Esperance Homes INC FY2020 filing

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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.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $20K a year · 34% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$583K
122% of total assets
Concern: liabilities are 122% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
Spent
$62K
To programs
61%
Net assets
−$104K
By yearFY2020–FY2025
Revenue
$42K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$42K
FY2021$51K
FY2022$61K
FY2023$68K
FY2024$61K
FY2025$76K
Expenses
$62K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$66K
FY2022$78K
FY2023$84K
FY2024Not on file
FY2025$109K
Net assets
−$104K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$104K
FY2021−$119K
FY2022−$137K
FY2023−$153K
FY2024−$175K
FY2025−$209K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2001.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $38K Management & general 39% · $24K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director Until 03/2020
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary Until 01/2020
$0Pt VII · Sec A
See Esperance Homes INC executive salaries →

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

Offers affordable housing for people with disabilities.

Questions for Esperance Homes INC

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1 program · $38K · in their own filed words · FY2019
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.

$38Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$42K
Ln 12
Fees for servicesLn 2g$41K
Investment incomeLn 3$79
Money outPt IX
$62K
Ln 25
Programscol B$38K
Managementcol C$24K
Owns and owesPt X
−$104K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$479K
LiabilitiesLn 26$583K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$41K
Investment incomeLn 3$79
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$58K
Cash and savings togetherLn 1–2$60K
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$417K
Other assetsLn 15$278
Total assetsLn 16$479K
LiabilitiesLn 26$583K
Net assetsLn 32−$104K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$66K$60K
Land, buildings, equipmentLn 10c$433K$417K
Total assetsLn 16$499K$479K
LiabilitiesLn 26$583K$583K
Net assetsLn 32−$84K−$104K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$3K$3K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$4K$4K
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$15K$15K
Other expenses (24a–d)Ln 24$3K$2K$1K
Total functional expensesLn 25$62K$38K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $76K$109K−$33K−$209K 990 PDF
FY2024Filed with the IRS May 12, 2025 $61K−$175K 990 PDF
FY2023Filed with the IRS May 15, 2024 $68K$84K−$16K−$153K 990 PDF
FY2022Filed with the IRS May 12, 2023 $61K$78K−$17K−$137K 990 PDF
FY2021Filed with the IRS May 16, 2022 $51K$66K−$16K−$119K 990 PDF
FY2020 ViewingFiled with the IRS May 6, 2021 $42K$62K−$20K−$104K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $41,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $55,718$41,481
I-10 Investment incomePrior year $61$79
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $55,779$41,560
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$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,702$61,503
I-18 Total expensesPrior year $57,702$61,503
I-19 Revenue less expensesPrior year −$1,923−$19,943
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower 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
Part VIII · Statement of revenue $41,560 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,481$41,481
VIII-3 Investment incomeExcluded from tax $79$79
VIII-12 Total revenueRelated to mission $41,481 · Unrelated business $0 · Excluded from tax $79$41,560
Part IX · Statement of functional expenses $61,503 across 7 lines filed
IX-11a Management feesManagement $3,485$3,485
IX-11c Accounting feesManagement $14,870$14,870
IX-11g Other fees for servicesPrograms $7,399$7,399
IX-13 Office expensesManagement $4,350$4,350
IX-16 OccupancyPrograms $13,565$13,565
IX-22 Depreciation, depletion and amortizationPrograms $15,091$15,091
IX-24 Other expenses (24a–d)Programs $1,645 · Management $1,098$2,743
IX-25 Total functional expensesPrograms $37,700 · Management $23,803 · Fundraising $0$61,503
Part X · Balance sheet $479,135 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $19,268$2,406
X-2 Savings and temporary cash investmentsStart of year $46,272$57,872
X-9 Prepaid expenses and deferred chargesStart of year $920$1,110
X-10c Land, buildings and equipment, netStart of year $432,560$417,469
X-15 Other assetsStart of year $277$278
X-16 Total assetsStart of year $499,297$479,135
X-17 Accounts payable and accrued expensesStart of year $10,056$9,837
X-21 Escrow or custodial accountsStart of year $300$300
X-23 Secured mortgages and notes payableStart of year $566,500$566,500
X-25 Other liabilitiesStart of year $6,027$6,027
X-26 Total liabilitiesStart of year $582,883$582,664
X-27 Net assets without donor restrictionsStart of year −$83,586−$103,529
X-32 Total net assets or fund balancesStart of year −$83,586−$103,529
X-33 Total liabilities and net assetsStart of year $499,297$479,135
Part XI · Reconciliation of net assets −$103,529 net assets at year end
XI-1 Total revenue$41,560
XI-2 Total expenses$61,503
XI-3 Revenue less expenses−$19,943
XI-4 Net assets at start of year−$83,586
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$103,529

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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