2012-10-04T11:58:01-05:00 2011-12-31 SVA CERTIFIED PUBLIC ACCOUNTANTS 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2011-01-01 392010184 MIDWEST AFFORDABLE HOUSING CORP c/o PHILIP J SCHULTZ % PHILIP J SCHULTZ MIDW 4145882221 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 PHILIP J SCHULTZ 4145882221 2012-10-03 true DOUGLAS K BERRY 6088318181 2011 2016-02-24 21:20:13Z PHILIP J SCHULTZ 1560 EAST BLACKTHORNE PLACE MILWAUKEE WI 53211 748112 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 3000 510024 701581 43243 41990 43844 1541 600111 748112 0 0 0 0 0 0 0 0 0 673372 673997 673372 673997 -73261 74115 5312404 7166160 4155939 5303444 1156465 1862716 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 547774 570546 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. -5707 OPERATION OF A 24-UNIT AFFORDABLE HOUSING APARTMENT COMPLEX (TEUTONIA GARDENS) IN MILWAUKEE, WISCONSIN WITH RENTS AT LESS THAN 60% OF THE COUNTY MEDIAN INCOME. 108626 138290 OPERATION OF A 60-UNIT affordable HOUSING APARTMENT COMPLEX (GLENWOOD APARTMENTS) IN KENOSHA, WISCONSIN. IT IS AN INDEPENDENT LIVING COMMUNITY FOR SENIORS. -7 OTHER PROGRAM SERVICE -7 656400 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true false false false true false 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 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 3000 3000 RENTAL INCOME 531110 683243 683243 MISC INCOME FROM TENANTS 531110 24052 24052 LOSS FROM INVSTMNT IN TG MANAGING MEMBER 531390 -5707 -5707 LOSS FROM INVSTMNT IN HORIZON SENIOR HSG XVII 531390 -7 -7 701581 41990 41990 0 0 0 0 0 0 MISCELLANEOUS INCOME 531390 1541 1541 1541 748112 703122 41990 0 0 0 0 0 0 0 0 0 0 40508 40508 13738 3305 10433 15602 8527 7075 0 0 0 0 8842 8842 10893 10893 0 0 368472 368472 293 293 0 0 0 0 156073 156073 12696 12696 0 ADMINISTRATIVE EXPENSES 1780 1691 89 MISC. TAXES/LICENSES 954 954 PAYROLL REIMBURSEMENTS 29904 29904 LEASING COMMISSION 240 240 14002 14002 673997 656400 17597 0 322862 187202 32634 32754 0 0 51988 58461 0 0 0 0 744600 700170 0 0 7710 7889 7839347 1974178 3878055 5865169 0 0 0 0 -7294 -13008 51257 49140 230592 278383 5312404 7166160 229599 263954 0 0 17744 16136 0 0 0 0 10 10 3775449 4929909 0 0 133137 93435 4155939 5303444 X 1156465 1862716 0 0 0 0 1156465 1862716 5312404 7166160 X 74115 632136 X true false false X false X 261900 28100 3000 3000 296000 579329 496266 547268 553868 703122 2879853 579329 758166 575368 556868 706122 3175853 161708 167195 123732 452635 161708 167195 123732 452635 2723218 71308 41302 44032 43243 41990 241875 71308 41302 44032 43243 41990 241875 650637 799468 619400 600111 748112 3417728 0.79679 0.81843 0.07077 0.08113 X 693273 693273 6538515 1694802 4843713 607559 279376 328183 5865169 0 TENANTS' SECURITY DEPOSITS 59097 ADVANCES FROM HORIZON DVLPMNT 34338 93435 PHILIP SCHULTZ ADV. FOR FEES X 510 10 false true false 10 HORIZON DEVELOPMENT GROUP INC >5% OWNED BY PHIL SCHULTZ 73282 INFRAST./DEVELOPMENT SERVICES 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 KENOSHA, WISCONSIN CALLED GLENWOOD APARTMENTS. FORM 990 PART XI LINE 5 OTHER CHANGES IN NET ASSETS OTHER CHANGES IN NET ASSETS = $632,136 THIS REPRESENTS A BASIS ADJUSTMENT RELATED TO THE ACQUISITION OF KENOSHA SENIORS LIMITED PARTNERSHIP ON AUGUST 31, 2011. GREENTREE GLEN LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 392010184 ELDERLY HSG WI 571003 1966688 MAHC KENOSHA SENIORS LIMITED PARTNERSHIP 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 391801541 ELDERLY HSG WI 770584 2061003 MAHC KENOSHA SENIORS GP LLC 1560 EAST BLACKTHORNE PLACE WHITEFISH BAY WI 53211 392010184 REAL ESTATE WI 0 56100 MAHC TG MANAGING MEMBER LLC 3900 S PRAIRIE HILL LANE GREENFIELD WI 53228 331176767 REAL ESTATE WI MAHC RELATED -5776 292483 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 41 false false 0.51000 false false false true false false false false false false false false false false false false false false