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Nonprofiteer
← WESTERN CHESAPEAKE PROPERTIES OF CALVERT COUNTY INC

Form 990 for tax year 2022

Filed by WESTERN CHESAPEAKE PROPERTIES OF CALVERT COUNTY INC.

Totals

Total revenue
$1,037,222
Total expenses
$816,024
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,034,642
Investment income
$2,580
Other revenue
$0
Total assets, end of year
$5,166,682
Total liabilities, end of year
$3,213,192
Net assets or fund balances, end of year
$1,953,490
Program services expenses (Part IX)
$747,127
Management and general expenses
$68,897
Fundraising expenses
$0
Program service expenses (Part III)
$747,127

Program services were 91.6% 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.

  • 2a · Program service revenue: HOUSING

    total $1,034,642 · related or exempt $1,034,642

  • 3 · Investment income

    total $13,631 · excluded $13,631

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

    other assets $11,051

  • 7c · Gain or loss

    other assets -$11,051

  • 7d · Net gain or loss

    total -$11,051 · excluded -$11,051

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $35,885 · management and general $35,885

  • 11c · Fees: accounting

    total $5,790 · management and general $5,790

  • 11g · Fees: other

    total $237,250 · program services $237,250

  • 13 · Office expenses

    total $28,381 · program services $1,159 · management and general $27,222

  • 16 · Occupancy

    total $174,016 · program services $174,016

  • 20 · Interest

    total $148,750 · program services $148,750

  • 22 · Depreciation, depletion and amortization

    total $156,438 · program services $156,438

  • 23 · Insurance

    total $29,514 · program services $29,514

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,027 · end of year $103,652

  • 2 · Savings and temporary cash investments

    beginning of year $742,835 · end of year $806,976

  • 4 · Accounts receivable

    beginning of year $2,905 · end of year $30,932

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,001 · end of year $2,125

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

    $7,327,151

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

    $3,156,825

  • 10c · Land, buildings and equipment, net

    beginning of year $2,824,782 · end of year $4,170,326

  • 11 · Investments: publicly traded securities

    beginning of year $35,609 · end of year $37,857

  • 15 · Other assets

    beginning of year $12,457 · end of year $14,814

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,703 · end of year $332,098

  • 19 · Deferred revenue

    beginning of year $24,238 · end of year $30,420

  • 23 · Secured mortgages and notes payable

    beginning of year $1,749,856 · end of year $2,820,051

  • 25 · Other liabilities

    beginning of year $8,153 · end of year $30,623

  • 27 · Net assets without donor restrictions

    beginning of year $1,730,666 · end of year $1,953,490

Mission and programs · 2022

Mission

PROVIDE HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

Activities or mission (Part I)

TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN CALVERT COUNTY MARYLAND, AND TO CONSTRUCT AND MANAGE HOUSING AND OTHER FACILITIES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

  • PROVIDE HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

    Expenses $747,127 · Revenue $1,034,642

As filed on the 2022 return.

Listed in Part VII

  • Mark Todd

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jennie Parran

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kyle Morrow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mike Mohler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Terry Long

    EXECUTIVE DIRECTOR ARC OF SOUTHERN MARYLAND, INC.

    Total calculated
    $236,783
    From this org
    $0
    From related orgs
    $210,352
    Other
    $26,431
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,352 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,751 related
    Nontaxable benefits
    $0 + $11,680 related
    Filer's total
    $0 + $236,783 related

  • Hartmuth Csanadi-Schwartz

    CFO/COO ARC OF SOUTHERN MARYLAND, INC.

    Total calculated
    $135,715
    From this org
    $0
    From related orgs
    $125,550
    Other
    $10,165
    Hours/week
    5 + 40 related

  • John Hartline

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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 · Compensation committee
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
20 March 2024
IRS schema version
2022v5.0
Source object
202420809349301667

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