Mon Elder Services Inc
- Assets
- $38.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 80
- Location
- Morgantown, WV
- Founding
- 07/1997
- Data as of
- 12/2022
- 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 12/2022, Mon Elder Services Inc employed 80 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 12/2022, Mon Elder Services Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 years. 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 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Goldberg Director & Mhs CEO | OfficerTrustee | 1 | $0 |
Ed Boyle 9122 Start Chair | OfficerTrustee | 1 | $0 |
John Law CPA Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kathy Mcneill Vice Chair | OfficerTrustee | 1 | $0 |
Bobbie Conklin Director | Trustee | 1 | $0 |
Gregory Cunningham Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Veritas Contracting Inc Construction Services | 12/30/22 | $306,665 |
Cdw Government Inc It Product/services | 12/30/22 | $144,244 |
Monongahela Power Company Electric Services | 12/30/22 | $105,433 |
Devault Heating And Cooling Hvac Services | 12/30/22 | $104,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,091,698 |
| Investment income | $215,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$147,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,159,505 |
| 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 | $1,403,938 |
| Pension plan accruals and contributions | $52,771 |
| Other employee benefits | $338,397 |
| Payroll taxes | $101,561 |
| Fees for services: Management | $129,252 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,637 |
| Fees for services: Other | $85,250 |
| Advertising and promotion | $4,355 |
| Office expenses | $12,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,898 |
| Travel | $3,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522,734 |
| Insurance | $5,064 |
| All other expenses | $30,399 |
| Total functional expenses | $3,205,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,801 |
| Savings and temporary cash investments | $340,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,061 |
| 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 | $19,800,077 |
| Investments—publicly traded securities | $18,473,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,306 |
| Total assets | $38,940,579 |
| Accounts payable and accrued expenses | $472,814 |
| Grants payable | $0 |
| Deferred revenue | $1,312,448 |
| Tax-exempt bond liabilities | $8,301,864 |
| 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 | $13,049,358 |
| Total liabilities | $23,136,484 |
| Net assets without donor restrictions | $15,804,095 |
| 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 | $38,940,579 |