Home For The Aged Of Frederick City is located in Frederick, MD. The organization was established in 1941. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home For The Aged Of Frederick City 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, Home For The Aged Of Frederick City generated $2.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A HOME FOR THE AGED FACILITY - A RESIDENTIAL CARE FACILITY PROVIDING RESIDENTIAL FACILITIES, MEALS AND HEALTH CARE SERVICES FOR RESIDENTS. EIGHTEEN RESIDENTS CARED FOR DURING 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William R Talley Jr Sec/treasurer Board Of Trustees | 1 | $8,000 | |
Dana Forney Board Member | 1 | $0 | |
Dianne Martz Board Member | 1 | $0 | |
Peggy Denton Board Member | 1 | $0 | |
Cathy Karl President | 1 | $0 | |
Carol Daiger Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $65,376 |
Interest on Savings | $4 |
Dividends & Interest | $585,285 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $1,160,895 |
Capital Gain Net Income | $1,160,895 |
Net ST Capital Gain | $957 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $908,752 |
Total Revenue | $2,720,312 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $8,000 |
Other employee salaries and wages | $996,759 |
Pension plans, employee benefits | $169,085 |
Interest | $0 |
Taxes | $86,055 |
Depreciation | $88,348 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $11,327 |
Other expenses | $492,931 |
Total operating and administrative expenses | $1,890,555 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $1,890,555 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8 |
Savings and temporary cash investments | $1,604,209 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $13,125 |
Net Investments - land, buildings, equipment | $16,280 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $1,385,924 |
Other assets | $267,752 |
Total assets | $27,546,042 |
Accounts payable and accrued expenses | $211,652 |
Grants payable | $0 |
Deferred revenue | $1,128,368 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,340,020 |
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