ARUNDEL COMMUNITY DEVELOPMENT SERVICES INC

EIN: 521817557 501(c)(3) Housing & Shelter

ANNAPOLIS, MD

Total Revenue
$39,857,975
Total Expenses
$39,055,609
Total Assets
$32,095,186
Net Assets
$7,004,778
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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
MD
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

TO ADMINISTER, PLAN AND IMPLEMENT HOUSING AND COMMUNITY DEVELOPMENT ACTIVITIES PRINCIPALLY BENEFITTING LOW TO MODERATE INCOME RESIDENTS OF THE THE STATE OF MARYLAND, ESPECIALLY ANNE ARUNDEL COUNTY.

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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 $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

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Governance

Voting Members
13
Independent Members
13
Employees
49
Volunteers
13

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
$269,827
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
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
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