Glen At Hiland Meadows Inc
- Assets
- $42.7m
- Revenue
- $10.3m
- Investments
- $2.8m
- Employees
- 251
- Location
- Queensbury, NY
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 16-1529639
Organization Overview
Glen At Hiland Meadows Inc is located in Queensbury, NY. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Glen At Hiland Meadows Inc employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen At Hiland Meadows Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Glen At Hiland Meadows Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $12.3m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLEN AT HILAND MEADOWS (THE GLEN) PROVIDES A "HOME FOR THE AGED" INCLUDING 120 INDEPENDENT LIVING APARTMENTS, COTTAGES, AND HEALTH CARE FOR THE ELDERLY IN A 42 UNIT ENRICHED HOUSING RESIDENCE. THE RETIREMENT COMMUNITY SERVES RESIDENTS 60 YEARS OF AGE AND OLDER, AND PROVIDES SECURITY, MAINTENANCE, DINING, ACTIVITIES, AND AMENITIES TO ALLOW RESIDENTS TO STAY INDEPENDENT AS LONG AS POSSIBLE. THE ENRICHED HOUSING RESIDENCE PROVIDES ASSISTANCE WITH THE ACTIVITIES OF DAILY LIVING AND HEALTH RELATED SERVICES. THE MEMORY CARE UNITS ARE DESIGNED FOR SENIOR RESIDENTS WITH ALZHEIMER'S DISEASE, DEMENTIA, AND OTHER MEMORY LOSS PROBLEMS. THE GLEN IS COMMITTED TO MAKING ITS SERVICES AND FACILITIES AVAILABLE TO THOSE RESIDENTS WHO CAN NO LONGER MEET THE FINANCIAL OBLIGATIONS OF RESIDENCY TO THE EXTENT THAT IT IS FINANCIALLY FEASIBLE TO DO SO. THE GLEN'S ACTIVITIES ARE FUNDED PRIMARILY FROM GROSS RECEIPTS FROM ADMISSIONS AND MONTHLY SERVICE FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl T Baker Board Member | Trustee | 1 | $0 |
Mary D Farr Board Member | Trustee | 1 | $0 |
Mario Fasulo Board Member | Trustee | 1 | $0 |
Michelle Mazzacco Board Member | Trustee | 1 | $0 |
Kevin O'brien Board Member | Trustee | 1 | $0 |
Ashley Underwood Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Food Service | 12/30/23 | $485,441 |
Sysco Albany Food Service | 12/30/23 | $317,415 |
Four Star Flooring Inc Construction Services | 12/30/23 | $104,365 |
Ccs Capturis Llc Utilities | 12/30/23 | $267,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,117,167 |
| Investment income | $147,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,264,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,943 |
| Compensation of current officers, directors, key employees. | $29,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,226,348 |
| Pension plan accruals and contributions | $154,720 |
| Other employee benefits | $483,047 |
| Payroll taxes | $322,637 |
| Fees for services: Management | $24,642 |
| Fees for services: Legal | $1,863 |
| Fees for services: Accounting | $37,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,320,717 |
| Advertising and promotion | $0 |
| Office expenses | $72,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $558,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,819,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,109,844 |
| Insurance | $56,626 |
| All other expenses | $0 |
| Total functional expenses | $12,311,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,306,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $92,014 |
| Net Land, buildings, and equipment | $31,323,766 |
| Investments—publicly traded securities | $3,725,586 |
| Investments—other securities | $2,845,428 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,356,226 |
| Total assets | $42,738,543 |
| Accounts payable and accrued expenses | $1,361,477 |
| Grants payable | $0 |
| Deferred revenue | $1,486,169 |
| Tax-exempt bond liabilities | $5,295,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,261,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,016,956 |
| Total liabilities | $56,420,614 |
| Net assets without donor restrictions | -$13,909,866 |
| Net assets with donor restrictions | $227,795 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,738,543 |