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Inwood House Development Corporation

Inwood House Development Corporation

Silver Spring, MD
Tax ID52-0323695

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About this organization

Revenue

$2,877,626

Expenses

$2,210,059

Website

inwoodhouse.org

Mission

Provide independent living programs for low-income and disabled adults.

About

Inwood House is an independent living apartment facility which provides safe, affordable and accessible rental housing for persons who are considered low-income under HUD Section 8 standards and are disabled, handicapped or elderly.

Interesting data from their 2020 990 filing

From their filing, the objective of the non-profit is stated as “Inwood house operates an 150-unit apartment building, providing housing and related apartment living amenties to persons who are low-income, disabled, and/or elderly. tenants' rental subsidy assistance is provided through hud section 8 rent programs.”.

When talking about its functions, they were outlined as: “Provide independent living programs for low-income and disabled adults.”.

  • The legally reported state of operation for the non-profit is MD.
  • According to the filing, the non-profit's address in 2020 is 10921 INWOOD AVENUE, SILVER SPRING, MD, 20902.
  • The non-profit organization as of 2020 has a total of 0 employees reported on their form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,084,883.
  • The CEO's compensation within the organization is not based on a review and approval by an independent party.
  • The organization has a written policy that delegates the management duties.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 10 independent voting members.
  • The organization was formed in 1978.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $737,440 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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