2024-11-14T12:06:08-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 351993520 AFFORDABLE HOUSING PARTNERS INC AFFO 3175870329 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 PHILLIP J STOFFREGEN EXECUTIVE VICE PRESIDENT 3175870320 2024-11-14 1 0 ROBERT JOHNSON P01081675 3178485700 2023 2024-10-15 13:58:12Z BRUCE CORDINGLEY 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 46762113 0 X NA X 1996 IN PROVIDE AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES. 5 5 9 0 0 0 196943 250993 10364506 16857376 117449 21777449 521333 855185 11200231 39741003 233172 326205 0 0 1937932 2820903 0 0 0 10432560 19156393 12603664 22303501 -1403433 17437502 238276923 337894503 235139705 313020087 3137218 24874416 X THE CORPORATION'S CHARITABLE PURPOSES INCLUDE DEVELOPING OR FACILITATING THE DEVELOPMENT OF AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES. SEE THE PROGRAM SERVICE ACCOMPLISHMENTS FOR A DETAILED LIST OF COMMUNITIES OWNED. 0 0 19277809 326205 38611266 THE CORPORATION DEVELOPED, OWNS AND OPERATES FIFTEEN AFFORDABLE HOUSING COMMUNITIES. KNOLLWOOD APARTMENTS IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN HAMILTON, OHIO, AND CRYSTAL GLEN APARTMENTS, PHASE II IS A 64 UNIT APARTMENT COMMUNITY LOCATED IN FINDLAY, OHIO. KNOLLWOOD APARTMENTS WAS SOLD IN 2023. THE PURCHASER ENTERED INTO A SELLER NOTE WITH THE CORPORATION. AUTUMN WOODS APARTMENTS AND AUTUMN WOODS II APARTMENTS ARE BOTH 96 UNIT APARTMENT COMMUNITIES LOCATED CONTIGUOUS TO EACH OTHER IN CRAWFORDSVILLE, INDIANA. MILL RUN IS A 200 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. LANDINGS OF GASTONIA APARTMENT HOMES IS A 156 UNIT APARTMENT COMMUNITY IN GASTONIA, NORTH CAROLINA. THE BLUFFS APARTMENT HOMES IS A 144 UNIT APARTMENT COMMUNITY LOCATED IN SPARTANBURG, SOUTH CAROLINA. WOODWINDS APARTMENT HOMES IS A 144 UNIT APARTMENT COMMUNITY LOCATRED IN GREENVILLE, SOUTH CAROLINA. BROAD RIVER VILLAGE APARTMENTS IS A 160 UNIT APARTMENT COMMUNITY AND BROAD RIVER VILLAGE II APARTMENTS IS A 120 UNIT APARTMENT COMMUNITY. THEY ARE LOCATED CONTIGUOUS TO EACH OTHER IN BEAUFORT, SOUTH CAROLINA. BROAD RIVER VILLAGE L.P. OWNS BROAD RIVER VILLAGE APARTMENTS. THE CORPORATION IS THE 100% OWNER OF AHP-BROAD RIVER, LLC. AHP-BROAD RIVER, LLC IS THE GENERAL PARTNER OF BROAD RIVER VILLAGE L.P. AND HAS TOTAL OWNERSHIP IN THIS ENTITY OF .0083%. BROAD RIVER VILLAGE II IS OWNED BY PORT ROYAL, I LLC WHOSE SOLE MEMBER IS THE CORPORATION. THE CORPORATION HAS 4.99% OWNERSHIP IN SPARTANBURG-CROWN POINTE, LLC AND ROCK HILL SI, LLC. THESE ENTITIES OWN CROWN POINTE APARTMENT HOMES (A 241 UNIT APARTMENT COMMUNITY IN SPARTANBURG, SOUTH CAROLINA) AND STONE HAVEN POINTE APARTMENTS (A 264 UNIT APARTMENT COMMUNITY IN ROCK HILL, SOUTH CAROLINA) RESPECTIVELY. THE CORPORATION HAD 99.99% OWNERSHIP IN PEDCOR INVESTMENTS-2020-CLXXX, L.P. THIS PARTNERSHIP INTEREST WAS SOLD IN 2023. PEDCOR INVESTMENTS-2020-CLXXX, L.P. OWNS MILL STREAM APARTMENT HOMES WHICH IS A 240 UNIT APARTMENT COMMUNITY IN MCKINNEY, TEXAS. HAWTHORN SPRINGS APARTMENT HOMES IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. SILVER STATION APARTMENTS IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. THE CORPORATION ALSO FORMED THE INCLUSIVITIY INSTITUTE TO FURTHER ITS CHARITABLE PURPOSES. 