CATHOLIC CHARITIES HOUSING INC

EIN: 911916896 501(c)(3)

Timonium, MD

Total Revenue
$259,920
Total Expenses
$274
Total Assets
$9,374,090
Net Assets
$9,374,090
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MD
Principal Officer
William J McCarthy Jr
Phone
6676003216
Tax Period
2023-07-01 to 2024-06-30

CATHOLIC CHARITIES HOUSING INC, founded in 1978, is a small nonprofit that reported $260K in total revenue in fiscal year 2023. The organization ran a surplus of $260K, a strong 100% operating margin.

Mission

On September 1, 2015, in a transaction approved by HUD, the Project sold all of its land, buildings, equipment, and other fixed assets to Basilica Place Limited Partnership (BPP) for a selling price of $12.3 million, its appraised value. The Project also transferred to BPP its reserve for replacement deposits and assigned to BPP its Section 8 Housing Assistance Payment agreement with HUD. Under BPP's ownership, the Project will continue to be operated for the benefit of the low income elderly and disabled in accordance with HUD requirements. As a result of the transaction, the Project ceased operations effective September 1, 2015. In connection with the transaction, the Project received a $7.4 million note receivable from BPP and $1.7 million in cash. In addition, the $3.2 million HUD mortgage balance was paid off at settlement. The note receivable bears interest at a rate of 3.46% (simple interest) and principal and interest are payable by BPP from available cash as defined in its partnership agreement. All unpaid principal and interest is due October 1, 2050.

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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 $255,533
Investment Income $2,854
Other Revenue $1,533
TOTAL REVENUE $259,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $274
Other Expenses $274
TOTAL EXPENSES $274

Year-over-Year Comparison

2023 2022 Change
Revenue $259,920 $255,533 +0.0%
Expenses $274 $180 +0.5%
Net Income $259,646 $255,353 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
9
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
3
$794,476
Total Directors
12
$528,560
Key Employees
2
$453,849
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J McCarthy Jr Secretary 1
Officer Director
$0 $72,031 $528,560
Sarah I Beckwith Treasurer 1
Officer
$0 $47,524 $265,916
Ashley Valis Chief Operating Officer 1
Key Emp
$0 $23,793 $264,136
Mary Choplick Director Senior Communities 1
Key Emp
$0 $42,425 $189,713
Theresa D Becks Director 1
Director
$0 $0 $0
Archbishop William E Lori Chairman 1
Director
$0 $0 $0
John Stanton Director 1
Director
$0 $0 $0
Most Rev Adam Parker Director 1
Director
$0 $0 $0
Pamela W Gray Director 1
Director
$0 $0 $0
Tamla A Olivier Director 1
Director
$0 $0 $0
Natalie McSherry Director 1
Director
$0 $0 $0
Daniel Rizzo President 1
Officer Director
$0 $0 $0
Michael Bison Director 1
Director
$0 $0 $0
Marc Wyatt Director 1
Director
$0 $0 $0
Aileen Eskildsen Director 1
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 No data No data No data No data
2024 $259,920 $274 $9,374,090 $259,646
2023 $255,533 $180 $9,114,454 $255,353
2022 $255,533 $190 $8,859,101 $255,343
2021 $255,533 $158,892 $8,603,760 $96,641
2020 $255,533 No data $8,507,119 No data
2019 $255,533 No data $8,251,586 No data
2018 $255,533 No data $7,996,053 No data
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