Form 990 for tax year 2023

Filed by ASCENSION HOMES INC.

Totals

Total revenue: $1,210,447
Total expenses: $285,655
Contributions and grants received: $1,190,645
Grants paid: $0
Program service revenue: $19,735
Investment income: $67
Other revenue: $0
Total assets, end of year: $2,119,138
Total liabilities, end of year: $1,813,843
Net assets or fund balances, end of year: $305,295
Program services expenses (Part IX): $257,901
Management and general expenses: $27,754
Fundraising expenses: $0
Program service expenses (Part III): $257,901

Program services were 90.3% 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

$19,951
1e · Government grants (contributions)

$1,170,694
2a · Program service revenue: RENTAL INCOME

total $19,735 · related or exempt $19,735
3 · Investment income

total $67 · excluded $67

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $8,856 · management and general $8,856
11c · Fees: accounting

total $18,840 · management and general $18,840
11g · Fees: other

total $24,146 · program services $24,146
16 · Occupancy

total $170,960 · program services $170,960
22 · Depreciation, depletion and amortization

total $24,683 · program services $24,683
24a · Other expenses: ALLOCATED SALARIES

total $37,000 · program services $37,000
24b · Other expenses: REPAIRS & MAINTENANCE

total $719 · program services $719
24c · Other expenses: OTHER PROGRAM EXPENSES

total $451 · program services $393 · management and general $58

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $64,371 · end of year $72,236
2 · Savings and temporary cash investments

beginning of year $69,894 · end of year $69,956
9 · Prepaid expenses and deferred charges

beginning of year $3,299 · end of year $4,056
10a · Land, buildings and equipment: cost or other basis

$2,907,616
10b · Land, buildings and equipment: accumulated depreciation

$938,542
10c · Land, buildings and equipment, net

beginning of year $569,356 · end of year $1,969,074
15 · Other assets

beginning of year $5,497 · end of year $3,816
17 · Accounts payable and accrued expenses

beginning of year $19,303 · end of year $21,004
19 · Deferred revenue

beginning of year $0 · end of year $17,830
21 · Escrow or custodial account liability

beginning of year $2,615 · end of year $2,615
23 · Secured mortgages and notes payable

beginning of year $694,316 · end of year $1,138,299
25 · Other liabilities

beginning of year $615,680 · end of year $634,095
27 · Net assets without donor restrictions

beginning of year -$619,497 · end of year -$554,625
28 · Net assets with donor restrictions

beginning of year $0 · end of year $859,920

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING TO ADULTS WITH CHRONIC MENTAL ILLNESSES

ASCENSION HOMES, INC. OPERATES HOUSING AND RELATED FACILITIES FOR SENIOR CITIZENS. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND OPERATES THREE GROUP HOMES CONSISTING OF 20 UNITS. THE ENTITY IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

Expenses $257,901 · Revenue $19,735

As filed on the 2023 return.

Listed in Part VII

Chris McCulloughCHRIS MCCULLOUGH

CHAIR

Total calculated

$0

Hours/week

0.3 + 2 related
Jay WeinerJAY WEINER

PRESIDENT

Total calculated

$0

Hours/week

0.3 + 2 related
Stephanie ShackSTEPHANIE SHACK

VICE PRESIDENT

Total calculated

$0

Hours/week

0.3 + 2 related
Nichole BattleNICHOLE BATTLE

SECRETARY

Total calculated

$142,406

From this org

$0

From related orgs

$131,044

Other

$11,362

Hours/week

5 + 35 related
Nicholas AlexopolusNICHOLAS ALEXOPOLUS

TREASURER

Total calculated

$0

Hours/week

0.3 + 2 related
Mike BestMIKE BEST

DIRECTOR

Total calculated

$0

Hours/week

0.3 + 2 related
Mark HewickMARK HEWICK

DIRECTOR

Total calculated

$0

Hours/week

0.3 + 2 related
Jeff SeibertJEFF SEIBERT

DIRECTOR

Total calculated

$0

Hours/week

0.3 + 2 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.

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.

GALLAGHER MANSION INC

501(C)(3) · PROVIDE AFFORDABLE HOUSING TO SENIOR CITIZENS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
GEDCO HOMES INC

501(C)(3) · PROVIDE AFFORDABLE HOUSING TO STABILIZE NEIGHBORHOODS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
GOVANS CENTER FOR RETIRED PERSONS INC

501(C)(3) · PROVIDE SUPPORTIVE SERVICES TO OLDER ADULTS · MD

Directly controlled by STADIUM PLACE INC
GOVANS ECUMENICAL DEVELOPMENT CORPORATION

501(C)(3) · DEVELOP AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES · MD
STADIUM PLACE INC

501(C)(3) · DEVELOP AN AFFORDABLE RETIREMENT COMMUNITY FOR SENIOR CITIZENS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
VENABLE APARTMENTS I INC

501(C)(3) · PROVIDE AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR SENIOR CITIZENS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
VENABLE APARTMENTS II INC

501(C)(3) · PROVIDE AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR SENIOR CITIZENS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
WINDEMERE LONG TERM CARE LLC

501(C)(3) · PROVIDE AFFORDABLE LONG TERM CARE TO LOW INCOME SENIOR CITIZENS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP

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.

Related partnerships

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

EPIPHANY HOUSE LIMITED PARTNERSHIP

RELATED · PROVIDE AFFORDABLE HOUSING TO LOW INCOME SENIORS AND OLDER DISABLED ADULTS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
MICAH HOUSE LIMITED PARTNERSHIP

RELATED · PROVIDE PERMANENT HOUSING TO FORMERLY HOMELESS INDIVIDUALS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
EDNOR APARTMENTS II LIMITED PARTNERSHIP

RELATED · PROVIDE AFFORDABLE HOUSING TO LOW INCOME SENIORS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
EDNOR APARTMENTS LIMITED PARTNERSHIP

RELATED · PROVIDE AFFORDABLE SENIOR HOUSING WITH SUPPORTIVE SERVICES · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
HARFORD HOUSE LIMITED PARTNERSHIP

RELATED · PROVIDE PERMANENT HOUSING TO FORMERLY HOMELESS MEN · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP
VILLAGE CENTER LLMT LLC

RELATED · PROVIDE AFFORDABLE SENIOR HOUSING AND ON-SITE RETAIL · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP

Related corporations and trusts

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

GOVANS ECUMENICAL HOMES INC

C · PROVIDE AFFORDABLE HOUSING FOR OLDER ADULTS AND PEOPLE WITH MENTAL ILLNESS · MD

Directly controlled by GOVANS ECUMENICAL DEVELOPMENT CORP

Provenance

Return type: form_990
Tax year: 2023
Filed: 18 March 2025
IRS schema version: 2023v6.0
Source object: 202510779349300611

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