VENABLE APARTMENTS I INC

EIN: 522293414 501(c)(3) Housing & Shelter

BALTIMORE, MD

Total Revenue
$720,129
Total Expenses
$871,222
Total Assets
$3,703,415
Net Assets
$-1,716,911
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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
NICHOLE BATTLE
Phone
4104332442
Tax Period
2024-05-01 to 2025-04-30

VENABLE APARTMENTS I INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $720K in total revenue in fiscal year 2024. Expenses of $871K exceeded revenue, resulting in a 21% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $601,942 Revenue: $275,901

VENABLE APARTMENTS I, INC. IS A MARYLAND CORPORATION ORGANIZED IN JANUARY 2001 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES, WHICH CONSISTS OF 71 UNITS LOCATED IN...

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VENABLE APARTMENTS I, INC. IS A MARYLAND CORPORATION ORGANIZED IN JANUARY 2001 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES, WHICH CONSISTS OF 71 UNITS LOCATED IN BALTIMORE, MARYLAND, FOR THE ELDERLY. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH ENTITIES ARE REGULATED BY HUD 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 $430,106
Program Service Revenue $275,901
Investment Income $3,703
Other Revenue $10,419
TOTAL REVENUE $720,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $601,942
Other Expenses $871,222
TOTAL EXPENSES $871,222

Year-over-Year Comparison

2024 2023 Change
Revenue $720,129 $711,765 +0.0%
Expenses $871,222 $880,562 0.0%
Net Income $-151,093 $-168,797 -0.1%
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
10
Independent Members
9
Employees
N/A
Volunteers
10

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
5
$154,000
Total Directors
10
$154,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY WEINER CHAIR 0.30
Officer Director
$0 $0 $0
CHRIS MCCULLOUGH PRESIDENT 0.30
Officer Director
$0 $0 $0
STEPHANIE SHACK VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
NICHOLE BATTLE SECRETARY 5.00
Officer Director
$0 $11,362 $154,000
NICHOLAS ALEXOPOLUS TREASURER 0.30
Officer Director
$0 $0 $0
MIKE BEST DIRECTOR 0.30
Director
$0 $0 $0
ADRIAN BISHOP DIRECTOR 0.30
Director
$0 $0 $0
KELLY ERLEMEIR DIRECTOR 0.30
Director
$0 $0 $0
MARK HEWICK DIRECTOR 0.30
Director
$0 $0 $0
JEFF SEIBERT 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 $720,129 $871,222 $3,703,415 $-151,093
2024 $711,765 $880,562 $3,824,024 $-168,797
2023 $714,128 $941,041 $3,994,012 $-226,913
2022 $709,306 $859,377 $4,157,121 $-150,071
2021 $722,262 $818,055 $4,372,440 $-95,793
2020 $684,146 $798,611 $4,481,703 $-114,465
2019 $586,678 $757,460 $4,579,911 $-170,782
2018 $591,049 $738,824 $4,648,732 $-147,775
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