2024-11-15T01:20:21-00:00 2023-12-31 383397087 Donna M Bishop CPA PC 3839 W 12 Mile Rd Berkley MI 480721115 990 2023-01-01 611595858 Detroit Affordable Homes Inc DETR 2486299155 PO Box 725378 Berkley MI 480725378 Kirk B Bruce Executive Director 2486299155 2024-11-15 true Donna M Bishop P00021231 2485474400 2024-11-14 2023 2024-10-15 13:58:12Z Affiliated Developers Inc Kirk B Bruce PO Box 725378 Berkley MI 480725378 1656607 false X X 2009 MI To develop and preserve affordable housing for Extremly Low, Very Low and Low Income families, seniors, disabled and disadvantaged populations. 4 4 0 0 0 1386710 1581834 0 24263 -12459 1410973 1569375 0 0 292985 492975 0 0 261454 871141 554439 1364116 856534 205259 2481481 2686770 150800 150827 2330681 2535943 X To develop and/or preserve affordable housing for Extremly Low Income ELI, Very Low Income VLI and Low Income LI families, seniors, disabled and disadvantaged populations, asset management of existing stabilized projects, underwriting new projects, overseeing construction, and applying for government incentives. false false 126785 1338467 Oklahoma Central Region Portfolio -- This is a 261 scattered site RD project in central Oklahoma with a capital stack of 4 tax exempt bonds, USDA 515 and 538 debt. DAH spent 2023 finalizing 8609 cost audit, stabilizing lease ups, securing permanent debt and asset management. 475443 Modeling, underwriting, and applying for government incentives on new projects for preservation. DAH is working on the following projects currently 202 unit RD portfolio near Reno, NV utilizing USDA 515 and 538 debt, AHP, HUD HOME and NHT grants along with 4 tax exempt bond Federal LIHTC program 110 unit RD portfolio in Liberal, KS utilizing USDA 515 and 538 debt alongside 4 tax exempt bond Federal LIHTC program and finally utilizing the state low income housing tax credit program 48 unit adaptive re-use in Minot, ND using 4 tax exempt program and some local community incentives. 31696 243367 Asset management of DAHs current projects which include the following Franklin School Apartments, Guardian Apartments, Oakwood Village Apartments, and the Progressive Rural Housing Apartments. 709538 1343462 true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 3 0 0 false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true false false false false true true MI MT OK X Kirk B Bruce 2482683289 2886 Twelve Mile Road Suite 725378 Berkley MI 48072 Kirk Bruce Executive Director 060.00 X X 492975 0 0 David T Dorsey III Director, President 001.00 X X 0 0 0 Anthony T Rankin Director, Sec/Treas 001.00 X X 0 0 0 Sean P Dunn Director 001.00 X 0 0 0 Robert Force Director 001.00 X 0 0 0 492975 1 false true false Management loss monitoring fees - FSA 541900 64689 64689 RTO income - OK Portfolio 11 properties 541900 47719 47719 Surplus cash flow - Guardian 541900 29363 29363 Developer fees - OK Portfolio 11 properties 541900 1290748 1290748 Developer fees - Oakwood Village 541900 130565 130565 18750 18750 1581834 66624 87232 -20608 -20608 -20608 Miscellaneous 8149 8149 8149 1569375 1569375 0 0 0 0 492975 492975 0 0 0 0 0 0 64546 64546 9340 9340 0 0 23000 23000 0 10955 10955 0 0 4494 4494 24254 24254 0 0 10895 10895 0 0 0 Predevelopment costs for unsuccessful projects 709538 709538 Taxes - miscellaneous 8914 8914 Education expenses 5205 5205 0 1364116 1343462 20654 0 757026 671733 60006 60009 1664449 1955028 2481481 2686770 800 827 150000 150000 150800 150827 X 2330681 2535943 2330681 2535943 2481481 2686770 X 205259 3 X false false false X 95343 948282 238141 1410973 1569375 4262114 95343 948282 238141 1410973 1569375 4262114 4262114 0 0 0 0 95343 948282 238141 1410973 1569375 4262114 1.00000 1.00000 0.00000 X false Financial derivatives and other financial products Closely-held equity interests Receivables from related entities 138706 Predevelopment costs - total 3 projects in 2022 and 4 projects in 2023 1816322 1955028 Federal income taxes X X false false false false false true false false false Kirk Bruce Executive Director 110000 382975 492975 Part I Line 6a Executive director has an annual base salary of 110,000. The remaining compensation is performance based. The performance based compensation is based on the net earnings of the organization and is paid at the discretion of the Board of Directors. The Board of Directors