2024-05-15T16:19:57-05:00 2023-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-07-01 521517014 NATIONAL CAPITAL B'NAI B'RITH ASSISTED HOUSING CORPORATION NATI 3015984000 14508 HOMECREST ROAD SILVER SPRING MD 20906 CAROL COHEN WOLFE EXECUTIVE DIRECTOR 3015984000 2024-05-15 1 CAROL COHEN WOLFE 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 3016529100 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAROL COHEN WOLFE 14508 HOMECREST ROAD SILVER SPRING MD 20906 1507486 0 X WWW.HOMECRESTHOUSE.ORG X 1990 MD TO PROVIDE RENTAL APARTMENTS AND PERSONAL SERVICES TO THE VERY LOW INCOME ELDERLY. 8 8 0 8 0 0 337967 80818 1342016 1423517 83 3151 0 0 1680066 1507486 0 0 0 0 0 0 0 0 0 1375109 1456952 1375109 1456952 304957 50534 2303924 2239370 2536094 2421006 -232170 -181636 TO PROVIDE RENTAL APARTMENTS AND PERSONAL SERVICES TO THE VERY LOW INCOME ELDERLY. 0 0 698459 733656 PROVIDED 42 RENTAL APARTMENTS AND PERSONAL SERVICES TO THE ELDERLY 740494 689861 PROVIDED MEALS AND PERSONAL CARE SERVICES TO THE ELDERLY LIVING IN RENTAL APARTMENTS. 1438953 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X CAROL COHEN WOLFE 3015984000 14514 HOMECREST ROAD SILVER SPRING MD 20906 X CARL BERGER DIRECTOR 1.00 2.00 X 0 0 0 ALI B EHRLICH SECRETARY 1.00 2.00 X X 0 0 0 ALAN B FRANKLE DIRECTOR 1.00 2.00 X 0 0 0 MIKE GOLDMAN PRESIDENT 1.00 2.00 X X 0 0 0 LARRY GORBAN DIRECTOR 1.00 2.00 X 0 0 0 BILL HALPERN TREASURER 1.00 2.00 X X 0 0 0 BRUCE MENDITCH DIRECTOR 1.00 2.00 X 0 0 0 ADINA SALOMON DIRECTOR 1.00 2.00 X 0 0 0 CAROL COHEN WOLFE EXECUTIVE DIRECTOR 6.00 34.00 X 0 0 0 0 0 0 0 0 0 0 RESIDENTIAL ONE 8975 GUILFORD RD SUITE 100 COLUMBIA MD 21046 PROPERTY MAINTENANCE SERVICES 250032 POTOMAC ELEVATOR COMPANY LLC 5125 MACARTHUR BLVD NW STE 41 WASHINGTON DC 200163300 MAINTENANCE & NEW EQUIP. SERVICE 225048 2 76189 4629 80818 RENTAL INCOME 531390 727906 727906 TENANT SERVICE FEES 531390 689861 689861 OTHER REVENUE 531390 5750 5750 1423517 3151 3151 1507486 1423517 0 3151 353267 353267 18046 47 17999 62190 62190 3441 3441 22128 22128 164028 164028 136238 136238 12870 12870 ADMIN AND OPERATING EXP 311988 311988 ELDERLY & CONGREGATE SE 289791 289791 SECURITY 57673 57673 REPAIRS & MAINTENANCE 23361 23361 1931 1931 1456952 1438953 17999 0 224515 161992 137507 125475 9766 5325 4941647 3143825 1805322 1797822 126814 148756 2303924 2239370 214732 138702 20213 20697 1923625 1877056 377524 384551 2536094 2421006 X -232170 -181636 -232170 -181636 2303924 2239370 50534 0 X 1 X 0 1 0 X 84946 94098 232258 337967 80818 830087 84946 94098 232258 337967 80818 830087 830087 2296 2229 62 83 3151 7821 837908 6830037 0.99070 0.99300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4520371 2849069 1671302 421276 294756 126520 1797822 TENANT SECURITY DEPOSITS 30011 ESCROW DEPOSITS 1542 RESERVE FOR REPLACEMENTS 108491 RESIDUAL RECEIPTS RESERVE 8712 148756 ADVANCES-NATL CAP FDN FOR HOME 330751 PAYABLE TO AFFILIATES 37288 OTHER LIABILITIES 16512 384551 X PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSIT AS REQUIRED BY STATE LAW. PART X, LINE 2: SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES HAVE BEEN DELEGATED TO A MANAGEMENT COMPANY, RESIDENTIAL ONE, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REPRESENTING THE ORGANIZATION'S GOVERNING BODY, MEETS TO REVIEW THE FORM 990 AND APPROVES IT FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY: -REVIEWING DISCLOSURES OF PROPOSED COVERED TRANSACTIONS. -REVIEWING THE PROPOSED COVERED TRANSACTIONS TO DETERMINE IF THEY MEET THE STANDARDS DEFINED IN THE CONFLICT OF INTEREST POLICY. -MAINTAINING MINUTES AND SUCH OTHER DOCUMENTATION THAT IS NECESSARY AND APPROPRIATE TO DOCUMENT ITS REVIEW OF COVERED TRANSACTIONS. -REVIEWING THE OPERATION OF THE CONFLICT OF INTEREST POLICY AND MAKING CHANGES FROM TIME TO TIME AS IT IS DEEMED APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 NO BOARD MEMBERS ARE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. NATL CAP FOUNDATION FOR HOMECREST HOUSE 14508 HOMECREST ROAD SILVER SPRING MD 20906 521517016 FUNDRAISING MD 501(C)(3) LINE 12A, I N/A 1 NATL CAPITAL B'NAI B'RITH HSG FOUND 14508 HOMECREST ROAD SILVER SPRING MD 20906 521063283 AFFORD HSG MD 501(C)(3) LINE 10 N/A 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 NATIONAL CAPITAL FOUNDATION FOR HOMECREST HOUSE INC E 204626 FMV