FAMILY OF CARE REAL ESTATE HOLDING… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Phone

3012760130

Tax Period

2024-07-01 to 2025-06-30

FAMILY OF CARE REAL ESTATE HOLDING CO INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 359% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.0M, a strong 68% operating margin.

Mission

FAMILY OF CARE REAL ESTATE HOLDING COMPANY PROVIDES SUPPORT TO CHARLES COUNTY NURSING AND REHABILITATION CENTER (CCNRC) RELATED TO THE RISK AND RESPONSIBILITY ASSOCIATED WITH OWNERSHIP OF THE LAND, BUILDINGS, AND BUILDING IMPROVEMENTS IN WHICH CCNRC OPERATES.

Program Service Accomplishments

Program 1

Expenses: $1,596,892 Revenue: $8,840,639

THE MISSION OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OR THE SUPPORTED ORGANIZATION BY HOLDING REAL PROPERTY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,540,087

Investment Income $6,300,552

Other Revenue $0

TOTAL REVENUE $8,840,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,596,892

Other Expenses $2,830,283

TOTAL EXPENSES $2,830,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,840,639	$1,926,154	+3.6%
Expenses	$2,830,283	$2,263,895	+0.3%
Net Income	$6,010,356	$-337,741	-18.8%

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

Governance

Voting Members

Independent Members

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

$183,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY WEAVER	CFO	5.00	Officer	$0	$52,457	$183,400
CAROLYN CORE	PRES/CEO	4.00	Officer Director	$0	$0	$0
DIANE MOCK	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA STEPURA	Director	1.00	Director	$0	$0	$0
WAYNE BARNES	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	$8,840,639	$2,830,283	$12,929,430	$6,010,356
2024	No data	No data	No data	No data
2023	$1,676,103	$1,729,075	$17,775,753	$-52,972
2022	$1,402,070	$1,587,464	$18,622,593	$-185,394
2021	$1,752,618	$1,653,505	$30,949,890	$99,113
2020	$1,670,027	$1,351,394	$38,073,825	$318,633
2019	$1,667,677	$1,294,485	$33,606,586	$373,192
2018	$1,493,077	$1,005,023	$25,884,035	$488,054

FAMILY OF CARE REAL ESTATE HOLDING CO INC