Totals
- Total revenue
- $111,689
- Total expenses
- $99,944
- Contributions and grants received
- $58,879
- Grants paid
- $0
- Program service revenue
- $51,065
- Investment income
- $1,745
- Other revenue
- $0
- Total assets, end of year
- $1,634,920
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,634,920
- Program services expenses (Part IX)
- $51,992
- Management and general expenses
- $47,952
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $51,992
Program services were 52.0% 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.
-
1f · All other contributions, gifts and grants
$58,879
-
2a · Program service revenue: FAMILY SUPPORT
total $32,312 · related or exempt $32,312
-
2b · Program service revenue: RENTAL PAYMENTS
total $18,753 · related or exempt $18,753
-
3 · Investment income
total $1,745 · excluded $1,745
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $8,466 · management and general $8,466
-
11c · Fees: accounting
total $7,988 · management and general $7,988
-
11g · Fees: other
total $13,020 · management and general $13,020
-
16 · Occupancy
total $48,459 · program services $48,459
-
17 · Travel
total $137 · management and general $137
-
23 · Insurance
total $9,734 · management and general $9,734
-
24a · Other expenses: MISCELLANEOUS
total $8,607 · management and general $8,607
-
24b · Other expenses: FURNISHINGS
total $2,750 · program services $2,750
-
24c · Other expenses: HOSPITALITY
total $783 · program services $783
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $67,512 · end of year $79,257
-
10a · Land, buildings and equipment: cost or other basis
$1,555,663
-
10c · Land, buildings and equipment, net
beginning of year $1,555,663 · end of year $1,555,663
-
27 · Net assets without donor restrictions
beginning of year $1,623,175 · end of year $1,634,920
Mission and programs · 2024
Mission
TO PROVIDE SAFE, AFFORDABLE, COMMUNITYBASED RESIDENTIAL OPPORTUNITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DIFFERENCES/INTELLECTUAL DISABILITIES.
Activities or mission (Part I)
CONSTRUCTION AND OPERATION OF A HOUSE FOR INDIVIDUALS WITH INTELLECTUAL/ DEVELOPMENTAL DISABILITIES.
-
THE ORGANIZATION COLLABORATED WITH OUR LADY OF MERCY PARISH, THE ARCHDIOCESE OF WASHINGTON, MONTGOMERY COUNTY, MARYLAND, AND THE STATE OF MARYLAND TO CONSTRUCT A HOUSE FOR INDIVIDUALS WITH INTELLECTUAL/ DEVELOPMENTAL DISABILITIES. HOUSE CONTRUCTION EXPENSES ARE CAPITALIZED AND REPORTED ON THE ORGANIZATION'S BALANCE SHEET. THE HOUSE, NAMED THE JAMES M. SULLIVAN MEMORIAL HOUSE, PROVIDES A SAFE, AFFORDABLE, COMMUNITY-BASED HOME FOR FOUR WOMEN WITH I/DD.
Expenses $51,992 · Revenue $51,065
As filed on the 2024 return.
Listed in Part VII
-
Kathleen Sullivan TysonKATHLEEN SULLIVAN TYSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen RileySTEPHEN RILEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Rev Mark D KnestoutREV MARK D KNESTOUT
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel VernerDANIEL VERNER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Edward QuinnEDWARD QUINN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
POTOMAC COMMUNITY RESOURCES INC
C3 · PROGRAMS · MD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202620419349300747
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