TY 2013 Form 990

(A) Name and business address	(B) Description of services	(C) Compensation
KEYSTONE RISK MANAGEMENT1221 STATE ROUTE 121LINCOLNIL62656	INSURANCE	761,963
DAUBY O'CONNOR & ZALESKI LLC501 CONGRESSIONAL BLVD STE 300CARMELIN46032	ACCOUNTING FEES	279,811
RURAL HOUSING CONSULTANTS6260 E RIVERSIDE BLVD 353LOVES PARKIL61111	CONSULTING FEES	240,000
REINHART BOERNER VAN DEUREN SC1000 NORTH WATER STREET SUITE 1700MILWAUKEEWI53202	LEGAL FEES	187,856

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 4

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	2,156,606	1	2,325,579
2	Savings and temporary cash investments .........		2
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............	435,755	4	1,195,004
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
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
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........		9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	103,368,859
b	Less: accumulated depreciation .....	10b	55,221,985	37,397,080	10c	48,146,874
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....	585,428	12	-1,015,447
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	15,259,036	15	18,395,080
16	Total assets. Add lines 1 through 15 (must equal line 34)......	55,833,905	16	69,047,090
	17	Accounts payable and accrued expenses .........	219,822	17	343,458
18	Grants payable .................		18
19	Deferred revenue ................	15,357	19	44,673
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
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..........	3,225,000	22
23	Secured mortgages and notes payable to unrelated third parties ..	50,666,438	23	61,912,598
24	Unsecured notes and loans payable to unrelated third parties ....		24
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....................	1,026,129	25	3,896,696
26	Total liabilities. Add lines 17 through 25.........	55,152,746	26	66,197,425
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	681,159	27	2,849,665
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here 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 ...........	681,159	33	2,849,665
34	Total liabilities and net assets/fund balances ........	55,833,905	34	69,047,090

- TIN:

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.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

AFFORDABLE HOUSING DEVELOPMENT FUND INC

Employer identification number

39-1906153

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.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

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.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Non-functionally integrated

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

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)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(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
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of monetary support


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2013

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)		(a) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(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)		(a) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(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).

Gross receipts from related activities, etc. (see instructions) ..................

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

Public support percentage for 2013 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2012 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2013. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2012. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2012. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

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) 2013

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)		(a) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......	3,357,283	112,979	2,811,906	18,303,437	22,351,644	46,937,249
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.	3,357,283	112,979	2,811,906	18,303,437	22,351,644	46,937,249
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.)						46,937,249

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(f) Total
9	Amounts from line 6...	3,357,283	112,979	2,811,906	18,303,437	22,351,644	46,937,249
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	6,454	12,059	10,128	99,623	195,963	324,227
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.	6,454	12,059	10,128	99,623	195,963	324,227
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..	-2,045	14,749	865,914	-21,763	-237,040	619,815
13	Total support. (Add lines 9, 10c, 11, and 12.)..	3,361,692	139,787	3,687,948	18,381,297	22,310,567	47,881,291

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

Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f)) .........

98.030 %

Public support percentage from 2012 Schedule A, Part III, line 15 ...............

95.930 %

Section D. Computation of Investment Income Percentage

Investment income percentage for 2013 (line 10c, column (f) divided by line 13, column (f)) ......

0.680 %

Investment income percentage from 2012 Schedule A, Part III, line 17 .............

0.450 %

19a

33 1/3% support tests—2013. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ........ right arrow

33 1/3% support tests—2012. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2013

Page 4

Part IV

Supplemental Information. 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) 2013

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

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. SchDMd Bullet

Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

AFFORDABLE HOUSING DEVELOPMENT FUND INC

Employer identification number

39-1906153

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 ........

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? ............

Yes No

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? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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.


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

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

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)? .......................................

Yes No

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.

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.

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

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:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

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) 2013

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

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):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

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?........

Yes No

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.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

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 ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	4,500,527		4,500,527
b	Buildings ................	98,868,332	55,221,985	43,646,347
c	Leasehold improvements ............
d	Equipment ................
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				48,146,874

Schedule D (Form 990) 2013

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. 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.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(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.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1) REFUNDABLE DEPOSIT				5,165
(2) TENANT SECURITY DEPOSIT				466,328
(3) ESCROW DEPOSIT				383,100
(4) REPLACEMENT RESERVE				1,832,752
(5) DUE FROM PARTNERSHIPS				6,095,843
(6) MISC. PREPAID EXPENSES				101,411
(7) OTHER RESERVES				529,726
(8) GOODWILL/INTANGIBLE ASSETS				8,979,318
(9) OTHER ASSETS				1,437
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				18,395,080

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes
TENANT SECURITY DEPOSIT		453,570
ACCRUED PROPERTY TAXES		343,713
ACCRUED INTEREST		988,021
MISC CURRENT LIABILITIES		2,012,831
OTHER LIABILITIES		45,086
DUE TO PARTNERSHIP		53,475



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		3,896,696
2. Liability for uncertain tax positions 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) 2013

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	28,538,614
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	6,228,047
e	Add lines 2a through 2d .....................			2e	6,228,047
3	Subtract line 2e from line 1.....................			3	22,310,567
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
c	Add lines 4a and 4b.......................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	22,310,567

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	28,753,922
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	6,269,362
e	Add lines 2a through 2d......................			2e	6,269,362
3	Subtract line 2e from line 1.....................			3	22,484,560
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	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	22,484,560

Part XIII

Supplemental Information

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.

Return Reference	Explanation
PART X, LINE 2:	THE CORPORATION ADOPTED THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740 WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE CORPORATION IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE CORPORATION HAS DETERMINED THAT THE APPLICATION OF ASC 740-10 DOES NOT IMPACT THE OPERATIONS OF THE CORPORATION AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE CORPORATION'S FINANCIAL STATEMENTS. THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE INCOME STATEMENT OR BALANCE SHEET FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012. THE OPEN TAX YEARS BY MAJOR JURISDICTION ARE AS FOLLOWS: - UNITED STATES - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF CALIFORNIA - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, 2010, AND 2009; - STATE OF ILLINOIS - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF INDIANA - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF KENTUCKY - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE OF OHIO - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, AND 2010; - STATE IF WISCONSIN - YEARS ENDED DECEMBER 31, 2013, 2012, 2011, 2010, AND 2009.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	BOOK INCOME FROM NON-CONSOL (TAX) ENTITIES 6,228,047.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	BOOK EXPENSES FROM NON-CONSOL. (TAX) ENTITIES 6,269,362.

