2024-11-15T15:45:00-06:00 2023-12-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-01-01 311707833 PROVIDENT AFFORDABLE HOUSING RESOURCES INC PROV 7709332263 16787 BEACH BLVD 558 HUNTINGTON BEACH CA 92647 KATHRYN T WALKER VICE-PRESIDENT 7709332263 2024-11-15 1 0 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z KATHRYN T WALKER 16787 BEACH BLVD 558 HUNTINGTON BEACH CA 92647 4551705 0 X N/A X 2000 CA PROVIDENT AFFORDABLE HOUSING RESOURCES, INC. SERVES THE POOR AND DISTRESSED, WORKS TO ELIMINATE DISCRIMINATION AND PREJUDICE, AND LESSENS NEIGHBORHOOD TENSIONS BY PROVIDING SAFE, DECENT AND AFFORDABLE HOUSING. 5 5 0 0 0 0 0 2761 0 0 -79822 1285 6413 0 -73409 4046 0 0 0 0 156000 137500 0 0 0 54772 38725 210772 176225 -284181 -172179 4546088 4870177 107000 107000 4439088 4763177 X THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO SERVE AND RELIEVE THE POOR AND DISTRESSED, COMBAT COMMUNITY DETERIORATION, ELIMINATE DISCRIMINATION AND PREJUDICE AND LESSEN NEIGHBORHOOD TENSIONS BY PROVIDING SAFE, DECENT AND SANITARY HOUSING TO PERSONS OF LOW AND VERY LOW INCOME. 0 0 THE CORPORATION OWNED THREE PROPERTIES WITH APPROXIMATELY 604 UNITS. APPROXIMATELY 75% OF THESE UNITS ARE AVAILABLE FOR RESIDENTS WHO QUALIFY AS VERY LOW AND LOW INCOME FAMILIES. THE CORPORATION DEVELOPED AND IMPLEMENTED SERVICE-ENRICHED HOUSING PROGRAMS, INCLUDING HEALTH, SOCIAL AND EDUCATION PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND POTENTIAL FOR PERSONAL GROWTH OF ITS RESIDENTS. COMPUTER TRAINING, ADULT BASIC EDUCATION, SUPPORT GROUPS, FOOD AND NUTRITION CLASSES AND JOB READINESS TRAINING ARE EXAMPLES OF PROGRAMS THAT WERE OFFERED TO THE RESIDENTS OF THE FACILITIES IN 2020. 1 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 0 1 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X KATHRYN T WALKER 7709332263 1401 BROOKCLIFF DRIVE MARIETTA GA 30062 PHILIP J KENNEDY PRESIDENT AND CEO 2.00 X X 100000 0 0 KATHRYN T WALKER TREASURER AND CFO 8.00 X X 37500 0 0 WILLIAM W HIRSCH DIRECTOR 1.00 X 0 0 0 VASILIOS SALAMANDRAKIS DIRECTOR 1.00 X 0 0 0 WILLIAM J TODD DIRECTOR 1.00 X 0 0 0 137500 0 0 0 0 0 0 0 2761 2761 58438 58438 4490506 4547659 -57153 -57153 -57153 4046 0 0 1285 137500 137500 29786 29786 2460 2460 MISCELLANEOUS ADMINISTR 6461 6461 FOREIGN WITHHOLDING TAX 18 18 176225 0 176225 0 956072 224625 114788 25908 3405728 3012359 69500 1607285 4546088 4870177 107000 107000 107000 107000 X 4439088 4763177 4439088 4763177 4546088 4870177 -172179 496268 0 X 0 0 0 X 2761 2761 15275724 3597650 83549 6413 0 18963336 15275724 3597650 83549 6413 2761 18966097 0 0 0 18966097 5282 46810 49911 75209 58438 235650 5282 46810 49911 75209 58438 235650 71316 71316 15352322 3644460 133460 81622 61199 19273063 0.98410 0.99080 0.01220 0.00490 X 0 DUE FROM AFFILIATES 1607285 1607285 FORM 990, PART VI, SECTION A, LINE 1A WHENEVER THE BOARD OF DIRECTORS SHALL CONSIST OF MORE THAN THREE PERSONS, THE BOARD OF DIRECTORS MAY DESIGNATE FROM THEIR NUMBER AN EXECUTIVE COMMITTEE AND OTHER STANDING COMMITTEES. SUCH COMMITTEES