2016-08-24T16:54:27-05:00 2015-12-31 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2015-01-01 453690894 ORCHARD PLACE NONPROFIT HOUSING CORP ORCH 3126026500 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 hipolito ROLDAN PRESIDENT 3126026500 2016-08-18 1 Kimberly A Haumann P00546491 3122071040 2016-08-18 2015 2016-12-15 16:53:06Z hipolito ROLDAN 325 N WELLS ST 8TH FLOOR CHICAGO IL 60654 1248180 0 X N/A X 2011 MI TO PROVIDE SAFE, DECENT AND SANITARY RENTAL HOUSING FOR LOW AND MODERATE INCOME TENANTS. 2 1 5 2 0 0 0 0 1178066 1213082 0 10 31681 35088 1209747 1248180 0 0 0 0 164702 198500 0 0 0 1055038 922480 1219740 1120980 -9993 127200 5569450 5731687 5522364 5557401 47086 174286 TO PROVIDE SAFE, DECENT AND SANITARY RENTAL HOUSING FOR LOW AND MODERATE INCOME TENANTS. 0 0 1120980 1248170 THE CORPORATION OPERATES AN APARTMENT COMPLEX LOCATED IN GRAND RAPIDS, MICHIGAN AND OCCUPIED BY LOW INCOME TENANTS. 169 FAMILIES WERE SERVED IN 2015. THE SPONSOR OF THIS PROJECT IS HISPANIC HOUSING DEVELOPMENT CORPORATION, WHICH IS AN EXEMPT ORGANiZATION. 0 0 0 0 0 0 1120980 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Laura L Selby 3126026500 325 N Wells 8th FLoor Chicago IL 60654 HIPOLITO ROLDAN PRESIDENT/DIRECTOR 0.20 39.80 X X 0 451474 69235 SOL FLORES SECRETARY/TREASURER 0.30 1.70 X X 0 0 0 ASSIR R DASILVA DIRECTOR (THROUGH 12-3-15) 0.30 1.70 X X 0 0 0 LAURA L SELBY HHDC CFO, COO 0.20 39.80 X 0 239667 48453 DILIA SAEEDI HHDC VP PROPERTY MANAGEMENT 0.20 39.80 X 0 175399 38862 PAUL MITTLEMAN HHDC VP ACQUISITION/ASSET MANAGEMENT 0.20 39.80 X 0 192492 34158 MARITZA HERNANDEZ HHDC CONTROLLER 0.20 39.80 X 0 102366 27315 ANNETTE ZEMLAN HHDC DIRECTOR OF PROPERTY MGMT OPERATIONS 0.20 39.80 X 0 113864 25059 0 1275262 243082 0 0 1 0 0 RENTAL INCOME 531110 1213082 1213082 1213082 10 10 MISCELLANEOUS 900099 23849 23849 LATE FEES 900099 9705 9705 FORFEITED SECURITY DEP 900099 1534 1534 35088 1248180 1248170 0 10 130185 130185 57938 57938 10377 10377 62906 62906 12986 12986 9836 9836 7811 7811 38684 38684 327357 327357 231897 231897 161502 161502 65499 65499 Bank charges 3197 3197 BAD DEBT 805 805 1120980 1120980 0 0 95800 221244 36947 40022 8120 3129 5689547 473690 5316432 5215857 112151 251435 5569450 5731687 48699 80623 5292341 5286651 181324 190127 5522364 5557401 X 47086 174286 47086 174286 5569450 5731687 127200 0 X 0 1 X 1 1 1 X 202936 1033126 1117049 1178066 1213082 4744259 202936 1033126 1117049 1178066 1213082 4744259 0 0 0 4744259 4 10 14 4 10 14 241 9361 14447 31681 35088 90818 203181 1042487 1131496 1209747 1248180 4835091 0.98120 0.00000 X 550000 550000 4950000 433125 4516875 84213 7741 76472 105334 32824 72510 5215857 TENANT SECURITY DEPOSITS 64992 TENANT PREPAID RENTS 135 due to hhdc 125000 190127 X 1248180 0 1248180 0 1248180 1120980 0 1120980 0 1120980 Part X, Line 2: Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Corporation and recognize a tax liability if the Corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Corporation and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012. 