Gilchrist Baltimore Center Support Corporation

Nonprofit profile at a glance

EIN
854086504
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Hunt Valley, MD, USA
Phone
4438498200
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$608,912
Expenses
$938,281
Assets
$17,535,703
Liabilities
$16,973,582

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • CATHERINE HAMEL (EVP & PRESIDENT GILCHRIST)

Highest reported compensation

  • LAURIE R BEYER (EVP & CFO GBMC HEALTHCARE): $815,423 total reported compensation
  • CATHERINE HAMEL (EVP & PRESIDENT GILCHRIST): $657,328 total reported compensation
  • ELIZABETH LEE (CFO SR. DIR. BUSINESS OPS GILCHRIST): $234,746 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The specific objectives of the corporation shall be to: (i) support gilchrist hospice care, inc. ("ghc") so long as such organization continues to be created and organized for exempt purposes within the meaning of section 501(c)(3) of the code; (ii) develop, initiate, and operate projects that are consistent with the needs of ghc; and (iii) engage in any lawful act or activity in furtherance of the forgoing, provided such activities are not in violation, or inconsistent with, the corporation's status as a charitable and educational organization under section 501(c)(3) of the code.

What it reported doing in 2024

Gilchrist baltimore center support corporation ("gbcsc") was created primarily to serve as the qualified low income business ("qalicb") for purposes of the new market tax credit ("nmtc") financing agreement for the new inpatient hospice facility at stadium place, in baltimore city. In this capacity, gbcsc received qualified low income community investment ("qlici") loans to fund construction of the new facility. Construction of the hospice facility at stadium place was completed in december, 2021, at which point gbcsc began leasing the facility to gilchrist hospice care, inc., ("gilchrist"), an organization exempt from federal income tax under internal revenue code section 501(c)(3). Gilchrist uses the facility to provide inpatient hospice and elder medical care to residents of baltimore city.

Operating model

Revenue model
Other-operating. 85% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 60
  • Accountability: 68
  • Sustainability: 32
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -54.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 18.69; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 20.4%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 37.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: -29.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -7.2% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: 3 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $938K in reported program spending
  • Leadership: top reported pay $815K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 17 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.