MT WASHINGTON HOMES INC

EIN: 521927214 501(c)(3) Housing & Shelter

BALTIMORE, MD

Total Revenue
$152,118
Total Expenses
$207,114
Total Assets
$525,252
Net Assets
$-482,423
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MD
Principal Officer
DALE MEYER
Phone
4103664299
Tax Period
2020-07-01 to 2021-06-30

MT WASHINGTON HOMES INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $152K in total revenue in fiscal year 2020. Revenue decreased 5% compared to the prior year. Expenses of $207K exceeded revenue, resulting in a 36% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $188,633 Revenue: $152,107

MT. WASHINGTON HOMES, INC. IS A MARYLAND CORPORATION ORGANIZED IN MARCH, 1995 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSIST OF 18 UNITS LOCATED...

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MT. WASHINGTON HOMES, INC. IS A MARYLAND CORPORATION ORGANIZED IN MARCH, 1995 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSIST OF 18 UNITS LOCATED IN BALTIMORE, MARYLAND FOR PERSONS WITH DISABILITIES. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. 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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $152,107
Investment Income $11
Other Revenue $0
TOTAL REVENUE $152,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $188,633
Other Expenses $207,114
TOTAL EXPENSES $207,114

Year-over-Year Comparison

2020 2019 Change
Revenue $152,118 $160,755 -0.1%
Expenses $207,114 $206,791 +0.0%
Net Income $-54,996 $-46,036 +0.2%
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
3
Independent Members
1
Employees
N/A
Volunteers
3

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
3
$519,713
Total Directors
3
$519,713
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE MEYER SECRETARY 0.50
Officer Director
$0 $27,405 $256,298
KEVIN GREOSKI TREASURER 0.50
Officer Director
$0 $29,003 $263,415
CHAMBERLAIN DIALA CHAIRPERSON 0.50
Officer 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
2021 $152,118 $207,114 $525,252 $-54,996
2020 $160,755 $206,791 $520,520 $-46,036
2019 $133,266 $208,028 $526,985 $-74,762
2018 $105,017 $218,211 $565,544 $-113,194
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