2024-02-27T15:01:59-06:00 2023-09-30 521186096 RUBINO AND COMPANY CHARTERED 1960 GALLOWS ROAD SUITE 340 VIENNA VA 22182 990 2022-10-01 520323695 INWOOD HOUSE DEVELOPMENT CORPORATION INWO 3016496595 10921 INWOOD AVENUE SILVER SPRING MD 20902 ROBIN Y JENKINS PRESIDENT 3016496595 2024-02-27 1 ROBIN JENKINS 999009999 0 ROBERT A KOZAK CPA P01060177 7035069700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBIN Y JENKINS 10921 INWOOD AVENUE SILVER SPRING MD 20902 3208750 0 X WWW.INWOODHOUSE.ORG X 1978 MD PROVIDE INDEPENDENT LIVING PROGRAMS FOR LOW-INCOME AND DISABLED ADULTS. 7 7 26 7 0 0 2363390 2349029 654027 733756 39271 125965 0 0 3056688 3208750 0 0 0 0 795636 978080 0 0 0 1385491 1291853 2181127 2269933 875561 938817 7856552 8750361 238598 185388 7617954 8564973 INWOOD HOUSE OPERATES AN 150-UNIT APARTMENT BUILDING, PROVIDING HOUSING AND RELATED APARTMENT LIVING AMENITIES TO PERSONS WHO ARE LOW-INCOME, DISABLED, AND/OR ELDERLY. TENANTS' RENTAL SUBSIDY ASSISTANCE IS PROVIDED THROUGH HUD SECTION 8 RENT PROGRAMS. 0 0 1829248 733756 INWOOD HOUSE IS AN INDEPENDENT LIVING APARTMENT FACILITY WHICH PROVIDES SAFE, AFFORDABLE AND ACCESSIBLE RENTAL HOUSING FOR PERSONS WHO ARE CONSIDERED LOW-INCOME UNDER HUD SECTION 8 STANDARDS AND ARE DISABLED, HANDICAPPED OR ELDERLY. 1829248 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 1 24 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 0 1 1 0 0 1 1 0 0 0 1 0 0 0 X QUANTUM REAL ESTATE MANAGEMENT 3019418040 5101 RIVER ROAD STE 101 BETHESDA MD 20816 ROBIN Y JENKINS PRESIDENT 1.00 X X 0 0 0 MANDY MERCHANT VICE PRESIDENT 1.00 X X 0 0 0 NICOLE SPRINGIRTH TREASURER 1.00 X X 0 0 0 DR KIMBERLY COLEMAN SECRETARY 1.00 X X 0 0 0 DARCEL COX DIRECTOR 1.00 X 0 0 0 DAVID LEE DIRECTOR 1.00 X 0 0 0 KEN TECLER DIRECTOR 1.00 X 0 0 0 MELISA BELL EXECUTIVE DIRECTOR 40.00 X 89114 0 12602 89114 0 12602 0 0 0 0 0 2344288 4741 2349029 RENTAL INCOME 532000 699862 699862 TENANT CHARGES 623990 33894 33894 733756 125965 125965 3208750 733756 0 125965 98779 98779 710316 515904 194412 110979 80823 30156 58006 40604 17402 105788 105788 6620 6620 12500 12500 13443 13443 149634 138965 10669 3456 3456 179094 179094 60742 60742 OPERATING & MAINTENANCE 460669 460669 UTILITIES 236769 236769 BAD DEBTS 37734 37734 ADMIN RENT FREE UNIT 25404 25404 2269933 1829248 440685 0 2215497 2819335 58209 103563 12444628 10408676 2108513 2035952 3474333 3791511 7856552 8750361 130822 86108 54013 44519 53763 54761 238598 185388 X 7617954 8564973 7617954 8564973 7856552 8750361 938817 8202 0 X 0 1 X 1 1 1 X 2255693 2278944 2307356 2363390 2349029 11554412 2255693 2278944 2307356 2363390 2349029 11554412 11554412 119888 90047 5471 39271 125965 380642 11935054 2057639 0.96810 0.97810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225000 225000 10509423 8990660 1518763 1397528 1258519 139009 312677 159497 153180 2035952 REPLACEMENT RESERVES 3237633 RESIDUAL RECEIPTS 474622 SECURITY DEPOSITS 79256 3791511 SECURITY DEPOSITS 54761 54761 X 3216952 8202 8202 3208750 0 3208750 2269933 0 2269933 0 2269933 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND FROM MARYLAND INCOME TAXES. THE CORPORATION'S FEDERAL INCOME TAX RETURNS FOR 2022, 2021, AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION A, LINE 3 QUANTUM REAL ESTATE MANAGEMENT PROVIDES PROFESSIONAL MANAGEMENT SERVICES TO INWOOD HOUSE DEVELOPMENT CORPORATION. INWOOD HOUSE DEVELOPMENT CORPORATION PAYS A MANAGEMENT SERVICES FEE TO QUANTUM REAL ESTATE MANAGEMENT FOR THE MANAGEMENT SERVICES THEY PROVIDE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE DIRECTORS. THE AFFAIRS FOR THE CORPORATION SHALL BE CONDUCTED EXCLUSIVELY BY THE BOARD OF DIRECTORS. THERE SHALL BE NO OTHER FORM OF MEMBERSHIP OR VOTING RIGHTS IN THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS FOR THE BOARD OF DIRECTORS ARE HELD DURING THE ANNUAL MEETING OF THE MEMBERS IN SEPTEMBER. THE INWOOD HOUSE NOMINATING COMMITTEE, AFTER DUE CONSIDERATION OF THE QUALIFICATIONS OF THE CANDIDATES, SHALL SUBMIT A SLATE WHICH INCLUDES THE NAMES OF CANDIDATES TO BE CONSIDERED AND VOTED ON FOR EACH VACANCY ON THE BOARD OF DIRECTORS DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.