2014-11-17T11:10:42-06:00 2013-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2013-01-01 521665967 NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC % TODD TRAVIS NATI 3019980440 11200 ROCKVILLE PIKE 220 Suite ROCKVILLE MD 20852 Todd Travis Treasurer 3019980401 2014-11-15 true ED RYAN CPA P00223815 3019980401 2013 2015-11-30 17:44:51Z MARTIN SCHWARTZBERG 11200 ROCKVILLE PIKESTE 225 ROCKVILLE MD 20852 4359311 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. 8 7 18 0 15183704 2111978 2573372 2237864 11460 9469 0 0 17768536 4359311 101150 112600 0 0 1526763 1394397 0 0 0 2095706 2973151 3723619 4480148 14044917 -120837 83165257 92350744 1704482 9227927 81460775 83122817 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 4139097 2237864 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. 4139097 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 X 47 0 true 18 true false false false false false false false false false false X 8 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 MARTIN C SCHWARTZBERG CHAIRMAN 40.0 1.0 X X 240000 0 48000 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 790800 0 57500 Todd Travis CFO 40.0 1.0 X 441200 0 38500 NOAH NORDHEIMER SR. VP 40.0 1.0 X 611200 0 29500 JANET CHARLTON EXECUTIVE VICE PRESIDENT 40.0 1.0 X 240000 0 48000 richard M charlton II senior development manager 40.0 1.0 X 141075 0 0 jaymar g joseph senior development manager 1.0 1.0 X rosann redmon comptroller 40.0 1.0 X 118150 0 0 2582425 0 221500 7 false true false Green Wall Group LLC 128 School Street WALPOLE MA 02081 technical advisory 300000 wcd consultants 23 route 31 north suite b26 PENNINGTON NJ 08534 consulting 286497 Preservation Services LLC 11200 Rockville Pike Suite 250 ROCKVILLE MD 20852 Technical advisory 444502 Kaas Wilson Architects 2104 4th Avenue South MINNEAPOLIS MN 55404 Architecture 341340 running dog architects 4208 maples terrace CHEVY CHASE MD 20815 architecture 298818 5 X 2111978 2111978 FEE INCOME 531110 120000 120000 INTEREST NOTE RECEIVABLE 531110 2057223 2057223 OTHER REVENUE 531110 60641 60641 2237864 9469 9469 0 0 0 0 0 0 0 0 0 0 4359311 2237864 9469 X 112600 112600 0 0 0 1031241 1031241 0 280285 280285 0 0 82871 82871 0 29878 29878 48540 48540 0 0 0 1001699 1001699 0 508019 508019 0 0 207707 207707 0 0 0 141975 141975 0 249089 249089 28045 28045 OTHER EXPENSE 672582 445471 227111 TUITION, DUES AND SUBSCRIPTION 35522 35522 NON-REIMBURSABLE COSTS 50095 50095 4480148 4139097 341051 0 13735713 12867213 4364153 2703101 0 0 5003194 7170878 0 0 0 0 43963501 42539990 0 0 0 0 526669 291405 231955 235264 0 0 0 0 0 0 0 0 15866741 26834298 83165257 92350744 354482 71374 0 0 0 0 0 0 0 0 0 0 0 0 1350000 9156553 0 0 1704482 9227927 X 77096622 80419716 4364153 2703101 0 0 81460775 83122817 83165257 92350744 -120837 1782879 X false true X true false X 5239987 38084642 11030262 15183704 2111978 71650573 60000 3788403 3435294 2573372 2237864 12094933 0 0 0 5299987 41873045 14465556 17757076 4349842 83745506 0 0 0 83745506 380179 15924 12343 11460 9469 429375 0 380179 15924 12343 11460 9469 429375 0 97999 97999 5778165 41888969 14477899 17768536 4359311 84272880 0.99374 0.98872 0.00509 0.01011 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303517 169476 134041 223152 121929 101223 235264 ACQUISITION FEE (NET OF AMORT) 85136 FINANCING COSTS, NET 85112 INTEREST RECEIVABLE 4737583 DEPOSITS 475939 DUE FROM AFFILIATES 21450528 26834298 0 0 X fin 48 disclosure 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, 2013. 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, 2013. 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 2010 remain open. true EAGLE BANK FOUNDATION CO GOLD CLASSIC 7815 WOODMONT AVENUE BETHESDA MD 20814 920195178 501(C)(3) 12500 breast cancer research Arlington Partnership for Affordable Housing 2704 N Pershing Drive Arlington VA 22201 541515133 501(c)(3) 10000 assistance Community Services Foundation 6606 Greig Street Seat Pleasant MD 20743 452635513 501(c)(3) 75000 Funding for capital strategic planning, staff development, capital improvements, resource development, marketing and building reserves. Friends of Franklin Steele Park 719 10th Street South Minnealpolis MN 55404 501(c)(3) 6500 assistance Schedule I, Part I, Line 2 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 48000 0 0 288000 0 0 0 NOAH NORDHEIMER SR. VP 185000 0 426200 0 0 0 29500 0 0 640700 0 0 0 JANET CHARLTON EXECUTIVE VICE PRESIDENT 240000 0 0 0 0 0 48000 0 0 288000 0 0 0 eliot reid president and ceo 335000 0 455800 0 0 0 57500 0 0 848300 0 0 0 Todd Travis CFO 235000 0 206200 0 0 0 38500 0 0 479700 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, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST. part vi, section b, quesiton 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. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:1001699 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 HOUSING MD 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 1150 72993 false false 0.01000 brookside general partner llc 11200 rockville pike suite 250 rockville MD 20852 274150955 real estate i MD brookside hsg c corp -54 7487011 1.00000 true glenview general partner llc 11200 rockville pike suite 250 rockville MD 20852 273751726 real estate i MD glenview housin c corp -40 90225 1.00000 true king housing inc 11200 rockville pike suite 250 rockville MD 20852 272684470 real estate i MD king hsg inc c corp 2516 1.00000 true glenarden Associates llc 11200 rockville pike suite 200 rockville MD 20852 274970928 real estate i MD glenarden hsg c corp -73 1229 1.00000 true glenreed associates llc 11200 rockville pike suite 200 rockville MD 20852 274974184 real estate i MD glenreed hsg c corp -45 913 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 -36 771061 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 1103523 Cash LONDONDERRY HOUSING INC C 1008455 Cash Salem Lafayette L 10227399 FMV KING HOUSING INC L 2696277 FMV Union L 1423680 FMV Mid-Pine L 1120323 FMV Settlers Point L 621516 fmv glenarden housing of maryland inc L 1690882 fmv glenreed housing inc L 1265196 fmv Springdale L 1269459 FMV Huntington Housing s 2099077 fmv EB Affordable R 3588257 fmv Echelon housing R 7306556 fmv McConnell s 50000 fmv Northlake S 255000 fmv Whitney Preservation R 12 fmv