HOMEWOOD AT SPRING HOUSE ESTATES INC

EIN: 205189952 501(c)(3) Housing & Shelter

WILLIAMSPORT, MD

Total Revenue
$4,912,490
Total Expenses
$5,689,857
Total Assets
$31,061,198
Net Assets
$16,799,869
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
WENDY S CRAMPTON
Phone
3015821626
Tax Period
2023-01-01 to 2023-12-31

HOMEWOOD AT SPRING HOUSE ESTATES INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $5.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE COMPANY PRIMARILY PROVIDES A CONTINUUM OF CARE FOR ELDERLY PERSONS IN A RETIREMENT COMMUNIT. THE FACILITY CONTAINS 128 INDEPENDENT LIVING COTTAGES AND APARTMENTS, AND 16 ASSISTED LIVING SUITES.

Program Service Accomplishments

Program 1
Expenses: $4,842,595 Revenue: $4,800,758

MAINTENANCE OF SENIOR HOUSING ACCOMMODATIONS AND PROVISION OF SERVICES TO RESIDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,608
Program Service Revenue $4,800,758
Investment Income $11,334
Other Revenue $96,790
TOTAL REVENUE $4,912,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,916,569
Fundraising Expenses $0
Program Expenses $4,842,595
Other Expenses $3,773,288
TOTAL EXPENSES $5,689,857

Year-over-Year Comparison

2023 2022 Change
Revenue $4,912,490 $4,364,191 +0.1%
Expenses $5,689,857 $5,204,456 +0.1%
Net Income $-777,367 $-840,265 -0.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
60

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
6
$2,446,439
Total Directors
7
$572,736
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THAD ROTHROCK PARENT PRESI 0.00
Officer
$0 $127,465 $985,629
RICHARD P MILLER PRES./VP OPE 1.00
Officer Director
$0 $51,889 $572,736
WENDY S CRAMPTON SEC/TREAS/VP 1.00
Officer
$0 $61,374 $539,697
LINFORD J YODER VP-HUMAN RES 0.00
Officer
$0 $41,176 $348,377
AMANDA L COTTLE EXECUTIVE DI 40.00
Highest
$106,875 $20,943 $127,818
CAROLYN DINGLE DIRECTOR 1.00
Director
$0 $0 $0
BETH HULLIHEN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN JEFFRIES DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH MOCK DIRECTOR 1.00
Director
$0 $0 $0
RICK SMITH CHAIR 1.00
Officer Director
$0 $0 $0
REV DAVID WEINHOLD VICE CHAIR 1.00
Officer 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
2024 No data No data No data No data
2023 $4,912,490 $5,689,857 $31,061,198 $-777,367
2022 $4,364,191 $5,204,456 $30,465,573 $-840,265
2021 $4,137,218 $4,913,014 $30,416,471 $-775,796
2020 $4,222,486 $4,781,442 $31,653,599 $-558,956
2019 $3,425,332 $3,941,119 $31,534,262 $-515,787
2018 $2,963,875 $3,262,026 $28,232,492 $-298,151
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