Greater Baltimore Ahc Inc
- Assets
- $12.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Arlington, VA
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 33-1084573
Organization Overview
Greater Baltimore Ahc Inc is located in Arlington, VA. The organization was established in 2011. 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 12/2023, Greater Baltimore Ahc Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Baltimore Ahc 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 12/2023, Greater Baltimore Ahc Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. 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
TO BUILD, PRESERVE AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIFAMILY HOUSING DEVELOPMENT - GREATER BALTIMORE AHC, INC. (AHC-GB) TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC-GB CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIRS THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. FOUNDED IN 2004, THE GROWING PORTFOLIO OF 11 MULTIFAMILY COMMUNITIES PROVIDES OVER 2,100 APARTMENT AND TOWNHOME HOMES TO LOW-INCOME AND EXTREMELY LOW-INCOME RESIDENTS OF BALTIMORE CITY, BALTIMORE COUNTY, AND SUBURBAN MARYLAND. AHC-GB IS A SUBSIDIARY OF NONPROFIT AFFORDABLE HOUSING DEVELOPER AHC INC., BASED IN ARLINGTON, VA.
RESIDENT SERVICES - GREATER BALTIMORE AHC, INC.'S (AHC-GB) NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING. AHC-GB'S COMMUNITY RELATIONS (CR) PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY ENGAGEMENT SERVICES THAT ADVANCE THEIR MISSION AND CONTRIBUTE TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC-GB IS COMMITTED TO ADVANCING DIVERSITY, EQUITY AND INCLUSION, SEEKING RESIDENT INPUT, AND ELEVATING RESIDENT AGENCY IN ALL WE DO.
HOME OWNERSHIP - GREATER BALTIMORE AHC, INC. (AHC-GB) PURCHASED AND REHABILITATED 16 SINGLE FAMILY TOWNHOMES IN THE PARK HEIGHTS NEIGHBORHOOD TO PROMOTE NEIGHBORHOOD REVITALIZATION FOR FIRST-TIME HOMEOWNERS. TO DATE, FIFTEEN TOWNHOMES HAVE BEEN SOLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Bernard President & CEO | OfficerTrustee | 8 | $0 |
Steve Yeatman Treasurer & CFO | OfficerTrustee | 1 | $0 |
Mary Claire Davis Secretary & Vice President | OfficerTrustee | 40 | $229,743 |
Scott Kashnow Board Member | Trustee | 1 | $0 |
Brenda Harney Board Member | Trustee | 1 | $0 |
Kerina Spencer Development Manager | 40 | $120,903 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acadia Builders Llc Construction/repairs | 12/30/15 | $210,000 |
Irene Sarakinis-sarakinis Construct Construction/repairs | 12/30/15 | $103,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $186,481 |
| Government grants | $48,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,595 |
| Total Program Service Revenue | $794,697 |
| Investment income | $8,617 |
| 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 | $1,037,913 |
| 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. | $253,744 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,329 |
| Pension plan accruals and contributions | $32,948 |
| Other employee benefits | $46,232 |
| Payroll taxes | $64,640 |
| Fees for services: Management | $15,614 |
| Fees for services: Legal | $15,122 |
| Fees for services: Accounting | $61,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,742 |
| Office expenses | $17,195 |
| Information technology | $22,916 |
| Royalties | $0 |
| Occupancy | $61,370 |
| Travel | $1,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,794 |
| Insurance | $1,390 |
| All other expenses | $28,491 |
| Total functional expenses | $1,559,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,139,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,707,650 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,162,177 |
| Intangible assets | $0 |
| Other assets | $2,078,788 |
| Total assets | $12,820,209 |
| Accounts payable and accrued expenses | $151,720 |
| 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 | $8,659,931 |
| Total liabilities | $8,811,651 |
| Net assets without donor restrictions | $4,008,558 |
| 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 | $12,820,209 |