CHERRY HILL TOWN CENTER INC

EIN: 522013649 501(c)(3) Community Improvement

Timonium, MD

Total Revenue
$1,013,981
Total Expenses
$961,132
Total Assets
$4,624,781
Net Assets
$2,688,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Principal Officer
David W Kinkopf
Phone
6676003216
Tax Period
2024-07-01 to 2025-06-30

CHERRY HILL TOWN CENTER INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $961K left a modest 5% surplus.

Mission

Operated by Associated Catholic Charities, Inc., the Town Center acts as an important center to the neighborhood with amenities such as a barber shop, prepared foods, laundry, and public library as well as key services such as a health center, WIC program, and daycare.

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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 (2024)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $763,978
Investment Income $3
Other Revenue $0
TOTAL REVENUE $1,013,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $98,652
Fundraising Expenses $0
Program Expenses $908,352
Other Expenses $862,480
TOTAL EXPENSES $961,132

Year-over-Year Comparison

2024 2023 Change
Revenue $1,013,981 $687,163 +0.5%
Expenses $961,132 $804,400 +0.2%
Net Income $52,849 $-117,237 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
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
4
$981,286
Total Directors
4
$981,286
Key Employees
2
$620,328
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J McCarthy Jr Executive Director and Secretary 1
Officer Director
$0 $76,105 $702,941
Kevin Keegan Division Director 1
Key Emp
$0 $53,735 $364,334
Sarah I Beckwith Treasurer 1
Officer Director
$0 $50,841 $278,345
Ashley Valis Chief Operating Officer 1
Key Emp
$0 $24,919 $255,994
David W Kinkopf Named Incoming Executive Director 1
Officer Director
$0 $0 $0
Daniel Rizzo President 1
Officer 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 $1,013,981 $961,132 $4,624,781 $52,849
2024 $687,163 $804,400 $4,721,034 $-117,237
2023 $759,492 $942,445 $5,004,618 $-182,953
2022 $2,922,408 $908,101 $5,229,431 $2,014,307
2021 $857,862 $670,741 $3,967,100 $187,121
2020 $1,818,079 $708,910 $1,449,410 $1,109,169
2019 $698,379 $726,857 $1,461,187 $-28,478
2018 $652,148 $673,643 $1,477,783 $-21,495
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