2016-11-09T15:59:01-06:00 2015-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-01-01 043172401 THE HOUSING PARTNERSHIP NETWORK INC HOUS 6177201999 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 RANDY PARKER CFO 6177201999 2016-11-09 1 THOMAS WASHBURN CPA P00537319 5083669100 2016-11-09 2015 2017-02-10 21:41:12Z THOMAS BLEDSOE 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 10626028 0 X HOUSINGPARTNERSHIP.NET X 1992 MA TO BUILD AFFORDABLE HOMES, BETTER FUTURES, AND VIBRANT COMMUNITIES FOR LOW AND MODERATE INCOME PEOPLE THROUGH PARTNERSHIPS WITH ITS MEMBER ORGANIZATIONS AND BUSINESSES, GOVERNMENT AND PHILANTHROPIC INSTITUTIONS. 17 16 54 16 0 0 7821035 4311510 5542282 5748620 10296 11258 241408 554640 13615021 10626028 2835490 1712377 0 0 6150245 6048276 0 0 351634 3413399 3827432 12399134 11588085 1215887 -962057 16977608 16478417 8232347 8695213 8745261 7783204 TO BUILD AFFORDABLE HOMES, BETTER FUTURES AND VIBRANT COMMUNITIES FOR LOW AND MODERATE INCOME PEOPLE THROUGH PARTNERSHIPS WITH OUR MEMBER ORGANIZATIONS, THE BUSINESS SECTOR, GOVERNMENT, AND PHILANTHROPIC INSTITUTIONS. 0 0 9718658 1712377 6303260 TO SUPPORT AND ADVOCATE COMMUNITY BASED EFFORTS FOR THE EXPANSION OF AFFORDABLE HOUSING OPPORTUNITIES AND THE REVITALIZATION OF COMMUNITIES. 9718658 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 27 0 54 1 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA MN X RANDY PARKER 6177201999 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 LAWRENCE SWANSON CHAIRMAN 1.00 X X 0 0 0 KATE MONTER-DURBAN DIRECTOR 1.00 X 0 0 0 MICHAEL PITCHFORD TREASURER 1.00 X X 0 0 0 ROBIN HUGHES VICE CHAIRMAN 1.00 X X 0 0 0 MICHAEL MULLIN DIRECTOR 1.00 X 0 0 0 CYNTHIA A PARKER DIRECTOR 1.00 X 0 0 0 TERRY SIMONETTE DIRECTOR 1.00 2.00 X 0 0 0 ALAN ARTHUR DIRECTOR 1.00 X 0 0 0 MATT FRANKLIN DIRECTOR 1.00 X 0 0 0 HIPOLITO ROLDAN DIRECTOR 1.00 X 0 0 0 JOHN O'CALLAGHAN DIRECTOR 1.00 X 0 0 0 PATRICIA BELDEN DIRECTOR 1.00 X 0 0 0 THOMAS BLEDSOE PRESIDENT AND CEO 40.00 2.00 X X 396000 0 52351 JOAN CARTY DIRECTOR 1.00 X 0 0 0 JANE GRAF DIRECTOR 1.00 2.00 X 0 0 0 JOSEPH NERI DIRECTOR 1.00 2.00 X 0 0 0 KATHY LABORDE DIRECTOR 1.00 2.00 X 0 0 0 DEBORAH WALSH CLERK AND EXECUTIVE VP, NE 40.00 X 278953 0 48047 RANDY PARKER CFO 40.00 X 265440 0 44870 REBECCA REGAN PRESIDENT, CAPITAL MARKETS 40.00 2.00 X 272550 0 27597 WILLIAM KELSEY PRESIDENT OF HPIEX 40.00 X 201250 0 41053 KATHLEEN FARRELL VP OF FINANCE 40.00 2.00 X 165394 0 33259 SONYA MAYS PRESIDENT AND CEO, DEVELOP DETROIT 40.00 X 225000 0 19055 KRISTIN SIGLIN VICE PRESIDENT, POLICY 40.00 X 176400 0 31116 DANIELLE SAMALIN VP HOMEOWNERSHIP INITIATIVES 40.00 X 173850 0 31708 2154837 0 329056 9 0 1 0 KROKIDAS & BLUESTEIN LLP 600 ATLANTIC AVENUE SUITE 1900 BOSTON MA 02210 LEGAL 171212 PAUL D FATE 2186 DOSWELL AVENUE ST PAUL MN 55108 CONSULTANT 102656 2 2007885 2303625 