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← FOUNDATION FOR AFFORDABLE HOUSING INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR AFFORDABLE HOUSING INC.

Totals

Total revenue
$17,799,615
Total expenses
$21,966,336
Contributions and grants received
$3,150,652
Grants paid
$31,752
Program service revenue
$8,243,990
Investment income
$6,407,848
Other revenue
-$2,875
Total assets, end of year
$35,963,703
Total liabilities, end of year
$20,748,119
Net assets or fund balances, end of year
$15,215,584
Program services expenses (Part IX)
$15,495,740
Management and general expenses
$6,470,596
Fundraising expenses
$0
Program service expenses (Part III)
$15,495,740

Program services were 70.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DARRIN WILLARD

    PRESIDENT/DIRECTOR/VOTING

    Total calculated
    $697,434
    From this org
    $623,615
    From related orgs
    $0
    Other
    $73,819
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $597,118
    Bonus
    $0
    Other
    $26,497
    Deferred
    $40,500
    Nontaxable benefits
    $33,319
    Filer's total
    $697,434

  • THOMAS WILLARD

    DIRECTOR

    Total calculated
    $446,589
    From this org
    $0
    From related orgs
    $369,144
    Other
    $77,445
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,341 related
    Bonus
    $0
    Other
    $0 + $803 related
    Deferred
    $40,500
    Nontaxable benefits
    $36,945
    Filer's total
    $77,445 + $369,144 related

  • SHIGE ITOH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MIKE RISTOW

    DIRECTOR

    Total calculated
    $34,800
    From this org
    $600
    From related orgs
    $34,200
    Other
    $0
    Hours/week
    1 + 1 related

  • MICHAEL BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • TIM HOSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DEBORRAH WILLARD

    SECRETARY/TREASURER/VOTING

    Total calculated
    $3,203,513
    From this org
    $0
    From related orgs
    $3,098,288
    Other
    $105,225
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $597,118 related
    Bonus
    $0 + $2,500,000 related
    Other
    $0 + $1,170 related
    Deferred
    $40,500
    Nontaxable benefits
    $64,725
    Filer's total
    $105,225 + $3,098,288 related

  • JASON ACOSTA

    FORMER VICE PRESIDENT

    Total calculated
    $131,113
    From this org
    $0
    From related orgs
    $117,017
    Other
    $14,096
    Hours/week
    8 + 32 related

  • MELISSA VINCENT

    SENIOR VICE PRESIDENT

    Total calculated
    $375,042
    From this org
    $0
    From related orgs
    $329,064
    Other
    $45,978
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,500 related
    Bonus
    $0
    Other
    $0 + $1,564 related
    Deferred
    $15,731
    Nontaxable benefits
    $30,247
    Filer's total
    $45,978 + $329,064 related

  • TARUN CHANDRAN

    GENERAL COUNSEL & ASSISTANT SECRETARY

    Total calculated
    $602,788
    From this org
    $0
    From related orgs
    $556,325
    Other
    $46,463
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $555,465 related
    Bonus
    $0
    Other
    $0 + $860 related
    Deferred
    $17,313
    Nontaxable benefits
    $29,150
    Filer's total
    $46,463 + $556,325 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FFAH - BELLFLOWER FM LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH 4252 CRENSHAW LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · GA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH BRIDLEWOOD VILLAGE LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · GA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH CARVER GARDENS MEMBER LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · FL · income -$269,353 · assets $2,472,534

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH CARVER GARDENS LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · FL · income -$740,226 · assets -$1,022,533

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH CITRUS GROVE MEMBER LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · NC · income -$299,728 · assets $5,406,191

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH CITRUS GROVE LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · FL · income -$1,216,727 · assets -$1,644,609

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH CURTIS JOHNSON LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH EAST WINDS MEMBER LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · FL · income -$100,831 · assets $98,888

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH EAST WINDS LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · NC · income -$172,466 · assets -$196,615

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH MORH LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH MP MEMBER LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · SC

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH NC 9 LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · NC

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH NORTHGATE TERRACE LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH OAK CENTER LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH PARK SUNSET LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH PV MEMBER LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · SC

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH SHERMAN FORBES LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · MN

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH TOLEDO LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · OH

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH VINTAGE WOODS LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH WDNW LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • THE FOUNDATION FAMILY OF NONPROFITS LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · CA

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH BRITTANY BAY I LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · FL · income $290,083 · assets $0

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH BRITTANY BAY II LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · FL · income $334,116 · assets $0

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

  • FFAH MILL CREEK FL LLC

    TO PROVIDE SAFE & AFFORDABLE HOUSING TO LOW INCOME FAMILIES & SENIORS · MO · income $869,609 · assets $0

    Directly controlled by FOUNDATION FOR AFFORDABLE HOUSING INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BELLFLOWER FM COMMUNITY PARTNERS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0.01% owned · share of income -$50 · share of assets $77,577 · general or managing partner

  • CURTIS JOHNSON COMMUNITY PARTNERS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0% owned · share of income -$3 · share of assets $28,491 · general or managing partner

  • FFAH PLAZA 1 LLC

    INVESTMENT · RESIDENTIAL RENTAL · CA · 40% owned · share of income -$63,447 · share of assets $2,720,612

  • FFAH PLAZA 2 LLC

    INVESTMENT · RESIDENTIAL RENTAL · CA · 40% owned · share of income -$99,354 · share of assets $1,569,837

  • FFAH RIVERVIEW BEND LLC

    INVESTMENT · RESIDENTIAL RENTAL · CA · 40% owned · share of income -$75,181 · share of assets $2,003,306

  • HOOVER HOUSING PARTNERS LIMITED PARTNERSHIP

    INVESTMENT · RESIDENTIAL RENTAL · DE · 99% owned · share of income $75,324 · share of assets $5,322,997 · general or managing partner

  • MORH COMMUNITY PARTNERS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0.01% owned · share of income -$45 · share of assets $78,054 · general or managing partner

  • NORTHGATE TERRACE COMMUNITY PARTNERS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0.01% owned · share of income -$37 · share of assets $101,171 · general or managing partner

  • OAK CENTER COMMUNITY PARTNERS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0.01% owned · share of income -$17 · share of assets $48,702 · general or managing partner

  • OBETZ LIHTC LP

    INVESTMENT · RESIDENTIAL RENTAL · OH · 0% owned · share of income -$9 · share of assets $1,046,520 · general or managing partner

  • PARK SUNSET COMMUNITY PARTNERS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0.01% owned · share of income -$3 · share of assets $8,644 · general or managing partner

  • SHERMAN FORBES PRESERVATION LLC

    INVESTMENT · RESIDENTIAL RENTAL · WA · 51% owned · share of income -$387,052 · share of assets $5,069,811

  • SUBSIDIZED HOUSING MISSOURI ADVISORS LLC

    INVESTMENT · RESIDENTIAL RENTAL · MO · 40% owned · share of income $6,495 · general or managing partner

  • TOLEDO LIHTC LP

    INVESTMENT · RESIDENTIAL RENTAL · OH · 0% owned · share of income -$31 · share of assets $76,721 · general or managing partner

  • VINTAGE WOODS APARTMENTS LP

    INVESTMENT · RESIDENTIAL RENTAL · CA · 0.01% owned · share of income -$3 · share of assets $414 · general or managing partner

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • BRITTANY BAY I

    $48,600,000

    Disposition · SALE OF INTEREST IN BRITTANY BAY I · Oct 26, 2022 · LIMITED PARTNERSHIP

  • BRITTANY BAY II

    $54,900,000

    Disposition · SALE OF INTEREST IN BRITTANY BAY II · Jul 15, 2022 · LIMITED PARTNERSHIP

  • MILL CREEK APARTMENTS

    $39,180,000

    Disposition · SALE OF INTEREST IN MILL CREEK · May 10, 2022 · LIMITED PARTNERSHIP

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349301761

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