Overlea Homes Inc
- Assets
- $420.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 05/2001
- Data as of
- 06/2022
- EIN
- 52-2305067
Organization Overview
Overlea Homes Inc is located in Baltimore, MD. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlea Homes 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, Overlea Homes Inc generated $108.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $126.2k during the year ending 06/2022. While expenses have increased by 0.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OVERLEA HOMES, INC. IS A MARYLAND CORPORATION ORGANIZED IN MARCH 2001 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSIST OF 12 UNITS LOCATED IN BALTIMORE, MARYLAND FOR PERSONS WITH DISABILITIES. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chamberlain Diala Chairman | 0.5 | $0 | |
Kevin Greoski Treasurer | 0.5 | $0 | |
Dale Meyer President/ceo | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,832 |
| Total Program Service Revenue | $17,346 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,181 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,913 |
| Occupancy, rent, utilities, and maintenance | $90,575 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,692 |
| Total expenses | $126,180 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,314 |
| Other assets | $0 |
| Total assets | $420,032 |
| Total liabilities | $513,723 |
| Net assets or fund balances | -$93,691 |