Home For The Aged Of Frederick City
- Assets
- $27.8m
- Revenue
- $2.3m
- Investments
- $25.6m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 07/1941
- Data as of
- 12/2023
- EIN
- 52-0591486
Organization Overview
Home For The Aged Of Frederick City is located in Frederick, MD. The organization was established in 1941. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home For The Aged Of Frederick City 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 12/2023, Home For The Aged Of Frederick City generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A HOME FOR THE AGED FACILITY - A RESIDENTIAL CARE FACILITY PROVIDING RESIDENTIAL FACILITIES, MEALS AND HEALTH CARE SERVICES FOR RESIDENTS. SIXTEEN RESIDENTS CARED FOR DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Allemang Board Member | 1 | $0 | |
Connie Mason 1st Vice President | 1 | $0 | |
Dana Forney Board Member | 1 | $0 | |
Dianne Martz Sec/treasurer Board Of Trustees | 1 | $0 | |
Ellen Hendrickson Board Member | 1 | $0 | |
Jean Doyle Corresponding Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,506 |
| Interest on Savings | $4 |
| Dividends & Interest | $731,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $349,123 |
| Capital Gain Net Income | $349,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,119,101 |
| Total Revenue | $2,252,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $1,111,560 |
| Pension plans, employee benefits | $174,304 |
| Interest | $0 |
| Taxes | $93,530 |
| Depreciation | $86,924 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $11,034 |
| Other expenses | $495,105 |
| Total operating and administrative expenses | $2,005,507 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,005,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $920,501 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,599 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,252,950 |
| Other assets | $74,177 |
| Total assets | $27,818,362 |
| Accounts payable and accrued expenses | $253,467 |
| Grants payable | $0 |
| Deferred revenue | $1,641,309 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,894,776 |