2025-08-15T13:54:52-05:00 2024-09-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 2 BETHESDA METRO CENTER SUITE 540 BETHESDA MD 20814 990 2023-10-01 520323695 INWOOD HOUSE DEVELOPMENT CORPORATION INWO 3016496595 10921 INWOOD AVENUE SILVER SPRING MD 20902 ROBIN Y JENKINS PRESIDENT 3016496595 2025-08-15 1 1 JOSEPH CONNOLLY P01959750 3016523464 2025-08-13 2023 2025-03-06 01:10:19Z ROBIN Y JENKINS 10921 INWOOD AVENUE SILVER SPRING MD 20902 3371169 0 X WWW.INWOODHOUSE.ORG X 1978 MD PROVIDE INDEPENDENT LIVING PROGRAMS FOR LOW-INCOME AND DISABLED ADULTS. 7 7 23 7 0 0 2349029 2404043 733756 706736 125965 216966 0 43424 3208750 3371169 0 0 0 0 978080 461145 0 0 0 1291853 2010780 2269933 2471925 938817 899244 8750361 9812025 185388 297037 8564973 9514988 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 1718134 0 706736 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. 1718134 1 1 0 0 0 0 0 0 0 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 0 0 0 0 1 27 0 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 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 92722 0 40778 92722 0 40778 0 0 0 0 0 2395869 8174 2404043 RENTAL INCOME 532000 706736 706736 706736 216966 216966 OTHER TENANT CHARGES 623990 43424 43424 43424 3371169 706736 0 260390 139597 139597 176496 90595 85901 18063 7878 10185 55203 28760 26443 71786 23458 48328 107376 107376 3222 3222 14000 14000 157133 88162 68971 11047 11047 47701 401 47300 404 404 355457 317910 37547 191405 191405 8044 8044 REPAIRS AND MAINTENANCE 783444 783444 ELDERLY CARE 178077 178077 BAD DEBT EXPENSE 57422 57422 TENANT ACTIVITY 54810 54810 41238 41238 2471925 1718134 753791 0 2819335 911502 3712255 6613881 103563 77414 12640808 10600081 2035952 2040727 79256 168501 8750361 9812025 86108 206279 44519 37749 54761 53009 185388 297037 X 8564973 9514988 8564973 9514988 8750361 9812025 899244 50771 0 X 0 1 X 1 1 1 X 2278944 2307356 2363390 2349029 2404043 11702762 2278944 2307356 2363390 2349029 2404043 11702762 11702762 90047 5471 39271 125965 216966 477720 43424 43424 12223906 3450680 0.95740 0.96810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER TENANT CHARGES - 2023 AMOUNT: $ 43,424. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 225000 225000 10577458 9086211 1491247 1531173 1343264 187909 307177 170606 136571 2040727 X 3421940 50771 50771 3371169 0 3371169 2471925 0 2471925 0 2471925 PART X, LINE 2: THE CORPORATION RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2021. FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY OWNED BY THE CORPORATION IS MANAGED BY QUANTUM PROPERTY MANAGEMENT PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE FEE IS 3.61% OF GROSS COLLECTIONS OF THE PROJECT. FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, MANAGEMENT FEES WERE $107,376 AND $105,788. THERE WERE NO BOARD MEMBERS COMPENSATED BY THE MANAGEMENT COMPANY DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING BOARD MEMBERS TO FULLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS TO THE BOARD PRESIDENT (OR VICE PRESIDENT IF THE PRESIDENT IS CONFLICTED). THE POLICY MANDATES DISCLOSURE OF SPECIFIC RELATIONSHIPS AND FINANCIAL INTERESTS THAT COULD PRESENT CONFLICTS. AFTER DISCLOSURE, THE BOARD EVALUATES THE SITUATION AND DECIDES IF A CONFLICT EXISTS. IF SO, THE INTERESTED BOARD MEMBER MAY CLARIFY BUT DOES NOT PARTICIPATE IN THE DECISION. ANY RELATED TRANSACTIONS MUST BE IN THE ORGANIZATION'S BEST INTEREST AND FULLY DISCLOSED AND APPROVED BY THE BOARD AT A FORMAL MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED USING SALARY DATA FROM THE MARYLAND NONPROFITS COMPENSATION SURVEY AND AN ANNUAL PERFORMANCE EVALUATION. THE FINANCE COMMITTEE REVIEWS THE PROPOSED COMPENSATION, AND THE FULL BOARD APPROVES IT DURING THE ANNUAL BUDGET PROCESS. 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 CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.