CASTLETON HOMES INC

EIN: 522151252 501(c)(3) Housing & Shelter

LANHAM, MD

Total Revenue
$100,103
Total Expenses
$114,422
Total Assets
$537,486
Net Assets
$-550,203
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MD
Principal Officer
DONNA-MARIE COE
Phone
3017949444
Tax Period
2024-07-01 to 2025-06-30

CASTLETON HOMES INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $100K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $114K exceeded revenue, resulting in a 14% 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: $78,030 Revenue: $39,773

CASTLETON HOMES, INC. WAS ORGANIZED IN MARCH 1999 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH DISABILITIES. THE ENTITY WAS FINANCED THROUGH...

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CASTLETON HOMES, INC. WAS ORGANIZED IN MARCH 1999 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH DISABILITIES. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 9 UNITS. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 $60,328
Program Service Revenue $39,773
Investment Income $2
Other Revenue $0
TOTAL REVENUE $100,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $78,030
Other Expenses $114,422
TOTAL EXPENSES $114,422

Year-over-Year Comparison

2024 2023 Change
Revenue $100,103 $89,577 +0.1%
Expenses $114,422 $122,583 -0.1%
Net Income $-14,319 $-33,006 -0.6%
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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Governance

Voting Members
3
Independent Members
2
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
2
$219,495
Total Directors
3
$219,495
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA-MARIE COE PRESIDENT & CEO 40.00
Officer Director
$0 $23,018 $219,495
ULRIC DONAWA CHAIR 1.00
Officer Director
$0 $0 $0
JACQUELINE PAYNE-BORDON DIRECTOR 1.00
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 $100,103 $114,422 $537,486 $-14,319
2024 $89,577 $122,583 $528,123 $-33,006
2023 $80,376 $110,206 $539,519 $-29,830
2022 $60,905 $97,709 $562,620 $-36,804
2021 $69,279 $125,080 $578,379 $-55,801
2020 $63,481 $83,381 $601,751 $-19,900
2019 $72,163 $87,038 $623,733 $-14,875
2018 $77,871 $94,226 $640,919 $-16,355
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