Byron House Inc
- Assets
- $3.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 52-1901039
Organization Overview
Byron House Inc is located in Rockville, MD. The organization was established in 1946. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Byron House 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, Byron House Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline R Smedley Vice President | OfficerTrustee | 1 | $0 |
Sarah O'rielly Secretary | OfficerTrustee | 1 | $0 |
Michelle M Limeres Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Blackwell Asst Secretary | OfficerTrustee | 1 | $0 |
James Pope Director (as Of 1/1/23) | Trustee | 0.5 | $0 |
Michael Gill Director (as Of 1/1/24) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,574 |
| Total Program Service Revenue | $1,277,128 |
| Investment income | $2,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,291,479 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $545,133 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,702 |
| Advertising and promotion | $6,054 |
| Office expenses | $22,341 |
| Information technology | $1,260 |
| Royalties | $0 |
| Occupancy | $87,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,718 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,306,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,695 |
| Savings and temporary cash investments | $111,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,635 |
| 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 | $2,274 |
| Net Land, buildings, and equipment | $2,527,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,320 |
| Other assets | $403,272 |
| Total assets | $3,441,653 |
| Accounts payable and accrued expenses | $237,666 |
| Grants payable | $0 |
| Deferred revenue | $15,155 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $234,061 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,503,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,990,051 |
| Net assets without donor restrictions | $1,451,602 |
| 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 | $3,441,653 |