Monterey Apartments Inc C/o L Hayes & Associates Inc

Nonprofit profile at a glance

EIN
521276311
IRS 990-EZ coverage
2021–2021
Forms available
Form 990-EZ 2021
Location
Beltsville, MD, USA
Phone
3019826207
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$193,125
Expenses
$230,369
Assets
$113,761
Liabilities
$630,513

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ALLECIA DAVIS (PRESIDENT)
  • RELDA FENNELL (VICE PRESIDENT)

People named in this filing

  • ALLECIA DAVIS (PRESIDENT)
  • RELDA FENNELL (VICE PRESIDENT)
  • TONI BLOUNT (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing under section 221(d)(4) of the national housing act.

What it reported doing in 2021

Monterey apartments, inc. Was organized in march 1982 under the provisions of the state of Maryland for the purpose of constructing and operating housing and related facilities for low and moderate income families. The entity was financed through the u.s. Department of housing and urban development ("hud") under section 221(d)(4) of the national affordable housing act and consists of 15 units. Such entities are regulated by hud as to rent charges and operating methods.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 20
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -19.3%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 5.54; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.