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Nonprofiteer
← AOF HSI MANAGEMENT SERVICES CORP

Form 990 for tax year 2024

Filed by AOF HSI MANAGEMENT SERVICES CORP.

Totals

Total revenue
$0
Total expenses
$200
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$901,390
Total liabilities, end of year
$3,000
Net assets or fund balances, end of year
$898,390
Program services expenses (Part IX)
$0
Management and general expenses
$200
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: LICENSES AND FEES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,590 · end of year $1,390

  • 12 · Investments: other securities

    beginning of year $900,000 · end of year $900,000

  • 25 · Other liabilities

    beginning of year $3,000 · end of year $3,000

  • 27 · Net assets without donor restrictions

    beginning of year $898,590 · end of year $898,390

Mission and programs · 2024

Mission

THE CORPORATION WAS ORGANIZED TO SUPPORT THE PROVISION OF DECENT, SAFE, SANITARY AND AFFORDABLE RENTAL HOUSING FOR LOW-TO-MODERATE INCOME PERSONS OR FAMILIES, ELDERLY PERSONS AND/OR MENTALLY OR PHYSICALLY DISABLED PERSONS BY PROVIDING PROPERTY MANAGEMENT SERVICES, ASSET MANAGEMENT SERVICES, RESIDENT SERVICES AND OTHER RELATED SUPPORT SERVICES TO OWNERS AND OPERATORS OF QUALIFIED AFFORDABLE RENTAL HOUSING OCCUPIED IN WHOLE OR REQUISITE PART BY LOW-TO-MODERATE INCOME PERSONS AND FAMILIES, ELDERLY PERSONS AND/OR MENTALLY OR PHYSICALLY DISABLED PERSONS, AND THEREBY ASSIST IN THE SOCIAL AND ECONOMIC INTEGRATION OF LOW-TO-MODERATE INCOME PERSONS AND FAMILIES, ELDERLY PERSONS AND/OR DISABLED PERSONS, COMBAT COMMUNITY DETERIORATION, LESSEN NEIGHBORHOOD TENSIONS, ELIMINATE PREJUDICE AND DISCRIMINATION, AND LESSEN THE BURDEN OF GOVERNMENT.

  • STOCK OWNERSHIP IN CORPORATION THAT MANAGES AFFORDABLE HOUSING PROPERTY FOR LOW-INCOME, ELDERLY, AND/OR MENTALLY OR PHYSICALLY DISABLED PERSONS OR FAMILIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip J Kennedy

    PRESIDENT, TREASURER

    Total calculated
    $598,720
    From this org
    $0
    From related orgs
    $515,000
    Other
    $83,720
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $42,991 related
    Nontaxable benefits
    $0 + $40,729 related
    Filer's total
    $0 + $598,720 related

  • Kathryn T Walker

    VICE PRESIDENT, SECRETARY

    Total calculated
    $443,415
    From this org
    $0
    From related orgs
    $380,000
    Other
    $63,415
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,000 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $42,991 related
    Nontaxable benefits
    $0 + $20,424 related
    Filer's total
    $0 + $443,415 related

  • William P Fisher III

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    0.1 + 0.2 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

None.

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

No itemized grants to organizations 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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HSI MANAGEMENT INC

    C · MANAGEMENT OF AFFORDABLE HOUSING · GA · 100% owned · share of income $713,600 · share of assets $306,435 · controlled entity

    Directly controlled by AOF HSI MANAGEMENT SERVICES CORP

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513199349302041

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