2015-11-16T09:57:22-06:00 2014-12-31 COHNREZNICK LLP 525 N TRYON STREET SUITE 1000 CHARLOTTE NC 28202 990 2014-01-01 561620516 CHARLOTTE MECKLENBURG HOUSING PARTNERSHIP INC % JULIE A PORTER CHAR 7043420933 4601 CHARLOTTE PARK DRIVE STE 350 CHARLOTTE NC 28217 Julie A Porter President 7043329100 2015-11-15 true KATHY BLACKBURN P00450629 7043329100 2014 2016-04-25 22:37:26Z Julie A Porter 4601 CHARLOTTE PARK DR STE 350 CHARLOTTE NC 28217 15950881 false X N/A X 1988 NC TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES 21 21 40 0 4032824 5449705 5212221 6615123 967 775 280634 392543 9526646 12458146 0 0 0 0 3285470 3464191 0 0 0 4990954 5577163 8276424 9041354 1250222 3416792 50953059 51160374 42193912 38984435 8759147 12175939 X TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES. false false 6679116 6615123 Charlotte Mecklenburg Housing Partnership, Inc. (CMHP) is a nonprofit housing development and finance corporation organized in the State of North Carolina on July 5, 1988 to expand affordable and well-maintained housing and promote stable neighborhoods for low and moderate income families with a continuing interest in the ability of occupants to more fully enter the economic mainstream. The strategies that CMHP has adopted to fulfill its mission are as follows: revitalizing targeted inner city neighborhoods, developing and managing affordable rental property, and providing homeownership opportunities. CMHP currently markets under the name of The Housing Partnership and is designated as a Community Based Development Organization (CBDO) by the City of Charlotte. 6679116 true true false true false false false false false false true false true true true true false true false false false false false false false false false false false true false false false false false false false false true false false false true true true true false false true 44 0 true 40 true false false false false false false false false false false X 21 21 false false false false false false false true true false false false true true true true true true true true false X JULIE A PORTER 7043420933 4601 CHARLOTTE PARK DRIVE SUITE 35 CHARLOTTE NC 28217 X MS J'TANYA ADAMS DIRECTOR 1.0 0.0 X 0 0 0 MR BRIAN COLLIER DIRECTOR 1.0 0.0 X 0 0 0 MR TOBY BARTLETT DIRECTOR 1.0 0.0 X 0 0 0 MS NANCY CROWN DIRECTOR 1.0 0.0 X 0 0 0 MR BERNARD FELDER DIRECTOR 1.0 0.0 X 0 0 0 MR HARVEY GANTT DIRECTOR 1.0 0.0 X 0 0 0 MR JAMES MITCHELL DIRECTOR 1.0 0.0 X 0 0 0 REV JOHN CLEGHORN DIRECTOR 1.0 0.0 X 0 0 0 MR TOM INGRAM DIRECTOR 1.0 0.0 X 0 0 0 MR GENE BODYCOTT DIRECTOR 1.0 0.0 X 0 0 0 MR JOHN STOKES DIRECTOR 1.0 0.0 X 0 0 0 MS EILEEN STENERSON DIRECTOR - BOARD CHAIR 1.0 0.0 X X 0 0 0 MS MARY WILSON DIRECTOR/VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MS BETTY CHAFIN RASH DIRECTOR 1.0 0.0 X 0 0 0 MS SHARIKA RICHARDSON SHROPSHIRE DIRECTOR 1.0 0.0 X 0 0 0 MR DOUGLAS ROBERTSON DIRECTOR 1.0 0.0 X 0 0 0 Mr Lance I Pritchett Director 1.0 0.0 X 0 0 0 Mr Darryl White Director 1.0 0.0 X 0 0 0 Mr Shawn Williams Director 1.0 0.0 X 0 0 0 mr bob mendenhall associate of bod 1.0 0.0 X 0 0 0 Mr Darren Swanson Director 1.0 0.0 X 0 0 0 MR FRED DODSON JR CHIEF OPERATING OFFICER 40.0 0.0 X 121617 0 14132 MS RALPHINE CALDWELL SR. VP HOMEOWNERSHIP 40.0 0.0 X 121742 0 14139 Mr John Butler CFO/Treasurer 40.0 0.0 X 129211 0 5238 Ms Julie A Porter President 40.0 0.0 X 170000 0 11972 MR JIMMY DONALDSON VP of construction 40.0 0.0 X 133154 0 6835 675724 0 52316 5 false true false JO FLOWE GRADING CO PO BOX 215 MIDLAND NC 28107 CONSTRUCTION 1069122 HORACK TALLEY 2600 ONE WF CENTER 301 S COLLEGE CHARLOTTE NC 28202 LEGAL 336450 MOORE VAN ALLEN PLLC PO BOX 198743 ATLANTA GA 30384 LEGAL 161523 ROGER T EUDY DBA EUDY'S LANDSCAPI PO BOX 468 MIDLAND NC 28107 LANDSCAPING 117708 COHNREZNICK LLP 525 N TRYON STREET CHARLOTTE NC 28202 ACCOUNTING 103825 5 X 4586558 863147 486403 5449705 RENTAL INCOME 531390 2861397 2861397 MISC. INCOME 531390 581642 581642 LOAN/COUNSELING 531390 117774 117774 DEVELOPER FEES 531390 660968 660968 INTEREST INCOME 531390 643342 643342 1750000 1750000 6615123 775 775 0 0 0 0 0 0 0 0 3885278 3492735 392543 392543 0 12458146 7007666 775 X 0 0 0 0 728040 135881 592159 0 2178780 1669597 509183 0 363216 254667 108549 194155 130551 63604 0 14153 6405 7748 115860 115860 55000 55000 0 0 0 0 128766 55598 73168 0 0 175311 120705 54606 0 0 92022 60263 31759 807010 620489 186521 0 633516 602456 31060 106531 82868 23663 OTHER EXPENSES 51124 51124 IMPAIRMENT 169819 169819 UNIT TURN COSTS 1041775 1041775 PERSONAL PROPERTY TAXES 23395 23395 2162881 1653523 509358 9041354 6679116 2362238 0 X 1685677 4319948 0 0 1729715 633226 54919 0 0 0 0 0 6384763 4715814 6474521 824144 7819 33694 30701616 8094183 18424865 22607433 0 0 0 0 9812878 9713304 0 0 6377902 8312811 50953059 51160374 1502569 1184403 0 0 0 0 0 0 0 0 0 0 40345925 37457675 0 0 345418 342357 42193912 38984435 X -4891570 -1592126 10452967 10255315 3197750 3512750 8759147 12175939 50953059 51160374 3416792 X X false true X true true true X 3780806 8368374 4942340 4032824 5449705 26574049 0 0 3780806 8368374 4942340 4032824 5449705 26574049 0 26574049 1917 993 812 967 775 5464 0 0 26579513 21011255 0.99979 0.99919 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 55000 false 55000 false false PART II-B CHARLOTTE MECKLENBURG HOUSING PARTNERSHIP, INC (THE ENTITY) PAID AMOUNTS TO A LOBBYING FIRM IN WASHINGTON DC WHO ALONG WITH MS. JULIE A. PORTER MET WITH VARIOUS SENATORS AND REPRESENTATIVES TO INTRODUCE THE ENTITY AS AN ORGANIZATION AND DESCRIBE ITS CURRENT ACTIVITIES. THE LOBBYIST ALSO WORKED ON OBTAINING FUNDING FOR SOME OF THE ENTITY'S PROJECTS. 0 11834795 11834795 18071620 7664515 10407105 326809 282158 44651 468392 147510 320882 22607433 INV. IN LOW-INCOME HSNG PSHIPS 9713304 C 9713304 ACCOUNTS RECEIVABLE - OTHER 1897805 PROJECTS IN DEVELOPMENT 4590427 FUNDS HELD FOR OTHERS 397912 INTERCOMPANY RECEIVABLE 817802 ADVANCES TO AFFILIATES 0 DEFERRED LOAN COSTS - NET 467312 REPLACEMENT RESERVES 139794 ESCROW 1759 CLEARING ACCOUNTS 0 8312811 0 FUNDS HELD FOR OTHERS 315517 DUE TO AFFILIATES 26840 342357 X FIN 48 PART X, QUESTION 2 CHARLOTTE MECKLENBURG HOUSING PARTNERSHIP, INC. ("CMHP"), CMHP PROPERTIES, INC. AND FAIRVIEW SENIOR HOUSING, INC. ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. CMHP did not have any unrelated business income tax for the year ended December 31, 2014. CMHP'S CORPORATE TAXABLE AFFILIATES RECOGNIZE INCOME TAXES UNDER THE ASSET AND LIABILITY METHOD. FOR THE YEAR ENDED DECEMBER 31, 2014, TAXABLE INCOME OR LOSS AND TEMPORARY DIFFERENCES, INDIVIDUALLY AND IN THE AGGREGATE, ARE NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. CMHP'S AFFILIATES, Single Member LIMITED LIABILITY COMPANIES and LIMITED LIABILITY COMPANIES THAT ARE CONTROLLED AND CONSOLIDATED BY CMHP ARE ENTITIES THAT HAVE ELECTED TO BE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. EACH ENTITIY'S FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY IS BASED ON THEIR RESPECTIVE LEGAL STATUS AS A LIMITED LIABILITY COMPANY. ACCORDINGLY, THE ENTITIES ARE NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS PASS-THROUGH ENTITIES. THE INDIVIDUAL ENTITIES (UNLESS A SINGLE MEMBER LIMITED LIABILITY COMPANY which is not required to file a tax return with the Internal Revenue Service) ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. Income tax returns filed