TY 2014 Form 990

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 domestic organizations and domestic governments. See Part IV, line 21 ....	2,475	2,475
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............
4	Benefits paid to or for members ....
5	Compensation of current officers, directors, trustees, and key employees ....	255,888	161,657	94,231
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 ....	62,655	39,582	23,073
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	51,335	32,431	18,904
10	Payroll taxes ...........	36,127	22,823	13,304
11	Fees for services (non-employees):
a	Management ......	120,700		120,700
b	Legal .........	348		348
c	Accounting ...........	33,000		33,000
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) ....	70,175		70,175
12	Advertising and promotion ....	889		889
13	Office expenses .......	24,798		24,798
14	Information technology ......	1,555		1,555
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 ....	3,812		3,812
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....
23	Insurance ..............	5,583		5,583
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	BAD DEBT EXPENSE	363,636		363,636
b	PROGRAM EXPENSES	25,338	25,338
c	REPAIRS AND MAINTENANCE	15,958		15,958
d	STAFF DEVELOPMENT	4,451		4,451
e	All other expenses	2,485		2,485
25	Total functional expenses. Add lines 1 through 24e	1,081,208	284,306	796,902	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).

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 .............	166,981	1	195,803
2	Savings and temporary cash investments .........	341,149	2	308,139
3	Pledges and grants receivable, net ...........	26,660	3	0
4	Accounts receivable, net .............		4
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 .............	421,487	7	861,789
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........		9	1,002
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	95,161
b	Less: accumulated depreciation .....	10b	95,161	0	10c	0
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....	43,000	12	43,000
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	558,456	15	305,480
16	Total assets. Add lines 1 through 15 (must equal line 34)......	1,557,733	16	1,715,213
	17	Accounts payable and accrued expenses .........	100,503	17	103,641
18	Grants payable .................		18
19	Deferred revenue ................		19
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..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
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....................	786,247	25	208,663
26	Total liabilities. Add lines 17 through 25.........	886,750	26	312,304
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	670,983	27	1,402,909
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 ...........	670,983	33	1,402,909
34	Total liabilities and net assets/fund balances ........	1,557,733	34	1,715,213

- 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.
right arrow

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

OMB No. 1545-0047

2014

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.)

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 in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations .............................

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

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

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

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(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 VI.)..
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 section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2014. 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—2013. 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—2014. 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 VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. 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 VI 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) 2014

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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .	215,352	101,323	108,925	128,333	1,151,615	1,705,548
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......	236,496	284,775	139,973	513,048	457,657	1,631,949
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.	451,848	386,098	248,898	641,381	1,609,272	3,337,497
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...					1,088,958	1,088,958
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..					1,088,958	1,088,958
8	Public support (Subtract line 7c from line 6.)						2,248,539

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...	451,848	386,098	248,898	641,381	1,609,272	3,337,497
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	42,000	42,000	118,721	228,888	267,384	698,993
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.	42,000	42,000	118,721	228,888	267,384	698,993
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.				355		355
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..			16,413	51,707	11,151	79,271
13	Total support. (Add lines 9, 10c, 11, and 12.)..	493,848	428,098	384,032	922,331	1,887,807	4,116,116

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

54.630 %

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

79.340 %

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

16.980 %

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

18.150 %

19a

33 1/3% support tests—2014. 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—2013. 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) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	PARKING INCOME - 2012 AMOUNT: $ 10,175. 2013 AMOUNT: $ 10,150. 2014 AMOUNT: $ 11,151. MISC INCOME - 2012 AMOUNT: $ 6,238. 2013 AMOUNT: $ 41,557.

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

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

AQUINAS HOUSING CORPORATION

Employer identification number

13-3076810

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 AQUINAS HOUSING CORPORATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 AQUINAS HOUSING CORPORATION

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
AQUINAS HOUSING CORPORATION

Employer identification number

13-3076810

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

(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

(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

(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

(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:

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

AQUINAS HOUSING CORPORATION

Employer identification number

13-3076810

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 value of contributions to (during year)
3	Aggregate value of 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)

Revenue 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:

Revenue 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) 2014

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, for escrow or custodial account liability?

