2023-09-20T15:10:40-05:00 2022-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2022-01-01 521738992 PATRICIA AND MARK JOSEPH SHELTER FOUNDATION INC PATR 4109620595 200 EAST PRATT STREET 4100 BALTIMORE MD 212026155 MARK K JOSEPH PRESIDENT 4109620595 2023-09-20 1 MARK JOSEPH XXX-XX-XXXX 0 JULIA FLANNERY P00928918 4102469300 2023-09-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK K JOSEPH 200 EAST PRATT STREET 4100 BALTIMORE MD 212026155 7189074 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 860246 17000 3113713 3156574 2378227 1032199 15901 21347 6368087 4227120 2047150 2357070 0 0 407203 451048 0 0 0 2019081 2073701 4473434 4881819 1894653 -654699 50852875 42394224 9560386 8574301 41292489 33819923 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 4427823 2357070 3177921 TO PROVIDE HOUSING FOR THE BENEFIT OF THE ELDERLY LOW-INCOME, AND HOMELESS. 4427823 1 1 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 200 EAST PRATT STREET 4100 BALTIMORE MD 212026155 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 MARK K JOSEPH PRESIDENT/TREASURER 1.00 X 0 0 0 TRACEY R TIZARD ASSISTANT SECRETARY 1.00 X 37134 0 0 37134 0 0 0 0 0 0 ENTERPRISE RESIDENTIAL LLC 875 HOLLINS ST 202 BALTIMORE MD 21201 MANAGEMENT FEE 184152 RBC WEALTH MANAGEMENT 1906 TOWN CENTER BLVD SUITE 375 ANNAPOLIS MD 21401 ASSET MANAGEMENT FEE 116209 2 17000 17000 RENTAL INCOME 531110 3156574 3156574 3156574 703085 703085 3291068 2961954 329114 329114 329114 OTHER INCOME 531110 21347 21347 21347 4227120 3177921 0 1032199 2357070 2357070 37134 35861 1273 327513 316283 11230 83004 83004 3397 3397 184152 184152 52 52 71437 71437 116209 116209 217865 163057 54808 508586 504497 4089 427291 427291 302148 302148 9786 9786 OPERATIONS & MAINTENANC 222019 222019 AMORTIZATION 13144 13144 BANK FEES 1012 1012 4881819 4427823 453996 0 1123600 1000182 4206984 1211608 333 140883 40872 36552 191253 199806 12597042 7987588 4911602 4609454 36740581 32055226 2890530 2404611 747120 735902 50852875 42394224 111889 101707 2445623 1756753 16012 2045 6901995 6630569 84867 83227 9560386 8574301 X 41292489 33819923 41292489 33819923 50852875 42394224 X -654699 -6835604 17737 X 0 1 X 1 0 X 50000 860246 17000 927246 2626374 2947043 3074098 3113713 3156574 14917802 2626374 2997043 3074098 3973959 3173574 15845048 50000 860246 17000 927246 0 50000 860246 17000 927246 14917802 1086538 834411 858959 1378743 703085 4861736 1086538 834411 858959 1378743 703085 4861736 15901 21347 37248 3712912 3831454 3933057 5368603 3898006 20744032 0.71910 0.70740 0.23440 0.24680 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 15,901. 2022 AMOUNT: $ 21,347. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 750000 750000 11514131 7686146 3827985 332911 301442 31469 4609454 INVESTMENT IN PARTNERSHIPS AND RENTAL PROJECT 108717 C 184261.178-THORNBURG INCOME TRUST (THIIX) 2295894 F 2404611 ACCRUED INTEREST PAYABLE 34923 SECURITY DEPOSIT LIABILITY 48304 83227 X -2742705 -6835604 -6835604 4092899 117221 17000 134221 4227120 4729861 -34737 -34737 4764598 117221 117221 4881819 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, 2022, THE FOUNDATION HAD NO TAXABLE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES WAS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE 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 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION REPORTED ON PART VIII, LINE 1F 17,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENT -17,737. CONTRIBUTION REPORTED ON PART VIII, LINE 1F -17,000. 1 ADELANTE LATINA INC 2907 W STRATHMORE AVE BALTIMORE MD 21209 464288885 501(C)(3) 10000 0 ADELANTE LATINA! DONATION AMERICAN CANCER SOCIETY 250 WILLIAMS STREET NW ATLANTA GA 30303 131788491 501(C)(3) 10000 0 2022 TASTE FOR LIFE SPONSORSHIP ARTS EVERY DAY 1800 N CHARLES ST STE 810 BALTIMORE MD 21201 061780902 501(C)(3) 12000 0 DONATION THE ASSOCIATED JEWISH FEDERATION OF BALTIMORE 101 W MOUNT ROYAL AVENUE BALTIMORE MD 21201 520607957 501(C)(3) 330000 0 ANNUAL FUND ASSOCIATED BLACK CHARITIES 2 HAMILL ROAD 272 NORTH QUADRANGLE BALTIMORE MD 21210 521427774 501(C)(3) 10000 0 ANNUAL GALA THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM 621 E PRATT STREET SUITE 401 BALTIMORE MD 21202 861715499 501(C)(3) 125000 0 BALTIMORE BANNER BALTIMORE CHAMBER ORCHESTRA 11 W MOUNT VERNON PL 3 BALTIMORE MD 21201 521356846 501(C)(3) 15000 0 CONTRIBUTION BALTIMORE COMMUNITY FOUNDATION 11 EAST MOUNT ROYAL AVENUE 2ND FLOOR BALTIMORE MD 21202 237180620 501(C)(3) 13650 0 CONTRIBUTION/CIVIC LEADERSHIP BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN 128 W FRANKLIN ST BALTIMORE MD 21201 262221540 501(C)(3) 30200 0 (EM) POWER BREAKFAST BALTIMORE MUSEUM OF ART 10 ART MUSEUM DRIVE BALTIMORE MD 21218 526000162 501(C)(3) 524650 0 CONTRIBUTION BALTIMORE SCHOOL FOR THE ARTS FOUNDATION 712 CATHEDRAL STREET BALTIMORE MD 21201 521174284 501(C)(3) 540000 0 STUDENT FILMS BROWN UNIVERSITY PO BOX 1822 69 BROWN STREET PROVIDENCE RI 02912 050258809 501(C)(3) 62000 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 BALTIMORE CENTER STAGE 700 N CALVERT ST BALTIMORE MD 21202 520780194 501(C)(3) 5500 0 CONTRIBUTION LIVING CLASSROOMS FOUNDATION INC 802 S CAROLINE ST BALTIMORE MD 21231 521369524 501(C)(3) 100000 0 CROSSROAD SCHOOL ENOCH PRATT FREE LIBRARY 400 CATHEDRAL ST BALTIMORE MD 21201 526001143 501(C)(3) 25150 0 FOUNDER'S CIRCLE PRATT SOCIETY ENTERPRISE COMMUNITY DEVELOPMENT 875 HOLLINS ST BALTIMORE MD 21201 521231931 501(C)(3) 7000 0 CONTRIBUTION GREATER BALTIMORE COMMITTEE INC 111 S CALVERT ST BALTIMORE MD 21202 520645650 501(C)(4) 18240 0 SPONSORSHIP IMPROVING EDUATION 1100 N CHESTER STREET BALTIMORE MD 21213 473271696 501(C)(3) 25000 0 CONTRIBUTION J STREET EDUCATION FUND PO BOX 66073 WASHINGTON DC 20035 202777557 501(C)(3) 25000 0 CONTRIBUTION JOHNS HOPKINS UNIVERSITY 3910 KESWICK ROAD SUITE N2100 BALTIMORE MD 21211 520595110 501(C)(3) 10000 0 RESEARCH KIPP BALTIMORE 2000 EDGEWOOD ST BALTIMORE MD 21216 522342513 501(C)(3) 50000 0 CONTRIBUTION MARYLAND FOOD BANK 2200 HALETHORPE FARMS RD BALTIMORE MD 21227 521135690 501(C)(3) 17000 0 PACK TO GIVE BACK ST STEPHEN'S AND ST AGNES SCHOOL FOUNDATION 400 FONTAINE ST ALEXANDRIA VA 22302 546054009 501(C)(3) 100000 0 CONTRIBUTION TEACH FOR AMERICA 315 W 36TH ST NEW YORK MD 10018 133541913 501(C)(3) 125000 0 CONTRIBUTION LEUKEMIA & LYMPHOMA SOCIETY 3 INTERNATIONAL DRIVE SUITE 200 RYE BROOK NY 10573 135644916 501(C)(3) 20000 0 CONTRIBUTION GILCHRIST HOSPICE CARE INC 11311 MCCORMICK ROAD SUITE 350 HUNT VALLEY MD 21031 521851251 501(C)(3) 15000 0 2022 GILCHRIST BALL SPONSORSHIP 27 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 17,737.