WILLIAMSPORT, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMEWOOD FOUNDATION INC, founded in 1994, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 61% operating margin.
THE HOMEWOOD GROUP OF COMPANIES PRIMARILY PROVIDES A CONTINUUM OF CARE FOR ELDERLY PERSONS IN BEAUTIFUL RETIREMENT COMMUNITIES AND NURSING HOMES IN FIVE LOCATIONS: FREDERICK, MARYLAND; WILLIAMSPORT, MARYLAND; HANOVER, PENNSYLVANIA; MARTINSBURG, PENNSYLVANIA; AND EVERETT, PENNSYLVANIA. THESE FACILITIES CONTAIN A TOTAL OF 1,149 INDEPENDENT LIVING COTTAGES AND APARTMENTS, 288 ASSISTED LIVING UNITS, AND 451 NURSING HOME BEDS. THE NURSING HOME BEDS ARE PROVIDED FOR SKILLED AND SPECIAL MEMORY CARE.
RESIDENT CARE - PAYMENTS ENABLE THE HOMEWOOD GROUP TO (A) PROVIDE SERVICES TO RESIDENTS WHO ARE UNABLE TO PAY FOR THEIR SERVICES, (B) MAXIMIZE OCCUPANCY WHICH KEEPS DAILY FEES AT A REASONABLE LEVEL...
RESIDENT CARE - PAYMENTS ENABLE THE HOMEWOOD GROUP TO (A) PROVIDE SERVICES TO RESIDENTS WHO ARE UNABLE TO PAY FOR THEIR SERVICES, (B) MAXIMIZE OCCUPANCY WHICH KEEPS DAILY FEES AT A REASONABLE LEVEL. THE HOMEWOOD FOUNDATION RAISES FUNDS FOR A VARIETY OF IMPORTANT INITIATIVES, INCLUDING: BENEVOLENT CARE FOR HOMEWOOD RESIDENTS WHO MAY NEED SPECIAL ASSISTANCE THE HOMEWOOD BENEVOLENT ENDOWMENT FUND, ESTABLISHED IN 1972, RECEIVES GIFTS FOR BENEVOLENT CARE. THESE FUNDS ARE DISTRIBUTED AMONG THE RETIREMENT COMMUNITIES TO ASSIST WITH THE FINANCIAL NEEDS OF RESIDENTS WHO MEET ESTABLISHED QUALIFICATION CRITERIA. THE BENEVOLENT FUNDS ARE RAISED ANNUALLY THROUGH: 1. BENEVOLENT AND MEMORIAL GIFTS 2. A MOTHER'S DAY APPEAL IN COOPERATION WITH UNITED CHURCH OF CHRIST CHURCHES 3. AN ANNUAL APPEAL AT YEAR-END 4. SITE PROJECTS, SUCH AS THE "GARDEN OF LIFE- AND "TREE OF LOVE" DURING THE HOLIDAYS
CAPITAL CAMPAIGN AND FUNDRAISING ALLOCATIONS - FUNDS WHICH FLOW THROUGH THE FOUNDATION TO PROVIDE CAPITAL SUPPORT FOR ESTABLISHING AND MAINTAINING FACILITIES USED BY THE HOMEWOOD GROUP TO CARRY OUT...
CAPITAL CAMPAIGN AND FUNDRAISING ALLOCATIONS - FUNDS WHICH FLOW THROUGH THE FOUNDATION TO PROVIDE CAPITAL SUPPORT FOR ESTABLISHING AND MAINTAINING FACILITIES USED BY THE HOMEWOOD GROUP TO CARRY OUT THEIR EXEMPT PURPOSES. THE HOMEWOOD FOUNDATION RAISES FUNDS FOR A VARIETY OF IMPORTANT INITIATIVES, INCLUDING: CAPITAL CAMPAIGNS FOR EXPANSION AND BEAUTIFICATION PROJECTS SPECIAL PROJECTS AND ACTIVITIES WITHIN THE HOMEWOOD COMMUNITIES
RESIDENT LIFE ENRICHMENT ENDOWMENT FUND (RLEEF) - PROVIDES FUNDS FOR ENHANCED PROGRAMMING TO PROVIDE SPECIAL ACTIVITIES AND EVENTS AT EACH OF THE HOMEWOOD'S FIVE SITES, TO ENHANCE AND ENRICH THE...
RESIDENT LIFE ENRICHMENT ENDOWMENT FUND (RLEEF) - PROVIDES FUNDS FOR ENHANCED PROGRAMMING TO PROVIDE SPECIAL ACTIVITIES AND EVENTS AT EACH OF THE HOMEWOOD'S FIVE SITES, TO ENHANCE AND ENRICH THE LIVES OF RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,933,130 | $5,586,499 | -0.5% |
| Expenses | $1,151,937 | $1,217,794 | -0.1% |
| Net Income | $1,781,193 | $4,368,705 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THAD D ROTHROCK | PARENT PRESI | 1.00 |
Officer
Director
|
$0 | $127,465 | $985,629 |
| RICHARD P MILLER | VP OPERATION | 1.00 |
Officer
|
$0 | $51,889 | $572,736 |
| WENDY S CRAMPTON | TREASURER/VP | 1.00 |
Officer
|
$0 | $61,374 | $539,697 |
| LINFORD J YODER | VP-HUMAN RES | 0.00 |
Officer
|
$0 | $41,176 | $348,377 |
| PAT O'TOOLE | SECRETARY | 40.00 |
Officer
|
$294,561 | $36,949 | $331,510 |
| DOUGLAS BECKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY WINFIELD HANCOCK | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARL MORRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY SCOTT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK SMITH | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,933,130 | $1,151,937 | $17,986,820 | $1,781,193 |
| 2022 | $5,586,499 | $1,217,794 | $16,258,510 | $4,368,705 |
| 2021 | $4,261,198 | $1,440,228 | $13,865,515 | $2,820,970 |
| 2020 | $1,998,074 | $28,067,773 | $10,318,447 | $-26,069,699 |
| 2019 | $3,842,041 | $1,974,738 | $52,051,805 | $1,867,303 |
| 2018 | $3,458,164 | $1,956,960 | $43,975,381 | $1,501,204 |
Compare HOMEWOOD FOUNDATION INC with other nonprofits in Maryland and across the country.