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 .................
b	Buildings ................
c	Leasehold improvements ............
d	Equipment ................
e	Other .................	95,161	95,161	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				0

Schedule D (Form 990) 2014

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) DEVELOPER FEES RECEIVABLE				117,500
(2) MANAGEMENT FEE RECEIVABLE				146,706
(3) RENT RECEIVABLE				41,274






Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				305,480

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
DUE TO AFFILIATES		202,890
DUE TO HUD PROJECT		5,773







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		208,663
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) 2014

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	2,167,597
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) 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	467,333
e	Add lines 2a through 2d .....................			2e	467,333
3	Subtract line 2e from line 1.....................			3	1,700,264
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	112,870
c	Add lines 4a and 4b.......................			4c	112,870
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	1,813,134

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	1,396,847
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	428,509
e	Add lines 2a through 2d......................			2e	428,509
3	Subtract line 2e from line 1.....................			3	968,338
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	112,870
c	Add lines 4a and 4b.......................			4c	112,870
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	1,081,208

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 RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2011.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	REVENUE ATTRIBUTABLE TO RELATED PARTIES, REPORTED ON CONSOLIDATED FINANCIALS 392,410. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 73,550. SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 1,373.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	ELIMINATIONS REPORTED ON CONSOLIDATED FINANCIALS 112,870.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	EXPENSE ATTRIBUTABLE TO RELATED PARTIES, REPORTED ON CONSOLIDATED FINANCIALS 353,586. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 73,550. SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 1,373.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	ELIMINATIONS REPORTED ON CONSOLIDATED FINANCIALS 112,870.

Schedule D (Form 990) 2014

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 990-EZ 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

2014

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 BOARD REVIEW HAS BEEN CONDUCTED PRIOR TO FILING THE FORM 990. THE RETURN WILL BE REVIEWED BY THE CONTROLLER AND THEN FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY 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." 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. 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. 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.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S FORM 990 IS 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.
FORM 990, AMENDED RETURN:	AT THE TIME THE ORIGINAL FORM 990 WAS FILED, THE ORGANIZATION HAD NOT YET UNDERGONE AN AUDIT OF ITS FINANCIAL STATEMENTS. HOWEVER, SINCE THEN AN AUDIT OF THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS HAS TAKEN PLACE. THEREFORE, THE ORGANIZATION'S FORM 990 HAS BEEN AMENDED TO AGREE WITH THE AUDITED FINANCIAL STATEMENTS. ACCORDINGLY, THE FOLLOWING PARTS OF THE FORM 990 HAVE CHANGED: - PART IX, STATEMENT OF FUNCTIONAL EXPENSES - BAD DEBT EXPENSE, REPORTED ON LINE 24, WAS INCREASED BY $285,468. - PART X, BALANCE SHEET - MANAGEMENT FEE RECEIVABLE, REPORTED ON LINE 15, WAS DECREASED BY $285,468. SCHEDULE D, PART IX, OTHER ASSETS WERE ALSO UPDATED TO AGREE WITH THIS CHANGE. - PART XI, RECONCILIATION OF NET ASSETS - THIS WAS UPDATED TO AGREE TO THE ENDING NET ASSETS PER THE ISSUED FINANCIAL STATEMENTS. - PART XII, FINANCIAL STATEMENTS AND REPORTING - THIS SECTION WAS UPDATED TO STATE THAT THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED. - SCHEDULE D, PART XI, XII, AND XIII - THESE SECTIONS WERE COMPLETED TO AGREE WITH THE ISSUED CONSOLIDATED FINANCIAL STATEMENTS. - SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS, REPORTED ON LINE 2, WERE UPDATED TO REFLECT THE CHANGES TO THE DUE TO/FROM BETWEEN THE FILING ORGANIZATION AND ITS SUBORDINATES.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

AQUINAS HOUSING CORPORATION

Employer identification number

13-3076810

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) AQUINAS EMPLOYER LLC 1945 VYSE AVENUE BRONX,NY10460 46-1645806	EMPLOY MAINTENANCE STAFF FOR AQUINAS PROPERTIES	NY	0	0	AQUINAS HOUSING CORP

