2011-08-25T10:53:29-05:00 2010-12-31 HERTZBACH & COMPANY PA 800 RED BROOK BOULEVARD SUITE 300 OWINGS MILLS MD 21117 990 2010-01-01 203149168 THC AFFORDABLE HOUSING INC THCA 2022915535 5101 SIXTEENTH STREET NW WASHINGTON DC 20011 POLLY DONALDSON 2022915535 2011-08-24 1 JEFFREY M KLEEMAN 4103633200 2010 2016-02-24 21:20:13Z POLLY DONALDSON 5101 16TH STREET NW WASHINGTON DC 20011 7332576 0 X WWW.THCDC.ORG/INDEX.PHP/AFFORDABLEHOUSING X 2005 DC TO DEVELOP AFFORDABLE HOUSING THROUGH RENOVATION, NEW CONSTRUCTION OR PRESERVATION TO MEET THE HOUSING NEEDS OF VERY LOW, LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE WASHINGTON, D.C. METROPOLITAN AREA. 9 9 0 9 0 0 260498 1177265 10737 1255313 0 770 0 0 271235 2433348 76916 3430 0 0 0 0 0 0 0 145459 200026 222375 203456 48860 2229892 4755624 2117386 4992156 124026 -236532 1993360 NONE 0 0 203456 1255313 AFFORDABLE HOUSING-THCAH REHABILITIES DILAPIDATED APARTMENT STOCK TO PROVIDE AFFORDABLE HOUSING TO VERY LOW AND LOW INCOME FAMILIES AND INDIVIDUALS IN THE WASHINGTON, DC METRO AREA. A TAILORED PROGRAM OF RESIDENT SERVICES IS IN DEVELOPMENT THAT WOULD HELP LOW INCOME OR AT-RISK FAMILIES TO SUSTAIN THEIR AFFORDABLE AND SECURE HOUSING SITUATIONS. 203456 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X POLLY DONALDSON EXECUTIVE DIRECTOR 2022915535 5101 16TH STREET NW WASHINGTON DC 20011 X MICHAEL MILHAUPT 1.00 X X 0 0 0 PHILIP H HECHT 1.00 X X 0 0 0 JOHN STEELE 1.00 X X 0 0 0 JOSEPH HOWELL 1.00 X 0 0 0 ROBERT LELAND 1.00 X 0 0 0 WINELL BELFONTE 1.00 X 0 0 0 SCOTT SERGIO 1.00 X 0 0 0 LAWRENCE A THROWER ESQ 1.00 X 0 0 0 MELISSA BARRETT 1.00 X 0 0 0 POLLY DONALDSON 10.00 X 0 98192 14312 SUZANNE WELCH 40.00 X 0 78336 0 0 176528 14312 0 0 0 0 TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 MANAGEMENT SERVICES 150000 1 909000 268265 1177265 DEVELOPER FEE REVENUE 531390 1057085 1057085 REIMBURSED DEVELOPMENT 531390 183655 183655 OTHER REVENUE 531110 14573 14573 1255313 770 770 4899228 4899228 0 0 2433348 1255313 0 770 3430 3430 150000 150000 19491 19491 2970 2970 REPAIRS & MAINTENANCE 25520 25520 MISCELLANEOUS 1700 1700 TAXES AND LICENSES 345 345 203456 203456 0 0 18958 100604 8068 17073 19000 138017 100 100 992195 4701831 7667 0 869397 4755624 2117386 81716 7879 4770083 140357 116147 4992156 124026 X -236532 1993360 -236532 1993360 4755624 2117386 2229892 0 X X 0 1 1 X 0 X 72783 44422 260498 1360920 1738623 72783 44422 260498 1360920 1738623 10961 1727662 11721 2902 770 15393 1754016 1086306 0.98500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEVELOPER FEE RECEIVABLE 869397 869397 DUE TO AFFILIATES 116147 116147 2433348 203456 2229892 0 2229892 2433348 0 2433348 0 2433348 203456 0 203456 0 203456 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF A DRAFT FORM 990, THE TAX RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, DIRECTOR OF AFFORDABLE HOUSING,AND THC/THCAH AUDIT COMMITTEE. AFTER THE PROPER VETTING, FORMAL APPROVAL IS MADE BY THE EXECUTIVE DIRECTOR AND THC/THCAH AUDIT COMMITTEE AND DISTRIBUTED TO THCAH BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THCAH PRACTICES FOR MONITORING TRANSACTIONS FOR CONFLICT OF INTEREST AND DEALING WITH THE POTENTIAL OR ACTUAL CONFLICTS ARE OUTLINED IN ITS CONFLICT OF INTEREST POLICY. DISCLOSURE(S) ARE MADE TO THE EXECUTIVE DIRECTOR, WHO SHALL REPORT THE INFORMATION TO THE BOARD OF DIRECTORS. IF A POTENTIAL CONFLICT IS DISCLOSED, THE INDIVIDUAL(S) SHALL REFRAIN FROM PARTICIPATION IN THE IDENTIFIED ACTIVITY UNTIL THE MATTER IS RESOLVED. THIS POLICY IS DISTRIBUTED TO BOARD MEMBERS AND STAFF MEMBERS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS IS ESTABLISHED UNDER THE TRANSITIONAL HOUSING CORPORATION EXECUTIVE COMMITTEE AND WAS LAST CONDUCTED IN 2009 FOR THE EXECUTIVE DIRECTOR AND 2009 FOR THE DIRECTOR OF FINANCE. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST DESCRIBE HOURS FOR RELATED ORGANIZATIONS PART VII, SECTION B POLLY DONALDSON WORKS ON THE AVERAGE 30 HOURS PER WEEK FOR TRANSITIONAL HOUSING CORPORATION. FORM 990, PART XI, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THIRTEENTH PLACE AFFORDABLE HOUSING LLC 5101 16TH ST NW WASHINGTON DC 20011 223951842 DEVELOP AND OPERATE AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES DC 0 100 N/A TRANSITIONAL HOUSING CORPORATION 5101 16TH STREET NW WASHINGTON DC 20011 521675958 TRANSITIONAL AND SUPPORTIVE HOUSING DC 501(C)(3) 7 N/A 0 FORT VIEW LP 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 271893534 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC FV PARTNERS LLC RELATED 8406750 0 0 0.00010 WEBSTER GARDENS LP 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 262376536 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC WG PARTNERS LLC RELATED 5412770 0 0 0.00010 FV PARTNERS LLC 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 271894573 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC N/A RELATED 8406750 0 0 0.00490 WG PARTNERS LLC 4115 WISCONSIN AVE NW STE 210 WASHINGTON DC 20016 262376392 TO PROVIDE HOUSING FOR LOW INCOME FAMILIES DC N/A RELATED 5412770 0 0 0.00460 0 0 0 1 0 1 0 0 0 0 0 1 1 1 0 1 0 0 FORT VIEW LP D 659775 FAIR MARKET VALUE WEBSTER GARDENS LP D 332420 FAIR MARKET VALUE FORT VIEW LP K 558350 FAIR MARKET VALUE WEBSTER GARDENS LP K 311047 FAIR MARKET VALUE FORT VIEW LP F 5082883 FAIR MARKET VALUE RECEIVED FORT VIEW LP P 183655 FAIR MARKET VALUE