Way Station Inc
- Assets
- $47.4m
- Revenue
- $39.5m
- Investments
- $7.8m
- Employees
- 807
- Location
- Frederick, MD
- Founding
- 05/1980
- Data as of
- 06/2022
- EIN
- 52-1162749
Organization Overview
Way Station Inc is located in Frederick, MD. The organization was established in 1980. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Way Station Inc employed 807 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Way Station 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, Way Station Inc generated $39.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $38.2m during the year ending 06/2022. While expenses have increased by 2.2% 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
PROVIDING COMMUNITY-BASED OUTPATIENT BEHAVIORAL HEALTH, RESIDENTIAL REHABILITATION AND SOCIAL SERVICES AS PART OF SHEPPARD PRATT CONTINUUM OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION AND RECOVERY SERVICES: PROVIDES RESIDENTIAL AND REHABILITATION SUPPORT, LIVING SKILLS, AND VOCATIONAL SERVICES TO ADULTS WITH SERIOUS MENTAL ILLNESS AND DEVELOPMENTAL DISABILITIES.
INCLUDES COMMUNITY-BASED OUTPATIENT CLINICS SERVING ADULTS, CHILDREN AND FAMILIES PROVIDING A COMPREHENSIVE ARRAY OF MENTAL HEALTH AND SUBSTANCE USE SERVICES AND OTHER SUPPORT SERVICES: CONTRACT AND RENTAL INCOME THAT SUPPORTS THE PROGRAMS DESCRIBED ABOVE AND WORKFORCE DEVELOPMENT SERVICES FOR VETERANS.
COMMUNITY TREATMENT: PROVIDES COMPREHENSIVE OUTPATIENT MENTAL HEALTH SERVICES TO ADULTS, ADOLESCENTS, AND CHILDREN.
FAMILIES AND COMMUNITIES: PROVIDES INTENSIVE TREATMENT AND SUPPORT SERVICES TO CHILDREN AND ADOLESCENTS WITH MENTAL HEALTH NEEDS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harsh Trivedi MD President And CEO | Trustee | 1 | $0 |
Jeffrey W Richardson VP And COO Community Services | OfficerTrustee | 1 | $0 |
Greg Gattman VP And COO Hospitals | Trustee | 1 | $0 |
Kelly Savoca VP And Cfo, Treasurer/secretary | OfficerTrustee | 1 | $0 |
Antonio Simpkins Board Member | Trustee | 1 | $0 |
Anne Meyers Assistant Chief, Rehab & Recovery | 40 | $165,167 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Constr Co Inc Renovation Of Crisis House | 6/29/22 | $1,639,108 |
Verizon Wireless It/data Services | 6/29/22 | $278,871 |
Netsmart Technologies Inc It Services | 6/29/22 | $235,685 |
Shi International Corp It & Data Services | 6/29/22 | $222,593 |
Enterprise Trust & Investment Co Investment Services | 6/29/22 | $180,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,366,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,417,483 |
| Total Program Service Revenue | $32,408,584 |
| Investment income | $218,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,905 |
| Net Gain/Loss on Asset Sales | $1,517,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,543,218 |
| 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 | $23,170,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,820,115 |
| Payroll taxes | $1,942,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,945 |
| Fees for services: Accounting | $111,000 |
| Fees for services: Lobbying | $2,858 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,713 |
| Fees for services: Other | $3,237,495 |
| Advertising and promotion | $5,139 |
| Office expenses | $442,616 |
| Information technology | $719,801 |
| Royalties | $0 |
| Occupancy | $2,022,289 |
| Travel | $530,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,097 |
| Interest | $110,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,522,841 |
| Insurance | $343,150 |
| All other expenses | $73,381 |
| Total functional expenses | $38,155,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,950,176 |
| Savings and temporary cash investments | $5,416,894 |
| Pledges and grants receivable | $697,909 |
| Accounts receivable, net | $3,743,860 |
| 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 | $708,787 |
| Net Land, buildings, and equipment | $24,632,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,803,401 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,410,818 |
| Total assets | $47,364,726 |
| Accounts payable and accrued expenses | $4,167,352 |
| Grants payable | $0 |
| Deferred revenue | $79,367 |
| Tax-exempt bond liabilities | $3,569,574 |
| Escrow or custodial account liability | $409,197 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,505,360 |
| Total liabilities | $12,771,875 |
| Net assets without donor restrictions | $25,964,627 |
| Net assets with donor restrictions | $8,628,224 |
| 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 | $47,364,726 |