IRS Status of Charitable Organizations

FHA approved mortgagees that seek FHA mortgage insurance on loans secured by single family houses, on which downpayment assistance has been provided to the borrower in the form of gifts, are required to determine that the gifts are from sources acceptable to FHA. Please see: Paragraph 2-10 C of handbook HUD-4155.1 REV-5, & the Single Family Reference Guide "Gifts" page 2-11.

FHA Mortgagee Letter 2006-13, "Charitable Organizations Making Downpayment Gifts" advises mortgagees about how to determine whether a gift from a charitable organization can be used for all, or part, of the borrower?s downpayment when the organization providing the gift for the downpayment loses or gives up its federal tax-exempt status.

The Organizations listed here have been identified by Internal Revenue Service (IRS) as entities whose status has been revoked & are no longer federally tax-exempt. These organizations are not eligible to provide gift funds to FHA mortgagors. This page will be updated as the IRS reports on the status of tax exempt charitable organizations in it's IRS Bulletin publication.

Name	Date IRS Status Revoked	Location
ABG Housing Inc.	4/23/07	Orlando, FL
The Dreamhouse Charity, Inc.	4/23/07	Wilsonville, OR
Gift America Program	4/09/07	Rockville, MD
Homeownership Foundation of America	6/4/07	Baltimore, MD
Home Buyers Assistance Foundation	7/16/07	Woodstock, CA
Keystone Grants Inc.	8/13/07	Mesa, AZ
Del Sol Foundation	8/20/07	Downey, CA
Home Buyers Assistance Foundation	9/24/07	Denver, CO
International Housing Solutions, Inc.	9/24/07	Sacramento, CA
Kenray, Inc.	9/24/07	Orem, UT
Alta Crossing, Inc.	9/24/07	Nampa, ID
New Home Gallery, Inc.	12/03/07	Louisville, KY
Down Payment Assistance Foundation, Inc.	12/03/07	Glendora, CA
One America Foundation, Inc.	12/03/07	Baltimore, MD
Future Home Assistance Programs	12/03/07	Stockbridge, GA
Western Arkansas Housing Foundation	12/03/07	Fort Smith, AR
Sweet Home Foundation	12/03/07	Caldwell, ID
Housing Opportunities of Houston, Inc.	12/03/07	Houston TX
Access Home Project, Inc.	11/05/07	Los Angeles, CA
Affordable Housing USA	12/17/07	Camarillo, TX
American Assistance Corp.	1/14/08	Plano, TX
Equal Opportunity Housing DBA Home Star Magic	2/25/08	Denver, CO
Family Pride, Inc.	2/25/08	Cataula, GA
Western Arkansas Housing Foundation	12/03/07	Ft. Smith, AR
Creativity Innovation Productivity Inc. DBA Horizon Event Foundation	9/24/07	Highwood, MT
Dreamhome Foundation	9/24/07	Sherwood, OR
Franklin Foundation	5/29/07	Gaithersburg, MD
National Home Foundation	9/05/08	Rockville, MD
National Housing Foundation, Inc.	3/31/08	Schaumburg, IL
New Home Gallery, Inc.	3/17/08	Louisville, KY
The Down Payment Assistance Group	3/17/08	San Diego, CA

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