2025-08-05T16:44:41+00:00 2024-12-31 135381590 BDO USA 200 PARK AVE 38TH FLOOR NEW YORK NY 10166 990 2024-01-01 521910387 FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA INC FORE 6098232500 2900 FIRE RD SUITE 203 EGG HARBOR TWP NJ 08234 DR BRUCE JOHNSON PRESIDENT 6098232500 2025-08-05 true PAUL HAMMERSCHMIDT P01384178 2128858000 2025-08-05 2024 2025-03-06 01:10:19Z X Dr Bruce Johnson 2900 FIRE RD SUITE 203 EGG HARBOR TWP NJ 08234 2045691 false X WWW.FORESIGHTINC.ORG X 1994 PA FORESIGHT AFFORDABLE HOUSING OF PA, INC. WAS FORMED TO MAINTAIN AND OPERATE AN AFFORDABLE HOUSING COMMUNITY CONSISTING OF 111 TOTAL HOUSING UNITS. 3 0 0 0 0 0 540252 1405671 1464750 3059 17570 10118 23119 1418848 2045691 2092751 278346 0 0 0 0 0 0 1435428 1570888 3528179 1849234 -2109331 196457 2811440 3025027 2505703 2522833 305737 502194 FORESIGHT AFFORDABLE HOUSING OF PENNSYLVANIA, INC. WAS FORMED UNDER THE LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOME OWNERSHIP ACT OF 1990 ("LIHPRHA") TO OPERATE AN APARTMENT COMPLEX OF 111 UNITS LOCATED IN BETHLEHEM, PENNSYLVANIA. false false 1565679 278346 1464750 TO MAINTAIN AND OPERATE AN AFFORDABLE HOUSING COMMUNITY CONSISTING OF 111 TOTAL UNITS. 1565679 true true false false false false false false false false true false false true true true true true false false false false false false false false false true false false false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false false false X 3 0 false true false false false false false true true false false false true true true true true true false false false false X MICHAELS MGMT 8565960500 2 COOPER ST PO BOX 90708 CAMDEN NJ 08102 DONALD REAPE PRESIDENT (THRU 11/30/24) 1.0 20.0 X X 0 105126 11373 DR BRUCE JOHNSON PRESIDENT (EFF. 12/11/24)/ VICE PRESIDENT 1.0 20.0 X X 0 36291 15767 E JAMES HENDERSON VICE PRESIDENT (EFF. 12/11/24)/ ASST. SEC 1.0 10.0 X X 0 20460 0 MICHAEL BYRNES SECRETARY/ TREASURER (EFF. 12/11/24) 1.0 5.0 X X 0 4000 0 0 165877 27140 0 false false false 0 540252 540252 RENTAL INCOME - HUD SECTION 8 532000 741765 741765 RENTAL INCOME - TENANTS PAYMENTS 532000 722985 722985 0 0 0 0 1464750 17570 17570 0 0 0 0 0 MISCELLANEOUS INCOME 900099 23119 23119 0 0 0 0 23119 2045691 1464750 0 40689 278346 278346 92205 92205 10312 10312 22763 22763 0 0 0 0 847 847 27919 27919 7806 7806 757011 757011 3021 3021 148399 148399 135106 135106 ALLOCATED WAGES & FRINGES 347605 246817 100788 MISCELLANEOUS EXPENSES 16035 16035 BAD DEBT EXPENSE 1859 1859 0 0 0 0 1849234 1565679 283555 0 750 750 296885 131901 21565 25157 0 0 0 0 46892 57263 5601572 3484741 1737563 2116831 0 0 707785 693125 2811440 3025027 54602 55385 20461 24059 0 0 2373408 2384491 57232 58898 2505703 2522833 305737 502194 305737 502194 2811440 3025027 196457 0 X false true true true true X 540252 540252 1235588 1291371 1343600 1405671 1464750 6740980 0 0 0 1235588 1291371 1343600 1405671 2005002 7281232 0 0 0 0 540252 540252 0 0 0 0 0 0 0 0 0 0 540252 540252 6740980 2052 710 253 3059 17570 23644 0 2052 710 253 3059 17570 23644 0 79966 19331 12943 10118 23119 145477 1317606 1311412 1356796 1418848 2045691 7450353 0.90479 0.97697 0 0.0016 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 79966.0, COLUMN B - 19331.0, COLUMN C - 12943.0, COLUMN D - 10118.0, COLUMN E - 23119.0, COLUMN F - 145477.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 726924 726924 4855149 3465242 1389907 19499 19499 0 2116831 RESERVE FOR REPLACEMENT 451539 MORTGAGE ESCROW DEPOSITS 182688 TENANT SECURITY DEPOSITS 58898 693125 Federal Income Taxes TENANT SECURITY DEPOSITS 58898 58898 X 2045691 0 0 2045691 0 0 2045691 1849234 0 0 1849234 0 0 1849234 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote AS OF DECEMBER 31, 2024, FORESIGHT AFFORDABLE HOUSING OF PA, INC. DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON AN INCOME TAX RETURN WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION BELIEVES IT HAS NOT ENGAGED IN ANY ACTIVITIES FOR WHICH ITS TAX-EXEMPT STATUS WOULD NOT BE SUSTAINED UNDER INTERNAL REVENUE SERVICE EXAMINATION. GENERALLY, THE ORGANIZATION IS POTENTIALLY SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS FOR THREE YEARS. true FORESIGHT AFFORDABLE HOUSING INC 2900 FIRE RD STE 203 EGG HARBOR TWP NJ 08234 521979028 501(C)(3) 278346 AFFORDABLE HOUSING 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FORESIGHT AFFORDABLE HOUSING OF PA, INC. AND FORESIGHT AFFORDABLE HOUSING, INC. HAVE AN INTERLOCKING BOARD AND THE SAME PURPOSE: TO PROVIDE AFFORDABLE HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES. THE GRANT FROM FORESIGHT AFFORDABLE HOUSING OF PA, INC. TO FORESIGHT AFFORDABLE HOUSING, INC. IS MONITORED BY THE INTERLOCKING BOARD. Form 990, Part VI, Line 15a THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION HAS A CONTRACT WITH MICHAELS MANAGEMENT-AFFORDABLE, LLC TO PERFORM ITS MANAGEMENT DUTIES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy IN ORDER TO MONITOR AND ENFORCE THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, THE BOARD MEMBERS PROVIDE ANNUAL DISCLOSURE STATEMENTS TO FORESIGHT AFFORDABLE HOUSING OF PA. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORESIGHT AFFORDABLE HOUSING INC 2900 FIRE RD SUITE 23 EGG HARBOR TWP NJ 08234 521979028 RENTAL NJ 501(c)(3) NA false FORESIGHT AFFORDABLE HOUSING-PENNSVILLE 2900 FIRE RD SUITE 203 EGG HARBOR TWP NJ 08234 222262967 RENTAL NJ 501(c)(3) 7 NA false false true true false false false false false false false false false false false false false false false false