Georgetown Apartments Inc
- Assets
- $396.4k
- Revenue
- $66.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 52-1952713
Organization Overview
Georgetown Apartments Inc is located in Frederick, MD. The organization was established in 1996. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Georgetown Apartments 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, Georgetown Apartments Inc generated $66.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $85.8k during the year ending 06/2022. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED IN ACCORDANCE WITH EXEMPT PURPOSE
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 |
|---|---|---|---|
Jeff Richardson Treasurer | OfficerTrustee | 0.15 | $0 |
Robert Hall Vice Preside | OfficerTrustee | 0.15 | $0 |
David Weiss Secretary | OfficerTrustee | 0.15 | $0 |
Sarah Norman President | OfficerTrustee | 0.15 | $0 |
Claire Dennis-Tukpah Director | Trustee | 0.15 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $66,238 |
| Investment income | $4 |
| 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 | $66,242 |
| 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 | $5,604 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $52 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,525 |
| 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 | $24,246 |
| Insurance | $2,985 |
| All other expenses | $0 |
| Total functional expenses | $85,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $321 |
| 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 | $0 |
| Net Land, buildings, and equipment | $340,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,688 |
| Total assets | $396,376 |
| Accounts payable and accrued expenses | $7,839 |
| 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 | $620,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,274 |
| Total liabilities | $629,413 |
| Net assets without donor restrictions | -$286,512 |
| Net assets with donor restrictions | $53,475 |
| 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 | $396,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Habitat For Humanity Of The Chesapeake Inc Baltimore, MD | $24,324,066 | $8,169,233 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Chisom Housing Group Washington, DC | $40,133,226 | $15,487,472 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Lgarpa Corp Turtle Creek, PA | $11,929,864 | $9,395,264 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
Wesley Housing Development Corporation Of Northern Virginia Alexandria, VA | $44,230,535 | $12,100,793 |
Habitat For Humanity International Inc Wilmington, DE | $10,048,891 | $7,048,193 |
Chemung View Housing Inc North Bethesda, MD | $48,659,010 | $8,326,428 |
Habitat For Humanity International Inc Richmond, VA | $16,536,878 | $11,681,455 |