Civic Intelligence

Supported Living Inc C/O Heritage Housing Partners Corp

990 • Fiscal year 2017 • EIN 52-1551215

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 03, 2018

9770 Patuxent Woods Drive No 305Columbia, MD 21046

(443) 518-7685

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.88x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

22nd percentile

-8.6%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,141,715

Down $42,541 (-3.6%) from 2016

Net Assets

Down

-$25,122

Down $17,256 (-219%) from 2016

Liabilities

Down

$1,166,837

Down $25,285 (-2.1%) from 2016

Revenue

Down

$198,372

Down $84,081 (-30%) from 2016

Expenses

Up

$215,514

Up $11,512 (+5.6%) from 2016

Net Income

Down

-$17,142

Down $95,593 (-122%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,316,068Liabilities 2011: $1,308,572Net Assets 2011: $7,4962011Assets 2012: $1,268,068Liabilities 2012: $1,284,738Net Assets 2012: -$16,6702012Assets 2013: $1,215,610Liabilities 2013: $1,253,144Net Assets 2013: -$37,5342013Assets 2014: $1,170,391Liabilities 2014: $1,233,565Net Assets 2014: -$63,1742014Assets 2015: $1,160,022Liabilities 2015: $1,243,884Net Assets 2015: -$83,8622015Assets 2016: $1,184,256Liabilities 2016: $1,192,122Net Assets 2016: -$7,8662016Assets 2017: $1,141,715Liabilities 2017: $1,166,837Net Assets 2017: -$25,1222017Assets 2018: $1,106,386Liabilities 2018: $1,146,713Net Assets 2018: -$40,3272018Assets 2019: $1,080,946Liabilities 2019: $1,126,747Net Assets 2019: -$45,8012019Assets 2020: $1,015,671Liabilities 2020: $1,119,249Net Assets 2020: -$103,5782020Assets 2021: $977,139Liabilities 2021: $1,116,607Net Assets 2021: -$139,4682021Assets 2022: $981,406Liabilities 2022: $1,117,439Net Assets 2022: -$136,0332022Assets 2023: $943,617Liabilities 2023: $1,126,310Net Assets 2023: -$182,6932023Assets 2024: $906,375Liabilities 2024: $1,132,794Net Assets 2024: -$226,4192024

Highlighted filing

2017

Assets$1,141,715
Liabilities$1,166,837
Net Assets-$25,122

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $161,936Expenses 2011: $211,174Net Income 2011: -$49,2382011Expenses 2012: $201,2362012Revenue 2013: $178,326Expenses 2013: $199,521Net Income 2013: -$21,1952013Revenue 2014: $179,483Expenses 2014: $205,193Net Income 2014: -$25,7102014Revenue 2015: $179,347Expenses 2015: $196,450Net Income 2015: -$17,1032015Revenue 2016: $282,453Expenses 2016: $204,002Net Income 2016: $78,4512016Revenue 2017: $198,372Expenses 2017: $215,514Net Income 2017: -$17,1422017Revenue 2018: $208,121Expenses 2018: $223,326Net Income 2018: -$15,2052018Revenue 2019: $216,187Expenses 2019: $221,661Net Income 2019: -$5,4742019Revenue 2020: $356,724Expenses 2020: $414,501Net Income 2020: -$57,7772020Revenue 2021: $322,853Expenses 2021: $358,743Net Income 2021: -$35,8902021Revenue 2022: $176,763Expenses 2022: $173,328Net Income 2022: $3,4352022Revenue 2023: $168,242Expenses 2023: $214,902Net Income 2023: -$46,6602023Revenue 2024: $176,919Expenses 2024: $220,645Net Income 2024: -$43,7262024

Highlighted filing

2017

Revenue$198,372
Expenses$215,514
Net Income-$17,142
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 3, 2018
Return Version
2017v2.3
Gross Receipts
$198,372
Mission and Program Overview

Mission

Provide group housing to low-income elderly and physically and/or mentally disabled individuals.

Provide group housing to low income elderly and physically and/or mentally disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,142,419$1,078,204▼ $64,215
Cash and Non-Interest-Bearing Accounts$401$9,517▲ $9,116
Prepaid Expenses and Deferred Charges$6,571$7,003▲ $432
Loans From Officers Directors$6,149--
Accounts Receivable-$20-
Total Assets$1,184,256$1,141,715▼ $42,541
Other Assets Total$34,865$46,971▲ $12,106
Liabilities
Mortgage Notes Payable Secured by Investment Property$921,281$876,279▼ $45,002
Other Liabilities$243,635$267,691▲ $24,056
Escrow Account Liability$13,881$14,137▲ $256
Accounts Payable and Accrued Expenses$7,176$8,730▲ $1,554
Total Liabilities$1,192,122$1,166,837▼ $25,285
Net Assets / Fund Balance
Unrestricted Net Assets$-7,866$-25,122▼ $17,256
Total Net Assets Fund Balance$-7,866$-25,122▼ $17,256
Total Liabilities and Net Assets / Fund Balance$1,184,256$1,141,715▼ $42,541

