Valley Nursing & Rehabilitation Center
- Assets
- $4.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 56
- Location
- Quakertown, PA
- Founding
- 10/1987
- Data as of
- 06/2022
- EIN
- 23-2371480
Organization Overview
Valley Nursing & Rehabilitation Center is located in Quakertown, PA. The organization was established in 1987. 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, Valley Nursing & Rehabilitation Center employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Nursing & Rehabilitation Center 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, Valley Nursing & Rehabilitation Center generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 3 years. 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
THE ORGANIZATION IS A 60-BED NURSING HOME LOCATED IN TREXLERTOWN, PENNSYLVANIA, PROVIDES SHORT-TERM REHABILITATIVE CARE AND LONG-TERM SKILLED NURSING CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING CARE SERVICES PROVIDED: SKILLED AND INTERMEDIATE NURSING CARE TO RESIDENTS;ANCILLARY AND SUPPORTING SERVICES PROVIDED: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, MEDICAL SUPPLIES, RADIOLOGY, PHARMACY, SOCIAL SERVICES, ACTIVITIES AND ADMISSIONS; GENERAL SERVICES PROVIDED: FOOD HOUSEKEEPING, LAUNDRY SERVCIES, AND ALLOCATED INDIRECT COSTS ASSOCIATED WITH THE OEPRATION AND MAINTENANCE OF THE PHYSICAL PLANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Isaac Director | Trustee | 1 | $0 |
David Synder Co-Chariman | Trustee | 1 | $0 |
Barbara Lampe Director | OfficerTrustee | 1 | $0 |
Philip Steeley Sec/treasurer | OfficerTrustee | 1 | $0 |
Stanley Hunter Director | Trustee | 1 | $0 |
Peggy Thomas Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 6/29/22 | $468,111 |
Plexus Group Management Service | 6/29/22 | $371,633 |
Select Rehabilitation Therapy Services | 6/29/22 | $397,982 |
Aetna Health Benefits | 6/29/22 | $124,333 |
Medline Industries Resident Medical Supplies | 6/29/22 | $91,450 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,504,806 |
| Investment income | $188 |
| 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 | $4,695,438 |
| 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 | $1,719,436 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,191 |
| Payroll taxes | $125,657 |
| Fees for services: Management | $371,633 |
| Fees for services: Legal | $333 |
| Fees for services: Accounting | $30,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,448 |
| Office expenses | $12,633 |
| Information technology | $21,396 |
| Royalties | $0 |
| Occupancy | $376,198 |
| Travel | $2,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,918 |
| Insurance | $55,713 |
| All other expenses | $29,757 |
| Total functional expenses | $4,847,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $4,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $851,329 |
| 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 | $90,772 |
| Net Land, buildings, and equipment | $988,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | -$7,211 |
| Other assets | $2,074,898 |
| Total assets | $4,003,630 |
| Accounts payable and accrued expenses | $542,376 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $360,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,142 |
| Total liabilities | $920,501 |
| Net assets without donor restrictions | $3,083,129 |
| 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 | $4,003,630 |