2022-11-15T10:35:49-06:00 2021-12-31 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2021-01-01 841650039 ALEXANDRIA HOUSING DEVELOPMENT CORPORATION ALEX 7037397775 1201 E ABINGDON DRIVE 210 ALEXANDRIA VA 22314 JONATHAN FREDERICK PRESIDENT AND CEO 7037397775 2022-11-14 1 JONATHAN FREDERICK 999009999 TRAVIS DANIEL P01289276 4104031500 2022-11-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JONATHAN FREDERICK 1201 E ABINGDON DRIVE 210 ALEXANDRIA VA 22314 8689601 0 X WWW.HOUSINGALEXANDRIA.ORG X 2004 VA THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA. 10 10 12 10 0 0 1207664 925594 8834196 7763038 11374 969 0 0 10053234 8689601 4023 530 0 0 1635789 1806512 0 0 0 11454763 11657570 13094575 13464612 -3041341 -4775011 129845902 129711642 119850682 124491325 9995220 5220317 X THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA. 0 0 11109390 7168803 THE ORGANIZATION ACQUIRED PARKSTONE ALEXANDRIA APARTMENTS ON JANUARY 28, 2020. THE ORGANIZATION OWNS AND OPERATES THIS 326-UNIT APARTMENT COMPLEX LOCATED IN ALEXANDRIA, VIRGINIA. AHDC IS THE SOLE MEMBER AND DEVELOPER FOR AHDC PC DR, LLC. 1020271 530 254693 THE ORGANIZATION EXISTS TO DEVELOP AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA. 378145 324345 THE ORGANIZATION ACQUIRED ELLSWORTH APARTMENTS ON SEPTEMBER 5, 2019. THE ORGANIZATION OWNS AND OPERATES THIS 20-UNIT APARTMENT COMPLEX LOCATED IN ALEXANDRIA, VIRGINIA. AHDC IS THE SOLE MEMBER AND DEVELOPER FOR AHDC ELLSWORTH, LLC. 15197 THE ORGANIZATION HAS ACQUIRED A RESIDENTIAL UNIT FOR THE PURPOSE OF PROVIDING RENTAL HOUSING, AT NO COST, TO A RETIRED CITY OF ALEXANDRIA POLICE OFFICER. 15197 12507806 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 15 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X JONATHAN FREDERICK 7037397775 1201 E ABINGDON DRIVE SUITE 210 ALEXANDRIA VA 22314 DANIEL ABRAMSON CHAIR 5.00 X X 0 0 0 ROBERT BURNS VICE CHAIR 2.00 X X 0 0 0 CATHERINE PHARIS TREASURER 2.00 X X 0 0 0 JOHN CORRADO SECRETARY 2.00 X X 0 0 0 MICHAEL CAISON DIRECTOR 2.00 X 0 0 0 MEGAN GLASHEEN DIRECTOR 2.00 X 0 0 0 ALYSON MILLER DIRECTOR 2.00 X 0 0 0 CHARLES PITTMAN DIRECTOR 2.00 X 0 0 0 JOE RESENDE DIRECTOR 2.00 X 0 0 0 CHRISTINA STACY DIRECTOR 2.00 X 0 0 0 JON FREDERICK EXECUTIVE DIRECTOR 40.00 X 193757 0 19155 AARON REMOLONA PROJECT MANAGER 40.00 X 129078 0 9522 GARTH ROBINSON VP, PROPERTY & ASSET MANAGEMENT 40.00 X 104611 0 11192 427446 0 39869 3 0 1 0 DAVIS CARTER SCOTT LTD 8614 WESTWOOD CENTER DRIVE SUITE 8 TYSONS VA 22182 ARCHITECTURE 284588 ADVANCED PROJECT MANAGEMENT INC 4530 WALNEY ROAD SUITE 202 CHANTILLY VA 20151 PROJECT MANAGEMENT 213435 CLIFTON LARSON ALLEN LLP 901 NORTH GLEBE ROAD ARLINGTON VA 22203 ACCOUNTING SERVICES 167929 CITY OF ALEXANDRIA 301 KING STREET ALEXANDRIA VA 22314 PRE-DEVELOPMENT 161638 