Way Homes Inc
- Assets
- $495.2k
- Revenue
- $285.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Pasadena, MD
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-2458821
Organization Overview
Way Homes Inc is located in Pasadena, MD. The organization was established in 2010. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Way Homes Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Way Homes 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 12/2021, Way Homes Inc generated $285.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $290.1k during the year ending 12/2021. 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
PROVIDING A HEALTHY, DRUG-FREE ENVIRONMENT FOR MEN AND WOMEN WHO ARE RECOVERING FROM ADDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTHY, DRUG-FREE HOUSING, AND ASSISTANCE TO APPROXIMATELY 25 MEN AND WOMEN AT A TIME. ASSISTED APPROXIMATELY 100 INDIVIDUALS DURING THE PRIOR FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Drayer Vice President | OfficerTrustee | 16 | $21,620 |
Greg Anderson President | OfficerTrustee | 16 | $0 |
Daniel W Quasney Secretary | OfficerTrustee | 1 | $0 |
Allan Straughan Interim Acting Treasurer | OfficerTrustee | 1 | $0 |
Scott Whaley Board Member | Trustee | 1 | $0 |
John Yesker Jr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $750 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,734 |
| Total Program Service Revenue | $163,392 |
| Investment income | $1,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,222 |
| 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. | $21,620 |
| Compensation of current officers, directors, key employees. | $9,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,489 |
| Pension plan accruals and contributions | $1,075 |
| Other employee benefits | $0 |
| Payroll taxes | $7,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $890 |
| Office expenses | $4,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,207 |
| Insurance | $15,277 |
| All other expenses | $14,322 |
| Total functional expenses | $290,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,722 |
| Savings and temporary cash investments | $16,431 |
| 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 | $1,895 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $408,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,191 |
| Accounts payable and accrued expenses | $3,869 |
| 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 | $480,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $484,505 |
| Net assets without donor restrictions | $0 |
| 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 | $10,686 |
| Total liabilities and net assets/fund balances | $495,191 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Way Homes Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: GENERAL SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horizon House Rehabilitation Serv Inc Philadelphia, PA | $14,312,848 | $47,190,161 |
Northeast Treatment Centers Inc Philadelphia, PA | $32,576,263 | $43,098,585 |
Ashley Inc Havre De Grace, MD | $135,586,864 | $45,871,102 |
Gateway Rehabilitation Center Moon Township, PA | $23,829,344 | $31,864,968 |
Mirmont Alcohol Rehabilitation Center Newtown Square, PA | $27,152,700 | $24,952,557 |
Truenorth Wellness Services Hanover, PA | $22,294,880 | $22,592,679 |
National Association Of Drug Court Professionals Alexandria, VA | $11,083,937 | $20,710,508 |
Net Treatment Services Inc Philadelphia, PA | $7,104,223 | $17,590,215 |
Southwest Behavioral Care Inc Charleroi, PA | $4,655,693 | $16,384,731 |
Merakey Parkside Recovery Lafayette Hill, PA | $6,334,030 | $14,518,954 |
Horizon House Inc Philadelphia, PA | $38,584,419 | $28,628,800 |
Livengrin Foundation Inc Bensalem, PA | $27,681,374 | $15,325,096 |