Civic Intelligence

Malta House Inc

990 • Fiscal year 2021 • EIN 52-1845215

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

Organization ProfileN/A
11400 Rockville Pike Suite 505Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

Liabilities / Assets

74th percentile

0.29x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.27x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

20th percentile

-4.2%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$369,452

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

5th percentile

-17%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

14%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,903,984

Down $397,585 (-17%) from 2020

Net Assets

Down

$1,359,530

Down $85,855 (-5.9%) from 2020

Liabilities

Down

$544,454

Down $311,730 (-36%) from 2020

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin20th percentile

Revenue

Up

$2,021,206

Up $240,929 (+14%) from 2020

Expenses

Up

$2,107,061

Up $228,578 (+12%) from 2020

Net Income

Up

-$85,855

Up $12,351 (+13%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,097,790Liabilities 2011: $1,180,522Net Assets 2011: $917,2682011Assets 2012: $2,096,982Liabilities 2012: $1,132,300Net Assets 2012: $964,6822012Assets 2013: $2,017,737Liabilities 2013: $956,447Net Assets 2013: $1,061,2902013Assets 2014: $2,029,760Liabilities 2014: $867,591Net Assets 2014: $1,162,1692014Assets 2015: $2,050,623Liabilities 2015: $833,810Net Assets 2015: $1,216,8132015Assets 2016: $2,059,432Liabilities 2016: $776,990Net Assets 2016: $1,282,4422016Assets 2017: $2,068,716Liabilities 2017: $697,968Net Assets 2017: $1,370,7482017Assets 2018: $2,123,271Liabilities 2018: $645,994Net Assets 2018: $1,477,2772018Assets 2019: $2,147,248Liabilities 2019: $603,657Net Assets 2019: $1,543,5912019Assets 2020: $2,301,569Liabilities 2020: $856,184Net Assets 2020: $1,445,3852020Assets 2021: $1,903,984Liabilities 2021: $544,454Net Assets 2021: $1,359,5302021Assets 2022: $1,725,336Liabilities 2022: $507,353Net Assets 2022: $1,217,9832022Assets 2023: $1,855,419Liabilities 2023: $1,044,261Net Assets 2023: $811,1582023Assets 2024: $1,709,626Liabilities 2024: $996,070Net Assets 2024: $713,5562024

Highlighted filing

2021

Assets$1,903,984
Liabilities$544,454
Net Assets$1,359,530
Open 2021 Filing

Operations Trend

Revenue Growth51st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,100,796Expenses 2011: $1,129,132Net Income 2011: -$28,3362011Revenue 2012: $1,177,055Expenses 2012: $1,129,641Net Income 2012: $47,4142012Revenue 2013: $1,226,784Expenses 2013: $1,130,176Net Income 2013: $96,6082013Revenue 2014: $1,357,009Expenses 2014: $1,256,130Net Income 2014: $100,8792014Revenue 2015: $1,349,268Expenses 2015: $1,294,624Net Income 2015: $54,6442015Revenue 2016: $1,381,638Expenses 2016: $1,316,009Net Income 2016: $65,6292016Revenue 2017: $1,453,566Expenses 2017: $1,365,260Net Income 2017: $88,3062017Revenue 2018: $1,578,343Expenses 2018: $1,471,814Net Income 2018: $106,5292018Revenue 2019: $1,538,726Expenses 2019: $1,472,412Net Income 2019: $66,3142019Revenue 2020: $1,780,277Expenses 2020: $1,878,483Net Income 2020: -$98,2062020Revenue 2021: $2,021,206Expenses 2021: $2,107,061Net Income 2021: -$85,8552021Revenue 2022: $1,940,691Expenses 2022: $2,082,238Net Income 2022: -$141,5472022Revenue 2023: $1,040,533Expenses 2023: $1,242,639Net Income 2023: -$202,1062023Revenue 2024: $2,315,461Expenses 2024: $2,412,911Net Income 2024: -$97,4502024

Highlighted filing

2021

Revenue$2,021,206
Expenses$2,107,061
Net Income-$85,855
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.2
Gross Receipts
$2,021,206
Mission and Program Overview

