Overlea Homes Inc

Nonprofit profile at a glance

EIN
522305067
IRS 990-EZ coverage
2015–2024
Forms available
Form 990 2014, Form 990-EZ 2024
Location
Baltimore, MD, USA
Phone
4103664299
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$126,996
Expenses
$156,017
Assets
$327,389
Liabilities
$551,271

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

Leadership & pay

3 people listed

Executive titles in this filing

  • DALE MEYER (PRESIDENT/CEO)

People named in this filing

  • CHAMBERLAIN DIALA (CHAIRMAN)
  • KEVIN GREOSKI (TREASURER)
  • DALE MEYER (PRESIDENT/CEO)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing to persons with disabilities under section 811 of the national affordable housing act.

What it reported doing in 2024

Overlea homes, inc. Is a Maryland corporation organized in march 2001 for the purpose of acquiring, developing and operating housing and related facilities which consist of 12 units located in baltimore, Maryland for persons with disabilities. The entity receives assistance under provisions of section 811 of the national affordable housing act. Such projects are regulated by the u.s. Department of housing and urban development as to rent charges and operating methods.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
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. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Sustainability: 35
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 99
  • Program expense ratio: 80.2%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -22.9%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.1; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 1.68; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: -3.5% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 80.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $125K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 8 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.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.