Tulsa American Housing Foundation Inc in Fairfax, Virginia (VA)

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Tulsa American Housing Foundation Inc
Employer Identification Number (EIN)541926793
Name of OrganizationTulsa American Housing Foundation Inc
AddressFairfax, VA 22030
Tax Period2002
Asset Amount$-5,617,042
Amount of Income$2,489,849
Form 990 Revenue Amount$2,489,849
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2002: $2,489,849
Tulsa American Housing Foundation Inc: 

 $2,489,849
Other organizations performing similar types of work: 

 $929,550

Assets in 2002: $-5,617,042
This organization: 

 $-5,617,042
Other organizations performing similar types of work: 

 $2,622,114

Expenses in 2002: $3,372,693
Tulsa American Housing Foundation Inc: 

 $3,372,693
Other organizations performing similar types of work: 

 $951,207

Income to expenses ratio in 2002: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 94.9%
This organization: 

 94.9%
Other organizations performing similar types of work: 

 90.8%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$4,428,831$3,263,454$2,489,849
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$4,106,320$3,147,916$2,415,159
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$58,415$34,103$7,008
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$264,096$81,435$67,682
Total expenses$5,502,542$6,070,922$3,372,693
Program services$5,294,789$5,883,026$3,201,138
Management and general$207,753$187,896$171,555
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$-1,926,730$-4,734,198$-5,617,042
Excess or (deficit) for the year$-1,073,711$-2,807,468$-882,844
Net assets or fund balances at beginning of year$-873,019$-1,926,730$-4,734,198
Other changes in net assets or fund balances$20,000$0$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,372,693$3,201,138$171,555$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$4,375$0$4,375$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$704,076$704,076$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$234,772$234,772$0$0
Payroll taxes$75,021$75,021$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$74,310$0$74,310$0
Supplies$4,873$4,873$0$0
Telephone$24,305$24,305$0$0
Postage and shipping$4,086$4,086$0$0
Occupancy$1,049,900$1,049,900$0$0
Equipment rental and maintenance$317,606$317,606$0$0
Printing and publications$2,896$2,896$0$0
Travel$2,584$0$2,584$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$621,447$621,447$0$0
Other expenses not covered above$252,442$162,156$90,286$0
Balance Sheets
200020012002
Total assets$27,662,374$26,875,396$25,792,744
Cash - non-interest-bearing$33,963$9,723$30,729
Savings and temporary cash investments$1,045,917$949,553$416,999
Accounts receivable less allowance for doubtful accounts$86,353$37,558$42,022
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$1,386,720$1,378,540$1,424,420
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$25,109,421$24,500,022$23,878,574
Other assets, including program-related investments$0$0$0
Total liabilities$29,589,104$31,609,594$31,409,786
Accounts payable and accrued expenses$1,215,559$3,283,778$3,090,612
Grants payable$0$0$0
Deferred revenue$18,445$7,664$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$28,261,539$28,261,539$28,261,539
Mortgages and other notes payable$0$0$0
Other liabilities$93,561$56,612$57,635
Total liabilities and net assets/fund balances$27,662,374$26,875,396$25,792,744
Total net assets or fund balances$-1,926,730$-4,734,198$-5,617,042
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$4,428,831$3,263,454$2,489,849
Total revenue, gains, and other support per audited financial statements$4,428,831$3,263,454$2,489,849
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$5,502,542$6,070,922$3,372,693
Total expenses and losses per audited financial statements$5,502,542$6,070,922$3,372,693
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$7,008$2,482,841
Program service revenue
Program service revenue 1000000$000$0$2,415,159
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$7,008$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$67,682
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
