Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
RICHLAND AFFORDABLE HOUSING CORPORATION
 

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

81-0509083
B Telephone number (see instructions)

(406) 433-1978
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,893,387J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 345,352
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 662 662  
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,761
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 359,726 0 359,726
12 Total. Add lines 1 through 11........ 703,979 662 359,726
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,585 18 1,468 2,099
c Other professional fees (attach schedule).... Click to see attachment 34,993 176 14,331 20,486
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 132,091 0 132,091
20 Occupancy.............. 234,476 0 96,513 137,963
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 8,151 0 3,355 4,796
23 Other expenses (attach schedule)....... Click to see list of attachments 273,923 838 111,968 161,117
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 687,219 1,032 359,726 326,461
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 687,219 1,032 359,726 326,461
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,760
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 103 100 100
2 Savings and temporary cash investments.......... 43,514 108,864 108,864
3 Accounts receivable bullet224,044
Less: allowance for doubtful accounts bullet   277,897 224,044 224,044
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 2,997 3,084 3,084
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 501,452 Click to see attachment622,050 622,050
14 Land, buildings, and equipment: basis bullet4,299,255
Less: accumulated depreciation (attach schedule) bullet1,456,649 2,851,279 Click to see attachment2,842,606 2,842,606
15 Other assets (describe bullet) Click to see attachment39,746 Click to see attachment92,639 Click to see attachment92,639
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,716,988 3,893,387 3,893,387
Liabilities 17 Accounts payable and accrued expenses.......... 44,775 87,111
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 941,183 1,056,362
22 Other liabilities (describe bullet) Click to see attachment17,114 Click to see attachment19,238
23 Total liabilities (add lines 17 through 22).......... 1,003,072 1,162,711
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 2,713,916 2,730,676
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 2,713,916 2,730,676
31 Total liabilities and net assets/fund balances (see instructions).. 3,716,988 3,893,387
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,713,916
2 Enter amount from Part I, line 27a..................... 2 16,760
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,730,676
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,730,676
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a WASHER & DRYER P 2007-05-16 2014-04-15
b PATH BASES FOR WASHER & DRYERS P 2009-05-14 2014-04-15
c FURNITURE AND PHONE P 2005-07-01 2014-12-31
d LABTOP & DESKTOP COMPUTER P 2009-08-18 2014-12-31
e EQUIPMENT P 2004-07-01 2014-04-15
WASHER, STEAMER, REVERSE OSMOSIS MACHINE P 2008-04-17 2014-04-15
APPLIANCES P 2005-09-01 2014-12-31
RANGES P 2010-02-16 2014-02-14
APPLIANCES P 2011-10-14 2014-02-14
EQUIPMENT P 2004-07-01 2014-04-15
EQUIPMENT P 2001-04-01 2014-12-31
EQUIPMENT P 2001-04-01 2014-02-14
EQUIPMENT P 2001-04-01 2014-02-14
EQUIPMENT P 2001-04-01 2014-02-14
EQUIPMENT P 2001-04-01 2014-02-14
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a   2,478 3,186 -708
b   333 600 -267
c   355 394 -39
d   1,157 1,157 0
e   1,469 1,469 0
  581 873 -292
  250 250 0
  141 319 -178
  138 415 -277
  4,038 4,038 0
  200 200 0
  325 325 0
  325 325 0
  325 325 0
  200 200 0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -708
b       -267
c       -39
d       0
e       0
      -292
      0
      -178
      -277
      0
      0
      0
      0
      0
      0
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,761
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 116,442 434,700 0.267867
2012 263,548 346,773 0.760001
2011 276,856 417,882 0.662522
2010 300,359 453,491 0.662326
2009 219,700 407,084 0.539692
2 Total of line 1, column (d) ...................... 2 2.892408
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.578482
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 628,469
5 Multiply line 4 by line 3....................... 5 363,558
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 363,558
8 Enter qualifying distributions from Part XII, line 4.............. 8 326,461
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSTACEY NETZ Telephone no.bullet (406) 433-1978
    Located atbullet1032 6TH ST SWSIDNEYMT ZIP+4bullet59270
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DIANE FORD DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    DOUG HILL CHAIRMAN
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    RICHARD JENSEN VICE CHAIR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    SANDY CHRISTENSEN DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    STACEY NETZ SECRETARY
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    DON GARSJO DIRECTOR
    0.50     		0 0 0
    1032 6TH ST SW
    SIDNEY,MT59270
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    638,040
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    638,040
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    638,040
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    9,571
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    628,469
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    31,423
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    31,423
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    31,423
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    31,423
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    31,423
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    326,461
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    326,461
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    326,461
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 31,423
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 199,346
    b From 2010....... 277,684
    c From 2011....... 255,962
    d From 2012....... 246,209
    e From 2013....... 94,805
    fTotal of lines 3a through e......... 1,074,006
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 326,461
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 31,423
    e Remaining amount distributed out of corpus 295,038
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,369,044
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		199,346
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,169,698
    10 Analysis of line 9:
    a Excess from 2010.... 277,684
    b Excess from 2011.... 255,962
    c Excess from 2012.... 246,209
    d Excess from 2013.... 94,805
    e Excess from 2014.... 295,038
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aRENT REVENUE         301,704
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 662  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        -1,761
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aLAUNDRY AND VENDING     03 4,504  
    bMISCELLANEOUS REVENUE     03 310  
    cTENANT CHARGES     03 160  
    dMEAL SERVICE INCOME         53,048
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 5,636 352,991
    13Total. Add line 12, columns (b), (d), and (e)..................
    13358,627
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A THE ORGANIZATION OWNS AND OPERATES PROPERTY FOR LOW-INCOME PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    RICHLAND AFFORDABLE HOUSING CORPORATION
     
