2024-02-22T14:22:37-05:00 2023-06-30 521373858 DELEON & STANG CPAS AND ADVISORS 150 S EAST ST STE 103 FREDERICK MD 217016175 990 2022-07-01 471551850 PCR HOUSE INC PCRH 3013650561 9200 KENTSDALE DRIVE POTOMAC MD 20854 STEPHEN RILEY PRESIDENT 3013650561 2024-02-20 true STEPHEN RILEY XXX-XX-XXXX false CLINT LEHMAN CPA P00840525 3012507400 2024-02-22 2022 2023-04-26 12:10:37Z STEPHEN RILEY 9200 KENTSDALE DRIVE POTOMAC MD 20854 87694 false X N/A X 2014 MD CONSTRUCTION AND OPERATION OF A HOUSE FOR INDIVIDUALS WITH INTELLECTUAL/ DEVELOPMENTAL DISABILITIES. 5 5 0 0 65277 38830 45915 48864 0 0 111192 87694 0 0 12598 9855 0 0 78794 77038 91392 86893 19800 801 1629161 1592511 37451 0 1591710 1592511 TO PROVIDE SAFE, AFFORDABLE, COMMUNITYBASED RESIDENTIAL OPPORTUNITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DIFFERENCES/INTELLECTUAL DISABILITIES. false false 53191 48864 THE ORGANIZATION HAS COLLABORATED WITH OUR LADY OF MERCY PARISH, THE ARCHDIOCESE OF WASHINGTON, MONTGOMERY COUNTY, MARYLAND, AND THE STATE OF MARYLAND TO CONSTRUCT A HOUSE FOR INDIVIDUALS WITH INTELLECTUAL/ DEVELOPMENTAL DISABILITIES. HOUSE CONTRUCTION EXPENSES ARE CAPITALIZED AND REPORTED ON THE ORGANIZATION'S BALANCE SHEET. 53191 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false false X 5 5 false false false false false false false true false false false true true true true false false false false false X JANETTE SCHWARTZ 7034626200 8330 BOONE BLVD SUITE 350 VIENNA VA 22182 X KATHLEEN SULLIVAN TYSON BOARD CHAIR 1.00 X X 0 0 0 STEPHEN RILEY PRESIDENT 1.00 40.00 X X 0 0 0 MSGR CHARLES V ANTONICELLI VICE PRESIDE 1.00 X X 0 0 0 DANIEL VERNER TREASURER 1.00 X X 0 0 0 EDWARD QUINN VP AND SECRE 1.00 X X 0 0 0 false false false X 38830 38830 FAMILY SUPPORT 900099 28371 28371 RENTAL PAYMENTS 900099 20493 20493 48864 87694 48864 X 9855 9855 6569 6569 12600 12600 35644 35644 256 256 12516 12516 HOSPITALITY 4900 4900 MISCELLANEOUS 4422 4422 HOUSEHOLD SUPPLIES 131 131 86893 53191 33702 0 X 73498 36848 1555663 1555663 1555663 1629161 1592511 37451 37451 0 X 1591710 1592511 1591710 1592511 1629161 1592511 801 X X false false false X 19776 40886 48074 65277 38830 212843 19776 40886 48074 65277 38830 212843 212843 2168 2168 215011 133439 0.98990 X PART II, LINE 10 2,168 1525031 1525031 30632 30632 1555663 FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S OUTSOURCED ACCOUNTANTS, AS WELL AS THE PRESIDENT AND TREASURER BOARD OF DIRECTORS PRIOR TO BEING FILED. THE FORM 990 IS ALSO DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C WHEN AN ACTUAL OR POTENTIAL CONFLICT EXISTS BETWEEN THE INTERESTS OF PCR HOUSE, INC. AND AN INTERESTED PARTY WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION, THE INTERESTED PARTY SHALL NOT PARTICIPATE OR BE PRESENT DURING THE DELIBERATIONS AND DECISION MAKING OF THE ORGANIZATION. THE INTERESTED PARTY MAY UPON REQUEST BE AVAILABLE TO ANSWER QUESTIONS OR PROVIDE FACTUAL INFORMATION. AN INTERESTED PARTY IS NOT INCLUDED IN THE VOTE. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE CONFLICT DISCLOSURE WAS MADE, THE VOTE TAKEN WHERE APPLICABLE AND THE ABSTENTION FROM DISCUSSION AND VOTING BY THE INTERESTED PARTY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION WOULD CONSIDER MAKING THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IF REQUESTED TO DO SO. HOWEVER, THESE DOCUMENTS ARE TYPICALLY NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING 0 12,600 0 FORM 990, PART XI THE ORGANIZATION DEFINES BOARD-DESIGNATED OPERATING RESERVES AS THE PORTION OF "UNRESTRICTED NET ASSETS" THAT THE BOARD HAS DESIGNATED FOR USE IN EMERGENCIES TO SUSTAIN FINANCIAL OPERATIONS IN THE EVENT OF SIGNIFICANT UNBUDGETED INCREASES IN OPERATING EXPENSES AND/OR LOSSES IN OPERATING REVENUES. THE AMOUNT OF ACCUMULATED "UNRESTRICTED NET ASSETS" IS INCREASED OR DECREASED AS THE RESULT OF ANNUAL OPERATING SURPLUSES OR DEFICITS. THE ORGANIZATION PURSUES FINANCIAL STABILITY BY BUDGETING FOR - AND THEN ACHIEVING REASONABLE, MODEST SURPLUSES YEAR AFTER YEAR TO MEET THEIR OPERATING RESERVE OBJECTIVES. THE ORGANIZATION RECEIVED A SPECIAL UNRESTRICTED DONOR CONTRIBUTION OF 20,000 DURING FY 2022 TO INCREASE THE OPERATING RESERVE, WHICH THE BOARD HAS DESIGNATED AS A CONTRIBUTION TO THE OPERATING RESERVE. THE BALANCE OF BOARD-DESIGNATED OPERATING RESERVE HELD BY THE ORGANIZATION AT 6/30/2023 IS CALCULATED AS FOLLOWS: TOTAL LIABILITIES AND NET ASSETS/FUND BALANCES 1,592,511 LESS: RESTRICTED FUND BALANCES 0 LESS: EQUITY IN FIXED ASSETS (1,555,663) UNRESTRICTED NET ASSETS AVAILABLE FOR DESIGNATION 36,848 LESS: BOARD-DESIGNATED OPERATING RESERVE 36,000 UNDESIGNATED OPERATING FUNDS 848 PCR HOUSE CALCULATES ITS RESULTS FROM OPERATIONS, LESS CONTRIBUTIONS, AS FOLLOWS: PROGRAM SERVICE REVENUE OF 48,864 LESS EXPENSES OF 86,893 - RESULTING IN AN OPERATING DEFICIT OF (38,029) FOR FY 2023. FORM 990, PART XII THE ORGANIZATION PREPARES ITS FINANCIAL STATEMENTS ON A MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING RATHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. CONSEQUENTLY, CERTAIN REVENUE IS RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED OR PROMISED AND EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. ASSETS AND LIABILITIES ARISING FROM TRANSACTIONS THAT ARE ALSO RECORDED INCLUDE: (1) AMOUNTS RECEIVABLE FROM OR PAYABLES TO AFFILIATES, AND (2) THE COST OF PROPERTY AND EQUIPMENT. POTOMAC COMMUNITY RESOURCES INC 9200 KENTSDALE DRIVE POTOMAC MD 20854 522286949 PROGRAMS MD C3 7 N/A false false false true false false false false false false false false false false false false true false false true POTOMAC COMMUNITY RESOURCES C 55875 COST POTOMAC COMMUNITY RESOURCES P 44063 COST POTOMAC COMMUNITY RESOURCES S 1925 COST