Resident Services Incorporated
- Assets
- $125.3k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Baltimore, MD
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-1599249
Organization Overview
Resident Services Incorporated is located in Baltimore, MD. The organization was established in 2008. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Resident Services Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resident Services Incorporated 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, Resident Services Incorporated generated $226.1k 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 (27.6%) each year. All expenses for the organization totaled $314.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING RESIDENTS ONE PERSON, ONE FAMILY AND ONE COMMUNITY AT A TIME
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR, FACILITATE AND IMPLEMENT SOCIAL SERVICES, EMPLOYMENT TRAINING PROGRAMS, COMMUNITY SERVICE PROEJCTS THAT PROMOTE HEALTH AND SELF-SUFFICIENCY AMONG AND IMPROVES THE QUALITY OF LIFE FOR PUBLIC HOUSING AND OTHER LOW INCOME RESIDENTS OF BALTIMORE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wilson Treasurer/cfo | OfficerTrustee | 2 | $0 |
Monica Watkins COO | OfficerTrustee | 1 | $0 |
Janet Abrahams Director/ceo | OfficerTrustee | 1 | $0 |
Tracey Oliver-Keyser Executive Director | Officer | 4 | $0 |
Candice Jones Board Liaison/legal Assistant | Trustee | 1 | $0 |
Sharon Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,597 |
| Government grants | $173,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,290 |
| Total Program Service Revenue | $1,645 |
| Investment income | $140 |
| 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 | $226,075 |
| 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 | $139,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,537 |
| Payroll taxes | $39,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,257 |
| Advertising and promotion | $0 |
| Office expenses | $85,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,808 |
| Travel | $3,379 |
| 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 | $0 |
| Insurance | $609 |
| All other expenses | $0 |
| Total functional expenses | $314,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,732 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,328 |
| Accounts payable and accrued expenses | $2,907 |
| 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 | $226,842 |
| Total liabilities | $229,749 |
| Net assets without donor restrictions | -$208,805 |
| Net assets with donor restrictions | $104,384 |
| 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 | $125,328 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Resident Services Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |