OLDETOWNE HOMES INC

EIN: 522016556 501(c)(3) Housing & Shelter

FREDERICK, MD

Total Revenue
$67,425
Total Expenses
$103,579
Total Assets
$413,827
Net Assets
$-261,842
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Principal Officer
SARAH NORMAN
Phone
3016620099
Tax Period
2022-07-01 to 2023-06-30

OLDETOWNE HOMES INC, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $67K in total revenue in fiscal year 2022. Expenses of $104K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $77,557 Revenue: $23,896

PROVIDING 10 UNITS OF AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISION OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $43,520
Program Service Revenue $23,896
Investment Income $9
Other Revenue $0
TOTAL REVENUE $67,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,557
Other Expenses $103,579
TOTAL EXPENSES $103,579

Year-over-Year Comparison

2022 2021 Change
Revenue $67,425 $69,086 0.0%
Expenses $103,579 $79,153 +0.3%
Net Income $-36,154 $-10,067 +2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
5

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
$695,111
Total Directors
5
$695,111
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH NORMAN PRESIDENT 0.25
Officer Director
$0 $20,272 $192,560
ROBERT HALL VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
JEFF RICHARDSON TREASURER 0.25
Officer Director
$0 $51,488 $502,551
DAVID WEISS SECRETARY 0.25
Officer Director
$0 $0 $0
CLAIRE DENNIS - TUKPAH DIRECTOR 0.25
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 No data No data No data No data
2023 $67,425 $103,579 $413,827 $-36,154
2022 $69,086 $79,153 $446,642 $-10,067
2021 $68,530 $75,873 $455,130 $-7,343
2020 $68,535 $90,355 $474,078 $-21,820
2019 $65,433 $71,658 $479,221 $-6,225
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare OLDETOWNE HOMES INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.