2021-07-14T14:08:42-05:00 2020-08-31 742900215 MAXWELL LOCKE & RITTER LLP 401 CONGRESS AVENUE SUITE 1100 AUSTIN TX 787019682 990 2019-09-01 742746185 TEXAS STATE AFFORDABLE HOUSING CORPORATION TEXA 5124773555 6701 SHIRLEY AVE AUSTIN TX 78752 MELINDA SMITH CHIEF FINANCIAL OFFICER 5129041399 2021-07-14 1 SEAN HOLCOMB P01249221 5123703200 2019 2022-09-23 18:48:47Z X DAVID LONG 6701 SHIRLEY AVE AUSTIN TX 78752 100463942 0 X WWW.TSAHC.ORG X 1994 TX PROVIDE LOWER INCOME TEXANS WITH HOUSING FINANCE OPTIONS. 5 5 24 0 0 0 765988 3511639 8126677 39106639 2314451 3443830 452485 500471 11659601 46562579 1223000 1164000 0 0 2186286 2407494 0 0 180521 5357541 6040629 8766827 9612123 2892774 36950456 120401181 152556646 76964888 69683367 43436293 82873279 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 5048941 60214 40323318 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. 377199 74862 234415 TEXAS HOUSING IMPACT FUND (IMPACT FUND)/FORMERLY AFFORDABLE COMMUNITIES OF TEXAS (ACT) - THE IMPACT FUND OFFERS SHORT AND LONG-TERM FINANCING FOR 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. 1037371 0 1581796 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. 2580312 1028924 EXPENSES GRANTS REVENUELOAN SERVICING 367,410 0 0MULTI-FAMILY HOUSING 301,227 0 0OTHER 1,911,675 1,028,924 2580312 1028924 9043823 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 36 0 24 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 X MELINDA SMITH 5129041399 6701 SHIRLEY AVE AUSTIN TX 78702 WILLIAM DIETZ CHAIR 1.00 X 0 0 0 VALERIE CARDENAS VICE CHAIR 1.00 X 0 0 0 LALI SHIPLEY MEMBER 1.00 X 0 0 0 COURTNEY JOHNSON-ROSE MEMBER 1.00 X 0 0 0 ANDY WILLIAMS MEMBER 1.00 X 0 0 0 DAVID W LONG PRESIDENT 40.00 X 208891 0 27686 LACY BROWN BOARD SECRETARY & EXECUTIV 40.00 X 10076 0 6954 MELINDA GAY SMITH CFO & TREASURER 40.00 X 151194 0 20878 SAN JUANITA TAYLOR EXECUTIVE VICE PRESIDENT 40.00 X 130000 0 5200 REBECCA DELEON CORPORATE SECRETARY 40.00 X 39936 0 7899 TIMOTHY ALMQUIST SENIOR DIRECTOR 40.00 X 241609 0 27322 NICHOLAS LAWRENCE CONTROLLER 40.00 X 129248 0 23949 DAVID DANENFELZER SENIOR DIRECTOR 40.00 X 103765 0 32182 1014719 0 152070 6 0 1 0 GREENBURG TRAURIG 2101 L ST NW SUITE 1000 WASHINGTON DC 20037 LEGAL SERVICES 111009 1 2889188 622451 3511639 SINGLE FAMILY LOAN INCOME AND SER 900099 36489699 36489699 OTHER LOAN SERVICING AND ISSUER F 900099 894806 894806 ASSET OVERSIGHT/COMPLIANCE FEES 900099 837352 837352 MULTIFAMILY LOAN INCOME AND SERVI 900099 436713 436713 INTEREST INCOME-MF PROGRAM LOANS 900099 342684 342684 105385 105385 39106639 614113 614113 2532419 2532419 577012 76541 500471 500471 500471 54122027 93 53824738 84 297289 9 297298 297298 46562579 42139529 0 911411 1164000 1164000 935594 802272 95150 38172 1394760 1196007 141847 56906 77140 66148 7845 3147 120127 109669 2486 7972 77380 66353 7870 3157 34501 29584 3509 1408 683552 586146 69517 27889 79110 68979 4019 6112 195604 173907 15485 6212 140538 120511 14293 5734 68743 62391 4209 2143 14965 12832 1522 611 2236053 2236053 475026 463063 8538 3425 167430 154369 9321 3740 BOND FEES AND PROGRAM F 1426375 1426527 -152 GRANT ADMINISTRATION EX 135076 135076 ACT PROGRAM EXPENSES 100537 100532 5 MISCELLANEOUS EXPENSES 85612 69404 2315 13893 9612123 9043823 387779 180521 5986827 13334546 40445131 14532420 912099 