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$804,444$1,126,347$1,930,791
Land$248,354-$248,354
Other Land Buildings$25,406$13,016$38,422
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jay RaksinPresident
Judi OlingerVice President
Gary CarterBoard Member
Nilakanta VenkateshBoard Member
Mary Alice DrewerFormer Board Member
Karen BoothSecretary
Derwood BrooksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$198,197
Investment Income
$175
Other Revenue
$0
Change in Net Assets
$-17,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$198,372
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-114
Total Revenue per Audited Statements
$198,258
Total Revenue per Form 990
$198,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,111
Salaries, Compensation, and Employee Benefits$9,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$89,665--$89,665
Depreciation Depletion$71,589--$71,589
Fees for Services Accounting$4,465$9,400-$13,865
Fees for Services Management$10,198--$10,198
Other Salaries and Wages$7,466--$7,466
Office Expenses$4,641--$4,641
Payroll Taxes$1,357--$1,357
Interest$1,058--$1,058
Other Expenses$804--$804
Other Employee Benefits$580--$580
Travel$33--$33
Total Functional Expenses$206,114$9,400$0$215,514

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$215,514
Total Expenses per Audited Statements$215,514
Total Expenses per Form 990$215,514
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$6,149--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$215,916
Grant Advancement$40,000
Due to Affiliate$11,775
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Day to day operation of the organization.

Form 990, Part VI, Section A, Line 6

The organization was formed as a non-stock, membership corporation. Membership is available to any not-for-profit organization whose exempt purpose is in line with the organizations. Members attend a annual meeting of the corporation during the last quarter of the fiscal year. Special meetings of the members may also be called during the year. Each member is entitled to one vote on ballots presented during the annual meeting. Members pay annual dues assessed by the board of directors. In addition to annual dues, special assessments determined by the members upon a recomendation by the board of directors may be requried and paid by the members.

Form 990, Part VI, Section A, Line 7A

The board shall consist of one respresentative (director) selected by each member of the corporation. Each director shall be appointed by the respective member, with which he or she is affiliated, at the annual meeting of the corporation.

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

A copy is given to the governing body for review before it is filed.

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

The organization's conflicts of interest policy requires each director and/or officer to annually disclose his/her knowledge and understanding of the policy which includes the duty of the director and/or officer to disclose to the board of directors any actual or potential conflicts of interest. The board of directors (excluding any member which is party to the conflict) is responsible for reviewing the potential conflict and making the determination if an actual conflict of interest exists. Upon knowledge that a conflict was not properly disclosed to the board of directors, appropriate corrective and disciplinary actions shall be taken. Individuals party to any conflicts of interest shall be precluded from voting on any matters associated with the arrangement or transaction involving such conflict.

Form 990, Part VI, Section C, Line 19

Available on site upon request.

Filing and Contact Details

Filer

Filer Name
Supported Living Inc
EIN
52-1551215
Phone
4435187685
Address
9770 PATUXENT WOODS DRIVE NO 305, COLUMBIA, MD 21046

Signing Officer

Name
Jay Raksin
Title
Board President
Phone
4435187685
Signed
2018-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Raksin
Formed
1987
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Hertzbach & Company Pa
Address
800 RED BROOK BLVD SUITE 300, OWINGS MILLS, MD 21117
Preparer
Jeffrey M Kleeman
Phone
4103633200
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 26

The corporation borrowed $25,000 from heritage housing partners corporation, a related party, to provide additional funds needed to complete a substantial renovation. The loan was repaid in full during 2017.

FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:

Utilities $ 81 real estate taxes 4,583 property and liability insurance 10,248 contracts 31,377 interest 33,322 supplies 9,766 repairs & maintenance 288 ___________ total occupancy expense $ 89,665

Form 990, Part XII, Line 2C

The process has not changed from the prior year

Financial Statement Notes

PART IV, LINE 2B:

The amount of $14,192 as of december 31, 2017 on the accompanying statement of financial position, represent funds deposited in a savings account with a balance which is at least equal to the tenants' security deposits. Maryland rent escrow law requires the corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at the greater of 1.5% or the 1-year us treasury yield curve rate a year, at six month intervals. Tenant security deposits are held in a federally insured bank.

PART X, LINE 2:

The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code, except for unrelated business income as defined in the code. The corporation did not have any unrelated business income during the years ended december 31, 2017 and 2016. Accordingly, no provision for income taxes has been included in the accompanying financial statements.

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IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0198197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0198197
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt095606
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0206
IRS990/PYOtherExpensesAmt0196385
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0186641
IRS990/PYRevenuesLessExpensesAmt078451
IRS990/PYSalariesCompEmpBnftPaidAmt07617
IRS990/PYTotalExpensesAmt0204002
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0282453
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17142
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0198197
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FORMED AND ORGANIZAED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ASSIST IN THE DEVELOPMENT AND OPERATIONS OF DECENT, SAFE, AFFORDABLE HOUSING FOR MENTALLY OR PHYSICALLY HANDICAPPED OR DISABLES PERSONS. THE ORGANIZATION WAS FORMED AS A JOINT VENTURE WITH HERITAGE HOUSING PARTNERS CORPORATION, THE ARC OF HOWARD COUNTY AND HUMANIM, INC., ALL PUBLICLY SUPPORTED ORGANIZATIONS. SUPPORTED LIVING, INC. OWNS THE PROPERTY AND RENTS TO THE ARC OF HOWARD COUNTY IN SUPPORT OF ITS EXEMPT FUNCTIONS. SUPPORTED LIVING, INC.'S EXEMPT PURPOSE SUPPORTS THOSE IN THE JOINT VENTURE WHO ARE PROVIDING THAT SAME PURPOSE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART VI, LINE 1
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0520884366
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE ARC OF HOWARD COUNTY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0804444
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01126347
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01930791
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0215514
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0248354
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0248354
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-114
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025406
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013016
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0215916
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111775
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2GRANT ADVANCEMENT
IRS990ScheduleD/RevenueNotReportedAmt0-114
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0198372
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT OF $14,192 AS OF DECEMBER 31, 2017 ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION, REPRESENT FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. MARYLAND RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT THE GREATER OF 1.5% OR THE 1-YEAR US TREASURY YIELD CURVE RATE A YEAR, AT SIX MONTH INTERVALS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2017 AND 2016. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01078204
IRS990ScheduleD/TotalExpensesPerForm990Amt0215514
IRS990ScheduleD/TotalLiabilityAmt0267691
IRS990ScheduleD/TotalRevenuePerForm990Amt0198372
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0198258
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0215514
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BORROWED $25,000 FROM HERITAGE HOUSING PARTNERS CORPORATION, A RELATED PARTY, TO PROVIDE ADDITIONAL FUNDS NEEDED TO COMPLETE A SUBSTANTIAL RENOVATION. THE LOAN WAS REPAID IN FULL DURING 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAY TO DAY OPERATION OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WAS FORMED AS A NON-STOCK, MEMBERSHIP CORPORATION. MEMBERSHIP IS AVAILABLE TO ANY NOT-FOR-PROFIT ORGANIZATION WHOSE EXEMPT PURPOSE IS IN LINE WITH THE ORGANIZATIONS. MEMBERS ATTEND A ANNUAL MEETING OF THE CORPORATION DURING THE LAST QUARTER OF THE FISCAL YEAR. SPECIAL MEETINGS OF THE MEMBERS MAY ALSO BE CALLED DURING THE YEAR. EACH MEMBER IS ENTITLED TO ONE VOTE ON BALLOTS PRESENTED DURING THE ANNUAL MEETING. MEMBERS PAY ANNUAL DUES ASSESSED BY THE BOARD OF DIRECTORS. IN ADDITION TO ANNUAL DUES, SPECIAL ASSESSMENTS DETERMINED BY THE MEMBERS UPON A RECOMENDATION BY THE BOARD OF DIRECTORS MAY BE REQURIED AND PAID BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD SHALL CONSIST OF ONE RESPRESENTATIVE (DIRECTOR) SELECTED BY EACH MEMBER OF THE CORPORATION. EACH DIRECTOR SHALL BE APPOINTED BY THE RESPECTIVE MEMBER, WITH WHICH HE OR SHE IS AFFILIATED, AT THE ANNUAL MEETING OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY IS GIVEN TO THE GOVERNING BODY FOR REVIEW BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY REQUIRES EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHICH IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE ON SITE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UTILITIES $ 81 REAL ESTATE TAXES 4,583 PROPERTY AND LIABILITY INSURANCE 10,248 CONTRACTS 31,377 INTEREST 33,322 SUPPLIES 9,766 REPAIRS & MAINTENANCE 288 ___________ TOTAL OCCUPANCY EXPENSE $ 89,665
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0813799243
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SHALOM HERITAGE DEVELOPMENT LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt09770 PATUXENT WOODS DRIVE 305
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0COLUMBIA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd021046
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0813787499
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SHALOM HERITAGE LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt09770 PATUXENT WOODS DRIVE 305
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0COLUMBIA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd021046
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RESIDENTIAL OPPORTUNITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PROGRESSIVE HOUSING PARTNERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ACCESS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3TRANSITIONAL HOUSING RESOURCES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4BB HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521658275
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1522150802
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2562329840
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3522217206
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4264486280
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4LOW INCOME HOUSING

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$1.13$0.23$0.18$0.22$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.94$1.13$0.18$0.17$0.21$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.98$1.12$0.14$0.18$0.17$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.98$1.12$0.14$0.32$0.36$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.02$1.12$0.10$0.36$0.41$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.08$1.13$0.05$0.22$0.22$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.11$1.15$0.04$0.21$0.22$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.14$1.17$0.03$0.20$0.22$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.18$1.19$0.01$0.28$0.20$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.16$1.24$0.08$0.18$0.20$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.17$1.23$0.06$0.18$0.21$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.22$1.25$0.04$0.18$0.20$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$1.28$0.02$0.20
2011Summary only. Only limited summary data is available for this year.$1.32$1.31$0.01$0.16$0.21$0.05