AMERICAN VILLAGE COMMUNITIES INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN VILLAGE COMMUNITIES INC (EIN 52-1822533)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-14
- IRS object ID
- 201633199349300128
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-14T07:15:21-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 610484308 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELENKEN CPAS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 WEST MARKET STREET SUITE 200 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 402022757 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521822533 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL HOUSING CORPORATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DANI | BusinessNameControlTxt |
| Phone | 7035910288 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3937C UNIVERSITY DRIVE | AddressLine1Txt |
| City | FAIRFAX | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22030 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRANT BABER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7035910288 | PhoneNum |
| Signature | 2016-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROY C HOAGLAND III CPA | PreparerPersonNm |
| PTIN | P00082091 | PTIN |
| Phone | 5025853251 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRANT BABER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3937C UNIVERSITY DRIVE | AddressLine1Txt |
| City | FAIRFAX | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,439,304 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 3342 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | PROVIDES AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $58,490 | PYContributionsGrantsAmt |
| CY Contributions Grants | $47,091 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,299,977 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,367,465 | CYProgramServiceRevenueAmt |
| PY Investment Income | $11,387 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,224 | CYInvestmentIncomeAmt |
| PY Other Revenue | $11,179 | PYOtherRevenueAmt |
| CY Other Revenue | $16,524 | CYOtherRevenueAmt |
| PY Total Revenue | $3,381,033 | PYTotalRevenueAmt |
| CY Total Revenue | $3,439,304 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $472,686 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $502,199 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,644,581 | PYOtherExpensesAmt |
| CY Other Expenses | $2,732,008 | CYOtherExpensesAmt |
| PY Total Expenses | $3,117,267 | PYTotalExpensesAmt |
| CY Total Expenses | $3,234,207 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $263,766 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $205,097 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,184,454 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,436,970 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,645,551 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,692,970 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,538,903 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,744,000 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DANIEL HOUSING CORPORATION, A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION IN ACCORDANCE WITH SECTION 501(C)(3) OF THE IRC WAS ORGANIZED TO OWN AND OPERATE A 220 UNIT APARTMENT COMPLEX FOR LOW-INCOME AND VERY LOW-INCOME ELDERLY AND HANDICAPPED PERSONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,780,597 | ExpenseAmt |
| Revenue | $3,383,989 | RevenueAmt |
| Desc | PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS. | Desc |
| Total Program Service Expenses | $2,780,597 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAT BESSETTE QUANTUM REAL ESTATE M | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3018160800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5101 RIVER ROAD SUITE 101 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20816 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| BRANT BABER | |||||||
| PRESIDENT/DIRECTOR | 5.00 | 35.00 | Yes (X) | Yes (X) | $0 | $275,000 | $234,073 |
| MARGARET P BESSETTE | |||||||
| DIRECTOR & SECRETARY/TREAS | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KATHY GUY | |||||||
| DIRECTOR | 0.80 | Yes (X) | $0 | $0 | $0 | ||
| KATHERINE KALINOWSKI | |||||||
| VICE PRES/DIRECTOR | 3.00 | 37.00 | Yes (X) | Yes (X) | $0 | $185,000 | $147,400 |
| GEORGE S TYLER IV | |||||||
| DIRECTOR | 0.80 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $460,000 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $381,473 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUANTUM REAL ESTATE MANAGEMENT LLC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5101 RIVER ROAD | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20816 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | MANAGEMENT AGENT | ServicesDesc |
| Compensation | $167,696 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $47,091 | GovernmentGrantsAmt |
| Total Contributions | $47,091 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL REAL ESTATE | 531110 | $3,396,054 | $3,396,054 |
| VACANCIES AND ALLOWANC | 531110 | -$28,589 | -$28,589 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,367,465 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,224 | TotalRevenueColumnAmt |
| Exclusion | $8,224 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LAUNDRY & VENDING | 531110 | $9,448 | $9,448 |
| MISCELLANEOUS | 531110 | $7,076 | $7,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $16,524 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,439,304 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,383,989 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,224 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,354 | TotalAmt |
| Program Services | $353,354 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,157 | TotalAmt |
| Program Services | $93,157 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,688 | TotalAmt |
| Program Services | $55,688 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,696 | TotalAmt |
| Management And General | $167,696 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,102 | TotalAmt |
| Management And General | $3,102 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,600 | TotalAmt |
| Management And General | $14,600 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,053 | TotalAmt |
| Program Services | $9,053 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,550 | TotalAmt |
| Program Services | $32,550 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,255,052 | TotalAmt |
| Program Services | $1,255,052 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $589,134 | TotalAmt |
| Program Services | $589,134 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CONTRACTS | $254,743 | $254,743 | |
| LENDER/SERVICER/ISSUER | $143,212 | $143,212 | |
| CHARITABLE CONTRIBUTION | $100,000 | $100,000 | |
| MISC OPERATING & MAINTE | $51,551 | $51,551 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,315 | TotalAmt |
| Program Services | $86,315 | ProgramServicesAmt |
| Management And General | $25,000 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,234,207 | TotalAmt |
| Program Services | $2,780,597 | ProgramServicesAmt |
| Management And General | $453,610 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $874,579 | BOYAmt |
| EOY | $475,964 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,908,160 | BOYAmt |
| EOY | $2,349,830 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,855 | BOYAmt |
| EOY | $11,636 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $790,690 | BOYAmt |
| EOY | $858,915 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $18,235,629 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,640,707 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,445,952 | BOYAmt |
| EOY | $10,594,922 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,218 | BOYAmt |
| EOY | $145,703 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,184,454 | BOYAmt |
| EOY | $14,436,970 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,879 | BOYAmt |
| EOY | $648,081 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,363 | BOYAmt |
| EOY | $22,458 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,270,000 | BOYAmt |
| EOY | $10,945,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,309 | BOYAmt |
| EOY | $77,431 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,645,551 | BOYAmt |
| EOY | $11,692,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,538,903 | BOYAmt |
| EOY | $2,744,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,538,903 | BOYAmt |
| EOY | $2,744,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,184,454 | BOYAmt |
| EOY | $14,436,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $205,097 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $52,771 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $45,660 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $55,689 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $58,490 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $47,091 | CurrentTaxYearAmt |
| Total | $259,701 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,069,740 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,209,501 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,249,258 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,311,156 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,383,989 | CurrentTaxYearAmt |
| Total | $16,223,644 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,122,511 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,255,161 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,304,947 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,369,646 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,431,080 | CurrentTaxYearAmt |
