philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Malta House INC

Tax-deductible

Rockville, MD501(c)(3)EIN 52-1845215

Assisted living residence for low- and moderate-income frail elderly persons.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 5
filings with a surplus
Average deficit $126K a year · 6% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$996K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+123% vs prior year
Spent
$2.4M
To programs
91%
Net assets
$714K
By yearFY2020–FY2024
Revenue
$2.3M
FY2024▲ +123%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.9M
FY2023$2.0M
FY2023$1.0M
FY2024$2.3M
Expenses
$2.4M
FY2024▲ +94%
Expenses by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$2.1M
FY2023$2.2M
FY2023$1.2M
FY2024$2.4M
Net assets
$714K
FY2024▼ -12%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.2M
FY2023$1.0M
FY2023$811K
FY2024$714K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $2.2M Management & general 9% · $213K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Michael Gill
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jacqueline R Smedley
Vice President
$0Pt VII · Sec A
Jeffrey Blackwell
Asst Secretary
$0Pt VII · Sec A
Leila a Finucane
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Malta House INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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 and care for low-income seniors.

Provided by the organization

This section is blank until Malta House INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $2.2M of program spending, described in the organization's own filed words · FY2024.
01

Assisted living residence for low- and moderate-income frail elderly persons.

$2.2Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $115K · 2019–2022
Victory Housing INCMD · FY2022$30,000
Victory Housing INCMD · FY2021$60,000
Victory Housing INCMD · FY2019$25,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$83K
Investment incomeLn 3$8K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$213K
Owns and owesPt X
$714K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$1.7M
LiabilitiesLn 26$996K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Government grantsLn 1e$80K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$8K
Other incomeLn 4–11$1K
Gains on assetsLn 7−$2K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$0
Cash and savings togetherLn 1–2$62K
Land, buildings, equipmentLn 10c$913K
Other assetsLn 15$532K
Total assetsLn 16$1.7M
LiabilitiesLn 26$996K
Net assetsLn 32$714K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$195K$62K
Land, buildings, equipmentLn 10c$985K$913K
Total assetsLn 16$1.9M$1.7M
LiabilitiesLn 26$1.0M$996K
Net assetsLn 32$811K$714K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$866K$706K$160K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$53K$53K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$133K$133K
OccupancyLn 16$130K$130K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$98K$98K
Other expenses (24a–d)Ln 24$1.1M$1.1M
Total functional expensesLn 25$2.4M$2.2M$213K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.3M$2.4M−$97K$714K 990 PDF
FY2023 $2.0M$2.2M−$205K$1.0M 990 PDF
FY2022 $1.9M$2.1M−$142K$1.2M 990 PDF
FY2021 $2.0M$2.1M−$86K$1.4M 990 PDF
FY2020 $1.8M$1.9M−$98K$1.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,315,461 across 7 lines filed
Lines not itemized here account for $1,105 of total revenue; see the IRS return.
VIII-1e Government grants$79,993
VIII-1f All other contributions, gifts and grants$3,425
VIII-1h Total contributions, gifts and grants$83,418
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,223,361$2,223,361
VIII-3 Investment incomeExcluded from tax $9,747$9,747
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,170−$2,170
VIII-12 Total revenueRelated to mission $2,224,466 · Unrelated business $0 · Excluded from tax $7,577$2,315,461
Part IX · Statement of functional expenses $2,412,911 across 9 lines filed
IX-11a Management feesPrograms $705,818 · Management $160,065$865,883
IX-11b Legal feesPrograms $2,704$2,704
IX-11c Accounting feesManagement $52,990$52,990
IX-12 Advertising and promotionPrograms $8,431$8,431
IX-13 Office expensesPrograms $132,793$132,793
IX-16 OccupancyPrograms $130,250$130,250
IX-19 Conferences, conventions and meetingsPrograms $3,644$3,644
IX-22 Depreciation, depletion and amortizationPrograms $98,138$98,138
IX-24 Other expenses (24a–d)Programs $1,118,078$1,118,078
IX-25 Total functional expensesPrograms $2,199,856 · Management $213,055 · Fundraising $0$2,412,911
Part X · Balance sheet $1,709,626 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $152,749$61,642
X-2 Savings and temporary cash investmentsStart of year $42,557$0
X-4 Accounts receivableStart of year $161,552$193,724
X-9 Prepaid expenses and deferred chargesStart of year $1,734$531
X-10c Land, buildings and equipment, netStart of year $984,824$913,274
X-14 Intangible assetsStart of year $12,320$8,898
X-15 Other assetsStart of year $499,683$531,557
X-16 Total assetsStart of year $1,855,419$1,709,626
X-17 Accounts payable and accrued expensesStart of year $735,050$184,431
X-19 Deferred revenueStart of year $13,255$10,460
X-25 Other liabilitiesStart of year $0$530,533
X-26 Total liabilitiesStart of year $1,044,261$996,070
X-27 Net assets without donor restrictionsStart of year $706,158$608,556
X-28 Net assets with donor restrictionsStart of year $105,000$105,000
X-32 Total net assets or fund balancesStart of year $811,158$713,556
X-33 Total liabilities and net assetsStart of year $1,855,419$1,709,626
Part XI · Reconciliation of net assets $713,556 net assets at year end
XI-1 Total revenue$2,315,461
XI-2 Total expenses$2,412,911
XI-3 Revenue less expenses−$97,450
XI-4 Net assets at start of year$811,158
XI-8 Prior period adjustments−$152
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$713,556

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

Similar organizations you could support · Compare with another nonprofit

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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.