Episcopal Housing Corporation

What Episcopal Housing Corporation does

Episcopal Housing Corporation (EHC), founded in 1995 by Epiphany Episcopal Church in Timonium, Maryland, is a non-profit affordable housing and community facilities developer operating across Baltimore City and Central Maryland. EHC identifies development sites, secures project financing (primarily through Low-Income Housing Tax Credit allocations, HOME program funds, and foundation grants), coordinates development teams, and provides construction management for affordable rental housing, permanent supportive housing, transitional housing, and community facilities serving low-income individuals, families experiencing homelessness, seniors at or below 30% of area median income, Baltimore-based artists, and mixed-income families. Since founding, EHC has created or restored nearly 1,000 affordable units and developed multiple community centers for partner non-profits including St. Francis Neighborhood Center, Roberta's House, and the Pimlico Road Arts and Community Center.

EHC's core operating model combines direct real estate ownership with development services delivered to partner non-profits, generating revenue through a mix of development fees, property management income, and partner contributions. Property operations are conducted through Ezra Management LLC, a wholly-owned subsidiary formed in 2023 to formalize self-management of EHC-owned properties including St. Stephen's Court Apartments, Alcott Place, Sojourner Place at Argyle, Ashburton Apartments, and Mulberry Supportive Housing. Distribution combines direct in-house property management (Ezra Management), partnerships with third-party managers (Towner Management, Humphrey Management, Beacon Management, Habitat America), and a Coordinated Access referral pipeline through the Baltimore Mayor's Office of Homeless Services for permanent supportive housing placements.

The organization operates under a traditional nonprofit governance structure with a Board of Directors comprising real estate, finance, legal, and philanthropic professionals, and is led by Executive Director Daniel McCarthy (in role since 1996) along with CFO Howard Hyman (former Comptroller of the U.S. Mint) and Projects Director Shannon Snow. Key strategic partners include Health Care for the Homeless (anchor on multiple Sojourner Place projects), Conifer Realty (four joint ventures), French Development (Four Ten Lofts), Beacon Communities, and HCH Real Estate Company, with major funding relationships including the Harry and Jeanette Weinberg Foundation and Bank of America.

Name

Episcopal Housing Corporation

Legal name

Episcopal Housing Corporation

Website

https://episcopalhousing.org

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Episcopal Housing Corporation is a Baltimore-based non-profit founded in 1995 that develops and manages affordable rental, supportive, and community housing for low-income, homeless, and senior populations across Baltimore City and Central Maryland.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Building Construction (2361), Commercial and Institutional Building Construction (236220)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Affordable Housing Property Management (BPAJAGAJ), Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Affordable housing development
• Supportive housing services
• Community facilities development
• Nonprofit real estate
• Property management services

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Affordable Housing Development Services: EHC develops real estate that they own and provides real estate development services to nonprofit organizations. Revenue comes from development fees, property management, and partnerships with government agencies and foundations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Episcopal Housing Corporation is a nonprofit real estate developer that creates and manages affordable rental housing, transitional and permanent supportive housing, and community facilities in Baltimore City and Central Maryland. The organization identifies development sites, secures public and private funding (including LIHTC, HOME program, and foundation grants), coordinates development teams, provides construction management, and operates properties through its subsidiary Ezra Management LLC. It also partners with social service organizations to deliver case management and supportive services to residents.

Product overview

Episcopal Housing Corporation (EHC) is a non-profit developer of affordable housing and community facilities operating primarily in Baltimore City and Central Maryland. The organization operates a portfolio approach with multiple housing projects including affordable rental apartments (Sojourner Place at Oliver, Alcott Place, St. Stephen's Court, Four Ten Lofts), community centers, and transitional/permanent supportive housing for homeless populations. EHC owns properties directly and provides real estate development services to partner non-profits. The company's property management is handled through its subsidiary Ezra Management LLC. Projects include specialized housing for seniors, artists, individuals exiting homelessness, and those in substance abuse recovery, as well as community facilities serving at-risk populations.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Rental Housing Development Development and ongoing management of affordable rental apartments for low-income individuals and families in Baltimore City and Central Maryland. Projects include Sojourner Place at Oliver, Alcott Place, St. Stephen's Court Apartments, Four Ten Lofts, and other mixed-income and senior properties funded with LIHTC and HOME program allocations.
• Ezra Management Property Management Services Property management services delivered through EHC's wholly-owned subsidiary Ezra Management LLC for affordable housing properties including St. Stephen's Court Apartments, Alcott Place, Sojourner Place at Argyle, Ashburton Apartments, and Mulberry Supportive Housing.
• Transitional and Permanent Supportive Housing Housing for individuals and families experiencing homelessness or recovering from substance abuse, including Oxford House program support since 2002 and projects such as Mulberry Supportive Housing, Sojourner Place at Argyle, The Sage Center, and Prospect Place.
• Community Facilities Development Development of community centers and civic hubs for at-risk communities, providing spaces for social services, health programs, and community gatherings. Includes facilities such as St. Francis Neighborhood Center, Roberta's House, Harris Marcus Center, Pimlico Road Arts and Community Center, and The Club at Collington Square.
• Neighbor-to-Neighbor Coalition Coalition of faith-based and community partners working to prevent and end family homelessness by assisting families in developing skills for financial independence, with primary organizing by Epiphany Episcopal Church.

Quantifiable outcome

• 530+ affordable housing units created since 1995
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

20 partnerships are on record, tiered core and secondary.

• Chrysalis House Inc.coreStrategic or Co-development Partner · 1 January 2025$6MM joint campus expansion providing new childcare center, clinical wing, additional residential rooms, and kitchen/dining areas for mothers recovering from substance use and mental health disorders.
• Health Care for the HomelesscoreStrategic or Co-development Partner · 1 September 2021EHC partners with Health Care for the Homeless on multiple supportive housing projects including Sojourner Place at Oliver (70 units, 35 for homeless exit), Four Ten Lofts (78 units with 20 PSH units), and Sojourner Place at Park. HCH provides case management and supportive services for residents exiting homelessness.
• French DevelopmentcoreStrategic or Co-development Partner · 1 January 2017Co-development partner on Four Ten Lofts, a 78-unit project in the Bromo Tower Arts and Entertainment District combining permanent supportive housing, artist housing, and market-rate units.
• Conifer RealtycoreStrategic or Co-development Partner · 1 January 2016Multiple joint ventures including Gateway at Peerless (62 units), The Preserve at Red Run (87 units), North Creek Run II (22 units), and Brinkley Hill (64 units). Partnership provides mixed-income housing across Maryland.
• Holy Nativity and St. John's Development CorporationcoreStrategic or Co-development PartnerJoint development of the Pimlico Road Arts and Community Center ($3.2MM project completed 2007), serving Park Heights neighborhood with youth programs, family support, and preschool services.
• The Family Recovery ProgramcoreStrategic or Co-development PartnerPartnership to develop the Sage Center (2013), renovating former St. Katharine's Catholic School into 24 apartments for recovering families plus administrative space for FRP's reunification programs.
• St. Vincent De Paul of BaltimorecoreStrategic or Co-development PartnerPartnered on the $8.5MM renovation and expansion of Sarah's Hope emergency homeless shelter (2013), increasing capacity from 70 to 130 individuals and adding family-friendly private quarters.
• Tuerk HousecoreStrategic or Co-development PartnerPartnership on Weisman-Kaplan House expansion (12,000 sq ft adaptive reuse), consolidating three row homes into transitional housing for men in substance abuse recovery, expanding capacity from 18 to 27.
• Springboard Community ServicescoreStrategic or Co-development PartnerPartnership to expand West End Place into a comprehensive Family Support Center in Westminster, adding domestic violence case management, counseling, and new apartments.
• Roberta's House Inc.coreStrategic or Co-development PartnerDeveloped Roberta's House (18,000 sq ft grief support center opened 2020) and subsequent roof garden project (completed Spring 2025), serving children and families of crime victims.
• St. Francis Neighborhood CentercoreStrategic or Co-development PartnerMulti-phase partnership for renovation and expansion of Baltimore's oldest community center in Reservoir Hill. Phase 1 completed 2021, Phase 2 completed Spring 2025.
• Intersection of ChangecoreStrategic or Co-development PartnerPartnership on Martha's Place (SRO housing for women in recovery), Harris Marcus Center (community civic space/art studio), and new Youth in Business facility at 583 Presstman Street.
• Strong City BaltimoresecondaryStrategic or Co-development PartnerStrong City Baltimore took over operation of The Club at Collington Square in 2017. EHC developed the facility in 2008 combining four vacant rowhouses into programming/administrative space.
• Baltimore Safe HavensecondaryStrategic or Co-development PartnerEHC provided guidance in purchase and financing of 25,000 sf historic building in East Baltimore for TLGBQ community housing and services.
• Neighbor-to-NeighborsecondaryStrategic or Co-development PartnerCoalition of faith-based partners preventing homelessness by assisting families in developing skills for financial independence. Formed in 2009, primary organizing by Epiphany Episcopal Church.
• City of WestminstersecondaryStrategic or Co-development PartnerPartnership to build and sell four affordable townhomes (Union Crossing) in 2009 as part of downtown revitalization efforts.
• Behavioral Health System BaltimoresecondaryStrategic or Co-development PartnerPartner on Center for Health Care and Healthy Living at the Hebrew Orphan Asylum, providing voluntary non-emergency care 24/7 for up to 35 adults under the influence of drugs or alcohol.
• HCH Real Estate CompanycoreStrategic or Co-development PartnerJoint venture partner on Sojourner Place at Park (42 units, 28 PSH) and Sojourner Place at the Falls (117 units, 92 PSH), following success of Sojourner Place at Oliver.
• Beacon Communities LLCcoreStrategic or Co-development PartnerDevelopment partner on Sojourner Place at the Falls, a 117-unit affordable community with 92 permanent supportive housing units for individuals and families leaving homelessness.
• Baltimore Mayor's Office of Homeless ServicescoreStrategic or Co-development PartnerCoordinates referrals for permanent supportive housing units and site ownership partnership (50% ownership of Sojourner Place at Park site).

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AHC Inc. Nonprofit affordable housing developer operating in the Mid-Atlantic (Virginia, Maryland, DC) developing and managing LIHTC rental housing and resident services programs — directly comparable mission, geography, and LIHTC-driven model.
• The Community Builders: National nonprofit affordable housing developer and manager with significant Mid-Atlantic presence. Combines LIHTC new-construction development with in-house property management, mirroring EHC's combined development + Ezra Management model.
• NHP Foundation: National nonprofit affordable housing developer preserving and developing affordable rental housing through acquisition/rehabilitation and new construction — directly comparable operating model with a multi-family, mixed-income focus.
• Homes for America: Maryland-based nonprofit affordable housing developer providing rental housing and resident services across the state. Operates in the same Central Maryland geography as EHC and pursues a similar LIHTC/nonprofit development model.
• Conifer Realty: Rochester-based LIHTC-focused affordable housing developer and property manager that is an active EHC co-development partner in Maryland (Gateway at Peerless, The Preserve at Red Run, North Creek Run II, Brinkley Hill). Closest direct development partner with shared project economics and LIHTC model.
• Beacon Communities: National LIHTC developer and affordable housing owner/manager; EHC's joint venture partner on Sojourner Place at the Falls (117-unit PSH). Directly comparable in project structure, mission alignment with PSH, and reliance on LIHTC allocations.

Regional players

• Bon Secours Community Works: Baltimore-based nonprofit community development corporation focused on affordable housing, neighborhood revitalization, and community facilities in West Baltimore. Highly comparable geographic and mission focus, though more health-system affiliated than EHC.

Broad incumbents

• Enterprise Community Partners: One of the largest U.S. nonprofit affordable housing developers and investors, with deep LIHTC expertise and a national footprint. Operates broadly across the country, including major Mid-Atlantic activity, making it the most comparable scaled nonprofit peer to EHC, though at a much larger scale.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Episcopal-Housing-Corporation-209950639029980
• LinkedInlinkedin.com/company/episcopal-housing-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Episcopal Housing Corporation