| Total | $16,483,345 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $16,483,345 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,683 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $520 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,387 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,224 | CurrentTaxYearAmt |
| Total | $65,799 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,683 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $520 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,387 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,224 | CurrentTaxYearAmt |
| Total | $65,799 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,158,496 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,264,844 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,305,467 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,381,033 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,439,304 | CurrentTaxYearAmt |
| Total | $16,549,144 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99600 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99430 | PublicSupportPY509Pct |
| Investment Income CY | 0.00400 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00570 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,455,450 | OtherCostOrOtherBasisAmt |
| Book Value | $2,455,450 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,494,215 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,471,488 | DepreciationAmt |
| Book Value | $8,022,727 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $182,272 | OtherCostOrOtherBasisAmt |
| Depreciation | $99,403 | DepreciationAmt |
| Book Value | $82,869 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $103,692 | OtherCostOrOtherBasisAmt |
| Depreciation | $69,816 | DepreciationAmt |
| Book Value | $33,876 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,594,922 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TENANT SECURITY DEPOSITS | Desc |
| Amt | $77,431 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $77,431 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,439,304 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,439,304 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,439,304 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,234,207 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,234,207 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,234,207 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE TAXPAYER IS A TAX EXEMPT NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TAXPAYER'S FEDERAL FORMS 990 ARE GENERALLY OPEN TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRANT BABER | ||||||||||||||
| PRESIDENT/DIRECTOR | $0 | $275,000 | $0 | $0 | $0 | $0 | $0 | $214,077 | $0 | $19,996 | $0 | $509,073 | $0 | $0 |
| KATHERINE KALINOWSKI | ||||||||||||||
| VICE PRES/DIRECTOR | $0 | $185,000 | $0 | $0 | $0 | $0 | $0 | $127,404 | $0 | $19,996 | $0 | $332,400 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT (WHO ALSO IS A DIRECTOR) AND THE VICE PRESIDENT RECEIVE COMPENSATION ONLY FROM A RELATED EXEMPT ORGANIZATION, AMERICAN VILLAGE COMMUNITIES, INC., A VIRGINIA NONPROFIT CORPORATION AND SUPPORTING ORGANIZATION FOR TAXPAYER UNDER SEC 509(A)(3) OF THE IRC, BUT RECEIVES NO COMPENSATION FROM THE TAXPAYER. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HSG-EMERSON HOUSE APTS-SER A | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 521822533 | BondIssuerEIN |
| CUSIP | 741716BH6 | CUSIPNum |
| Bond Issued | 2005-03-23 | BondIssuedDt |
| Issue Price | $10,945,000 | IssuePriceAmt |
| Purpose | MULTIFAMILY HOUSING REVENUE SERIES 2005 A BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $10,945,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $245,502 | IssuanceCostsFromProceedsAmt |
| Working Capital Expenditures | $70,000 | WorkingCapitalExpendituresAmt |
| Capital Expenditures | $2,259,075 | CapitalExpendituresAmt |
| Substantial Completion | 2008 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | Yes (1) | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: HSG-EMERSON HOUSE APTS-SER A DATE THE REBATE COMPUTATION WAS PERFORMED: 06/03/2015 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUANTUM REAL ESTATE MANAGEMENT LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MANAGEMENT AGENT | RelationshipDescriptionTxt |
| Transaction | $167,696 | TransactionAmt |
