Lima Convalescent Home Foundation Inc
- Assets
- $13.6m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 187
- Location
- Lima, OH
- Founding
- 04/1959
- Data as of
- 09/2021
- EIN
- 34-4473976
Organization Overview
Lima Convalescent Home Foundation Inc is located in Lima, OH. The organization was established in 1959. 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 09/2021, Lima Convalescent Home Foundation Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lima Convalescent Home Foundation 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 09/2021, Lima Convalescent Home Foundation Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.8m during the year ending 09/2021. While expenses have increased by 5.2% 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 PROVIDE HIGH QUALITY SERVICES AT AN AFFORDABLE COST FOR BOTH AN ASSISTED LIVING COMPLEX AND A NURSING HOME FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SKILLED AND INTERMEDIATE NURSING CARE TO APPROXIMATELY 70 RESIDENTS
OPERATES LOCHAVEN APARTMENTS, RENTING 59 APARTMENTS TO INDEPENDENT SENIOR CITIZENS AND PROVIDES LIMITED MEDICAL ASSISTANCE. SERVICES PROVIDED TO RESIDENTS INCLUDE MEALS, HEALTH CARE MONITORING, SECURITY, EMERGENCY RESPONSE, AND OTHER GENERAL SERVICES
PROVIDES SKILLED AND INTERMEDIATE NURSING CARE TO APPROXIMATELY 70 RESIDENTS
OPERATES LOCHAVEN APARTMENTS, RENTING 59 APARTMENTS TO INDEPENDENT SENIOR CITIZENS AND PROVIDES LIMITED MEDICAL ASSISTANCE. SERVICES PROVIDED TO RESIDENTS INCLUDE MEALS, HEALTH CARE MONITORING, SECURITY, EMERGENCY RESPONSE, AND OTHER GENERAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Di | Officer | 40 | $111,582 |
Jim Eaton Board Member | OfficerTrustee | $0 | |
Richard Shroeder Board Member | OfficerTrustee | $0 | |
Phil Trueblood Treasurer | OfficerTrustee | $0 | |
Margaret Whitlatch Vice-Preside | OfficerTrustee | $0 | |
Carl Berger Board Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Pro Rehabilitation Therapy | 9/29/21 | $497,066 |
Senior Pharmacy Services Pharmacy | 9/29/21 | $210,644 |
Ha Doresten General Contrac | 9/29/21 | $947,913 |
Aramark Food | 9/29/21 | $888,016 |
Health Pro Rehabilitation Therapy | 9/29/21 | $497,066 |
Aramark Food | 9/29/21 | $888,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,720,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,898,845 |
| Total Program Service Revenue | $8,409,664 |
| Investment income | $47,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,394,071 |
| 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. | $111,582 |
| Compensation of current officers, directors, key employees. | $111,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,722,097 |
| Pension plan accruals and contributions | $19,856 |
| Other employee benefits | $785,471 |
| Payroll taxes | $288,238 |
| Fees for services: Management | $18,135 |
| Fees for services: Legal | $5,001 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,602 |
| Fees for services: Other | $694,963 |
| Advertising and promotion | $61,069 |
| Office expenses | $43,094 |
| Information technology | $97,164 |
| Royalties | $0 |
| Occupancy | $174,256 |
| Travel | $3,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $272,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,309 |
| Insurance | $124,835 |
| All other expenses | $147,663 |
| Total functional expenses | $10,805,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $904,479 |
| Savings and temporary cash investments | $188,493 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $777,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,118 |
| Prepaid expenses and deferred charges | $34,591 |
| Net Land, buildings, and equipment | $9,073,335 |
| Investments—publicly traded securities | $2,553,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,551,753 |
| Accounts payable and accrued expenses | $1,047,318 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,753,717 |
| 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 | $601,500 |
| Total liabilities | $7,402,535 |
| