Greater Germantown Housing Development: Nonprofit Profile, Financials & Form 990 (EIN 23-2024975)

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

33 cents of each dollar spent went to programs.

33%

67%

Program services 33% · $118K Management & general 67% · $240K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Gfs ESQ

Trustee

$0Pt VII · Sec A

See Greater Germantown Housing Development executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Renovates homes for low-income families to prevent blight and improve city living.

Questions for Greater Germantown Housing Development

Tap to ask. Greater Germantown Housing Development sees how many people are interested.

Your first name shows with your question. Greater Germantown Housing Development answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $118K · in their own filed words · FY2020

01

Sold acquired and rehab housing for low income families

$118Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$81K

Ln 12

Money outPt IX

$357K

Ln 25

Programscol B$118K

Managementcol C$240K

Owns and owesPt X

−$6.5M

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$6.5M

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gains on assetsLn 7−$81K

Total revenueLn 12−$81K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$6.5M

Net assetsLn 32−$6.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderFebruary

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$292K	$0
InvestmentsLn 11–13	$136K	$0
Land, buildings, equipmentLn 10c	$10K	$0
Total assetsLn 16	$438K	$0
LiabilitiesLn 26	$6.5M	$6.5M
Net assetsLn 32	−$6.1M	−$6.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$44K	$44K
Payroll taxesLn 10	$73K	$73K
Management feesLn 11a	$58K		$58K
Legal feesLn 11b	$129K		$129K
Accounting feesLn 11c	$50K		$50K
Other expenses (24a–d)Ln 24	$2K		$2K
Total functional expensesLn 25	$357K	$118K	$240K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	−$81K	$357K	−$438K	−$6.5M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary −$80,959 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year −$3,835,270−$80,959

I-11 Other revenuePrior year $17,770$0

I-12 Total revenuePrior year −$3,817,500−$80,959

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$117,540

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,267,874$239,837

I-18 Total expensesPrior year $1,267,874$357,377

I-19 Revenue less expensesPrior year −$5,085,374−$438,336

Part VI · Governance 1 of 1 board members independent, 3 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue −$80,959 across 2 lines filed

VIII-7 Net gain or loss on sales of assetsRelated to mission −$80,959−$80,959

VIII-12 Total revenueRelated to mission −$80,959 · Unrelated business $0 · Excluded from tax $0−$80,959

Part IX · Statement of functional expenses $357,377 across 6 lines filed

IX-7 Other salaries and wagesPrograms $44,430$44,430

IX-10 Payroll taxesPrograms $73,110$73,110

IX-11a Management feesManagement $58,453$58,453

IX-11b Legal feesManagement $129,257$129,257

IX-11c Accounting feesManagement $50,000$50,000

IX-24 Other expenses (24a–d)Management $2,127$2,127

IX-25 Total functional expensesPrograms $117,540 · Management $239,837 · Fundraising $0$357,377

Part X · Balance sheet $0 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $292,377$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $9,789$0

X-11 Publicly traded securities$0

X-12 Other securitiesStart of year $10,000$0

X-13 Program-related investmentsStart of year $126,170$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $438,336$0

X-17 Accounts payable and accrued expensesStart of year $1,520,979$1,520,979

X-25 Other liabilitiesStart of year $418,425$418,425

X-26 Total liabilitiesStart of year $6,508,965$6,508,965

X-32 Total net assets or fund balancesStart of year −$6,070,629−$6,508,965

X-33 Total liabilities and net assetsStart of year $438,336$0

Part XI · Reconciliation of net assets −$6,508,965 net assets at year end

XI-1 Total revenue−$80,959

XI-2 Total expenses$357,377

XI-3 Revenue less expenses−$438,336

XI-4 Net assets at start of year−$6,070,629

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$6,508,965

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org