EDGEWOOD SENIORS PRESERVATION CORP

EIN: 522274027 501(c)(3) Housing & Shelter

SILVER SPRING, MD

Total Revenue
$802,055
Total Expenses
$985,499
Total Assets
$4,539,590
Net Assets
$-2,666,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
DC
Principal Officer
CHRISTINE MADIGAN
Phone
2028958900
Tax Period
2023-01-01 to 2023-12-31

EDGEWOOD SENIORS PRESERVATION CORP, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $802K in total revenue in fiscal year 2023. Expenses of $985K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE OPERATION AND PRESERVATION OF EDGEWOOD SENIORS LOCATED IN WASHINGTON, DC. TO SUPPORT COMMUNITY PRESERVATION AND DEVELOPMENT CORP. AND TO EXPAND THE SOCIAL AND COMMUNITY SERVICES TO RESIDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $774,412
Investment Income $0
Other Revenue $27,643
TOTAL REVENUE $802,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $910,065
Other Expenses $985,499
TOTAL EXPENSES $985,499

Year-over-Year Comparison

2023 2022 Change
Revenue $802,055 $784,366 +0.0%
Expenses $985,499 $858,147 +0.1%
Net Income $-183,444 $-73,781 +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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
11
$4,786,609
Total Directors
4
$2,468,460
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN P MCLAUGHLIN PRESIDENT & CEO UNTIL 4/2023 1.00
Officer Director
$0 $4,036 $860,637
CHRISTINE MADIGAN INTERIM PRES. EVP & CBO AS OF 4/23 1.00
Officer Director
$0 $48,512 $662,170
LINDA MANLEY CLO & SECRETARY AS OF 4/23 1.00
Officer Director
$0 $56,834 $543,287
TODD DEL TUFO VP, ASSET MANAGEMENT 1.00
Officer Director
$0 $43,427 $402,366
SHELYNDA BROWN VICE PRESIDENT 1.00
Officer
$0 $46,794 $303,427
KELLY N SHIFLETT SVP & CFO 1.00
Officer
$0 $55,562 $633,742
JEFFREY G GALENTINE TREASURER 1.00
Officer
$0 $49,035 $315,901
STEPHANIE SHACK GEN. COUNSEL & SECRETARY UNT 12/2023 1.00
Officer
$0 $7,249 $334,781
ROBERT FOSSI SVP, REAL ESTATE DEVELOPMENT 1.00
Officer
$0 $56,184 $435,834
STACIE BIRENBACH VP, REAL ESTATE DEVT. AS OF 12/2023 1.00
Officer
$0 $20,028 $279,350
RESHMA HOLLA VP, DEV STRAT & IMPACT AS OF 12/2023 1.00
Officer
$0 $0 $15,114
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
2024 No data No data No data No data
2023 $802,055 $985,499 $4,539,590 $-183,444
2022 $784,366 $858,147 $4,484,599 $-73,781
2021 $766,991 $837,586 $4,505,425 $-70,595
2020 $779,633 $795,368 $4,535,342 $-15,735
2019 $757,574 $768,564 $4,570,625 $-10,990
2018 $626,735 $718,219 $4,540,980 $-91,484
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