Civic Intelligence

Homes for Laurel II Inc C/O Homes for America Inc

990 • Fiscal year 2015 • EIN 36-4569310

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 17, 2015

Organization ProfileWWW.HOMESFORAMERICA.ORG
318 Sixth Street No Ste 2Annapolis, MD 21403-2566

(410) 269-1222

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.08x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

13.59x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

94th percentile

$306,669

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 221.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-3.2%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

40th percentile

0.1%

Faster revenue growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$1,739,230

Down $57,046 (-3.2%) from 2014

Net Assets

Down

-$146,176

Down $50,910 (-53%) from 2014

Liabilities

Down

$1,885,406

Down $6,136 (-0.3%) from 2014

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin9th percentile

Revenue

Up

$138,749

Up $144 (+0.1%) from 2014

Expenses

Up

$189,659

Up $19,744 (+12%) from 2014

Net Income

Down

-$50,910

Down $19,600 (-63%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2014: $1,796,276Liabilities 2014: $1,891,542Net Assets 2014: -$95,2662014Assets 2015: $1,739,230Liabilities 2015: $1,885,406Net Assets 2015: -$146,1762015Assets 2016: $1,694,991Liabilities 2016: $1,921,018Net Assets 2016: -$226,0272016Assets 2017: $1,624,725Liabilities 2017: $1,892,665Net Assets 2017: -$267,9402017Assets 2018: $1,586,555Liabilities 2018: $1,895,902Net Assets 2018: -$309,3472018Assets 2019: $1,546,847Liabilities 2019: $1,891,321Net Assets 2019: -$344,4742019Assets 2020: $1,514,518Liabilities 2020: $1,887,237Net Assets 2020: -$372,7192020Assets 2021: $1,486,380Liabilities 2021: $1,888,995Net Assets 2021: -$402,6152021Assets 2022: $1,443,379Liabilities 2022: $1,894,109Net Assets 2022: -$450,7302022Assets 2025: $1,304,018Liabilities 2025: $1,892,282Net Assets 2025: -$588,2642025

Highlighted filing

2015

Assets$1,739,230
Liabilities$1,885,406
Net Assets-$146,176
Open 2015 Filing

Operations Trend

Revenue Growth40th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $138,605Expenses 2014: $169,915Net Income 2014: -$31,3102014Revenue 2015: $138,749Expenses 2015: $189,659Net Income 2015: -$50,9102015Revenue 2016: $136,858Expenses 2016: $216,709Net Income 2016: -$79,8512016Revenue 2017: $137,372Expenses 2017: $179,285Net Income 2017: -$41,9132017Revenue 2018: $139,743Expenses 2018: $181,150Net Income 2018: -$41,4072018Revenue 2019: $144,449Expenses 2019: $179,576Net Income 2019: -$35,1272019Revenue 2020: $149,390Expenses 2020: $177,635Net Income 2020: -$28,2452020Revenue 2021: $157,196Expenses 2021: $187,092Net Income 2021: -$29,8962021Revenue 2022: $168,331Expenses 2022: $216,446Net Income 2022: -$48,1152022Revenue 2025: $167,410Expenses 2025: $218,061Net Income 2025: -$50,6512025

Highlighted filing

2015

Revenue$138,749
Expenses$189,659
Net Income-$50,910
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$138,749
Mission and Program Overview

Mission

Entity was formed for the purpose of renting and maintaining independent living affordable, safe and sound housing enhanced with services to senior citizens of low and moderate income.

Please see schedule oentity was formed for the purpose of renting and maintaining independant living affordable, safe and sound housing with services to senior citizens of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,524,547$1,478,808▼ $45,739
Prepaid Expenses and Deferred Charges$6,604$6,552▼ $52
Cash and Non-Interest-Bearing Accounts$28,349$2,165▼ $26,184
Accounts Receivable$148$1,138▲ $990
Total Assets$1,796,276$1,739,230▼ $57,046
Other Assets Total$236,628$250,567▲ $13,939
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,865,100$1,865,100→ $0
Accounts Payable and Accrued Expenses$17,963$12,668▼ $5,295
Other Liabilities$8,479$7,638▼ $841
Total Liabilities$1,891,542$1,885,406▼ $6,136
Net Assets / Fund Balance
Unrestricted Net Assets$-95,266$-146,176▼ $50,910
Total Net Assets Fund Balance$-95,266$-146,176▼ $50,910
Total Liabilities and Net Assets / Fund Balance$1,796,276$1,739,230▼ $57,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,428,808$353,901$1,782,709
Land$50,000-$50,000
Other Land Buildings$0$8,200$8,200
Other Assets Org$6,601--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Trudy P McfallDirector (non-voting)$62,502$62,502

