2024-09-20T14:45:15-05:00 2023-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2023-01-01 521738992 PATRICIA AND MARK JOSEPH SHELTER FOUNDATION INC PATR 4109620595 2 HAMILL ROAD 339 BALTIMORE MD 21210 MARK K JOSEPH PRESIDENT 4109620595 2024-09-19 1 1 JULIA FLANNERY P00928918 4102469300 2024-09-18 2023 2024-08-08 14:25:15Z X MARK K JOSEPH 2 HAMILL ROAD 339 BALTIMORE MD 21210 8262175 0 X N/A X 1988 MD TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LOW AND MODERATE INCOME AND TO MAKE GRANTS TO NONPROFIT ORGANIZATIONS AND AGENCIES THAT ADDRESS THE NEEDS OF CHILDREN, THE ELDERLY AND THE COMMUNITY. 7 7 1 7 0 0 17000 0 3156574 3122270 1032199 1154185 21347 22014 4227120 4298469 2357070 4550380 0 0 451048 476336 0 0 0 2073701 1952229 4881819 6978945 -654699 -2680476 42394224 43918473 8574301 8912153 33819923 35006320 X TO PROVIDE HOUSING, INCLUDING OWNING, INVESTING IN AND OPERATING RENTAL HOUSING PROJECTS AND ALL RELATED AMENITIES TO BENEFIT HOMELESS PERSONS, THE ELDERLY AND PERSONS OF LOW OR MODERATE INCOME; TO EDUCATE THE PUBLIC ABOUT HOUSING NEEDS; TO PROVIDE EDUCATION AND TRAINING IN HOUSING MANAGEMENT AND RELATED SERVICES; AND TO OPERATE PROGRAMS WHICH AID DISTRESSED URBAN AREAS. 0 0 6517377 4550380 3144284 TO PROVIDE HOUSING FOR THE BENEFIT OF THE ELDERLY LOW-INCOME, AND HOMELESS. 6517377 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MD X TRACEY TIZARD 4109620595 2 HAMILL ROAD 339 BALTIMORE MD 21210 PATRICIA H JOSEPH CHAIRPERSON 1.00 X X 0 0 0 JESSICA K JOSEPH VICE-PRESIDENT 1.00 X X 0 0 0 CARA S WEIMAN VICE-PRESIDENT 1.00 X X 0 0 0 ROBERT C EMBRY JR SECRETARY 1.00 X X 0 0 0 PATRICIA P BAUM DIRECTOR 1.00 X 0 0 0 JONATHAN D EISNER DIRECTOR 1.00 X 0 0 0 SHALE D STILLER DIRECTOR 1.00 X 0 0 0 TRACEY R TIZARD ASSISTANT SECRETARY 1.00 X 41110 0 0 MARK K JOSEPH PRESIDENT/TREASURER 1.00 X 0 0 0 41110 0 0 0 0 0 0 ENTERPRISE RESIDENTIAL LLC 875 HOLLINS ST 202 BALTIMORE MD 21201 MANAGEMENT FEE 213532 RBC WEALTH MANAGEMENT 1906 TOWN CENTER BLVD SUITE 375 ANNAPOLIS MD 21401 ASSET MANAGEMENT FEE 108338 2 RENTAL INCOME 531110 3122270 3122270 3122270 973368 973368 4144523 3963706 180817 180817 180817 OTHER INCOME 531110 22014 22014 22014 4298469 3144284 0 1154185 4550380 4550380 41110 39590 1520 333230 320910 12320 98252 98252 3744 3744 213532 213532 5842 5842 85022 85022 108338 108338 125292 105325 19967 521713 517621 4092 408952 408952 297818 297818 9783 9783 OPERATIONS & MAINTENANC 162147 162147 AMORTIZATION 12638 12638 BANK FEES 1152 1152 6978945 6517377 461568 0 1000182 1145220 1211608 860623 140883 18184 36552 34392 199806 193876 12677009 8285406 4609454 4391603 32055226 31308751 2404611 5255085 735902 710739 42394224 43918473 101707 108927 1756753 2357911 2045 24236 6630569 6340393 83227 80686 8574301 8912153 X 33819923 35006320 33819923 35006320 42394224 43918473 X -2680476 3807031 59842 X 0 1 X 1 0 X 50000 0 860246 17000 0 927246 2947043 3074098 3113713 3156574 3122270 15413698 2997043 3074098 3973959 3173574 3122270 16340944 50000 860246 17000 927246 0 50000 860246 17000 927246 15413698 834411 858959 1378743 703085 973368 4748566 834411 858959 1378743 703085 973368 4748566 15901 21347 22014 59262 3831454 3933057 5368603 3898006 4117652 21148772 0.72880 0.71910 0.22450 0.23440 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 15,901. 2022 AMOUNT: $ 21,347. 2023 AMOUNT: $ 22,014. 750000 750000 11594098 7972725 3621373 332911 312681 20230 4391603 INVESTMENT IN PARTNERSHIPS AND RENTAL PROJECT 32592 C 61398-VANGUARD WORLD FD FTSE SOCIAL INDEX FD ADMRL SHS (VFTAX) 2778243 F 190659-THORNBURG INCOME TRUST (THIIX) 2444250 F 5255085 ACCRUED INTEREST PAYABLE 33351 SECURITY DEPOSIT LIABILITY 47335 80686 X 7996010 3807031 3807031 4188979 109490 109490 4298469 6809613 -59842 -59842 6869455 109490 109490 6978945 PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE SERVICE. DURING THE YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION HAD NO TAXABLE UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES WAS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE FOUNDATIONS TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENT -59,842. 1 THREAD INC PO BOX 1584 BALTIMORE MD 21203 841700955 501(C)(3) 2000000 0 CONTRIBUTION ADELANTE LATINA INC 2907 W STRATHMORE AVE BALTIMORE MD 21209 464288885 501(C)(3) 10000 0 ADELANTE LATINA! DONATION AMERICAN CANCER SOCIETY 270 PEACHTREE ST NW SUITE 1300 ATLANTA GA 30303 131788491 501(C)(3) 10000 0 2023 TASTE FOR LIFE SPONSORSHIP ARTS EVERY DAY 1505 EUTAW PLACE SUITE 204 BALTIMORE MD 21217 061780902 501(C)(3) 10000 0 DONATION ARTS EDUCATION IN MARYLAND SCHOOLS 190 W OSTEND STREET SUITE 200 BALTIMORE MD 21230 522056349 501(C)(3) 10000 0 CONTRIBUTION THE ASSOCIATED JEWISH FEDERATION OF BALTIMORE 101 W MOUNT ROYAL AVENUE BALTIMORE MD 21201 520607957 501(C)(3) 100000 0 2024 ASSOCIATED PLEDGE ASSOCIATED BLACK CHARITIES 2 HAMILL ROAD 302 EAST QUAD BALTIMORE MD 21210 521427774 501(C)(3) 10000 0 ANNUAL GALA BALTIMORE CHAMBER ORCHESTRA 11 W MOUNT VERNON PL 3 BALTIMORE MD 21201 521356846 501(C)(3) 10000 0 CONTRIBUTION BALTIMORE COMMUNITY FOUNDATION 11 EAST MOUNT ROYAL AVENUE 2ND FLOOR BALTIMORE MD 21202 237180620 501(C)(3) 6200 0 CONTRIBUTION/CIVIC LEADERSHIP BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN 128 W FRANKLIN STREET BALTIMORE MD 21201 262221540 501(C)(3) 170000 0 (EM) POWER BREAKFAST BALTIMORE MUSEUM OF ART 10 ART MUSEUM DRIVE BALTIMORE MD 21218 526000162 501(C)(3) 1020000 0 CONTRIBUTION BALTIMORE SCHOOL FOR THE ARTS FOUNDATION 712 CATHEDRAL STREET BALTIMORE MD 21201 521174284 501(C)(3) 75200 0 DONATION BALTIMORE SYMPHONY ORCHESTRA 1212 CATHEDRAL STREET BALTIMORE MD 21201 520629696 501(C)(3) 50000 0 2023 GALA BROOKLYN PUBLIC LIBRARY 10 GRAND ARMY PLAZA BROOKLYN NY 11238 111904261 501(C)(3) 13500 0 DONATION BROWN UNIVERSITY PO BOX 1822 69 BROWN STREET PROVIDENCE RI 02912 050258809 501(C)(3) 70000 0 CONTRIBUTION CASA OF BALTIMORE PO BOX 13004 BALTIMORE MD 21202 521905072 501(C)(3) 10000 0 ART OF GIVING CENTER FOR URBAN FAMILIES INC 2201 N MONROE STREET BALTIMORE MD 21217 522142708 501(C)(3) 100000 0 MATCHING GRANT COMMUNITY LAW IN ACTION INC 4709 HARFORD ROAD BALTIMORE MD 21214 061710518 501(C)(3) 10000 0 DONATION ELIJAH CUMMINGS YOUTH PROGRAM 5750 PARK HEIGHTS AVENUE BALTIMORE MD 21215 522136761 501(C)(3) 15000 0 CONTRIBUTION ENOCH PRATT FREE LIBRARY 400 CATHEDRAL ST BALTIMORE