2015-11-13T13:51:27-06:00 2014-12-31 581367012 HLB GROSS COLLINS PC 3330 CUMBERLAND BOULEVARD 900 ATLANTA GA 30339 990 2014-01-01 202563055 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC F/K/A FARH-LAMPLIGHTER AFF FOUN 7704331711 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 JOSEPH E THOMAS III PRESIDENT 7704331711 2015-11-09 1 CYNTHIA GIBBS P01281543 7704331711 2014 2016-04-25 22:37:26Z ROBERT BAROLAK 152 W 57TH STREET NEW YORK NY 10019 11568904 0 X N/A X 2005 DE PROVIDE LOW INCOME HOUSING 5 5 0 0 0 0 0 9086510 0 2481191 0 1203 0 0 0 11568904 0 0 0 0 0 0 0 0 0 311 2741661 311 2741661 -311 8827243 0 60433964 0 51606721 0 8827243 X TO PROVIDE LOW INCOME HOUSING. 1 0 1170670 1126438 THE COMMANDER PLACE APARTMENT COMPLEX, LOCATED AT 5301 COMMANDER DRIVE, ORLANDO, FL, 32822, HAS 216 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE. 686716 559447 THE ARBOR POINTE APARTMENT COMPLEX, LOCATED AT 2405 ARBOR POINTE DRIVE, LOUISVILLE, KY, 40220, HAS 130 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE. 663135 646919 THE 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. 221140 148387 TO PROVIDE LOW-INCOME HOUSING. 221140 148387 2741661 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 19 0 1 0 0 0 0 0 0 0 0 0 X 5 5 1 1 0 0 1 1 1 1 1 1 0 1 0 0 0 0 0 0 IN X GREYSTONE PROPERTY MANAGEMENT CORP 3175940204 8383 CRAIG STREET SUITE 240 INDIANAPOLIS IN 46250 X JOSEPH E THOMAS III PRESIDENT/TREASURER 1.00 1.00 X X 0 0 0 TERENCE SCHWARTZ DIRECTOR 1.00 1.00 X 0 0 0 ANGELA THOMAS DIRECTOR 1.00 1.00 X 0 0 0 ELAINE BOLICK DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL LOPRETE DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN ROSENBERG VP/SECRETARY 1.00 1.00 X X 0 0 0 LISA LIFSHITZ VP/ASST. SECRETARY 1.00 1.00 X X 0 0 0 KENNETH ROGOZINSKI DIRECTOR 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 GREYSTONE PROPERTY MANAGEMENT 8383 CRAIG STREET SUITE 240 INDIANAPOLIS IN 46250 PAYROLL CONTRACTING & MANAGEMENT FEES 124351 1 1235275 7851235 9086510 RENTAL INCOME 531110 2283024 2283024 ANCILLARY INCOME 531110 198167 198167 2481191 1203 1203 11568904 2481191 0 1203 X 87685 87685 4778 4778 4250 4250 11951 11951 11815 11815 3052 3052 1396 1396 399987 399987 1054005 1054005 136170 136170 CONTRACT LABOR 281263 281263 UTILITIES 249781 249781 PROPERTY TAXES 183911 183911 EQUIPMENT RENTAL & MAIN 145099 145099 166518 166518 2741661 2741661 0 0 4524820 36200 950000 299420 48868655 907811 0 47960844 597559 0 6065121 0 60433964 637054 50969667 0 51606721 X 0 0 0 0 0 8827243 0 8827243 0 60433964 8827243 0 X 0 0 0 X 9086510 9086510 529807 489858 1448518 2481191 4949374 529807 489858 1448518 11567701 14035884 0 0 0 14035884 20 231 1 1203 1455 20 231 1 1203 1455 529827 490089 1448519 11568904 14037339 0.99990 0.99990 0.00010 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4958539 4958539 32382477 386612 31995865 10144296 438298 9705998 1383343 82901 1300442 47960844 RESERVES AND ESCROW 5557651 DEPOSITS 477687 OTHER ASSETS 29783 6065121 FORM 990, PART III, LINE 2 PURCHASED APARTMENT COMPLEXES TO PROVIDE LOW INCOME HOUSING. FORM 990, PART III, LINE 2, NEW PROGRAM SERVICES THE ORGANIZATION PURCHASED AND BEGAN THE OPERATION OF FOUR LOW-INCOME HOUSING PROPERTIES DURING 2014. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH E. THOMAS, III AND ANGELA THOMAS ARE MARRIED. STEPHEN ROSENBERG AND LISA LIFSHITZ ARE SIBLINGS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO GREYSTONE PROPERTY MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NON STOCK CORPORATION AND FOUNDATION FOR AFFORDABLE RENTAL HOUSING, INC. IS ITS SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBER ELECTS THE OFFICERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS, CERTAIN TRANSACTIONS REQUIRE THE APPROVAL OF THE ORGANIZATION'S SINGLE MEMBER FORM 990, PART VI, SECTION B, LINE 11 FORM 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 19 THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PERSONS UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 9 JOSEPH E. THOMAS, III - 5025 WILDEOAK TRAIL, DOUGLASVILLE, GA 30135 TERENCE SCHWARTZ - 35 MONTROSE ROAD, SCARSDALE, NY 10583 ANGELA THOMAS - 5025 WILDEOAK TRAIL, DOUGLASVILLE, GA 30135 ELAINE BOLICK - 603 DELPHINIUM BOULEVARD, ACWORTH, GA 30102 MICHAEL LOPRETE - 12409 BOBBINK COURT, POTOMAC, MD 20854 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 FORM 990, PART VII JOSEPH E. THOMAS, III - 5025 WILDEOAK TRAIL, DOUGASVILLE, GA 30135. TERENCE SCHWARTZ - 35 MONTROSE ROAD, SCARSDALE, NY 10583. ANGELA THOMAS - 5025 WILDEOAK TRAIL, DOUGASVILLE, GA 30135. ELAINE BOLICK - 603 DELPHINIUM BOULEVARD, ACWORTH, GA 30102. MICHAEL LOPRETE - 12409 BOBBINK COURT, POTOMAC, MD 20854. 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. FORM 990, PART IX, LINE 22A NOT 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 2014 ASSET ADDITIONS. - 3 YEAR ASSETS S/L - BASIS - $3,071,166 DEPRECIATION - $307,545 - 5 YEAR ASSETS S/L - BASIS - $1,421,726 DEPRECIATION - $112,518 - 15 YEAR ASSETS S/L - BASIS - $5,274,924 DEPRECIATION - $81,752 - 27.5 YEAR ASSETS S/L - BASIS - $34,142,301 DEPRECIATION - $405,995 FALLBROOK HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE 0 0 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC MAPLECREST HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE 0 0 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC ST LUCIE HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE 0 0 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC SUNDANCE HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE 0 0 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC TOWN CENTRE HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE 0 0 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC ARBOR POINTE HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE -127140 8696060 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC COMMANDER HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE -44178 15290576 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC PEMBERLY PALMS HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE 6714 11219968 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC SABAL CHASE HARMONY HOUSING LLC 3330 CUMBERLAND BLVD STE 900 ATLANTA GA 30339 TO PROVIDE LOW INCOME HOUSING. DE -15852 16229444 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC FARH BROOKSTONE 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 203866217 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH FOX LAKE 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 202562976 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH GREENBRIAR 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 202563022 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH NEWELL CREST FKA FARH OAK CROSSING 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 203866280 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH POSTBROOK 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 203866453 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH DEERFIELD FKA FARH ROCKSHIRE 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 203866388 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FOUNDATION FOR AFFORDABLE RENTAL HOUSING INC 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 202743344 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH SOUTH 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 203865882 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 FARH WEST 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 203866094 TO PROVIDE LOW INCOME HOUSING DE 501(C)(3) 509(A)(2) N/A 0 GULF COAST HOUSING ASSISTANCE 3330 CUMBERLAND BLVD SUITE 900 ATLANTA GA 30339 742817930 TO PROVIDE LOW INCOME HOUSING TX 501(C)(3) 509(A)(2) N/A 0 FSRTENNESSEE AFFORDABLE HOUSING FOUNDATION 6629 SPRING ST DOUGLASVILLE GA 30134 621661272 TO PROVIDE LOW INCOME HOUSING TN 501(C)(3) 509(A)(2) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GULF COAST HOUSING ASSISTANCE CORP C 1235275 FAIR MARKET VALUE