Cadbury At Cherry Hill
- Assets
- $1.5m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 284
- Location
- Cherry Hill, NJ
- Founding
- 01/1997
- Data as of
- 03/2017
- EIN
- 22-2182468
Organization Overview
Cadbury At Cherry Hill is located in Cherry Hill, NJ. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2017, Cadbury At Cherry Hill employed 284 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cadbury At Cherry Hill 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 03/2017, Cadbury At Cherry Hill generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $7.5m during the year ending 03/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCELLENT, COMPREHENSIVE SERVICES TO OLDER ADULTS IN RESIDENTIAL AND HEALTHCARE SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CADBURY AT CHERRY HILL, INC IS A CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN CHERRY HILL, NJ THAT PROVIDES RESIDENTIAL ASSISTED AND MEDICAL CARE TO ITS RESIDENTS. THE RESIDENT'S FACILITY CONSISTS OF 138 INDEPENDENT LIVING UNITS, 64 ASSISTED LIVING BEDS UNITS, AND A HEALTHCARE CENTER CONSISTING OF 105 SKILLED BEDS. ITS PHILOSOPHY IS TO EQUIP ITSELF TO MEET THE PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL AND SPIRITUAL NEEDS OF ITS RESIDENTS.FOR FISCAL YEAR 2017, THE AVERAGE OCCUPANCY PERCENTAGE WAS 72.8% FOR THE INDEPENDENT LIVING, 71.4% FOR ASSISTED LIVING AND 77.1% FOR SKILLED BEDS. (JUNE CENSUS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Melroy Chair | OfficerTrustee | 1 | $0 |
Jarry Jones Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Kreider Secretary | OfficerTrustee | 1 | $0 |
Gerald Havers Member | Trustee | 1 | $0 |
Nancy Mellendorf Member | Trustee | 1 | $0 |
William C Probsting Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehab Professional Services Rehabilitation Services | 3/30/16 | $731,780 |
Sundance Rehab Services Rehabilitation Services | 3/30/16 | $175,862 |
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 | $5,422,446 |
| Investment income | $28,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,789,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,265,220 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,354,853 |
| Pension plan accruals and contributions | $153,804 |
| Other employee benefits | $954,002 |
| Payroll taxes | $248,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $238,768 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $461,211 |
| Advertising and promotion | $5,364 |
| Office expenses | $269,375 |
| Information technology | $18,062 |
| Royalties | $0 |
| Occupancy | $338,380 |
| Travel | $13,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $301,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,675 |
| Insurance | $321,977 |
| All other expenses | -$135,106 |
| Total functional expenses | $7,461,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,184,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $312,262 |
| Total assets | $1,499,928 |
| Accounts payable and accrued expenses | $721,776 |
| Grants payable | $0 |
| Deferred revenue | $31,677 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $753,453 |
| Unrestricted restricted net Assets | $711,815 |
| Temporarily restricted net Assets | $34,660 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $746,475 |