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Nonprofiteer
← SILVER FLOWER HOMES INC

Form 990 for tax year 2022

Filed by SILVER FLOWER HOMES INC.

Totals

Total revenue
$35,294
Total expenses
$126,499
Contributions and grants received
$21,401
Grants paid
$0
Program service revenue
$13,879
Investment income
$14
Other revenue
$0
Total assets, end of year
$1,072,572
Total liabilities, end of year
$1,455,635
Net assets or fund balances, end of year
-$383,063
Program services expenses (Part IX)
$84,482
Management and general expenses
$42,017
Fundraising expenses
$0
Program service expenses (Part III)
$84,482

Program services were 66.8% 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)

    $21,401

  • 2a · Program service revenue: RENTAL REVENUE

    total $13,879 · related or exempt $13,879

  • 3 · Investment income

    total $14 · excluded $14

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $12,000 · management and general $12,000

  • 10 · Payroll taxes

    total $2,640 · management and general $2,640

  • 11a · Fees: management

    total $3,948 · management and general $3,948

  • 11c · Fees: accounting

    total $16,340 · management and general $16,340

  • 16 · Occupancy

    total $23,298 · program services $17,898 · management and general $5,400

  • 22 · Depreciation, depletion and amortization

    total $32,856 · program services $32,856

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $33,725 · program services $33,725

  • 24b · Other expenses: BANK FEES

    total $1,205 · management and general $1,205

  • 24c · Other expenses: MISC EXPENSE

    total $487 · program services $3 · management and general $484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,412 · end of year $65,797

  • 2 · Savings and temporary cash investments

    beginning of year $63,813 · end of year $91,912

  • 4 · Accounts receivable

    beginning of year $44,976 · end of year $111,035

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

    $1,070,856

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

    $269,728

  • 10c · Land, buildings and equipment, net

    beginning of year $833,983 · end of year $801,128

  • 15 · Other assets

    beginning of year $2,700 · end of year $2,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,076 · end of year $25,473

  • 19 · Deferred revenue

    beginning of year $1,692 · end of year $11,126

  • 21 · Escrow or custodial account liability

    beginning of year $2,410 · end of year $3,192

  • 23 · Secured mortgages and notes payable

    beginning of year $1,047,561 · end of year $1,047,561

  • 25 · Other liabilities

    beginning of year $283,126 · end of year $368,283

  • 27 · Net assets without donor restrictions

    beginning of year -$372,126 · end of year -$400,779

  • 28 · Net assets with donor restrictions

    beginning of year $22,145 · end of year $17,716

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING TO DISABLED PERSONS

  • SILVER FLOWER HOMES, INC. WAS ORGANIZED IN JANUARY 2012 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH DISABILITIES.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 7 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

    Expenses $84,482 · Revenue $13,879

As filed on the 2022 return.

Listed in Part VII

  • SUSANNE SINCLAIR-SMITH

    CHAIR

    Total calculated
    $185,432
    From this org
    $0
    From related orgs
    $178,014
    Other
    $7,418
    Hours/week
    0.5 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,014 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,418 related
    Filer's total
    $0 + $185,432 related

  • DICK PETTIT

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • JIM FERRIS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • LISA BENJAMIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • TROY SWANDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 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

The filer's explanations (Part III)

PART I, LINE 3:
THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY A RELATED ORGANIZATION, MONTGOMERY COUNTY COALITION FOR THE HOMELESS, INC. WHICH USES MARKET SALARY BENCHMARKS TO ALIGN AND ADJUST HER COMPENSATION.

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.

  • MONTGOMERY COUNTY COALITION FOR THE HOMELESS INC

    501(C)(3) · ENDING HOMELESSNESS IN MONTGOMERY COUNTY · MD

  • COALITION HOMES INC

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

    Directly controlled by MONTGOMERY COUNTY COALITION FOR THE HOMELESS INC

  • AURORA HOMES INC

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

    Directly controlled by MONTGOMERY COUNTY COALITION FOR THE HOMELESS INC

  • ASHMORE HOMES INC

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

    Directly controlled by MONTGOMERY COUNTY COALITION FOR THE HOMELESS INC

Provenance

Return type
form_990
Tax year
2022
Filed
4 November 2025
IRS schema version
2022v5.0
Source object
202543089349303039

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