2026-08-26T15:58:15-05:00 2025-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2025-01-01 521738992 PATRICIA AND MARK JOSEPH SHELTER FOUNDATION INC PATR 4109620595 2 HAMILL ROAD 339 BALTIMORE MD 21210 MARK K JOSEPH PRESIDENT 4109620595 2026-08-26 1 JULIA FLANNERY P00928918 3012963600 2026-08-26 2025 2025-03-06 01:10:19Z PATRICIA AND MARK JOSEPH FOUNDATION MARK K JOSEPH 2 HAMILL ROAD 339 BALTIMORE MD 21210 7540252 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 8 7 0 0 0 0 3934974 3885105 1557833 2548255 38160 97713 5530967 6531073 2596880 1408810 0 0 513828 546471 0 0 0 2056510 2132172 5167218 4087453 363749 2443620 47118575 50893742 8512255 7176292 38606320 43717450 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 3575693 1408810 3982818 TO PROVIDE HOUSING FOR THE BENEFIT OF THE ELDERLY LOW-INCOME, AND HOMELESS. 3575693 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 1 0 0 0 0 1 4 0 1 8 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 14.00 X 44923 0 0 MARK K JOSEPH PRESIDENT/TREASURER 1.00 X 0 0 0 CHARLES F ROUT AREA MAINTENANCE SUPERVISOR 40.00 X 111884 0 28977 156807 0 28977 1 0 0 0 ENTERPRISE RESIDENTIAL LLC 875 HOLLINS ST 202 BALTIMORE MD 21201 MANAGEMENT FEE 240079 RBC WEALTH MANAGEMENT 1906 TOWN CENTER BLVD SUITE 375 ANNAPOLIS MD 21401 ASSET MANAGEMENT FEE 123881 2 RENTAL INCOME 531110 3885105 3885105 3885105 795162 795162 2762272 1009179 1753093 1753093 1753093 OTHER INCOME 531110 97713 97713 97713 6531073 3982818 0 2548255 1408810 1408810 44923 43249 1674 391797 377194 14603 101928 101928 7823 7823 240079 240079 97044 97044 123881 123881 134139 110751 23388 578660 578660 370349 370349 313793 313793 9783 9783 OPERATIONS & MAINT. 263136 263136 BANK FEES 1308 1308 4087453 3575693 511760 0 1699983 1540431 4973077 2502218 42075 142488 34392 32232 232783 218590 12989335 8882692 4271097 4106643 28961028 37420949 6169763 4126348 734377 803843 47118575 50893742 209272 222940 2179629 1149254 10671 24066 6030804 5699473 81879 80559 8512255 7176292 X 38606320 43717450 38606320 43717450 47118575 50893742 X 2443620 2737635 -70125 X 0 1 X 1 0 X 860246 17000 877246 3113713 3156574 3122270 3934974 3885105 17212636 3973959 3173574 3122270 3934974 3885105 18089882 860246 17000 877246 0 860246 17000 877246 17212636 1378743 703085 973368 887456 795162 4737814 1378743 703085 973368 887456 795162 4737814 15901 21347 22014 38160 97713 195135 5368603 3898006 4117652 4860590 4777980 23022831 0.74760 0.73950 0.20580 0.21650 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. 2024 AMOUNT: $ 38,160. 2025 AMOUNT: $ 97,713. 750000 750000 11906424 8549781 3356643 332911 332911 0 4106643 INVESTMENT IN PARTNERSHIPS AND RENTAL PROJECT 23217 C 62634-VANGUARD WORLD FD FTSE SOCIAL INDEX FD ADMRL SHS(VFTAX) 4103131 F 4126348 ACCRUED INTEREST PAYABLE 29898 TENANT DEPOSIT LIABILITY 50661 80559 X 9143519 2737635 2737635 6405884 125189 125189 6531073 4032389 70125 70125 3962264 125189 125189 4087453 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, 2025, 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 2022. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENT 70,125. 1 AMERICAN CANCER SOCIETY 270 PEACHTREE ST NW SUITE 1300 ATLANTA GA 30303 131788491 501(C)(3) 10000 0 DONATION ARTS EDUCATION IN MARYLAND SCHOOLS 190 W OSTEND ST STE 200 BALTIMORE MD 21230 522056349 501(C)(3) 10000 0 DONATION ARTS EVERY DAY 1505 EUTAW PLACE SUITE 204 BALTIMORE MD 21217 061780902 501(C)(3) 38000 0 DONATION ASSOCIATED BLACK CHARITIES 2 HAMILL ROAD 302 EAST QUAD BALTIMORE MD 21210 521427774 501(C)(3) 14000 0 GALA BALTIMORE BANNER 621 E PRATT ST 401 BALTIMORE MD 21202 861715499 501(C)(3) 100000 0 DONATION BALTIMORE CHAMBER ORCHESTRA 11 W MOUNT VERNON PL 3 BALTIMORE MD 21201 521356846 501(C)(3) 18000 0 CONTRIBUTION BALTIMORE COMMUNITY FOUNDATION 11 EAST MOUNT ROYAL AVENUE 2ND FLOOR BALTIMORE MD 21202 237180620 501(C)(3) 6200 0 BCF CIVIC LEADERSHIP BALTIMORE MUSEUM OF ART 10 ART MUSEUM DRIVE BALTIMORE MD 21218 526000162 501(C)(3) 60000 0 BMA GALA, ANNUAL FUND, TABLE SPONSOR BMA BALL BALTIMORE SCHOOL FOR THE ARTS FOUNDATION 712 CATHEDRAL ST BALTIMORE MD 21201 521174284 501(C)(3) 45000 0 BSA EXPRESSIONS 2025 BALTIMORE SYMPHONY ORCHESTRA 1212 CATHEDRAL STREET BALTIMORE MD 21201 520629696 501(C)(3) 50000 0 BSO 2025 GALA BETH AM 2501 EUTAW PL BALTIMORE MD 21217 521009445 501(C)(3) 50000 0 DONATION BROOKLYN PUBLIC LIBRARY 10 GRAND ARMY PLAZA BROOKLYN NY 11238 111904261 501(C)(3) 15000 0 DONATION BROTHERHOOD SISTER SOL 512 WEST 143RD STREET NEW YORK NY 10031 133857387 501(C)(3) 15000 0 DONATION BROWN UNIVERSITY PO BOX 1822 69 BROWN STREET PROVIDENCE RI 02912 050258809 501(C)(3) 100000 0 DONATION CASA OF BALTIMORE 8 MARKET PLACE SUITE 300 BALTIMORE MD 21202 521905072 501(C)(3) 10000 0 DONATION CHESAPEAKE BAY OUTWARD BOUND SCHOOL 1900 EAGLE DR BALTIMORE MD 21207 342007841 501(C)(3) 10000 0 DONATION COLLEGEBOUND FOUNDATION 2507 N HOWARD STREET SUITE 200 BALTIMORE MD 21218 521598921 501(C)(3) 35000 0 DONATION ENOCH PRATT FREE LIBRARY 400 CATHEDRAL ST BALTIMORE MD 21201 526001143 501(C)(3) 70000 0 DONATION FUND FOR EDUCATIONAL EXCELLENCE 800 N CHARLES ST STE 400 BALTIMORE MD 21201 521129402 501(C)(3) 30000 0 DONATION GREATER BALTIMORE COMMITTEE 111 S CALVERT ST STE 1700 BALTIMORE MD 21202 520645650 