2025-11-12T11:25:54-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 330327936 FOUNDATION FOR AFFORDABLE HOUSING INC FOUN 9494439101 69 NW NEWPORT AVE 200 BEND OR 97703 TARUN CHANDRAN VICE PRESIDENT 9494439101 2025-11-12 1 1 MATTHEW BARNARD P01833048 3178485700 2024 2025-03-06 01:10:19Z TARUN CHANDRAN 69 NW NEWPORT AVE 200 BEND OR 97703 132051204 0 X WWW.FFAH.ORG X 1988 CA TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY, AFFORDABLE HOMES FOR VERY-LOW INCOME SENIOR CITIZENS. 5 4 0 0 0 0 2318171 2548250 2359426 17043384 741572 11994699 23509 0 5442678 31586333 31439 66443 0 0 816128 850898 0 0 0 8009324 20622613 8856891 21539954 -3414213 10046379 105714129 72092721 93396694 49565855 12317435 22526866 X OUR PURPOSE IS TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY HOMES THAT UPLIFT THE LIVES OF OUR RESIDENTS AND ENHANCE THE SURROUNDING NEIGHBORHOODS. WE FOCUS ON THE FINANCIAL AND ENVIRONMENTAL SUSTAINABILITY OF EACH OF OUR RESIDENTIAL COMMUNITIES, ALLOWING US TO BUILD COMFORTABLE, AFFORDABLE HOMES FOR THOSE WHO NEED THEM MOST. 0 0 16791659 66443 28632912 HOUSING - PROVIDED 1,399 UNITS OF SAFE AND AFFORDABLE HOUSING FOR LOW INCOME SENIOR CITIZENS. 16791659 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X DARRIN WILLARD 9494439101 69 NW NEWPORT AVE STE 200 BEND OR 97703 DARRIN WILLARD PRESIDENT 1.00 39.00 X X 0 854990 77652 SHIGE ITOH DIRECTOR 1.00 4.00 X 0 0 0 MIKE RISTOW DIRECTOR 1.00 1.00 X 0 27000 0 MICHAEL BROWN DIRECTOR 1.00 4.00 X 0 0 0 ASHLEY BROWN DIRECTOR 1.00 4.00 X 0 0 0 TARUN CHANDRAN VICE PRESIDENT AND SECRETA 1.00 39.00 X 0 633712 68547 MELISSA VINCENT VICE PRESIDENT AND TREASUR 1.00 39.00 X 0 431919 67456 0 1947621 213655 0 0 1 0 SUREHARBOR LLC 17891 CARTWRIGHT ROAD 200 IRVINE CA 92614 CONSULTING 208373 1 2548250 2548250 PARTNERSHIP INCOME/LOSS 531110 9454587 9454587 RENTAL INCOME 531110 6827027 6827027 OTHER INCOME 531110 589237 589237 PARTNERSHIP MANAGEMENT FEE 531110 172533 172533 17043384 405171 405171 112054399 100464871 11589528 11589528 11589528 31586333 28632912 0 405171 66443 66443 674587 674587 9094 9094 117237 117237 49980 49980 36891 36891 62900 62900 1588772 1588772 19057 19057 178290 178290 3623662 3623662 70019 70019 9962209 9962209 3306330 3139345 166985 636058 636058 GENERAL AND ADMIN 1131976 1131976 MISC. TAXES, LICENSES, 3482 3482 WORKER COMPENSATION 2477 2477 PAYROLL PROCESSING FEE 490 490 21539954 16791659 4748295 0 1694690 2163536 24186654 9416656 0 83184 10195187 10190743 0 18233 48545772 1725269 74294379 46820503 -8486614 908819 2254540 1414799 1575293 1076248 105714129 72092721 0 11717 93165851 49139524 230843 414614 93396694 49565855 X 0 0 0 0 12317435 22526866 12317435 22526866 105714129 72092721 10046379 163052 0 X X 0 1 X 1 0 X 3569259 1423393 3145970 2318171 2548250 13005043 3117925 2507905 8239353 2359426 17043385 33267994 6687184 3931298 11385323 4677597 19591635 46273037 0 0 0 46273037 405610 424945 296525 419957 405171 1952208 405610 424945 296525 419957 405171 1952208 3600 18036 -2875 23509 42270 7096394 4374279 11678973 5121063 19996806 48267515 0.95870 0.95710 0.04040 0.04250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2740703 2740703 42343264 1428661 40914603 3461805 296608 3165197 46820503 SECURITY DEPOSITS 369614 DUE TO RELATED PARTIES 45000 414614 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. 0 THE SCOTCH 906 NW HARRIMAN ST BEND OR 97703 474415732 501(C)(3) 8700 0 SUPPORTING VETERANS AND FIRST RESPONDERS COPE WITH ONGOING TRAUMA FIRST STORY 963 SW SIMPSONE AVE 110 BEND OR 97702 911755886 501(C)(3) 15000 0 PROVIDES LENDING RESOURCES TO UNDERRESOURCED FAMILIES ACROSS THE NORTHWEST 2 2 X X X X X X 0 0 0 0 0 0 0 0 0 DARRIN WILLARD PRESIDENT 0 826166 0 0 0 28824 0 46000 0 31652 0 932642 0 0 TARUN CHANDRAN VICE PRESIDENT AND SECRETA 0 624276 0 0 0 9436 0 35361 0 33186 0 702259 0 0 MELISSA VINCENT VICE PRESIDENT AND TREASUR 0 423555 0 0 0 8364 0 33517 0 33939 0 499375 0 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL BROWN (DIRECTOR/VOTING MEMBER) AND ASHLEY BROWN (DIRECTOR/VOTING MEMBER) ARE RELATED. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE TWO (2) CLASSES OF MEMBERS: VOTING MEMBERS AND ADVISORY MEMBERS. "VOTING MEMBERS" SHALL BE THOSE PERSONS WHO HAVE GIVEN GENEROUSLY OF THEIR RESOURCES, (FINANCIAL AND NON-FINANCIAL) TALENTS, TIME AND LABOR IN THE SPIRIT OF COMMITMENT TO THE CORPORATION AND ITS GOALS, PURPOSES AND PROGRAMS. ONLY VOTING MEMBERS SHALL HAVE A RIGHT TO VOTE. A CANDIDATE FOR VOTING MEMBER STATUS MUST BE NOMINATED BY AT LEAST ONE (1) DIRECTOR AND UNANIMOUSLY APPROVED BY ALL VOTING MEMBERS FOR SUCH A CANDIDATE TO ACHIEVE VOTING MEMBER STATUS. SHOULD ALL VOTING MEMBERS BE DECEASED, ADDITIONAL VOTING MEMBERS MAY BE NOMINATED BY THE BOARD AND ELECTED AT A SPECIAL MEETING OF THE BOARD. CRITERIA TO BE CONSIDERED BY THE BOARD IN ELECTING ADDITIONAL VOTING MEMBERS ARE THE CANDIDATE'S MERIT AND COMMITMENT OR SERVICE TO THE CORPORATION'S PAST, PRESENT AND FUTURE GOALS, PURPOSES AND PROGRAMS. "ADVISORY MEMBERS" SHALL BE THOSE PERSONS WHO APPLY FOR MEMBERSHIP IN THE PROPER FORM AS PRESCRIBED BY THE BOARD, SUBSCRIBE TO AND EXPRESS A WILLINGNESS TO SUPPORT THE CORPORATION'S GOALS, PURPOSES AND PROGRAMS, AND MAKE CONTRIBUTIONS TO THE CORPORATION. ADVISORY MEMBERS SHALL HAVE NO RIGHT TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY DARRIN WILLARD. QUESTIONS, DISCREPANCIES, AND COMMENTS ARE DIRECTED TOWARD ACCOUNTING. IF FURTHER CLARIFICATION IS REQUIRED, THE CPA WHO PREPARED THE RETURN WILL DISCUSS THE RETURN WITH THE OFFICER BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS' ACTIVITIES ARE REVIEWED ON AN ANNUAL BASIS AS TO THEIR ADHERENCE TO THE CORPORATE CONFLICT OF INTEREST POLICY. EACH DIRECTOR IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 APPROVAL IS REQUIRED FROM THE BOARD OF DIRECTORS TO A THREE-YEAR EMPLOYMENT AGREEMENT, WITH THE PROPOSED SALARY BASED UPON INDUSTRY DATA COMPILED BY THE ECONOMIC RESEARCH INSTITUTE (WWW.ERIERI.COM). FORM 990, PART VI, SECTION C, LINE 19 FOUNDATION FOR AFFORDABLE HOUSING, INC. HAS AN OPEN DOOR POLICY IN REGARD TO THE PUBLIC VIEWING OF ITS FINANCIAL AND POLICY INFORMATION. ALL REQUESTS TO VIEW THIS INFORMATION ARE HONORED. REQUESTORS MAY VIEW THE DOCUMENTS IN OUR CORPORATE OFFICES OR THE FOUNDATION WILL SEND THEM A COPY OF THE REQUESTED DOCUMENT. IN ADDITION, OUR TAX RETURNS MAY BE VIEWED ON THE STATE OF CALIFORNIA ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND IS INVOLVED IN SELECTION OF THE INDEPENDENT ACCOUNTANT WHICH COMPLETES THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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