Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 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. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (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 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 22,750 | 28,370 | 6,000 | 57,120 | ||
| 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 | 1,366,587 | 1,476,404 | 1,467,116 | 1,555,519 | 2,061,212 | 7,926,838 |
| 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 | 1,366,587 | 1,476,404 | 1,489,866 | 1,583,889 | 2,067,212 | 7,983,958 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 207,101 | 245,529 | 368,377 | 355,067 | 352,893 | 1,528,967 |
| c | Add lines 7a and 7b.. | 207,101 | 245,529 | 368,377 | 355,067 | 352,893 | 1,528,967 |
| 8 | Public support. (Subtract line 7c from line 6.) | 6,454,991 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 1,366,587 | 1,476,404 | 1,489,866 | 1,583,889 | 2,067,212 | 7,983,958 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 5,314 | 8,848 | 7,453 | 4,018 | 813 | 26,446 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 5,314 | 8,848 | 7,453 | 4,018 | 813 | 26,446 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 1,371,901 | 1,485,252 | 1,497,319 | 1,587,907 | 2,068,025 | 8,010,404 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 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) |
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| 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): |
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| 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 0.015 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 0.035 | 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 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | WE DELIVER MONITORING AND CONSULTING SERVICES TO GOVERNMENTAL ORGANIZATIONS, PROPERTY OWNERS AND MANAGERS; AND EDUCATION TO INDIVIDUALS WHO ASPIRE TO LEADERSHIP IN THE AFFORDABLE HOUSING INDUSTRY. OUR AIM IS TO PROTECT THE INVESTMENT OF PRIVATE EQUITY AND TAX DOLLARS AND TO ENSURE CONTINUED QUALITY AFFORDABLE RENTAL HOUSING. |
| FORM 990, PAGE 2, PART III, LINE 4A | COMPLIANCE MONITORING: AHC PROVIDES DUE DILIGENCE REPORTS FOR: 1. LOCAL ALLOCATORS OF SEC. 42 LOW INCOME HOUSING TAX CREDITS (LIHTC): MINNEAPOLIS-SAINT PAUL HOUSING FINANCE BOARD, SAINT CLOUD HRA, CITY OF ROCHESTER, AND WASHINGTON COUNTY CDA 2. HOME PROGRAM PARTICIPATING JURISDICTIONS (PJ): CITIES OF MINNEAPOLIS AND SAINT PAUL, HENNEPIN COUNTY AND ST. LOUIS COUNTY CONSORTIA, RAMSEY COUNTY, WASHINGTON COUNTY AND CITY OF WOODBURY. 3. NEIGHBORHOOD STABILIZATION PROGRAM (NSP): CITIES OF MINNEAPOLIS AND SAINT PAUL 4. INCLUSION ZONING PROJECTS: CITY OF EDINA, GOLDEN VALLEY, AND MINNEAPOLIS 5. CDBG AND ESG PROGRAMS: CITY OF SAINT PAUL AND RAMSEY COUNTY (ALSO, ARPA FUNDS) 6. AFFORDABLE HOUSING PROGRAM (AHP): FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) 7. SPONSOR-INITIATED AFORDABLE HOUSING PROGRAM: FNMA 8. SEC. 42 LIHTC TENANT MOVE-IN FILES: KANDIYOHI COUNTY HRA REPORTS ARE BASED ON REVIEW OF OWNER'S ANNUAL COMPLIANCE REPORTS, RANDOMLY SELECTED TENANT FILES AND PHYSICAL INSPECTION OF THE PROPERTY, COMMON AREA AND SELECTED UNIT INTERIORS. AHC COMPLIANCE WORKLOAD INCLUDED 434 PROJECTS TOTALING 32,437 UNITS DURING CALENDAR YEAR 2022. WORKLOAD IS CENTERED IN THE TWIN CITIES METRO AREA, BUT ALSO INCLUDES PROJECTS LOCATED IN GREATER MINNESOTA. |
| FORM 990, PAGE 2, PART III, LINE 4B | EDUCATION AND LEADERSHIP: THROUGH ITS SUBSIDIARY EDUCATION AND LEADERSHIP CENTER, LLC, AHC CONDUCTS NUMEROUS TRAINING SESSIONS TO EDUCATE PROPERTY MANAGERS, SITE MANAGERS, COMPLIANCE OFFICERS, AND OWNERS OF INCOME OR RENT-RESTRICTED RENTAL HOUSING PROJECTS. EDUCATION IS DELIVERED IN PERSON OR LIVE-ZOON IN THE FORM OF TESTED CERTIFICATION COURSES OR TECHNICAL CONTINUING EDUCATION CLASSES. TRAINING FOCUSES ON PROGRAM COMPLIANCE RELATED TO HUD AND IRS REGULATIONS, POLICIES, AND PROCEDURES. AHC CONDUCTED 3 TRAINING SESSIONS WITH TOTAL ATTENDANCE BY 155 INDIVIDUALS. TRAINING WAS TO INFORM THE OWNERS/MANAGERS OF AFFORDABLE HOUSING PROJECTS WITH SEC. 42 LIHTC AND/OR HOME FUNDING ABOUT THE FEDERAL GOVERNMENT REQUIREMENTS RELATED TO STANDARDS FOR HOUSEHOLD ELIGIBILITY, INCOME AND RENT LIMITS, AND INDUSTRY "BEST PRACTICES" FOR DUE DILIGENCE AND DOCUMENTION. IN COLLABORATION WITH HAMLINE UNIVERSITY (CENTER FOR PUBLIC ADMINISTRATION AND LEADERSHIP), AHC THROUGH ITS ELC DESIGNED AND CONDUCTED A TWO COURSE, 8-CREDIT GRADUATE SCHOOL LEADERSHIP IN AFFORDABLE HOUSING CERTIFICATE PROGRAM THAT MATRICULATED 10 STUDENTS IN COURSE 1, 10 STUDENTS IN COURSE 2 AND GRADUATED 9 STUDENTS WHO COMPLETED BOTH COURSE 1 AND COURSE 2. THE ELC ALSO ADMINISTERED FUNDS FROM DONATIONS AND BOARD-DESIGNATED OPERATING FUNDS AND AWARDED FINANCIAL AID TO STUDENTS WHO MET THE REQUIREMENTS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | ACCOUNTANT PREPARES FORM 990 BASED ON INFORMATION PROVIDED BY ORGANIZATION, INCLUDING FINANCIAL DATA FROM QUICKBOOKS, WHICH IS PROVIDED BY THE CHIEF OPERATING OFFICER (COO). EXECUTIVE DIRECTOR REVIEWS DRAFT FORM 990 AND DISCUSSES ANY REPORTING ISSUES WITH COO AND ACCOUNTANT. AFTER ANY RESOLUTION OF REPORTING ISSUES, FORM 990 IS SUBMITTED TO THE TREASURER AND SUBSEQUENTLY, FOLLOWING REVIEW, TO THE BOARD OF DIRECTORS FOR REVIEW, DISCUSSION, AND APPROVAL. RESOLUTION DOCUMENTING AUTHORIZATION TO SUBMIT FORM 990 IS RETAINED AS PART OF THE BOARD MINUTES. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EACH BOARD MEMBER IS ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF A CONFLICT OF INTEREST IS DISCLOSED, THE EXECUTIVE DIRECTOR REPORTS IT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND CONSIDERATION. IF A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD DISCLOSES A CONFLICT OF INTEREST, THE EXECUTIVE DIRECTOR REPORTS IT TO THE BOARD OF DIRECTORS FOR REVIEW AND CONSIDERATION. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY ANNUAL REVIEW AND APPROVAL BY THE AHC EXECUTIVE COMMITTEE OF THE BOARD ACTING AS COMPENSATION COMMITTEE. THE AHC EXECUTIVE COMMITTEE EVALUATES EXECUTIVE DIRECTOR PERFORMANCE AGAINST ONE YEAR AND THREE-YEAR STRATEGIC PLAN GOALS AND RECOMMENDS COMPENSATION CHANGES. JOB DESCRIPTION, GOALS, PERFORMANCE STANDARDS, AND EVALUATION ARE ALL WRITTEN AND RETAINED IN THE PERSONNEL FILE OF THE EXECUTIVE DIRECTOR. COMPARATIVE STUDIES RELATED TO SIMILAR POSITONS WILL BE PREPARED AND EVALUATED FOR THE EXECUTIVE COMMITTEE IN 2023. THIS WILL BE USED AS A BASIS FOR SETTING EXECUTIVE DIRECTOR COMPENSATION IN 2024. THE ONLY INCREASE IN THE EXECUTIVE DIRECTOR COMPENSATION IN 2022 WAS FOR COLA AND 401(K) EMPLOYER MATCH. EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE FULL BOARD AS PART OF THE ANNUAL WORK PLAN AND BUDGET. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Software ID: | |
| Software Version: |