199920002001
Total$3,277,230$4,428,831$3,263,454
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$2,952,954$4,106,320$3,147,916
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$69,523$58,415$34,103
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$254,753$264,096$81,435
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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2American Opportunity For Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1992-10$74,242,383
3Community Housing Partners Corporation448 Depot St Ne, Christiansbrg, VA 24073-2050VA1980-05$55,299,592
4Governmental And Educational Assistance Corporation7900 Excelsior Blvd Ste 250, Hopkins, MN 55343-3462MN1998-09$51,894,698
5American Opportunity Foundation, Houston Affordable Housing Corp600 Galleria Pkwy Se Ste 1440, Atlanta, GA 30339-8112GA1985-01$44,961,538
6Phipps Houses902 Broadway Fl 13, New York, NY 10010-6033NY1948-03$43,193,742
7National Community Renaissance Of California9421 Haven Ave, Rch Cucamonga, CA 91730-5886CA1996-10$35,825,509
8Network For Oregon Affordable Housing1020 Sw Taylor St Ste 585, Portland, OR 97205-2510OR1992-01$34,813,683
9Greater Minnesota Housing Fund332 Minnesota Street No 1201e, St Paul, MN 55101-1375MN1996-06$33,678,560
10Affordable Housing Partners Inc770 3rd Ave Sw, Carmel, IN 46032-2036IN1997-02$31,646,552
11Pensacola Habitat For Humanity Inc300 West Leonard Street, Pensacola, FL 32501-1406FL1982-10$25,769,529
12East Harlem Pilot Block Housing Development Fund Co Inc, Taino Towers2253 3rd Ave Fl 5, New York, NY 10035-2200NY1972-08$25,701,471
13Act V Inc, Colonial Village Apartments5515 Cherokee Ave Ste 204, Alexandria, VA 22312-2309VA1993-05$12,910,329
14Volunteers Of America Inc, Voa New Orleans Affordable Housing Corp Ii1660 Duke Street, Alexandria, VA 22314VA1965-05$12,314,128
15Virginia Equal Housing Foundation626 E Broad St Ste 400, Richmond, VA 23219-1890VA2000-04$10,913,027
16Our Lady Of Peace Inc3333 Peters Crk Rd Nw, Roanoke, VA 24019-2719VA1946-03$8,569,418
17Virginia Nonproit Housing Coalition1111 E Main St Ste 1100, Richmond, VA 23219-3520VA1990-06$6,777,724
18Wesley Housing Development Corporation Of Northern Virginia5515 Cherokee Ave Ste 200, Alexandria, VA 22312-2309VA1975-09$4,360,238
19Habitat For Humanity International Inc, Peninsula And Greater WilliamsburgPO BOX 1443, Newport News, VA 23601-0443VA1987-01$3,221,158
20American Village Communities Inc, Daniel Housing Corporation Inc3937 University Dr Ste C, Fairfax, VA 22030-2576VA1993-02$3,158,496
21Tulsa American Housing Foundation IncFairfax, VA 22030VA$2,489,849
22Warm Hearth Inc2607 Warm Hearth Dr Ste 100, Blacksburg, VA 24060-6247VA1974-05$1,287,181
23Olde Towne-American Housing Fdn IncFairfax, VA 22030VA$1,046,218
24Perry S Hall Inc5515 Cherokee Ave Ste 204, Alexandria, VA 22312-2309VA1987-03$636,173
25Habitat For Humanity International Inc, Danville & Pittsylvania Co HfhPO BOX 718, Danville, VA 24543-0718VA1987-01$268,901
26Habitat For Humanity International Inc, Fluvanna County Hfh36618 Lake Monticello Road, Palmyra, VA 22963VA1987-01$152,198
27Belleville Widows & Orphans Home Incorporated3927 Bridge Rd, Suffolk, VA 23435-1910VA1970-01$97,804
28Ahc Inc, Lee Gardens Housing Corporation2230 N Fairfax Dr Ste 100, Arlington, VA 22201VA$5,880,837
29Affordable Housing Corporation9605 Clarks Crossing Rd, Vienna, VA 22182-1929VA1997-08$1,581,924
30Community Lodgings Inc3912 Elbert Ave, Alexandria, VA 22305-2047VA1988-09$961,774
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas9
Arizona7
California116
Colorado16
Connecticut18
District of Columbia5
Delaware5
Florida40
Georgia22
Hawaii2
Iowa7
Idaho2
Illinois33
Indiana13
Kansas4
Kentucky12
Louisiana13
Massachusetts40
Maryland22
Maine6
Michigan31
Minnesota30
Missouri11
Mississippi3
Montana3
North Carolina24
North Dakota1
Nebraska3
New Hampshire7
New Jersey14
New Mexico3
Nevada6
New York109
Ohio33
Oklahoma2
Oregon11
Pennsylvania34
Rhode Island6
South Carolina4
South Dakota2
Tennessee21
Texas43
Utah6
Virginia25
Vermont8
Washington15
Wisconsin16
West Virginia7
International2
Total876

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