2023-11-09T20:12:55+00:00 2022-12-31 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2022-01-01 451470844 Public and Affordable Housing Research Corp PUBL 2032728220 189 Commerce Court PO Box 189 Cheshire CT 06410 Edmund Malaspina Jr CHIEF FINANCIAL OFFICER & TREASURER 2023-11-10 true Troy LePage 999009999 Brittney Kocaj P01320603 9542028600 2022 2023-04-26 12:10:37Z Edmund Malaspina Jr 189 Commerce Court PO Box 189 Cheshire CT 06410 708466 false X www.pahrc.org X 2011 DC TO PROVIDE INDEPENDENT RESEARCH AND RELEVANT DATA TO SUPPORT THE EFFORTS OF THE PUBLIC AND AFFORDABLE HOUSING INDUSTRY AND ITS STAKEHOLDERS. 15 13 0 2 0 0 534749 631935 95524 76531 0 0 630273 708466 0 0 493153 495999 0 12109 163535 241183 656688 737182 -26415 -28716 117258 393106 252613 557177 -135355 -164071 TO PROVIDE INDEPENDENT RESEARCH AND RELEVANT DATA TO SUPPORT THE EFFORTS OF THE PUBLIC AND AFFORDABLE HOUSING INDUSTRY AND ITS STAKEHOLDERS. false false 410120 76531 RESEARCH PROJECTS THAT INFORM AND EDUCATE RESIDENTS, OWNERS, OPERATORS, DEVELOPERS, VENDORS, AND REGULATORS OF PUBLIC AND AFFORDABLE HOUSING THROUGHOUT THE UNITED STATES 410120 true true false false false false false false false false false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false true false true 1 0 true 0 false false false false false false false false false false false false X 15 13 true false false false false false false true true false false true true true true true true false false false X Troy LePage 2036496712 189 COMMERCE COURT CHESHIRE CT 06410 Edmund Malaspina President and Chief Executive Officer 1.0 36.5 X X 0 815401 93088 Douglas Dzema Board Member 1.0 3.0 X 0 41424 0 Duane Hopkins Board Member 1.0 3.0 X 0 0 0 Edelmiro Hinojosa Board Chair 1.0 3.0 X 0 0 0 Edwin Lowndes Board Member 1.0 3.0 X 0 42576 0 Fernando Aniban Board Member 1.0 3.0 X 0 39200 0 James DiPaolo Board Member 1.0 3.0 X 0 41424 0 Jane W Smith Board Member 1.0 3.0 X 0 41000 0 Jeffery Patterson Board Member 1.0 3.0 X 0 40076 0 Kevin L Loso Board Member 1.0 3.0 X 0 38152 0 Mary Smith Board Member 1.0 3.0 X 0 41000 0 Richard Browne Board Member 1.0 3.0 X 0 39200 0 Rusty Young Board Member 1.0 3.0 X 0 40000 0 Scott Bertrand Board Vice Chair 1.0 3.0 X 0 44072 0 Vince Pearson Board Member 1.0 3.0 X 0 39052 0 Amy Galvin Chief Governance Officer & Corp Secretary 1.0 36.5 X 0 350073 72289 Courtney Rice Chief Communications Officer 5.0 32.5 X 0 271404 83623 Kenneth Jr Merrifield VP and Director of Account Management 1.0 36.5 X 0 254893 63861 Paul Lagonigro Director of Finance 1.0 36.5 X 0 242166 82026 Sherryl Sullivan Chief Insurance Officer 1.0 36.5 X 0 346786 57429 Troy LePage Chief Operating Officer & Chief Financial Officer 1.0 36.5 X 0 319725 92088 0 3087624 544404 0 false true false 0 597838 34097 631935 SUBSCRIPTION FEES 611430 76531 76531 0 0 0 0 76531 0 0 0 0 0 0 0 0 0 708466 76531 0 0 352926 209835 136619 6472 42427 25257 16409 761 75785 40085 34458 1242 24861 15416 8940 505 14364 14364 2552 2552 18366 18366 25030 15671 9355 4 18864 18856 8 15561 3198 12363 33718 22606 10412 700 8878 8878 11569 6279 5021 269 5436 2831 2550 55 26826 15966 10368 492 10114 10114 Program Costs 21227 20166 1061 DUES & SUBCRIPTIONS 12758 8851 3563 344 PROFESSIONAL DEVELOPMENT 5859 4361 1295 203 Event Support 25 20 4 1 10036 722 9314 0 737182 410120 314953 12109 115093 387652 0 5000 0 0 0 0 2165 454 0 0 0 0 0 0 0 0 117258 393106 93463 83385 120219 391150 0 0 38931 82642 252613 557177 X -135355 -164071 -135355 -164071 117258 393106 -28716 0 X false true X true false X X 1 HOUSING AUTHORITY INSURANCE INC 222935104 9 true 0 0 1 0 0 false true true true true false false false false false false false false false false false false true Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name THE SUPPORTED ORGANIZATION IS DESIGNATED BY PURPOSE, AS WELL AS A HISTORIC AND CONTINUING RELATIONSHIP. THE SUPPORTED ORGANIZATION, HOUSING AUTHORITY INSURANCE, INC. (HAI, INC.) SHARES THE COMMON PURPOSE TO PROTECT, PROMOTE, AND PRESERVE THE SUSTAINABILITY OF AFFORDABLE HOUSING. HAI, INC. AND PUBLIC AND AFFORDABLE HOUSING RESEARCH CORP HAVE ALSO HAD A HISTORIC RELATIONSHIP IN THAT THEY ARE BROTHER-SISTER ORGANIZATIONS WITHIN HAI GROUP, WITH A COMMON BOARD OF DIRECTORS, SINCE PAHRC'S INCEPTION. Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The organization determined that HAI, Inc. was described in 509(a)(2) by reviewing its public support over the last five years and ensuring that it is an organization which normally receives more than 33 1/3 of its support from contributions, membership fees, and activities related to its exempt function. In each of the past five years, over 60% of HAI, Inc.'s support was from membership fees. Schedule A, Part IV, Section A, Line 3b Qualified Under 501C(4)(5) Or (6) The organization made the determination that HAI, Inc. satisfied the public support test under 509(a)(2) by reviewing the the Forms 990, Audited Financial Statements, and internal trial balance reports of of HAI, Inc. for the past five years to verify that greater than 33 1/3% of total support was public support, for each year individually and in total. Schedule A, Part IV, Section A, Line 3c Support To Org. Used Exclusively Sec. 170(c)(2)(B) Purposes The organization ensured that all support to HAI, Inc. was used exclusively for 170(c)(2)(b) purposes by having 100% common board members and officers who hold management and oversight responsibilities. Additionally, PAHRC reviewed the Statements of Functional Expenses, Audited Financial Statements, and year-end trial balance reports of HAI, Inc. for the past five years to ensure all expenditures were for charitable purposes. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE TO AFFILIATES 82642 82642 X 708466 0 0 708466 0 0 708466 737182 0 0 737182 0 0 737182 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Company received a determination letter from the Internal Revenue Service indicating that the Company qualifies under the provisions of Section 501(c)(3) of the Internal Revenue Code as a public charity and is exempt from federal and state income taxes. The Company accounts for income taxes in accordance with FASB ASC 740, "Income Taxes", with respect to how companies should recognize, measure, present and disclose uncertain tax positions in their financial statements. The Company did not record any unrecognized tax benefits as of December 31, 2022 and 2021. The Company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next twelve months. All tax years from 2019 forward are open and subject to examination by the Internal Revenue Service. It is the Company's policy to include interest and penalties related to unrecognized tax benefits as a component of its provision for income taxes. As of December 31, 2022 and 2021, the Company did not record any penalties or interest associated with unrecognized tax benefits. false false false false false false false false false Edmund Malaspina President and Chief Executive Officer 0 490428 0 324973 0 0 0 48656 0 44432 0 908489 0 0 Amy Galvin Chief Governance Officer & Corp Secretary 0 234671 0 115402 0 0 0 43959 0 28330 0 422362 0 0 Sherryl Sullivan Chief Insurance Officer 0 237586 0 109200 0 0 0 41691 0 15738 0 404215 0 0 Troy LePage Chief Operating Officer & Chief Financial Officer 0 218423 0 101302 0 0 0 48656 0 43432 0 411813 0 0 Kenneth Jr Merrifield VP and Director of Account Management 0 197363 0 57530 0 0 0 35392 0 28469 0 318754 0 0 Paul Lagonigro Director of Finance 0 185222 0 56944 0 0 0 38594 0 43432 0 324192 0 0 Courtney Rice Chief Communications Officer 0 180852 0 90552 0 0 0 40191 0 43432 0 355027 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION UNDER A COMMON PAYMASTER ARRANGEMENT. THE RELATED ORGANIZATION USES the following methods to establish his compensation: Compensation committee, Compensation survey or study, and Approval by the board or compensation committee. Form 990, Part VI, Line 15b Compensation of Other officers and key employees Other officers and key employees of the organization are compensated by a related organization UNDER A COMMON PAYMASTER ARRANGEMENT. THE