Civic Intelligence

Bywater Mutual Homes Inc

EIN 13-0816700 • 501(c)4 • Annapolis, MD

Profile

To provide affordable cooperative housing in accordance with section 236 of the national housing act.

Refreshing map…

911 C Royal StreetAnnapolis, MD 21401

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.62x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

1.86x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

46th percentile

6.5%

Higher net margin than 46% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$10M-$25M nonprofits • Source year 2023

Asset Growth

29th percentile

0.2%

Faster asset growth than 29% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$12,298,242

Up $29,492 (+0.2%) from 2023

Liabilities

Down

$7,679,900

Down $248,026 (-3.1%) from 2023

Net Assets

Up

$4,618,342

Up $277,518 (+6.4%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin46th percentile

Revenue

Up

$4,122,630

Up $522,878 (+15%) from 2023

Expenses

Up

$3,853,408

Up $535,455 (+16%) from 2023

Net Income

Down

$269,222

Down $12,577 (-4.5%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $10,169,184Liabilities 2011: $8,055,349Net Assets 2011: $2,113,8352011Assets 2012: $10,247,931Liabilities 2012: $7,720,932Net Assets 2012: $2,526,9992012Assets 2013: $10,282,689Liabilities 2013: $7,492,212Net Assets 2013: $2,790,4772013Assets 2014: $10,246,267Liabilities 2014: $7,413,916Net Assets 2014: $2,832,3512014Assets 2015: $9,649,115Liabilities 2015: $7,377,350Net Assets 2015: $2,271,7652015Assets 2016: $9,347,225Liabilities 2016: $7,091,923Net Assets 2016: $2,255,3022016Assets 2017: $11,207,158Liabilities 2017: $8,615,623Net Assets 2017: $2,591,5352017Assets 2018: $11,378,495Liabilities 2018: $8,438,718Net Assets 2018: $2,939,7772018Assets 2019: $11,437,811Liabilities 2019: $8,259,736Net Assets 2019: $3,178,0752019Assets 2020: $11,961,689Liabilities 2020: $8,357,206Net Assets 2020: $3,604,4832020Assets 2021: $12,107,107Liabilities 2021: $8,129,842Net Assets 2021: $3,977,2652021Assets 2022: $12,033,415Liabilities 2022: $7,999,438Net Assets 2022: $4,033,9772022Assets 2023: $12,268,750Liabilities 2023: $7,927,926Net Assets 2023: $4,340,8242023Assets 2024: $12,298,242Liabilities 2024: $7,679,900Net Assets 2024: $4,618,3422024

Highlighted filing

2024

Assets$12,298,242
Liabilities$7,679,900
Net Assets$4,618,342
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,919,0092011Expenses 2012: $2,960,4502012Revenue 2013: $3,268,909Expenses 2013: $2,999,286Net Income 2013: $269,6232013Revenue 2014: $3,229,739Expenses 2014: $3,184,082Net Income 2014: $45,6572014Revenue 2015: $3,217,350Expenses 2015: $3,770,953Net Income 2015: -$553,6032015Revenue 2016: $3,224,152Expenses 2016: $3,243,910Net Income 2016: -$19,7582016Revenue 2017: $3,339,759Expenses 2017: $3,003,522Net Income 2017: $336,2372017Revenue 2018: $3,329,376Expenses 2018: $2,981,138Net Income 2018: $348,2382018Revenue 2019: $3,580,165Expenses 2019: $3,341,867Net Income 2019: $238,2982019Revenue 2020: $3,494,031Expenses 2020: $3,071,997Net Income 2020: $422,0342020Revenue 2021: $3,595,230Expenses 2021: $3,213,365Net Income 2021: $381,8652021Revenue 2022: $3,450,471Expenses 2022: $3,359,958Net Income 2022: $90,5132022Revenue 2023: $3,599,752Expenses 2023: $3,317,953Net Income 2023: $281,7992023Revenue 2024: $4,122,630Expenses 2024: $3,853,408Net Income 2024: $269,2222024

Highlighted filing

2024

Revenue$4,122,630
Expenses$3,853,408
Net Income$269,222
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$12,298,242
Liabilities
$7,679,900
Net assets
$4,618,342
Revenue
$4,122,630
Expenses
$3,853,408
Net income
$269,222
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$7.68$4.62$4.12$3.85$0.27
2023Detailed filing. Detailed filing data is available for this year.$12.3$7.93$4.34$3.60$3.32$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$8.00$4.03$3.45$3.36$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$8.13$3.98$3.60$3.21$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$8.36$3.60$3.49$3.07$0.42
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$8.26$3.18$3.58$3.34$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$8.44$2.94$3.33$2.98$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$8.62$2.59$3.34$3.00$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.35$7.09$2.26$3.22$3.24$0.02
2015Detailed filing. Detailed filing data is available for this year.$9.65$7.38$2.27$3.22$3.77$0.55
2014Detailed filing. Detailed filing data is available for this year.$10.2$7.41$2.83$3.23$3.18$0.05
2013Detailed filing. Detailed filing data is available for this year.$10.3$7.49$2.79$3.27$3.00$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$7.72$2.53$2.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$8.06$2.11$2.92
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 19, 2024
Return Version
2023v5.1
Gross Receipts
$3,599,752
Mission and Program Overview

Mission

To provide affordable cooperative housing in accordance with section 236 of the national housing act.

To provide housing to low income families as a hud cooperative

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,027,856$7,984,029▼ $43,827
Cash and Non-Interest-Bearing Accounts$341,556$449,590▲ $108,034
Accounts Receivable$181,179$255,227▲ $74,048
Prepaid Expenses and Deferred Charges$118,992$114,135▼ $4,857
Savings and Temporary Cash Investments$10,004$10,215▲ $211
Total Assets$12,033,415$12,268,750▲ $235,335
Other Assets Total$3,353,828$3,455,554▲ $101,726
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,645,230$7,489,775▼ $155,455
Deferred Revenue$221,583$322,084▲ $100,501
Accounts Payable and Accrued Expenses$132,625$116,067▼ $16,558
Total Liabilities$7,999,438$7,927,926▼ $71,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,033,977$4,340,824▲ $306,847
Total Net Assets Fund Balance$4,033,977$4,340,824▲ $306,847
Total Liabilities and Net Assets / Fund Balance$12,033,415$12,268,750▲ $235,335

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,414,082$11,457,707$18,871,789
Equipment$241,347$124,877$366,224
Land$328,600-$328,600
Other Assets Org$3,455,554--
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Deneice FisherPresident
Alma CropperVice President
Ratasha HarleyDirector
Betty WrightSecretary
Carol SpeaksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sk&b RemodelingGeneral Contractor2566 TRANSOM PL, Woodbridge, VA 22191$163,205
United Complete Svc LLCGeneral Contractor9312 PALMER PLACE, Laurel, MD 20708$107,299
Revenue and Support

Revenue Composition

Contributions and Grants
$1,394,857
Program Service Revenue
$2,124,697
Investment Income
$29,517
Other Revenue
$50,681
Change in Net Assets
$281,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,599,752
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$25,048
Total Revenue per Audited Statements
$3,624,800
Total Revenue per Form 990
$3,599,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,317,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$949,556--$949,556
Depreciation Depletion$377,646--$377,646
Fees for Services Other$182,033--$182,033
Fees for Services Management-$153,273-$153,273
Fees for Services Legal-$43,435-$43,435
Office Expenses-$31,799-$31,799
Insurance$29,573--$29,573
Fees for Services Accounting-$21,795-$21,795
Other Expenses$22,124$20,938-$20,938
Advertising-$17,741-$17,741
Conferences and Meetings$4,976--$4,976
Total Functional Expenses$3,028,972$288,981$0$3,317,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,317,953
Total Expenses per Audited Statements$3,317,953
Total Expenses per Form 990$3,317,953
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property is managed by quantum real estate management, llc. Pursuant to a management agreement approved by hud. The fee is 5% of gross collections of the project. The fee is capped at $41.47 per unit per month. For the year ended december 31, 2023 and 2022, management fees were $153,273. There were no board members who were compensated by the management company for the tax year.”

Form 990, Part VI, Section A, Line 8B

“The board acted as a whole on all matters and no committee was appointed during the fiscal year.”

Form 990, Part VI, Section B, Line 11B

“Bywater mutual homes, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Before the prepared form 990 is filed, it is sent electronically to every member of the board to review and is discussed with management at a meeting of the board of directors. Once the board has approved the return it is filed with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation and by-laws are also available upon written request.”

Filing and Contact Details

Filer

Filer Name
Bywater Mutual Homes Inc
EIN
13-0816700
Phone
4102681428
Address
911 C ROYAL STREET, ANNAPOLIS, MD 21401

Signing Officer

Name
Deneice Fisher
Title
President
Phone
4439940240
Signed
2024-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deneice Fisher
Formed
1970
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
665 FIFTH AVENUE, NEW YORK, NY 10022
Preparer
Joseph Connolly
Phone
2122862600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The entity recognizes the effect of tax positions only when they are more likely than not to be sustained. Management has determined that the corporation had no uncertain tax positions that would require financial statement recognition or disclosure. The entity is no longer subject to u.s. Federal, state or local income tax examinations for periods prior to decemeber 31, 2020.”

Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0132625
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0116067
IRS990/AccountsReceivableGrp/BOYAmt0181179
IRS990/AccountsReceivableGrp/EOYAmt0255227
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING TO LOW INCOME FAMILIES AS A HUD COOPERATIVE
IRS990/AdvertisingGrp/ManagementAndGeneralAmt017741
IRS990/AdvertisingGrp/TotalAmt017741
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0QUANTUM REAL ESTATE MANAGEMENT LLC
IRS990/BooksInCareOfDetail/PhoneNum03019418040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05101 RIVER ROAD SUITE 101
IRS990/BooksInCareOfDetail/USAddress/CityNm0BETHESDA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020816
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0341556
IRS990/CashNonInterestBearingGrp/EOYAmt0449590
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04976
IRS990/ConferencesMeetingsGrp/TotalAmt04976
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0163205
IRS990/ContractorCompensationGrp/CompensationAmt1107299
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02566 TRANSOM PL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt19312 PALMER PLACE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WOODBRIDGE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1LAUREL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd022191
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd120708
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SK&B REMODELING
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1UNITED COMPLETE SVC LLC
IRS990/ContractorCompensationGrp/ServicesDesc0GENERAL CONTRACTOR
IRS990/ContractorCompensationGrp/ServicesDesc1GENERAL CONTRACTOR
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01394857
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt029517
IRS990/CYOtherExpensesAmt03317953
IRS990/CYOtherRevenueAmt050681
IRS990/CYProgramServiceRevenueAmt02124697
IRS990/CYRevenuesLessExpensesAmt0281799
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt03317953
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03599752
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0221583
IRS990/DeferredRevenueGrp/EOYAmt0322084
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0377646
IRS990/DepreciationDepletionGrp/TotalAmt0377646
IRS990/Desc0BYWATER MUTUAL HOMES, INC. (THE "ENTITY") WAS ORGANIZED IN DECEMBER 1970 TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN ANNAPOLIS, MARYLAND AND TO CONSTRUCT AND OPERATE TWO COOPERATIVE TOWNHOUSE COMPLEXES; ONE HAS 76 UNITS AND IS KNOWN AS BYWATER MUTUAL HOMES, INC., SECTION I AND ONE HAS 232 UNITS AND IS KNOWN AS BYWATER MUTUAL HOMES, INC., SECTION II. BOTH SECTION I AND SECTION II ARE OPERATED UNDER SECTION 236 OF TITLE II OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO DWELLING UNIT CHARGES AND OPERATING METHODS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03028972
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021795
IRS990/FeesForServicesAccountingGrp/TotalAmt021795
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt043435
IRS990/FeesForServicesLegalGrp/TotalAmt043435
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0153273
IRS990/FeesForServicesManagementGrp/TotalAmt0153273
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0182033
IRS990/FeesForServicesOtherGrp/TotalAmt0182033
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DENEICE FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm1ALMA CROPPER
IRS990/Form990PartVIISectionAGrp/PersonNm2BETTY WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROL SPEAKS
IRS990/Form990PartVIISectionAGrp/PersonNm4RATASHA HARLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt01394857
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03599752
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt029573
IRS990/InsuranceGrp/TotalAmt029573
IRS990/InvestmentIncomeGrp/ExclusionAmt029517
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029517
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011582584
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08027856
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07984029
IRS990/LandBldgEquipCostOrOtherBssAmt019566613
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE COOPERATIVE HOUSING IN ACCORDANCE WITH SECTION 236 OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07645230
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07489775
IRS990/NetAssetsOrFundBalancesBOYAmt04033977
IRS990/NetAssetsOrFundBalancesEOYAmt04340824
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt025048
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04033977
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04340824
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0949556
IRS990/OccupancyGrp/TotalAmt0949556
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031799
