Homes For Laurel Ii Inc
- Assets
- $1.4m
- Revenue
- $169.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 03/2005
- Data as of
- 03/2023
- EIN
- 36-4569310
Organization Overview
Homes For Laurel Ii Inc is located in Annapolis, MD. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For Laurel Ii 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 Laurel Ii Inc generated $169.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $217.0k during the year ending 03/2023. While expenses have increased by 0.0% 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
PLEASE SEE SCHEDULE OENTITY WAS FORMED FOR THE PURPOSE OF RENTING AND MAINTAINING INDEPENDENT LIVING AFFORDABLE, SAFE AND SOUND HOUSING WITH SERVICES TO SENIOR CITIZENS OF LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
20 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TO HOUSING, INCLUDE BIWEEKLY CONTINENTAL BREAKFAST, MOBILE GROCERY STORE, MEALS ON WHEELS, DELAWARE FOOD BANK, ON-SITE BUS STOP, COMPUTER LAB, FLU SHOT CLINIC, DIABETIC WORKSHOPS, WELLNESS EDUCATION OPPORTUNITIES, WALKING CLUB, READING CLUB, AND LENDING LIBRARY. A VARIETY OF SOCIAL PROGRAMS ARE ALSO PROVIDED, WHICH INCLUDE BINGO, SEASONAL LUNCHEONS, BRUNCHES, AND COOKOUTS, EXERCISE INSTRUCTION, AND TRANSPORTATION TO THE LAUREL SENIOR CENTER MONDAY THROUGH FRIDAY. REGULAR RESIDENT MEETINGS TO HELP MONITOR ACTIVITIES AND SERVICES ARE HELD.
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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 |
Diane Clyde Thru 12-14-22 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 |
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 | $169,568 |
| Investment income | $85 |
| 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 | $169,653 |
| 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 | $12,298 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99 |
| Advertising and promotion | $2,459 |
| Office expenses | $6,919 |
| 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 | $45,459 |
| Insurance | $5,450 |
| All other expenses | $0 |
| Total functional expenses | $217,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82 |
| 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 | $8,834 |
| Net Land, buildings, and equipment | $1,134,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,297 |
| Total assets | $1,395,644 |
| Accounts payable and accrued expenses | $20,811 |
| Grants payable | $0 |
| Deferred revenue | $846 |
| 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 | $1,865,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,996 |
| Total liabilities | $1,893,753 |
| Net assets without donor restrictions | -$498,109 |
| 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 | $1,395,644 |