Silver Lake Center Inc
- Assets
- $125.2k
- Revenue
- -$616.5k
- Investments
- $0.0
- Employees
- 148
- Location
- Bala Cynwyd, PA
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 26-3411635
Organization Overview
Silver Lake Center Inc is located in Bala Cynwyd, PA. The organization was established in 2011. 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 12/2021, Silver Lake Center Inc employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Lake Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE NURSING HOMES, PROVIDE HOUSING, AND DEVELOP MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A SKILLED NURSING FACILITY, WITH A CAPACITY OF 174 BEDS, DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND SHORT AND LONG TERM NURSING AND MEDICAL CARE OF PATIENTS AND RESIDENTS. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED ENVIRONMENT. DURING THE CURRENT YEAR, THERE WERE 8,175 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Oliver Director | Trustee | 2 | $2,000 |
Howard Jaffe Chairman | OfficerTrustee | 2 | $1,982 |
Bruce Hall Director | Trustee | 2 | $0 |
John Seal Director | Trustee | 2 | $0 |
Adrienne Schmollinger Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Services Group Inc Environmental Services | 12/30/20 | $1,924,542 |
Fortuna Health Services Consulting Services | 12/30/20 | $609,100 |
Kane Financial Services Consulting Services | 12/30/20 | $410,808 |
Select Rehabilitation Inc Therapy Services | 12/30/20 | $1,323,722 |
Pharmerica Pharmacy Services | 12/30/20 | $253,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $308,423 |
| 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 | $308,423 |
| Total Program Service Revenue | $2,627,598 |
| Investment income | $1,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,554,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$616,454 |
| 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. | $4,518 |
| Compensation of current officers, directors, key employees. | $4,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $400,437 |
| Payroll taxes | $112,143 |
| Fees for services: Management | $51,086 |
| Fees for services: Legal | $77,420 |
| Fees for services: Accounting | $47,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,285 |
| Advertising and promotion | $2,174 |
| Office expenses | $38,082 |
| Information technology | $13,711 |
| Royalties | $0 |
| Occupancy | $1,048,480 |
| Travel | $24,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,738 |
| Insurance | $342,948 |
| All other expenses | $840 |
| Total functional expenses | $3,810,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,204 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,204 |
| Accounts payable and accrued expenses | $516,214 |
| Grants payable | $0 |
| Deferred revenue | $1,262,660 |
| 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 | $72,668 |
| Total liabilities | $1,851,542 |
| Net assets without donor restrictions | -$1,726,338 |
| 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 | $125,204 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silver Lake Center Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: TO CAPITALIZE AND SUPPORT OPERATIONS | | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
American Health Foundation Inc Dublin, OH | $18,460,178 | $15,917,114 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
Harrogate Incorporated Lakewood, NJ | $32,163,275 | $19,988,142 |
West Side Deutscher Frauen Verein Strongsville, OH | $52,788,164 | $24,260,766 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |