Greater Baltimore Ahc Inc

Nonprofit profile at a glance

EIN
331084573
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Arlington, VA, USA
Phone
7034860626
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$1,097,185
Expenses
$1,464,261
Assets
$13,860,874
Liabilities
$10,219,392

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • PAUL BERNARD (PRESIDENT & CEO)
  • MARY CLAIRE DAVIS (SECRETARY & VICE PRESIDENT)

Highest reported compensation

  • PAUL BERNARD (PRESIDENT & CEO): $397,149 total reported compensation
  • MARY CLAIRE DAVIS (SECRETARY & VICE PRESIDENT): $257,094 total reported compensation
  • STEVE YEATMAN (TREASURER & CFO (PART YEAR)): $209,221 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Greater baltimore ahc, inc. Develops affordable housing and helps communities thrive. We provide a wide array of social services in our community centers to help residents build more stable and successful lives.

What it reported doing in 2024

Multifamily housing development - greater baltimore ahc, inc. (ahc-gb) takes a holistic approach to affordable housing. Ahc-gb creates innovative real estate development/acquisition strategies and pairs them with life-changing programs for residents. Founded in 2004, the growing portfolio of 11 multifamily communities provides over 2,100 apartment and townhome homes to low-income and extremely low-income residents of baltimore city, baltimore county, and suburban Maryland. Ahc-gb is a subsidiary of nonprofit affordable housing developer ahc inc., based in arlington, va.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 90
  • Accountability: 66
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -33.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 9.47; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 30.1%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.3% of spending went to programs
  • Governance: 2 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $397K · 7 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 107 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Independent voting board scored 50/100.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.