Second Saint Marys Housing Corporation
- Assets
- $2.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 51-0220688
Organization Overview
Second Saint Marys Housing Corporation is located in Bethesda, MD. The organization was established in 1978. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Second Saint Marys Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Second Saint Marys Housing Corporation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF 129 APARTMENTS TO LOW INCOME ELDERLY PERSONS MEETING REQUIREMENTS SPECIFIED BY HUD UNDER SECTION 8 OF THE U.S. HOUSING ACT OF 1937.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF 129 APARTMENTS TO LOW INCOME ELDERLY PERSON MEETING REQUIREMENTS SPECIFIED BY HUD UNDER SECTION 8 OF THE U.S. HOUSING ACT OF 1937.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin White Pres 1/1-12/31/21 | OfficerTrustee | 0.5 | $0 |
Brant Baber Secretary 1/1-12/31/21 | OfficerTrustee | 0.5 | $0 |
Charles Wilson Treasurer 1/1-12/31/21 | OfficerTrustee | 0.5 | $0 |
Father Daniel Spychala Director 1/1-12/31/21 | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,599,668 |
| Investment income | $384 |
| 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 | $1,600,052 |
| 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 | $398,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,141 |
| Payroll taxes | $62,395 |
| Fees for services: Management | $87,725 |
| Fees for services: Legal | $867 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,125 |
| Advertising and promotion | $3,086 |
| Office expenses | $27,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $536,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,344 |
| Insurance | $0 |
| All other expenses | $4 |
| Total functional expenses | $1,343,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,099 |
| 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 | $25,924 |
| Net Land, buildings, and equipment | $1,042,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,023,473 |
| Intangible assets | $0 |
| Other assets | $73,096 |
| Total assets | $2,256,116 |
| Accounts payable and accrued expenses | $147,874 |
| Grants payable | $0 |
| Deferred revenue | $3,546 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,701 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,134,668 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,325,789 |
| Net assets without donor restrictions | -$69,673 |
| 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 | $2,256,116 |
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Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |