2026-07-13T11:24:26-05:00 2025-09-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-10-01 520939288 HOUSING ASSISTANCE COUNCIL HOUS 2028428600 1828 L ST NW 505 WASHINGTON DC 20036 DAVID LIPSETZ PRESIDENT & CEO 2028428600 2026-07-07 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-07-07 2024 2025-03-06 01:10:19Z DAVID LIPSETZ 1828 L ST NW 505 WASHINGTON DC 20036 14905812 0 X WWW.RURALHOME.ORG X 1971 DC TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES. 18 18 61 21 0 0 12723632 7732793 2793061 3815035 870110 532270 21740 0 16408543 12080098 2643776 1306402 0 0 6111648 6867318 0 0 312359 5662582 6563889 14418006 14737609 1990537 -2657511 72962491 81065745 27810960 38682284 45151531 42383461 X THE EXEMPT PURPOSE IS TO IMPROVE HOUSING CONDITIONS FOR THE RURAL POOR, WITH EMPHASIS ON THE POOREST OF THE POOR IN THE MOST RURAL PLACES. HOUSING ASSISTANCE COUNCIL (HAC) PROVIDES BELOW-MARKET FINANCING FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT, TECHNICAL ASSISTANCE AND TRAINING, RESEARCH AND INFORMATION, AND POLICY FORMULATION TO ENABLE SOLUTIONS FOR RURAL COMMUNITIES. 0 0 5019522 3815035 LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING. 4537065 1306402 KNOWLEDGE SHARING- PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE U.S. THIS IS DONE THROUGH FORMAL TRAININGS, ONE-ON-ONE TECHNICAL ASSISTANCE AND CONNECTING LOCAL ORGANIZATIONS TO RESOURCES WHICH CAN BUILD THEIR CAPACITY AND STRENGTHEN THEIR COMMUNITY. 1244258 RESEARCH AND INFORMATION - CONDUCTS RESEARCH AND STUDIES AND REPORTS ON A WIDE RANGE OF TOPICS RELATED TO RURAL HOUSING RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR TO HELP INFORM SOUND HOUSING POLICIES AND STRATEGIES. 1216811 POLICY - RESPONDS AS AN INDEPENDENT AND NON-PARTISAN ORGANIZATION TO CONGRESSIONAL COMMITTEES, MEMBER OFFICES, FEDERAL AGENCIES, AND POLICY ADVOCACY COALITION WITH THE RESEARCH AND INFORMATION NEEDED TO MAKE INFORMED POLICY DESCISION. THROUGH OUR RESEARCH WORK, RURAL DATA PORTAL, AND VETERANS DATA CENTRAL ALL PROVIDE VALUABLE, EDUCATIONAL CONTEXT TO FRAME THE RURAL POLICY CONVERSATION. 1216811 12017656 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 49 0 1 61 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X ANJANETTE BROWN CFO 2028428600 1828 L STREET NW WASHINGTON DC 20036 LAURA BUXBAUM CHAIR (UNTIL 9/25/25) 1.00 0.10 X X 0 0 0 THERESA SINGLETON VICE CHAIR 1.00 0.10 X X 0 0 0 TOM MANNING-BEAVIN TREASURER (UNTIL 9/1/25) 1.00 0.10 X X 0 0 0 MELLOR WILLIE TREASURER 1.00 0.10 X X 0 0 0 KARAMA NEAL CHAIR 1.00 0.10 X X 0 0 0 NICK MITCHELL-BENNETT DIRECTOR 0.60 0.10 X 0 0 0 BENNIE THOMPSON DIRECTOR 0.60 0.10 X 0 0 0 ANDREW B WINTER DIRECTOR 0.60 0.10 X 0 0 0 CONNIE WRIGHT DIRECTOR 0.60 0.10 X 0 0 0 ARTURO ALVARADO DIRECTOR 0.60 0.10 X 0 0 0 ELISABETH COATS DIRECTOR/AT LARGE (UNTIL 3/25/25) 1.00 0.10 X 0 0 0 VANESSA JOSEY DIRECTOR 0.60 0.10 X 0 0 0 NATALIE MAXWELL DIRECTOR/AT LARGE 0.60 0.10 X 0 0 0 DAVE CASTILLO DIRECTOR 0.60 0.10 X 0 0 0 RUSTY SMITH DIRECTOR/AT LARGE 0.60 0.10 X 0 0 0 PEDRO RODRIGUEZ DIRECTOR 0.60 0.10 X 0 0 0 MARY ADAMS DIRECTOR 0.60 0.10 X 0 0 0 MARCIA ERICKSON DIRECTOR 0.60 0.10 X 0 0 0 JULIA MALINOWKSI DIRECTOR 0.60 0.10 X 0 0 0 SCOTT MCREYNOLDS DIRECTOR 0.60 0.10 X 0 0 0 MIGUEL CHACON DIRECTOR 0.60 0.10 X 0 0 0 DAVID LIPSETZ PRESIDENT & CEO 37.50 0.10 X 375154 0 35093 JONATHAN HARWITZ SECRETARY/DIRECTOR OF PUBLIC POLICY 37.50 0.10 X 174340 0 57635 SIMON PETER KABOGOZA ASST. TREAS./DIR. FIN. & ADMIN 37.50 0.10 X 197989 0 41907 EILEEN NEELY LENDING DIRECTOR (UNTIL 9/2024) 37.50 X 179963 0 30168 TRAVIS LANCE GEORGE DIRECTOR OF RESEARCH & INFORMATION 37.50 X 186043 0 24950 SHONTERRIA CHARLESTON DIRECTOR- TRAINING/TECHNICAL 37.50 X 170314 0 35596 KRISTIN BLUM LENDING DIRECTOR (AS OF 9/2024) 37.50 X 142410 0 36384 JENNIFER MCALLISTER DIRECTOR OF DEVELOPMENT 37.50 X 150372 0 19860 1576585 0 281593 14 0 1 0 NUAGE SYNC LLP 2ND FLOOR 9 MY HOME VIHANGA RD GACHIBOWLI HYDERABAD TELANGANA IN 500046 IT EXPENSE 484788 EUGENE GONZALES PO BOX 315 SAN MIGUEL NM 88058 TECHNICAL ASSISTANCE AND TRAINING 321085 VELOSIO PO BOX 933191 CLEVELAND OH 44193 IT EXPENSE 300673 CLIFTON LARSON ALLEN LLP PO BOX 829709 PHILADELPHIA PA 19182 OUTSOURCED ACCOUNTING SERVICES 203718 OCD FINANCIAL SERVICES 8201 CORPORATE DRIVE SUITE 610 PMB HYATTSVILLE MD 20785 OUTSOURCED SYSTEM IMPLEMENTATION SERVICE 195980 11 6060496 1672297 7732793 LOAN INTEREST INCOME & SERVICE FE 900099 3490550 3490550 CONTRACT REVENUE 900099 236885 236885 CONTRACTS FOR RESEARCH SERVICES 900099 60000 60000 RECOVERIES - LOAN CHARGEOFFS 900099 27600 27600 3815035 253414 253414 3104570 2825714 278856 278856 278856 12080098 3815035 0 532270 X 1306402 1306402 779215 233542 545673 4526614 3994848 341097 190669 203015 165797 27963 9255 961587 726407 194058 41122 396887 294087 87209 15591 124486 124486 89402 89402 15986 15986 1955453 1347206 586043 22204 69295 34305 34035 955 629943 431065 181303 17575 243194 174897 61745 6552 263597 173620 85003 4974 124206 93296 30707 203 757188 757188 3730 2877 703 150 52338 42032 9144 1162 GRANT CONVERSION EXPENS 1059848 1059848 LOAN LOSS PROVISION 923933 923933 MISCELLANEOUS 159827 158744 1083 DUES & SUBSCRIPTIONS 72891 72334 557 18572 9242 9023 307 14737609 12017656 2407594 312359 363928 519895 1932543 1449399 2315450 1295040 398011 598718 258533 509738 398879 98778 301923 300101 14144081 11262112 51804708 63860924 1443314 1269818 72962491 81065745 802166 610947 566151 8023 8080 24646412 32318848 1200686 4191835 1153673 986423 27810960 38682284 X 19236915 16449166 25914616 25934295 45151531 42383461 72962491 81065745 X -2657511 -105131 -5428 X X 0 1 X 1 1 1 X 8754723 12618280 10896947 12723632 7732793 52726375 8754723 12618280 10896947 12723632 7732793 52726375 52726375 58489 116163 723630 682909 253414 1834605 30484 3873 2509 21740 58606 54619586 12175788 0.96530 0.95300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 30,484. 