4311510 MANAGEMENT FEES 531390 3718627 3718627 PROGRAM SERVICE FEES 531390 844413 844413 MEMBERSHIP FEES 531390 784620 784620 LOAN FEES 531390 241797 241797 INTEREST ON LOANS 531390 159163 159163 5748620 11258 11258 SHARE OF INCOME OF AFF 531390 481090 481090 MISCELLANEOUS REVENUE 531390 73550 73550 554640 10626028 6303260 0 11258 X 1712377 1712377 1324595 1108845 161534 54216 3710680 2932018 633831 144831 244108 193781 31934 18393 397405 386672 10733 371488 254091 104822 12575 184414 184414 103755 81490 22265 1488141 1235468 177140 75533 208387 82637 123095 2655 160092 43716 116126 250 500057 398654 86975 14428 396038 366795 16042 13201 430576 419555 9539 1482 179432 179432 68567 54197 11993 2377 66553 61290 4531 732 COMMUNICATIONS 27924 9800 17966 158 DUES AND PUBLICATIONS 10579 10509 70 OTHER EXPENSES 2917 2917 11588085 9718658 1517793 351634 801523 912228 4867382 7065784 4001225 851440 1819124 755511 210750 221251 654390 403607 229970 250783 4943263 6412989 104371 8431 16977608 16478417 1602113 1194242 384994 336858 972513 397647 1493739 5272727 5272727 0 0 8232347 8695213 X 5069617 5887919 3675644 1895285 8745261 7783204 16977608 16478417 -962057 0 X X 0 1 X 1 1 1 X 9566358 10446239 5993825 7821035 4311510 38138967 9566358 10446239 5993825 7821035 4311510 38138967 11144679 26994288 660 2269 6709 10296 11258 31192 38170159 30437652 0.70720 0.73800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11934 0 1 0 0 0 0 1 11934 0 0 11934 0 PART II-B, LINE 1: THE HOUSING PARTNERSHIP NETWORK, INC. HAS STAFF MEMBERS AND A CONSULTANT THAT LOBBY IN SUPPORT OF OUR EFFORTS TO CREATE A MORE ENTREPRENEURIAL AND SUSTAINABLE AFFORDABLE HOUSING SECTOR THAT MORE EFFECTIVELY AND EFFICIENTLY USES SCARCE PUBLIC DOLLARS. 1 0 1493739 1493739 1 X 261410 114601 146809 392980 289006 103974 250783 INVESTMENT IN AFFILIATE 1872512 C LOANS RECEIVABLE 4540477 C 6412989 X PART IV, LINE 1B: THE NETWORK SOLICITS FUNDING AND HOLDS CASH FOR DEVELOP DETROIT, INC, A 501(C)3 NONPROFIT CORPORATION. PART IV, LINE 2B: THE NETWORK SOLICITS FUNDING AND HOLDS CASH FOR DEVELOP DETROIT, INC, A 501(C)3 NONPROFIT CORPORATION. PART X, LINE 2: THE NETWORK ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE NETWORK HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT DECEMBER 31, 2015. THE NETWORK'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. 1 ACTION-HOUSING INC 425 SIXTH AVENUE SUITE 950 PITTSBURGH PA 15219 250965469 501(C)(3) 75777 HOUSING COUNSELING, FORCLOSURE PROGRAMS AFFORDABLE HOUSING PARTNERSHIP 255 ORANGE STREET ALBANY NY 12210 141724900 501(C)(3) 48945 HOUSING COUNSELING, FORCLOSURE PROGRAMS CDC UTAH 501 EAST 1700 STREET SALT LAKE CITY UT 84105 870476889 501(C)(3) 39365 HOUSING COUNSELING, FORCLOSURE PROGRAMS CHAMPLAIN HOUSING TRUST 88 KING STREET BURLINGTON VT 05401 222536446 501(C)(3) 6120 HOUSING COUNSELING, FORCLOSURE