ASCENSION HOMES INC

EIN: 521394413 501(c)(3) Mental Health

BALTIMORE, MD

Total Revenue
$693,533
Total Expenses
$374,897
Total Assets
$2,695,784
Net Assets
$623,931
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MD
Principal Officer
STEPHANIE SHACK
Phone
4104332442
Tax Period
2024-05-01 to 2025-04-30

ASCENSION HOMES INC, founded in 1985, is a small nonprofit in the Mental Health sector that reported $694K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $319K, a strong 46% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO ADULTS WITH CHRONIC MENTAL ILLNESSES

Program Service Accomplishments

Program 1
Expenses: $347,465 Revenue: $19,237

ASCENSION HOMES, INC. OPERATES HOUSING AND RELATED FACILITIES FOR SENIOR CITIZENS. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 202 OF...

Read more

ASCENSION HOMES, INC. OPERATES HOUSING AND RELATED FACILITIES FOR SENIOR CITIZENS. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND OPERATES THREE GROUP HOMES CONSISTING OF 20 UNITS. THE ENTITY IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $673,116
Program Service Revenue $19,237
Investment Income $1,180
Other Revenue $0
TOTAL REVENUE $693,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $347,465
Other Expenses $374,897
TOTAL EXPENSES $374,897

Year-over-Year Comparison

2024 2023 Change
Revenue $693,533 $1,210,447 -0.4%
Expenses $374,897 $285,655 +0.3%
Net Income $318,636 $924,792 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
10

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
5
$154,000
Total Directors
10
$154,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY WEINER CHAIR 0.30
Officer Director
$0 $0 $0
STEPHANIE SHACK PRESIDENT 0.30
Officer Director
$0 $0 $0
JON CABALLERO VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
NICHOLE BATTLE SECRETARY 5.00
Officer Director
$0 $11,362 $154,000
NICHOLAS ALEXOPOLUS TREASURER 0.30
Officer Director
$0 $0 $0
MIKE BEST DIRECTOR 0.30
Director
$0 $0 $0
ADRIAN BISHOP DIRECTOR 0.30
Director
$0 $0 $0
KELLY ERLEMEIR DIRECTOR 0.30
Director
$0 $0 $0
MARK HEWICK DIRECTOR 0.30
Director
$0 $0 $0
ALLEN OWENS DIRECTOR 0.30
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 $693,533 $374,897 $2,695,784 $318,636
2024 $1,210,447 $285,655 $2,119,138 $924,792
2023 $231,932 $203,884 $712,417 $28,048
2022 $236,780 $226,687 $737,263 $10,093
2021 $211,929 $239,647 $620,586 $-27,718
2020 $220,223 $251,710 $558,716 $-31,487
2019 $197,543 $225,482 $574,389 $-27,939
2018 $213,404 $271,330 $608,446 $-57,926
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ASCENSION HOMES INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.