Stoneridge Retirement Living
- Assets
- $76.0m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 403
- Location
- Myerstown, PA
- Founding
- 05/1942
- Data as of
- 12/2021
- EIN
- 23-1379523
Organization Overview
Stoneridge Retirement Living is located in Myerstown, PA. The organization was established in 1942. 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 12/2021, Stoneridge Retirement Living employed 403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stoneridge Retirement Living 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, Stoneridge Retirement Living generated $26.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $25.7m during the year ending 12/2021. 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
OPERATE CONTINUING CARE RETIREMENT COMMUNITIES WHICH PROVIDE SKILLED NURSING, PERSONAL CARE AND INDEPENDENT LIVING SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED AND INTERMEDIATE NURSING CARE - PROVIDE MEDICAL SERVICES TO PERSONS QUALIFYING UNDER THE SKILLED AND INTERMEDIATE CARE DEFINITIONS OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. PERSONAL CARE - PROVIDE SERVICES AND FACILITIES TO PERSONS IN NEED OF AN ASSISTED-LIVING LEVEL OF CARE. INDEPENDENT LIVING - PROVIDE SERVICES AND FACILITIES TO PERSONS LIVING INDEPENDENTLY IN APARTMETNS AND COTTAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stoneridge Retirement Living Communities Inc Mgmt Services | 12/30/21 | $3,509,334 |
Sodexo Inc & Affiliates Dining / Food Services | 12/30/21 | $2,109,526 |
Select Rehab Llc Therapy | 12/30/21 | $1,146,565 |
Precision Lawn Care Lawn Care | 12/30/21 | $219,062 |
Hands On Nursing Agency Nursing | 12/30/21 | $361,784 |
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 | $107,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,321 |
| Total Program Service Revenue | $22,729,109 |
| Investment income | $1,521,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,109,776 |
| 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 | $9,412,681 |
| Pension plan accruals and contributions | $264,194 |
| Other employee benefits | $1,394,359 |
| Payroll taxes | $734,176 |
| Fees for services: Management | $3,509,334 |
| Fees for services: Legal | $46,412 |
| Fees for services: Accounting | $25,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $158,992 |
| Fees for services: Other | $2,993,466 |
| Advertising and promotion | $37,871 |
| Office expenses | $1,424,235 |
| Information technology | $133,973 |
| Royalties | $0 |
| Occupancy | $1,072,604 |
| Travel | $60,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,393 |
| Interest | $464,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,172,646 |
| Insurance | $347,505 |
| All other expenses | $0 |
| Total functional expenses | $25,726,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842 |
| Savings and temporary cash investments | $1,000,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,644,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $179,222 |
| Prepaid expenses and deferred charges | $268,165 |
| Net Land, buildings, and equipment | $32,753,991 |
| Investments—publicly traded securities | $34,129,220 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,025,920 |
| Total assets | $76,002,293 |
| Accounts payable and accrued expenses | $2,411,934 |
| Grants payable | $0 |
| Deferred revenue | $4,927,933 |
| Tax-exempt bond liabilities | $17,496,892 |
| 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 | $2,621,966 |
| Total liabilities | $27,458,725 |
| Net assets without donor restrictions | $40,839,634 |
| Net assets with donor restrictions | $7,703,934 |
| 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 | $76,002,293 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Stoneridge Retirement Living has recieved totaling $65,218.
| Awarding Organization | Amount |
|---|---|
Margaret Bower Trust Uw 1513557749 Las Vegas, NV PURPOSE: GENERAL OPERATING | $48,000 |
George A Jones Tr Uw Fbo B Creitz Las Vegas, NV PURPOSE: GENERAL OPERATING | $12,250 |
John Harold Schaeffer Memorial Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $4,968 |
Endowment Analysis
| Beg. Balance | $5,040,991 |
| Earnings | $623,682 |
| Admin Expense | $21,464 |
| Ending Balance | $5,643,209 |
Peer Organizations
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|---|---|---|
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Oak Crest Village Inc Parkville, MD | $495,556,334 | $90,971,954 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Albright Care Services Frederick, MD | $96,340,327 | $64,491,895 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |