FIRST A M E HOUSING ASSOCIATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FIRST A M E HOUSING ASSOCIATION (EIN 91-1148798)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202213199349323226
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T16:51:58-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911347576 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOVERIDGE HUNT & CO CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14725 SE 36TH ST STE 401 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 980061682 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911148798 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST AME HOUSING ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FIRS | BusinessNameControlTxt |
| Phone | 2065103061 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 EAST YESLER WAY | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98122 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARCUS PRICE | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2063241840 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARCUS | PersonFirstNm |
| Person Last | PRICE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 888008888 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JIE KLEMM | PreparerPersonNm |
| PTIN | P01939897 | PTIN |
| Phone | 4254532088 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAME | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROXANNE BUCHANAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 EAST YESLER WAY | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98122 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,643,565 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1969 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | PROVISION OF AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND THE ELDERLY | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,266,836 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,347,824 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,150 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,691 | CYInvestmentIncomeAmt |
| CY Other Revenue | $292,050 | CYOtherRevenueAmt |
| PY Total Revenue | $2,268,986 | PYTotalRevenueAmt |
| CY Total Revenue | $2,643,565 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $393,400 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $432,141 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $926,201 | PYOtherExpensesAmt |
| CY Other Expenses | $1,134,552 | CYOtherExpensesAmt |
| PY Total Expenses | $1,319,601 | PYTotalExpensesAmt |
| CY Total Expenses | $1,566,693 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $949,385 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,076,872 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,510,795 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,131,931 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,321,652 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,911,076 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,189,143 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,220,855 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVISION OF AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND THE ELDERLY | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,566,693 | ExpenseAmt |
| Revenue | $2,347,824 | RevenueAmt |
| Desc | FIRST AME HOUSING ASSOCIATION IS A NON-PROFIT WASHINGTON STATE CORPORATION THAT HAS LEGAL TITLE TO THREE PROPERTIES. THROUGH OUT THE THREE PROPERTIES ARE 98 UNITS, LOCATED IN SEATTLE, WASHINGTON. | Desc |
| Total Program Service Expenses | $1,566,693 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARCUS PRICE | PersonNm |
| Phone | 2065103061 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 EAST YESLER WAY | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98122 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| F RONALD L FLYNN | ||||||
| PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROXANNE BUCHANAN | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| THERON Q HOOKS | ||||||
| VICE PRESIDE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARCUS PRICE | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| HAROLD WRIGHT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LARRY LAUNDRY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PRESTON HAMPTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL INCOME | 532000 | $2,304,934 | $2,304,934 |
| MISCELLANEOUS REVENUE | 900099 | $34,509 | $34,509 |
| TENANT CHARGES | 812300 | $4,376 | $4,376 |
| LAUNDRY AND VENDING | 532000 | $4,005 | $4,005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,347,824 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,691 | TotalRevenueColumnAmt |
| Exclusion | $3,691 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SETTLEMENT INCOME | Desc |
| Total Revenue Column | $292,050 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $292,050 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $292,050 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,643,565 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,639,874 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $3,691 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,870 | TotalAmt |
| Program Services | $366,870 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,499 | TotalAmt |
| Program Services | $26,499 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,772 | TotalAmt |
| Program Services | $38,772 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,394 | TotalAmt |
| Program Services | $68,394 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,792 | TotalAmt |
| Program Services | $57,792 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,229 | TotalAmt |
| Program Services | $33,229 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,602 | TotalAmt |
| Program Services | $1,602 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,988 | TotalAmt |
| Program Services | $66,988 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,279 | TotalAmt |
| Program Services | $1,279 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,599 | TotalAmt |
| Program Services | $4,599 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,241 | TotalAmt |
| Program Services | $139,241 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,472 | TotalAmt |
| Program Services | $78,472 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| UTILITIES | $282,280 | $282,280 |
| GARBAGE AND TRASH REMOVAL | $91,001 | $91,001 |
| SUPPLIES | $90,826 | $90,826 |
| REPAIR & MAINT. CONTRACTS | $66,971 | $66,971 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,878 | TotalAmt |
| Program Services | $151,878 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,566,693 | TotalAmt |
| Program Services | $1,566,693 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $318,084 | BOYAmt |
| EOY | $267,012 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,501,433 | BOYAmt |
| EOY | $2,991,248 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,073 | BOYAmt |
| EOY | $118,531 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,978 | BOYAmt |
| EOY | $71,823 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,639,470 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,825,629 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $953,082 | BOYAmt |
| EOY | $813,841 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,630,145 | BOYAmt |
| EOY | $3,869,476 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,510,795 | BOYAmt |
| EOY | $8,131,931 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $557,569 | BOYAmt |
| EOY | $404,555 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,689 | BOYAmt |
| EOY | $39,088 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $748,394 | BOYAmt |
| EOY | $1,467,433 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,321,652 | BOYAmt |
| EOY | $1,911,076 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,189,143 | BOYAmt |
| EOY | $6,220,855 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,189,143 | BOYAmt |
| EOY | $6,220,855 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,510,795 | BOYAmt |
| EOY | $8,131,931 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,076,872 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$45,160 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,221,632 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,186,711 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,195,488 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,118,693 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,639,874 | CurrentTaxYearAmt |
| Total | $10,362,398 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,221,632 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,186,711 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,195,488 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,118,693 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,639,874 | CurrentTaxYearAmt |
| Total | $10,362,398 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $10,362,398 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $787 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $926 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,308 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,150 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,691 | CurrentTaxYearAmt |
| Total | $8,862 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $787 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $926 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,308 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,150 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,691 | CurrentTaxYearAmt |
| Total | $8,862 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,222,419 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,187,637 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,196,796 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,120,843 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,643,565 | CurrentTaxYearAmt |
| Total | $10,371,260 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99910 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99940 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,578 | OtherCostOrOtherBasisAmt |
| Book Value | $101,578 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,607,149 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,027,158 | DepreciationAmt |
| Book Value | $579,991 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,818 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,818 | DepreciationAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $878,925 | OtherCostOrOtherBasisAmt |
| Depreciation | $746,653 | DepreciationAmt |
| Book Value | $132,272 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $813,841 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONSTRUCTION IN PROGRESS | $2,250,046 |
| REPLACEMENT RESERVE | $1,587,781 |
| SECURITY DEPOSITS | $30,106 |
| MORTGAGE ESCROW DEPOSITS | $1,543 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,869,476 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| NOTES PAYABLE | $1,436,567 |
| SECURITY DEPOSITS | $30,223 |
| ACCRUED EXPENSES | $643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,467,433 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $2,643,565 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $2,643,565 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,643,565 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,566,693 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,566,693 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,566,693 | TotalExpensesPerForm990Amt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, ITEM B | THE ORGANIZATION IS AMENDING FORM 990 TO AGREE WITH THE 2020 AUDITED FINANCIAL STATEMENTS WHICH WERE COMPLETED AFTER THE FORM 990'S EXTENDED DUE DATE HAD PAST. THE ORIGINAL FORM 990 WAS PREPARED WITH THE BEST INFORMATION AVAILABLE AT THE TIME IT WAS FILED. IN ADDITION, THIS AMENDED FORM 990 IS CORRECTING STATEMENTS REGARDING THE ORGANIZATION'S GOVERNING BODY. THE AMENDED REVISION ARE AS FOLLOWS: AS ORIGINALLY AMOUNT AMENDED REPORTED CHANGE AMOUNTS PART I SUMMARY LINE 9 PROGRAM SERVICE REVENUE 2,514,030 (166,206) 2,347,824 LINE 12 TOTAL REVENUE 2,562,567 80,998 2,643,565 LINE17 OTHER EXPENSES 1,160,615 (26,063) 1,134,552 LINE 18 TOTAL EXPENSES 1,592,756 (26,063) 1,566,693 LINE 22 NET ASSETS 6,158,954 61,901 6,220,855 PART VIII STATEMENT OF REVENUE LINE 2A RENTAL INCOME 2,236,934 68,000 2,304,934 LINE B MISCELLANEOUS INCOME 268,715 (234,206) 34,509 LINE 2G AND 12A COL A AND B 2,514,030 (166,206) 2,347,824 LINE 11A SETTLEMENT INCOME 44,862 247,188 292,050 PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 11 C ACCOUNTING 38,177 (4,948) 33,229 ALL OTHER EXPENSES 704,071 (21,115) 682,956 CHANGE IN EXPENSES (26,063) PART X BALANCE SHEET LINE 1 CASH 246,448 20,564 267,012 LINE 4 ACCOUNTS RECEIVABLE 75,631 42,900 118,531 CONSTRUCTION IN PROGRESS 2,242,309 7,737 2,250,046 LINE 16 TOTAL ASSETS 8,060,730 71,201 8,131,931 LINE 17 ACCOUNTS PAYABLE 395,255 9,300 404,555 LINE 237 NET FUND BALANCES 6,158,954 61,901 6,220,855 LINE 33 TOTAL LIAB & NET ASSETS 8,060,730 71,201 8,131,931 |
| FORM 990, PART VI | FORM 990, PART VI, LINE 6 - FIRST AME HOUSING ASSOCIATION DOES NOT HAVE MEMBERS OR STOCKHOLDERS. INSTEAD, ALL OPERATIONS ARE MANAGED BY THE BOARD OF DIRECTORS SELECTED ON A BI-ANNUAL SCHEDULE. FORM 990, PART VI, LINE 7A - ELECTION AND TERM OF OFFICE. THE OFFICERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. IF THE ELECTION OF OFFICERS DOES NOT TAKE PLACE AT THE ANNUAL MEETING, THE BOARD SHALL ELECT OFFICERS AS SOON THEREAFTER AS CONVENIENT. EACH OFFICER SHALL HOLD OFFICE UNTIL HIS OR HER SUCCESSOR HAS BEEN ELECTED. FORM 990, PART VI, LINE 7B - ALL GOVERNANCE DECISIONS ARE MADE BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE BYLAWS AND ARTICLES OF INCORPORATION. |
| FORM 990, PAGE 6, PART VI, LINE 3 | FAME DELEGATED MANAGEMENT TO MICHAELS MANAGEMENT AFFORDABLE LLC TO MAINTAIN DAILY OPERATION OF THE THREE PROPERTIES AS OF YEAREND. |
| FORM 990, PAGE 6, PART VI, LINE 11B | REVIEW IS DONE BY TREASURER. THE TREASURER IS THE LEADER OF THE FINANCE COMMITTEE. THE SUBMISSION OF THE 990 FALLS UNDER THE RESPONSIBILITIES OF THE FINANCE COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9 | PPA -45,160 |