Elm Terrace Gardens
- Assets
- $44.9m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 180
- Location
- Lansdale, PA
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 23-2132688
Organization Overview
Elm Terrace Gardens is located in Lansdale, PA. The organization was established in 1981. 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 06/2022, Elm Terrace Gardens employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elm Terrace Gardens 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 06/2022, Elm Terrace Gardens generated $23.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $23.3m during the year ending 06/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 64-BED PERSONAL CARE FACILITY, A 24 BED MEMORY SUPPORT FACILITY, AND 146 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. ITS PRIMARY SERVICE AREA INCLUDES LANSDALE, PENNSYLVANIA AND SURROUNDING COMMUNITIES IN MONTGOMERY COUNTY, PENNSYLVANIA. THE ORGANIZATION SERVED 394 RESIDENTS DURING THE FISCAL YEAR.THE COMPANY PROVIDES INDEPENDENT LIVING, PERSONAL CARE AND MEMORY CARE SERVICES TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS COST OF PROVIDING CARE. THE COMPANY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF BENEVOLENT CARE IT PROVIDES. THE COSTS ASSOCIATED WITH THE BENEVOLENT CARE SERVICES PROVIDED INCLUDE BOTH DIRECT COSTS AND ESTIMATED INDIRECT COSTS, AS CALCULATED BY MANAGEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Mathues Chairman | OfficerTrustee | 2 | $0 |
Clifford T Stout Vice Chairman | OfficerTrustee | 2 | $0 |
Don Helpa Secretary | OfficerTrustee | 2 | $0 |
John Parola Treasurer | OfficerTrustee | 2 | $0 |
James Burns Director | Trustee | 2 | $0 |
Nancy Butterworth Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Food Services | 6/29/22 | $7,142,398 |
Powerback Rehabilitation Therapy | 6/29/22 | $2,908,345 |
Rn Plus Inc Agency Staffing | 6/29/22 | $1,894,974 |
Baker Tilly Us Llp Accounting Services | 6/29/22 | $444,538 |
Prn Staffing Inc Agency Staffing | 6/29/22 | $330,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $900,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,310,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,211,331 |
| Total Program Service Revenue | $20,438,723 |
| Investment income | $76,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $193,443 |
| Net Gain/Loss on Asset Sales | $42,163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,531 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,104,029 |
| 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. | $502,774 |
| Compensation of current officers, directors, key employees. | $502,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,202,322 |
| Pension plan accruals and contributions | $218,357 |
| Other employee benefits | $630,010 |
| Payroll taxes | $587,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,061 |
| Fees for services: Accounting | $53,663 |
| Fees for services: Lobbying | $870 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,592,088 |
| Advertising and promotion | $118,335 |
| Office expenses | $137,500 |
| Information technology | $195,838 |
| Royalties | $0 |
| Occupancy | $1,383,464 |
| Travel | $19,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,786 |
| Interest | $552,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,381,937 |
| Insurance | $191,745 |
| All other expenses | $301,249 |
| Total functional expenses | $23,342,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $4,306,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $943,017 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,292 |
| Prepaid expenses and deferred charges | $219,908 |
| Net Land, buildings, and equipment | $35,117,174 |
| Investments—publicly traded securities | $4,155,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,327 |
| Total assets | $44,942,521 |
| Accounts payable and accrued expenses | $2,820,091 |
| Grants payable | $0 |
| Deferred revenue | $265,701 |
| Tax-exempt bond liabilities | $12,797,080 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $287,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,574,394 |
| Total liabilities | $31,744,751 |
| Net assets without donor restrictions | $12,994,193 |
| Net assets with donor restrictions | $203,577 |
| 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 | $44,942,521 |