Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 01-01-2012 , 2012, and ending 12-31-2012
BCheck if applicable:
CName of organization
WISCONSIN HOUSING PRESERVATION CORP
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
2 E MIFFLIN ST
Suite 801
Room/suite
City or town, state or country, and ZIP + 4
MADISON, WI537034270
D Employer identification number

30-0002040
E Telephone number

G Gross receipts $ 60,135,440
F Name and address of principal officer:
JOHN PETERSEN III
2 EAST MIFFLIN STREET 801
MADISON,WI537034270
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.whpccorp.org
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 2001
M State of legal domicile: WI
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO PRESERVE, PROVIDE AND PROTECT AFFORDABLE HOUSING FOR THE LOW AND MODERATE INCOME CITIZENS OF THE STATE OF WISCONSIN.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 9
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 8
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 0
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b  
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 28,318,780 22,589,810
9 Program service revenue (Part VIII, line 2g) ......... 16,958,998 15,382,375
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 12,242,329 5,945,893
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 57,520,107 43,918,078
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 91,000 91,750
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 39,351,801 35,355,358
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 39,442,801 35,447,108
19 Revenue less expenses. Subtract line 18 from line 12....... 18,077,306 8,470,970
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 244,790,263 262,871,202
21 Total liabilities (Part X, line 26)............. 159,979,700 169,625,231
22 Net assets or fund balances. Subtract line 21 from line 20..... 84,810,563 93,245,971
Part II
Signature Block
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 officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: WHPC ACQUIRES AND PRESERVES LOW-INCOME AND AFFORDABLE HOUSING IN WISCONSIN. THE MAJORITY OF THE HOUSING IS SUBSIDIZED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, U.S.D.A. RURAL DEVELOPMENT, FEDERAL AND STATE GRANTS AND OTHER HOUSING PROGRAMS.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 35,073,321 including grants of $   ) (Revenue $ 15,382,375 )
WHPC acquired 401 additional housing units in 2012, bringing the total low-income units in the portfolio to 6,600 at December 31, 2012, in which WHPC had full ownership or a limited interest in. The average household income for all units is $10,000. The average rent paid per month is $250. The average age of the elderly populated developments is 80.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet35,073,321
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If “Yes,” complete Schedule C, Part IIClick to see attachment........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C,
Part IIIClick to see attachment............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IXClick to see attachment............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions)....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II...
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J.......................
23
 
No
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........ Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................... Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II.......................... Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV..................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If “Yes,” complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............. Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
242
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
0
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
 
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
9
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
8
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
Yes
 
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
 
No
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
WI
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletDANIEL J O'CONNELL2 E MIFFLIN ST 801MADISONWI537034270 (608) 663-6390
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) ANN F WENZEL........................................................................
DIRECTOR
 1.5
........................3 		X           2,050 0  
(2) JOHN PETERSEN III........................................................................
PRESIDENT
 15.0
.......................1.5 		X   X       2,300 0 75,000
(3) ERBERT JOHNSON........................................................................
DIRECTOR
 2.0
........................2 		X           1,600 0  
(4) JAMES P CARTER........................................................................
DIRECTOR
 .5
........................2 		X           2,000 0  
(5) DAVID KRUGER........................................................................
VICE PRESIDENT
 3.0
........................2 		X   X       1,350 0  
(6) JAMES HOLT........................................................................
TREASURER/CHAIRMAN
 5.0
........................3 		X   X       4,800 0  
(7) DAVID STRELITZ........................................................................
DIRECTOR
 1.5
........................2 		X           650 0  
(8) RICHARD A HANSEN........................................................................
DIRECTOR
 2.0
........................2 		X           2,000 0  
(9) PAUL SENTY........................................................................
SECRETARY
 1.75
........................3 		X   X       0 0  
















Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;


























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 16,750 0 75,000
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet0
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
 
No
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ASTAR CAPITAL MANAGEMENT INC,   ASSET MANAGEMENT 4,364,554
CARDINAL CAPITAL MANAGEMENT INC,   PROPERTY MANAGEMENT 891,112
MERIDIAN GROUP,   PROPERTY MANAGEMENT 795,396
SVA CERTIFIED PUBLIC ACCOUNTANTS S,   AUDIT SERVICES 415,978
DOMINIUM,   PROPERTY MANAGEMENT 338,188
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet16
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 21,880,855
f All other contributions, gifts, grants, and
similar amounts not included above1f 		708,955
g Noncash contributions included in lines
1a-1f:$ 		982,275
h Total. Add lines 1a-1f.......MediumBullet 22,589,810
Program Service Revenue Business Code
2a TENANT RENT 900099 12,570,177 12,570,177    
b OTHER TENANT SERVICES 900099 559,772 559,772    
c DEVELOPMENT FEE INCOME 900099 2,252,426 2,252,426    
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 15,382,375
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 1,645,434     1,645,434
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss) 0 0
d Net rental income or (loss).......MediumBullet 0      
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 10,027,821 10,490,000
b Less: cost or other basis and sales expenses 10,176,423 6,040,939
c Gain or (loss) -148,602 4,449,061
d Net gain or (loss)..........MediumBullet 4,300,459     4,300,459
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 0
12 Total revenue. See Instructions......MediumBullet 43,918,078 15,382,375   5,945,893
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 0 0
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0 0
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0 0
4 Benefits paid to or for members 0 0
5 Compensation of current officers, directors, trustees, and key employees .... 91,750 0 91,750 0
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0 0 0 0
7 Other salaries and wages 0 0 0 0
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 0 0 0 0
9 Other employee benefits ....... 0 0 0 0
10 Payroll taxes ........... 0 0 0 0
11 Fees for services (non-employees):        
a Management ...... 0 0 0 0
b Legal ......... 198,494 177,979 20,515 0
c Accounting ........... 665,278 621,148 44,130 0
d Lobbying ........... 84,000 0 84,000 0
e Professional fundraising services. See Part IV, line 17 0 0
f Investment management fees ...... 529,590 529,590 0 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 30,000 0 30,000 0
12 Advertising and promotion .... 172,587 153,008 19,579 0
13 Office expenses ....... 452,057 429,856 22,201 0
14 Information technology ...... 0 0 0 0
15 Royalties .. 0 0 0 0
16 Occupancy ........... 16,227,207 16,227,207 0 0
17 Travel ............ 1,261 0 1,261 0
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0 0 0 0
19 Conferences, conventions, and meetings .... 21,588 21,588 0 0
20 Interest ........... 1,426,743 1,426,743 0 0
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 5,163,774 5,163,774 0 0
23 Insurance .............. 0      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a FINANCIAL EXPENSES 467,233 467,233 0 0
b ASSET MANAGEMENT FEES 3,731,815 3,731,815 0 0
c GENERAL & ADMINISTRATIVE 3,602,460 3,542,109 60,351 0
d TAXES & INSURANCE 361,386 361,386 0 0
e All other expenses 2,219,885 2,219,885    
25 Total functional expenses. Add lines 1 through 24e 35,447,108 35,073,321 373,787 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 13,485,031 1 15,849,662
2 Savings and temporary cash investments ......... 648,318 2 957,549
3 Pledges and grants receivable, net ........... 0 3 0
4 Accounts receivable, net ............. 2,134,638 4 3,640,400
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 24,617,053 7 26,794,006
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 791,584 9 786,465
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 208,083,595
b Less: accumulated depreciation ..... 10b 29,158,440 166,647,633 10c 178,925,155
11 Investments—publicly traded securities .......... 17,054,005 11 17,045,065
12 Investments—other securities. See Part IV, line 11 ..... 4,532 12 4,732
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 19,407,469 15 18,868,168
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 244,790,263 16 262,871,202
Liabilities 17 Accounts payable and accrued expenses ......... 3,512,531 17 3,036,825
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 91,964 19 87,878
20 Tax-exempt bond liabilities ............. 3,850,000 20 3,850,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 146,124,734 23 156,268,791
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 4,254
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 6,400,471 25 6,377,483
26 Total liabilities. Add lines 17 through 25......... 159,979,700 26 169,625,231
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 84,810,563 27 93,245,971
28 Temporarily restricted net assets ........... 0 28 0
29 Permanently restricted net assets ........... 0 29 0
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 84,810,563 33 93,245,971
34 Total liabilities and net assets/fund balances ........ 244,790,263 34 262,871,202
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
43,918,078
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
35,447,108
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
8,470,970
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
84,810,563
5
Net unrealized gains (losses) on investments ...............
5
-163,193
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
127,631
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
93,245,971
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
Yes
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

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.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
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
f
g
(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 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 monetary support
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 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) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
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            
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)..            
6 Public support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).            
12
12
 
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........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
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 ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 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) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 22,127,487 22,718,428 28,076,053 28,318,780 22,589,810 123,830,558
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...... 12,342,472 13,600,397 14,775,853 16,958,998 15,382,375 73,060,095
3 Gross receipts from activities that are not an unrelated trade or business under section 513..           0
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...           0
5 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
6 Total. Add lines 1 through 5. 34,469,959 36,318,825 42,851,906 45,277,778 37,972,185 196,890,653
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...           0
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.           0
c Add lines 7a and 7b..           0
8 Public support (Subtract line 7c from line 6.)           196,890,653
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6... 34,469,959 36,318,825 42,851,906 45,277,778 37,972,185 196,890,653
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 1,356,441 969,942 1,098,766 1,071,060 1,645,234 6,141,443
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.           0
c Add lines 10a and 10b. 1,356,441 969,942 1,098,766 1,071,060 1,645,234 6,141,443
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.           0
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..           0
13 Total support. (Add lines 9, 10c, 11, and 12.).. 35,826,400 37,288,767 43,950,672 46,348,838 39,617,419 203,032,096
14
Section C. Computation of Public Support Percentage
15
15
96.975 %
16
16
96.921 %
Section D. Computation of Investment Income Percentage
17
17
3.025 %
18
18
3.079 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and 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) 2012

Additional Data


Software ID:  
Software Version:  
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
2012
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
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 on line H of its
Form 990-EZ or on Part I, 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) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
WISCONSIN HOUSING PRESERVATION CORP
  		Employer identification number

30-0002040
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


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

     
 
   

$  


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

     
 
   

$  


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

     
 
   

$  


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

     
 
   

$  


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

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
WISCONSIN HOUSING PRESERVATION CORP
  		Employer identification number

30-0002040
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(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) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
WISCONSIN HOUSING PRESERVATION CORP
  		Employer identification number

30-0002040
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total 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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(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) (2012)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2012

Schedule C (Form 990 or 990-EZ) 2012
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) Total
             
2a Lobbying nontaxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots nontaxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2012


Schedule C (Form 990 or 990-EZ) 2012
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
No
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
 