HOLLAND KNIGHT LLP PO BOX 864084 ORLANDO FL 32886 LEGAL SERVICES 146691 6 740253 185341 925594 RENTAL REVENUE 531110 6338443 6338443 TENANT CHARGES 531110 860249 860249 PROGRAM INTEREST INCOM 531390 187554 187554 PARKING 531110 174011 174011 MISCELLANEOUS REVENUE 531390 134622 134622 68159 68159 7763038 969 969 8689601 7763038 0 969 X 530 530 212912 161004 51908 1348357 1172728 175629 37455 31281 6174 113921 104129 9792 93867 85908 7959 291196 291196 13272 7579 5693 210240 210240 42135 42135 64107 56405 7702 173182 148100 25082 7372098 7372098 2366 2366 13332 12494 838 74960 74960 2985917 2985917 37520 28373 9147 BAD DEBTS 105781 105781 0 RENT 99246 75050 24196 OTHER RENT EXPENSES 71049 71049 0 MISCELLANEOUS TAXES AND 57142 47300 9842 44027 42080 1947 13464612 12507806 956806 0 939810 1789009 17730 17748 208150 346119 7796370 8377626 87755 84722 111939651 5691709 108902437 106247942 11893650 12848476 129845902 129711642 2015798 4516054 4847222 4680556 144041 186574 112322280 114538372 521341 569769 119850682 124491325 X 9995220 5220317 9995220 5220317 129845902 129711642 -4775011 108 0 X X 0 1 X 1 0 X 327580 361044 389845 1207664 925594 3211727 327580 361044 389845 1207664 925594 3211727 3211727 5356 6958 9500 11374 969 34157 3245884 27821092 0.98950 0.98550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 24093047 24093047 87304142 5464021 81840121 542462 227688 314774 106247942 LOAN INTEREST RECEIVABLE 1415882 SECURITY DEPOSIT 14067 DEVELOPER FEE RECEIVABLE 6916681 INVESTMENT IN SUBSIDIARY -564 PRE DEVELOPMENT 2991559 CONSTRUCTION IN PROGRESS 26078 REPLACEMENT RESERVES 1010347 OTHER ESCROW & RESERVES 301549 TENANT SECURITY DEPOSITS 163045 DELIVERY FEE RECEIVABLE 9832 12848476 RENT ASSISTANCE PAYMENT PAYABLE 42076 DEVELOPER FEE PAYABLE 368067 RPO REPLACEMENT RESERVE 2950 PREPAID REVENUE 156676 569769 14706067 6378953 6378953 8327114 362487 362487 8689601 22939455 9858531 9858531 13080924 383688 383688 13464612 PART IV, LINE 2B: THE AMOUNT OF $186,574 ON THE ACCOMPANYING BALANCE SHEET REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH SHOULD BE AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT 1% BELOW THE CURRENT FEDERAL RATE. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. PART XI, LINE 2D - OTHER ADJUSTMENTS: ELIMINATION OF AFFILIATES' REVENUES 6,378,953. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION OF INTERCOMPANY TRANSACTIONS 256,706. RECLASSIFICATION OF BAD DEBT EXPENSE 105,781. PART XII, LINE 2D - OTHER ADJUSTMENTS: ELIMINATION OF AFFILIATES' EXPENSES 9,858,531. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION OF INTERCOMPANY TRANSACTIONS 277,907. RECLASSIFICATION OF BAD DEBT EXPENSE 105,781. X X X 0 0 0 0 0 0 0 0 0 JON FREDERICK EXECUTIVE DIRECTOR 193757 0 0 0 0 0 6560 0 12595 0 212912 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 AHDC RPO UNIT #1, LLC IS MANAGED BY EQUITY MANAGEMENT II, LLC, AN UNRELATED PARTY, PURSUANT TO THE TERMS OF A MANAGEMENT AGREEMENT DATED JANUARY 1, 2012. THE AGREEMENT IS FOR ONE YEAR AND WILL REMAIN IN EFFECT ON A MONTH-TO-MONTH BASIS UNLESS TERMINATED PURSUANT TO THE AGREEMENT. THE FEE IS $85 PER MONTH AND IS PAYABLE QUARTERLY. FOR THE YEAR ENDED DECEMBER 31, 2021, PROPERTY MANAGEMENT FEES OF $1,020 WERE INCURRED AND PAID. AHDC ELLSWORTH, LLC IS MANAGED BY S.L. NUSBAUM REALTY CO., AN UNRELATED PARTY, PURSUANT TO THE TERMS OF A MANAGEMENT AGREEMENT DATED AUGUST 1, 2019. THE AGREEMENT IS FOR ONE YEAR AND WILL REMAIN IN EFFECT ON AN ANNUAL BASIS UNLESS TERMINATED PURSUANT TO THE AGREEMENT. THE FEE IS COMPUTED AT 4.5% OF RENT COLLECTIONS FOR THE PRECEDING MONTH, AS DEFINED. FOR THE YEAR ENDED DECEMBER 31, 2021, PROPERTY MANAGEMENT FEES OF $14,142 WERE INCURRED AND PAID. AHDC PC DR, LLC IS MANAGED BY JBGS/TRS, L.L.C., AN UNRELATED PARTY, PURSUANT TO THE TERMS OF A MANAGEMENT AGREEMENT DATED JANUARY 28, 2020. THE AGREEMENT IS FOR AN INITIAL TWO-YEAR TERM AND WILL REMAIN IN EFFECT ON AN ANNUAL ONE-YEAR TERM BASIS UNLESS TERMINATED PURSUANT TO THE AGREEMENT. THE FEE IS COMPUTED AT 4% OF GROSS RECEIPT COLLECTIONS. FOR THE YEAR ENDED DECEMBER 31, 2021, PROPERTY MANAGEMENT FEES OF $277,054 WERE INCURRED AND $46,163 REMAINS PAYABLE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT IS REVIEWED BY THE EXECUTIVE DIRECTOR, TREASURER, AND THE ACCOUNTANTS. THE DRAFT IS COMPARED TO THE PRIOR YEAR'S RETURN AND THE FINANCIAL STATEMENTS. THE EXECUTIVE DIRECTOR OR THE TREASURER GIVES THE APPROVAL FOR THE FINAL VERSION OF THE FORM 990 TO BE CREATED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF BOARD OF DIRECTORS OR APPROPRIATE COMMITTEE WITH DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT-OF-INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT ALEXANDRIA HOUSING DEVELOPMENT CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 ALEXANDRIA HOUSING DEVELOPMENT CORPORATION (AHDC) BOARD OF DIRECTORS EMPLOYED A COMPENSATION SPECIALIST TO ANALYZE THE COMPENSATION PACKAGE FOR THE AHDC'S PRESIDENT, JONATHAN D FREDERICK. AHDC'S PRESIDENT USED INDUSTRY REPORTS, NAMELY A LOCAL AFFORDABLE HOUSING REGIONAL NETWORK REPORT, TO ENSURE SALARIES FOR KEY EMPLOYEES WERE CONSTANT WITH THE MARKET FOR LIKE JOB DESCRIPTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS OR UPON REQUEST. FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: UTILITIES $801,090 REAL ESTATE TAXES 906,197 REPAIRS & MAINTENANCE 560,770 PROPERTY INSURANCE 367,433 MORTGAGE INTEREST 4,736,608 TOTAL OCCUPANCY EXPENSE $7,372,098 FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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