2026-08-17T15:28:47-05:00 2025-09-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 2 BETHESDA METRO CENTER SUITE 540 BETHESDA MD 20814 990 2024-10-01 520323695 INWOOD HOUSE DEVELOPMENT CORPORATION INWO 3016496595 10921 INWOOD AVENUE SILVER SPRING MD 20902 ROBIN Y JENKINS PRESIDENT 3016496595 2026-08-17 1 1 JOSEPH CONNOLLY P01959750 3016523464 2026-08-10 2024 2025-03-06 01:10:19Z ROBIN Y JENKINS 10921 INWOOD AVENUE SILVER SPRING MD 20902 3557862 0 X WWW.INWOODHOUSE.ORG X 1978 MD PROVIDE INDEPENDENT LIVING PROGRAMS FOR LOW-INCOME AND DISABLED ADULTS AND SENIORS. 7 7 24 45 0 0 2404043 2546107 706736 706222 216966 300923 43424 4610 3371169 3557862 0 0 0 0 461145 629249 0 0 0 2010780 2098760 2471925 2728009 899244 829853 9812025 10500564 297037 153350 9514988 10347214 CHANGING LIVES FOR THE BETTER BY PROVIDING AFFORDABLE, SAFE AND ACCESSIBLE APARTMENTS FOR LOW-INCOME ADULTS WITH DISABILITIES AND SENIORS IN AN ACCEPTING, RESPECTFUL, SUPPORTIVE INDEPENDENT-LIVING COMMUNITY. 0 0 1823132 0 706222 INWOOD HOUSE IS AN INDEPENDENT LIVING APARTMENT COMMUNITY 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. 1823132 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 0 0 24 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 THRU 12/2024 1.00 X 0 0 0 NARGIZA POLVANOVA DIRECTOR 1.00 X 0 0 0 KEN TECLER DIRECTOR 1.00 X 0 0 0 MELISA BELL EXECUTIVE DIRECTOR 40.00 X 104803 0 43174 104803 0 43174 1 0 0 0 QUANTUM REAL ESTATE MANAGEMENT LLC 5101 RIVER ROAD SUITE 101 BETHESDA MD 20816 MANAGEMENT SERVICES 107893 1 2541036 5071 2546107 RENTAL INCOME 532000 706222 706222 706222 300923 300923 OTHER TENANT CHARGES 623990 4610 4610 4610 3557862 706222 0 305533 111133 111133 290680 104847 185833 15991 5905 10086 106713 28288 78425 104732 27763 76969 109327 109327 11655 11655 14700 14700 140355 68984 71371 17261 17261 42368 2198 40170 37334 37334 423125 383366 39759 185453 185453 13665 13665 REPAIRS AND MAINTENANCE 743604 743604 ELDERLY CARE 259059 259059 BAD DEBT EXPENSE 29718 29718 TENANT ACTIVITY 29313 29313 41823 41823 2728009 1823132 904877 0 911502 838249 6613881 7093663 77414 37394 87500 5784 13222776 10785534 2040727 2437242 81001 88232 9812025 10500564 206279 63861 37749 36777 53009 52712 297037 153350 X 9514988 10347214 9514988 10347214 9812025 10500564 829853 2373 0 X 0 1 X 1 1 1 X 2307356 2363390 2349029 2404043 2546107 11969925 2307356 2363390 2349029 2404043 2546107 11969925 11969925 5471 39271 125965 216966 300923 688596 43424 4610 48034 12706555 3470597 0.94200 0.95740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER TENANT CHARGES - 2023 AMOUNT: $ 43,424. 2024 AMOUNT: $ 4,610. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 225000 225000 10652988 9178834 1474154 2018261 1420301 597960 326527 186399 140128 2437242 X 3560235 2373 2373 3557862 0 3557862 2728009 0 2728009 0 2728009 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, 2022. FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY OWNED BY THE CORPORATION IS MANAGED BY QUANTUM REAL ESTATE MANAGEMENT, LLC PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. EFFECTIVE JANUARY 1, 2025, THE FEE WAS ADJUSTED FROM 3.61% TO 3.43% OF GROSS COLLECTIONS OF THE PROJECT. FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND 2024, MANAGEMENT FEES WERE $109,327 AND $107,376. NO BOARD MEMBERS WERE 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 THE BOARD OF DIRECTORS AND A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS ELECTRONICALLY PRIOR TO FILING WITH THE IRS. THE BOARD OF DIRECTORS VOTES TO APPROVE THE 990 OR SUGGESTS CHANGES EITHER DURING A BOARD MEETING OR BY ELECTRONIC MEANS. 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. EMPLOYEES FOLLOW A WRITTEN ETHICS AND CONFLICT OF INTEREST POLICY FROM THE MANAGEMENT AGENT. THE POLICY REQUIRES THAT ANY CONFLICTS OR POTENTIAL CONFLICTS ARE TO DISCLOSED TO SENIOR MANAGEMENT OF THE MANAGEMENT AGENT. CONFLICTS ARE THEN REVIEWED BY DISINTERESTED OFFICERS TO ENSURE FAIRNESS. 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. THIS PROCESS WAS COMPLETED IN 2024 FOR THE FY25 FISCAL YEAR. DECISIONS ON COMPENSATION ARE DOCUMENTED IN BOARD MINUTES. 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.