Schedule D (Form 990) 2013

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990. SchJMediumBullet

See separate instructions.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

AFFORDABLE HOUSING DEVELOPMENT FUND INC

Employer identification number

39-1906153

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2013

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990

Schedule J (Form 990) 2013

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2013

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

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.
MediumBullet

Information about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

AFFORDABLE HOUSING DEVELOPMENT FUND INC

Employer identification number

39-1906153

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	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

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?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No
(1) MIKE AND MARY MOORE - SEE PART V BE		RESTRUCTURE THE $7,725,000 NOTE	X		1,725,000	0		No	Yes		Yes
(2) MIKE AND MARY MOORE - SEE PART V BE		RESTRUCTURE THE $7,725,000 NOTE	X		1,500,000	0		No	Yes		Yes




Total ...... $

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) 2013

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?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) MICHAEL MOORE-SEE PART V	CONSULTING	240,000	MICHAEL MOORE IS MANAGING MEMBER OF RURAL HOUSING CONSULTANTS, LLC. RURAL HOUSING CONSULTANTS, LLC PROVIDED CONSULTING TO AHDF, INC DURING 2012 ON A NO CHARGE BASIS AND IN 2013 FOR A FEE OF $240,000, WHICH WAS SUBSTANTIALLY BELOW MARKET. MICHAEL MOORE IS ALSO THE FORMER OWNER OF STAR-HOLDINGS OF ILLINOIS, LLC WHICH PROVIDED VARIOUS SERVICES TO AFFORDABLE HOUSING PARTNERSHIPS INCLUDING THOSE IN WHICH AHDF HOLDS OWNERSHIP INTERESTS. AHDF PURCHASED STAR-HOLDINGS OF ILLINOIS, LLC FROM MICHAEL MOORE ON DECEMBER 30, 2011.		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation
SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS CONTINUED:	THE ORIGINAL NOTE DATED DECEMBER 30, 2011 IN THE ORIGINAL AMOUNT OF $7,725,000 WAS RESTRUCTURED ON DECEMBER 10, 2012 AS A RESULT OF A 2012 PREPAYMENT IN THE TOTAL AMOUNT OF $4,500,000. AS A RESULT OF THE $4,500,000 PREPAYMENT, THE REMAINING BALANCE OF $3,225,000 WAS SATISFIED BY THE ISSUANCE OF TWO NEW PROMISSORY NOTES IN THE ORIGINAL AMOUNTS OF $1,500,000 AND $1,725,000.THE $1,500,000 NOTE IS NON-INTEREST BEARING AND IS DUE IN FULL ON DECEMBER 30, 2015. NO PAYMENTS OF PRINCIPAL ARE REQUIRED PRIOR TO DECEMBER 30, 2015. DURING THE YEAR ENDED DECEMBER 31, 2013, THE OUTSTANDING BALANCE WAS PAID IN FULL.THE $1,725,000 NOTE IS NON-INTEREST BEARING AND IS DUE IN FULL ON DECEMBER 30, 2015. NO PAYMENTS OF PRINCIPAL ARE REQUIRED PRIOR TO DECEMBER 30, 2015. DURING THE YEAR ENDED DECEMBER 31, 2013, THE OUTSTANDING BALANCE WAS PAID IN FULL.

Return Reference

Explanation

SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS CONTINUED:

THE ORIGINAL NOTE DATED DECEMBER 30, 2011 IN THE ORIGINAL AMOUNT OF $7,725,000 WAS RESTRUCTURED ON DECEMBER 10, 2012 AS A RESULT OF A 2012 PREPAYMENT IN THE TOTAL AMOUNT OF $4,500,000. AS A RESULT OF THE $4,500,000 PREPAYMENT, THE REMAINING BALANCE OF $3,225,000 WAS SATISFIED BY THE ISSUANCE OF TWO NEW PROMISSORY NOTES IN THE ORIGINAL AMOUNTS OF $1,500,000 AND $1,725,000.THE $1,500,000 NOTE IS NON-INTEREST BEARING AND IS DUE IN FULL ON DECEMBER 30, 2015. NO PAYMENTS OF PRINCIPAL ARE REQUIRED PRIOR TO DECEMBER 30, 2015. DURING THE YEAR ENDED DECEMBER 31, 2013, THE OUTSTANDING BALANCE WAS PAID IN FULL.THE $1,725,000 NOTE IS NON-INTEREST BEARING AND IS DUE IN FULL ON DECEMBER 30, 2015. NO PAYMENTS OF PRINCIPAL ARE REQUIRED PRIOR TO DECEMBER 30, 2015. DURING THE YEAR ENDED DECEMBER 31, 2013, THE OUTSTANDING BALANCE WAS PAID IN FULL.

Schedule L (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

AFFORDABLE HOUSING DEVELOPMENT FUND INC

Employer identification number

39-1906153

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	MICHAEL MOORE IS MANAGING MEMBER OF RURAL HOUSING CONSULTANTS, LLC. RURAL HOUSING CONSULTANTS, LLC PROVIDED CONSULTING TO AHDF, INC DURING 2012 ON A NO CHARGE BASIS AND IN 2013 FOR A FEE OF $240,000, WHICH WAS SUBSTANTIALLY BELOW MARKET. MICHAEL MOORE IS ALSO THE FORMER OWNER OF A STAR-HOLDINGS OF ILLINOIS, L.L.C WHICH PROVIDED VARIOUS SERVICES TO AFFORDABLE HOUSING PARTNERSHIPS INCLUDING THOSE IN WHICH AHDF HOLDS OWNERSHIP INTERESTS. AHDF HAS PURCHASED STAR-HOLDINGS OF ILLINOIS, L.L.C. FROM MICHAEL MOORE.
FORM 990, PART VI, SECTION B, LINE 11	THE TREASURER RECEIVES A COPY OF THE FORM 990 FROM THE ACCOUNTANTS. THE TREASURER REVIEWS THE FORM 990 AND FORWARDS A COPY TO EACH BOARD MEMBER. THE BOARD OF DIRECTORS MEETS, ASKS QUESTIONS OF THE TAX RETURN PREPARER AND OFFERS ANY CORRECTIONS. THE BOARD OF DIRECTORS APPROVES OF FORM 990 PRIOR TO FILING. EITHER THE PRESIDENT OR TREASURER SIGNS THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C	EACH MEMBER IS AWARE OF AND HAS A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. TIME IS MADE AVAILABLE AT EACH MEETING OF THE BOARD OF DIRECTORS TO DISCUSS ANY INTERESTS OF THE INDIVIDUAL BOARD MEMBERS WHICH COULD GIVE RISE TO A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	THE DIRECTOR FEES ARE DETERMINED BASED UPON HISTORICAL DATA. THE FEES ARE GIVEN TO COMPENSATE THE DIRECTORS FOR THEIR TIME AND EFFORTS ASSOCIATED WITH THE NOT FOR PROFIT.
FORM 990, PART VI, SECTION C, LINE 19	THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
PART IX: STATEMENT OF FUNCTIONAL EXPENSES	THE FUNCTIONAL EXPENSE LISTED ON PAGE TEN FOR THE SOLELY OWNED ENTITIES CONSISTS OF NORMAL OPERATING EXPENSES WHICH INCLUDE UTILITIES, OPERATING & MAINTENANCE, TAXES AND INSURANCE, FINANCIAL AND ADMINISTRATIVE. THE ADMNISTRATIVE EXPENSES ARE SHOWN AS MANAGEMENT AND GENERAL EXPENSES. THE REMAINING EXPENSES ARE SHOWN AS PROGRAM SERVICES.
FORM 990, PART XI, LINE 9:	WHOLLY OWNED ENTITIES - PRIOR YEAR EQUITY ACQUIRED -115,706. PRIOR PERIOD ADJUSTMENT FOR ROCKFORD FAUST SELLER NOTE RECEIVABLE 3,825,210. MINORITY INTERESTS - 2013 TAX CAPITAL ACQUIRED -781,275. MINORITY INTERESTS - 2013 PURCHASE PRICE 159,079. MINORITY INTERESTS - PRIOR YEAR EQUITY ADJUSTMENTS -247,297. MINORITY INTERESTS - 2013 CONTRIBUTIONS & DISTRIBUTIONS -1,374,567. 2013 ADJUSTMENT TO INVESTMENT FOR ENTITIES THAT ARE NOW WHOLLY OWNED 877,055.
PART XI, LINE 2C	PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMEBERS FOR THEIR COMMENTS. THE BOARD MEETS WITH THE AUDITORS TO DISCUSS THE AUDIT AND THEN APPROVES THE AUDIT. WHEN THE AUDIT IS UP FOR BID, THE BOARD ANNUALLY REVIEWS THE RELATIONSHIP WITH THE CURRENT AUDITOR AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

AFFORDABLE HOUSING DEVELOPMENT FUND INC

Employer identification number

39-1906153

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on 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) WATERMAN GARDENS LLC 215 E DUFFY RD WATERMAN,IL60556 39-1906153	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	122,288	6,169,949	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(2) BLACKHAWK APARTMENTS LLC 926 CONGDON AVE ELGIN,IL60120 39-1906153	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	141,573	1,663,075	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(3) AHDF-SIERRA VILLAGE LLC 5416 JACKSON STREET NORTH HIGHLANDS,CA95660 39-1906153	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA	685,767	3,134,184	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(4) COUNTRY PLACE - GEORGETOWN II LTD 610 MARKLEY AVENUE GEORGETOWN,OH45121 35-1783760	LOW AND MODERATE INCOME APARTMENT COMPLEX	OH	109,726	1,885,912	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(5) COUNTRY PLACE - PORTLAND II LTD 101 S PIERCE PORTLAND,IN47371 35-1814729	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN	98,541	1,584,807	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(6) SONORA TERRACE 200 GREENLEY RD SONORA,CA95370 36-3445191	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA	249,788	8,198,972	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(7) SHAWANO SQUARE 802 E RICHMOND ST SHAWANO,WI54266 36-3564149	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI	244,631	3,860,897	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(8) STAR HOLDING OF ILLINOIS LLC 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 36-4259240	DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING COMPLEXES	IL	1,265,339	24,589,915	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(9) STAR - EQUITIES LLC 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 80-0014768	OWNERSHIP OF AFFORDABLE HOUSING COMPLEXES	IL	247,973	11,833,948	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(10) PROFESSIONAL PROPERTY MANAGEMENT LLC 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 36-4259240	MANAGEMENT OF AFFORDABLE HOUSING COMPLEXES	IL	14,418,048	12,827,338	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(11) INDIANA WATERS EDGE LP 100 RED OAK WAY AUSTIN,IN47102 20-4757116	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN	199,788	1,057,081	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(12) NEVADA WOODS A CAL LIMITED PARTNERSHIP 360 SUTTON WAY 21 GRASS VALLEY,CA95945 36-3830843	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA	547,371	8,862,011	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(13) BASTROP OAK GROVE LTD I 1910 WILSON STREET BASTROP,TX78602 74-2550651	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	181,115	897,052	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(14) BASTROP OAK GROVE LTD II 1910 WILSON STREET BASTROP,TX78602 74-2550650	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	189,176	1,450,351	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(15) BAYCITY VILLAGE APARTMENTS LIMITED PARTNERSHIP 301 ROYAL STREET BAYTOWN,TX77521 73-1418455	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	455,210	3,958,002	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(16) BURK VILLAGE APARTMENTS LIMITED PARTNERSHIP 716 PARK ST BURKBURNETT,TX76354 75-2361950	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	167,571	2,062,017	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(17) CASTROVILLE VILLAGE LTD 1410 NAPLES STREET CASTROVILLE,TX78009 74-2611203	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	336,240	2,155,984	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(18) EL RENO HOUSING ASSOCIATES LIMITED PARTNERSHIP 2501 ASHTON PLACE EL RENO,OK73036 73-1521520	LOW AND MODERATE INCOME APARTMENT COMPLEX	OK	1,269,758	8,761,419	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(19) ELECTRA VILLAGE APARTMENTS LIMITED PARTNERSHIP 100 PRARIE CIRCLE ELECTRA,TX76360 75-2362101	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	293,407	3,753,478	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(20) ELGIN MEADOWPARK LTD 401 N HIGHWAY 95 ELGIN,TX786211053 74-2631606	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	154,122	1,304,160	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(21) EVANT TOM SAWYER PLACE LTD 1636 HWY 64 EAST EVANT,TX76525 74-2630076	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	217,592	911,642	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(22) HONDO BRIAN PLACE LTD 231 19TH ST 231 HONDO,TX78861 74-2631604	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	290,883	2,451,820	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(23) HONDO GARDENS LTD 3100 AVENUE O 100 HONDO,TX78861 74-2611202	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	210,153	1,790,843	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(24) LAMPASAS GARDENS LTD 1311 CENTRAL TEXAS EXPRESSWAY LAMPASAS,TX76550 74-2550652	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	196,541	1,228,369	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(25) LANTANA NORTHRIDGE APARTMENTS LTD 2200 N ADAMS ST BEEVILLE,TX78102 87-0720265	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	256,093	1,593,921	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(26) LANTANA SOUTHRIDGE APARTMENTS LTD 2200 N ADAMS ST BEEVILLE,TX78102 87-0720262	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	182,739	1,457,493	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(27) PFLUGERVILLE MEADOWS LTD 201 MEADOW LANE PFLUGERVILLE,TX78660 74-2550649	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	149,942	1,020,128	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(28) ROUND ROCK OAK GROVE LTD 900 WESTWOOD DRIVE ROUND ROCK,TX78681 74-2550648	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	156,554	1,310,606	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(29) SALTGRASS LANDING APARTMENTS LTD 1602 SOUTH CHURCH STREET ROCKPORT,TX78382 87-0720260	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	310,739	2,282,637	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(30) LAKE VILLAGE APARTMENTS LP 1850 LAKE STREET KEWANEE,IL61443 37-1371123	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	222,631	4,157,222	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(31) BLYTHE APARTMENTS 551 S 3RD BLYTHE,CA922254800 33-0624956	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA	333,348	10,660,067	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(32) C-B-C-S-B LIMITED PARTNERSHIP COAL STREET COLCHESTER,IL62326 36-4065375	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	488,323	6,351,803	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(33) COUNTRY PLACE APARTMENTS - ARGENTA LIMITED PARTNERSHIP 244 W PRARIE ST ARGENTA,IL62501 35-1740607	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	60,947	1,146,866	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(34) COUNTRY PLACE APARTMENTS - MAROA LP 202 MAPLE STREET 217 MAROA,IL61756 35-1842093	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	91,576	1,604,907	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(35) COUNTRY PLACE APARTMENTS - MOWEAQUA II LP 207 LAKE STREET MOWEAQUA,IL62550 35-1825751	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	72,549	1,232,246	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(36) COUNTRY PLACE APARTMENTS - MOWEAQUA LP 207 LAKE STREET MOWEAQUA,IL62550 35-1740608	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	73,455	1,503,919	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(37) COUNTRY PLACE APARTMENTS - VANDALIA LP 929 WEST JOHNSON STREET VANDALIA,IL62471 35-1890703	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	196,940	2,449,788	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(38) COUNTRY PLACE APARTMENTS - VILLA GROVE LP 227 COUNTRY PLACE LANE VILLA GROVE,IL61956 35-1890705	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	119,335	2,186,758	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(39) COUNTRY PLACE APARTMENTS XXXII LTD (GEORGETOWN I) 41 SUNSET BOULEVARD GEORGETOWN,OH45151 35-1673370	LOW AND MODERATE INCOME APARTMENT COMPLEX	OH	106,465	1,925,418	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(40) DIVALL MIDLAND ASSOCIATES LIMITED PARTNERSHIP II (WYNDMERE) 967 MINERAL SPRINGS DRIVE 1 PORT WASHINGTON,WI53074 39-1658761	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI	156,394	3,116,411	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(41) DIVALL MIDLAND ASSOCIATES LIMITED PARTNERSHIP III (DEER RUN) 50 LOUIS STREET PLANO,IL60545 39-1660966	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	107,816	2,192,384	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(42) MINERAL POINT VALLEY LIMITED PARTNERSHIP (FAIRVIEW HEIGHTS) 719 FAIR STREET MINERAL POINT,WI53565 39-1621108	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI	79,932	1,527,609	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(43) MORRIS HOUSING LIMITED PARTNERSHIP (CAMBRIDGE) 100 SHARON DRIVE MORRIS,IL60450 36-3747518	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	102,180	1,938,753	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(44) PARKVIEW APARTMENTS LIMITED PARTNERSHIP 11513 DOUGLAS AVE HUNTLEY,IL60142 36-3365531	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	118,336	2,209,441	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(45) COUNTRY PLACE APARTMENTS - COAL CITY LIMITED PARTNERSHIP 1200 COUNTRY PLACE COURT COAL CITY,IL60416 35-1801125	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	128,323	2,110,710	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(46) EUREKA WOODRIDGE (CLAYTON COURT) 51 CLAYTON COURT WINNEBAGO,IL61088 36-3868070	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	208,470	4,038,890	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(47) STAR - SYCAMORE MEADOWS 1705 LONGWOOD DR SYCAMORE,IL60178 80-0761278	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	140,197	346,988	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(48) REDDY LIMITED PARTNERSHIP 308 BROAD STREET SUMMERSVILLE,WV26651 31-1214250	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV	107,314	1,452,588	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(49) OTTAWA I 408 FLORENCE ST OBLESBY,IL61348 36-4188904	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	28,572	4,196,389	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(50) YANTIS HOUSING LP 100 VILLAGE CIRCLE YANTIS,TX754979600 75-2402462	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX	18,963	1,551,172	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(51) ASHBROOK PLACE 1902 KNOX RD ARDMORE,OK73401 73-1521519	LOW AND MODERATE INCOME APARTMENT COMPLEX	OK	249,761	8,132,583	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(52) WIMAUMA COMMUNITY LTD 5292 GUADALUPE BLVD WIMAUMA,FL33598 99-9999999	LOW AND MODERATE INCOME APARTMENT COMPLEX	FL	103,999	11,409,907	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(53) PRESERVATION PARTNERS I LIMITED PARTNERSHIP 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 39-1909716	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	58,501	5,549,303	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(54) COUNTRY PLACE APARTMENTS - MORRIS LTD 100 SHARON DRIVE MORRIS,IL60450 35-1744785	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	121,790	1,904,029	AFFORDABLE HOUSING DEVELOPMENT FUND INC
(55) COUNTRY PLACE APARTMENTS - OTTAWA LTD 701 W MCKINLEY ST OTTAWA,IL613504795 35-1744788	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL	111,853	2,019,908	AFFORDABLE HOUSING DEVELOPMENT FUND INC

