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Nonprofiteer
← FELLO HOUSING LLC

Form 990 for tax year 2024

Filed by FELLO HOUSING LLC.

Totals

Total revenue
$3,605,664
Total expenses
$3,797,948
Contributions and grants received
$847,800
Grants paid
$0
Program service revenue
$2,621,145
Investment income
$58,249
Other revenue
$78,470
Total assets, end of year
$23,419,494
Total liabilities, end of year
$24,133,137
Net assets or fund balances, end of year
-$713,643
Program services expenses (Part IX)
$3,589,046
Management and general expenses
$208,902
Fundraising expenses
$0
Program service expenses (Part III)
$3,589,046

Program services were 94.5% 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.

  • 1e · Government grants (contributions)

    $847,800

  • 2a · Program service revenue: RENTAL INCOME

    total $1,438,614 · related or exempt $1,438,614

  • 2b · Program service revenue: HOUSING ASSITANCE PAYM

    total $1,182,531 · related or exempt $1,182,531

  • 3 · Investment income

    total $2,053 · excluded $2,053

  • 7a · Gross sales of assets other than inventory

    other assets $94,068

  • 7b · Less cost or other basis and sales expenses

    other assets $37,872

  • 7c · Gain or loss

    other assets $56,196

  • 7d · Net gain or loss

    total $56,196 · related or exempt $56,196

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $78,470 · related or exempt $78,470

  • 11e · Other revenue, total

    $78,470

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $169,076 · management and general $169,076

  • 7 · Other salaries and wages

    total $453,027 · program services $453,027

  • 8 · Pension plan contributions

    total $15,484 · program services $15,484

  • 9 · Other employee benefits

    total $148,060 · program services $148,060

  • 10 · Payroll taxes

    total $45,539 · program services $33,162 · management and general $12,377

  • 11b · Fees: legal

    total $34,842 · program services $34,842

  • 11c · Fees: accounting

    total $4,520 · program services $4,520

  • 11g · Fees: other

    total $98,303 · program services $98,303

  • 12 · Advertising and promotion

    total $5,160 · program services $5,160

  • 13 · Office expenses

    total $27,449 · management and general $27,449

  • 14 · Information technology

    total $12,578 · program services $12,578

  • 16 · Occupancy

    total $954,072 · program services $954,072

  • 17 · Travel

    total $34,861 · program services $34,861

  • 19 · Conferences, conventions and meetings

    total $14,005 · program services $14,005

  • 20 · Interest

    total $735,327 · program services $735,327

  • 22 · Depreciation, depletion and amortization

    total $839,176 · program services $839,176

  • 23 · Insurance

    total $184,887 · program services $184,887

  • 24a · Other expenses: MISCELLANEOUS

    total $9,496 · program services $9,496

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,930 · program services $6,930

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $5,156 · program services $5,156

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $503,354 · end of year $163,642

  • 2 · Savings and temporary cash investments

    beginning of year $46,099 · end of year $45,606

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $4,829

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

    $27,662,853

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

    $4,941,836

  • 10c · Land, buildings and equipment, net

    beginning of year $21,521,888 · end of year $22,721,017

  • 15 · Other assets

    beginning of year $316,713 · end of year $484,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,578,830 · end of year $13,183,981

  • 23 · Secured mortgages and notes payable

    beginning of year $11,980,219 · end of year $10,639,049

  • 25 · Other liabilities

    beginning of year $350,364 · end of year $310,107

  • 27 · Net assets without donor restrictions

    beginning of year -$521,359 · end of year -$713,643

Mission and programs · 2024

Mission

FELLO HOUSINGS' MISSION IS TO CREATE OPPORTUNITY BY MAKING QUALITY AFFORDABLE HOUSING ACCESSIBLE TO ALL.

Activities or mission (Part I)

CREATE OPPORTUNITY BY MAKING QUALITY AFFORDABLE HOUSING ACCESSIBLE TO ALL.

  • FELLO HOUSING PROVIDES SAFE, AFFORDABLE HOUSING FOR PEOPLE OF LOW INCOME, INCLUDING PEOPLE WITH DISABILITIES. WITH OVER 80 PROFESSIONALLY MANAGED UNITS ACROSS THE GREATER CHESAPEAKE REGION, FELLO HOUSING PROVIDES HOUSING TO OVER 150 PEOPLE. FELLO HOUSING GREW OUT OF A NEED TO ENABLE PEOPLE OF LIMITED MEANS TO RENT OR OWN A HOME - ULTIMATELY ACHIEVING INDEPENDENT LIVING IN THE COMMUNITY OF THEIR CHOICE.

    Expenses $3,589,046 · Revenue $2,755,811

As filed on the 2024 return.

Listed in Part VII

  • Jonathon Rondeau

    CHAIR

    Total calculated
    $321,461
    From this org
    $0
    From related orgs
    $294,998
    Other
    $26,463
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,945 related
    Bonus
    $0 + $31,854 related
    Other
    $0 + $6,199 related
    Deferred
    $0 + $14,150 related
    Nontaxable benefits
    $0 + $12,313 related
    Filer's total
    $0 + $321,461 related

  • Martha Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Andy Masters

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Rase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Monique Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Deena Kilmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rasheeda McRae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Judi Olinger

    VP OF HOUSING STRATEGY

    Total calculated
    $173,820
    From this org
    $135,204
    From related orgs
    $0
    Other
    $38,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,787
    Bonus
    $573
    Other
    $3,844
    Deferred
    $30,138
    Nontaxable benefits
    $8,478
    Filer's total
    $173,820

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

  • FELLO INC

    501(C)(3) · TO PROMOTE RESPECT, CREATE OPPORTUNITIES, FACILITATE SERVICES, AND ADVOCATE · MD

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.

  • FELLO COMMUNITY DEVELOPMENT LLC

    TO PROVIDE COMMUNITY DEVELOPMENT TO IMPROVE QUALITY OF LIFE · MD

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.5
Source object
202630439349301048

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