Mission

Assisted living residence for low- and moderate-income frail elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,091,411$991,001▼ $100,410
Savings and Temporary Cash Investments$566,263$255,096▼ $311,167
Accounts Receivable$31,047$29,717▼ $1,330
Cash and Non-Interest-Bearing Accounts$41,893$300▼ $41,593
Total Assets$2,301,569$1,903,984▼ $397,585
Other Assets Total$570,955$627,870▲ $56,915
Liabilities
Mortgage Notes Payable Secured by Investment Property$302,997$244,384▼ $58,613
Accounts Payable and Accrued Expenses$397,439$150,995▼ $246,444
Other Liabilities$155,538$147,718▼ $7,820
Deferred Revenue$210$1,357▲ $1,147
Total Liabilities$856,184$544,454▼ $311,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,340,385$1,254,530▼ $85,855
Net Assets With Donor Restrictions$105,000$105,000→ $0
Total Net Assets Fund Balance$1,445,385$1,359,530▼ $85,855
Total Liabilities and Net Assets / Fund Balance$2,301,569$1,903,984▼ $397,585

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$972,153$1,940,592$2,912,745
Equipment$17,421$258,687$276,108
Other Land Buildings$1,427$137,829$139,256
Other Assets Org$42,293--
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Leila a FinucanePresident & CEO
John D SpencerSenior Vice President
Jacqueline R SmedleyVice President
Julie SmithDirector
Rev Daniel CarsonDirector
Terry FarrellDirector
Jeffrey BlackwellAsst. Secretary
Edward CreskoffSecretary
Michelle M LimeresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$145,507
Program Service Revenue
$1,874,757
Investment Income
$942
Other Revenue
$0
Change in Net Assets
$-85,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,021,206
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,021,206
Total Revenue per Form 990
$2,021,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,538,246
Salaries, Compensation, and Employee Benefits$568,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,752$14,000-$299,752
Other Employee Benefits$171,392--$171,392
Depreciation Depletion$108,103--$108,103
Fees for Services Management-$101,306-$101,306
Payroll Taxes$97,671--$97,671
Fees for Services Accounting$11,425$50,757-$62,182
Occupancy$48,808$10,000-$58,808
Information Technology$24,859$2,232-$27,091
Other Expenses$36,443$20,000-$20,000
Office Expenses$19,492--$19,492
Advertising$17,935--$17,935
Insurance$12,396--$12,396
Fees for Services Legal$9,719--$9,719
All Other Expenses$-3,084$10,000-$6,916
Interest$1,716--$1,716
Conferences and Meetings$984--$984
Total Functional Expenses$1,898,766$208,295$0$2,107,061

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,107,061
Total Expenses per Audited Statements$2,107,061
Total Expenses per Form 990$2,107,061
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Security Deposits$147,718
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 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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members there is one class of membership which consists of the archbishop of the archdiocese of washington,the moderator of the curia of the archdiocese of washington, the chancellor of the archdiocese of washington,and their successors in office, each as selected or appointed according to the discpline of the roman catholic church.”

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

“The election and removal of members of the board of directors and the filling of vacancies that may occur.”

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

“Reserved powers of corporate members: the corporate members reserve to themselves authority to authorize the following actions: (a)the oversight and authentication of the corporation's mission, (b)the adoption or amendment of a mission statement; (c)the amendment of the articles of incorporation and the amendment of the bylaws; (d)the election and removal of members to the board of directors and the filling of vacancies that may occur; (e)the appointment and termination of the president/chief executive officer ("ceo"); (f)the acquisition, purchase, sale, lease, disposition or hypothecation of real property by corporation; (g) the approval of the borrowing of money or the guarantee of any obligations; the approval of any budget which reflects an operating deficit; (i) the approval of fiscal auditors.”

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

“The form 990 is provided to board members for review prior to filing.”

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

“The organization's related organization, victory housing, has a written conflict of interest policy. The board members and officers of the organization acknowledge and adhere to this policy, and they annually disclose any conflicts of interest. Additionally, any conflicts that arise that are related to transactions considered by the board are discussed at quarterly meetings.”

