2024-11-15T09:06:24-06:00 2023-12-31 351178661 BLUE & CO LLC 720 EAST PETE ROSE WAY STE 100 CINCINNATI OH 45202 990 2023-01-01 611192747 FOUNDATION FOR AFFORDABLE HOUSING INC FOUN 8593680482 169 DEWEESE STREET LEXINGTON KY 40507 PHILLIP N GRAY PRESIDENT 8593680482 2024-11-14 1 1 KRIS A MORGAN CPA P00287787 5132414507 2024-11-14 2023 2024-10-15 13:58:12Z PHILLIP N GRAY 169 DEWEESE STREET LEXINGTON KY 40507 1265361 0 X N/A X 1988 KY THE FOUNDATION FOR AFFORDABLE HOUSING, INC. IS A NON-PROFIT ORGANIZATION LOCATED IN DOWNTOWN LEXINGTON, KENTUCKY WHICH PROVIDES SAFE, CLEAN AND AFFORDABLE HOUSING FOR THE WORKING HOMELESS AND RECOVERING HOMELESS VETERANS. 10 9 7 0 0 0 748253 727671 23101 501252 8642 10208 7188 26230 787184 1265361 0 0 0 0 11914 161629 0 0 0 571489 936850 583403 1098479 203781 166882 2889245 4615513 514063 308556 2375182 4306957 CREATE SAFE, COMFORTABLE, HIGH-QUALITY, AFFORDABLE HOMES FOR VERY LOWTO MODERATE INCOME PEOPLE. 0 0 1043586 527482 ESTABLISHMENT AND MAINTENANCE OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND VETERANS. 1043586 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 16 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 KY X X THE ORGANIZATION 8593680482 169 DEWEESE STREET LEXINGTON KY 40507 PHILLIP N GRAY PRESIDENT AND DIRECTOR 40.00 X X 51324 0 0 DAVID W RICHARD TREASURER AND DIRECTOR 2.00 X X 0 0 0 TED TUDOR DIRECTOR 1.00 X 0 0 0 JONATHAN EDWARDS CHAIR AND DIRECTOR 2.00 X X 0 0 0 ELIZABETH L GRAY SECRETARY AND DIRECTOR 2.00 X X 0 0 0 PAUL WARNER DIRECTOR 1.00 X 0 0 0 CAROLYN RICHART DIRECTOR 1.00 X 0 0 0 PAMELA JOHNSON WALKER VICE-CHAIR AND DIRECTOR 1.00 X X 0 0 0 WILLIAM EMBRY III DIRECTOR 1.00 X 0 0 0 SHERRI BALL DIRECTOR 1.00 X 0 0 0 51324 0 0 0 0 0 0 0 579946 147725 727671 RENTAL INCOME-MAYWICK 533110 480553 480553 MANAGEMENT FEE INCOME 533110 13631 13631 TENANT ACTIVITY INCOME 533110 1500 1500 5568 5568 501252 10208 10208 26230 26230 26230 1265361 527482 0 10208 133625 109129 24496 17487 17487 10517 8601 1916 15258 15258 4343 4343 11700 418 11282 22330 16986 5344 150182 150182 97398 97157 241 16550 15330 1220 HOUSING SUBSIDIES 564566 564566 MISCELLANEOUS 54523 44129 10394 1098479 1043586 54893 0 538916 443241 70328 113651 7601075 3764849 2034582 3836226 245419 0 222395 2889245 4615513 50418 21202 175013 275000 275000 13632 12354 514063 308556 X 2375182 4306957 2375182 4306957 2889245 4615513 X 166882 1764893 X 0 0 0 X 751010 782914 741856 748253 727671 3751704 751010 782914 741856 748253 727671 3751704 47893 3703811 8558 8702 8704 8642 10208 44814 25416 7188 26230 58834 3855352 733460 0.96070 0.97020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 569670 569670 5343230 2975785 2367445 4479 4479 0 1207928 784585 423343 475768 475768 3836226 ACCRUED WAGES AND PAYROLL TAXES 1082 SECURITY DEPOSIT 7950 OTHER LIABILITIES 3322 12354 X PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED ITS TAX POSITIONS AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH POWER TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY IS PROVIDED A COPY OF THE 990 TO REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 18 THE FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INVESTMENT IN AFFILIATE ACQUISITION OF MAJORITY INTEREST IN AFFILIATE TO FOUNDATION 1,764,892. ROUNDING 1. SRO LLC DBA ST JAMES PLACE 169 DEWEESE ST LEXINGTON KY 40507 611236845 LOW INCOME HOUSING KY 507501 1819705 FOUNDATION FOR FEDERAL HOUSING SRO PHASE II LLC 169 DEWEESE ST LEXINGTON KY 40507 203660712 LOW INCOME HOUSING KY -86729 2240654 FOUNDATION FOR FEDERAL HOUSING