2019-11-12T10:05:22-06:00 2018-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2018-01-01 223159643 Affordable Housing Education & Development Inc AFFO 6034441377 262 Cottage Street Littleton NH 03561 Michael Claflin Executive Director 6034441377 2019-10-30 1 Joseph R Byrne CPA P01289281 2077752387 2019-10-30 69.49.157.66 2019-10-30 10:18:33 ED P E262D3C9A45A77A46A0A2832CF74466488750570 C97FEFACFBC752A47944C84B492960BB6E99453A 2018 2020-03-31 21:24:44Z Michael Claflin 262 Cottage Street Littleton NH 03561 5069156 0 X www.homesahead.org X 1991 NH To develop and provide quality, affordable rental housing, financial education and home ownership opportunities that strengthen the families and communities of Northern New Hampshire. 11 11 34 70 0 0 1416668 2600867 1413199 1601263 -2424 -29282 134334 -107337 2961777 4065511 684929 2133395 0 0 1510730 1568211 0 0 110187 526384 517609 2722043 4219215 239734 -153704 8880148 8072948 905403 676357 7974745 7396591 To develop and provide quality, affordable rental housing, financial education and home ownership opportunities that strengthen the families and communities of Northern New Hampshire. 0 0 1180634 1353588 Property Management - AHEAD owns and manages a portfolio of low/moderate income rental properties in nine Northern New Hampshire communities and two Northern Vermont communities. 2308275 2133395 140338 Housing Development - AHEAD acquires and rehabilitates primarily substandard rental housing into quality affordable housing, and also constructs new affordable rental housing. AHEAD intends to keep this housing available and affordable to households at or below 80% of median income for a minimum of 20 years. 287122 Homeowner and Foreclosure Counseling - AHEAD provides education and counseling services to prepare individuals for homeownership and/or financial stability. 3776031 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 7 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Aimee Hopkins-Stanton 6034441377 262 Cottage Street Suite 116 Littleton NH 03561 Ben Amsden Past Director 2.00 0.00 X 0 0 0 Mark Hesler Director 2.00 0.00 X 0 0 0 Melanie Ilsley Director 2.00 0.00 X 0 0 0 Benjamin Tilton Director 2.00 0.00 X 0 0 0 Natanya Champney Director 2.00 0.00 X 0 0 0 Melissa Kam Director 2.00 0.00 X 0 0 0 Alison Chisolm Director 2.00 0.00 X 0 0 0 Martha McLeod President 2.00 0.00 X X 0 0 0 Peter Corey Vice-President 2.00 0.00 X X 0 0 0 Mark MacDonald Secretary 2.00 0.00 X X 0 0 0 Alycia Vosinek Treasurer 2.00 0.00 X X 0 0 0 Justin Remick Director 2.00 0.00 X 0 0 0 Michael Claflin Executive Director 43.00 0.00 X 109096 0 12205 109096 0 12205 1 0 0 0 0 5000 2595867 2600867 Fees for Services 511110 1265178 1265178 Developer Fee Income 531110 246675 246675 Rental Income 531110 86991 86991 Other Income 531110 2419 2419 1601263 6648 6648 313066 74250 304513 118733 8553 -44483 -35930 -35930 473062 580399 -107337 -107337 4065511 1493926 0 -29282 2082920 2082920 50475 50475 121301 121301 1066215 950004 53579 62632 290135 250613 25337 14185 90560 78224 7908 4428 8218 8218 47691 23052 24639 16315 14300 2015 28215 6356 3432 18427 92115 61775 30340 47355 47355 86614 71861 8713 6040 54184 43098 8656 2430 22743 22743 23458 13177 10281 44370 24865 19505 29414 22072 7342 Equipment Lease 8657 5793 2864 Other 8260 7348 882 30 4219215 3776031 332997 110187 X 58436 87588 163614 130238 256038 82500 280616 401055 3788223 3731717 67658 60480 1395951 575323 665841 820628 768236 773498 801245 801245 2030241 1183999 8880148 8072948 152600 221212 35413 0 0 96 123472 436658 593918 18391 905403 676357 X 5694254 5696085 294178 294178 1986313 1406328 7974745 7396591 8880148 8072948 X -153704 550 -425000 0 X 0 1 X 0 1 1 X 966699 962365 765914 991668 525867 4212513 974086 1417661 1342084 1413199 2074325 7221355 1940785 2380026 2107998 2404867 2600192 11433868 50000 50000 0 50000 50000 11383868 94187 52834 18946 14900 6648 187515 94187 52834 18946 14900 6648 187515 2034972 2432860 2126944 2419767 2606840 11621383 0.97960 0.96190 0.01610 0.02650 X Schedule A, Part III, Line 1: Unusual Grants The two unusual grants listed are for the same project from the same donor and merely spanned two periods. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 140906 140906 743396 346632 396764 256647 228691 27956 255002 255002 820628 Investment in low-income housing partnerships 801245 C 801245 Advances- related parties 229053 Development fees receivable 914709 Beneficial interest in perpetual trust 36584 Tenant security deposits 3653 1183999 Tenant security deposits 3653 Obligation under capital lease 14738 18391 4669978 550 18309 585608 604467 4065511 0 4065511 4873132 18309 635608 653917 4219215 0 4219215 Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 580,399. Loss on Sale of Land 5,209. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 580,399. Loss on Sale of Land 5,209. Related Party Contributions 50,000. 1 AHEAD QTR 262 Cottage Street Littleton NH 03561 464378899 501(c)(2) 2075000 To support the construction of the Friendship House. Northern Lights Housing Corporation 262 Cottage Street Littleton NH 03561 030272205 501(c)(3) 5700 Low income housing building improvements. 1 1 Funds for purchase of manufactured/modular homes. 2 50475 0 Cost Part I, Line 2 Grants are provided to domestic organizations related to AHEAD for the various program related improvements to rental properties. The grant funds are received by related parties so AHEAD is able to monitor use through control of related party. Grants are provided to individuals to enable them to purchase manifactured/modular homes from Better Homes AHEAD (BHA). The grant funds are received by BHA, a related third party, so AHEAD is able to monitor use through control of related party. Form 990, Part VI, Section B, line 11b Reviewed by Finance Committee and Treasurer prior to filing. Form 990, Part VI, Section B, line 12c Compliance with the conflict of interest policy is discussed at a board meeting. All board members are given the conflict of interest forms to sign. If this changed during the year, forms would be updated prior to start of business with them. Form 990, Part VI, Section B, line 15 AHEAD participates in various surveys regarding compensation for non-profits in order to obtain this information to make sure we are compensating appropriately. The Executive Director is reviewed by the Board. Senior staff is reviewed by the Executive Director. Budgets for salary increases are approved by the Board yearly. Form 990, Part VI, Section C, line 19 Upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Affordable Housing, Education & Development, Inc. 262 Cottage Street Littleton, NH 03561 EIN: 22-3159643 Affordable Housing, Education & Development, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part X, Line 8: Prior Period Adjustment Grant to related party of $425,000 not reflected on prior year return. Better Homes AHEAD 262 Main Street Littleton NH 03561 464279587 Sale of Manufactured and Modular Homes NH 86415 238069 Affordable Housing Education & Development Inc Beattie House Inc 262 Cottage Street Littleton NH 03561 830424723 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 Littleton Town & Country Family Housing Inc 262 Cottage Street Littleton NH 03561 270836646 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 Groveton Housing Corporation 262 Cottage Street Littleton NH 03561 222540933 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 Northern Lights Housing Corporation 262 Cottage Street Littleton NH 03561 030272205 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 AHEAD Qtr Inc 262 Cottage Street Littleton NH 03561 464378899 Rental commercial property NH 501(c)(2) Affordable Housing Education & Development Inc 1 Littleton South-West Limited Partnership 262 Cottage Street Littleton NH 03561 020494421 Rental low-income housing NH Upper Grafton Housing Corporation Related -5811 259993 1 1 1.00000 Ammonoosuc Green Limited Partnership 262 Cottage Street Littleton NH 03561 020507644 Rental low-income housing NH Upper Grafton Housing Corporation Related -4433 2471654 0 1 1.00000 Woodsville Maple-Walnut Limited Partnership 262 Cottage Street Littleton NH 03561 020505028 Rental low-income housing NH Upper Grafton Housing Corporation Related -26448 395858 1 1 1.00000 Bethlehem-Pine Manor Limited Partnership 262 Cottage Street Littleton NH 03561 020485485 Rental low-income housing NH Upper Grafton Housing Corporation Related -9757 224863 0 1 1.00000 Lisbon Renewal Limited Partnership 262 Cottage Street Littleton NH 03561 550851935 Rental low-income housing NH Affordable Housing Education & Development Inc Related -4 141 1 1 0.00010 Lisbon Inn Company 262 Cottage Street Littleton NH 03561 030276598 Rental low-income housing NH Northern Housing Development Corporation Related -39417 1928962 1 1 1.00000 Woodsville Opera Block Limited Partnership 262 Cottage Street Littleton NH 03561 274445703 Rental low-income housing NH Cached Inc Related -3 423 0 1 0.00010 McKee Inn Limited Partnership 262 Cottage Street Littleton NH 03561 274445578 Rental low-income housing NH Cached Inc Related -1 317 0 1 0.00010 Littleton Town & Country Limited Partnership 262 Cottage Street Littleton NH 03561 263725601 Rental low-income housing NH Upper Grafton Housing Corporation Related -18 480 0 1 0.00010 Senior Living at Notre Dame Limited Partnership 262 Cottage Street Littleton NH 03561 462701829 Rental low-income housing NH Upper Grafton Housing Corporation Related -20 705 0 1 0.00010 Community Living at Lloyd's Hills Limited Partnership 262 Cottage Street Littleton NH 03561 472022104 Rental low-income housing NH Upper Grafton Housing Corporation Related 50000 609383 0 1 1.00000 Upper Grafton Housing Corporation 262 Cottage Street Littleton NH 03561 020494422 Rental low-income housing NH Affordable Housing Education & Development Inc C 1.00000 1 Northern Housing Development Corporation 262 Cottage Street Littleton NH 03561 030275342 Rental low-income housing NH Affordable Housing Education & Development Inc C -120187 1.00000 1 Northern New Hampshire Housing Corporation 262 Cottage Street Littleton NH 03561 020498982 Rental low-income housing NH Affordable Housing Education & Development Inc C 1.00000 1 Cached Inc 262 Cottage Street Littleton NH 03561 823826155 Rental low-income housing NH Affordable Housing Education & Development Inc C -3 0.79000 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 Beattie House Inc L 67164 Actual Amount Northern Lights Housing Corporation L 253228 Actual Amount Littleton Town & Country Family Housing Corp L 57030 Actual Amount Lisbon Inn Company LP L 62778 Actual Amount McKee Inn Limited Partnership L 113295 Actual Amount Woodsville Opera Block Limited Partnership L 112119 Actual Amount Senior Living at Notre Dame Limited Partnership L 98322 Actual Amount Littleton Town & Country Limited Partnership L 58600 Actual Amount AHEAD Qtr Inc L 74995 Actual Amount AHEAD Qtr Inc D 205858 Promissory Note Community Living at Lloyd's Hills Limited Partnership D 394651 Promissory Note AHEAD Qtr Inc B 2075000 Actual Amount