Washington Home Inc

Organization Overview

Washington Home Inc is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Washington Home Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Home 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, Washington Home Inc generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Washington Home Inc has awarded 67 individual grants totaling $8,271,857. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUNDING TO ENTITIES THAT PROVIDE INNOVATIVE, COMPASSIONATE, AND WELL-MANAGED PROGRAMS TO IMPROVE THE QUALITY OF LIFE FOR ELDERLY AND/OR TERMINALLY ILL RESIDENTS IN THE WASHINGTON, DC METROPOLITAN AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

END OF LIFE CARE: WE PROVIDED HOSPICE SERVICES FOR PEOPLE WHO ARE LIVING WITH TERMINAL ILLNESSES IN THE 1ST QTR OF FY 2020. WE ASSISTED 80 TERMINALLY ILL PATIENTS WITH PAIN RELIEF, SYMPTOM MANAGEMENT, EMOTIONAL SUPPORT AND SPIRITUAL GUIDANCE DURING THAT TIME.


DURING THE REMAINDER OF FY 2020 WE BEGAN POSITIONING THE ORGANIZATION TO TURN INTO A PRIVATE FOUNDATION AND PROVIDED COVID RELIEF TO NON-PROFITS HELPING THE TERMINALLY ILL OR TO IMPROVE QUALITY OF LIFE FOR THE ELDERLY.


END OF LIFE CARE: WE PROVIDED HOSPICE SERVICES FOR PEOPLE WHO ARE LIVING WITH TERMINAL ILLNESSES IN THE 1ST QTR OF FY 2020. WE ASSISTED 80 TERMINALLY ILL PATIENTS WITH PAIN RELIEF, SYMPTOM MANAGEMENT, EMOTIONAL SUPPORT AND SPIRITUAL GUIDANCE DURING THAT TIME.


DURING THE REMAINDER OF FY 2020 WE BEGAN POSITIONING THE ORGANIZATION TO TURN INTO A PRIVATE FOUNDATION AND PROVIDED COVID RELIEF TO NON-PROFITS HELPING THE TERMINALLY ILL OR TO IMPROVE QUALITY OF LIFE FOR THE ELDERLY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rsm Us Llp
$76,480
Vytelis Inc
$73,502
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $925,327
Interest on Savings $0
Dividends & Interest $3,200,873
Net Rental Income$4,159,715
Net Gain on Sale of Assets $606,355
Capital Gain Net Income $555,001
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$1,421,756
Total Revenue $7,470,514

Grants Awarded

Over the last fiscal year, Washington Home Inc has awarded $3,340,566 in support to 30 organizations.

Grant RecipientAmount

CAPITAL CARING HEALTH

PURPOSE: CRITICALLY ILL

$469,200

WASHINGTON HOSPITAL CENTER DBA MEDSTAR WASHINGTON

PURPOSE: CRITICALLY ILL

$467,983

THE GEORGE WASHINGTON UNIVERSITY

PURPOSE: CRITICALLY ILL

$364,906

GEORGETOWN UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: CRITICALLY ILL

$300,000

IONA SENIOR SERVICES

Org PageRecipient Profile

Washington, DC

PURPOSE: CAREGIVERS RELIEF, SOCIAL ISOLATION, SPONSORSHIP

$231,000

MEDSTAR-GEORGETOWN MEDICAL CENTER INC

Org PageRecipient Profile

Washington, DC

PURPOSE: CRITICALLY ILL

$187,991
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Washington Home Inc has recieved totaling $35,354.

Awarding OrganizationAmount
Greater Washington Community Foundation

Washington, DC

PURPOSE: general support

$35,354
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,222,814
Earnings$289,352
Other Expense$691,484
Ending Balance$10,820,682

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