FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC (EIN 20-2563055)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-08
IRS object ID
201633139349301693
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-08T13:39:21-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581367012PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HLB GROSS COLLINS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13330 CUMBERLAND BOULEVARD 900AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN202563055EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION FOR AFFORDABLE RENTAL HOUSINGBusinessNameLine1Txt
Business Name Line2HOLDINGS INC F/K/A FARH-LAMPLIGHTER AFFBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFOUNBusinessNameControlTxt
Phone7704331711PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13330 CUMBERLAND BLVD SUITE 900AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT BAROLAKPersonNm
Person TitlePRINCIPALPersonTitleTxt
Phone7704331711PhoneNum
Signature2016-11-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCYNTHIA GIBBSPreparerPersonNm
PTINP01281543PTIN
Phone7704331711PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRUCE BOLICKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1152 W 57TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$15,865,155GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionPROVIDE LOW INCOME HOUSINGActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,086,510PYContributionsGrantsAmt
CY Contributions Grants$1,375,000CYContributionsGrantsAmt
PY Program Service Revenue$2,481,191PYProgramServiceRevenueAmt
CY Program Service Revenue$13,204,948CYProgramServiceRevenueAmt
PY Investment Income$1,203PYInvestmentIncomeAmt
CY Investment Income$24,577CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$1,260,630CYOtherRevenueAmt
PY Total Revenue$11,568,904PYTotalRevenueAmt
CY Total Revenue$15,865,155CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,741,661PYOtherExpensesAmt
CY Other Expenses$14,772,849CYOtherExpensesAmt
PY Total Expenses$2,741,661PYTotalExpensesAmt
CY Total Expenses$14,772,849CYTotalExpensesAmt
PY Revenues Less Expenses$8,827,243PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,092,306CYRevenuesLessExpensesAmt
Total Assets BOY$60,433,964TotalAssetsBOYAmt
Total Assets EOY$151,666,453TotalAssetsEOYAmt
Total Liabilities BOY$51,606,721TotalLiabilitiesBOYAmt
Total Liabilities EOY$141,749,215TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,827,243NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,917,238NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE LOW INCOME HOUSING.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,267,291ExpenseAmt
Revenue$2,232,904RevenueAmt
DescTHE COMMANDER PLACE APARTMENT COMPLEX, LOCATED AT 5301 COMMANDER DRIVE, ORLANDO, FL, 32822, HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,597,387ExpenseAmt
Revenue$2,505,993RevenueAmt
DescTHE PARK AT FALLBROOK, LOCATED AT 10155 BAMMEL NORTH HOUSTON ROAD, HOUSTON, TX, 77086, HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,720,888ExpenseAmt
Revenue$2,565,009RevenueAmt
DescTHE SABAL CHASE APARTMENT COMPLEX, LOCATED AT 100 CORNER DRIVE, FORT PIERCE, FL, 34947, HAS 340 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtRevenueRevenueAmtDescDesc
$7,187,283$5,985,149TO PROVIDE LOW-INCOME HOUSING.
