2019-07-15T13:14:04-05:00 2018-08-31 742900215 MAXWELL LOCKE & RITTER LLP 401 CONGRESS AVENUE SUITE 1100 AUSTIN TX 787019682 990 2017-09-01 742746185 TEXAS STATE AFFORDABLE HOUSING CORPORATION TEXA 5124773555 2200 EAST MLK JR BLVD AUSTIN TX 78702 DAVID W LONG PRESIDENT 5124773555 2019-07-12 1 SEAN HOLCOMB P01249221 5123703200 168.215.174.114 2019-07-12 15:22:35 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7DC2C8C1C7B5F7B8389A25C1E65ACD409CF5A87F 2017 2019-02-21 02:37:17Z DAVID LONG 2200 EAST MLK JR BLVD AUSTIN TX 78702 38630727 0 X WWW.TSAHC.ORG X 1994 TX PROVIDE LOWER INCOME TEXANS WITH HOUSING FINANCE OPTIONS. 5 5 21 0 0 0 258943 722986 6288938 13030730 5546562 3155198 410863 445067 12505306 17353981 302500 568000 0 0 1985381 2049062 0 0 117061 5819477 4791714 8107358 7408776 4397948 9945205 87331410 76098401 56976386 37315443 30355024 38782958 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 2855321 45375 13202735 SINGLE-FAMILY PROGRAM - PROVIDES 30-YEAR FIXED RATE MORTGAGE LOANS TO ELIGIBLE FIRST-TIME HOMEBUYERS IN TEXAS; PROVIDES DOWN PAYMENT ASSISTANCE TO HOME BUYERS; PROVIDES GRANTS FOR THE CONSTRUCTION OR IMPROVEMENT OF SINGLE FAMILY HOUSING IN TEXAS; PROVIDES HOMEBUYER EDUCATION TO BORROWERS. 1072891 244902 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. 1004338 830544 ASSET MANAGEMENT - THE ORGANIZATION PERFORMS ASSET OVERSIGHT AND COMPLIANCE MONITORING FOR MULTILEASES SINGLE FAMILY AND MULTIFAMILY HOMES TO LOW-INCOME HOUSEHOLDS AT BELOW MARKET RATE RENTS. 1422025 522625 1879712 EXPENSES GRANTS REVENUENEIGHBORHOOD STABILIZATION 133,171 82,504 133,171MULTI-FAMILY HOUSING 225,578 0 391,692OTHER 1,063,276 440,121 1,354,849 1422025 522625 1879712 6354575 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 21 1 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 2200 EAST MLK JR BLVD AUSTIN TX 78702 ROBERT JONES CHAIR 1.00 X 0 0 0 WILLIAM DIETZ VICE CHAIR 1.00 X 0 0 0 JERRY ROMERO MEMBER 1.00 X 0 0 0 GERRY EVENWEL MEMBER 1.00 X 0 0 0 ALEJANDRO MEADE III MEMBER 1.00 X 0 0 0 DAVID W LONG PRESIDENT 40.00 X 196539 0 22426 ELIZABETH L BAYLESS EXECUTIVE VICE PRESIDENT 40.00 X 126187 0 5191 MELINDA GAY SMITH CHIEF FINANCIAL OFFICER & TREASURER 40.00 X 147324 0 16605 LAURA ROSS BOARD SECRETARY & EXECUTIVE ASSISTANT 40.00 X 63331 0 23493 SAN JUANITA TAYLOR SENIOR DIRECTOR/EXECUTIVE VICE PRESIDENT 40.00 X 116129 0 4626 TIMOTHY ALMQUIST SENIOR DIRECTOR 40.00 X 225848 0 32755 NICHOLAS LAWRENCE CONTROLLER 40.00 X 114486 0 20988 989844 0 126084 6 0 1 0 GREENBURG TRAURIG 2101 L ST NW SUITE 1000 WASHINGTON DC 20037 LEGAL SERVICES 126359 1 82504 640482 722986 SINGLE FAMILY LOAN INCOME AND SER 900099 11335029 11335029 OTHER LOAN SERVICING AND ISSUER F 900099 337321 337321 MULTIFAMILY LOAN INCOME AND SERVI 900099 303669 303669 ASSET OVERSIGHT/COMPLIANCE FEES 900099 236430 236430 INTEREST INCOME-MF PROGRAM LOANS 900099 224721 224721 593560 593560 13030730 473102 473102 1510468 1510468 488870 43803 445067 445067 445067 21487071 917500 20249610 983333 1237461 -65833 1171628 1171628 17353981 16157893 0 473102 568000 568000 583234 402198 163014 18022 1402826 967389 392090 43347 63002 43446 17609 1947 261754 241230 16860 3664 77112 53176 21553 2383 45001 31032 12578 1391 561291 387066 156881 17344 96991 82472 13074 1445 216277 163490 47532 5255 115139 79400 32181 3558 101962 84501 14891 2570 22691 15648 6342 701 1265745 1265745 474699 450778 21540 2381 128433 111692 15074 1667 ACT PROGRAM EXPENSES 882009 882009 BOND FEES AND PROGRAM F 350030 350030 GRANT ADMINISTRATION EX 127879 127879 MISCELLANEOUS EXPENSES 64701 47394 5921 11386 7408776 6354575 937140 117061 1445476 6116501 3765016 11659575 1606400 1513193 102476 113753 2029297 778696 1281178 1250601 53262110 39194987 25433005 15783425 435749 466366 87331410 76098401 1039674 917930 324438 323665 47448671 31092627 6923964 4625516 1050000 0 189639 355705 56976386 37315443 X 26183931 34914742 4171093 3868216 30355024 38782958 87331410 76098401 9945205 -1517271 0 X X 0 1 X 1 1 1 X 1491656 608363 748159 258943 722986 3830107 14940921 12540740 8515651 9366977 14986265 60350554 16432577 13149103 9263810 9625920 15709251 64180661 0 0 0 64180661 24748 54297 127133 248308 473102 927588 24748 54297 127133 248308 473102 927588 16457325 13203400 9390943 9874228 16182353 65108249 0.98580 0.99310 0.01420 0.00690 X 232240 232240 1301442 358621 942821 11768 7010 4758 483847 413065 70782 1250601 MORTGAGE LOANS RECEIVABLE 565135 C MORTGAGE NOTES RECEIVABLE 5948046 C OWNED REAL ESTATE, FED. PROGRAM 9270244 C 15783425 OTHER CURRENT LIABILITIES 228953 MULTIFAMILY CUSTODIAL RESERVES 126752 355705 X 15710926 -1517271 2584 43803 -1470884 17181810 172171 172171 17353981 7282992 2584 43803 46387 7236605 172171 172171 7408776 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 43,803. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 52,830. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 202,796. CLOSING COSTS NETTED WITH REVENUE FOR AUDIT 81,332. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT 500. BAD DEBT RECOVERY -22,090. GAIN/LOSS - OTHER -143,197. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 43,803. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 52,830. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 202,796. CLOSING COSTS NETTED WITH EXPENSES FOR AUDIT 81,332. BAD DEBT RECOVERY -22,090. GAIN/LOSS - OTHER -143,197. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT 500. 1 AUSTIN HABITAT FOR HUMANITY 500 W BEN WHITE BLVD AUSTIN TX 78704 742373217 501(C)(3) 18219 CRITICAL HOME REPAIRS AVENUE COMMUNITY DEVELOPMENT 2505 WASHINGTON AVE 400 HOUSTON TX 77007 760380602 501(C)(3) 13250 CRITICAL HOME REPAIRS BLACKLAND COMMUNITY DEVELOPMENT CORPORATION 1902 E 22ND ST AUSTIN TX 78722 742279246 501(C)(3) 13250 SUPPORTIVE HOUSING SERVICES BUCKNER CHILDREN AND FAMILY SERVICES INC 3402 DANIEL MCCALL SUITE 21 LUFKIN TX 75904 752571395 501(C)(3) 13250 SUPPORTIVE HOUSING SERVICES EASTER SEALS CENTRAL TEXAS 8505 CROSS PARK DRIVE AUSTIN TX 78754 750808811 501(C)(3) 13250 CRITICAL HOME REPAIRS FOUNDATION COMMUNITIES 3036 S 1ST STREET AUSTIN TX 78704 742563260 501(C)(3) 18219 SUPPORTIVE HOUSING SERVICES GALILEE COMMUNITY DEVELOPMENT CORPORATION 1404 S OAKES ST SAN ANGELO TX 76903 752865891 501(C)(3) 13250 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY OF SMITH COUNTY 822 W FRONT STREET TYLER TX 75702 752285678 501(C)(3) 13250 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY WILLIAMSON COUNTY PO BOX 737 GEORGETOWN TX 78627 742907371 501(C)(3) 18219 CRITICAL HOME REPAIRS LIFEWORKS 3700 SOUTH 1ST STREET AUSTIN TX 78704 742137189 501(C)(3) 13250 SUPPORTIVE HOUSING SERVICES MERCED HOUSING TEXAS 212 W LAUREL SAN ANTONIO TX 78212 530196617 501(C)(3) 18219 CRITICAL HOME REPAIRS MOTIVATION EDUCATION AND TRAINING INC PO BOX 1838 NEW CANEY TX 77357 741604560 501(C)(3) 13250 CRITICAL HOME REPAIRS NEW HOPE HOUSING INC 1117 TEXAS AVENUE HOUSTON TX 77002 731419279 501(C)(3) 18219 SUPPORTIVE HOUSING SERVICES NORTH COLLIN COUNTY HABITAT FOR HUMANITY 2060 COUCH DR MC KINNEY TX 75069 752443511 501(C)(3) 13250 CRITICAL HOME REPAIRS OPPORTUNITY CENTER FOR THE HOMELESS 1208 MYRTLE AVE EL PASO TX 79901 742634199 501(C)(3) 13250 SUPPORTIVE HOUSING SERVICES PANHANDLE COMMUNITY SERVICES 1309 SW 8TH AVENUE AMARILLO TX 79101 756049423 501(C)(3) 13250 CRITICAL HOME REPAIRS REBUILDING TOGETHER EL PASO 6400 AIRPORT RD STE A STE SUI EL PASO TX 79925 742718788 501(C)(3) 13250 CRITICAL HOME REPAIRS SAINT LOUISE HOUSE PO BOX 150637 AUSTIN TX 78715 742968167 501(C)(3) 18219 SUPPORTIVE HOUSING SERVICES TARRANT COUNTY SAMARITAN HOUSING 929 HEMPHILL ST FORT WORTH TX 76104 752401109 501(C)(3) 18219 SUPPORTIVE HOUSING SERVICES THE WOMEN'S HOME 607 WESTHEIMER ROAD HOUSTON TX 77006 741467811 501(C)(3) 18217 SUPPORTIVE HOUSING SERVICES TRINITY HABITAT FOR HUMANITY 9333 N NORMANDALE STREET FORT WORTH TX 76116 752239189 501(C)(3) 13250 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY JEFFERSON COUNTY PO BOX 3174 BEAUMONT TX 77704 742007535 501(C)(3) 50000 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY CORPUS CHRISTI PO BOX 3032 CORPUS CHRISTI TX 78463 742561473 501(C)(3) 35000 CRITICAL HOME REPAIRS SEWA INTERNATIONAL PO BOX 820867 HOUSTON TX 77282 200638718 501(C)(3) 25000 CRITICAL HOME REPAIRS FORT BEND HABITAT FOR HUMANITY 13570 MURPHY ROAD STAFFORD TX 77477 760355468 501(C)(3) 50000 CRITICAL HOME REPAIRS MEALS ON WHEELS AND MORE 3227 E 5TH ST AUSTIN TX 78702 237202594 501(C)(3) 50000 CRITICAL HOME REPAIRS TEXAS DISTRICT OF THE LUTHERAN CHURCH 7900 E HIGHWAY 290 AUSTIN TX 78724 741189681 501(C)(3) 40000 CRITICAL HOME REPAIRS 27 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 196539 0 0 0 0 0 7571 0 14855 0 218965 0 0 0 MELINDA GAY SMITH CHIEF FINANCIAL OFFICER & TREASURER 147324 0 0 0 0 0 1750 0 14855 0 163929 0 0 0 TIMOTHY ALMQUIST SENIOR DIRECTOR 225848 0 0 0 0 0 9262 0 23493 0 258603 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 A 55560711 33000000 22560711 2011 1 0 1 1 B 32334640 19200000 13134640 2011 1 0 1 1 C 31204879 31204879 1 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 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 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C A - DATE OF THE REBATE COMPUTATION PERFORMED: 05/07/2019 B - DATE OF THE REBATE COMPUTATION PERFORMED: 02/22/2019 C - DATE OF THE REBATE COMPUTATION PERFORMED: TAXABLE BONDS AND DO NOT REQUIRE A REBATE REPORT NOTE: REGARDING THE BOND ISSUES LISTED IN A THROUGH C 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.