Newcourtland Elder Service
- Assets
- $120.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Philadelphia, PA
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 23-2734102
Organization Overview
Newcourtland Elder Service is located in Philadelphia, PA. The organization was established in 1997. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Newcourtland Elder Service employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newcourtland Elder Service 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, Newcourtland Elder Service generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $13.6m during the year ending 06/2022. While expenses have increased by 6.6% 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
ACCELERATE ACCESS TO COORDINATED HEALTH, HOUSING AND SOCIAL SERVICES FOR UNDERSERVED POPULATIONS. THIS IS ACHIEVED THROUGH ONGOING DEVELOPMENT OF WELL TRAINED AND VALUED STAFF, INVESTMENT IN INNOVATIVE SOLUTIONS, AND COLLABORATIONS TO BUILD TRUST IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES MANAGEMENT, ADMINISTRATIVE AND FINANCIAL SERVICES TO ORGANIZATIONS THAT CARE FOR THE ELDERLY, HOMELESS AND VETERANS THROUGH A NURSING HOME, ASSISTED AND INDEPENDENT LIVING FACILITIES, SKILLED NURSING CARE AND OTHER ELDER CARE ORGANIZATIONS. AS OF JUNE 30, 2022 NEWCOURTLAND IS THE SUPPORTING ORGANIZATION FOR 18 AFFILIATES THAT PROVIDE SERVICES AND HOUSING TO THE ELDERLY IN PHILADELPHIA.
NEWCOURTLAND ISSUED A GRANT PAYABLE TO HOLY FAMILY UNIVERSITY.
NEWCOURTLAND FUNDED THE REHABILITATION OF THE MIRIAM CLINIC ON TASKER STREET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Duffey Chairman Of The Board | OfficerTrustee | 39 | $363,405 |
Michael Demarco CFO | Officer | 39 | $248,761 |
Pamela Howard VP Health Services | Trustee | 1 | $0 |
Robert Kent VP Operations & Plans | OfficerTrustee | 39 | $229,616 |
Paul Funaro VP Utilization Management | Officer | 39 | $210,905 |
Kevin Stewart Director Of It | 35 | $159,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'dell Studner Group Insurance Broker | 6/29/22 | $1,188,514 |
Zenith Insurance Company Workers Compensation | 6/29/22 | $322,609 |
Veritas Health Systems Inc Executive Management | 6/29/22 | $240,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,557,142 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,586,297 |
| Total Program Service Revenue | $1,748,804 |
| Investment income | $1,060,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,527,418 |
| 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 | $9,958,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,633 |
| 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. | $1,052,687 |
| Compensation of current officers, directors, key employees. | $1,052,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,914,217 |
| Pension plan accruals and contributions | $289,033 |
| Other employee benefits | $689,193 |
| Payroll taxes | $269,340 |
| Fees for services: Management | $2,402,570 |
| Fees for services: Legal | $62,599 |
| Fees for services: Accounting | $114,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $255,274 |
| Office expenses | $56,567 |
| Information technology | $432,022 |
| Royalties | $0 |
| Occupancy | $2,213,930 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,935 |
| Interest | $931,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $476,614 |
| Insurance | $117,703 |
| All other expenses | $0 |
| Total functional expenses | $13,551,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,797,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,972,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,379,673 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $157,072 |
| Net Land, buildings, and equipment | $14,423,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,639,304 |
| Intangible assets | $0 |
| Other assets | $50,171,376 |
| Total assets | $120,540,069 |
| Accounts payable and accrued expenses | $2,931,169 |
| Grants payable | $2,397,698 |
| 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 | $107,544,160 |
| Other liabilities | $5,960,200 |
| Total liabilities | $118,833,227 |
| Net assets without donor restrictions | $1,706,842 |
| 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 | $120,540,069 |
Grants Awarded
Over the last fiscal year, Newcourtland Elder Service has awarded $187,633 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MIRIAM MEDICAL CLINIC PURPOSE: To rehab the new Miriam Medical Clinic at 2006 Tasker Street | $154,093 |
HOLY FAMILY UNIVERSITY PURPOSE: NewCourtland paid a grant to Holy Family Universiy | $33,540 |