CALLOWAY STREET ONE INC

EIN: 020626104 501(c)(3) Housing & Shelter

SALISBURY, MD

Total Revenue
$78,302
Total Expenses
$100,620
Total Assets
$854,105
Net Assets
$-511,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MD
Principal Officer
JOYCE SCHULDT
Phone
4105460381
Tax Period
2024-07-01 to 2025-06-30

CALLOWAY STREET ONE INC, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $78K in total revenue in fiscal year 2024. Expenses of $101K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $91,531 Revenue: $37,138

CALLOWAY STREET ONE, INC. (THE CORPORATION) WAS FORMED IN DECEMBER 2001, UNDER THE LAWS OF THE STATE OF MARYLAND, FOR THE PURPOSE OF OWNING A 10-UNIT APARTMENT COMMUNITY (CALLOWAY STREET ONE)...

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CALLOWAY STREET ONE, INC. (THE CORPORATION) WAS FORMED IN DECEMBER 2001, UNDER THE LAWS OF THE STATE OF MARYLAND, FOR THE PURPOSE OF OWNING A 10-UNIT APARTMENT COMMUNITY (CALLOWAY STREET ONE), LOCATED IN WICOMICO COUNTY, MARYLAND. THE PROJECT IS OPERATED UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. UNDER THE REGULATORY AGREEMENT, THE CORPORATION MAY NOT INCREASE RENTS CHARGED TO TENANTS WITHOUT PRIOR APPROVAL FROM HUD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,488
Program Service Revenue $37,138
Investment Income $676
Other Revenue $0
TOTAL REVENUE $78,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $91,531
Other Expenses $100,620
TOTAL EXPENSES $100,620

Year-over-Year Comparison

2024 2023 Change
Revenue $78,302 $73,173 +0.1%
Expenses $100,620 $109,842 -0.1%
Net Income $-22,318 $-36,669 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$576,869
Total Directors
12
$576,869
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIMITRIOS CAVATHAS CEO 1.00
Officer Director
$0 $0 $222,694
JOYCE SCHULDT CFO 1.00
Officer Director
$0 $0 $229,717
PAM KARPIN CHRO 1.00
Officer Director
$0 $0 $124,458
MEGAN MULLER PRESIDENT 1.00
Officer Director
$0 $0 $0
KATHIE WRIGHT DIRECTOR 1.00
Officer Director
$0 $0 $0
LISA RINNIER SECRETARY 1.00
Officer Director
$0 $0 $0
AMY GONZALES TREASURER 1.00
Officer Director
$0 $0 $0
JEAN BLISH SIERS DIRECTOR 1.00
Director
$0 $0 $0
NEAL STAMP DIRECTOR 1.00
Director
$0 $0 $0
SHANNON SANDS DIRECTOR 1.00
Director
$0 $0 $0
KUTRESA LANKFORD-PURNELL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN GEARHART DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $78,302 $100,620 $854,105 $-22,318
2024 $73,173 $109,842 $898,670 $-36,669
2023 $73,062 $89,705 $893,503 $-16,643
2022 $72,963 $89,527 $903,132 $-16,564
2021 $72,669 $110,352 $922,151 $-37,683
2020 $72,949 $85,657 $936,484 $-12,708
2019 $67,811 $91,166 $952,740 $-23,355
2018 $66,335 $92,846 $969,557 $-26,511
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