Stoddard Baptist Home
- Assets
- $9.7m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 140
- Location
- Washington, DC
- Founding
- 01/1943
- Data as of
- 12/2022
- EIN
- 53-0204634
Organization Overview
Stoddard Baptist Home is located in Washington, DC. The organization was established in 1943. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Stoddard Baptist Home employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stoddard Baptist Home 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 12/2022, Stoddard Baptist Home generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $15.7m during the year ending 12/2022. 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 QUALITY HOUSING AND CARE FOR THE ELDERLY AND THEIR FAMILIES BY RESPONDING TO THEIR, SPIRITUAL, PHYSICAL, EMOTIONAL, AND SOCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES QUALITY HOUSING AND SKILLED CARE FOR THE ELDERLY IN DC WITH A 164 BED NURSING HOME AND THE OPERATION OF A 14 BED ASSISTED LIVING FACILITY IN MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Steven A Nash President & CEO | Officer | 28 | $220,728 |
Mr Mahesh Tyagi CFO | Officer | 34 | $221,242 |
Sussan Nonyelem Onwuvuariri Nurse | 40 | $162,703 | |
MA Remedios J Johnson Administrator | 40 | $153,074 | |
Grace Oche Nurse | 40 | $117,541 | |
Palvine Alem Registered Nurse | 40 | $111,756 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamilton Insurance Insurance | 12/30/22 | $492,136 |
Unidine Corporation Food Services | 12/30/22 | $1,311,156 |
Ems Inc Housekeeping | 12/30/22 | $684,131 |
Functional Pathways Therapy Services | 12/30/22 | $699,853 |
Revel Enterprises Security | 12/30/22 | $339,219 |
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 | $1,498,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,498,805 |
| Total Program Service Revenue | $16,030,999 |
| Investment income | $0 |
| 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 | $17,529,804 |
| 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. | $1,098,171 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,617,839 |
| Pension plan accruals and contributions | $33,991 |
| Other employee benefits | $599,376 |
| Payroll taxes | $588,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,949 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,822 |
| Insurance | $492,335 |
| All other expenses | $2,917 |
| Total functional expenses | $15,747,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,627,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,754,903 |
| Total assets | $9,684,868 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,752,087 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,752,087 |
| Net assets without donor restrictions | $1,932,781 |
| 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 | $9,684,868 |