ST LUKES APARTMENTS INC

EIN: 521771022 501(c)(3) Housing & Shelter

Timonium, MD

Total Revenue
$1,143,421
Total Expenses
$1,319,953
Total Assets
$2,634,816
Net Assets
$-4,854,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MD
Principal Officer
William J McCarthy Jr
Phone
6676003216
Tax Period
2023-07-01 to 2024-06-30

ST LUKES APARTMENTS INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 15% 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 $525,404
Program Service Revenue $598,012
Investment Income $20,005
Other Revenue $0
TOTAL REVENUE $1,143,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $404,305
Fundraising Expenses $0
Program Expenses $1,188,569
Other Expenses $915,648
TOTAL EXPENSES $1,319,953

Year-over-Year Comparison

2023 2022 Change
Revenue $1,143,421 $1,067,836 +0.1%
Expenses $1,319,953 $1,269,507 +0.0%
Net Income $-176,532 $-201,671 -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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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
Pamela W Gray Director 1.0
Director
$0 $0 $0
Most Rev Adam Parker Director 1
Director
$0 $0 $0
Archbishop William E Lori Chairman 1
Director
$0 $0 $0
Theresa D Becks President 1
Director
$0 $0 $0
John Stanton Director 1
Director
$0 $0 $0
Michael Bison Director 1
Director
$0 $0 $0
Marc Wyatt Director 1
Director
$0 $0 $0
Tamla A Olivier Director 1
Director
$0 $0 $0
Natalie McSherry Director 1
Director
$0 $0 $0
Daniel Rizzo President 1
Officer 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 $1,143,421 $1,319,953 $2,634,816 $-176,532
2023 $1,067,836 $1,269,507 $2,914,206 $-201,671
2022 $995,734 $1,164,980 $2,885,660 $-169,246
2021 $987,749 $1,128,737 $2,996,269 $-140,988
2020 $973,000 $1,129,919 $3,127,757 $-156,919
2019 $1,002,185 $1,106,619 $3,328,864 $-104,434
2018 $985,082 $1,094,836 $3,476,194 $-109,754
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