STRATEGY STUDIO / PUBLIC DATA EXPLORER

FORESIGHT AFFORDABLE HOUSING INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
FORESIGHT AFFORDABLE HOUSING INC (EIN 52-1979028)
Tax period
2011-04-01 to 2012-03-31
Filed
2012-10-01
IRS object ID
201232759349300803
Schema version
2011v1.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-10-01T08:59:03-05:00Timestamp
Tax Period End Date2012-03-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ASHER & COMPANY LTDBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11801 MARKET STREET SUITE 1700AddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19103ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-04-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN521979028EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1FORESIGHT AFFORDABLE HOUSING INCBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% THE MORGAN CONSULTANT GROUPInCareOfName
Name ControlFORENameControl
Phone6098232500Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11395 KERSEY LANEAddressLine1
CityROCKVILLECity
StateMDState
ZIP Code20854ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMORTON BARUCHName
TitlePRESIDENT & TREASURERTitle
Date Signed2012-09-26DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMARGARET M ROBUS CPA MTName
Phone2155641900Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMORTON BARUCHNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11395 KERSEY LANEAddressLine1
CityROCKVILLECity
StateMDState
ZIP Code20854ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3477359GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1996YearFormation
State Legal DomicileNJStateLegalDomicile
Activity Or Mission DescriptionAN 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.ActivityOrMissionDescription
Nbr Voting Members Governing Body6NbrVotingMembersGoverningBody
Nbr Independent Voting Members5NbrIndependentVotingMembers
Total Nbr Employees1TotalNbrEmployees
Total Nbr Volunteers5TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year3389556ProgramServiceRevenuePriorYear
Program Service Revenue CY3334791ProgramServiceRevenueCY
Investment Income Prior Year57239InvestmentIncomePriorYear
Investment Income Current Year116760InvestmentIncomeCurrentYear
Other Revenue Prior Year10705OtherRevenuePriorYear
Other Revenue Current Year25808OtherRevenueCurrentYear
Total Revenue Prior Year3457500TotalRevenuePriorYear
Total Revenue Current Year3477359TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year658799SalariesEtcPriorYear
Salaries Etc Current Year808754SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2895760OtherExpensePriorYear
Other Expenses Current Year2670704OtherExpensesCurrentYear
Total Expenses Prior Year3554559TotalExpensesPriorYear
Total Expenses Current Year3479458TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-97059RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-2099RevenuesLessExpensesCY
Total Assets BOY17179497TotalAssetsBOY
Total Assets EOY17969041TotalAssetsEOY
Total Liabilities BOY11768646TotalLiabilitiesBOY
Total Liabilities EOY12560289TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY5410851NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY5408752NetAssetsOrFundBalancesEOY
Mission DescriptionFORESIGHT 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.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense410458Expense
Revenue97810Revenue
DescriptionThe 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.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense3069000Expense
Revenue3236981Revenue
DescriptionOperations of two housing projects. The first housing project has 130 units and the second housing project has 195 units.Description
FieldValueIRS element (for citing)
Total Program Service Expense3479458TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetstrueReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109610NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees1NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members6NbrVotingGoverningBodyMembers
Number Independent Voting Members5NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiestrueDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturetrueInvestmentInJointVenture
Written Policy Or ProceduretrueWrittenPolicyOrProcedure
States Where Copy Of Return Is FiledMDStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNJStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonTHE MORGAN CONSULTANT GROUPNamePerson
Telephone Number6098228100TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1321 N FREDERICKSBURG AVEAddressLine1
CityVENTNORCity
StateNJState
ZIP Code08406ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
MORTON BARUCH
PRESIDENT & TREASURER20.0XX111500028781
DONALD REAPE
VICE PRESIDENT2.0XX105000
MORTON W SCHOMER
ASST SECRETARY2.0XX10500
DR BRUCE JOHNSON
TRUSTEE1.0X4500
GERALD F SCHWAM
TRUSTEE1.0X3000
LYNDA BARNESS
TRUSTEE1.0X0
FieldValueIRS element (for citing)
Total Reportable Comp From Org140000TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation28781TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

FieldValueIRS element (for citing)
Name PersonTHE MORGAN CONSULTANT GROUPNamePerson

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1321 N FREDERICKSBURG AVEAddressLine1
CityVENTNORCity
StateNJState
ZIP Code08406ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesCONSULTINGDescriptionOfServices
Compensation117125Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K
Total Contributions0TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENT REVENUE32369813236981
MANAGEMENT FEES6531065310
FEE INCOME3250032500
FieldValueIRS element (for citing)
Total Program Service Revenue3334791TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column116760TotalRevenueColumn
Exclusion$116,760ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUSDescription
Total Revenue Column25808TotalRevenueColumn
Exclusion$25,808ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue25808TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3477359TotalRevenueColumn
Related Or Exempt Function Income3334791RelatedOrExemptFunctionIncome
Exclusion$142,568ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total197237Total
Program Services197237ProgramServices

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total438286Total
Program Services438286ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total0Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total120026Total
Program Services120026ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total53205Total
Program Services53205ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total207923Total
Program Services207923ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total17366Total
Program Services17366ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total93408Total
Program Services93408ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total127792Total
Program Services127792ProgramServices

Advertising Advertising

FieldValueIRS element (for citing)
Total495Total
Program Services495ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total41459Total
Program Services41459ProgramServices

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total0Total

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total0Total

Travel Travel

FieldValueIRS element (for citing)
Total19055Total
Program Services19055ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total567339Total
Program Services567339ProgramServices

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total347867Total
Program Services347867ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total218449Total
Program Services218449ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
SUPPLIES246179246179
REAL ESTATE TAXES276232276232
UTILITIES272638272638
REPAIRS & MAINTENANCE145233145233

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total89269Total
Program Services89269ProgramServices

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total3479458Total
Program Services3479458ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY441931BOY
EOY853806EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY4898000BOY
EOY5888500EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis12067313LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec2077701LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY10300826BOY
EOY9989612EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY159531BOY
EOY154559EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1379209BOY
EOY1082564EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY17179497BOY
EOY17969041EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Grants Payable GrantsPayable

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Loans From Officers Directors LoansFromOfficersDirectors

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY6413913BOY
EOY8321320EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY4898000BOY
EOY3888500EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY456733BOY
EOY350469EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY11768646BOY
EOY12560289EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY5410851BOY
EOY5408752EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY5410851BOY
EOY5408752EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY17179497BOY
EOY17969041EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-2099ReconcilationRevenueExpenses
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3XSupportingOrganization509a3
Supporting Org509a3 Type3 Func IntXSupportingOrg509a3Type3FuncInt
Contrib By Controlling IndividualfalseContribByControllingIndividual
Contribution By Related PartyfalseContributionByRelatedParty
Contrib By35 Controlled EntityfalseContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation (2 entries)

EINEINType Of OrganizationTypeOfOrganizationListed In Governing DocListedInGoverningDocAmountAmount
FORESIGHT AFFORDABLE HOUSING OF MARYLAND INC
52196214104true$35,310
FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA INC
52191038704true$30,000
FieldValueIRS element (for citing)
Total Number Of Supported Orgs2TotalNumberOfSupportedOrgs
Sum Of Amounts65310SumOfAmounts

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts
Current Year Minus3 YearsCurrentYearMinus3Years

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis1445000OtherCostOrOtherBasis
Book Value1445000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis10579471OtherCostOrOtherBasis
Depreciation2035115Depreciation
Book Value8544356BookValue
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovements

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis42842OtherCostOrOtherBasis
Depreciation42586Depreciation
Book Value256BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings9989612TotalOfBookValueLandBuildings

Other Assets OtherAssets (16 entries)

DescriptionDescriptionBook ValueBookValue
TENANT SECURITY DEPOSITS61908
MORTGAGE ESCROW DEPOSITS207434
REPLACEMENT RESERVES706371
OTHER DEPOSITS12779
INVESTMENT IN PENNSVILLE70145
INVESTMENT IN VINELAND, LLC-92
INVESTMENT IN PACIFIC COURT-1126
INVESTMENT IN EAST I PRESERVAT48
INVESTMENT IN ATLANTIC CITY-103
INVESTMENT IN CENTERVILLE SOUT-4
INVESTMENT IN GLENNVIEW TOWNHO-1511
INVESTMENT IN OAK DALE APARTME2856
INVESTMENT IN HIGHLAND VIEW AP13007
INVESTMENT IN VILLAGE GREEN4195
INVESTMENT IN SUNFLOWER LANE1558
INVESTMENT IN WOOD VILLAGE5099
FieldValueIRS element (for citing)
Total Book Value Other Assets1082564TotalBookValueOtherAssets
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
TENANT SECURITY DEPOSITS$61,908
DUE TO RELATED PARTY$300
DUE TO OTHERS$67,473
PURCHASE PRICE PAYABLE$220,788
FieldValueIRS element (for citing)
Total Of Amounts350469TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
GOVERNING BODY AND MANAGEMENTPART VI SECTION A LINE 3PROPERTIES OWNED THROUGH FORESIGHT'S AFFILIATES ARE MANAGED BY A CONTRACTED MANAGEMENT AGENT.
POLICIESPART VI SECTION B LINE 11bWILL BE REVIEWED BY THE FINANCE COMMITTEE WHICH IS FORESIGHT'S EXECUTIVE COMMITTEE AND WILL BE PROVIDED TO BOARD UPON REQUEST.
POLICIESPART VI SECTION B LINE 12CTHROUGH ANNUAL, WRITTEN CONFLICT OF INTEREST STATEMENTS BY BOARD MEMBERS.
POLICIESPART VI SECTION B LINE 15CONTRACTUAL NEGOTIATIONS BETWEEN THE EXECUTIVE COMMITTEE AND THE CEO AND APPROVED BY THE FULL BOARD.
DISCLOSURESPART VI SECTION C LINE 19MANUAL COPY AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (13 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
FORESIGHT AFFORDABLE HOUSING-PACIFIC CT
1395 Kersey laneRockvilleMD20854521979028HOUSINGNJ-336-1126FORESIGHT
FORESIGHT AFFORDABLE HOUSING-PINECREST
1395 Kersey laneRockvilleMD20854421631748HOUSINGNY1751416763763FORESIGHT
FORESIGHT AFFORDABLE HOUSING-GREENLEAF
1395 Kersey laneRockvilleMD20854205406892HOUSINGMO223505026610FORESIGHT
FORESIGHT AFFORDABLE HOUSING-VINELAND
1395 Kersey laneRockvilleMD20854331152027HOUSINGNJ-24-92FORESIGHT
FORESIGHT AFFORDABLE HOUSING-SPRING GARD
1395 Kersey laneRockvilleMD20854352323547HOUSINGNJ0100FORESIGHT
FORESIGHT AFFORDABLE HOUSING-EAST I
1395 KERSEY LANEROCKVILLEMD20854383787957HOUSINGNJ8648FORESIGHT
FORESIGHT AFFORDABLE HOUSING-GLENNVIEW
1395 KERSEY LANEROCKVILLEMD20854521979028HOUSINGNJ-1511-1511FORESIGHT
FORESIGHT AFFORDABLE HOUSING-CENTERVILLE
1395 KERSEY LANEROCKVILLEMD20854270978619HOUSINGNJ-104-4FORESIGHT
FORESIGHT AFFORDABLE HOUSING-VILLAS WEST
1395 KERSEY LANEROCKVILLEMD20854383787956HOUSINGNJ34-103FORESIGHT
FORESIGHT AFFORDABLE HOUSING-HOLDINGS
1395 KERSEY LANEROCKVILLEMD20854275206161HOUSINGNJ2671526715FORESIGHT
FORESIGHT AFFORDABLE HOUSING-MONTGOMERY
1395 KERSEY LANEROCKVILLEMD20854452349647HOUSINGNJ00FORESIGHT
FORESIGHT AFFORDABLE HOUSING-MORGAN
1395 KERSEY LANEROCKVILLEMD20854451060168HOUSINGNJ00FORESIGHT
FORESIGHT AFFORDABLE HOUSING-BAXTER PARK
1395 KERSEY LANEROCKVILLEMD20854452502185HOUSINGNJ00FORESIGHT

Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrg
foresight affordable housing of md inc
1395 KERSEY LANEROCKVILLEMD20854521962141RENTALMD501(C)(3)9NAfalse
foresight affordable housing of pa inc
1395 KERSEY LANEROCKVILLEPA20854521910387RENTALPA501(C)(3)9NAfalse
FORESIGHT AFFORDABLE HOUSING-PENNSVILLe
1395 Kersey laneRockvilleMD20854222262967RENTALNJ501(C)(3)9NAfalse

Form990 Schedule R Part III Form990ScheduleRPartIII (13 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Predominant Income TypePredominantIncomeTypeShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsDisproportionate AllocationsDisproportionateAllocationsCode VCodeVAmountGeneral Or Managing PartnerGeneralOrManagingPartnerPercentage OwnershipPercentageOwnership
LAFAYETTE FAMILY PHASE II URBAN RENEWAL
3 EAST STOW ROAD SUITE 100MARLTONNJ08053200439982REAL ESTATENJFAH PACIFIC CTRENTAL-336-1126false$0true0.00010
VINELAND ASSOCIATES LLC
3 EAST STOW ROAD SUITE 100MARLTONNJ08053260539415REAL ESTATENJFAH VINELANDRENTAL-24-92false$0true0.00010
EAST I PRESERVATION LLC
3 EAST STOW ROAD SUITE 100MARLTONNJ08053REAL ESTATENJFAH EAST I LLCRENTAL-1448false$0true0.00010
GLENNVIEW TOWNHOUSES URBAN RENEWAL ASSOC
3 EAST STOW ROAD suite 100MARLTONNJ08053271107874REAL ESTATENJFAH GLENNVIEWRENTAL-1516-1511false$0true0.00500
CENTERVILLE SOUTH URBAN RENEWAL ASSOCIAT
3 EAST STOW ROAD SUITE 100MARLTONNJ08053261797224REAL ESTATENJFAH CENTERVILLERENTAL-104-4false$0false0.00001
ATLANTIC CITY PRESERVATION LLC
3 EAST STOW ROAD SUITE 100MARLTONNJ08053260878703REAL ESATENJFAH-VILLAS WESTRENTAL-66-103false$0true0.00010
OAK DALE APARTMENTS LTD
3 EAST STOW ROAD SUITE 100MARLTONNNJ08053630771104REAL ESTATENJFAH HOLDINGSRENTAL285545368falsefalse0.03000
HIGHLAND VIEW APARTMENTS LTD
3 EAST STOW ROAD SUITE 100MARLTONNJ08053630745020REAL ESTATENJFAH HOLDINGSRENTAL13005117372falsefalse0.20000
VILLAGE GREEN LTD
3 EAST STOW ROAD SUITE 100MARLTONNJ08053630842875REAL ESTATENJFAH HOLDINGSRENTAL419446681falsefalse0.10000
SUNFLOWER LANE APARTMENTS LTD
3 EAST STOW ROAD SUITE 100MARLTONNJ08053630771106REAL ESTATENJFAH HOLDINGSRENTAL155716280falsefalse0.01000
WOOD VILLAGE APARTMENTS LTD
3 EAST STOW ROAD SUITE 100MARLTONNJ08053630745036REAL ESTATENJFAH HOLDINGSRENTAL509862470falsefalse0.05000
MONTGOMERY SENIOR LIVING URBAN RENEWAL
PO BOX 994MARLTONNJ08053453164935REAL ESTATENJFAH-MONTGOMERYRENTAL0100falsetrue0.00005
MORGAN VILLAGE URBAN RENEWAL ASSOC LP
3 EAST STOW ROAD SUITE 100MARLTONNJ08053272534069REAL ESTATENJFAH-MORGAN VILLRENTAL01falsefalse0.00005
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg