CHESAPEAKE DEVELOPMENTAL UNIT INC

EIN: 521034484 501(c)(3) Employment

EASTON, MD

Total Revenue
$2,437,885
Total Expenses
$1,637,976
Total Assets
$2,869,384
Net Assets
$2,797,391
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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
1975
Legal Domicile
MD
Principal Officer
LISA KORELL
Phone
4108222644
Tax Period
2024-07-01 to 2025-06-30

CHESAPEAKE DEVELOPMENTAL UNIT INC, founded in 1975, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $800K, a strong 33% operating margin.

Mission

THE UNIT OPERATES A WORK ACTIVITY CENTER SERVING APPROXIMATELY NINETY MENTALLY AND/OR DEVELOPMENTALLY DISABLED ADULTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,139,237
Program Service Revenue $202,091
Investment Income $89,098
Other Revenue $7,459
TOTAL REVENUE $2,437,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,004,448
Fundraising Expenses $0
Program Expenses $1,478,181
Other Expenses $633,528
TOTAL EXPENSES $1,637,976

Year-over-Year Comparison

2024 2023 Change
Revenue $2,437,885 $1,837,350 +0.3%
Expenses $1,637,976 $1,468,918 +0.1%
Net Income $799,909 $368,432 +1.2%
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
11
Independent Members
11
Employees
20
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
4
$190,168
Total Directors
12
$129,274
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY NEVIASER DIRECTOR 3.00
Director
$0 $0 $0
JESSE HAMMOCK CHAIR 3.00
Director
$0 $0 $0
J ANDREW SMITH DIRECTOR 3.00
Director
$0 $0 $0
PATRICIA D STEIN DIRECTOR 3.00
Director
$0 $0 $0
DEBORAH COLLISON VICE CHAIR 3.00
Officer Director
$0 $0 $0
WALLER HAIRSTON DIRECTOR 3.00
Officer Director
$0 $0 $0
BRYAN WIELAND DIRECTOR 3.00
Director
$0 $0 $0
SETH BEATTY DIRECTOR 3.00
Director
$0 $0 $0
JOAN MCGARRY DIRECTOR 3.00
Director
$0 $0 $0
JASON C PRICE DIRECTOR 3.00
Director
$0 $0 $0
MANDY OWEN IMMEDIATE PAST CHAIR 3.00
Director
$0 $0 $0
DONNA HARRISON IMMEDIATE PAST PRESIDENT 3.00
Director
$0 $0 $129,274
LISA KORELL PRESIDENT 10.00
Officer
$50,091 $0 $100,782
EDWARD PHILLIPS ACCOUNTING MANAGER 10.00
Officer
$0 $0 $89,386
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 $2,437,885 $1,637,976 $2,869,384 $799,909
2024 $1,837,350 $1,468,918 $2,073,326 $368,432
2023 $1,787,377 $1,361,944 $1,733,200 $425,433
2022 $1,882,746 $1,418,538 $1,415,939 $464,208
2021 $1,811,663 $1,454,861 $1,111,526 $356,802
2020 $1,881,821 $1,837,219 $723,292 $44,602
2019 $1,988,616 $1,935,370 $454,673 $53,246
2018 $1,933,830 $1,899,217 $395,728 $34,613
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