Copper Ridge INC: Nonprofit Profile, Financials & Form 990 (EIN 52-1750659)

Revenue by fiscal year
FY2020	$6.6M
FY2021	$199K
FY2022	$103K

Expenses by fiscal year
FY2020	$8.3M
FY2021	$46K
FY2022	$17K

Net assets by fiscal year
FY2020	−$2.2M
FY2021	−$2.0M
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

39%

61%

Program services 39% · $7K Management & general 61% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation

Gerald T Grant

CEO & Chairman

$0Pt VII · Sec A

Karen I Christiansen

President & Vice Chairman

$0Pt VII · Sec A

Susan B Allmond

Director

$0Pt VII · Sec A

John L Esterhai JR MD

Director

$0Pt VII · Sec A

Elric C Gerner

Director

$0Pt VII · Sec A

Dilip a Kulathum

Director (to 12/4/22)

$0Pt VII · Sec A

James Ryan

Director

$0Pt VII · Sec A

Anne Weatherholt

Director

$0Pt VII · Sec A

See Copper Ridge INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides retirement living, assisted living, and skilled nursing care for older adults.

Questions for Copper Ridge INC

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1 program · $7K · in their own filed words · FY2022

01

Effective july 1, 2020, copper ridge no longer provides comprehensive life care services as it sold the building, the real estate, personal property, and the bed rights to an unrelated organization, sykesville MD propco, LLC.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1750659) · Dispute this line

$7Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$103K

Ln 12

Other incomeLn 4–11$103K

Investment incomeLn 3$365

Money outPt IX

$17K

Ln 25

Programscol B$7K

Managementcol C$10K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$365

Other incomeLn 4–11$103K

Gains on assetsLn 7−$73

Total revenueLn 12$103K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 68

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

EndowmentSch D · Pt V

Line	FY21	FY20	FY19	FY18
End of yearLn 1g	$459K	$450K	$450K	$469K
SpentLn 1d–1f		$63K		$36K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$1K	$0
InvestmentsLn 11–13	$483K	$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$2.4M	$0
LiabilitiesLn 26	$4.4M	$0
Net assetsLn 32	−$2.0M	$0

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
InsuranceLn 23	$7K	$7K
Other expenses (24a–d)Ln 24	$10K		$10K
Total functional expensesLn 25	$17K	$7K	$10K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest ViewingFiled with the IRS Nov 14, 2023	$103K	$17K	$87K	$0	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$199K	$46K	$152K	−$2.0M	990 PDF
FY2020Filed with the IRS Nov 12, 2021	$6.6M	$8.3M	−$1.6M	−$2.2M	990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $103,309 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $32,465$292

I-11 Other revenuePrior year $166,272$103,017

I-12 Total revenuePrior year $198,737$103,309

I-13 Grants and similar amounts paidPrior year $2,000$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $5,110$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $39,294$16,666

I-18 Total expensesPrior year $46,404$16,666

I-19 Revenue less expensesPrior year $152,333$86,643

Part VI · Governance 6 of 8 board members independent, no flags

VI-1a Voting members of the governing body8

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $103,309 across 4 lines filed

VIII-3 Investment incomeExcluded from tax $365$365

VIII-6 Net rental income or lossExcluded from tax $103,017$103,017

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$73−$73

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $103,309$103,309

Part IX · Statement of functional expenses $16,666 across 2 lines filed

IX-23 InsurancePrograms $6,541$6,541

IX-24 Other expenses (24a–d)Management $10,125$10,125

IX-25 Total functional expensesPrograms $6,541 · Management $10,125 · Fundraising $0$16,666

Part X · Balance sheet $0 assets, 22 lines filed

X-1 Cash, non-interest-bearing$0

X-2 Savings and temporary cash investmentsStart of year $1,080$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $1,876,531$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securitiesStart of year $482,518$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $2,360,129$0

X-25 Other liabilitiesStart of year $4,385,947$0

X-26 Total liabilitiesStart of year $4,385,947$0

X-27 Net assets without donor restrictionsStart of year −$2,499,474$0

X-28 Net assets with donor restrictionsStart of year $473,656$0

X-32 Total net assets or fund balancesStart of year −$2,025,818$0

X-33 Total liabilities and net assetsStart of year $2,360,129$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$103,309

XI-2 Total expenses$16,666

XI-3 Revenue less expenses$86,643

XI-4 Net assets at start of year−$2,025,818

XI-5 Net unrealized gains (losses) on investments−$28,078

XI-9 Other changes in net assets$1,967,253

XI-10 Net assets at end of year$0

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Copper Ridge INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Copper Ridge INC

By the numbers

Filing history

Schedules filed Part IV

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