Mon Elder Services Inc
- Assets
- $35.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 82
- Location
- Morgantown, WV
- Founding
- 07/1997
- Data as of
- 06/2021
- EIN
- 31-1520863
Organization Overview
Mon Elder Services Inc is located in Morgantown, WV. The organization was established in 1997. 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 06/2021, Mon Elder Services Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mon Elder Services 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 06/2021, Mon Elder Services Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 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
TO BE THE SENIOR LIVING COMMUNITY OF CHOICE IN MONONGALIA COUNTY. THE RESPECT, TRUST AND FRIENDSHIP OF OUR RESIDENTS WILL BE EARNED EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING CARE RETIREMENT VILLAGE CONSISTING OF 90 INDEPENDENT LIVING APARTMENTS, 40 ASSISTED LIVING UNITS, AND COMMON SUPPORT AREAS ON 11 ACRES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Goldberg President/ceo | OfficerTrustee | 1 | $0 |
Ron Stovash Chair | OfficerTrustee | 1 | $0 |
Edward P Boyle II Vice Chair | OfficerTrustee | 1 | $0 |
John Law Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lisa Simon CPA VP Finance/cfo | Officer | 1 | $0 |
Susan Capelle MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Callen Construction Construction | 6/29/20 | $346,817 |
Veritas Construction | 6/29/20 | $586,224 |
Veritas Construction | 6/29/20 | $586,224 |
Michael Callen Construction Construction | 6/29/20 | $346,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $560,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,916 |
| Total Program Service Revenue | $6,187,830 |
| Investment income | $385,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $227,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,362,808 |
| 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 | $2,440,032 |
| Pension plan accruals and contributions | $52,071 |
| Other employee benefits | $649,790 |
| Payroll taxes | $175,253 |
| Fees for services: Management | $266,363 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,840 |
| Fees for services: Other | $211,117 |
| Advertising and promotion | $89,547 |
| Office expenses | $36,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $315,344 |
| Travel | $7,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $582,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $955,751 |
| Insurance | $0 |
| All other expenses | $7,738 |
| Total functional expenses | $6,194,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,946 |
| Savings and temporary cash investments | $1,446,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,302 |
| Prepaid expenses and deferred charges | $19,032 |
| Net Land, buildings, and equipment | $12,750,934 |
| Investments—publicly traded securities | $21,055,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,665 |
| Total assets | $35,632,091 |
| Accounts payable and accrued expenses | $732,303 |
| Grants payable | $0 |
| Deferred revenue | $795,173 |
| Tax-exempt bond liabilities | $8,524,786 |
| 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 | $13,723,395 |
| Total liabilities | $23,775,657 |
| Net assets without donor restrictions | $11,856,434 |
| 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 | $35,632,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Homewood At Williamsport Md Inc Williamsport, MD | $33,819,654 | $18,842,651 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Manor Care Of Tacoma Wa Association Toledo, OH | $1,605,997 | $12,220,932 |
Concordia Of Ohio Copley, OH | $66,868,178 | $15,913,038 |