Civic Intelligence

The Frank K and Jacqueline W Harney Family Foundat

EIN 46-2890559 • 501(c)3 • Fort Washington, MD

Pub. 78 Eligible990-N CoverageNTEE P12

Profile

The Foundation is dedicated to supporting the under represented working class and military communities in North Carolina and Maryland. This purpose will be accomplished through the development of subsidized affordable housing.

413 Swan Creek RoadFort Washington, MD 20744
Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Asset Growth

41st percentile

0.0%

Faster asset growth than 41% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Flat

$1,525,000

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Flat

$1,525,000

Flat from 2023

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2022: $1,525,000Liabilities 2022: $0Net Assets 2022: $1,525,0002022Assets 2023: $1,525,000Liabilities 2023: $0Net Assets 2023: $1,525,0002023Assets 2024: $1,525,000Liabilities 2024: $0Net Assets 2024: $1,525,0002024

Highlighted filing

2024

Assets$1,525,000
Liabilities$0
Net Assets$1,525,000

Operations Trend

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

$0Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 17, 2025
Return Version
2024v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

The Foundation is dedicated to supporting the under represented working class and military communities in North Carolina and Maryland. This purpose will be accomplished through the development of subsidized affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,525,000$1,525,000→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$1,525,000$1,525,000→ $0
Total Assets$1,525,000$1,525,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,525,000$1,525,000→ $0
Total Liabilities and Net Assets / Fund Balance$1,525,000$1,525,000→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,525,000-$1,525,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank HarneyPresident & CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

To determine the accuracy of the form 990 return.

Conflict of interest policy compliance Part VI line 12C

By laws states there should be no conflict of interest.

CEO executive director top management comp Part VI line 15A

Comparative anayses and industry average.

Other officer or key employee compensation Part VI line 15B

Comparative analyses and industry average.

Form 990 availability to public Part VI line 18

Availability to public can be access through foia.

Governing documents etc available to public Part VI line 19

Is a public record that can be accessed through foia.

Filing and Contact Details

Filer

Filer Name
The Frank K and Jacqueline W Harney Family Foundat
EIN
46-2890559
In Care Of
% FRANK HARNEY
Phone
7038987181
Address
413 SWAN CREEK ROAD, Fort Washington, MD 20744

Signing Officer

Name
Frank Harney
Title
President & CEO
Phone
7038987181
Signed
2025-03-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Frank Harney
Formed
2013
Legal Domicile
Md
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Koroma Tax & Financial Services Llp
Address
5902 MAGNOLIA HILL LANE, Riverdale, MD 20737
Preparer
Ibrahim Koroma CPA
Phone
2404858758
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

BOOK VALUE OF THE LAND.

Raw XML Appendix237 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.

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IRS990/IRPDocumentCnt00
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IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0The Foundation is dedicated to supporting the under represented working class and military communities in North Carolina and Maryland. This purpose will be accomplished through the development of subsidized affordable housing.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01525000
IRS990/NetAssetsOrFundBalancesEOYAmt01525000
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherOrganizationDsc0EXEMPT
IRS990/PartialLiquidationInd0false
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IRS990ScheduleA/CommunityTrustInd0X
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01525000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01525000
IRS990/ScheduleJRequiredInd0false
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum07038987181
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-17
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ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0462890559
ReturnHeader/Filer/InCareOfNm0% FRANK HARNEY
ReturnHeader/Filer/PhoneNum07038987181
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IBRAHIM KOROMA CPA
ReturnHeader/ReturnTs02025-03-18T17:27:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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