Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
THE HOUSING PARTNERSHIP NETWORK INC
Employer identification number
04-3172401
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2,995,685
3,867,711
6,937,647
10,175,539
7,592,048
31,568,630
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
2,995,685
3,867,711
6,937,647
10,175,539
7,592,048
31,568,630
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
1,580,568
6
Public Support. Subtract line 5 from line 4.
29,988,062
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
2,995,685
3,867,711
6,937,647
10,175,539
7,592,048
31,568,630
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
6,529
4,443
32,363
5,422
490
49,247
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
31,617,877
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
11,683,434
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
94.850 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
95.790 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
THE HOUSING PARTNERSHIP NETWORK INC
Employer identification number
04-3172401
Identifier
Return Reference
Explanation
FORM 990, PART VI, SECTION A, LINE 4
THE NETWORK UPDATED ITS BYLAWS DURING 2010 TO ALLOW MEMBERS OF THE NETWORK ELECT MEMBERS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 6
HPN SERVES AS A PEER NETWORK AND BUSINESS ALLIANCE FOR SOME OF THE NATIONS TOP-PERFORMING NONPROFIT HOUSING DEVELOPERS, OWNERS, LENDERS, AND HOUSING COUNSELORS. HPN HELPS THESE STRONG, ACCOMPLISHED ORGANIZATIONS INCREASE PRODUCTION AND IMPACT THROUGH A UNIQUE MEMBER-DRIVEN COOPERATIVE THAT SHARES KNOWLEDGE AND INNOVATION, POOLS RESOURCES TO ACCESS THE CAPITAL MARKETS MORE EFFICIENTLY, AND SHAPES POLICY THAT REFLECTS AND ENHANCES THEIR PRACTICE.
FORM 990, PART VI, SECTION A, LINE 7A
NONE OF THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS.
FORM 990, PART VI, SECTION B, LINE 11
THE 990 IS SUBMITTED TO THE AUDIT AND FINANCE COMMITTEE FOR REVIEW AND THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12C
ANNUAL CONFLICT OF INTEREST DISCLOSURE IS USED AND IF ANY ISSUES ARISE THE BOARD IS NOTIFIED. IF ISSUES ARISE, THE BOARD MEMBER INVOLVED WILL RECUSE THEMSELVES FROM THE DECISION MAKING PROCESS.
FORM 990, PART VI, SECTION B, LINE 15
THE HEWITT STUDY: THIS IS A REVIEW OF THE OVERALL COMPETITIVENESS AND STRUCTURE OF THE HOUSING PARTNERSHIP NETWORK'S EXECUTIVE COMPENSATION PROGRAM.
FORM 990, PART VI, SECTION C, LINE 19
BY MEANS OF THE INTERNET AND UPON REQUEST.
FORM 990, PART XII, LINE 2C
HPN HAS NOT CHANGED ITS FINANCIAL STATEMENT OVERSIGHT PROCESS SINCE 2009.
FORM 990, SCHEDULE L
THOMAS BLEDSOE- TOM BLEDSOE IS CEO OF THE HOUSING PARTNERSHIP NETWORK (HPN) WHICH HOLDS MANAGEMENT CONTRACTS WITH CHARTER SCHOOL FINANCING PARTNERSHIP LLC. (CSFP) MR. BLEDSOE IS ON THE BOARD OF MANAGERS OF CSFP. MANAGEMENT FEE REVENUE EARNED BY HPN FROM CSFP DURING 2010 WAS $127,540. HPN ADVANCED $15,000,000 OF A DEPARTMENT OF EDUCATION GRANT TO INITIALLY FUND CSFP. HPN ALSO ADVANCED $155,780 TO CSFP FOR STARTUP LEGAL AND CONSULTING EXPENSES. CSFP OWED HPN $47,067 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. HPN ALSO HOLDS MANAGEMENT CONTRACTS WITH HOUSING PARTNERSHIP INSURANCE EXCHANGE (HPIEX). MR. BLEDSOE IS ON THE BOARD OF DIRECTORS OF HPIEX. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPIEX DURING 2010 WAS $506,795. HPIEX OWED HPN $142,892 AS OF DECEMBER 31, 2010. MR. BLEDSOE IS ALSO A MEMBER OF THE HOUSING PARTNERSHIP VENTURES, INC. (HPV) AND THE HOUSING PARTNERSHIP FUND, INC. (HPF) BOARDS OF DIRECTORS. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPF WAS $543,345 DURING 2010. HPF OWED HPN $152,731 AS OF DECEMBER 31, 2010. HPF HAS ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPF OWES HPN $1,250,000 AS OF DECEMBER 31, 2010. HPV HAS ALSO ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPV OWES HPN $1,000,000 AS OF DECEMBER 31, 2010. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPV WAS $93,114 DURING 2010. HPV OWED HPN $25,350 AS OF DECEMBER 31, 2010. MR. BLEDSOE IS ON THE BOARD OF MANAGERS FOR NATIONAL COMMUNITY STABILIZATION TRUST, LLC (NCST) AND IS THE CHAIR. NCST PAID HPN MANAGEMENT AND CONSULTING FEES IN 2010 TOTALING $23,045 AND NCST OWED HPN $1,238 AT YEAR END. MR. BLEDSOE IS ON THE BOARD OF DIRECTORS FOR HP DIRECT, INC (HPD). HPN HOLDS A MANAGEMENT CONTRACT WITH HPD, AND EARNED $307,203 IN 2010. HP DIRECT OWED HPN $83,419 AT DECEMBER 31, 2010. MR. BLEDSOE IS NOT COMPENSATED FOR HIS ROLES ON THE BOARD OF MANAGERS AND BOARDS OF DIRECTORS OF CSFP, HPIEX, HPF, HPV, NCST, AND HPD, RESPECTIVELY. LEXI TURNER- MS. TURNER IS A MEMBER OF THE STAFF OF HPN. IN 2010 SHE HELD THE POSITION OF VICE PRESIDENT, HOUSING PARTNERSHIP EXCHANGE. IN THAT POSITION SHE IS RESPONSIBLE FOR THE NETWORK'S BI-ANNUAL MEMBER MEETINGS AND PEER EXCHANGES, MANAGING THE START UP OF A MEMBER BENCHMARKING/DATA WAREHOUSE INITIATIVE. MS. TURNER'S COMPENSATION IS APPROVED BY THE CHAIRMAN OF THE BOARD. MR. BLEDSOE IS NOT PRESENT FOR THE DELIBERATIONS OR VOTE ON MS. TURNERS COMPENSATION. DON HINKLE-BROWN- DON HINKLE-BROWN IS A MEMBER OF THE BOARD OF HPN. HPN ADVANCED $15,000,000 OF A DEPARTMENT OF EDUCATION GRANT TO INITIALLY FUND THE CHARTER SCHOOL FINANCING PARTNERSHIP, LLC (CSFP). MR. HINKLE-BROWN IS ALSO A MEMBER OF THE CSFP BOARD OF MANAGERS. HPN ALSO HOLDS MANAGEMENT CONTRACTS WITH CSFP MANAGEMENT FEE REVENUE EARNED BY HPN FROM CSFP DURING 2010 WAS $127,540. HPN ALSO ADVANCED $155,780 TO CSFP FOR STARTUP LEGAL AND CONSULTING EXPENSES. CSFP OWED HPN $47,067 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MR. HINKLE BROWN IS ALSO A MEMBER OF THE HOUSING PARTNERSHIP VENTURES, INC.