2011-10-17T14:55:58-05:00 2010-12-31 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2010-01-01 043484336 THE HOUSING PARTNERSHIP FUND INC HOUS 6177201999 160 STATE STREET 5TH FLOOR BOSTON MA 02109 THOMAS BLEDSOE 6177201999 2011-10-17 1 DAVID KELLEHER CPA 5083669100 2011-10-11 2010 2016-03-07 17:11:31Z THOMAS BLEDSOE 160 STATE STREET 5TH FLOOR BOSTON MA 02109 804358 0 X HOUSINGPARTNERSHIP.NET X 1999 MA TO PROVIDE FINANCING FOR THE PURCHASE, REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING. 6 3 0 0 0 0 750000 0 1038227 728061 3042 3722 61679 72575 1852948 804358 0 0 0 0 0 0 0 0 0 1490943 1075355 1490943 1075355 362005 -270997 15821104 8537090 13443187 6430170 2377917 2106920 TO PROVIDE FINANCING FOR THE PURCHASE, REHABILITATION AND DEVELOPMENT OF HOUSING. 0 0 854273 800636 TO PROVIDE REVOLVING LOANS FOR THE PURCHASE, REHABILITATION, AND DEVELOPMENT OF HOUSING THAT WILL BE AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 854273 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X THE HOUSING PARTNERSHIP NETWORK 6177201999 160 STATE STREET 5TH FLOOR BOSTON MA 02109 THOMAS A BLEDSOE 1.00 X X 0 312876 40187 DONALD R HINKLE-BROWN 1.00 X X 0 0 0 WILLIAM C PERKINS 1.00 X 0 0 0 ROBERT CURRY 1.00 X 0 0 0 DANIEL E MARTIN 1.00 X 0 0 0 CLARK L ZIEGLER 1.00 X 0 0 0 NANCY O ANDREWS 1.00 X X 0 0 0 VIRGINIA W MARA 1.00 X 0 104917 23099 0 417793 63286 1 0 1 0 THE HOUSING PARTNERSHIP NETWORK INC 160 STATE STREET 5TH FLOOR BOSTON MA 02109 MANAGEMENT AND LOAN UNDERWRITING FEES 543345 SHEEHAN PHINNEY BASS GREEN 1000 ELM STREET PO BOX 3701 MANCHESTER NH 03101 LEGAL SERVICES 125229 2 LOAN INTEREST 531190 628673 628673 LOAN FEES 531190 99388 99388 728061 3722 3722 CONTRACTS AND OTHER 531390 72575 72575 72575 804358 800636 0 3722 543345 418376 124969 115769 113993 1776 90845 90845 210428 210428 28179 28179 13967 13967 LOAN LOSS PROVISION 54555 54555 UNDERWRITING EXPENSE 14000 14000 ADMINISTRATIVE 3492 3492 OTHER 775 775 1075355 854273 221082 0 477318 368387 3193694 2194804 189860 128365 69902 36125 11890330 5809409 15821104 8537090 97687 177253 25000 2917 8320500 1000000 3750000 4000000 1250000 1250000 13443187 6430170 X 2377917 2106920 2377917 2106920 15821104 8537090 -270997 0 X X 0 1 1 X 1 1 X 1000000 450000 750000 2200000 1218591 1060851 730623 1099906 800636 4910607 1218591 2060851 1180623 1849906 800636 7110607 156000 156000 985865 640536 507422 741863 542358 3418044 985865 640536 663422 741863 542358 3574044 3536563 167840 183792 62136 3042 3772 420582 167840 183792 62136 3042 3772 420582 1386431 2244643 1242759 1852948 804408 7531189 0.46960 0.45360 0.05580 0.06560 X 0 NOTES RECEIVABLE 5809409 F 5809409 LOAN FROM AFFILIATE 1250000 1250000 804358 1075355 -270997 0 -270997 804358 0 804358 0 804358 1075355 0 1075355 0 1075355 HPF FOLLOWS THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THESE STANDARDS CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN HPF'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION AND DISCLOSURE OF TAX POSITIONS TAKEN. AS OF DECEMBER 31, 2010, HPF DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. HPF FILES INFORMATIONAL TAX RETURNS IN THE UNITED STATES (FEDERAL) AND MASSACHUSETTS (STATE) JURISDICTIONS. HPF IS GENERALLY SUBJECT TO INCOME TAX EXAMINATIONS IN THE ABOVE JURISDICTIONS FOR THREE YEARS. X X X 0 0 0 0 0 0 0 0 0 THOMAS A BLEDSOE 0 312876 0 0 0 0 0 0 0 40187 0 353063 0 0 THOMAS BLEDSOE OFFICER OF THE BOARD 0 SEE SCHEDULE O. 0 DON HINKLE-BROWN OFFICER OF THE BOARD 0 SEE SCHEDULE O. 0 WILLIAM C PERKINS OFFICER OF THE BOARD 0 SEE SCHEDULE O. 0 FORM 990, PART VI, SECTION A, LINE 3 THE HOUSING PARTNERSHP NETWORK (HPN) IS THE SOLE MEMBER OF THE HOUSING PARTNERSHIP FUND (HPF). HPN PERFORMS ALL PROGRAM ADMINISTRATIVE DUTIES OF HPF UNDER MANAGEMENT CONTRACTS. FORM 990, PART VI, SECTION A, LINE 6 THE HOUSING PARTNERSHIP NETWORK IS THE SOLE CORPORATE MEMBER OF THE HOUSING PARTNERSHIP FUND. FORM 990, PART VI, SECTION A, LINE 7A THE HOUSING PARTNERSHIP NETWORK APPOINTS THE HOUSING PARTNERSHIP FUND'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS MADE AVAILABLE TO THE HOUSING PARTNERSHIP NETWORK'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURE IS USED AND IF ANY ISSUES ARISE THE BOARD IS NOTIFIED AND DIRECTORS RECUSE THEMSELVES. FORM 990, PART VI, SECTION B, LINE 15 THE HEWITT STUDY: THIS IS A REVIEW OF THE OVERALL COMPETITIVENESS AND STRUCTURE OF THE HOUSING PARTNERSHIP NETWORK'S EXECUTIVE COMPENSATION PROGRAM FORM 990, PART VI, SECTION C, LINE 19 BY MEANS OF THE INTERNET AND UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, SCHEDULE L THOMAS BLEDSOE- THOMAS BLEDSOE IS AN OFFICER OF THE BOARD OF HPF. HE IS ALSO THE PRESIDENT AND CEO OF HOUSING PARTNERSHIP NETWORK (HPN). MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPF WAS $543,345 FOR 2010. HPF OWED HPN $152,731 AS OF DECEMBER 31, 2010. HPF HAS ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPF OWES HPN $1,250,000 AS OF DECEMBER 31, 2010. DON HINKLE-BROWN- DON HINKLE-BROWN IS AN OFFICER OF THE BOARD OF HPF. HE IS ALSO A MEMBER OF THE HPN BOARD OF DIRECTORS. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPF WAS $543,345 FOR 2010. HPF OWED HPN $152,731 AS OF DECEMBER 31, 2010. HPF HAS ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPF OWES HPN $1,250,000 AS OF DECEMBER 31, 2010. WILLIAM C. PERKINS- WILLIAM C. PERKINS IS AN OFFICER OF THE BOARD OF HPF. HE IS ALSO ON THE BOARD OF HPN. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPF WAS $543,345 FOR 2010. HPF OWED HPN $152,731 AS OF DECEMBER 31, 2010. HPF HAS ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPF OWES HPN $1,250,000 AS OF DECEMBER 31, 2010. THE HOUSING PARTNERSHIP NETWORK INC 160 STATE STREET 5TH FL BOSTON MA 02109 043172401 SUPPORT THE NETWORK'S NON-PROFIT MEMBERS IN AFFORDABLE HOUSING ADVOCACY MA 501(C)(3) 7 N/A 0 THE HOUSING PARTNERSHIP VENTURES INC 160 STATE STREET 5TH FL BOSTON MA 02109 200809596 SUPPORT NETWORK MEMBERS THROUGH LENDING AND FINANCING TRANSACTIONS MA 501(C)(3) 11A N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 THE HOUSING PARTNERSHIP NETWORK INC L 543345 FAIR MARKET VALUE THE HOUSING PARTNERSHIP NETWORK INC E 1250000 FAIR MARKET VALUE THE HOUSING PARTNERSHIP NETWORK INC Q 32269 FAIR MARKET VALUE THE HOUSING PARTNERSHIP VENTURES Q 1971397 FAIR MARKET VALUE