Interfaith Housing Development Corp Of The Maryland Eastern Shore
- Assets
- $5.4m
- Revenue
- $359.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Denton, MD
- Founding
- Data as of
- 12/2017
- EIN
- 52-1648513
Organization Overview
Interfaith Housing Development Corp Of The Maryland Eastern Shore is located in Denton, MD. Interfaith Housing Development Corp Of The Maryland Eastern Shore 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 12/2017, Interfaith Housing Development Corp Of The Maryland Eastern Shore generated $359.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $219.8k during the year ending 12/2017. While expenses have increased by 2.9% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE QUALITY AFFORDABLE HOUSING ON THE EASTERN SHORE AND SOUTHERN MD FOR INDIV. W/ LIMITED INCOME BY WORKING WITH LOCAL COMMUNITIES AS PARTNER, SPONSOR, AND/OR DEVELOPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERFAITH HOUSING DEVELOPMENT CORPORATION OF THE MARYLAND EASTERNSHORE OWNS SIX HOUSING COMPLEXES AVAILABLE FOR LOW-INCOMEINDIVIDUALS. IN ADDITION, DURING THE YEAR, IHDC PROVIDEDCOUNSELING FOR LOW INCOME INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Collison Deputy Director/cfo | Officer | 20 | $78,500 |
Margaret Myers Vice President | OfficerTrustee | 0.5 | $0 |
Laurence Claggett Jr Treasurer | OfficerTrustee | 0.5 | $0 |
Rev Dr P Thomas Mckelvey President | OfficerTrustee | 0.5 | $0 |
Sister Patricia Gamgort Osb Secretary | OfficerTrustee | 0.5 | $0 |
Rev Charles L Brown III Board Member | Trustee | 0.5 | $0 |
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 | $18,629 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,629 |
| Total Program Service Revenue | $53,926 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $286,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,970 |
| 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 | $78,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,403 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,136 |
| Advertising and promotion | $0 |
| Office expenses | $5,350 |
| Information technology | $6,601 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164 |
| Interest | $2,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,830 |
| Insurance | $12,879 |
| All other expenses | $558 |
| Total functional expenses | $219,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,078 |
| Savings and temporary cash investments | $110,982 |
| Pledges and grants receivable | $96,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,092,711 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $88,994 |
| Intangible assets | $0 |
| Other assets | $40,636 |
| Total assets | $5,442,401 |
| Accounts payable and accrued expenses | $113 |
| 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 | $385,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,541 |
| Total liabilities | $497,654 |
| Unrestricted restricted net Assets | $4,944,747 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $4,944,747 |
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