2018-07-16T11:28:13-05:00 2017-08-31 742900215 MAXWELL LOCKE & RITTER LLP 401 CONGRESS AVENUE SUITE 1100 AUSTIN TX 787019682 990 2016-09-01 742746185 TEXAS STATE AFFORDABLE HOUSING CORPORATION TEXA 5124773555 2200 EAST MLK JR BLVD AUSTIN TX 78702 DAVID W LONG PRESIDENT 5124773555 2018-07-13 1 SEAN HOLCOMB P01249221 5123703200 2016 2022-09-23 18:48:47Z DAVID LONG 2200 EAST MLK JR BLVD AUSTIN TX 78702 47397381 0 X WWW.TSAHC.ORG X 1994 TX PROVIDE LOWER INCOME TEXANS WITH HOUSING FINANCE OPTIONS. 5 5 19 0 0 0 889610 258943 4150618 6288938 5112756 5546562 329841 410863 10482825 12505306 360500 302500 0 0 1839596 1985381 0 0 115621 7318124 5819477 9518220 8107358 964605 4397948 118236021 87331410 90196438 56976386 28039583 30355024 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 4521758 302500 10155932 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. 742780 0 283968 AFFORDABLE COMMUNITIES OF TEXAS - THE ORGANIZATION PARTNERS WITH LOCAL NONPROFIT DEVELOPERS TO ACQUIRE FORECLOSED HOMES AND VACANT LOTS FROM FINANCIAL INSTITUTIONS AND REDEVELOPS THEM INTO AFFORDABLE HOMES FOR LOW-INCOME FAMILIES. 824131 0 705366 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. 908225 0 852789 EXPENSES REVENUENEIGHBORHOOD STABILIZATION 219,763 266,394MULTI-FAMILY HOUSING SUPPORT & FINANCING 221,701 427,187LOAN SERVICING PROGRAM 466,750 159,208 908225 0 852789 6996894 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 38 0 19 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 184809 0 21622 ELIZABETH L BAYLESS VICE PRESIDENT 40.00 X 152621 0 21449 MELINDA GAY SMITH CHIEF FINANCIAL OFFICER 40.00 X 141622 0 18449 SAN JUANITA TAYLOR EXECUTIVE VICE PRESIDENT 40.00 X 107250 0 4290 TIMOTHY ALMQUIST SINGLE FAMILY COMPLIANCE 40.00 X 218719 0 31297 NICHOLAS LAWRENCE CONTROLLER 1.00 X 109325 0 19970 914346 0 117077 6 0 1 0 0 216470 42473 258943 SINGLE FAMILY LOAN INCOME AND SER 900099 5010091 5010091 OTHER LOAN SERVICING AND ISSUER F 900099 419941 419941 MULTIFAMILY LOAN INCOME AND SERVI 900099 282521 282521 INTEREST INCOME-MF PROGRAM LOANS 900099 225402 225402 ASSET OVERSIGHT/COMPLIANCE FEES 900099 224041 224041 126942 126942 6288938 248308 248308 2667176 2667176 464627 53764 410863 410863 410863 36925679 543710 34518059 320252 2407620 223458 2631078 2631078 12505306 11998055 0 248308 302500 302500 670837 436452 210405 23980 1251441 814198 392508 44735 63103 41055 19792 2256 133135 121024 10872 1239 74782 48654 23455 2673 54000 35133 16937 1930 493402 321011 154753 17638 93140 77581 13900 1659 196970 144298 47283 5389 100377 65306 31483 3588 88351 71707 14040 2604 23396 15222 7338 836 2415810 2415810 526161 486688 35434 4039 109915 97541 11108 1266 ACT PROGRAM EXPENSES 504149 504133 16 BOND FEES AND PROGRAM F 390584 390584 GRANT ADMINISTRATION EX 272074 272074 LOAN ADMINISTRATION EXP 172093 172093 171138 163830 5535 1773 8107358 6996894 994843 115621 999173 1445476 8189064 3765016 528145 1606400 87173 102476 1995724 714546 1375572 1281178 86454464 53262110 20095034 25433005 507396 435749 118236021 87331410 1418779 1039674 328108 324438 81658085 47448671 5344898 6923964 1050000 1050000 396568 189639 90196438 56976386 X 22428532 26183931 5611051 4171093 28039583 30355024 118236021 87331410 4397948 -2082507 0 X X 0 1 X 1 1 1 X 7179786 1491656 608363 748159 258943 10286907 15642984 14940921 12540740 8515651 9366977 61007273 22822770 16432577 13149103 9263810 9625920 71294180 0 0 0 71294180 42924 24748 54297 127133 248308 497410 42924 24748 54297 127133 248308 497410 22865694 16457325 13203400 9390943 9874228 71791590 0.99310 0.99640 0.00690 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 232240 232240 1301442 319285 982157 17452 15704 1748 444590 379557 65033 1281178 DOWN PAYMENT ASSISTANCE LOAN PROGRAM 8181218 C MORTGAGE LOANS RECEIVABLE 612744 C MORTGAGE NOTES RECEIVABLE 6658607 C OWNED REAL ESTATE, FED. PROGRAM 9980436 C 25433005 OTHER CURRENT LIABILITIES 90227 MULTIFAMILY CUSTODIAL RESERVES 99412 189639 X 9995799 -2082507 3261 53762 -2025484 12021283 484023 484023 12505306 7680355 3261 53759 57020 7623335 484023 484023 8107358 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 53,764. ROUNDING -2. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 57,307. UNCOLLECTIBLE AMOUNTS REPORTED NET OF FEE INCOME FOR AUDIT 90,121. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 267,172. CLOSING COSTS NETTED WITH REVENUE FOR AUDIT 64,791. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH REVENUE FOR AUDIT -190. BAD DEBT RECOVERY 4,822. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 53,764. ROUNDING -5. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICING FEES NETTED WITH REVENUE FOR AUDIT 57,307. UNCOLLECTIBLE AMOUNTS REPORTED NET OF FEE INCOME FOR AUDIT 90,121. ISSUER FEES NETTED WITH PROGRAM EXPENSES FOR AUDIT 267,172. CLOSING COSTS NETTED WITH EXPENSES FOR AUDIT 64,791. LOSS ON DISPOSAL OF FIXED ASSET NETTED WITH EXPENSES FOR AUDIT -190. BAD DEBT RECOVERY 4,822. 1 FOUNDATION COMMUNITIES 3036 S 1ST STREET AUSTIN TX 78704 742563260 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES MOTIVATION EDUCATION AND TRAINING INC PO BOX 1838 NEW CANEY TX 77357 741604560 501(C)(3) 12100 CRITICAL HOME REPAIRS HABITAT FOR HUMANITY OF SMITH COUNTY 822 W FRONT STREET TYLER TX 75702 752285678 501(C)(3) 12100 CRITICAL HOME REPAIRS NEW HOPE HOUSING INC 1117 TEXAS AVENUE HOUSTON TX 77002 731419279 501(C)(3) 16133 SUPPORTIVE HOUSING SERVICES BUCKNER CHILDREN AND FAMILY SERVICES INC 3402 DANIEL MCCALL SUITE 21 LUFKIN TX 75904 752571395 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES GALILEE COMMUNITY DEVELOPMENT CORPORATION 1404 S OAKES ST SAN ANGELO TX 76903 752865891 501(C)(3) 12100 CRITICAL HOME REPAIRS PANHANDLE COMMUNITY SERVICES 1309 SW 8TH AVENUE AMARILLO TX 79101 756049423 501(C)(3) 12100 CRITICAL HOME REPAIRS SAINT LOUISE HOUSE PO BOX 150637 AUSTIN TX 78715 742968167 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES AUSTIN HABITAT FOR HUMANITY 500 W BEN WHITE BLVD AUSTIN TX 78704 742373217 501(C)(3) 16133 CRITICAL HOME REPAIRS TARRANT COUNTY SAMARITAN HOUSING 929 HEMPHILL ST FORT WORTH TX 76104 752401109 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES AVENUE COMMUNITY DEVELOPMENT 2505 WASHINGTON AVE 400 HOUSTON TX 77007 760380602 501(C)(3) 16133 CRITICAL HOME REPAIRS BLACKLAND COMMUNITY DEVELOPMENT CORPORATION 1902 E 22ND ST AUSTIN TX 78722 742279246 501(C)(3) 16133 SUPPORTIVE HOUSING SERVICES EASTER SEALS CENTRAL TEXAS 8505 CROSS PARK DRIVE AUSTIN TX 78754 750808811 501(C)(3) 12100 CRITICAL HOME REPAIRS LIFEWORKS 3700 SOUTH 1ST STREET AUSTIN TX 78704 742137189 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES HABITAT FOR HUMANITY WILLIAMSON COUNTY PO BOX 737 GEORGETOWN TX 78627 742907371 501(C)(3) 12100 CRITICAL HOME REPAIRS MERCED HOUSING TEXAS 212 W LAUREL SAN ANTONIO TX 78212 530196617 501(C)(3) 12100 CRITICAL HOME REPAIRS MONTGOMERY COUNTY WOMEN'S CENTER 1401 AIRPORT ROAD CONROE TX 77301 760061208 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES THE WOMEN'S HOME 607 WESTHEIMER ROAD HOUSTON TX 77006 741467811 501(C)(3) 12100 SUPPORTIVE HOUSING SERVICES TRINITY HABITAT FOR HUMANITY 9333 N NORMANDALE STREET FORT WORTH TX 76116 752239189 501(C)(3) 16133 CRITICAL HOME REPAIRS WACO HABITAT FOR HUMANITY PO BOX 2124 WACO TX 76703 752130884 501(C)(3) 12100 CRITICAL HOME REPAIRS OPPORTUNITY CENTER FOR THE HOMELESS 1208 MYRTLE AVE EL PASO TX 79901 742634199 501(C)(3) 16133 SUPPORTIVE HOUSING SERVICES REBUILDING TOGETHER EL PASO 6400 AIRPORT RD STE A STE SUI EL PASO TX 79925 742718788 501(C)(3) 12100 CRITICAL HOME REPAIRS NORTH COLLIN COUNTY HABITAT FOR HUMANITY 2060 COUCH DR MC KINNEY TX 75069 752443511 501(C)(3) 12100 CRITICAL HOME REPAIRS 23 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 184809 0 0 0 0 0 7502 0 14120 0 206431 0 0 0 ELIZABETH L BAYLESS VICE PRESIDENT 152621 0 0 0 0 0 6044 0 15405 0 174070 0 0 0 MELINDA GAY SMITH CHIEF FINANCIAL OFFICER 141622 0 0 0 0 0 4329 0 14120 0 160071 0 0 0 TIMOTHY ALMQUIST SINGLE FAMILY COMPLIANCE 218719 0 0 0 0 0 8967 0 22330 0 250016 0 0 0 A TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HDA4 2007-09-19 24998183 (2007B) QUALIFIED MORTGAGE BONDS 0 0 0 B TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HDG1 2007-10-30 24998877 2007D) QUALIFIED MORTGAGE BONDS 0 0 0 C TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HEK1 2011-02-24 55560711 2009A/2011A QUALIFIED MORTGAGE BONDS 0 0 0 D TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HEH9 2011-12-15 32334640 2009B/2011B QUALIFIED MORTGAGE BONDS 0 0 0 A 24998183 213373 24784810 2010 0 0 1 1 B 24998877 192987 24805890 2008 0 0 1 1 C 55560711 33000000 22560711 2011 1 0 1 1 D 32334640 19200000 13134640 2011 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 1 PALLAS CAPITAL 1.470000000000 1 0 1 B 0 0 0 1 0 0 1 DEPFA 1.610000000000 1 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 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: 09/29/2017 B - DATE OF THE REBATE COMPUTATION PERFORMED: 09/29/2017 C - DATE OF THE REBATE COMPUTATION PERFORMED: 06/05/2017 D - DATE OF THE REBATE COMPUTATION PERFORMED: 02/13/2018 E - DATE OF THE REBATE COMPUTATION PERFORMED: TAXABLE BONDS AND DO NOT REQUIRE A REBATE REPORT 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. A TEXAS STATE AFFORDABLE HOUSING CORPORATION 742746185 88271HFL8 2013-02-01 31204879 2013A QUALIFIED MORTGAGE BONDS 0 0 0 A 31204879 31204879 1 0 1 1 A 0 0 1 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 A 1 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.