St Marys Court Housing Development Corporation
- Assets
- $13.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1976
- Data as of
- 03/2021
- EIN
- 52-1061448
Organization Overview
St Marys Court Housing Development Corporation is located in Washington, DC. The organization was established in 1976. 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. St Marys Court Housing Development Corporation 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 03/2021, St Marys Court Housing Development Corporation generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.7m during the year ending 03/2021. While expenses have increased by 6.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING AND RELATED RESIDENT SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MARY'S COURT HOUSING DEVELOPMENT CORPORATION WAS CHARTERED ON JUNE 22, 1976 UNDER THE LAWS OF THE DISTRICT OF COLUMBIA TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 140 UNITS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT KNOWN AS ST. MARY'S COURT, IN WHICH LOW-INCOME HOUSING IS PROVIDED TO THE ELDERLY. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald A Perez Pmp President | OfficerTrustee | 0.3 | $0 |
Robert L Jayes MD Vice President | OfficerTrustee | 0.3 | $0 |
Joseph T Howell Secretary | OfficerTrustee | 0.3 | $0 |
Evan S Carmen Treasurer | OfficerTrustee | 0.3 | $0 |
Rasheen Carbin Director | Trustee | 0.3 | $0 |
Janel Doughten Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food | 3/30/23 | $414,633 |
Spm Llc Management | 3/30/23 | $329,201 |
Hann & Hann Inc Construction Services | 3/30/23 | $275,983 |
Dakin Applies Construction Services | 3/30/23 | $159,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,850 |
| Investment income | $21,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,174,024 |
| Statement of Expenses | |
|---|---|
| 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 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 | $110,142 |
| Fees for services: Legal | $87 |
| Fees for services: Accounting | $22,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $179 |
| Office expenses | $50,889 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,246,725 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,262 |
| Insurance | $17,340 |
| All other expenses | $0 |
| Total functional expenses | $3,650,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,115,286 |
| Savings and temporary cash investments | $607,717 |
| Pledges and grants receivable | $0 |
| 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 | $107,533 |
| Investments—publicly traded securities | $7,008,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,020,545 |
| Accounts payable and accrued expenses | $85,046 |
| Grants payable | $0 |
| Deferred revenue | $1,043 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $43,237 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,829,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,958,901 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$938,356 |