No
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
84,000
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
 
No
 
j
Total. Add lines 1c through 1i ...............................
84,000
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
No
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered “No” OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2012

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ........          
c Net investment earnings, gains, and losses          
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ................. 23,018,768   23,018,768
b Buildings ................        
c Leasehold improvements ............        
d Equipment ................        
e Other ................. 185,064,827   29,158,440 155,906,387
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 178,925,155
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) TENANTS' SECURITY DEPOSITS 1,275,421
(2) FINANCING COSTS, NET 2,643,755
(3) ACQ/DEVELOPMENT IN PROGRESS 77,644
(4) ESCROW ACCOUNTS 13,730,051
(5) INTEREST RECEIVABLE 1,141,297




Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 18,868,168
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
TENANTS' SECURITY DEPOSITS 1,232,023
INTEREST RATE SWAP 5,145,460







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 6,377,483
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 49,619,276
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a -163,193
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 12,636,378
e Add lines 2a through 2d ..................... 2e 12,473,185
3 Subtract line 2e from line 1..................... 3 37,146,091
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b 6,771,987
c Add lines 4a and 4b....................... 4c 6,771,987
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 43,918,078
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1 48,368,811
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 12,921,703
e Add lines 2a through 2d...................... 2e 12,921,703
3 Subtract line 2e from line 1..................... 3 35,447,108
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 35,447,108
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
FORM 990 SCHEDULE D PART XI LINE 2D RECONCILIATION OF REVENUE - AMOUNTS INCLUDED ON BOOKS, NOT ON RETURN CHANGE IN VALUE OF INTEREST RATE SWAP - $127,631 + REVENUE FROM SUBSIDIARIES THAT FILE a separate tax return - $12,508,747 = $12,636,378.
FORM 990 SCHEDULE D PART XII LINE 2D RECONCILIATION OF EXPENSES - AMOUNTS INCLUDED ON BOOKS, NOT ON RETURN EXPENSES FROM SUBSIDIARIES THAT FILE a separate tax return - $12,921,703.
FORM 990 SCHEDULE D PART X LINE 2 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN PERIODS SUBJECT TO AUDIT FOR FEDERAL AND WISCONSIN PURPOSES ARE GENERALLY THE PREVIOUS THREE AND FOUR YEARS OF TAX RETURNS FILED, RESPECTIVELY. THERE WERE NO INTEREST AND PENALTIES RECORDED FOR THE YEAR ENDED DECEMBER 31, 2012.
FORM 990 SCHEDULE D PART VI LINE 1 DETERMINATION OF BREAK-OUT OF A/D & EXPENSE DUE TO CONSOLIDATED AUDIT SINCE THE FORM 990 IS PREPARED ON A CONSOLIDATED BASIS, MANAGEMENT IS UNABLE TO DETERMINE THE BREAK-OUT OF ACCUMULATED DEPRECIATION AND DEPRECIATION EXPENSE BETWEEN LAND IMPROVEMENTS, BUILDING AND FURNISHINGS AND FIXTURES. THEREFORE, ACCUMULATED DEPRECIATION AND DEPRECIATION EXPENSE ARE SHOWN IN TOTAL in part VI, line 1e, other, ON SCHEDULE D.
FORM 990 SCHEDULE D PART XI LINE 4B RECONCILIATION OF REVENUE - AMOUNTS INCLUDED ON RETURN, NOT ON BOOKS DEVELOPMENT FEE INCOME ELIMINATED IN AUDITED FINANCIAL STATEMENTS - $2,252,426 + GAIN ON SALE OF ASSETS ELIMINATED IN AUDITED FINANCIAL STATEMENTS - $4,519,361 + INCOME ON INVESTMENTS IN LPS ELIMINATED IN AUDITED FINANCIAL STATEMENTS - $200 = $6,771,987
Schedule D (Form 990) 2012

Additional Data


Software ID:  
Software Version:  




Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number
30-0002040
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A COMMUNITY DEVELOPMENT AUTHORITY OF CITY OF MADISON
  		39-6000968 558454GZ1 05-26-2005 3,850,000 ACQ. & REHAB. VARIOUS PROJECTS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 0      
2 Amount of bonds legally defeased . . . . . . . . . . . 0      
3 Total proceeds of issue . . . . . . . . . . . . . . 0      
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0      
5 Capitalized interest from proceeds . . . . . . . . . . . 0      
6 Proceeds in refunding escrows . . . . . . . . . . . . 0      
7 Issuance costs from proceeds . . . . . . . . . . . . 0      
8 Credit enhancement from proceeds . . . . . . . . . . . 0      
9 Working capital expenditures from proceeds . . . . . . . . . 0      
10 Capital expenditures from proceeds . . . . . . . . . . . 0      
11 Other spent proceeds . . . . . . . . . . . . . . 0      
12 Other unspent proceeds . . . . . . . . . . . . . . 0      
13 Year of substantial completion . . . . . . . . . . . . 2005
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . .   X            
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X            
16 Has the final allocation of proceeds been made? . . . . . . . . X              
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X              
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X            
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X            
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .   X            
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . . . . . . . . . . . .                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X            
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0%   %   %   %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet   %   %   %   %
6 Total of lines 4 and 5 . . . . . . . . . . . . . . .   %   %   %   %
7 Does the bond issue meet the private security or payment test? . . . . .   X            
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X            
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of.   %   %   %   %
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X            
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
  X            
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X            
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X            
b Exception to rebate? . . . . . . . .   X            
c No rebate due? . . . . . . . . . .
  X            
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . . X              
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X            
b Name of provider . . . . . . . . . 0
  		 
  		 
  		 
 
c Term of hedge . . . . . . . . . .        
d Was the hedge superintegrated? . . . . . .   X            
e Was a hedge terminated? . . . . . . .   X            
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .   X            
b Name of provider . . . . . . . . . 0
  		 
  		 
  		 
 
c Term of GIC . . . . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .                
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X            
7 Has the organization established written procedures to monitor the requirements of section 148? . . .   X            
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?   X            
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
Schedule K (Form 990) 2012

Additional Data


Software ID:  
Software Version:  

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501(c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2012
Schedule L (Form 990 or 990-EZ) 2012
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) BANK MUTUAL SEE PART V 1,036,974 SEE PART V   No
(2) PARK BANK SEE PART V 23,317 SEE PART V   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
BANK MUTUAL   Green Bay Senior Apartments-Morrow, LLC, Permanent Loan (a) James P. Carter (b) James P. Carter is a member of the Wisconsin Housing Preservation Corp. Board of Directors and is also the Vice President and Secretary of Bank Mutual Corporation. Bank Mutual Corporation is a financial holding company that provides banking and investment services through its wholly owned subsidiary Bank Mutual. Mr. Carter is also the Secretary and General Counsel of Bank Mutual. Wisconsin Housing Preservation Corp. is the sole member of WHPC-Green Bay Senior Apartments, LLC, which is the Managing Member of Green Bay Senior Apartments-Morrow, LLC. (c) Bank Mutual provided Green Bay Senior Apartments-Morrow, LLC with a permanent loan in the amount of $1,590,000.00. In 2012, Green Bay Senior Apartments-Morrow, LLC paid Bank Mutual interest on the permanent loan totaling $111,027. The Wisconsin Housing Preservation Corp. Board of Directors approved the transaction. (d) Green Bay Senior Apartments-Morrow, LLC obtained from Bank Mutual a $1,590,000.00 permanent loan for the 70 unit low income multifamily housing project located in Green Bay, Wisconsin (the "Project"). The loan terms are consistent with the terms offered by other lenders. Green Bay Senior Apartments-Morrow, LLC's legal counsel assisted with negotiating the loan terms. As security for the loan, Green Bay Senior Apartments-Morrow, LLC granted to Bank Mutual a first mortgage on the Project. (e) No. WHPC-Hampton Regency, LLC, Refinancing Loan (a) James P. Carter (b) James P. Carter is a member of the Wisconsin Housing Preservation Corp. Board of Directors and is also the Vice President and Secretary of Bank Mutual Corporation. Bank Mutual Corporation is a financial holding company that provides banking and investment services through its wholly owned subsidiary Bank Mutual. Mr. Carter is also the Secretary and General Counsel of Bank Mutual. Wisconsin Housing Preservation Corp. is the sole member of WHPC-Hampton Regency MM, LLC, which is a Managing Member of WHPC-Hampton Regency, LLC. (c) Bank Mutual provided WHPC-Hampton Regency, LLC, with a $4,380,000.00 permanent loan. In 2012, WHPC-Hampton Regency, LLC paid Bank Mutual interest on the permanent loan totaling $255,213. The Wisconsin Housing Preservation Corp. Board of Directors approved the transaction. (d) WHPC-Hampton Regency, LLC obtained from Bank Mutual a $4,380,000.00 permanent loan to permit the Borrower to refinance a construction loan on a 120 unit low income multifamily housing project located in Butler, Wisconsin (the "Project"). The loan terms are consistent with the terms offered by other lenders. WHPC-Hampton Regency, LLC's legal counsel assisted with negotiating the loan terms. As security for the loan, WHPC-Hampton Regency, LLC granted to Bank Mutual a first mortgage on the Project. (e) No. WHPC-Western Wisconsin Portfolio Acquisition Loan (a) James P. Carter (b) James P. Carter is a member of the Wisconsin Housing Preservation Corp. Board of Directors and is also the Vice President and Secretary of Bank Mutual Corporation. Bank Mutual Corporation is a financial holding company that provides banking and investment services through its wholly owned subsidiary Bank Mutual. Mr. Carter is also the Secretary and General Counsel of Bank Mutual. Wisconsin Housing Preservation Corp. is the sole member of WHPC-Washburn County, LLC; WHPC-St. Croix County II, LLC; and WHPC-Dunn County (collectively, "Borrower"). (c) Bank Mutual provided Borrower with a permanent loan in the amount of $7,660,000. In 2012, Borrower paid Bank Mutual interest on the loan totaling $401,872. (d) Borrower obtained from Bank Mutual a $7,660,000 permanent loan to finance the acquisition of scattered-site projects (located in three different counties in Wisconsin) commonly referred to as Tiffany Street Apartments, Riverview Apartments, Valley View Apartments, Pine Ridge Apartments, Morningside Apartments, Hillcrest Apartments, Glen Park Manor Apartments, Westview Apartments, Buena Vista Apartments, Plaza Village Apartments, Fair Meadows Apartments, Monette Townhomes, Hilltop Manor Family Apartments and Hilltop Manor Apartments located in various communities in St. Croix, Dunn and Washburn Counties, Wisconsin (collectively, the "Projects"). The loan terms are consistent with the terms offered by other lenders. The Borrower's legal counsel assisted with negotiating the loan terms. As security for the loan, the Borrower granted to Bank Mutual a first mortgage on the Projects. The Wisconsin Housing Preservation Corp. Board of Directors approved the transaction. (e) No. Scoville Center, LLC, Permanent Financing Loan (a) James P. Carter (b) James P. Carter is a member of the Wisconsin Housing Preservation Corp. Board of Directors and is also the Vice President and Secretary of Bank Mutual Corporation. Bank Mutual Corporation is a financial holding company that provides banking and investment services through its wholly owned subsidiary Bank Mutual. Mr. Carter is also the Secretary and General Counsel of Bank Mutual. Wisconsin Housing Preservation Corp. is the sole member of WHPC-Scoville Center, LLC, which is a Managing Member of Scoville Center, LLC. (c) Bank Mutual provided Scoville Center, LLC with a $4,270,000.00 permanent loan to refinance a construction loan on a 151 unit low income multifamily housing project located in Beloit, Wisconsin (the "Project"). In 2012, Scoville Center, LLC paid Bank Mutual interest on the loan totaling $232,612. (d) The loan terms are consistent with the terms offered by other lenders. Scoville Center, LLC's legal counsel assisted with negotiating the loan terms. As security for the loan, Scoville Center, LLC granted to Bank Mutual a first mortgage on the Project. The Wisconsin Housing Preservation Corp. Board of Directors approved the transaction. (e) No. Green Bay Family Apartments, LLC, Construction Financing Loan (a) James P. Carter (b) James P. Carter is a member of the Wisconsin Housing Preservation Corp. Board of Directors and is also the Vice President and Secretary of Bank Mutual Corporation. Bank Mutual Corporation is a financial holding company that provides banking and investment services through its wholly owned subsidiary Bank Mutual. Mr. Carter is also the Secretary and General Counsel of Bank Mutual. Wisconsin Housing Preservation Corp. is the sole member of WHPC-Green Bay Family MM, LLC, which is a Managing Member of Green Bay Family Apartments, LLC. (c) Bank Mutual provided Green Bay Family Apartments, LLC with a $7,250,000.00 loan to acquire and rehabilitate a 120 unit low income multifamily housing project located in Green Bay, Wisconsin (the "Project"). In 2012, Green Bay Family Apartments, LLC paid Bank Mutual interest on the loan and an origination fee totaling $36,250. (d) The loan terms are consistent with the terms offered by other lenders. Green Bay Family Apartments, LLC's legal counsel assisted with negotiating the loan terms. As security for the loan, Green Bay Family Apartments, LLC granted to Bank Mutual a first mortgage on the Project. The Wisconsin Housing Preservation Corp. Board of Directors approved the transaction. (e) No. TOTAL FEES PAID TO BANK MUTUAL IN 2012: $1,036,974
PARK BANK   Madison Duplexes Permanent Financing Loan (a) Paul Senty (b) Paul Senty is an officer and member of the Wisconsin Housing Preservation Corp. Board of Directors and is also the Executive Vice President and Corporate Counsel of Park Bank. Wisconsin Housing Preservation Corp. is the sole member of WHPC-Madison Properties, LLC. (c) Park Bank provided WHPC-Madison Properties, LLC with a permanent loan in the amount of $380,800. In 2012, Borrower paid Park Bank interest on the loan totaling $23,317. This loan was paid in full on October 19, 2012. (d) WHPC-Madison Properties, LLC ("Borrower") obtained from Park Bank a $380,800 loan permit the Borrower to acquire residential duplex properties located at 1418-1420 Theresa Terrace, Madison, Wisconsin, and 1209-1211 South Thompson Drive, Madison, Wisconsin (collectively, the "Project"). The loan terms are consistent with the terms offered by other lenders. The Borrower's legal counsel assisted with negotiating the loan terms. As security for the loan, the Borrower granted to Park Bank a first mortgage on the Project. The Wisconsin Housing Preservation Corp. Board of Directors approved the transaction. (e) No. TOTAL FEES PAID TO PARK BANK IN 2012: $23,317
Schedule L (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .        
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ... X 1 700,000 FAIR MARKET VALUE
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( ENERGY EFFICIENT PRODUCTS ) X 2 282,275 FAIR MARKET VALUE
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
1
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
 
No
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2012)
Schedule M (Form 990) (2012)
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
Schedule M (Form 990) (2012)
Additional Data


Software ID:  
Software Version:  
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.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
Identifier Return Reference Explanation
FORM 990 PART VI, LINE 3 ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES WHPC CONTRACTS WITH ASTAR CAPITAL MANAGEMENT, INC., THE MANAGEMENT COMPANY, TO MANAGE ALL OF THE REAL ESTATE ACTIVITY OF WHPC AND TO OTHERWISE SERVE AS WHPC'S ASSET MANAGER.
FORM 990 PART VI, LINE 11B PROCESS USED TO REVIEW FORM 990 THE FORM 990 IS REVIEWED BY ASTAR CAPITAL MANAGEMENT, INC. (THE MANAGEMENT COMPANY), THE BOARD OF DIRECTORS, AND THE PRESIDENT OF WHPC PRIOR TO FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE.
FORM 990 PART VI, LINE 19 DESCRIBE HOW ORGANIZATION MAKES GOVERNING DOCUMENTS AVAILABLE TO PUBLIC GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990 PART VI, LINE 12C CONFLICT OF INTEREST POLICY THE PRESIDENT OF THE BOARD OF DIRECTORS IS DIRECTLY INVOLVED WITH PROPOSED OR ONGOING TRANSACTIONS AND MONITORS ANY POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, WHPC BOARD MEMBERS COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE 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 VII, LINE 1A(2), COLUMN F DESCRIPTION OF JOHN PETERSEN, III'S OTHER COMPENSATION JP III, INC., A PERSONAL SERVICE CORPORATION 100% OWNED BY JOHN PETERSON, III, IS PAID $75,000 BY THE ORGANIZATION FOR SERVICES RENDERED BY JOHN PETERSEN, III AS PRESIDENT OF THE ORGANIZATION.
FORM 990 PART X, LINE 23 SECURED MORTGAGES AND NOTES PAYABLE - SECURITY PROVIDED LENDER: STATE OF WISCONSIN, HOME INVESTMENT PART SECURITY PROVIDED: RENTAL PROPERTIES OF GROVE STREET PROJECT, DIAMOND VIEW PROJECT, DIAMOND EDGE PROJECT, NEILLSVILLE I PROJECT, NEILLSVILLE II PROJECT, AND EAGLE PINE PROJECT. LENDER: JOHNSON BANK SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF WITTWER PROJECT. LENDER: PARK BANK SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF MADISON PROPERTIES PROJECT. LENDER: THE BANK OF NEW GLARUS SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF BRODVIEW PROJECT. LENDER: FIRST BUSINESS BANK SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF PORT PLAZA TOWERS, WHPC MENOMONEE FALLS, WHPC RM, GATEWAY-WAUPUN, AND MAPLE RIDGE-REEDSBURG PROJECTS. LENDER: ENTERPRISE BANK SECURITY PROVIDED: FIRST MORTGAGES ON RENTAL PROPERTY OF CAPITOL CENTRE PROJECT. LENDER: RIVER VALLEY BANK SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF RHINE HAUS & HIGHLAND ESTATES PROJECT. LENDER: FIRST CITIZENS STATE BANK SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF WALWORTH APARTMENTS PROJECT. LENDER: WPS COMMUNITY BANK SECURITY PROVIDED: FIRST MORTGAGE ON RENTAL PROPERTY OF RICE LAKE-WOODLAND VILLAGE PROJECT.
FORM 990 PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF INTEREST RATE SWAP: $127,631
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
WISCONSIN HOUSING PRESERVATION CORP
 
Employer identification number

30-0002040
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) WHPC-CLEVELAND TERRACE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0144793 		LOW-INC HSG WI 214,701 880,507 FILING ORG
 
(2) WHPC-EDGEWOOD MANOR LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0144796 		LOW-INC HSG WI 420,691 1,918,923 FILING ORG
 
(3) WHPC-KENNEDY HEIGHTS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0144797 		LOW-INC HSG WI 1,217,544 5,670,205 FILING ORG
 
(4) WHPC-MAIN STREET GARDENS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0144792 		LOW-INC HSG WI 240,116 1,018,687 FILING ORG
 
(5) WHPC-EDGEWATER LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-5834618 		LOW-INC HSG WI 346,326 1,376,153 FILING ORG
 
(6) WHPC-LAKE FOREST LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-5834691 		LOW-INC HSG WI 545,024 2,550,715 FILING ORG
 
(7) WHPC-GROVE STREET LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0002040 		LOW-INC HSG WI 73,364 491,703 FILING ORG
 
(8) WHPC-RIVER OAKS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1302341 		LOW-INC HSG WI 395,241 2,791,513 FILING ORG
 
(9) WHPC-ROCKWELL COURT LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1302300 		LOW-INC HSG WI 494,288 2,682,490 FILING ORG
 
(10) WHPC-STATEWIDE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-5834554 		LOW-INC HSG WI 1,588,423 10,641,617 FILING ORG
 
(11) WHPC-BLACK CREEK LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354966 		LOW-INC HSG WI 0 0 FILING ORG
 
(12) WHPC-DODGE COUNTY HORICON LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-2675576 		LOW-INC HSG WI 128,142 703,509 FILING ORG
 
(13) WHPC-DODGE COUNTY MAYVILLE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-2807133 		LOW-INC HSG WI 215,348 1,099,450 FILING ORG
 
(14) WHPC-DODGE COUNTY WAUPUN LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-2809665 		LOW-INC HSG WI 337,841 1,879,412 FILING ORG
 
(15) WHPC-GALESVILLE GREENS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354783 		LOW-INC HSG WI 0 0 FILING ORG
 
(16) WHPC-GREENVIEW LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354842 		LOW-INC HSG WI 0 0 FILING ORG
 
(17) WHPC-HARVEST VIEW LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354866 		LOW-INC HSG WI 0 0 FILING ORG
 
(18) WHPC-JOHNSON CREEK LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1961908 		LOW-INC HSG WI 206,941 1,201,673 FILING ORG
 
(19) WHPC-MONTICELLO LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-3582247 		LOW-INC HSG WI 139,056 648,696 FILING ORG
 
(20) WHPC-NORTHERN LIGHTS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354900 		LOW-INC HSG WI 0 0 FILING ORG
 
(21) WHPC-POPLAR LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354943 		LOW-INC HSG WI 0 0 FILING ORG
 
(22) WHPC-SHELL LAKE SHORES LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1355025 		LOW-INC HSG WI 0 0 FILING ORG
 
(23) WHPC-THOUSAND OAKS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1355043 		LOW-INC HSG WI 0 0 FILING ORG
 
(24) WHPC-VALLEY VIEW LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354925 		LOW-INC HSG WI 0 0 FILING ORG
 
(25) WHPC-WILLOWBROOK LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1775147 		LOW-INC HSG WI 461,457 2,565,561 FILING ORG
 
(26) WHPC-DOMINIUM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
13-4306253 		LOW-INC HSG WI 3,910,946 21,308,466 FILING ORG
 
(27) WHPC-MMM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
42-1664322 		LOW-INC HSG WI 2,774,658 13,627,240 FILING ORG
 
(28) WHPC-DWR LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-2626650 		LOW-INC HSG WI 1,453,489 7,105,238 FILING ORG
 
(29) WHPC-GREENWOOD MANOR LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-3367587 		LOW-INC HSG WI 375,143 1,828,257 FILING ORG
 
(30) WHPC-GPM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-2626693 		LOW-INC HSG WI 1,064,951 6,041,481 FILING ORG
 
(31) WHPC-EAE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-2626756 		LOW-INC HSG WI 970,833 6,808,139 FILING ORG
 
(32) WHPC-OAKVIEW MANOR LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
80-0331395 		LOW-INC HSG WI 763,420 2,988,811 FILING ORG
 
(33) WHPC-WAUSAU I LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1799512 		LOW-INC HSG WI 577,544 3,923,969 FILING ORG
 
(34) WHPC-WAUSAU II LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1799492 		LOW-INC HSG WI 348,497 2,052,867 FILING ORG
 
(35) WHPC-UNIVERSITY GARDENS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-5725256 		LOW-INC HSG WI 833,137 4,800,796 FILING ORG
 
(36) WHPC-LINCOLN SCHOOL LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-0211139 		LOW-INC HSG WI 362,593 1,621,194 FILING ORG
 
(37) WHPC-LA CORONA LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-8717068 		LOW-INC HSG WI 0 0 FILING ORG
 
(38) WHPC-EAST TERRACE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-0725134 		LOW-INC HSG WI 1,014,676 7,020,778 FILING ORG
 
(39) WHPC-NEILLSVILLE I LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-2755834 		LOW-INC HSG WI 203,788 1,167,956 FILING ORG
 
(40) WHPC-NEILLSVILLE II LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-2755908 		LOW-INC HSG WI 182,729 956,513 FILING ORG
 
(41) WHPC-NEILLSVILLE III LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-2755947 		MRK RT HSG WI 142,606 721,699 FILING ORG
 
(42) WHPC-DUNN COUNTY LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-3928392 		LOW-INC HSG WI 462,214 1,973,235 FILING ORG
 
(43) WHPC-STCROIX COUNTY II LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-3928408 		LOW-INC HSG WI 999,263 6,219,278 FILING ORG
 
(44) WHPC-WASHBURN COUNTY LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-3928416 		LOW-INC HSG WI 206,730 1,095,288 FILING ORG
 
(45) WHPC-MADISON PROPERTIES LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
27-0852816 		MRK RT HSG WI 41,271 430,008 FILING ORG
 
(46) WHPC-CENTRAL WI WEST LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-2896253 		LOW-INC HSG WI 135,877 1,303,133 FILING ORG
 
(47) WHPC-BRODHEAD LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
27-1338397 		LOW-INC HSG WI 219,826 855,641 FILING ORG
 
(48) WHPC-SHELTER LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
27-0650527 		LOW-INC HSG WI 643,931 8,392,840 FILING ORG
 
(49) WHPC - CAPITOL CENTRE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
27-2377250 		LOW-INC HSG WI 2,441,259 20,540,547 FILING ORG
 
(50) WHPC - GREAT RIVER LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354996 		LOW-INC HSG WI 0 0 FILING ORG
 
(51) WHPC - SPRUCE MEADOWS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
20-1354815 		LOW-INC HSG WI 0 0 FILING ORG
 
(52) WHPC - ST CROIX COUNTY I LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-3928399 		LOW-INC HSG WI 289,040 2,198,191 FILING ORG
 
(53) WHPC - CENTRAL WI EAST LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-2896203 		LOW-INC HSG WI 189,020 1,432,900 FILING ORG
 
(54) OWEN-WITHEE PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1674609 		LOW-INC HSG WI 95,060 633,866 FILING ORG
 
(55) GALESVILLE GREENS APTS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1653187 		LOW-INC HSG WI 141,539 1,068,243 FILING ORG
 
(56) PEPIN PARTNERS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1701872 		LOW-INC HSG WI 37,878 323,193 FILING ORG
 
(57) GREENVIEW APT - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1638365 		LOW-INC HSG WI 47,838 367,501 FILING ORG
 
(58) GOODMAN PARTNERS LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1704231 		LOW-INC HSG WI 41,020 391,460 FILING ORG
 
(59) HAYWARD PARTNERS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1674603 		LOW-INC HSG WI 124,602 990,469 FILING ORG
 
(60) OWEN PARTNERS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1712654 		LOW-INC HSG WI 60,695 444,567 FILING ORG
 
(61) SHELL LAKE PARTNERS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1674611 		LOW-INC HSG WI 87,394 673,752 FILING ORG
 
(62) GREENWOOD PARTNERS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1700153 		LOW-INC HSG WI 44,157 350,913 FILING ORG
 
(63) THOUSAND OAKS APTS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
39-1638364 		LOW-INC HSG WI 242,735 2,125,156 FILING ORG
 
(64) MCGREGOR PARTNERS - LTD PARTNERSHIP
2 E MIFFLIN STREET 801
MADISON,WI53703
42-1363796 		LOW-INC HSG WI 75,170 438,130 FILING ORG
 
(65) WHPC-HOWARD WOODS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0002040 		LOW-INC HSG WI 0 0 FILING ORG
 
(66) WHPC-MCKINLEY HOLDINGS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-2731132 		LOW-INC HSG WI 6 168 FILING ORG
 
(67) WHPC-MCKINLEY GARDENS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0144783 		LOW-INC HSG WI 0 0 FILING ORG
 
(68) WHPC-GREEN BAY SENIOR APARTMENTS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-3984002 		LOW-INC HSG WI -62 61 FILING ORG
 
(69) SHELTER WI PROPERTIES LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
27-0650578 		LOW-INC HSG WI 0 0 FILING ORG
 
(70) WHPC-LA CORONA MM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
45-2492290 		LOW-INC HSG WI -5 96 FILING ORG
 
(71) WHPC-NIBP PORTFOLIO MM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
45-3244435 		LOW-INC HSG WI 11 115 FILING ORG
 
(72) WHPC-WALWORTH MM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
26-3984214 		LOW-INC HSG WI 0 101 FILING ORG
 
(73) WHPC FINANCIAL SERVICES
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0002040 		LOW-INC HSG WI 0 0 FILING ORG
 
(74) WHPC-PRESERVATION ASSOCIATES LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
30-0002040 		LOW-INC HSG WI 0 0 FILING ORG
 
(75) WHPC-MENOMONEE FALLS LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
45-4680004 		LOW-INC HSG WI 410,667 4,597,119 FILING ORG
 
(76) WHPC-RM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
45-4301754 		LOW-INC HSG WI 1,162,538 10,363,538 FILING ORG
 
(77) WHPC-GATEWAY-WAUPUN LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
80-0847743 		LOW-INC HSG WI 85,215 2,090,063 FILING ORG
 
(78) WHPC-MAPLE RIDGE-REEDSBURG LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
46-0923319 		LOW-INC HSG WI 81,790 2,079,772 FILING ORG
 
(79) WHPC-RICE LAKE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
46-1454269 		LOW-INC HSG WI 3,769 774,246 FILING ORG
 
(80) WHPC-PHOENIX-PORTAGE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
46-1246721 		LOW-INC HSG WI 6,463 1,162,019 FILING ORG
 
(81) WHPC-PARKSIDE-GLENDALE LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
46-1457909 		LOW-INC HSG WI 0 0 FILING ORG
 
(82) WHPC-GREEN BAY FAMILY MM LLC
2 E MIFFLIN STREET 801
MADISON,WI53703
45-5383266 		LOW-INC HSG WI 1 101 FILING ORG
 
Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) WHITEWATER MANOR INC

2 EAST MIFFLIN STREET 801

MADISON,WI53703
39-2011157 		LOW-INC HSG WI 501(C)(3) 9 NA
 
Yes
 
(2) ASSISI HOMES - HOWARD WOODS INC

2 EAST MIFFLIN STREET 801

MADISON,WI53703
39-1776611 		LOW-INC HSG WI 501(C)(3) 9 NA
 
Yes
 
(3) OAKFIELD HOUSING INC

2 E MIFFLIN STREET 801

MADISON,WI53703
39-1877014 		LOW-INC HSG WI 501(C)(3) 9 NA
 
Yes
 








For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) WHPC - SHELTER DEVELOPMENT LLC

2 E MIFFLIN STREET 801
MADISON,WI53703
45-4743361 		LOW-INC HSG WI FILING ORG
  		RELATED       No 0 Yes   99.000 %












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) WHPC - HAMPTON REGENCY MM LLC

2 E MIFFLIN STREET 801
MADISON,WI53703
27-3022588 		LOW-INC HSG WI FILING ORG
  		C CORP 19,256 165,633 100.000 % Yes  
(2) WHPC - SCOVILLE CENTER LLC

2 E MIFFLIN STREET 801
MADISON,WI53703
20-8544081 		LOW-INC HSG WI FILING ORG
  		C CORP 76,327 25,967 100.000 % Yes  










Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) OAKFIELD HOUSING INC

 A 2,161 RECEIPT OF CHK





Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under section 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
ENTITIES DISSOLVED IN 2012 FORM 990 SCHEDULE R PART I THE FOLLOWING ENTITIES WERE DISSOLVED IN 2012 AND ARE NO LONGER REPORTED ON SCHEDULE R, PART I: WHPC - Baldwin, LLC 26-3692323 WHPC - Beaver Dam, LLC 27-2810372 WHPC - Calumet County, LLC 27-2024705 WHPC - Clear Lake, LLC 20-2626825 WHPC - Markesan, LLC 26-4536913 WHPC - Owen Heights, LLC 20-2626798 WHPC - Waushara Villages, LLC 20-5834759
WHPC-PRW, LLC FORM 990 SCHEDULE R PART I WHPC-PRW, LLC WAS SET-UP IN 2011 TO ACQUIRE the Gateway-Waupun, Maple Ridge-Reedsburg, & Phoenix-Portage projects. IT was later decided to set-up separate LEGAL entities for these projects. WHPC - PRW, LLC changed its name to WHPC - Phoenix-Portage, LLC.

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