CHESTERTOWN, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE WARD OAKS FOUNDATION INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $116K in total revenue in fiscal year 2023. Revenue surged 403% from the prior year, signaling strong growth momentum. Expenses of $499K exceeded revenue, resulting in a 330% operating deficit.
TO ACQUIRE, CONSTRUCT, DEVELOP, OPERATE AND PROVIDE MULTI-FAMILY HOUSING AND ALL RELATED AMENITIES AND SERVICES TO BENEFIT HOMELESS PERSONS, THE ELDERLY, AND/OR PERSONS OF MODERATE INCOME.TO ALSO HELP THE ENVIRONMENT BY PROMOTING THE USE OF RENEWABLE ENERGY SOURCES, TO INVEST IN RESEARCH AND DEVELOPMENT OF RENEWABLE ENERGY SOURCES, TO ENCOURAGE AND PROMOTE THE COST EFFECTIVE FINANCING AND OPERATING OF RENEWABLE ENERGY FACILITIES IN ORDER TO REDUCE THE COST OF BUILDING AND OPERATING SUCH FACILITIES AND TO REDUCE THE COST OF THE ENERGY PRODUCED BY SUCH FACILITIES; TO ACQUIRE, DEVELOP, INVEST IN, OWN AND OPERATE RENEWABLE ENERGY SOURCES IN ORDER TO DEMONSTRATE THEIR EFFICIENCY, PROMOTE THEIR USE, AND REDUCE RELIANCE UPON FOREIGN ENERGY SOURCES, AND TO PARTICIPATE IN PROGRAMS DESIGNED TO ACCOMPLISH ANY OF THE FOREGOING, INCLUDING OTHER CHARITABLE PURPOSES.
PROVIDING MULTI-FAMILY HOUSING THROUGH OWNERSHIP IN VARIOUS LOW-INCOME AND ELDERLY HOUSING REAL ESTATE PARTNERSHIPS.CONTRIBUTING TO ORGANIZATIONS WHOSE EXEMPT PURPOSE ALIGNS WITH THAT OF THE...
PROVIDING MULTI-FAMILY HOUSING THROUGH OWNERSHIP IN VARIOUS LOW-INCOME AND ELDERLY HOUSING REAL ESTATE PARTNERSHIPS.CONTRIBUTING TO ORGANIZATIONS WHOSE EXEMPT PURPOSE ALIGNS WITH THAT OF THE FOUNDATION'S MISSIONS.IN 2023, THE FOUNDATION MET ITS PROGRAM OBJECTIVES BY MAKING CHARITABLE DONATIONS IN LINE WITH ITS CHARTER FOR A TOTAL OF $282,976.
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 | $115,973 | $23,070 | +4.0% |
| Expenses | $499,115 | $260,147 | +0.9% |
| Net Income | $-383,142 | $-237,077 | +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 |
|---|---|---|---|---|---|---|
| DARYL JONES | CHAIRMAN | 0.10 |
Director
|
$0 | $0 | $0 |
| MICHAEL FALCONE | EXECUTIVE DIRECTOR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES MITCHELL | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $115,973 | $499,115 | $4,224,002 | $-383,142 |
| 2022 | $23,070 | $260,147 | $4,633,553 | $-237,077 |
| 2021 | $104,977 | $564,015 | $4,872,666 | $-459,038 |
| 2020 | $3,540,432 | $550,996 | $5,439,081 | $2,989,436 |
| 2019 | $3,213,074 | $1,680,793 | $2,350,065 | $1,532,281 |
| 2018 | $167,728 | $260,900 | $1,040,121 | $-93,172 |
Compare THE WARD OAKS FOUNDATION INC with other nonprofits in Maryland and across the country.