American Village Communities Inc
- Assets
- $11.2m
- Revenue
- $687.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Fairfax, VA
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 54-1614099
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. As of 12/2021, American Village Communities Inc employed 3 individuals. This organization is a parent organization of 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 $687.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $834.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. 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
ASSIST IN AND DIRECTLY SUPPORT PROVIDING HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVC PROVIDES ASSET MANAGEMENT AND PROGRAM SUPPORT SERVICES ON BEHALF OF ITS SUBORDINATE AND/OR SUPPORTED ORGANIZATIONS WHICH ENGAGE IN LOW AND VERY-LOW INCOME HOUSING AND ELDERLY HOUSING PROJECTS. AVC, AS AN IRC SECTION 509(A)(3) SUPPORTING ORGANIZATION, SUPPORTS THESE ORGANIZATIONS IN PROVIDING HOUSING FOR LOW AND VERY-LOW INCOME PERSONS AND ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Baber Pres/sec/treas/dir | OfficerTrustee | 15 | $316,250 |
Katherine Kalinowski Exec. Vice President | Officer | 20 | $212,750 |
John Conrad Director | Trustee | 0.5 | $0 |
Margaret P Bessette Director | Trustee | 0.5 | $0 |
Samuel Carnes Director | Trustee | 0.5 | $0 |
Roger Bowler Director | 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 | $456,000 |
| Investment income | $206,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $687,209 |
| 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. | $540,261 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,456 |
| Payroll taxes | $31,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,993 |
| Fees for services: Other | $2,379 |
| Advertising and promotion | $0 |
| Office expenses | $20,281 |
| Information technology | $9,750 |
| Royalties | $0 |
| Occupancy | $33,391 |
| Travel | $4,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,308 |
| Insurance | $14,794 |
| All other expenses | $0 |
| Total functional expenses | $834,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,493 |
| Savings and temporary cash investments | $164,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,958 |
| 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 | $5,490 |
| Net Land, buildings, and equipment | $28,996 |
| Investments—publicly traded securities | $10,741,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,883 |
| Total assets | $11,229,406 |
| Accounts payable and accrued expenses | $487 |
| 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 | $200,315 |
| Total liabilities | $200,802 |
| Net assets without donor restrictions | $11,028,604 |
| 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 | $11,229,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Renewal Housing Inc North Bethesda, MD | $14,557,789 | $3,551,240 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Washington Housing Conservancy Inc Washington, DC | $420,260,184 | $21,973,797 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |