Lorien Homes INC FY2021 filing

Tax-deductible

Baltimore, MD501(c)(3)HousingEIN 76-0780655Revenue $74K in FY2021

On file with the IRS3 Milford Mill Rd, 21208-6019 · Baltimore, MDTax-exempt since Dec 2005Publicly supported charity — 170(b)(1)(A)(vi)

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The entity renovates and maintains residential rental properties designed for low income adults with disabilities under section 811 of the national affordable housing act.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $40K a year · 59% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
151% of total assets
Concern: liabilities are 151% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
Spent
$113K
To programs
92%
Net assets
−$356K
By yearFY2021–FY2023
Revenue
$74K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$74K
FY2023$60K
Expenses
$113K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$113K
FY2023$101K
Net assets
−$356K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$356K
FY2023−$423K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2005.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $104K Management & general 8% · $9K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lorien Homes 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 15aYes

Programs and updates

Renovates and maintains rental homes for low-income adults with disabilities.

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Provided by the organization

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1 program · $104K · in their own filed words · FY2020
01

The entity renovates and maintains residential rental properties designed for low income adults with disabilities under section 811 of the national affordable housing act.

$104Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$27K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Fees for servicesLn 2g$74K
Investment incomeLn 3$51
Money outPt IX
$113K
Ln 25
Programscol B$104K
Managementcol C$9K
Owns and owesPt X
−$356K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$696K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$74K
Investment incomeLn 3$51
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Land, buildings, equipmentLn 10c$633K
Other assetsLn 15$50K
Total assetsLn 16$696K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$356K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$15K$13K
Land, buildings, equipmentLn 10c$660K$633K
Total assetsLn 16$737K$696K
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$317K−$356K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$13K$4K$9K
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$113K$104K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $60K$101K−$41K−$423K 990 PDF
FY2022 Not on file
FY2021 Viewing $74K$113K−$39K−$356K 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
See the full FY2021 990 (6 parts)
Part I · Summary $74,435 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $62,636$74,384
I-10 Investment incomePrior year $167$51
I-11 Other revenue$0
I-12 Total revenuePrior year $62,803$74,435
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,620$16,104
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $77,058$97,096
I-18 Total expensesPrior year $96,678$113,200
I-19 Revenue less expensesPrior year −$33,875−$38,765
Part VI · Governance 2 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $74,435 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,384$74,384
VIII-3 Investment incomeExcluded from tax $51$51
VIII-12 Total revenueRelated to mission $74,384 · Excluded from tax $51$74,435
Part IX · Statement of functional expenses $113,200 across 8 lines filed
IX-7 Other salaries and wagesPrograms $13,093$13,093
IX-10 Payroll taxesPrograms $3,011$3,011
IX-11c Accounting feesPrograms $4,003 · Management $8,950$12,953
IX-16 OccupancyPrograms $9,385$9,385
IX-22 Depreciation, depletion and amortizationPrograms $26,735$26,735
IX-23 InsurancePrograms $2,557$2,557
IX-24 Other expenses (24a–d)Programs $43,155$43,155
IX-24e All other expensesPrograms $2,311$2,311
IX-25 Total functional expensesPrograms $104,250 · Management $8,950 · Fundraising $0$113,200
Part X · Balance sheet $695,661 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $15,030$12,758
X-10c Land, buildings and equipment, netStart of year $659,677$632,942
X-15 Other assetsStart of year $58,362$49,961
X-16 Total assetsStart of year $737,139$695,661
X-17 Accounts payable and accrued expensesStart of year $124$82
X-25 Other liabilitiesStart of year $26,610$23,939
X-26 Total liabilitiesStart of year $1,054,334$1,051,621
X-27 Net assets without donor restrictionsStart of year −$317,195−$355,960
X-32 Total net assets or fund balancesStart of year −$317,195−$355,960
X-33 Total liabilities and net assetsStart of year $737,139$695,661
Part XI · Reconciliation of net assets −$355,960 net assets at year end
XI-1 Total revenue$74,435
XI-2 Total expenses$113,200
XI-3 Revenue less expenses−$38,765
XI-4 Net assets at start of year−$317,195
XI-10 Net assets at end of year−$355,960

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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