Riddle Village
- Assets
- $63.3m
- Revenue
- $32.7m
- Investments
- $0.0
- Employees
- 403
- Location
- Media, PA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 23-2613942
Organization Overview
Riddle Village is located in Media, PA. The organization was established in 1990. 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, Riddle Village employed 403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riddle Village 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, Riddle Village generated $32.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $32.3m during the year ending 06/2022. While expenses have increased by 2.3% 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 ENRICH THE VALUE OF RETIREMENT LIVING FOR RESIDENTS & LIVES OF THOSE WHO SUPPORT THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING FACILITY, CONSISTING OF 358 UNITS, IS DESIGNED TO ALLOW EACH RESIDENT TO LIVE THEIR LIFE TO THE FULLEST WITHOUT THE CONCERNS ASSOCIATED WITH POSSIBLE FUTURE HEALTHCARE NEEDS. THE ORGANIZATION PROVIDES MEALS, HOUSEKEEPING, ACTIVITIES, WELLNESS, 24 HOUR NURSE AVAILABILITY AND A FITNESS CENTER THAT ENCOURAGES RESIDENTS TO REMAIN AS ACTIVE AS POSSIBLE. AS A CCRC, RIDDLE VILLAGE PROVIDES SUBSIDIES TO ANY RESIDENT WHO IS UNABLE TO MEET THEIR FINANCIAL OBLIGATIONS TO THE COMMUNITY. THE ORGANIZATION CURRENTLY HAS AN AVERAGE OF EIGHT RESIDENTS WHO ARE IN NEED OF THIS SUBSIDY WITH OTHERS REQUESTING ASSISTANCE RECENTLY DUE TO THE DOWNTURN IN THE ECONOMY. (CONTINUED ON SCHEDULE O)RIDDLE VILLAGE HOSTS MANY COMMUNITY EVENTS, IS A VOTING CENTER DURING ELECTIONS AND SUPPORTS THE OVERALL COMMUNITY BY PARTICIPATING IN THE PAYMENT OF LOCAL, COUNTY AND SCHOOL TAXES.COVID-19 HAS IMPACTED THE FACILITY, CAUSING ADDITIONAL COSTS FOR EMERGENCY PREPARDNESS, DISEASE CONTROL AND CONTAINMENT, POTENTIAL SHORTAGES OF HEALTH CARE AND OTHER PERSONNEL, AND LOSS OF REVENUE DUE TO REDUCTIONS IN CERTAIN REVENUE STREAMS. PROVIDER RELIEF FUNDING WAS UTILIZED FOR PAYROLL AND NONPAYROLL RELATED EXPENDITURES AS WELL AS TO HELP WITH LOST REVENUES.
PERSONAL CARE UNIT - CONSISTS OF 49 APARTMENTS BOTH STUDIO AND ONE-BEDROOMS. THERE WAS A RECENT EXPANSION AND REFURBISHING PROJECT FOR BOTH PERSONAL CARE UNIT AND SKILLED NURSING FACILITY TO ALLOW FOR A MORE HOME LIKE NVIRONMENT, MORE GATHERING PLACES FOR RESIDENTS, FAMILY AND FRIENDS AND KITCHEN FACILITIES TO BETTER SERVE OUR RESIDENTS. IT IS OUR PHILOSOPHY THAT EACH RESIDENTS' CARE, PHYSICAL AND EMOTIONAL HEALTH IS EQUALLY IMPORTANT. THIS UNIT CONSISTS OF BOTH LIFECARE RESIDENTS AND PRIVATE PAY RESIDENTS. ALL LIFECARE RESIDENTS ARE GUARANTEED CARE REGARDLESS OF THEIR ABILITY TO PAY FOR SUCH SERVICES.
SKILLED NURSING FACILITY - CONSISTS OF 86 SKILLED BEDS. THE FACILITY IS DESIGNED TO PROVIDE A HOME LIKE ATMOSPHERE TO ENSURE THAT RESIDENTS ARE COMFORTABLE IN ALL STAGES OF THEIR LIFE. THIS FACILITY ALSO CARES FOR LIFECARE RESIDENTS AND PRIVATE PAY RESIDENTS. WE ALSO PROVIDE FOR MEDICARE AND OTHER THIRD PARTY BILLING RESIDENTS. ALL LIFECARE RESIDENTS ARE GUARANTEED CARE REGARDLESS OF THEIR ABILITY TO PAY FOR SUCH SERVICES.
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 |
|---|---|---|---|
Kimberly Foster-Roguszewski President/ceo | Officer | 40 | $273,532 |
Ronald Waterman Executive Vice President | Officer | 40 | $226,260 |
Robert G Bertolette Former President/ceo | 40 | $235,013 | |
Kristen Lamanna Director Of Marketing | 40 | $155,565 | |
Christina Mcgee Director Of Nursing | 40 | $114,304 | |
Lisa Patterson Controller | 40 | $127,982 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Construction Services Group Llc Construction Upgrades And Remodels | 6/29/22 | $6,010,013 |
Select Rehabilitation Llc Rehab Services | 6/29/22 | $1,028,616 |
Sysco Llc Food Service Distribution | 6/29/22 | $401,929 |
Us Food Service - Philadelphia Food Service Distribution | 6/29/22 | $754,149 |
Grane Supply Nursing Supplies | 6/29/22 | $399,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,246 |
| Total Program Service Revenue | $31,691,449 |
| Investment income | $738,354 |
| 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 | $32,675,049 |
| 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. | $805,502 |
| Compensation of current officers, directors, key employees. | $402,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,076,332 |
| Pension plan accruals and contributions | $438,483 |
| Other employee benefits | $2,019,303 |
| Payroll taxes | $901,567 |
| Fees for services: Management | -$18,901 |
| Fees for services: Legal | -$2,613 |
| Fees for services: Accounting | $81,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,111 |
| Fees for services: Other | $10,296 |
| Advertising and promotion | $255,680 |
| Office expenses | $55,770 |
| Information technology | $295,249 |
| Royalties | $0 |
| Occupancy | $749,355 |
| Travel | $36,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,794,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,507,460 |
| Insurance | $1,140,934 |
| All other expenses | $855,542 |
| Total functional expenses | $32,320,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,726 |
| Savings and temporary cash investments | $173,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,134,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $410,084 |
| Prepaid expenses and deferred charges | $712,875 |
| Net Land, buildings, and equipment | $37,602,374 |
| Investments—publicly traded securities | $18,701,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,255,061 |
| Accounts payable and accrued expenses | $2,712,223 |
| Grants payable | $0 |
| Deferred revenue | $47,609,977 |
| Tax-exempt bond liabilities | $43,629,226 |
| 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 | $458,259 |
| Total liabilities | $94,409,685 |
| Net assets without donor restrictions | -$33,708,550 |
| Net assets with donor restrictions | $2,553,926 |
| 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 | $63,255,061 |