COURSEY STATION APARTMENTS INC

EIN: 911916898 501(c)(3)

Timonium, MD

Total Revenue
$765,836
Total Expenses
$845,308
Total Assets
$2,126,778
Net Assets
$-1,587,212
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MD
Principal Officer
William J McCarthy Jr
Phone
6676003216
Tax Period
2023-07-01 to 2024-06-30

COURSEY STATION APARTMENTS INC, founded in 1993, is a small nonprofit that reported $766K in total revenue in fiscal year 2023. Expenses of $845K exceeded revenue, resulting in a 10% operating deficit.

Mission

To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $540,281
Program Service Revenue $223,621
Investment Income $1,934
Other Revenue $0
TOTAL REVENUE $765,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,507
Fundraising Expenses $0
Program Expenses $791,883
Other Expenses $684,801
TOTAL EXPENSES $845,308

Year-over-Year Comparison

2023 2022 Change
Revenue $765,836 $761,441 +0.0%
Expenses $845,308 $818,911 +0.0%
Net Income $-79,472 $-57,470 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Archbishop William E Lori Chairman 1
Director
$0 $0 $0
Theresa D Becks 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
John Stanton 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 $765,836 $845,308 $2,126,778 $-79,472
2023 $761,441 $818,911 $2,545,702 $-57,470
2022 $753,844 $725,967 $1,473,422 $27,877
2021 $761,753 $732,841 $1,450,651 $28,912
2020 $740,269 $727,440 $1,475,496 $12,829
2019 $763,561 $754,339 $1,562,376 $9,222
2018 $735,735 $760,601 $1,622,630 $-24,866
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COURSEY STATION APARTMENTS INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.