2022-09-13T21:48:35-05:00 2021-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2021-01-01 521910387 FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA INC % MICHAELS MGMT FORE 6098232500 6601 VENTNOR AVENUE suite 23 VENTNOR NJ 08406 DONALD REAPE PRESIDENT 2155641900 2022-09-08 true DONALD REAPE 999009999 Paul Hammerschmidt P01384178 2128858000 2 2021 2023-04-26 12:10:37Z DONALD REAPE 6601 VENTNOR AVENUE suite 23 VENTNOR NJ 08406 1311412 false X www.foresightinc.org X 1994 PA FORESIGHT AFFORDABLE HOUSING OF PA, INC. WAS FORMED TO MAINTAIN AND OPERATE AN AFFORDABLE HOUSING COMMUNITY CONSISTING OF 111 TOTAL HOUSING UNITS. 3 0 0 0 0 0 0 0 1235588 1291371 2052 710 79966 19331 1317606 1311412 221971 259113 0 0 0 0 0 0 0 1101950 1208099 1323921 1467212 -6315 -155800 2894608 2779000 103512 143704 2791096 2635296 FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA, INC. WAS FORMED UNDER THE LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP ACT OF 1990 ("LIHPRHA") TO OPERATE AN APARTMENT COMPLEX OF 111 UNITS LOCATED IN BETHLEHEM, PENNSYLVANIA. false false 1223723 259113 1291371 TO MAINTAIN AND OPERATE AN AFFORDABLE HOUSING COMMUNITY CONSISTING OF 111 TOTAL UNITS. 1223723 true false false false false false false false false false true false false true true true true true false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false X 3 0 false true false false false false false true true false false true true true true true true false false false MD X MICHAELS MGMT 8565960500 2 COOPER ST PO BOX 90708 CAMDEN NJ 08102 DONALD REAPE PRESIDENT 1.0 20.0 X X 0 79725 13073 Dr Bruce Johnson Vice President 1.0 10.0 X X 0 32419 13061 E JAMES HENDERSON Secretary/Treasurer 1.0 5.0 X X 0 17415 0 0 129559 26134 0 false false false 0 0 RENTAL INCOME - HUD SECTION 8 532000 689283 689283 RENTAL INCOME - TENANTS PAYMENTS 532000 602088 602088 1291371 710 710 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 19331 19331 19331 1311412 1291371 20041 259113 259113 0 0 0 0 0 0 0 0 0 82302 82302 2451 2451 23094 23094 0 0 0 0 2384 2384 16889 16889 7452 7452 0 536243 536243 2390 2390 0 0 0 0 134274 134274 100985 100985 ALLOCATED WAGES & FRINGES 0 PAID BY COMMON PAYMASTER 285031 193108 91923 MISCELLANEOUS EXPENSES 14604 0 14604 0 1467212 1223723 243489 0 750 750 237952 152855 0 0 36159 27181 0 0 0 0 0 0 0 0 49868 49651 4890972 3052091 1834842 1838881 0 0 0 0 0 0 0 0 735037 709682 2894608 2779000 32414 65373 0 0 23348 23062 0 0 0 0 0 0 0 0 0 0 47750 55269 103512 143704 X 2791096 2635296 0 0 2791096 2635296 2894608 2779000 -155800 X false true X true true true X 0 0 0 0 0 0 1218609 1241651 1255218 1235588 1291371 6242437 0 0 0 1218609 1241651 1255218 1235588 1291371 6242437 0 0 0 6242437 4842 4330 4381 2052 710 16315 0 4842 4330 4381 2052 710 16315 0 36258 8949 21135 79966 19331 165639 1259709 1254930 1280734 1317606 1311412 6424391 0.97168 0.97054 0.00254 0.00315 X 0 726924 726924 0 4144549 3033282 1111267 0 19499 18809 690 1838881 RESERVE FOR REPLACEMENT 516327 MORTGAGE ESCROW DEPOSITS 127924 TENANT SECURITY DEPOSITS 55270 DEFERRED INSURANCE 10161 709682 0 TENANT SECURITY DEPOSITS 55269 55269 X 1311412 1311412 1311412 1467212 1467212 1467212 PART X, LINE 2: As of December 31, 2021, Foresight Affordable Housing of PA, Inc. did not identify any uncertain tax positions taken or expected to be taken on an income tax return which would require adjustment to or disclosure in its financial statements. In addition, the organization believes it has not engaged in any activities for which its tax-exempt status would not be sustained under Internal Revenue Service examination. Generally, the organization is potentially subject to federal income tax examinations for three years. true FORESIGHT AFFORDABLE HOUSING INC 6601 VENTNOR AVE STE 23 VENTNOR NJ 08406 521979028 501(c)(3) 259113 affordable housing 1 PART I, LINE 2: FORESIGHT AFFORDABLE HOUSING OF PA, INC. AND FORESIGHT AFFORDABLE HOUSING, INC. HAVE AN INTERLOCKING BOARD AND THE SAME PURPOSE: TO PROVIDE AFFORDABLE HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES. THE GRANT FROM FORESIGHT AFFORDABLE HOUSING OF PA, INC. TO FORESIGHT AFFORDABLE HOUSING, INC. IS MONITORED BY THE INTERLOCKING BOARD. FORM 990, PART VI, SECTION A, LINE 3: THE ORGANIZATION HAS A CONTRACT WITH michaels management-affordable, LLC TO PERFORM ITS MANAGMENT DUTIES. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: IN ORDER TO MONITOR AND ENFORCE THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, THE BOARD MEMBERS PROVIDE ANNUAL DISCLOSURE STATEMENTS TO FORESIGHT AFFORDABLE HOUSING OF PA. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORESIGHT AFFORDABLE HOUSING INC 6601 Ventnor Ave Suite 23 Ventnor NJ 08406 521979028 RENTAL NJ 501(C)(3) 10 NA false FORESIGHT AFFORDABLE HOUSING-PENNSVILLE 6601 Ventnor Ave Suite 23 Ventnor NJ 08406 222262967 RENTAL NJ 501(C)(3) 10 NA false FORESIGHT AFFORDABLE HOUSING OF MARYLAND 6601 VENTNOR AVE SUITE 23 VENTNOR NJ 08406 521962141 rental MD 501(c)(3) 10 N/A false false true false false false false false false false false false false false false false false false false false