St Ambrose Housing Aid Center Inc
- Assets
- $12.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 56
- Location
- Baltimore, MD
- Founding
- 07/1992
- Data as of
- 06/2021
- EIN
- 52-1729460
Organization Overview
St Ambrose Housing Aid Center Inc is located in Baltimore, MD. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, St Ambrose Housing Aid Center Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Ambrose Housing Aid Center 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 06/2021, St Ambrose Housing Aid Center Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AFFORDABLE HOUSING FOR INDIVIDUALS WITH LIMITED FINANCIAL RESOURCES LOCATED IN BALTIMORE CITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL SERVICES PROGRAM - ST. AMBROSE HOUSING AID CENTER, INC.'S RENTAL SERVICES PROGRAM IS DEDICATED TO PROVIDING AFFORDABLE HOUSING TO LOW-MODERATE INCOME INDIVIDUALS AND FAMILIES, AND TO THOSE WITH SPECIAL NEEDS, IN BALTIMORE, MARYLAND.
HOUSING COUNSELING PROGRAM - ST. AMBROSE HOUSING AID CENTER, INC. OFFERS HOMEOWNERSHIP COUNSELING FOR FIRST-TIME HOMEBUYERS, FORECLOSURE PREVENTION COUNSELING, AND FINANCIAL COACHING.
HOMESHARING PROGRAM - ST. AMBROSE HOUSING AID CENTER, INC. OFFERS HOMESHARING OPPORTUNITIES TO SOMEONE LOOKING FOR AN AFFORDABLE ROOM TO RENT. ST. AMBROSE HOMESHARING MATCHES THESE TWO PARTIES BASED ON VARIOUS LEVELS OF COMPATIBILITY.LEGAL SERVICES PROGRAM - THE LEGAL SERVICES PROGRAM AT ST. AMBROSE HOUSING AID CENTER PROVIDES VARIOUS HOUSING RELATED LEGAL SERVICES TO LOWER INCOME BALTIMORE-AREA RESIDENTS. HOUSING DEVELOPMENT PROGRAM - THIS PROGRAM IS DEDICATED TO RESTORING AND STRENGTHENING NEIGHBORHOODS THROUGHOUT BALTIMORE CITY BY PURCHASING FORECLOSED PROPERTIES, RENOVATING THEM TO TOP MARKET STANDARDS, AND SELLING THESE BEAUTIFUL HOMES TO HAPPY HOMEOWNERS.
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 |
|---|---|---|---|
Gerard Joab President | Officer | 40 | $147,053 |
Jill Johnston Secretary | Officer | 40 | $85,561 |
Leah Mason-Grant Vice President | Officer | 40 | $69,874 |
John Roberts Chairperson | Trustee | 1 | $0 |
Robert Aydukovic Vice Chairperson | Trustee | 1 | $0 |
David Wells Jr Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,237,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,501,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,738,820 |
| Total Program Service Revenue | $1,194,900 |
| Investment income | $36,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $284,706 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,785,589 |
| 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 | $302,488 |
| Other salaries and wages | $1,460,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,494 |
| Payroll taxes | $133,713 |
| Fees for services: Management | $11,513 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $330,596 |
| Advertising and promotion | $0 |
| Office expenses | $125,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $811,504 |
| Travel | $2,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,303 |
| Interest | $9,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,749 |
| Insurance | $24,190 |
| All other expenses | $406 |
| Total functional expenses | $3,887,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $450,344 |
| Accounts receivable, net | $155,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,798,324 |
| Inventories for sale or use | $359,432 |
| Prepaid expenses and deferred charges | $148,376 |
| Net Land, buildings, and equipment | $4,210,016 |
| Investments—publicly traded securities | $1,962,361 |
| Investments—other securities | $0 |
| Investments—program-related | $1,825,308 |
| Intangible assets | $0 |
| Other assets | $1,288,614 |
| Total assets | $12,795,429 |
| Accounts payable and accrued expenses | $340,873 |
| Grants payable | $0 |
| Deferred revenue | $433,484 |
| 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 | $4,993,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,685 |
| Total liabilities | $5,859,812 |
| Net assets without donor restrictions | $5,613,562 |
| Net assets with donor restrictions | $1,322,055 |
| 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 | $12,795,429 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that St Ambrose Housing Aid Center Inc has recieved totaling $812,252.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE HOUSING UPGRADES TO BENEFIT SENIORS PROJECT, WHICH WILL PROVIDE HOME MODIFICATION AND COMPREHENSIVE SERVICES TO 915 OLDER ADULT HOUSEHOLDS IN BALTIMORE CITY. | $300,000 |
Baltimore Equitable Insurance Foundation Inc Baltimore, MD PURPOSE: STRENGTHENING NEIGHBORHOODS | $100,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE HOUSING UPGRADES TO BENEFIT SENIORS PROJECT, WHICH WILL PROVIDE HOME MODIFICATION AND COMPREHENSIVE SERVICES TO 915 OLDER ADULT HOUSEHOLDS IN BALTIMORE CITY. | $100,000 |
Maryland Legal Services Corp Baltimore, MD PURPOSE: GENERAL SUPPORT | $89,310 |
The Housing Partnership Network Inc Boston, MA PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $50,912 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $50,000 |
Endowment Analysis
| Beg. Balance | $1,350,230 |
| Earnings | $331,741 |
| Admin Expense | $65,016 |
| Ending Balance | $1,616,955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |