2015-11-06T13:41:37-06:00 2014-12-31 521158459 HERTZBACH & COMPANY PA 800 RED BROOK BLVD SUITE 300 OWINGS MILLS MD 21117 990 2014-01-01 203149168 THC AFFORDABLE HOUSING INC THCA 2022915535 5101 SIXTEENTH STREET NW WASHINGTON DC 20011 PHILIP HECHT PRESIDENT 2022915535 2015-11-06 1 JEFFREY M KLEEMAN P00849057 4103633200 2014 2016-04-25 22:37:26Z PHILIP HECHT 5101 16TH STREET NW WASHINGTON DC 20011 1225269 0 X WWW.THCDC.ORG/INDEX.PHP/AFFORDABLEHOUSING X 2005 DC TO DEVELOP AFFORDABLE HOUSING THROUGH RENOVATION, NEW CONSTRUCTION OR PRESERVATION TO MEET THE HOUSING NEEDS OF VERY LOW, LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE WASHINGTON, D.C. METROPOLITAN AREA. 13 13 0 13 0 0 54050 890216 3105 332066 3407 2987 50129 0 110691 1225269 0 100000 0 0 0 0 0 0 0 178013 250488 178013 350488 -67322 874781 4971972 3225799 2665551 44597 2306421 3181202 TO DEVELOP AFFORDABLE HOUSING THROUGH RENOVATION, NEW CONSTRUCTION OR PRESERVATION TO MEET THE HOUSING NEEDS OF VERY LOW, LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE WASHINGTON, D.C. METROPOLITAN AREA. 0 0 285321 100000 332066 AFFORDABLE HOUSING-THCAH REHABILITATES DILAPIDATED APARTMENT STOCK TO PROVIDE AFFORDABLE HOUSING TO VERY LOW AND LOW INCOME FAMILIES AND INDIVIDUALS IN THE WASHINGTON, DC METRO AREA. A TAILORED PROGRAM OF RESIDENT SERVICES HAS BEEN DEVELOPED THAT WOULD HELP LOW INCOME OR AT-RISK FAMILIES TO SUSTAIN THEIR AFFORDABLE AND SECURE HOUSING SITUATIONS. THE ORGANIZATION ACQUIRED NEW PROPERTY KNOWN AS WEINBERG COMMONS. THE ORGANIZATION WILL BE DEVELOPING 1/3 OF THE UNITS AS PERMANENT SUPPORTIVE HOUSING, WHICH WILL SERVE A HOMELESS OR FORMERLY HOMELESS POPULATION WITH STABLE HOUSING AND WRAPAROUND SUPPORTIVE SERVICES. 65047 PROPOSED DEVELOPMENT PROJECT WAS INTENDED TO BUILD NEW MULTI-FAMILY RENTAL UNITS FOR LOW AND MODERATE INCOME SENIORS. DUE TO FAILURE TO REACH FINAL AGREEMENT WITH THE SELLER OF THE PROPERTY ON TITLE AND PHYSICAL CONDITIONS, THE PROJECT WAS DEEMED INFEASIBLE. 350368 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X PHILIP HECHT 2022915535 5101 16TH STREET NW WASHINGTON DC 20011 ROBERT C LELAND PRESIDENT 1.00 1.00 X X 0 0 0 WINELL BELFONTE VICE PRESIDENT 1.00 1.00 X X 0 0 0 JAMES C ROUMELL SECRETARY 1.00 1.00 X X 0 0 0 W KIMBALL GRIFFITH TRESAURER 1.00 1.00 X X 0 0 0 MELISSA BARRETT BOARD MEMBER 1.00 1.00 X 0 0 0 CHERYL BEVERSDORF BOARD MEMBER 1.00 1.00 X 0 0 0 FRANK DEMARAIS BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID GRISWOLD BOARD MEMBER 1.00 1.00 X 0 0 0 PHIL HECHT BOARD MEMBER 1.00 1.00 X 0 0 0 ALISON HERRICK BOARD MEMBER 1.00 1.00 X 0 0 0 MARTHA JEWETT BOARD MEMBER 1.00 1.00 X 0 0 0 PETER J PLOCKI BOARD MEMBER 1.00 1.00 X 0 0 0 LAWRENCE A THROWER BOARD MEMBER 1.00 1.00 X 0 0 0 POLLY DONALDSON EXECUTIVE DIRECTOR 10.00 30.00 X 0 105445 18774 0 105445 18774 0 0 0 0 TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 MANAGEMENT SERVICES 175431 1 600000 290216 890216 DEVELOPER FEE REVENUE 531110 332066 332066 332066 2987 2987 1225269 332066 0 2987 100000 100000 175431 175431 6106 6106 120 120 ABANDONED PROJECT DEVEL 65047 65047 MISCELLANEOUS 1761 1761 BANK CHARGES 1074 1074 DEVELOPMENT EXPENSE 949 949 350488 350368 120 0 24962 1040 350969 182985 25000 0 1119221 2006997 0 0 2275000 0 12277 0 1164543 1034777 4971972 3225799 32541 44597 2633010 0 2665551 44597 X 2277421 3181202 29000 0 2306421 3181202 4971972 3225799 874781 0 X X 0 1 X 1 0 X 1360920 152992 81100 54050 890216 2539278 1360920 152992 81100 54050 890216 2539278 238955 2300323 770 2575 3129 3407 2987 12868 2552146 2019159 0.90130 0.96740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEVELOPER FEE RECEIVABLE 868946 DUE FROM AFFILIATE 166086 INVESTMENT IN INVESTING ENTITIES -255 1034777 X 5468769 4575566 4575566 893203 332066 332066 1225269 5318086 5243029 5243029 75057 275431 275431 350488 PART X, LINE 2: THC AND THCAH ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. THE CORPORATIONS DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2014 AND 2013. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CORPORATION HAS ADOPTED FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. BASED ON ITS EVALUATION, THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES HAVE BEEN RECORDED AS A RESULT OF TAX UNCERTAINTIES. THE TAX YEARS ENDED DECEMBER 31, 2011 THROUGH DECEMBER 31, 2014 REMAIN OPEN TO EXAMINATION BY TAX JURISDICTIONS TO WHICH THE CORPORATION IS SUBJECT. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY REVENUE INCLUDED IN CONSOLIDATED F/S NOT ON 990 4,575,566. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPER FEE REVENUE ELIMINATED ON CONSOLIDATION 332,066. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSES INCLUDED IN CONSOLIDATED F/S NOT ON 990 5,243,029. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 275,431. 0 TRANSITIONAL HOUSING CORPORATION 5101 16TH ST NW WASHINGTON DC 20011 521675958 501 (C)(3) 100000 0 FMV N/A PAYMENT FOR SUPPORT AND GUARANTEES NECESSARY WHICH GENERATE THE DEVELOPER FEES 1 PROPERTY - BUILDING AND LAND 2014-09-16 2854485 COST 800894542 PARTNER ARMS 4 LLC 5101 16TH STREET NX WASHINGTON DC 20011 N/A 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF A DRAFT FORM 990, THE TAX RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, DIRECTOR OF AFFORDABLE HOUSING,AND THC/THCAH AUDIT COMMITTEE. AFTER THE PROPER VETTING, FORMAL APPROVAL IS MADE BY THE EXECUTIVE DIRECTOR AND THC/THCAH AUDIT COMMITTEE AND DISTRIBUTED TO THCAH BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THCAH PRACTICES FOR MONITORING TRANSACTIONS FOR CONFLICT OF INTEREST AND DEALING WITH THE POTENTIAL OR ACTUAL CONFLICTS ARE OUTLINED IN ITS CONFLICT OF INTEREST POLICY. DISCLOSURE(S) ARE MADE TO THE EXECUTIVE DIRECTOR, WHO SHALL REPORT THE INFORMATION TO THE BOARD OF DIRECTORS. IF A POTENTIAL CONFLICT IS DISCLOSED, THE INDIVIDUAL(S) SHALL REFRAIN FROM PARTICIPATION IN THE IDENTIFIED ACTIVITY UNTIL THE MATTER IS RESOLVED. THIS POLICY IS DISTRIBUTED TO BOARD MEMBERS AND STAFF MEMBERS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS IS ESTABLISHED UNDER THE TRANSITIONAL HOUSING CORPORATION EXECUTIVE COMMITTEE AND WAS LAST CONDUCTED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR PARTNER ARMS 4 LLC 5101 16TH ST NW WASHINGTON DC 20011 800894542 TO PROVIDE HOUSING TO LOW INCOME FAMILIES DC 0 0 THC AFFORDABLE HOUSING INC TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 521675958 TRANSITIONAL AND SUPPORTIVE HOUSING DC 501(C)(3) 7 N/A 0 FORT VIEW LP 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 271893534 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC FV PARTNERS LLC RELATED -29 804286 0 1 0.00010 WEBSTER GARDENS LP 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 262376536 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC WG PARTNERS LLC RELATED -25 616032 0 1 0.00010 PARTNER ARMS 4 LLC 5101 16TH ST NW WASHINGTON DC 20011 800894542 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC THC AFFORDABLE HOUSING RELATED 2104130 0 1 0.00010 FV PARTNERS LLC 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 271894573 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC N/A C -29 804286 0.00490 0 WG PARTNERS LLC 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 262376392 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC N/A C -25 616032 0.00460 0 DC PARTNERS LLC 5101 16TH STREET NW WASHINGTON DC 20011 471314563 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC THC AFFORDABLE HOUSING INC C 210 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0