Millcreek Manor
- Assets
- $102.9m
- Revenue
- $35.3m
- Investments
- $1.6m
- Employees
- 808
- Location
- Erie, PA
- Founding
- 05/1991
- Data as of
- 06/2022
- EIN
- 25-1619204
Organization Overview
Millcreek Manor, operating under the name Lecom Senior Living Center, is located in Erie, PA. The organization was established in 1991. 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, Lecom Senior Living Center employed 808 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lecom Senior Living Center 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, Lecom Senior Living Center generated $35.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $41.7m during the year ending 06/2022. While expenses have increased by 10.4% 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
TO PROVIDE LONG TERM MEDICAL CARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LECOM SENIOR LIVING CENTER CONSISTS OF A 144 BED SKILLED NURSING CENTER, LECOM AT VILLAGE SQUARE WHICH IS A 110-BED SHILLED NURSING FACILITY, AS WELL AS THREE INDEPENDENT LIVING AND PERSONAL CARE SITES AS FOLLOWS: REGENCY AT SOUTH SHORE IN ERIE (115 APARTMENTS), PARKSIDE AT NORTH EAST (72 APARTMENTS), PARKSIDE AT WESTMINSTER IN MILLCREEK (77 APARTMENTS), AND PARKSIDE AT CORRY (39 APARTMENTS). LECOM SENIOR LIVING STRIVES TO CREATE A HEALTHY AND PROACTIVE ENVIRONMENT THAT VALUES KEEPING OLDER ADULTS INDEPENDENT IN THEIR DECISIONS THOUGH EACH PART OF THE CONTINUUM OF CARE. LECOM HEALTH IS CONTINUING TO EMBRACE ITS COMMITMENT TO PROVIDE HIGH-QUALITY, ETHICAL AND EMPATHETIC RESIDENT CENTERED CARE TO SERVE THE NEEDS OF A DIVERSE POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Ferretti DO President | OfficerTrustee | 4 | $0 |
Richard P Olinger Treasurer | OfficerTrustee | 1 | $0 |
Mary L Eckert Secretary | OfficerTrustee | 1 | $0 |
Silvia M Ferretti DO Trustee | Trustee | 1 | $0 |
Vincent S Fierro Jr DO Trustee | Trustee | 1 | $0 |
Esther J Fucci Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health 110 Llc Pharmacy Services | 6/29/22 | $2,047,597 |
Jpi Development Partners Llc Development And Design Services | 6/29/22 | $1,706,960 |
Us Foodservice Inc Food Services | 6/29/22 | $755,536 |
Eat'n Park Hospitality Group Food Services | 6/29/22 | $684,771 |
Building Systems Inc General Contractor | 6/29/22 | $445,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,811,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,864,049 |
| Total Program Service Revenue | $31,538,103 |
| Investment income | $68,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,370 |
| Net Gain/Loss on Asset Sales | -$2,974,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,305,820 |
| 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 | $19,310,512 |
| Pension plan accruals and contributions | $536,337 |
| Other employee benefits | $3,533,153 |
| Payroll taxes | $1,439,383 |
| Fees for services: Management | $38,385 |
| Fees for services: Legal | $82,996 |
| Fees for services: Accounting | $38,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,962,721 |
| Advertising and promotion | $145,263 |
| Office expenses | $2,199,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,549,275 |
| Travel | $143,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,878,429 |
| Insurance | $692,752 |
| All other expenses | $140,571 |
| Total functional expenses | $41,721,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,060,011 |
| Savings and temporary cash investments | $4,644,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,218,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $321,066 |
| Prepaid expenses and deferred charges | $916,804 |
| Net Land, buildings, and equipment | $70,242,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,575,000 |
| Investments—program-related | $0 |
| Intangible assets | $17,315,468 |
| Other assets | $571,212 |
| Total assets | $102,865,417 |
| Accounts payable and accrued expenses | $7,468,322 |
| 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 | $587,157 |
| Total liabilities | $8,055,479 |
| Net assets without donor restrictions | $94,809,938 |
| 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 | $102,865,417 |