Greater Baltimore Ahc Inc
- Assets
- $13.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Arlington, VA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 33-1084573
Organization Overview
Greater Baltimore Ahc Inc is located in Arlington, VA. The organization was established in 2011. 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. As of 12/2021, Greater Baltimore Ahc Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Baltimore Ahc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Baltimore Ahc Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD, PRESERVE AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
MULTIFAMILY HOUSING DEVELOPMENT - GREATER BALTIMORE AHC, INC. (AHC-GB) TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC-GB CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIRS THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. FOUNDED IN 2004, THE GROWING PORTFOLIO OF 11 MULTIFAMILY COMMUNITIES PROVIDES OVER 2,100 APARTMENT AND TOWNHOME HOMES TO LOW-INCOME AND EXTREMELY LOW-INCOME RESIDENTS OF BALTIMORE CITY, BALTIMORE COUNTY, AND SUBURBAN MARYLAND. AHC-GB IS A SUBSIDIARY OF NONPROFIT AFFORDABLE HOUSING DEVELOPER AHC INC., BASED IN ARLINGTON, VA.
RESIDENT SERVICES - GREATER BALTIMORE AHC, INC.'S (AHC-GB) NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING. AHC-GB'S COMMUNITY RELATIONS (CR) PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY ENGAGEMENT SERVICES THAT ADVANCE THEIR MISSION AND CONTRIBUTE TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC-GB IS COMMITTED TO ADVANCING DIVERSITY, EQUITY AND INCLUSION, SEEKING RESIDENT INPUT, AND ELEVATING RESIDENT AGENCY IN ALL WE DO.
HOME OWNERSHIP - GREATER BALTIMORE AHC, INC. (AHC-GB) PURCHASED AND REHABILITATED 16 SINGLE FAMILY TOWNHOMES IN THE PARK HEIGHTS NEIGHBORHOOD TO PROMOTE NEIGHBORHOOD REVITALIZATION FOR FIRST-TIME HOMEOWNERS. TO DATE, FIFTEEN TOWNHOMES HAVE BEEN SOLD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Claire Davis Secretary & Director | OfficerTrustee | 40 | $197,162 |
Beverly Willis Senior Asset Manager | 10 | $121,199 | |
Steve Yeatman Treasurer & CFO | OfficerTrustee | 1 | $0 |
Susan Cunningham Interim President | OfficerTrustee | 1 | $0 |
Walter Webdale President Until 05/21 | OfficerTrustee | 1 | $0 |
Scott Kashnow Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acadia Builders Llc Construction/repairs | 12/30/15 | $210,000 |
Irene Sarakinis-sarakinis Construct Construction/repairs | 12/30/15 | $103,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $287,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,439 |
| Total Program Service Revenue | $2,309,351 |
| Investment income | $9,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$143,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,608,258 |
| 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. | $219,553 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $556,588 |
| Pension plan accruals and contributions | $38,087 |
| Other employee benefits | $37,472 |
| Payroll taxes | $55,096 |
| Fees for services: Management | $56,242 |
| Fees for services: Legal | $16,829 |
| Fees for services: Accounting | $56,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,087 |
| Office expenses | $34,473 |
| Information technology | $24,206 |
| Royalties | $0 |
| Occupancy | $53,736 |
| Travel | $932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,192 |
| Insurance | $911 |
| All other expenses | $12,687 |
| Total functional expenses | $1,423,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $894,044 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,038,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,773,433 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,146,484 |
| Intangible assets | $0 |
| Other assets | $1,450,270 |
| Total assets | $13,338,300 |
| Accounts payable and accrued expenses | $269,585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,500,000 |
| Total liabilities | $8,769,585 |
| Net assets without donor restrictions | $4,568,715 |
| 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 | $13,338,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Baltimore Ahc Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: EMERGENCY ACTION FOR RESIDENTS & PARTNERS STABILITY | $25,000 |
National Lutheran Inc Frederick, MD PURPOSE: HEALTH, EDUCATION, STABLE HOUSING AND SOCIALIZATION PROGRAM FOR LOW INCOME SENIORS AT MONTEVERDE HOUSING, WITH AN INCREASED FOCUS ON PROVIDING TECHNOLOGY REQUIRED TO FACILATE PROGRAMING VIRTUALLY. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
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 |