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Nonprofiteer
← AMERICAN COMMUNITIES TRUST INC

Form 990 for tax year 2024

Filed by AMERICAN COMMUNITIES TRUST INC.

Totals

Total revenue
$1,675,135
Total expenses
$1,119,627
Contributions and grants received
$1,541,607
Grants paid
$0
Program service revenue
$7,925
Investment income
$12,418
Other revenue
$113,185
Total assets, end of year
$11,391,330
Total liabilities, end of year
$2,753,272
Net assets or fund balances, end of year
$8,638,058
Program services expenses (Part IX)
$1,063,644
Management and general expenses
$11,198
Fundraising expenses
$44,785
Program service expenses (Part III)
$1,063,644

Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BENJAMIN L CIRKA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BILL STRUEVER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • CHINA BOAK TERRELL

    OUTGOING CEO

    Total calculated
    $204,570
    From this org
    $181,481
    From related orgs
    $0
    Other
    $23,089
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $181,481
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,089
    Filer's total
    $204,570

  • DR GARY RODWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ELAINE DIPIETRO

    TREASURER (THRU 11/24) AND INTERIM CEO

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • JANICE WOODCOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

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

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.

  • BALTIMORE FOOD HUB

    501(C)(3) · PROPERTY DEVELOPMENT AND MANAGEMENT · MD · controlled entity

    Directly controlled by AMERICAN COMMUNITIES TRUST INC

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HEALTHY EAST BALTIMORE LLC

    RELATED · TO FACILITATE INVESTMENT IN THE BALTIMORE FOOD HUB · MD

  • BFH LL LLC

    RELATED · LENDING · MD · 95% owned · share of income -$100,956 · share of assets $7,873,536 · general or managing partner

    Directly controlled by AMERICAN COMMUNITIES TRUST

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BFH MEMBER LLC

    C · REAL ESTATE · MD · 100% owned · share of income -$3,756 · share of assets $500

    Directly controlled by BALTIMORE FOOD HUB INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202503219349308900

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