Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions. 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
AQUINAS HOUSING CORPORATION
Employer identification number
13-3076810
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization?
................
11g(i)
(ii)
A family member of a person described in (i) above?
......................
11g(ii)
(iii)
A 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of monetary support
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
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.") ....
119,254
215,352
101,323
85,488
128,333
649,750
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
119,254
215,352
101,323
85,488
128,333
649,750
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.
649,750
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..
119,254
215,352
101,323
85,488
128,333
649,750
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
65,010
42,000
42,000
129,599
300,888
579,497
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
5,042
5,042
10
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..
124,623
45,014
169,637
11
Total support (Add lines 7 through 10).
1,403,926
12
Gross receipts from related activities, etc. (see instructions)
..................
12
1,298,830
13
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.................................................
Section C. Computation of Public Support Percentage
14
Public support percentage for 2013 (line 6, column (f) divided by line 11, column (f))
.........
14
46.280 %
15
Public support percentage for 2012 Schedule A, Part II, line 14
...............
15
57.970 %
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
.......................
b
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
.....................
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
.....................................................
b
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
................................................
18
Private foundation.
If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions
.....................................................
Schedule A (Form 990 or 990-EZ) 2013
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
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
..
13
Total support. (Add lines 9, 10c, 11, and 12.)..
14
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f))
.........
15
16
Public support percentage from 2012 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2013 (line 10c, column (f) divided by line 13, column (f))
......
17
18
Investment income percentage from 2012 Schedule A, Part III, line 17
.............
18
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
........
b
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
.....
20
Private foundation.
If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2013
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 O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
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
AQUINAS HOUSING CORPORATION
Employer identification number
13-3076810
Return Reference
Explanation
FORM 990, PART VI, SECTION B, LINE 11
NO REVIEW HAS BEEN CONDUCTED PRIOR FILING THE FORM 990. THE RETURN WILL BE REVIEWED BY THE CONTROLLER IN CONCERT WITH THE IRS FILING.
FORM 990, PART VI, SECTION B, LINE 12C
