WESLEY ASI OF NORTHERN VIRGINIA: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
WESLEY ASI OF NORTHERN VIRGINIA (EIN 33-0998489)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-07-27
IRS object ID
201112089349300906
Schema version
2010v3.4
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

FieldValueIRS element (for citing)
Timestamp2011-07-27T13:58:35-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1HERTZBACH & COMPANY PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1800 RED BROOK BLVD SUITE 300AddressLine1
CityOWINGS MILLSCity
StateMDState
ZIP Code21117ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN330998489EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1WESLEY ASI OF NORTHERN VIRGINIABusinessNameLine1
FieldValueIRS element (for citing)
Name ControlWESLNameControl
Phone7036423830Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line15515 CHEROKEE AVE NO 204AddressLine1
CityALEXANDRIACity
StateVAState
ZIP Code22312ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSHELLEY MURPHYName
TitleSECRETARYTitle
Phone7036423830Phone
Date Signed2011-07-25DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJEFFREY M KLEEMANName
Phone4103633200Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSHELLEY MURPHYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line15515 CHEROKEE AVE SUITE 204AddressLine1
CityALEXANDRIACity
StateVAState
ZIP Code22312ZIPCode
FieldValueIRS element (for citing)
Gross Receipts192672GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2002YearFormation
State Legal DomicileVAStateLegalDomicile
Activity Or Mission DescriptionPROVIDE LOW-INCOME HOUSING AND SERVICES TO HANDICAPPED PEOPLE LIVING IN 22 UNITSActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members6NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers8TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year147408ProgramServiceRevenuePriorYear
Program Service Revenue CY192672ProgramServiceRevenueCY
Investment Income Prior Year5InvestmentIncomePriorYear
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year147413TotalRevenuePriorYear
Total Revenue Current Year192672TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year32053SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year214145OtherExpensePriorYear
Other Expenses Current Year202103OtherExpensesCurrentYear
Total Expenses Prior Year214145TotalExpensesPriorYear
Total Expenses Current Year234156TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-66732RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-41484RevenuesLessExpensesCY
Total Assets BOY2862269TotalAssetsBOY
Total Assets EOY2745097TotalAssetsEOY
Total Liabilities BOY3187391TotalLiabilitiesBOY
Total Liabilities EOY3111703TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY-325122NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY-366606NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROVIDE LOW INCOME HOUSING AND SERVICES FOR PERSONS WITH DISABILITIES IN A 22 UNIT FACILITY.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense225156Expense
Revenue192672Revenue
DescriptionPROVIDES 22 UNITS OF LOW-INCOME HOUSING AND SERVICES TO PERSONS WITH DISABILITIESDescription
Total Program Service Expense225156TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members6NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1WESLEY HOUSING DEVELOPMENT CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number7036423830TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line15515 CHEROKEE AVE SUITE 204AddressLine1
CityALEXANDRIACity
StateVAState
ZIP Code22312ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
KAREN W BROWN MED CRC
SECRETARY/ TREASURER0.20XX000
DAVID BURDS
PRESIDENT / VICE PRESIDENT0.20XX000
MARY COCKER
BOARD MEMBER0.20X000
GEORGE KOSTEL
BOARD MEMBER0.20X000
SHELLEY MURPHY
ASSISTANT SECRETARY0.20XX01332375861
BETH PAUTLER
BOARD MEMBER0.20X000
STEPHEN VANDER SCHAAF
BOARD MEMBER0.20X000
JOHN HUDSON
PAST BOARD MEMBER0.00X000
NANCY MINTER
PAST BOARD MEMBER0.00X000
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs133237TotalReportableCompFrmRltdOrgs
Total Other Compensation5861TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENTAL ASSISTANCE PAYM531110136566136566
RENTAL INCOME5311104878148781
LAUNDRY & VENDING53111042924292
OTHER REVENUE53111022702270
TENANT CHARGES531110763763
FieldValueIRS element (for citing)
Total Program Service Revenue192672TotalProgramServiceRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column192672TotalRevenueColumn
Related Or Exempt Function Income192672RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total25645Total
Program Services25645ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total4544Total
Program Services4544ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total1864Total
Program Services1864ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total18854Total
Program Services18854ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total250Total
Management And General250ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total8750Total
Management And General8750ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total6650Total
Program Services6650ProgramServices

Occupancy Occupancy

FieldValueIRS element (for citing)
Total96509Total
Program Services96509ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total245Total
Program Services245ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total67399Total
Program Services67399ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total474Total
Program Services474ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
FINANCIAL EXPENSE13311331
RENT EXPENSE661661
OTHER TAXES AND INSURAN639639
BAD DEBTS341341

