Civic Intelligence

Venable Apartments II Inc.

990 • Fiscal year 2024 • EIN 34-1994111

May 01, 2023 to Apr 30, 2024 • Filed on Mar 18, 2025

401 E Woodbourne AvenueBaltimore, MD 21212

(410) 433-2442

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.69x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

8.12x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$142,406

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 17.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-1.7%

Faster asset growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.3%

Faster revenue growth than 45% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,896,488

Down $65,460 (-1.7%) from 2023

Net Assets

Down

-$2,689,177

Down $115,397 (-4.5%) from 2023

Liabilities

Up

$6,585,665

Up $49,937 (+0.8%) from 2023

Revenue

Up

$810,708

Up $41,133 (+5.3%) from 2023

Expenses

Up

$926,105

Up $47,151 (+5.4%) from 2023

Net Income

Down

-$115,397

Down $6,018 (-5.5%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2011: $5,719,202Liabilities 2011: $6,443,714Net Assets 2011: -$724,5122011Assets 2012: $5,507,127Liabilities 2012: $6,420,133Net Assets 2012: -$913,0062012Assets 2013: $5,372,841Liabilities 2013: $6,419,075Net Assets 2013: -$1,046,2342013Assets 2014: $5,335,691Liabilities 2014: $6,447,134Net Assets 2014: -$1,111,4432014Assets 2015: $5,178,038Liabilities 2015: $6,407,028Net Assets 2015: -$1,228,9902015Assets 2016: $5,026,134Liabilities 2016: $6,461,362Net Assets 2016: -$1,435,2282016Assets 2017: $4,889,836Liabilities 2017: $6,476,085Net Assets 2017: -$1,586,2492017Assets 2018: $4,690,230Liabilities 2018: $6,476,689Net Assets 2018: -$1,786,4592018Assets 2019: $4,686,743Liabilities 2019: $6,652,783Net Assets 2019: -$1,966,0402019Assets 2020: $4,423,746Liabilities 2020: $6,623,491Net Assets 2020: -$2,199,7452020Assets 2021: $4,277,424Liabilities 2021: $6,566,488Net Assets 2021: -$2,289,0642021Assets 2022: $4,090,959Liabilities 2022: $6,555,360Net Assets 2022: -$2,464,4012022Assets 2023: $3,961,948Liabilities 2023: $6,535,728Net Assets 2023: -$2,573,7802023Assets 2024: $3,896,488Liabilities 2024: $6,585,665Net Assets 2024: -$2,689,1772024Assets 2025: $3,858,909Liabilities 2025: $6,606,832Net Assets 2025: -$2,747,9232025

Highlighted filing

2024

Assets$3,896,488
Liabilities$6,585,665
Net Assets-$2,689,177

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $773,6252011Expenses 2012: $704,2052012Expenses 2013: $649,7262013Revenue 2014: $598,318Expenses 2014: $663,527Net Income 2014: -$65,2092014Revenue 2015: $556,510Expenses 2015: $674,057Net Income 2015: -$117,5472015Revenue 2016: $582,789Expenses 2016: $734,777Net Income 2016: -$151,9882016Revenue 2017: $580,571Expenses 2017: $731,592Net Income 2017: -$151,0212017Revenue 2018: $572,592Expenses 2018: $772,802Net Income 2018: -$200,2102018Revenue 2019: $567,400Expenses 2019: $746,981Net Income 2019: -$179,5812019Revenue 2020: $597,839Expenses 2020: $831,544Net Income 2020: -$233,7052020Revenue 2021: $683,025Expenses 2021: $772,344Net Income 2021: -$89,3192021Revenue 2022: $638,545Expenses 2022: $813,882Net Income 2022: -$175,3372022Revenue 2023: $769,575Expenses 2023: $878,954Net Income 2023: -$109,3792023Revenue 2024: $810,708Expenses 2024: $926,105Net Income 2024: -$115,3972024Revenue 2025: $824,245Expenses 2025: $882,991Net Income 2025: -$58,7462025

Highlighted filing

2024

Revenue$810,708
Expenses$926,105
Net Income-$115,397
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Mar 18, 2025
Return Version
2023v6.0
Gross Receipts
$810,708
Mission and Program Overview

Mission

To provide affordable housing to the elderly under section 202 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,673,506$3,538,048▼ $135,458
Savings and Temporary Cash Investments$163,564$139,495▼ $24,069
Cash and Non-Interest-Bearing Accounts$43,936$126,346▲ $82,410
Prepaid Expenses and Deferred Charges$39,823$49,677▲ $9,854
Accounts Receivable$1,580$429▼ $1,151
Total Assets$3,961,948$3,896,488▼ $65,460
Other Assets Total$39,539$42,493▲ $2,954
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,329,600$6,329,600→ $0
Accounts Payable and Accrued Expenses$175,753$221,008▲ $45,255
Escrow Account Liability$29,850$32,845▲ $2,995
Deferred Revenue$525$2,212▲ $1,687
Total Liabilities$6,535,728$6,585,665▲ $49,937
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,573,780$-2,689,177▼ $115,397
Total Net Assets Fund Balance$-2,573,780$-2,689,177▼ $115,397
Total Liabilities and Net Assets / Fund Balance$3,961,948$3,896,488▼ $65,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,538,047$2,802,282$6,340,329
Equipment$0$163,132$163,132
Land$1-$1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Nichole BattleSecretaryPT$142,406$142,406

Board Members and Trustees

NameTitle
Jay WeinerChair
Chris McculloughPresident
Stephanie ShackVice President
Jeff SeibertDirector
Mark HewickDirector
Mike BestDirector
Nicholas AlexopolusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$491,387
Program Service Revenue
$312,641
Investment Income
$209
Other Revenue
$6,471
Change in Net Assets
$-115,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$810,708
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$810,708
Total Revenue per Form 990
$810,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$926,105
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$209,481--$209,481
Depreciation Depletion$158,239--$158,239
Fees for Services Management-$60,971-$60,971
Fees for Services Accounting-$21,203-$21,203
Office Expenses$2,285$13,476-$15,761
Information Technology-$7,541-$7,541
Fees for Services Other-$4,880-$4,880
Fees for Services Legal-$3,361-$3,361
Advertising-$1,247-$1,247
Interest$1,214--$1,214
Travel-$816-$816
Other Expenses$186,916$263-$263
Conferences and Meetings-$214-$214
Total Functional Expenses$679,866$246,239$0$926,105

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$926,105
Total Expenses per Audited Statements$926,105
Total Expenses per Form 990$926,105
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
Lobbying 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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization is managed by habitat america, llc, pursuant to a management agreement approved by hud. The fee is calculated as 7.6% of gross collections. Management fees totaling $60,971 were incurred during fiscal year 2024. None of the organization's officers or directors listed in part vii were compensated by the management company.

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

The organization had no committees with authority to act on behalf of the governing body.

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

The form 990 is reviewed by the chief executive officer of its related organization and sponsor, govans ecumenical development corporation, and a complete copy of the return is provided to all members of the board prior to filing with the irs.

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
Venable Apartments Ii Inc
EIN
34-1994111
Phone
4104332442
Address
401 E WOODBOURNE AVENUE, BALTIMORE, MD 21212

Signing Officer

Name
Nichole Battle
Title
Secretary
Phone
4104332442
Signed
2025-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nichole Battle
Formed
2004
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
2 BETHESDA METRO CENTER SUITE 540, BETHESDA, MD 20814
Preparer
Joseph Connolly
Phone
3016523464
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once they move out of the apartment.

PART X, LINE 2:

The entity recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the entity had no uncertain tax positions that would require financial statement recognition or disclosure. The entity is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to april 30, 2021.

