American Village Communities Inc
- Assets
- $13.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 52-1822533
Organization Overview
American Village Communities Inc is located in Fairfax, VA. The organization was established in 1993. 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 a subordinate organization within an affiliated group for tax-exemption purposes. American Village Communities 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, American Village Communities Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. 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
PROVIDES AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret P Bessette Director & Secretary/treas | OfficerTrustee | 2 | $0 |
Brant Baber President/director | OfficerTrustee | 4 | $0 |
Katherine Kalinowski Vice Pres/director | OfficerTrustee | 4 | $0 |
Kathy Guy Director | Trustee | 0.8 | $0 |
George S Tyler IV Director | Trustee | 0.8 | $0 |
Alicia A Terry Director | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,811 |
| 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 | $84,811 |
| Total Program Service Revenue | $3,656,634 |
| Investment income | $16,104 |
| 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 | $3,852,504 |
| 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 | $383,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,850 |
| Payroll taxes | $59,627 |
| Fees for services: Management | $181,773 |
| Fees for services: Legal | $745 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,644 |
| Office expenses | $30,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,184,634 |
| 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 | $588,461 |
| Insurance | $0 |
| All other expenses | $136,775 |
| Total functional expenses | $3,231,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,884,625 |
| Savings and temporary cash investments | $2,308,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,981 |
| 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 | $212,319 |
| Net Land, buildings, and equipment | $9,275,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,874,987 |
| Accounts payable and accrued expenses | $247,749 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,293,302 |
| 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 | $81,524 |
| Total liabilities | $8,622,575 |
| Net assets without donor restrictions | $5,252,412 |
| 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 | $13,874,987 |
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|---|---|---|
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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 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |