2025-03-14T09:39:40-05:00 2024-06-30 521273734 LSWG PA 201 THOMAS JOHNSON DRIVE FREDERICK MD 21702 990 2023-07-01 521708782 INTERFAITH HOUSING ALLIANCE INC INTE 3016624225 22 S MARKET STREET STE 217 FREDERICK MD 217015570 JODIE OSTOICH PRESIDENT 3016624225 2025-02-21 1 0 C EVA WEBB P01251814 3016629200 2023 2025-03-06 01:10:19Z JODIE OSTOICH 22 S MARKET STREET STE 217 FREDERICK MD 217015570 1974425 0 X INTERFAITHHOUSING.ORG X 1990 MD TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME TO MODERATE INCOME FAMILIES. 7 7 27 14 0 0 1010053 754740 942128 629406 41327 80841 2537 12091 1996045 1477078 0 0 0 0 1132133 1219420 0 0 7120 710249 770928 1842382 1990348 153663 -513270 2946155 3222887 2997994 3847199 -51839 -624312 X TO STRENGTHEN COMMUNITIES BY PROVIDING AFFORDABLE HOUSING OPPORTUNITIES AND SUPPORTIVE SERVICES TO IMPROVE THE QUALITY OF LIFE AND ECONOMIC STABILITY FOR SENIORS, WORKING FAMILIES, AND INDIVIDUALS. 0 0 1809398 1338512 IHA HAS COMPLETED OVER 1,532 HOUSING UNITS AND HAS ALSO ASSISTED OTHER COMMUNITY ORGANIZATIONS IN ADDRESSING HOUSING ISSUES FOR SPECIAL NEEDS POPULATIONS. IHA'S BASIC STRATEGY HAS BEEN TO DEVELOP PROJECTS IN COLLABORATION WITH LOCAL GOVERNMENTS, SOCIAL SERVICE AGENCIES, AND THE BUSINESS AND FAITH COMMUNITIES. BECAUSE OF THESE RELATIONSHIPS, IHA HAS DEVELOPED A SUCCESSFUL MODEL FOR COMMUNITY DEVELOPMENT BY SERVING AS A CATALYST IN ASSEMBLING LAND, FINANCIAL AND TECHNICAL RESOURCES. THE HOUSING DEVELOPED BY THE ORGANIZATION HAS CLEAR ECONOMIC DEVELOPMENT BENEFITS THROUGH THE CREATION OF JOBS FOR ITS PROJECTS, AND BY SUPPORTING PROGRAM PARTICIPANTS TO BECOME ACTIVE CONTRIBUTORS TO THE COMMUNITIES IN WHICH THEY RESIDE. IHA PROVIDES ACCESS TO FINANCIAL WELL-BEING AND HOUSING STABILITY PROGRAMS THAT ASSIST HOMEBUYERS WITH EACH STEP IN THE BUYING PROCESS AND PROVIDES SUPPORTIVE SERVICES FOR RESIDENTS IN MANAGED AFFORDABLE HOUSING COMMUNITIES TO INCREASE THEIR ACCESS TO PHYSICAL, SOCIAL, MENTAL AND FINANCIAL WELL-BEING. 1809398 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 1 1 0 0 0 1 14 0 27 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MD X JODIE OSTOICH PRESIDENT 3016624225 22 S MARKET ST STE 217 FREDERICK MD 21701 KIMBERLY ASHKENAZI VICE CHAIRMAN 2.00 X X 0 0 0 PATRICIA GALLOWAY CHAIRMAN 2.00 X X 0 0 0 CHRIS HESEN TREASURER 2.00 X X 0 0 0 AMY VOIGT DIRECTOR 1.00 X 0 0 0 WAKEENA JACKSON SECRETARY 2.00 X X 0 0 0 ERIC SOTER DIRECTOR 1.00 X 0 0 0 DAN EBERSOLE DIRECTOR 1.00 X 0 0 0 SWEETY PATEL DIRECTOR 1.00 X 0 0 0 EVAN OWENS DIRECTOR 1.00 X 0 0 0 JODIE OSTOICH PRESIDENT/CEO 40.00 X 125382 0 14669 ANNA RINI DIRECTOR OF FINANCE 40.00 X 100534 0 12064 225916 0 26733 2 0 0 0 0 250830 503910 754740 RENTAL OF LOW INC HOUS 531110 425476 425476 PROPERTY MANAGEMENT 531310 140383 140383 SUPPORTIVE SERVICES 531390 45634 45634 DEVELOPER FEE REVENUE 531390 17913 17913 629406 10440 10440 567748 484606 12741 83142 -12741 70401 70401 