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on 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?
(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	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2013

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on 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
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) ANDERSON SHASTA COMMUNITY PARTNERS LP 2425 SHADY LANE 2600 RED BUD LANE 1 ANDERSON,CA96007 27-0141393	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-7	72,581		No		Yes
(2) COLLEGE VIEW LP 4901 COAL VIEW APARTMENTS LTD DALLAS,TX75205 75-1947129	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX		RELATED	142,020	452,162		No			No	99.000 %
(3) FRESNO 2007 COMMUNITY PARTNERS LP 17782 SKY PARK CIRCLE IRVINE,CA92614 20-8455361	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-20	335,870		No		Yes		0.010 %
(4) HUMBOLDT 2007 CCOMMUNITY PARTNERS LP 17782 SKY PARK CIRCLE IRVINE,CA92614 20-8524250	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-6	115		No			No	0.010 %
(5) MEADOWBROOK PARKVIEW COMMUNITY PARTNERS LP 555 NORTH ROOP ST/320 LIMONERIA AVE SUSANVILLE,CA96130 38-3876681	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-20	694,764		No		Yes
(6) NEVADA COMMONS A CA LP 775 OLD TUNNEL RD GRASS VALLEY,CA95945 36-3926507	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-83,971	1,677,930		No			No	99.000 %
(7) COUNTRY PLACE APTS - LOOGOOTEE LP 31 COUNTRY PLACE LOOGOOTEE,IN47553 35-1992772	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	-11,141	2,241		No		Yes		1.000 %
(8) COUNTRY PLACE APTS PAOLI LP 199 W WAINWRIGHT PAOLI,IN47454 35-1992775	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	-1,497	18,334		No		Yes		1.000 %
(9) LOUISA MULTI-HOUSING LP 301 COUNTRY PLACE LANE LOUISA,KY41230 61-1028890	LOW AND MODERATE INCOME APARTMENT COMPLEX	KY		RELATED	-900	32,124		No		Yes		2.500 %
(10) COUNTRY PLACE APTS - GREENCASTLE LTD 51 WOODHAVEN DR GREENCASTLE,IN46315 35-1786915	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	-261	14,318		No		Yes		1.000 %
(11) SCOTTSVILLE MULTI-HOUSING H-1 HINTON AVENUE SCOTTSVILLE,KY42164 35-1511670	LOW AND MODERATE INCOME APARTMENT COMPLEX	KY		RELATED	67,857	210,838		No		Yes		5.000 %
(12) WOODVIEW LP 6TH STREET GLASFORD,IL61533 36-3715955	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-589	29,256		No		Yes		1.000 %
(13) COUNTRY PLACE APTS XXVI LP - EDINBURGH 104 COUNTRY PLACE CIRCLE EDINBURGH,IN46124 35-1620933	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	852	11,482		No		Yes		5.000 %
(14) COUNTRY PLACE APTS XXXIII LTD (CHRISMAN) 113 COUNTRY PLACE LANE CHRISMAN,IL61924 35-1636912	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	754	30,067		No		Yes		5.000 %
(15) COUNTRY PLACE APTS XLI LTD - DEMOTTE 157 EAST DIVISION ROAD DEMOTTE,IN46310 35-1633008	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	-19	42,476		No		Yes		5.000 %
(16) COUNTRY PLACE APTS XXXIV LTD (DWIGHT) 112 JOHN STREET DWIGHT,IL60420 35-1636552	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-309	16,227		No		Yes		5.000 %
(17) COUNTRY PLACE APTS XXX LTD (OLNEY) 1601 N SILVER ST OLNEY,IL62450 35-1615850	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-8,777	10,128		No		Yes		5.000 %
(18) COUNTRY PLACE APTS XVI LTD (PLYMOUTH) 1420 WEST MADISON STREET PLYMOUTH,IN46563 35-1550300	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	-3,112	80,520		No		Yes		5.000 %
(19) COUNTRY PLACE APTS VIII LP 101 S PIERCE PORTLAND,IN47371 35-1537732	LOW AND MODERATE INCOME APARTMENT COMPLEX	IN		RELATED	-535	61,686		No		Yes		5.000 %
(20) COUNTRY PLACE APTS XXI LTD 175 EAST CERMAK BRAIDWOOD,IL60408 33-1560228	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-3,063	16,758		No		Yes		5.000 %
(21) VIRDEN LIMITED PARTNERSHIP 611-641 N DYE STREET VIRDEN,IL62690 36-3829558	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	3,066	307,257		No		Yes		1.010 %
(22) DIVALL MIDLAND ASSOC - LTD PARTNERSHIP 967 MINERAL SPRINGS DRIVE 1 PORT WASHINGTON,WI53074 39-1658761	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	-23,743	65,399		No		Yes		1.000 %
(23) LS A LIMITED PARTNERSHIP 1000 N COLLEGE ST LINCOLN,IL626561180 36-3614027	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	53,841	1,025,674		No		Yes		99.250 %
(24) LINCOLN NORTHSIDE LIMITED PARTNERSHIP 2305-2325 RAILSPLITTER LINCOLN,IL62656 36-3933196	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-13,837	127,778		No		Yes		1.010 %
(25) EUREKA LIMITED PARTNERSHIP - WOODRIDGE 701-709 E BULLOCK STREET EUREKA,IL61530 36-2932884	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-287	329,625		No		Yes		60.000 %
(26) MENDOTA I LIMITED PARTNERSHIP 509 PLAZA DRIVE MENDOTA,IL61342 36-4282976	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-30	102,072		No		Yes		0.010 %
(27) PRESERVATION PARTNERS III LP 1018 N 6TH ST MONMOUTH,IL61462 36-4468555	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-70,928	130,270		No		Yes		0.010 %
(28) MENDOTA II LIMITED PARTNERSHIP 1215 N MAPLE PRINCETON,IL61356 04-3655279	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-3	32,412		No		Yes		0.010 %
(29) PARK TOWERS ASSOCIATES 540 CLIFFORD AVE LOVES PARK,IL61111 36-6686755	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-111,075	1,610,036		No		Yes		50.000 %
(30) COAL CITY MEADOWS APARTMENTS 1200 COUNTRY PLACE COURT COAL CITY,IL60416 39-1379403	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	12,444	134,010		No		Yes		100.000 %
(31) HIGHLAND MEADOW APARTMENTS 101 CIRCLE DRIVE LANARK,IL61046 36-3162627	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	8,457	77,141		No		Yes		33.500 %
(32) CLINTONVILLE GUARDIAN 20 WILSON STREET CLINTONVILLE,WI54929 39-1408834	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	54,381	-43,872		No		Yes		66.660 %
(33) AMBOY ELDERLY APARTMENTS LIMITED PARTNERSHIP 121 WEST WASSON ROAD AMBOY,IL61310 36-4452247	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-2,091	91,624		No		Yes		25.000 %
(34) COUNTRY PROPERTIES LIMITED PARTNERSHIP 555 SKOKIE BLVD SUITE 215 NORTHBROOK,IL60062 36-3155835	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-520	63,231		No		Yes		1.000 %
(35) HERITAGE HOMESTEAD APARTMENTS 443 SHERWOOD RD LA GRANGE PARK,IL60526 36-3018398	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	1,043			No		Yes		5.000 %
(36) KINGS COMMUNITY PARTNERS LP 2400 WHITLEY AVE CORCORAN,CA93212 20-2598532	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-5	30,374		No		Yes		0.010 %
(37) FRESNO COMMUNITY PARTNERS LP 640 ZEDLKER AVENUE PARILIAR,CA93648 20-2598580	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-51	64,196		No		Yes		0.010 %
(38) LOS BANOS COMMUNITY PARTNERS LP 1130 F STREET LOS BANOS,CA96935 20-2598644	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-9	26,153		No		Yes		0.010 %
(39) RIVERSIDE COMMUNITY PARTNERS LP 51950 TYLER AVENUE 51-501 MECCA COACHELLA,CA92236 20-2598609	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-643	26,974		No		Yes		0.010 %
(40) OTTAWA GRACEFIELD LIMITED PARTNERSHIP 2727 CHERIE LANE OTTAWA,IL61350 90-0127325	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-4	70,911		No		Yes		0.010 %
(41) STAR-HIGHLANDS OF OROVILLE LP 222 TABLE MOUNTAIN BLVD OROVILLE,CA95965 61-1518876	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-21	235,553		No		Yes		0.010 %
(42) STAR-UKIAH TERRACE LP 1164 MULBERRY UKIAH,CA95482 37-1536023	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-11	34,023		No		Yes		0.010 %
(43) STAR - WOODLAKE MANOR LP 200 EAST SIERRA AVENUE WOODLAKE,CA93286 38-3754036	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-1	74,685		No		Yes
(44) STAR-CLEARLAKE COMMONS LP 15160 AUSTIN DRIVE CLEARLAKE,CA95422 36-4605232	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-12	119,537		No		Yes
(45) MECCA AVENUE 66 COMMUNITY PARTNERS LP 91770 66TH AVENUE MECCA,CA92254 27-0141387	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-9	53,673		No		Yes		0.010 %
(46) STAR-NAKOMA HEIGHTS LIMITED PARTNERSHIP 4929 CHALET GARDENS RD FITCHBURG,WI53711 36-4457818	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	33,624	412,115		No		Yes		0.010 %
(47) NORTH PRARIE APTS LIMITED PARTNERSHIP CARRIE AVENUE ROCHELLE,IL61068 84-1719794	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-25	1,242,640		No		Yes
(48) MAPLE RIDGE LIMITED PARTNERSHIP 3700 5TH STREET ROCK ISLAND,IL61201 02-0575229	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-16	240,850		No		Yes		0.010 %
(49) VALLEY CREST APARTMENTS 560 N DOUGLAS ST RIPON,WI549719785 33-1150994	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	-26	198,358		No		Yes		0.010 %
(50) LAKE MATHERVILLE MANOR LP 101-308 LAKE MATHERVILLE MANOR MATHERVILLE,IL61263 30-0534449	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-26,122	1,266,566		No		Yes		49.000 %
(51) MARSHALL SPRINGS LP 114 MAPLE 205-209 14TH STREET MARSHALL,IL62441 30-0534439	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-33,764	472,139		No		Yes		49.000 %
(52) CRESTSIDE VILLAGE LP 500 SOUTH 6TH ST MARSHALL,IL62441 30-0534429	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-18,972	398,394		No		Yes		49.000 %
(53) SAXONBURG DEVELOPMENT 611 SAXON DRIVE BELLEFONTAINE,OH43311 31-0938891	LOW AND MODERATE INCOME APARTMENT COMPLEX	OH		RELATED	285	38,011		No		Yes		5.000 %
(54) SIDNEY-MYSTIC DEVELOPMENT COMPANY LTD 1515 E COURT ST SIDNEY,OH45365 31-0976817	LOW AND MODERATE INCOME APARTMENT COMPLEX	OH		RELATED	1,615	115,913		No		Yes		5.000 %
(55) WASHINGTON COURTHOUSE I 611 VILLAGE COURT WASHINGTON COURTHOUSE,OH43160 31-0908452	LOW AND MODERATE INCOME APARTMENT COMPLEX	OH		RELATED	-1,002	165,800		No		Yes		5.000 %
(56) WASHINGTON COURTHOUSE II 611 VILLAGE COURT WASHINGTON COURTHOUSE,OH43160 31-0962129	LOW AND MODERATE INCOME APARTMENT COMPLEX	OH		RELATED	-1,037	149,899		No		Yes		5.000 %
(57) CRAIGSVILLE II LIMITED PARTNERSHIP 100 CAROLYN DRIVE CRAIGSVILLE,WV26205 55-0696639	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-3,246	5,266		No		Yes		1.000 %