2021 AMOUNT: $ 3,873. 2022 AMOUNT: $ 2,509. 2023 AMOUNT: $ 21,740. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15986 15986 14721623 14737609 886880 221720 0 0 576360 653860 870900 886880 2988000 4482000 12844 17122 15986 45952 144090 163465 217725 221720 747000 1120500 108801 108801 290078 98778 191300 300101 HOUSING DEVELOPMENT LOANS 63860924 C 63860924 UNFUNDED COMMITMENTS FOR CREDIT LOSSES 137973 OPERATING LEASE LIABILITIES 848450 986423 X PART X, LINE 2: HAC ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. HAC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS AT SEPTEMBER 30, 2025. HAC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 REBUILDING TOGETHER MINNESOTA 2550 UNIVERSITY AVE W SUITE 200N ST PAUL MN 55114 411893180 501(C)(3) 24000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY MENOMINEE RIVER 113 S MILWAUKEE AVE KINGSFORD MI 49802 383095570 501(C)(3) 24000 0 PROJECT DEVELOPMENT MISSISSIPPI CENTER FOR POLICE & SHERIFFS PO BOX 1201 RAYMOND MS 39154 711004096 501(C)(3) 24000 0 PROJECT DEVELOPMENT ANDERSON INTERFAITH MINISTRIES 1202 S MURRAY AVE ANDERSON SC 29624 570896524 501(C)(3) 30000 0 PROJECT DEVELOPMENT CHESAPEAKE HEALTH EDUCATION PROGRAM INC AVENUE D 10 TH STREET BUILDING 82H GREENUP IL 62428 521711309 501(C)(3) 30000 0 PROJECT DEVELOPMENT EMBARRAS RIVER BASIN AGENCY INC 400 W PLEASANT ST WALLS MS 38680 370890281 501(C)(3) 30000 0 PROJECT DEVELOPMENT GOODWILL INDUSTRIES OF NORTHERN MICHIGAN INC 2279 SOUTH AIRPORT ROAD W TRAVERSE MI 49684 381976268 501(C)(3) 30000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY CALAVERAS PO BOX 1469 ANGELS CAMP CA 95222 680288226 501(C)(3) 30000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY LAKE SUMTER 1806 S BAY ST EUSTIS FL 32726 592958036 501(C)(3) 30000 0 PROJECT DEVELOPMENT NEW FOUNDATIONS DEVELOPMENT INC 607 OOTHCALOOGA STREET CALHOUN GA 30701 462225077 501(C)(3) 5650 0 PROJECT DEVELOPMENT PORT ISABEL PUBLIC FACILITIES CORPORATION 506 PORT ROAD PORT ISABEL TX 78578 320424616 501(C)(3) 75000 0 PROJECT DEVELOPMENT REBUILDING TOGETHER MUSCATINE COUNTY 1424 B HOUSER ST MUSCATINE IA 52761 208713352 501(C)(3) 30000 0 PROJECT DEVELOPMENT REBUILDING TOGETHER SANDOVAL COUNTY PO BOX 1913 BERNALILLO NM 87004 850464571 501(C)(3) 30000 0 PROJECT DEVELOPMENT REBUILDING TOGETHER SARATOGA COUNTY 132 MILTON AVE BALLSTON SPA NY 12020 200530683 501(C)(3) 42000 0 PROJECT DEVELOPMENT REBUILDING TOGETHER SOUTHWEST ILLINOIS 1101 GREENWOOD ST RED LION PA 62025 371311197 501(C)(3) 30000 0 PROJECT DEVELOPMENT LAKE CUMBERLAND DEVELOPMENT DISTRICT 2384 LAKEWAY DRIVE RUSSELL SPRINGS KY 42642 270866420 501(C)(3) 18995 0 PROJECT DEVELOPMENT SERVANTS INC 100 REDCO AVE SUITE C-0 ROCK HILL PA 17356 233042387 501(C)(3) 30000 0 PROJECT DEVELOPMENT THRIVE ALLEN COUNTY 9 S JEFFERSON AVENUE LOLA KS 66749 320198379 501(C)(3) 30000 0 PROJECT DEVELOPMENT UPCAP SERVICES INC PO BOX 606 ESCANABA MI 49829 381957176 501(C)(3) 30000 0 PROJECT DEVELOPMENT WESTERN MAINE COMMUNITY ACTION PO BOX 200 20A CHURCH ST EAST WILTON ME 04234 010275156 501(C)(3) 30000 0 PROJECT DEVELOPMENT WHITE MOUNTAIN APACHE HOUSING AUTHORITY PO BOX 1270 WHITERIVER AZ 85941 860194403 501(C)(3) 160000 0 PROJECT DEVELOPMENT WILMINGTON AREA REBUILDING MINISTRY INC 5058 WRIGHTSVILLE AVENUE WILMINGTON NC 28403 562076795 501(C)(3) 30000 0 PROJECT DEVELOPMENT ALLENDALE COUNTY ALIVE PO BOX 252 ALLENDALE SC 29810 582399005 501(C)(3) 14302 0 STIPEND/GRANT BELMONT HOUSING CORPORATION 20 CITIZENS ST BELMONT MS 38827 640613658 501(C)(3) 5600 0 STIPEND/GRANT BREAD OF LIFE COMMUNITY DEVELOPMENT CORP OF LOUISIANA 810 HANKINS ST OAKKDALE LA 71463 472832174 501(C)(3) 6522 0 STIPEND/GRANT CENTER FOR HEIRS' PROPERTY PRESERVATION 8570 RIVERS AVE SUITE 170 NORTH CHARLESTON SC 29406 522452879 501(C)(3) 12500 0 STIPEND/GRANT CHESAPEAKE HEALTH EDUCATION PROGRAM INC AVENUE D 10TH ST BUILDING 82H PERRYVILLE MD 21903 521711309 501(C)(3) 8000 0 STIPEND/GRANT CITY OF STAMPS 207 E ANTINGO ST STAMPS AK 71860 716011197 GOVERNMENT 14034 0 STIPEND/GRANT COMMUNITY ACTION COMMISSION OF FAYETTE COUNTY 1400 US RT 22 NW WASHINGTON COURTHOUSE OH 43160 310723686 501(C)(3) 6000 0 STIPEND/GRANT GROW SOUTH DAKOTA 104 E ASH ST SISSETON SD 57262 562667948 501(C)(3) 36000 0 STIPEND/GRANT HABITAT FOR HUMANITY LAKEWAY AREA PO BOX 2133 MORRISTOWN TN 37816 621504578 501(C)(3) 16544 0 STIPEND/GRANT HABITAT FOR HUMANITY OF HILLSBOROUGH COUNTY INC 509 E JACKSON ST TAMPA FL 33602 592850410 501(C)(3) 6000 0 STIPEND/GRANT HABITAT FOR HUMANITY OF NORTH CENTRAL IOWA 517 1ST ST NW MASON CITY IA 50401 421408763 501(C)(3) 9803 0 STIPEND/GRANT HOUSING AMERICA CORPORATION PO BOX 600 SOMERTON AZ 85350 860031559 501(C)(3) 7278 0 STIPEND/GRANT NATIONAL CONSUMER LAW CENTER INC 7 WINTHROP SQUARE 4TH FLOOR BOSTON MA 02110 042488502 501(C)(3) 12500 0 STIPEND/GRANT NEVADA RURAL HOUSING AUTHORITY 3695 DESATOYA DR CARSON CITY NV 89701 880153252 GOVERNMENT 10000 0 STIPEND/GRANT NEW FOUNDATIONS DEVELOPMENT INC 607 OOTHCALOOGA ST CALHOUN GA 30707 462225077 501(C)(3) 39564 0 STIPEND/GRANT NORTH EAST COMMUNITY ACTION CORPORATION 815 BUSINESS HIGHWAY 61N BOWLING GREEN MO 63334 431017571 501(C)(3) 13629 0 STIPEND/GRANT NORTHEAST TEXAS HABITAT FOR HUMANITY INC PO BOX 2551 LONGVIEW TX 75606 752040756 501(C)(3) 6503 0 STIPEND/GRANT PROYECTO AZTECA PO BOX 27 SAN JUAN TX 78589 742609516 501(C)(3) 6044 0 STIPEND/GRANT RED FEATHER DEVELOPMENT GROUP 2717 N STEVES BLVD SUITE 8 FLAGSTAFF AZ 86004 911632134 501(C)(3) 6000 0 STIPEND/GRANT REFIT-REMODELING FOR INDEPENDENCE TOGETHER PO BOX 916 LAKE OSWEGO OR 97034 911848275 501(C)(3) 21600 0 STIPEND/GRANT SERVANTS INC 100 REDCO AVE SUITE C-0 RED LION PA 17356 233042387 501(C)(3) 7182 0 STIPEND/GRANT SOUTHSIDE OUTREACH GROUP PO BOX 375 SOUTH BOSTON VA 24592 541805314 501(C)(3) 10773 0 STIPEND/GRANT TANGI COMMUNITY DEVELOPMENT 