MARYLAND MASONIC HOMES LTD

EIN: 813779619 501(c)(3) Housing & Shelter

COCKEYSVILLE, MD

Total Revenue
$26,059,276
Total Expenses
$22,929,178
Total Assets
$10,714,931
Net Assets
$7,135,255
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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
2017
Legal Domicile
MD
Principal Officer
KENNETH R TAYLOR
Phone
4105270600
Tax Period
2023-01-01 to 2023-12-31

MARYLAND MASONIC HOMES LTD, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $26.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $22.9M left a modest 12% surplus.

Mission

A CONTINUING CARE RETIREMENT COMMUNITY

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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 $13,817,442
Program Service Revenue $11,710,760
Investment Income $267,008
Other Revenue $264,066
TOTAL REVENUE $26,059,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,311,552
Fundraising Expenses $0
Program Expenses $20,287,474
Other Expenses $10,617,626
TOTAL EXPENSES $22,929,178

Year-over-Year Comparison

2023 2022 Change
Revenue $26,059,276 $24,089,914 +0.1%
Expenses $22,929,178 $21,311,793 +0.1%
Net Income $3,130,098 $2,778,121 +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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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

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Governance

Voting Members
14
Independent Members
14
Employees
285
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
4
$91,973
Total Directors
14
$91,973
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK A SPICER GRAND MASTER/PRESIDENT 4.00
Officer Director
$0 $0 $0
RANDALL L WATSON DEPUTY GRAND MASTER/VICE P 4.00
Officer Director
$0 $0 $0
KENNETH R TAYLOR GRAND SECRETARY 4.00
Officer Director
$0 $8,070 $78,660
T SCOTT CUSHING GRAND TREASURER 4.00
Officer Director
$0 $0 $13,313
ANTHONY FUSCO TRUSTEE 4.00
Director
$0 $0 $0
RICHARD W PETRY TRUSTEE 4.00
Director
$0 $0 $0
R JOSEPH WHITE TRUSTEE 4.00
Director
$0 $0 $0
WALTER F BURGESS TRUSTEE 4.00
Director
$0 $0 $0
KEITH D WILLIAMS TRUSTEE 4.00
Director
$0 $0 $0
JOHN E HEROLD TRUSTEE 4.00
Director
$0 $0 $0
CHARLES E FRAIM JR TRUSTEE 4.00
Director
$0 $0 $0
ROBERT E LUSK TRUSTEE 4.00
Director
$0 $0 $0
CARL W LEE TRUSTEE 4.00
Director
$0 $0 $0
RENEE CHRISTOFF TRUSTEE 4.00
Director
$0 $0 $0
ART WOLF CONTROLLER 4.00
Highest
$0 $3,672 $108,271
ALYSSA BURNHAM LPN 40.00
Highest
$174,830 $1,483 $176,313
LINDA OJUBIAJA LPN 40.00
Highest
$131,520 $5,955 $137,475
JOSIE SCOTT LPN 40.00
Highest
$137,674 $6,593 $144,267
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 $26,059,276 $22,929,178 $10,714,931 $3,130,098
2022 $24,089,914 $21,311,793 $8,118,215 $2,778,121
2021 $24,357,243 $21,079,308 $7,522,127 $3,277,935
2020 $16,964,459 $19,884,184 $5,284,015 $-2,919,725
2019 $17,663,008 $19,832,619 $5,168,809 $-2,169,611
2018 $11,223,383 $10,392,012 $4,934,190 $831,371
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