0 0 0 0 0 0 0 0 0 HIPOLITO ROLDAN PRESIDENT/DIRECTOR 0 357264 0 94210 0 0 0 42447 0 26788 0 520709 0 0 LAURA L SELBY HHDC CFO, COO 0 179411 0 60256 0 0 0 35950 0 12503 0 288120 0 0 DILIA SAEEDI HHDC VP PROPERTY MANAGEMENT 0 145460 0 29939 0 0 0 26310 0 12552 0 214261 0 0 PAUL MITTLEMAN HHDC VP ACQUISITION/ASSET MANAGEMENT 0 132437 0 60055 0 0 0 21655 0 12503 0 226650 0 0 Part I, Line 3 COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY A RELATED ORGANIZATION, HISPANIC HOUSING DEVELOPMENT CORPORATION. THE ORGANIZATION HIRED AN INDEPENDENT CONSULTANT TO CONDUCT A COMPARATIVE SALARY SURVEY WITH OTHER ORGANIZATIONS AND PUBLICATIONS ON A RECURRING CYCLE. Form 990, Part VI, Section B, line 11 The board retains the services of an independent CPA firm to prepare the organization's Form 990. Management reviews the completed Form 990 and provides a full copy to all voting members of the governing body prior to filing. The governing body is provided a reasonable amount of time to review the return and ask questions directly to organization management or the contact at the independent CPA firm prior to filing. Form 990, Part VI, Section B, line 12c ORCHARD PLACE'S CONFLICT OF INTEREST POLICY IS ADDRESSED IN THE BUSINESS ETHICS PORTION OF THEIR HANDBOOK. IN 2015 THIS PORTION OF THE POLICY & PROCEDURES MANUAL WAS PART OF HHDC TRAINING FOR ALL ITS EMPLOYEES. ATTENDANCE WAS DOCUMENTED AND EMPLOYEES WERE ASKED TO SIGN A POLICY & PROCEDURES MANUAL RECEIPT ACKNOWLEDGEMENT FORM. Form 990, Part VI, Section B, line 15 COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY A RELATED ORGANIZATION, HISPANIC HOUSING DEVELOPMENT CORPORATION. THE ORGANIZATION HIRED AN INDEPENDENT CONSULTANT TO CONDUCT A COMPARATIVE SALARY SURVEY WITH OTHER ORGANIZATIONS AND PUBLICATIONS ON A RECURRING CYCLE. Form 990, Part VI, Section C, line 19 ORCHARD PLACE NFP HOUSING CORP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. HISPANIC HOUSING NORTH AND PULASKI LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 273722347 RENTAL REAL ESTATE IL HISPANIC HOUSING DEVELOPMENT CORPORATION HISPANIC HOUSING NT III LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 453266272 RENTAL REAL ESTATE IL HISPANIC HOUSING DEVELOPMENT CORPORATION HISPANIC HOUSING CICERO & GEORGE LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 300834938 RENTAL REAL ESTATE IL HISPANIC HOUSING DEVELOPMENT CORPORATION SQUIRE VILLAGE PRESERVATION II LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 263787870 RENTAL REAL ESTATE IL SQUIRE VILLAGE PRESERVATION NFP 1411-23 SHIELDS LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 800856081 RENTAL REAL ESTATE IL HISPANIC HOUSING DEVELOPMENT CORPORATION 1723-33 NORTH HUMBOLDT LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 203583613 RENTAL REAL ESTATE IL HISPANIC HOUSING DEVELOPMENT CORPORATION 3550 LYNDALE LLC 325 N WELLS STREET 8TH FLOOR CHICAGO IL 60654 320340934 RENTAL REAL ESTATE IL HISPANIC 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0 0 0 0 HISPANIC HOUSING DEVELOPMENT CORPORATION M 62906 COST HISPANIC HOUSING DEVELOPMENT CORPORATION E 5286651 LOAN BALANCE