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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,812,650J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 330,321
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 595 595  
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 -1,824
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 370,646 0 370,646
12 Total. Add lines 1 through 11........ 699,738 595 370,646
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 3,665 17 1,435 2,213
c Other professional fees (attach schedule).... Click to see attachment 35,654 169 13,960 21,526
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 143,025 0 143,025
20 Occupancy.............. 284,626 0 111,971 172,655
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 9,352 0 3,679 5,673
23 Other expenses (attach schedule)....... Click to see list of attachments 252,239 846 96,579 154,814
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 728,561 1,032 370,649 356,881
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 728,561 1,032 370,649 356,881
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -28,823
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 (2015)
Form 990-PF (2015)
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............. 100 100 100
2 Savings and temporary cash investments......... 108,864 79,497 79,497
3 Accounts receivable bullet211,004
Less: allowance for doubtful accounts bullet   224,044 211,004 211,004
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.......... 3,084 6,505 6,505
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).......... 622,050 Click to see attachment628,200 628,200
14 Land, buildings, and equipment: basis bullet4,359,495
Less: accumulated depreciation (attach schedule) bullet1,597,105 2,842,606 Click to see attachment2,762,390 2,762,390
15 Other assets (describe bullet) Click to see attachment92,639 Click to see attachment124,954 Click to see attachment124,954
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,893,387 3,812,650 3,812,650
Liabilities 17 Accounts payable and accrued expenses.......... 87,111 58,896
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,056,362 1,033,057
22 Other liabilities (describe bullet) Click to see attachment19,238 Click to see attachment18,844
23 Total liabilities (add lines 17 through 22)......... 1,162,711 1,110,797
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 2,730,676 2,701,853
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)..... 2,730,676 2,701,853
31 Total liabilities and net assets/fund balances (see instructions). 3,893,387 3,812,650
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
2,730,676
2
Enter amount from Part I, line 27a .....................
2
-28,823
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,701,853
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
2,701,853
Form 990-PF (2015)
Form 990-PF (2015)
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 LABTOP & DESKTOP COMPUTER P 2009-08-18 2015-12-31
b DEFERRED FINANCE FEES P 2011-01-28 2015-09-02
c OFFICE DESK P 2011-05-17 2015-02-17
d GE RANGE - UNIT 407 P 2013-01-22 2015-01-29
e FENCE AND WINDOW UNIT P 2005-07-15 2015-12-31
EQUIPMENT P 2001-04-01 2015-09-25
APPLIANCES P 2005-09-01 2015-10-15
APPLIANCES P 2012-08-31 2015-11-24
APPLIANCES P 2014-02-14 2015-09-15
(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   1,157 1,157 0
b   8,851 8,851 0
c   341 850 -509
d   64 385 -321
e   126 483 -357
  325 325 0
  350 350 0
  152 421 -269
  53 421 -368
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       0
b       0
c       -509
d       -321
e       -357
      0
      0
      -269
      -368
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 -1,824
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))
2014 326,461 628,469 0.519454
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
2
Total of line 1, column (d) .....................
22.872170
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
0.574434
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
708,615
5
Multiply line 4 by line 3......................
5
407,053
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
0
7
Add lines 5 and 6........................
7
407,053
8
Enter qualifying distributions from Part XII, line 4.............
8
356,881
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 (2015)
Form 990-PF (2015)
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 Bullet and 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 2015 estimated tax payments and 2014 overpayment credited to 2015 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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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  
    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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    719,406
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    719,406
    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
    719,406
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    10,791
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    708,615
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    35,431
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    35,431
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (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
    35,431
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    35,431
    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
    35,431
    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
    356,881
    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
    356,881
    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
    356,881
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 35,431
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 277,684
    b From 2011...... 255,962
    c From 2012...... 246,209
    d From 2013...... 94,805
    e From 2014...... 295,038
    fTotal of lines 3a through e........ 1,169,698
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 356,881
    a Applied to 2014, 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 2015 distributable amount..... 35,431
    e Remaining amount distributed out of corpus 321,450
    5 Excess distributions carryover applied to 2015. 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 1,491,148
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		277,684
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,213,464
    10 Analysis of line 9:
    a Excess from 2011.... 255,962
    b Excess from 2012.... 246,209
    c Excess from 2013.... 94,805
    d Excess from 2014.... 295,038
    e Excess from 2015.... 321,450
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 (2015)
    Form 990-PF (2015)
    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 (2015)
    Form 990-PF (2015)
    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         314,289
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 595  
    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 ............     		        -1,824
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aLAUNDRY AND VENDING     		    03 5,100  
    bMISCELLANEOUS REVENUE     03 2,281  
    cTENANT CHARGES     03 0  
    dMEAL SERVICE INCOME         48,976
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,976 361,441
    13Total. Add line 12, columns (b), (d), and (e)..................
    13369,417
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    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
    2015
    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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) 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

    		$ 330,321


    (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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    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) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN:
    81-0509083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,665 17 1,435 2,213

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 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 3,467 120.000000000000 5,384 0 5,384 8,851
    DEFERRED LOAN FEES 2014-02-19 3,184 177 180.000000000000 212 0 212 389
    LOAN COSTS 2015-09-02 13,376   180.000000000000 297 0 297 297

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    TY 2015 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 2,426,692 831,648 ADS 40.000000000000 60,667 0 60,667  
    EQUIPMENT 2001-04-01 63,401 63,401 ADS 12.000000000000 0 0 0  
    BUILDING REHAB 2001-09-02 62,485 20,763 ADS 40.000000000000 1,562 0 1,562  
    LAND IMPROVEMENTS 2001-09-02 15,695 10,499 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 33,031 ADS 40.000000000000 2,582 0 2,582  
    ALARM PULL CORD SYSTEM 2002-05-15 8,382 2,645 ADS 40.000000000000 210 0 210  
    AIR CONDITIONING UNITS 2002-08-20 8,260 2,555 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 2,560 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 4,323 SL 20.000000000000 376 0 376  
    OFFICE REMODEL 2003-07-01 9,418 2,698 ADS 40.000000000000 235 0 235  
    ROOF DRAINS 2003-07-01 3,175 910 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 6,213 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 53,966 SL 20.000000000000 5,140 0 5,140  
    FURNITURE AND PHONE 2005-07-01 3,482 3,307 ADS 10.000000000000 174 0 175  
    APPLIANCES 2006-07-01 3,018 2,808 ADS 9.000000000000 210 0 210  
    EQUIPMENT 2006-07-01 1,557 1,449 ADS 9.000000000000 108 0 108  
    APPLIANCES 2005-11-30 3,845 3,845 ADS 9.000000000000 0 0 0  
    DOORS 2005-05-11 1,777 428 ADS 40.000000000000 44 0 44  
    DOOR AND AC UNITS (ROOF) 2005-06-14 12,155 2,900 ADS 40.000000000000 304 0 304  
    FENCE AND WINDOW UNIT 2005-07-15 2,100 497 ADS 40.000000000000 53 0 53  
    AC UNITS 2005-09-13 4,038 938 ADS 40.000000000000 101 0 101  
    APPLIANCES 2005-09-01 3,797 3,797 ADS 9.000000000000 0 0 0  
    ELEVATOR REMODELING 2006-03-01 89,399 19,649 ADS 40.000000000000 2,235 0 2,235  
    WINDOWS AND SIDING 2006-09-01 179,051 37,116 ADS 40.000000000000 4,476 0 4,476  
    ELEVATOR REMOD 2005-12-31 27,449 6,205 ADS 40.000000000000 686 0 686  
    POWER WASHER 2005-05-17 865 865 ADS 9.000000000000 0 0 0  
    WINDOWS AND SIDING 2005-12-30 8,857 2,002 ADS 40.000000000000 221 0 221  
    APPLIANCES 2006-12-01 1,694 1,529 ADS 9.000000000000 165 0 165  
    EQUIPMENT 2006-12-31 2,141 1,933 ADS 9.000000000000 208 0 208  
    TILE 2007-12-01 9,679 7,663 ADS 9.000000000000 1,075 0 1,075  
    CABINETS 2007-12-14 8,052 6,375 ADS 9.000000000000 895 0 895  
    SHELVING FOR STORE ROOM 2007-05-16 3,328 2,819 ADS 9.000000000000 370 0 370  
    APPLIANCES 2007-07-01 4,185 3,429 ADS 9.000000000000 465 0 465  
    WINDOWS & SIDING-FINAL 2007-07-01 73,434 13,692 ADS 40.000000000000 1,836 0 1,836  
    LANDSCAPE BRICK WORK 2008-08-18 3,500 1,116 ADS 20.000000000000 175 0 175  
    OUTDOOR LOGO SIGNAGE 2008-09-12 487 155 ADS 20.000000000000 24 0 24  
    ELECTRICAL 2008-05-16 1,991 330 ADS 40.000000000000 50 0 50  
    FURNACE AND AIR CONDITIONER 2008-10-17 8,150 1,265 ADS 40.000000000000 204 0 204  
    DINING ROOM WALL 2008-12-23 2,844 430 ADS 40.000000000000 71 0 71  
    CABINETS 2008-04-17 1,815 1,336 ADS 9.000000000000 202 0 202  
    FLOORING 2008-12-11 10,593 7,209 ADS 9.000000000000 1,177 0 1,177  
    WASHER, STEAMER, REVERSE OSMOSIS MACHINE 2008-04-17 8,643 6,362 ADS 9.000000000000 960 0 960  
    WASHER 2008-06-11 1,010 743 ADS 9.000000000000 112 0 112  
    FOOD PROCESSOR 2008-12-03 451 307 ADS 9.000000000000 50 0 50  
    RANGES, REFRIGERATOR 2008-02-13 524 400 ADS 9.000000000000 58 0 58  
    REFRIGERATORS, FREEZER, TOASTER 2008-06-12 6,291 4,631 ADS 9.000000000000 699 0 699  
    REFRIGERATOR, STOVE 2008-07-15 666 472 ADS 9.000000000000 74 0 74  
    FREEZER 2008-10-17 425 289 ADS 9.000000000000 47 0 47  
    COPIER 2008-12-01 3,495 3,495 ADS 6.000000000000 0 0 0  
    LOBBY & DINING ROOM WINDOWS 2008-04-17 15,408 2,584 ADS 40.000000000000 385 0 385  
    DOUBLE ENTRY DOOR 2008-09-12 2,823 444 ADS 40.000000000000 71 0 71  
    EAST ENTRANCE REMODEL 2008-12-23 32,500 4,909 ADS 40.000000000000 813 0 813  
    EAST CANOPY 2008-12-23 37,000 5,588 ADS 40.000000000000 925 0 925  
    BATHROOM REMODEL 2009-07-27 477 65 ADS 40.000000000000 12 0 12  
    ARCH REPAIR 2009-11-16 45,000 5,766 ADS 40.000000000000 1,125 0 1,125  
    KITCHEN REMODEL 2009-12-14 3,578 451 ADS 40.000000000000 89 0 89  
    CABINETS 2009-11-16 19,099 10,876 ADS 9.000000000000 2,122 0 2,122  
    CARPET AND TILE 2009-12-14 15,443 8,794 ADS 9.000000000000 1,716 0 1,716  
    TABLES AND PLATES 2009-02-10 1,723 1,125 ADS 9.000000000000 191 0 191  
    TABLES 2009-03-17 2,296 1,498 ADS 9.000000000000 255 0 255  
    WASHER & DRYERS 2009-04-21 2,584 1,615 ADS 9.000000000000 287 0 287  
    POTS & PANS 2009-12-31 400 228 ADS 9.000000000000 45 0 45  
    TV, DVD, WII FOR REC ROOM 2009-04-21 3,880 2,425 ADS 9.000000000000 431 0 431  
    4 RANGES & 2 REFRIGERATORS 2009-04-30 1,028 642 ADS 9.000000000000 114 0 114  
    ONE RANGE & ONE REFRIGERATORS 2009-09-14 733 438 ADS 9.000000000000 81 0 81  
    COMPUTER HARD DRIVE 2009-06-15 498 498 ADS 5.000000000000 0 0 0  
    LABTOP & DESKTOP COMPUTER 2009-08-18 1,157 1,157 ADS 5.000000000000 0 0 0  
    RELOCATE 6" WATER LINE 2010-11-16 21,805 4,497 ADS 20.000000000000 1,090 0 1,090  
    SHOWER 2010-04-08 367 43 ADS 40.000000000000 9 0 9  
    ARCHITECT FEES - ENERGY & RESOURCE EFFICIENCY 2010-12-21 22,501 2,274 ADS 40.000000000000 563 0 563  
    CABINETS 2010-02-11 4,846 2,625 ADS 9.000000000000 538 0 538  
    CARPET & TILE 2010-04-08 4,987 2,563 ADS 9.000000000000 554 0 554  
    FREEZER - MAIN KITCHEN 2010-10-15 599 275 ADS 9.000000000000 67 0 67  
    RANGES 2010-02-16 319 173 ADS 9.000000000000 35 0 35  
    RANGES & REFRIGERATORS 2010-05-13 2,009 1,032 ADS 9.000000000000 223 0 223  
    TENANT FURNITURE 2010-11-15 1,490 683 ADS 9.000000000000 166 0 166  
    OFFICE EQUIPMENT 2010-06-17 1,119 575 ADS 9.000000000000 124 0 124  
    FORD PICKUP 2010-12-01 13,800 11,385 ADS 5.000000000000 2,415 0 2,415  
    ARCHITECT FEES - ENERGY & RESOURCE EFFICIENCY 2011-04-14 806 75 ADS 40.000000000000 20 0 20  
    SHOWER UPGRADES 2011-06-15 1,981 175 ADS 40.000000000000 50 0 50  
    ENERGY UPGRADES 2011-09-16 113,444 9,335 ADS 40.000000000000 2,836 0 2,836  
    BATHROOM UPGRADES 2011-12-15 4,861 370 ADS 40.000000000000 122 0 122  
    ADA APARTMENT RENOVATION PROJECT 2011-12-19 29,719 2,260 ADS 40.000000000000 743 0 743  
    DRINKING FOUNTAIN 2011-04-14 570 222 ADS 9.000000000000 63 0 63  
    FLOORING 2011-10-14 3,150 253 ADS 40.000000000000 79 0 79  
    FRONT LOAD WASHER 2011-05-17 967 376 ADS 9.000000000000 107 0 107  
    APPLIANCES 2011-04-14 2,745 1,068 ADS 9.000000000000 305 0 305  
    DINING ROOM CHAIRS 2011-09-16 4,500 1,750 ADS 9.000000000000 500 0 500  
    APPLIANCES 2011-10-14 46 18 ADS 9.000000000000 5 0 5  
    APPLIANCES 2011-12-20 784 305 ADS 9.000000000000 87 0 87  
    OFFICE DESK 2011-05-17 850 298 ADS 10.000000000000 43 0 43  
    WEST PARKING LOT PROJECT 2011-07-18 21,739 3,804 ADS 20.000000000000 1,087 0 1,087  
    APARTMENT UPGRADES 2012-08-16 57,420 3,410 ADS 40.000000000000 1,435 0 1,435  
    ADA APARTMENT RENOVATION 2012-03-16 909 63 ADS 40.000000000000 23 0 23  
    BATHROOM UPGRADES 2012-04-12 801 54 ADS 40.000000000000 20 0 20  