MD 21201 526001143 501(C)(3) 25000 0 FOUNDER'S CIRCLE PRATT SOCIETY FUND FOR EDUCATIONAL EXCELLENCE 800 N CHARLES ST STE 400 BALTIMORE MD 21201 521129402 501(C)(3) 30000 0 CONTRIBUTION GREATER BALTIMORE COMMITTEE INC 111 S CALVERT STREET SUITE 1700 BALTIMORE MD 21202 520645650 501(C)(4) 17500 0 SPONSORSHIP HIGHER ACHIEVEMENT BALTIMORE 1750 COLUMBIA ROAD NW WASHINGTON DC 20009 521383374 501(C)(3) 15000 0 DONATION J STREET EDUCATION FUND PO BOX 66073 WASHINGTON DC 20035 202777557 501(C)(3) 30000 0 CONTRIBUTION JOHNS HOPKINS UNIVERSITY 3910 KESWICK ROAD SUITE N4327B BALTIMORE MD 21211 520595110 501(C)(3) 20000 0 RESEARCH KIPP BALTIMORE 2000 EDGEWOOD STREET BALTIMORE MD 21216 522342513 501(C)(3) 50000 0 CONTRIBUTION LITERACY LAB 1400 16TH STREET NW SUITE 410 WASHINGTON DC 20036 271777117 501(C)(3) 20000 0 DONATION MARYLAND FOOD BANK 2200 HALETHORPE FARMS ROAD SW BALTIMORE MD 21227 521135690 501(C)(3) 15000 0 CONTRIBUTION MARYLAND PHILANTHROPY NETWORK 1600 W 41 STREET SUITE 700 BALTIMORE MD 21211 521326863 501(C)(3) 13480 0 CONTRIBUTION NATIONAL MENTORING PARTNERSHIP 201 SOUTH ST SUITE 615 BOSTON MA 02111 521674088 501(C)(3) 50000 0 DONATION MODERN CLASSROOMS PROJECT INC 15 14TH STREET SE WASHINGTON DC 20003 825421304 501(C)(3) 15000 0 DONATION PROJECT PNEUMA INC 25 W FAYETTE STREET 6TH FLOOR BALTIMORE MD 21201 473524536 501(C)(3) 10000 0 DONATION SPRINGBOARD COLLABORATIVE 1500 JOHN F KENNEDY BLVD SUITE 1160 PHILADELPHIA PA 19102 453719806 501(C)(3) 15000 0 DONATION ST STEPHEN'S AND ST AGNES SCHOOL FOUNDATION 400 FONTAINE STREET ALEXANDRIA VA 22302 546054009 501(C)(3) 10000 0 CONTRIBUTION TAKI ALSOP CONDUCTING FELLOWSHIP INC PO BOX 4725 BALTIMORE MD 21211 421621398 501(C)(3) 50000 0 GRANT TEACH FOR AMERICA 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 133541913 501(C)(3) 75000 0 DONATION THE BROTHERHOOD SISTER SOL 512 WEST 143RD STREET NEW YORK NY 10031 133857387 501(C)(3) 10000 0 DONATION THE SEED SCHOOL OF MARYLAND 200 FONT HILL AVENUE BALTIMORE MD 212232703 061818759 501(C)(3) 14650 0 RECEPTION AND DINNER SPONSORSHIP UNITED WAY OF CENTRAL MARYLAND 1800 WASHINGTON BLVD SUITE 340 BALTIMORE MD 21230 520591543 501(C)(3) 35000 0 DONATION UNIVERSITY OF BALTIMORE FOUNDATION 1130 N CHARLES STREET BALTIMORE MD 21201 237036780 501(C)(3) 301500 0 CONTRIBUTION WIDE ANGLE YOUTH MEDIA 2601 NORTH HOWARD ST SUITE 160 BALTIMORE MD 21218 522276602 501(C)(3) 10000 0 CONTRIBUTION 40 1 PART I, LINE 2: GRANTS AND CONTRIBUTIONS ARE SUBMITTED TO THE CHAIRPERSON AND PRESIDENT FOR REVIEW AND APPROVAL. THE BOARD OF DIRECTORS, ANNUALLY, APPROVES THESE GRANTS AND CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 MARK JOSEPH, PATRICIA JOSEPH, CARA WEIMAN AND JESSICA JOSEPH - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT OUTSIDE ACCOUNTANT OF THE FOUNDATION. ONCE PREPARED, THE PRESIDENT AND CHAIRPERSON REVIEW FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST ON AN ANNUAL BASIS. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THEN THE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST ARE AS FOLLOWS: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT, AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENT 59,842.