2024-05-14T04:38:15-05:00 2023-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-01-01 510220688 SECOND SAINT MARY'S HOUSING CORPORATION SECO 3019418040 5101 RIVER ROAD 101 BETHESDA MD 20816 KEVIN WHITE PRESIDENT 3019418040 2024-05-07 1 KEVIN WHITE 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 3016529100 2024-05-06 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z KEVIN WHITE 5101 RIVER ROAD 101 BETHESDA MD 20816 1926956 0 X N/A X 1978 VA 129 RENTAL APARTMENTS FOR VERY LOW-INCOME SENIOR CITIZENS. 5 5 0 5 0 0 0 0 1550173 1922002 127 3598 0 1356 1550300 1926956 0 0 0 0 568015 607065 0 0 0 883758 988404 1451773 1595469 98527 331487 3363030 4527599 3334176 4167258 28854 360341 TO ACQUIRE AND MAINTAIN AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS. 0 0 1497038 1923358 129 RENTAL APARTMENTS FOR VERY LOW-INCOME SENIOR CITIZENS 1497038 0 0 0 0 0 0 0 1 0 1 0 0 1 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 1 27 0 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X MARGARET P BESSETTE 3019418040 5101 RIVER ROAD SUITE 101 BETHESDA MD 20816 X CHARLES WILSON SECRETARY/TREASURER 0.50 0.50 X X 0 0 0 KEVIN WHITE PRESIDENT 0.50 1.00 X X 0 0 0 SCOTT KLINE DIRECTOR 0.50 0.50 X 0 0 0 MICHAEL FONT VICE PRESIDENT 0.50 0.50 X X 0 0 0 FATHER RICHARD GUEST DIRECTOR 0.50 0.50 X 0 0 0 0 0 0 0 0 0 0 SCHINDLER ELEVATOR CORPORATION 6800 MUIRKIRK ROAD BELTSVILLE MD 20705 ELEVATOR SERVICES 332410 1 TENANT ASSISTANCE PAYM 531110 1414339 1414339 RENTAL INCOME 531110 498921 498921 LAUNDRY & VENDING 531110 8742 8742 1922002 3598 3598 1356 1356 1356 1926956 1923358 0 3598 X 453988 453988 84146 84146 68931 68931 88231 88231 20887 20887 10200 10200 12992 12992 38981 38981 280749 280749 82940 82940 156302 156302 REPAIRS AND MAINTENANCE 239079 239079 OTHER RENTING EXPENSES 25088 25088 OTHER FINANCIAL EXPENSE 12500 12500 OTHER TAXES AND INSURAN 6069 6069 14386 14386 1595469 1497038 98431 0 1591276 1042759 2459 50682 163096 111176 7652831 5221402 1563345 2431429 42854 891553 3363030 4527599 99299 159760 4013 5034 40864 40193 3190000 3962271 3334176 4167258 X 28854 360341 28854 360341 3363030 4527599 331487 0 X 0 1 X 0 1 1 0 1 X 160000 160000 6197264 4768772 1428492 8048 8048 0 1287519 444582 842937 2431429 TENANT DEPOSITS 37000 RESERVE FOR REPLACEMENTS 854553 891553 X 1926956 0 1926956 0 1926956 1595469 0 1595469 0 1595469 PART IV, LINE 2B: THE AMOUNTS OF $40,193 AND $40,864 AS OF DECEMBER 31, 2023, AND 2022, RESPECTIVELY, REPRESENT ESCROW ACCOUNT OF TENANT SECURITY HELD IN TRUST. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. 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. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 B, LINE 11B THE DRAFT TAX RETURN IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD REVIEWS THE TAX RETURN AND RESOLVES ANY QUESTIONS. THE BOARD SENDS APPROVAL TO THE TAX PREPARER TO FINALIZE THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY REQUIRE EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHICH IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. THE BOARD OF DIRECTORS WILL REVIEW ALL THE FACTS AND CIRCUMSTANCES OF THE ACTUAL OR POTENTIAL CONFLICT TO DETERMINE IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS/WAS REASONABLY POSSIBLE AND IF NOT, DETERMINE THAT THE ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT AND IS FAIR AND REASONABLE. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11A MANAGEMENT EXPENSE: QUANTUM REAL ESTATE MANAGEMENT, LLC MANAGES THE PROPERTY IN ACCORDANCE WITH A PROPERTY MANAGEMENT AGREEMENT. THE PROPERTY MANAGEMENT FEE FOR THE YEAR ENDED DECEMBER 31, 2023 WAS $88,231. SAINT MARY'S HOUSING CORPORATION 5101 RIVER ROAD SUITE 101 BETHESDA MD 20816 510210514 APARTMENT RENTAL TO LOW INCOME ELDERY PERSONS VA 501(C)(4) 0 CECELIA HOUSING INC 5101 RIVER ROAD SUITE 101 BETHESDA MD 20816 521214517 APARTMENT RENTAL TO LOW INCOME ELDERY PERSONS VA 501(C)(4) SAINT MARY'S HOUSING CORPORATION 0 SAINT MARY'S COMMUNITIES INC 5101 RIVER ROAD SUITE 101 BETHESDA MD 20816 921991221 APARTMENT RENTAL TO LOW INCOME ELDERY PERSONS VA 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0