Homes For Mcconnellsburg Inc
- Assets
- $976.9k
- Revenue
- $186.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 11/2001
- Data as of
- 03/2023
- EIN
- 52-2335700
Organization Overview
Homes For Mcconnellsburg Inc is located in Annapolis, MD. The organization was established in 2001. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Homes For Mcconnellsburg 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 03/2023, Homes For Mcconnellsburg Inc generated $186.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $228.7k during the year ending 03/2023. While expenses have increased by 4.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOMES FOR MCCONNELLSBURG, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND OPERATING A FACILITY FOR LOW-INCOME ELDERLY PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
17 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TO HOUSING, INCLUDE A COMMUNITY NUTRITIONAL PROGRAM WITH MONTHLY MEALS, PRODUCE DELIVERY, WEEKLY BREAD DELIVERY, DAILY MEALS ON WHEELS DELIVERY, MONTHLY NON-PERISHABLE FOOD BOX PROGRAM, WELLNESS EDUCATION, HEALTH PROGRAMS WITH A MONTHLY VISITING NURSE, AN ON-SITE MOBILE LIBRARY AND A RESIDENT COMPUTER. A VARIETY OF SOCIAL PROGRAMS ARE PROVIDED, WHICH INCLUDE BINGO, MONTHLY SINGING ENTERTAINMENT, SOCIALS FOR THE VARIOUS HOLIDAYS AND TRANSPORTATION TO THE LOCAL MCCONNELLSBURG SENIOR CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa J Yaffe Secretary/treasurer & Director | OfficerTrustee | 0.25 | $0 |
Charles L Edson Thru 7-26-22 Director | Trustee | 0.25 | $0 |
Cathy Wallick Director | Trustee | 0.25 | $0 |
Dana Johnson Vice President & Director | OfficerTrustee | 0.25 | $0 |
Jeffrey R Stern Director | Trustee | 0.5 | $0 |
Eric Brown Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,113 |
| 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 | $10,113 |
| Total Program Service Revenue | $176,265 |
| Investment income | $57 |
| 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 | $186,435 |
| 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 | $9,292 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,090 |
| Office expenses | $12,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $42,521 |
| Insurance | $6,143 |
| All other expenses | $598 |
| Total functional expenses | $228,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 | $5,724 |
| Net Land, buildings, and equipment | $927,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,571 |
| Total assets | $976,888 |
| Accounts payable and accrued expenses | $22,883 |
| 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 | $1,535,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,866 |
| Total liabilities | $1,573,949 |
| Net assets without donor restrictions | -$597,061 |
| 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 | $976,888 |