Potomac Home Support Inc
- Assets
- $2.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 281
- Location
- Baltimore, MD
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 52-1750383
Organization Overview
Potomac Home Support Inc is located in Baltimore, MD. The organization was established in 1992. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 06/2022, Potomac Home Support Inc employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Home Support 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, Potomac Home Support Inc generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. 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 HOME HEALTH CARE THROUGH PRIVATE DUTY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POTOMAC HOME SUPPORT: IT IS A PRIVATE DUTY HOME HEALTH CARE AGENCY WHICH PROVIDED 192,098 HOURS OF HOME CARE SERVICES TO INDIVIDUALS AND THEIR FAMILIES. A TOTAL OF 1,331 PATIENTS WERE ASSISTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Carpenter Mha Fache Trustee | Trustee | 1 | $0 |
Mary Myers Trustee, Chairman, CEO | OfficerTrustee | 20 | $0 |
Eric Dobkin MD Trustee | Trustee | 1 | $0 |
Anu Mullick Trustee | Trustee | 1 | $0 |
Vadim Schick Secretary | Officer | 1 | $0 |
James Van Daniker Vp, Finance And Treasurer, CFO | Officer | 5 | $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 | $6,066,437 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,755 |
| 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 | $6,168,936 |
| 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 | $4,726,845 |
| Pension plan accruals and contributions | $121,159 |
| Other employee benefits | $165,357 |
| Payroll taxes | $351,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $368,414 |
| Advertising and promotion | $4,900 |
| Office expenses | $117,127 |
| Information technology | $15,711 |
| Royalties | $0 |
| Occupancy | $309,116 |
| Travel | $16,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,755 |
| All other expenses | $100,792 |
| Total functional expenses | $6,508,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $845,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,154 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,641,939 |
| Total assets | $2,878,714 |
| Accounts payable and accrued expenses | $412,367 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,580,121 |
| Total liabilities | $1,992,488 |
| Net assets without donor restrictions | $0 |
| 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 | $886,226 |
| Total liabilities and net assets/fund balances | $2,878,714 |