Cherry Hill Town Center Inc
- Assets
- $5.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Timonium, MD
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Cherry Hill Town Center Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $908.1k during the year ending 06/2022. While expenses have increased by 5.1% 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Mccarthy Jr Secretary | OfficerTrustee | 1 | $0 |
Scott W Becker Treasurer (through February 6, 2022) | Officer | 1 | $0 |
Kevin Keegan Division Director | Officer | 1 | $0 |
Theresa D Becks President | OfficerTrustee | 1 | $0 |
Sarah I Beckwith Treasurer (started February 7, 20220 | Officer | 1 | $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 | $2,219,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,219,942 |
| Total Program Service Revenue | $671,986 |
| Investment income | $2 |
| 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 | $2,922,408 |
| 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 | $84,225 |
| Pension plan accruals and contributions | $5,890 |
| Other employee benefits | $10,295 |
| Payroll taxes | $6,345 |
| Fees for services: Management | $53,890 |
| Fees for services: Legal | $38,382 |
| 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 | $2,050 |
| Office expenses | $4,242 |
| Information technology | $3,135 |
| Royalties | $0 |
| Occupancy | $280,025 |
| 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 | $394,457 |
| Insurance | $1,137 |
| All other expenses | $34 |
| Total functional expenses | $908,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,484 |
| Savings and temporary cash investments | $27,592 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,801 |
| 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 | $5,030,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,143 |
| Total assets | $5,229,431 |
| Accounts payable and accrued expenses | $1,704,500 |
| 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 | $578,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,079 |
| Total liabilities | $2,293,838 |
| Net assets without donor restrictions | $2,935,593 |
| 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 | $5,229,431 |