Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Monterey Apartments Inc
EIN 52-1276311 • 501(c)4 • Beltsville, MD
Profile
To provide affordable housing under section 221(d)(4) of the national housing act.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
5.54x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$113,761
No earlier filing loaded for comparison.
Liabilities
$630,513
No earlier filing loaded for comparison.
Net Assets
-$516,752
No earlier filing loaded for comparison.
Revenue
$193,125
No earlier filing loaded for comparison.
Expenses
$230,369
No earlier filing loaded for comparison.
Net Income
-$37,244
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $113,761
- Liabilities
- $630,513
- Net assets
- -$516,752
- Revenue
- $193,125
- Expenses
- $230,369
- Net income
- -$37,244
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2021 to Sep 30, 2022
- Signed
- Jun 6, 2024
- Return Version
- 2021v4.2
- Gross Receipts
- $193,125
Mission and Program Overview
Mission
To provide affordable housing under section 221(d)(4) of the national housing act.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MONTEREY APARTMENTS, INC. WAS ORGANIZED IN MARCH 1982 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR LOW AND MODERATE INCOME FAMILIES. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 221(D)(4) OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 15 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ALLECIA DAVIS | President | - | $0 | - | - |
| RELDA FENNELL | Vice President | - | $0 | - | - |
| TONI BLOUNT | Secretary | - | $0 | - | - |
| STEPHANIE ROUTH | Treasurer | - | $0 | - | - |
| CAROL NASH | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Monterey Apartments Inc
- EIN
- 52-1276311
- Phone
- 3019826207
- Address
- 5010 SUNNYSIDE AVENUE 312, BELTSVILLE, MD 20705
Signing Officer
- Name
- Relda Fennell
- Title
- Vice President
- Phone
- 3019826207
- Signed
- 2024-06-06
- Discuss with paid preparer
- Yes
Preparer
- Firm
- PKF O'CONNOR DAVIES ADVISORY LLC
- Address
- 245 PARK AVENUE 12TH FLOOR, NEW YORK, NY 10167
- Preparer
- Garrett M Higgins
- Phone
- 2122862600
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: interest income. Amount: 26.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: laundry and vending. Amount: 613. Description: other tenant charges. Amount: 1,055. Total to form 990-ez, line 8: 1,668.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bad debt. Amount: 9,501. Description: office. Amount: 7,784. Description: repairs & maintenance. Amount: 11,825. Description: allocated compensation. Amount: 41,098. Total to form 990-ez, line 16: 70,208.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: prepaid expenses. Beg. Of year amount: 19,910. End of year amount: 19,843. Description: security deposits. Beg. Of year amount: 4,390. End of year amount: 5,110. Description: accounts receivable. Beg. Of year amount: 4,466. End of year amount: 8,613.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 70,872. End of year amount: 89,085. Description: security deposits. Beg. Of year amount: 4,061. End of year amount: 5,057. Description: mortgages payable, net. Beg. Of year amount: 540,506. End of year amount: 536,371.”
Raw XML Appendix147 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/ApplicationPendingInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JOY KELLY - L HAYES & ASSOC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3019826207 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5010 SUNNYSIDE AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BELTSVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20705 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 33387 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 31038 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 159462 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -37244 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 31300 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 135931 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 113761 |
| IRS990EZ/GrossReceiptsAmt | 0 | 193125 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 26 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 73778 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 49157 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -479508 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -516752 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -479508 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -516752 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 128861 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ALLECIA DAVIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RELDA FENNELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | TONI BLOUNT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | STEPHANIE ROUTH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | CAROL NASH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 28766 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 33566 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 70208 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 1668 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE AFFORDABLE HOUSING UNDER SECTION 221(D)(4) OF THE NATIONAL HOUSING ACT. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 31969 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MONTEREY APARTMENTS, INC. WAS ORGANIZED IN MARCH 1982 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR LOW AND MODERATE INCOME FAMILIES. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 221(D)(4) OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 15 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 615439 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 630513 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 230369 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 193125 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 26. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: LAUNDRY AND VENDING. AMOUNT: 613. DESCRIPTION: OTHER TENANT CHARGES. AMOUNT: 1,055. TOTAL TO FORM 990-EZ, LINE 8: 1,668. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: BAD DEBT. AMOUNT: 9,501. DESCRIPTION: OFFICE. AMOUNT: 7,784. DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 11,825. DESCRIPTION: ALLOCATED COMPENSATION. AMOUNT: 41,098. TOTAL TO FORM 990-EZ, LINE 16: 70,208. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 19,910. END OF YEAR AMOUNT: 19,843. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 4,390. END OF YEAR AMOUNT: 5,110. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 4,466. END OF YEAR AMOUNT: 8,613. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 70,872. END OF YEAR AMOUNT: 89,085. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 4,061. END OF YEAR AMOUNT: 5,057. DESCRIPTION: MORTGAGES PAYABLE, NET. BEG. OF YEAR AMOUNT: 540,506. END OF YEAR AMOUNT: 536,371. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RELDA FENNELL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3019826207 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-06-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MONTEREY APARTMENTS INC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O L HAYES & ASSOCIATES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MONT |
| ReturnHeader/Filer/EIN | 0 | 521276311 |
| ReturnHeader/Filer/PhoneNum | 0 | 3019826207 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5010 SUNNYSIDE AVENUE 312 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BELTSVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20705 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 873231666 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PKF O'CONNOR DAVIES ADVISORY LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 245 PARK AVENUE 12TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10167 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2122862600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-06-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GARRETT M HIGGINS |
| ReturnHeader/ReturnTs | 0 | 2024-06-06T13:28:29-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | RELDA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | FENNELL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-09-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
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