Civic Intelligence

Inwood House Development Corporation

EIN 52-0323695 • 501(c)3 • Silver Spring, MD

View Organization Page

Profile

Inwood house operates a 150-unit apartment building, providing housing and related apartment living amenities to persons who are low-income, disabled, handicapped and/or elderly. Tenants' rental subsidy assistance is provided through hud section 8 rent programs.

10921 Inwood AvenueSilver Spring, MD 20902

www.inwoodhouse.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.03x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.09x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$133,500

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

5.1%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$9,812,025

Up $1,061,664 (+12%) from 2023

Liabilities

Up

$297,037

Up $111,649 (+60%) from 2023

Net Assets

Up

$9,514,988

Up $950,015 (+11%) from 2023

Operations
Liabilities / Revenue38th percentileNet Margin78th percentile

Revenue

Up

$3,371,169

Up $162,419 (+5.1%) from 2023

Expenses

Up

$2,471,925

Up $201,992 (+8.9%) from 2023

Net Income

Down

$899,244

Down $39,573 (-4.2%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $2,800,303Liabilities 2010: $3,783,174Net Assets 2010: -$982,8712010Assets 2011: $3,558,234Liabilities 2011: $3,581,530Net Assets 2011: -$23,2962011Assets 2012: $3,794,365Liabilities 2012: $3,356,181Net Assets 2012: $438,1842012Assets 2013: $3,672,011Liabilities 2013: $2,909,954Net Assets 2013: $762,0572013Assets 2014: $3,873,978Liabilities 2014: $2,677,098Net Assets 2014: $1,196,8802014Assets 2015: $3,954,978Liabilities 2015: $2,296,821Net Assets 2015: $1,658,1572015Assets 2016: $4,333,811Liabilities 2016: $1,990,447Net Assets 2016: $2,343,3642016Assets 2017: $4,445,723Liabilities 2017: $1,451,351Net Assets 2017: $2,994,3722017Assets 2018: $4,778,749Liabilities 2018: $1,116,810Net Assets 2018: $3,661,9392018Assets 2019: $5,162,847Liabilities 2019: $416,025Net Assets 2019: $4,746,8222019Assets 2020: $6,088,284Liabilities 2020: $310,728Net Assets 2020: $5,777,5562020Assets 2021: $6,989,955Liabilities 2021: $207,574Net Assets 2021: $6,782,3812021Assets 2022: $7,856,552Liabilities 2022: $238,598Net Assets 2022: $7,617,9542022Assets 2023: $8,750,361Liabilities 2023: $185,388Net Assets 2023: $8,564,9732023Assets 2024: $9,812,025Liabilities 2024: $297,037Net Assets 2024: $9,514,9882024

Highlighted filing

2024

Assets$9,812,025
Liabilities$297,037
Net Assets$9,514,988
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,953,3142010Expenses 2011: $1,968,4232011Expenses 2012: $2,178,9642012Revenue 2013: $2,668,844Expenses 2013: $2,344,971Net Income 2013: $323,8732013Revenue 2014: $2,680,254Expenses 2014: $2,245,431Net Income 2014: $434,8232014Revenue 2015: $2,713,675Expenses 2015: $2,252,398Net Income 2015: $461,2772015Revenue 2016: $2,769,809Expenses 2016: $2,084,602Net Income 2016: $685,2072016Revenue 2017: $2,805,233Expenses 2017: $2,154,225Net Income 2017: $651,0082017Revenue 2018: $2,877,626Expenses 2018: $2,210,059Net Income 2018: $667,5672018Revenue 2019: $3,037,216Expenses 2019: $1,952,333Net Income 2019: $1,084,8832019Revenue 2020: $3,055,296Expenses 2020: $2,024,562Net Income 2020: $1,030,7342020Revenue 2021: $2,982,683Expenses 2021: $1,977,858Net Income 2021: $1,004,8252021Revenue 2022: $3,056,688Expenses 2022: $2,181,127Net Income 2022: $875,5612022Revenue 2023: $3,208,750Expenses 2023: $2,269,933Net Income 2023: $938,8172023Revenue 2024: $3,371,169Expenses 2024: $2,471,925Net Income 2024: $899,2442024

Highlighted filing

2024

Revenue$3,371,169
Expenses$2,471,925
Net Income$899,244
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,812,025
Liabilities
$297,037
Net assets
$9,514,988
Revenue
$3,371,169
Expenses
$2,471,925
Net income
$899,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.81$0.30$9.51$3.37$2.47$0.90
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.75$0.19$8.56$3.21$2.27$0.94
2022Detailed filing. Detailed filing data is available for this year.$7.86$0.24$7.62$3.06$2.18$0.88
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.99$0.21$6.78$2.98$1.98$1.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.09$0.31$5.78$3.06$2.02$1.03
2019Detailed filing. Detailed filing data is available for this year.$5.16$0.42$4.75$3.04$1.95$1.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$1.12$3.66$2.88$2.21$0.67
2017Detailed filing. Detailed filing data is available for this year.$4.45$1.45$2.99$2.81$2.15$0.65
2016Detailed filing. Detailed filing data is available for this year.$4.33$1.99$2.34$2.77$2.08$0.69
2015Detailed filing. Detailed filing data is available for this year.$3.95$2.30$1.66$2.71$2.25$0.46
2014Detailed filing. Detailed filing data is available for this year.$3.87$2.68$1.20$2.68$2.25$0.43
2013Summary only. Only limited summary data is available for this year.$3.67$2.91$0.76$2.67$2.34$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$3.36$0.44$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$3.58$0.02$1.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$3.78$0.98$1.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,371,169
Mission and Program Overview

Mission

Inwood house operates an 150-unit apartment building, providing housing and related apartment living amenties to persons who are low-income, disabled, and/or elderly. Tenants' rental subsidy assistance is provided through hud section 8 rent programs.

Provide independent living programs for low-income and disabled adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,712,255$6,613,881▲ $2,901,626
Land, Buildings, and Equipment, Net$2,035,952$2,040,727▲ $4,775
Cash and Non-Interest-Bearing Accounts$2,819,335$911,502▼ $1,907,833
Accounts Receivable$103,563$77,414▼ $26,149
Total Assets$8,750,361$9,812,025▲ $1,061,664
Other Assets Total$79,256$168,501▲ $89,245
Liabilities
Accounts Payable and Accrued Expenses$86,108$206,279▲ $120,171
Escrow Account Liability$54,761$53,009▼ $1,752
Deferred Revenue$44,519$37,749▼ $6,770
Total Liabilities$185,388$297,037▲ $111,649
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,564,973$9,514,988▲ $950,015
Total Net Assets Fund Balance$8,564,973$9,514,988▲ $950,015
Total Liabilities and Net Assets / Fund Balance$8,750,361$9,812,025▲ $1,061,664

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,491,247$9,086,211$10,577,458
Equipment$187,909$1,343,264$1,531,173
Other Land Buildings$136,571$170,606$307,177
Land$225,000-$225,000
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melisa BellExecutive DirectorFT$92,722$40,778$133,500

Board Members and Trustees

NameTitle
Robin Y JenkinsPresident
Mandy MerchantVice President
Darcel CoxDirector
David LeeDirector
Ken TeclerDirector
Dr Kimberly ColemanSecretary
Nicole SpringirthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,404,043
Program Service Revenue
$706,736
Investment Income
$216,966
Other Revenue
$43,424
All Other Contributions
$8,174
Change in Net Assets
$899,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,371,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$50,771
Total Revenue per Audited Statements
$3,421,940
Total Revenue per Form 990
$3,371,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,010,780
Salaries, Compensation, and Employee Benefits$461,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$317,910$37,547-$355,457
Depreciation Depletion$191,405--$191,405
Other Salaries and Wages$90,595$85,901-$176,496
Fees for Services Other$88,162$68,971-$157,133
Current Officers, Directors, Trustees, and Key Employees-$139,597-$139,597
Fees for Services Management-$107,376-$107,376
Payroll Taxes$23,458$48,328-$71,786
Other Employee Benefits$28,760$26,443-$55,203
Other Expenses$178,077$54,810-$54,810
Office Expenses$401$47,300-$47,701
All Other Expenses-$41,238-$41,238
Pension Plan Contributions$7,878$10,185-$18,063
Fees for Services Accounting-$14,000-$14,000
Advertising-$11,047-$11,047
Insurance$8,044--$8,044
Fees for Services Legal-$3,222-$3,222
Information Technology-$404-$404
Total Functional Expenses$1,718,134$753,791$0$2,471,925

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,471,925
Total Expenses per Audited Statements$2,471,925
Total Expenses per Form 990$2,471,925
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
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
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 owned by the corporation is managed by quantum property management pursuant to a management agreement approved by hud. The fee is 3.61% of gross collections of the project. For the years ended september 30, 2024 and 2023, management fees were $107,376 and $105,788. There were no board members compensated by the management company during the year.”

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

“The form 990 is prepared by an outside accounting firm. The return is reviewed by management and a complete copy of the form 990 is provided to all board members prior to filing with the irs.”

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

“The organization has a written conflict of interest policy requiring board members to fully disclose any actual or potential conflicts to the board president (or vice president if the president is conflicted). The policy mandates disclosure of specific relationships and financial interests that could present conflicts. After disclosure, the board evaluates the situation and decides if a conflict exists. If so, the interested board member may clarify but does not participate in the decision. Any related transactions must be in the organization's best interest and fully disclosed and approved by the board at a formal meeting.”

Form 990, Part VI, Section B, Line 15A

“The executive director's compensation is determined using salary data from the maryland nonprofits compensation survey and an annual performance evaluation. The finance committee reviews the proposed compensation, and the full board approves it during the annual budget process.”

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 code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements and governing documents are also available upon written request.”

Filing and Contact Details

Filer

Filer Name
Inwood House Development Corporation
EIN
52-0323695
Phone
3016496595
Address
10921 INWOOD AVENUE, SILVER SPRING, MD 20902

Signing Officer

Name
Robin Y Jenkins
Title
President
Phone
3016496595
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Y Jenkins
Formed
1978
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
7

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 X, LINE 2:

“The corporation 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 corporation is no longer subject to u.s. Federal, state or local income tax examinations for years prior to september 30, 2021.”

Raw XML AppendixShowing 400 of 437 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/BOYAmt086108
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0206279
IRS990/AccountsReceivableGrp/BOYAmt0103563
IRS990/AccountsReceivableGrp/EOYAmt077414
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE INDEPENDENT LIVING PROGRAMS FOR LOW-INCOME AND DISABLED ADULTS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt011047
IRS990/AdvertisingGrp/TotalAmt011047
IRS990/AllOtherContributionsAmt08174
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt041238
IRS990/AllOtherExpensesGrp/TotalAmt041238
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum03019418040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05101 RIVER ROAD STE 101
IRS990/BooksInCareOfDetail/USAddress/CityNm0BETHESDA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020816
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02819335
IRS990/CashNonInterestBearingGrp/EOYAmt0911502
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0139597
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0139597
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02404043
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0216966
IRS990/CYOtherExpensesAmt02010780
IRS990/CYOtherRevenueAmt043424
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IRS990/CYTotalRevenueAmt03371169
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IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0191405
IRS990/DepreciationDepletionGrp/TotalAmt0191405
IRS990/Desc0INWOOD HOUSE IS AN INDEPENDENT LIVING APARTMENT FACILITY WHICH PROVIDES SAFE, AFFORDABLE AND ACCESSIBLE RENTAL HOUSING FOR PERSONS WHO ARE CONSIDERED LOW-INCOME UNDER HUD SECTION 8 STANDARDS AND ARE DISABLED, HANDICAPPED OR ELDERLY.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt023
IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/FederalGrantAuditRequiredInd01
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IRS990/FeesForServicesAccountingGrp/TotalAmt014000
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IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0107376
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IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt068971
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IRS990/FeesForServicesOtherGrp/TotalAmt0157133
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IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
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IRS990/Form990PartVIISectionAGrp/PersonNm0ROBIN Y JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm1MANDY MERCHANT
IRS990/Form990PartVIISectionAGrp/PersonNm2NICOLE SPRINGIRTH
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IRS990/Form990PartVIISectionAGrp/PersonNm4DARCEL COX
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID LEE
IRS990/Form990PartVIISectionAGrp/PersonNm6KEN TECLER
IRS990/Form990PartVIISectionAGrp/PersonNm7MELISA BELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd01
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IRS990/GovernmentGrantsAmt02395869
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt0404
IRS990/InsuranceGrp/ProgramServicesAmt08044
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IRS990/InvestmentIncomeGrp/ExclusionAmt0216966
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0216966
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010600081
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02035952
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02040727
IRS990/LandBldgEquipCostOrOtherBssAmt012640808
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INWOOD HOUSE OPERATES AN 150-UNIT APARTMENT BUILDING, PROVIDING HOUSING AND RELATED APARTMENT LIVING AMENITIES TO PERSONS WHO ARE LOW-INCOME, DISABLED, AND/OR ELDERLY. TENANTS' RENTAL SUBSIDY ASSISTANCE IS PROVIDED THROUGH HUD SECTION 8 RENT PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08564973
IRS990/NetAssetsOrFundBalancesEOYAmt09514988
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt050771
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08564973
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09514988
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt037547
IRS990/OccupancyGrp/ProgramServicesAmt0317910
IRS990/OccupancyGrp/TotalAmt0355457
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt047300
IRS990/OfficeExpensesGrp/ProgramServicesAmt0401
IRS990/OfficeExpensesGrp/TotalAmt047701
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt079256
IRS990/OtherAssetsTotalGrp/EOYAmt0168501
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026443
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028760
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055203
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ELDERLY CARE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3TENANT ACTIVITY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt057422
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt154810
IRS990/OtherExpensesGrp/ProgramServicesAmt0783444
IRS990/OtherExpensesGrp/ProgramServicesAmt1178077
IRS990/OtherExpensesGrp/TotalAmt0783444
IRS990/OtherExpensesGrp/TotalAmt1178077
IRS990/OtherExpensesGrp/TotalAmt257422
IRS990/OtherExpensesGrp/TotalAmt354810
IRS990/OtherRevenueMiscGrp/BusinessCd0623990
IRS990/OtherRevenueMiscGrp/Desc0OTHER TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt043424
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt043424
IRS990/OtherRevenueTotalAmt043424
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085901
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090595
IRS990/OtherSalariesAndWagesGrp/TotalAmt0176496
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048328
IRS990/PayrollTaxesGrp/ProgramServicesAmt023458
IRS990/PayrollTaxesGrp/TotalAmt071786
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010185
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07878
IRS990/PensionPlanContributionsGrp/TotalAmt018063
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBIN Y JENKINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0706736
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0706736
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02349029
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0125965
IRS990/PYOtherExpensesAmt01291853
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0733756
IRS990/PYRevenuesLessExpensesAmt0938817
IRS990/PYSalariesCompEmpBnftPaidAmt0978080
IRS990/PYTotalExpensesAmt02269933
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03208750
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0899244
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0706736
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03712255
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06613881
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER TENANT CHARGES - 2023 AMOUNT: $ 43,424.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02404043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02349029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02363390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02307356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02278944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011702762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0216966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0125965
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05471
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt090047
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0477720
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03450680
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt043424
IRS990ScheduleA/OtherIncome170Grp/TotalAmt043424
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95740
IRS990ScheduleA/PublicSupportPY170Pct00.96810
IRS990ScheduleA/PublicSupportTotal170Amt011702762
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02404043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02349029
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02363390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02307356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02278944
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011702762
IRS990ScheduleA/TotalSupportAmt012223906
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/BookValueAmt01491247
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09086211
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010577458
IRS990ScheduleD/EquipmentGrp/BookValueAmt0187909
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01343264
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01531173
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02471925
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0225000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0225000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt050771
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0136571
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0170606
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0307177
IRS990ScheduleD/RevenueNotReportedAmt050771
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03371169
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION 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 CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02040727
IRS990ScheduleD/TotalExpensesPerForm990Amt02471925
IRS990ScheduleD/TotalRevenuePerForm990Amt03371169
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03421940
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02471925
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY OWNED BY THE CORPORATION IS MANAGED BY QUANTUM PROPERTY MANAGEMENT PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE FEE IS 3.61% OF GROSS COLLECTIONS OF THE PROJECT. FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, MANAGEMENT FEES WERE $107,376 AND $105,788. THERE WERE NO BOARD MEMBERS COMPENSATED BY THE MANAGEMENT COMPANY DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING BOARD MEMBERS TO FULLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS TO THE BOARD PRESIDENT (OR VICE PRESIDENT IF THE PRESIDENT IS CONFLICTED). THE POLICY MANDATES DISCLOSURE OF SPECIFIC RELATIONSHIPS AND FINANCIAL INTERESTS THAT COULD PRESENT CONFLICTS. AFTER DISCLOSURE, THE BOARD EVALUATES THE SITUATION AND DECIDES IF A CONFLICT EXISTS. IF SO, THE INTERESTED BOARD MEMBER MAY CLARIFY BUT DOES NOT PARTICIPATE IN THE DECISION. ANY RELATED TRANSACTIONS MUST BE IN THE ORGANIZATION'S BEST INTEREST AND FULLY DISCLOSED AND APPROVED BY THE BOARD AT A FORMAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED USING SALARY DATA FROM THE MARYLAND NONPROFITS COMPENSATION SURVEY AND AN ANNUAL PERFORMANCE EVALUATION. THE FINANCE COMMITTEE REVIEWS THE PROPOSED COMPENSATION, AND THE FULL BOARD APPROVES IT DURING THE ANNUAL BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TotalAssetsBOYAmt08750361
IRS990/TotalAssetsEOYAmt09812025
IRS990/TotalAssetsGrp/BOYAmt08750361
IRS990/TotalAssetsGrp/EOYAmt09812025
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02404043
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0753791
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01718134
IRS990/TotalFunctionalExpensesGrp/TotalAmt02471925
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0185388
IRS990/TotalLiabilitiesEOYAmt0297037
IRS990/TotalLiabilitiesGrp/BOYAmt0185388
IRS990/TotalLiabilitiesGrp/EOYAmt0297037
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08564973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09514988
IRS990/TotalOtherCompensationAmt040778
IRS990/TotalProgramServiceExpensesAmt01718134
IRS990/TotalProgramServiceRevenueAmt0706736
IRS990/TotalReportableCompFromOrgAmt092722
IRS990/TotalRevenueGrp/ExclusionAmt0260390
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0706736
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03371169
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08750361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09812025
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

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