Board Members and Trustees

NameTitle
Michael BodakenPresident & Director
Sharon Dworkin BellVice President & Director
Ardath M CadeDirector
Bernard L TetreaultDirector
Charles L EdsonDirector
Nancy S RaseDirector (non-voting)
Mary E RowlandSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$138,517
Investment Income
$232
Other Revenue
$0
Change in Net Assets
$-50,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$138,749
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$138,749
Total Revenue per Form 990
$138,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,659
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
Depreciation Depletion$45,739--$45,739
Other Expenses$13,926--$13,926
Fees for Services Accounting-$10,215-$10,215
Fees for Services Management-$10,042-$10,042
Office Expenses$6,208--$6,208
Insurance$3,359--$3,359
Advertising$1,894--$1,894
Total Functional Expenses$169,402$20,257$0$189,659

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$189,659
Total Expenses per Audited Statements$189,659
Total Expenses per Form 990$189,659
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$5,699
Accrued Expenses$1,939
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A draft of form 990 is reviewed & authorized by a member of the board of directors prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The written conflict of interest policy is discussed at the annual meeting and all officers and directors sign a statement acknowledging the policy.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Homes for Laurel Ii Inc
EIN
36-4569310
Phone
4102691222
Address
318 SIXTH STREET NO STE 2, ANNAPOLIS, MD 21403-2566

Signing Officer

Name
Michael Bodaken
Title
President
Phone
4102691222
Signed
2015-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bodaken
Formed
2004
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET, BALTIMORE, MD 21202
Preparer
Damien Nickle CPA
Phone
4107834900
Supplemental Narrative

Financial Statement Notes

Fin 48 Disclosure

“The organization has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended march 31, 2015. Due to its tax-exempt status, the organization is not subject to income taxes. The organization is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the organization has no other tax positions which must be considered for disclosure. While no income tax returns are currently being examined by the irs, tax years since 2012 remain open.”

