2015-11-16T15:38:05-06:00 2014-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2014-01-01 521665967 NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC % TODD TRAVIS NATI 3019980440 11200 ROCKVILLE PIKE 220 ROCKVILLE MD 20852 Todd Travis Officer 3019980401 2015-11-16 true ED RYAN CPA P00223815 3016529100 2014 2016-03-07 17:11:31Z MARTIN SCHWARTZBERG 11200 ROCKVILLE PIKESTE 225 ROCKVILLE MD 20852 15700292 false X http://nfahs.org X 1990 DC THE FOUNDATION IS DEDICATED TO PRESERVING the nations existing ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO providing UNDERSERVED POPULATION with solutions and access to housing. 7 7 18 0 2111978 3922361 3680067 11745835 9469 32096 0 0 5801514 15700292 112600 63100 0 0 3281052 3437920 0 0 0 4007838 4205288 7401490 7706308 -1599976 7993984 105109900 122522983 17029758 26561632 88080142 95961351 X THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THE UNDERSERVED POPULATION WITH SOLUTIONS AND BETTER ACCESS TO DECENT, SAFE AND WELL-MANAGED AFFORDABLE HOUSING AND COMMUNITY PROGRAMS AND SERVICES. false false 7326035 11745835 THE EO RESEARCHES VARIOUS APPROACHEs to preserve our nations supply of ADEQUATE AFFORDABLE HOUSING. IT SPEAKS AND DEALS WITH INDUSTRY LEADERS, CREATES FINANCIAL MODELS AND PREPARES VARIOUS POSITION REMARKS. IT ALSO facilitiate NON-PROFIT OWNERSHIP OF AFFORDABLE HOUSING. IN ADDITION, IT CREATES 509(A)(3) ORGANIZATIONS THAT ACQUIRE AFFORDABLE LOW INCOME HOUSING. 7326035 true true false false false false false false false true false false true false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 47 0 true 18 true false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false true true true false MD X TODD TRAVIS 3019980401 11200 ROCKVILLE PIKE ROCKVILLE MD 20852 X DENISE MUHA DIRECTOR 1.0 1.0 X BERNARD BEAL DIRECTOR 1.0 1.0 X ANTHONY COELHO DIRECTOR 1.0 1.0 X REV MSGR WILLIAM LINDER DIRECTOR 1.0 1.0 X JASON GOLDBLATT DIRECTOR 1.0 1.0 X ROBERT WELTCHEK DIRECTOR 1.0 1.0 X Jay Berman director 1.0 1.0 X eliot reid president and ceo 40.0 1.0 X 616000 0 34500 Todd Travis CFO 40.0 1.0 X 425000 0 24500 MARTIN C SCHWARTZBERG CHAIRMAN 40.0 1.0 X 240000 0 24000 NOAH NORDHEIMER SR. VP 40.0 1.0 X 370750 0 19050 JANET CHARLTON EXECUTIVE VICE PRESIDENT 40.0 1.0 X 240000 0 24000 richard M charlton II senior development manager 40.0 1.0 X 136700 0 10870 jaymar g joseph senior development manager 1.0 1.0 X rosann redmon comptroller 40.0 1.0 X 116400 0 11140 2144850 0 148060 7 false true false Green Wall Group LLC 128 School Street WALPOLE MA 02081 technical advisory 225000 prudential huntoon paige associates 2100 ross avenue suite 2500 DALLAS TX 75201 consulting 188786 jenkins restoration 22980 shaw road STERLING VA 20166 Technical advisory 464397 Kaas Wilson Architects 2104 4th Avenue South MINNEAPOLIS MN 55404 Architecture 174604 running dog architects 4208 maples terrace CHEVY CHASE MD 20815 architecture 257548 9 X 3922361 3922361 INTEREST NOTE RECEIVABLE 531110 2254351 2254351 OTHER REVENUE 531110 225398 225398 DEVELOPMENT FEE INCOME 531110 8889492 8889492 OTHER INTEREST 531110 368346 368346 OTHER REVENUE 531110 8248 8248 11745835 32096 32096 0 0 0 0 0 0 0 0 0 0 15700292 11745835 32096 63100 63100 0 0 0 856000 856000 0 2017973 2017973 0 424660 424660 139287 139287 0 68327 68327 51332 51332 0 0 0 0 0 328451 328451 0 0 222728 222728 0 0 0 705284 705284 0 148864 148864 28619 28619 OTHER EXPENSE 232110 232110 TUITION, DUES AND SUBSCRIPTION 28504 28504 CONSULTING EXPENSE 1988766 1988766 PROJECT ADMIN 207848 207848 194455 194455 7706308 7326035 380273 0 X 12893002 14749979 2703101 2705796 0 0 7170878 7518094 0 0 0 0 42539990 54067129 0 0 0 0 526669 346655 235264 180014 0 0 0 0 0 0 0 0 39567665 43301971 105109900 122522983 7873205 6606711 0 0 0 9426138 0 0 0 0 0 0 0 0 9156553 10528783 0 0 17029758 26561632 X 85377041 93255555 2703101 2705796 0 0 88080142 95961351 105109900 122522983 X 7993984 3638743 -3751518 X false true X true false X 38084642 11030262 15183704 2111978 3922361 70332947 3788403 3435294 2573372 3680067 11746032 25223168 0 0 0 41873045 14465556 17757076 5792045 15668393 95556115 0 0 0 95556115 15924 12343 11460 9469 32096 81292 0 15924 12343 11460 9469 32096 81292 0 0 41888969 14477899 17768536 5801514 15700489 95637407 0.99915 0.99385 0.00085 0.00501 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303517 198175 105342 223152 148480 74672 180014 ACQUISITION FEE (NET OF AMORT) 76634 FINANCING COSTS, NET 218840 INTEREST RECEIVABLE 5123928 DEPOSITS 1425939 DUE FROM AFFILIATES 15755828 OTHER RECEIVABLE 20700802 43301971 0 0 X fin 48 disclosure Income taxes The Foundation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2014. Due to its tax exempt status, the Foundation is not subject to income taxes. The Foundation is required to file and does file tax returns with the IRS and other taxing authorities. None of the subsidiary entities had unrelated business income for the year ended December 31, 2014. Accordingly, these financial statements do not reflect a provision for income taxes and the Foundation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Foundation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open. true EAGLE BANK FOUNDATION CO GOLD CLASSIC 7815 WOODMONT AVENUE BETHESDA MD 20814 920195178 501(C)(3) 25100 breast cancer research Casey Cares Foundation Inc 3918 Vero Road Suite C Baltimore MD 21227 522259802 501(C)(3) 35000 Assisting critically ill children and families MONITORING THE USE OF GRANT FUNDS There is no method for monitoring grants paid Y X X false false false false false false false false true false MARTIN C SCHWARTZBERG CHAIRMAN 240000 0 0 0 0 0 24000 0 264000 0 0 0 NOAH NORDHEIMER SR. VP 190500 0 180250 0 0 0 19050 0 0 389800 0 0 0 JANET CHARLTON EXECUTIVE VICE PRESIDENT 240000 0 0 0 0 0 24000 0 0 264000 0 0 0 eliot reid president and ceo 345000 0 271000 0 0 0 34500 0 0 650500 0 0 0 Todd Travis CFO 245000 0 180000 0 0 0 24500 0 0 449500 0 0 0 line 8 prior to her becoming a foundation employee, the NFAHS board of directors and the pertinent state housing finance agencies had approved the participation of an entity in which Charlton had an interest as the developer for three LIHTC redevelopment transactions. during 2010 - 2013 payments of development fee were made for services rendered to three (3) limited partnerships in which affiliates of the national foundation for affordable housing solutions, inc. serve as general partner or managing member. such fees were paid for services rendered prior to 2010 - 2013 and were paid from investor equity contributed to such partnerships by unrelated, third party tax credit investors. the development fee paid in each transaction are subject to certain federal and state governmental limitations as to gross amount and schedule for payments. line 9 not applicable Part Vi, Section B, Line 12C AN AFFIRMATIVE SIGNED STATEMENT OF NO CONFLICTS IS REQUIREd and, where applicable, a writtrn disclosure of any know conflict is required. conflicts are disclosed and board members are rucused, as needed, on a transactional basis. Part Vi, Section B, Line 15B THE COMPENSATION COMMITTEE REVIEWs and makes decisitions with a benefit of a third party compensation report. Part VI, SECTION C, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST. Part VI, Section B, Question 11a Prior to filing the 990 is vetted by members of the executive committee, and third party legal and acounting personal. final approval is then gived by the chairman of the board his review. Part XI, line 9 Other Changes in net assets or fund balances - Distributions from wholly-owned subsidiaries of foundation: $3,751,518. CLAIBORNE HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521795395 