Empire Homes Of Maryland Inc
- Assets
- $11.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Baltimore, MD
- Founding
- 03/2007
- Data as of
- 06/2020
- EIN
- 20-3521473
Organization Overview
Empire Homes Of Maryland Inc is located in Baltimore, MD. The organization was established in 2007. 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 06/2020, Empire Homes Of Maryland Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empire Homes Of Maryland 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 06/2020, Empire Homes Of Maryland Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP, MANAGE, AND MAINTAIN AFFORDABLE RESIDENTIAL PROPERTIES FOR LOW-INCOME PEOPLE AND THOSE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPIRE HOMES OF MARYLAND IS A NON-PROFIT MANAGER OF HOUSING FOR DISABLED AND/OR LOW-INCOME INDIVIDUALS.
EMPIRE HOMES OF MARYLAND IS A NON-PROFIT MANAGER OF HOUSING FOR DISABLED AND/OR LOW-INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Channa Williams Board Chair | OfficerTrustee | 0.5 | $0 |
Alice Cole Secretary | OfficerTrustee | 0.5 | $0 |
Ernestina Alexander Secretary | Officer | 24 | $0 |
Surbhi Seth Accounting Manager | Officer | 26 | $0 |
Anthony I Butler President/ceo | Officer | 6 | $0 |
Jasmine Richardson Assistant VP | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,418,139 |
| Investment income | $1,675 |
| 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 | $1,933,562 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $310,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,598 |
| Payroll taxes | $46,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,267 |
| Travel | $5,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,763 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,670,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $308,511 |
| Accounts receivable, net | $294,487 |
| 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 | $2,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,403,319 |
| Total assets | $11,401,349 |
| Accounts payable and accrued expenses | $102,071 |
| 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 | $2,522,264 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $511,205 |
| Total liabilities | $3,135,540 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,265,809 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Empire Homes Of Maryland Inc has recieved totaling $4,257,690.
| Awarding Organization | Amount |
|---|---|
Aids Interfaith Residental Services Baltimore, MD PURPOSE: SUPPORTIVE HOUSING | $2,118,845 |
Aids Interfaith Residental Services Baltimore, MD PURPOSE: SUPPORTIVE HOUSING | $2,118,845 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Milford Housing Development Corperation Milford, DE | $34,677,401 | $10,337,525 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
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 |
Terrific Inc Washington, DC | $2,887,990 | $4,125,809 |
Dc Doors Washington, DC | $1,166,069 | $3,507,124 |