Venable Apartments I Inc is a 501(c)(3) organization based in Baltimore, Maryland, registered in 2001, with $720,129 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$720K
▲ 1.2% vs prior year
Housing median: $408K
Expenses (FY2024)
$871K
Net assets
-$1.7M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Venable Apartments I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Venable Apartments I Inc: 0 mo reserves · -21% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Venable Apartments I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Venable Apartments I Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $552K (FY2013) to $720K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-21.0%
Spent more than it raised in the latest fiscal year.
Total assets
$3.7M
Total liabilities
$5.4M
Net assets
-$1.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $720,129▲1.2% | $871,222▼1.1% | -$1,716,911▼9.6% | $3,703,415▼3.2% | 990 |
| 2023 | $711,765▼0.3% | $880,562▼6.4% | -$1,565,818▼12.1% | $3,824,024▼4.3% | 990 |
| 2022 | $714,128▲0.7% | $941,041▲9.5% | -$1,397,021▼19.4% | $3,994,012▼3.9% | 990 |
| 2021 | $709,306▼1.8% | $859,377▲5.1% | -$1,170,108▼14.7% | $4,157,121▼4.9% | 990 |
| 2020 | $722,262▲5.6% | $818,055▲2.4% | -$1,020,037▼10.4% | $4,372,440▼2.4% | 990 |
| 2019 | $684,146▲16.6% | $798,611▲5.4% | -$924,244▼14.1% | $4,481,703▼2.1% | 990 |
| 2018 | $586,678▼0.7% | $757,460▲2.5% | -$809,779▼26.7% | $4,579,911▼1.5% | 990 |
| 2017 | $591,049▲0.1% | $738,824▼8.1% | -$638,997▼30.1% | $4,648,732▼4.9% | 990 |
| 2016 | $590,223▲0.7% | $803,880▲25.6% | -$491,222▼77.0% | $4,889,155▼2.2% | 990 |
| 2015 | $586,293▲6.3% | $639,853▼2.1% | -$277,565▼23.9% | $4,997,682▼0.8% | 990 |
| 2014 | $551,418▼0.1% | $653,882▲5.2% | -$224,005▼84.3% | $5,037,765▼2.9% | 990 |
| 2013 | $551,872 | $621,671▼1.8% | -$121,541▼135% | $5,190,056▼1.2% | 990 |
| 2012 | — | $633,376▼2.8% | -$51,742▼151% | $5,255,329▼2.0% | 990 |
| 2011 | — | $651,347▼0.1% | $101,534▼65.1% | $5,364,523▼3.3% | 990 |
| 2010 | — | $651,930 | $291,142 | $5,549,206 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Venable Apartments I Inc (EIN 52-2293414) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.