Germantown Home
- Assets
- $34.2m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 290
- Location
- Philadelphia, PA
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 23-2310085
Organization Overview
Germantown Home is located in Philadelphia, PA. The organization was established in 1994. 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 06/2022, Germantown Home employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Germantown Home 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, Germantown Home generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $28.0m during the year ending 06/2022. While expenses have increased by 3.2% 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
SKILLED NURSING HOME FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR NURSING FACILITY
TRANSITIONAL CARE FOR THE ELDERLY AND VETERANS - NEWCOURTLAND SQUARE APARTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Howard Secretary/administrator | Officer | 40 | $199,768 |
James Hollingsworth Nurse | 40 | $157,660 | |
Zena Edwards Director Of Nursing | 40 | $137,861 | |
Tywander Turlington Nursing Administration | 40 | $113,753 | |
Desiree Deguzman Nurse | 40 | $111,168 | |
Ludmila I Kovatcheva Asst. Administrator | 40 | $107,134 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holy Family University University | 6/29/22 | $750,000 |
Us Food Service Food | 6/29/22 | $560,085 |
Amp Tech Systems Llc Electrical Services | 6/29/22 | $481,320 |
S&k Home Improvement Security | 6/29/22 | $263,032 |
Odell Studner Group Insurance | 6/29/22 | $765,756 |
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 | $385,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,994 |
| Total Program Service Revenue | $15,981,612 |
| Investment income | $140,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,734,375 |
| 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 | $20,236,188 |
| 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 | $11,139,461 |
| Pension plan accruals and contributions | $497,020 |
| Other employee benefits | $1,432,008 |
| Payroll taxes | $859,272 |
| Fees for services: Management | $1,136,626 |
| Fees for services: Legal | $42,385 |
| Fees for services: Accounting | $38,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,160,016 |
| Advertising and promotion | $24,870 |
| Office expenses | $30,330 |
| Information technology | $221,611 |
| Royalties | $0 |
| Occupancy | $1,074,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,650,506 |
| Insurance | $1,271,264 |
| All other expenses | $4,156,078 |
| Total functional expenses | $27,967,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$702,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,727,387 |
| Loans from Officers, Directors, or Controlling Persons | $25,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $85,705 |
| Prepaid expenses and deferred charges | $637,939 |
| Net Land, buildings, and equipment | $7,373,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,209,809 |
| Intangible assets | $0 |
| Other assets | $11,847,844 |
| Total assets | $34,204,469 |
| Accounts payable and accrued expenses | $1,388,559 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $244,576 |
| 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 | $58,987,732 |
| Total liabilities | $60,620,867 |
| Net assets without donor restrictions | -$26,416,398 |
| 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 | $34,204,469 |