Bon Secours Housing INC

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To provide affordable housing to the elderly under Section 202 of the National Affordable Housing Act.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 6
filings with a surplus
Average deficit $73K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.0M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+6% vs prior year
Spent
$1.7M
To programs
86%
Net assets
−$186K
By yearFY2020–FY2025
Revenue
$1.5M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.7M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M
FY2025$1.7M
Net assets
−$186K
FY2025▼ -512%
Tap a bar for its year
Net assets by fiscal year
FY2020$217K
FY2021$232K
FY2022$248K
FY2023$90K
FY2024−$30K
FY2025−$186K

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.4M Management & general 14% · $238K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Treasurer (end 01/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Bon Secours Housing 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

Provides affordable housing for seniors through federal programs.

Questions for Bon Secours Housing INC

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1 program · $1.4M · in their own filed words · FY2024
01

Bon Secours Housing, Inc. (the "entity") was organized in May 1983 under the provisions of the state of Maryland for the purpose of constructing and operating housing and related facilities for the elderly. The entity was financed through the U.S.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Aug 2025 · $8.0M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$4.7M
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$2.0M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.2M

The auditor reported 1 finding.

Year ending Aug 2024 · $8.0M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$4.9M
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$2.0M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.1M

The auditor reported 1 finding: questioned costs.

Year ending Aug 2023 · $6.0M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$4.9M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.0M

The auditor reported no findings.

Year ending Aug 2022 · $6.2M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$5.0M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.1M

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$238K
Owns and owesPt X
−$186K
net assets · Ln 32
Cash and savingsLn 1–2$949K
Total assetsLn 16$3.8M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$167K
SavingsLn 2$782K
Cash and savings togetherLn 1–2$949K
Accounts receivableLn 4$16K
Prepaid expenses and deferred chargesLn 9$74K
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$27K
Total assetsLn 16$3.8M
LiabilitiesLn 26$4.0M
Net assetsLn 32−$186K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderAugust
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$853K$949K
Land, buildings, equipmentLn 10c$2.9M$2.7M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$3.9M$4.0M
Net assetsLn 32−$30K−$186K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$198K$172K$26K
Other employee benefitsLn 9$28K$24K$4K
Payroll taxesLn 10$12K$10K$2K
Management feesLn 11a$54K$47K$7K
Legal feesLn 11b$200$200
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$1K$1K$170
Office expensesLn 13$30K$26K$4K
OccupancyLn 16$460K$401K$60K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$222K$193K$29K
InsuranceLn 23$2K$2K$261
Other expenses (24a–d)Ln 24$627K$546K$81K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.7M$1.4M$238K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 1, 2026 $1.5M$1.7M−$155K−$186K 990 PDF
FY2024Filed with the IRS Jul 14, 2025 $1.4M$1.6M−$120K−$30K 990 PDF
FY2023Filed with the IRS Jul 2, 2024 $1.3M$1.5M−$158K$90K 990 PDF
FY2022Filed with the IRS Jul 10, 2023 $1.4M$1.4M$16K$248K 990 PDF
FY2021Filed with the IRS Jul 15, 2022 $1.4M$1.4M$15K$232K 990 PDF
FY2020Filed with the IRS Jul 15, 2021 $1.3M$1.4M−$36K$217K 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 FY2025 990 (6 parts)
Part I · Summary $1,510,406 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,418,330$1,505,194
I-10 Investment incomePrior year $4,014$3,547
I-11 Other revenuePrior year $7,858$1,665
I-12 Total revenuePrior year $1,430,202$1,510,406
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $226,842$238,156
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,323,790$1,427,722
I-18 Total expensesPrior year $1,550,632$1,665,878
I-19 Revenue less expensesPrior year −$120,430−$155,472
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $1,510,406 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,505,194$1,505,194
VIII-3 Investment incomeExcluded from tax $3,547$3,547
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,665$1,665
VIII-12 Total revenueRelated to mission $1,505,194 · Unrelated business $0 · Excluded from tax $5,212$1,510,406
Part IX · Statement of functional expenses $1,665,878 across 15 lines filed
IX-7 Other salaries and wagesPrograms $172,484 · Management $25,773$198,257
IX-9 Other employee benefitsPrograms $24,361 · Management $3,640$28,001
IX-10 Payroll taxesPrograms $10,351 · Management $1,547$11,898
IX-11a Management feesPrograms $46,895 · Management $7,007$53,902
IX-11b Legal feesManagement $200$200
IX-11c Accounting feesManagement $26,158$26,158
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $1,140 · Management $170$1,310
IX-13 Office expensesPrograms $26,283 · Management $3,927$30,210
IX-16 OccupancyPrograms $400,567 · Management $59,855$460,422
IX-20 InterestPrograms $4,261$4,261
IX-22 Depreciation, depletion and amortizationPrograms $193,298 · Management $28,884$222,182
IX-23 InsurancePrograms $1,750 · Management $261$2,011
IX-24 Other expenses (24a–d)Programs $546,075 · Management $80,991$627,066
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,427,465 · Management $238,413 · Fundraising $0$1,665,878
Part X · Balance sheet $3,777,001 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $86,616$166,503
X-2 Savings and temporary cash investmentsStart of year $766,750$782,410
X-4 Accounts receivableStart of year $18,936$15,929
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insiders$0
X-9 Prepaid expenses and deferred chargesStart of year $72,384$74,346
X-10c Land, buildings and equipment, netStart of year $2,932,949$2,710,767
X-15 Other assetsStart of year $27,763$27,046
X-16 Total assetsStart of year $3,905,398$3,777,001
X-17 Accounts payable and accrued expensesStart of year $105,840$215,443
X-19 Deferred revenueStart of year $7,177$466
X-21 Escrow or custodial accountsStart of year $26,175$28,582
X-22 Loans from officers and insiders$0
X-23 Secured mortgages and notes payableStart of year $3,796,576$3,718,352
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,935,768$3,962,843
X-27 Net assets without donor restrictionsStart of year −$30,370−$185,842
X-32 Total net assets or fund balancesStart of year −$30,370−$185,842
X-33 Total liabilities and net assetsStart of year $3,905,398$3,777,001
Part XI · Reconciliation of net assets −$185,842 net assets at year end
XI-1 Total revenue$1,510,406
XI-2 Total expenses$1,665,878
XI-3 Revenue less expenses−$155,472
XI-4 Net assets at start of year−$30,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$185,842

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

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