OLF SENIOR HOUSING INC

EIN: 262348038 501(c)(3)

Timomium, MD

Total Revenue
$557,242
Total Expenses
$691,163
Total Assets
$4,604,289
Net Assets
$-2,214,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MD
Principal Officer
William J McCarthy Jr
Phone
6676003216
Tax Period
2023-07-01 to 2024-06-30

OLF SENIOR HOUSING INC, founded in 2008, is a small nonprofit that reported $557K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $691K exceeded revenue, resulting in a 24% operating deficit.

Mission

To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

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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 $374,936
Program Service Revenue $177,803
Investment Income $4,503
Other Revenue $0
TOTAL REVENUE $557,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $244,866
Fundraising Expenses $0
Program Expenses $621,533
Other Expenses $446,297
TOTAL EXPENSES $691,163

Year-over-Year Comparison

2023 2022 Change
Revenue $557,242 $511,755 +0.1%
Expenses $691,163 $738,903 -0.1%
Net Income $-133,921 $-227,148 -0.4%
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

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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
13
Independent Members
9
Employees
N/A
Volunteers
N/A

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
3
$794,476
Total Directors
12
$528,560
Key Employees
2
$453,849
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J McCarthy Jr Secretary 1
Officer Director
$0 $72,031 $528,560
Sarah I Beckwith Treasurer 1
Officer
$0 $47,524 $265,916
Ashley Valis Chief Operating Officer 1
Key Emp
$0 $23,793 $264,136
Mary Choplick Director Senior Communities 1
Key Emp
$0 $42,425 $189,713
Daniel Rizzo President 1
Officer Director
$0 $0 $0
Archbishop William E Lori Chairman 1
Director
$0 $0 $0
Theresa D Becks Director 1
Director
$0 $0 $0
John Stanton Director 1
Director
$0 $0 $0
Most Rev Adam Parker Director 1
Director
$0 $0 $0
Pamela W Gray Director 1
Director
$0 $0 $0
Tamla A Olivier Director 1
Director
$0 $0 $0
Natalie McSherry Director 1
Director
$0 $0 $0
Michael Bison Director 1
Director
$0 $0 $0
Marc Wyatt Director 1
Director
$0 $0 $0
Aileen Eskildsen Director 1
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 $557,242 $691,163 $4,604,289 $-133,921
2023 $511,755 $738,903 $4,727,034 $-227,148
2022 $474,106 $634,717 $4,863,479 $-160,611
2021 $420,138 $610,955 $4,965,507 $-190,817
2020 $425,058 $568,056 $5,148,779 $-142,998
2019 $424,182 $555,946 $5,308,173 $-131,764
2018 $413,234 $550,014 $5,417,500 $-136,780
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