Lantern Hill Inc
813 Maiden Choice Ln, Catonsville, MD · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $49,571,543 | $56,425,080 | -$36,347,153 |
| FY2023 | $47,639,239 | $48,623,404 | -$29,667,112 |
| FY2022 | $54,016,716 | $60,152,831 | -$31,492,083 |
| FY2021 | $49,148,353 | $54,216,519 | -$24,933,748 |
| FY2020 | $45,680,976 | $45,081,959 | -$19,692,697 |
| FY2019 | $38,682,202 | $43,241,853 | -$21,567,983 |
| FY2018 | $31,499,232 | $36,672,878 | -$17,092,818 |
| FY2017 | $17,190,825 | $24,492,325 | -$11,930,511 |
| FY2016 | $4,129,629 | $8,186,938 | -$4,605,824 |
| FY2015 | $40,500 | $564,837 | -$548,515 |
Form 990 filings
The returns filed by Lantern Hill Inc (EIN 37-1742780), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $408,481 | 1% |
| Program service revenue | $48,461,136 | 98% |
| Other revenue | $701,926 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $48,697,211 | 86% |
| Management & general | $7,724,584 | 14% |
| Fundraising | $3,285 | <1% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2024.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2024. That is higher than 62.5% of 32 Housing & Shelter organizations in MD.
- Net assets covered about -7.7 months of expenses at the end of the reporting year. That puts it in the 26th percentile among 341 Housing & Shelter organizations in MD.
- Total revenue was higher than 97.2% of 353 Housing & Shelter organizations in MD.
- Total revenue rose from $40,500 in FY2015 to $49,571,543 in FY2024. Revenue increased in 8 and decreased in 1 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 9 of 10 reported years (FY2015, FY2016, FY2017, FY2018, FY2019, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $54,016,716 in FY2022.
- Net assets declined from -$548,515 to -$36,347,153 between FY2015 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L22 — Housing & Shelter (in MD) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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