(HPV) AND THE HOUSING PARTNERSHIP FUND, INC. (HPF) BOARDS OF DIRECTORS. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPV WAS $93,114 DURING 2010. HPV OWED HPN $25,350 AS OF DECEMBER 31, 2010. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPF WAS $543,345 DURING 2010. HPF OWED HPN $152,731 AS OF DECEMBER 31, 2010. HPF HAS ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPF OWES HPN $1,250,000 AS OF DECEMBER 31, 2010. HPV HAS ALSO ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPV OWES HPN $1,000,000 AS OF DECEMBER 31, 2010. MR. HINKLE-BROWN IS NOT COMPENSATED FOR HIS ROLES ON THE BOARDS OF CSFP, HPV, HPN, OF HPF. LARRY SWANSON- LARRY SWANSON IS A MEMBER OF THE BOARD OF HPN AND BECAME THE CHAIR IN JUNE 2010. HPN HOLDS MANAGEMENT CONTRACTS WITH HOUSING PARTNERSHIP INSURANCE EXCHANGE (HPIEX) MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPIEX DURING 2010 WAS $506,795. MR. SWANSON IS ALSO A MEMBER OF THE HPIEX BOARD OF DIRECTORS. AS OF DECEMBER 31, 2010, HPIEX OWED HPN $142,892 FOR MANAGEMENT FEES. MR. SWANSON IS NOT COMPENSATED FOR HIS ROLE ON THE BOARD OF DIRECTORS OF HPIEX. MARY TINGERTHAL- MARY TINGERTHAL IS PRESIDENT, CAPITAL MARKETS OF THE HOUSING PARTNERSHIP NETWORK (HPN) WHICH HOLDS MANAGEMENT CONTRACTS WITH CHARTER SCHOOL FINANCING PARTNERSHIP LLC. (CSFP) MS. TINGERTHAL IS THE PRESIDENT OF CSFP. MANAGEMENT FEE REVENUE EARNED BY HPN FROM CSFP DURING 2010 WAS $127,540. HPN ADVANCED $15,000,000 OF A DEPARTMENT OF EDUCATION GRANT TO INITIALLY FUND CSFP. HPN ALSO ADVANCED $155,780 TO CSFP FOR STARTUP LEGAL AND CONSULTING EXPENSES. CSFP OWED HPN $47,067 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MS. TINGERTHAL IS NOT COMPENSATED FOR HER ROLE AS THE PRESIDENT OF CSFP. KATHLEEN FARRELL- KATHLEEN FARRELL IS VP FINANCE OF THE HOUSING PARTNERSHIP NETWORK (HPN) WHICH HOLDS MANAGEMENT CONTRACTS WITH CHARTER SCHOOL FINANCING PARTNERSHIP LLC. (CSFP) MS. FARRELL IS AN OFFICER OF CSFP. MANAGEMENT FEE REVENUE EARNED BY HPN FROM CSFP DURING 2010 WAS $127,540. HPN ADVANCED $15,000,000 OF A DEPARTMENT OF EDUCATION GRANT TO INITIALLY FUND CSFP. HPN ALSO ADVANCED $155,780 TO CSFP FOR STARTUP LEGAL AND CONSULTING EXPENSES. CSFP OWED HPN $47,067 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MS. FARRELL IS NOT COMPENSATED FOR HER ROLE AS AN OFFICER OF THE CSFP BOARD. ANNIE DONOVAN- ANNIE DONOVAN IS A MEMBER OF THE BOARD OF HPN AND BECAME VICE CHAIR IN JUNE 2010. HPN ADVANCED $15,000,000 OF A DEPARTMENT OF EDUCATION GRANT TO INITIALLY FUND THE CHARTER SCHOOL FINANCING PARTNERSHIP, LLC (CSFP). MS. DONOVAN IS ALSO THE CHAIR OF THE CSFP BOARD OF MANAGERS. HPN ALSO HOLDS MANAGEMENT CONTRACTS WITH CSFP MANAGEMENT FEE REVENUE EARNED BY HPN FROM CSFP DURING 2010 WAS $127,540. HPN ALSO ADVANCED $155,780 TO CSFP FOR STARTUP LEGAL AND CONSULTING EXPENSES. CSFP OWED HPN $47,067 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MS. DONOVAN IS NOT COMPENSATED FOR HER ROLE ON THE BOARD OF MANAGERS OF CSFP. JANET SAGLIO- JANET SAGLIO IS THE CFO AND EXECUTIVE VICE PRESIDENT OF BUSINESS OPERATIONS OF THE HOUSING PARTNERSHIP NETWORK (HPN) WHICH HOLDS MANAGEMENT CONTRACTS WITH HOUSING PARTNERSHIP INSURANCE EXHANGE (HPIEX). MS. SAGLIO IS THE TREASURER OF HPIEX. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPIEX DURING 2010 WAS $506,795. HPIEX OWED HPN $142,892 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MS. SAGLIO IS NOT COMPENSATED FOR HER ROLE AS AN OFFICER OF HPIEX. HPN HOLDS MANAGEMENT CONTRACTS WITH HOUSING PARTNERSHIP DIRECT (HPD). MS. SAGLIO IS THE TREASURER OF HPD. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPD DURING 2010 WAS $307,203. HPD OWED HPN $83,418 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MS. SAGLIO IS NOT COMPENSATED FOR HER ROLE AS AN OFFICER OF HPD. CHARLES WEHRWEIN- CHARLES WEHRWEIN IS PRESIDENT OF HOUSING PARTNERSHIP INSURANCE EXCHANGE (HPIEX) FOR HPN. HPN HOLDS MANAGEMENT CONTRACTS WITH HPIEX. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPIEX DURING 2010 WAS $506,795. AS OF DECEMBER 31, 2010, HPIEX OWED HPN $142,892 FOR MANAGEMENT FEES. MR. WEHRWEIN IS NOT COMPENSATED FOR HIS ROLE AS PRESIDENT OF HPIEX. HPN HOLDS MANAGEMENT CONTRACTS WITH HOUSING PARTNERSHIP DIRECT (HPD). MR. WEHRWEIN IS THE PRESIDENT OF HPD. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPD DURING 2010 WAS $307,203. HPD OWED HPN $83,418 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MR. WEHRWEIN IS NOT COMPENSATED FOR HIS ROLE AS AN OFFICER OF HPD. WILLIAM PERKINS- MR. PERKINS WAS CHAIR OF THE HPN BOARD OF DIRECTORS FOR PART OF THE YEAR AND THEN REMAINED A DIRECTOR FOR THE REMAINDER OF THE YEAR. MR. PERKINS IS ALSO A MEMBER OF THE HOUSING PARTNERSHIP VENTURES, INC.(HPV) AND THE HOUSING PARTNERSHIP FUND, INC. (HPF) BOARDS OF DIRECTORS. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPV WAS $93,114 DURING 2010. HPV OWED HPN $25,350 AS OF DECEMBER 31, 2010. MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPF WAS $543,345 DURING 2010. HPF OWED HPN $152,731 AS OF DECEMBER 31, 2010. HPF HAS ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPF OWES HPN $1,250,000 AS OF DECEMBER 31, 2010. HPV HAS ALSO ENTERED INTO A NOTE PAYABLE AGREEMENT WITH HPN. HPV OWES HPN $1,000,000 AS OF DECEMBER 31, 2010. MR. PERKINS IS NOT COMPENSATED FOR HIS ROLES ON THE BOARDS OF HPV, HPN, OF HPF. NANCY RASE- MS. RASE IS THE CHAIR OF HOUSING PARTNERSHIP DIRECT'S BOARD OF DIRECTORS. HPN HOLDS MANAGEMENT CONTRACTS WITH HOUSING PARTNERSHIP DIRECT (HPD). MANAGEMENT FEE REVENUE EARNED BY HPN FROM HPD DURING 2010 WAS $307,203. HPD OWED HPN $83,418 AS OF DECEMBER 31, 2010 FOR MANAGEMENT FEES. MS. RASE IS NOT COMPENSATED FOR HER ROLE AS AN OFFICER OF HPD.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.