Otterbein Homes
- Assets
- $197.2m
- Revenue
- $73.5m
- Investments
- $2.0m
- Employees
- 1,471
- Location
- Lebanon, OH
- Founding
- 01/1946
- Data as of
- 12/2021
- EIN
- 31-0549058
Organization Overview
Otterbein Homes, operating under the name Otterbein Seniorlife, is located in Lebanon, OH. The organization was established in 1946. 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, Otterbein Seniorlife employed 1,471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otterbein Seniorlife 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, Otterbein Seniorlife generated $73.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $69.2m during the year ending 12/2021. While expenses have increased by 7.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITIES THAT PROVIDE HOUSING AND SERVICES TO ELDERS.
Describe the Organization's Program Activity:
OTTERBEIN HOMES PROVIDES MANAGEMENT AND SUPPORT SERVICES FOR ITS FIVE CONTINUING CARE RETIREMENT COMMUNITIES, NINE SMALL HOUSE NURSING HOME NEIGHBORHOODS THROUGHOUT OHIO, HOME HEALTH AGENCY AND A HOSPICE AGENCY. SOME OF THE MANAGEMENT SERVICES PROVIDED INCLUDE ADMINISTRATIVE, FINANCIAL, PURCHASING, HUMAN RESOURCES, MARKETING, AND DEVELOPMENT FOR THE RELATED TAX-EXEMPT ORGANIZATIONS. IN PROVIDING MANAGEMENT AND SUPPORT TO HOSPICE, HOME HEALTH AND ITS COMMUNITIES OF LEBANON, CRIDERSVILLE, ST. MARY'S, PORTAGE VALLEY, NORTH SHORE, FRANKLIN, SUNSET AND GRANVILLE, AND THE SMALL HOUSE NEIGHBORHOODS AT PERRYSBURG, MONCLOVA, SPRINGBORO, MIDDLETOWN, NEW ALBANY, GAHANNA, LOVELAND, UNION TOWNSHIP AND MAINEVILLE, OTTERBEIN SERVES NEARLY 4,900 PERSONS.
GENEROUS DONORS HAVE ESTABLISHED A BENEVOLENT CARE FUND WHICH OFFERS ASSISTANCE TO RESIDENTS WHO CANNOT PAY THE FULL COST OF CARE. OTTERBEIN'S RICH HERITAGE HAS EARNED US A SOLID REPUTATION AS A TRUSTED AND VALUABLE RESOURCE. BY PROVIDING INFORMATION AND SERVICES ON AGING ISSUES WE CONTINUE TO SERVE RESIDENTS, THEIR FAMILIES AND SURROUNDING COMMUNITIES. OTTERBEIN RESIDENTS AND STAFF VOLUNTEER THEIR TIME AND TALENTS AT THE OTTERBEIN CAMPUSES BUT ALSO FOR A NUMBER OF ORGANIZATIONS AND CAUSES IN THE GREATER COMMUNITY. DURING 2021, DONORS CONTRIBUTED A TOTAL OF $44,825, WHICH IS REPORTED AS CONTRIBUTION REVENUE.
THE ORGANIZATION PROVIDES NURSING CARE TO RESIDENTS UNDER THE MEDICAID PROGRAM FOR WHICH THE COSTS TO PROVIDE SUCH CARE EXCEEDS REIMBURSEMENT. THE ORGANIZATION FUNDS THIS DIFFERENCE THROUGH ITS OPERATIONS. THE SHORTFALL IS NETTED WITH PROGRAM SERVICE REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Wilson President/ceo | OfficerTrustee | 28 | $534,169 |
Jason Miller VP Of Operations | Officer | 28 | $393,110 |
James C Green Cfo/treasurer | OfficerTrustee | 28 | $352,645 |
Pamela Richmond VP Of Strategic Planning | 28 | $299,362 | |
Gary Horning Vice President - Marketing | 28 | $280,326 | |
Lois Mills VP Of Human Resources | 28 | $246,110 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Equity Construction Llc Construction Services | 12/30/21 | $6,616,547 |
Symbria Rehab Inc Therapy Services | 12/30/21 | $9,075,566 |
Inteleycare Inc Health Care Staffing | 12/30/21 | $2,256,393 |
Remidi Seniorcare Health Care Consulting | 12/30/21 | $2,237,650 |
Old Oak General Contractors Contractor | 12/30/21 | $1,071,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $47 |
| Membership dues | $0 |
| Fundraising events | $80,058 |
| Related organizations | $0 |
| Government grants | $4,522,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,868 |
| Noncash contributions included in lines 1a–1f | $11,577 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,802,898 |
| Total Program Service Revenue | $59,478,521 |
| Investment income | $2,090,667 |
| Tax Exempt Bond Proceeds | $1 |
| Royalties | $0 |
| Net Rental Income | $257,785 |
| Net Gain/Loss on Asset Sales | $6,782,082 |
| Net Income from Fundraising Events | -$1,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,479,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $11,656 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,585,507 |
| Compensation of current officers, directors, key employees. | $921,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,238,181 |
| Pension plan accruals and contributions | $771,430 |
| Other employee benefits | $2,878,567 |
| Payroll taxes | $2,077,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $382,945 |
| Fees for services: Accounting | $117,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $412,742 |
| Fees for services: Other | $14,497,245 |
| Advertising and promotion | $631,579 |
| Office expenses | $3,865,871 |
| Information technology | $910,711 |
| Royalties | $0 |
| Occupancy | $930,411 |
| Travel | $426,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,226 |
| Interest | $2,202,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,139,771 |
| Insurance | $1,121,050 |
| All other expenses | $763,195 |
| Total functional expenses | $69,166,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,245,285 |
| Savings and temporary cash investments | $157,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,247,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,891,680 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $509,017 |
| Net Land, buildings, and equipment | $81,278,502 |
| Investments—publicly traded securities | $80,834,959 |
| Investments—other securities | $1,957,555 |
| Investments—program-related | $15,334,324 |
| Intangible assets | $4,765,032 |
| Other assets | $26,178 |
| Total assets | $197,247,651 |
| Accounts payable and accrued expenses | $19,850,849 |
| Grants payable | $0 |
| Deferred revenue | $717,057 |
| Tax-exempt bond liabilities | $62,340,010 |
| Escrow or custodial account liability | $157,533 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,561,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,248,827 |
| Total liabilities | $118,876,095 |
| Net assets without donor restrictions | $66,038,162 |
| Net assets with donor restrictions | $12,333,394 |
| 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 | $197,247,651 |
Grants Awarded
Over the last fiscal year, Otterbein Homes has awarded $16,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lebanon, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Washington, DC PURPOSE: GENERAL SUPPORT / INNOVATIONS FUND / OTHER LEADINGAGE ACADEMY PROGRAMS | $6,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Otterbein Homes has recieved totaling $5,138.
| Awarding Organization | Amount |
|---|---|
John Q Miller Trust Columbus, OH PURPOSE: GENERAL SUPPORT | $5,138 |
Endowment Analysis
| Beg. Balance | $25,328,018 |
| Earnings | $2,458,619 |
| Net Contributions | $142,842 |
| Ending Balance | $27,929,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |
Concordia Lutheran Health And Human Care Cabot, PA | $105,474,184 | $66,315,819 |
Institute For Senior Living Of Florida Inc Bala Cynwyd, PA | $18,781,987 | $50,054,226 |