Rhe Properties Inc
- Assets
- $13.2m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- Data as of
- 12/2021
- EIN
- 27-3649738
Organization Overview
Rhe Properties Inc is located in Rockville, MD. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhe Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RHE'S PRINCIPLE MISSION IS THE CREATION AND SUSTAINABILITY OF AFFORDABLE HOUSING IN THE CITY OF ROCKVILLE, MD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING - HOUSING TO FAMILIES AT INCOMES LESS THAN 80% OF THE HUD PUBLISHED AREA MEDIAN INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Duffy Chair | OfficerTrustee | 1 | $0 |
James Hendrick Vice President/director | OfficerTrustee | 1 | $0 |
Jessica Anderson Executive Director | Officer | 1 | $0 |
Christele Etienbla Deputy Director | Officer | 1 | $0 |
Stacy Kaplowitz Director | Trustee | 1 | $0 |
Steven Marr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,800,000 |
| Total Program Service Revenue | $14,900 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,820,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,245 |
| Insurance | $278 |
| All other expenses | $0 |
| Total functional expenses | $21,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,897 |
| Net Land, buildings, and equipment | $13,137,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $860 |
| Total assets | $13,154,507 |
| Accounts payable and accrued expenses | $13,698 |
| Grants payable | $0 |
| Deferred revenue | $4,042 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $277,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,997 |
| Total liabilities | $308,273 |
| Net assets without donor restrictions | $12,846,234 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,154,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |
Terrific Inc Washington, DC | $2,887,990 | $4,125,809 |
Dc Doors Washington, DC | $1,166,069 | $3,507,124 |
American Village Communities Inc Fairfax, VA | $15,020,871 | $7,566,152 |
Vacation Rental Management Association Washington, DC | $1,634,927 | $3,875,723 |
Bristol Gardens Inc Bristol, PA | $8,203,206 | $3,317,780 |
St Marys Roland View Towers Inc Baltimore, MD | $3,678,199 | $3,102,266 |