Arundel Community Development Services Inc
- Assets
- $37.5m
- Revenue
- $56.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Annapolis, MD
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 52-1817557
Organization Overview
Arundel Community Development Services Inc is located in Annapolis, MD. The organization was established in 1994. 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 06/2022, Arundel Community Development Services Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arundel Community Development Services 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 06/2022, Arundel Community Development Services Inc generated $56.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $55.6m during the year ending 06/2022. While expenses have increased by 27.7% 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.
Since 2015, Arundel Community Development Services Inc has awarded 179 individual grants totaling $50,717,649. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER, PLAN AND IMPLEMENT HOUSING AND COMMUNITY DEVELOPMENT ACTIVITIES PRINCIPALLY BENEFITTING LOW TO MODERATE INCOME RESIDENTS OF THE THE STATE OF MARYLAND, ESPECIALLY ANNE ARUNDEL COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER, PLAN AND IMPLEMENT HOUSING AND COMMUNITY DEVELOPMENT ACTIVITIES PRINCIPALLY BENEFITING LOW TO MODERATE INCOME RESIDENTS OF THE STATE OF MARYLAND ESPECIALLY ANNE ARUNDEL COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen M Koch Executive Director, Former | 40 | $239,422 | |
Asha Smith At Large Director | Trustee | 1 | $0 |
Nathan Betnum At Large Director | Trustee | 1 | $0 |
Erin Karpewicz Chief Executive Officer | Officer | 40 | $114,519 |
William Gibbons Project Director | 40 | $101,877 | |
James Sylvester Chief Operating Officer | Officer | 40 | $162,886 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Towson Mechanical Inc Construction Contractor | 6/29/22 | $5,205,639 |
Garrison Contractor Inc Construction Contractor | 6/29/22 | $275,564 |
Unisource Services Construction Contractor | 6/29/22 | $256,245 |
Murphy & Dittenhafer Inc Construction Contractor | 6/29/22 | $188,800 |
Service All Inc Construction Contractor | 6/29/22 | $202,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,272,577 |
| 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 | $54,272,577 |
| Total Program Service Revenue | $1,756,235 |
| Investment income | $2,624 |
| 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 | $56,031,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,928,064 |
| 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. | $985,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,183,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,815 |
| Fees for services: Legal | $13,375 |
| Fees for services: Accounting | $40,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,284 |
| Advertising and promotion | $12,447 |
| Office expenses | $126,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,146,031 |
| Travel | $30,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $444,128 |
| Insurance | $83,037 |
| All other expenses | $1,078,044 |
| Total functional expenses | $55,620,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,799,438 |
| Savings and temporary cash investments | $426,257 |
| Pledges and grants receivable | $4,917,069 |
| Accounts receivable, net | $9,031,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $324,622 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,869 |
| Net Land, buildings, and equipment | $60,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,065,764 |
| Intangible assets | $0 |
| Other assets | $838,161 |
| Total assets | $37,517,619 |
| Accounts payable and accrued expenses | $5,184,000 |
| Grants payable | $0 |
| Deferred revenue | $26,149,922 |
| 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 | $492,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $171,997 |
| Total liabilities | $31,998,327 |
| Net assets without donor restrictions | $5,519,292 |
| 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 | $37,517,619 |
Grants Awarded
Over the last fiscal year, Arundel Community Development Services Inc has awarded $16,990,838 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING COMMISSION OF AACO PURPOSE: PROVIDE HOUSING FOR HOMELESS | $886,900 |
ASSOCIATED CATHOLIC CHARITIES PURPOSE: PROVIDE HOUSING AND MENTAL HEALTH SERVICES | $564,062 |
ARUNDEL HOUSE OF HOPE PURPOSE: PROVIDE HOUSING AND MENTAL HEALTH SERVICES | $1,043,465 |
AA COUNTY MENTAL HEALTH AGENY PURPOSE: PROVIDE HOUSING AND MENTAL HEALTH SERVICES | $573,996 |
YWCA OF ANNAPOLIS & ANNE ARUNDEL COUNTY PURPOSE: PROVIDE DOMESTIC VIOLENCE PROGRAMS | $49,527 |
THE LIGHT HOUSE INC PURPOSE: PROVIDE TRANSITIONAL HOUSING SERVICES | $1,206,500 |