2013-07-22T10:07:22-05:00 2012-12-31 SVA CERTIFIED PUBLIC ACCOUNTANTS 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2012-01-01 392010184 MIDWEST AFFORDABLE HOUSING CORP c/o PHILIP J SCHULTZ % PHILIP J SCHULTZ MIDW 4145882221 1560 EAST BLACKTHORNE PLACE Suite WHITEFISH BAY WI 53211 PHILIP SCHULTZ 4145882221 2013-07-16 true DOUGLAS BERRY 6088318181 2012 2016-02-24 21:20:13Z PHILIP J SCHULTZ 1560 EAST BLACKTHORNE PLACE MILWAUKEE WI 53211 1207258 false X N/A X 2000 WI THE MISSION OF MIDWEST AFFORDABLE HOUSING CORPORATION IS TO FOSTER, DEVELOP AND PRESERVE AFFORDABLE HOUSING WITH RESPECT FOR THE RESIDENTS TO BE SERVED. 3 2 0 0 0 3000 123999 701581 1025342 41990 42917 1541 15000 748112 1207258 0 0 0 0 0 0 0 0 0 673997 1029349 673997 1029349 74115 177909 7166160 7747794 5303444 5707169 1862716 2040625 X THE MISSION OF MIDWEST AFFORDABLE HOUSING CORPORATION IS TO FOSTER, DEVELOP AND PRESERVE AFFORDABLE HOUSING WITH RESPECT FOR THE RESIDENTS TO BE SERVED. true false 569112 571550 OPERATION OF A 61-UNIT ELDERLY HOUSING APARTMENT COMPLEX (GREENTREE GLEN APARTMENTS) IN MADISON, WISCONSIN. 20% OF THE APARTMENT UNITS HAVE BEEN SET ASIDE FOR TENANTS WHOSE INCOME IS AT OR BELOW 50% OF COUNTY MEDIAN INCOME, ADJUSTED FOR FAMILY SIZE, FOR DANE COUNTY, WISCONSIN. THE COMPLEX IS OWNED BY GREENTREE GLEN, LLC, A WHOLLY-OWNED SUBSIDIARY. 39400 41535 OPERATION OF A 16-UNIT RENTAL COMPLEX (THE WOODLANDS) IN MILWAUKEE, WISCONSIN WHICH PROVIDES AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS. THE COMPLEX IS OWNED BY MAHC WOODLANDS, LLC, A WHOLLY-OWNED SUBSIDIARY. 408320 433719 OPERATION OF A 60-UNIT affordable HOUSING APARTMENT COMPLEX (GLENWOOD APARTMENTS) IN KENOSHA, WISCONSIN. IT IS AN INDEPENDENT LIVING COMMUNITY FOR SENIORS. 100% OF THE APARTMENT UNITS HAVE BEEN SET ASIDE FOR TENANTS WHOSE INCOME IS AT OR BELOW 30%, 50% OR 60% OF COUNTY MEDIAN INCOME, ADJUSTED FOR FAMILY SIZE, FOR KENOSHA COUNTY, WISCONSIN. -6462 OTHER PROGRAM SERVICES -6462 1016832 true true false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false true false false false true true false false false true true true true false false true 0 0 0 false false false false false false false false false false X 3 2 false false false false false false false true true false false true true true true false true false false true false WI X PHILIP J SCHULTZ 4145882221 3900 S PRAIRIE HILL LANE GREENFIELD WI 53228 X PHILIP J SCHULTZ 3.0 X X 0 0 0 JOHN MCCARTY 0.5 X X 0 0 0 ROBERT J CISEK 0.5 X X 0 0 0 0 0 0 0 false false false 0 123999 123999 123999 RENTAL INCOME 531110 1003084 1003084 MISC INCOME FROM TENANTS 531110 28720 28720 LOSS FROM INVSTMNT IN TG MANAGING MEMBER 531390 -6455 -6455 LOSS FROM INVSTMNT IN HORIZON SENIOR HSG XVII 531390 -7 -7 1025342 42917 42917 0 0 0 0 0 0 0 0 0 CONSULTING INCOME 531390 15000 15000 15000 1207258 1040342 42917 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 57283 57283 0 0 378 378 0 0 24427 12226 12201 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14581 14581 0 0 16545 16545 0 0 0 0 0 0 0 0 0 0 587283 587283 0 0 909 909 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 206633 206633 0 0 12544 12544 0 0 ADMINISTRATIVE EXPENSES 15924 15924 0 0 CONDO FEES 12829 12829 0 0 PAYROLL REIMBURSEMENTS 62020 62020 0 0 LEASING COMMISSION 2730 2730 0 0 15263 14947 316 1029349 1016832 12517 0 187202 267038 32754 32804 0 0 58461 63455 0 0 0 0 700170 703740 0 0 7889 9820 8104318 2175366 5865169 5928952 0 0 0 0 -13008 -19470 49140 145556 278383 615899 7166160 7747794 263954 198464 0 0 16136 10481 0 0 0 0 10 10 4929909 5428683 0 0 93435 69531 5303444 5707169 X 1862716 2040625 0 0 0 0 1862716 2040625 7166160 7747794 177909 X true X false false false X 261900 28100 3000 3000 123999 419999 496266 547268 553868 703122 1040342 3340866 0 0 0 758166 575368 556868 706122 1164341 3760865 0 161708 167195 123732 3828 456463 161708 167195 123732 3828 456463 3304402 41302 44032 43243 41990 42917 213484 0 41302 44032 43243 41990 42917 213484 0 0 799468 619400 600111 748112 1207258 3974349 0.83143 0.79679 0.05371 0.07077 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 740458 740458 6734994 1868338 4866656 628866 307028 321838 5928952 TENANTS' SECURITY DEPOSITS 61295 RESERVE FOR REPLACEMENTS 381583 MORTGAGE ESCROW DEPOSITS 96950 INTEREST RECEIVABLE 76071 615899 0 TENANTS' SECURITY DEPOSITS 56825 ADVANCES FROM HORIZON DVLPMNT 12706 69531 PHILIP SCHULTZ PRESIDENT ADV. FOR FEES X 510 10 false true false 10 HORIZON MANAGEMENT SERVICES INC SEE PART V 57283 PROPERTY MANAGEMENT FEES false RELATIONSHIP BETWEEN INTERESTED PERSONS AND THE ORGANIZATION SCHEDULE L PART IV ENTITY OF WHICH PHILIP SCHULTZ, PRESIDENT, IS AN OFFICER. X forgiveness of accrued interest and loan 1 123999 fair value false false false FORM 990 PART VI SECTION C LINE 19 DESCRIBE HOW THE ORG. MAKES GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART VI SECTION B LINE 11B THE ORGANIZATION'S PROCESS FOR REVIEWING THE FORM 990 A COPY OF THE DRAFT FORM 990 IS PROVIDED TO EACH DIRECTOR ON THE BOARD FOR THEIR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990 PART VI SECTION B LINE 12C HOW THE ORGANIZATION MONITORS/ENFORCES THEIR CONFLICT OF INTEREST POLICY THE PRESIDENT OF THE BOARD OF DIRECTORS IS INVOLVED WITH PROPOSED OR ONGOING TRANSACTIONS AND MONITORS ANY POTENTIAL CONFLICTS OF INTEREST. IN ADDITION, BOARD MEMBERS COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT FORM TO IDENTIFY ANY CONFLICTS OF INTEREST. ANY BOARD MEMBERS WITH A CONFLICT OF INTEREST IN A PROPOSED TRANSACTION MUST ABSTAIN FROM VOTING ON THE TRANSACTION. FORM 990 PART III LINE 2 THE SIGNIFICANT PROGRAM SERVICES THAT WERE UNDERTAKEN IN THE CURRENT YEAR THE ORGANIZATION ACQUIRED AND IS OPERATING A NEW AFFORDABLE HOUSING PROPERTY IN MILWAUKEE, WISCONSIN CALLED WOODLAND CONDOMINIUMS. GREENTREE GLEN LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 392010184 ELDERLY HSG WI 571754 4134881 MAHC KENOSHA SENIORS LIMITED PARTNERSHIP 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 391801541 ELDERLY HSG WI 544786 2474533 MAHC KENOSHA SENIORS GP LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 392010184 REAL ESTATE WI 0 0 MAHC MAHC WOODLANDS LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 392010184 low-inc hsg WI 41535 267402 MAHC MAHC PARKVIEW LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 392010184 real estate WI 0 100 MAHC TG MANAGING MEMBER LLC 3900 S PRAIRIE HILL LANE GREENFIELD WI 53228 331176767 REAL ESTATE WI MAHC RELATED -6386 292476 false true 0.51000 HORIZON SENIOR HOUSING XVII LLC 5201 EAST TERRACE DRIVE SUITE 300 MADISON WI 53718 201256458 REAL ESTATE WI MAHC RELATED -7 35 false false 0.51000 PARKVIEW INDEPENDENT MANAGEMENT III LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 264237980 REAL ESTATE WI MAHC RELATED 0 0 false true 0.51000 false false false true false false false false false false false false false false false false false false false