PROGRAMS CHARLOTTE-MECKLENBURG HOUSING 4601 CHARLOTTE PARK DRIVE SUITE 350 CHARLOTTE NC 28217 561620516 501(C)(3) 129515 HOUSING COUNSELING, FORCLOSURE PROGRAMS CLEVELAND HOUSING NETWORK 2999 PAYNE AVENUE SUITE 306 CLEVELAND OH 44114 341346763 501(C)(3) 140840 HOUSING COUNSELING, FORCLOSURE PROGRAMS COLUMBUS HOUSING PARTNERSHIP 562 E MAIN STREET COLUMBUS OH 42315 311208260 501(C)(3) 110990 HOUSING COUNSELING, FORCLOSURE PROGRAMS COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE 901 E LEVEE ST BROWNSVILLE TX 78520 870476889 501(C)(3) 32151 HOUSING COUNSELING, FORCLOSURE PROGRAMS COMMUNITY HOUSING PARTNERS 448 DEPOT STREET NE CHRISTIANSBURG VA 24073 541023025 501(C)(3) 27025 HOUSING COUNSELING, FORCLOSURE PROGRAMS HAP INC 322 MAIN STREET SUITE 1 SPRINGFIELD MA 01105 042518368 501(C)(3) 70662 HOUSING COUNSELING, FORCLOSURE PROGRAMS HOUSING ASSISTANCE CORPORATION 460 WEST MAIN STREET HYANNIS MA 02601 237431255 501(C)(3) 45678 HOUSING COUNSELING, FORCLOSURE PROGRAMS HOUSING DEVELOPMENT FUND 100 PROSPECT STREET STAMFORD CT 06901 061276156 501(C)(3) 32000 HOUSING COUNSELING, FORCLOSURE PROGRAMS INDIANAPOLIS NEIGHBORHOOD HSG PARTNERSHIP 3550 NORTH WASHINGTON BLVD INDIANAPOLIS IN 46205 351742559 501(C)(3) 38234 HOUSING COUNSELING, FORCLOSURE PROGRAMS LONG ISLAND HOUSING PARTNERSHIP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112889068 501(C)(3) 51876 HOUSING COUNSELING, FORCLOSURE PROGRAMS METRO COMMUNITY DEVELOPMENT 503 S SAGINAW SUITE 804 FLINT MI 48502 383072010 501(C)(3) 35527 HOUSING COUNSELING, FORCLOSURE PROGRAMS METROPOLITAN BOSTON HOUSING PARTNERSHIP 125 LINCOLN STREET 5TH FLOOR BOSTON MA 02111 042775991 501(C)(3) 17694 HOUSING COUNSELING, FORCLOSURE PROGRAMS NEIGHBORHOOD DEVELOPMENT FOUNDATION 1429 SOUTH RAMPART STREET NEW ORLEANS LA 70113 581681468 501(C)(3) 18524 HOUSING COUNSELING, FORCLOSURE PROGRAMS NEW YORK MORTGAGE COALITION 50 BROAD STREET SUITE 1125 NEW YORK NY 10004 112451752 501(C)(3) 7740 HOUSING COUNSELING, FORCLOSURE PROGRAMS NHS OF CHICAGO 1279 N MILWAUKEE 4TH FLOOR CHICAGO IL 60642 237443009 501(C)(3) 40250 HOUSING COUNSELING, FORCLOSURE PROGRAMS NHS OF NEW YORK CITY 307 WEST 36TH ST 12TH FLOOR NEW YORK NY 10018 133098397 501(C)(3) 33181 HOUSING COUNSELING, FORCLOSURE PROGRAMS SANTA FE COMMUNITY HOUSING TRUST 1111 AGUA FRIA ST SANTA FE NM 87501 850392520 501(C)(3) 18800 HOUSING COUNSELING, FORCLOSURE PROGRAMS SOUTHWEST MINNESOTA HOUSING PARTNERSHIP 2401 BROADWAY AVENUE SUITE 4 SLAYTON MN 56172 411721815 501(C)(3) 11261 HOUSING COUNSELING, FORCLOSURE PROGRAMS ST AMBROSE HOUSING AID CENTER 321 EAST 25TH STREET BALTIMORE MD 21218 521729460 501(C)(3) 78560 HOUSING COUNSELING, FORCLOSURE PROGRAMS TARRANT COUNTY HOUSING PARTNERSHIP 3204 COLLINSWORTH STREET FORT WORTH TX 76107 752399903 501(C)(3) 39157 HOUSING COUNSELING, FORCLOSURE PROGRAMS FRAMEWORK LLC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 460888356 N/A 535051 HOUSING COUNSELING, FORCLOSURE PROGRAMS 24 25 PART I, LINE 2: THE HOUSING PARTNERSHIP NETWORK (HPN) ONLY MAKES GRANTS TO QUALIFIED ORGANIZATIONS THAT MEET THE CRITERIA OF SPECIAL CONTRACT AND GRANT PASS-THROUGHS OF HPN. THE ACCOUNTING DEPARTMENT AND PROGRAM MANAGERS MONITOR ALL GRANT ACTIVITY. X X 1 0 X X X 0 0 0 0 0 0 0 0 0 THOMAS BLEDSOE PRESIDENT AND CEO 348000 0 48000 0 0 0 29212 0 23139 0 448351 0 0 0 DEBORAH WALSH CLERK AND EXECUTIVE VP, NE 210000 0 31500 0 37453 0 23286 0 24761 0 327000 0 0 0 RANDY PARKER CFO 237000 0 28440 0 0 0 21819 0 23051 0 310310 0 0 0 REBECCA REGAN PRESIDENT, CAPITAL MARKETS 237000 0 35550 0 0 0 17356 0 10241 0 300147 0 0 0 WILLIAM KELSEY PRESIDENT OF HPIEX 175000 0 26250 0 0 0 20145 0 20908 0 242303 0 0 0 KATHLEEN FARRELL VP OF FINANCE 150394 0 15000 0 0 0 18649 0 14610 0 198653 0 0 0 SONYA MAYS PRESIDENT AND CEO, DEVELOP DETROIT 225000 0 0 0 0 0 8859 0 10196 0 244055 0 0 0 KRISTIN SIGLIN VICE PRESIDENT, POLICY 165000 0 11400 0 0 0 9430 0 21686 0 207516 0 0 0 DANIELLE SAMALIN VP HOMEOWNERSHIP INITIATIVES 160000 0 13850 0 0 0 8009 0 23699 0 205558 0 0 0 PART I, LINE 1A AN EMPLOYEE IS REIMBURSED $200 PER MONTH FOR BUSINESS USE OF PERSONAL RESIDENCE. HPN PAID $37,453 IN RENT PAYMENTS FOR DEBORAH WALSH, WHO IS AN OUT-OF-STATE EMPLOYEE. PART I, LINE 1B AN EMPLOYEE IS REIMBURSED $200 PER MONTH FOR BUSINESS USE OF PERSONAL RESIDENCE. HPN PAID $37,453 IN RENT PAYMENTS FOR DEBORAH WALSH, WHO IS AN OUT-OF-STATE EMPLOYEE. HOUSING PARTNERSHIP INSURANCE EXCHANGE (HPIEX) HPN HOLDS ONE SEAT ON THE BOARD OF HPIEX 785738 HPN HOLDS ONE SEAT ON THE BOARD OF DIRECTOR OF HPIEX. HPN HAS AN AGREEMENT WITH HPIEX TO PROVIDE MANAGEMENT SERVICES. DURING 2015, HPN EARNED MANAGEMENT FEES OF $785,738 FROM HPIEX FOR THE SERVICES PROVIDED. 0 HOUSING PARTNERSHIP EQUITY TRUST (HPET) HPN HOLDS ONE SEAT ON THE BOARD OF HPET 962812 HPN IS THE GENERAL MANAGER UNDER MANAGEMENT CONTRACT AND HOLDS ONE SEAT ON THE BOARD OF DIRECTORS OF HPET. HPN HAS AN AGREEMENT WITH HPET TO PROVIDE MANAGEMENT SERVICES. DURING 2015, HPN EARNED MANAGEMENT FEES OF $962,812 FROM HPET FOR THE SERVICES PROVIDED. 0 MORTGAGE RESOLUTION FUND (MRF) HPN IS ONE OF FOUR MEMBERS OF MRF 104250 HPN HOLDS ONE SEAT ON THE BOARD OF DIRECTORS, A 25% INTEREST IN MRF. HPN HAS AN AGREEMENT WITH MRF TO PROVIDE MANAGEMENT, PROGRAM AND PLACEMENT SERVICES. DURING 2015, HPN EARNED A FEE OF $104,250 FROM MRF FOR THE SERVICES PROVIDED. 0 FORM 990, PART VI, SECTION A, LINE 6 HPN SERVES AS A PEER NETWORK AND BUSINESS ALLIANCE FOR SOME OF THE NATIONS TOP-PERFORMING NONPROFIT HOUSING DEVELOPERS, OWNERS, LENDERS, AND HOUSING COUNSELORS. HPN HELPS THESE STRONG, ACCOMPLISHED ORGANIZATIONS INCREASE PRODUCTION AND IMPACT THROUGH A UNIQUE MEMBER-DRIVEN COOPERATIVE THAT SHARES KNOWLEDGE AND INNOVATION, POOLS RESOURCES TO ACCESS THE CAPITAL MARKETS MORE EFFICIENTLY, AND SHAPES POLICY THAT REFLECTS AND ENHANCES THEIR PRACTICE. FORM 990, PART VI, SECTION A, LINE 7A NONE OF THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS SUBMITTED TO THE AUDIT AND FINANCE COMMITTEE FOR REVIEW AND THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURE IS USED AND IF ANY ISSUES ARISE THE BOARD IS NOTIFIED. IF ISSUES ARISE, THE BOARD MEMBER INVOLVED WILL RECUSE THEMSELVES FROM THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE QUATT STUDY: THIS IS A REVIEW OF THE OVERALL COMPETITIVENESS AND STRUCTURE OF THE HOUSING PARTNERSHIP NETWORK'S EXECUTIVE COMPENSATION PROGRAM. THE STUDY WAS COMPLETED IN 2015. FORM 990, PART VI, SECTION C, LINE 19 BY MEANS OF THE INTERNET AND UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 1,228,334. MANAGEMENT AND GENERAL EXPENSES 88,324. FUNDRAISING EXPENSES 75,402. TOTAL EXPENSES 1,392,060. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 1,538. MANAGEMENT AND GENERAL EXPENSES 88,807. FUNDRAISING EXPENSES 131. TOTAL EXPENSES 90,476. OTHER: PROGRAM SERVICE EXPENSES 5,596. MANAGEMENT AND GENERAL EXPENSES 9. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,605. FORM 990, PART XII, LINE 2C HPN DID NOT CHANGE ITS FINANCIAL OVERSIGHT PROCESS AS OF DECEMBER 31, 2015. HPV HOLDINGS LLC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 REAL ESTATE HOLDINGS MA 0 0 HOUSING PARTNERSHIP VENTURES THE HOUSING PARTNERSHIP FUND INC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 043484336 FINANCING & LENDING MA 501(C)(3) 9 HOUSING PARTNERSHIP NETWORK 1 THE HOUSING PARTNERSHIP VENTURES INC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 200809596 LOAN & OTHER FUNDING ALTERNATIVES MA 501(C)(3) 11A HOUSING PARTNERSHIP NETWORK 1 FRAMEWORK HOMEOWNERSHIP LLC ONE WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 040888356 ONLINE HOMEOWNERSHIP COUNSELING AND EDUCATION SERVICES DE NONE RELATED 266661 523340 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 THE HOUSING PARTNERSHIP FUND INC L 209700 CONTRACT VALUE SCHEDULE R SUPPLEMENTAL THE HOUSING PARTNERSHIP NETWORK HAS OFFICERS AND BOARD MEMBERS THAT ARE ALSO OFFICERS OR BOARD MEMBERS OF RELATED ORGANIZATIONS. SOME OF THESE RELATED ORGANIZATIONS ARE CONTROLLED OPERATING AFFILIATES OF HPN. OTHERS ARE NONPROFIT OR FOR-PROFIT VENTURES WHICH WERE CREATED BY HPN, OR WITH ITS ASSISTANCE TO CARRY OUT MISSION-RELATED BUSINESS INITIATIVES SPONSORED BY HPN AND ITS MEMBERS. NO SHARED BOARD MEMBERS HAVE INDIVIDUAL FINANCIAL INTEREST IN ANY OF THESE ORGANIZATIONS OTHER THAN SALARY AND BENEFITS FROM THE HOUSING PARTNERSHIP NETWORK. ALL TRANSACTIONS CONDUCTED BETWEEN ENTITIES ARE NORMAL BUSINESS TRANSACTIONS FOR THE HOUSING PARTNERSHIP NETWORK. TRANSACTIONS WITH FOR-PROFIT ENTITIES IN WHICH HPN HAS A GOVERANCE ROLE ARE DISCUSSED IN SCHEDULE L.