The Martin And Edith Stein Assisted Living Residence Inc
- Assets
- $9.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 127
- Location
- Somerset, NJ
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 22-3700189
Organization Overview
The Martin And Edith Stein Assisted Living Residence Inc is located in Somerset, NJ. 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 12/2021, Martin And Edith Stein Assisted Living Residence Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin And Edith Stein Assisted Living Residence 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 12/2021, Martin And Edith Stein Assisted Living Residence Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN ASSISTED LIVING FACILITY FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARTIN AND EDITH STEIN ASSISTED LIVING RESIDENCE IS A NON-PROFIT ASSISTED LIVING RESIDENCE. THE STEIN RESIDENCE OPENED IN MAY 2003. EACH RESIDENT RECEIVES THE LEVEL OF PERSONALIZED SUPPORT HE OR SHE NEEDS. SERVICES INCLUDE ASSISTANCE WITH BATHING, DRESSING AND MEDICATION MANAGEMENT; LICENSED NURSE ON PREMISES 24/7, GLATT KOSHER MEALS; HOUSEKEEPING AND LINEN SERVICE, EMERGENCY RESPONSE SYSTEMS, RECREATIONAL, SOCIAL AND CULTURAL ACTIVITIES, RELIGIOUS OBSERVANCES, TRANSPORTATION TO MEDICAL APPOINTMENTS, ON-SITE PHYSICAL THERAPY, LIBRARY, COMPUTER LAB AND BEAUTY SALON. CONTINUED ON SCHEDULE O. FOR PEOPLE WITH ALZHEIMER'S DISEASE AND OTHER FORMS OF MEMORY IMPAIRMENT, WE HAVE A SEPARATE MEMORY CARE NEIGHBORHOOD WHICH PROVIDES SPECIALIZED CARE IN A HOME-LIKE SETTING WITH ADDITIONAL SAFETY FEATURES TO PREVENT WANDERING. WE ALSO HAVE THE CAPACITY FOR RESPITE-CARE. STEIN RESIDENCE HAS THE CAPACITY FOR 90 RESIDENTS. IN 2021, WE SERVED 82 UNIQUE RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Leone Executive Director | OfficerTrustee | 16 | $130,394 |
Paula Royal Director Of Nursing | 48 | $106,799 | |
Anna Simmons Executive Director - Left Jan 2021 | OfficerTrustee | 48 | $102,993 |
Robert Barry Campus President/ceo | OfficerTrustee | 7 | $0 |
Howard Koransky President | OfficerTrustee | 2 | $0 |
Gerald Staffin Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Side Foods Inc Food Services | 12/30/19 | $108,427 |
Driscoll Foods Food Services | 12/30/19 | $139,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,438,523 |
| Government grants | $673,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,111,978 |
| Total Program Service Revenue | $4,321,396 |
| Investment income | $11 |
| 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 | $7,554,039 |
| 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. | $234,641 |
| Compensation of current officers, directors, key employees. | $103,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,418,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $545,247 |
| Payroll taxes | $277,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,730 |
| Fees for services: Lobbying | $295 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,321 |
| Advertising and promotion | $63,793 |
| Office expenses | $236,902 |
| Information technology | $40,124 |
| Royalties | $0 |
| Occupancy | $208,660 |
| Travel | $11,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,798 |
| Interest | $50,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,016 |
| Insurance | $85,356 |
| All other expenses | $3,855 |
| Total functional expenses | $6,966,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,361 |
| Savings and temporary cash investments | $10,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,067 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,090 |
| Net Land, buildings, and equipment | $8,520,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,348 |
| Total assets | $9,023,708 |
| Accounts payable and accrued expenses | $190,172 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,190,000 |
| Escrow or custodial account liability | $238,328 |
| 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 | $121,054 |
| Total liabilities | $3,739,554 |
| Net assets without donor restrictions | $5,284,154 |
| 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 | $9,023,708 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Martin And Edith Stein Assisted Living Residence Inc has recieved totaling $2,438,523.
| Awarding Organization | Amount |
|---|---|
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ PURPOSE: PURPOSE IS TO PROVIDE SUPPORT TO STEIN ALR FOR GENERAL OPERATIONS. | $2,438,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |