Wetzel Homes Inc
- Assets
- $625.0k
- Revenue
- $70.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 03-0425594
Organization Overview
Wetzel Homes Inc is located in Frederick, MD. The organization was established in 2002. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wetzel Homes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wetzel Homes Inc generated $70.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $94.9k during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED IN ACCORDANCE WITH EXEMPT PURPOSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Norman President | OfficerTrustee | 0.15 | $0 |
Jeff Richardson Treasurer | OfficerTrustee | 0.15 | $0 |
David Weiss Secretary | OfficerTrustee | 0.15 | $0 |
Robert Hall Vice Preside | OfficerTrustee | 0.15 | $0 |
Clarie Dennis-Tukpah Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $70,486 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,704 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,612 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,207 |
| Insurance | $3,001 |
| All other expenses | $0 |
| Total functional expenses | $94,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $559,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,590 |
| Total assets | $625,041 |
| Accounts payable and accrued expenses | $8,976 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $855,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $864,600 |
| Net assets without donor restrictions | -$239,559 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $625,041 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fidelity Resources Incorporated Towson, MD | $5,393,131 | $13,537,052 |
Strawberry Fields Inc State College, PA | $4,241,670 | $9,355,712 |
My Own Place Inc Hyattsville, MD | $11,287,984 | $12,398,898 |
Wayne Memorial Long Term Care Inc Waymart, PA | $8,248,995 | $8,488,655 |
Charterhouse School Inc Richmond, VA | $1,399,029 | $7,716,111 |
Leary Educational Foundation Inc Winchester, VA | $11,458,020 | $7,471,815 |
North Star Special Services Inc Pikesville, MD | $2,978,997 | $5,297,479 |
Chesapeake Care Resources Inc North East, MD | $9,115,087 | $7,444,473 |
Wraparound Maryland Salisbury, MD | $3,047,238 | $5,311,595 |
Gateway Homes Inc Chesterfield, VA | $6,272,699 | $4,943,891 |
Larche Erie Inc Erie, PA | $3,725,417 | $4,903,323 |
Flying Colors Of Success Inc Westminster, MD | $4,055,388 | $4,396,445 |