ST MARY'S COURT HOUSING DEVELOPMENT CORP

EIN: 521061448 501(c)(3)

WASHINGTON, DC

Total Revenue
$4,271,990
Total Expenses
$3,784,706
Total Assets
$12,443,655
Net Assets
$-615,923
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
DC
Principal Officer
EVAN S CARMEN
Phone
2022235684
Tax Period
2024-04-01 to 2025-03-31

ST MARY'S COURT HOUSING DEVELOPMENT CORP, founded in 1976, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 11% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $3,527,429 Revenue: $932,053

ST. MARY'S COURT HOUSING DEVELOPMENT CORPORATION WAS CHARTERED ON JUNE 22, 1976 UNDER THE LAWS OF THE DISTRICT OF COLUMBIA TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 140 UNITS UNDER SECTION 202...

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ST. MARY'S COURT HOUSING DEVELOPMENT CORPORATION WAS CHARTERED ON JUNE 22, 1976 UNDER THE LAWS OF THE DISTRICT OF COLUMBIA TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 140 UNITS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT KNOWN AS ST. MARY'S COURT, IN WHICH LOW-INCOME HOUSING IS PROVIDED TO THE ELDERLY. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

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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 $2,682,941
Program Service Revenue $932,053
Investment Income $612,714
Other Revenue $44,282
TOTAL REVENUE $4,271,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,527,429
Other Expenses $3,784,706
TOTAL EXPENSES $3,784,706

Year-over-Year Comparison

2024 2023 Change
Revenue $4,271,990 $3,764,139 +0.1%
Expenses $3,784,706 $3,720,144 +0.0%
Net Income $487,284 $43,995 +10.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
13

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
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD A PEREZ PMP PRESIDENT 0.30
Officer Director
$0 $0 $0
JANEL DOUGHTEN VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
JOSEPH T HOWELL SECRETARY 0.30
Officer Director
$0 $0 $0
EVAN S CARMEN TREASURER 0.30
Officer Director
$0 $0 $0
RASHEEN CARBIN DIRECTOR 0.30
Director
$0 $0 $0
MICHELLE MCGRATH DIRECTOR 0.30
Director
$0 $0 $0
BREANA MOSS DIRECTOR 0.30
Director
$0 $0 $0
LAVERNE G NAUGHTON DIRECTOR 0.30
Director
$0 $0 $0
MARY PATRICIA OLIN DIRECTOR 0.30
Director
$0 $0 $0
THEODORE F PAGE JR DIRECTOR 0.30
Director
$0 $0 $0
MARGARET PULLY DIRECTOR, THRU 02/24/25 0.30
Director
$0 $0 $0
PETER SACCO DIRECTOR 0.30
Director
$0 $0 $0
REV WESLEY S WILLIAMS JR DIRECTOR 0.30
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 $4,271,990 $3,784,706 $12,443,655 $487,284
2024 $3,764,139 $3,720,144 $12,515,039 $43,995
2023 $3,101,773 $3,561,252 $12,116,143 $-459,479
2022 $3,242,225 $3,307,369 $12,714,863 $-65,144
2021 $3,174,024 $3,650,484 $13,020,545 $-476,460
2020 $2,909,172 $2,862,701 $5,607,403 $46,471
2019 $2,808,625 $2,994,525 $5,739,878 $-185,900
2018 $2,784,714 $2,611,661 $6,013,428 $173,053
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