(58) MARLINTON ELDERLY 916 TENTH AVE MARLINTON,WV24954 31-1167975	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-7,457	57,076		No		Yes		28.000 %
(59) WHITE OAK LTD 1 JUDITH ANN DR WHITE OAK,WV45989 31-1116370	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-6,092	66,232		No		Yes		10.570 %
(60) PETERSTOWN LTD RR 1/ RACE STREET PETERSTOWN,WV24963 31-1047623	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-4,425	95,470		No		Yes		10.580 %
(61) CRAIGSVILLE ELDERLEY LTD 100 RICHIE DRIVE CRAIGSVILLE,WV26205 55-0696638	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-6,913	19,741		No		Yes		1.000 %
(62) SHADY SPRINGS ELDERLY 1001 KIMBERLY COURT DANIELS,WV25832 31-1251931	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-4,706	68,720		No		Yes		18.170 %
(63) WHITE SULFUR SPRINGS ELDERLY LTD 25 OLD COUNTRY ROAD WHITE SULFER SPRINGS,WV24986 55-0700266	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-896	26,465		No		Yes		2.850 %
(64) CRAB ORCHARD 100 BOLTON AVE CRAB ORCHARD,WV25827 31-1078558	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-10,645	65,009		No		Yes		20.720 %
(65) BARBOURSVILLE LIMITED PARTNERSHIP 748 MAIN STREET BARBOURSVILLE,WV25504 31-1189469	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-1,983	48,682		No		Yes		7.290 %
(66) KEYSER LTD 1550 LUDWICK STREET KEYSER,WV26726 31-1047629	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	5,685	68,785		No		Yes		23.160 %
(67) COWEN ELDERLY LIMITED PARTNERSHIP 5974 WEBSTER ROAD COWEN,WV26206 55-0708075	LOW AND MODERATE INCOME APARTMENT COMPLEX	WV		RELATED	-696	11,827		No		Yes		1.000 %
(68) COLLIER GARDEN LLC 2901 SEARLESS AVENUE ROCKFORD,IL61101 26-3730424	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-29	266		No		Yes		0.010 %
(69) STAR-VC EAST LIMITED PARTNERSHIP 1444 SEGWORTH WAY GRASS VALLEY,CA95945 30-0635840	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-9	169,953		No		Yes
(70) FOREST RIDGE LIMITED PARTNERSHIP 1217 SECOND AVE AURORA,IL60605 02-0575210	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-13	384,315		No		Yes		0.010 %
(71) STAR-NORTHGATE LIMITED PARTNERSHIP 350 WINNEBAGO ST FOND DU LAC,WI54937 36-4408592	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	-14	514,375		No		Yes		0.010 %
(72) NORTHPOINT CROSSING LIMITED PARTNERSHIP 1724 BIRCH RD KENOSHA,WI53140 54-2084537	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	-1	138,526		No		Yes		0.010 %
(73) ROCKFORD FAUST LP 630 E STATE STREET ROCKFORD,IL61110 80-0376206	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-79	107,835		No		Yes		0.010 %
(74) ARBOR TRACE LIMITED PARTNERSHIP 621 EAST DECORAH ROAD WEST BEND,WI53095 30-0585475	LOW AND MODERATE INCOME APARTMENT COMPLEX	WI		RELATED	-41	69,561		No		Yes		0.010 %
(75) NORTHERN WINNEBAGO LLC 1615 BLACKHAWK BOULEVARD SOUTH BELOIT,IL61080 90-0634552	LOW AND MODERATE INCOME APARTMENT COMPLEX	IL		RELATED	-14	373		No		Yes		0.010 %
(76) ALPINE MOUNTAINVIEW LTD 801 N ORANGE ST ALPINE,TX79830 02-0717768	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX		RELATED	-1,979	-18,448		No		Yes		0.010 %
(77) FORT STOCKTON OASIS LTD 1501 N MARSHALL ST FORT STOCKTON,TX79735 02-0717775	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX		RELATED	-1,856	35,326		No		Yes		0.010 %
(78) MARFA VILLA LTD GOLF COURSE ROAD MARFA,TX79843 02-0717764	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX		RELATED	-27,206	52,713		No		Yes		0.010 %
(79) ALBANY VILLAGE LP 325 SOUTH HIGHWAY 6 ALBANY,TX76430 73-1505282	LOW AND MODERATE INCOME APARTMENT COMPLEX	TX		RELATED	-8,434	34,430		No		Yes		0.010 %
(80) YUCCA TRAILS COMMUNITY PARTNERS LP 61451 VERBENA ROAD JOSHUA TREE,CA92252 32-0368746	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-10	36,781		No		Yes		0.010 %
(81) BROADWAY MANOR COMMUNITY PARTNERS LP 550 SOUTH BROADWAY STREET BLYTHE,CA92225 32-0378693	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-9	440,975		No		Yes
(82) BROADWAY MANOR GP LLC 550 SOUTH BROADWAY BLYTHE,CA92225 95-3339380	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED		24		No		Yes		50.000 %
(83) MEADOWBROOK PARVIEW GP LLC 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 32-0373767	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED		37		No		Yes		0.010 %
(84) YUCCA TRAILS GP LLC 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 32-0368437	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED		6		No		Yes		50.000 %
(85) MCLOUD RIVER GP LLC 973 FEATHERSTONE ROAD SUITE 325 ROCKFORD,IL61107 30-0745007	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-1	355,679		No		Yes		50.000 %
(86) MCCLOUD RIVER COMMUNITY PARTNERS LP 110 WATER STREET MCCLOUD,CA96057 32-0383844	LOW AND MODERATE INCOME APARTMENT COMPLEX	CA		RELATED	-1	683,459		No		Yes		0.010 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on 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	(i) Section 512(b)(13) controlled entity?
(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	Yes	No

Schedule R (Form 990) 2013

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on 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

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 . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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 related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) AHDF-SIERRA VILLAGE LLC	E
(2) AHDF-SIERRA VILLAGE LLC	D
(3) SONORA TERRACE	D
(4) PRESERVATION PARTNERS III LP	D
(5) MISCELLANEOUS OTHER RELATED ENTITIES	D
(6) OTTAWA I LIMITED PARTNERSHIP	H	15,000	CASH PAID FOR OWNERSHIP INTEREST
(7) PRESERVATION PARTNERS I LP	H	45,000	CASH PAID FOR OWNERSHIP INTEREST
(8) COUNTRY PROPERTIES LIMITED PARTNERSHIP	H	10,000	CASH PAID FOR OWNERSHIP INTEREST
(9) KINGS COMMUNITY PARTNERS LP	H	0	CASH PAID FOR OWNERSHIP INTEREST
(10) FRESNO COMMUNITY PARTNERS LP	H	0	CASH PAID FOR OWNERSHIP INTEREST
(11) LOS BANOS COMMUNITY PARTNERS LP	H	0	CASH PAID FOR OWNERSHIP INTEREST
(12) RIVERSIDE COMMUNITY PARTNERS LP	H	0	CASH PAID FOR OWNERSHIP INTEREST
(13) MECCA AVENUE 66 COMMUNITY PARTNERS LP	H	0	CASH PAID FOR OWNERSHIP INTEREST
(14) YANTIS HOUSING LP	H	2	CASH PAID FOR OWNERSHIP INTEREST
(15) ASHBROOKE PLACE	H	31,001	CASH PAID FOR OWNERSHIP INTEREST
(16) WIMAUMA COMMUNITY LTD	H	35,001	CASH PAID FOR OWNERSHIP INTEREST

Schedule R (Form 990) 2013

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on 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)	(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?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V?UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2013

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2013

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: DEVELOPMENT, PRESERVATION AND MANAGEMENT OF AFFORDABLE, SAFE, QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	6
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2013 (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	493,991

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	18,403,060	22,547,607
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-21,763	-237,040
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	18,381,297	22,310,567
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)	30,000	30,000
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	19,145,756	22,454,560
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	19,175,756	22,484,560
19	Revenue less expenses. Subtract line 18 from line 12.......	-794,459	-173,993
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	55,833,905	69,047,090
21	Total liabilities (Part X, line 26).............	55,152,746	66,197,425
22	Net assets or fund balances. Subtract line 21 from line 20.....	681,159	2,849,665

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 18,951,232 including grants of $ ) (Revenue $ 22,114,604 )
	THE CORPORATION'S CHARITABLE PURPOSE INCLUDES, AMONG OTHER THINGS, DEVELOPMENT, PRESERVATION AND MANAGEMENT OF AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES.

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 expenses18,951,232

(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
(A) Name and Title
(1) JACK AHRENS........................................................................ DIRECTOR	1.00 .......................	X			5,000	0	0
(2) THOMAS VAN VLEET........................................................................ DIR.& VICE PRES.(PRES. 2014)	1.00 .......................	X	X		5,000	0	0
(3) RINO SAVERIO BURDI........................................................................ DIR.& PRES.(RESIGNED AS PRES. 2014)	2.00 .......................	X	X		5,000	0	0
(4) MARK E ADAMS........................................................................ DIRECTOR	1.00 .......................	X			5,000	0	0
(5) EARL J DE CLOUX........................................................................ DIRECTOR	1.00 .......................	X			5,000	0	0
(6) KEN SMITH........................................................................ DIRECTOR	1.00 .......................	X			5,000	0	0
(7) GERALD WALTERS........................................................................ DIRECTOR OF PROPERTY MANAGEMENT	1.00 .......................40.00			X	143,196	0	0
(8) BRIAN BROOKS........................................................................ DIRECTOR OF OPERATIONS	1.00 .......................40.00			X	144,143	0	0
(9) PERRY HARENDA........................................................................ DIRECTOR OF AFFORDABLE HOUSING	1.00 .......................40.00			X	144,500	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	461,839	0	0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......
			Business Code
2a	REVENUE - WHOLLY OWNED		531110	22,351,644	22,351,644
b
c
d
e
f	All other program service revenue .			195,963			195,963
g	Total. Add lines 2a–2f........			22,547,607
3	Investment income (including dividends, interest, and other similar amounts).......
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........
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..
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...
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..
Miscellaneous Revenue			Business Code
11a	MINORITY INTEREST REVENUE		531110	-237,040	-237,040
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			-237,040
12	Total revenue. See Instructions......			22,310,567	22,114,604	0	195,963

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
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	30,000		30,000
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....
20	Interest ...........	2,058,868		2,058,868
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	2,400,456	2,400,456
23	Insurance ..............
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	EXPENSES - WHOLLY OWNED	17,995,236	16,550,776	1,444,460
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	22,484,560	18,951,232	3,533,328	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 if following SOP 98-2 (ASC 958-720).


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			2,156,606	1	2,325,579
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ...........				3
4	Accounts receivable, net .............			435,755	4	1,195,004
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
					5
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
					6
7	Notes and loans receivable, net .............				7
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ..........				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	103,368,859
b	Less: accumulated depreciation .....	10b	55,221,985	37,397,080	10c	48,146,874
11	Investments—publicly traded securities ..........				11
12	Investments—other securities. See Part IV, line 11 .....			585,428	12	-1,015,447
13	Investments—program-related. See Part IV, line 11 .....				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			15,259,036	15	18,395,080
16	Total assets. Add lines 1 through 15 (must equal line 34)......			55,833,905	16	69,047,090
17	Accounts payable and accrued expenses .........			219,822	17	343,458
18	Grants payable .................				18
19	Deferred revenue ................			15,357	19	44,673
20	Tax-exempt bond liabilities .............				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
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..........			3,225,000	22
23	Secured mortgages and notes payable to unrelated third parties ..			50,666,438	23	61,912,598
24	Unsecured notes and loans payable to unrelated third parties ....				24
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....................			1,026,129	25	3,896,696
26	Total liabilities. Add lines 17 through 25.........			55,152,746	26	66,197,425
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			681,159	27	2,849,665
28	Temporarily restricted net assets ...........				28
29	Permanently restricted net assets ...........				29
	Organizations that do not follow SFAS 117 (ASC 958), check here 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 ...........			681,159	33	2,849,665
34	Total liabilities and net assets/fund balances ........			55,833,905	34	69,047,090