Lemko Housing For The Elderly
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $283.4k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 10/1978
- Data as of
- 09/2023
- EIN
- 52-1123365
Organization Overview
Lemko Housing For The Elderly is located in Baltimore, MD. The organization was established in 1978. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Lemko Housing For The Elderly 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 09/2023, Lemko Housing For The Elderly generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR LOW INCOME ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES AFFORDABLE HOUSING FOR THE ELDERLY. THE CORPORATION OWNS AND OPERATES A 110 UNIT APARTMENT BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Branislasv Miladinov President | OfficerTrustee | 20 | $0 |
James Rhodes Secretary | OfficerTrustee | 1 | $0 |
Roman Khoma Secretary | OfficerTrustee | 1 | $0 |
Mark Macek Trustee | Trustee | 1 | $0 |
Darrin Bailey Trustee | Trustee | 1 | $0 |
Jan Varga Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moises Pacheco Maintenance | 9/29/23 | $17,290 |
Matt Junis Junk Removal | 9/29/23 | $8,355 |
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 | $1,474,747 |
| Investment income | $31 |
| 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 | $1,481,130 |
| 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. | $65,427 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,380 |
| Fees for services: Management | $68,460 |
| Fees for services: Legal | $8,326 |
| Fees for services: Accounting | $51,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,679 |
| 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 | $178,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,374 |
| Insurance | $119,703 |
| All other expenses | $119,541 |
| Total functional expenses | $1,358,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,606 |
| 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 | $134,171 |
| Net Land, buildings, and equipment | $374,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $283,395 |
| Investments—program-related | $0 |
| Intangible assets | $206,011 |
| Other assets | $33,295 |
| Total assets | $1,061,306 |
| Accounts payable and accrued expenses | $212,993 |
| 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 | $3,019,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,416 |
| Total liabilities | $3,262,136 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,200,830 |
| Total liabilities and net assets/fund balances | $1,061,306 |