JANET CHARLTON EXECUTIVE VICE PRESIDENT 40.0 1.0 X 242500 0 0 richard M charlton II senior development manager 40.0 1.0 X 140500 0 0 jaymar g joseph senior development manager 1.0 1.0 X 0 0 0 rosann redmon comptroller 40.0 1.0 X 139625 0 0 2721250 0 0 6 false true false Green Wall Group LLC 128 School Street WALPOLE MA 02081 technical advisory prudential huntoon paige associates 2100 ross avenue suite 2500 DALLAS TX 75201 consulting jenkins restoration 22980 shaw road STERLING VA 20166 Technical advisory Kaas Wilson Architects 2104 4th Avenue South MINNEAPOLIS MN 55404 Architecture running dog architects 4208 maples terrace CHEVY CHASE MD 20815 architecture 0 X 12725906 12725906 INTEREST NOTE RECEIVABLE 531110 2476204 2476204 OTHER REVENUE 531110 206400 206400 DEVELOPMENT FEE INCOME 531110 13767631 13767631 OTHER INTEREST 531110 153554 153554 OTHER REVENUE 531110 808628 808628 17412417 32424 32424 0 0 0 0 0 0 0 0 0 0 30170747 17412417 32424 133227 133227 0 0 0 2393500 2393500 0 2122559 2122559 0 551306 551306 193373 193373 0 100006 100006 58350 58350 0 0 0 0 0 582808 582808 0 0 206090 206090 0 0 0 472104 472104 0 209092 209092 12266 12266 OTHER EXPENSE 66748 66748 TUITION, DUES AND SUBSCRIPTION 56501 56501 CONSULTING EXPENSE 677808 677808 PROJECT ADMIN 194507 194507 153614 153614 8183859 8025503 158356 0 14749979 18717785 2705796 1948500 0 0 7518094 8421874 0 0 0 0 54067129 45951138 0 0 0 0 613263 401352 180014 211911 0 0 0 0 0 0 0 0 43301971 69854304 122522983 145105512 6606711 7408312 0 0 9426138 6030349 0 0 0 0 0 0 0 0 10528783 8864517 0 0 26561632 22303178 X 93255555 120853834 2705796 1948500 0 0 95961351 122802334 122522983 145105512 21986888 1206005 3648090 X false true X true false X 11030262 15183704 2111978 3922361 12735906 44984211 3435294 2573372 3680067 11746032 17412417 38847182 0 0 0 14465556 17757076 5792045 15668393 30148323 83831393 0 0 0 83831393 12343 11460 9469 32096 32424 97792 0 12343 11460 9469 32096 32424 97792 0 0 14477899 17768536 5801514 15700489 30180747 83929185 0.99884 0.99915 0.00117 0.00085 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 361503 226874 134629 251761 174477 77282 211911 ACQUISITION FEE (NET OF AMORT) 68132 FINANCING COSTS, NET 72947 INTEREST RECEIVABLE 5906799 DEPOSITS 690637 DUE FROM AFFILIATES 28397508 OTHER RECEIVABLE 34718281 69854304 0 0 fin 48 disclosure Income taxes The Foundation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2014. Due to its tax exempt status, the Foundation is not subject to income taxes. The Foundation is required to file and does file tax returns with the IRS and other taxing authorities. None of the subsidiary entities had unrelated business income for the year ended December 31, 2014. Accordingly, these financial statements do not reflect a provision for income taxes and the Foundation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Foundation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open. X X false false false false false false false false true MARTIN C SCHWARTZBERG CHAIRMAN 240000 0 0 0 0 0 0 240000 0 0 0 JANET CHARLTON EXECUTIVE VICE PRESIDENT 242500 0 0 0 0 0 0 0 242500 0 0 0 eliot reid president and ceo 1153500 0 0 0 0 0 0 0 1153500 0 0 0 Todd Travis President and CEO 757500 0 0 0 0 0 0 0 757500 0 0 0 line 8 prior to her becoming a foundation employee, the NFAHS board of directors and the pertinent state housing finance agencies had approved the participation of an entity in which Charlton had an interest as the developer for three LIHTC redevelopment transactions. during 2010 - 2013 payments of development fee were made for services rendered to three (3) limited partnerships in which affiliates of the national foundation for affordable housing solutions, inc. serve as general partner or managing member. such fees were paid for services rendered prior to 2010 - 2013 and were paid from investor equity contributed to such partnerships by unrelated, third party tax credit investors. the development fee paid in each transaction are subject to certain federal and state governmental limitations as to gross amount and schedule for payments. line 9 not applicable Part Vi, Section B, Line 12C AN AFFIRMATIVE SIGNED STATEMENT OF NO CONFLICTS IS REQUIREd and, where applicable, a writtrn disclosure of any know conflict