Cortland Acres Association Inc
- Assets
- $16.4m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 164
- Location
- Thomas, WV
- Founding
- 11/1970
- Data as of
- 12/2021
- EIN
- 23-7040648
Organization Overview
Cortland Acres Association Inc is located in Thomas, WV. The organization was established in 1970. 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 12/2021, Cortland Acres Association Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland Acres Association Inc 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 12/2021, Cortland Acres Association Inc generated $12.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING PEOPLE AGE IN HEALTHY, AFFORDABLE, AND MEANINGFUL WAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORTLAND ACRES HAS A 94 BED SKILLED NURSING FACILITY, A 24 UNIT APARTMENT COMPLEX, AND EIGHT INDEPENDENT LIVING HOMES CONSISTING OF 21 UNITS. THE NURSING HOME HAS 27,306 PATIENT DAYS IN 2021. APPROXIMATELY 77% OF THOSE SERVED QUALIFY FOR THE MEDICAID PROGRAM WHICH IS DESIGNED TO HELP PAY FOR HEALTH CARE SERVICES FOR THOSE WHO CANNOT AFFORD SERVICES WITH THEIR OWN FINANCIAL RESOURCES. CORTLAND INCURRED $35,342 OF CHARITY CARE DURING 2021. THE NEED FOR THE FACILITY HAS BEEN DEMONSTRATED BY THE AVERAGE OCCUPANCY OF OVER 90% IN THE NURSING HOME FOR THE LAST SEVERAL YEARS, AND A 80% OCCUPANCY RATE IN 2021 AND 2020. THE APARTMENT COMPLEX IS DESIGNED TO HOUSE THE ELDERLY AND/OR HANDICAPPED. RENTS ARE SUBSIDIZED THROUGH HOUSING AND URBAN DEVELOPMENT ENABLING LOW-INCOME RESIDENTS TO BE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Clevenger Administrator | 40 | $126,800 | |
Joseph Bucher Director Of Development & | 40 | $104,330 | |
Anne Mccune Physical Therapist - Direc | 40 | $101,959 | |
Deborah Berry Chief Financial Officer | 40 | $101,819 | |
Dewey Rice Treasurer | OfficerTrustee | 1 | $0 |
Sam Goughnour Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fusion Medical Staffing Llc Employee Contracting | 12/30/21 | $1,095,897 |
Odyssey Rehabilitation Rehab Service | 12/30/21 | $935,937 |
Onestaff Medical Llc Employee Contracting | 12/30/21 | $284,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,202,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,238,827 |
| Total Program Service Revenue | $11,469,163 |
| Investment income | $74,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,561 |
| 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 | $12,867,113 |
| 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. | $437,907 |
| Compensation of current officers, directors, key employees. | $278,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,219,877 |
| Pension plan accruals and contributions | $138,165 |
| Other employee benefits | $564,128 |
| Payroll taxes | $446,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,704 |
| Fees for services: Accounting | $76,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,630 |
| Fees for services: Other | $2,482,807 |
| Advertising and promotion | $69,784 |
| Office expenses | $1,149,572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $343,770 |
| Travel | $15,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,104 |
| Interest | $89,890 |
| Payments to affiliates | $28,040 |
| Depreciation, depletion, and amortization | $573,487 |
| Insurance | $305,906 |
| All other expenses | $561,756 |
| Total functional expenses | $11,560,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,657 |
| Savings and temporary cash investments | $4,949,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,292,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,574 |
| Prepaid expenses and deferred charges | $227,599 |
| Net Land, buildings, and equipment | $8,206,246 |
| Investments—publicly traded securities | $1,289,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,179 |
| Total assets | $16,395,703 |
| Accounts payable and accrued expenses | $1,216,655 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,561 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,531,889 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,163,586 |
| Total liabilities | $5,934,691 |
| Net assets without donor restrictions | $10,461,012 |
| 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 | $16,395,703 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cortland Acres Association Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Hope Love And Charity Foundation Inc Aurora, WV PURPOSE: ANNUAL DONATION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Messiah Home Mechanicsburg, PA | $178,549,269 | $51,412,413 |
Brethren Home Community New Oxford, PA | $203,107,620 | $47,521,434 |
Maple Knoll Communities Inc Cincinnati, OH | $123,123,326 | $44,611,272 |
The Mennonite Home Lancaster, PA | $196,485,253 | $48,109,566 |
Sunnyside Presbyterian Home Harrisonburg, VA | $146,625,946 | $50,868,403 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
The Village At Rockville Inc Frederick, MD | $175,992,547 | $34,000,172 |
Landis Homes Retirement Community Lititz, PA | $172,325,737 | $44,637,724 |
Asbury Inc Frederick, MD | $80,704,465 | $39,927,876 |
Otterbein Lebanon Lebanon, OH | $186,378,501 | $44,867,411 |
Meadowood Corporation Worcester, PA | $160,208,688 | $42,941,264 |
Williamsburg Landing Inc Williamsburg, VA | $188,766,508 | $45,342,775 |