Tel Hai Development Inc
- Assets
- $11.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Honey Brook, PA
- Founding
- 03/1982
- Data as of
- 06/2023
- EIN
- 23-2436708
Organization Overview
Tel Hai Development Inc is located in Honey Brook, PA. The organization was established in 1982. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2023, Tel Hai Development Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tel Hai Development Inc 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, Tel Hai Development Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $265.8k during the year ending 06/2023. 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
TO SUPPORT THE TEL HAI COMMUNITY'S MISSION OF PROVIDING HIGH QUALITY CARE TO OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISES FUNDS TO ASSIST TEL HAI RETIREMENT COMMUNITY AND TEL HAI APARTMENTS IN THEIR EXEMPT PURPOSES OF CARING FOR THE AGED AND LOW-INCOME RETIREES/DISABLED PERSONS. TEL HAI DEVELOPMENT RAISED $645,137 DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Stoltzfus VP Of Mission Advancement | OfficerTrustee | 20 | $0 |
Sheldon Martin Treasurer | OfficerTrustee | 1 | $0 |
Lucinda Petersheim Chair | OfficerTrustee | 1 | $0 |
James H Barnett Secretary | OfficerTrustee | 1 | $0 |
Wendel King Director | Trustee | 1 | $0 |
Jack Lear Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,474 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $582,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,562 |
| Total Program Service Revenue | $0 |
| Investment income | $321,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,135 |
| Net Income from Fundraising Events | -$2,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,008,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,751 |
| Grants and other assistance to domestic individuals. | $33,461 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,550 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,720 |
| Payroll taxes | $7,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,972 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $589 |
| Interest | $2,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $265,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,679 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,431 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,656,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,229,096 |
| Total assets | $11,002,852 |
| Accounts payable and accrued expenses | $5,072 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,234 |
| Total liabilities | $6,306 |
| Net assets without donor restrictions | $7,554,443 |
| Net assets with donor restrictions | $3,442,103 |
| 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 | $11,002,852 |
Grants Awarded
Over the last fiscal year, Tel Hai Development Inc has awarded $27,496 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEL HAI RETIREMENT COMMUNITY PURPOSE: TO SUPPORT TEL HAI RETIREMENT COMMUNITY'S OPERATIONS. | $21,067 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $6,429 |