HICKORY LANE ONE INC

EIN: 522298460 501(c)(3) Housing & Shelter

SALISBURY, MD

Total Revenue
$143,672
Total Expenses
$179,001
Total Assets
$1,738,531
Net Assets
$-862,148
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MD
Principal Officer
JOYCE SCHULDT
Phone
4105460381
Tax Period
2024-07-01 to 2025-06-30

HICKORY LANE ONE INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $144K in total revenue in fiscal year 2024. Expenses of $179K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $161,019 Revenue: $59,118

HICKORY LANE ONE, INC. IS A MARYLAND CORPORATION ORGANIZED IN 2000 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSISTS OF A 20-UNIT APARTMENT...

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HICKORY LANE ONE, INC. IS A MARYLAND CORPORATION ORGANIZED IN 2000 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSISTS OF A 20-UNIT APARTMENT COMMUNITY FOR THE ELDERLY. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (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 $83,031
Program Service Revenue $59,118
Investment Income $1,523
Other Revenue $0
TOTAL REVENUE $143,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,019
Other Expenses $179,001
TOTAL EXPENSES $179,001

Year-over-Year Comparison

2024 2023 Change
Revenue $143,672 $134,190 +0.1%
Expenses $179,001 $165,544 +0.1%
Net Income $-35,329 $-31,354 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
9
Employees
N/A
Volunteers
9

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
7
$576,869
Total Directors
12
$576,869
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIMITRIOS CAVATHAS CEO 1.00
Officer Director
$0 $0 $222,694
JOYCE SCHULDT CFO 1.00
Officer Director
$0 $0 $229,717
PAM KARPIN CHRO 1.00
Officer Director
$0 $0 $124,458
MEGAN MULLER PRESIDENT 1.00
Officer Director
$0 $0 $0
KATHIE WRIGHT DIRECTOR 1.00
Officer Director
$0 $0 $0
LISA RINNIER SECRETARY 1.00
Officer Director
$0 $0 $0
AMY GONZALES TREASURER 1.00
Officer Director
$0 $0 $0
JEAN BLISH SIERS DIRECTOR 1.00
Director
$0 $0 $0
NEAL STAMP DIRECTOR 1.00
Director
$0 $0 $0
SHANNON SANDS DIRECTOR 1.00
Director
$0 $0 $0
KUTRESA LANKFORD-PURNELL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN GEARHART 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 $143,672 $179,001 $1,738,531 $-35,329
2024 $134,190 $165,544 $1,791,924 $-31,354
2023 $145,070 $142,392 $1,789,253 $2,678
2022 $149,232 $161,462 $1,785,145 $-12,230
2021 $139,561 $206,983 $1,810,558 $-67,422
2020 $136,167 $190,261 $1,852,526 $-54,094
2019 $126,042 $176,452 $1,884,583 $-50,410
2018 $122,070 $183,861 $1,924,328 $-61,791
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