2024-06-11T14:54:08-05:00 2023-09-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-10-01 520939288 HOUSING ASSISTANCE COUNCIL HOUS 2028428600 1828 L ST NW 505 WASHINGTON DC 20036 DAVID LIPSETZ PRESIDENT & CEO 2028428600 2024-06-11 1 DAVID LIPSETZ XXX-XX-XXXX 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2024-06-11 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DAVID LIPSETZ 1828 L ST NW 505 WASHINGTON DC 20036 14098451 0 X WWW.RURALHOME.ORG X 1971 DC TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES. 12 12 46 13 0 0 12618280 10896947 1752626 2475365 100754 710676 3873 15463 14475533 14098451 1974462 1424838 0 0 4113915 4663257 0 0 570485 2438816 3989107 8527193 10077202 5948340 4021249 56351023 66177719 18785442 24219861 37565581 41957858 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 4105090 1008000 2475365 LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING. 3019243 416838 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. 697346 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. 711759 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. 711759 8533438 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 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 0 1 1 0 0 0 1 40 0 1 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X SIMON PETER KABOGOZA DIRECTOR FINANCE & ADMINISTRATION (INTERIM) 2028428600 1828 L STREET NW WASHINGTON DC 20036 MARIA LUISA MERCADO CHAIR 1.00 0.10 X X 0 0 0 LAURA BUXBAUM VICE CHAIR 1.00 0.10 X X 0 0 0 TOM MANNING-BEAVIN TREASURER 1.00 0.10 X X 0 0 0 GIDEON ANDERS SECRETARY 0.60 0.10 X X 0 0 0 PETER CAREY AT-LARGE 1.00 0.10 X X 0 0 0 DAVE CASTILLO DIRECTOR 0.60 0.10 X 0 0 0 NICK MITCHELL-BENNETT DIRECTOR 0.60 0.10 X 0 0 0 THERESA SINGLETON DIRECTOR 0.60 0.10 X 0 0 0 NAOMI WOODSON SCIPIO 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 WILLIAM PICOTTE DIRECTOR (UNTIL 1/2023) 0.60 0.10 X 0 0 0 DAVID LIPSETZ PRESIDENT & CEO 40.00 0.10 X 299423 0 27430 KARIN KLUSMANN ASST. SEC./TREAS./DIR. OF FINANCE 40.00 0.10 X 161860 0 36056 TRAVIS LANCE GEORGE ASST. SEC./ RESEARCH & INFORMATION 40.00 X 173542 0 21488 EILEEN NEELY LENDING DIRECTOR 40.00 X 188764 0 25309 SHONTERRIA CHARLESTON TRAINING/TECHNICAL ASSIST. DIR. 40.00 X 159452 0 34178 JONATHAN HARWITZ DIRECTOR OF PUBLIC POLICY 40.00 X 128615 0 35173 JENNIFER MCALLISTER DEVELOPMENT MANAGER 40.00 X 137981 0 16423 KRISTIN BLUM SENIOR LOAN OFFICER 40.00 X 112941 0 28834 1362578 0 224891 13 0 1 0 DATAVAIL CORPORATION 11800 RIDGE PARKWAY SUITE 125 BROOMFIELD CO 80021 DATA ANALYTICS 157400 CLIFTON LARSON ALLEN LLP PO BOX 829709 PHILADELPHIA PA 19182 ACCOUNTING SERVICES 115810 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 TAX AND AUDIT SERVICES 113784 EUGENE GONZALES PO BOX 315 SAN MIGUEL NM 88058 TECHNICAL ASSISTANCE AND TRAINING 101290 4 9476346 1420601 10896947 LOAN INTEREST INCOME & SERVICE FE 900099 2114394 2114394 CONTRACT REVENUE 900099 360971 360971 2475365 710676 710676 INVESTMENT IN RELATED PARTY 900099 12954 12954 OTHER INCOME 900099 2509 2509 15463 14098451 2475365 0 726139 X 1424838 1424838 691904 405589 262361 23954 3056280 2527864 228498 299918 115624 99195 4973 11456 517645 422761 48477 46407 281804 225822 31815 24167 4343 4343 157737 92435 65302 1471625 1296717 137656 37252 59073 38854 17148 3071 179303 146906 19144 13253 149314 127406 21908 212865 142482 60943 9440 79783 39583 40200 457100 457100 4127 3247 498 382 45875 36120 5546 4209 LOAN LOSS PROVISION 504941 504941 LEASE TERMINATION FEE 447028 447028 EXPENSE/STIPEND REIMBUR 79321 79321 MISCELLANEOUS 58464 43923 10393 4148 78208 63741 8849 5618 10077202 8533438 973279 570485 107317 3558844 11155603 326183 975563 569238 524436 603523 36536 177206 315229 84774 234590 230455 10134361 20675348 32710453 39555896 472164 481026 56351023 66177719 768933 1461757 353925 6905 8925 7403484 9408862 10246997 12986392 359123 0 18785442 24219861 X 17256268 15927227 20309313 26030631 37565581 41957858 56351023 66177719 4021249 371028 0 X X 0 1 X 1 1 1 X 2959914 4732787 8754723 12618280 10896947 39962651 2959914 4732787 8754723 12618280 10896947 39962651 1043750 38918901 354834 304638 58489 116163 723630 1557754 75508 43491 30484 3873 2509 155865 41676270 7379480 0.93380 0.94260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 75,508. 2019 AMOUNT: $ 43,491. 2020 AMOUNT: $ 30,484. 2021 AMOUNT: $ 3,873. 2022 AMOUNT: $ 2,509. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12844 12844 10064358 10077202 653860 163465 0 0 491853 548397 576360 653860 2270470 3405705 12844 12844 122963 137099 144090 163465 567617 851426 108801 108801 206428 84774 121654 230455 HOUSING DEVELOPMENT LOANS 39555896 C 39555896 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, 2023. HAC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 NEW FOUNDATIONS DEVELOPMENT INC 607 OOTHCALOOGA STREET CALHOUN GA 30701 462225077 501(C)(3) 22600 0 PROJECT DEVELOPMENT GOOD WORKS INC PO BOX 1441 COATESVILLE PA 19320 232513834 501(C)(3) 26978 0 PROJECT DEVELOPMENT BETHLEHEM FARM INC PO BOX 415 ALDERSON WV 24910 264449900 501(C)(3) 6000 0 PROJECT DEVELOPMENT NORTH EAST COMMUNITY ACTION CORPORATION 815 BUSINESS HIGHWAY 61N BOWLING GREEN MO 63334 431017571 501(C)(3) 11568 0 PROJECT DEVELOPMENT GROW SOUTH DAKOTA 104 ASH STREET EAST SISSETON SD 57262 562667948 501(C)(3) 30000 0 PROJECT DEVELOPMENT CREATIVE COMPASSION INC PO BOX 4021 CROSSVILLE TN 38557 621425691 501(C)(3) 18000 0 PROJECT DEVELOPMENT RED FEATHER DEVELOPMENT GROUP PO BOX 907 BOZEMAN MT 59771 911632134 501(C)(3) 24000 0 PROJECT DEVELOPMENT COMMUNITY ACTION COMMISSION OF FAYETTE COUNTY 1400 US RT 22 NW WASHINGTON COURTHOUSE OH 43160 310723686 501(C)(3) 30000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY OF HILLSBOROUGH 509 E JACKSON ST TAMPA FL 33602 592850410 501(C)(3) 24000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY OF SCNJ 230 ROUTE 38 EAST MAPLE SHDE NJ 08052 222905055 501(C)(3) 16000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY OF YORK COUNTY 825 N ANDERSON ROAD ROCK HILL SC 29730 570861107 501(C)(3) 8000 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY SUSQUEHANNA 205 S HAYS STREET BEL AIR MD 21014 521848933 501(C)(3) 12926 0 PROJECT DEVELOPMENT HABITAT FOR HUMANITY WISCONSIN RIVER AREA 121 8TH STREET PO BOX 38 BARABOO WI 53913 392023346 501(C)(3) 6000 0 PROJECT DEVELOPMENT HOME WORKS OF AMERICA 3823 W BELTLINE BLVD COLUMBIA SC 28204 562027026 501(C)(3) 24000 0 PROJECT DEVELOPMENT LAKOTA FUNDS PO BOX 340 KYLE SD 57752 460421416 6000 0 PROJECT DEVELOPMENT PENSACOLA HABITAT FOR HUMANITY 300 WEST LEONARD STREET PENSACOLA FL 32501 592186044 501(C)(3) 24000 0 PROJECT DEVELOPMENT REBUILD UPSTATE PO BOX 8693 GREENVILLE SC 39604 208296408 501(C)(3) 24000 0 PROJECT DEVELOPMENT REBUILDING TOGETHER MINNESOTA 100 SE 33RD AVENUE MINNEAPOLIS MN 55414 411893180 501(C)(3) 24000 0 PROJECT DEVELOPMENT REBUILDING TOGETHER SARATOGA COUNTY 132 MILTON AVE BALLSTON SPA NY 12020 200530683 501(C)(3) 24000 0 PROJECT DEVELOPMENT SWIFT COUNTY RURAL DEVELOPMENT AUTHORITY PO BOX 207 301 14TH ST N BENSON MN 56215 411287459 501(C)(3) 24000 0 PROJECT DEVELOPMENT TRANSYLVANIA HABITAT FOR HUMANITY 692 ECUSTA ROAD BREVARD NC 28712 581581118 501(C)(3) 24000 0 PROJECT DEVELOPMENT 24 2 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 0 0 DAVID LIPSETZ PRESIDENT & CEO 299423 0 0 0 0 0 14471 0 12959 0 326853 0 0 0 EILEEN NEELY LENDING DIRECTOR 188764 0 0 0 0 0 9004 0 16305 0 214073 0 0 0 KARIN KLUSMANN ASST. SEC./TREAS./DIR. OF FINANCE 161860 0 0 0 0 0 7880 0 28176 0 197916 0 0 0 TRAVIS LANCE GEORGE ASST. SEC./ RESEARCH & INFORMATION 173542 0 0 0 0 0 8416 0 13072 0 195030 0 0 0 SHONTERRIA CHARLESTON TRAINING/TECHNICAL ASSIST. DIR. 159452 0 0 0 0 0 7664 0 26514 0 193630 0 0 0 JONATHAN HARWITZ DIRECTOR OF PUBLIC POLICY 128615 0 0 0 0 0 2462 0 32711 0 163788 0 0 0 JENNIFER MCALLISTER DEVELOPMENT MANAGER 137981 0 0 0 0 0 6644 0 9779 0 154404 0 0 0 EILEEN NEELY & RICHARD PICARDI SENIOR LEADERSHIP CAPITAL X 1500 1500 0 1 1 GIDEON ANDERS BOARD MEMBER CAPITAL X 1037 1037 0 1 1 MARIA LUISA MERCADO BOARD MEMBER CAPITAL X 1368 1368 0 1 1 SHONTERRIA & JERMAINE CHARLESTON SENIOR LEADERSHIP CAPITAL X 2000 2000 0 1 1 UWE & KARIN KLUSMANN SENIOR LEADERSHIP CAPITAL X 1020 1020 0 1 1 CATHERINE CROSLAND & DAVID LIPSETZ SENIOR LEADERSHIP CAPITAL X 2000 2000 0 1 1 8925 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 FINANCE & ADMINISTRATION DIRECTOR 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 1,296,717. MANAGEMENT AND GENERAL EXPENSES 137,656. FUNDRAISING EXPENSES 37,252. TOTAL EXPENSES 1,471,625. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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