2025-05-15T08:47:59-05:00 2024-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2023-07-01 271254184 IHOMES INC IHOM 4103817171 6355 WOODSIDE COURT COLUMBIA MD 21046 DANIEL FRASCO PRESIDENT 4103817171 2025-05-13 1 0 SUSAN KELLER P00245169 4107275735 2025-05-12 2023 2025-03-06 01:10:19Z DANIEL FRASCO 6355 WOODSIDE COURT COLUMBIA MD 21046 1452741 0 X WWW.HUMANIM.ORG X 2009 MD TO ACQUIRE, DEVELOP AND MANAGE REAL ESTATE WHICH WILL BE RENTED TO ADULTS WITH DEVELOPMENTAL DISABILITIES AND LIMITED INCOME. 5 5 1 3 0 0 63362 1348028 44217 104713 0 0 0 0 107579 1452741 0 0 0 0 100139 113566 0 0 0 155895 337680 256034 451246 -148455 1001495 4415203 4961649 3891980 3436931 523223 1524718 IHOMES, INC'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE, DEVELOP AND MANAGE REAL ESTATE WHICH WILL BE RENTED TO ADULTS WITH DEVELOPMENTAL DISABILITIES AND LIMITED INCOME. 0 0 434390 104713 DURING THE PERIOD ENDED JUNE 30, 2024 THE ORGANIZATION OPERATED RESIDENTIAL UNITS LOCATED IN HOWARD COUNTY. EACH UNIT IS LICENSED TO BE RENTED TO UP TO 4 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND INCOME LIMITATIONS. 434390 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MD X X DANIEL FRASCO 4103817171 6355 WOODSIDE COURT COLUMBIA MD 21046 DANIEL FRASCO PRESIDENT 1.00 X X 0 219876 19419 CINDY PLAVIER-TRUITT DIRECTOR 1.00 X X 0 267473 18607 DEFU FEKADU DIRECTOR 1.00 X 0 0 0 LORI SOMERVILLE DIRECTOR 1.00 X 0 0 0 STEVE SCHUMAN DIRECTOR 1.00 X 0 0 0 0 487349 38026 0 0 1 0 0 1347908 120 1348028 RENTAL & MISC INCOME F 531310 104713 104713 104713 1452741 104713 0 0 X 104388 88730 15658 9178 7980 1198 32565 32565 58511 58511 73257 73257 81647 81647 67307 67307 14652 14652 MISCELLANEOUS EXPENSES 9741 9741 451246 434390 16856 0 15635 0 -12702 1005165 230 230 4318447 362193 3850636 3956254 561404 0 4415203 4961649 473854 3693 1579824 1050017 1837702 1821012 600 562209 3891980 3436931 X 523223 1524718 523223 1524718 4415203 4961649 1001495 0 X X 0 1 X 1 0 X 250075 65202 305058 63362 1348028 2031725 250075 65202 305058 63362 1348028 2031725 2031725 2031725 273452 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1053893 1053893 3239599 344979 2894620 24955 17214 7741 3956254 TENANT SECURITY DEPOSITS 600 DUE TO RELATED PARTIES 561609 562209 X 29854981 28402240 28402240 1452741 0 1452741 30229319 29778073 29778073 451246 0 451246 PART X, LINE 2: IHOMES, INC FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET EFFECT OF CONSOLIDATION PER GAAP ON REVENUES 28,402,240. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET EFFECT OF CONSOLIDATION PER GAAP ON EXPENSES 29,778,073. SCHEDULE D, PART XI, LINE 2D: THE AUDITED FINANCIAL STATEMENTS WERE PREPARED ON THE CONSOLIDATED BASIS WHICH INCLUDED THE ACCOUNTS OF IHOMES, INC. AND HUMANIM, INC., AS WELL AS THE WHOLLY OWNED M.O.R. DRG LIMITED PARTNERSHIP AND DSG G.P., INC. TOTAL REVENUES OF HUMANIM AND ITS WHOLLY OWNED SUBSIDIARIES WERE $28,402,240. INTERCOMPANY REVENUE ELIMINATED IN CONSOLIDATION TOTAL $0. NONE OF THE DESCRIBED TRANSACTIONS ARE INCLUDED IN THE FORM 990. THE TOTAL ADJUSTMENT EQUALS $28,402,240. SCHEDULE D, PART XII, LINE 2D: THE AUDITED FINANCIAL STATEMENTS WERE PREPARED ON THE CONSOLIDATED BASIS WHICH INCLUDED THE ACCOUNTS OF IHOMES, INC. AND HUMANIM, INC., AS WELL AS THE WHOLLY OWNED M.O.R. DRG LIMITED PARTNERSHIP AND DSG G.P., INC. TOTAL EXPENSES OF HUMANIM AND ITS WHOLLY OWNED SUBSIDIARIES WERE $29,778,073. INTERCOMPANY EXPENSES ELIMINATED IN CONSOLIDATION TOTAL $0. NONE OF THE DESCRIBED TRANSACTIONS ARE INCLUDED IN THE FORM 990. THE TOTAL ADJUSTMENT EQUALS $29,778,073. 0 0 0 0 0 0 0 0 0 CINDY PLAVIER-TRUITT DIRECTOR 0 267473 0 0 0 0 0 10000 0 8607 0 286080 0 0 DANIEL FRASCO PRESIDENT 0 219876 0 0 0 0 0 10000 0 9419 0 239295 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE RETURN IS PROVIDED TO THE OFFICERS AND DIRECTORS FOR REVIEW PRIOR TO FILING. COMMENTS AND APPROVAL ARE RELAYED VIA EMAIL. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT DISCLOSING ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE ORGANIZATION IS ALSO AN EMPLOYEE OF HUMANIM, INC., AN AFFILIATE, AND RECEIVES AN ANNUAL PERFORMANCE APPRAISAL AND COMPENSATION REVIEW. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT FEES: PROGRAM SERVICE EXPENSES 58,511. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,511. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. HUMANIM INC 6355 WOODSIDE COURT COLUMBIA MD 21046 520962588 HUMAN SERVICES MD 501(C)(3) LINE 7 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 0 HUMANIM INC E 561609 FMV