19277809 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 42 0 9 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 1 0 0 0 0 0 1 1 0 0 1 0 0 1 1 1 0 IN X DOUG BOGGS 3175870329 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 X BRUCE A CORDINGLEY PRESIDENT 0.50 X X 0 0 0 TIM MARSHALL BOARD MEMBER 0.50 X 0 0 0 DAVID MARAMAN BOARD MEMBER 0.50 X 0 0 0 BRIAN CHAFFIN BOARD MEMBER 0.50 X 0 0 0 MICHAEL SUTTON BOARD MEMBER 0.50 X 0 0 0 PHILLIP J STOFFREGEN EXECUTIVE VICE PRESIDENT 0.50 X 0 0 0 MAUREEN M HOUGLAND VP AND SECRETARY 0.50 X 0 0 0 DOUGLAS BOGGS TREASURER 0.50 X 0 0 0 SHURON AGNEW VICE PRESIDENT 0.50 X 0 0 0 KATHLEEN LARA EXEC DIRECTOR - INCLUSIVIT 40.00 X 130615 0 1959 130615 0 1959 1 0 0 0 RBM MANAGEMENT COMPANY LLC 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 PROP MGMT/ACCNTNG SERVICES 330133 PEDCOR HOMES CORPORATION 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 PROPERTY MANAGEMENT SERVICES 186342 PEDCOR INVESTMENTS LLC 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 ACCOUNTING SERVICES 168177 PEDCOR AFFORDABLE MANAGEMENT INC 770 3RD AVENUE SOUTHWEST CARMEL IN 46032 PROPERTY MANAGEMENT SERVICES 134602 4 250993 250993 RENTAL INCOME 531110 16750803 16750803 LIHTC DISPOSITION FEE 531110 100000 100000 INTEREST INCOME - SELLER NOTE 531110 6573 6573 16857376 23559 23559 28775000 7021110 21753890 21753890 21753890 TENANT CHARGES 531110 855185 855185 855185 39741003 38611266 0 878744 7412 7412 318793 318793 2401568 1030067 1371501 8966 3845 5121 228033 97807 130226 182336 78207 104129 540785 540785 44450 44450 343628 343628 36012 36012 148205 148205 449840 449840 12448036 12448036 20018 20018 159873 159873 4892535 4892535 73011 73011 22303501 19277809 3025692 0 2871677 5556468 31999 96933 500000 16275000 425933 481510 197625233 18213313 147792949 179411920 5425977 4395462 2175220 2287194 79053168 129390016 238276923 337894503 5071578 5010530 55663 54838 138494208 213705672 82463440 77461157 4678513 11068973 4376303 5718917 235139705 313020087 X 3137218 24874416 3137218 24874416 238276923 337894503 X 17437502 -1030515 110 5330101 X X 0 1 X 1 0 X 212738 569262 456787 196943 250993 1686723 3811473 5235141 8362778 10364506 16857376 44631274 4024211 5804403 8819565 10561449 17108369 46317997 0 0 0 46317997 45579 25812 12433 12500 23559 119883 45579 25812 12433 12500 23559 119883 81720 168703 382620 521333 855185 2009561 4151510 5998918 9214618 11095282 17987113 48447441 0.95600 0.95990 0.00250 0.00350 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. INCLUDED ON PAGE 9 IN CURRENT YEAR OTHER REVENUE LINE 7C IS A GAIN ON SALE OF A PARTNERSHIP INTEREST OF $21,753,890. THE GAIN IS NOT BEING INCLUDED ON SCHEDULE A, PART III, LINE 12 BECAUSE IT DOES NOT MEET THE DEFINITION OF SUPPORT AS DEFINED IN SECTION 509(D) OF THE INTERNAL REVENUE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18656487 18656487 144978962 13561816 131417146 7748489 1389404 6359085 26241295 3262093 22979202 179411920 ESCROW RESERVE DEPOSITS 304217 RESIDENT SECURITY DEPOSITS 384406 REPLACEMENT RESERVE 884029 DEVELOPMENT COSTS IN PROGRESS 73314801 BOND SECURITY FUND 53489626 INTEREST RECEIVABLE 20892 UTILITY DEPOSITS 24240 PREPAID GUARANTY FEE 967805 129390016 TENANT SECURITY DEPOSITS 393022 LEGAL FEE PAYABLE 285489 DEVELOPMENT FEE PAYABLE 3073530 BUILDERS PROFIT FEE PAYABLE 562849 ARCH & ENG FEE PAYABLE 160000 CONSULTING SERVICES FEE PAYABLE 190000 GUARANTY FEE PAYABLE 1054027 5718917 X 36567917 -1030515 5114 -1025401 37593318 2147685 2147685 39741003 21231003 0 21231003 1072498 1072498 22303501 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFERRED CABLE REVENUE 5,114. PART XI, LINE 4B - OTHER ADJUSTMENTS: PREPAID RENT REVENUE 52,054. GAIN ON SALE OF ASSETS 2,095,631. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION DIFFERENCE 484,171. BOOK/TAX AMORTIZATION DIFFERENCE 226. PREPAYMENT PENALTY - RELCASSED OUT OF GAIN ON SALE OF ASSETS 588,101. 0 1 FAMILY ASSISTANCE PROGRAM - SEE DESCRIPTION IN PART IV 86 108321 FEEDING NEIGHBORS PROGRAM - SEE DESCRIPTION IN PART IV 10491 152112 CHILD GRANT PROGRAM - SEE DESCRIPTION IN PART IV 202 31525 LIMITED VOUCHER PROGRAMS (TRANISITIONAL SUPPORTS) - SEE DESCRIPTION IN PART IV 1 2835 HAMILTON COUNTY COMMUNITY FOUNDATION - SEE DESCRIPTION IN PART IV 15 24000 SCHEDULE I, PART I, LINE 2 THE DIRECTORS OF AFFORDABLE HOUSING PARTNERS, INC OVERSEE THE ALLOCATION OF GRANT FUNDS TO RESPECTIVE ORGANIZATIONS AND INDIVIDUALS. FUNDS ARE GRANTED TO ORGANIZATIONS WITH SIMILAR EXEMPT PURPOSES OR ORGANIZATIONS THAT SUPPORT THE EXEMPT PURPOSE OF AFFORDABLE HOUSING PARTNERS, INC. ASSISTANCE TO INDIVIDUALS IS MADE THROUGH PROGRAMS INSTITUTED TO CARRY OUT THE ORGANIZATION'S EXEMPT PURPOSE. SCHEDULE I, PART III, COLUMN A FAMILY ASSISTANCE PROGRAM: IN EARLY 2020, THE INCLUSIVITIY INSTITUTE BEGAN ENVISIONING AN INNOVATIVE NEW RENTAL ASSISTANCE MODEL THAT WOULD AIM TO ADDRESS HOUSING INEQUITIES AND INSTABILITY AMOUNG LOW- AND MODERATE-INCOME RENTER HOUSEHOLDS, TAKING DIRECT ACTION TO HELP REDUCE OUT NATION'S EVICTION CRISIS. BY APRIL 2020, THE FAMILY ASSISTANCE PROGRAM (FAMAP) WAS LAUNCHED. FAMAP PROVIDES TARGETED SHORT-TERM RENTAL ASSISTANCE TO HOUSEHOLDS EXPERIENCING AN EMERGENCY OR SHORT-TERM DISRUPTION OF THEIR INCOME. THROUGH CHARITABLE LOANS AND GRANT RESOURCES, WE ARE ABLE TO INTERVENE PRIOR TO EVICTION FILINGS TO HELP STABILIZE THE FAMILY AND PREVENT FURTHER SETBACKS. THE PROGRAM WAS DESIGNED FOR A CRISIS THAT EXISTED LONG BEFORE THE PANDEMIC, SO WE WILL CONTINUE WORKING TO ANALYZE OUTCOMES AND IMPROVE OUR EFFECTIVENESS IN PREVENTING THE MANY DAMAGING CONSEQUENCES THAT COME FROM THE TRAUMA THAT HOUSING INSTABILITY CAN HAVE ON INDIVIDUALS AND FAMILIES WITH CHILDREN. TO DATE WE HAVE SERVED MORE THAN 800 HOUSEHOLDS AND 1,900 INDIVIDUALS. OF THOSE INDIVIDUALS, MORE THAN 50 PERCENT WERE CHILDREN AND MORE THAN 50 PERCENT OF HOUSEHOLDS SERVED WERE SINGLE-PARENT HOMES. SINGLE PARENTS ARE DISPROPORTIONATELY REPRESENTED IN EVICTION FILINGS AND JUDGMENTS NATIONWIDE. IMPORTANTLY, WE ARE EAGER TO SCALE UP THIS PROGRAM WITH NEW PARTNERS AND PRESENT OUR MODEL TO LAWMAKERS AND FUNDERS TO HELP BUILD SUPPORT. EACH OF THE ADVOCATES, PARTNERS, OR POTENTIAL PARNTERS WE HAVE MET WITH HAS EXPRESSED ENTHUSIASM ABOUT THIS MODEL AND ITS POTENTIAL FOR IMPACT LOCALLY AND NATIONALLY. SCHEDULE I, PART III, COLUMN A FEEDING NEIGHBORS PROGRAM: IN 2020, AHP, IN PARTNERSHIP WITH A RESTAURANT IN CARMEL, IN, DIVVY, SOUGHT TO ADDRESS FOOD INSECURITY IN LOW-INCOME COMMUNITIES AMID THE COVID-19 PANDEMIC THROUGH A PROGRAM CALLED FEEDING NEIGHBORS. THROUGH THIS PROGRAM, NUTRITIOUS MEALS ARE PREPARED FOR FAMILIIES IN HAMILTON AND MARION COUNTIES IN INDIANA IMPACTED BY THE PANDEMIC'S ECONOMIC CONSEQUENCES. THE PROGRAM DELIVERS WEEKLY ORDERS FOR 100 RECIPIENTS AT THREE ROTATING LOCATIONS, ALL OF THEM EITHER CHURCHES OR COMMUNITY CENTERS SERVING HOOSIERS IN NEED. EACH OF THESE MEALS ARE DELIVERED BY LOCAL CURCH FOOD PANTRIES TO FAMILIES WHO HAVE SIGNED UP FOR ASSISTANCE. THIS PROGRAM HAS BEEN SO BENEFICIAL, FEEDING NEIGHBORS CONTINUES TO HELP ADDRESS ONGOING ISSUES OF FOOD INSECURITY BY PROVIDING NUTRITIOUS MEALS TO INDIVIDUALS AND FAMILIES IN UNDERSERVED COMMUNITIES THROUGHOUT THOSE COUNTIES. SCHEDULE I, PART III, COLUMN A CHILD GRANT PROGRAM: THE INCLUSIVITY INSTITUTE CREATED A SUBSIDIARY OF THE FAMILY ASSISTANCE PROGRAM TO PROVIDE ONE TIME GRANT ASSISTANCE TO FAMILIES STRUGGLING TO OBTAIN ESSENTIAL PRODUCTS, SUCH AS FOOD AND MEDICINE, DURING TIMES OF TEMPORARY CRISIS. SCHEDULE I, PART III, COLUMN A LIMITED VOUCHER PROGRAMS (TRANSITIONAL SUPPORTS): PROGRAMS THAT AIM TO PROVIDE INDIVIDUALS A PATHWAY TO STABILITY, THROUGH SHORT-TERM RENTAL VOUCHERS, DURING A TRANSITIONAL PERIOD IN LIFE. THOSE WHO QUALIFY FOR LIMITED VOUCHER PROGRAMS TYPICALLY DO NOT FIT WITHIN THE TRADITIONAL ASSISTANCE OFFERED THROUGH THE FAMILY ASSISTANCE PROGRAM. SCHEDULE I, PART III, COLUMN A HAMILTON COUNTY COMMUNITY FOUNDATION: ASSISTANCE PROVIDED THROUGH THE HAMILTON COUNTY COMMUNITY FOUNDATION TO PROVIDE GOOD AFFORDABLE HOUSING OPTIONS TO HAMILTON COUNTY RESIDENTS. A INDIANA FINANCE AUTHORITY 351602316 45470TBY7 2007-10-26 4090000 REFUNDING THE PRIOR BONDS THAT HAD FINANCED THE APARTMENT COMMUNITY 0 0 0 B SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SENIOR SERIES 2020A 570960018 2020-02-18 13115000 ACQUISITION AND REHABILITATION OF MILL RUN 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SUBORD SERIES 2020B 570960018 2020-02-18 4000000 ACQUISITION AND REHABILITATION OF MILL RUN 0 0 0 D SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY 591585639 83712EHB3 2020-12-16 21850000 PURCHASE OF BROAD RIVER VILLAGE 0 0 0 A 4090000 2002 0 1 1 1 B 13115000 226981 12888019 2022 0 0 1 1 C 4000000 4000000 2022 0 0 1 1 D 21850000 435000 185725 21229275 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 1 0 0 0 0 0 0 A 1 1 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 1 0 0 0 0 D 0 1 0 0 1 1 UNITED FIDELITY BANK 18.000000000000 1 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART II, TOTAL PROCEEDS OF ISSUE: AS OF YEAR END: - ONLY $92,411,676 OF 2021 SERIES BONDS ISSUED HAVE BEEN DRAWN. TOTAL ISSUE AMOUNT IS $93,373,806. - ONLY $73,485,649 OF 2023 SERIES BONDS ISSUED HAVE BEEN DRAWN. TOTAL ISSUE AMOUNT IS $77,371,193. A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SENIOR SERIES 2021A 570960018 2021-05-01 14000000 ACQUISITION AND REHABILITATION OF THE BLUFFS APARTMENT PROJECT 0 0 0 B SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SUBORD SERIES 2021B 570960018 2021-05-01 3365600 ACQUISITION AND REHABILITATION OF THE BLUFFS APARTMENT PROJECT 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SENIOR SERIES 2021A 570960018 2021-07-01 16100000 ACQUISITION AND REHABILITATION OF WOODWINDS APARTMENT HOMES PROJECT 0 0 0 D SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SUBORD SERIES 2021B 570960018 2021-07-01 2800000 ACQUISITION AND REHABILITATION OF WOODWINDS APARTMENT HOMES PROJECT 0 0 0 A 13797449 245398 13552051 0 0 0 1 B 3365600 3365600 0 0 1 1 C 15847992 212179 15635813 0 0 0 1 D 2800000 2800000 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 1 0 0 0 0 A 0 B 0 C 0 D 0 A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SENIOR SERIES 2021A 570960018 2021-05-01 25200000 PURCHASE OF PORT ROYAL PROJECT 0 0 0 B SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SUBORD SERIES 2021B 570960018 2021-05-01 5800000 PURCHASE OF PORT ROYAL PROJECT 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SERIES 2021C 570960018 2021-05-01 6940456 PURCHASE OF PORT ROYAL PROJECT 0 0 0 D PUBLIC FINANCE AUTHORITY - SENIOR SERIES 2021A 273866124 2021-02-26 15000000 ACQUISITION AND REHABILITATION OF THE LANDINGS APARTMENT PROJECT 0 0 0 A 25200000 25200000 0 0 1 1 B 5800000 5800000 0 0 1 1 C 6452859 6452859 0 0 0 1 D 14980026 380000 14600026 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A PUBLIC FINANCE AUTHORITY - SUBORDINATE SERIES 2021B 273866124 2021-02-26 4167750 ACQUISITION AND REHABILITATION OF THE LANDINGS APARTMENT PROJECT 0 0 0 B SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY 591585639 2022-03-17 5000000 DEVELOPMENT OF BROAD RIVER VILLAGE 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SERIES 2023A 570960018 837031F40 2023-03-23 55000000 PURCHASE OF SILVER STATION PROJECT 0 0 0 D SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SERIES 2023B 570960018 837031F40 2023-03-23 10000000 PURCHASE OF SILVER STATION PROJECT 0 0 0 A 4167750 4167750 0 0 1 1 B 5000000 37500 4962500 0 0 1 1 C 55000000 980500 1727917 8846995 43444588 0 0 1 1 D 10000000 10000000 0 0 1 1 A 0 0 0 0 0 0 0 B 1 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 D 0 1 0 0 1 0 0 0 0 A 0 B 0 A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY - SERIES 2023C 570960018 837031F40 2023-03-23 12371193 PURCHASE OF SILVER STATION PROJECT 0 0 0 A 8485649 8485649 0 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 PEDCOR AFFORDABLE MANAGEMENT INC A CURRENT DIRECTOR HAS OWNERSHIP IN PEDCOR AFFORDABLE MANAGEMENT, INC. 134602 BRUCE CORDINGLEY OWNS 50% OF PEDCOR AFFORDABLE MANAGEMENT, INC. PEDCOR AFFORDABLE MANAGEMENT, INC. EARNS A MANAGEMENT FEE FROM AFFORDABLE HOUSING PARTNERS, INC. 1 PEDCOR HOMES CORPORATION TWO DIRECTORS HAVE OWNERSHIP IN PEDCOR HOMES CORPORATION 186342 BRUCE CORDINGLEY OWNS 31.98839% AND PHILLIP STOFFREGEN OWNS 29.026157% OF PEDCOR HOMES CORPORATION. PEDCOR HOMES CORPORATION EARNS A MANAGEMENT FEE FROM AFFORDABLE HOUSING PARTNERS, INC. 1 PEDCOR INVESTMENTS LLC TWO DIRECTORS HAVE OWNERSHIP IN PEDCOR INVESTMENTS, LLC 168177 BRUCE CORDINGLEY OWNS 33.323334% AND PHILLIP STOFFREGEN OWNS 33.333333% OF PEDCOR INVESTMENTS, LLC. PEDCOR INVESTMENTS, LLC EARNS AN ACCOUNTING FEE FROM AFFORDABLE HOUSING PARTNERS, INC. 1 FORM 990, PART VI, SECTION A, LINE 2 OFFICERS HAVE A BUSINESS RELATIONSHIP IN WHICH THEY PARTICIPATE IN OTHER REAL ESTATE ACTIVITIES WITH ONE ANOTHER. FORM 990, PART VI, SECTION A, LINE 3 KNOLLWOOD, CRYSTAL GLEN, AUTUMN WOODS, AND AUTUMN WOODS II, ARE MANAGED BY PEDCOR AFFORDABLE MANAGEMENT, INC. MILL RUN, BROAD RIVER VILLAGE, BROAD RIVER VILLAGE II, LANDINGS OF GASTONIA, THE BLUFFS, AND WOODWINDS ARE MANAGED BY RBM MANAGEMENT, LLC. GRAND STATION IS MANAGED BY PEDCOR MANAGEMENT CORPORATION. CROWN POINTE AND STONE HAVEN POINTE ARE MANAGED BY PEDCOR HOMES CORPORATION. PEDCOR AFFORDABLE MANAGEMENT, INC., RBM MANAGEMENT, LLC, PEDCOR MANAGEMENT CORPORATION, AND PEDCOR HOMES CORPORATION ARE PROFESSIONAL PROPERTY MANAGEMENT COMPANIES. THEY HAVE A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED THEM TO MANAGE THE PROJECTS. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTION FROM NONCONTROLLING INTERESTS IN BROAD RIVER VILLAGE, LP 5,667,473. DISTRIBUTIONS TO OTHER PARTNERS IN CONSOLIDATED ENTITY - ROCK HILL SI -540. DISTRIBUTIONS TO OTHER PARTNERS IN CONSOLIDATED ENTITY - CROWNE POINTE -336,832. FORM 990, PART XII, LINE 2C THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. 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