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true CHEMUNG VIEW HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521921440 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true RENEWAL HOUSING Inc 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521965128 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true LONDONDERRY HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521795393 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true MOUNT CARMEL HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521920898 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true KISH HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521920903 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true HUNTINGTON HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521879282 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true BROOKSIDE HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521968153 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true COUNTRYSIDE HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521824857 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true GLENARDEN HOUSING OF MARYLAND INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521929847 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true KING HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521927975 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true INDIAN HEAD HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521927914 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true GLENREED HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521927912 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true WILLOW CREEK HOUSING INC 11200 ROCKVILLE PIKE 2ND FLR ROCKVILLE MD 20852 521963655 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true echelon housing inc 11200 ROCKVILLE PIKE 2ND FLOOR ROCKVILLE MD 20852 521880077 HOUSING MD 501(c)(3) 509(a)(3) NFAHS true Whitney Preservation Housing Development 11200 Rockville Pike 2nd flr Rockville MD 20852 455370883 501(c)(3) 509(a)(3) nfahs true 516 HUMBOLDT AFFORDABLE LLC 11200 ROCKVILLE PIKE STE 225 ROCKVILLE MD 20852 452022453 HOUSING MN NA RELATED 1855 72247 false false brookside general partner llc 11200 rockville pike suite 250 rockville MD 20852 274150955 real estate i MD brookside hsg c corp -50 6993211 1.00000 true glenview general partner llc 11200 rockville pike suite 250 rockville MD 20852 273751726 real estate i MD glenview housin c corp -51 65365 1.00000 true king housing inc 11200 rockville pike suite 250 rockville MD 20852 272684470 real estate i MD king hsg inc c corp 2528 1.00000 true glenarden Associates llc 11200 rockville pike suite 200 rockville MD 20852 274970928 real estate i MD glenarden hsg c corp -61 1154 1.00000 true glenreed associates llc 11200 rockville pike suite 200 rockville MD 20852 274974184 real estate i MD glenreed hsg c corp -41 845 1.00000 true NFAHS Mid Pine Affordable LLC 11200 Rockville Pike Suite 250 Rockville MD 20852 453414352 real estate i MD N/A C Corp -35 171602 1.00000 true false false true false false false false false false false true false false false false false true true CLAIBORNE HOUSING INC C 843805 Cash LONDONDERRY HOUSING INC C 836592 Cash Salem Lafayette L 10227399 FMV Mid-Pine L 1120323 FMV glenarden housing of maryland inc L 1690882 fmv McConnell L 1074137 fmv Northlake S 286838 fmv Whitney Preservation S 8364 fmv Whitney Preservation C 35861 cash Echelon housing C 146997 cash Huntington Housing C 46354 cash GLENREED HOUSING INC L 1265196 FMV LEWIS PARK L 1285736 FMV EASTPORT L 918471 FMV SEWARD L 1261995 FMV SHADLEY L 405187 FMV GUS JOHNSON L 223243 FMV CHEMUNG VIEW L 183673 FMV MT CARMEL L 183306 FMV KISH L 260652 FMV Echelon S 3795220 Cash Huntington R 90442 Cash Huntington S 2558897 Cash 1000 Southern L 2215801 FMV