Potomac Healthcare Foundation
- Assets
- $14.8m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1978
- Data as of
- 06/2022
- EIN
- 52-1116578
Organization Overview
Potomac Healthcare Foundation is located in Baltimore, MD. The organization was established in 1978. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Healthcare Foundation 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, Potomac Healthcare Foundation generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $10.7m during the year ending 06/2022. While expenses have increased by 16.4% per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES RESIDENTIAL TREATMENT AND SERVICES FOR ALCOHOL AND/OR DRUG DEPENDENT PREGNANT AND POSTPARTUM WOMEN ALONG WITH THEIR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Sacks Chairman/treasurer/trustee | 1 | $0 | |
Barbara Groves President/secretary/truste | 1 | $0 | |
Helen Stefan Moreau Trustee | 1 | $0 | |
Harold Joyce Trustee | 1 | $0 | |
Jonathan Novak Trustee | 1 | $0 | |
Roby William CFO | 40 | $206,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Costello | 6/29/22 | $654,143 |
Netsmart | 6/29/22 | $223,766 |
S & W Construction | 6/29/22 | $110,813 |
Fireline | 6/29/22 | $77,719 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,992,692 |
| Interest on Savings | $2,303 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,141,808 |
| Total Revenue | $10,136,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,885,752 |
| Pension plans, employee benefits | $117,026 |
| Interest | $294,854 |
| Taxes | $149,939 |
| Depreciation | $332,082 |
| Occupancy | $1,245,898 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,642,362 |
| Total operating and administrative expenses | $10,726,363 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,726,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,818,913 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $641,279 |
| Net Pledges Receivable | $0 |
| Grants receivable | $69,509 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,091,005 |
| Other assets | $162,683 |
| Total assets | $14,783,389 |
| Accounts payable and accrued expenses | $353,460 |
| Grants payable | $0 |
| Deferred revenue | $1,439,539 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,231,254 |
| Other liabilities | $2,487,420 |
| Total liabilities | $9,511,673 |