Skip to content
Nonprofiteer
← ECHELON HOUSING INC

Form 990 for tax year 2023

Filed by ECHELON HOUSING INC.

Totals

Total revenue
$623,977
Total expenses
$1,185,702
Contributions and grants received
$464,112
Grants paid
$0
Program service revenue
$150,100
Investment income
$57
Other revenue
$9,708
Total assets, end of year
$6,050,003
Total liabilities, end of year
$6,323,062
Net assets or fund balances, end of year
-$273,059
Program services expenses (Part IX)
$1,138,202
Management and general expenses
$47,500
Fundraising expenses
$0
Program service expenses (Part III)
$1,138,202

Program services were 96.0% 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)

    $464,112

  • 2a · Program service revenue: RENTAL INCOME

    total $150,100 · related or exempt $150,100

  • 3 · Investment income

    total $57 · excluded $57

  • 11d · All other revenue

    total $9,708 · related or exempt $9,708

  • 11e · Other revenue, total

    $9,708

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $44,789 · program services $44,789

  • 9 · Other employee benefits

    total $16,676 · program services $16,676

  • 10 · Payroll taxes

    total $8,289 · program services $8,289

  • 11a · Fees: management

    total $29,680 · management and general $29,680

  • 11b · Fees: legal

    total $5,720 · management and general $5,720

  • 11c · Fees: accounting

    total $12,100 · management and general $12,100

  • 16 · Occupancy

    total $652,482 · program services $652,482

  • 22 · Depreciation, depletion and amortization

    total $181,052 · program services $181,052

  • 24a · Other expenses: FLOW-THROUGH LOSSES

    total $205,839 · program services $205,839

  • 24b · Other expenses: ADMINISTRATIVE

    total $29,075 · program services $29,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $621,318 · end of year $241,417

  • 4 · Accounts receivable

    beginning of year $432,864 · end of year $302,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $253,678 · end of year $46,255

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

    $4,805,100

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

    $287,361

  • 10c · Land, buildings and equipment, net

    beginning of year $58,322,322 · end of year $4,517,739

  • 15 · Other assets

    beginning of year $7,659,003 · end of year $941,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,416,582 · end of year $337,458

  • 19 · Deferred revenue

    beginning of year $98,076 · end of year $9,205

  • 21 · Escrow or custodial account liability

    beginning of year $96,074 · end of year $15,320

  • 23 · Secured mortgages and notes payable

    beginning of year $104,370,956 · end of year $5,573,874

  • 25 · Other liabilities

    beginning of year $29,541,823 · end of year $387,205

  • 27 · Net assets without donor restrictions

    beginning of year -$69,234,326 · end of year -$273,059

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND THEIR FAMILIES

  • TO OPERATE AN AFFORDABLE HOUSING COMMUNITY FOR LOW-INCOME INDIVIDUALS

    Expenses $1,138,202 · Revenue $159,808

As filed on the 2023 return.

Listed in Part VII

  • GILEAD MORSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT CUSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD TRAVIS

    PRESIDENT

    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.

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.

  • BURTON CREEK AFFORDABLE LLC

    AFFORDABLE HOUSING · MD · income $0 · assets $0

    Directly controlled by ECHELON HOUSING INC

  • WESTSIDE VILLAGE AFFORDABLE LLC

    AFFORDABLE HOUSING · MD · income $0 · assets $660,877

    Directly controlled by ECHELON HOUSING INC

  • KIME AFFORDABLE LLC

    AFFORDABLE HOUSING · MD · income $623,977 · assets $5,384,682

    Directly controlled by ECHELON HOUSING INC

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.

  • COLUMBIAN ARMS MM LLC

    C · AFFORDABLE HOUSING · MD · 100% owned · share of income $17 · share of assets $2,408 · controlled entity

    Directly controlled by ECHELON HOUSING INC

  • MAHONING MM LLC

    C · AFFORDABLE HOUSING · MD · 100% owned · share of income $23,833 · share of assets $629,276 · controlled entity

    Directly controlled by ECHELON HOUSING INC

  • POST ROAD MM LLC

    C · AFFORDABLE HOUSING · MD · 100% owned · share of income $1,236 · share of assets $3,322,816 · controlled entity

    Directly controlled by ECHELON HOUSING INC

  • SHENANGO MM LLC

    C · AFFORDABLE HOUSING · MD · 100% owned · share of income $47,347 · share of assets $1,248,029 · controlled entity

    Directly controlled by ECHELON HOUSING INC

Provenance

Return type
form_990
Tax year
2023
Filed
17 November 2025
IRS schema version
2023v6.0
Source object
202533219349326453

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.