123 EAST OAK ST AMITE LA 70422 820716862 501(C)(3) 17415 0 STIPEND/GRANT TENNESSEE COMMUNITY ASSISTANCE CORPORATION 740 EAST MAIN ST MORRISTOWN TN 37814 621796161 501(C)(3) 10955 0 STIPEND/GRANT TRANSYLVANIA HABITAT FOR HUMANITY 692 ECUSTA RD BREVARD NC 28712 581581118 501(C)(3) 6799 0 STIPEND/GRANT UMPQUA CDC DBA NEIGHBORWORKS UMPQUA 605 SE KANE STREET ROSEBURG OR 97470 931057208 501(C)(3) 37449 0 STIPEND/GRANT WEALTH WATCHERS 5310 LENOX AVE JACKSONVILLE FL 32205 010638984 501(C)(3) 6627 0 STIPEND/GRANT WOODLANDS DEVELOPMENT GROUP 316 RAILROAD AVE SUITE 310 ELKINS WV 26241 550745158 501(C)(3) 10000 0 STIPEND/GRANT 51 0 PART I, LINE 2: HAC PROVIDES SUB-AWARD GRANTS TO RECIPIENTS THAT MEET CERTAIN PERFORMANCE AND/OR QUALIFICATIONS FOR UTILIZING THE FUND TO ENHANCE AND BOLSTER THEIR PROGRAMS. GRANTEES ARE MONITORED THROUGH REPORTING, REGULAR COMMUNICATIONS, AND SITE VISITS, IF DEEMED APPROPRIATE. X X X X 0 0 0 0 0 0 0 1 0 DAVID LIPSETZ PRESIDENT & CEO 375154 0 0 0 0 0 18758 0 16335 0 410247 0 0 0 SIMON PETER KABOGOZA ASST. TREAS./DIR. FIN. & ADMIN 187989 0 10000 0 0 0 5842 0 36065 0 239896 0 0 0 JONATHAN HARWITZ SECRETARY/DIRECTOR OF PUBLIC POLICY 172340 0 2000 0 0 0 8617 0 49018 0 231975 0 0 0 TRAVIS LANCE GEORGE DIRECTOR OF RESEARCH & INFORMATION 185043 0 1000 0 0 0 9252 0 15698 0 210993 0 0 0 EILEEN NEELY LENDING DIRECTOR (UNTIL 9/2024) 177963 0 2000 0 0 0 8898 0 21270 0 210131 0 0 0 SHONTERRIA CHARLESTON DIRECTOR- TRAINING/TECHNICAL 168314 0 2000 0 0 0 8416 0 27180 0 205910 0 0 0 KRISTIN BLUM LENDING DIRECTOR (AS OF 9/2024) 140410 0 2000 0 0 0 7021 0 29363 0 178794 0 0 0 JENNIFER MCALLISTER DIRECTOR OF DEVELOPMENT 148372 0 2000 0 0 0 7419 0 12441 0 170232 0 0 0 PART I, LINE 7 ALL BONUSES ARE DISCRETIONARY. EILEEN NEELY & RICHARD PICARDI SENIOR LEADERSHIP CAPITAL X 1557 1557 0 1 1 GIDEON ANDERS FORMER BOARD MEMBER CAPITAL X 1043 1043 0 1 1 MARIA LUISA MERCADO FORMER BOARD MEMBER CAPITAL X 1480 1480 0 1 1 SHONTERRIA & JERMAINE CHARLESTON SENIOR LEADERSHIP CAPITAL X 2000 2000 0 1 1 CATHERINE CROSLAND & DAVID LIPSETZ SENIOR LEADERSHIP CAPITAL X 2000 2000 0 1 1 8080 FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 TAX RETURN FOR HAC IS PREPARED BY AN INDEPENDENT AUDITING FIRM WHO ALSO CONDUCTS THE ANNUAL FINANCIAL AUDIT OF HAC. THE TAX RETURN IS REVIEWED BY HAC'S CHIEF FINANCIAL OFFICER AND BY HAC'S CHIEF EXECUTIVE OFFICER. THE TAX RETURN IS ALSO SUBJECTED TO REVIEWS BY HAC'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN AN ANNUAL STATEMENT. THE CHIEF EXECUTIVE OFFICER OR HIS DESIGNEE SHALL REVIEW ALL STATEMENTS SUBMITTED. INTERESTED PERSONS (BOARD AND STAFF) THAT HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST MUST DISCLOSE THE NATURE/FACTS OF THE CONFLICT. ON TRANSACTIONS THAT WILL BE CONDUCTED WITH RELATIONSHIPS THAT MIGHT INVOLVE PARTIES THAT COULD BE CONSTRUED AS CONFLICT OF INTEREST, STAFF AND MANAGEMENT WILL DISCUSS WITH LEGAL COUNSEL, AND/OR THE BOARD OF DIRECTORS SUCH POTENTIAL CONFLICTS OF INTEREST PRIOR TO ENTERING INTO ANY SUCH AGREEMENTS OR NEEDING APPROVAL FOR SUCH EVENTS. STAFF WILL PRIMARILY DETERMINE WHETHER THE ORGANIZATION CREATES A POTENTIAL CONFLICT OF INTEREST. A DISCUSSION WILL BE HELD WITH THE MANAGEMENT AND VERIFIED BY A LEGAL COUNSEL IF A NEW TRANSACTION TYPE ARISES. FOR BOARD MEMBERS, SUCH DISCLOSURES ARE PUT IN WRITING BY THE BOARD MEMBERS AND RETAINED BY MANAGEMENT. IF THE BOARD OF DIRECTORS OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION SUCH AS DISQUALIFYING THE EMPLOYEE FOR PARTICULAR ASSIGNMENTS AND SEPARATION. FORM 990, PART VI, SECTION B, LINE 15A THERE IS AN ANNUAL EVALUATION CONDUCTED FOR ALL KEY PERSONNEL BY THE CHIEF EXECUTIVE OFFICER. FOR THE CHIEF EXECUTIVE OFFICER, AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS EVALUATES THIS POSITION. FOR ALL POSITIONS, THE CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS ARE AFFORDED A COMPENSATION SURVEY OF KEY POSITIONS TO DETERMINE THE FAIRNESS AND COMPARABLE RATES BASED ON SIZE AND BUDGET OF SIMILAR ORGANIZATIONS. FOR KEY PERSONNEL, THE CHIEF EXECUTIVE OFFICER MAKES COMPENSATION ADJUSTMENTS BASED ON COMPARABLE MARKET RATES FOR THE POSITION, PERFORMANCE MERIT OR COLA. FOR THE CHIEF EXECUTIVE OFFICER, THE EXECUTIVE COMPENSATION COMMITTEE MEETS AT LEAST ANNUALLY TO RECOMMEND COMPENSATION ADJUSTMENTS TO THE CHIEF EXECUTIVE OFFICER'S SALARY. ADJUSTMENTS TO ALL PERSONNEL COMPENSATION ARE INCORPORATED INTO THE ANNUAL OPERATING BUDGET. AS PART OF THE BUDGET PRESENTATION, MANAGEMENT REPORTS ON COMPENSATION ADJUSTMENTS TO PERSONNEL LINE ITEM COSTS TO THE BOARD FINANCE COMMITTEE, THEN TO THE ENTIRE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS AFFORDED OPPORTUNITY TO RAISE QUESTIONS IF NECESSARY. COMPENSATION ADJUSTMENTS TO THE CHIEF EXECUTIVE OFFICER'S COMPENSATION ARE PRESENTED BY THE EXECUTIVE COMPENSATION COMMITTEE TO THE FULL BOARD OF DIRECTORS, IN EXECUTIVE SESSION, FOR APPROVAL. MINUTES ARE TAKEN OF THE EXECUTIVE COMMITTEE MEETING AND HELD BY HAC'S GENERAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 HAC PROVIDES ITS GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY UPON REQUEST. THE ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BOTH THROUGH ANNUAL REPORTS AND ALSO UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,347,206. MANAGEMENT AND GENERAL EXPENSES 586,043. FUNDRAISING EXPENSES 22,204. TOTAL EXPENSES 1,955,453. FORM 990, PART XI, LINE 9: CREDIT LOSS RECOVERY - UNFUNDED COMMITMENTS 370. INVESTMENT IN RELATED PARTY -5,798. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HAC HOLDINGS LLC 1209 ORANGE STREET WILMINGTON DE 19801 REAL ESTATE DE 0 0 HOUSING ASSISTANCE COUNCIL INC RURAL HOUSING SERVICES INC 1828 L STREET NW WASHINGTON DC 20036 521306869 TO PROMOTE THE SOCIAL WELFARE OF LOW-INCOME PERSONS IN RURAL AREAS DC 501(C)(4) HAC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0