Asbury Dwellings Inc
- Assets
- $7.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 52-1190661
Organization Overview
Asbury Dwellings Inc is located in Washington, DC. The organization was established in 1980. 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. As of 12/2021, Asbury Dwellings Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury Dwellings 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 12/2021, Asbury Dwellings Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 0.8% 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 SUBSIDIZED HOUSING TO ELDERLY AND CITIZENS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUBSIDIZED HOUSING TO ELDERLY AND CITIZENS WITH DISABILITIES
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 |
|---|---|---|---|
Audrey Drake Vice President | OfficerTrustee | 1.5 | $0 |
Samuel J Boyd Jr President | OfficerTrustee | 1.5 | $0 |
Jacqueline T Richardson Secretary | OfficerTrustee | 1.5 | $0 |
Steve Yearwood President | OfficerTrustee | 0.5 | $0 |
Terri Thompson Mallet Board Member | Trustee | 0.5 | $0 |
Rev Dr James Shopshire Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management Corporation Management Services | 12/30/20 | $186,823 |
A&d Security Consultants Inc Security | 12/30/20 | $175,734 |
Cass Information Systems Inc Utility Bill Management | 12/30/20 | $265,741 |
Capitol Floors Inc Install Flooring | 12/30/20 | $321,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,810,281 |
| 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 | $2,810,281 |
| Total Program Service Revenue | $668,773 |
| Investment income | $4,463 |
| 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 | $3,483,517 |
| 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 | $358,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,680 |
| Payroll taxes | $25,854 |
| Fees for services: Management | $175,000 |
| Fees for services: Legal | $5,786 |
| Fees for services: Accounting | $36,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,139 |
| Office expenses | $34,325 |
| 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 | $472,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $494,929 |
| Insurance | $248,184 |
| All other expenses | $190,522 |
| Total functional expenses | $2,773,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,581 |
| Savings and temporary cash investments | $481,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,835 |
| 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 | $65,915 |
| Net Land, buildings, and equipment | $4,710,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $180,206 |
| Other assets | $1,991,353 |
| Total assets | $7,534,898 |
| Accounts payable and accrued expenses | $778,310 |
| Grants payable | $0 |
| Deferred revenue | $27,041 |
| 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 | $6,983,672 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,713 |
| Total liabilities | $7,829,736 |
| Net assets without donor restrictions | -$294,838 |
| 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 | $7,534,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |
Terrific Inc Washington, DC | $2,887,990 | $4,125,809 |
Dc Doors Washington, DC | $1,166,069 | $3,507,124 |
American Village Communities Inc Fairfax, VA | $15,020,871 | $7,566,152 |
Vacation Rental Management Association Washington, DC | $1,634,927 | $3,875,723 |
St Marys Roland View Towers Inc Baltimore, MD | $3,678,199 | $3,102,266 |
Christ Church Harbor Apt Inc Baltimore, MD | $11,375,374 | $4,194,430 |