2014-11-14T11:04:33-06:00 2013-12-31 521158459 HERTZBACH & COMPANY PA 800 RED BROOK BLVD SUITE 300 OWINGS MILLS MD 21117 990 2013-01-01 203149168 THC AFFORDABLE HOUSING INC THCA 2022915535 5101 SIXTEENTH STREET NW WASHINGTON DC 20011 POLLY DONALDSON EXECUTIVE DIRECTOR 2022915535 2014-11-14 1 JEFFREY M KLEEMAN P00849057 4103633200 2013 2015-11-30 17:44:51Z POLLY DONALDSON 5101 16TH STREET NW WASHINGTON DC 20011 110691 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. 9 9 0 9 0 0 81100 54050 0 3105 3129 3407 41752 50129 125981 110691 0 0 0 0 0 0 0 0 0 177881 178013 177881 178013 -51900 -67322 2373743 4971972 0 2665551 2373743 2306421 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 178013 53234 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. 178013 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 DC X POLLY DONALDSON EXECUTIVE DIRECTOR 2022915535 5101 16TH STREET NW WASHINGTON DC 20011 PHILIP H HECHT PRESIDENT 1.00 1.00 X X 0 0 0 WINELL BELFONTE VICE PRESIDENT 1.00 1.00 X X 0 0 0 ROY PINGITORE SECRETARY 1.00 1.00 X X 0 0 0 W KIMBALL GRIFFITH TRESAURER 1.00 1.00 X X 0 0 0 ROBERT LELAND BOARD MEMBER 1.00 1.00 X 0 0 0 MICHAEL T MILHAUPT BOARD MEMBER 1.00 1.00 X 0 0 0 JOSEPH HOWELL BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES C ROUMELL BOARD MEMBER 1.00 1.00 X 0 0 0 MELISSA BARRETT BOARD MEMBER 1.00 1.00 X 0 0 0 POLLY DONALDSON EXECUTIVE DIRECTOR 10.00 30.00 X 0 114038 16421 0 114038 16421 0 0 0 0 TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 MANAGEMENT SERVICES 175431 1 54050 54050 RESIDENT SERVICES FEE 531110 3105 3105 3105 3407 3407 REFUND OF SETTLEMENT C 531110 50129 50129 50129 110691 53234 0 3407 175431 175431 300 300 319 319 1410 1410 MISCELLANEOUS 553 553 178013 178013 0 0 132499 24962 250354 350969 20000 25000 1116446 1119221 2275000 0 0 2275000 12277 854444 1164543 2373743 4971972 32541 2633010 0 2665551 X 2349242 2277421 24501 29000 2373743 2306421 2373743 4971972 -67322 0 X X 0 1 X 1 0 X 260498 1360920 152992 81100 54050 1909560 260498 1360920 152992 81100 54050 1909560 52652 1856908 770 2575 3129 3407 9881 1919441 1697830 0.96740 0.96740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1275000 1275000 2275000 DEVELOPER FEE RECEIVABLE 726585 PROJECT DEVELOPMENT COSTS 437958 1164543 X 4606583 4495892 4495892 110691 0 110691 5095294 5092712 5092712 2582 175431 175431 178013 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, 2013 AND 2012. 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, 2010 THROUGH DECEMBER 31, 2013 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 4,495,892. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSES INCLUDED IN CONSOLIDATED F/S NOT ON 990 5,092,712. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 175,431. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO STATE THAT THE MEMBERS OF THE BOARD OF DIRECTORS OF TRANSITIONAL HOUSING CORPORATION (THC) SHALL SERVE, EX OFFICIO, AS THE DIRECTORS OF THC AFFORDABLE HOUSING, INC. (THCAH) WITHOUT THE REQUIREMENTS OF NOMINATION AND ELECTION BY THE BOARDS OF DIRECTORS OF THCAH. 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 2013 FOR THE EXECUTIVE DIRECTOR AND 2013 FOR THE DIRECTOR OF FINANCE. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PARTNER ARMS 4 LLC 5101 16TH ST NW WASHINGTON DC 20011 800894542 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC 0 2275000 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 -19 876044 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 -14 678472 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 -9 429262 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 -6 312097 0.00460 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0