FORESIGHT AFFORDABLE HOUSING INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- FORESIGHT AFFORDABLE HOUSING INC (EIN 52-1979028)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201903189349304935
- Schema version
- 2018v3.1
- 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 | 2019-11-14T11:03:47-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MARKET STREET SUITE 1700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521979028 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORESIGHT AFFORDABLE HOUSING INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % NELSON MORGAN | InCareOfNm |
| Business Name Control | FORE | BusinessNameControlTxt |
| Phone | 6098232500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6601 Ventnor Ave Suite 23 | AddressLine1Txt |
| City | Ventnor | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08406 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DONALD REAPE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2155641900 | PhoneNum |
| Signature | 2019-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARC R BERGER CPA | PreparerPersonNm |
| PTIN | P01871563 | PTIN |
| Phone | 2155641900 | PhoneNum |
| Preparation | 2019-11-06 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 68.81.61.194 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 24174920193185000025 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DEAEE6ADD084DA5AD2D3E252E927528D79130FA8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 81AABA376CCDB2152A7C93D9EB975A548D1FF40A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-04-17 16:48:07Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DONALD REAPE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6601 VENTNOR AVENUE Suite 23 | AddressLine1Txt |
| City | VENTNOR | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,667,470 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | foresightinc.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | AFFORDABLE HOUSING PROVIDER THAT PROVIDES MANAGEMENT SERVICES AND PROJECT OVERSIGHT IN AN EFFORT TO PROVIDE QUALITY AFFORDABLE HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $719,840 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,703,814 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,708,111 | CYProgramServiceRevenueAmt |
| PY Investment Income | $186,319 | PYInvestmentIncomeAmt |
| CY Investment Income | $208,595 | CYInvestmentIncomeAmt |
| PY Other Revenue | $39,510 | PYOtherRevenueAmt |
| CY Other Revenue | $30,924 | CYOtherRevenueAmt |
| PY Total Revenue | $3,929,643 | PYTotalRevenueAmt |
| CY Total Revenue | $4,667,470 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $8,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,071,799 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,162,633 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,922,508 | PYOtherExpensesAmt |
| CY Other Expenses | $3,064,024 | CYOtherExpensesAmt |
| PY Total Expenses | $4,000,307 | PYTotalExpensesAmt |
| CY Total Expenses | $4,235,157 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$70,664 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $432,313 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $31,503,540 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,057,702 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,607,723 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,426,268 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,895,817 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,631,434 | NetAssetsOrFundBalancesEOYAmt |
| Mission | FORESIGHT AFFORDABLE HOUSING, INC. WAS CREATED TO PROVIDE QUALITY AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $808,061 | ExpenseAmt |
| Revenue | $40,000 | RevenueAmt |
| Desc | The organization is an asset manager of multi-family housing projects with HUD insured mortgages and consults on new developments. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,192,775 | ExpenseAmt |
| Grant | $8,500 | GrantAmt |
| Revenue | $3,668,111 | RevenueAmt |
| Desc | operating expenses of housing projects. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,000,836 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | 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 |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | 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 | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | 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 | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 7 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| 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 |
| 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 | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | 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 | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NELSON MORGAN | PersonNm |
| Phone | 6098232500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6601 VENTNOR AVE SUITE 23 | AddressLine1Txt |
| City | VENTNOR | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08406 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DONALD REAPE | ||||||||
| PRESIDENT | 20.0 | 1.0 | Yes (X) | Yes (X) | $76,914 | $0 | $2,199 | |
| MORTON W SCHOMER | ||||||||
| VICE PRESIDENT & Asst. Secreta | 5.0 | 1.0 | Yes (X) | Yes (X) | $33,111 | $0 | $894 | |
| DR BRUCE JOHNSON | ||||||||
| SECRETARY & TREASUERER | 5.0 | 1.0 | Yes (X) | Yes (X) | $16,305 | $0 | $381 | |
| GERALD F SCHWAM | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| LYNDA BARNESS | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| NEISA CARABALLO | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| E James Henderson | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| Javier L Osborne | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| NELSON MORGAN | ||||||||
| KEY EMPLOYEE | 40.0 | 0.0 | $234,489 | $0 | $47,932 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $370,819 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $51,406 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAELS MANAGEMENT-AFFORDABLE LLC | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 COOPER STREET PO BOX 90708 | AddressLine1Txt |
| City | CAMDEN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Management Company | ServicesDesc |
| Compensation | $280,628 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $719,840 | RelatedOrganizationsAmt |
| Total Contributions | $719,840 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| RENT REVENUE | $3,638,111 | $3,638,111 |
| MANAGEMENT FEES | $30,000 | $30,000 |
| FEE INCOME | $40,000 | $40,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,708,111 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $208,595 | TotalRevenueColumnAmt |
| Exclusion | $208,595 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total Revenue Column | $30,924 | TotalRevenueColumnAmt |
| Exclusion | $30,924 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $30,924 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,667,470 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,708,111 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $239,519 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,500 | TotalAmt |
| Program Services | $8,500 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,819 | TotalAmt |
| Program Services | $370,819 | ProgramServicesAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $551,347 | TotalAmt |
| Program Services | $551,347 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,456 | TotalAmt |
| Program Services | $167,456 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,011 | TotalAmt |
| Program Services | $73,011 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,321 | TotalAmt |
| Management And General | $234,321 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,905 | TotalAmt |
| Program Services | $11,905 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,807 | TotalAmt |
| Program Services | $116,807 | ProgramServicesAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,033 | TotalAmt |
| Program Services | $1,033 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,382 | TotalAmt |
| Program Services | $69,382 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,966 | TotalAmt |
| Program Services | $12,966 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,649 | TotalAmt |
| Program Services | $11,649 | ProgramServicesAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,665 | TotalAmt |
| Program Services | $3,665 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,879 | TotalAmt |
| Program Services | $334,879 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $412,049 | TotalAmt |
| Program Services | $412,049 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $213,958 | TotalAmt |
| Program Services | $213,958 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| SUPPLIES | $382,446 | $382,446 |
| REAL ESTATE TAXES | $345,507 | $345,507 |
| SERVICE CONTRACTS | $200,555 | $200,555 |
| UTILITIES | $454,994 | $454,994 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,908 | TotalAmt |
| Program Services | $257,908 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,235,157 | TotalAmt |
| Program Services | $4,000,836 | ProgramServicesAmt |
| Management And General | $234,321 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,851,136 | BOYAmt |
| EOY | $3,355,970 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,472 | BOYAmt |
| EOY | $76,702 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,585,056 | BOYAmt |
| EOY | $18,080,487 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,247 | BOYAmt |
| EOY | $259,482 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,899,721 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,850,767 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,413,762 | BOYAmt |
| EOY | $9,048,954 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,814 | BOYAmt |
| EOY | $1,467 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,348,053 | BOYAmt |
| EOY | $1,234,640 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,503,540 | BOYAmt |
| EOY | $32,057,702 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,597 | BOYAmt |
| EOY | $104,848 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,848 | BOYAmt |
| EOY | $48,495 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,396,225 | BOYAmt |
| EOY | $9,209,009 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,053 | BOYAmt |
| EOY | $63,916 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,607,723 | BOYAmt |
| EOY | $9,426,268 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,895,817 | BOYAmt |
| EOY | $22,631,434 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,895,817 | BOYAmt |
| EOY | $22,631,434 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,503,540 | BOYAmt |
| EOY | $32,057,702 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $432,313 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $303,304 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 3 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (3 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| FORESIGHT AFFORDABLE HOUSING OF MARYLAND INC | ||||
| 521962141 | 10 | Yes (true) | $0 | $0 |
| FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA INC | ||||
| 521910387 | 10 | Yes (true) | $0 | $0 |
| FORESIGHT AFFORDABLE HOUSING - PENNSVILLE INC | ||||
| 222262967 | 10 | Yes (true) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 3 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | false | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (true) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (true) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (true) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Parent Supported Org | Yes (X) | ParentSupportedOrgInd |
| Appoint Elect Majority Officer | Yes (true) | AppointElectMajorityOfficerInd |
| Exercise Direction Policies | Yes (true) | ExerciseDirectionPoliciesInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV SECTION A LINE 1 - SUPPORTED ORGANIZATIONS | THE ORGANIZATION'S SUPPORTED ORGANIZATIONS ARE NOT SPECIFICALLY LISTED BY NAME IN THE SUPPORTING ORGANIZATION'S ARTICLES OF INCORPORATION. HOWEVER THE ENTITIES HAVE INTERLOCKING BOARDS AND THE SAME PURPOSE: TO PROVIDE AFFORDABLE HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES. HISTORICALLY THE ENTITIES HAVE ALWAYS HAD INTERLOCKING BOARDS AND THE RELATIONSHIP BETWEEN THE SUPPORTING ORGANIZATIONS AND SUPPORTED ORGANIZATION IS PART OF ITS CORE PURPOSE. THE ORGANIZATION HAS THE ABILITY TO APPOINT AND REMOVE OFFICERS. |
| PART IV SECTION D LINE 3 | THE SUPPORTING ORGANIZATION AND SUPPORTED ORGANIZATIONS HAVE INTERLOCKING BOARDS. IN THIS REGARD THE BOARD ACTS IN THE INTEREST OF BOTH THE SUPPORTING AND SUPPORTED ORGANIZATIONS AND AS A RESULT THE SUPPORTED ORGANIZATIONS HAVE A VOICE IN THE DECISIONS OF THE BOARD. |
| PART IV SECTION E LINE 3A&B | FORESIGHT AFFORDABLE HOUSING, INC. HAS BOARD CONTROL AND THE POWER TO APPOINT BOARD MEMBERS TO BOTH FORESIGHT AFFORDABLE HOUSING OF MARYLAND, INC., FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA, INC. AND FORESIGHT AFFORDABLE HOUSING - PENNSVILLE, INC. THROUGH CONTROL OF THE BOARD FORESIGHT AFFORDABLE HOUSING, INC. IS ABLE TO EXERCISE A SUBSTANTIAL DEGREE OF DIRECTION OVER THE SUPPORTED ORGANIZATIONS. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,445,000 | OtherCostOrOtherBasisAmt |
| Book Value | $1,445,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,391,909 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,805,348 | DepreciationAmt |
| Book Value | $7,586,561 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp | |
| Equipment | EquipmentGrp |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $62,812 | OtherCostOrOtherBasisAmt |
| Depreciation | $45,419 | DepreciationAmt |
| Book Value | $17,393 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $9,048,954 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TENANT SECURITY DEPOSITS | Desc |
| Amt | $63,916 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $63,916 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Sch D Part X Line 2 - FIN 48 Footnote | FormAndLineReferenceDesc |
| Explanation | As of December 31, 2018, the Corporation did not identify any uncertain tax positions taken or expected to be taken in an income tax return which would require adjustment to or disclosure in its consolidated financial statements. In addition, the Corporation believes it has not engaged in any activities for which its tax-exempt status would not be sustained under Internal Revenue Service examination. Generally, the Corporation is potentially subject to federal income tax examinations for three years. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Michaels Organization Educational Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 COOPER STREET | AddressLine1Txt |
| Address Line2 | PO BOX 90708 | AddressLine2Txt |
| City | CAMDEN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 223113975 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $8,500 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Purpose Of Grant | GENERAL | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NELSON MORGAN | PersonNm |
| Title | KEY EMPLOYEE | TitleTxt |
| Base Compensation Filing Org | $234,489 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $5,814 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $42,118 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $282,421 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Section B Line 11b - 990 Review | The Form 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE WHICH IS FORESIGHT'S EXECUTIVE COMMITTEE AND A COPY WILL BE PROVIDED TO THE BOARD. |
| Part VI Section B Line 12c - Conflict of Interest | THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH ANNUAL UPDATES BY BOARD MEMBERS. |
| PART VI SECTION C LINE 19 - PUBLIC DOCUMENTS | MANUAL COPIES ARE AVAILABLE UPON REQUEST. |
| Part VI Section A Line 1a - Governing Body | Three members of the board of directors make up the executive committee who have authority to act on behalf of Foresight Affordable Housing, Inc. |
| PART VI SECTION B LINE 15A & 15B - COMPENSATION | COMPENSATION IS DETERMINED THROUGH A THIRD PARTY REVIEW, RECOMMENDATION OF SALARY RANGES BASED ON COMPARATIVE ANALYSIS AND EXECUTIVE BOARD RECOMMENDATION. |
| PART XII LINE 2C - AUDIT REVIEW | THE Financial committee reviews all financial statements, selects independent accountant and reviews Form 990. |
| PART XI LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES | ADJUSTMENT TO FUND BALANCE RELATED TO RELATED PARTY GRANT INCOME IN CURRENT YEAR $303,304 |
| PART VI SECTION A LINE 3 | PROPERTIES OWNED THROUGH FORESIGHT'S AFFILIATES ARE MANAGED BY A CONTRACTED MANAGEMENT AGENT. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (20 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| FORESIGHT AFFORDABLE HOUSING-BAXTER PARK | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | Ventnor | NJ | 08406 | 452502185 | HOUSING | NJ | $0 | $73 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-CENTENNIAL | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 462038532 | HOUSING | NJ | $0 | -$5 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-CENTENNIAL | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 465005817 | HOUSING | NJ | $0 | $60 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-CENTERVILLE | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 270978619 | HOUSING | NJ | $0 | $41 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-EAST 1 | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 383787957 | HOUSING | NJ | -$20 | -$62 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-GLENNVIEW | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 264736674 | HOUSING | NJ | $0 | $309 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-GLENNVIEW I | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 453086258 | HOUSING | NJ | $0 | $355 | FORESIGHT |
| Foresight Affordable Housing-GREENLEAF | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 205406892 | HOUSING | MO | -$91,425 | $4,247,202 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-HOLDINGS | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 275206161 | HOUSING | NJ | $0 | $9 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-LEGENDS C3 | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 463917978 | HOUSING | NJ | $0 | $92 | FORESIGHT |
| foresight affordable housing - lorena | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 453754704 | housing | NJ | $0 | $35 | foresight |
| FORESIGHT AFFORDABLE HOUSING-MORGAN VILL | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 451060168 | HOUSING | NJ | -$1 | $8 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-PACIFIC COU | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 205489170 | HOUSING | NJ | -$71 | -$338 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-PINECREST M | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 421631748 | HOUSING | NJ | $308,456 | $6,512,816 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-SPRING GARD | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 352323547 | HOUSING | NJ | $0 | $0 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-VILLAS WES | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 383787956 | HOUSING | NJ | -$45 | -$149 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING-VINELAND | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 331152027 | HOUSING | NJ | -$9 | -$77 | FORESIGHT |
| FORESIGHT AFFORDABLE HOUSING - KAMAKANA | |||||||||
| 6601 VENTOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 473260819 | HOUSING | NJ | $0 | $427 | foresight |
| FORESIGHT AFFORDABLE HOUSING - CITY GARD | |||||||||
| 6601 VENTNOR AVENUE SUITE 23 | VENTNOR | NJ | 08406 | 473451025 | HOUSING | IL | -$1 | $686 | foresight |
| Foresight Affordable Housing - Piedmont | |||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 812115370 | HOUSING | NJ | $0 | $4 | FORESIGHT |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| foresight affordable housing of md inc | ||||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 521962141 | RENTAL | MD | 501(c)(3) | 10 | NA | false |
| foresight affordable housing of pa inc | ||||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 521910387 | RENTAL | PA | 501(c)(3) | 10 | NA | false |
| FORESIGHT AFFORDABLE HOUSING-PENNSVILLe | ||||||||||
| 6601 Ventnor Avenue Suite 23 | Ventnor | NJ | 08406 | 222262967 | RENTAL | NJ | 501(c)(3) | 7 | NA | false |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAFAYETTE FAMILY PHASE II URBAN RENEWAL | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 200439982 | REAL ESTATE | NJ | FAH PACIFIC CT | rental | -$71 | -$338 | false | $0 | Yes (true) | 0.00010 |
| VINELAND ASSOCIATES LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 260539415 | REAL ESTATE | NJ | FAH VINELAND | rental | -$9 | -$77 | false | $0 | Yes (true) | 0.00010 |
| EAST I PRESERVATION LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | REAL ESTATE | NJ | FAH EAST I LLC | rental | -$20 | -$62 | false | $0 | Yes (true) | 0.00010 | |
| GLENNVIEW TOWNHOUSES URBAN RENEWAL ASSOC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 271107874 | REAL ESTATE | NJ | FAH GLENNVIEW | rental | $0 | $309 | false | $0 | Yes (true) | 0.00005 |
| CENTERVILLE SOUTH URBAN RENEWAL ASSOCIAT | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 261797224 | REAL ESTATE | NJ | FAH CENTERVILLE | rental | $0 | $41 | false | $0 | false | 0.00001 |
| ATLANTIC CITY PRESERVATION LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 260878703 | REAL ESATE | NJ | FAH-VILLAS WEST | rental | -$45 | -$149 | false | $0 | Yes (true) | 0.00010 |
| OAK DALE APARTMENTS LTD | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630771104 | REAL ESTATE | NJ | FAH HOLDINGS | rental | $0 | $1 | false | $0 | false | 0.06000 |
| HIGHLAND VIEW APARTMENTS LTD | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630745020 | REAL ESTATE | NJ | FAH HOLDINGS | rental | $0 | $1 | false | $0 | false | 0.20000 |
| VILLAGE GREEN LTD | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630842875 | REAL ESTATE | NJ | FAH HOLDINGS | rental | $0 | $1 | false | $0 | false | 0.10000 |
| SUNFLOWER LANE APARTMENTS LTD | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630771106 | REAL ESTATE | NJ | FAH HOLDINGS | rental | $0 | $1 | false | $0 | false | 0.01000 |
| WOOD VILLAGE APARTMENTS LTD | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630745036 | REAL ESTATE | NJ | FAH HOLDINGS | rental | $0 | $1 | false | $0 | false | 0.13000 |
| MORGAN VILLAGE URBAN RENEWAL ASSOC LP | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 272534069 | REAL ESTATE | NJ | FAH-MORGAN VILL | rental | -$1 | $8 | false | $0 | false | 0.00001 |
| Keller Court Ltd | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630812275 | REAL ESTATE | NJ | FAH Holdings | rental | $0 | $1 | false | $0 | false | 0.10000 |
| Driftwood Apartments Ltd | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630807240 | REAL ESTATE | NJ | FAH Holdings | rental | $0 | $1 | false | $0 | false | 0.05000 |
| Lorena Apartments A California LP | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 263278793 | REAL ESTATE | CA | FAH lorena | rental | $0 | $35 | false | $0 | false | 0.00000 |
| baxter park south associates lp | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 273008545 | real estate | NJ | fah baxter | rental | $0 | $73 | false | $0 | false | 0.00002 |
| Hilldale Investors LTD | ||||||||||||||
| 3 East Stow Road Suite 100 | camden | NJ | 08102 | 630917593 | Real Estate | NJ | FAH Holdings | rental | $0 | $1 | false | $0 | false | 0.04000 |
| Rose Garden Apartments LTD | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 630806381 | Real estate | NJ | FAH HOLDINGS | rental | $0 | $1 | false | $0 | false | 0.10000 |
| TULANE REVITALIZATION 2 LP | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 611677132 | REAL ESTATE | NJ | FAH - CENTENNIA | rental | $0 | $60 | false | $0 | false | 0.00001 |
| GLENNVIEW TOWNHOUSES II | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 462752700 | REAL ESTATE | NJ | FAH - GLENNVIEW | rental | $0 | $355 | false | $0 | Yes (true) | 0.00005 |
| TULANE REVITALIZATION 1 LP | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 272195181 | REAL ESTATE | NJ | FAH-CENTENNIAL | rental | $0 | -$5 | false | $0 | false | 0.00010 |
| KAMAKANA senior phase I LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08053 | REAL ESTATE | HI | FAH-KAMAKANA | rental | $0 | $427 | false | $0 | false | 0.00005 | |
| MAPLE JACK LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 473451025 | REAL ESTATE | IL | FAH-CITY GARDEN | rental | -$1 | $686 | false | $0 | false | 0.00005 |
| Legends C-3 LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 274470455 | REAL ESTATE | NJ | FAH-LEGENDS C-3 | rental | $0 | $92 | false | $0 | false | 0.00001 |
| PIEDMONT SENIOR TOWN LLC | ||||||||||||||
| 2 cooper street po box 90708 | camden | NJ | 08102 | 473244089 | REAL ESTATE | NJ | FAH-PIEDMONT | rental | $0 | $4 | false | $0 | Yes (true) | 0.00005 |
| BEECHLANE APARTMENTS LTD | ||||||||||||||
| 2 cooper street po box 90708 | CAMDEN | NJ | 08102 | 275206161 | REAL ESTATE | NJ | FAH-HOLDINGS | RENTAL | $0 | $0 | false | $0 | false | 0.06000 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAH - LEGENDS C-3 LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6601 VENTNOR AVENUE SUITE 23 | AddressLine1Txt |
| City | VENTNOR | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463917978 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | NJ | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAHI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | S CORP | EntityTypeTxt |
| Share Of Total Income | $0 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $92 | ShareOfEOYAssetsAmt |
| Ownership | 0.00100 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |