2026-03-11T10:23:53-05:00 2025-04-30 161092347 MENGEL METZGER BARR & CO LLP 11 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2024-05-01 141724899 CAPITAL AFFORDABLE HOUSING FUNDING CORPORATION CAPI 5184341730 255 ORANGE STREET ALBANY NY 12210 SUSAN COTNER EXECUTIVE DIRECTOR 5184341730 2026-02-27 1 0 ALAN W CLINK CPA P01256785 5187850134 2024 2025-03-06 01:10:19Z SUSAN COTNER 255 ORANGE STREET ALBANY NY 12210 76651 0 X NONE X 1989 NY TO PROVIDE LOANS TO LOW AND MODERATE INCOME FAMILIES TO ASSIST THEM IN OBTAINING QUALIFIED HOUSING. 3 3 0 3 0 0 2839 2033 20437 74421 198 197 0 0 23474 76651 0 0 0 0 0 0 0 0 0 42401 73732 42401 73732 -18927 2919 523334 386561 253380 113688 269954 272873 TO PROVIDE LOANS TO LOW AND MODERATE INCOME FAMILIES TO ASSIST THEM IN OBTAINING QUALIFIED HOUSING. 0 0 60371 74421 PROVIDED LOW COST MORTGAGE FINANCING WITH FLEXIBLE UNDERWRITING CRITERIA TARGETED TO LOW AND MODERATE INCOME FAMILIES. OVER AN ELEVEN-YEAR PERIOD ENDING IN 2001, THE CORPORATION PROVIDED $21.2 MILLION IN MORTGAGE LOANS TO FIRST TIME HOMEBUYERS AND DEVELOPERS OF AFFORDABLE RENTAL PROPERTIES. DURING THE YEAR ENDED APRIL 30, 2025, THE PROGRAM SERVED 20 PARTICIPANTS. 60371 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 0 0 0 NY X X SUSAN COTNER 5184341730 225 ORANGE STREET ALBANY NY 12210 CLAYTON ALLEN MEMBER 1.00 X 0 0 0 ERIC DAHL PRESIDENT 2.00 X X 0 0 0 KIMBERLY REILLY SECRETARY/TREASURER 1.00 X X 0 0 0 SUSAN COTNER EXECUTIVE DIRECTOR 8.00 40.00 X 0 56913 2740 0 56913 2740 0 0 0 0 0 2033 2033 RECOVERY OF PRIOR YEAR 531390 31895 31895 CURRENT YEAR RECOVERY 531390 28624 28624 LOAN INTEREST 531390 13902 13902 74421 197 197 76651 74421 0 197 2000 2000 3916 3916 CARRYING COSTS OF PROPE 48804 48804 PROFESSIONAL FEES 10772 10772 CREDIT LOSS EXPENSE 7651 7651 LOAN SERVICING FEES 409 409 180 180 73732 60371 13361 0 102444 123211 104612 67314 10155 10095 306123 185941 523334 386561 63956 32100 189424 81588 253380 113688 X 269954 272873 269954 272873 523334 386561 2919 0 X 1 X 0 1 0 0 X PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(4) AND COMPARABLE NEW YORK STATE LAW AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF AN UNCERTAIN TAX POSITION HAS BEEN TAKEN THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED ITS TAX POSITIONS TAKEN AND IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS NO EMPLOYEES. THE CORPORATION AND AFFORDABLE HOUSING PARTNERSHIP OF THE CAPITAL REGION INC. (AHP) HAVE SIMILAR OFFICERS AND DIRECTORS, AND SHARE COMMON FACILITIES AND PERSONNEL. THE CORPORATION IS PROVIDED STAFFING, OFFICE SPACE, SUPPLIES AND THE USE OF COMPUTERS FROM AHP. FOR THE YEAR ENDED APRIL 30, 2025, THE CORPORATION WAS CHARGED A MANAGEMENT FEE OF $2,000 FOR THESE ITEMS BY AHP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE ORGANIZATION IS LIMITED TO FINANCIAL INSTITUTIONS THAT HAVE AGREED TO PARTICIPATE IN FUNDING THE ORGANIZATION'S LENDING ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER DESIGNATES ITS REPRESENTATIVE WHO SHALL ATTEND MEETINGS AND CAST VOTES ON THE MEMBERS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE ANNUAL REVIEW, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL/INDIVIDUALS WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND WE MAKE ALL MANAGEMENT DECISIONS AND PERFORM ALL MANAGEMENT FUNCTIONS. THE BOARD OF DIRECTORS HAS AUTHORIZED THE EXECUTIVE COMMITTEE TO REVIEW AND APPROVE THE IRS FORM 990 BEFORE IT IS SUBMITTED. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 THE CORPORATION HAS NO EMPLOYEES. NO MEMBER OF THE BOARD OF DIRECTORS RECEIVES COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS OFFICES IN ALBANY, NY. AFFORDABLE HOUSING PARTNERSHIP OF THE CAPITAL REGION INC 255 ORANGE STREET ALBANY NY 12210 141724900 COUNSELING NY 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 AFFORDABLE HOUSING PARTNERSHIP CAP REGION N 1000 FMV AFFORDABLE HOUSING PARTNERSHIP CAP REGION O 1000 FMV