| Transaction | MARGARET P. BESSETTE, WHO IS A DIRECTOR AND SECRETARY/TREASURER OF THE ORGANIZATION IS ALSO EMPLOYED BY QUANTUM REAL ESTATE MANAGEMENT, LLC WHICH IS THE ORGANIZATION'S MANAGEMENT COMPANY | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | PRESIDENT AND DIRECTOR JOHN BRANTLEY BABER HAS A FAMILY RELATIONSHIP WITH DIRECTOR AND VICE PRESIDENT KATHERINE KALINOWSKI. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DRAFT FORM 990 IS PREPARED BY THE CERTIFIED PUBLIC ACCOUNTANTS RETAINED BY THE TAXPAYER FOR THIS PURPOSE. THE FORM 990 IS REVIEWED BY THE TAXPAYER'S PRESIDENT, WHO DEALS WITH ALL FINANCING, CONTRACT AND CAPITAL EXPENDITURE ISSUES FOR THE TAXPAYER, BY THE TAXPAYER'S GENERAL COUNSEL, WHO DEALS WITH ALL LEGAL AND REGULATORY ISSUES FOR THE TAXPAYER, AND BY THE TAXPAYER'S INDEPENDENT ACCOUNTANT WHO HANDLES ALL PAYABLES AND RECEIVABLES FOR THE TAXPAYER. THE FORM 990 IS SENT IN DRAFT FORM TO ALL MEMBERS OF THE BOARD OF DIRECTORS WITH THE REQUEST TO PROVIDE COMMENTS OR POSE QUESTIONS. IF NECESSARY, A SPECIAL MEETING OF THE BOARD WILL BE CONVENED TO DISCUSS THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TAXPAYER'S CONFLICTS OF INTEREST AND COMPENSATION POLICY ("POLICY") IS STRAIGHT-FORWARD AND ADDRESSES THE DISCLOSURE AND RESOLUTION OF CONFLICTS OF INTEREST IN THE FOLLOWING MANNER: CONFLICTS OF INTEREST - WHEN ANY CONFLICTS OF INTEREST ARISE THEY ARE DEALT WITH IN ACCORD WITH THE POLICY, WHICH, INTER ALIA, PROVIDES: A. THE BOARD OF DIRECTORS IS REQUIRED TO DETERMINE ALTERNATIVES, IF ANY, TO THE PROPOSED TRANSACTION OR ARRANGEMENT WITH THE INTERESTED PERSON; B. THE BOARD IS REQUIRED TO DETERMINE WHETHER THE TAXPAYER CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY UNRELATED TO INTERESTED PERSON; AND, C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE WITH A PERSON OR ENTITY UNRELATED TO INTERESTED PERSON, THE BOARD IS REQUIRED TO DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE TAXPAYER'S BEST INTEREST AND FOR ITS PRINCIPAL BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE TAXPAYER AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | NO DIRECTOR, OFFICER OR KEY EMPLOYEE OF THE TAXPAYER RECEIVES ANY COMPENSATION FROM THE TAXPAYER. DIRECTORS BRANT BABER AND KATHERINE KALINOWSKI RECEIVE COMPENSATION ONLY FROM AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION AND SUPPORTING ORGANIZATION UNDER SECTION 509 (A)(3) OF THE IRC. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST, THE TAXPAYER SENDS THESE DOCUMENTS TO THE REQUESTING PARTY. IN ADDITION, THE GOVERNING DOCUMENTS ARE FILED WITH THE STATE OF INCORPORATION OF THE TAXPAYER. THE TAXPAYER'S AUDITED FINANCIAL STATEMENTS ARE FILED WITH THE NATIONALLY RECOGNIZED MUNICIPAL SECURITIES INFORMATION REPOSITORIES EACH YEAR. THE TAXPAYER'S AUDITED FINANCIAL STATEMENTS ARE ALSO FILED WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE HOUSING AUTHORITY OF PRINCE GEORGES COUNTY. |
| FORM 990 WORKSHEET, GOVERNING BODY AND MANAGEMENT SECTION: | FORM 990, PART VII SECTION A COLUMN (B): AVERAGE HOURS PER WEEK FOR THE OFFICERS ARE BASED ON ALLOCATING TIME SPENT ON MATTERS CONCERNING THE ORGANIZATION AS OFFICERS OR DIRECTORS OF THE ORGANIZATION AND/OR AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION AND THE PARENT OF THE ORGANIZATION PURSUANT TO A GROUP EXEMPTION PERMISSION AND A 509(A)(3) RULING. |
| FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (F) AND SCHEDULE J, PART II, | COLUMN (C): EFFECTIVE AS OF JANUARY 1, 2012, AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION ("AVC"), AMENDED AND RESTATED ITS DEFINED BENEFIT PENSION PLAN, ESTABLISHED IN 2008, TO INCREASE RETIREMENT BENEFITS FOR ALL EMPLOYEES OF AVC, AND TO EXTEND THE RETIREMENT AGE TO 65. AVC'S EMPLOYEES WERE 61 OR OLDER IN 2012, THEREBY NECESSITATING SIZEABLE ANNUAL DEPOSITS TO THE PLAN IN 2012 AND EACH SUBSEQUENT YEAR THROUGH 2018 WITHOUT PARTICIPATION OR VOTING BY ANY INTERESTED DIRECTOR. TOTAL COMPENSATION TO THE NAMED OFFICERS, INCLUDING THEIR RESPECTIVE INCREASES IN ACTUARIAL VALUES OF ASSETS ALLOCATED TO THEM IN THE PENSION PLAN, ARE SUPPORTED AS REASONABLE BY THE DECEMBER 2013 COMPARABILITY STUDY PREPARED BY A THIRD PARTY FOR AVC, WAS RECOMMENDED BY THE INDEPENDENT AVC COMPENSATION COMMITTEE AND WAS APPROVED BY THE AVC BOARD OF DIRECTORS WITHOUT PARTICIPATION OR VOTING BY ANY INTERESTED DIRECTOR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| AMERICAN VILLAGE COMMUNITIES | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 541614099 | PROVIDE SUPPORT FOR RELATED TAX-EXEMPT ORGANIZATIONS | VA | 501C3; 509A3 | LINE 9 | N/A | 0 |
| NEW MEXICO - AMERICAN HOUSING FOUNDATION INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 541684516 | OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | NM | 501C3 | LINE 9 | N/A | 0 |
| EL PASO - AMERICAN HOUSING FOUNDATION INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 742956645 | OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | TX | 501C3 | LINE 9 | N/A | 0 |
| METROPOLIS - AVC INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 743008137 | OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | TX | 501C3 | LINE 9 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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