Fairmount Long Term Care

Organization Overview

Fairmount Long Term Care is located in Philadelphia, PA. The organization was established in 1994. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Fairmount Long Term Care employed 355 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmount Long Term Care 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, Fairmount Long Term Care generated $29.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $32.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FAIRMOUNT LONG TERM CARE (FLTC), OPERATES THE PHILADELPHIA NURSING HOME ON BEHALF OF THE CITY OF PHILADELPHIA. FLTC PROVIDES NURSING HOME SERVICES PRIMARILY TO INDIGENT RESIDENTS OF PHILADELPHIA. LICENSED AS A 402-BED LONG-TERM CARE FACILITY, 98.6% OF THE RESIDENTS OF THE NURSING HOME ARE COVERED BY THE MEDICAL ASSISTANCE PROGRAM (MEDICAID) OR MEDICARE. IN FISCAL YEAR 2022 THE NURSING HOME PROVIDED SERVICES TO 376 INDIVIDUALS PROVIDING 96,568 DAYS OF NURSING HOME CARE. SERVICES THAT FLTC PROVIDES ITS RESIDENTS INCLUDE, DAILY ROUTINE NURSING CARE, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY, RECREATIONAL THERAPY, ROUTINE PHYSICIAN SERVICES, SPECIALTY PHYSICIAN SERVICES, AND MENTAL HEALTH SERVICES. MOST OF THE RESIDENTS AT FLTC HAVE VERY COMPLEX PSYCHOSOCIAL HISTORIES. MANY ARE HERE WITH MEDICAL PROBLEMS DIRECTLY RELATED TO SUBSTANCE ABUSE AND/OR VIOLENCE, AND MANY HAVE VERY LITTLE SOCIAL SUPPORTS IN THEIR LIVES. THE GOAL IS TO PROVIDE COMPREHENSIVE CARE AND SERVICES TO ENSURE

Describe the Organization's Program Activity:

Part 3 - Line 4a

FLTC PROVIDED LONG-TERM CARE SERVICES TO APPROXIMATELY 375 RESIDENTS DURING THE PAST YEAR. THE TOTAL DAYS OF CARE PROVIDED WERE 96,568 DAYS. GOVERNMENT PROGRAMS SUBSIDIZED THE COST OF CARE FOR ALMOST ALL OF THESE DAYS. ONLY A SMALL PORTION OF THE COST FOR CARE IS PAID FOR BY PRIVATE INDIVIDUALS. MEDICAID DAYS TOTAL 5,859 - 6.1% MEDICAID SUBS MANAGED CARE 87,016 - 90.1%MEDICARE DAYS TOTAL 1,452 - 1.5%MEDICARE SUBS MANAGED CARE 877 - 0.9%PRIVATE PAY DAYS TOTAL 1364 - 1.4% --------------TOTAL 96,568


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Board, Officers & Key Employees

Name (title)Compensation
Marie Julia Florescio
Rnac/rn
$268,222
Ethel P Materdo
Registered Nurse
$225,454
Dr Dennis Eneanya To 51022
Trustee
$78,458
Eden Yola
Rn
$191,220
Ope Oduwaiye
Rn Supervisor
$183,261
Juliet Sonnoh
Lpn
$180,255

Outside Vendors & Contractors

Vendor Name (Service)Compensation
M&a Health Services
Nursing Agency
$2,230,149
Prn Consultants Ii
Nursing Agency
$770,194
Poplar Medical Group
Medical Professional Serv
$568,563
Allied Universal
Security Services
$500,625
Premier Therapy Services
Rehabilitation Services
$713,311
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,476,072
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,476,072
Total Program Service Revenue$23,280,835
Investment income -$215,150
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 $29,541,757

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