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Nonprofiteer
← GREATER BALTIMORE AHC INC

Form 990 for tax year 2024

Filed by GREATER BALTIMORE AHC INC.

Totals

Total revenue
$1,097,185
Total expenses
$1,464,261
Contributions and grants received
$242,189
Grants paid
$0
Program service revenue
$705,957
Investment income
$8,378
Other revenue
$140,661
Total assets, end of year
$13,860,874
Total liabilities, end of year
$10,219,392
Net assets or fund balances, end of year
$3,641,482
Program services expenses (Part IX)
$1,380,091
Management and general expenses
$84,170
Fundraising expenses
$0
Program service expenses (Part III)
$1,380,091

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $182,189

  • 1f · All other contributions, gifts and grants

    $60,000

  • 2a · Program service revenue: FEE INCOME

    total $543,551 · related or exempt $543,551

  • 2b · Program service revenue: NOTES RECEIVABLE INTER

    total $272,153 · related or exempt $272,153

  • 2c · Program service revenue: RENT

    total $13,080 · related or exempt $13,080

  • 2d · Program service revenue: FLOW THROUGH INCOME

    total -$122,827 · related or exempt -$122,827

  • 3 · Investment income

    total $8,378 · excluded $8,378

  • 11a · Other revenue: UBIT TAX REFUND

    total $78,635 · excluded $78,635

  • 11b · Other revenue: 168(H) DISTRIBUTIONS

    total $62,026 · unrelated business $62,026

  • 11e · Other revenue, total

    $140,661

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $257,094 · program services $257,094

  • 7 · Other salaries and wages

    total $639,055 · program services $639,055

  • 8 · Pension plan contributions

    total $54,425 · program services $54,425

  • 9 · Other employee benefits

    total $89,029 · program services $89,029

  • 10 · Payroll taxes

    total $58,722 · program services $58,722

  • 11a · Fees: management

    total $12,973 · program services $12,973

  • 11b · Fees: legal

    total $8,040 · management and general $8,040

  • 11c · Fees: accounting

    total $76,130 · management and general $76,130

  • 12 · Advertising and promotion

    total $1,921 · program services $1,921

  • 13 · Office expenses

    total $33,964 · program services $33,964

  • 14 · Information technology

    total $12,420 · program services $12,420

  • 16 · Occupancy

    total $47,685 · program services $47,685

  • 17 · Travel

    total $1,730 · program services $1,730

  • 19 · Conferences, conventions and meetings

    total $2,918 · program services $2,918

  • 22 · Depreciation, depletion and amortization

    total $14,140 · program services $14,140

  • 23 · Insurance

    total $1,610 · program services $1,610

  • 24a · Other expenses: RESIDENT SERVICES

    total $104,937 · program services $104,937

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $22,636 · program services $22,636

  • 24c · Other expenses: TELEPHONE

    total $17,115 · program services $17,115

  • 24d · Other expenses: MEMBERSHIP DUES/FEES

    total $5,337 · program services $5,337

  • 24e · All other expenses

    total $2,380 · program services $2,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $681,375 · end of year $543,906

  • 4 · Accounts receivable

    beginning of year $2,139,664 · end of year $2,794,830

  • 7 · Other notes and loans receivable

    beginning of year $6,707,650 · end of year $6,707,650

  • 10a · Land, buildings and equipment: cost or other basis

    $299,869

  • 10b · Land, buildings and equipment: accumulated depreciation

    $263,454

  • 10c · Land, buildings and equipment, net

    beginning of year $50,555 · end of year $36,415

  • 13 · Investments: program-related

    beginning of year $1,162,177 · end of year $1,414,369

  • 15 · Other assets

    beginning of year $2,078,788 · end of year $2,363,704

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,720 · end of year $190,268

  • 25 · Other liabilities

    beginning of year $8,659,931 · end of year $10,029,124

  • 27 · Net assets without donor restrictions

    beginning of year $4,008,558 · end of year $3,641,482

Mission and programs · 2024

Mission

GREATER BALTIMORE AHC, INC. DEVELOPS AFFORDABLE HOUSING AND HELPS COMMUNITIES THRIVE. WE PROVIDE A WIDE ARRAY OF SOCIAL SERVICES IN OUR COMMUNITY CENTERS TO HELP RESIDENTS BUILD MORE STABLE AND SUCCESSFUL LIVES.

Activities or mission (Part I)

TO BUILD, PRESERVE AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

  • MULTIFAMILY HOUSING DEVELOPMENT - GREATER BALTIMORE AHC, INC. (AHC-GB) TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC-GB CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIRS THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. FOUNDED IN 2004, THE GROWING PORTFOLIO OF 11 MULTIFAMILY COMMUNITIES PROVIDES OVER 2,100 APARTMENT AND TOWNHOME HOMES TO LOW-INCOME AND EXTREMELY LOW-INCOME RESIDENTS OF BALTIMORE CITY, BALTIMORE COUNTY, AND SUBURBAN MARYLAND. AHC-GB IS A SUBSIDIARY OF NONPROFIT AFFORDABLE HOUSING DEVELOPER AHC INC., BASED IN ARLINGTON, VA.

    Expenses $1,275,154 · Revenue $564,336

  • RESIDENT SERVICES- GREATER BALTIMORE AHC, INC.'S (AHC - GB) NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING. AHC- GB'S COMMUNITY RELATIONS (CR) TEAM PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY ENGAGEMENT SERVICES THAT ADVANCES THEIR MISSION AND CONTRIBUTES TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC GB IS COMMITTED TO SEEKING RESIDENT INPUT AND ELEVATING RESIDENT AGENCY IN ALL WE DO.

    Expenses $104,937 · Revenue $141,621

  • HOME OWNERSHIP - GREATER BALTIMORE AHC, INC. (AHC-GB) PURCHASED AND REHABILITATED 16 SINGLE FAMILY TOWNHOMES IN THE PARK HEIGHTS NEIGHBORHOOD TO PROMOTE NEIGHBORHOOD REVITALIZATION FOR FIRST-TIME HOMEOWNERS. TO DATE, FIFTEEN TOWNHOMES HAVE BEEN SOLD.

As filed on the 2024 return.

Listed in Part VII

  • PAUL BERNARD

    PRESIDENT & CEO

    Total calculated
    $397,149
    From this org
    $0
    From related orgs
    $365,604
    Other
    $31,545
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,129 related
    Bonus
    $0 + $33,475 related
    Other
    $0
    Deferred
    $0 + $17,600 related
    Nontaxable benefits
    $0 + $13,945 related
    Filer's total
    $0 + $397,149 related

  • STEVE YEATMAN

    TREASURER & CFO (PART YEAR)

    Total calculated
    $209,221
    From this org
    $0
    From related orgs
    $202,106
    Other
    $7,115
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,106 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,177 related
    Nontaxable benefits
    $0 + $2,938 related
    Filer's total
    $0 + $209,221 related

  • MARY CLAIRE DAVIS

    SECRETARY & VICE PRESIDENT

    Total calculated
    $257,094
    From this org
    $238,278
    From related orgs
    $0
    Other
    $18,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,078
    Bonus
    $17,200
    Other
    $0
    Deferred
    $17,897
    Nontaxable benefits
    $919
    Filer's total
    $257,094

  • SCOTT KASHNOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENDA HARNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN ELLIOTT

    CFO

    Total calculated
    $176,715
    From this org
    $0
    From related orgs
    $172,574
    Other
    $4,141
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,574 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,539 related
    Nontaxable benefits
    $0 + $2,602 related
    Filer's total
    $0 + $176,715 related

  • CINDY ROZON

    ASSISTANT DIRECTOR, RESIDENT SERVICE

    Total calculated
    $141,172
    From this org
    $132,954
    From related orgs
    $0
    Other
    $8,218
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION MADE CERTAIN NON-FIXED COMPENSATORY PAYMENTS TO STAFF BASED ON ACHIEVEMENT OF INDIVIDUAL GOALS AND OVERALL CONTRIBUTIONS AS DETERMINED BY THE INDIVIDUAL'S SUPERVISOR AND THE PRESIDENT AND OFFICERS OF THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349315240

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