AMERICAN VILLAGE COMMUNITIES INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN VILLAGE COMMUNITIES INC (EIN 52-1822533)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-12
- IRS object ID
- 201333169349303678
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-12T11:38:45-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 610484308 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELENKEN CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 WEST MARKET STREET SUITE 200 | AddressLine1 |
| City | LOUISVILLE | City |
| State | KY | State |
| ZIP Code | 402022757 | 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 | 521822533 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL HOUSING CORPORATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DANI | NameControl |
| Phone | 7035910288 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3937C UNIVERSITY DRIVE | AddressLine1 |
| City | FAIRFAX | City |
| State | VA | State |
| ZIP Code | 22030 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRANT BABER | Name |
| Title | PRESIDENT | Title |
| Phone | 7035910288 | Phone |
| Date Signed | 2013-11-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROY C HOAGLAND III CPA | Name |
| PTIN | P00082091 | PTIN |
| Phone | 5025853251 | 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 | BRANT BABER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3937C UNIVERSITY DRIVE | AddressLine1 |
| City | FAIRFAX | City |
| State | VA | State |
| ZIP Code | 22030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3264844 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 3342 | GroupExemptionNumber |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | PROVIDES AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 2 | 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 | 52771 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 45660 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3053969 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3192715 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 35985 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9683 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 15771 | OtherRevenuePriorYear |
| Other Revenue Current Year | 16786 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3158496 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3264844 | 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 | 430390 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 457759 | 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 | 2434043 | OtherExpensePriorYear |
| Other Expenses Current Year | 2439092 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2864433 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2896851 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 294063 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 367993 | RevenuesLessExpensesCY |
| Total Assets BOY | 14169975 | TotalAssetsBOY |
| Total Assets EOY | 14285976 | TotalAssetsEOY |
| Total Liabilities BOY | 12563200 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 12311208 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1606775 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1974768 | NetAssetsOrFundBalancesEOY |
| Mission Description | DANIEL HOUSING CORPORATION, A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION IN ACCORDANCE WITH SECTION 501(C)(3) OF THE IRC WAS ORGANIZED TO OWN AND OPERATE A 220 UNIT APARTMENT COMPLEX FOR LOW-INCOME AND VERY LOW-INCOME ELDERLY AND HANDICAPPED PERSONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2495324 | Expense |
| Revenue | 3209501 | Revenue |
| Description | PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS. | Description |
| Total Program Service Expense | 2495324 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | 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 | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | 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 | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | 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 | 0 | 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 | 2 | 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 |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 2 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAT BESSETTE QUANTUM REAL ESTATE M | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3018160800 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5101 RIVER ROAD SUITE 101 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 20816 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (5 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| BRANT BABER | ||||||
| PRESIDENT/DIRECTOR | 3.00 | X | X | 0 | 275000 | 267775 |
| MARGARET P BESSETTE | ||||||
| VICE PRES/DIRECTOR | 2.00 | X | X | 0 | 0 | 0 |
| KATHY GUY | ||||||
| DIRECTOR | 0.80 | X | 0 | 0 | 0 | |
| KATHERINE KALINOWSKI | ||||||
| DIRECTOR | 1.00 | X | 0 | 150000 | 262472 | |
| GEORGE S TYLER IV | ||||||
| DIRECTOR | 0.80 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 425000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 530247 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUANTUM REAL ESTATE MANAGEMENT LLC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5101 RIVER ROAD | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 20816 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | MANAGEMENT AGENT | DescriptionOfServices |
| Compensation | 157753 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 45660 | GovernmentGrants |
| Total Contributions | 45660 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RENTAL REAL ESTATE | 531110 | 3237907 | 3237907 |
| VACANCIES AND ALLOWANC | 531110 | -45192 | -45192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3192715 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9683 | TotalRevenueColumn |
| Exclusion | $9,683 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LAUNDRY & VENDING | 531110 | 10488 | 10488 |
| MISCELLANEOUS | 531110 | 6298 | 6298 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 16786 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3264844 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3209501 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $9,683 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 321661 | Total |
| Program Services | 321661 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84963 | Total |
| Program Services | 84963 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51135 | Total |
| Program Services | 51135 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157753 | Total |
| Management And General | 157753 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7090 | Total |
| Management And General | 7090 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13500 | Total |
| Management And General | 13500 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6577 | Total |
| Program Services | 6577 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21599 | Total |
| Program Services | 21599 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1203871 | Total |
| Program Services | 1203871 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 583514 | Total |
| Program Services | 583514 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| LENDER/SERVICER/ISSUER | 148184 | 148184 | |
| CONTRACTS | 126087 | 126087 | |
| CHARITABLE CONTRIBUTION | 50000 | 50000 | |
| MISC OPERATING & MAINTE | 46307 | 46307 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74610 | Total |
| Program Services | 49610 | ProgramServices |
| Management And General | 25000 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2896851 | Total |
| Program Services | 2495324 | ProgramServices |
| Management And General | 401527 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 803410 | BOY |
| EOY | 865347 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2143160 | BOY |
| EOY | 2147614 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24756 | BOY |
| EOY | 34421 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 919255 | BOY |
| EOY | 1005583 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16842597 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6754169 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10135432 | BOY |
| EOY | 10088428 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143962 | BOY |
| EOY | 144583 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14169975 | BOY |
| EOY | 14285976 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 285186 | BOY |
| EOY | 315089 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39671 | BOY |
| EOY | 41308 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12160000 | BOY |
| EOY | 11875000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78343 | BOY |
| EOY | 79811 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12563200 | BOY |
| EOY | 12311208 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1606775 | BOY |
| EOY | 1974768 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1606775 | BOY |
| EOY | 1974768 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14169975 | BOY |
| EOY | 14285976 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 367993 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 35008 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 48556 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 57175 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 52771 | CurrentTaxYearMinus1Year |
| Current Tax Year | 45660 | CurrentTaxYear |
| Total | 239170 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2728881 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2851844 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2959763 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3069740 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3209501 | CurrentTaxYear |
| Total | 14819729 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2763889 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2900400 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3016938 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3122511 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3255161 | CurrentTaxYear |
| Total | 15058899 | 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 | 15058899 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 183054 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 44146 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 35225 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 35985 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9683 | CurrentTaxYear |
| Total | 308093 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 183054 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 44146 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 35225 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 35985 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9683 | CurrentTaxYear |
