OLF SENIOR HOUSING II

EIN: 264290198 501(c)(3)

Timonium, MD

Total Revenue
$493,790
Total Expenses
$671,326
Total Assets
$4,845,066
Net Assets
$-1,845,797
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MD
Principal Officer
William J McCarthy Jr
Phone
6676003216
Tax Period
2022-07-01 to 2023-06-30

OLF SENIOR HOUSING II, founded in 2009, is a small nonprofit that reported $494K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $671K exceeded revenue, resulting in a 36% 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 (2022)

Revenue Breakdown

Contributions & Grants $294,778
Program Service Revenue $198,213
Investment Income $799
Other Revenue $0
TOTAL REVENUE $493,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,221
Fundraising Expenses $0
Program Expenses $624,201
Other Expenses $460,105
TOTAL EXPENSES $671,326

Year-over-Year Comparison

2022 2021 Change
Revenue $493,790 $446,008 +0.1%
Expenses $671,326 $644,582 +0.0%
Net Income $-177,536 $-198,574 -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
12
Independent Members
8
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
2
$731,531
Total Directors
13
$510,904
Key Employees
2
$343,120
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J McCarthy Jr Secretary 1
Officer Director
$0 $69,648 $510,904
Sarah I Beckwith Treasurer (Started Febuary 7, 2022) 1
Officer
$0 $37,697 $220,627
Mary Choplick Director Senior Communities 1
Key Emp
$0 $40,668 $187,155
Ashley Valis Chief Operating Officer 1
Key Emp
$0 $4,200 $155,965
Archbishop William E Lori Chairman 1
Director
$0 $0 $0
Daniel Rizzo Director 1
Director
$0 $0 $0
Theresa D Becks President 1
Director
$0 $0 $0
J Scott Wilfong Director 1
Director
$0 $0 $0
John Stanton Director 1
Director
$0 $0 $0
Marianne Schmitt Hellauer 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
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 No data No data No data No data
2023 $493,790 $671,326 $4,845,066 $-177,536
2022 $446,008 $644,582 $4,960,298 $-198,574
2021 $404,417 $626,531 $5,098,459 $-222,114
2020 $411,776 $551,059 $5,360,725 $-139,283
2019 $401,618 $573,663 $5,493,890 $-172,045
2018 $389,301 $516,408 $5,918,500 $-127,107
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