Form 990 for tax year 2024
Filed by FAMILY OF CARE REAL ESTATE HOLDING CO INC.
Totals
- Total revenue
- $8,840,639
- Total expenses
- $2,830,283
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,540,087
- Investment income
- $6,300,552
- Other revenue
- $0
- Total assets, end of year
- $12,929,430
- Total liabilities, end of year
- $1,244,023
- Net assets or fund balances, end of year
- $11,685,407
- Program services expenses (Part IX)
- $1,596,892
- Management and general expenses
- $1,233,391
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,596,892
Program services were 56.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $6,300,552
-
7c · Gain or loss
other assets $6,300,552
-
7d · Net gain or loss
total $6,300,552 · related or exempt $6,300,552
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $94,104 · management and general $94,104
-
11b · Fees: legal
total $455,125 · management and general $455,125
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $422,395 · management and general $422,395
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $68,630 · program services $68,630
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $481,066 · program services $481,066
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $936,734 · program services $936,734
-
23 · Insurance
total $110,462 · program services $110,462
-
24a · Other expenses: BANK CHARGES & FINANCE FEES
total $258,808 · management and general $258,808
-
24b · Other expenses: US TRUSTEE PROGRAM FEE
total $2,959 · management and general $2,959
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $950,938 · end of year $4,509,180
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$11,056,039
-
10b · Land, buildings and equipment: accumulated depreciation
$3,835,789
-
10c · Land, buildings and equipment, net
beginning of year $16,781,616 · end of year $7,220,250
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $74,817 · end of year $1,200,000
-
17 · Accounts payable and accrued expenses
beginning of year $234,106 · end of year $29,088
-
19 · Deferred revenue
beginning of year $655,000
-
20 · Tax-exempt bond liabilities
beginning of year $5,073,922
-
23 · Secured mortgages and notes payable
beginning of year $4,527,524
-
25 · Other liabilities
beginning of year $1,641,768 · end of year $1,214,935
-
27 · Net assets without donor restrictions
beginning of year $5,675,051 · end of year $10,485,407
-
28 · Net assets with donor restrictions
end of year $1,200,000
Mission and programs · 2024
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.
Activities or mission (Part I)
REAL ESTATE HOLDINGS FOR AFFILIATED ORGANIZATIONS
-
THE MISSION OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OR THE SUPPORTED ORGANIZATION BY HOLDING REAL PROPERTY.
Expenses $1,596,892 · Revenue $8,840,639
As filed on the 2024 return.
Listed in Part VII
-
TERRY WEAVER
CFO
- Total calculated
- $183,400
- From this org
- $0
- From related orgs
- $130,943
- Other
- $52,457
- Hours/week
- 5 + 41 related
Schedule J breakdown matched by us
- Base
- not reported + $130,943 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $30,017 related
- Nontaxable benefits
- not reported + $22,440 related
- Filer's total
- not reported + $183,400 related
-
CAROLYN CORE
PRES/CEO
- Total calculated
- $0
- Hours/week
- 4 + 15 related
-
DIANE MOCK
SEC/TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
BARBARA STEPURA
Director
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
WAYNE BARNES
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CHARLES CO NURSING & REHAB CENTER INC
501(C)(3) · REHAB AND AGING SERVICES · MD
Directly controlled by FAMILY OF CARE ALLIANCE INC
-
501(C)(3) · FUNDRAISING & SUPPORT FOR AFFILIATED ORG · MD
Directly controlled by NA
-
CHARLES CO NURSING & REHAB CTR FOUNDATI
501(C)(3) · FUNDRAISING FOR RELATED ORG · MD
Directly controlled by FAMILY OF CARE ALLIANCE INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611319349305006
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