Fairmount Homes
- Assets
- $49.8m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 405
- Location
- Ephrata, PA
- Founding
- 06/1967
- Data as of
- 06/2023
- EIN
- 23-1680874
Organization Overview
Fairmount Homes is located in Ephrata, PA. The organization was established in 1967. 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 06/2023, Fairmount Homes employed 405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmount Homes 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 06/2023, Fairmount Homes generated $23.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $22.4m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAIRMOUNT HOMES IS A MINISTRY WITH MATURE ADULTS, PROVIDING HIGH QUALITY SERVICES, PROMOTING WHOLENESS AND CREATIVE LIVING CONSISTENT WITH CHRIST-CENTERED MENNONITE VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY. THE ORGANIZATION PROVIDED 34,492 RESIDENT DAYS FOR SKILLED NURSING CARE, 23,022 RESIDENT DAYS FOR PERSONAL CARE, AND 82,623 RESIDENT DAYS FOR RESIDENTIAL/INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth N Burkholder Chairman | OfficerTrustee | 1 | $0 |
Ernest H Hahn Vice Chairman | OfficerTrustee | 1 | $0 |
Edwin Martin Treasurer | OfficerTrustee | 1 | $0 |
James E Witmer Secretary | OfficerTrustee | 1 | $0 |
Lester K Burkholder Asst Secretary | OfficerTrustee | 1 | $0 |
Wilmer W Hoover Director - Termed 01/2023 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covenant Alliance Rehab East Llc Therapy Services | 6/29/22 | $749,066 |
Red Well Roofing Llc Roofing Contractor | 6/29/22 | $103,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93,636 |
| Related organizations | $0 |
| Government grants | $213,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $822,140 |
| Noncash contributions included in lines 1a–1f | $65,260 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,129,299 |
| Total Program Service Revenue | $21,474,483 |
| Investment income | $134,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,856 |
| Net Gain/Loss on Asset Sales | $74,408 |
| Net Income from Fundraising Events | $46,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,178,945 |
| 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. | $998,266 |
| Compensation of current officers, directors, key employees. | $998,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,665,334 |
| Pension plan accruals and contributions | $327,545 |
| Other employee benefits | $1,508,975 |
| Payroll taxes | $964,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $209,507 |
| Fees for services: Accounting | $50,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,539 |
| Fees for services: Other | $659,253 |
| Advertising and promotion | $62,494 |
| Office expenses | $849,809 |
| Information technology | $135,393 |
| Royalties | $0 |
| Occupancy | $1,077,820 |
| Travel | $27,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,130 |
| Interest | $501,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,735,698 |
| Insurance | $245,491 |
| All other expenses | $0 |
| Total functional expenses | $22,429,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,199 |
| Savings and temporary cash investments | $1,621,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,931,904 |
| 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 | $470,006 |
| Net Land, buildings, and equipment | $38,097,540 |
| Investments—publicly traded securities | $7,501,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,293 |
| Total assets | $49,796,774 |
| Accounts payable and accrued expenses | $1,310,888 |
| Grants payable | $0 |
| Deferred revenue | $11,490,464 |
| Tax-exempt bond liabilities | $12,249,423 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,676,696 |
| Unsecured mortgages and notes payable | $1,295,000 |
| Other liabilities | $0 |
| Total liabilities | $28,022,471 |
| Net assets without donor restrictions | $21,774,303 |
| 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 | $49,796,774 |