-$84,107THE PARK VILLAGE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$7,187,283TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$5,901,042TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$14,772,849TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document91IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing AddressYes (1)OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREYSTONE PROPERTY MANAGEMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3175940204PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18383 CRAIG STREET SUITE 240AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46250ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JOSEPH E THOMAS III
DIRECTOR1.001.00Yes (X)$0$0$0
TERENCE SCHWARTZ
DIRECTOR1.001.00Yes (X)$0$0$0
STEPHEN ROSENBERG
VP/SECRETARY1.001.00Yes (X)$0$0$0Yes (X)
LISA LIFSHITZ
VP/ASST. SECRETARY1.001.00Yes (X)$0$0$0Yes (X)
KENNETH ROGOZINSKI
DIRECTOR1.001.00Yes (X)$0$0$0
ROBERT BAROLAK
PRESIDENT/TREASURER1.001.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GREYSTONE PROPERTY MANAGEMENT CORP
8383 CRAIG STREET STE 240INDIANAPOLISIN46250PAYROLL CONTRACTING$2,195,615
ECO CONSTRUCTION AND MAINTENANCE MANAGEM
39 SKYLINE DRIVELAKE MARYFL32746CONSTRUCTION$981,706
FT PIERCE UTILITIES AUTHORITY
206 SOUTH 6TH STREETFORT PIERCEFL34950SATER/SEWER ELECTRIC$299,945
HD SUPPLY FACILITIES MAINTENANCE
PO BOX 509058SAN DIEGOCA92150MAINTENANCE SUPPLY VENDOR$267,778
CHADWELL SUPPLY
4907 JOANNE KEARNEY BLVDTAMPAFL33619MAINTENANCE SUPPLY VENDOR$257,069
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K13CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,375,000AllOtherContributionsAmt
Total Contributions$1,375,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531110$12,455,641$12,455,641
ANCILLARY INCOME531110$749,307$749,307
FieldValueIRS element (for citing)
Total Program Service Revenue$13,204,948TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,577TotalRevenueColumnAmt
Exclusion$24,577ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,260,630TotalRevenueColumnAmt
Exclusion$1,260,630ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,260,630OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,865,155TotalRevenueColumnAmt
Related Or Exempt Func Income$13,204,948RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,285,207ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$463,255TotalAmt
Program Services$463,255ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$74,568TotalAmt
Program Services$74,568ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$45,952TotalAmt
Program Services$45,952ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$85,629TotalAmt
Program Services$85,629ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$69,873TotalAmt
Program Services$69,873ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,836TotalAmt
Program Services$10,836ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$4,919TotalAmt
Program Services$4,919ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,411,672TotalAmt
Program Services$2,411,672ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,889,050TotalAmt
Program Services$5,889,050ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$648,933TotalAmt
Program Services$648,933ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CONTRACT LABOR$1,636,859$1,636,859
UTILITIES$1,259,747$1,259,747
EQUIPMENT RENTAL & MAIN$1,069,272$1,069,272
PROPERTY TAXES$564,014$564,014

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$538,270TotalAmt
Program Services$538,270ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,772,849TotalAmt
Program Services$14,772,849ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,524,820BOYAmt
EOY$3,890,564EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$36,200BOYAmt
EOY$121,239EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$950,000BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$299,420BOYAmt
EOY$643,957EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$128,871,282LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,966,302LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$47,960,844BOYAmt
EOY$122,904,980EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$36,287EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$597,559BOYAmt
EOY$1,355,682EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$6,065,121BOYAmt
EOY$22,713,744EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$60,433,964BOYAmt
EOY$151,666,453EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$637,054BOYAmt
EOY$2,109,372EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$50,969,667BOYAmt
EOY$139,639,843EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,606,721BOYAmt
EOY$141,749,215EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$8,827,243BOYAmt
EOY$9,917,238EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,827,243BOYAmt
EOY$9,917,238EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$60,433,964BOYAmt
EOY$151,666,453EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,092,306ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$2,311PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$9,086,510CurrentTaxYearMinus1YearAmt
Current Tax Year$1,375,000CurrentTaxYearAmt
Total$10,461,510TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$489,858CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,448,518CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$2,481,191CurrentTaxYearMinus1YearAmt
Current Tax Year$13,204,948CurrentTaxYearAmt
Total$17,624,515TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$489,858CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,448,518CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$11,567,701CurrentTaxYearMinus1YearAmt
Current Tax Year$14,579,948CurrentTaxYearAmt
Total$28,086,025TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$28,086,025PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$231CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$1,203CurrentTaxYearMinus1YearAmt
Current Tax Year$24,577CurrentTaxYearAmt
Total$26,012TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$231CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$1,203CurrentTaxYearMinus1YearAmt
Current Tax Year$24,577CurrentTaxYearAmt
Total$26,012TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$1,260,630CurrentTaxYearAmt
Total$1,260,630TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$490,089CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,448,519CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$11,568,904CurrentTaxYearMinus1YearAmt
Current Tax Year$15,865,155CurrentTaxYearAmt
Total$29,372,667TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.95620PublicSupportCY509Pct
Public Support PY5090.99990PublicSupportPY509Pct
Investment Income CY0.00090InvestmentIncomeCYPct
Investment Income PY0.00010InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,329,219OtherCostOrOtherBasisAmt
Book Value$10,329,219BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$91,199,073OtherCostOrOtherBasisAmt
Depreciation$2,516,745DepreciationAmt
Book Value$88,682,328BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,947,473OtherCostOrOtherBasisAmt
Depreciation$1,744,501DepreciationAmt
Book Value$17,202,972BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,395,517OtherCostOrOtherBasisAmt
Depreciation$1,705,056DepreciationAmt
Book Value$6,690,461BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$122,904,980TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
RESERVES AND ESCROW$20,595,747
DEPOSITS$900,971
OTHER ASSETS$63,422
EARNEST MONEY$1,153,604
FieldValueIRS element (for citing)
Total Book Value Other Assets$22,713,744TotalBookValueOtherAssetsAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonSTEPHEN ROSENBERGPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionDIRECTOR & OFFICERRelationshipDescriptionTxt
Transaction$2,195,615TransactionAmt
TransactionGREYSTONE PROPERTY MANAGEMENT IS A VENDOR TO THE ORGANIZATION AND IS OWNED BY STEPHEN ROSENBERG.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2PURCHASED APARTMENT COMPLEXES TO PROVIDE LOW INCOME HOUSING.
FORM 990, PART III, LINE 2, NEW PROGRAM SERVICESTHE ORGANIZATION PURCHASED AND BEGAN THE OPERATION OF SEVEN LOW-INCOME HOUSING PROPERTIES, AND ALSO PURCHASED A PARTNERSHIP INTEREST IN ONE LOW-INCOME HOUSING PROPERTY DURING 2015.
FORM 990, PART VI, SECTION A, LINE 2STEPHEN ROSENBERG AND LISA LIFSHITZ ARE SIBLINGS.
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO GREYSTONE PROPERTY MANAGEMENT.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION IS A NON STOCK CORPORATION AND FOUNDATION FOR AFFORDABLE RENTAL HOUSING, INC. IS ITS SOLE MEMBER.
FORM 990, PART VI, SECTION A, LINE 7ATHE ORGANIZATION'S MEMBER ELECTS THE OFFICERS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7BIN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS, CERTAIN TRANSACTIONS REQUIRE THE APPROVAL OF THE ORGANIZATION'S SINGLE MEMBER
FORM 990, PART VI, SECTION B, LINE 11FORM 990 IS PREPARED BY HLB GROSS COLLINS, P.C., AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. FORM 990 IS THEN PROVIDED TO MANAGEMENT FOR THEIR REVIEW, APPROVAL, AND SIGNATURE. FORM 990 IS TYPICALLY ELECTRONICALLY FILED AFTER MANAGEMENT REVIEWS AND PROVIDES AN ELECTRONIC FILING SIGNATURE DOCUMENT TO TAX PREPARER.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PERSONS UPON REQUEST.
FORM 990, PART VI, SECTION A, LINE 9JOSEPH E. THOMAS, III - 5025 WILDEOAK TRAIL, DOUGLASVILLE, GA 30135 TERENCE SCHWARTZ - 35 MONTROSE ROAD, SCARSDALE, NY 10583 STEPHEN ROSENBERG - 191 GRANDVIEW AVENUE, MONSEY, NY 10952 LISA LIFSHITZ - 152 W 57TH STREET, NEW YORK, NY 10019 KENNETH ROGOZINSKI - 1 PINECREST ROAD, RIVERSIDE, CT 06878 ROBERT BAROLAK - 152 W 57TH STREET, NEW YORK, NY 10019
FORM 990, PART VIIJOSEPH E. THOMAS, III - 5025 WILDEOAK TRAIL, DOUGASVILLE, GA 30135. TERENCE SCHWARTZ - 35 MONTROSE ROAD, SCARSDALE, NY 10583. STEPHEN ROSENBERG - 191 GRANDVIEW AVENUE, MONSEY, NY 10952. LISA LIFSHITZ - 152 W 57TH STREET, NEW YORK, NY 10019. KENNETH ROGOZINSKI - 1 PINECREST ROAD, RIVERSIDE, CT 06878. ROBERT BAROLAK - 152 W 57TH STREET, NEW YORK, NY 10019.
FORM 990, PART IX, LINE 22ANOT FOR PROFIT ENTITIES ARE NOT REQUIRED TO FOLLOW MACRS DEPRECIATION METHODS. FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS DECIDED TO USE ACRS DEPRECIATION METHODS FOR TAX REPORTING PURPOSES. BELOW IS A SUMMARY OF THE 2015 ASSET ADDITIONS. - 3 YEAR ASSETS S/L - BASIS - $9,880,944 A/D - $2,195,709 - 5 YEAR ASSETS S/L - BASIS - $3,034,720 A/D - $534,920 - 15 YEAR ASSETS S/L - BASIS - $14,427,326 A/D - $718,928 - 27.5 YEAR ASSETS S/L - BASIS - $91,199,073 A/D - $2,516,745

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (13 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
ST LUCIE HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$134,959$8,211,931FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
ARBOR POINTE HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$205,693$8,308,036FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
COMMANDER HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$34,341$15,392,045FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
PEMBERLY PALMS HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$150,928$10,585,845FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
SABAL CHASE HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE$1,105,341$15,705,614FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
COVE CROSSING HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$37,651$7,477,786FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
FALLBROOK HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$90,233$16,898,715FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
FOREST CREEK HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$44,569$14,283,520FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
GLADDEN HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$30,692$15,963,514FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
TOWN CENTRE HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE-$346,023$9,664,620FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
WILLOW CREEK HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE$7,080$10,205,839FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
PARK VILLAGE HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE$0$0FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
BRAZOS VILLAGE HARMONY HOUSING LLC
3330 CUMBERLAND BLVD STE 900ATLANTAGA30339TO PROVIDE LOW INCOME HOUSING.DE$0$0FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
FARH FOX LAKE
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339202562976TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
FARH GREENBRIAR
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339202563022TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
FARH NEWELL CREST FKA FARH OAK CROSSING
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339203866280TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
FARH DEERFIELD FKA FARH ROCKSHIRE
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339203866388TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
FOUNDATION FOR AFFORDABLE RENTAL HOUSING INC
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339202743344TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
FARH SOUTH
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339203865882TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
FARH WEST
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339203866094TO PROVIDE LOW INCOME HOUSINGDE501(C)(3)509(A)(2)N/A0
GULF COAST HOUSING ASSISTANCE
3330 CUMBERLAND BLVD SUITE 900ATLANTAGA30339742817930TO PROVIDE LOW INCOME HOUSINGTX501(C)(3)509(A)(2)N/A0
FSRTENNESSEE AFFORDABLE HOUSING FOUNDATION
6629 SPRING STDOUGLASVILLEGA30134621661272TO PROVIDE LOW INCOME HOUSINGTN501(C)(3)509(A)(2)N/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PARK VILLAGE OTM HARMONY LPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13330 CUMBERLAND BLVDAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd
FieldValueIRS element (for citing)
EIN320465046EIN
Primary ActivitiesREAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateTXLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Share Of Total Income-$83,364ShareOfTotalIncomeAmt
Share Of EOY Assets$10,189,231ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership1.00000OwnershipPct
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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