IRS990/OfficeExpensesGrp/TotalAmt031799
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03353828
IRS990/OtherAssetsTotalGrp/EOYAmt03455554
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ALLOC. OFFICE PAYROLL
IRS990/OtherExpensesGrp/Desc2MISC. PROGRAM EXP.
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020938
IRS990/OtherExpensesGrp/ProgramServicesAmt01109908
IRS990/OtherExpensesGrp/ProgramServicesAmt1353156
IRS990/OtherExpensesGrp/ProgramServicesAmt222124
IRS990/OtherExpensesGrp/TotalAmt01109908
IRS990/OtherExpensesGrp/TotalAmt1353156
IRS990/OtherExpensesGrp/TotalAmt222124
IRS990/OtherExpensesGrp/TotalAmt320938
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt050681
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050681
IRS990/OtherRevenueTotalAmt050681
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0118992
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0114135
IRS990/PrincipalOfficerNm0DENEICE FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02124697
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02124697
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01408041
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09867
IRS990/PYOtherExpensesAmt03359958
IRS990/PYOtherRevenueAmt033555
IRS990/PYProgramServiceRevenueAmt01999008
IRS990/PYRevenuesLessExpensesAmt090513
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03359958
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03450471
IRS990/ReconcilationRevenueExpnssAmt0281799
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02124697
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010004
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010215
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07414082
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011457707
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018871789
IRS990ScheduleD/EquipmentGrp/BookValueAmt0241347
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0366224
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03317953
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0328600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0328600
IRS990ScheduleD/NetUnrealizedGainsInvstAmt025048
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03455554
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS AND FUNDED RESERVES
IRS990ScheduleD/RevenueNotReportedAmt025048
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03599752
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENTITY RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMEBER 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07984029
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03455554
IRS990ScheduleD/TotalExpensesPerForm990Amt03317953
IRS990ScheduleD/TotalRevenuePerForm990Amt03599752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03624800
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03317953
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY QUANTUM REAL ESTATE MANAGEMENT, LLC. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE FEE IS 5% OF GROSS COLLECTIONS OF THE PROJECT. THE FEE IS CAPPED AT $41.47 PER UNIT PER MONTH. FOR THE YEAR ENDED DECEMBER 31, 2023 AND 2022, MANAGEMENT FEES WERE $153,273. THERE WERE NO BOARD MEMBERS WHO WERE COMPENSATED BY THE MANAGEMENT COMPANY FOR THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEE WAS APPOINTED DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BYWATER MUTUAL HOMES, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. BEFORE THE PREPARED FORM 990 IS FILED, IT IS SENT ELECTRONICALLY TO EVERY MEMBER OF THE BOARD TO REVIEW AND IS DISCUSSED WITH MANAGEMENT AT A MEETING OF THE BOARD OF DIRECTORS. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012033415
IRS990/TotalAssetsEOYAmt012268750
IRS990/TotalAssetsGrp/BOYAmt012033415
IRS990/TotalAssetsGrp/EOYAmt012268750
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01394857
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0288981
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03028972
IRS990/TotalFunctionalExpensesGrp/TotalAmt03317953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07999438
IRS990/TotalLiabilitiesEOYAmt07927926
IRS990/TotalLiabilitiesGrp/BOYAmt07999438
IRS990/TotalLiabilitiesGrp/EOYAmt07927926
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04033977
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04340824
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03028972
IRS990/TotalProgramServiceRevenueAmt02124697
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt080198
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02124697
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03599752
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012033415
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012268750
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01914-H COPELAND STREET
IRS990/USAddress/CityNm0ANNAPOLIS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DENEICE FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04439940240
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BYWATER MUTUAL HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0BYWA
ReturnHeader/Filer/EIN0130816700
ReturnHeader/Filer/PhoneNum04102681428
ReturnHeader/Filer/USAddress/AddressLine1Txt0911 C ROYAL STREET
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271728945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0665 FIFTH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010022
ReturnHeader/PreparerPersonGrp/PhoneNum02122862600
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH CONNOLLY
ReturnHeader/ReturnTs02024-09-19T10:20:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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