is required. conflicts are disclosed and board members are rucused, as needed, on a transactional basis. Part Vi, Section B, Line 15B THE COMPENSATION COMMITTEE REVIEWs and makes decisitions with a benefit of a third party compensation report. Part VI, SECTION C, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST. Part VI, Section B, Question 11a Prior to filing the 990 is vetted by members of the executive committee, and third party legal and acounting personal. final approval is then gived by the chairman of the board his review. Part XI, line 9 Other Changes in net assets or fund balances - Distributions from wholly-owned subsidiaries of foundation: $3,751,518. CLAIBORNE HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521795395 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true CHEMUNG VIEW HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521921440 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true RENEWAL HOUSING Inc 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521965128 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true LONDONDERRY HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521795393 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true MOUNT CARMEL HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521920898 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true KISH HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521920903 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true HUNTINGTON HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521879282 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true BROOKSIDE HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521968153 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true COUNTRYSIDE HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521824857 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true GLENARDEN HOUSING OF MARYLAND INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521929847 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true KING HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521927975 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true INDIAN HEAD HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521927914 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true GLENREED HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521927912 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true WILLOW CREEK HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521963655 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true echelon housing inc 11200 ROCKVILLE PIKE 2ND FLOOR ROCKVILLE MD 20852 521880077 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true Whitney Preservation Housing Development 11200 Rockville Pike 2nd flr Rockville MD 20852 455370883 501(c)(3) 509(a)(3) nfahs true 516 HUMBOLDT AFFORDABLE LLC 11200 ROCKVILLE PIKE STE 225 ROCKVILLE MD 20852 452022453 HOUSING MN NA RELATED -174 70957 false false brookside general partner llc 11200 rockville pike suite 250 rockville MD 20852 274150955 real estate i MD brookside hsg c corp glenview general partner llc 11200 rockville pike suite 250 rockville MD 20852 273751726 real estate i MD glenview housin c corp king housing inc 11200 rockville pike suite 250 rockville MD 20852 272684470 real estate i MD king hsg inc c corp glenarden Associates llc 11200 rockville pike suite 200 rockville MD 20852 274970928 real estate i MD glenarden hsg c corp glenreed associates llc 11200 rockville pike suite 200 rockville MD 20852 274974184 real estate i MD glenreed hsg c corp NFAHS Mid Pine Affordable LLC 11200 Rockville Pike Suite 250 Rockville MD 20852 453414352 real estate i MD N/A C Corp false false true false false false false false false false true false false false false false true true CLAIBORNE HOUSING INC C Cash LONDONDERRY HOUSING INC C Cash Salem Lafayette L FMV Mid-Pine L FMV glenarden housing of maryland inc L fmv McConnell L fmv Northlake S fmv Whitney Preservation S fmv Whitney Preservation C cash Echelon housing C cash Huntington Housing C cash GLENREED HOUSING INC L FMV LEWIS PARK L FMV EASTPORT L FMV SEWARD L FMV SHADLEY L FMV GUS JOHNSON L FMV CHEMUNG VIEW L FMV MT CARMEL L FMV KISH L FMV Echelon S Cash Huntington R Cash Huntington S Cash 1000 Southern L FMV