WARFIELD DEVELOPMENT CORPORATION

EIN: 043610202 501(c)(3)

SYKESVILLE, MD

Total Revenue
$1,304,573
Total Expenses
$233,384
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MD
Principal Officer
IAN SHAW
Phone
4104042922
Tax Period
2018-01-01 to 2018-12-31

WARFIELD DEVELOPMENT CORPORATION, founded in 2002, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 82% operating margin.

Mission

TO DEVELOP, IMPLEMENT, AND OVERSEE PUBLIC AND PRIVATE DEVELOPMENT AND REHABILITATION PROJECTS IN THE TOWN OF SYKESVILLE, MARYLAND TO ACHIEVE A STRONG BUSINESS CLIMATE, URBAN RENEWAL, AND LONG-RANGE DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $106,973

THE ORGANIZATION SUCCESSFULLY NEGOTIATED THE SALE OF THE WARFIELD COMPLEX IN 2018. THE COMPLEX WILL BE THE FUTURE HOME FOR RESIDENTIAL, COMMERICAL AREAS, AND OFFICE SPACE TO AID IN THE ECONOMIC...

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THE ORGANIZATION SUCCESSFULLY NEGOTIATED THE SALE OF THE WARFIELD COMPLEX IN 2018. THE COMPLEX WILL BE THE FUTURE HOME FOR RESIDENTIAL, COMMERICAL AREAS, AND OFFICE SPACE TO AID IN THE ECONOMIC DEVELOPMENT OF THE TOWN OF SYKESVILLE, MARYLAND.

Program 2
Expenses: $90,210 Revenue: $55,275

ATTRACTED BUSINESSES AND DEVELOPMENT IN THE TOWN OF SYKESVILLE, MARYLAND. IN ADDITION TO THE PROGRAM SERVICE EXPENSES, 12,422 WAS CAPITALIZED IN 2018 AS PART OF THE ONGOING IMPROVEMENTS AND...

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ATTRACTED BUSINESSES AND DEVELOPMENT IN THE TOWN OF SYKESVILLE, MARYLAND. IN ADDITION TO THE PROGRAM SERVICE EXPENSES, 12,422 WAS CAPITALIZED IN 2018 AS PART OF THE ONGOING IMPROVEMENTS AND REHABILITATION OF THE WARFIELD COMPLEX.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $55,275
Investment Income $1,249,298
Other Revenue $0
TOTAL REVENUE $1,304,573

Expense Breakdown

Grants Paid $106,973
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $197,183
Other Expenses $126,411
TOTAL EXPENSES $233,384

Year-over-Year Comparison

2018 2017 Change
Revenue $1,304,573 $2,376,402 -0.5%
Expenses $233,384 $180,590 +0.3%
Net Income $1,071,189 $2,195,812 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
6

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$102,897
Total Directors
6
$102,897
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARETHA ADAMS SECRETARY 2.00
Officer Director
$0 $19,587 $102,897
ROBERT MORRIS MEMBER 0.50
Director
$0 $0 $0
ANDREW HECK PRESIDENT 0.50
Officer Director
$0 $0 $0
KENNETH JOHNSON MEMBER 0.50
Director
$0 $0 $0
FRAN KIRLEY MEMBER 0.50
Director
$0 $0 $0
IAN SHAW MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $1,304,573 $233,384 No data $1,071,189
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