Joseph Richey House Inc
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $2.9m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 11/1980
- Data as of
- 06/2021
- EIN
- 52-1184960
Organization Overview
Joseph Richey House Inc is located in Baltimore, MD. The organization was established in 1980. 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. Joseph Richey House 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 06/2021, Joseph Richey House Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. 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
THE JOSEPH RICHEY HOUSE INC., THROUGH A DEDICATED COMMUNITY OF VOLUNTEERS AND STAFF, PROVIDES COMPASSIONATE, HOLISTIC, PALLIATIVE CARE FOR TERMINALLY ILL ADULTS AND CHILDREN. JOSEPH RICHEY HOUSE INC. RECOGNIZES THE DIGNITY OF EACH INDIVIDUAL BY ALLEVIATING SUFFERING AND ENHANCING THE QUALITY OF LIFE; OFFERING CARE IN A SPIRIT OF SERVICE, HOSPITALITY AND MUTUAL RESPECT, WITHOUT REGARD TO RACE, CREED, DIAGNOSIS OR ABILITY TO PAY. AT JOSEPH RICHEY HOUSE AND THROUGH HOSPICE HOMECARE, WE PROVIDE A SECURE HOME-LIKE ENVIRONMENT; INTEGRATING FAMILY AND FRIENDS IN THE UNIT OF CARE. WE FOSTER EDUCATION AND COOPERATION AMONG STAFF, VOLUNTEERS, AND COMMUNITY THROUGH IN-SERVICE AND OUTREACH PROGRAMS; AND RECOGNIZING THE NEED FOR WELL-MANAGED COST-EFFECTIVE DELIVERY OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOSEPH RICHEY HOUSE, INC. PROVIDES INPATIENT HOSPICE AND RESIDENTIAL HOSPICE CARE IN ITS 22 BED FACILITY LOCATED IN DOWNTOWN BALTIMORE CITY. IT PROVIDES CARE FOR THE UNDERPRIVILEGED AND UNDERSERVED PATIENTS AT THE END OF LIFE REGARDLESS OF THE ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene A Friedman ESQ Treasurer | OfficerTrustee | 1 | $0 |
Catherine Y Hamel President | OfficerTrustee | 10 | $0 |
Timothy F Doran MD Chairman | OfficerTrustee | 1 | $0 |
William Beckford Vice Chair | OfficerTrustee | 1 | $0 |
Carole Connelly RN Secretary | OfficerTrustee | 1 | $0 |
Laurie R Beyer Evp & CFO Gbmc Healthcare | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investigative Consulting & Services Security | 6/29/21 | $320,297 |
Johns Hopkins University Clinical Services | 6/29/21 | $179,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,801 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $6,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,104 |
| Total Program Service Revenue | $924,469 |
| Investment income | $90,110 |
| 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 | $1,143,135 |
| 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 | $1,949,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $238,841 |
| Payroll taxes | $139,070 |
| Fees for services: Management | $70,316 |
| Fees for services: Legal | $22,040 |
| 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 | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $59,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $454,298 |
| Travel | $176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,588 |
| Insurance | $0 |
| All other expenses | $75,150 |
| Total functional expenses | $3,267,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,213 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,457 |
| Accounts receivable, net | $256,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,233,529 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $293,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,889,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,182,008 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,060,923 |
| Total liabilities | $4,060,923 |
| Net assets without donor restrictions | -$1,788,055 |
| Net assets with donor restrictions | $2,909,140 |
| 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 | $5,182,008 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Joseph Richey House Inc has recieved totaling $276,179.
| Awarding Organization | Amount |
|---|---|
Gilchrist Hospice Care Inc Hunt Valley, MD PURPOSE: TEMPORARILY RESTRICTED CONTRIBUTION PAID TO GILCHRIST ON BEHALF OF JOSEPH RICHEY HOUSE, INC. | $242,122 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: Designated and or granted in support of agency programs | $11,801 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: Designated and or granted in support of agency programs | $11,801 |
Associated Black Charities Inc Baltimore, MD PURPOSE: RYAN WHITE | $10,455 |
Endowment Analysis
| Beg. Balance | $2,300,487 |
| Earnings | $475,842 |
| Ending Balance | $2,776,329 |
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|---|---|---|
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Beth Sholom Home Of Eastern Virginia Virginia Beach, VA | $27,551,493 | $20,688,012 |
Artman Lutheran Home Ambler, PA | $58,762,001 | $19,567,052 |
Columbia Vantage House Corporation Columbia, MD | $57,259,023 | $17,855,737 |
Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |
Lexington Retirement Community Inc Lexington, VA | $110,623,438 | $22,740,309 |
Evangelical Manor Warminster, PA | $21,826,536 | $16,413,421 |
Heron Point Of Chestertown Inc Fort Washington, PA | $70,848,712 | $18,371,788 |
Old Mans Home Of Philadelphia Wynnewood, PA | $28,896,647 | $15,711,249 |
New Heritage Towers Warminster, PA | $54,481,428 | $18,874,370 |
Culpeper Baptist Retirement Community Inc Glen Allen, VA | $85,756,806 | $15,427,505 |