Cherry Hill Town Center Inc
- Assets
- $4.0m
- Revenue
- $857.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Timonium, MD
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 52-2013649
Organization Overview
Cherry Hill Town Center Inc is located in Timonium, MD. The organization was established in 1946. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cherry Hill Town Center 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 06/2021, Cherry Hill Town Center Inc generated $857.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $670.7k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATED BY ASSOCIATED CATHOLIC CHARITIES, INC., THE TOWN CENTER ACTS AS AN IMPORTANT CENTER TO THE NEIGHBORHOOD WITH AMENITIES SUCH AS A BARBER SHOP, PREPARED FOODS, LAUNDRY, AND PUBLIC LIBRARY AS WELL AS KEY SERVICES SUCH AS A HEALTH CENTER, WIC PROGRAM, AND DAYCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED BY ASSOCIATED CATHOLIC CHARITIES, INC., THE TOWN CENTER ACTS AS AN IMPORTANT CENTER TO THE NEIGHBORHOOD WITH AMENITIES SUCH AS A BANK, BARBER SHOP, PREPARED FOODS, LAUNDRY, AND PUBLIC LIBRARY AS WELL AS KEY SERVICES SUCH AS A HEALTH CENTER, WIC PROGRAM, AND DAYCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Mccarthy Jr Secretary | OfficerTrustee | 1 | $0 |
Theresa D Becks President | OfficerTrustee | 1 | $0 |
Kevin Keegan Division Director | Officer | 1 | $0 |
Scott W Becker Treasurer | Officer | 1 | $0 |
Mary Anne Odonnell Assistant Director/chief Administration Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,032 |
| Total Program Service Revenue | $652,827 |
| Investment income | $3 |
| 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 | $857,862 |
| 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 | $81,303 |
| Pension plan accruals and contributions | $1,826 |
| Other employee benefits | $10,558 |
| Payroll taxes | $6,041 |
| Fees for services: Management | $62,530 |
| Fees for services: Legal | $18,933 |
| 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 | $0 |
| Advertising and promotion | $4,699 |
| Office expenses | $3,540 |
| Information technology | $2,310 |
| Royalties | $0 |
| Occupancy | $245,623 |
| 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 | $201,624 |
| Insurance | $1,045 |
| All other expenses | $30,709 |
| Total functional expenses | $670,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,664 |
| Savings and temporary cash investments | $27,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,262 |
| 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 | $3,483,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,967,100 |
| Accounts payable and accrued expenses | $3,029,904 |
| Grants payable | $0 |
| Deferred revenue | $4,572 |
| 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 | $259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,079 |
| Total liabilities | $3,045,814 |
| Net assets without donor restrictions | $921,286 |
| 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 | $3,967,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cherry Hill Town Center Inc has recieved totaling $65,400.
| Awarding Organization | Amount |
|---|---|
Associated Catholic Charities Inc Timonium, MD PURPOSE: Capital subsidy | $65,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |