FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC (EIN 20-2563055)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-30
- IRS object ID
- 201303039349300640
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-30T12:06:56-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581367012 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HLB GROSS COLLINS PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3330 CUMBERLAND BOULEVARD 900 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30339 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202563055 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FARH-LAMPLIGHTER AFFORDABLE HOUSING INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FARH | NameControl |
| Phone | 7704331711 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3330 CUMBERLAND BLVD SUITE 900 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30339 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH E THOMAS III | Name |
| Title | PRESIDENT | Title |
| Phone | 7704331711 | Phone |
| Date Signed | 2013-10-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ELIZABETH A SALVATI | Name |
| PTIN | P00172424 | PTIN |
| Phone | 7704331711 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOSEPH E THOMAS III | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5025 WILDEOAK TRAIL | AddressLine1 |
| City | DOUGLASVILLE | City |
| State | GA | State |
| ZIP Code | 30135 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3580976 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2005 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE LOW INCOME HOUSING | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 529807 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 490677 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 231 | InvestmentIncomePriorYear |
| Investment Income Current Year | -607456 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1565298 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 530038 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1448519 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 898283 | OtherExpensePriorYear |
| Other Expenses Current Year | 954034 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 898283 | TotalExpensesPriorYear |
| Total Expenses Current Year | 954034 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -368245 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 494485 | RevenuesLessExpensesCY |
| Total Assets BOY | 2241592 | TotalAssetsBOY |
| Total Assets EOY | 28829 | TotalAssetsEOY |
| Total Liabilities BOY | 4488082 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1780834 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -2246490 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -1752005 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE LOW INCOME HOUSING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 954034 | Expense |
| Revenue | 1448518 | Revenue |
| Description | COURTYARDS AT ROSELAWN PARK APARTMENTS, LOCATED AT 5070 ROSELAWN DRIVE, INDIANAPOLIS, IN 46226, HAS 138 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE. | Description |
| Total Program Service Expense | 954034 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 1 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 16 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREYSTONE PROPERTY MANAGEMENT CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3175940204 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8383 CRAIG STREET SUITE 240 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|---|
| JOSEPH E THOMAS III | |||||||
| PRESIDENT/TREASURER | 1.00 | 1.00 | X | X | 0 | 0 | 0 |
| TERENCE SCHWARTZ | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN N SAMP | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| ANGELA THOMAS | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| KELLEY MATTINSON | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| ELAINE BOLICK | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL LOPRETE | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RENTAL INCOME | 531110 | 405308 | 405308 |
| ANCILLARY INCOME | 531110 | 85369 | 85369 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 490677 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1 | TotalRevenueColumn |
| Exclusion | $1 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1525000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 2132457 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -607457 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -607457 | TotalRevenueColumn |
| Related Or Exempt Function Income | -607457 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CANCELLATION OF INDEBTNESS | Description |
| Business Code | 531110 | BusinessCode |
| Total Revenue Column | 1565298 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1565298 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1565298 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1448519 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1448518 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1 | ExclusionAmount |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22000 | Total |
| Program Services | 22000 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10250 | Total |
| Program Services | 10250 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1600 | Total |
| Program Services | 1600 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18405 | Total |
| Program Services | 18405 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4489 | Total |
| Program Services | 4489 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115277 | Total |
| Program Services | 115277 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87649 | Total |
| Program Services | 87649 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30514 | Total |
| Program Services | 30514 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| BAD DEBT EXPENSE | 250729 | 250729 |
| CONTRACT LABOR | 139944 | 139944 |
| UTILITIES | 138782 | 138782 |
| EQUIPMENT RENTAL & MAIN | 124009 | 124009 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10386 | Total |
| Program Services | 10386 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 954034 | Total |
| Program Services | 954034 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11325 | BOY |
| EOY | 23635 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179853 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3136 | BOY |
| EOY | 5194 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 0 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 0 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1997929 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49349 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2241592 | BOY |
| EOY | 28829 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 903188 | BOY |
| EOY | 145375 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1480098 | BOY |
| EOY | 1584198 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2075000 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29796 | BOY |
| EOY | 51261 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4488082 | BOY |
| EOY | 1780834 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -2246490 | BOY |
| EOY | -1752005 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -2246490 | BOY |
| EOY | -1752005 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2241592 | BOY |
| EOY | 28829 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 494485 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 520244 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 515682 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 529807 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 489858 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1448518 | CurrentTaxYear |
| Total | 3504109 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 520244 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 515682 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 529807 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 489858 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1448518 | CurrentTaxYear |
| Total | 3504109 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 3504109 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 306 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 33 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 231 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1 | CurrentTaxYear |
| Total | 591 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 306 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 33 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 231 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1 | CurrentTaxYear |
| Total | 591 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 520550 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 515715 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 529827 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 490089 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1448519 | CurrentTaxYear |
| Total | 3504700 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99980 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.99960 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00020 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00040 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR AFFORDABLE RENTAL HOUSING INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | TO OPERATE AFFORDABLE RENTAL HOUSING. | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $1,365,496 | OriginalPrincipalAmount |
| Balance Due | 1584198 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 0 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1584198 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| ELIZABETH SALVATI | ||
| ELIZABETH SALVATI IS MARRIED TO STEPHEN SAMP. | ELIZABETH SALVATI WORKS FOR THE FIRM THAT PROVIDES TAX AND ACCOUNTING SERVICES. AMOUNT OF TRANSACTION IS BELOW REPORTABLE THRESHOLD. | 0 |
| ELIZABETH SALVATI | ||
| ELIZABETH SALVATI IS FORMER OFFICER AND DIRECTOR. | ELIZABETH SALVATI WORKS FOR THE FIRM THAT PROVIDES TAX AND ACCOUNTING SERVICES. AMOUNT OF TRANSACTION IS BELOW REPORTABLE THRESHOLD. | 0 |
Schedule N IRS990ScheduleN
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | COURTYARDS AT ROSELAWN PARK APARTMENTS (LOCATED AT 5070 ROSELAWN DRIVE, INDIANAPOLIS, IN 46226) | DescriptionOfAsset |
| Date Of Distribution | 2012-11-30 | DateOfDistribution |
| FMV Of Asset | 1525000 | FMVOfAsset |
| Method Of FMV Determination | SALES PRICE | MethodOfFMVDetermination |
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | E2E 1 LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1904 OGDEN AVENUE | AddressLine1 |
| City | LISLE | City |
| State | IL | State |
| ZIP Code | 60532 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | LLC | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2 |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2 |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2 |
| Receive Compensation2 | 0 | ReceiveCompensation2 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE ORGANIZATION SOLD COURTYARDS AT ROSELAWN PARK APARTMENTS ON 11/29/2012 AND PLANS TO OPERATE ANOTHER AFFORDABLE LOW-INCOME HOUSING PROJECT IN THE FUTURE. |
| FORM 990, PART VI, SECTION A, LINE 2 | JOSEPH E. THOMAS, III AND ANGELA THOMAS ARE MARRIED. | |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO GREYSTONE PROPERTY MANAGEMENT. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A NON STOCK CORPORATION AND FOUNDATION FOR AFFORDABLE RENTAL HOUSING, INC. IS ITS SOLE MEMBER. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBER ELECTS THE OFFICERS OF THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS, CERTAIN TRANSACTIONS REQUIRE THE APPROVAL OF THE ORGANIZATION'S SINGLE MEMBER | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS PREPARED BY HLB GROSS COLLINS, P.C., AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. FORM 990 IS THEN PROVIDED TO MANAGEMENT FOR THEIR REVIEW, APPROVAL, AND SIGNATURE. FORM 990 IS TYPICALLY ELECTRONICALLY FILED AFTER MANAGEMENT REVIEWS AND PROVIDES AN ELECTRONIC FILING SIGNATURE DOCUMENT TO TAX PREPARER. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PERSONS UPON REQUEST. | |
| FORM 990, PART VI, SECTION A, LINE 9 | JOSEPH E. THOMAS, III - 5025 WILDEOAK TRAIL, DOUGLASVILLE, GA 30135 TERENCE SCHWARTZ - 35 MONTROSE ROAD, SCARSDALE, NY 10583 STEPHEN N. SAMP - 3122 ARGONNE DRIVE, ATLANTA, GA 30305 ANGELA THOMAS - 5025 WILDEOAK TRAIL, DOUGLASVILLE, GA 30135 KELLEY MATTINSON - 1632 NUTHATCH COURT, MARIETTA, GA 30062 ELAINE BOLICK - 603 DELPHINIUM BOULEVARD, ACWORTH, GA 30102 MICHAEL LOPRETE - 12409 BOBBINK COURT, POTOMAC, MD 20854 | |
| CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC | FORM 990, PART VII | JOSEPH E. THOMAS, III - 5025 WILDEOAK TRAIL, DOUGASVILLE, GA 30135. TERENCE SCHWARTZ - 35 MONTROSE ROAD, SCARSDALE, NY 10583. STEPHEN N. SAMP - 3122 ARGONNE DRIVE, ATLANTA, GA 30305. ANGELA THOMAS - 5025 WILDEOAK TRAIL, DOUGASVILLE, GA 30135. KELLEY MATTINSON - 1632 NUTHATCH COURT, MARIETTA, GA 30062. ELAINE BOLICK - 603 DELPHINIUM BOULEVARD, ACWORTH, GA 30102. MICHAEL LOPRETE - 12409 BOBBINK COURT, POTOMAC, MD 20854. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (11 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| FARH BROOKSTONE | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 203866217 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH FOX LAKE | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 202562976 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH GREENBRIAR | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 202563022 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH NEWELL CREST FKA FARH OAK CROSSING | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 203866280 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH POSTBROOK | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 203866453 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH DEERFIELD FKA FARH ROCKSHIRE | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 203866388 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FOUNDATION FOR AFFORDABLE HOUSING | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 202743344 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH SOUTH | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 203865882 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FARH WEST | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 203866094 | TO PROVIDE LOW INCOME HOUSING | DE | 501(C)(3) | 509(A)(2) | N/A | 0 |
| GULF COAST HOUSING ASSISTANCE | ||||||||||
| 3330 CUMBERLAND BLVD SUITE 900 | ATLANTA | GA | 30339 | 742817930 | TO PROVIDE LOW INCOME HOUSING | TX | 501(C)(3) | 509(A)(2) | N/A | 0 |
| FSRTENNESSEE AFFORDABLE HOUSING FOUNDATION | ||||||||||
| 6629 SPRING ST | DOUGLASVILLE | GA | 30134 | 621661272 | TO PROVIDE LOW INCOME HOUSING | TN | 501(C)(3) | 509(A)(2) | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR AFFORDABLE RENTAL HOUSING INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | E | TransactionType |
| Amount Involved | 1584198 | AmountInvolved |
| Method Of Amt Determination | FAIR MARKET | MethodOfAmtDetermination |
Comments