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← AMERICAN VILLAGE COMMUNITIES INC

Form 990 for tax year 2023

Filed by AMERICAN VILLAGE COMMUNITIES INC.

Totals

Total revenue
$4,243,000
Total expenses
$3,368,096
Contributions and grants received
$271,613
Grants paid
$225,025
Program service revenue
$3,852,648
Investment income
$106,052
Other revenue
$12,687
Total assets, end of year
$14,439,893
Total liabilities, end of year
$7,763,313
Net assets or fund balances, end of year
$6,676,580
Program services expenses (Part IX)
$3,343,096
Management and general expenses
$25,000
Fundraising expenses
$0
Program service expenses (Part III)
$3,343,096

Program services were 99.3% 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

    $200,000

  • 1e · Government grants (contributions)

    $71,613

  • 2a · Program service revenue: RENTAL REAL ESTATE

    total $3,906,707 · related or exempt $3,906,707

  • 2b · Program service revenue: VACANCIES AND ALLOWANC

    total -$54,059 · related or exempt -$54,059

  • 3 · Investment income

    total $106,052 · excluded $106,052

  • 11a · Other revenue: LAUNDRY & VENDING

    total $8,850 · related or exempt $8,850

  • 11b · Other revenue: MISCELLANEOUS

    total $3,837 · related or exempt $3,837

  • 11e · Other revenue, total

    $12,687

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $225,025 · program services $225,025

  • 7 · Other salaries and wages

    total $419,266 · program services $419,266

  • 9 · Other employee benefits

    total $101,718 · program services $101,718

  • 10 · Payroll taxes

    total $62,864 · program services $62,864

  • 11a · Fees: management

    total $190,086 · program services $190,086

  • 11b · Fees: legal

    total $469 · program services $469

  • 11c · Fees: accounting

    total $17,500 · program services $17,500

  • 12 · Advertising and promotion

    total $7,904 · program services $7,904

  • 13 · Office expenses

    total $28,487 · program services $28,487

  • 16 · Occupancy

    total $1,109,248 · program services $1,109,248

  • 22 · Depreciation, depletion and amortization

    total $563,018 · program services $563,018

  • 24a · Other expenses: CONTRACTS

    total $289,920 · program services $289,920

  • 24b · Other expenses: LENDER/SERVICER/ISSUER

    total $100,744 · program services $100,744

  • 24c · Other expenses: MISC OPERATING & MAINTE

    total $80,500 · program services $80,500

  • 24d · Other expenses: SUPPLIES

    total $76,628 · program services $76,628

  • 24e · All other expenses

    total $94,719 · program services $69,719 · management and general $25,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $662,107 · end of year $1,304,735

  • 2 · Savings and temporary cash investments

    beginning of year $4,181,419 · end of year $4,412,472

  • 4 · Accounts receivable

    beginning of year $28,215 · end of year $21,117

  • 9 · Prepaid expenses and deferred charges

    beginning of year $278,677 · end of year $215,772

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

    $20,558,130

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

    $12,072,333

  • 10c · Land, buildings and equipment, net

    beginning of year $8,840,000 · end of year $8,485,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $232,589 · end of year $220,125

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,888,242 · end of year $7,458,181

  • 25 · Other liabilities

    beginning of year $82,278 · end of year $85,007

  • 27 · Net assets without donor restrictions

    beginning of year $5,787,309 · end of year $6,676,580

Mission and programs · 2023

Mission

DANIEL HOUSING CORPORATION, A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION IN ACCORDANCE WITH SECTION 501(C)(3) OF THE IRC WAS ORGANIZED TO OWN AND OPERATE A 220 UNIT APARTMENT COMPLEX FOR LOW-INCOME AND VERY LOW-INCOME ELDERLY AND HANDICAPPED PERSONS.

Activities or mission (Part I)

PROVIDES AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS.

  • PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS.

    Expenses $3,343,096 · Grants $225,025 · Revenue $3,865,335

As filed on the 2023 return.

Listed in Part VII

  • Brant Baber

    PRESIDENT/DIRECTOR

    Total calculated
    $320,496
    From this org
    $0
    From related orgs
    $316,250
    Other
    $4,246
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,246 related
    Filer's total
    $0 + $320,496 related

  • Margaret P Bessette

    DIRECTOR & SECRETARY/TREAS

    Total calculated
    $0
    Hours/week
    2

  • Kathy Guy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Katherine Kalinowski

    VICE PRES/DIRECTOR

    Total calculated
    $216,600
    From this org
    $0
    From related orgs
    $212,750
    Other
    $3,850
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,850 related
    Filer's total
    $0 + $216,600 related

  • George S Tyler IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

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

None.

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

The filer's explanations (Part III)

PART II
THE PRESIDENT (WHO ALSO IS A DIRECTOR) AND THE VICE PRESIDENT RECEIVE COMPENSATION ONLY FROM A RELATED EXEMPT ORGANIZATION, AMERICAN VILLAGE COMMUNITIES, INC., A VIRGINIA NONPROFIT CORPORATION AND SUPPORTING ORGANIZATION FOR TAXPAYER UNDER SEC 509(A)(3) OF THE IRC, BUT RECEIVES NO COMPENSATION FROM THE TAXPAYER.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349306678

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