MAHER HOMES INC

EIN: 208538406 501(c)(3) Housing & Shelter

FREDERICK, MD

Total Revenue
$35,968
Total Expenses
$91,378
Total Assets
$1,159,221
Net Assets
$190,300
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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
2007
Legal Domicile
MD
Principal Officer
KELLY SAVOCA
Phone
3016620099
Tax Period
2023-07-01 to 2024-06-30

MAHER HOMES INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $36K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $91K exceeded revenue, resulting in a 154% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

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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 $14,776
Program Service Revenue $21,188
Investment Income $4
Other Revenue $0
TOTAL REVENUE $35,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $67,848
Other Expenses $91,378
TOTAL EXPENSES $91,378

Year-over-Year Comparison

2023 2022 Change
Revenue $35,968 $20,831 +0.7%
Expenses $91,378 $92,215 0.0%
Net Income $-55,410 $-71,384 -0.2%
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
5
Independent Members
3
Employees
N/A
Volunteers
5

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
$1,004,707
Total Directors
8
$1,004,707
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH NORMAN CHIEF, COMMUNITY DEVELOPMENT 1.00
Officer Director
$0 $31,784 $244,161
ROBERT HALL VICE PRESIDENT - THRU 04/2024 0.25
Officer Director
$0 $0 $0
JEFF RICHARDSON TREASURER - THRU 03/2024 1.00
Officer Director
$0 $61,509 $719,763
ERINN SHAW VICE-PRESIDENT 0.25
Officer Director
$0 $0 $0
MARISA PLUNK TREASURER 1.00
Officer Director
$0 $4,698 $40,783
ISSUMI YOUNG SECRETARY 0.25
Officer Director
$0 $0 $0
CLAIRE DENNIS-TUKPAH DIRECTOR - THRU 04/2024 0.25
Director
$0 $0 $0
JOHN SHIPLEY DIRECTOR 0.25
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
2025 No data No data No data No data
2024 $35,968 $91,378 $1,159,221 $-55,410
2023 $20,831 $92,215 $1,192,682 $-71,384
2022 $49,930 $84,517 $1,232,424 $-34,587
2021 $51,074 $89,333 $1,269,199 $-38,259
2020 $56,106 $89,534 $1,308,630 $-33,428
2019 $50,493 $89,197 $1,341,751 $-38,704
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