Esperance Homes INC

Tax-deductible

Gaithersburg, MD501(c)(3)Mental HealthEIN 31-1774943

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To provide affordable housing to persons with disabilities in accordance with section 811 of the national affordable housing act.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $17K a year · 31% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Liabilities
$653K
147% of total assets
Concern: liabilities are 147% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
+23% vs prior year
Spent
$109K
To programs
54%
Net assets
−$209K
By yearFY2020–FY2024
Revenue
$76K
FY2024▲ +23%
Revenue by fiscal year
FY2020$42K
FY2021$51K
FY2022$61K
FY2023$68K
FY2024$61K
FY2024$76K
Expenses
$109K
FY2024▲ +29%
Expenses by fiscal year
FY2020$62K
FY2021$66K
FY2022$78K
FY2023$84K
FY2024Not on file
FY2024$109K
Net assets
−$209K
FY2024▼ -19%
Net assets by fiscal year
FY2020−$104K
FY2021−$119K
FY2022−$137K
FY2023−$153K
FY2024−$175K
FY2024−$209K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2001.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $59K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
SVP & CFO
$0Pt VII · Sec A
Chief, Community Dev. Thru 08/18/24
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Esperance Homes INC executive salaries →

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Programs and updates

Offers affordable housing for people with disabilities.

Provided by the organization

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1 program service account for $50K of program spending, described in the organization's own filed words · FY2022.
01

Esperance homes, inc. Is a maryland corporation organized in february 2001 for the purpose of acquiring, developing and operating housing and related facilities which consist of 6 units located in montgomery county, maryland for persons with chronic mental illness.

$50Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$76K
Ln 12
Other incomeLn 4–11$76K
Money outPt IX
$109K
Ln 25
Programscol B$59K
Owns and owesPt X
−$209K
net assets · Ln 32
Total assetsLn 16$445K
LiabilitiesLn 26$653K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$76K
Total revenueLn 12$76K
Assets in detailPt X, end of year
Total assetsLn 16$445K
LiabilitiesLn 26$653K
Net assetsLn 32−$209K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $61K−$175K 990 PDF
FY2023 $68K$84K−$16K−$153K 990 PDF
FY2022 $61K$78K−$17K−$137K 990 PDF
FY2021 $51K$66K−$16K−$119K 990 PDF
FY2020 $42K$62K−$20K−$104K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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