Raw XML AppendixShowing 400 of 550 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/BOYAmt017963
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012668
IRS990/AccountsReceivableGrp/BOYAmt0148
IRS990/AccountsReceivableGrp/EOYAmt01138
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PLEASE SEE SCHEDULE OENTITY WAS FORMED FOR THE PURPOSE OF RENTING AND MAINTAINING INDEPENDANT LIVING AFFORDABLE, SAFE AND SOUND HOUSING WITH SERVICES TO SENIOR CITIZENS OF LOW AND MODERATE INCOME.
IRS990/AdvertisingGrp/ProgramServicesAmt01894
IRS990/AdvertisingGrp/TotalAmt01894
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0MEG PETERS
IRS990/BooksInCareOfDetail/PhoneNum04437162550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0180 ADMIRAL COCHRANE DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ANNAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021401
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt028349
IRS990/CashNonInterestBearingGrp/EOYAmt02165
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0232
IRS990/CYOtherExpensesAmt0189659
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0138517
IRS990/CYRevenuesLessExpensesAmt0-50910
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0189659
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0138749
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt045739
IRS990/DepreciationDepletionGrp/TotalAmt045739
IRS990/Desc020 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TOHOUSING, INCLUDE WEEKLY CONTINENTAL BREAKFAST, MOBILE GROCERYSTORE, MEALS ON WHEELS, FOOD DELIVERY, ONSITE BUS STOP, COMPUTERLAB, DIABETIC SHOE CLINIC, WALKING, AND LENDING LIBRARY.ADDITIONAL SOCIAL PROGRAMS INCLUDE BI-MONTHLY BINGO AND SEASONALLUNCHEONS, BRUNCHES, AND COOKOUTS, BI-WEEKLY EXERCISE INSTRUCTIONAND TRANSPORTATION TO LAUREL SENIOR CENTER MONDAY THROUGH FRIDAY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0169402
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010215
IRS990/FeesForServicesAccountingGrp/TotalAmt010215
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt010042
IRS990/FeesForServicesManagementGrp/TotalAmt010042
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt320.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.25
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/OtherCompensationAmt312498
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430665
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0ARDATH M CADE
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES L EDSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BERNARD L TETREAULT
IRS990/Form990PartVIISectionAGrp/PersonNm3TRUDY P MCFALL
IRS990/Form990PartVIISectionAGrp/PersonNm4NANCY S RASE
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL BODAKEN
IRS990/Form990PartVIISectionAGrp/PersonNm6SHARON DWORKIN BELL
IRS990/Form990PartVIISectionAGrp/PersonNm7MARY E ROWLAND
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt350004
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4276004
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY & DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0138749
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03359
IRS990/InsuranceGrp/TotalAmt03359
IRS990/InvestmentIncomeGrp/ExclusionAmt0232
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0232
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0362101
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01524547
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01478808
IRS990/LandBldgEquipCostOrOtherBssAmt01840909
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ENTITY WAS FORMED FOR THE PURPOSE OF RENTING AND MAINTAINING INDEPENDANT LIVING AFFORDABLE, SAFE AND SOUND HOUSING ENHANCED WITH SERVICES TO SENIOR CITIZENS OF LOW AND MODERATE INCOME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01865100
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01865100
IRS990/NetAssetsOrFundBalancesBOYAmt0-95266
IRS990/NetAssetsOrFundBalancesEOYAmt0-146176
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt06208
IRS990/OfficeExpensesGrp/TotalAmt06208
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0236628
IRS990/OtherAssetsTotalGrp/EOYAmt0250567
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt036661
IRS990/OtherExpensesGrp/ProgramServicesAmt132149
IRS990/OtherExpensesGrp/ProgramServicesAmt229466
IRS990/OtherExpensesGrp/ProgramServicesAmt313926
IRS990/OtherExpensesGrp/TotalAmt036661
IRS990/OtherExpensesGrp/TotalAmt132149
IRS990/OtherExpensesGrp/TotalAmt229466
IRS990/OtherExpensesGrp/TotalAmt313926
IRS990/OtherLiabilitiesGrp/BOYAmt08479
IRS990/OtherLiabilitiesGrp/EOYAmt07638
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06604
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06552
IRS990/PrincipalOfficerNm0MICHAEL BODAKEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0137021
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11496
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0137021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11496
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0218
IRS990/PYOtherExpensesAmt0170100
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0138387
IRS990/PYRevenuesLessExpensesAmt0-31495
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0170100
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138605
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-50910
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0138517
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0232
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0218
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0477
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0858
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02135
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0138517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0138387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0139373
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0139917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0137679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0693873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0218
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02135
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00370
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99360
IRS990ScheduleA/PublicSupportTotal509Amt0693873
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0138517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0138387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0139373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0139917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0137679
IRS990ScheduleA/Total509Grp/TotalAmt0693873
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0138749
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0139723
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0140394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0138537
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0696008
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01428808
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0353901
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01782709
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0189659
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0237267
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16699
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26601
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH - SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW - TAXES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0138749
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED MARCH 31, 2015. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2012 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 DISCLOSURE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01478808
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0250567
IRS990ScheduleD/TotalExpensesPerForm990Amt0189659
IRS990ScheduleD/TotalLiabilityAmt07638
IRS990ScheduleD/TotalRevenuePerForm990Amt0138749
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0138749
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0189659
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0276004
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011765
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NANCY S RASE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR (NON-VOTING)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0306669
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE REPORTABLE COMPENSATION FROM A RELATED ORGANIZATION IS BASED UPON APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J - QUESTION 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS REVIEWED & AUTHORIZED BY A MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE WRITTEN CONFLICT OF INTEREST POLICY IS DISCUSSED AT THE ANNUAL MEETING AND ALL OFFICERS AND DIRECTORS SIGN A STATEMENT ACKNOWLEDGING THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOMES FOR AMERICA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1HOMES FOR AMERICA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0521940646
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1432035312
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HOMES DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1CLARE COURT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt04777810
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-656426
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0318 SIXTH STREET SUITE 2
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1318 SIXTH STREET SUITE 2
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ANNAPOLIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1ANNAPOLIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd021403
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd121403
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOMES FOR AMERICA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HOMES FOR ARUNDEL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2HOMES FOR LAUREL INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,739,230
Liabilities
$1,885,406
Net assets
-$146,176
Revenue
$138,749
Expenses
$189,659
Net income
-$50,910
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.89$0.59$0.17$0.22$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$1.89$0.45$0.17$0.22$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.89$0.40$0.16$0.19$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$1.89$0.37$0.15$0.18$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$1.89$0.34$0.14$0.18$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.90$0.31$0.14$0.18$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$1.89$0.27$0.14$0.18$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.69$1.92$0.23$0.14$0.22$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.74$1.89$0.15$0.14$0.19$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.80$1.89$0.10$0.14$0.17$0.03