2025-05-14T11:15:18-04:00 2024-06-30 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2023-07-01 208640691 AFFORDABLE HOUSING NETWORK INC AFFO 3193656247 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 STEVE SCHURING CFO 3193656247 2025-05-14 false ROSS VANLAAR CPA P01532250 5156203050 2025-05-14 2023 2025-03-06 01:10:19Z MARY BETH O'NEILL 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 6913386 false X X TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS IN NEED. 9 9 24 26 0 508652 1659242 3625525 3000101 3948459 109668 588343 1742216 8670979 6511227 0 0 1165538 1131827 0 0 4060525 4071399 5226063 5203226 3444916 1308001 18568829 20832758 8996541 9007425 9572288 11825333 X TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES IN NEED. false false 4006085 3000101 AFFORDABLE HOUSING RENTALS: AHNI OWNS 409 AFFORDABLE HOUSING RENTAL UNITS AND MANAGES 18 AFFORDABLE HOUSING RENTAL UNITS, FOR A TOTAL OF 427 RENTAL UNITS INTENDED TO BE RENTED TO INDIVIDUALS AND FAMILIES WITH LOW TO VERY LOW INCOME. INCOME BETWEEN 50% AND 80% OF AREA MEDIAN INCOME (AMI) IS "LOW INCOME- AND INCOME BETWEEN 30% AND 50% OF AMI IS "VERY LOW INCOME". AHNI PROVIDES THE FOLLOWING SERVICES TO INSURE A STABLE AND CLEAN LIVING ENVIRONMENT: RENTAL AGENT SERVICES AND FACILITY MAINTENANCE. 542514 NEIGHBORHOOD REVITALIZATION: AHNI OPERATES A NEIGHBORHOOD REVITALIZATION PROJECT IN THE WELLINGTON HEIGHTS NEIGHBORHOOD OF CEDAR RAPIDS DESIGNED TO INCREASE HOME OWNERSHIP, DECREASE DENSITY AND RETURN A NEIGHBORHOOD BACK TO THE MAJESTIC AND STABLE PLACE IT ONCE WAS. AHNI HAS REHABBED & SOLD 52 HOMES AND CURRENTLY HAS 66 RENTAL UNITS IN THE WELLINGTON HEIGHTS NEIGHBORHOOD AND ARE CURRENTLY RENTING PROPERTIES AND BUILDING AS FUNDING AND BUYERS PERMIT. PROPERTIES PREVIOUSLY REHABILITATED ARE OFFERED TO THE COMMUNITY AS IMPROVED RENTALS, AND HOMES FOR SALE WITH THE ULTIMATE GOAL OF GUIDING CHILDREN AND FAMILIES TO SUCCESSFUL OUTCOMES AND STRENGTHENING THE COMMUNITY. IN ADDITION, AHNI OPERATES AN AFFORDABLE HOUSING REVITATLIZATION PROJECT IN DUBUQUE. THIS IS DONE IN CONJUNCTION WITH THE CITY OF DUBUQUE AND THEIR MULTI-YEAR PLAN TO INCREASE HOME OWNERSHIP AND CREATE A STABLE, RESPECTFUL RENTAL ENVIRONMENT. AHNI HAS PURCHASED AND REHABBED 8 PROPERTIES AND SOLD THEM AS AFFORDABLE HOMES IN THE LAST YEAR. 4548599 true true false false false false false false false true true false false false true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 25 0 true 24 true false false false false false false false false X 9 9 false true false false true true true true true false true true true true true true true true true true true true X STEVE SCHURING 3193656247 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 MARY BETH O'NEILL PRESIDENT/CE 5.00 45.00 X 0 253606 12971 STEVE SCHURING CFO 5.00 45.00 X 0 181596 19230 DEBBIE CRAIG CAO 5.00 45.00 X 0 80273 15845 DANIELLE RODRIGUEZ PROGRAM DIRE 50.00 0.00 X 80431 0 11107 ANNE GRUENWALD RESIGNED FORMER PRESI 0.00 X 0 47048 0 RICHARD ALLEN DIRECTOR 1.00 1.00 