Tel Hai Development Inc
- Assets
- $9.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Honey Brook, PA
- Founding
- 03/1982
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Tel Hai Development Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $708.2k during the year ending 06/2022. While expenses have increased by 8.8% 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
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 $613,375 DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Martin Treasurer | OfficerTrustee | 1 | $0 |
Cindy Petersheim Chair (as Of 1/1/22) | OfficerTrustee | 1 | $0 |
James H Barnett Secretary | OfficerTrustee | 1 | $0 |
Marlin Hershey Chair (until 12/31/21) | OfficerTrustee | 1 | $0 |
Sharon Canull Cfo/assistant Secretary | Officer | 3 | $0 |
David Shenk President & CEO | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,821 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,468 |
| Total Program Service Revenue | $0 |
| Investment income | $541,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,819 |
| Net Income from Fundraising Events | -$11,111 |
| Net Income from Gaming Activities | $1,224 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,224,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $384,924 |
| Grants and other assistance to domestic individuals. | $73,941 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,448 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,601 |
| Payroll taxes | $10,360 |
| 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 | $33,064 |
| Fees for services: Other | $7,742 |
| Advertising and promotion | $0 |
| Office expenses | $9,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $332 |
| Interest | $2,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $708,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,170 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,716,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,032,898 |
| Total assets | $9,838,398 |
| Accounts payable and accrued expenses | $9,285 |
| 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 | $2,434 |
| Total liabilities | $11,719 |
| Net assets without donor restrictions | $6,708,163 |
| Net assets with donor restrictions | $3,118,516 |
| 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 | $9,838,398 |
Grants Awarded
Over the last fiscal year, Tel Hai Development Inc has awarded $54,992 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Honey Brook, PA PURPOSE: TO SUPPORT TEL HAI RETIREMENT COMMUNITY'S OPERATIONS. | $21,067 |
Honey Brook, PA PURPOSE: TO SUPPORT TEL HAI RETIREMENT COMMUNITY'S OPERATIONS. | $21,067 |
Alexandria, VA PURPOSE: GENERAL OPERATIONS | $6,429 |
Alexandria, VA PURPOSE: GENERAL OPERATIONS | $6,429 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tel Hai Development Inc has recieved totaling $99.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Endowment Analysis
| Beg. Balance | $1,574,614 |
| Earnings | -$267,041 |
| Admin Expense | $4,802 |
| Net Contributions | $3,036 |
| Grants | $34,838 |
| Ending Balance | $1,270,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |