GREATER BALTIMORE AHC INC

EIN: 331084573 501(c)(3) Housing & Shelter

ARLINGTON, VA

Total Revenue
$1,097,185
Total Expenses
$1,464,261
Total Assets
$13,860,874
Net Assets
$3,641,482
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MD
Principal Officer
PAUL BERNARD
Phone
7034860626
Tax Period
2024-01-01 to 2024-12-31

GREATER BALTIMORE AHC INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 33% operating deficit.

Mission

GREATER BALTIMORE AHC, INC. DEVELOPS AFFORDABLE HOUSING AND HELPS COMMUNITIES THRIVE. WE PROVIDE A WIDE ARRAY OF SOCIAL SERVICES IN OUR COMMUNITY CENTERS TO HELP RESIDENTS BUILD MORE STABLE AND SUCCESSFUL LIVES.

Program Service Accomplishments

Program 1
Expenses: $1,275,154 Revenue: $564,336

MULTIFAMILY HOUSING DEVELOPMENT - GREATER BALTIMORE AHC, INC. (AHC-GB) TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC-GB CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND...

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MULTIFAMILY HOUSING DEVELOPMENT - GREATER BALTIMORE AHC, INC. (AHC-GB) TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC-GB CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIRS THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. FOUNDED IN 2004, THE GROWING PORTFOLIO OF 11 MULTIFAMILY COMMUNITIES PROVIDES OVER 2,100 APARTMENT AND TOWNHOME HOMES TO LOW-INCOME AND EXTREMELY LOW-INCOME RESIDENTS OF BALTIMORE CITY, BALTIMORE COUNTY, AND SUBURBAN MARYLAND. AHC-GB IS A SUBSIDIARY OF NONPROFIT AFFORDABLE HOUSING DEVELOPER AHC INC., BASED IN ARLINGTON, VA.

Program 2
Expenses: $104,937 Revenue: $141,621

RESIDENT SERVICES- GREATER BALTIMORE AHC, INC.'S (AHC - GB) NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS...

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RESIDENT SERVICES- GREATER BALTIMORE AHC, INC.'S (AHC - GB) NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING. AHC- GB'S COMMUNITY RELATIONS (CR) TEAM PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY ENGAGEMENT SERVICES THAT ADVANCES THEIR MISSION AND CONTRIBUTES TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC GB IS COMMITTED TO SEEKING RESIDENT INPUT AND ELEVATING RESIDENT AGENCY IN ALL WE DO.

Program 3
Expenses: $0 Revenue: $0

HOME OWNERSHIP - GREATER BALTIMORE AHC, INC. (AHC-GB) PURCHASED AND REHABILITATED 16 SINGLE FAMILY TOWNHOMES IN THE PARK HEIGHTS NEIGHBORHOOD TO PROMOTE NEIGHBORHOOD REVITALIZATION FOR FIRST-TIME...

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HOME OWNERSHIP - GREATER BALTIMORE AHC, INC. (AHC-GB) PURCHASED AND REHABILITATED 16 SINGLE FAMILY TOWNHOMES IN THE PARK HEIGHTS NEIGHBORHOOD TO PROMOTE NEIGHBORHOOD REVITALIZATION FOR FIRST-TIME HOMEOWNERS. TO DATE, FIFTEEN TOWNHOMES HAVE BEEN SOLD.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $242,189
Program Service Revenue $705,957
Investment Income $8,378
Other Revenue $140,661
TOTAL REVENUE $1,097,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,098,325
Fundraising Expenses $0
Program Expenses $1,380,091
Other Expenses $365,936
TOTAL EXPENSES $1,464,261

Year-over-Year Comparison

2024 2023 Change
Revenue $1,097,185 $1,037,913 +0.1%
Expenses $1,464,261 $1,559,418 -0.1%
Net Income $-367,076 $-521,505 -0.3%
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
4
Independent Members
2
Employees
18
Volunteers
15

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
4
$1,040,179
Total Directors
5
$863,464
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BERNARD PRESIDENT & CEO 8.00
Officer Director
$0 $31,545 $397,149
STEVE YEATMAN TREASURER & CFO (PART YEAR) 1.00
Officer Director
$0 $7,115 $209,221
MARY CLAIRE DAVIS SECRETARY & VICE PRESIDENT 40.00
Officer Director
$238,278 $18,816 $257,094
SCOTT KASHNOW BOARD MEMBER 1.00
Director
$0 $0 $0
BRENDA HARNEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ELLIOTT CFO 1.00
Officer
$0 $4,141 $176,715
CINDY ROZON ASSISTANT DIRECTOR, RESIDENT SERVICE 40.00
Highest
$132,954 $8,218 $141,172
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
2024 $1,097,185 $1,464,261 $13,860,874 $-367,076
2023 $1,037,913 $1,559,418 $12,820,209 $-521,505
2022 $1,162,600 $1,331,320 $13,018,627 $-168,720
2021 $2,608,258 $1,423,927 $13,338,300 $1,184,331
2020 $7,473,513 $1,537,990 $12,486,148 $5,935,523
2019 $799,082 $2,081,005 $7,805,560 $-1,281,923
2018 $1,543,340 $1,093,041 $8,107,760 $450,299
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