Finances
Health Care for the Homeless
A financially strong not-for-profit organization
Health Care for the Homeless (HCH) adheres to the highest standards of fiscal accountability and acts a responsible steward of limited resources to serve people experiencing homelessness. For more than a dozen years, HCH proudly has operated with a balanced budget that derives from more than 40 major funding sources and hundreds of important smaller contributions. The work of HCH would not be possible without the support of federal, state, and local governments, private foundations, corporations, and individuals.
HCH is a not-for-profit, tax-exempt organization incorporated under the laws of the State of Maryland in 1988. A copy of our latest Financial Report and Registration can be obtained through HCH or, for the cost of copying and postage, through the Office of the Secretary of State, State House, Annapolis, MD 21401.
Below are our most recent comparative financial statements and links to our nonprofit and tax-exempt verification letters, most recent audited financial statements, and other supporting documentation.
Health Care for the Homeless, Inc.
Statements of Financial Position
December 31, 2009 and 2008
Assets 2009 (000) 2008 (000)
| Current Assets | $ 7,252 |
$ 6,596 |
| Net Property and Equipment | 14,122 |
3,713 |
| Other Assets | 1,034 |
1,716 |
| Total Assets | $22,408 |
$12,365 |
Liabilities 2009 (000) 2008 (000)
| Current Liabilities | $ 2,195 |
$ 1,265 |
| Long Term Liabilities | 3,221 |
57 |
| Net Assets | 17,021 |
11,043 |
| Total Liabilities & Net Assets | $22,408 |
$12,365 |
Statements of Activities
Year Ended December 31, 2009
Income Unrestricted Temporarily Total 2009
Operating Plant/Other Restricted
| Public Support | $ 6,701 |
$ 7,103 |
($ 1,286) |
$12,518 |
| Patient Services Revenue | 3,160 |
3,160 |
Other Income 619 619
| Total Income | $10,480 |
$ 7,103 |
($ 1,286) |
$16,297 |
| Expenses | ||||
| Program Services | $ 8,660 |
$ 73 |
$ 8,733 |
|
| General and Administrative | 1,288 |
16 |
1,304 |
Fundraising 283 283
Total Expenses $10,231 $ 89 $10,320
Total Transfers $ 255 ($ 255)
| Change in Net Assets | $ 504 |
$ 6,759 |
($ 1,286) |
$ 5,977 |
Beginning $ 3,224 $ 4,485 $ 3,334 $11,043
| Ending | $ 3,728 |
$11,244 |
$ 2,048 |
$17,020 |
Supporting Documentation: