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Homes for Laurel II INC

Tax-deductible

Annapolis, MD501(c)(3)Housing EIN 36-4569310Revenue $167K in FY2025

On file with the IRShomesforamerica.org175 Admiral Cochrane Dr Ste 402, 21401-7419 · Annapolis, MDTax-exempt since Mar 2005Publicly supported — 509(a)(2)

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Please see schedule oentity was formed for the purpose of renting and maintaining independent living affordable, safe and sound housing with services to senior citizens of low and moderate income.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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 6
filings with a surplus
Average deficit $41K a year · 25% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
145% of total assets
Concern: liabilities are 145% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$167K
-1% vs prior year
Spent
$218K
To programs
90%
Net assets
−$588K
By yearFY2020–FY2025
Revenue
$167K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$157K
FY2022$168K
FY2023$170K
FY2024$170K
FY2025$167K
Expenses
$218K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$187K
FY2022$216K
FY2023$217K
FY2024$209K
FY2025$218K
Net assets
−$588K
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$373K
FY2021−$403K
FY2022−$451K
FY2023−$498K
FY2024−$538K
FY2025−$588K

From the FY2025 Form 990 (year ending March 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2005.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $197K Management & general 10% · $21K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Dana Johnson
Vice President & Director
$0Pt VII · Sec A
Eric Brown
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kathy Ebner
Director
$0Pt VII · Sec A
Lisa J Yaffe
Secretary/Treasurer & Director
$0Pt VII · Sec A
Nancy S Rase
President & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Homes for Laurel II INC executive salaries →

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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

Provides affordable, safe housing and services for low-income seniors.

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Provided by the organization

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1 program · $197K · in their own filed words · FY2024
01

20 units of housing serving senior citizens under section 202 of thefederal housing act of 1959. Services, in addition to housing,include monthly continental breakfast, partnership withsalvation army to provide free weekday meals includingtransportation, meals on wheels, monthly delaware food bankdonations, on-site bus stop, computer…

$197Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$167K
Ln 12
Fees for servicesLn 2g$167K
Investment incomeLn 3$342
Money outPt IX
$218K
Ln 25
Programscol B$197K
Managementcol C$21K
Owns and owesPt X
−$588K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$167K
Investment incomeLn 3$342
Total revenueLn 12$167K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$238K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.9M
Net assetsLn 32−$588K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$30K$8K
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$1.9M$1.9M
Net assetsLn 32−$538K−$588K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$12K$12K
Legal feesLn 11b$10$10
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$40K$40K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$97K$97K
Total functional expensesLn 25$218K$197K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $167K$218K−$51K−$588K 990 PDF
FY2024 $170K$209K−$40K−$538K 990 PDF
FY2023 $170K$217K−$47K−$498K 990 PDF
FY2022 $168K$216K−$48K−$451K 990 PDF
FY2021 $157K$187K−$30K−$403K 990 PDF
FY2020 $149K$178K−$28K−$373K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $167,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $168,889$167,068
I-10 Investment incomePrior year $522$342
I-11 Other revenuePrior year $324$0
I-12 Total revenuePrior year $169,735$167,410
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 $209,239$218,061
I-18 Total expensesPrior year $209,239$218,061
I-19 Revenue less expensesPrior year −$39,504−$50,651
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $167,410 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $167,068$167,068
VIII-3 Investment incomeExcluded from tax $342$342
VIII-12 Total revenueRelated to mission $167,068 · Unrelated business $0 · Excluded from tax $342$167,410
Part IX · Statement of functional expenses $218,061 across 9 lines filed
IX-11a Management feesManagement $12,105$12,105
IX-11b Legal feesPrograms $10$10
IX-11c Accounting feesManagement $8,840$8,840
IX-11g Other fees for servicesPrograms $39,653$39,653
IX-12 Advertising and promotionPrograms $1,771$1,771
IX-13 Office expensesPrograms $6,240$6,240
IX-22 Depreciation, depletion and amortizationPrograms $45,664$45,664
IX-23 InsurancePrograms $7,266$7,266
IX-24 Other expenses (24a–d)Programs $96,512$96,512
IX-25 Total functional expensesPrograms $197,116 · Management $20,945 · Fundraising $0$218,061
Part X · Balance sheet $1,304,018 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $29,898$7,684
X-4 Accounts receivable$111
X-9 Prepaid expenses and deferred chargesStart of year $11,677$11,134
X-10c Land, buildings and equipment, netStart of year $1,089,535$1,047,554
X-15 Other assetsStart of year $219,085$237,535
X-16 Total assetsStart of year $1,350,195$1,304,018
X-17 Accounts payable and accrued expensesStart of year $14,647$19,510
X-19 Deferred revenueStart of year $973$981
X-25 Other liabilitiesStart of year $396$396
X-26 Total liabilitiesStart of year $1,887,808$1,892,282
X-27 Net assets without donor restrictionsStart of year −$537,613−$588,264
X-32 Total net assets or fund balancesStart of year −$537,613−$588,264
X-33 Total liabilities and net assetsStart of year $1,350,195$1,304,018
Part XI · Reconciliation of net assets −$588,264 net assets at year end
XI-1 Total revenue$167,410
XI-2 Total expenses$218,061
XI-3 Revenue less expenses−$50,651
XI-4 Net assets at start of year−$537,613
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$588,264

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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