    Employer identification number

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





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    RICHLAND AFFORDABLE HOUSING CORPORATION
          		Employer identification number

    81-0509083
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    US DEPT OF HOUSING & URBAN DEVELOPMENT
     

       
    451 7TH STREET SW
     
    WASHINGTON, DC20410

    		$345,352


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    RICHLAND AFFORDABLE HOUSING CORPORATION
          		Employer identification number

    81-0509083
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    RICHLAND AFFORDABLE HOUSING CORPORATION
          		Employer identification number

    81-0509083
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,585 18 1,468 2,099

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    TY 2014 AmortizationSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    DEFERRED FINANCE FEES 2011-01-28 8,851 2,582 120.000000000000 885 0 885 3,467
    DEFERRED LOAN FEES 2014-02-19 3,184   180.000000000000 177 0 177 177

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    TY 2014 DepreciationSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 2001-04-01 55,000   L 0 % 0 0 0  
    BUILDINGS 2001-04-01 2,426,692 770,980 ADS 40.000000000000 60,667 0 60,667  
    EQUIPMENT 2001-04-01 63,726 63,726 ADS 12.000000000000 0 0 0  
    BUILDING REHAB 2001-09-02 62,485 19,201 ADS 40.000000000000 1,562 0 1,562  
    LAND IMPROVEMENTS 2001-09-02 15,695 9,714 ADS 20.000000000000 784 0 784  
    EQUIPMENT REHAB 2001-09-02 115,106 115,106 ADS 12.000000000000 0 0 0  
    ROOF 2002-03-01 103,290 30,449 ADS 40.000000000000 2,582 0 2,582  
    ALARM PULL CORD SYSTEM 2002-05-15 8,382 2,436 ADS 40.000000000000 210 0 210  
    AIR CONDITIONING UNITS 2002-08-20 8,260 2,349 ADS 40.000000000000 207 0 207  
    HEATERS 2002-02-19 1,113 779 SL 5.000000000000 0 0 0  
    UTILITY FOOT TRUCK & LID 2002-10-10 921 645 SL 5.000000000000 0 0 0  
    CHAIR & END TABLES 2002-12-12 2,640 1,848 SL 5.000000000000 0 0 0  
    CARPET 2002-11-01 6,258 4,381 SL 5.000000000000 0 0 0  
    12 A/C UNITS 2003-07-01 8,936 2,336 ADS 40.000000000000 223 0 223  
    REFRIGERATORS 2003-07-01 501 501 SL 5.000000000000 0 0 0  
    SPRINKLER, CONCRETE BARRIERS, PAVING 2003-07-01 7,518 3,947 SL 20.000000000000 376 0 376  
    OFFICE REMODEL 2003-07-01 9,418 2,462 ADS 40.000000000000 235 0 235  
    ROOF DRAINS 2003-07-01 3,175 830 ADS 40.000000000000 79 0 79  
    CARPET, PAINT 2003-07-01 9,093 9,093 SL 5.000000000000 0 0 0  
    COVER PIPES 2003-07-01 981 981 SL 5.000000000000 0 0 0  
    BUILDING ADDITION 2004-07-01 23,762 5,619 ADS 40.000000000000 594 0 594  
    EQUIPMENT 2004-07-01 8,125 8,125 ADS 9.000000000000 0 0 0  
    PARKING LOT 2004-07-01 102,792 48,826 SL 20.000000000000 5,140 0 5,140  
    FURNITURE AND PHONE 2005-07-01 3,482 2,959 ADS 10.000000000000 348 0 348  
    APPLIANCES 2006-07-01 3,018 2,473 ADS 9.000000000000 335 0 335  
    EQUIPMENT 2006-07-01 1,557 1,276 ADS 9.000000000000 173 0 173  
    APPLIANCES 2005-11-30 3,845 3,631 ADS 9.000000000000 214 0 214  
    DOORS 2005-05-11 1,777 383 ADS 40.000000000000 44 0 44  