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IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1OTHER TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/ExclusionAmt06000
IRS990/OtherRevenueMiscGrp/ExclusionAmt1271
IRS990/OtherRevenueMiscGrp/ExclusionAmt2200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1271
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2200
IRS990/OtherRevenueTotalAmt06471
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039823
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049677
IRS990/PrincipalOfficerNm0NICHOLE BATTLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0312641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0312641
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0491951
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079
IRS990/PYOtherExpensesAmt0878954
IRS990/PYOtherRevenueAmt011210
IRS990/PYProgramServiceRevenueAmt0266335
IRS990/PYRevenuesLessExpensesAmt0-109379
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0878954
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0769575
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-115397
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0312641
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0163564
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0139495
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY VENDING - 2019 AMOUNT: $ 6,341. 2020 AMOUNT: $ 4,924. 2021 AMOUNT: $ 5,802. 2022 AMOUNT: $ 5,255. 2023 AMOUNT: $ 6,000. OTHER TENANT CHARGES - 2019 AMOUNT: $ 106. 2020 AMOUNT: $ 1,229. 2021 AMOUNT: $ 1,713. 2022 AMOUNT: $ 5,955. 2023 AMOUNT: $ 271. REIMBURSMENTS - 2020 AMOUNT: $ 49,423. 2023 AMOUNT: $ 200.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0491387
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0491951
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0374707
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0368646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0351741
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02078432
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0156
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0312641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0266335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0256301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0258647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0239552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01333476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0156
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0565
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06471
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt011210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07515
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt055576
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06447
IRS990ScheduleA/OtherIncome509Grp/TotalAmt087219
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97490
IRS990ScheduleA/PublicSupportPY509Pct00.97280
IRS990ScheduleA/PublicSupportTotal509Amt03411908
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0804028
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0758286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0631008
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0627293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0591293
IRS990ScheduleA/Total509Grp/TotalAmt03411908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0810708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0769575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0638545
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0683025
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0597839
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03499692
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03538047
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02802282
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06340329
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0163132
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0163132
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0926105
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0810708
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO APRIL 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03538048
IRS990ScheduleD/TotalExpensesPerForm990Amt0926105
IRS990ScheduleD/TotalRevenuePerForm990Amt0810708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0810708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0926105
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A RELATED PARTY, GOVANS ECUMENICAL DEVELOPMENT CORPORATION, COMPENSATES EMPLOYEES LISTED IN PART VII AND SCHEDULE J. THE FOLLOW IS THEIR POLICY FOR DETERMINING COMPENSATION. THE EXECUTIVE COMMITTEE PREPARES AN EVALUATION AND RECOMMENDATION, THEN THE BOARD OF DIRECTORS EVALUATES AND APPROVES THE DECISION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 5
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY HABITAT AMERICA, LLC, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE FEE IS CALCULATED AS 7.6% OF GROSS COLLECTIONS. MANAGEMENT FEES TOTALING $60,971 WERE INCURRED DURING FISCAL YEAR 2024. NONE OF THE ORGANIZATION'S OFFICERS OR DIRECTORS LISTED IN PART VII WERE COMPENSATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAD NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER OF ITS RELATED ORGANIZATION AND SPONSOR, GOVANS ECUMENICAL DEVELOPMENT CORPORATION, AND A COMPLETE COPY OF THE RETURN IS PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0GOVANS ECUMENICAL DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0521389682
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROVIDE AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0GOVANS ECUMENICAL HOMES INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.86$6.61$2.75$0.82$0.88$0.06
2024Detailed filing. Detailed filing data is available for this year.$3.90$6.59$2.69$0.81$0.93$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.96$6.54$2.57$0.77$0.88$0.11
2022Detailed filing. Detailed filing data is available for this year.$4.09$6.56$2.46$0.64$0.81$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$6.57$2.29$0.68$0.77$0.09
2020Detailed filing. Detailed filing data is available for this year.$4.42$6.62$2.20$0.60$0.83$0.23
2019Detailed filing. Detailed filing data is available for this year.$4.69$6.65$1.97$0.57$0.75$0.18
2018Detailed filing. Detailed filing data is available for this year.$4.69$6.48$1.79$0.57$0.77$0.20
2017Detailed filing. Detailed filing data is available for this year.$4.89$6.48$1.59$0.58$0.73$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.03$6.46$1.44$0.58$0.73$0.15
2015Detailed filing. Detailed filing data is available for this year.$5.18$6.41$1.23$0.56$0.67$0.12
2014Detailed filing. Detailed filing data is available for this year.$5.34$6.45$1.11$0.60$0.66$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$6.42$1.05$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.51$6.42$0.91$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$6.44$0.72$0.77