Simpson Senior Services
- Assets
- $15.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Bala Cynwyd, PA
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 23-2948991
Organization Overview
Simpson Senior Services is located in Bala Cynwyd, PA. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Simpson Senior Services employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson Senior Services 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 12/2022, Simpson Senior Services generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 6.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGING AFFILIATES THAT PROVIDE RESIDENCE AND NURSING CARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
SIMPSON SENIOR SERVICES IS A NONPROFIT ORGANIZATION WHICH DEVELOPS AND MANAGES CAMPUS COMMUNITIES FOR SENIOR ADULTS. ON AN EQUAL OPPORTUNITY BASIS, EACH COMMUNITY STRIVES TO DELIVER THE HIGHEST QUALITY OF SERVICE WITH A SENSE OF WARMTH, FRIENDLINESS, INDIVIDUAL PRIDE, AND INTEGRITY. THE COMMUNITIES INCLUDE: SIMPSON HOUSE, SIMPSON MEADOWS, JENNER'S POND, SIMPSON MID-TOWN, AND SIMPSON GARDENS. ACCOMMODATIONS AND CARE VARY DEPENDING UPON THE CAMPUS AND MAY INCLUDE INDEPENDENT LIVING COTTAGES AND APARTMENTS, ASSISTED LIVING, PERSONAL CARE, SKILLED NURSING, AS WELL AS SUBSIDIZED HOUSING FOR MODERATE TO LOW-INCOME SENIORS. CONTINUED ON SCHEDULE O.AVAILABLE SERVICES ALSO VARY DEPENDING UPON THE CAMPUS AND MAY INCLUDE DINING SERVICES, HOUSEKEEPING, LAUNDRY, TRANSPORTATION, AS WELL AS ACTIVITIES SUCH AS: EXERCISE CLASSES, MUSICAL PROGRAMS AND PERFORMANCES, DAY AND OVERNIGHT TRIPS, HEALTH AND WELLNESS PROGRAMS, AND HAND ARTS. THE COMMUNITIES AND CAMPUSES OF SIMPSON SENIOR SERVICES ARE COMMITTED TO THE BETTERMENT OF RESIDENTS, STAFF, AND THE COMMUNITIES AT LARGE AND OFFER RESIDENTS AND STAFF OPPORTUNITIES FOR PERSONAL GROWTH AND SPIRITUAL ENRICHMENT. EACH CAMPUS BENEFITS FROM THE COMMITMENT AND SERVICE OF COMMUNITY AND RESIDENT VOLUNTEERS. THE COMMUNITIES STRIVE TO PROVIDE SERVICES AND CARE TO RESIDENTS EVEN IF THEY OUTLIVE THEIR FINANCIAL RESOURCES. THE COMMUNITIES OFFER TUITION ASSISTANCE TO ELIGIBLE EMPLOYEES IN SUPPORT OF CONTINUING EDUCATION, PROVIDE WORK SITES FOR CLINICAL AND HANDS-ON EDUCATION AND TRAINING, MAKE SPACE AVAILABLE FOR COMMUNITY ORGANIZATIONS AND GROUPS, PROMOTE STAFF AND RESIDENT VOLUNTEERISM IN THE COMMUNITY, AND MAKE CONTRIBUTIONS TO LOCAL COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Mckinley President/ceo | OfficerTrustee | 35 | $0 |
Rev James D Anderman Chair | OfficerTrustee | 1 | $0 |
Michelle Gollapalli Vice Chair | OfficerTrustee | 1 | $0 |
Brad Daggett Secretary | OfficerTrustee | 1 | $0 |
Rick Hellberg Treasurer | OfficerTrustee | 1 | $0 |
Meredith Okenquist Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coretelligent Llc It Tech Services | 12/30/22 | $401,919 |
Synergi Partners Inc Consulting Services | 12/30/22 | $250,175 |
Servicemark Telecom It Tech Services | 12/30/22 | $146,383 |
The Lancaster Group Llc Consulting Services | 12/30/22 | $141,794 |
Hartman Executive Advisors It Tech Services | 12/30/22 | $136,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,990 |
| Total Program Service Revenue | $4,400,323 |
| Investment income | $33,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,614,783 |
| 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. | $1,026,725 |
| Compensation of current officers, directors, key employees. | $1,026,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,897,898 |
| Pension plan accruals and contributions | $54,402 |
| Other employee benefits | $116,042 |
| Payroll taxes | $207,023 |
| Fees for services: Management | $13,665 |
| Fees for services: Legal | $64,330 |
| Fees for services: Accounting | $46,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,747 |
| Fees for services: Other | $474,234 |
| Advertising and promotion | $189 |
| Office expenses | $46,402 |
| Information technology | $245,819 |
| Royalties | $0 |
| Occupancy | $146,120 |
| Travel | $48,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,534 |
| Insurance | $10,967 |
| All other expenses | $1,237 |
| Total functional expenses | $4,667,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,815 |
| Net Land, buildings, and equipment | $499,063 |
| Investments—publicly traded securities | $5,419,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,418,762 |
| Total assets | $15,537,368 |
| Accounts payable and accrued expenses | $416,300 |
| 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 | $8,007,516 |
| Total liabilities | $8,423,816 |
| Net assets without donor restrictions | $7,063,552 |
| Net assets with donor restrictions | $50,000 |
| 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 | $15,537,368 |