Presbyterian Home of Maryland Inc

What it reported doing in 2024

In december 2024 presbyterian home of Maryland, inc. Purchased hart heritage estates assisted living facilities. The two assisted living facilities are located in the bel air area of harford county, Maryland. One location is in forest hill, which is licensed for 55 beds, and the other is in the town of street, which is licensed for 39 beds. We provide a home-like atmosphere that is not just seen but is felt by all who visit. Our spacious community living room gives our residents the opportunity to enjoy the companionship of others while watching a large-screen tv or participating in our group sing-alongs. Each facility has 24/7 video security, spacious dining areas, outdoor picnic(continued on schedule o)facilities, private dining for special occasions, and walk-in beautician services. Each of the resident rooms is beautifully decorated to include every convenience. Rooms include large sunny windows, private baths, wall-to-wall carpeting, air conditioning, and 24-hour in-room motion detection. For those who desire it, we also offer in-room cable, telephone, and internet service, as well as daily newspaper delivery. Dining & dietary needs: the residents enjoy eating in our comfortable dining room. There are three delicious home-cooked, well-balanced meals offered daily. Snacks and beverages are provided as needed 24/7. Special diets are prepared for residents upon their doctors' requests. Accommodations are also available for outside gatherings, including a gas grill for meal preparation for family members and friends.activities: at hart heritage estates, we try to maintain an active lifestyle for our residents, by providing a variety of activities for seniors in assisted living some of our activities include arts and crafts, movie night, cooking club, bingo, and other competitive games, as well as outdoor gardening and exercise. We also provide the opportunity for weekly religious services.we schedule weekly appearances by local talent who provide live singing and music. The silver reader program, sponsored by the harford county public library, is ongoing and is a favorite of many residentsmaking library staff and media available at hart heritage estates for checkout. We have a computer center with internet access for those without computers. Other special events include ice cream socials and holiday parties.assisted living: both harford county assisted living locations have caring staff who are dedicated to the care and comfort of every resident and conduct themselves with honesty and integrity. Our staff includes:- licensed facility administrator- state licensed registered nurse- state certified medication technicians- resident assistants- two activity coordinatorswe also have a number of specialists available to our residents, including:- rehab therapy specialist for physical, occupational, and speech therapy- hospice- podiatrist- behavioral health, including a consulting psychiatrist and psychologist- dental services- phlebotomy servicesmemory care facilities: we care for those with emerging memory symptoms and those with advanced cases. We also provide short-term respite care for caregivers who just need a break from what can be an overwhelming situation.respite care services: respite care is designed for family members and caregivers who need to take some time off and rejuvenate and just have some time to take care of themselves. Caregiving is a demanding job, and no one is equipped to do it alone. Our respite care provides short-term breaks that can relieve stress, restore energy, and promote balance in your life.hospice care relationships: while hart heritage estates offers a caring and personalized assisted living experience, we are not a hospice; however, we do have a hospice room at our forest hill location, set up for end-of-life needs, available for both residents and non-residents and their families. It is comfortably furnished for the patient and provides space for the family. We contract with all hospice agenci

Financial Efficiency

• Mission deployment rate: 13.1%; rating input score 13
• Program expense ratio: 17.6%; rating input score 18
• Fundraising efficiency: $6.41 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 37.1%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 13.82; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 15.7%; rating input score 18; 18th percentile among comparable filings

Growth

• Program expense growth: -30.1% per year; rating input score 0; 1st percentile among comparable filings
• Revenue growth: -5.4% per year; rating input score 0; 3rd percentile among comparable filings
• Asset growth: -1.9% per year; rating input score 0; 8th percentile among comparable filings