SECOND SAINT ALBAN'S HOUSING CORPORATION C/O QUANTUM REAL ESTATE MANAGEMENT LLC

EIN: 541623171

BETHESDA, MD

Total Revenue
$647,547
Total Expenses
$601,894
Total Assets
$2,085,982
Net Assets
$-1,306,328
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
RICHARD JUERGENS
Phone
3019418040
Tax Period
2023-01-01 to 2023-12-31

SECOND SAINT ALBAN'S HOUSING CORPORATION C/O QUANTUM REAL ESTATE MANAGEMENT LLC, founded in 1992, is a small nonprofit that reported $648K in total revenue in fiscal year 2023. Expenses of $602K left a modest 7% surplus.

Mission

PROVIDING LOW INCOME HOUSING TO ELDERLY AND HANDICAPPED PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $555,534 Revenue: $643,089

IN 2023, THE ORGANIZATION PROVIDED AFFORDABLE HOUSING FACILITIES AND SERVICES TO 76 LOW INCOME ELDERLY AND HANDICAPPED PERSONS THROUGH THE USE OF 50 RENTAL HOUSING UNITS PURSUANT TO CAPITAL ADVANCES...

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IN 2023, THE ORGANIZATION PROVIDED AFFORDABLE HOUSING FACILITIES AND SERVICES TO 76 LOW INCOME ELDERLY AND HANDICAPPED PERSONS THROUGH THE USE OF 50 RENTAL HOUSING UNITS PURSUANT TO CAPITAL ADVANCES AND PROJECT RENTAL ASSISTANCE CONTRACTS BY THE U.S. GOVERNMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $640,926
Investment Income $4,458
Other Revenue $2,163
TOTAL REVENUE $647,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,705
Fundraising Expenses $0
Program Expenses $555,534
Other Expenses $501,189
TOTAL EXPENSES $601,894

Year-over-Year Comparison

2023 2022 Change
Revenue $647,547 $624,135 +0.0%
Expenses $601,894 $584,291 +0.0%
Net Income $45,653 $39,844 +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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
31

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD JUERGENS PRESIDENT 1.25
Officer Director
$0 $0 $0
JAMES MOUNTAIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LYNDELL CORE TREASURER 1.00
Officer Director
$0 $0 $0
DELORES BAISDEN MEMBER 1.00
Director
$0 $0 $0
VIVIAN BYRLEY MEMBER 1.00
Director
$0 $0 $0
LINDA CUMMINGS MEMBER 1.00
Director
$0 $0 $0
JEFFREY SHANKLES MEMBER 1.00
Director
$0 $0 $0
JOHN HORN MEMBER 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
2024 No data No data No data No data
2023 $647,547 $601,894 $2,085,982 $45,653
2022 $624,135 $584,291 $2,079,059 $39,844
2021 $604,812 $546,208 $1,942,162 $58,604
2020 $569,005 $527,982 $1,902,676 $41,023
2019 $558,874 $557,740 $1,837,760 $1,134
2018 $569,067 $605,954 $1,867,284 $-36,887
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