Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc

Elmwood House

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541623171 ✦ Bethesda, MD ✦ Designated as a 501(c)(4)

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Overview

What is Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?

Second Saint Alban's Housing Corporation, a subsidiary of Quantum Real Estate Management LLC, is a nonprofit organization situated in Bethesda, Maryland. Their primary mission is to provide affordable housing facilities and services to 76 low-income elderly and handicapped individuals. They accomplish this through the utilization of 50 rental housing units, which are supported by capital advances and project rental assistance contracts from the U.S. government. Their work falls under Section 202 of the National Housing Act, aiming to improve living conditions for vulnerable populations.

Is Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc legitimate?

Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,754

For more financial information, click here

What is the mission statement of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?

The mission of Second Saint Alban's Housing Corporation, managed by Quantum Real Estate Management LLC, is centered around providing affordable housing for elderly and handicapped individuals. This organization operates under Section 202 of the National Housing Act, with a focus on serving this specific demographic. In 2022, they successfully provided housing facilities and related services to 76 low-income elderly and handicapped individuals through the utilization of 50 rental housing units, secured through capital advances and project rental assistance contracts from the U.S. government.

Who is the CEO of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?

Richard Juergens is the President of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc.

What is the revenue of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?

Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc's revenue in 2022 was $624,135.

Who are the executives of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc and what are their salaries?

There 8 volunteers at Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc.


Here are 8 key members and their salaries:


Richard Juergens (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mountain (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyndell Core (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delores Baisden (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Byrley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Cummings (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Horn (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Shankles (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?

Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc

Second Saint Alban's Housing Corporation, under the management of Quantum Real Estate Management LLC, is dedicated to a noble cause. Their primary mission is to extend affordable housing opportunities to the elderly and individuals with disabilities, aligning with Section 202 of the National Housing Act. In 2022, this organization successfully provided housing facilities and essential services to 76 vulnerable individuals, utilizing 50 rental housing units. This was made possible through strategic partnerships with the U.S. government, which provided capital advances and project rental assistance contracts. By offering affordable housing, Second Saint Alban's Housing Corporation contributes significantly to the well-being of those in need, enabling them to maintain a stable living environment.

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Impact




October, 2024

Second Saint Alban's Housing Corporation, operating under Quantum Real Estate Management LLC, significantly impacts the community by providing affordable housing options for low-income elderly and handicapped individuals. In 2022, the organization successfully supported 76 residents by managing 50 rental housing units, ensuring these vulnerable populations have access to safe and supportive living environments.

By utilizing government programs such as capital advances and project rental assistance contracts, the organization effectively addresses the critical housing needs of those often overlooked in the housing market. This commitment not only enhances the quality of life for residents but also contributes to the overall well-being of the community by fostering stability and independence among its most vulnerable members. The focus on low-income elderly and handicapped individuals reflects a dedicated effort to promote inclusivity and accessibility within the Bethesda area.




This information is meant to be a general summary of Second Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$624,135 (2022)
Expenses
$584,291 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $694
  • Program Service Revenue: $623,441
  • Gross Receipts: $624,135

Assets and Liabilities:

  • Total Assets: $2,079,059
  • Total Liabilities: $3,431,040
  • Net Assets: -$1,351,981

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$620,673

LAUNDRY AND VENDING

Revenue

$2,200

OTHER REVENUE

Revenue

$568

Organization Details

Founding Year

1992

Principal Officer

Richard Juergens

Main Address

5101 RIVER ROAD 101, BETHESDA, MD, 20816

NTEE Category

Code: L22 - Housing

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