American Village Communities Inc
- Assets
- $14.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 52-1822533
Organization Overview
American Village Communities Inc is located in Fairfax, VA. The organization was established in 1993. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Village Communities 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 12/2022, American Village Communities Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Baber President/director | OfficerTrustee | 4 | $0 |
Margaret P Bessette Director & Secretary/treas | OfficerTrustee | 2 | $0 |
Kathy Guy Director | Trustee | 0.8 | $0 |
Katherine Kalinowski Vice Pres/director | OfficerTrustee | 4 | $0 |
George S Tyler IV Director | Trustee | 0.8 | $0 |
Alicia A Terry Director | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,881 |
| 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 | $65,881 |
| Total Program Service Revenue | $3,707,340 |
| Investment income | $17,039 |
| 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 | $3,809,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| 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 | $405,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,771 |
| Payroll taxes | $61,604 |
| Fees for services: Management | $184,148 |
| Fees for services: Legal | $943 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,721 |
| Office expenses | $32,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,133,871 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568,454 |
| Insurance | $0 |
| All other expenses | $110,939 |
| Total functional expenses | $3,249,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,107 |
| Savings and temporary cash investments | $4,181,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,215 |
| 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 | $278,677 |
| Net Land, buildings, and equipment | $8,840,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,990,418 |
| Accounts payable and accrued expenses | $232,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,888,242 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,278 |
| Total liabilities | $8,203,109 |
| Net assets without donor restrictions | $5,787,309 |
| 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 | $13,990,418 |
Grants Awarded
Over the last fiscal year, American Village Communities Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASONIC HOME OF VIRGINIA PURPOSE: TO ASSIST THE ORGANIZATION WITH THEIR CHARITABLE OPERATIONS. | $10,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: TO ASSIST THE ORGANIZATION WITH THEIR CHARITABLE OPERATIONS. | $100,000 |