501(C)(4) 15000 0 DONATION HIGHER ACHIEVEMENT BALTIMORE 1775 I ST NW SUITE 500 WASHINGTON DC 20006 521383374 501(C)(3) 17000 0 DONATION J STREET EDUCATION FUND PO BOX 66073 WASHINGTON DC 20035 202777557 501(C)(3) 30000 0 DONATION JOHNS HOPKINS UNIVERSITY 3400 N CHARLES STREET BALTIMORE MD 21218 520595110 501(C)(3) 50000 0 DONATION KIPP BALTIMORE 4701 GREENSPRING AVE BALTIMORE MD 21209 522342513 501(C)(3) 35000 0 DONATION MARYLAND FOOD BANK 2200 HALETHORPE FARMS ROAD BALTIMORE MD 21227 521135690 501(C)(3) 15000 0 DONATION MARYLAND PHILANTHROPY NETWORK 2 EAST READ STREET 2ND FLOOR BALTIMORE MD 21202 521326863 501(C)(3) 8910 0 DONATION NATIONAL MENTORING PARTNERSHIP INC 226 FRANKLIN ST FL 26 BOSTON MA 02110 521674088 501(C)(3) 6000 0 GALA PROJECT PNEUMA 5109 GWYNN OAK AVE GWYNN OAK MD 21207 473524536 501(C)(3) 10000 0 DONATION SOUTH BALTIMORE LEARNING CENTER 28 E OSTEND ST STE A BALTIMORE MD 21230 521745263 501(C)(3) 20000 0 DONATION SPRINGBOARD COLLABORATIVE 1500 JOHN F KENNEDY BLVD SUITE 1160 PHILADELPHIA PA 19102 453719806 501(C)(3) 12000 0 DONATION ST STEPHEN'S AND ST AGNES SCHOOL FOUNDATION 400 FONTAINE ST ALEXANDRIA VA 22302 546054009 501(C)(3) 10000 0 DONATION TAKI-ALSOP CONDUCTING FELLOWSHIP INC PO BOX 4725 BALTIMORE MD 21211 421621398 501(C)(3) 30000 0 DONATION TEACH FOR AMERICA 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 133541913 501(C)(3) 75000 0 DONATION THE ASSOCIATED JEWISH FEDERATION OF BALTIMORE 101 W MOUNT ROYAL AVE BALTIMORE MD 21201 520607957 501(C)(3) 100000 0 DONATION THE LITERACY LAB 1400 16TH ST NW STE 410 WASHINGTON DC 20036 271777117 501(C)(3) 15000 0 DONATION THE PRODUCER'S CLUB OF MD 3 W NORTH AVE BALTIMORE MD 21201 521828837 501(C)(3) 10000 0 DONATION THE SEED SCHOOL OF MARYLAND 200 FONT HILL AVE BALTIMORE MD 21223 061818759 501(C)(3) 40000 0 DONATION THE SARBANES CENTER 7 SAINT PAUL ST STE 820 BALTIMORE MD 21202 331279878 501(C)(3) 50000 0 DONATION TOWSON UNIVERSITY FOUNDATION 401 WASHINGTON AVE STE 750 TOWSON MD 21204 520939453 501(C)(3) 25000 0 DONATION UNITED WAY OF CENTRAL MARYLAND 1800 WASHINGTON BLVD SUITE 340 BALTIMORE MD 21230 520591543 501(C)(3) 10000 0 DONATION WOMEN'S LAW CENTER OF MARYLAND 102 W PENNSYLVANIA AVE SUITE 100 TOWSON MD 21204 521238912 501(C)(3) 10000 0 DONATION YOUR PUBLIC RADIO CORPORATION (WYPR) 2216 NORTH CHARLES STREET BALTIMORE MD 21218 311770828 501(C)(3) 100000 0 DONATION 41 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 -70,125. TSF OWEN BROWN TRUST 218 NORTH CHARLES STREET SUITE 220 BALTIMORE MD 21201 TO ACQUIRE & OPERATE MULTI-FAMILY HOUSING PROJECTS MD 3982818 6757276 PATRICIA & MARK JOSEPH SHELTER FOUNDATION INC