Friends Boarding Home Of Concord Quarterly Meeting
- Assets
- $25.9m
- Revenue
- $6.7m
- Investments
- $5.2m
- Employees
- 163
- Location
- West Chester, PA
- Founding
- 07/1942
- Data as of
- 12/2021
- EIN
- 23-1352144
Organization Overview
Friends Boarding Home Of Concord Quarterly Meeting, operating under the name The Hickman, is located in West Chester, PA. The organization was established in 1942. 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, Hickman employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickman 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, Hickman generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 14.5% 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
THE HICKMAN IS A SENIOR LIVING COMMUNITY LOCATED IN THE HEART OF WEST CHESTER, PENNSYLVANIA. GUIDED BY QUAKER PRINCIPLES AND TRADITION, THE HICKMAN PROVIDES INDIVIDUALIZED CARE AND ASSISTANCE TO OLDER ADULTS WHO SEEK A SAFE AND AFFORDABLE LIVING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SUPPORTIVE ENVIRONMENT FOR OLDER ADULTS WHO EITHER CHOOSE OR NEED TO LIVE IN A COMMUNITY. BASIC CARE FOR EACH RESIDENT INCLUDES THREE MEALS PER DAY, HOUSEKEEPING SERVICES AND SCHEDULED ACTIVITIES. AMONG THESE ARE DAILY EXERCISE CLASSES, WELLNESS PRESENTATIONS, LIVE MUSIC ENTERTAINMENT, SHOPPING TRIPS AND PLEASURE EXCURSIONS, MEMORY ENHANCING GAMES AND ART CLASSES. THE AFFORDABLE MONTHLY RATES SUPPORT OUR MISSION OF INCLUSION OF LOW-INCOME HOUSING. ADDITIONAL PERSONAL CARE SERVICES SUCH AS ASSISTANCE WITH MEDICATION MANAGEMENT AND ACTIVITIES OF DAILY LIVING, SCHEDULING MEDICAL APPOINTMENTS AND TRANSPORTATION ASSISTANCE ARE PROVIDED AT FIVE LEVELS WITH INCREMENTAL FEE ADJUSTMENTS AS RESIDENTS AGE IN PLACE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonette M Kelly Executive Di | 40 | $105,809 | |
Jennifer Karsten Executive Di | Officer | 40 | $46,447 |
Nancy Pine ESQ Secretary | OfficerTrustee | 5 | $0 |
Joseph Farace CPA Trustee | OfficerTrustee | 5 | $0 |
Betsy Stratton Chair | OfficerTrustee | 5 | $0 |
Stephen Olsen ESQ Vice-Chair | OfficerTrustee | 5 | $0 |
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 | $754,015 |
| Noncash contributions included in lines 1a–1f | $448,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $754,015 |
| Total Program Service Revenue | $5,609,174 |
| Investment income | $356,379 |
| 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 | $6,719,568 |
| 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. | $152,256 |
| Compensation of current officers, directors, key employees. | $152,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,957,250 |
| Pension plan accruals and contributions | $62,931 |
| Other employee benefits | $445,582 |
| Payroll taxes | $245,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,072 |
| Advertising and promotion | $190,261 |
| Office expenses | $22,146 |
| Information technology | $58,235 |
| Royalties | $0 |
| Occupancy | $743,672 |
| Travel | $31,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,109 |
| Interest | $986,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $600,988 |
| Insurance | $108,497 |
| All other expenses | $24,995 |
| Total functional expenses | $7,476,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,561,469 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $74,222 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $256,889 |
| Inventories for sale or use | $18,841 |
| Prepaid expenses and deferred charges | $74,428 |
| Net Land, buildings, and equipment | $17,689,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,214,189 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,212 |
| Total assets | $25,916,851 |
| Accounts payable and accrued expenses | $712,016 |
| Grants payable | $0 |
| Deferred revenue | $802,176 |
| Tax-exempt bond liabilities | $18,117,276 |
| 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 | $20,500 |
| Total liabilities | $19,651,968 |
| Net assets without donor restrictions | $5,877,915 |
| Net assets with donor restrictions | $386,968 |
| 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 | $25,916,851 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Boarding Home Of Concord Quarterly Meeting has recieved totaling $25,620.
| Awarding Organization | Amount |
|---|---|
United Way Of Chester County Exton, PA PURPOSE: PROGRAM ASSISTANCE | $15,000 |
Chester County Community Foundation Inc West Chester, PA PURPOSE: HUMAN SERVICES | $10,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $120 |
Endowment Analysis
| Beg. Balance | $4,568,982 |
| Earnings | $489,225 |
| Ending Balance | $5,058,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Homewood At Williamsport Md Inc Williamsport, MD | $33,819,654 | $18,842,651 |
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 |