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total234156Total
Program Services225156ProgramServices
Management And General9000ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY76091BOY
EOY28069EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY77323BOY
EOY92339EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY3263BOY
EOY1529EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY15567BOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis2926285LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec308576LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2685108BOY
EOY2617709EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY4917BOY
EOY5451EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY2862269BOY
EOY2745097EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1734BOY
EOY3315EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY3536BOY
EOY1931EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY5016BOY
EOY4644EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY2534800BOY
EOY2534800EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY642305BOY
EOY567013EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY3187391BOY
EOY3111703EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY-325122BOY
EOY-366606EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY-325122BOY
EOY-366606EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY2862269BOY
EOY2745097EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-41484ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement BothXFinancialStatementBoth
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years59302CurrentTaxYearMinus2Years
Total59302Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years33489CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years92696CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years93214CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year147408CurrentTaxYearMinus1Year
Current Tax Year192672CurrentTaxYear
Total559479Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years33489CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years92696CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years152516CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year147408CurrentTaxYearMinus1Year
Current Tax Year192672CurrentTaxYear
Total618781Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Current Tax Year73356CurrentTaxYear
Total73356Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Current Tax Year73356CurrentTaxYear
Total73356Total
FieldValueIRS element (for citing)
Public Support Total509545425PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years616CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years472CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5CurrentTaxYearMinus1Year
Total1094Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years616CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years472CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5CurrentTaxYearMinus1Year
Total1094Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years34105CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years93168CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years152517CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year147413CurrentTaxYearMinus1Year
Current Tax Year192672CurrentTaxYear
Total619875Total
FieldValueIRS element (for citing)
Public Support Percentage5090.87990PublicSupportPercentage509
Prior Year Support Percentage0.99740PriorYearSupportPercentage
Investment Income Percentage0.00180InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.00260PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis525000OtherCostOrOtherBasis
Book Value525000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis2303083OtherCostOrOtherBasis
Depreciation263566Depreciation
Book Value2039517BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis98202OtherCostOrOtherBasis
Depreciation45010Depreciation
Book Value53192BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2617709TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
DUE TO WHDC$539,731
DEVELOPER FEE PAYABLE$27,282
FieldValueIRS element (for citing)
Total Of Amounts567013TotalOfAmounts
Total Revenue192672TotalRevenue
Total Expenses234156TotalExpenses
Excess Or Deficit For Year-41484ExcessOrDeficitForYear
Total Adjustments0TotalAdjustments
Excess Or Deficit Per FS-41484ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt192672TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal192672RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990192672TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt234156TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal234156ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form990234156TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART IV, LINE 2B:THE AMOUNT OF $5,451 ON THE ACCOMPANYING FORM 990, PART X, LINE 15 REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT 1% BELOW THE CURRENT FEDERAL RATE. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK.
PART X:EFFECTIVE JANUARY 1, 2009, THE CORPORATION ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES (FORMERLY REFERRED TO AS FASB FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), WHICH CLARIFIED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE CORPORATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE THEN MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. BASED ON ITS EVALUATION, THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES HAVE BEEN RECORDED AS A RESULT OF TAX UNCERTAINTIES. THE TAX YEARS ENDED DECEMBER 31, 2007 THROUGH DECEMBER 31, 2010 REMAIN OPEN TO EXAMINATION BY TAX JURISDICTIONS TO WHICH THE CORPORATION IS SUBJECT.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 3THE CORPORATION IS OBLIGATED UNDER THE TERMS OF A MANAGEMENT AGREEMENT WITH WHDC. UNDER THE TERMS OF THE AGREEMENT, THE CORPORATION WILL PAY WHDC 10% OF GROSS RENTAL COLLECTIONS FOR ANNUAL PROPERTY MANAGEMENT SERVICES. THE CALCULATED FEE IS PAID ON A MONTHLY BASIS. DURING THE YEAR ENDED DECEMBER 31, 2010, PROPERTY MANAGEMENT FEES TOTALING $18,854 WERE CHARGED TO OPERATIONS.
FORM 990, PART VI, SECTION B, LINE 11THE DRAFT TAX RETURN IS SENT TO THE GOVERNING BODY (BOARD OF DIRECTORS). THE BOARD OF DIRECTORS REVIEWS THE RETURN AND RESOLVES ANY QUESTIONS. THE BOARD OF DIRECTORS SENDS APPROVAL TO THE TAX PREPARER TO FINALIZE THE RETURN.
THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHICH IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT.FORM 990, PART VI, SECTION B, LINE 12C
GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.FORM 990, PART VI, SECTION C, LINE 19
DESCRIBE HOURS FOR RELATED ORGANIZATIONAS BOARD OF DIRECTOR AND SECRETARY, SHELLEY MURPHY DOES NOT RECEIVE COMPENSATION FOR HER ROLE IN THE ORGANIZATION. SHE WORKS APPROXIMATELY 0.2 HOURS PER WEEK AS A BOARD MEMBER. SHE IS EMPLOYED, WORKING ON AVERAGE 40 HOURS PER WEEK, BY WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA, A RELATED ORGANIZATION, AS THE ORGANIZATION'S PRESIDENT AND CEO FOR WHICH SHE RECEIVES HER SALARY AND BENEFITS.FORM 990 PART VII COLUMN B
DESCRIBE CHANGES IN COMMITTEE OVERSITGHT OF THE FINANCIAL STATEMENT AUDITTHIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.FORM 990 PART XII LINE 2C