by CMHP and its affiliates 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. X X X false false false false false false false false false Ms Julie A Porter President 170000 0 0 0 0 0 6787 0 5185 0 181972 0 0 0 X 9 486403 FMV false false false PART IV, LINE 12 THE AUDITED FINANCIAL STATEMENTS WAS A CONSOLIDATION OF CHARLOTTE MECKLENBURG HOUSING PARTNERSHIP, INC. AND SUBSIDIARIES FOR THE 12 MONTH PERIOD JANUARY 1, 2014 THROUGH DECEMBER 31, 2014. PART VI SECTION B # 11 The CFO and controller of the organization review a draft copy of the tax return, consulting with the president and COO where necessary, to ensure that the return is correct. The final version of the return is distributed to members of the board of directors. PART VI SECTION B 12C & 15B 12C: The organization requires board members annually to sign statements acknowledging the conflict of interest policy. 15B: Salaries were compared TO those of Charlotte Housing Authority; consulted publications; engaged a consultant who studied CMHP compensation and made recommendations. PART VI SECTION C # 19 Governing documents, conflict of interest policy and financial statements are available to the public upon request. Part XII SECTION #2B & #2C 2B: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE AUDITED FINANCIAL STATEMENTS ARE REPORTED WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION OF Charlotte Mecklenburg Housing Partnership, INC. 2C: RESPONSIBILITY FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE ANNUAL AUDIT IS RESERVED BY THE Charlotte Mecklenburg Housing Partnership, INC. BOARD OF TRUSTEES. PART VIII - OTHER PROGRAM SERVICE REVENUE THE $1,750,000 ON LINE 2F REPRESENTS FORGIVENESS OF DEBT INCOME. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:REPAIRS & MAINTENANCE TOTAL EXPENSES:516281 PROGRAM SERVICES:516281 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ADVERTISING TOTAL EXPENSES:68761 PROGRAM SERVICES:68761 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PROVISION FOR IMPAIRMENT TOTAL EXPENSES:657709 PROGRAM SERVICES:657709 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UTILITIES TOTAL EXPENSES:254073 PROGRAM SERVICES:247470 MANAGEMENT AND GENERAL:6603 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TELEPHONE TOTAL EXPENSES:30147 PROGRAM SERVICES:18569 MANAGEMENT AND GENERAL:11578 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE EXPENSE TOTAL EXPENSES:4697 PROGRAM SERVICES:4426 MANAGEMENT AND GENERAL:271 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ABANDONED PROJECT COST TOTAL EXPENSES:125352 MANAGEMENT AND GENERAL:125352 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TEMPORARY SERVICES TOTAL EXPENSES:164983 MANAGEMENT AND GENERAL:164983 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS EXPENSE TOTAL EXPENSES:106961 PROGRAM SERVICES:25132 MANAGEMENT AND GENERAL:81829 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LANDSCAPING TOTAL EXPENSES:108816 MANAGEMENT AND GENERAL:108816 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:115175 PROGRAM SERVICES:115175 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CABLE TOTAL EXPENSES:9926 MANAGEMENT AND GENERAL:9926 DOUBLE OAKS DEVELOPMENT LLC 4601 CHARLOTTE PARK DRIVE SUITE 35 CHARLOTTE NC 28217 753249747 LOW-INC HSNG NC 4059427 10970562 CMHP INC SOUTH PARK MANAGER LLC 4601 CHARLOTTE PARK DRIVE SUITE 35 CHARLOTTE NC 28217 753257651 LOW-INC HSNG NC 7500 36399 CMHP INC ROCKY BRANCH II MANAGER LLC 4601 CHARLOTTE PARK DRIVE SUITE 35 CHARLOTTE NC 28217 561620516 low-inc hsng NC 713174 CMHP INC ARDEN STREET PROPERTIES LLC 4601 CHARLOTTE PARK DRIVE SUITE 35 CHARLOTTE NC 28217 300693313 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