2025-06-27T07:36:32-05:00 2024-09-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2023-10-01 521760774 HOUSING UNLIMITED INC HOUS 3015929314 15850 CRABBS BRANCH WAY SUITE 360 DERWOOD MD 20855 MICHAEL JAQUITH TREASURER 3015929314 2025-06-24 1 1 CLAIRE MANSPILE P01695141 5406623417 2025-06-24 2023 2025-03-06 01:10:19Z X MICHAEL JAQUITH 15850 CRABBS BRANCH WAY SUITE 360 DERWOOD MD 20855 7434006 0 X WWW.HOUSINGUNLIMITED.ORG X 1991 MD TO ADDRESS THE HOUSING CRISIS FOR ADULTS IN MENTAL HEALTH RECOVERY IN MONTGOMERY COUNTY, MD. 12 12 29 20 0 0 1389057 1049282 1819543 2256921 45107 68897 -7515 -31889 3246192 3343211 0 0 0 0 1168840 1179998 72653 72000 151362 1669275 1837991 2910768 3089989 335424 253222 16813791 17208677 6269467 6411141 10544324 10797536 X HOUSING UNLIMITED, INC. IS A NON-PROFIT DEDICATED TO PROVIDING AFFORDABLE, PERMANENT HOUSING OPPORTUNITIES AND INDEPENDENT LIVING FOR ADULTS IN MENTAL HEALTH RECOVERY. 0 0 2720429 2256921 RESIDENTIAL HOUSING - HOUSING UNLIMITED, INC. PROVIDES AFFORDABLE PERMANENT HOUSING FOR PEOPLE IN MENTAL HEALTH RECOVERY IN MONTGOMERY COUNTY, MARYLAND. THE ORGANIZATION PURCHASES HOMES, PRIMARILY TOWNHOMES AND CONDOS, AND SERVES AS THE LANDLORD FOR ADULTS IN RECOVERY. INDEPENDENT, PERMANENT, AND AFFORDABLE HOUSING IS AVAILABLE TO EXTREMELY LOW-INCOME ADULTS. TWO HUNDRED AND FORTY-SEVEN (247) TENANTS CAN RESIDE IN HOUSING UNLIMITED'S 90 SHARED HOMES. SEE ALSO SCHEDULE O. 35590 PUBLIC EDUCATION - THE ORGANIZATION'S BOARD OF DIRECTORS, STAFF, AND INTERNS CONDUCTED 7 PROGRAMS WITH INDIVIDUALS AND COMMUNITY GROUPS ABOUT PSYCHIATRIC DISABILITY AND AFFORDABLE HOUSING. 2756019 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 29 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X ABE SCHUCHMAN 3015929314 15850 CRABBS BRANCH WAY SUITE 360 DERWOOD MD 20855 SHEILA MASON HENRY PRESIDENT 2.00 X X 0 0 0 JOHN PIERCE VICE PRESIDENT 2.00 X X 0 0 0 MICHAEL SMITH TREASURER 1.00 X X 0 0 0 JOHNNIE MAE ARMSTRONG ASSISTANT TREASURER 1.00 X X 0 0 0 AUDRALINA SHERMAN SECRETARY 1.00 X X 0 0 0 GARTH BASTIAN DIRECTOR 1.00 X 0 0 0 MICHAEL JAQUITH DIRECTOR 1.00 X 0 0 0 NAPATR MEER DIRECTOR 1.00 X 0 0 0 ALI PLACCO DIRECTOR 1.00 X 0 0 0 ALEXIS PETERS DIRECTOR 1.00 X 0 0 0 ALBERT STANCIL DIRECTOR 1.00 X 0 0 0 ROSE SITTNER DIRECTOR 1.00 X 0 0 0 ABE SCHUCHMAN CEO 40.00 X 139201 0 39941 AARON FENSTER COO 40.00 X 114963 0 15350 254164 0 55291 2 0 1 0 ACE CONSTRUCTION 904 ERIE AVENUE TAKOMA PARK MD 20912 CONSTRUCTION 166840 1 175454 540419 333409 20765 1049282 RENTAL INCOME 531110 1172045 1172045 COUNTY SUBSIDIES 531110 1084876 1084876 2256921 19098 19098 4104712 4039576 15337 65136 -15337 49799 49799 3993 175454 35882 -31889 -31889 3343211 2256921 0 37008 147423 61918 48649 36856 795685 737907 44249 13529 56925 50489 4411 2025 108506 96239 8408 3859 71459 63380 5537 2542 48866 48866 72000 72000 67523 59889 5232 2402 864400 847480 11598 5322 19214 17042 1489 683 658120 658120 TELEPHONE 65037 62921 1450 666 BAD DEBT 45493 45493 PUBLIC EDUCATION MATERI 15389 15389 TENANT COUNCIL 13760 13760 40189 25992 2719 11478 3089989 2756019 182608 151362 879162 1690554 238068 919635 78456 78052 1486 0 21423696 7134104 14259226 14289592 926309 0 195285 206729 235799 24115 16813791 17208677 64273 51271 100649 105276 5439310 5678475 442400 442400 222835 133719 6269467 6411141 X 10544324 10797536 10544324 10797536 16813791 17208677 253222 -10 0 X X 0 1 X 1 1 1 X 1275584 1692994 1314064 1389057 1049283 6720982 1275584 1692994 1314064 1389057 1049283 6720982 6720982 2055 309 421 41950 19098 63833 6784815 4076464 0.99060 0.99280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 462170 601947 40022 37456 1066683 939140 859921 20939 1357600 230 462170 874407 823260 -145159 605759 7609 939140 386733 1195315 6010 711236 2415 874407 216012 1012009 14690 854000 2068 386733 1.00000 0 0 4653734 4653734 15577903 6629826 8948077 23206 14127 9079 32034 31128 906 1136819 459023 677796 14289592 ACCRUED INTEREST 10287 RETIREMENT PLAN PAYABLE 1153 DEFERRED REVENUE 106605 LEASE LIABILITY 15674 133719 X 3331872 0 3331872 11339 11339 3343211 3078650 0 3078650 11339 11339 3089989 PART IV, LINE 2B: THE AMOUNT OF 105,276 ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. MARYLAND RENT ESCROW LAW REQUIRES THE PARTNERSHIP TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS WITH INTEREST AT 3% PER YEAR AT SIX MONTH INTERVALS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. PART V, LINE 4: ALL OR A PORTION OF THE ENDOWMENT WILL BE USED TO OFFSET OPERATING EXPENSES OF THE ORGANIZATION'S RENTAL PROPERTIES. FUNDS NOT YET USED FOR OPERATING EXPENSES MAY BE USED AS A SECONDARY REVOLVING LOAN FUND. PART X, LINE 2: HOUSING UNLIMITED IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2024. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSE 11,339. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSE 11,339. X X X X 1 GREENKITE FUNDRAISING 15895 MEADOW WALK ROAD WOODBINE MD 21797 ASSISTANCE 0 0 72000 -72000 72000 -72000 MD DC WELCOME HOME CELEBRATION 179447 175454 3993 26003 9879 179447 175454 3993 26003 9879 35882 -31889 X X X 0 0 0 0 0 0 0 0 0 ABE SCHUCHMAN CEO 132181 0 7020 0 0 0 12636 0 27305 0 179142 0 0 0 PART III, LINE 4A STABLE HOUSING IS VITAL TO LONG TERM MENTAL HEALTH STABILITY AND RECOVERY, TENANTS AND STAFF WORK TOGETHER TO FOSTER HABITS AND LIFESTYLES THAT KEEP THEM HOUSED AND HEALTHY. TEAM MEMBERS VISIT TENANTS' HOMES EVERY WEEK TO ANSWER QUESTIONS, PROVIDE REQUESTED RESOURCES, AND TO CHECK THE PHYSICAL CONDITION OF PROPERTIES TO ENSURE THAT HOMES ARE WELLMAINTAINED. THE HOUSING UNLIMITED TENANTS COUNCIL FOSTERS RECOVERY, PROMOTES COOPERATION, AND INDEPENDENCE, AND PROVIDES TENANTS AN OPPORTUNITY FOR A COLLECTIVE VOICE. TENANTS COUNCIL OFFICERS RECEIVE LEADERSHIP AND SKILLS TRAINING. IN ADDITION, HOUSING UNLIMITED, THROUGH PAID INTERNSHIPS, PROVIDES INTERESTED TENANTS WITH THE OPPORTUNITY TO ASSIST WITH PROPERTY MANAGEMENT, PUBLIC EDUCATION, AND ADMINISTRATIVE TASKS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE CEO AS WELL AS THE BOARD OF DIRECTORS' FINANCE COMMITTEE FOR REVIEW. THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS FOR ITS REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C HUI'S CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF DIRECTORS, ADVISORY BOARD OF DIRECTORS, STAFF, AND CERTAIN VOLUNTEERS THAT HAVE BEEN GRANTED SIGNIFICANT INDEPENDENT DECISION-MAKING AUTHORITY WITH RESPECT TO FINANCIAL OR OTHER RESOURCES OF THE ORGANIZATION ("INTERESTED PARTY"), WHO ARE REQUIRED TO ANNUALLY AFFIRM HIS/HER UNDERSTANDING OF THE POLICY AND DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST (ANNUALLY OR AS SOON AS IT IS KNOWN OR RESONABLY SHOULD HAVE BEEN KNOWN). THE CEO AND BOARD OF DIRECTORS ARE RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT EXISTS, REVIEWING THE MATTER AND/OR TAKING ACTION. IF THE BOARD DETERMINES THAT THE INTERESTED PARTY HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. AN INTERESTED PARTY WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION OR TRANSACTION OF THE ORGANIZATION SHALL NOT PARTICIPATE IN ANY WAY IN (INCLUDING VOTING), OR BE PRESENT DURING, THE DELIBERATING AND DECISION-MAKING OF THE ORGANIZATION WITH RESPECT TO THE ACTION OR TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A ALL HOUSING UNLIMITED INC. (HUI) BOARD OF DIRECTOR MEMBERS, INCLUDING THE BOARD'S PERSONNEL COMMITTEE MEMBERS, ARE INDEPENDENT OF THE CHIEF EXECUTIVE OFFICER (CEO). NO BOARD MEMBERS ARE COMPENSATED BY THE FILING ORGANIZATION. THE HUI CEO IS COMPENSATED. THE COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED ANNUALLY BY THE HUI BOARD OF DIRECTORS. THE COMPENSATION OF THE CEO IS BASED ON THE PERSONNEL COMMITTEE RECOMMENDATION TO THE BOARD OF DIRECTORS. IT REQUIRES BOARD APPROVAL AND IS BASED UPON DATA FOR COMPARABLE COMPENSATION IN SIMILAR INDUSTRIES. THE BOARD SECRETARY MAKES CONTEMPORANEOUS NOTES OF THE DELIBERATIONS AND THESE NOTES ARE CODIFIED IN OFFICIAL BOARD MINUTES, REVIEWED AND FORMALLY APPROVED BY THE BOARD OF DIRECTORS AT ITS NEXT MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST. PAGE 12, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.