Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
RICHLAND AFFORDABLE HOUSING
 

Number and street (or P.O. box number if mail is not delivered to street address)1032 6TH ST SW   Room/suite
City or town, state, and ZIP code
SIDNEY, MT59270
A Employer identification number

81-0509083
B Telephone number (see page 10 of the instructions)

(406) 433-1978
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,436,359J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 343,491
2 Check bullet
3 Interest on savings and temporary cash investments 4,580 4,580  
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -325
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 361,971 0 361,971
12 Total. Add lines 1 through 11........ 709,717 4,580 361,971
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,860 124 2,086 2,650
c Other professional fees (attach schedule).... Click to see attachment 38,208 976 16,400 20,832
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
19 Depreciation (attach schedule) and depletion... Click to see attachment 126,682 0 126,682
20 Occupancy.............. 262,700 0 115,715 146,985
21 Travel, conferences, and meetings....... 3,926 0 1,729 2,197
22 Printing and publications.......... 8,985 0 3,958 5,027
23 Other expenses (attach schedule)....... Click to see list of attachments 221,549 3,480 95,401 122,668
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 666,910 4,580 361,971 300,359
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 666,910 4,580 361,971 300,359
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 42,807
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 99 102 102
2 Savings and temporary cash investments.......... 139,473 103,849 103,849
3 Accounts receivable bullet440
Less: allowance for doubtful accounts bullet   1,069 440 440
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 9,269 8,855 8,855
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 297,807 Click to see attachment379,464 379,464
14 Land, buildings, and equipment: basis bullet3,865,496
Less: accumulated depreciation (attach schedule) bullet974,223 2,943,164 Click to see attachment2,891,273 2,891,273
15 Other assets (describe bullet) Click to see attachment51,119 Click to see attachment52,376 Click to see attachment52,376
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,442,000 3,436,359 3,436,359
Liabilities 17 Accounts payable and accrued expenses.......... 31,110 57,422
18 Grants payable...................    
19 Deferred revenue..................   2,656
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,291,877 1,213,280
22 Other liabilities (describe bullet) Click to see attachment14,105 Click to see attachment15,286
23 Total liabilities (add lines 17 through 22).......... 1,337,092 1,288,644
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 2,104,908 2,147,715
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,104,908 2,147,715
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,442,000 3,436,359
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,104,908
2 Enter amount from Part I, line 27a...................... 2 42,807
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,147,715
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 2,147,715
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a EQUIPMENT P 2004-07-01 2010-12-31
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a   650 975 -325
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -325
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -325
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 219,700 407,084 0.539692
2008 0 0 0.0
2007 0 0 0.0
2006 0 0 0.0
2005 0 0 0.0
2 Total of line 1, column (d) ...................... 2 0.539692
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.107938
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 453,491
5 Multiply line 4 by line 3....................... 5 48,949
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 48,949
8 Enter qualifying distributions from Part XII, line 4.............. 8 300,359
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMT
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPAUL GROSHART Telephone no.bullet (406) 433-1978
    Located atbullet1032 6TH ST SWSIDNEYMT ZIP+4bullet59270
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DIANE FORD DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    JERRY GARDNER DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    DOUG HILL CHAIRMAN
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    RICHARD JENSEN VICE CHAIR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    SANDY CHRISTENSEN DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    PAUL GROSHART DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    460,397
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    460,397
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    460,397
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    6,906
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    453,491
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    22,675
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    22,675
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    22,675
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    22,675
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    22,675
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    300,359
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    300,359
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    300,359
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 22,675
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 199,346
    fTotal of lines 3a through e......... 199,346
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 300,359
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 22,675
    e Remaining amount distributed out of corpus 277,684
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 477,030
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		477,030
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 199,346
    e Excess from 2010.... 277,684
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aRENT REVENUE         301,585
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 4,580  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         -325
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aLAUNDRY AND VENDING     03 2,597  
    bMISCELLANEOUS REVENUE     03 1,342  
    cTENANT CHARGES     03 3,887  
    dMEAL SERVICE INCOME         52,560
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 12,406 353,820
    13Total. Add line 12, columns (b), (d), and (e)...................
    13366,226
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    1A THE ORGANIZATION OWNS AND OPERATES PROPERTY FOR LOW-INCOME PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    RICHLAND AFFORDABLE HOUSING
     
    Employer identification number

    81-0509083
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    RICHLAND AFFORDABLE HOUSING
          		Employer identification number

    81-0509083
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    US DEPT OF HOUSING & URBAN DEVELOPMENT
     

         
    451 7TH STREET SW
       
    WASHINGTON, DC   20410

    		$343,491




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    RICHLAND AFFORDABLE HOUSING
          		Employer identification number

    81-0509083
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    RICHLAND AFFORDABLE HOUSING
          		Employer identification number

    81-0509083
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,860 124 2,086 2,650

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    TY 2010 AmortizationSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    DEFERRED FINANCING FEES 2001-04-01 26,841 13,053 216.000000000000 1,491 0 1,491 14,544

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    TY 2010 DepreciationSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 2001-04-01 55,000   L 0 % 0 0 0  
    BUILDINGS 2001-04-01 2,426,692 528,311 ADS 40.000000000000 60,667 0 60,667  
    EQUIPMENT 2001-04-01 69,618 48,329 ADS 12.000000000000 5,873 0 5,873  
    BUILDING REHAB 2001-09-02 62,485 12,953 ADS 40.000000000000 1,562 0 1,562  
    LAND IMPROVEMENTS 2001-09-02 15,695 6,577 ADS 20.000000000000 784 0 784  
    EQUIPMENT REHAB 2001-09-02 115,106 80,401 ADS 12.000000000000 9,574 0 9,574  
    ROOF 2002-03-01 103,290 20,120 ADS 40.000000000000 2,582 0 2,582  
    ALARM PULL CORD SYSTEM 2002-05-15 8,382 1,598 ADS 40.000000000000 210 0 210  
    AIR CONDITIONING UNITS 2002-08-20 8,260 1,523 ADS 40.000000000000 207 0 207  
    HEATERS 2002-02-19 1,113 779 SL 5.000000000000 0 0 0  
    UTILITY FOOT TRUCK & LID 2002-10-10 921 645 SL 5.000000000000 0 0 0  
    CHAIR & END TABLES 2002-12-12 2,640 1,848 SL 5.000000000000 0 0 0  
    CARPET 2002-11-01 6,258 4,381 SL 5.000000000000 0 0 0  
    12 A/C UNITS 2003-07-01 8,936 1,443 ADS 40.000000000000 223 0 223  
    REFRIGERATORS 2003-07-01 2,684 2,684 SL 5.000000000000 0 0 0  
    SPRINKLER, CONCRETE BARRIERS, PAVING 2003-07-01 7,518 2,443 SL 20.000000000000 376 0 376  
    OFFICE REMODEL 2003-07-01 9,418 1,521 ADS 40.000000000000 235 0 235  
    ROOF DRAINS 2003-07-01 3,175 513 ADS 40.000000000000 79 0 79  
    CARPET, PAINT 2003-07-01 9,093 9,093 SL 5.000000000000 0 0 0  
    COVER PIPES 2003-07-01 981 981 SL 5.000000000000 0 0 0  
    BUILDING ADDITION 2004-07-01 23,762 3,243 ADS 40.000000000000 594 0 594  
    EQUIPMENT 2004-07-01 15,351 9,381 ADS 9.000000000000 1,706 0 1,706  
    PARKING LOT 2004-07-01 102,792 28,268 SL 20.000000000000 5,140 0 5,140  
    FURNITURE AND PHONE 2005-07-01 3,876 1,744 ADS 10.000000000000 388 0 388  
    APPLIANCES 2006-07-01 3,018 1,132 ADS 9.000000000000 335 0 335  
    EQUIPMENT 2006-07-01 1,790 671 ADS 9.000000000000 199 0 199  
    APPLIANCES 2005-11-30 3,845 1,922 ADS 9.000000000000 427 0 427  
    DOORS 2005-05-11 1,777 205 ADS 40.000000000000 44 0 44  
    DOOR AND AC UNITS (ROOF) 2005-06-14 12,155 1,380 ADS 40.000000000000 304 0 304  
    FENCE AND WINDOW UNIT 2005-07-15 2,583 288 ADS 40.000000000000 65 0 65  
    AC UNITS 2005-09-13 4,038 433 ADS 40.000000000000 101 0 101  
    APPLIANCES 2005-09-01 5,085 2,543 ADS 9.000000000000 565 0 565  
    ELEVATOR REMODELING 2006-03-01 89,399 8,474 ADS 40.000000000000 2,235 0 2,235  
    WINDOWS AND SIDING 2006-09-01 179,051 14,734 ADS 40.000000000000 4,476 0 4,476  
    ELEVATOR REMOD 2005-12-31 27,449 2,773 ADS 40.000000000000 686 0 686  
    CASE TRACTOR 2005-01-18 19,979 9,990 ADS 9.000000000000 2,220 0 2,220  
    POWER WASHER 2005-05-17 865 432 ADS 9.000000000000 96 0 96  
    WINDOWS AND SIDING 2005-12-30 8,857 895 ADS 40.000000000000 221 0 221  
    APPLIANCES 2006-12-01 1,694 588 ADS 9.000000000000 188 0 188  
    EQUIPMENT 2006-12-31 2,141 744 ADS 9.000000000000 238 0 238  
    TILE 2007-12-01 9,679 2,285 ADS 9.000000000000 1,075 0 1,075  
    CABINETS 2007-12-14 8,052 1,901 ADS 9.000000000000 895 0 895  
    SHELVING FOR STORE ROOM 2007-05-16 3,328 971 ADS 9.000000000000 370 0 370  
    WASHER & DRYER 2007-05-16 3,186 929 ADS 9.000000000000 354 0 354  
    APPLIANCES 2007-07-01 4,566 1,205 ADS 9.000000000000 507 0 507  
    2000 FORD PICKUP TRUCK 2007-11-13 9,410 3,999 ADS 5.000000000000 1,882 0 1,882  
    WINDOWS & SIDING-FINAL 2007-07-01 73,434 4,513 ADS 40.000000000000 1,836 0 1,836  
    LANDSCAPE BRICK WORK 2008-08-18 3,500 241 ADS 20.000000000000 175 0 175  
    OUTDOOR LOGO SIGNAGE 2008-09-12 487 33 ADS 20.000000000000 24 0 24  
    ELECTRICAL 2008-05-16 1,991 81 ADS 40.000000000000 50 0 50  
    FURNACE AND AIR CONDITIONER 2008-10-17 8,150 246 ADS 40.000000000000 204 0 204  
    DINING ROOM WALL 2008-12-23 2,844 74 ADS 40.000000000000 71 0 71  
    CABINETS 2008-04-17 1,815 328 ADS 9.000000000000 202 0 202  
    SECURITY CAMERA SYSTEM 2008-10-17 7,854 982 ADS 9.000000000000 873 0 873  
    FLOORING 2008-12-11 10,593 1,324 ADS 9.000000000000 1,177 0 1,177  
    WASHER, STEAMER, REVERSE OSMOSIS MACHINE 2008-04-17 9,516 1,718 ADS 9.000000000000 1,057 0 1,057  
    WASHER 2008-06-11 1,010 182 ADS 9.000000000000 112 0 112  
    FOOD PROCESSOR 2008-12-03 451 56 ADS 9.000000000000 50 0 50  
    RANGES, REFRIGERATOR 2008-02-13 928 193 ADS 9.000000000000 103 0 103  
    REFRIGERATORS, FREEZER, TOASTER 2008-06-12 6,291 1,136 ADS 9.000000000000 699 0 699  
    REFRIGERATOR, STOVE 2008-07-15 666 102 ADS 9.000000000000 74 0 74  
    REFRIGERATOR 2008-09-16 404 62 ADS 9.000000000000 45 0 45  
    FREEZER 2008-10-17 425 53 ADS 9.000000000000 47 0 47  
    COMMERCIAL VACUUM 2008-12-01 600 75 ADS 9.000000000000 67 0 67  
    COMPUTER 2008-03-12 1,196 448 ADS 5.000000000000 239 0 239  
    COPIER 2008-12-01 3,495 655 ADS 6.000000000000 583 0 583  
    LOBBY & DINING ROOM WINDOWS 2008-04-17 15,408 658 ADS 40.000000000000 385 0 385  
    DOUBLE ENTRY DOOR 2008-09-12 2,823 91 ADS 40.000000000000 71 0 71  
    EAST ENTRANCE REMODEL 2008-12-23 32,500 846 ADS 40.000000000000 813 0 813  
    EAST CANOPY 2008-12-23 37,000 963 ADS 40.000000000000 925 0 925  
    BATHROOM REMODEL 2009-07-27 477 5 ADS 40.000000000000 12 0 12  
    ARCH REPAIR 2009-11-16 45,000 141 ADS 40.000000000000 1,125 0 1,125  
    KITCHEN REMODEL 2009-12-14 3,578 4 ADS 40.000000000000 89 0 89  
    CABINETS 2009-11-16 19,099 265 ADS 9.000000000000 2,122 0 2,122  
    CARPET AND TILE 2009-12-14 15,443 214 ADS 9.000000000000 1,716 0 1,716  
    TABLES AND PLATES 2009-02-10 1,723 168 ADS 9.000000000000 191 0 191  
    TABLES 2009-03-17 2,296 223 ADS 9.000000000000 255 0 255  
    WASHER & DRYERS 2009-04-21 2,584 179 ADS 9.000000000000 287 0 287  
    PATH BASES FOR WASHER & DRYERS 2009-05-14 600 42 ADS 9.000000000000 67 0 67  
    LIFT CHAIR UNIT-#310 2009-09-14 1,329 55 ADS 9.000000000000 148 0 148  
    POTS & PANS 2009-12-31 400 6 ADS 9.000000000000 45 0 45  
    TV, DVD, WII FOR REC ROOM 2009-04-21 3,880 269 ADS 9.000000000000 431 0 431  
    4 RANGES & 2 REFRIGERATORS 2009-04-30 2,056 143 ADS 9.000000000000 228 0 228  
    ONE RANGE & ONE REFRIGERATORS 2009-09-14 733 31 ADS 9.000000000000 81 0 81  
    COMPUTER HARD DRIVE 2009-06-15 498 62 ADS 5.000000000000 100 0 100  
    LABTOP & DESKTOP COMPUTER 2009-08-18 2,313 174 ADS 5.000000000000 463 0 463  
    RELOCATE 6" WATER LINE 2010-11-16 21,805   ADS 20.000000000000 136 0 136  
    SHOWER 2010-04-08 367   ADS 40.000000000000 7 0 7  
    ARCHITECT FEES - ENERGY & RESOURCE EFFICIENCY 2010-12-21 22,501   ADS 40.000000000000 23 0 23  
    CABINETS 2010-02-11 4,846   ADS 9.000000000000 471 0 471  
    CARPET & TILE 2010-04-08 4,987   ADS 9.000000000000 346 0 346  
    FREEZER - MAIN KITCHEN 2010-10-15 599   ADS 9.000000000000 8 0 8  
    RANGES 2010-02-16 638   ADS 9.000000000000 62 0 62  
    RANGES & REFRIGERATORS 2010-05-13 2,459   ADS 9.000000000000 171 0 171  
    TENANT FURNITURE 2010-11-15 1,490   ADS 9.000000000000 21 0 21  
    VACUUM 2010-04-08 505   ADS 9.000000000000 35 0 35  
    OFFICE EQUIPMENT 2010-06-17 1,119   ADS 9.000000000000 78 0 78  
    FORD PICKUP 2010-12-01 13,800   ADS 5.000000000000 345 0 345  
    EQUIPMENT 2004-07-01 975 596 ADS 9.000000000000 54 0 54  

    TY 2010 InvestmentsOtherSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    REPLACEMENT RESERVE AT COST 121,113 121,113
    RESIDUAL RECEIPTS AT COST 258,351 258,351

    TY 2010 LandEtcSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DEPRECIABLE ASSETS 3,810,496 974,223 2,836,273 2,836,273
    LAND 55,000 0 55,000 55,000


    TY 2010 OtherAssetsSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MORTGAGE ESCROW DEPOSITS 18,018 18,906 18,906
    TENANT SECURITY DEPOSITS 19,312 21,172 21,172
    NET INTANGIBLE ASSETS 13,789 12,298 12,298


    TY 2010 OtherExpensesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSISTED LIVING 63,902 0 28,148 35,754
    MGMT CO EMPLOYEE CHARGEBACK 136,209 3,480 58,465 74,264
    OFFICE EXPENSES 19,947 0 8,788 11,159
    AMORTIZATION 1,491 0   1,491


    TY 2010 OtherIncomeSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENT REVENUE 301,585   301,585
    LAUNDRY AND VENDING 2,597   2,597
    MISCELLANEOUS REVENUE 1,342   1,342
    TENANT CHARGES 3,887   3,887
    MEAL SERVICE INCOME 52,560   52,560


    TY 2010 OtherLiabilitiesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY DEPOSITS 14,105 15,286


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING
    EIN: 81-0509083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 38,208 976 16,400 20,832