considers, among other factors, the available cash, earnings from prior projects for which performance based compensation has not yet been paid, cash needed for daily operations and future cash projections coming from current/new projects, and a reserve for future development projects. The Board will continue total discretion in paying the performance based portion of the compensation for at least the next 2 years of operations. After 2 years the Board will consider a written agreement with the Executive Director regarding the net earnings calculation and percentage to determine the performance based compensation. Form 990, Part III, Line 4d Program Service Expenses 709,538, Grants and allocations 0, Revenue 0 Predevelopment costs for unsuccessful projects in Texas, New Mexico and Arizona. Form 990, Part XI, Line 9 Other changes in net assets 3 - change in investment in related entities. Form 990, Part VI, Section B, Line 11b The Form 990 is initially prepared by a CPA and reviewed by the Executive Director. After modifications, if any, it is given to the Board of Directors for review. Form 990, Part VI, Section B, Line 12c At annual meeting the organization asks officers, directors, and key personnel for disclosure of interests that could give rise to conflicts. 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. The organization does not solicit the public for grants, donations, etc. therefore the Board of Directors believes it is adequate to not publish these documents to the public unless requested. Charles Street PO Box 725378 Berkley MI 48072 900545260 Low-inc. housing MI FSA Inc Related -12 210 true true 0.00010 Guardian Apts 520 Logan St Helena MT 59601 473035049 Low-inc. housing MT GA Inc Related -15 888 true true 0.00010 Progressive Rural PO Box 725378 Berkley MI 48072 800878804 Low-inc. housing OK PRHA Inc Related -16 648 true true 0.00010 ADI Pres OK Portfolio PO Box 725378 Berkley MI 48072 841767016 Low-inc. housing OK Affiliated Preservation LLC Related -63 2540 true true 0.00010 Oakwood Village PO Box 725378 Berkley MI 48072 371930341 Low-inc. housing MT OV MT LLC Related -18 564 true true 0.00010 FSA Inc PO Box 725378 Berkley MI 48072 800908727 Low-inc. housing MT Detroit Afford C Corp -12 210 1.00000 false GA Inc PO Box 725378 Berkley MI 48072 371770697 Low-inc. housing MT Detroit Afford C Corp -15 888 1.00000 false PRHA Inc PO Box 725378 Berkley MI 48072 320421442 Low-inc. housing OK Detroit Afford C Corp -16 648 1.00000 false Affiliated Preservation LLC PO Box 725378 Berkley MI 48072 841741594 Low-inc. housing OK Detroit Afford C Corp -63 2540 1.00000 false OV MT LLC PO Box 725378 Berkley MI 48072 833432914 Low-inc. housing MT Detroit Afford C Corp -18 564 1.00000 false false false false false false false false false false false false true false false false false false false false ADI Pres OK Portfolio - Affiliated Preservation LLC l 1290748 Development service agreement Charles Street LLC - FSA Inc l 64689 Development service agreement Oakwood Village LLC - OV MT LLC l 130565 Development service agreement ADI Pres OK Portfolio - Affiliated Preservation LLC l 47719 Operating agreement Part IV Line 1 FSA, Inc. income and assets are the same as Charles Street LLC in Part III Line 1 because FSA, Inc. is a partner in Charles Street LLC and Detroit Affordable Homes, Inc. owns 100 of FSA, Inc. Part IV Line 2 GA, Inc. income and assets are the same as Guardian Apartments Helena LLC in Part III Line 2 because GA, Inc. is a partner in Guardian Apartments Helena LLC and Detroit Affordable Homes, Inc. owns 100 of GA, Inc. Part IV Line 3 PRHA, Inc. income and assets are the same as Progressive Rural Housing Apartments LLC in Part III Line 3 because PRHA, Inc. is a partner in Progressive Rural Housing Apartments LLC and Detroit Affordable Homes, Inc. owns 100 of PRHA, Inc. Part IV Line 4 Affiliated Preservation LLC income and assets are the same as ADI Preservation OK Portfolio LLC in Part III Line 4 because Affiliated Preservation LLC is a partner in ADI Preservation OK Portfolio LLC and Detroit Affordable Homes, Inc. owns 100 of Affiliated Preservation LLC. Part IV Line 5 OV MT LLC income and assets are the same as Oakwood Village LLC in Part III Line 5 because OV MT LLC is a partner in Oakwood Village LLC and Detroit Affordable Homes, Inc. owns 100 of OV MT LLC.