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
(1) CARROLL PL HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3646718	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(2) DADILA PENA DE VELEZ APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819606	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(3) FAIRMONT PL HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819617	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(4) BELLE APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3804423	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(5) BURKE APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3804424	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(6) CASELLA PLAZA HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3956960	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(7) CROTONA PKWY APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819602	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(8) GARMENDIA GARDENS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3646719	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(9) MARGARITA SANTOS APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819618	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(10) PROSPECT PL HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819621	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(11) TORRES APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819603	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(12) TREMONT APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819601	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(13) CASELLA APTS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3692875	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(14) DEACON JUAN SANTOS PLAZA II HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3498757	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(15) CLINTON COMPLEX HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3819607	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(16) AQUINAS HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3192413	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(17) EAGLE'S NEST HDFC 1945 VYSE AVENUE BRONX,NY10460 13-3580917	LOW INCOME HOUSING	NY	501(C)(3)	9	AQUINAS HOUSING CORP	Yes
(18) AQUINAS DEACON JUAN SANTOS HDFC 1945 VYSE AVENUE BRONX,NY10460 47-2237593	LOW INCOME HOUSING	NY	501(C)(3)	PENDING	AQUINAS HOUSING CORP	Yes

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

Cat. No. 50135Y

Schedule R (Form 990) 2014

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?
(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) BURKE PLAZA ASSOCIATES LP 1945 VYSE AVENUE BRONX,NY10460 16-1731267	LOW INCOME HOUSING	NY	871 EAST 179TH STREET INC	RELATED				No			No
(2) CRISCOULO COURT II LP 1945 VYSE AVENUE BRONX,NY10460 13-3554319	LOW INCOME HOUSING	NY	CRISCUOLO CORP	RELATED				No			No
(3) CRISCUOLO PLAZA ASSOCIATES LP 1945 VYSE AVENUE BRONX,NY10460 02-0549688	LOW INCOME HOUSING	NY	938 EAST TREMONT AVE INC	RELATED				No			No
(4) ELSMERE LP 1945 VYSE AVENUE BRONX,NY10460 13-3880663	LOW INCOME HOUSING	NY	ELSMERE CORPORATION	RELATED				No			No
(5) ESTRELLA VARGAS LP 1945 VYSE AVENUE BRONX,NY10460 56-2463619	LOW INCOME HOUSING	NY	RESIDENCIA ESTRALLA VARGAS	RELATED				No			No
(6) J RAVEN LP 1945 VYSE AVENUE BRONX,NY10460 13-3615104	LOW INCOME HOUSING	NY	J RAVEN CORPORATION	RELATED				No			No
(7) MIGUEL SOSA ESTATES LP 1945 VYSE AVENUE BRONX,NY10460 13-4083437	LOW INCOME HOUSING	NY	SOSA CORP	RELATED				No			No
(8) VYSE AVE LP 1945 VYSE AVENUE BRONX,NY10460 13-3501703	LOW INCOME HOUSING	NY	1965 VYSE AVENUE INC	RELATED				No			No

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	(h) Percentage ownership	(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
(1) HOB II INC 1945 VYSE AVENUE BRONX,NY10460 13-4150181	MANAGING AGENT	NY	AQUINAS HOUSING CORP	C	276,749	457,719	100.000 %	Yes
(2) HEART OF THE BRONX MANAGEMENT CORP 1945 VYSE AVENUE BRONX,NY10460 13-3464429	MANAGING AGENT	NY	AQUINAS HOUSING CORP	C		376,793	100.000 %	Yes
(3) 1965 VYSE AVENUE INC 1945 VYSE AVENUE BRONX,NY10460 52-1603426	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	300	15,403	100.000 %	Yes
(4) CRISCUOLO CORP 1945 VYSE AVENUE BRONX,NY10460 13-3531082	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	18,586	8,481	100.000 %	Yes
(5) J RAVEN CORPORATION 1945 VYSE AVENUE BRONX,NY10460 13-3599799	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	15,508	6,981	100.000 %	Yes
(6) ELSMERE CORPORATION 1945 VYSE AVENUE BRONX,NY10460 13-3874541	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	29,510	56,627	100.000 %	Yes
(7) 938 EAST TREMONT CORPORATION 1945 VYSE AVENUE BRONX,NY10460 13-4201332	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	1	288,660	100.000 %	Yes
(8) SOSA CORPORATION 1945 VYSE AVENUE BRONX,NY10460 13-4074560	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	29,781	8,866	100.000 %	Yes
(9) 871 EAST 179TH STREET 1945 VYSE AVENUE BRONX,NY10460 65-1258121	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	7,380	498,556	100.000 %	Yes
(10) RESIDENCIA ESTRELLA VARGAS INC 1945 VYSE AVENUE BRONX,NY10460 56-2463615	LOW INCOME HOUSING	NY	AQUINAS HOUSING CORP	C	7,378	22,607	100.000 %	Yes

Schedule R (Form 990) 2014

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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) . . . . . . . . . . . . . . . . . . . .

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

Yes

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

Yes

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

Yes

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

Yes

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) HOB II INC	P	870,215	COST
(2) DADILA PENA DE VELEZ APTS HDFC	C	1,088,958	COST
(3) GARMENDIA GARDENS HDFC	P	134,985	COST
(4) TREMONT APTS HDFC	P	119,884	COST
(5) BURKE PLAZA LP	Q	64,195	COST
(6) CARROLL PLACE HDFC	Q	65,404	COST
(7) CLINTON COMPLEX HDFC	Q	51,472	COST

Schedule R (Form 990) 2014

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) 2014

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) 2014

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE SERVICES AND HOUSING TO LOW INCOME RESIDENTS OF THE SOUTH BRONX
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	5
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	11
6	Total number of volunteers (estimate if necessary) .............	6	6
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	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	128,333	1,151,615
9	Program service revenue (Part VIII, line 2g) .........	513,048	457,657
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	390	490
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	208,560	203,372
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	850,331	1,813,134
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,350	2,475
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)	370,476	406,005
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)....	258,993	672,728
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	630,819	1,081,208
19	Revenue less expenses. Subtract line 18 from line 12.......	219,512	731,926
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,557,733	1,715,213
21	Total liabilities (Part X, line 26).............	886,750	312,304
22	Net assets or fund balances. Subtract line 21 from line 20.....	670,983	1,402,909

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 284,306 including grants of $ 2,475 ) (Revenue $ 457,657 )
	AQUINAS HOUSING CORPORATION'S STEPPING STONE CHILDCARE RESOURCE AND TRAINING PROGRAM HAS BEEN IN OPERATION SINCE JUNE OF 1999. THE PROGRAM SEEKS TO PROVIDE PROSPECTIVE CHILDCARE PROVIDERS WITH THE TOOLS THEY NEED TO ESTABLISH & GROW THEIR OWN CHILDCARE BUSINESSES, THEREBY CREATING ECONOMIC OPPORTUNITY AND QUALITY CHILDCARE CARE OPTIONS IN OUR OWN NEIGHBORHOOD - THE EAST TREMONT AND WEST FARMS SQUARE SECTION OF THE BRONX. AT AHC'S OFFICE HEADQUARTERS, THE FACILITY ACCOMMODATES TRAINING SESSIONS FOR PROSPECTIVE PROVIDERS WHEREIN THEY LEARN ABOUT BASIC CHILD DEVELOPMENT ISSUES, AS WELL AS COMPLEXITIES SURROUNDING THE CREATION AND EFFECTIVE MANAGEMENT OF A BUSINESS. STEPPING STONE'S INITIAL GOAL WAS TO FACILITATE THE PLACING OF 100 CHILDREN OF BRONX COMMUNITY DISTRICT 6 INTO QUALITY CHILDCARE ARRANGEMENTS, A GOAL WHICH HAS LONG BEEN SURPASSED. TO DATE STEPPING STONE HAS TRAINED NEARLY 1000 PARTICIPANTS, THE MAJORITY OF WHICH ARE NOW OPERATING IN THE BRONX. STEPPING STONE CONTINUES TO OFFER THOSE GRADUATED SERVICE PROVIDERS TECHNICAL ASSISTANCE. AT PRESENT THE STEPPING STONE NETWORK HAS 35 PROVIDERS IN OUR NETWORK. AT THE SAME TIME WE CONTINUE TO OFFER TECHNICAL SUPPORT TO THE HUNDREDS OF AFOREMENTIONED GRADUATES OF OUR PROGRAM WHO HAVE BECOME PART OF OTHER CHILDCARE NETWORKS THROUGHOUT THE BOROUGH, CITY AND NORTH EAST REGION. TRAINING SESSION TOPICS INCLUDE INDOOR AND OUTDOOR CHILD SAFETY, CHILD ABUSE AND MALTREATMENT, SUDDEN INFANT DEATH SYNDROME, EMERGENCY PREPAREDNESS, IMMUNIZATION WORKSHOPS AND FIRST AID/CPR. ADDITIONALLY, WE OFFER A FOCUS ON GUIDING THE BEHAVIOR OF THE CHILDREN ENROLLED WITH OUR PROVIDERS BY OFFERING INSTRUCTION ON PROPER NUTRITION, FOOD SAFETY, BUILDING PARTNERSHIPS WITH PARENTS AND THE PROPER WAY TO CREATE ENVIRONMENTS WITHIN THE CHILDCARE FACILITY THAT ARE SUITED TO THE NEEDS OF EACH CHILD. WE ALSO OFFER INSTRUCTION FOCUSED ON THE BASICS OF BUSINESS MANAGEMENT ON ITEMS SUCH AS TAX PREPARATION, CONTRACT AND POLICY LAW, STATE REGULATIONS AND RECORD KEEPING. OVER THE COURSE OF 2014, AQUINAS TRAINED MORE THAN 55 STUDENTS. ABOUT 30% OF THESE STUDENTS ARE JUST BEGINNING THE PROCESS OF TRAINING TO BECOME CERTIFIED AND QUALIFIED TO OPEN AN IN-HOME CHILDCARE PROVIDERSHIP.AQUINAS HOUSING CORPORATION BEGAN ITS SENIOR SERVICES PROGRAM IN 1987.THROUGH OUR SENIOR SERVICE PROGRAM, WE PROVIDE A WIDE RANGE OF SERVICES TO SENIOR CITIZENS LIVING IN OUR COMMUNITY. AQUINAS HOUSING CORPORATION IS THE SPONSOR OF THREE HUD SENIOR CITIZEN PROPERTIES, AND THESE PROGRAM FACILITIES AND OFFICES ARE BASED WITHIN EACH. HOWEVER, THE PROGRAM'S OFFERING ARE NOT LIMITED TO THE RESIDENTS OF THOSE PROPERTIES. THE ENTIRE COMMUNITY IS WELCOME TO UTILIZE OUR PROGRAMMING. THE BROAD GOAL OF THE PROGRAM IS TO GIVE FAMILIES AND INDIVIDUAL SENIORS THE RESOURCES TO IMPROVE AND SUSTAIN AN INDEPENDENT LIFESTYLE. WE WORK TO MAINTAIN THE PHYSICAL, PSYCHOLOGICAL AND SOCIAL WELL-BEING OF OUR SENIORS, AND TO MAKE CERTAIN THAT THEY RECEIVE THE ATTENTION AND THE BENEFITS THEY DESERVE. SOCIAL, CULTURAL AND RECREATIONAL ACTIVITIES FOR OUR SENIORS ARE HELD IN GROUP SETTINGS, AND WE SCHEDULE ARTS AND CRAFTS CLASSES, GAME NIGHTS AND MOVIE NIGHTS REGULARLY DURING THE WEEK. WE ALSO ARRANGE MONTHLY MEDICAL WORKSHOPS FOCUSED ON A NUMBER OF ISSUES SUCH AS BLOOD PRESSURE AWARENESS AND STROKE PREVENTION, ELDER ABUSE, MEDICAID AND MEDICARE NAVIGATION, FIRE SAFETY AND DIABETES. WE HOLD PERIODIC WORKSHOPS AND SEMINARS ADDRESSING SUCH TOPICS AS BEREAVEMENT AND LIVING WILLS. OUR STAFF MEMBERS ALSO LEAD BI-WEEKLY FOOD SHOPPING TRIPS AND FREQUENTLY ARRANGE FIELD TRIPS FOR OUR SENIORS TO ATTRACTIONS WITHIN THE BRONX AND THE REST OF NEW YORK CITY AS WELL AS SEMI-ANNUAL TRIPS TO LOCATIONS SUCH AS THE POCONOS AND ATLANTIC CITY. THE AQUINAS HOUSING SENIOR SERVICE PROGRAM IS DEDICATED TO ASSIST THE SENIOR CITIZENRY OF EAST TREMONT AND WEST FARMS IN ACHIEVING THE HIGHEST POSSIBLE QUALITY OF LIFE, BOTH IN THE PHYSICAL AND MENTAL SENSE.THE AQUINAS HOUSING AFTER SCHOOL PROGRAM PROVIDES EDUCATIONAL SUPPORT FOR THE CHILDREN OF RESIDENTS OF THE EAST TREMONT AND WEST FARMS AREAS DURING THE AFTER-SCHOOL HOURS OF 2:30PM - 5:30PM. EACH YEAR, PROGRAM ENROLLMENT RANGES FROM 15-20 STUDENTS. PROGRAM STAFFS PERFORM SEVERAL WORKSHOPS THROUGH THE SCHOOL YEAR COVERING TOPICS SUCH AS PROPER HYGIENE, NUTRITION, HEALTH AND SAFETY AND LIBRARY SCIENCE. TWICE - MONTHLY TRIPS TO THE NYC PUBLIC LIBRARY SYSTEM FACILITIES ARE STAPLES OF THE PROGRAM. PROGRAM STAFFS ALSO OFFER HOMEWORK ASSISTANCE AND GUIDE PARENTS TO RESOURCES IN THE AREAS OF LITERACY AND MATHEMATICS FOR USE AFTER PROGRAM HOURS HAVE ENDED.

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 expenses284,306

(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) JOHN BURKE........................................................................ BOARD MEMBER	35.00 .......................0.00	X		40,000	0	0
(2) VALERIE TORRES........................................................................ CHAIRPERSON	5.00 .......................5.00	X	X	0	0	0
(3) MARGARITA SANTOS........................................................................ BOARD MEMBER-TERM ENDED IN 2014	1.00 .......................1.00	X		0	0	0
(4) EVELYN VELAZQUEZ........................................................................ SECRETARY	5.00 .......................5.00	X	X	0	0	0
(5) JASON BOROFF........................................................................ VICE-CHAIR	5.00 .......................5.00	X	X	0	0	0
(6) MICHAEL GILFEATHER........................................................................ TREASURER	1.00 .......................1.00	X	X	0	0	0
(7) MICHAEL BRENNAN........................................................................ EXECUTIVE DIRECTOR	20.00 .......................20.00		X	109,539	0	0
(8) LINDA CASELLA........................................................................ CONTROLLER	20.00 .......................20.00		X	106,350	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	255,889	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





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 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		1,088,958
e	Government grants (contributions)1e		54,407

f	All other contributions, gifts, grants, and similar amounts not included above1f		8,250

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			1,151,615
			Business Code
2a	SOCIAL SERVICE FEES		624200	237,476	237,476
b	ADMINISTRATIVE FEES		561000	112,870	112,870
c	PARTNERSHIP MANAGEMENT		561000	107,311	107,311
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			457,657
3	Investment income (including dividends, interest, and other similar amounts).......			490			490
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents	266,894
b	Less: rental expenses	73,550
c	Rental income or (loss)	193,344
d	Net rental income or (loss).......			193,344			193,344
		(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		250
b	Less: direct expenses ...b		1,373
c	Net income or (loss) from fundraising events..			-1,123			-1,123
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	PARKING INCOME		812930	11,151			11,151
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			11,151
12	Total revenue. See Instructions......			1,813,134	457,657	0	203,862


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			166,981	1	195,803
2	Savings and temporary cash investments .........			341,149	2	308,139
3	Pledges and grants receivable, net ...........			26,660	3	0
4	Accounts receivable, net .............				4
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 .............			421,487	7	861,789
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ..........				9	1,002
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	95,161
b	Less: accumulated depreciation .....	10b	95,161	0	10c	0
11	Investments—publicly traded securities ..........				11
12	Investments—other securities. See Part IV, line 11 .....			43,000	12	43,000
13	Investments—program-related. See Part IV, line 11 .....				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			558,456	15	305,480
16	Total assets. Add lines 1 through 15 (must equal line 34)......			1,557,733	16	1,715,213
17	Accounts payable and accrued expenses .........			100,503	17	103,641
18	Grants payable .................				18
19	Deferred revenue ................				19
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..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
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....................			786,247	25	208,663
26	Total liabilities. Add lines 17 through 25.........			886,750	26	312,304
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			670,983	27	1,402,909
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 ...........			670,983	33	1,402,909
34	Total liabilities and net assets/fund balances ........			1,557,733	34	1,715,213