    DOOR AND AC UNITS (ROOF) 2005-06-14 12,155 2,596 ADS 40.000000000000 304 0 304  
    FENCE AND WINDOW UNIT 2005-07-15 2,583 546 ADS 40.000000000000 65 0 65  
    AC UNITS 2005-09-13 4,038 837 ADS 40.000000000000 101 0 101  
    APPLIANCES 2005-09-01 4,147 3,917 ADS 9.000000000000 230 0 230  
    ELEVATOR REMODELING 2006-03-01 89,399 17,414 ADS 40.000000000000 2,235 0 2,235  
    WINDOWS AND SIDING 2006-09-01 179,051 32,639 ADS 40.000000000000 4,476 0 4,476  
    ELEVATOR REMOD 2005-12-31 27,449 5,518 ADS 40.000000000000 686 0 686  
    POWER WASHER 2005-05-17 865 817 ADS 9.000000000000 48 0 48  
    WINDOWS AND SIDING 2005-12-30 8,857 1,780 ADS 40.000000000000 221 0 221  
    APPLIANCES 2006-12-01 1,694 1,341 ADS 9.000000000000 188 0 188  
    EQUIPMENT 2006-12-31 2,141 1,695 ADS 9.000000000000 238 0 238  
    TILE 2007-12-01 9,679 6,587 ADS 9.000000000000 1,075 0 1,075  
    CABINETS 2007-12-14 8,052 5,480 ADS 9.000000000000 895 0 895  
    SHELVING FOR STORE ROOM 2007-05-16 3,328 2,450 ADS 9.000000000000 370 0 370  
    WASHER & DRYER 2007-05-16 3,186 2,345 ADS 9.000000000000 133 0 133  
    APPLIANCES 2007-07-01 4,185 2,964 ADS 9.000000000000 465 0 465  
    WINDOWS & SIDING-FINAL 2007-07-01 73,434 11,857 ADS 40.000000000000 1,836 0 1,836  
    LANDSCAPE BRICK WORK 2008-08-18 3,500 941 ADS 20.000000000000 175 0 175  
    OUTDOOR LOGO SIGNAGE 2008-09-12 487 131 ADS 20.000000000000 24 0 24  
    ELECTRICAL 2008-05-16 1,991 280 ADS 40.000000000000 50 0 50  
    FURNACE AND AIR CONDITIONER 2008-10-17 8,150 1,061 ADS 40.000000000000 204 0 204  
    DINING ROOM WALL 2008-12-23 2,844 358 ADS 40.000000000000 71 0 71  
    CABINETS 2008-04-17 1,815 1,134 ADS 9.000000000000 202 0 202  
    FLOORING 2008-12-11 10,593 6,032 ADS 9.000000000000 1,177 0 1,177  
    WASHER, STEAMER, REVERSE OSMOSIS MACHINE 2008-04-17 8,643 5,402 ADS 9.000000000000 960 0 960  
    WASHER 2008-06-11 1,010 631 ADS 9.000000000000 112 0 112  
    FOOD PROCESSOR 2008-12-03 451 257 ADS 9.000000000000 50 0 50  
    RANGES, REFRIGERATOR 2008-02-13 524 342 ADS 9.000000000000 58 0 58  
    REFRIGERATORS, FREEZER, TOASTER 2008-06-12 6,291 3,932 ADS 9.000000000000 699 0 699  
    REFRIGERATOR, STOVE 2008-07-15 666 398 ADS 9.000000000000 74 0 74  
    FREEZER 2008-10-17 425 242 ADS 9.000000000000 47 0 47  
    COPIER 2008-12-01 3,495 2,985 ADS 6.000000000000 510 0 510  
    LOBBY & DINING ROOM WINDOWS 2008-04-17 15,408 2,199 ADS 40.000000000000 385 0 385  
    DOUBLE ENTRY DOOR 2008-09-12 2,823 373 ADS 40.000000000000 71 0 71  
    EAST ENTRANCE REMODEL 2008-12-23 32,500 4,096 ADS 40.000000000000 813 0 813  
    EAST CANOPY 2008-12-23 37,000 4,663 ADS 40.000000000000 925 0 925  
    BATHROOM REMODEL 2009-07-27 477 53 ADS 40.000000000000 12 0 12  
    ARCH REPAIR 2009-11-16 45,000 4,641 ADS 40.000000000000 1,125 0 1,125  
    KITCHEN REMODEL 2009-12-14 3,578 362 ADS 40.000000000000 89 0 89  
    CABINETS 2009-11-16 19,099 8,754 ADS 9.000000000000 2,122 0 2,122  
    CARPET AND TILE 2009-12-14 15,443 7,078 ADS 9.000000000000 1,716 0 1,716  
    TABLES AND PLATES 2009-02-10 1,723 934 ADS 9.000000000000 192 0 192  
    TABLES 2009-03-17 2,296 1,243 ADS 9.000000000000 255 0 255  
