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Nonprofiteer
← STANSBURY HOMES INC

Form 990 for tax year 2022

Filed by STANSBURY HOMES INC.

Totals

Total revenue
$157,839
Total expenses
$135,452
Contributions and grants received
$128,228
Grants paid
$0
Program service revenue
$29,390
Investment income
$4
Other revenue
$217
Total assets, end of year
$543,365
Total liabilities, end of year
$25,440
Net assets or fund balances, end of year
$517,925
Program services expenses (Part IX)
$113,722
Management and general expenses
$21,730
Fundraising expenses
$0
Program service expenses (Part III)
$113,722

Program services were 84.0% 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.

  • 1e · Government grants (contributions)

    $128,228

  • 2a · Program service revenue: RENTAL REVENUE

    total $29,390 · related or exempt $29,390

  • 3 · Investment income

    total $4 · excluded $4

  • 11a · Other revenue: OTHER INCOME

    total $217 · excluded $217

  • 11e · Other revenue, total

    $217

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,496 · management and general $8,496

  • 11c · Fees: accounting

    total $12,373 · management and general $12,373

  • 16 · Occupancy

    total $30,862 · program services $30,862

  • 19 · Conferences, conventions and meetings

    total $861 · management and general $861

  • 20 · Interest

    total $542 · program services $542

  • 22 · Depreciation, depletion and amortization

    total $26,163 · program services $26,163

  • 24a · Other expenses: PURCHASED SERVICES

    total $45,731 · program services $45,731

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $10,424 · program services $10,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,000 · end of year $59,447

  • 2 · Savings and temporary cash investments

    beginning of year $35,220 · end of year $40,144

  • 4 · Accounts receivable

    beginning of year $49,249 · end of year $29,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,554

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

    $1,047,081

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

    $635,863

  • 10c · Land, buildings and equipment, net

    beginning of year $437,381 · end of year $411,218

  • 15 · Other assets

    beginning of year $2,522 · end of year $3,065

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,223 · end of year $19,396

  • 21 · Escrow or custodial account liability

    beginning of year $2,545 · end of year $3,065

  • 25 · Other liabilities

    beginning of year $16,620 · end of year $2,979

  • 27 · Net assets without donor restrictions

    beginning of year -$435,962 · end of year -$413,575

  • 28 · Net assets with donor restrictions

    beginning of year $931,500 · end of year $931,500

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED IN ACCORDANCE WITH THE SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Activities or mission (Part I)

TO PROVIDE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

  • STANSBURY HOMES, INC. WAS ORGANIZED IN AUGUST 1993 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF ACQUIRING AND CONSTRUCTING HOUSING AND RELATED FACILITIES FOR PERSONS WHO SUFFER FROM MENTAL ILLNESS. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 15 UNITS. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

    Expenses $113,722 · Revenue $29,390

As filed on the 2022 return.

Listed in Part VII

  • Sarah Norman

    PRESIDENT

    Total calculated
    $192,560
    From this org
    $0
    From related orgs
    $172,288
    Other
    $20,272
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,417 related
    Bonus
    $0
    Other
    $0 + $871 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,272 related
    Filer's total
    $0 + $192,560 related

  • Jeff Rchardson

    TREASURER

    Total calculated
    $502,551
    From this org
    $0
    From related orgs
    $451,063
    Other
    $51,488
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,647 related
    Bonus
    $0
    Other
    $0 + $6,416 related
    Deferred
    $0 + $27,800 related
    Nontaxable benefits
    $0 + $23,688 related
    Filer's total
    $0 + $502,551 related

  • David Weiss

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 8.25 related

  • Robert Hall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 8.25 related

  • Claire Dennis-Tupak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 8.25 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 I, LINE 3
A RELATED PARTY, SHEPPARD PRATT HEALTH SYSTEM, INC., COMPENSATES OFFICERS OF THE ORGANIZATION. THE FOLLOWING IS THEIR PROCESS FOR DETERMINING COMPENSATION. SALARIES OF THE CEO AND TOP MANAGEMENT ARE REVIEWED BY THE EMPLOYEE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF SHEPPARD AND ENOCH PRATT FOUNDATION, INC. THIS COMMITTEE IS COMPRISED OF INDEPENDENT TRUSTEES. THE TRUSTEES REVIEW COMPENSATION FOR REASONABLENESS. THEY USE COMPARATIVE INDUSTRY DATA AND FORM 990S OF OTHER ORGANIZATIONS IN THEIR REVIEW PROCESS. THE PROCESS FOR EMPLOYEE COMPENSATION INCLUDES DEVELOPMENT OF COMPENSATION RECOMMENDATIONS BASED ON MARKET SURVEYS AND OTHER COMPARATIVE INDUSTRY DATA AS WELL AS WRITTEN EMPLOYMENT CONTRACTS. THE SALARY INFORMATION FOR THIS GROUP IS OBTAINED BY A CONSULTANT THAT IS ENGAGED BY THE EXECUTIVE COMPENSATION COMMITTEE. THIS CONSULTANT USES CURRENT MARKET COMPENSATION SURVEYS AND OTHER COMPARATIVE INDUSTRY DATA TO MAKE RECOMMENDATIONS. THE RECOMMENDATIONS ARE THEN PRESENTED TO THE EXECUTIVE COMPENSATION COMMITTEE FOR APPROVAL. THE EXECUTIVE COMPENSATION COMMITTEE REPORTS THAT COMPENSATION WAS APPROVED TO THE FULL BOARD. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS.
PART I, LINE 4B
DURING CALENDAR YEAR 2022, JEFFREY RICHARDSON PARTICIPATED IN A RELATED PARTY, SHEPPARD PRATT HEALTH SYSTEM 457(F) PLAN. $25,000 WAS CONTRIBUTED DURING THE YEAR.

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.

  • SHEPPARD & ENOCH PRATT FOUNDATION INC

    501(C)(3) · CONDUCTING FUNDRAISING ACTIVITIES TO SUPPORT AFFILIATED ORGANIZATIONS · MD

  • MOSAIC COMMUNITY SERVICES INC

    501(C)(3) · PROVIDING OUTPATIENT BEHAVIORAL HEALTH AND RESIDENTIAL REHABILITAION SERVICE · MD

    Directly controlled by SHEPPARD & ENOCH PRATT FOUNDATION INC

  • REVISIONS COMMUNITY DEVELOPMENT ORGANIZATIONINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • DULANEY STATION COMMUNITY DEVELOPMENT ORGANIZATIONINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • ALLIANCE INC

    501(C)(3) · PROVIDING EDUCATIONAL, VOCATIONAL & RESIDENTIAL SERVICES TO INDIVIDUALS · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • CRANBROOK HOMESINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • DOS DELOSINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • GUILFORD HOMESINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • TERRY HOMESINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • SCHNEIDER & RYLAND HOMESINC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • HICKERNELL HOMES INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD

    Directly controlled by MOSAIC COMMUNITY SERVICESINC

  • BEHAVIORAL HEALTH PARTNERS INC

    501(C)(3) · PROVIDING EDUCATIONAL, VOCATIONAL & RESIDENTIAL SERVICES TO INDIVIDUALS · MD

    Directly controlled by MOSAIC COMMUNITY SERVICES INC

  • FAMILY SERVICESINC

    501(C)(3) · PROVIDING BEHAVIORAL HEALTH,EDUCATION,CHILD CARE AND SOCIAL SERVICES · MD

    Directly controlled by SHEPPARD & ENOCH PRATT FOUNDATION INC

  • MONTGOMERY HOUSING INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

  • ESPERANCE HOMES INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

  • CENTENNIAL HOUSING INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

  • GUIDE TREXLER HOUSE INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

  • GUIDE MARYLAND HOUSE INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

  • GUIDE NASHVILLE HOMES INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

  • NEXT STEP HOUSING INC

    501(C)(3) · PROVIDING AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES · MD

    Directly controlled by FAMILY SERVICES INC

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202421369349304182

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