AQUINAS HOUSING CORP/H.O.B. II CONFLICT OF INTEREST POLICY I. APPLICATION OF POLICY THIS POLICY IS INTENDED TO SUPPLEMENT, BUT NOT REPLACE, FEDERAL AND STATE LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT CORPORATIONS. IT APPLIES TO BOARD MEMBERS AND STAFF WITH SIGNIFICANT DECISION-MAKING AUTHORITY. PERSONS COVERED UNDER THIS POLICY, AS WELL AS THEIR RELATIVES AND ASSOCIATES, ARE HEREINAFTER REFERRED TO AS "INTERESTED PARTIES." ALL AFFILIATE AND SUBSIDIARY ENTITIES OF THE AQUINAS HOUSING CORPORATION SHALL BE REFERRED TO HEREIN AS "AQUINAS". II. CONFLICT OF INTEREST A CONFLICT OF INTEREST MAY EXIST WHEN THE INTERESTS OR CONCERNS OF AN INTERESTED PARTY MAY BE SEEN AS COMPETING WITH THE INTERESTS OR CONCERNS OF AQUINAS. THERE ARE A VARIETY OF SITUATIONS THAT RAISE CONFLICT OF INTEREST CONCERNS INCLUDING, BUT NOT LIMITED TO, THE FOLLOWING: A. FINANCIAL INTERESTS - A CONFLICT MAY EXIST WHERE AN INTERESTED PARTY DIRECTLY OR INDIRECTLY BENEFITS OR PROFITS AS A RESULT OF A DECISION, POLICY OR TRANSACTION MADE BY AQUINAS. EXAMPLES INCLUDE SITUATIONS WHERE: AQUINAS CONTRACTS TO PURCHASE OR LEASE GOODS, SERVICES, OR PROPERTIES FROM AN INTERESTED PARTY. AQUINAS OFFERS EMPLOYMENT TO AN INTERESTED PARTY, OTHER THAN A PERSON WHO IS ALREADY EMPLOYED BY AQUINAS. AN INTERESTED PARTY IS PROVIDED WITH A GIFT, GRATUITY, OR FAVOR OF A SUBSTANTIAL NATURE FROM A PERSON OR ENTITY THAT DOES BUSINESS OR SEEKS TO DO BUSINESS WITH AQUINAS. AN INTERESTED PARTY IS GRATUITOUSLY PROVIDED USE OF THE FACILITIES, PROPERTY, OR SERVICES OF AQUINAS. AQUINAS ADOPTS A POLICY THAT FINANCIALLY BENEFITS AN INTERESTED PARTY. B. OTHER INTERESTS - A CONFLICT ALSO MAY EXIST WHERE AN INTERESTED PARTY OBTAINS A NON-FINANCIAL BENEFIT OR ADVANTAGE THAT HE/SHE WOULD NOT HAVE OBTAINED ABSENT HIS/HER RELATIONSHIP WITH AQUINAS. EXAMPLES INCLUDE WHERE: AN INTERESTED PARTY SEEKS TO OBTAIN PREFERENTIAL TREATMENT BY AQUINAS OR RECOGNITION FOR HIMSELF/HERSELF OR ANOTHER INTERESTED PARTY. AN INTERESTED PARTY SEEKS TO MAKE USE OF CONFIDENTIAL INFORMATION OBTAINED FROM AQUINAS FOR HIS/HER OWN BENEFIT (NOT NECESSARILY FINANCIAL) OR FOR THE BENEFIT OF ANOTHER INTERESTED PARTY. AN INTERESTED PARTY SEEKS TO TAKE ADVANTAGE OF AN OPPORTUNITY OR ENABLES ANOTHER INTERESTED PERSON OR OTHER ORGANIZATION TO TAKE ADVANTAGE OF AN OPPORTUNITY THAT HE/SHE HAS REASON TO BELIEVE WOULD BE OF INTEREST TO AQUINAS. AQUINAS ADOPTS A POLICY THAT PROVIDES A SIGNIFICANT NON-FINANCIAL BENEFIT TO AN INTERESTED PARTY. III. DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST AN INTERESTED PARTY IS UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETELY DISCLOSE IN WRITING THE MATERIAL FACTS ABOUT ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT SHALL BE SUBMITTED UPON HIS/HER ASSOCIATION WITH AQUINAS, AND SHALL BE REVIEWED ANNUALLY THEREAFTER. AN ADDITIONAL DISCLOSURE STATEMENT SHALL BE FILED WHENEVER A POTENTIAL CONFLICT ARISES. DISCLOSURE STATEMENTS WILL BE SUBMITTED AS FOLLOWS. FOR ALL BOARD MEMBERS AND STAFF MEMBERS WITH SIGNIFICANT DECISION-MAKING AUTHORITY, THE DISCLOSURE STATEMENTS SHALL BE PROVIDED TO THE CONFLICT OF INTEREST COMMITTEE FOR REVIEW. COPIES ALSO SHALL BE PROVIDED TO THE EXECUTIVE DIRECTOR OF AQUINAS. IN ALL CASES, THE COMMITTEE IS THE DESIGNATED REVIEWING OFFICIAL RESPONSIBLE FOR BRINGING POTENTIAL CONFLICTS TO THE ATTENTION OF THE APPROPRIATE AUTHORITIES. THE SECRETARY OF THE BOARD OF DIRECTORS SHALL FILE COPIES OF ALL DISCLOSURE STATEMENTS WITH THE OFFICIAL CORPORATE RECORDS OF AQUINAS. IV. PROCEDURES FOR REVIEW OF POTENTIAL CONFLICTS WHENEVER THERE IS REASON TO BELIEVE THAT A POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN AQUINAS AND A BOARD MEMBER OR THE EXECUTIVE DIRECTOR, THE BOARD OF DIRECTORS SHALL DETERMINE THE APPROPRIATE RESPONSE. THIS SHALL INCLUDE, BUT NOT NECESSARILY BE LIMITED TO, INVOKING THE PROCEDURES DESCRIBED BELOW WITH RESPECT TO A SPECIFIC PROPOSED ACTION, POLICY OR TRANSACTION. THE DESIGNATED COMMITTEE HAS A RESPONSIBILITY TO BRING A POTENTIAL CONFLICT OF INTEREST TO THE