Form 990, Part VI, Section B, Line 15

“Those members of the board for whom compensation is reported in part vii of this form 990 are compensated by a related organization, victory housing, inc.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Malta House Inc
EIN
52-1845215
Phone
3014936000
Address
11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD 20852

Signing Officer

Name
Leila a Finucane
Title
CEO/president
Phone
3014936000
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leila a Finucane
Formed
1993
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Lisa M Cummings CPA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“There is no change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Malta 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 june 30, 2021. Due to its tax exempt status, malta is not subject to income taxes. Malta 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 malta has no other tax positions which must be considered for disclosure. The corporation's form 990, return of organization exempt from income tax, for the tax years ending 2018, 2019 and 2020 are subject to examination by the irs, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 1,184 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/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT & CEO
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt048808
IRS990/OccupancyGrp/TotalAmt058808
IRS990/OfficeExpensesGrp/ProgramServicesAmt019492
IRS990/OfficeExpensesGrp/TotalAmt019492
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0570955
IRS990/OtherAssetsTotalGrp/EOYAmt0627870
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc0ELDERLY CARE EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3CORPORATE MORTGAGE
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IRS990/OtherExpensesGrp/ProgramServicesAmt1151269
IRS990/OtherExpensesGrp/ProgramServicesAmt236443
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IRS990/OtherExpensesGrp/TotalAmt1151269
IRS990/OtherExpensesGrp/TotalAmt236443
IRS990/OtherExpensesGrp/TotalAmt320000
IRS990/OtherLiabilitiesGrp/BOYAmt0155538
IRS990/OtherLiabilitiesGrp/EOYAmt0147718
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0285752
IRS990/OtherSalariesAndWagesGrp/TotalAmt0299752
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt097671
IRS990/PayrollTaxesGrp/TotalAmt097671
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
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IRS990/ProgramServiceRevenueGrp/Desc1OTHER HOUSING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01637573
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1237184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01637573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1237184
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYOtherExpensesAmt01853483
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01778820
IRS990/PYRevenuesLessExpensesAmt0-98206
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01878483
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01780277
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-85855
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01874757
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0566263
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0255096
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0145507
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0100200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035278
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0286235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0942
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01457
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01066
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01087
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01077
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01874757
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01778820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01532410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01477056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01417211
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08080254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0942
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01457
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01087
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05629
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt08366489
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02020264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01778820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01537660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01577256
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01452489
IRS990ScheduleA/Total509Grp/TotalAmt08366489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02021206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01780277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01538726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01578343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01453566
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08372118
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/BuildingsGrp/BookValueAmt0972153
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01940592
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02912745
IRS990ScheduleD/EquipmentGrp/BookValueAmt017421
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0258687
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0276108
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02107061
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt035036
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1301609
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2248932
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt342293
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GENERAL OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3S/T INVESTMENTS - OTHER ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01427
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0137829
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0139256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0147718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02021206
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MALTA 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 JUNE 30, 2021. DUE TO ITS TAX EXEMPT STATUS, MALTA IS NOT SUBJECT TO INCOME TAXES. MALTA 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 MALTA HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE CORPORATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE TAX YEARS ENDING 2018, 2019 AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0627870
IRS990ScheduleD/TotalExpensesPerForm990Amt02107061
IRS990ScheduleD/TotalLiabilityAmt0147718
IRS990ScheduleD/TotalRevenuePerForm990Amt02021206
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02021206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02107061
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt060000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt130000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt220000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt330000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt420000

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,903,984
Liabilities
$544,454
Net assets
$1,359,530
Revenue
$2,021,206
Expenses
$2,107,061
Net income
-$85,855
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.71$1.00$0.71$2.32$2.41$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.86$1.04$0.81$1.04$1.24$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.51$1.22$1.94$2.08$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.90$0.54$1.36$2.02$2.11$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.30$0.86$1.45$1.78$1.88$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.15$0.60$1.54$1.54$1.47$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.12$0.65$1.48$1.58$1.47$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.07$0.70$1.37$1.45$1.37$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.06$0.78$1.28$1.38$1.32$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.05$0.83$1.22$1.35$1.29$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.03$0.87$1.16$1.36$1.26$0.10
2013Summary only. Only limited summary data is available for this year.$2.02$0.96$1.06$1.23$1.13$0.10
2012Summary only. Only limited summary data is available for this year.$2.10$1.13$0.96$1.18$1.13$0.05
2011Summary only. Only limited summary data is available for this year.$2.10$1.18$0.92$1.10$1.13$0.03
Peer Organizations

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