Second Saint Marys Housing Corporation
- Assets
- $3.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 51-0220688
Organization Overview
Second Saint Marys Housing Corporation is located in Bethesda, MD. The organization was established in 1978. 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. Second Saint 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 12/2022, Second Saint Marys Housing Corporation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
129 RENTAL APARTMENTS FOR VERY LOW-INCOME SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
129 RENTAL APARTMENTS FOR VERY LOW-INCOME SENIOR CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Baber Secretary | OfficerTrustee | 0.5 | $0 |
Charles Wilson Treasurer | OfficerTrustee | 0.5 | $0 |
Father Daniel Spychala Director | Trustee | 0.5 | $0 |
Kevin White President | OfficerTrustee | 0.5 | $0 |
Scott Kline Director | Trustee | 0.5 | $0 |
Michael Font Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Roofinginc Roofing | 12/30/22 | $346,292 |
Schindler Elevator Corporation Elevator Services | 12/30/22 | $157,373 |
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 | $1,550,173 |
| Investment income | $127 |
| 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 | $1,550,300 |
| 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 | $424,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,003 |
| Payroll taxes | $67,064 |
| Fees for services: Management | $88,202 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,408 |
| Advertising and promotion | $30 |
| Office expenses | $38,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,678 |
| Insurance | $0 |
| All other expenses | $12,769 |
| Total functional expenses | $1,451,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,459 |
| 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 | $163,096 |
| Net Land, buildings, and equipment | $1,563,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,854 |
| Total assets | $3,363,030 |
| Accounts payable and accrued expenses | $99,299 |
| Grants payable | $0 |
| Deferred revenue | $4,013 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $40,864 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,190,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,334,176 |
| Net assets without donor restrictions | $28,854 |
| 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 | $3,363,030 |