MISCELLANEOUS REVENUE 531390 12091 12091 12091 1477078 629406 0 92932 273953 246558 27395 756981 710007 45034 1940 112947 97991 14956 75539 71035 4353 151 2977 2977 76303 72908 3303 92 27951 6098 19753 2100 1194 624 570 57568 44122 11017 2429 49567 30373 19194 145797 128051 17746 23204 20269 2935 466 466 52957 49078 3879 67899 65769 2072 58 REPAIRS AND MAINTENANCE 209065 209065 GRANTS PAID TO WHOLLY-O 40056 40056 TOOLS AND SUPPLIES 7890 7890 TAXES AND LICENSES 3457 3107 350 4577 2954 1623 1990348 1809398 173830 7120 169929 87859 175475 158350 446291 338224 191431 584595 1014345 17216 14447 4391811 3399489 857852 992322 561149 120416 982 936 240733 196490 2946155 3222887 136580 51910 2159 832909 2675078 2589412 145565 184177 227403 2997994 3847199 X -51839 -624312 -51839 -624312 2946155 3222887 -513270 -59203 0 X 0 1 X 1 0 X 607379 643725 707572 1010053 754740 3723469 607379 643725 707572 1010053 754740 3723469 594778 3128691 22831 21324 28030 26373 10440 108998 26748 28382 2768 2537 12091 72526 3904993 3241674 0.80120 0.80090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 26,748. 2020 AMOUNT: $ 28,382. 2021 AMOUNT: $ 2,768. 2022 AMOUNT: $ 2,537. 2023 AMOUNT: $ 12,091. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 483590 483590 3046201 3023613 22588 436410 234260 202150 39839 29121 10718 385771 112495 273276 992322 DUE FROM RELATED PARTIES 196490 196490 TENANT SECURITY DEPOSITS 35726 DEVELOPMENT FEE PAYABLE 5178 DEFERRED INTEREST PAYABLE 186499 227403 X 1417875 -59203 -59203 1477078 0 1477078 1990348 0 1990348 0 1990348 PART V, LINE 4: TO SUPPORT THE MISSION OF THE ORGANIZATION. PART X, LINE 2: IHA PREVIOUSLY ADOPTED THE PROVISIONS OF FASB ASC 740, INCOME TAXES, FOR THE RECOGNITION REQUIREMENTS OF UNCERTAIN INCOME TAX PROVISIONS AS REQUIRED BY U.S. GAAP. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL BE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. IHA BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON ITS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, NO RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS EXISTED AT JUNE 30, 2024. INTERFAITH HOUSING IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES OTHER THAN THE BOARD OF DIRECTORS THAT DOCUMENTED MEETINGS HELD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PROVIDED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE WHO REVIEWED THE RETURN AND PROVIDED FEEDBACK TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DISCUSSES POTENTIAL CONFLICTS OF INTEREST AT BOARD OF DIRECTORS MEETINGS AND REQUIRES THAT ITS BOARD MEMBERS ANNUALLY UPDATE A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT IS DETERMINED BY A BOARD OF DIRECTOR'S REVIEW OF THE PRESIDENT'S ACCOMPLISHMENT OF GOALS AND PERFORMANCE AND COMPARING COMPENSATION AGAINST HISTORICAL RATES. 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. 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