Homewood At Spring House Estatesinc
- Assets
- $30.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsport, MD
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-5189952
Organization Overview
Homewood At Spring House Estatesinc is located in Williamsport, MD. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homewood At Spring House Estatesinc 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 12/2021, Homewood At Spring House Estatesinc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 9.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE, PROFESSIONAL, CARING SERVICE TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, CLIENTS AND CO-WORKERS.
Describe the Organization's Program Activity:
MAINTENANCE OF SENIOR HOUSING ACCOMMODATIONS AND PROVISION OF SERVICES TO RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Colledge Executive Di | 40 | $107,430 | |
Richard P Miller Pres./vp Ope | OfficerTrustee | 1 | $0 |
Rick Smith Chair | OfficerTrustee | 1 | $0 |
Thad Rothrock Parent Presi | Officer | 0 | $0 |
Linford J Yoder Vp-Human Res | Officer | 0 | $0 |
Wendy S Crampton Sec/treas/vp | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waltower Enterprises Inc Hvac Services | 12/30/20 | $116,068 |
Waltman Builders Inc Construction | 12/30/20 | $810,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,760 |
| Government grants | $261,145 |
| 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 | $286,905 |
| Total Program Service Revenue | $3,807,770 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,137,218 |
| 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 | $1,242,763 |
| Pension plan accruals and contributions | $51,602 |
| Other employee benefits | $367,834 |
| Payroll taxes | $89,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $363 |
| Fees for services: Accounting | $14,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $146,906 |
| Office expenses | $129,850 |
| Information technology | $39,487 |
| Royalties | $0 |
| Occupancy | $876,373 |
| Travel | $10,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,014 |
| Interest | $170,697 |
| Payments to affiliates | $188,339 |
| Depreciation, depletion, and amortization | $1,266,219 |
| Insurance | $21,410 |
| All other expenses | $36,989 |
| Total functional expenses | $4,913,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $976,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,462 |
| Prepaid expenses and deferred charges | $151,098 |
| Net Land, buildings, and equipment | $29,190,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,056 |
| Total assets | $30,416,471 |
| Accounts payable and accrued expenses | $445,408 |
| Grants payable | $0 |
| Deferred revenue | $2,259,152 |
| Tax-exempt bond liabilities | $6,099,718 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,498,845 |
| Total liabilities | $12,303,123 |
| Net assets without donor restrictions | $18,113,348 |
| 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 | $30,416,471 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homewood At Spring House Estatesinc has recieved totaling $20,762.
| Awarding Organization | Amount |
|---|---|
Homewood Foundation Inc Williamsport, MD PURPOSE: SUPPORT ORGANIZATION | $20,762 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
The Washington Center For Internships And Academic Seminars Washington, DC | $44,342,830 | $20,060,220 |
Homewood At Williamsport Md Inc Williamsport, MD | $33,819,654 | $18,842,651 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
G D L Farms Corporation Warrington, PA | $47,389,646 | $9,746,862 |
Lecom At Presque Isle Inc Erie, PA | $21,458,135 | $11,034,929 |
The Shook Home Chambersburg, PA | $25,432,316 | $13,913,472 |
Lifespire Of Virginia Glen Allen, VA | $66,161,909 | $8,820,978 |