Otterbein Portage Valley Inc
- Assets
- $41.3m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 330
- Location
- Pemberville, OH
- Founding
- 09/1976
- Data as of
- 12/2022
- EIN
- 34-1193296
Organization Overview
Otterbein Portage Valley Inc is located in Pemberville, OH. The organization was established in 1976. 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 12/2022, Otterbein Portage Valley Inc employed 330 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otterbein Portage Valley 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, Otterbein Portage Valley Inc generated $12.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $14.6m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES HOUSING AND SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTTERBEIN PORTAGE VALLEY, INC. PROVIDES A CONTINUUM OF CARE INCLUDINGINDEPENDENT LIVING, ASSISTED LIVING, NURSING CARE, AND DEMENTIA CARE.REHABILITATION, SOCIAL SERVICES AND CHAPLAINCY SERVICES ARE AVAILABLETO ALL RESIDENTS.LOCAL GROUPS SUCH AS THE VETERANS, CHURCH CIRCLES, COMMUNITY CIVICGROUPS AND A HOST OF OTHERS USE OTTERBEIN AS A MEETING PLACE. INADDITION OTTERBEIN PROVIDES SPECIAL PROGRAMS AND EVENTS FOR THECOMMUNITY ON AN ONGOING BASIS.
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 THE SURROUNDING COMMUNITIES. OTTERBEIN RESIDENTS AND STAFF VOLUNTEER THEIR TIME AND TALENTS AT OTTERBEIN PORTAGE VALLEY RETIREMENT LIVING COMMUNITY BUT ALSO FOR A NUMBER OF ORGANIZATIONS AND CAUSES IN THE GREATER COMMUNITY.
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 | 2 | $0 |
James C Green Cfo/treasurer | OfficerTrustee | 2 | $0 |
Marilyn Bowlus Secretary | OfficerTrustee | 1 | $0 |
Dylan Clement Director | Trustee | 1 | $0 |
Marcia Cousino Director | Trustee | 1 | $0 |
Sue Donaldson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $314,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,688 |
| Total Program Service Revenue | $12,278,864 |
| Investment income | $236,778 |
| Tax Exempt Bond Proceeds | $4 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$771,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,871 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,391,067 |
| 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. | $145,024 |
| Compensation of current officers, directors, key employees. | $145,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,831,854 |
| Pension plan accruals and contributions | $274,512 |
| Other employee benefits | $558,259 |
| Payroll taxes | $291,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,799 |
| Fees for services: Accounting | $9,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,581 |
| Fees for services: Other | $2,664,465 |
| Advertising and promotion | $402,993 |
| Office expenses | $1,341,085 |
| Information technology | $122,373 |
| Royalties | $0 |
| Occupancy | $1,042,872 |
| Travel | $27,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $365,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,494,051 |
| Insurance | $196,977 |
| All other expenses | $102,475 |
| Total functional expenses | $14,603,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,029 |
| Prepaid expenses and deferred charges | $68,335 |
| Net Land, buildings, and equipment | $25,687,189 |
| Investments—publicly traded securities | $14,864,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,000 |
| Other assets | $0 |
| Total assets | $41,324,151 |
| Accounts payable and accrued expenses | $1,309,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,162,447 |
| Escrow or custodial account liability | $28,067 |
| 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 | $12,869,918 |
| Total liabilities | $27,369,951 |
| Net assets without donor restrictions | $13,573,048 |
| Net assets with donor restrictions | $381,152 |
| 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 | $41,324,151 |