SHALL HAVE SUCH AUTHORITY AS THE BOARD OF DIRECTORS MAY DELEGATE EXCEPT TO THE EXTENT PROHIBITED BY LAW. IN ADDITION, THE BOARD OF DIRECTORS MAY ESTABLISH SPECIAL COMMITTEES FOR ANY LAWFUL PURPOSE, WHICH MAY HAVE SUCH POWERS AS THE BOARD OF DIRECTORS MAY LAWFULLY DELEGATE. FORM 990, PART VI, SECTION A, LINE 6 PHILIP J. KENNEDY IS THE SOLE MEMBER OF PROVIDENT AFFORDABLE HOUSING RESOURCES, INC. (PAHR). PHILIP J. KENNEDY APPOINTS THE MEMBERS OF THE PAHR GOVERNING BODY AND APPROVES CERTAIN DECISIONS MADE BY THE PAHR GOVERNING BODY. THE FOLLOWING MATTERS AND TRANSACTIONS REQUIRE THE APPROVAL OF PHILIP J. KENNEDY: 1. CHANGE IN PAHR'S NAME, PURPOSES OR CHARITABLE ACTIVITIES. 2. FURTHER AMENDEMENT TO PAHR'S ARTICLES OF INCORPORATION OR BYLAWS. 3. ISSUANCE OF NOTES, BONDS OR OTHER EVIDENCES OF INDEBTEDNESS IN EXCESS OF $250,000. 4. PURCHASE, SALE, ALIENATION, ENCUMBRANCE OR LEASE OF REAL OR PERSONAL PROPERTY HAVING A VALUE IN EXCESS OF $250,000. 5. APPOINTMENT AND REMOVAL OF THE PRESIDENT OR CEO. 6. APPROVAL AN ADOPTION OF THE ANNUAL BUDGET OF PAHR. 7. VOLUNTARY DISSOLUTION OR LIQUIDATION OF PAHR OR THE CONSOLIDATION MERGER OF PAHR WITH OR INTO ANY OTHER ENTITY. 8. VOLUNTARY INSTITUTION OF PROCEEDINGS BY PAHR TO BE ADJUDICATED BANKRUPT OR INSOLVENT; CONSENTING TO THE INSTITUTION OF BANKRUPTCY OR INSOLVENCY PROCEEDING AGAINST PAHR; FILING A PETITION SEEING OR CONSENTING TO REORGANIZATION OF RELIEF UNDER ANY APPLICABLE FEDERAL OR STATE LAW RELATING TO BANKRUPTCY; CONSENTING TO THE APPOINTMENT OF A RECEIVER, LIQUIDATOR, ASSIGNEE, TRUSTEE, SEQUESTRATOR (OR OTHER SIMILAR OFFICIAL) OF PAHR OR A SUBSTANTIAL PART OF PROPERTY OF PAHR OR MAKING ANY ASSIGNEMNT FOR THE BENEFIT OF CREDITORS; ADMITTING IN WRITING ITS INABILITY TO PAY ITS DEBTS GENERALLY AS THEY BECOME DUE OR TAKING CORPORATION ACTION IN FURTHERANCE OF ANY SUCH ACTION. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR PART VI, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR PART VI, LINE 6. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE FORM 990 WAS REVIEWED IN DETAIL BY MANAGEMENT. THE FINAL DRAFT WAS THEN PRESENTED TO THE AUDIT COMMITTEE (COMPRISED OF NON-MANAGEMENT BOARD MEMBERS) FOR THEIR REVIEW AND INFORMATION. FOLLOWING THE AUDIT COMMITTEE'S REVIEW, EACH VOTING MEMBER OF THE GOVERNING BODY RECEIVED A COPY OF THE FORM 990 BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF SENIOR MANAGEMENT, BOARD OF DIRECTORS AND BOARD COMMMITTEES SIGN ANNUAL CONFLICT OF INTEREST STATEMENTS. ALL STATEMENTS ARE REVIEWED BY THE CHIEF COMPLIANCE OFFICER. ELECTRONIC AND PAPER COPIES OF ALL COI FORMS ARE MAINTAINED. IF A MATTER CONCERNING A POTENTIAL CONFLICT ARISES AT A COMMITTEE OR BOARD MEEING, THE CONFLICT IS EVALUATED WITHOUT THE POTENTIALLY CONFLICTED MEMBER AND A DETERMINATION IS MADE BY THE COMMITTEE OR GOVERNING BOARD ABOUT WHETHER THE PERSON SHOULD BE RESTRICTED FROM DISCUSSION AND VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVIALABLE UPON WRITTEN REQUEST. 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