Manna Inc
- Assets
- $18.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Washington, DC
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 52-1260698
Organization Overview
Manna Inc is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Manna Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manna 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 12/2023, Manna Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 9 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANNA'S MISSION IS TO OFFER AND ADVOCATE FOR QUALITY, EQUITABLE, SAFE AND SUSTAINABLE HOUSING BY PRESERVING AND CREATING AFFORDABLE FOR-SALE AND RENTAL HOUSING AND PROVIDE PATHWAYS FOR LONG-TERM HOMEOWNERSHIP. MANNA'S EXPANDED REAL ESTATE PORTFOLIO INCLUDES OVER 300 EXISTING AFFORDABLE UNITS THAT ARE PLANNED FOR RECAPITALIZATION AND RENOVATION, AND OVER 215,000 SQUARE FEET OF HOUSING TO BE NEWLY CONSTRUCTED. OVERCOMING BARRIERS IN ACCESS TO HOMEOWNERSHIP, MANNA HAS ACQUIRED LAND TO DEVELOP 30 CONDOMINIUM UNITS TO BE SOLD AT AFFORDABLE PRICE POINTS TO LOW- AND MODERATE-INCOME PURCHASERS.
MANNA PROVIDES LOW-COST, AND HIGH-QUALITY HOME BUYER EDUCATION WITH PEER SUPPORT THROUGH INDIVIDUAL COUNSELING, GROUP CLASSES, WORKSHOPS, AND MONTHLY MEETINGS. IN 2021, MANNA EXPANDED ITS GEOGRAPHIC REACH TO PRINCE GEORGES COUNTY, AND EXPANDED ITS SERVICE-DELIVERY MODEL AS AN INTAKE CENTER FOR THE HOUSING PURCHASE ASSISTANCE PROGRAM THAT OFFERS DOWN PAYMENT ASSISTANCE TO FIRST-TIME HOME PURCHASERS IN WASHINGTON DC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Goliber Director | Trustee | 2 | $0 |
Chris Earley Director | Trustee | 2 | $0 |
Gregory Melanson Director | Trustee | 2 | $0 |
James Griffin Jr Treasurer | OfficerTrustee | 2 | $0 |
James M Dickerson Founder And Director | OfficerTrustee | 2 | $3,036 |
Julian Peters Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imperial Contractor Associates | 12/30/15 | $0 |
Northeast Iron Works | 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,222,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $856,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,078,566 |
| Total Program Service Revenue | $105,121 |
| Investment income | $275,617 |
| 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 | $2,459,304 |
| 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. | $570,540 |
| Compensation of current officers, directors, key employees. | $218,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,441,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,937 |
| Payroll taxes | $144,995 |
| Fees for services: Management | $26,165 |
| Fees for services: Legal | $241,575 |
| Fees for services: Accounting | $206,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,115 |
| Advertising and promotion | $13,436 |
| Office expenses | $80,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,340 |
| Interest | $28,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,998 |
| Insurance | $63,551 |
| All other expenses | $510,221 |
| Total functional expenses | $3,960,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $6,255,899 |
| Pledges and grants receivable | $139,486 |
| Accounts receivable, net | $320,778 |
| Loans from Officers, Directors, or Controlling Persons | $20,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,465,125 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,761 |
| Net Land, buildings, and equipment | $280,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $453,056 |
| Other assets | $7,647,292 |
| Total assets | $18,593,206 |
| Accounts payable and accrued expenses | $532,414 |
| Grants payable | $0 |
| Deferred revenue | $146,829 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $63,601 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $5,459,318 |
| Other liabilities | $1,273,333 |
| Total liabilities | $7,475,495 |
| Net assets without donor restrictions | $10,388,800 |
| Net assets with donor restrictions | $728,911 |
| 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 | $18,593,206 |