2024-09-16T09:37:28-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-01-01 562410076 AFFORDABLE HOUSING SERVICES CORP AFFO 3174024990 3333 FOUNDERS ROAD 100 INDIANAPOLIS IN 46268 DANIEL D HUBBARD PRESIDENT 3174024990 2024-09-16 1 1 ANDREW SMITH CPA P01518894 3096714500 2024-09-04 2023 2024-08-08 14:25:15Z DANIEL D HUBBARD 3333 FOUNDERS ROAD 100 INDIANAPOLIS IN 46268 33086 0 X WWW.THEAHSC.ORG X 2004 IN IN TODAY'S WORLD OF TAX CREDITS, AHP GRANTS, HOME GRANTS AND VARIOUS OTHER FUNDING SOURCES, SOCIAL SERVICE COMMITMENTS HAVE BECOME AN INCREASINGLY COMPLEX TOOL TO HELP END THE CIRCLE OF POVERTY FOR MANY LOW-INCOME CITIZENS. IN DOING SO, MANY OWNERS OF THESE PROJECTS HAVE BECOME OVERWHELMED IN THE WEB OF SOCIAL PROGRAMS THEY HAVE CREATED TO MAINTAINING COMPLIANCE WITH ALL OF THE MULTIFAMILY FUNDING PROGRAMS. AFFORDABLE HOUSING SERVICES CORPORATION ("AHSC") IS AN INDIANAPOLIS BASED NON-PROFIT ORGANIZATION WHOSE MISSION IT IS TO PROVIDE NEEDED AND BENEFICIAL EDUCATIONAL SERVICES TO LOW-INCOME TENANTS AND EMPLOYEES (OUR "CLIENTS") WHILE ASSISTING AFFORDABLE HOUSING OWNERS MEET ALL THEIR SOCIAL SERVICE OBLIGATIONS. 5 3 0 2 0 0 0 2404 0 0 5102 30682 0 0 5102 33086 0 0 0 0 0 25000 0 0 0 393623 50507 393623 75507 -388521 -42421 1197022 1110314 43329 100 1153693 1110214 X IN TODAY'S WORLD OF TAX CREDITS, AHP GRANTS, HOME GRANTS AND VARIOUS OTHER FUNDING SOURCES, SOCIAL SERVICE COMMITMENTS HAVE BECOME AN INCREASINGLY COMPLEX TOOL TO HELP END THE CIRCLE OF POVERTY FOR MANY LOW-INCOME CITIZENS. IN DOING SO, MANY OWNERS OF THESE PROJECTS HAVE BECOME OVERWHELMED IN THE WEB OF SOCIAL PROGRAMS THEY HAVE CREATED TO MAINTAINING COMPLIANCE WITH ALL OF THE MULTIFAMILY FUNDING PROGRAMS. AFFORDABLE HOUSING SERVICES CORPORATION ("AHSC") IS AN INDIANAPOLIS BASED NON-PROFIT ORGANIZATION WHOSE MISSION IT IS TO PROVIDE NEEDED AND BENEFICIAL EDUCATIONAL SERVICES TO LOW-INCOME TENANTS AND EMPLOYEES (OUR "CLIENTS") WHILE ASSISTING AFFORDABLE HOUSING OWNERS MEET ALL THEIR SOCIAL SERVICE OBLIGATIONS. 1 0 30935 30682 AHSC WORKS WITH DEVELOPERS AND OWNERS TO DESIGN SOCIAL SERVICE PROGRAMS FOR THEIR PROJECTED CLIENT BASE OR REVIVE STAGNANT PROGRAMS. THE TWO TYPES OF PROGRAMS ARE THE DESIGN PROGRAM AND THE COMPLIANCE PROGRAM. EACH IS APPLICABLE AT DIFFERENT STAGES OF A PROJECT. 30935 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 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DANIEL HUBBARD 3174024990 3333 FOUNDERS ROAD 100 INDIANAPOLIS IN 46268 DANIEL D HUBBARD PRESIDENT 1.00 X X 5000 0 0 ANDREA DEMINK SECRETARY 1.00 X X 5000 0 0 CHAD RIDDLE TREASURER 1.00 X X 5000 0 0 DAWN MILES DIRECTOR 1.00 X 5000 0 0 JAMES WILSON DIRECTOR 1.00 X 5000 0 0 25000 0 0 0 0 0 0 0 2404 2404 30682 30682 33086 30682 0 0 X 25000 25000 3753 3753 1601 1601 38872 38872 319 319 3744 3744 PROJECTS 2191 2191 BANK FEES 27 27 75507 30935 44572 0 60 754392 1170551 355922 26411 0 1197022 1110314 43329 100 43329 100 X 0 0 0 0 1153693 1110214 1153693 1110214 1197022 1110314 -42421 -1058 0 X 0 0 0 X 299089 2404 301493 299089 2404 301493 301493 301493 102490 1.00000 1.00000 X DANIEL HUBBARD DIRECTOR OPERATING EXPENSES X 100 100 0 1 0 100 LOANS TO AND FROM INTERESTED PERSONS LOAN FROM AN ENTITY OWNED BY THE PRESIDENT OF THE BOARD FORM 990, PART III, LINE 2 AFFORDABLE HOUSING SERVICES CORPORATION BEGAN PROVIDING SERVICES / PARTNERS WITH LAKE MEADOWS SENIOR ASSISTED LIVING, AN AFFORDABLE ASSISTED LIVING PROPERTY IN FISHERS INDIANA TO PROVIDE LIVE-A-DREAM TO LOW INCOME SENIORS WHO NEED ASSISTANCE WITH DAILY LIVING. FORM 990, PART VI, SECTION A, LINE 2 DANIEL HUBBARD AND JAMES WILSON, ARE BOTH COMMON PRINCIPAL IN LAKE MEADOWS SENIOR ASSISTED LIVING PROJECT. THIS AFFORDABLE HOUSING PROJECT WAS SOLICITED DONATIONS TO RUN A LIVE-A-DREAM OPPORTUNITY FOR RESIDENTS. FORM 990, PART VI, SECTION A, LINE 3 BECAUSE AFFORDABLE HOUSING SERVICES CORPORATION HAS NO EMPLOYEES, HUBBARD DEVELOPMENT CHARGED A FEE TO MANAGE THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE CPA SENDS OUT THE DRAFT 990 AND IT IS DISTRIBUTED TO THE BOARD FOR COMMENT. ONCE ANY COMMENTS HAVE BEEN ADDRESSED, THE 990 IS FINALIZED AND THE BOARD PRESIDENT SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C AT BOARD MEETINGS ANY POTENTIAL CONFLICTS ARE DISCUSSED AND NOTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. A COPY IS PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 38,872. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,872.