2017-02-09T14:15:02-06:00 2016-03-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2015-04-01 522258799 HOMES FOR LAUREL INC C/O HOMES FOR AMERICA INC HOME 4102691222 318 SIXTH ST No STE 2 ANNAPOLIS MD 214032566 KATHY EBNER VICE president 4102691222 2017-01-26 1 DAMIEN NICKLE CPA P00802786 4107834900 2015 2021-01-29 14:40:06Z KATHY EBNER 318 SIXTH ST STE 2 ANNAPOLIS MD 21403 153119 0 X www.homesforamerica.org X 2000 MD PLEASE SEE SCHEDULE OHOMES FOR LAUREL, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW INCOME AND MODERATE INCOME ELDERLY. 8 6 0 0 0 0 0 0 152433 153031 96 88 0 0 152529 153119 0 0 0 0 0 0 0 0 0 199165 246818 199165 246818 -46636 -93699 1641316 1601728 2013820 2067931 -372504 -466203 HOMES FOR LAUREL, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW INCOME AND MODERATE INCOME ELDERLY. 0 0 227924 153031 21 Units of housing serving senior citizens under Section 202 of The Federal Housing Act of 1959. Services, in addition to housing, include weekly continental breakfast, mobile grocery store, meals on wheels, food delivery, on-site bus stop, computer lab, diabetic clinic, wellness education opportunities, walking club and lending library. A variety of social programs are also provided, which include BINGO, seasonal luncheons, brunches, and cookouts, exercise instruction, and transportation to The Laurel Senior Center Monday through Friday. 227924 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 X MEG PETERS 4437162550 180 ADMIRAL COCHRAN DRIVE ANNAPOLIS MD 21401 CHARLES EDSON DIRECTOR 0.25 0.50 X 0 0 0 BERNARD TETREAULT DIRECTOR 0.30 0.50 X 0 0 0 TRUDY MCFALL DIRECTOR (non-voting) 0.30 20.00 X 0 50004 3500 NANCY RASE thru 10-31-15 DIRECTOR (non-voting) 0.30 45.00 X 0 274020 33350 MICHAEL BODAKEN PRESIDENT & DIRECTOR 0.30 0.50 X X 0 0 0 SHARON DWORKIN BELL Vice president & Director 0.30 0.50 X X 0 0 0 ARDATH M CADE Director 0.30 0.50 X 0 0 0 MARY E ROWLAND Secretary & Director 0.30 0.50 X X 0 0 0 paula sampson 11-1-15 - 7-5-16 DIRECTOR (non-voting) 0.30 40.00 X 0 48750 0 KATHY EBNER EFF 7-6-16 DIRECTOR (non-voting) 0.30 40.00 X 0 116797 9247 0 489571 46097 0 0 1 0 0 RENTAL INCOME 150531 150531 OTHER INCOME 2500 2500 153031 88 88 153119 153031 0 88 11012 11012 20 20 7882 7882 401 401 6700 6700 47697 47697 3168 3168 Excess residual receipt 54343 54343 UTILITIES 47817 47817 CONTRACTED SERVICES 36682 36682 SUPPLIES 21077 21077 10019 10019 246818 227924 18894 0 555 5127 474 4745 4681 1957904 578777 1426824 1379127 208718 212793 1641316 1601728 4766 58305 1942916 1942916 66138 66710 2013820 2067931 X -372504 -466203 -372504 -466203 1641316 1601728 -93699 0 X 0 1 X 1 1 1 X 153898 150264 153457 152433 153031 763083 153898 150264 153457 152433 153031 763083 0 0 0 763083 69 188 101 96 88 542 69 188 101 96 88 542 153967 150452 153558 152529 153119 763625 0.99930 0.99900 0.00070 0.00100 X 50000 50000 1907904 578777 1329127 1379127 TENANT SECURITY DEPOSIT 8357 RESERVES 195161 ESCROW DEPOSITS 9275 212793 TENANT SECURITY DEPOSIT 6142 ADVANCE FROM AFFILIATE -HFA 54427 ACCRUED MANAGEMENT FEES 992 PREPAID REVENUE 405 ACCRUED PAYROLL 899 UNCLAIMED PROPERTY 185 ACCRUED EXPENSES - OTHER 3660 66710 X 153119 0 153119 0 153119 246818 0 246818 0 246818 Part X, Line 2: fin 48 disclosure The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended March 31, 2016. Due to its tax exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. Income tax returns filed by the Organization are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open. 0 0 0 0 0 0 0 0 0 NANCY RASE thru 10-31-15 DIRECTOR (non-voting) 0 274020 0 0 0 0 0 19181 0 14169 0 307370 0 0 SCHEDULE J - QUESTION 3 THE REPORTABLE COMPENSATION FROM A RELATED ORGANIZATION IS BASED UPON APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Form 990, Part VI, Section B, line 11 A DRAFT OF FORM 990 IS REVIEWED & AUTHORIZED BY A MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, line 12c The written conflict of interest policy is discussed at the annual meeting and all officers and directors sign a statement acknowledging the policy. Form 990, Part VI, Section C, line 19 the organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request. HOMES FOR AMERICA INC 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 521901220 REAL ESTATE MD 501(c)(3) Line 9 N/A 0 HOMES FOR ARUNDEL INC 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 542119728 REAL ESTATE MD 501(c)(3) Line 9 N/A 0 HOMES FOR LAUREL II INC 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 364569310 REAL ESTATE MD 501(c)(3) Line 9 N/A 0 HOMES FOR MCCONNELLSBURG INC 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 522335700 REAL ESTATE MD 501(c)(3) Line 9 N/A 0 HOMES FOR SHIPPENSBURG INC 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 522148579 REAL ESTATE MD 501(c)(3) Line 9 N/A 0 HFA COMMUNITY HOUSING DEVELOPMENT 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 262155870 REAL ESTATE MD 501(c)(3) Line 9 N/A 0 HOMES DEVELOPMENT CORPORATION 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 521940646 REAL ESTATE MD HOMES FOR AMERICA C -741382 5129590 1.00000 0 CLARE COURT CORPORATION 318 SIXTH STREET SUITE 2 ANNAPOLIS MD 21403 432035312 REAL ESTATE MD HOMES FOR AMERICA C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0