2013-11-15T13:12:45-06:00 2012-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2012-01-01 521665967 NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC % TODD TRAVIS NATI 3019980440 11200 ROCKVILLE PIKE 220 Suite ROCKVILLE MD 20852 Todd Travis 3019980401 2013-11-15 true ED RYAN CPA 3016529100 2012 2016-03-07 17:11:31Z MARTIN SCHWARTZBERG 11200 ROCKVILLE PIKESTE 225 ROCKVILLE MD 20852 17768536 false X http://nfahs.com X 1990 DC THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THEIR UNDERSERVED POPULATION with solutions and access to housing. 8 7 20 0 11030262 15183704 3435294 2573372 12343 11460 0 0 14477899 17768536 47710 101150 0 0 1098886 1526763 0 0 0 2357563 2095706 3504159 3723619 10973740 14044917 72394496 83165257 5877165 1704482 66517331 81460775 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 3433947 2573372 THE EO RESEARCHES VARIOUS APPROACHES TO ENSURE ADEQUATE AFFORDABLE HOUSING INCLUDING A TAX-BASED STRATEGY AND A NON-PROFIT CONVERSION STRATEGY. IT SPEAKS AND DEALS WITH INDUSTRY LEADERS, CREATES FINANCIAL MODELS AND PREPARES VARIOUS POSITION REMARKS. IT ALSO EXPLORES NON-PROFIT OWNERSHIP OF AFFORDABLE HOUSING. IN ADDITION, IT CREATES 509(A)(3) ORGANIZATIONS THAT ACQUIRE AFFORDABLE LOW INCOME HOUSING. 3433947 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 13 0 true 20 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 40.0 1.0 X X 238750 0 0 DENISE MUHA 1.0 1.0 X BERNARD BEAL 1.0 1.0 X ANTHONY COELHO 1.0 1.0 X REV MSGR WILLIAM LINDER 1.0 1.0 X JASON GOLDBLATT 1.0 1.0 X ROBERT WELTCHEK 1.0 1.0 X Jay Berman 1.0 1.0 X eliot reid 40.0 1.0 X 446333 Todd Travis 40.0 1.0 X 285000 NOAH NORDHEIMER 40.0 1.0 X 554200 JANET CHARLTON 40.0 1.0 X 242917 richard M charlton II 40.0 1.0 X 130500 jaymar g joseph 40.0 1.0 X 173583 rosann redmon 40.0 X 114500 2185783 0 0 8 false true false Green Wall Group LLC 16 Moulton Road SOUTHBOROUGH MA 01772 technical advisory 301250 1 14534085 649619 15183704 FEE INCOME 531110 120000 120000 INTEREST NOTE RECEIVABLE 531110 2371196 2371196 OTHER REVENUE 531110 82176 82176 2573372 11460 11460 0 0 0 0 0 0 0 0 0 0 17768536 2573372 11460 101150 101150 0 0 0 1136000 1136000 0 308758 308758 0 0 82005 82005 0 129635 129635 48100 48100 0 0 0 350537 350537 0 348320 348320 0 0 225630 225630 0 0 0 268572 268572 0 200768 200768 33343 33343 OTHER EXPENSE 424538 322376 102162 TUITION, DUES AND SUBSCRIPTION 9775 9775 NON-REIMBURSABLE COSTS 56488 56488 3723619 3433947 289672 0 X 2534166 13735713 9036480 4364153 0 0 2630423 5003194 0 0 0 0 42623501 43963501 0 0 0 0 471055 239100 135580 231955 0 0 0 0 0 0 0 0 15434346 15866741 72394496 83165257 1122915 354482 0 0 0 0 0 0 0 0 0 0 0 0 4754250 1350000 0 0 5877165 1704482 X 60293091 77096622 6224240 4364153 0 0 66517331 81460775 72394496 83165257 14044917 898527 X false true X true false X 1327919 5239987 38084642 11030262 15183704 70866514 60000 60000 3788403 3435294 2573372 9917069 0 0 0 1387919 5299987 41873045 14465556 17757076 80783583 0 0 0 80783583 405857 380179 15924 12343 11460 825763 0 405857 380179 15924 12343 11460 825763 0 -1695 97999 96304 1792081 5778165 41888969 14477899 17768536 81705650 0.98872 0.97754 0.01011 0.02100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303517 140777 162740 167538 98323 69215 231955 ACQUISITION FEE (NET OF AMORT) 93638 FINANCING COSTS, NET 273394 INTEREST RECEIVABLE 4042524 DEPOSITS 275939 DUE FROM AFFILIATES 11181246 15866741 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, 2012. 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, 2012. Accordingly, these financial statements do not reflect a provision for income taxes. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain tax position that more likely than not would be sustained upon examination by a government authority. Management has analyzed the tax positions taken by the Foundation and has concluded that as of December 31, 2012, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Foundation is subject to routine audit by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2009. true BRAIN TUMOR RESEARCH TRUST 13009 BOSWELL COURT POTOMAC MD 20854 522222035 501(c)(3) 10000 FOR RESEARCH EAGLE BANK FOUNDATION CO GOLD CLASSIC 7815 WOODMONT AVENUE BETHESDA MD 20814 501(C)(3) 12500 breast cancer research national leased housing association education fund 1900 L Street NW Suite 300 Washington DC 20036 421717667 501(c)(3) 10000 Education Close UP foundations 1330 Braddock Place Suite 400 Alexandria VA 22314 237122882 501(c)(3) 7500 Provide Education on democracy Epilepsy foundation of america 8301 Professional Place Landover MD 20785 520856660 501(c)(3) 10000 Epilepsy research Duke University 501(C)(3) 10000 Education Casey Cares Foundation Inc 3918 Vero Road Suite C Baltimore MD 21227 522259802 501(C)(3) 10000 Assisting critically ill children and families 7 MONITORING THE USE OF GRANT FUNDS 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 238750 0 0 0 0 0 0 0 0 0 238750 0 0 0 NOAH NORDHEIMER 220000 334200 554200 JANET CHARLTON 242917 242917 eliot reid 261333 185000 446333 jaymar g joseph 116583 57000 173583 Todd Travis 173000 112000 285000 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 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 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 governance PART VI, SECTION B, LINE 12C AN AFFIRMATIVE SIGNED STATEMENT OF NO CONFLICTS IS REQUIREd. governance PART VI, SECTION B, LINE 15B THE COMPENSATION COMMITTEE REVIEWS. THERE HAS BEEN VERY LITTLE CHANGE. governance PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST. governance 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. 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 GLENVIEW 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 1467 76808 false false 0.01000 brookside general partner llc 11200 rockville pike suite 250 rockville MD 20852 274150955 real estate inv MD brookside hsg c corp -92 7920254 1.00000 true glenview general partner llc 11200 rockville pike suite 250 rockville MD 20852 273751726 real estate inv MD glenview housin c corp -49 356417 1.00000 true king housing inc 11200 rockville pike suite 250 rockville MD 20852 272684470 real estate inv MD king hsg inc c corp 2585 1.00000 true glenarden Associates llc 11200 rockville pike suite 200 rockville MD 20852 274970928 real estate inv MD glenarden hsg c corp -73 1363 1.00000 true glenreed associates llc 11200 rockville pike suite 200 rockville MD 20852 274974184 real estate inv MD glenreed hsg c corp -42 993 1.00000 true NFAHS Mid Pine Affordable LLC 11200 Rockville Pike Suite 250 Rockville MD 20852 453414352 real estate inv MD N/A C Corp -54 1083149 1.00000 true false false true false false false false false false false false true false false false false false true false CLAIBORNE HOUSING INC C 5952900 fmv LONDONDERRY HOUSING INC C 7191133 fmv GLENVIEW HOUSING INC L 2111739 FMV KING HOUSING INC L 2696277 FMV BROOKSIDE HOUSING INC 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 R 1021153 fmv EB Affordable R 78739 fmv Echelon housing R 150000 fmv Glenview Housing Inc R 271237 fmv King Housing Inc R 147710 fmv Mt Carmel housing inc R 117657 fmv NFAHS Development R 2955366 fmv APNJ Partners LP C 1357052 Cash