ARUNDEL COMMUNITY DEVELOPMENT SERV… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

ERIN KARPEWICZ

Phone

4102227600

Tax Period

2023-07-01 to 2024-06-30

ARUNDEL COMMUNITY DEVELOPMENT SERVICES INC, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.9M in total revenue in fiscal year 2023.

Mission

PROVIDE A VEHICLE TO DEVELOP PROGRAMS, IMPLEMENT STRATEGIES AND COMPLETE PROJECTS WHICH FURTHER HOUSING AND COMMUNITY DEVELOPMENT GOALS AND ADVANCE THE COMMON GOOD AND GENERAL WELFARE OF COMMUNITIES AND RESIDENTS, PARTICULARLY LOW AND MODERATE INCOME RESIDENTS AND PERSONS WITH SPECIAL NEEDS SUCH AS THE HOMELESS, THE ELDERLY AND THE DISABLED.

Program Service Accomplishments

Program 1

Expenses: $12,852,103

ADMINISTER LOCAL, STATE, AND FEDERALLY FUNDED COMMUNITY GRANT PROGRAMS. ACTIVITIES INCLUDE GRANT MANAGEMENT, COMPLIANCE MONITORING, AND FISCAL MANAGEMENT.

Program 2

Expenses: $11,445,313 Revenue: $2,560,907

ADMINISTER PROGRAMS WHICH INVOLVE THE DEVELOPMENT AND/OR REDEVELOPMENT OF AFFORDABLE RENTAL AND HOMEOWNERSHIP PROPERTIES/PROJECTS FOR PURPOSES OF SERVING INCOME ELIGIBLE HOUSEHOLDS.

Program 3

Expenses: $7,064,068

ADMINISTER PROGRAMS THAT PROVIDE DIRECT FINANCIAL ASSISTANCE AND SERVICES TO AT RISK HOUSEHOLDS TO PREVENT EVICTIONS OR TO STABILIZE HOUSING.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $37,046,051

Program Service Revenue $2,560,907

Investment Income $251,017

Other Revenue $0

TOTAL REVENUE $39,857,975

Expense Breakdown

Grants Paid $12,852,103

Salaries & Benefits $4,302,018

Fundraising Expenses $0

Program Expenses $37,403,845

Other Expenses $21,901,488

TOTAL EXPENSES $39,055,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,857,975	$40,672,107	0.0%
Expenses	$39,055,609	$39,988,987	0.0%
Net Income	$802,366	$683,120	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$269,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD W GOSSELIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
M MICHAEL BEARD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
VIRGINIA THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
YOLANDA METTHEWS	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
BEVERLY SWAIM-STALEY	IMMEDIATE PAST CHAIRMAN	1.00	Director	$0	$0	$0
MICHAEL BALDWIN	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA ERVIN	TRUSTEE	1.00	Director	$0	$0	$0
WONZA SPANN-NICHOLAS	TRUSTEE	1.00	Director	$0	$0	$0
NANCY RASE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PITCHFORD	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN BETNUN	TRUSTEE	1.00	Director	$0	$0	$0
MARY GRACE FOLWELL	TRUSTEE	1.00	Director	$0	$0	$0
ASHA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ERIN S KARPEWICZ	CHIEF EXECUTIVE OFFICER	40.00	Officer	$219,109	$50,718	$269,827
CHRISTOPHER MARUYAMA	CHIEF PROJECT OFFICER	40.00	Highest	$118,422	$43,434	$161,856
CHAUNCEY HALL	CHIEF PROGRAM OFFICER	40.00	Highest	$145,304	$47,414	$192,718
ELIZABETH BRUSH	CHIEF PLANNING DIRECTOR	40.00	Highest	$131,764	$38,945	$170,709
CARRINA BUCKNOR	DIRECTOR OF FINANCE	40.00	Highest	$113,199	$37,775	$150,974
LISA SARRO	GENERAL COUNSEL	40.00	Highest	$130,417	$45,441	$175,858
JAMES SYLVESTER	CHIEF OPERATING OFFICER (END 6/28/24)	40.00		$183,654	$34,637	$218,291

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	$39,857,975	$39,055,609	$32,095,186	$802,366
2023	$40,672,107	$39,988,987	$39,681,072	$683,120
2022	$56,031,436	$55,620,879	$37,517,619	$410,557
2021	$33,111,572	$32,458,504	$42,935,600	$653,068
2020	$15,340,853	$14,852,264	$29,251,346	$488,589
2019	$12,382,599	$12,073,732	$19,860,888	$308,867
2018	$11,582,367	$10,666,561	$15,748,155	$915,806

ARUNDEL COMMUNITY DEVELOPMENT SERVICES INC