2026-01-13T09:34:26-06:00 2024-12-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2024-01-01 760380705 Houston Area Community Development Corporation HOUS 7132220290 3315 Harrisburg Blvd 400 Houston TX 77003 John Peavy Chief Financial Officer 7132220290 2026-01-13 1 0 Kurt Coburn P01638285 7134395739 2026-01-13 2024 2025-03-06 01:10:19Z Joy Horak-Brown 3315 Harrisburg Blvd 400 Houston TX 77003 22992764 0 X www.newhopehousing.com X 1992 TX Houston Area Development Corporation (HACDC), a Community Housing Development Corporation (CHDO), owns and operates single room occupancy (SRO) properties housing low-income individuals and the chronically homeless. It offers robust on-site supportive services. 10 10 0 16 0 0 0 0 4320587 13279147 138675 121901 0 0 4459262 13401048 3746216 7865736 0 0 1248332 2404223 0 0 0 1934994 4189944 6929542 14459903 -2470280 -1058855 98269929 104793654 42124900 49696564 56145029 55097090 X See Schedule O 0 0 603463 See Schedule O 1093404 102242 See Schedule O 418282 119405 See Schedule O HACDC, in concert with New Hope Housing, operates a continuous development cycle where we have 2 to 3 projects in varying stages of development at any given time. We operate to the standards of the for-profit multifamily industry, and our real estate development model is a testament to that work.NHH at Sakowitz - 166 unitsTo facilitate the development of NHH at Sakowitz, the City of Houston made a performance-based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to Sakowitz SRO, Ltd. The development also includes financing from Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Brown Foundation, The Fondren Foundation and other foundations and corporations.Sakowitz is the first LEED certified affordable housing in the State of Texas, and it is also Houston's first 'green' multifamily housing development. The fact that Sakowitz is 'supportive' housing and that it has achieved platinum certification the highest level makes this recognition even more significant. Situated in Greater Fifth Ward/Denver Harbor, Sakowitz opened in October 2010. NHH at Perry - 160 units To facilitate the development of NHH at Perry, the City of Houston made a performance-based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to Perry SRO, Ltd. The development also includes financing from Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Brown Foundation, JPMorgan Chase Foundation and other foundations and corporations.As a LEED platinum certified property, Perry is New Hope's second energy-efficient, 'green' property. The building opened in October 2012.Situated in Foster Place, one of Houston's historic neighborhoods, the Perry property is located south of the University of Houston off Griggs Road and Cullen Boulevard. Perry is New Hope's sixth SRO community. NHH at Rittenhouse - 160 units To facilitate the development of Rittenhouse, the City of Houston made a performance-based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to Rittenhouse SRO, Ltd. The development also includes financing from Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, as well as private charitable contributors, including the Houston Endowment Inc., The Brown Foundation, The Meadows Foundation, and other foundation and corporate supporters. As a LEED platinum certified development, Rittenhouse is New Hope's third energy-efficient, 'green' property. Rittenhouse is New Hope's first property north of Loop 610 and is located off I-45 North at the corner of Stuebner Airline and Rittenhouse Road. Rittenhouse is New Hope's seventh SRO property. The building opened in December 2013, and reached stabilized occupancy in record time, which speaks strongly to the dire community need for this type of housing. NHH at Reed - 187 unitsWith the opening of Rittenhouse, New Hope celebrated reaching its near-term goal of developing and managing almost 1,000 units of SRO housing. There is a compelling need for Housing + Services for a number of vulnerable populations in Houston, and New Hope is now positioned to address a variety of supportive housing needs. The Board of Directors made a strategic decision to respond to this need, and to expand New Hope's reach to reduce the footprint of homelessness for Houston families, as well as continuing to serve individuals.New Hope has opened its first affordable, supportive housing for homeless and near homeless families. This innovative community, NHH at Reed, is a 187-unit apartment complex made up of 1-, 2-, and 3-bedroom units. It is located off Highway 288 and Reed Road. With the goal to uplift families from generational poverty, the organization provides robust onsite social services that focus on addressing food insecurities, education, health, and employment. Designed by GSMA, Inc. and constructed by Camden Builders, this development is LEED Gold certified. A grand opening ceremony took place in September 2018.The Reed development has received numerous accolades and media mentions since its opening. That includes being honored, together with its neighboring partner Star of Hope, with the 2020 ULI-Houston Development of Distinction award. The City of Houston committed $10.1MM in local Homeless Bond Program funds, which have been leveraged with other public/private investments. NHH at Harrisburg - 175 unitsNew Hope opened its first mixed-use development, NHH at Harrisburg. This transit-oriented community is a 175-unit SRO serving individuals living on extremely low incomes. The nonprofit organization celebrated a grand opening in April 2018. Located on the light rail in Houston's East End, Harrisburg also includes 4,000 SF of retail space and 7,500 SF of commercial office space, which is now home to New Hope's corporate office. Underscoring their commitment to mission, New Hope located their headquarters where their residents live. As the organization's fourth LEED platinum certified development, NHH at Harrisburg was designed by Ernesto L. Maldonado, AIA of GSMA, Inc.As evidence of its impact on the community, Harrisburg has already been honored with several awards and accolades, including: the 2019 Houston Business Journal Landmark Award in Community Impact; the Houston Apartment Association Landmark Award in Tax Credits; the National Association of Housing and Redevelopment Officials Award of Excellence; and, the U.S. Green Building Council Leadership Award. The City of Houston committed $6.6MM in HOME funds plus a portion of local Homeless Bond Program funds. To create a true public/private partnership, New Hope leveraged these funds with 4% Housing Tax Credits and Bonds, allocated by the Texas Department of Housing and Community Affairs, in addition to grants and contributions from private sources. Under the terms of an agreement for the sale of New Hope's original 129-unit Hamilton Street Residence, Hamilton closed when Harrisburg opened. Hamilton residents were given the opportunity to move to the new 175-unit Harrisburg property or to another New Hope property of their choice, based on availability and eligibility. NHH Dale Carnegie - 170 units New Hope celebrated the opening of its ninth SRO development, NHH Dale Carnegie, in October 2020. NHH Dale Carnegie was the first affordable housing development to break ground in Houston after Hurricane Harvey. The timing of its opening was fortuitous as people recover from COVID-19 and natural disasters. Located in the Sharpstown area of southwest Houston, this project is a 170-unit SRO serving individuals on extremely low incomes. Many of the residents are people who have experienced homelessness. Ernesto L. Maldonado, AIA of GSMA, Inc. designed this LEED Gold certified property.The City of Houston committed $8.5MM in HOME plus a portion of local Homeless Bond Program funds. To create a true public/private partnership, New Hope leveraged these funds with 9% Housing Tax Credits, allocated by the Texas Department of Housing, and Community Affairs, in addition to grants and contributions from private sources. NHH Avenue J - 100 unitsIn 2022, New Hope opened its second property for families. Located in Houston's vibrant, culturally-rich East End, NHH Avenue J offers 100 units of 1- and 2-bedroom apartments for working families and those on a fixed income. This multifamily property is our first designed for working families. It is in the historic Second Ward where naturally occurring affordable housing (NOAH) is dwindling, and development of high-end urban homes are becoming prolific. The location is one of Houston's five Complete Communities and a designated Concrete Revitalization Area. It will offer an affordable option in a rapidly gentrifying neighborhood with escalating rental rates.The City of Houston invested $12.4MM in Community Development Block Grant (CDBG) Disaster Relief funds, which were monies allocated to local municipalities by the U.S. Department of Housing and Community Development. Those funds were leveraged with 4% Housing Tax Credits and Bonds, allocated by the Texas Department of Housing and Community Affairs. Additional grants and contributions from private sources helped to close the funding gap. NHH Savoy - 120 unitsThis multifamily property is our second for working families. It is also the second New Hope property in Houston's Southwest Sharpstown neighborhood, just a block from the Dale Carnegie SRO. This high-quality apartment community is thoughtfully designed near health and education institutions in a transit-centric neighborhood near high frequency bus lines. The NHH Savoy property was completed in Q3 2023 and offers 120 apartment homes comprised of 1-, 2- and 3-units and 6,000 square feet of shared community space.The City of Houston invested $13.2MM in Community Development Block Grant (CDBG) Disaster Relief funds. These are monies allocated to local municipalities by the U.S. Department of Housing and Community Development to help Texas rebuild and recover from Hurricane Harvey. Those funds were leveraged with 9% Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs. Additional grants and contributions from private sources closed the funding gap. NHH Berry - 180 unitsNew Hope Housing Berry (NHH Berry) is located in the Northline neighborhood. It opened in 2025 and offers 180 low-income households a resilient and sustainable solution to the increasing affordable housing shortage in the wake of Hurricane Harvey and the pervasive substandard rental housing for families. NHH Gray - 135 unitsIn Q2 2021, New Hope received approval from Midtown Redevelopment Authority (MRA) to begin pre-development of New Hope Housing Gray (NHH Gray). This project opened in 2025 and houses 135 low- to moderate-income seniors. It is located in the historic Third Ward on Gray Street as a collaboration between New Hope Housing, MRA, and the Center for Civic and Public Policy Improvement(CCPPI). NHH Ennis - 102 unitsNew Hope Housing Ennis (NHH Ennis) opened in 2025 and is New Hope's second affordable community serving seniors and will be located in Houston's vibrant East Downtown neighborhood. NHH Avenue C - 120 units New Hope Housing Avenue C (NHH Ave C) will be New Hope's third affordable community serving seniors and will be located in the East End. 11776219 7865736 13057500 11776219 7865736 13057500 13891368 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 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 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Joy Horak-Brown 7132220290 3315 Harrisburg Blvd Ste 400 Houston TX 77003 X Ricardo Rivas Chairman 2.00 10.00 X X 0 0 0 Andrea Link Vice Chair 1.00 4.00 X X 0 0 0 Kevin Fulton Secretary 1.00 2.00 X X 0 0 0 Janice E Walker Treasurer 1.00 3.00 X X 0 0 0 Sanford W Criner Jr Chair Emertius 2.00 2.00 X 0 0 0 Michael M Fowler Chair Emertius 2.00 2.00 X 0 0 0 Kenneth J Valach Chair Emertius 4.00 2.00 X 0 0 0 Bolivar Fraga Director 1.00 1.00 X 0 0 0 Irma G Galvan Director 1.00 0.00 X 0 0 0 Preston Roe Director 1.00 0.00 X 0 0 0 Joy Horak-Brown President & CEO 25.00 25.00 X 190800 190800 924 Tamara Foster EVP Onsite Ops/Strategic Partnerships 5.00 45.00 X 0 227700 22041 John Peavy CFO (from July) 5.00 45.00 X 0 128679 234 Calvin Tang CFO (to March) 5.00 45.00 X 0 43333 2385 Diana Gross VP Philanthrophy & Communications 2.00 48.00 X 0 188250 22041 Ron Lastimosa VP Real Estate Development 50.00 0.00 X 210000 0 24541 Katie Lamb VP People & Culture 5.00 45.00 X 0 188250 22829 Stacey Lastovica VP Property Management 5.00 45.00 X 0 138000 22641 Rhonda Bonfiled Dir. of Foundations and Corp Rel. 2.00 48.00 X 0 119600 10482 Ash Hussain Director of Finance 5.00 45.00 X 0 148000 15641 Aziz Ouedraogo Senior Manager Finance 5.00 45.00 X 0 105000 13483 Katherine Anchondo Real Estate Development Manager 50.00 0.00 X 117252 0 26981 518052 1477612 184223 3 0 1 0 Camden Builders Inc 11 Greenway Plaza Ste 2400 Houston TX 77046 General contractor 50359023 APV Redevelopment Corp 2640 Fountaine View Dr Houston TX 77057 Developer 140443 2 Project development fees 900099 8229628 8229628 Rental income/fees 531110 4553654 4553654 Program-related interest 522292 376460 376460 Management fees 900099 119405 119405 13279147 121901 121901 5191716 4400000 5191716 4400000 0 0 13401048 13279147 0 121901 7865736 7865736 425803 425803 1689220 1592533 96687 17804 17804 116469 116469 154927 146059 8868 241844 241844 32999 32999 39700 39700 125749 125018 731 68377 68377 43244 43244 1334745 1334745 8831 8831 17531 17531 1404236 1404236 642204 642204 Uncollectible amounts 180705 180705 Dues and subscriptions 41667 41667 Professional dev. 8112 8112 14459903 13891368 568535 0 218998 79855 311818 583853 1320000 42462 198036 185945 42339 52341 44213422 19865289 29967821 24348133 3084790 2011633 54120872 55817332 9005255 21672100 98269929 104793654 5263475 12517313 106635 71435 36754790 37107816 42124900 49696564 X 56145029 55097090 56145029 55097090 98269929 104793654 -1058855 10916 0 X 0 1 X 1 1 1 X 1600001 14330004 9865116 25795121 1600001 14330004 9865116 25795121 25795121 16320 49503 147047 138675 121901 473446 26268567 30194677 0.98200 0.98700 X 2079614 2079614 40912768 18753330 22159438 823062 731827 91235 397978 380132 17846 24348133 N/R - Dale Carnegie 8500000 C N/R - Rittenhouse 4162225 C N/R - Harrisburg 6617733 C N/R - Reed 10100000 C N/R - Avenue J 12904990 C N/R - Savoy 13532384 C 55817332 Due from affiliates 21672100 21672100 Security deposits 57080 Deferred payment loans 34185000 Due to affiliates 2865736 37107816 1 New Hope Housing Inc 3315 Harrisburg Blvd Ste 400 Houston TX 77003 731419279 501(c)(3) 7865736 0 Project development 1 Part I, Line 2: New Hope Housing, Inc. is the sole member of Houston Area Community Development Corporation. During 2024, HACDC provided to NHHI $7,865,736 to be utilized in the development of ongoing affordable housing projects. 0 0 0 0 0 0 0 0 0 Joy Horak-Brown President & CEO 159000 159000 31800 31800 0 0 0 0 462 462 191262 191262 0 0 Tamara Foster EVP Onsite Ops/Strategic Partnership 0 207000 0 20700 0 0 0 12500 0 9541 0 249741 0 0 Ron Lastimosa VP Real Estate Development 150000 0 60000 0 0 0 4200 0 20341 0 234541 0 0 0 Katie Lamb VP People & Culture 0 165000 0 23250 0 0 0 7298 0 15531 0 211079 0 0 Diana Gross VP Philanthrophy & Communications 0 165000 0 23250 0 0 0 12500 0 9541 0 210291 0 0 Ash Hussain Director of Finance 0 135000 0 13000 0 0 0 6100 0 9541 0 163641 0 0 Stacey Lastovica VP Property Management 0 120000 0 18000 0 0 0 13100 0 9541 0 160641 0 0 Part I, Line 3 The Executive Committee of New Hope Housing, Inc. reviews and approves the Executive Director's compensation using comparative data for similar organizations as disclosed on Form 990s, salary surveys, and approval by the Executive Committee. Form 990, Part III, Line 1, Description of Organization Mission: New Hope Housing's core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The nonprofit organization owns and operates single room occupancy (SRO) for individuals and affordable housing for families with children. Currently, we have four properties in development, one for families and three for seniors. Without permanent housing in a safe and nurturing environment, these men, women, and children might become unhoused or live in severely substandard conditions. The residents at New Hope's SROs and supportive housing for previously homeless families earn an average of $800 a month - a direct indicator that New Hope serves Houston's most vulnerable citizens. Approximately 65% of our supportive housing population is formerly homeless, and many are formerly chronic 'street' homeless coping with mental health disabilities and chronic health conditions. Together with our partners, New Hope helps people come home. Our core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The vision for New Hope grew out of the ministry of Christ Church Cathedral-Episcopal in 1993. We are committed to carrying forward that vision by providing high-quality Housing + Services, which lay the foundation of hope for a stable life. The rental rates at all affordable housing properties operated by New Hope Housing, Inc. and its affiliates include free utilities, cable TV access, on-site support services, and, in some instances, high-speed internet. At each of the SRO properties, the front desk is staffed 24 hours a day, 7 days a week. Form 990, Part III, Line 4a, Description of Program Service: While apartment buildings do generate management fees that are paid to New Hope Housing, Inc. (the corporation), they are not sufficient to fund entirely the corporate office operations, which drives project development and all fundraising efforts. Therefore, we rely on funding from a variety of private donors, and with Board support, we continue to cultivate new donor relationships. Any gaps are then filled by developer fees, although their primary intent is to fund future project developments. Neither management nor developer fees fund resident services. The Resident Services Program ("RSP") is 100% supported privately. Through the work of our highly qualified staff, our RSP delivers direct support services and works closely with collaborative partners. Increasing our funded collaborative partnerships helps keep program costs low. Resident Services Program: New Hope Housing offers permanent supportive housing to people who have a long-range need for low-cost, supportive housing. Of course, there are residents who prefer to live at a New Hope property during a transitional time in their lives, later reuniting with family, or moving into market rate housing. As part of providing a supportive environment, New Hope operates the Resident Services Program, a four-pronged initiative that includes: (1) Assistance from the on-site Case Managers and Community Support Specialists who coordinate access to social services and to whom residents can turn if they are facing special difficulties. (2) Direct assistance with basic necessities, financial services, and food security that promote stability in the lives of residents. (3) Educational opportunities, life skills training, social activities, and healthcare access for spiritual, social, and physical well-being, and for equitable opportunities. (4) A Resident Feedback Collaborative, which closes feedback loops and amplifies resident voice, ensuring New Hope's Housing + Services are meeting true resident needs. More people have been housed in Houston, Texas since 2012 than ever before thanks to a strongly supported housing system. Yet much work remains to fill the approximately 195,000 shortage of affordable homes. This drives New Hope's intent to be an enduring institution serving people in Houston experiencing homelessness and those at risk of becoming unhoused. Form 990, Part III, Line 4b, Description of Program Service: NHH at Brays Crossing - 149 units The City of Houston approached New Hope to develop Brays Crossing - what was once the dilapidated HouTex Inn. To facilitate the development, the City of Houston made a performance-based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to FDI-Houston SRO, Ltd. The development also includes financing from Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from private charitable contributors, including the Houston Endowment Inc., The Meadows Foundation, and the United Way of Greater Houston. In late 2007, FDI-Houston SRO, Ltd. purchased the property located at 6311 Gulf Freeway, I-45 at the Griggs Road exit. This property is now owned and operated by Houston Area Community Development Corporation (HACDC). The property serves as a foundation for a large public art display that is integral to the building design. Brays Crossing opened in February 2010. Form 990, Part III, Line 4c, Description of Program Service: NHH at Congress - 57 units This property is owned and operated by Houston Area Community Development Corporation (HACDC). In 2002, HACDC became an affiliate of New Hope Housing, when the original board of directors passed governance to NHHI. The building is a moderate rehabilitation and modification of the Powell Hotel, which was established in 1925. The original renovation of the Congress property was completed in 1997 and received the Greater Houston Preservation Alliance Good Brick Award. At the end of October 2007, this property was temporarily closed for an intensive renovation and reopened in October 2010 to house the chronic homeless with disabilities. The original rehabilitation of the property performed before NHHI assumed governance was undercapitalized, and the contractor declared bankruptcy shortly after the original renovation was completed. Thus, the structure required substantial renovation and structural upgrades. Form 990, Part VI, Section A, line 6 HACDC has one member, New Hope Housing, Inc. Form 990, Part VI, Section A, line 7a The Directors of HACDC are elected by the sole member, New Hope Housing, Inc. Form 990, Part VI, Section B, line 11b Certain members of the Finance Committee review and approve Form 990. Form 990 is distributed to governing body via email prior to filing. Form 990, Part VI, Section B, line 12c Annual written disclosure by all officers, directors and key employees is required. If any conflicts are identified, the board of directors takes appropriate action. Form 990, Part VI, Section B, line 15 The Executive Committee of New Hope Housing, Inc. reviews the Executive Director's compensation using comparative data from similar organizations. President/CEO reviews, with input from Treasurer/CFO, and comparative data is used. President/CEO reviews Treasurer/CFO, Vice President of Onsite Operations, Vice President of Real Estate Development, Vice President of Fund Development and Communications, and Director of Human Relations. Other employees are reviewed by direct supervisors, with final approval of President/CEO. All employees (except new hires) were reviewed in 2024. Form 990, Part VI, Section C, line 19 Documents are made available upon reasonable request and at the corporate office. Form 990, Part VII, Compensation Explanation - Joy Horak-Brown: See "Part VII and IX" explanation in Schedule O for allocation of Joy Horak-Brown's time to HACDC. Form 990, Parts VII and IX: The 2013 HOME Final Rule changed certain requirements for an organization seeking qualification as a Community Housing Development Organization ("CHDO"). Most importantly in HACDC's case, such an organization must have paid employees with housing experience appropriate to the role the organization expects to play in its housing projects. In the past, the experienced employees providing those services to HACDC were employed directly by New Hope Housing ("NHH") and no portion of their compensation was allocated to HACDC. To demonstrate compliance with these rules, HACDC has made an allocation of the appropriate amounts of compensation related to services provided to it by NHH for the year 2024. Approximately 50% of Joy Horak-Brown's time is spent providing services to HACDC, and 100% of Ron Lastimosa's and Katherine Anchondo's time is spent providing services to HACDC. Form 990, Part VII, Section B - Independent Contractors: The amount reported on Part VII as compensation to Camden Builders was paid by HACDC on behalf of NHH Berry LLC, NHH Gray LLC, NHH Ennis LLC, and NHH Avenue C, Ltd, related organizations shown in Schedule R. New Hope Housing Inc 3315 Harrisburg Blvd Ste 400 Houston TX 77003 731419279 Low income housing TX 501(c)(3) Line 7 N/A 0 NHH-Canal Street Apartments Inc 3315 Harrisburg Blvd Ste 400 Houston TX 77003 043664461 Low income housing TX 501(c)(3) Line 12a, I New Hope Housing 0 Rittenhouse SRO Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 352424076 SRO Housing TX N/A 0 0 Harrisburg SRO Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 811319604 SRO Housing TX N/A 1 1 NHH At Reed Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 471050534 SRO Housing TX N/A 1 1 Dale Carnegie SRO Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 831642515 SRO Housing TX N/A 1 1 NHH Ave J Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 844704572 SRO Housing TX N/A 1 1 NHH Savoy Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 852806946 SRO Housing TX N/A 1 1 NHH Berry LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 923931786 SRO Housing TX N/A 1 1 NHH Gray LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 931691063 Senior Housing TX N/A 1 1 NHH Ennis LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 873973091 Senior Housing TX N/A 1 1 NHH Avenue C Ltd 3315 Harrisburg Blvd Ste 400 Houston TX 77003 992984781 Senior Housing TX N/A 0 1 NHH at Dale Carnegie LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 831642515 Project development TX Houston Area Community Development Corp C -88 14951365 1.00000 1 NHH Avenue J GP LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 844696532 Project development TX Houston Area Community Development Corp C -378992 22573125 1.00000 1 NHH at Harrisburg LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 811319604 Project development TX Houston Area Community Development Corp C 5 183694 1.00000 1 NHH at Reed GP LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 471050534 Project development TX Houston Area Community Development Corp C 5 1647153 1.00000 1 NHH Savoy GP LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 852767448 Project development TX Houston Area Community Development Corp C -123 1.00000 1 NHH Ennis SLM LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 934196712 Project development TX Houston Area Community Development Corp C 1.00000 1 NHH Berry SLP LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 931595445 Project development TX Houston Area Community Development Corp C 50 1.00000 1 NHH Gray SLP LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 931886993 Project development TX Houston Area Community Development Corp C 50 1.00000 1 NHH Avenue C SLP LLC 3315 Harrisburg Blvd Ste 400 Houston TX 77003 993370132 Project development TX Houston Area Community Development Corp C 1.00000 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 Form 990, Schedule R, Part IV - Election statement of NHH Avenue C SLP, LLC NHH Avenue C SLP, LLC, EIN: 99-3370132 The following election was included in the 2024 Form 1120 of NHH Avenue C SLP, LLC and is being included here pursuant to Sec. 301.9100-7T(a)(3)(ii). Election to be treated as other than a tax-exempt controlled entity under Internal Revenue Code Section 168(h)(6): The taxpayer is owned/controlled by one or more tax-exempt entities. The taxpayer hereby makes an election, in accordance with Code Section 168(h)(6)(F)(ii), to be treated as other than a tax-exempt controlled entity for purposes of using the alternative depreciation system for certain property specified in Section 168(g)(2). This property includes residential rental property specified in Section 168(g)(2). This property includes residential rental property which the entity will be depreciating over a recovery period of 27.5 years. The tax-exempt organizations which have an ownership interest in the controlled entity have agreed, as mandated in Section 168(h)(6)(F)(ii)(II), to treat the gain from any disposition of their ownership interests (and any dividend received or accrued by the tax-exempt entity from the controlled entity) as unrelated business taxable income for purposes of Code Section 511 of the Internal Revenue Code. The organization's finance and accounting team experienced significant personnel changes in 2024, complicating the completion of the organization's 2024 Form 990. The organization exercised ordinary business care and prudence and was nevertheless unable to file the return within the prescribed time. The organization has not previously filed late and has had discussions with its paid preparer about steps it can take to ensure that subsequent returns are timely filed. The organization respectfully requests abatement from late filing penalties due to the reasonable causes explained above.