2025-09-13T17:14:09-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 301 CONGRESS AVENUE SUITE 2000 AUSTIN TX 78701 990 2024-01-01 813188845 AFFORDABLE CENTRAL TEXAS INC AFFO 5122027997 6000 N LAMAR BLVD SUITE 200 AUSTIN TX 78752 MONICA MEDINA PRESIDENT AND CEO 5122027997 2025-09-10 1 0 MICHAEL S CELKIS P01296719 5124949100 2025-08-25 2024 2025-03-06 01:10:19Z TEXAS HOUSING CONSERVANCY MONICA MEDINA 6000 N LAMAR BLVD SUITE 200 AUSTIN TX 78752 1626579 0 X WWW.TEXASHOUSINGCONSERVANCY.ORG X 2016 TX TEXAS HOUSING CONSERVANCY (TXHC) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. 8 6 7 7 0 0 432142 307710 585885 1231692 42035 60147 0 27030 1060062 1626579 0 0 0 0 914831 1061167 0 0 196447 159155 224968 1073986 1286135 -13924 340444 2099067 2347158 769694 677341 1329373 1669817 TEXAS HOUSING CONSERVANCY (TXHC) IS A NONPROFIT THAT PRESERVES LONG-TERM AFFORDABILITY IN MULTIFAMILY HOUSING FOR TEXAS' WORKFORCE BY LEVERAGING PRIVATE CAPITAL WITHOUT ONGOING PUBLIC SUBSIDY. 0 0 815619 1258722 TEXAS HOUSING CONSERVANCY PRESERVES AFFORDABLE HOUSING FOR THE LONG TERM BY ACQUIRING AND MANAGING MULTIFAMILY PROPERTIES WHERE AT LEAST 51% OF RESIDENTS EARN AT OR BELOW 80% OF THE MEDIAN FAMILY INCOME, ENSURING STABILITY FOR ESSENTIAL WORKERS ACROSS TEXAS. 45374 0 THROUGH OUR TEXAS TOGETHER PROGRAM - WHICH INCLUDES FINANCIAL FOUNDATIONS, BACK TO SCHOOL, GROCERY GIVEAWAYS, CONSERVANCY CUPBOARDS, AND OTHER COMMUNITY IMPACT INITIATIVES - WE DELIVER YEAR-ROUND SERVICES ACROSS 17 PROPERTIES, SUPPORTING OVER 4,000 RESIDENTS WITH FINANCIAL COACHING, SCHOOL SUPPLIES, FOOD ACCESS, AND NEIGHBORHOOD ENGAGEMENT. 860993 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 13 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 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 DAVID STEINWEDELL BOARD CHAIRMAN AND FOUNDER 40.00 X X 162500 0 6500 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 MONICA MEDINA PRESIDENT AND CEO 40.00 X X 325000 0 13000 SHARMILA KASSAM BOARD TREASURER 2.00 X X 0 0 0 JENNIFER WENZEL BOARD MEMBER 2.00 X 0 0 0 BEVERLY GRASS VP OF FINANCE 40.00 X 126000 0 4953 MISSY SAEZ ASSET MANAGER 40.00 X 150000 0 7983 763500 0 32436 4 0 1 0 0 307710 307710 ASSET MANAGEMENT FEES 1204270 1204270 ACQUISITION FEES 293030 293030 FT K1 - AHC -265608 -265608 1231692 60147 60147 OTHER INCOME 27030 27030 27030 1626579 1258722 0 60147 487500 335702 75899 75899 467065 321629 72718 72718 3289 2265 512 512 40749 28061 6344 6344 62564 43082 9741 9741 3500 3500 14150 9744 2203 2203 900 900 3171 2183 494 494 80224 55244 12490 12490 1786 1230 278 278 15505 15505 5619 3869 875 875 14125 14125 1782 1782 12008 8268 1870 1870 MEETINGS 9954 6854 1550 1550 MEALS & ENTERTAINMENT 3088 2126 481 481 FILING FEES 1857 1279 289 289 57299 39457 8921 8921 1286135 860993 228695 196447 1469581 2117327 15500 12170 20785 26157 7328 6208 180 1120 103015 401287 72675 88719 117709 2099067 2347158 110756 21970 658938 655371 769694 677341 X 0 0 0 0 1329373 1669817 1329373 1669817 2099067 2347158 340444 0 X 0 1 X 1 0 X 436943 684602 1662197 432142 307710 3523594 172833 229839 550451 585885 1231692 2770700 609776 914441 2212648 1018027 1539402 6294294 25000 500 500 18308 6032 50340 0 25000 500 500 18308 6032 50340 6243954 221 1007 1209 42035 60147 104619 221 1007 1209 42035 60147 104619 27030 27030 609997 915448 2213857 1060062 1626579 6425943 0.97170 0.97900 0.01630 0.00860 X PART III, LINE 12E: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7328 6208 1120 1120 OTHER ASSETS 117709 117709 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 MONICA MEDINA PRESIDENT AND CEO 250000 0 75000 0 0 0 13000 0 0 0 338000 0 0 0 DAVID STEINWEDELL BOARD CHAIRMAN AND FOUNDER 125000 0 37500 0 0 0 6500 0 0 0 169000 0 0 0 MISSY SAEZ ASSET MANAGER 120000 0 30000 0 0 0 3100 0 4883 0 157983 0 0 0 PART I, LINE 7 THE PRESIDENT AND CEO, BOARD CHAIRMAN AND FOUNDER, AND ASSET MANAGER RECEIVED A NON-FIXED BONUS IN 2024 THAT WAS APPROVED BY THE BOARD. THIS WAS A PERFORMANCE BASED BONUS. 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 -265608 69436 0 1 0.13970 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0