Homewood At Spring House Estatesinc
- Assets
- $31.1m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsport, MD
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-5189952
Organization Overview
Homewood At Spring House Estatesinc is located in Williamsport, MD. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homewood At Spring House Estatesinc 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 12/2023, Homewood At Spring House Estatesinc generated $4.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE, PROFESSIONAL, CARING SERVICE TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, CLIENTS AND CO-WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF SENIOR HOUSING ACCOMMODATIONS AND PROVISION OF SERVICES TO RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thad Rothrock Parent Presi | Officer | 0 | $0 |
Richard P Miller Pres./vp Ope | OfficerTrustee | 1 | $0 |
Wendy S Crampton Sec/treas/vp | Officer | 1 | $0 |
Linford J Yoder Vp-Human Res | Officer | 0 | $0 |
Amanda L Cottle Executive Di | 40 | $106,875 | |
Carolyn Dingle Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waltower Enterprises Inc Plumbing | 12/30/23 | $147,612 |
Lawrence Bazard Maintenance | 12/30/23 | $128,325 |
Lawruk Builders Inc Construction | 12/30/23 | $552,836 |
Eci Service Llc Construction | 12/30/23 | $771,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,608 |
| 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 | $3,608 |
| Total Program Service Revenue | $4,800,758 |
| Investment income | $1,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,912,490 |
| 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 | $1,456,424 |
| Pension plan accruals and contributions | $62,382 |
| Other employee benefits | $292,847 |
| Payroll taxes | $104,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,515 |
| Fees for services: Accounting | $6,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,703 |
| Advertising and promotion | $242,712 |
| Office expenses | $112,522 |
| Information technology | $77,390 |
| Royalties | $0 |
| Occupancy | $991,662 |
| Travel | $7,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,043 |
| Interest | $169,937 |
| Payments to affiliates | $277,968 |
| Depreciation, depletion, and amortization | $1,410,196 |
| Insurance | $27,796 |
| All other expenses | $25,488 |
| Total functional expenses | $5,689,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $916,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,845 |
| Prepaid expenses and deferred charges | $156,435 |
| Net Land, buildings, and equipment | $29,295,613 |
| Investments—publicly traded securities | $109,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $561,728 |
| Total assets | $31,061,198 |
| Accounts payable and accrued expenses | $661,187 |
| Grants payable | $0 |
| Deferred revenue | $2,447,202 |
| Tax-exempt bond liabilities | $5,184,865 |
| 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 | $5,968,075 |
| Total liabilities | $14,261,329 |
| Net assets without donor restrictions | $16,799,869 |
| 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 | $31,061,198 |