Canterbury Place
- Assets
- $36.1m
- Revenue
- $12.9m
- Investments
- $3.7m
- Employees
- 230
- Location
- Pittsburgh, PA
- Founding
- 02/1947
- Data as of
- 12/2022
- EIN
- 25-0965334
Organization Overview
Canterbury Place is located in Pittsburgh, PA. The organization was established in 1947. 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, Canterbury Place employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canterbury Place 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, Canterbury Place 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 3.3% each year. All expenses for the organization totaled $18.8m during the year ending 12/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SKILLED NURSING, LONG TERM AND PERSONAL CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANTERBURY PLACE IS A PROVIDER OF RESIDENTIAL, PERSONAL CARE AND SKILLED NURSING CARE. THE FACILITY PROVIDES CARE FOR ALL WHO REQUIRE SUCH SERVICES, REGARDLESS OF AGE OR ABILITY TO PAY. (SEE SCHEDULE O FOR DETAILED EXPLANATION.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah S Brodine Vice Chair | OfficerTrustee | 1 | $0 |
Bryant Wesley ESQ Secretary | Officer | 1 | $0 |
Mark Bondi President | Officer | 1 | $0 |
David A Nace MD Director | Trustee | 1 | $0 |
William Nigro Treasurer | Officer | 1 | $0 |
Rose Umenwa Nursing Resource Coord | 40 | $189,420 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Core Network Llc Rehab Services | 12/30/22 | $626,154 |
Rx Partners Inc Drugs | 12/30/22 | $545,278 |
Seneca Place Management Services | 12/30/22 | $433,832 |
Quest Diagnostics Lab Services | 12/30/22 | $309,794 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $955,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,155,737 |
| Total Program Service Revenue | $11,491,646 |
| Investment income | $176,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,916,633 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,396,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,567,072 |
| Payroll taxes | $450,724 |
| Fees for services: Management | $433,832 |
| Fees for services: Legal | $59,412 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,672 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,368,875 |
| Office expenses | $128,771 |
| Information technology | $93,103 |
| Royalties | $0 |
| Occupancy | $681,882 |
| Travel | $4,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,377,557 |
| Insurance | $57,850 |
| All other expenses | $1,356,908 |
| Total functional expenses | $18,760,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,689,172 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,619,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,848,707 |
| Investments—publicly traded securities | $5,010,698 |
| Investments—other securities | $3,673,353 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,278,972 |
| Total assets | $36,146,343 |
| Accounts payable and accrued expenses | $883,242 |
| 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 | $76,606,352 |
| Total liabilities | $77,489,594 |
| Net assets without donor restrictions | -$49,622,224 |
| Net assets with donor restrictions | $8,278,973 |
| 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 | $36,146,343 |