2022-07-14T17:52:48-05:00 2021-08-31 742900215 MAXWELL LOCKE & RITTER LLP 401 CONGRESS AVENUE SUITE 1100 AUSTIN TX 787019682 990 2020-09-01 742746185 TEXAS STATE AFFORDABLE HOUSING CORPORATION TEXA 5124773555 6701 SHIRLEY AVE AUSTIN TX 78752 MELINDA SMITH PRESIDENT 5124773555 2022-07-14 1 MELINDA SMITH 999009999 SEAN HOLCOMB P01249221 5123703200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID LONG 6701 SHIRLEY AVE AUSTIN TX 78752 173996219 0 X WWW.TSAHC.ORG X 1994 TX PROVIDE LOWER INCOME TEXANS WITH HOUSING FINANCE OPTIONS. 5 5 26 0 0 0 3511639 1120032 39106639 129877109 3443830 2631633 500471 545135 46562579 134173909 1164000 916000 0 0 2407494 2828054 0 0 145187 6040629 5326572 9612123 9070626 36950456 125103283 152556646 253139285 69683367 47846150 82873279 205293135 X THE ORGANIZATION' S PRIMARY EXEMPT PURPOSE IS TO SERVE THE NEEDS OF LOWER INCOME TEXANS NOT AFFORDED HOUSING FINANCE OPTIONS THROUGH CONVENTIONAL LENDING SOURCES. 0 0 5092143 731000 131250260 SINGLE FAMILY PROGRAMS PROVIDES 30-YEAR FIXED RATE MORTGAGE LOANS TO ELIGIBLE FIRST-TIME HOMEBUYERS IN TEXAS; PROVIDES DOWN PAYMENT ASSISTANCE TO HOME BUYERS; PROVIDES SHORT AND LONG-TERM FINANCING FOR THE CONSTRUCTION OR IMPROVEMENT OF SINGLE FAMILY HOUSING IN TEXAS; PROVIDES GRANTS FOR THE CONSTRUCTION OR IMPROVEMENT OF SINGLE FAMILY HOUSING IN TEXAS; PROVIDES HOMEBUYER EDUCATION TO BORROWERS. 406960 953756 TEXAS HOUSING IMPACT FUND (IMPACT FUND)/FORMERLY AFFORDABLE COMMUNITIES OF TEXAS (ACT) - THE IMPACT FUND OFFERS SHORT AND LONG-TERM FINANCING FOR THE DEVELOPMENT, ACQUISITION, OR REHABILITATION OF AFFORDABLE RENTAL OR HOMEOWNERSHIP DEVELOPMENTS ACROSS TEXAS CREATING OPPORTUNITY, HEALTHIER ENVIRONMENTS AND A HIGHER QUALITY OF LIFE FOR LOW- AND MODERATE-INCOME FAMILIES. 1262500 166879 ASSET MANAGEMENT THE CORPORATION'S SINGLE FAMILY AND MULTIFAMILY RENTAL PROGRAM PROVIDES AFFORDABLE HOUSING AT BELOW-MARKET RENTS TO INCOME-ELIGIBLE FAMILIES AND INDIVIDUALS IN THE AUSTIN AREA; THE CORPORATION ALSO PERFORMS ASSET OVERSIGHT AND COMPLIANCE MONITORING FOR MULTIFAMILY AND SINGLE FAMILY BOND FINANCED PROPERTIES LOCATED THROUGHOUT TEXAS. 1660620 185000 EXPENSES GRANTS REVENUELOAN SERVICING 349,737 0 0MULTI-FAMILY HOUSING 756,581 0 0OTHER 554,302 185,000 1660620 185000 8422223 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MELINDA SMITH 5129041399 6701 SHIRLEY AVE AUSTIN TX 78752 ANDY WILLIAMS MEMBER 1.00 X 0 0 0 COURTNEY JOHNSON-ROSE MEMBER 1.00 X 0 0 0 VALERIE CARDENAS VICE CHAIR 1.00 X 0 0 0 WILLIAM DIETZ CHAIR 1.00 X 0 0 0 LEMEUEL WILLIAMS MEMBER 1.00 X 0 0 0 DAVID W LONG PRESIDENT 40.00 X 223129 0 29148 MELINDA GAY SMITH CFO & TREASURER 40.00 X 172969 0 15160 REBECCA DELEON CORPORATE SECRETARY 40.00 X 57793 0 12489 SAN JUANITA TAYLOR EXECUTIVE VICE PRESIDENT 40.00 X 143542 0 5700 TIMOTHY ALMQUIST SENIOR DIRECTOR 40.00 X 254469 0 28781 DAVID DANENFELZER SENIOR DIRECTOR 40.00 X 113391 0 34172 NICHOLAS LAWRENCE CONTROLLER 40.00 X 139620 0 25406 1104913 0 150856 6 0 1 0 0 868492 251540 1120032 SINGLE FAMILY LOAN INCOME AND SER 900099 128329971 128329971 MULTIFAMILY LOAN INCOME AND SERVI 900099 528945 528945 OTHER LOAN SERVICING AND ISSUER F 900099 393992 393992 ASSET OVERSIGHT/COMPLIANCE FEES 900099 336691 336691 INTEREST INCOME-MF PROGRAM LOANS 900099 183919 183919 103591 103591 129877109 460708 460708 1948651 1948651 611259 66124 545135 545135 545135 39925460 53000 39699153 57033 226307 -4033 222274 222274 134173909 132370895 0 682982 916000 916000 959995 842108 105215 12672 1783661 1571230 189596 22835 84398 74034 9250 1114 91681 88657 2699 325 89536 78541 9813 1182 36000 31579 3946 475 822984 721922 90199 10863 79347 67703 3489 8155 190276 173066 15360 1850 279694 245348 30654 3692 18305 17252 853 200 26001 22808 2850 343 1236569 1236569 614777 587953 23941 2883 192958 180147 11434 1377 BAD DEBT 445662 445662 DFA PROGRAM EXPENSES 409471 409471 BOND FEES AND PROGRAM F 345875 345430 445 GRANT ADMINISTRATION EX 272970 272970 174466 93773 3472 77221 9070626 8422223 503216 145187 13334546 1649224 14532420 21357964 2370440 4003053 241566 259766 6603777 595384 1214724 6008393 70511892 68007708 50037365 151606595 313693 246582 152556646 253139285 1845201 1343624 3747328 2965509 59377923 39016843 3892421 2475083 820494 2045091 69683367 47846150 X 71725667 192744962 11147612 12548173 82873279 205293135 152556646 253139285 X 125103283 -2683417 -10 X X 0 1 X 1 1 1 X 258943 722986 765988 3511639 1120032 6379588 9366977 14986265 10008077 42139529 132370895 208871743 9625920 15709251 10774065 45651168 133490927 215251331 0 2350276 2350276 2350276 2350276 212901055 248308 473102 699443 614113 460708 2495674 248308 473102 699443 614113 460708 2495674 9874228 16182353 11473508 46265281 133951635 217747005 0.97770 0.95160 0.01150 0.02320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1248000 1248000 4556762 99066 4457696 14459 10194 4265 784556 486124 298432 6008393 MORTGAGE LOANS RECEIVABLE 355921 C MORTGAGE NOTES RECEIVABLE 140567651 C OWNED REAL ESTATE, FED. PROGRAM 10683023 C 151606595 OTHER CURRENT LIABILITIES 1830725 MULTIFAMILY CUSTODIAL RESERVES 214366 2045091 X 130901774 -2683417 18938 66124 -2598355 133500129 673780 673780 134173909 8481918 18938 66124 85062 8396856 673770 673770 9070626 PART X, LINE 2: THE CORPORATION IS A GOVERNMENTAL ENTITY AND A NON-PROFIT CORPORATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE CORPORATION IS CLASSIFIED AS A NON-PROFIT ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. TAX RETURNS FOR THE PAST THREE YEARS ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THERE ARE NO EXAMINATIONS CURRENTLY IN PROCESS. MANAGEMENT BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE REQUIRED TO BE REPORTED IN THESE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 66,124. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 40,417. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 232,520. CLOSING COSTS NETTED WITH REVENUE FOR AUDIT 1,145. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT -4,524. BAD DEBT RECOVERY -5,456. EXPENSES NETTED WITH REVENUE FOR AUDIT 443. LOSS ON FMV OF REAL PROPERTY -236. SINGLE FAMILY LOAN RECEIVABLE NETTED WITH REVENUE FOR AUDIT 409,471. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 66,124. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 40,417. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 232,520. CLOSING COSTS NETTED WITH EXPENSES FOR AUDIT 1,145. BAD DEBT RECOVERY -5,456. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT -4,524. EXPENSES NETTED WITH REVENUE FOR AUDIT 443. LOSS ON FMV OF REAL PROPERTY -236. SINGLE FAMILY LOAN RECEIVABLE NETTED WITH REVENUE FOR AUDIT 409,471. DIFFERENCE BETWEEN AUDIT AND FINANCIALS -10. 1 6 STONES MISSION NETWORK 209 N INDUSTRIAL BLVD BEDFORD TX 76021 264829432 501(C)(3) 18500 CRITICAL HOME REPAIRS ANOTHER CHANCE HOUSE 209 S JACKSON ST AMARILLO TX 79101 752233200 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES AUSTIN HABITAT FOR HUMANITY 500 W BEN WHITE BLVD AUSTIN TX 78704 742373217 501(C)(3) 18500 CRITICAL HOME REPAIRS AVENUE COMMUNITY DEVELOPMENT 2505 WASHINGTON AVE 400 HOUSTON TX 77007 760380602 501(C)(3) 33500 CRITICAL HOME REPAIRS AYUDA INC 1990 K STREET NW SUITE 500 WASHINGTON DC DC 20006 742696297 501(C)(3) 18500 CRITICAL HOME REPAIRS BETHANY HOUSE OF LAREDO 817 HIDALGO ST LAREDO TX 78040 742317098 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES BUCKNER CHILDREN AND FAMILY SERVICES INC 3402 DANIEL MCCALL SUITE 21 LUFKIN TX 75904 752571395 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES CDC OF BROWNSVILLE 901 EAST LEVEE ST BROWNSVILLE TX 78520 741835777 501(C)(3) 18500 CRITICAL HOME REPAIRS CDC OF FREEDMEN'S TOWN 1401 ANDREWS STREET HOUSTON TX 77019 760265004 501(C)(3) 15000 WINTER STORM CRITICAL HOME REPAIRS EAST HARRIS COUNTY EMPOWERMENT COUNCIL 11821 EAST FREEWAY SUITE 500 HOUSTON TX 77029 270377576 501(C)(3) 15000 WINTER STORM CRITICAL HOME REPAIRS FORT HOOD AREA HABITAT FOR HUMANITY 2601 ATKINSON AVENUE KILLEEN TX 76543 742704483 501(C)(3) 33500 CRITICAL HOME REPAIRS FOUNDATION COMMUNITIES 3036 S 1ST STREET AUSTIN TX 78704 742563260 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES FULLER CENTER DISASTER REBUIDERS 701 S MARTIN LUTHER KING JR BLVD AMERICUS GA 31709 263704583 501(C)(3) 48500 CRITICAL HOME REPAIRS GALILEE COMMUNITY DEVELOPMENT CORPORATION 1404 S OAKES ST SAN ANGELO TX 76903 752865891 501(C)(3) 33500 CRITICAL HOME REPAIRS GOLDEN CRESCENT HABITAT FOR HUMANITY 4103 N NAVARRO STREET SUITE 200 VICTORIA TX 77901 742650392 501(C)(3) 18500 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY OF CORPUS CHRISTI 1901 LIPAN STREET CORPUS CHRISTI TX 78408 742561473 501(C)(3) 30000 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY OF EL PASO 1400 HARDAWAY 329 EL PASO TX 79903 742226271 501(C)(3) 18500 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY OF SMITH COUNTY 822 W FRONT STREET TYLER TX 75702 752285678 501(C)(3) 33500 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY WILLIAMSON COUNTY PO BOX 737 GEORGETOWN TX 78627 742907371 501(C)(3) 33500 CRITICAL HOME REPAIRS HOUSING CHANNEL 2900 AIRPORT FREEWAY FORT WORTH TX 76111 752399903 501(C)(3) 18500 CRITICAL HOME REPAIRS LEGACY CDC 3025 PARK PLAZA CIR PORT ARTHUR TX 77642 208023787 501(C)(3) 18500 CRITICAL HOME REPAIRS LOVE NETWORK OF BAYTOWN 206 N WHITING STREET BAYTON TX 77520 760319768 501(C)(3) 33500 CRITICAL HOME REPAIRS MARY LEE FOUNDATION 1339 LAMAR SQUARE DRIVE AUSTIN TX 78704 741479633 501(C)(3) 18500 CRITICAL HOME REPAIRS MEALS ON WHEELS AND MORE 3227 E 5TH ST AUSTIN TX 78702 237202594 501(C)(3) 48500 CRITICAL HOME REPAIRS MERCED HOUSING TEXAS 120 W MISTLETOE SAN ANTONIO TX 78212 742740889 501(C)(3) 18500 CRITICAL HOME REPAIRS MONTGOMERY COUNTY HABITAT FOR HUMANITY 1501 SOUTH 7TH STREET CONROE TX 77301 760276330 501(C)(3) 18500 CRITICAL HOME REPAIRS MOTIVATION EDUCATION AND TRAINING INC PO BOX 1838 NEW CANEY TX 77357 741604560 501(C)(3) 24000 CRITICAL HOME REPAIRS NEW HOPE HOUSING INC 1117 TEXAS AVENUE HOUSTON TX 77002 731419279 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES PANHANDLE COMMUNITY SERVICES 309 SW 8TH AVE AMARILLO TX 79101 756049423 501(C)(3) 18500 CRITICAL HOME REPAIRS PROJECT TRANSITIONS PO BOX 4826 AUSTIN TX 78765 742502171 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES REBUILDING TOGETHER EL PASO 6400 AIRPORT ROAD EL PASO TX 79925 742718788 501(C)(3) 18500 CRITICAL HOME REPAIRS SEWA INTERNATIONAL INC PO BOX 820867 HOUSTON TX 77282 200638718 501(C)(3) 15000 CRITICAL HOME REPAIRS ST BERNARD PROJECT 2645 TOULOUSE ST NEW ORLEANS LA 70119 262189665 501(C)(3) 48500 CRITICAL HOME REPAIRS TARRANT COUNTY SAMARITAN HOUSING 929 HEMPHILL ST FORT WORTH TX 76104 752401109 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES TEJANO CENTER FOR COMMUNITY CONCERNS INC 2950 BROADWAY ST HOUSTON TX 77017 760377101 501(C)(3) 15000 CRITICAL HOME REPAIRS THE WOMEN'S HOME 607 WESTHEIMER ROAD HOUSTON TX 77006 741467811 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES TRINITY HABITAT FOR HUMANITY 9333 N NORMANDALE STREET FORT WORTH TX 76116 752239189 501(C)(3) 18500 CRITICAL HOME REPAIRS VICTORIA COUNTY LONG TERM RECOVERY GROUP 207 N GLASS ST VICTORIA TX 77901 824862966 501(C)(3) 30000 CRITICAL HOME REPAIRS VINCARE SERVICES SAINT LOUISE HOUSE PO BOX 150637 AUSTIN TX 78715 742968167 501(C)(3) 18500 SUPPORTIVE HOUSING SERVICES 40 PART I, LINE 2: ALL GRANT CONTRACTS ARE MONITORED VERY CLOSELY TO ENSURE THAT FUNDS OR PROPERTY ARE USED IN EXACTLY THE MANNER AND FOR THE PURPOSE REQUIRED BY THE DONOR. SEPARATE SUBSIDIARY LEDGERS ARE KEPT FOR ALL GRANT FUNDS. MOST REQUIRE MONTHLY, QUARTERLY OR ANNUAL REPORTING. ALL GRANT FUNDS ARE MAINTAINED SEPARATELY IN THE CORPORATION'S ACCOUNTING RECORDS. X X 0 0 0 0 0 0 0 0 0 TIMOTHY ALMQUIST SENIOR DIRECTOR 254469 0 0 0 0 0 10179 0 18602 0 283250 0 0 0 DAVID W LONG PRESIDENT 223129 0 0 0 0 0 8797 0 20351 0 252277 0 0 0 MELINDA GAY SMITH CFO & TREASURER 172969 0 0 0 0 0 4983 0 10177 0 188129 0 0 0 NICHOLAS LAWRENCE CONTROLLER 139620 0 0 0 0 0 5055 0 20351 0 165026 0 0 0 A TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HEK1 2011-02-24 55560711 2009A/2011A QUALIFIED MORTGAGE BONDS 0 0 0 B TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HEH9 2011-12-15 32334640 2009B/2011B QUALIFIED MORTGAGE BONDS 0 0 0 C TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HFL8 2013-02-01 31204879 2013A QUALIFIED MORTGAGE BONDS 0 0 0 D TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HFM6 2019-05-09 41743027 2019A QUALIFIED MORTGAGE BONDS 0 0 0 A 55560711 33000000 22560711 2011 1 0 1 1 B 32334640 19200000 13134640 2011 1 0 1 1 C 31204879 31204879 2013 1 0 1 1 D 41743027 41743027 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV, LINE 2C A - DATE OF THE REBATE COMPUTATION PERFORMED: 03/25/2021 B - DATE OF THE REBATE COMPUTATION PERFORMED: NO REBATE REPORT BECAUSE BONDS WERE FULLY REDEEMED 09/01/2021. C - DATE OF THE REBATE COMPUTATION PERFORMED: TAXABLE BONDS AND DO NOT REQUIRE A REBATE REPORT D - DATE REBATE COMPUTATION PERFORMED: 05/13/2021 NOTE: REGARDING THE BOND ISSUES LISTED IN A THROUGH D ABOVE, THESE ARE "QUALIFIED MORTGAGE BONDS" ISSUED PURSUANT TO SECTION 143 OF THE INTERNAL REVENUE CODE BY TEXAS STATE AFFORDABLE HOUSING CORPORATION ("TSAHC") IN ITS CAPACITY AS AN "ON BEHALF OF" GOVERNMENTAL ISSUER PURSUANT TO ITS AUTHORITY UNDER TEXAS LAW (SUBCHAPTER Y OF CHAPTER 2306, OF THE TEXAS GOVERNMENT CODE, AS AMENDED). SUCH BOND ISSUES ARE NOT "QUALIFIED 501(C)(3) BONDS" ISSUED FOR THE BENEFIT OF TSAHC AS A 501 (C)(3) ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 HAS BEEN COMPLETED A DRAFT COPY IS PROVIDED TO THE PRESIDENT AND TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH BOARD MEMBER, KEY EMPLOYEE AND MEMBER OF MANAGEMENT TO SIGN A CONFLICT OF INTEREST STATEMENT. MANAGEMENT REVIEWS THESE POLICIES EACH YEAR AND REPORTS THE RESULTS TO THE BOARD FOR THEIR CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPENSATION FOR THE PRESIDENT ANNUALLY. COMPARABLE DATA IS ACQUIRED FROM LIKE AGENCIES. ANY SALARY ADJUSTMENT IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE AT ITS CORPORATE OFFICES UPON REQUEST. FORM 990, PART XI, LINE 9: DIFFERENCE BETWEEN PBC FINANCIAL AND AFS -10. FORM 990, PART XI, LINE 2C: THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.