ATTENTION OF THE BOARD PROMPTLY FOR ACTION AT THE NEXT REGULAR MEETING OF THE BOARD OR DURING A SPECIAL MEETING CALLED SPECIFICALLY TO REVIEW THE POTENTIAL CONFLICT OF INTEREST. WHERE THE POTENTIAL CONFLICT INVOLVES AN EMPLOYEE OF AQUINAS OTHER THAN THE EXECUTIVE DIRECTOR, THE EXECUTIVE DIRECTOR SHALL BE RESPONSIBLE FOR REVIEWING THE MATTER AND MAY TAKE APPROPRIATE ACTION AS NECESSARY TO PROTECT THE INTERESTS OF AQUINAS. THE EXECUTIVE DIRECTOR SHALL REPORT TO THE COMMITTEE THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. THE COMMITTEE SHALL DETERMINE WHETHER ANY FURTHER BOARD REVIEW OR ACTION IS REQUIRED. V. PROCEDURES FOR ADDRESSING CONFLICTS OF INTEREST WHERE A POTENTIAL CONFLICT EXISTS BETWEEN THE INTERESTS OF AQUINAS AND AN INTERESTED PARTY WITH RESPECT TO A SPECIFIC PROPOSED ACTION, POLICY OR TRANSACTION, THE BOARD OF DIRECTORS SHALL CONSIDER THE MATTER DURING A MEETING OF THE BOARD. AQUINAS SHALL REFRAIN FROM ACTING UNTIL SUCH TIME AS THE PROPOSED ACTION, POLICY OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS OF AQUINAS. THE FOLLOWING PROCEDURES SHALL APPLY: AN INTERESTED PARTY WHO HAS A POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION, POLICY OR TRANSACTION OF THE CORPORATION SHALL NOT PARTICIPATE IN ANY WAY IN, OR BE PRESENT DURING, THE DELIBERATIONS AND DECISION-MAKING VOTE OF AQUINAS WITH RESPECT TO SUCH ACTION, POLICY OR TRANSACTION. HOWEVER, THE INTERESTED PARTY SHALL HAVE AN OPPORTUNITY TO PROVIDE FACTUAL INFORMATION ABOUT THE PROPOSED CONFLICT AND/OR ACTION, POLICY OR TRANSACTION. ALSO, THE BOARD MAY REQUEST THAT THE INTERESTED PARTY BE AVAILABLE TO ANSWER QUESTIONS. THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS MAY APPROVE THE PROPOSED ACTION, POLICY OR TRANSACTION UPON FINDING THAT IT IS IN THE BEST INTERESTS OF AQUINAS. THE BOARD SHALL CONSIDER WHETHER THE TERMS OF THE PROPOSED ACTION, TRANSACTION OR POLICY ARE FAIR AND REASONABLE TO AQUINAS AND WHETHER IT WOULD BE POSSIBLE, WITH REASONABLE EFFORT, TO FIND A MORE ADVANTAGEOUS ARRANGEMENT WITH A PARTY OR ENTITY THAT IS NOT AN INTERESTED PARTY. APPROVAL BY THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS SHALL BE BY VOTE OF A MAJORITY OF DIRECTORS IN ATTENDANCE AT A MEETING AT WHICH A QUORUM IS PRESENT. AN INTERESTED PARTY SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT, NOR FOR PURPOSES OF DETERMINING WHAT CONSTITUTES A MAJORITY VOTE OF DIRECTORS IN ATTENDANCE. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE CONFLICT DISCLOSURE WAS MADE TO THE BOARD, THE VOTE TAKEN AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION BY THE INTERESTED PARTY. WHENEVER POSSIBLE, THE MINUTES SHOULD FRAME THE DECISION OF THE BOARD IN SUCH A WAY THAT IT PROVIDES GUIDANCE FOR CONSIDERATION OF FUTURE CONFLICT OF INTEREST SITUATIONS. VI. VIOLATIONS OF CONFLICT OF INTEREST POLICY IF THE BOARD OF DIRECTORS HAS REASON TO BELIEVE THAT AN INTERESTED PARTY HAS FAILED TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST, IT SHALL INFORM THE PERSON OF THE BASIS FOR SUCH BELIEF AND ALLOW THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE BOARD DECIDES THAT THE INTERESTED PARTY HAS IN FACT FAILED TO DISCLOSE A POSSIBLE CONFLICT OF INTEREST, THE BOARD SHALL TAKE SUCH DISCIPLINARY AND CORRECTIVE ACTION AS THE BOARD SHALL DETERMINE.
FORM 990, PART VI, SECTION B, LINE 15A
THE EXECUTIVE DIRECTOR & CONTROLLER WERE HIRED IN 1998 AND 1993 RESPECTIVELY. BOTH WERE REVIEWED AND APPROVED FOR HIRE BY THE BOARD OF DIRECTORS. THE SALARY AT HIRE WAS DETERMINED BY THE BOARD WHO CONSULTED WITH AN OUTSIDE PARTY ON COMPARABLE SALARIES IN THE AREA.
FORM 990, PART VI, SECTION C, LINE 19
THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.