2016-07-20T12:24:36-05:00 2015-12-31 521158459 HERTZBACH & COMPANY PA 800 RED BROOK BLVD SUITE 300 OWINGS MILLS MD 21117 990 2015-01-01 330998489 WESLEY ASI OF NORTHERN VIRGINIA WESL 7036423830 5515 CHEROKEE AVENUE NO 204 ALEXANDRIA VA 22312 SHELLEY MURPHY SECRETARY 7036423830 2016-07-15 1 JEFFREY M KLEEMAN P00849057 4103633200 2015 2016-09-27 15:27:22Z SHELLEY MURPHY 5515 CHEROKEE AVE SUITE 204 ALEXANDRIA VA 22312 220310 0 X N/A X 2002 VA PROVIDE LOW-INCOME HOUSING AND SERVICES TO HANDICAPPED PEOPLE LIVING IN 22 UNITS 7 5 0 7 0 0 0 0 193463 219782 544 528 0 0 194007 220310 0 0 0 0 58930 59260 0 0 0 212636 217629 271566 276889 -77559 -56579 2561558 2437166 3095342 3027529 -533784 -590363 TO PROVIDE LOW INCOME HOUSING AND SERVICES FOR PERSONS WITH DISABILITIES IN A 22 UNIT FACILITY. 0 0 268139 219782 PROVIDES 22 UNITS OF LOW-INCOME HOUSING AND SERVICES TO PERSONS WITH DISABILITIES 268139 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 VA X WESLEY HOUSING DEVELOPMENT CORPORATION 7036423830 5515 CHEROKEE AVE SUITE 204 ALEXANDRIA VA 22312 KAREN W BROWN MED CRC SECRETARY/ TREASURER 0.20 0.00 X X 0 0 0 DAVID BURDS PRESIDENT 0.20 0.00 X X 0 0 0 MARY COCKER BOARD MEMBER 0.20 0.00 X 0 0 0 GEORGE KOSTEL BOARD MEMBER 0.20 0.00 X 0 0 0 SHELLEY MURPHY ASSISTANT SECRETARY 0.20 40.00 X X 0 185954 17232 LESLIE STEEN ASSISTANT SECRETARY 0.20 20.00 X X 0 60772 3643 MICHAEL GRAFF JR BOARD MEMBER 0.20 0.00 X 0 0 0 0 246726 20875 0 0 1 0 0 RENTAL ASSISTANCE PAYM 531110 144598 144598 RENTAL INCOME 531110 70613 70613 LAUNDRY & VENDING 531110 3662 3662 TENANT CHARGES 531110 909 909 219782 528 528 220310 219782 0 528 X 51576 51576 3639 3639 4045 4045 21778 21778 1112 1112 8750 8750 101 101 110 110 12656 12656 100161 100161 17 17 67999 67999 1297 1297 OTHER TAXES AND INSURAN 2994 2994 FINANCIAL EXPENSE 641 641 RENT EXPENSE 13 13 276889 268139 8750 0 3108 18298 186438 115189 125 479 2944003 647080 2364922 2296923 6611 6631 2561558 2437166 10492 6480 6312 4438 5939 5956 2534800 2534800 537799 475855 3095342 3027529 X -533784 -590363 -533784 -590363 2561558 2437166 -56579 0 X X 0 1 X 1 1 1 X 183210 202557 204617 193463 219782 1003629 183210 202557 204617 193463 219782 1003629 0 6295 66868 60633 70435 100326 304557 6295 66868 60633 70435 100326 304557 699072 84 50 496 544 528 1702 84 50 496 544 528 1702 183294 202607 205113 194007 220310 1005331 0.69540 0.71490 0.00170 0.00120 X 0 1 X 525000 525000 2320801 552971 1767830 98202 94109 4093 2296923 DUE TO WHDC 475855 475855 220310 0 220310 0 220310 276889 0 276889 0 276889 PART IV, LINE 2B: THE AMOUNT OF $6,631 ON THE ACCOMPANYING FORM 990, PART X, LINE 15 REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT 4% BELOW THE CURRENT FEDERAL RESERVE BOARD DISCOUNT RATE AS OF JANUARY 1 OF EACH YEAR. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. 0 0 0 0 0 0 0 0 0 SHELLEY MURPHY ASSISTANT SECRETARY 0 185954 0 0 0 0 0 7446 0 9786 0 203186 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS OBLIGATED UNDER THE TERMS OF A MANAGEMENT AGREEMENT WITH WESLEY PROPERTY MANAGEMENT COMPANY, LLC (WPMC), AN AFFILIATE ORGANIZATION. UNDER THE TERMS OF THE AGREEMENT, THE CORPORATION WILL PAY A FEE TOTALING 10% OF GROSS RENTAL COLLECTIONS TO WPMC FOR PROPERTY MANAGEMENT SERVICES. THE CALCULATED FEE IS PAID ON A MONTHLY BASIS. DURING THE YEAR ENDED DECEMBER 31, 2015, PROPERTY MANAGEMENT FEES TOTALING $21,778 WERE CHARGED TO OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED BY A MAJORITY VOTE OF THE MEMBERS. ALL DIRECTORS MUST BE MEMBERS OR DIRECTORS OF WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA (WHDC) AND ACCESSIBLE SPACE, INC. IN ACCORDANCE WITH THE ARTICLES OF INCORPORATION ARTICLE IV AND BYLAWS ARTICLE II 2.2. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT TAX RETURN IS SENT TO THE GOVERNING BODY (BOARD OF DIRECTORS). THE BOARD OF DIRECTORS REVIEWS THE RETURN AND RESOLVES ANY QUESTIONS. THE BOARD OF DIRECTORS SENDS APPROVAL TO THE TAX PREPARER TO FINALIZE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHICH IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: UTILITIES $27,138 REPAIRS & MAINTENANCE 53,399 REAL ESTATE TAXES 12,621 PROPERTY & LIABILITY INSURANCE 7,003 TOTAL OCCUPANCY EXPENSE $100,161 FORM 990 PART XII LINE 2C DESCRIBE CHANGES IN COMMITTEE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 510155779 PROVIDES SERVICES IN ASSISTING THE DEVELOPMENT OF AFFORDABLE HOUSING VA 501(C)(3) LINE 7 N/A 0 ACT INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541616313 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA 501(C)(4) WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 ACT V INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541527218 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA 501(C)(3) LINE 9 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 CIRCLE PROPERTIES INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541149593 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 74 UNITS VA 501(C)(4) WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 PERRY S HALL INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541358850 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA 501(C)(3) LINE 9 WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 SEVEN CORNERS APT INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541246483 HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES VA 501(C)(4) WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA 0 WESLEY AGAPE HOUSE INC 5515 CHEROKEE AVENUE SUITE 204 ALEXANDRIA VA 22312 541667617 HOUSING AND SERVICES FOR PEOPLE DISABLED AS A RESULT OF HIV - 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