RELATED ORGANIZATION reviews all compensation as part of its annual budgeting process, which occurred in 2022 and is documented in the minutes. THE RELATED ORGANIZATION uses independent third party salary surveys to assist in determining their compensation every three years and in cases of new hires, promotions, and significant changes in roles or responsibilities. Form 990, Part VI, Line 15a compensation of CEO THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION UNDER A COMMON PAYMASTER ARRANGEMENT. THE RELATED ORGANIZATION USES 3RD PARTY SALARY SURVEYS TO ASSIST IN DETERMINING HIS COMPENSATION WHICH IS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED in the minutes. THE LAST REVIEW OF THE ORGANIZATION'S CEO OCCURRED IN MARCH 2022. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons THE ORGANIZATION'S DIRECTORS (SCOTT BERTRAND, EDWIN LOWNDES, DOUGLAS DZEMA, JAMES DIPAOLO, JANE SMITH, MARY SMITH, JEFFERY PATTERSON, RUSTY YOUNG, FERNANDO ANIBAN, RICHARD BROWNE, VINCE PEARSON, KEVIN LOSO, DUANE HOPKINS, EDELMIRO HINOJOSA) AND OFFICERS (EDMUND MALASPINA, AMY GALVIN, TROY LEPAGE, SHERRYL SULLIVAN, COURTNEY RICE, PAUL LAGONIGRO, KENNETH MERRIFIELD JR) ARE PART OF THE SAME MANAGEMENT TEAMS FOR RELATED TAXABLE ENTITIES. - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body Review of the Form 990 is conducted by the Chief Financial Officer & Treasurer and the Director of Finance & Assistant Treasurer. Then, THE ORGANIZATION PROVIDES A COMPLETE COPY OF the FORM 990 TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REQUIRES ALL OFFICERS, DIRECTORS AND EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE COMPLETED FORMS ARE REVIEWED BY THE HUMAN RESOURCE DEPARTMENT TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS ARE FURTHER EVALUATED BY THE CEO, AND IF WARRANTED, ARE BROUGHT TO THE ATTENTION OF THE BOARD FOR DISCUSSION AND RESOLUTION. SIMILARLY, ANY POTENTIAL CONFLICTS OF INTEREST THAT ARE BROUGHT TO THE ATTENTION OF THE ORGANIZATION BY OUTSIDE AUDITORS OR BY AN EMPLOYEE OR OTHER PERSON ARE INVESTIGATED AND RESOLVED IN ACCORDANCE WITH THE PROCEDURES DISCUSSED ABOVE. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOUSING AUTHORITY INSURANCE INC 189 COMMERCE COURT CHESHIRE CT 06410 222935104 DEVELOPMENT AND MARKETING OF RISK MANAGEMENT AND INSURANCE PROGRAMS. DC 501(c)(4) NA false HOUSING AUTHORITY RISK RETENTION GROUP INC 189 COMMERCE COURT CHESHIRE CT 06410 061206658 PROVIDES LIABILITY INSURANCE COVERAGE TO MEMBERS OF PHA'S IN THE U.S. VT NA false HOUSING AUTHORITY PROPERTY INSURANCE A MUTUAL COMPANY 189 COMMERCE COURT CHESHIRE CT 06410 061206659 PROVIDES PROPERTY INSURANCE COVERAGE TO MEMBERS OF PHA'S IN THE U.S. VT NA false HOUSING TELECOMMUNICATIONS INC 189 COMMERCE COURT CHESHIRE CT 06410 061386493 PROVIDE EDUCATION & RISK CONTROL THROUGH NATIONAL TELECOMMUNICATIONS NETWORK CT 501(c)(3) 10 NA false AFFORDABLE HOUSING ACCREDITATION BOARD 189 COMMERCE COURT CHESHIRE CT 06410 464458654 ACCREDITATION of public housing authorities DC 501(c)(3) PF NA false HOUSING INVESTMENT GROUP INC 189 COMMERCE COURT PO BOX 189 CHESHIRE CT 06410 061448816 HOLDING COMPANY DE NA C Corporation false HOUSING ENTERPRISE INSURANCE COMPANY INC 189 COMMERCE COURT PO BOX 189 CHESHIRE CT 06410 061597889 INSURANCE VT NA C Corporation false HOUSING INSURANCE SERVICES INC 189 COMMERCE COURT PO BOX 189 CHESHIRE CT 06410 061314815 INSURANCE AGENCY CT NA C Corporation false HOUSING SPECIALTY INSURANCE COMPANY INC 189 COMMERCE COURT PO BOX 189 CHESHIRE CT 06410 464271747 SURPLUS LINES INSURER FOR CERTAIN INSURANCE RISKS NOT IN TRADITIONAL MARKETS VT NA C Corporation false Innovative Housing Insurance Company Inc 189 COMMERCE COURT CHESHIRE CT 06410 474611632 INSURANCE COMPANY VT NA C Corporation false Housing Alliance Group LLC 189 COMMERCE COURT CHESHIRE CT 06410 474650587 ASSISTING PUBLIC HOUSING AUTHORITIES VT NA C Corporation false false false true false false false false false false false false false true true true true false false false Housing Authority Risk Retention Group Inc M 718194 Actual