Alt Affordable Housing Services Inc - Arbor Place
- Assets
- $350.2k
- Revenue
- $488.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/2001
- Data as of
- 05/2022
- EIN
- 74-2680154
Organization Overview
Alt Affordable Housing Services Inc - Arbor Place is located in San Antonio, TX. The organization was established in 2001. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Alt Affordable Housing Services Inc - Arbor Place is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Alt Affordable Housing Services Inc - Arbor Place generated $488.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $438.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTINUED ITS PRIMARY ACTIVITY OF OWNING AND OPERATING THE ARBOR PLACE APARTMENTS, AN 84-UNIT APARTMENT COMPLEX LOCATED IN SAN ANTONIO, TEXAS. THE ORGANIZATION CONTINUED TO PROVIDE LOW-INCOME HOUSING BY MAINTAINING PROPERTY OPERATIONS IN COMPLIANCE WITH CERTAIN MULTIFAMILY HOUSING REVENUE BONDS ISSED BY THE SAN ANTONIO HOUSING FINANCE CORPORATION IN 1995. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF VDC BABCOCK GP, LLC., WHICH IS THE .01% GENERAL PARTNER IN VDC BABCOCK, LP OPERATING AS LA RISA APARTMENTS (THE LRA PROJECT) IN SAN ANTONIO, TEXAS. THE LRA PROJECT PROVIDED 237 AFFORDABLE HOUSING UNITS TO VERY LOW-INCOME AND LOW-INCOME FAMILIES. THROUGH ITS OVERSIGHT OF THE PROJECT, THE ORGANIZATION CONTINUED TO PROVIDE LOW-INCOME HOUSING BY MAINTAINING PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF THE U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE ORGANIZATION HAD PREVIOUSLY RECEIVED FUNDING FOR PROPERTY ACQUISITION AND RECONSTRUCTION FROM THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) AS PART OF A LOW INCOME HOUSING TAX CREDIT PROGRAM. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF THE HUD AND TDHCA. TO ENSURE THE AVAILABILITY OF TAX CREDITS TO INVESTORS AS GOVERNED BY THE INTERNAL REVENUE SERVICE, MAINTAINED COMPLIANCE WITH INTERNAL REVENUE CODE SECTION 42. THE ORGANIZATION CONTINUED TO PROVIDE PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Du Terroil Executive Director | OfficerTrustee | 2.5 | $18,500 |
Jerry Boles Vice President/secretary | OfficerTrustee | 0.5 | $0 |
Eddie Heinemeier President | OfficerTrustee | 0.5 | $0 |
Hulen Jackson Treasurer | OfficerTrustee | 0.5 | $0 |
Elizabeth Reschmann Assistant Secretary | OfficerTrustee | 0.5 | $0 |
Ron Anderson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $488,549 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,036 |
| Payroll taxes | $4,881 |
| Fees for services: Management | $14,213 |
| Fees for services: Legal | $3,945 |
| Fees for services: Accounting | $14,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,532 |
| Office expenses | $3,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,573 |
| Insurance | $32,089 |
| All other expenses | $2,451 |
| Total functional expenses | $438,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $846 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,465 |
| Total assets | $350,221 |
| Accounts payable and accrued expenses | $16,734 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,734 |
| Net assets without donor restrictions | $333,487 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $350,221 |
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