2024-09-23T12:26:37-05:00 2023-12-31 221478099 COHNREZNICK LLP 816 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 990 2023-01-01 813188845 AFFORDABLE CENTRAL TEXAS INC AFFO 5122027997 6000 N LAMAR BLVD SUITE 200 AUSTIN TX 78752 MONICA MEDINA PRESIDENT 5122027997 2024-09-20 1 1 MICHAEL S CELKIS CPA P01296719 5124949100 2024-09-19 2023 2024-08-08 14:25:15Z MONICA MEDINA 6000 N LAMAR SUITE 200 AUSTIN TX 78751 1060062 0 X N/A X 2016 TX AFFORDABLE CENTRAL TEXAS, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. 8 7 6 6 0 0 1662197 432142 550451 585885 1209 42035 0 0 2213857 1060062 0 0 0 0 679856 914831 0 0 163288 174948 159155 854804 1073986 1359053 -13924 2125083 2099067 781786 769694 1343297 1329373 X AFFORDABLE CENTRAL TEXAS, INC, IS A COMMUNITY-BASED ORGANIZATION DEDICATED TO PRESERVING THE SUPPLY OF HOUSING THAT IS AFFORDABLE TO MODERATE AND LOWER INCOME HOUSEHOLDS IN AUSTIN, TEXAS, INCLUDING WORKING HOUSEHOLDS AT THE LOWER END OF THE ECONOMIC SPECTRUM. AFFORDABLE CENTRAL TEXAS, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES INCLUDING LESSENING THE BURDENS OF GOVERNMENT, RELIEF OF THE POOR AND DISTRESSED OR OF THE UNDERPRIVILEGED, LESSENING NEIGHBORHOOD TENSIONS, ELIMINATING PREJUDICE AND DISCRIMINATION, AND COMBATING COMMUNITY DETERIORATION. 0 0 722216 585885 THE CITY OF AUSTIN, THROUGH THE NEIGHBORHOOD HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT, HAS DEVELOPED THE AUSTIN STRATEGIC HOUSING PLAN, A COMPREHENSIVE PLAN FOR ADDRESSING AUSTIN'S HOUSING CHALLENGES. SPECIFICALLY, THE PLAN CALLS FOR THE DEVELOPMENT OF A FUND THAT WILL STRATEGICALLY ACQUIRE, RENOVATE, AND MANAGE EXISTING MULTI-FAMILY BUILDINGS TO MAKE THEM AFFORDABLE FOR THE LONG TERM. AFFORDABLE CENTRAL TEXAS, WITH INITIAL FUNDING AND SIGNIFICANT INPUT AND INVOLVEMENT FROM THE CITY OF AUSTIN, PLANS TO ESTABLISH AND OPERATE THIS FUND. 722216 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 11 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TX X X MONICA MEDINA 5122027997 6000 N LAMAR SUITE 200 AUSTIN TX 78751 ASHLEY HUNTER BOARD TREASURER 2.00 X X 0 0 0 DAVID STEINWEDELL CEO 40.00 X X 240000 0 2033 FRANCES FERGUSON BOARD MEMBER 2.00 X 0 0 0 MARIANNE SCOTT DWIGHT BOARD SECRETARY 2.00 X X 0 0 0 PRINTICE GARY BOARD MEMBER 2.00 X 0 0 0 BRIAN STRICKLAND BOARD MEMBER 2.00 X 0 0 0 SHARMILA KASSAM BOARD MEMBER 2.00 X 0 0 0 STEVE LEBLANC BOARD CHAIRMAN 2.00 X X 0 0 0 MONICA MEDINA PRESIDENT 40.00 X 161500 0 1837 AMY BARBEE MANAGING DIRECTOR CAPITAL 30.00 X 162000 0 1485 KATHY DENNY MANAGING DIRECTOR REAL EST 40.00 X 163500 0 1345 BEVERLY GRASS VP OF FINANCE 40.00 X 110419 0 881 837419 0 7581 5 0 1 0 0 432142 100000 432142 ASSET MANAGEMENT FEES 604634 604634 ACQUISITION FEES 203181 203181 FT K1 - AHC -221930 -221930 585885 42035 42035 1060062 585885 0 42035 838006 577066 130470 130470 3812 2626 593 593 13051 8987 2032 2032 59962 41290 9336 9336 3639 3639 14015 9651 2182 2182 1454 1002 226 226 47207 32507 7350 7350 547 377 85 85 6429 6429 4579 3153 713 713 14306 14306 820 820 9808 6754 1527 1527 MEALS & ENTERTAINMENT 7668 5280 1194 1194 MEETINGS 4224 2908 658 658 FILING FEES 1392 958 217 217 MISCELLANEOUS 918 632 143 143 42149 29025 6562 6562 1073986 722216 188482 163288 1283128 1469581 55075 15500 20341 20785 4606 4426 0 180 103015 678665 401287 87874 88719 2125083 2099067 119462 110756 662324 658938 781786 769694 X 0 0 0 0 1343297 1329373 1343297 1329373 2125083 2099067 -13924 0 X 0 1 X 1 0 X 274990 436943 684602 1662197 432142 3490874 172833 229839 550451 585885 1539008 130878 130878 405868 609776 914441 2212648 1018027 5160760 20000 25000 500 500 18308 64308 0 20000 25000 500 500 18308 64308 5096452 522 221 1007 1209 42035 44994 522 221 1007 1209 42035 44994 406390 609997 915448 2213857 1060062 5205754 0.97900 0.99930 0.00860 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4606 4426 180 180 ACT INVESTMENT IN AUSTIN HOUSING CONSERVANCY FUND 399709 C FLOWTHROUGH EXCESS BUSINESS INTEREST EXPENSE - AHCF 1578 C 401287 X PART X, LINE 2: INCOME TAXES THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR ITS EXEMPT ACTIVITIES. MANAGEMENT IS NOT AWARE OF ANY UNRELATED BUSINESS INCOME THAT WOULD SUBJECT THE COMPANY TO FEDERAL OR TEXAS STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X 0 0 0 0 0 0 0 1 0 DAVID STEINWEDELL CEO 200000 0 40000 0 0 0 2033 0 0 0 242033 0 0 0 KATHY DENNY MANAGING DIRECTOR REAL EST 136250 0 27250 0 0 0 1345 0 0 0 164845 0 0 0 AMY BARBEE MANAGING DIRECTOR CAPITAL 135000 0 27000 0 0 0 1485 0 0 0 163485 0 0 0 MONICA MEDINA PRESIDENT 134583 0 26917 0 0 0 1837 0 0 0 163337 0 0 0 PART I, LINE 7 THE PRESIDENT, CEO , AND MANAGING DIRECTORS RECEIVED A NON-FIXED BONUS IN 2023 THAT WAS APPROVED BY THE BOARD. THIS WAS A PERFORMANCE BASED BONUS. X 1 100000 COST 0 0 0 PART I, COLUMN (B): THE AMOUNTS INCLUDED IN THIS COLUMN CONTAIN THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B COPY OF DRAFT FORM 990 WILL BE PROVIDED TO THE BOARD FOR INSPECTION AND REVIEW PRIOR TO FINALIZING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ACT HAS ADOPTED A CONFLICT OF INTEREST POLICY. THE CORPORATION'S CONFLICT OF INTEREST POLICY WAS ADOPTED BY THE BOARD OF DIRECTORS ON JULY 6, 2016. AFFORDABLE CENTRAL TEXAS INC. (THE "CORPORATION") IS A CHARITABLE ORGANIZATION WHOSE BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES (IF ANY) ARE CHOSEN TO SERVE THE PUBLIC PURPOSES TO WHICH IT IS DEDICATED. THESE PERSONS HAVE A DUTY TO CONDUCT THE AFFAIRS OF THE CORPORATION IN A MANNER CONSISTENT WITH SUCH PURPOSES AND NOT TO ADVANCE THEIR PERSONAL INTERESTS. THIS CONFLICT OF INTEREST POLICY IS INTENDED TO PERMIT THE CORPORATION AND ITS BOARD RNEMBERS, OFFICERS, AND KEY EMPLOYEES TO IDENTIFY, EVALUATE, AND ADDRESS ANY REAL, POTENTIAL OR APPARENT CONFLICTS OF INTEREST THAT MIGHT, IN FACT OR IN APPEARANCE, CALL INTO QUESTION THEIR DULY OF UNDIVIDED LOYALTY TO THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO AND OTHER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD. CURRENTLY NO CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 18 A COPY OF ALL DOCUMENTATION SHALL BE FURNISHED TO EACH BOARD MEMBER, OFFICER, AND INTERESTED PARTY WHO IS CURRENTLY SERVING THE CORPORATION, OR WHO MAY HEREAFTER BECOME ASSOCIATED WITH IT. MEMBERS OF THE PUBLIC SHALL BE GIVEN A COPY OF RELEVANT DOCUMENTS UPON REQUEST AND APPROVAL OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF ALL DOCUMENTATION SHALL BE FURNISHED TO EACH BOARD MEMBER, OFFICER, AND INTERESTED PARTY WHO IS CURRENTLY SERVING THE CORPORATION, OR WHO MAY HEREAFTER BECOME ASSOCIATED WITH IT. MEMBERS OF THE PUBLIC SHALL BE GIVEN A COPY OF RELEVANT DOCUMENTS UPON REQUEST AND APPROVAL OF THE BOARD. AFFORDABLE CENTRAL TEXAS INC 6000 N LAMAR SUITE 200 AUSTIN TX 78752 813188845 RENTAL REAL ESTATE TX 0 0 AUSTIN HOUSING CONSERVANCY FUND LP 6000 N LAMAR SUITE 200 AUSTIN TX 78752 824177093 RENTAL REAL ESTATE TX RELATED -221930 399709 0 1 0.13970 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0