Kennedy Health Facilities Inc
- Assets
- $32.0m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 293
- Location
- Philadelphia, PA
- Founding
- 02/1983
- Data as of
- 06/2021
- EIN
- 22-2442032
Organization Overview
Kennedy Health Facilities Inc is located in Philadelphia, PA. The organization was established in 1983. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Kennedy Health Facilities Inc employed 293 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennedy Health Facilities 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 06/2021, Kennedy Health Facilities Inc generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $21.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICALLY NECESSARY NURSING AND LONG-TERM CARE SERVICES TO PEOPLE LIVING IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY NURSING AND LONG-TERM CARE SERVICES TO PEOPLE LIVING IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon C Spaeth RN Registered Nurse | 55 | $133,817 | |
Glenda K Alip RN Registered Nurse | 55 | $116,374 | |
Josephine Bernardo RN Registered Nurse | 55 | $103,404 | |
Joseph Kimani Asst Director Of Nursing | 55 | $100,687 | |
Gary S Pizzichillo Former Key Employee | 0 | $100,628 | |
John F Durante Chairman - Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehab Professional Service Inc Medical | 6/29/21 | $2,261,372 |
Aramark Healthcare Management Svcs Food/catering | 6/29/21 | $1,211,286 |
Nurse Staffers Inc Staffing | 6/29/21 | $172,638 |
General Healthcare Resources Inc Staffing | 6/29/21 | $270,628 |
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 | $14,751,791 |
| Investment income | $345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,794,563 |
| 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 | $8,948,020 |
| Pension plan accruals and contributions | $314,106 |
| Other employee benefits | $1,199,296 |
| Payroll taxes | $709,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $628 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,517 |
| Fees for services: Other | $3,959,891 |
| Advertising and promotion | $6,122 |
| Office expenses | $196,301 |
| Information technology | $5,668 |
| Royalties | $0 |
| Occupancy | $387,141 |
| Travel | $740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $366 |
| Interest | $1,666,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,117,639 |
| Insurance | $219,841 |
| All other expenses | $100,733 |
| Total functional expenses | $21,076,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,847,296 |
| 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 | $14,339 |
| Net Land, buildings, and equipment | $26,602,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $988,739 |
| Intangible assets | $0 |
| Other assets | $187,000 |
| Total assets | $32,034,671 |
| Accounts payable and accrued expenses | $1,631,347 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $15,763,240 |
| Total liabilities | $17,394,587 |
| Net assets without donor restrictions | $14,640,084 |
| Net assets with donor restrictions | $0 |
| 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 | $32,034,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Morris Hall St Lawrence Inc Lawrenceville, NJ | $55,795,819 | $48,236,558 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |
United Odd Fellow And Rebekah Home Bronx, NY | $62,645,372 | $41,096,050 |