Garden Spot Village
- Assets
- $179.8m
- Revenue
- $47.5m
- Investments
- $0.0
- Employees
- 571
- Location
- New Holland, PA
- Founding
- 09/1991
- Data as of
- 06/2023
- EIN
- 23-2640814
Organization Overview
Garden Spot Village is located in New Holland, PA. The organization was established in 1991. 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 06/2023, Garden Spot Village employed 571 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Spot 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 06/2023, Garden Spot Village generated $47.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $45.6m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 8 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.
Since 2015, Garden Spot Village has awarded 14 individual grants totaling $7,975,894. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A SKILLED NURSING, INDEPENDENT & ASSISTED LIVING FACILITY. PROVIDE AT-HOME HEALTH SVCS.
Describe the Organization's Program Activity:
PROVIDED RESIDENTIAL COTTAGE AND APARTMENT LIVING FACILITIES FOR AN AVERAGE DAILY CENSUS OF OVER 900 INDIVIDUALS. PROVIDED SKILLED NURSING CARE IN 4 HOUSEHOLDS THAT ARE DUALLY CERTIFIED FOR MEDICARE AND MEDICAID, WITH A TOTAL OF 73 BEDS. OVER $975,000 OF CHARITY CARE WAS PROVIDED. THE PERSONAL CARE AND MEMORY SUPPORT UNITS OPERATED WITH AN AVERAGE DAILY CENSUS OF 95 AND PROVIDED UNCOMPENSATED CARE TO 6 INDIVIDUALS AT A COST EXCEEDING $325,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Goss Chair | OfficerTrustee | 1 | $0 |
Joyce Hoover Vice Chair | OfficerTrustee | 1 | $0 |
Karen Musser Secretary | OfficerTrustee | 1 | $0 |
Timothy Bender Treasurer | OfficerTrustee | 1 | $0 |
Alphaus Stoltzfus Director | Trustee | 1 | $0 |
Donald Aldrich Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covenant Alliance Rehab East Phys, Occu & Speech Therapy | 6/29/23 | $641,568 |
D Smith Painting Painting | 6/29/23 | $121,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,271 |
| Related organizations | $0 |
| Government grants | $114,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $756,289 |
| Total Program Service Revenue | $44,645,629 |
| Investment income | $1,129,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $909,055 |
| Net Gain/Loss on Asset Sales | -$403,971 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,189 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,513,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $920,992 |
| 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 | $13,987,866 |
| Pension plan accruals and contributions | $380,298 |
| Other employee benefits | $1,818,722 |
| Payroll taxes | $1,030,366 |
| Fees for services: Management | $3,207,796 |
| Fees for services: Legal | $22,208 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $30,464 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,647 |
| Fees for services: Other | $3,167,795 |
| Advertising and promotion | $373,116 |
| Office expenses | $369,889 |
| Information technology | $1,390,442 |
| Royalties | $0 |
| Occupancy | $2,718,186 |
| Travel | $107,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,041,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,859,401 |
| Insurance | $553,478 |
| All other expenses | $1,182,563 |
| Total functional expenses | $45,599,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,792,525 |
| Savings and temporary cash investments | $5,625,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,122,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $125,361 |
| Prepaid expenses and deferred charges | $1,217,305 |
| Net Land, buildings, and equipment | $126,346,286 |
| Investments—publicly traded securities | $32,752,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,798,091 |
| Total assets | $179,779,413 |
| Accounts payable and accrued expenses | $3,944,928 |
| Grants payable | $0 |
| Deferred revenue | $78,476,982 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,044,846 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,044,445 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,062,202 |
| Total liabilities | $148,573,403 |
| Net assets without donor restrictions | $30,908,540 |
| Net assets with donor restrictions | $297,470 |
| 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 | $179,779,413 |
Grants Awarded
Over the last fiscal year, Garden Spot Village has awarded $920,992 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GARDEN SPOT FIRE COMPANY PURPOSE: PROVIDE FUNDS FOR FIRE PROTECTION. | $22,500 |
GARDEN SPOT VILLAGE OF AKRON PURPOSE: PROVIDE FUNDS FOR GENERAL USE | $898,492 |