2013-11-26T13:47:38-06:00 2013-03-31 BDO USA LLP 1700 MARKET STREET 29TH FLOOR PHILADELPHIA PA 19103 990 2012-04-01 521979028 FORESIGHT AFFORDABLE HOUSING INC % NELSON MORGAN FORE 6098232500 6601 Ventnor Ave PO Box 2597 Suite 23 Ventnor NJ 08406 Morton Baruch 6098228100 2013-11-14 true MARGARET M ROBUS CPA MT 2156365500 2012 2015-11-30 17:44:51Z X MORTON BARUCH 1395 KERSEY LANE ROCKVILLE MD 20854 3842222 false X N/A X 1996 NJ AN AFFORDABLE HOUSING PROVIDER WHICH PROVIDES FINANCING, ASSET MANAGEMENT SERVICES AND PROJECT OVERSIGHT IN AN EFFORT TO PROVIDE QUALITY AFFORDABLE HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES. 6 5 1 5 0 0 330587 3334791 3441156 116760 39385 25808 31094 3477359 3842222 0 0 0 0 808754 719475 0 0 0 2670704 2924621 3479458 3644096 -2099 198126 17969041 20577376 12560289 15015745 5408752 5561631 FORESIGHT AFFORDABLE HOUSING, INC. WAS CREATED TO PROVIDE QUALITY AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES. FORESIGHT HAS ACQUIRED OR PARTICIPATED IN THE DEVELOPMENT AND/OR ASSET OVERSIGHT OF 14 AFFORDABLE HOUSING ASSETS. false false 438205 74917 The organization is an asset manager of two multi-family housing projects with HUD insured mortgages and consults on new developments. These two housing projects provide affordable housing to 311 families or individuals. 3205891 3366239 Operations of two housing projects. The first housing project has 130 units and the second housing project has 195 units. 3644096 true true 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 true false false false false false false false false false false false false true true false false false true 12 0 true 1 true false false false false false false false false false false X 6 5 false true false false false false false true true false false true true true true true true true false true true MD NJ NY X NELSON MORGAN 6098232500 6601 VENTNOR AVE SUITE 23 VENTNOR NJ 08406 MORTON BARUCH 20.0 X X 203350 0 0 DONALD REAPE 4.0 X X 7000 MORTON W SCHOMER 2.0 X X 7000 DR BRUCE JOHNSON 1.0 X 3000 GERALD F SCHWAM 1.0 X 2000 LYNDA BARNESS 1.0 X 222350 0 0 1 false true false THE MORGAN CONSULTANT GROUP 321 N FREDERICKSBURG AVE VENTNOR NJ 08406 CONSULTING 173083 1 330587 330587 RENT REVENUE 3366239 3366239 MANAGEMENT FEES 48983 48983 FEE INCOME 25934 25934 3441156 39385 39385 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 31094 31094 31094 3842222 3441156 70479 0 0 0 0 222350 222350 0 318372 318372 0 86234 86234 92519 92519 212549 212549 25912 25912 97689 97689 0 0 0 232794 232794 1072 1072 53412 53412 0 0 0 19335 19335 0 0 495223 495223 0 369420 369420 247711 247711 SUPPLIES 368657 368657 REAL ESTATE TAXES 281045 281045 UTILITIES 285388 285388 REPAIRS & MAINTENANCE 120672 120672 113742 113742 3644096 3644096 0 0 853806 646573 0 0 0 0 0 0 0 0 0 0 5888500 7988500 0 0 0 0 12575101 2441720 9989612 10133381 0 0 0 0 0 0 154559 149585 1082564 1659337 17969041 20577376 0 0 0 0 0 0 0 0 0 0 0 0 8321320 8222154 3888500 6544174 350469 249417 12560289 15015745 X 0 0 0 0 5408752 5561631 5408752 5561631 17969041 20577376 X 198126 -45247 X false false false X X false false false FORESIGHT AFFORDABLE HOUSING OF MARYLAND INC 521962141 04 true 26483 FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA INC 521910387 04 true 22500 2 48983 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1445000 1445000 11087259 2398878 8688381 42842 42842 0 10133381 TENANT SECURITY DEPOSITS 60175 MORTGAGE ESCROW DEPOSITS 231470 REPLACEMENT RESERVES 648305 OTHER DEPOSITS 575051 INVESTMENT IN FAH-CENTERVILLE -1685 INVESTMENT IN GLENNVIEW TOWNHO -1569 INVESTMENT IN OAK DALE APARTME 5253 INVESTMENT IN HIGHLAND VIEW AP 26011 INVESTMENT IN VILLAGE GREEN 8389 INVESTMENT IN SUNFLOWER LANE 3115 INVESTMENT IN WOOD VILLAGE 10197 INVESTMENT IN KELLER COURT 9788 INVESTMENT IN GREENLEAF LLC 1521 INVESTMENT IN MOORE MANOR 140 INVESTMENT IN WORTHINGTON 5000 INVESTMENT IN ST THOMAS SQUARE 5000 INVESTMENT IN PACIFIC COURT -1399 INVESTMENT IN PENNSVILLE 74605 INVESTMENT IN VINELAND, LLC -120 INVESTMENT IN EAST I PRESERVAT 31 INVESTMENT IN MONTGOMERY SR 100 INVESTMENT IN CENTERVILLE SOUT -4 INVESTMENT IN MORGAN VILLAGE 98 INVESTMENT IN ATLANTIC CITY -135 1659337 0 TENANT SECURITY DEPOSITS 60263 DUE TO RELATED PARTY 300 DUE TO OTHERS 200 PURCHASE PRICE PAYABLE 188654 249417 X X false false false false false false false false false MORTON BARUCH 203350 0 0 0 0 0 0 0 0 0 203350 0 0 0 GOVERNING BODY AND MANAGEMENT PART VI SECTION A LINE 3 PROPERTIES OWNED THROUGH FORESIGHT'S AFFILIATES ARE MANAGED BY A CONTRACTED MANAGEMENT AGENT. POLICIES PART VI SECTION B LINE 11b WILL BE REVIEWED BY THE FINANCE COMMITTEE WHICH IS FORESIGHT'S EXECUTIVE COMMITTEE AND WILL BE PROVIDED TO BOARD UPON REQUEST. POLICIES PART VI SECTION B LINE 12C THROUGH ANNUAL, WRITTEN CONFLICT OF INTEREST STATEMENTS BY BOARD MEMBERS. POLICIES PART VI SECTION B LINE 15 CONTRACTUAL NEGOTIATIONS BETWEEN THE EXECUTIVE COMMITTEE AND THE CEO AND APPROVED BY THE FULL BOARD. DISCLOSURES PART VI SECTION C LINE 19 MANUAL COPY AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS PART XI LINE 9 ADJUSTMENT TO FUND BALANCE RELATED TO CONVERSION FROM ACCRUAL TO CASH. FORESIGHT AFFORDABLE HOUSING-PACIFIC CT 1395 Kersey lane Rockville MD 20854 521979028 HOUSING NJ -273 -1399 FORESIGHT FORESIGHT AFFORDABLE HOUSING-PINECREST 1395 Kersey lane Rockville MD 20854 421631748 HOUSING NY 496735 6786976 FORESIGHT FORESIGHT AFFORDABLE HOUSING-GREENLEAF 1395 Kersey lane Rockville MD 20854 205406892 HOUSING MO 13165 5089933 FORESIGHT FORESIGHT AFFORDABLE HOUSING-VINELAND 1395 Kersey lane Rockville MD 20854 331152027 HOUSING NJ -28 -120 FORESIGHT FORESIGHT AFFORDABLE HOUSING-SPRING GARD 1395 Kersey lane Rockville MD 20854 352323547 HOUSING NJ 0 100 FORESIGHT FORESIGHT AFFORDABLE HOUSING-EAST I 1395 KERSEY LANE ROCKVILLE MD 20854 383787957 HOUSING NJ -17 31 FORESIGHT FORESIGHT AFFORDABLE HOUSING-GLENNVIEW 1395 KERSEY LANE ROCKVILLE MD 20854 521979028 HOUSING NJ -58 -1569 FORESIGHT FORESIGHT AFFORDABLE HOUSING-CENTERVILLE 1395 KERSEY LANE ROCKVILLE MD 20854 270978619 HOUSING NJ 0 -4 FORESIGHT FORESIGHT AFFORDABLE HOUSING-VILLAS WEST 1395 KERSEY LANE ROCKVILLE MD 20854 383787956 HOUSING NJ -32 -135 FORESIGHT FORESIGHT AFFORDABLE HOUSING-HOLDINGS 1395 KERSEY LANE ROCKVILLE MD 20854 275206161 HOUSING NJ 37699 64414 FORESIGHT FORESIGHT AFFORDABLE HOUSING-MONTGOMERY 1395 KERSEY LANE ROCKVILLE MD 20854 452349647 HOUSING NJ 0 100 FORESIGHT FORESIGHT AFFORDABLE HOUSING-MORGAN 1395 KERSEY LANE ROCKVILLE MD 20854 451060168 HOUSING NJ -2 98 FORESIGHT FORESIGHT AFFORDABLE HOUSING-BAXTER PARK 1395 KERSEY LANE ROCKVILLE MD 20854 452502185 HOUSING NJ 0 0 FORESIGHT foresight affordable housing - lorena ll 1395 kersey lane rockville MD 20854 521979028 housing CA 0 0 foresight foresight affordable housing of md inc 1395 KERSEY LANE ROCKVILLE MD 20854 521962141 RENTAL MD 501(c)(3) 9 NA false foresight affordable housing of pa inc 1395 KERSEY LANE ROCKVILLE PA 20854 521910387 RENTAL PA 501(c)(3) 9 NA false FORESIGHT AFFORDABLE HOUSING-PENNSVILLe 1395 Kersey lane Rockville MD 20854 222262967 RENTAL NJ 501(c)(3) 9 NA false LAFAYETTE FAMILY PHASE II URBAN RENEWAL 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 200439982 REAL ESTATE NJ FAH PACIFIC CT rental -273 -1399 false 0 0.00010 VINELAND ASSOCIATES LLC 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 260539415 REAL ESTATE NJ FAH VINELAND rental -28 -120 false 0 0.00010 EAST I PRESERVATION LLC 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 REAL ESTATE NJ FAH EAST I LLC rental -17 31 false 0 0.00010 GLENNVIEW TOWNHOUSES URBAN RENEWAL ASSOC 3 EAST STOW ROAD suite 100 MARLTON NJ 08053 271107874 REAL ESTATE NJ FAH GLENNVIEW rental -58 -1569 false 0 0.00005 CENTERVILLE SOUTH URBAN RENEWAL ASSOCIAT 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 261797224 REAL ESTATE NJ FAH CENTERVILLE rental 0 -4 false 0 0.00001 ATLANTIC CITY PRESERVATION LLC 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 260878703 REAL ESATE NJ FAH-VILLAS WEST rental -32 -135 false 0 0.00010 OAK DALE APARTMENTS LTD 3 EAST STOW ROAD SUITE 100 MARLTONN NJ 08053 630771104 REAL ESTATE NJ FAH HOLDINGS rental 2397 47765 false 0 0.03000 HIGHLAND VIEW APARTMENTS LTD 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 630745020 REAL ESTATE NJ FAH HOLDINGS rental 13004 130376 false 0 0.20000 VILLAGE GREEN LTD 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 630842875 REAL ESTATE NJ FAH HOLDINGS rental 4194 50875 false 0 0.10000 SUNFLOWER LANE APARTMENTS LTD 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 630771106 REAL ESTATE NJ FAH HOLDINGS rental 1557 17837 false 0 0.01000 WOOD VILLAGE APARTMENTS LTD 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 630745036 REAL ESTATE NJ FAH HOLDINGS rental 5098 67568 false 0 0.05000 MONTGOMERY SENIOR LIVING URBAN RENEWAL PO BOX 994 MARLTON NJ 08053 453164935 REAL ESTATE NJ FAH-MONTGOMERY rental 0 100 false 0 0.00005 MORGAN VILLAGE URBAN RENEWAL ASSOC LP 3 EAST STOW ROAD SUITE 100 MARLTON NJ 08053 272534069 REAL ESTATE NJ FAH-MORGAN VILL rental -2 98 false 0 0.00001 Keller Court Ltd 3 East Stow Road Suite 100 Marlton NJ 08053 630812275 REAL ESTATE NJ FAH Holdings rental 9787 145888 false 0 0.10000 Driftwood Apartments Ltd 3 East Stow Road Marlton NJ 08053 630807240 REAL ESTATE NJ FAH Holdings rental 1520 11189 false 0 0.05000 Moore Manor Apartments Ltd 3 East Stow Road Marlton NJ 08053 630771843 REAL ESTATE NJ FAH Holdings rental 139 595 false 0 0.02000 Lorena Apartments A California LP 3 East Stow Road Marlton NJ 08053 263278793 REAL ESTATE CA FAH lorena rental 0 0 false 0 0.00000 baxter park south associates lp 3 e stow rd suite 100 marlton NJ 08053 273008545 real estate NJ fah baxter rental 0 0 false 0 0.00002 false false false false false false false false false false false false false false false false false false