2370440 274427 241566 2137563 922839 1220451 1214724 53537681 70511892 17490395 50037365 534170 313693 120401181 152556646 1351137 1845201 4079832 3747328 67142282 59377923 3971961 3892421 419676 820494 76964888 69683367 X 33195313 71725667 10240980 11147612 43436293 82873279 120401181 152556646 36950456 2486530 0 X X 0 1 X 1 1 1 X 748159 258943 722986 765988 3511639 6007715 8515651 9366977 14986265 10008077 42139529 85016499 9263810 9625920 15709251 10774065 45651168 91024214 0 2350276 2350276 2350276 2350276 88673938 127133 248308 473102 699443 614113 2162099 127133 248308 473102 699443 614113 2162099 9390943 9874228 16182353 11473508 46265281 93186313 0.95160 0.97340 0.02320 0.02660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 232240 232240 1304357 437526 866831 11768 9505 2263 589198 475808 113390 1214724 MORTGAGE LOANS RECEIVABLE 418134 C MORTGAGE NOTES RECEIVABLE 33515276 C OWNED REAL ESTATE, FED. PROGRAM 16103955 C 50037365 OTHER CURRENT LIABILITIES 639063 MULTIFAMILY CUSTODIAL RESERVES 181431 820494 X 48254005 2486530 18130 76541 2581201 45672804 889775 889775 46562579 8817019 18130 76541 94671 8722348 889775 889775 9612123 PART X, LINE 2: THE CORPORATION, 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. 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 76,541. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 44,517. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 798,708. CLOSING COSTS NETTED WITH REVENUE FOR AUDIT 12,712. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT -9. BAD DEBT RECOVERY 2,914. EXPENSES NETTED WITH REVENUE FOR AUDIT 30,933. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 76,541. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 44,517. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 798,708. CLOSING COSTS NETTED WITH EXPENSES FOR AUDIT 12,712. BAD DEBT RECOVERY 2,914. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT -9. EXPENSES NETTED WITH REVENUE FOR AUDIT 30,933. 1 6 STONES MISSION NETWORK 209 N INDUSTRIAL BLVD BEDFORD TX 76021 264829432 501(C)(3) 21000 CRITICAL HOME REPAIRS AUSTIN HABITAT FOR HUMANITY 500 W BEN WHITE BLVD AUSTIN TX 78704 742373217 501(C)(3) 21000 CRITICAL HOME REPAIRS AVENUE COMMUNITY DEVELOPMENT 2505 WASHINGTON AVE 400 HOUSTON TX 77007 760380602 501(C)(3) 21000 CRITICAL HOME REPAIRS BETHANY HOUSE OF LAREDO 817 HIDALGO ST LAREDO TX 78040 742317098 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES BLACKLAND COMMUNITY DEVELOPMENT CORPORATION 1902 E 22ND ST AUSTIN TX 78722 742279246 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES BUCKNER CHILDREN AND FAMILY SERVICES INC 3402 DANIEL MCCALL SUITE 21 LUFKIN TX 75904 752571395 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES CDC OF BROWNSVILLE 901 EAST LEVEE ST BROWNSVILLE TX 78520 741835777 501(C)(3) 21000 CRITICAL HOME REPAIRS EASTER SEALS CENTRAL TEXAS 8505 CROSS PARK DRIVE AUSTIN TX 78754 750808811 501(C)(3) 21000 CRITICAL HOME REPAIRS ENTERPRISE COMMUNITY PARTNERS 643 MAGAZINE STREET SUITE 202 NEW ORLEANS LA 70130 521231931 501(C)(3) 189500 FUNDING TO MAKE PROGRAMMATIC GRANTS UNDER HEART FORT BEND HABITAT FOR HUMANITY 13570 MURPHY ROAD STAFFORD TX 77477 760355468 501(C)(3) 21000 CRITICAL HOME REPAIRS FOUNDATION COMMUNITIES 3036 S 1ST STREET AUSTIN TX 78704 742563260 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES GALILEE COMMUNITY DEVELOPMENT CORPORATION 1404 S OAKES ST SAN ANGELO TX 76903 752865891 501(C)(3) 21000 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY COLLIN COUNTY 2060 COUCH DRIVE MCKINNEY TX 75069 752443511 501(C)(3) 21000 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY OF SMITH COUNTY 822 W FRONT STREET TYLER TX 75702 752285678 501(C)(3) 21000 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY WILLIAMSON COUNTY PO BOX 737 GEORGETOWN TX 78627 742907371 501(C)(3) 21000 CRITICAL HOME REPAIRS LEGACY CDC 3025 PARK PLAZA CIR PORT ARTHUR TX 77642 208023787 501(C)(3) 100000 CRITICAL HOME REPAIRS MEALS ON WHEELS AND MORE 3227 E 5TH ST AUSTIN TX 78702 237202594 501(C)(3) 21000 CRITICAL HOME REPAIRS MOTIVATION EDUCATION AND TRAINING INC PO BOX 1838 NEW CANEY TX 77357 741604560 501(C)(3) 21000 CRITICAL HOME REPAIRS NEW HOPE HOUSING INC 1117 TEXAS AVENUE HOUSTON TX 77002 731419279 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES NUTRITION AND SERVICES FOR SENIORS 4590 CONCORD ROAD BEAUMONT TX 77703 760074137 501(C)(3) 70500 CRITICAL HOME REPAIRS OPPORTUNITY CENTER FOR THE HOMELESS 1208 MYRTLE AVE EL PASO TX 79901 742634199 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES TARRANT COUNTY SAMARITAN HOUSING 929 HEMPHILL ST FORT WORTH TX 76104 752401109 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES THE WOMEN'S HOME 607 WESTHEIMER ROAD HOUSTON TX 77006 741467811 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES TIERRA DEL SOL HOUSING CORPORATION 6090 DURETY DRIVE EL PASO TX 79905 850227016 501(C)(3) 21000 CRITICAL HOME REPAIRS TRINITY HABITAT FOR HUMANITY 9333 N NORMANDALE STREET FORT WORTH TX 76116 752239189 501(C)(3) 21000 CRITICAL HOME REPAIRS VICTORIA COUNTY LONG TERM RECOVERY GROUP 207 N GLASS ST VICTORIA TX 77901 824862966 501(C)(3) 10000 CRITICAL HOME REPAIRS VINCARE SERVICES SAINT LOUISE HOUSE PO BOX 150637 AUSTIN TX 78715 742968167 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES YOUTH & FAMILY ALLIANCE LIFEWORKS 3700 SOUTH 1ST STREET AUSTIN TX 78704 742137189 501(C)(3) 21000 SUPPORTIVE HOUSING SERVICES INTERFAITH ACTION OF CENTRAL TEXAS (IACT) 2921 E 17TH ST 3 AUSTIN TX 78702 742509149 501(C)(3) 40000 CRITICAL HOME REPAIRS FIFTH WARD CRC 4300 LYONS AVE SUITE 300 HOUSTON TX 77020 760288037 501(C)(3) 100000 CRITICAL HOME REPAIRS SOMEBODY CARES 5005 W 34TH ST 101 A HOUSTON TX 77092 831054446 501(C)(3) 50000 CRITICAL REPAIR GRANTS SOUTHEAST TEXAS EMERGENCY RELIEF 3340 EASTEX FWY BEAUMONT TX 77703 203461985 501(C)(3) 100000 CRITICAL HOME REPAIRS 32 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 DAVID W LONG PRESIDENT 208891 0 0 0 0 0 8557 0 19129 0 236577 0 0 0 MELINDA GAY SMITH CFO & TREASURER 151194 0 0 0 0 0 3379 0 17499 0 172072 0 0 0 TIMOTHY ALMQUIST SENIOR DIRECTOR 241609 0 0 0 0 0 9823 0 17499 0 268931 0 0 0 NICHOLAS LAWRENCE CONTROLLER 129248 0 0 0 0 0 4820 0 19129 0 153197 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: 05/05/2020 B - DATE OF THE REBATE COMPUTATION PERFORMED: 02/12/2020 C - DATE OF THE REBATE COMPUTATION PERFORMED: TAXABLE BONDS AND DO NOT REQUIRE A REBATE REPORT D - DATE REBATE COMPUTATION PERFORMED: 05/20/2020 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 2C: THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.