| Total | 308093 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2946943 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2944546 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3052163 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3158496 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3264844 | CurrentTaxYear |
| Total | 15366992 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.98000 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.97490 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.02000 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.02510 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2455450 | OtherCostOrOtherBasis |
| Book Value | 2455450 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13839436 | OtherCostOrOtherBasis |
| Depreciation | 6365873 | Depreciation |
| Book Value | 7473563 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 451889 | OtherCostOrOtherBasis |
| Depreciation | 332941 | Depreciation |
| Book Value | 118948 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 95822 | OtherCostOrOtherBasis |
| Depreciation | 55355 | Depreciation |
| Book Value | 40467 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10088428 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TENANT SECURITY DEPOSITS | Description |
| Amount | $79,811 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 79811 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 3264844 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 3264844 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3264844 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2896851 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2896851 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2896851 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART X LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE TAXPAYER IS A TAX EXEMPT NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TAXPAYER'S FEDERAL FORMS 990 ARE GENERALLY OPEN TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRANT BABER | ||||||||||||||
| PRESIDENT/DIRECTOR | 0 | 275000 | 0 | 0 | 0 | 0 | 0 | 255282 | 0 | 12493 | 0 | 542775 | 0 | 0 |
| KATHERINE KALINOWSKI | ||||||||||||||
| DIRECTOR | 0 | 150000 | 0 | 0 | 0 | 0 | 0 | 249979 | 0 | 12493 | 0 | 412472 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | THE PRESIDENT (WHO ALSO IS A DIRECTOR) AND KATHERINE KALINOWSKI, A DIRECTOR, RECEIVE COMPENSATION ONLY FROM A RELATED EXEMPT ORGANIZATION, AMERICAN VILLAGE COMMUNITIES, INC., A VIRGINIA NONPROFIT CORPORATION AND SUPPORTING ORGANIZATION FOR TAXPAYER UNDER SEC 509(A)(3) OF THE IRC, BUT RECEIVES NO COMPENSATION FROM THE TAXPAYER. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| HSG-EMERSON HOUSE APTS-SER A | ||||||||
| A | 521822533 | 741716BD5 | 2005-03-23 | 295000 | MULTIFAMILY HOUSING REVENUE SERIES 2005 A BONDS | 0 | 0 | 0 |
| HSG-EMERSON HOUSE APTS-SER A | ||||||||
| B | 521822533 | 741716BG8 | 2005-03-23 | 310000 | MULTIFAMILY HOUSING REVENUE SERIES 2005 A BONDS | 0 | 0 | 0 |
| HSG-EMERSON HOUSE APTS-SER A | ||||||||
| C | 521822533 | 741716AZ7 | 2005-03-23 | 325000 | MULTIFAMILY HOUSING REVENUE SERIES 2005 A BONDS | 0 | 0 | 0 |
| HSG-EMERSON HOUSE APTS-SER A | ||||||||
| D | 521822533 | 741716BH6 | 2005-03-23 | 10945000 | MULTIFAMILY HOUSING REVENUE SERIES 2005 A BONDS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|
| A | 295000 | 2008 | 1 | 0 | 1 | 1 | |||
| B | 310000 | 2008 | 1 | 0 | 1 | 1 | |||
| C | 325000 | 2008 | 0 | 0 | 1 | 1 | |||
| D | 10945000 | 2008 | 1 | 0 | 1 | 1 | 245502 | 70000 | 2259075 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 | 0 | 1 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 | 0 | 1 |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 | 0 | 1 |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| B | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| C | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| D | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 1 |
| B | 1 |
| C | 1 |
| D | 1 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K PART IV, ARBITRAGE, LINE 2C | Identifier |
| Return Reference | DATE REBATE COMPUTATION PERFORMED | ReturnReference |
| Explanation | ISSUER NAME: HSG-EMERSON HOUSE APTS-SER A DATE THE REBATE COMPUTATION WAS PERFORMED: 08/09/2010 ISSUER NAME: HSG-EMERSON HOUSE APTS-SER A DATE THE REBATE COMPUTATION WAS PERFORMED: 08/09/2010 ISSUER NAME: HSG-EMERSON HOUSE APTS-SER A DATE THE REBATE COMPUTATION WAS PERFORMED: 08/09/2010 ISSUER NAME: HSG-EMERSON HOUSE APTS-SER A DATE THE REBATE COMPUTATION WAS PERFORMED: 08/09/2010 | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUANTUM REAL ESTATE MANAGEMENT LLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | MANAGEMENT AGENT | Relationship |
| Amount Of Transaction | 157753 | AmountOfTransaction |
| Description Of Transaction | MARGARET P. BESSETTE, WHO IS A DIRECTOR OF THE ORGANIZATION IS ALSO EMPLOYED BY QUANTUM REAL ESTATE MANAGEMENT, LLC WHICH IS THE ORGANIZATION'S MANAGEMENT COMPANY | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | PRESIDENT AND DIRECTOR JOHN BRANTLEY BABER HAS A FAMILY RELATIONSHIP WITH DIRECTOR KATHERINE KALINOWSKI. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DRAFT FORM 990 IS PREPARED BY THE CERTIFIED PUBLIC ACCOUNTANTS RETAINED BY THE TAXPAYER FOR THIS PURPOSE. THE FORM 990 IS REVIEWED BY THE TAXPAYER'S PRESIDENT, WHO DEALS WITH ALL FINANCING, CONTRACT AND CAPITAL EXPENDITURE ISSUES FOR THE TAXPAYER, BY THE TAXPAYER'S GENERAL COUNSEL, WHO DEALS WITH ALL LEGAL AND REGULATORY ISSUES FOR THE TAXPAYER, AND BY THE TAXPAYER'S INDEPENDENT ACCOUNTANT WHO HANDLES ALL PAYABLES AND RECEIVABLES FOR THE TAXPAYER. THE FORM 990 IS SENT IN DRAFT FORM TO ALL MEMBERS OF THE BOARD OF DIRECTORS WITH THE REQUEST TO PROVIDE COMMENTS OR POSE QUESTIONS. IF NECESSARY, A SPECIAL MEETING OF THE BOARD WILL BE CONVENED TO DISCUSS THE FORM 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TAXPAYER'S CONFLICTS OF INTEREST AND COMPENSATION POLICY ("POLICY") IS STRAIGHT-FORWARD AND ADDRESSES THE DISCLOSURE AND RESOLUTION OF CONFLICTS OF INTEREST IN THE FOLLOWING MANNER: CONFLICTS OF INTEREST - WHEN ANY CONFLICTS OF INTEREST ARISE THEY ARE DEALT WITH IN ACCORD WITH THE POLICY, WHICH, INTER ALIA, PROVIDES: A. THE BOARD OF DIRECTORS IS REQUIRED TO DETERMINE ALTERNATIVES, IF ANY, TO THE PROPOSED TRANSACTION OR ARRANGEMENT WITH THE INTERESTED PERSON; B. THE BOARD IS REQUIRED TO DETERMINE WHETHER THE TAXPAYER CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY UNRELATED TO INTERESTED PERSON; AND, C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE WITH A PERSON OR ENTITY UNRELATED TO INTERESTED PERSON, THE BOARD IS REQUIRED TO DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE TAXPAYER'S BEST INTEREST AND FOR ITS PRINCIPAL BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE TAXPAYER AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | NO DIRECTOR, OFFICER OR KEY EMPLOYEE OF THE TAXPAYER RECEIVES ANY COMPENSATION FROM THE TAXPAYER. DIRECTORS BRANT BABER AND KATHERINE KALINOWSKI RECEIVE COMPENSATION ONLY FROM AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION AND SUPPORTING ORGANIZATION UNDER SECTION 509 (A)(3) OF THE IRC. | |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST, THE TAXPAYER SENDS THESE DOCUMENTS TO THE REQUESTING PARTY. IN ADDITION, THE GOVERNING DOCUMENTS ARE FILED WITH THE STATE OF INCORPORATION OF THE TAXPAYER. THE TAXPAYER'S AUDITED FINANCIAL STATEMENTS ARE FILED WITH THE NATIONALLY RECOGNIZED MUNICIPAL SECURITIES INFORMATION REPOSITORIES EACH YEAR. THE TAXPAYER'S AUDITED FINANCIAL STATEMENTS ARE ALSO FILED WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE HOUSING AUTHORITY OF PRINCE GEORGES COUNTY. | |
| FORM 990 WORKSHEET | FORM 990, PART VII SECTION A COLUMN (B): AVERAGE HOURS PER WEEK FOR THE OFFICERS ARE BASED ON ALLOCATING TIME SPENT ON MATTERS CONCERNING THE ORGANIZATION AS OFFICERS OR DIRECTORS OF THE ORGANIZATION AND/OR AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION AND THE PARENT OF THE ORGANIZATION PURSUANT TO A GROUP EXEMPTION PERMISSION AND A 509(A)(3) RULING. | GOVERNING BODY AND MANAGEMENT SECTION |
| FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (F) AND SCHEDULE J, PART II, | EFFECTIVE AS OF JANUARY 1, 2012, AMERICAN VILLAGE COMMUNITIES, INC., A 501(C)(3) EXEMPT ORGANIZATION ("AVC"), AMENDED AND RESTATED ITS DEFINED BENEFIT PENSION PLAN, ESTABLISHED IN 2008, TO INCREASE RETIREMENT BENEFITS FOR ALL EMPLOYEES OF AVC, AND TO EXTEND THE RETIREMENT AGE TO 65. AVC WAS REQUIRED TO MAKE A DEPOSIT IN ORDER TO COMPLY WITH THE ERISA MINIMUM FUNDING STANDARD RELATING TO YEARS 2003-11, AND TO COMPLY WITH THE MINIMUM FUNDING STANDARD FOR 2012 FOR ALL EMPLOYEES. BENEFITS UNDER THE PENSION PLAN BECOME AVAILABLE TO ITS BENEFICIARIES AT AGE 65, AND AVC'S EMPLOYEES WERE 61 OR OLDER IN 2012, THEREBY NECESSITATING SIZEABLE ANNUAL DEPOSITS TO THE PLAN IN 2012 AND EACH SUBSEQUENT YEAR THROUGH 2016. TOTAL COMPENSATION TO THE NAMED OFFICERS, INCLUDING THEIR RESPECTIVE INCREASES IN ACTUARIAL VALUES OF ASSETS ALLOCATED TO THEM IN THE PENSION PLAN, ARE SUPPORTED AS REASONABLE BY THE 2012 COMPARABILITY STUDY PREPARED BY A THIRD PARTY FOR AVC, WAS RECOMMENDED BY THE INDEPENDENT AVC COMPENSATION COMMITTEE AND WAS APPROVED BY THE AVC BOARD OF DIRECTORS. | COLUMN (C): |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| AMERICAN VILLAGE COMMUNITIES | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 541614099 | PROVIDE SUPPORT FOR RELATED TAX-EXEMPT ORGANIZATIONS | VA | 501C3; 509A3 | LINE 9 | N/A | 0 |
| NEW MEXICO - AMERICAN HOUSING FOUNDATION INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 541684516 | OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | NM | 501C3 | LINE 9 | N/A | 0 |
| WATTERSON - AMERICAN HOUSING FOUNDATION INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 541760677 | OPERATED RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | KY | 501C3 | LINE 9 | N/A | 0 |
| LAS LOMAS - AMERICAN HOUSING FOUNDATION | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 541963538 | OPERATED RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | TX | 501C3 | LINE 9 | N/A | 0 |
| EL PASO - AMERICAN HOUSING FOUNDATION INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 742956645 | OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | TX | 501C3 | LINE 9 | N/A | 0 |
| METROPOLIS - AVC INC | ||||||||||
| 3937C UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | 743008137 | OPERATE RENTAL PROPERTY FOR LOW-INCOME AND VERY LOW-INCOME PERSONS | TX | 501C3 | LINE 9 | 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 | 0 | 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 | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Comments