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1WESLEY LINCOLNIA LLCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line15515 CHEROKEE AVEUNE SUITE 204AddressLine1
CityALEXANDRIACity
StateVAState
ZIP Code22312ZIPCode
FieldValueIRS element (for citing)
Primary ActivitiesOWNING AND LEASING THE LAND FOR A 128 UNIT LIHTC PROPERTYPrimaryActivities
Legal Domicile StateVALegalDomicileState
Direct Controlling Entity NAN/ADirectControllingEntityNA

Form990 Schedule R Part II Form990ScheduleRPartII (10 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrg
WESLEY HOUSING DEVELOPMENT CORPORATION
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312510155779PROVIDES SERVICES IN ASSISTING THE DEVELOPMENT OF AFFORDABLE HOUSINGVA501(C)(3)LINE 7N/A0
ACT IV INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541512585HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 21 UNITSVA501(C)(3)LINE 9N/A0
ACT V INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541527218HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 162 UNITSVA501(C)(3)LINE 9N/A0
CIRCLE PROPERTIES INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541149593HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 74 UNITSVA501(C)(4)N/A0
WILLIAM WATTERS INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541414755HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 74 UNITSVA501(C)(3)LINE 11A, IN/A0
WESLEY RYDELL CORPORATION
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312205289427HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVA501(C)(3)LINE 9N/A0
PERRY S HALL INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541358850HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIES - 62 UNITSVA501(C)(3)LINE 9N/A0
SEVEN CORNERS APARTMENTS INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541246483HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVA501(C)(4)N/A0
WESLEY AGAPE HOUSE INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541667617HOUSING AND SERVICES FOR PEOPLE DISABLED AS A RESULT OF HIV - 12 UNITSVA501(C)(3)LINE 9N/A0
ACT INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541616313HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVA501(C)(3)N/A0

Form990 Schedule R Part III Form990ScheduleRPartIII (10 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateDirect Controlling Entity NADirectControllingEntityNA
WESLEY TRENTON LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312202843532TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
QUARRY STATION SENIORS APARTMENTS LP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541981050TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY COPPERMINE LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312542042022TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY KNIGHTSBRIDGE LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312651207044TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY WHITEFIELD LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312651207051TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY PARCVIEW LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312205528855TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY NOTABENE LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312202552331TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WEXFORD WESLEY LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541887123TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY STRAWBRIDGE LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312263133729TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A
WESLEY COLONIAL VILLAGE II LIMITED PARTNERSHIP
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312271247402TO PROVIDE HOUSING FOR LOW INCOME FAMILIESVAN/A

Form990 Schedule R Part IV Form990ScheduleRPartIV (13 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateDirect Controlling Entity NADirectControllingEntityNAType Of EntityTypeOfEntity
WESLEY MADISON RIDGE CORPORATION
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312251920954HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WESLEY LYNHAVEN HOUSING CORPORATION
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312481270045HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
NOTABENE INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312203430338HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
TRENTON STREET INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312202843852HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WESLEY BEVERLY INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312263311388HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WESLEY HOLMES RUN INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312205528728HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
KA DEVELOPMENT COMPANY
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312412124751HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WHITEFIELD COMMONS INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312521367144HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WESLEY COPPERMINE INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312542025850HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
QUARRY STATION SENIORS APARTMENTS INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541981044HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WESLEY LINCOLN INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312263133685HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
KNIGHTSBRIDGE APARTMENT INC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312541177635HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
WESLEY 18TH STREET LLC
5515 CHEROKEE AVENUE SUITE 204ALEXANDRIAVA22312271247363HOUSING AND SERVICES FOR LOW AND MODERATE INCOME FAMILIESVAN/AC
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs1PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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