ARDMORE ENTERPRISES INC

EIN: 520801367 501(c)(3) Employment

LANHAM, MD

Total Revenue
$24,744,983
Total Expenses
$20,352,407
Total Assets
$18,066,026
Net Assets
$14,920,160
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
MD
Principal Officer
LORI SEDLEZKY
Phone
3013062575
Tax Period
2023-07-01 to 2024-06-30

ARDMORE ENTERPRISES INC, founded in 1963, is a mid-sized nonprofit in the Employment sector that reported $24.7M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 18% operating margin.

Mission

ARDMORE EMPOWERS PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LIVE MEANINGFUL LIVES IN THEIR COMMUNITIES. ARDMORES PROMOTING INDIVIDUAL CHOICE AND SUPPORTS PEOPLE TO BE AS SELF SUFFICIENT AS POSSIBLE.

Program Service Accomplishments

Program 1
Expenses: $12,153,009 Revenue: $16,555,416

COMMUNITY LIVING SERVICES - ARDMORE SUPPORTS ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY PROVIDING A VARIETY OF COMMUNITY-BASED SERVICES. EACH SERVICE CULTIVATES INDEPENDENCE, CHOICE...

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COMMUNITY LIVING SERVICES - ARDMORE SUPPORTS ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY PROVIDING A VARIETY OF COMMUNITY-BASED SERVICES. EACH SERVICE CULTIVATES INDEPENDENCE, CHOICE, AND FULL COMMUNITY INCLUSION. ARDMORE'S SERVICES INCLUDE RESIDENTIAL, SUPPORTED LIVING, SHARED LIVING, PERSONAL SUPPORTS AND RESPITE SERVICES. ARDMORE PROMOTES INDEPENDENCE BY CONNECTING PEOPLE TO THEIR COMMUNITIES, EXPLORING PERSONAL INTERESTS, CONNECTING WITH FAMILY AND FRIENDS, AND DEVELOPING NEW NETWORKS. TO SUPPORT A PROCESS OF CONTINUOUS GROWTH, ARDMORE EMPOWERS EACH PERSON TO CHOOSE WHERE THEY WANT TO LIVE, WITH WHOM THEY WANT TO LIVE, AND HOW THEY WANT TO LIVE, BASED ON INDIVIDUAL RESOURCES. SERVICES ARE PROVIDED IN PRINCE GEORGE'S AND MONTGOMERY COUNTIES.

Program 2
Expenses: $3,913,963 Revenue: $5,371,291

COMMUNITY DEVELOPMENT SERVICES & DAY SERVICES - ARDMORE PROVIDES MEANINGFUL DAY SERVICES TO SUPPORT ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES EXPLORE, LEARN, AND FULLY ENGAGE IN THEIR...

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COMMUNITY DEVELOPMENT SERVICES & DAY SERVICES - ARDMORE PROVIDES MEANINGFUL DAY SERVICES TO SUPPORT ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES EXPLORE, LEARN, AND FULLY ENGAGE IN THEIR COMMUNITIES AS MEMBERS. A SUPPORT PARTNERSHIP PLAN IS DEVELOPED WITH EACH PERSON ANNUALLY, AND REVISED AS NEEDED, TO EXPLORE INTERESTS, SUPPORT CHOICES, DEVELOP PERSONAL GOALS, AND DETERMINE WHAT ACTIVITIES ARE MEANINGFUL TO THEM. A WEEKLY SCHEDULE OF ACTIVITIES AND EVENTS IS PLANNED IN PARTNERSHIP WITH EACH PERSON TO ENSURE MEANINGFUL, COMMUNITY-BASED SUPPORT IS PROVIDED. SERVICES ARE PROVIDED IN PRINCE GEORGE'S AND MONTGOMERY COUNTIES.

Program 3
Expenses: $670,016 Revenue: $1,027,201

SUPPORTED LIVING - SUPPORTED LIVING SERVICES PROVIDE INDIVIDUALIZED SUPPORTS, DELIVERED IN A PERSONALIZED MANNER, TO INDIVIDUALS WHO LIVE IN HOMES OF THEIR CHOICE, WITH WHOM AND WHERE THEY WANT TO...

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SUPPORTED LIVING - SUPPORTED LIVING SERVICES PROVIDE INDIVIDUALIZED SUPPORTS, DELIVERED IN A PERSONALIZED MANNER, TO INDIVIDUALS WHO LIVE IN HOMES OF THEIR CHOICE, WITH WHOM AND WHERE THEY WANT TO LIVE, AND THE TYPE OF COMMUNITY ACTIVITIES IN WHICH THEY WISH TO BE INVOLVED BASED ON THEIR PERSONAL RESOURCES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,807
Program Service Revenue $23,864,329
Investment Income $480,721
Other Revenue $304,126
TOTAL REVENUE $24,744,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,852,809
Fundraising Expenses $100,536
Program Expenses $17,319,180
Other Expenses $3,499,598
TOTAL EXPENSES $20,352,407

Year-over-Year Comparison

2023 2022 Change
Revenue $24,744,983 $17,590,412 +0.4%
Expenses $20,352,407 $16,112,059 +0.3%
Net Income $4,392,576 $1,478,353 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
349
Volunteers
52

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
$337,196
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BENONS PRESIDENT 2.00
Officer Director
$0 $0 $0
VELMA R HART VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MAURICE SIMPSON TREASURER 2.00
Officer Director
$0 $0 $0
MARCIA CORT SECRETARY 2.00
Officer Director
$0 $0 $0
JENIFER CAISON DIRECTOR 2.00
Director
$0 $0 $0
AUDREY FARLEY DIRECTOR 2.00
Director
$0 $0 $0
ALEXANDER FEINSTEIN DIRECTOR 2.00
Director
$0 $0 $0
COLETTE R GRESHMAN DIRECTOR 2.00
Director
$0 $0 $0
ANGEL GOLDSBOROUGH DIRECTOR 2.00
Director
$0 $0 $0
KENNETH KABUYE DIRECTOR 2.00
Director
$0 $0 $0
LINDA MENDOZA DIRECTOR 2.00
Director
$0 $0 $0
DAVION PERCY DIRECTOR 2.00
Director
$0 $0 $0
MANUEL SARITA TERRERO DIRECTOR 2.00
Director
$0 $0 $0
LISA THOMAS DIRECTOR 2.00
Director
$0 $0 $0
HOWARD STONE JR DIRECTOR 2.00
Director
$0 $0 $0
AGNES DIANNE WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
NAKIA WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
LORI SEDLEZKY CEO 40.00
Officer
$176,935 $14,027 $190,962
DAVID SCHEY CFO 40.00
Officer
$137,786 $8,448 $146,234
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 $24,744,983 $20,352,407 $18,066,026 $4,392,576
2023 $17,590,412 $16,112,059 $19,731,019 $1,478,353
2022 $14,209,959 $12,808,340 $11,892,119 $1,401,619
2021 $13,293,594 $11,461,950 $12,191,941 $1,831,644
2020 $10,559,877 $10,861,729 $11,444,406 $-301,852
2019 $10,235,464 $10,150,772 $9,998,265 $84,692
2018 $9,818,639 $9,400,389 $9,844,721 $418,250
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