X 0 0 0 LYDIA BROWN CHAIR 2.00 2.00 X X 0 0 0 JIM CHOATE TREASURER 2.00 2.00 X X 0 0 0 NANCY HILL DAVIS VICE CHAIR 2.00 2.00 X X 0 0 0 EMILY FLOWERGARDEN DIRECTOR 1.00 1.00 X 0 0 0 KARL HOFFMAN SECRETARY 2.00 2.00 X X 0 0 0 JERRY HUNT DIRECTOR 1.00 1.00 X 0 0 0 TRAVIS KOLDER DIRECTOR 1.00 1.00 X 0 0 0 HUNTER SKOGMAN DIRECTOR 1.00 1.00 X 0 0 0 80431 562523 59153 false true false TRUENORTH PO BOX 1863 CEDAR RAPIDS IA 52406 INSURANCE 515308 KAY CONSTRUCTION LLC 6081 VALLEY WOOD CT DUBUQUE IA 52002 CONSTRUCTION 452069 ASAC 3601 16TH AVE SW CEDAR RAPIDS IA 52404 RENT ASSISTANCE 162793 CR MUNICIPAL UTILITIES WATER PO BOX 3255 CEDAR RAPIDS IA 52406 UTILITIES 162640 GEISLER BROTHERS COMPANY 1500 RADFORD RD DUBUQUE IA 52002 ROOFING 140784 9 1478242 181000 1659242 RENTAL INCOME 531110 2930398 2930398 AUXILIARY RENTAL INCOME 531390 69703 69703 3000101 7037 7037 504790 402159 102631 102631 102631 DEBT FORGIVENESS 531390 1742216 1742216 1742216 6511227 4844948 7037 84593 59621 24972 793608 559335 234273 195617 137871 57746 58009 40885 17124 170753 100642 70111 84126 49584 34542 211036 211036 3 3 31503 25558 5945 574662 573972 690 74544 44346 30198 247733 247733 967710 963452 4258 456228 453764 2464 REPAIRS AND MAINTENANCE 642321 606158 36163 RENTAL ASSISTANCE 450117 450117 MISCELLANEOUS 149562 13894 135668 PROPERTY TAXES 10610 10610 491 21 470 5203226 4548599 654627 0 864220 211963 95026 683126 259994 988137 73024 222897 271199 27662645 8691054 15832641 18971591 -309852 287660 949961 18568829 20832758 523772 1203783 2328716 2073206 5485927 5058691 443813 399375 214313 272370 8996541 9007425 X 9572288 11825333 9572288 11825333 18568829 20832758 X 1308001 945044 X false true X true true true X 968648 1170185 669890 508652 1659242 4976617 4778667 5185232 5085765 3625525 4742317 23417506 5314 5314 5752629 6355417 5755655 4134177 6401559 28399437 28399437 1291 111 21882 9307 7037 39628 1291 111 21882 9307 7037 39628 6037 6037 690950 118316 413385 588343 1810994 6444870 6473844 6190922 4731827 6414633 30256096 0.93860 0.93220 0.00000 0.00000 X PART III, LINE 12 OTHER INCOME 1,810,994 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12621 100 1485 184 14022 11523 100 1166 168 12621 13774 -1508 560 183 11523 9714 700 3532 172 13774 10000 -157 129 9714 1.00000 true false 1800752 1800752 23696165 7867606 15828559 1294302 823448 470854 871426 871426 18971591 DEPOSITS 272370 272370 X SCHEDULE D, PAGE 2, PART V, LINE 4 IN JUNE OF 2019, AFFORDABLE HOUSING NETWORK ENTERED INTO AN AGREEMENT WITH THE COMMUNITY FOUNDATION OF GREATER DUBUQUE TO CREATE AN ENDOWMENT FUND. THE PURPOSE IS TO INGRAIN THE ORGANIZATION IN THE COMMUNITY AND TO USE THE INVESTMENT INCOME OF THE FUND TO SUPPORT AFFORDABLE HOUSING PROJECTS. SCHEDULE D, PAGE 3, PART X AHNI AND AHNI HOLDINGS ARE RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THESE AGENCIES MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THESE AGENCIES FILE FORMS 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. AHNI PROPERTIES, INC., IS A TAXABLE CORPORATION UNDER THE INTERNAL REVENUE CODE REGULATIONS. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX-EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2024, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABLITY. false false false false false false false false false MARY BETH O'NEILL PRESIDENT/CEO 253606 7608 5363 266577 STEVE SCHURING CFO 181596 3565 15665 200826 A LINN COUNTY IOWA 426004338 NONEAVAIL 2007-05-23 5200000 ACQUISITION OF PROPERTY false false false A 5200000 51343 41185 5107472 2007 false false true true A false false false false false false false A false false true false true false false false false A true PURPOSE OF ISSUE DESCRIPTION LINN COUNTY IOWA ACQUISITION OF PROPERTY FORM 990, PAGE 2, PART III, LINE 4B NEIGHBORHOOD REVITALIZATION: AHNI OPERATES A NEIGHBORHOOD REVITALIZATION PROJECT IN THE WELLINGTON HEIGHTS NEIGHBORHOOD OF CEDAR RAPIDS DESIGNED TO INCREASE HOME OWNERSHIP, DECREASE DENSITY AND RETURN A NEIGHBORHOOD BACK TO THE MAJESTIC AND STABLE PLACE IT ONCE WAS. AHNI HAS REHABBED & SOLD 52 HOMES AND CURRENTLY HAS 66 RENTAL UNITS IN THE WELLINGTON HEIGHTS NEIGHBORHOOD AND ARE CURRENTLY RENTING PROPERTIES AND BUILDING AS FUNDING AND BUYERS PERMIT. PROPERTIES PREVIOUSLY REHABILITATED ARE OFFERED TO THE COMMUNITY AS IMPROVED RENTALS, AND HOMES FOR SALE WITH THE ULTIMATE GOAL OF GUIDING CHILDREN AND FAMILIES TO SUCCESSFUL OUTCOMES AND STRENGTHENING THE COMMUNITY. IN ADDITION, AHNI OPERATES AN AFFORDABLE HOUSING REVITATLIZATION PROJECT IN DUBUQUE. THIS IS DONE IN CONJUNCTION WITH THE CITY OF DUBUQUE AND THEIR MULTI-YEAR PLAN TO INCREASE HOME OWNERSHIP AND CREATE A STABLE, RESPECTFUL RENTAL ENVIRONMENT. AHNI HAS PURCHASED AND REHABBED 8 PROPERTIES AND SOLD THEM AS AFFORDABLE HOMES IN THE LAST YEAR. FORM 990, PAGE 6, PART VI, LINE 3 AHNI HAS A MANAGEMENT AGREEMENT IN PLACE BY WHICH AHNI PAYS A FEE TO FOUR OAKS FAMILY AND CHILDREN'S SERVICES FOR ADMINISTRATIVE MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 6 FOUR OAKS FAMILY AND CHILDREN'S SERVICES IS THE SOLE MEMBER OF AHNI. FORM 990, PAGE 6, PART VI, LINE 7A FOUR OAKS, THE SOLE MEMBER OF AHNI, HAS THE POWER TO APPOINT THREE DIRECTORS, WHICH ARE THEN CONFIRMED BY THE AHNI BOARD. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN BOARD ACTIONS ARE SUBJECT TO MEMBER (FOUR OAKS) APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B THE OUTSIDE TAX PREPARER REVIEWS THE FORM 990 IN DRAFT FORM WITH THE PROGRAM DIRECTOR, TOP FINANCIAL OFFICIAL, AND COMMITTEE RESPONSIBLE FOR REVIEW OF THE FORM 990. ALL QUESTIONS AND CONCERNS ARE ADDRESSED TO FULL SATISFACTION BEFORE BECOMING FINAL. THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS, DIRECTORS, AND EMPLOYEES TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY AS WELL AS REPORT ANY DUALITY OF INTEREST AS SOON AS THE INTEREST OCCURS. WHEN HIRING INDENDENT CONTRACTORS FOR MAJOR PROJECTS, THE ORGANIZATION SENDS REQUESTS FOR PROPOSAL (RFPS). FOR MAJOR RECURRING SERVICE CONTRACTS, RFPS ARE DONE EVERY 3-5 YEARS OR MARKET RATES ARE REVIEWED BY MANAGEMENT TO ENSURE THAT THE TERMS FOR RENEWING THE CONTRACT ARE STILL AT COMPETITIVE MARKET RATES. THROUGHOUT THE PROCESS, ANY INTERESTED BOARD MEMBERS AND/OR COMMITTEE MEMBERS MUST ABSTAIN FROM THE DISCUSSION AND THE SELECTION OF A CONTRACTOR. WHERE MAJOR CONFLICTS EXIST, THE BOARD MEMBER WILL EITHER RESIGN AS A BOARD MEMBER OR WITHDRAW HIS/HER FIRM FROM CONSIDERATION FOR THE CONTRACT. AS AN ADDITIONAL SAFEGUARD, MANAGEMENT REVIEWS VENDOR LISTS AND BOARD MEMBER LISTS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A TOP OFFICIALS ARE COMPENSATED BY FOUR OAKS FAMILY & CHILDREN'S SERVICES, A RELATED TAX-EXEMPT ENTITY THAT IS THE SOLE MEMBER OF AHNI. FOUR OAKS UTILIZES A COMPENSATION SETTING COMMITTEE, AN INDUSTRY SALARY SURVEY, AND A MARKET REVIEW AND COMPENSATION COMPARISON OBTAINED EVERY THREE YEARS FROM AN INDEPENDENT ACCOUNTING FIRM. FOUR OAKS RETAINS DOCUMENTATION WITH REGARD TO CRITERIA USED TO ARRIVE AT COMPENSATION FOR OFFICERS. FORM 990, PAGE 6, PART VI, LINE 15B THE PROGRAM DIRECTOR IS COMPENSATED BY AHNI, HOWEVER, THE COMPENSATION IS DETERMINED BY FOUR OAKS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 NET ASSET ADJUSTMENT 2,068,043 MONROE 690,131 HARBET -1,403,676 AUDIT ADJUSTMENTS -409,454 TOTAL 945,044 DURING THE YEAR ENDED JUNE 30, 2024, IT WAS NOTED THAT THE 2022 FORM 990 DID NOT HAVE ENDING NET ASSETS THAT AGREED WITH THE AUDITED FINANCIAL STATEMENTS DUE TO THE TIMING OF THE FILING OF THE FORM 990 VERSUS THE TIMING OF THE ISSUANCE OF THE AUDIT. DUE TO THIS DISCREPANCY, THE FOLLOWING CHANGES (NOTED IN PART XI, LINE 9) WERE REQUIRED: OTHER INCREASE OF 2,068,043. THIS WAS REQUIRED TO GET BOY NET ASSETS (9,572,288 PER 2022 990) TO AGREE TO ACTUAL AUDITED FIGURE (11,640,331). OTHER INCREASE OF 690,131. THIS WAS REQUIRED TO CLOSE OUT MONROE DUE TO THE DISSOLUTION OF THIS ENTITY. OTHER DECREASE OF 1,403,676. THIS WAS REQUIRED TO CLOSE OUT HARBET DUE TO THE DISSOLUTION OF THIS ENTITY. OTHER DECREASE OF 409,454. THIS WAS REQUIRED TO REVERSE PREDECESSOR AUDIT ADJUSTING JOURNAL ENTRIES TO ENSURE AUDITED FINANCIAL STATEMENTS AS OF 6/30/24 WERE MATERIALLY CORRECT. FOUR OAKS FAMILY AND CHILDREN'S SERVICES 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 420998726 TREATMENT IA 501C3 10 N/A false AHNI HOLDINGS 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 271786138 HOUSING IA 501C3 12A AFFORDABLE HOUSING NETWORK INC true BROWN APARTMENTS LP 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 261195327 HOUSING IA AFFORDABLE HOUSING NETWORK INC RELATED -13 546750 false true 0.00010 true false false true true false false false false false false false true false false true false false false BROWN APARTMENTS LP D 291934 WRITTEN AGREEMENT BROWN APARTMENTS LP A 15386 WRITTEN AGREEMENT FOUR OAKS FAMILY AND CHILDREN'S SERVICES E 1659838 WRITTEN AGREEMENT FOUR OAKS FAMILY AND CHILDREN'S SERVICES M 225630 COST FOUR OAKS FAMILY AND CHILDREN'S SERVICES P 154331 COST FOUR OAKS FAMILY AND CHILDREN'S SERVICES E 1000000 WRITTEN AGREEMENT