St Marys Housing Corporation
- Assets
- $55.8m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Bethesda, MD
- Founding
- 12/1976
- Data as of
- 12/2023
- EIN
- 51-0210514
Organization Overview
St Marys Housing Corporation is located in Bethesda, MD. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marys Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, St Marys Housing Corporation generated $9.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 9 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
AFFORDABLE HOUSING AND SERVICES FOR LOW- AND MODERATE-INCOME SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERGREEN HOUSE, 246 RENTAL APARTMENTS FOR VERY LOW-INCOME SENIOR CITIZENS.
WINGLER WEST, LLC, A WHOLLY-OWNED SUBSIDIARY LIMITED LIABILITY COMPANY, OWNS AND OPERATES WINGLER WEST APARTMENTS, 132 RENTAL APARTMENTS FOR LOW- AND MODERATE-INCOME PERSONS IN ASHBURN, VIRGINIA.
PROVIDE DEVELOPMENT FUNDING TO AFFILIATED ENTITIES TO ACQUIRE, CONSTRUCT, RENOVATE, AND/OR MAINTAIN AFFORDABLE RENTAL HOUSING FOR LOW- AND MODERATE-INCOME SENIOR CITIZENS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Wilson Secretary / Treasurer | OfficerTrustee | 0.5 | $0 |
Michael Font Vice President | OfficerTrustee | 0.5 | $0 |
Kevin White President | OfficerTrustee | 0.5 | $0 |
Father Richard Guest Director | Trustee | 0.5 | $0 |
Scott Kline Director | Trustee | 0.5 | $0 |
John Spencer Executive Director | Officer | 40 | $149,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ev-air-tight Llc Building Exterior Waterproofing | 12/30/23 | $430,177 |
Securitas Security Svc Usa Inc Security Guard Services | 12/30/23 | $152,004 |
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 | $7,157,092 |
| Investment income | $666,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,104,379 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,953,003 |
| 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. | $149,760 |
| Compensation of current officers, directors, key employees. | $21,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $874,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,649 |
| Payroll taxes | $133,763 |
| Fees for services: Management | $349,888 |
| Fees for services: Legal | $1,285 |
| Fees for services: Accounting | $53,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,695 |
| Advertising and promotion | $7,507 |
| Office expenses | $177,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,325,248 |
| Travel | $1,601 |
| 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 | $808,523 |
| Insurance | $38,143 |
| All other expenses | $21,580 |
| Total functional expenses | $4,336,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,319,948 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,394 |
| 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 | $195,944 |
| Net Land, buildings, and equipment | $17,735,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,135,938 |
| Intangible assets | $0 |
| Other assets | $1,389,911 |
| Total assets | $55,801,492 |
| Accounts payable and accrued expenses | $214,119 |
| Grants payable | $0 |
| Deferred revenue | $18,003 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $107,210 |
| 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 | $44,660 |
| Total liabilities | $383,992 |
| Net assets without donor restrictions | $55,417,500 |
| 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 | $55,801,492 |