2014-10-21T07:30:30-05:00 2014-06-30 CRAFT NOBLE & COMPANY PLLC 1018 IVAL JAMES BLVD STE B RICHMOND KY 40475 990 2013-07-01 310986871 FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC FEDE 8599862321 319 OAK STREET BEREA KY 40403 JIM KING PRESIDENT/CEO 8599862321 2014-10-20 true JOHN N CRAFT P00083964 8596234027 2014-10-21 2013 2015-11-30 17:44:51Z 9035931 false X WWW.FAHE.ORG X 1980 KY FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 50,000 FAMILIES ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED. 13 13 39 13 0 3382421 5723549 2588187 2636614 522106 480070 48894 195698 6541608 9035931 0 0 2311940 2455178 0 211842 3737278 4919182 6049218 7374360 492390 1661571 52105107 53323354 30875719 30432395 21229388 22890959 X FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 50,000 FAMILIES ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED. false false 1694729 FAHE WAS FOUNDED AS AN ORGANIZATION TO PROMOTE AFFORDABLE HOUSING IN APPALACHIA BUT HAS EXPANDED ITS GOALS TO NOT ONLY BE A LEADER IN HOUSING CONCERNS, BUT TO PARTNER WITH OTHER ORGANIZATIONS TO IMPACT REGIONAL ISSUES SUCH AS ENERGY EFFICIENCY, HEALTH, EDUCATION, AND ISSUES FOR THE AGING AND ELDERLY. ONE OF THE WAYS IT ACHIEVES THIS IMPACT IS BY HAVING A DIVERSE SET OF BUSINESS LINES THAT RELY ON PARTNERSHIP TO SERVE THE REGION. FAHE'S MORTGAGE LENDING DIVISION, JUSTCHOICE LENDING, HAS PARTNERED WITH THE U.S. DEPT. OF AGRICULTURE AND KEY LENDERS SUCH AS J.P. MORGAN CHASE BANK TO ACHIEVE 37 MILLION IN SINGLE-FAMILY MORTGAGE LOANS FOR FY 2014. FAHE'S CONSULTING DIVISION ROUTINELY WORKS WITH CITY GOVERNMENTS IN OUR REGION TO IMPROVE INFRASTRUCTURE, PROVIDE ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION. FAHE ALSO HAS A COMMUNITY LENDING FUND, WHICH OFFERS FINANCING FOR MULTI-FAMILY HOUSING PROJECTS, COMMUNITY FACILITIES, AND MEDICAL FACILITIES THROUGHOUT APPALACHIA. FURTHERMORE, THE 50+ MEMBER FAHE NETWORK EMPLOYS OVER 2500 FULL-TIME EMPLOYEES. THE NETWORK WAS ALSO RESPONSIBLE FOR THE CREATION OF OVER 3500 LIVING-WAGE JOBS IN FY 2014, MAKING IT A LEADER IN JOB CREATION IN ONE OF THE COUNTRY'S HIGHEST UNEMPLOYMENT RATE AREAS. IN FY 2014, FAHE HAD A TOTAL DIRECT INVESTMENT IN THE APPALACHIAN REGION OF 80 MILLION, WITH CAPITAL OF 209 MILLION UNDER MANAGEMENT INCLUDING LOANS SERVICED FOR OTHER ORGANIZATIONS. THROUGH LEVERAGING THESE ASSETS, FAHE AND ITS MEMBERS SERVED OVER 50,000 PEOPLE WITH HOUSING IN FY 2014. IN ITS 30- YEAR HISTORY, THE FAHE NETWORK HAS SERVED MORE THAN 225,000 APPALACHIANS WITH HOUSING, MADE OVER 469 MILLION IN DIRECT INVESTMENT, AND ACHIEVED A TOTAL CUMULATIVE FINANCIAL IMPACT OF OVER A BILLION DOLLARS IN THE APPALACHIAN REGION. 1694729 true true false false false false false false true false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 1542 0 true 39 true false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false KY X X BRITTNEY MURPHY 8599862321 319 OAK STREET BEREA KY 40403 LINA PAGE MEMBER 1.00 X 0 0 0 JOSEPH BELDEN MEMBER 1.00 X 0 0 0 SCOTT MCREYNOLDS MEMBER 1.00 X 0 0 0 ANDY KEGLEY MEMBER 1.00 X 0 0 0 DAVID KREHER MEMBER 1.00 X 0 0 0 JUSTIN MAXSON MEMBER 1.00 X 0 0 0 DIANE N LOEFFLER MEMBER 1.00 X 0 0 0 ROBERT ADAMS MEMBER 1.00 X 0 0 0 KAREN JACOBSON MEMBER 1.00 X 0 0 0 JOHN MARTYS MEMBER 1.00 X 0 0 0 JACKIE MAYO MEMBER 1.00 X 0 0 0 SANDY SPURLING MEMBER 1.00 X 0 0 0 COLIN ARNOLD MEMBER 1.00 X 0 0 0 JIM KING PRESIDENT 40.00 X 112767 0 28134 SARA MORGAN SECRETARY 40.00 X 102923 0 14336 PAM JOHNSON VICE PRESIDE 40.00 X 94223 0 25668 309913 68138 2 false false false 4418554 1304995 5723549 FEES & SERVICES CHARGES 1479033 1479033 MORTGAGE & NOTE INTEREST 1125882 1125882 ADMINISTRATION INCOME 27499 27499 RENTAL PROPERTY 4200 4200 2636614 480070 480070 MISCELLANEOUS INCOME 185347 185347 GAIN ON ACQUISITION OF ASSETS 10351 10351 195698 9035931 2832312 480070 374017 374017 1639799 908855 671505 59439 81422 36470 43483 1469 208552 105706 92242 10604 151388 80400 66226 4762 130007 63830 58355 7822 17136 8413 7692 1031 32007 232 31242 533 18618 8819 8931 868 56141 26621 26565 2955 150793 34559 115833 401 67556 6585 60971 566175 566175 110071 52139 52139 5793 46185 21984 21781 2420 PASS THRU GRANTS 2517658 2517658 CONTRACT SERVICES 280200 27907 151910 100383 BAD DEBT EXPENSE 214855 214855 LOANS FORGIVEN 135932 250 135682 575848 311959 250527 13362 7374360 1694729 5467789 211842 3280782 5877221 7867913 4625802 495761 311767 536626 589845 37467943 36799616 101716 140082 4136999 607373 934904 3529626 75700 88500 621437 643750 722325 717145 52105107 53323354 496565 1097069 1897949 1794340 868267 1310771 23601141 24215818 4011797 2014397 30875719 30432395 X 8834082 10286544 11395306 11176915 1000000 1427500 21229388 22890959 52105107 53323354 1661571 X false true X true true true X 3742688 3517964 5405008 3382421 5723549 21771630 3068563 2102919 2637081 2832312 10640875 3742688 6586527 7507927 6019502 8555861 32412505 1729090 2016087 3414811 2689610 4816503 14666101 1729090 2016087 3414811 2689610 4816503 14666101 17746404 955848 1198350 2242707 522106 480070 5399081 955848 1198350 2242707 522106 480070 5399081 4698536 7784877 9750634 6541608 9035931 37811586 0.46930 0.44070 0.14000 0.18000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 35000 35000 3534027 153809 3380218 28295 28295 539677 425269 114408 3529626 EQUITY EQUIVALENT 2000000 CLIENT ADVANCES & DEPOSITS 8488 LONG TERM SERVICING PAYABLE 5909 2014397 9035931 9035931 9035931 7374360 7374360 7374360 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION COLLECTS AND MAINTAINS AN ESCROW ACCOUNT FOR MORTGAGES IT MAINTAINS WITH ITS MORTGAGE CUSTOMERS. IT ALSO MAINTAINS AN ESCROW ACCOUNT FOR MORTGAGES IT SERVICES FOR OTHER ORGANIZATIONS. THIS ESCROW IS MAINTAINED FOR CUSTOMERS TO ESCROW FOR TAXES AND INSURANCE. FORM 990 - ORGANIZATION'S MISSION FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 50,000 FAMILIES ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED. FORM 990, PAGE 2, PART III, LINE 4A CONSULTING DIVISION ROUTINELY WORKS WITH CITY GOVERNMENTS IN OUR REGION TO IMPROVE INFRASTRUCTURE, PROVIDE ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION. FAHE ALSO HAS A COMMUNITY LENDING FUND, WHICH OFFERS FINANCING FOR MULTI-FAMILY HOUSING PROJECTS, COMMUNITY FACILITIES, AND MEDICAL FACILITIES THROUGHOUT APPALACHIA. FURTHERMORE, THE 50+ MEMBER FAHE NETWORK EMPLOYS OVER 2500 FULL-TIME EMPLOYEES. THE NETWORK WAS ALSO RESPONSIBLE FOR THE CREATION OF OVER 3500 LIVING-WAGE JOBS IN FY 2014, MAKING IT A LEADER IN JOB CREATION IN ONE OF THE COUNTRY'S HIGHEST UNEMPLOYMENT RATE AREAS. IN FY 2014, FAHE HAD A TOTAL DIRECT INVESTMENT IN THE APPALACHIAN REGION OF 80 MILLION, WITH CAPITAL OF 209 MILLION UNDER MANAGEMENT INCLUDING LOANS SERVICED FOR OTHER ORGANIZATIONS. THROUGH LEVERAGING THESE ASSETS, FAHE AND ITS MEMBERS SERVED OVER 50,000 PEOPLE WITH HOUSING IN FY 2014. IN ITS 30- YEAR HISTORY, THE FAHE NETWORK HAS SERVED MORE THAN 225,000 APPALACHIANS WITH HOUSING, MADE OVER 469 MILLION IN DIRECT INVESTMENT, AND ACHIEVED A TOTAL CUMULATIVE FINANCIAL IMPACT OF OVER A BILLION DOLLARS IN THE APPALACHIAN REGION. FORM 990, PAGE 6, PART VI, LINE 11B AN ELECTRONIC COPY OF THE RETURN WAS EMAILED TO MANAGEMENT FOR REVIEW AND APPROVAL. ONCE APPROVED BY MANAGEMENT THE ELECTRONIC COPY WAS SUBMITTED TO THE FINANCE COMMITTEE AND THE ENTIRE BOARD OF DIRECTORS FOR REVIEW BEFORE FINAL SUBMISSION TO THE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS AND OFFICERS ARE REQUIRED TO PERIODICALLY COMPLETE A NEW CONFLICT OF INTEREST DISCLOSURE. THE DISCLOSURE IS COMPLETED AND MONITORED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION REGULARLY REVIEWS A COMPENSATION SURVEY PUBLISHED BY NEIGHBORWORKS AMERICA WHEN MAKING SALARY DECISIONS FOR THE EXECUTIVE DIRECTOR. THE ORGANIZATION ALSO REVIEWS INDUSTRY SCHEDULES FROM OPPORTUNITY FINANCE NETWORK. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION REGULARLY REVIEWS A COMPENSATION SURVEY PUBLISHED BY NEIGHBORWORKS AMERICA WHEN MAKING SALARY DECISIONS FOR THE OTHER OFFICERS AND KEY EMPLOYEES WHEN AVAILABLE. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FAHE CONSULTING LLC PO BOX 908 BEREA KY 40403 208247186 CDBG CONS. KY N/A FAHE TN LLC 106 PASCO STREET BEREA KY 40403 461677318 FIN. FAC. TN N/A FAHE CAPITAL CORPORATION I PO BOX 908 BEREA KY 40403 611386668 LIH PROJEC KY N/A S CORP false false false false false false false false false false false false false false false false false false false false