    CABINETS & COUNTERTOP PROJECT 2012-11-19 11,728 2,769 ADS 9.000000000000 1,303 0 1,303  
    FLOORING 2012-12-17 16,185 3,822 ADS 9.000000000000 1,798 0 1,798  
    FOOD PROCESSOR 2012-10-15 899 212 ADS 9.000000000000 100 0 100  
    APPLIANCES 2012-08-31 3,527 931 ADS 9.000000000000 392 0 392  
    STEP LADDERS 2012-05-17 434 127 ADS 9.000000000000 48 0 48  
    OFFICE DESK 2012-11-19 640 136 ADS 10.000000000000 64 0 64  
    TRASH CAN CEMENT PAD 2012-07-16 2,272 270 ADS 20.000000000000 114 0 114  
    FLAG POLE/LIGHT PROJECT 2012-08-16 3,034 360 ADS 20.000000000000 152 0 152  
    REHAB PROJECT 2013-11-19 14,308 402 ADS 40.000000000000 358 0 358  
    SECURITY CAMERA SYSTEM 2013-04-15 14,032 2,534 ADS 9.000000000000 1,559 0 1,559  
    FLOORING 2013-11-19 18,010 4,052 ADS 5.000000000000 3,602 0 3,602  
    EMERGENCY EXIT DOOR PROJECT 2013-11-19 2,300 65 ADS 40.000000000000 58 0 58  
    DOOR REPLACEMENTS - UNIT #111 2013-12-31 565 15 ADS 40.000000000000 14 0 14  
    DISHWASHER 2013-02-19 950 178 ADS 10.000000000000 95 0 95  
    2 MAYTAG COMMERCIAL WASHERS 2013-02-20 2,825 530 ADS 10.000000000000 283 0 283  
    DINING ROOM FURNITURE 2013-08-20 2,493 343 ADS 10.000000000000 249 0 249  
    GE RANGE - UNIT 407 2013-01-22 385 60 ADS 12.000000000000 4 0 4  
    REFRIGERATOR - UNIT 408 2013-03-01 421 66 ADS 12.000000000000 35 0 35  
    RANGE - UNIT 311 2013-03-01 385 60 ADS 12.000000000000 32 0 32  
    PATIO FURNITURE 2013-05-21 800 108 ADS 12.000000000000 67 0 67  
    2 VACUUM CLEANERS 2013-06-07 1,118 363 ADS 5.000000000000 224 0 224  
    OFFICE EQUIPMENT 2013-02-19 498 93 ADS 10.000000000000 50 0 50  
    COMPUTER & MONITOR 2013-04-10 616 200 ADS 5.000000000000 123 0 123  
    KONICA COPIER 2013-07-16 4,819 1,325 ADS 5.000000000000 964 0 964  
    MANHOLE/SEWER LINE PROJECT 2013-12-01 26,165 1,472 ADS 20.000000000000 1,308 0 1,308  
    HALLWAY UPGRADES 2014-06-16 15,064 204 ADS 40.000000000000 377 0 377  
    CABINETS AND COUNTERTOPS 2014-03-17 11,589 1,127 ADS 9.000000000000 1,288 0 1,288  
    WATER HEATER 2014-04-15 9,840 174 ADS 40.000000000000 246 0 246  
    CABINETS AND COUNTERTOPS 2014-05-16 6,786 471 ADS 9.000000000000 754 0 754  
    EXTERIOR LIGHTING 2014-10-21 659 4 ADS 20.000000000000 33 0 33  
    ELECTRICAL UPGRADES 2014-07-14 3,837 44 ADS 40.000000000000 96 0 96  
    FLOORING 2014-12-16 57,756 1,444 ADS 5.000000000000 11,551 0 11,551  
    MAYTAG 2014-04-15 4,515 282 ADS 10.000000000000 452 0 452  
    MAYTAG 2014-04-15 4,480 280 ADS 10.000000000000 448 0 448  
    APPLIANCES 2014-02-14 2,002 146 ADS 12.000000000000 167 0 167  
    LOBBY FURNITURE 2014-09-15 6,546 205 ADS 12.000000000000 546 0 546  
    APPLIANCES 2014-12-31 708 7 ADS 12.000000000000 59 0 59  
    CABINETS AND COUNTERTOPS 2014-07-14 973 41 ADS 9.000000000000 108 0 108  
    FENCE AND WINDOW UNIT 2005-07-15 483 114 ADS 40.000000000000 12 0 12  
    EQUIPMENT 2001-04-01 325 325 ADS 12.000000000000 0 0 0  
    APPLIANCES 2005-09-01 350 350 ADS 9.000000000000 0 0 0  
    APPLIANCES 2012-08-31 421 111 ADS 9.000000000000 41 0 41  
    APPLIANCES 2014-02-14 421 31 ADS 12.000000000000 22 0 22  
    WATER HEATER 2015-10-20 35,468   ADS 40.000000000000 185 0 185  
    ELECTRICAL 2015-04-21 1,541   ADS 40.000000000000 27 0 27  
    FLOORING 2015-05-19 3,265   ADS 5.000000000000 408 0 408  
    FLOORING 2015-10-20 8,440   ADS 5.000000000000 211 0 211  
    FLOORING 2015-12-15 4,033   ADS 5.000000000000 101 0 101  
    KITCHEN CABINETS 2015-04-03 5,039   ADS 9.000000000000 350 0 350  
    KITCHEN CABINETS 2015-10-20 2,887   ADS 9.000000000000 40 0 40  
    REFRIGERATOR 2015-12-15 495   ADS 5.000000000000 12 0 12  
    RANGES 2015-10-05 1,344   ADS 5.000000000000 34 0 34  
    REFRIGERATOR 2015-01-31 1,324   ADS 5.000000000000 232 0 232  
    DESK 2015-02-17 796   ADS 10.000000000000 70 0 70  

    TY 2015 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 207,218 207,218
    INVESTMENT IN PARKVIEW VILLAGE, LLLP AT COST 420,982 420,982

    TY 2015 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 4,304,495 1,597,105 2,707,390 2,707,390
    LAND 55,000 0 55,000 55,000


    TY 2015 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 41,453 25,429 25,429
    TENANT SECURITY DEPOSITS 31,747 33,079 33,079
    NET INTANGIBLE ASSETS 8,392 15,874 15,874
    CONSTRUCTION IN PROGRESS 11,047 50,572 50,572


    TY 2015 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 47,460 0 18,670 28,790
    MGMT CO EMPLOYEE CHARGEBACK 178,999 846 70,085 108,068
    OFFICE EXPENSES 19,879 0 7,821 12,058
    ENTITY EXPENSES 7 0 3 4
    AMORTIZATION 5,894 0   5,894


    TY 2015 OtherIncomeSchedule2
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN:
    81-0509083
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENT REVENUE 314,289   314,289
    LAUNDRY AND VENDING 5,100   5,100
    MISCELLANEOUS REVENUE 2,281   2,281
    MEAL SERVICE INCOME 48,976   48,976


    TY 2015 OtherLiabilitiesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN:
    81-0509083
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY DEPOSITS 19,238 18,844


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    RICHLAND AFFORDABLE HOUSING CORPORATION
    EIN:
    81-0509083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 35,654 169 13,960 21,526