    WASHER & DRYERS 2009-04-21 2,584 1,328 ADS 9.000000000000 287 0 287  
    PATH BASES FOR WASHER & DRYERS 2009-05-14 600 308 ADS 9.000000000000 25 0 25  
    POTS & PANS 2009-12-31 400 184 ADS 9.000000000000 45 0 45  
    TV, DVD, WII FOR REC ROOM 2009-04-21 3,880 1,994 ADS 9.000000000000 431 0 431  
    4 RANGES & 2 REFRIGERATORS 2009-04-30 1,028 528 ADS 9.000000000000 114 0 114  
    ONE RANGE & ONE REFRIGERATORS 2009-09-14 733 356 ADS 9.000000000000 81 0 81  
    COMPUTER HARD DRIVE 2009-06-15 498 461 ADS 5.000000000000 37 0 37  
    LABTOP & DESKTOP COMPUTER 2009-08-18 1,157 1,012 ADS 5.000000000000 145 0 145  
    RELOCATE 6" WATER LINE 2010-11-16 21,805 3,407 ADS 20.000000000000 1,090 0 1,090  
    SHOWER 2010-04-08 367 34 ADS 40.000000000000 9 0 9  
    ARCHITECT FEES - ENERGY & RESOURCE EFFICIENCY 2010-12-21 22,501 1,711 ADS 40.000000000000 563 0 563  
    CABINETS 2010-02-11 4,846 2,086 ADS 9.000000000000 538 0 538  
    CARPET & TILE 2010-04-08 4,987 2,009 ADS 9.000000000000 554 0 554  
    FREEZER - MAIN KITCHEN 2010-10-15 599 208 ADS 9.000000000000 67 0 67  
    RANGES 2010-02-16 319 137 ADS 9.000000000000 35 0 35  
    RANGES & REFRIGERATORS 2010-05-13 2,009 809 ADS 9.000000000000 223 0 223  
    TENANT FURNITURE 2010-11-15 1,490 517 ADS 9.000000000000 166 0 166  
    OFFICE EQUIPMENT 2010-06-17 1,119 451 ADS 9.000000000000 124 0 124  
    FORD PICKUP 2010-12-01 13,800 8,625 ADS 5.000000000000 2,760 0 2,760  
    ARCHITECT FEES - ENERGY & RESOURCE EFFICIENCY 2011-04-14 806 55 ADS 40.000000000000 20 0 20  
    SHOWER UPGRADES 2011-06-15 1,981 126 ADS 40.000000000000 50 0 50  
    ENERGY UPGRADES 2011-09-16 113,444 6,499 ADS 40.000000000000 2,836 0 2,836  
    BATHROOM UPGRADES 2011-12-15 4,861 248 ADS 40.000000000000 122 0 122  
    ADA APARTMENT RENOVATION PROJECT 2011-12-19 29,719 1,517 ADS 40.000000000000 743 0 743  
    DRINKING FOUNTAIN 2011-04-14 570 158 ADS 9.000000000000 63 0 63  
    FLOORING 2011-10-14 3,150 174 ADS 40.000000000000 79 0 79  
    FRONT LOAD WASHER 2011-05-17 967 269 ADS 9.000000000000 107 0 107  
    APPLIANCES 2011-04-14 2,745 763 ADS 9.000000000000 305 0 305  
    DINING ROOM CHAIRS 2011-09-16 4,500 1,250 ADS 9.000000000000 500 0 500  
    APPLIANCES 2011-10-14 46 13 ADS 9.000000000000 5 0 5  
    APPLIANCES 2011-12-20 784 218 ADS 9.000000000000 87 0 87  
    OFFICE DESK 2011-05-17 850 213 ADS 10.000000000000 85 0 85  
    WEST PARKING LOT PROJECT 2011-07-18 21,739 2,717 ADS 20.000000000000 1,087 0 1,087  
    APARTMENT UPGRADES 2012-08-16 57,420 1,974 ADS 40.000000000000 1,435 0 1,435  
    ADA APARTMENT RENOVATION 2012-03-16 909 41 ADS 40.000000000000 23 0 23  
    BATHROOM UPGRADES 2012-04-12 801 34 ADS 40.000000000000 20 0 20  
    CABINETS & COUNTERTOP PROJECT 2012-11-19 11,728 1,466 ADS 9.000000000000 1,303 0 1,303  
    FLOORING 2012-12-17 16,185 2,023 ADS 9.000000000000 1,798 0 1,798  
    FOOD PROCESSOR 2012-10-15 899 112 ADS 9.000000000000 100 0 100  
    APPLIANCES 2012-08-31 3,948 603 ADS 9.000000000000 439 0 439  
    STEP LADDERS 2012-05-17 434 78 ADS 9.000000000000 48 0 48  
    OFFICE DESK 2012-11-19 640 72 ADS 10.000000000000 64 0 64  
    TRASH CAN CEMENT PAD 2012-07-16 2,272 156 ADS 20.000000000000 114 0 114  
    FLAG POLE/LIGHT PROJECT 2012-08-16 3,034 209 ADS 20.000000000000 152 0 152  
    REHAB PROJECT 2013-11-19 14,308 45 ADS 40.000000000000 358 0 358  
    SECURITY CAMERA SYSTEM 2013-04-15 14,032 974 ADS 9.000000000000 1,559 0 1,559  
    FLOORING 2013-11-19 18,010 450 ADS 5.000000000000 3,602 0 3,602  
    EMERGENCY EXIT DOOR PROJECT 2013-11-19 2,300 7 ADS 40.000000000000 58 0 58  
    DOOR REPLACEMENTS - UNIT #111 2013-12-31 565 1 ADS 40.000000000000 14 0 14  
    DISHWASHER 2013-02-19 950 83 ADS 10.000000000000 95 0 95  
    2 MAYTAG COMMERCIAL WASHERS 2013-02-20 2,825 247 ADS 10.000000000000 283 0 283  
    DINING ROOM FURNITURE 2013-08-20 2,493 94 ADS 10.000000000000 249 0 249  
    GE RANGE - UNIT 407 2013-01-22 385 28 ADS 12.000000000000 32 0 32  
    REFRIGERATOR - UNIT 408 2013-03-01 421 31 ADS 12.000000000000 35 0 35  
    RANGE - UNIT 311 2013-03-01 385 28 ADS 12.000000000000 32 0 32  
    PATIO FURNITURE 2013-05-21 800 42 ADS 12.000000000000 67 0 67  
    2 VACUUM CLEANERS 2013-06-07 1,118 140 ADS 5.000000000000 224 0 224  
    OFFICE EQUIPMENT 2013-02-19 498 44 ADS 10.000000000000 50 0 50  
    COMPUTER & MONITOR 2013-04-10 616 77 ADS 5.000000000000 123 0 123  
    KONICA COPIER 2013-07-16 4,819 361 ADS 5.000000000000 964 0 964  
    MANHOLE/SEWER LINE PROJECT 2013-12-01 26,165 164 ADS 20.000000000000 1,308 0 1,308  
    HALLWAY UPGRADES 2014-06-16 15,064   ADS 40.000000000000 204 0 204  
    CABINETS AND COUNTERTOPS 2014-03-17 11,589   ADS 9.000000000000 1,127 0 1,127  
    WATER HEATER 2014-04-15 9,840   ADS 40.000000000000 174 0 174  
    CABINETS AND COUNTERTOPS 2014-05-16 6,786   ADS 9.000000000000 471 0 471  
    EXTERIOR LIGHTING 2014-10-21 659   ADS 20.000000000000 4 0 4  
    ELECTRICAL UPGRADES 2014-07-14 3,837   ADS 40.000000000000 44 0 44  
    FLOORING 2014-12-16 57,756   ADS 5.000000000000 1,444 0 1,444  
    MAYTAG 2014-04-15 4,515   ADS 10.000000000000 282 0 282  
    MAYTAG 2014-04-15 4,480   ADS 10.000000000000 280 0 280  
    APPLIANCES 2014-02-14 2,423   ADS 12.000000000000 177 0 177  
    LOBBY FURNITURE 2014-09-15 6,546   ADS 12.000000000000 205 0 205  
    APPLIANCES 2014-12-31 708   ADS 12.000000000000 7 0 7  
    CABINETS AND COUNTERTOPS 2014-07-14 973   ADS 9.000000000000 41 0 41  
    FURNITURE AND PHONE 2005-07-01 394 335 ADS 10.000000000000 20 0 20  
    LABTOP & DESKTOP COMPUTER 2009-08-18 1,157 1,012 ADS 5.000000000000 145 0 145  
    EQUIPMENT 2004-07-01 1,469 1,469 ADS 9.000000000000 0 0 0  
    WASHER, STEAMER, REVERSE OSMOSIS MACHINE 2008-04-17 873 545 ADS 9.000000000000 36 0 36  
    APPLIANCES 2005-09-01 250 236 ADS 9.000000000000 14 0 14  
    RANGES 2010-02-16 319 137 ADS 9.000000000000 4 0 4  
    APPLIANCES 2011-10-14 415 115 ADS 9.000000000000 23 0 23  
    EQUIPMENT 2004-07-01 4,038 4,038 ADS 9.000000000000 0 0 0  
    EQUIPMENT 2001-04-01 200 200 ADS 12.000000000000 0 0 0  
    EQUIPMENT 2001-04-01 325 325 ADS 12.000000000000 0 0 0  
    EQUIPMENT 2001-04-01 325 325 ADS 12.000000000000 0 0 0  
    EQUIPMENT 2001-04-01 325 325 ADS 12.000000000000 0 0 0  
    EQUIPMENT 2001-04-01 200 200 ADS 12.000000000000 0 0 0  

    TY 2014 InvestmentsOtherSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RESIDUAL RECEIPTS AT COST 201,061 201,061
    INVESTMENT IN PARKVIEW VILLAGE, LLLP AT COST 420,989 420,989

    TY 2014 LandEtcSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DEPRECIABLE ASSETS 4,244,255 1,456,649 2,787,606 2,787,606
    LAND 55,000 0 55,000 55,000


    TY 2014 OtherAssetsSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MORTGAGE ESCROW DEPOSITS 4,512 41,453 41,453
    TENANT SECURITY DEPOSITS 28,964 31,747 31,747
    NET INTANGIBLE ASSETS 6,270 8,392 8,392
    CONSTRUCTION IN PROGRESS 0 11,047 11,047


    TY 2014 OtherExpensesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSISTED LIVING 86,234 0 35,495 50,739
    MGMT CO EMPLOYEE CHARGEBACK 167,122 838 68,444 97,840
    OFFICE EXPENSES 19,494 0 8,024 11,470
    ENTITY EXPENSES 11 0 5 6
    AMORTIZATION 1,062 0   1,062


    TY 2014 OtherIncomeSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENT REVENUE 301,704   301,704
    LAUNDRY AND VENDING 4,504   4,504
    MISCELLANEOUS REVENUE 310   310
    TENANT CHARGES 160   160
    MEAL SERVICE INCOME 53,048   53,048


    TY 2014 OtherLiabilitiesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY DEPOSITS 17,114 19,238


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN: 81-0509083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 34,993 176 14,331 20,486