2022-09-13T09:23:49-05:00 2021-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2021-01-01 223159643 Affordable Housing Education & Development Inc AFFO 6034441377 262 Cottage Street Littleton NH 03561 Michael Claflin Executive Director 6034441377 2022-09-12 1 Michael Claflin 999009999 Melissa Magoon CPA P01712842 2077752387 2022-09-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Michael Claflin 262 Cottage Street Littleton NH 03561 3748429 0 X www.homesahead.org X 1991 NH AHEAD creates pathways to safe, affordable housing which strengthens and revitalizes rural communities. 9 9 36 15 0 0 1293960 1017490 1626480 2380064 14758 23315 110000 -8541 3045198 3412328 265671 649440 0 0 1706571 1851273 0 0 52786 753231 732943 2725473 3233656 319725 178672 9970385 10124613 2487365 2455854 7483020 7668759 X The primary purpose of Affordable Housing, Education and Development (AHEAD) Inc. (the "Corporation") is to provide opportunities for decent, safe, sanitary, affordable housing to the region's lower income people through comprehensive, cooperative programs which use community resources and emphasize education, personal initiative, democratic values, and economic empowerment. To provide opportunities to strengthen the standard of living for all community residents through retention, expansion, attraction of jobs, outreach programs and business development projects. The Corporation will be a membership-based entity. 0 0 1545153 1864060 Property Management - AHEAD owns and manages a portfolio of low/moderate income rental properties in nine Northern New Hampshire communities and two Northern Vermont communities. 830610 649440 516004 Housing Development - AHEAD acquires and rehabilitates primarily substandard rental housing into quality affordable housing, and also constructs new affordable rental housing. AHEAD intends to keep thishousing available and affordable to households at or below 80% of median income for a minimum of 20 years. 353167 Homeowner and Foreclosure Counseling - AHEAD provides education and counseling services to prepare individuals for homeownership and/or financial stability. 2728930 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 13 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Michael Claflin 6034441377 262 Cottage Street Suite 116 Littleton NH 03561 Martha McLeod President 0.50 2.50 X X 0 0 0 Susan Retz Vice-President 0.50 0.00 X X 0 0 0 Christine Jessen Treasurer 0.50 1.00 X X 0 0 0 Mark MacDonald Secretary 0.50 2.50 X X 0 0 0 Erica Antonucci Director 0.50 0.00 X 0 0 0 Barbara Ashley Director 0.50 0.00 X 0 0 0 Louise Caouette Director 0.50 0.00 X 0 0 0 Mark Hesler Director 0.50 0.00 X 0 0 0 Benjamin Tilton Director 0.50 0.00 X 0 0 0 Peter Corey Past Vice-President 0.50 2.50 X X 0 0 0 Alison Chisolm Past Director 0.50 0.00 X 0 0 0 Michael Claflin Executive Director 40.00 2.50 X 101321 0 13450 101321 0 13450 1 0 0 0 0 26853 990637 1017490 Fees for Services 511110 1590851 1590851 Developer Fees 531110 516004 516004 Rental Income 531110 249333 249333 Other Income 531110 23876 23876 2380064 9842 9842 337379 323906 13473 13473 13473 3654 26853 12195 -8541 -8541 3412328 2380064 0 14774 619359 619359 30081 30081 114772 114772 1299371 1119384 148338 31649 86475 69108 15413 1954 244994 229381 5954 9659 105661 91736 11237 2688 59212 13577 45635 12108 4101 7990 17 12515 5013 6040 1462 85861 65988 14566 5307 41964 32304 9660 174166 143980 30186 64770 63090 1680 11685 11330 305 50 127683 104230 23453 56747 56051 696 27787 20199 7588 Other 55412 46985 8427 Equipment Lease 3033 3033 3233656 2728930 451940 52786 X 259543 811415 210211 200286 57716 133468 515351 261684 5247012 4054792 38295 35821 2897321 1482656 572634 1414665 413698 994545 801245 801245 1854680 1416692 9970385 10124613 201337 153028 21130 2243 2040108 1835483 224790 465100 2487365 2455854 X 6199572 7025741 1283448 643018 7483020 7668759 9970385 10124613 X 178672 67002 -52527 -7408 X 0 1 X 0 1 1 X 991668 525867 655933 1293960 1021144 4488572 1413199 2074325 1409980 1736480 2380064 9014048 2404867 2600192 2065913 3030440 3401208 13502620 0 822088 945649 816725 672018 1169284 4425764 822088 945649 816725 672018 1169284 4425764 9076856 14900 6648 15979 8001 9842 55370 14900 6648 15979 8001 9842 55370 9600 9600 2419767 2606840 2091492 3038441 3411050 13567590 0.66900 0.72480 0.00410 0.00520 X Schedule A, Part III, Line 1: Unusual Grants The two unusual grants listed are for the same project from the same donor and merely spanned two periods. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 179762 179762 2224183 1077784 1146399 203355 195969 7386 290021 208903 81118 1414665 Investment in Low-Income Housing Partnerships 801245 C 801245 Advances- Related Parties 525394 Development Fees Receivable 833633 Beneficial Interest in Perpetual Trust 48996 Tenant Security Deposits 8669 1416692 Tenant security deposits 8669 Line of Credit 456431 465100 3492587 67002 1062 12195 80259 3412328 0 3412328 3246913 1062 12195 13257 3233656 0 3233656 Part XI, Line 2d - Other Adjustments: Fundraising Expenses 12,195. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 12,195. Annual Dinner 30507 26853 3654 8199 3996 30507 26853 3654 8199 3996 12195 -8541 1 Community Living at Lloyd's Hills Limited Partnership 262 Cottage Street Littleton NH 03561 472022104 400170 80819 Book Value Modular Home General Support Ahead QTR Inc 262 Cottage Street Littleton NH 03561 464378899 501(c)(3) 110495 0 General Support New Hampshire Alliance for End of Life Options 80 Post Road Sugar Hill NH 03586 852308242 501(c)(3) 9500 0 General Support 2 1 Financial Assistance to Individuals 281 30081 Part I, Line 2: The Organization makes grants to related entities and therefore has oversight over the use of grant funds by each entity. Form 990, Part VI, Section B, line 11b Reviewed by Finance Committee and Treasurer prior to filing. Form 990, Part VI, Section B, line 12c Compliance with the conflict of interest policy is discussed at a board meeting. All board members are given the conflict of interest forms to sign. If this changed during the year, forms would be updated prior to start of business with them. Form 990, Part VI, Section B, line 15 AHEAD participates in various surveys regarding compensation for non-profits in order to obtain this information to make sure we are compensating appropriately. The Executive Director is reviewed by the Board. Senior staff is reviewed by the Executive Director. Budgets for salary increases are approved by the Board yearly. Form 990, Part VI, Section C, line 19 Upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Affordable Housing, Education & Development, Inc. 262 Cottage Street Littleton, NH 03561 EIN: 22-3159643 Affordable Housing, Education & Development, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Net Asset Transfer -7,408. Form 990, Part XI, Line 8, Prior Period Adjustment: The prior period adjustment of -72,900 relates to developer fees between AHEAD and its now disregarded entity, Lisbon Renewal LP. The developer fees were not eliminated in the past for tax purposes as the entities were reported on separate returns. The prior period adjustment reflects the amount that would have been eliminated in prior years. The prior period adjustment of 20,373 represents a discount on a related party note payable between AHEAD and its disregarded entity, Better Homes AHEAD. The note was written off in the current year. Better Homes AHEAD 262 Main Street Littleton NH 03561 464279587 Sale of Manufactured and Modular Homes NH 96334 44 Affordable Housing Education & Development Inc Lisbon Renewal Limited Partnership 262 Cottage Street Littleton NH 03561 550851935 Rental Low-Income Housing NH 177977 1286424 Affordable Housing Education & Development Inc Beattie House Inc 262 Cottage Street Littleton NH 03561 830424723 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 Littleton Town & Country Family Housing Inc 262 Cottage Street Littleton NH 03561 270836646 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 Groveton Housing Corporation 262 Cottage Street Littleton NH 03561 222540933 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 Northern Lights Housing Corporation 262 Cottage Street Littleton NH 03561 030272205 Rental low-income housing NH 501(c)(3) Line 10 Affordable Housing Education & Development Inc 1 AHEAD Qtr Inc 262 Cottage Street Littleton NH 03561 464378899 Rental commercial property NH 501(c)(2) Affordable Housing Education & Development Inc 1 Littleton South-West Limited Partnership 262 Cottage Street Littleton NH 03561 020494421 Rental low-income housing NH Upper Grafton Housing Corporation Related -10075 197283 1 1 1.00000 Ammonoosuc Green Limited Partnership 262 Cottage Street Littleton NH 03561 020507644 Rental low-income housing NH Upper Grafton Housing Corporation Related -83942 2282532 0 1 1.00000 Woodsville Maple-Walnut Limited Partnership 262 Cottage Street Littleton NH 03561 020505028 Rental low-income housing NH Upper Grafton Housing Corporation Related -23660 424795 1 1 1.00000 Bethlehem-Pine Manor Limited Partnership 262 Cottage Street Littleton NH 03561 020485485 Rental low-income housing NH Upper Grafton Housing Corporation Related -3844 197324 0 1 1.00000 Lisbon Inn Company 262 Cottage Street Littleton NH 03561 030276598 Rental low-income housing NH Northern Housing Development Corporation Related -51392 1756064 1 1 1.00000 Woodsville Opera Block Limited Partnership 262 Cottage Street Littleton NH 03561 274445703 Rental low-income housing NH Cached Inc Related -7 391 0 1 0.00010 McKee Inn Limited Partnership 262 Cottage Street Littleton NH 03561 274445578 Rental low-income housing NH Cached Inc Related -6 288 0 1 0.00010 Littleton Town & Country Limited Partnership 262 Cottage Street Littleton NH 03561 263725601 Rental low-income housing NH Upper Grafton Housing Corporation Related -16 431 0 1 0.00010 Senior Living at Notre Dame Limited Partnership 262 Cottage Street Littleton NH 03561 462701829 Rental low-income housing NH Upper Grafton Housing Corporation Related -21 645 0 1 0.00010 Community Living at Lloyd's Hills Limited Partnership 262 Cottage Street Littleton NH 03561 472022104 Rental low-income housing NH Upper Grafton Housing Corporation Related -32 10250006 0 1 1.00000 Peeling Village at Gordon Pond LP 262 Cottage Street Littleton NH 03561 832499993 Rental low-income housing NH Upper Grafton Housing Corporation Related 391554 0 1 1.00000 Upper Grafton Housing Corporation 262 Cottage Street Littleton NH 03561 020494422 Rental low-income housing NH Affordable Housing Education & Development Inc C -125 1.00000 1 Northern Housing Development Corporation 262 Cottage Street Littleton NH 03561 030275342 Rental low-income housing NH Affordable Housing Education & Development Inc C -506 -2506 1.00000 1 Northern New Hampshire Housing Corporation 262 Cottage Street Littleton NH 03561 020498982 Rental low-income housing NH Affordable Housing Education & Development Inc C 1.00000 1 Cached Inc 262 Cottage Street Littleton NH 03561 823826155 Rental low-income housing NH Affordable Housing Education & Development Inc C -10 0.79000 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 Beattie House Inc L 77730 Actual Amount Northern Lights Housing Corporation L 245971 Actual Amount Littleton Town & Country Family Housing Corp L 62701 Actual Amount Lisbon Inn Company LP L 78784 Actual Amount McKee Inn Limited Partnership L 127442 Actual Amount Woodsville Opera Block Limited Partnership L 114081 Actual Amount Senior Living at Notre Dame Limited Partnership L 128041 Actual Amount Littleton Town & Country Limited Partnership L 52116 Actual Amount Community Living at Lloyd's Hills Limited Partnership L 557147 Actual Amount AHEAD Qtr Inc D 489307 Promissory Note Community Living at Lloyd's Hills Limited Partnership D 610346 Promissory Note Beattie House Inc D 184000 Promissory Note Littleton Town & Country Family Housing Corp D 261579 Promissory Note Lisbon Inn Company LP D 215257 Promissory Note McKee Inn Limited Partnership D 273322 Promissory Note Woodsville Opera Block Limited Partnership D 1158179 Promissory Note Senior Living at Notre Dame Limited Partnership D 500000 Promissory Note Littleton Town & Country Limited Partnership D 340000 Promissory Note Littleton South-West Limited Partnership D 129300 Promissory Note Woodsville Maple-Walnut Limited Partnership D 121711 Promissory Note AHEAD Qtr Inc B 114145 Actual Amount Community Living at Lloyd's Hills Limited Partnership B 480989 Actual Amount