Mansfield Memorial Homes Inc
- Assets
- $5.8m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 137
- Location
- Mansfield, OH
- Founding
- 12/1975
- Data as of
- 12/2021
- EIN
- 34-0865526
Organization Overview
Mansfield Memorial Homes Inc is located in Mansfield, OH. The organization was established in 1975. 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, Mansfield Memorial Homes Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mansfield Memorial Homes 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 12/2021, Mansfield Memorial Homes Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING AND MAINTAINING A HOME OR OTHERWISE PROVIDING FOR ELDERLY AND/OR INDIGENT MEN AND WOMEN, AND ACQUIRING BY PURCHASE, LEASE OR OTHERWISE THE REAL PROPERTY NECESSARY OR CONVENIENT THEREFORE; CONSTRUCTING, IMPROVING, AND MAINTAINING BUILDINGS THEREON; RECEIVING, HOLDING, INVESTING, AND DISBURSING GIFTS, BEQUESTS, AND OTHER FUNDS; AND DOING ANY AND ALL THINGS NECESSARY AND INCIDENT THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GERIATRIC CENTER IS AN 84 BED SKILLED NURSING FACILITY, CERTIFIED FOR MEDICARE AND MEDICAID, SPECIALIZING IN REHABILITATION PROGRAMS DESIGNED TO RETURN PATIENTS TO INDEPENDENT LIVING.
CONARD HOUSE IS AN ASSISTED LIVING COMPLEX WITH 25 LICENSED BEDS.
ROBERT STURGES MEMORIAL HOME IS A 50 UNIT APARTMENT BUILDING DESIGNED FOR ELDERLY AND HANDICAPPED PERSONS. ASSISTANCE IS AVAILABLE TO THOSE WHO QUALIFY UNDER HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles Parsons CEO | Officer | 30 | $148,335 |
Brian Joyce President | OfficerTrustee | 0 | $0 |
John J Kastelic Treas/secretary | OfficerTrustee | 0 | $0 |
Jeff Payton Vice President | OfficerTrustee | 0 | $0 |
Lydia J Reid Trustee | Trustee | 0 | $0 |
Kim Foster Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Absolute Pharmacy Inc Pharmaceuticals | 12/30/20 | $0 |
Blue Sky Therapy Therapy Services | 12/30/20 | $0 |
Blue Sky Therapy Therapy Services | 12/30/20 | $0 |
Absolute Pharmacy Inc Pharmaceuticals | 12/30/20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,107,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,134,323 |
| Total Program Service Revenue | $4,242,313 |
| Investment income | $62,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,783 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,465,066 |
| 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. | $148,335 |
| Compensation of current officers, directors, key employees. | $148,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,400,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $478,718 |
| Payroll taxes | $231,344 |
| Fees for services: Management | $208,901 |
| Fees for services: Legal | $8,938 |
| Fees for services: Accounting | $28,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,059 |
| Fees for services: Other | $433,691 |
| Advertising and promotion | $18,133 |
| Office expenses | $34,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,785 |
| Travel | $5,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,097 |
| Interest | $146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,871 |
| Insurance | $206,840 |
| All other expenses | $470,028 |
| Total functional expenses | $6,109,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,602,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $481,855 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,782 |
| Net Land, buildings, and equipment | $2,493,641 |
| Investments—publicly traded securities | $822,849 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,476 |
| Total assets | $5,766,283 |
| Accounts payable and accrued expenses | $789,061 |
| Grants payable | $0 |
| Deferred revenue | $11,056 |
| 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 | $53,477 |
| Total liabilities | $853,594 |
| Net assets without donor restrictions | $4,912,689 |
| 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 | $5,766,283 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mansfield Memorial Homes Inc has recieved totaling $6,403.
| Awarding Organization | Amount |
|---|---|
Richland County Foundation Of Mansfield Mansfield, OH PURPOSE: GENERAL SUPPORT | $6,403 |
Endowment Analysis
| Beg. Balance | $2,446,661 |
| Earnings | $62,204 |
| Admin Expense | $7,059 |
| Net Contributions | $269,991 |
| Ending Balance | $2,771,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
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 |
Michigan Christian Home Grand Rapids, MI | $105,314,138 | $18,661,362 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
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 |
Garvey Manor Nursing Home Hollidaysburg, PA | $30,215,227 | $18,421,256 |
Presbyterian Village East Chesterfield Twp, MI | $23,144,610 | $18,364,022 |
Brethren Care Inc Ashland, OH | $33,039,248 | $18,821,544 |