2024-03-04T10:06:30-06:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 2 BETHESDA METRO CENTER SUITE 420 BETHESDA MD 20814 990 2022-07-01 611593415 BANJO LANE APARTMENTS INC BANJ 4107583050 120 BANJO LANE CENTREVILLE MD 21617 MAURICE SALAMONE PRESIDENT 4107583050 2024-03-04 1 MAURICE SALAMONE XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 3016523464 2024-02-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MAURICE SALAMONE 120 BANJO LANE CENTREVILLE MD 21617 71307 0 X N/A X 2009 MD TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. 3 1 0 6 0 0 34624 35777 33226 35500 15 17 197 13 68062 71307 0 0 0 0 0 0 0 0 0 111744 104471 111744 104471 -43682 -33164 1351961 1314096 1166888 1162187 185073 151909 TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. 0 0 81896 0 35500 BANJO LANE APARTMENTS, INC. WAS ORGANIZED IN FEBRUARY 2009 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WHO SUFFER FROM CHRONIC MENTAL ILLNESS. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 811 AND CONSISTS OF 10 UNITS ELIGIBLE FOR HUD PROJECT RENTAL ASSISTANCE. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. 81896 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 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 1 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 1 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X BRENDA CHRONISTER 4107583050 120 BANJO LANE CENTREVILLE MD 21617 BRENDA CHRONISTER SECRETARY/TREASURER 0.30 40.00 X X 0 42783 0 MAURICE SALAMONE PRESIDENT 0.30 10.00 X X 0 41234 0 HELEN LAMPMAN PRESIDENT THRU JAN 2023 0.30 10.00 X X 0 0 0 LEA BROOKS DIRECTOR 0.30 0.00 X 0 0 0 RENNE CARTER DIRECTOR THRU JAN 2023 0.30 0.00 X 0 0 0 JEFFREY RANK DIRECTOR THRU JAN 2023 0.30 1.00 X 0 0 0 0 84017 0 0 0 0 0 0 35777 35777 RENTAL INCOME 531110 35500 35500 35500 17 17 OTHER TENANT CHARGES 531110 13 13 13 71307 35500 0 30 X 5572 5572 309 309 11995 11995 12525 12525 2756 2756 1943 1943 30344 30344 33067 33067 1236 1236 REPAIRS AND MAINTENANCE 4646 4646 MISC. FINANCIAL EXPENSE 78 78 104471 81896 22575 0 10724 4747 51627 55376 2890 0 1890 2131 1647667 399556 1281178 1248111 3652 3731 1351961 1314096 26536 21623 0 133 3652 3731 1136700 1136700 1166888 1162187 X 39123 5959 145950 145950 185073 151909 1351961 1314096 -33164 0 X 0 1 X 0 1 1 X 31880 32750 32354 34624 35777 167385 27372 33194 34486 33226 35500 163778 59252 65944 66840 67850 71277 331163 0 0 0 331163 15 15 14 15 17 76 15 15 14 15 17 76 11 197 13 221 59267 65959 66865 68062 71307 331460 0.99910 0.99910 0.00020 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: TENANT CHARGES - 2020 AMOUNT: $ 11. 2021 AMOUNT: $ 197. 2022 AMOUNT: $ 13. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 325000 325000 1322667 399556 923111 1248111 X 71307 0 71307 0 71307 104471 0 104471 0 104471 PART IV, LINE 2B: TENANT SECURITY DEPOSITS HELD IN ACCORDANCE WITH REGULATIONS. PART X, LINE 2: THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. FORM 990, PART VI, SECTION A, LINE 3 PROPERTY MANAGEMENT ACTIVITIES ARE PERFORMED BY THE RELATED SPONSORING ORGANIZATION, CROSSROADS COMMUNITY, INC., PURSUANT TO A CONTRACT APPROVED BY HUD. CROSSROADS COMMUNITY,INC. IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEAR ENDING JUNE 30, 2023 MANAGEMENT FEES TOTALING $5,572 WERE INCURRED. PLEASE REFER TO PART VII AND FOR THE INDIVIDUALS WHO ARE COMPENSATED BY THE RELATED MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 7A ALL DIRECTORS SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF CROSSROADS COMMUNITY, INC. OR NONMEMBER WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF CROSSROADS COMMUNITY INC. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEE WAS APPOINTED DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE DIRECTOR OF CROSSROADS COMMUNITY, INC., AND A COMPLETE COPY OF THE RETURN IS PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS HAVE A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETE A CONFLICT OF INTEREST COMPLIANCE AND DISCLOSURE STATEMENT, TO FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT SHALL BE COMPLETED UPON HIS/HER ASSOCIATION WITH THE ORGANIZATION, AND SHALL BE UPDATED ANNUALLY THEREAFTER. AN ADDITIONAL DISCLOSURE STATEMENT SHALL BE FILED AT SUCH TIME AS AN ACTUAL OR POTENTIAL CONFLICT ARISES. FOR BOARD MEMBERS, THE DISCLOSURE STATEMENTS SHALL BE PROVIDED TO THE PRESIDENT OF THE BOARD, OR IN THE CASE OF THE PRESIDENT'S DISCLOSURE STATEMENT, HIS/HER DISCLOSURE STATEMENT SHALL BE PROVIDED TO THE SECRETARY OF THE BOARD. THE PRESIDENT OR SECRETARY OF THE BOARD SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. WHENEVER THERE IS REASON TO BELIEVE THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN BANJO LANE APARTMENTS, INC. AND AN INTERESTED PARTY, THE BOARD OF DIRECTORS SHALL DETERMINE THE APPROPRIATE ORGANIZATIONAL RESPONSE. THIS SHALL INCLUDE, BUT NOT NECESSARILY BE LIMITED TO, INVOKING THE PROCEDURES DESCRIBED BELOW, WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION. - AN INTERESTED PARTY WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION OR TRANSACTION OF THE CORPORATION SHALL NOT PARTICIPATE IN ANY WAY IN, OR BE PRESENT DURING, THE DELIBERATIONS AND DECISION MAKING OF THE ORGANIZATION WITH RESPECT TO SUCH ACTION OR TRANSACTION. - THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS MAY APPROVE THE PROPOSED ACTION OR TRANSACTION UPON FINDING THAT IT IS IN THE BEST INTERESTS OF THE CORPORATION. -APPROVAL BY THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS SHALL BE BY VOTE OF A MAJORITY OF DIRECTORS IN ATTENDANCE AT A MEETING AT WHICH A QUORUM IS PRESENT. AN INTERESTED PARTY SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT, NOR FOR PURPOSES OF DETERMINING WHAT CONSTITUTES A MAJORITY VOTE OF DIRECTORS IN ATTENDANCE. -THE MINUTES OF THE MEETING SHALL REFLECT THAT THE CONFLICT DISCLOSURE WAS MADE, THE VOTE TAKEN AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION BY THE INTERESTED PATTY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 12,525. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,525. CROSSROADS COMMUNITYINC 120 BANJO LANE CENTREVILLE MD 21617 521354395 PROVIDING RESIDENTITAL, EMPLOYMENT SUPPORT, AND CASE MANAGEMENT SERVICES MD 501(C)(3) LINE 7 N/A 0 CROSSROADS COMMUNITY FOUNDATION INC 120 BANJO LANE CENTREVILLE MD 21617 521467735 PROVIDING FUNDING TO SUPPORT THE CROSSROADS COMMUNITY, INC. PROGRAM MD 501(C)(3) LINE 12A, I CROSSROADS COMMUNITY INC 0 CORSICA RIVER MENTAL HEALTH SERVICES INC 120 BANJO LANE CENTREVILLE ME 21617 300564734 PROVIDING A COMMUNITY BASED OUTPATIENT MENTAL HEALTH CLINIC MD 501(C)(3) LINE 7 CROSSROADS COMMUNITY INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0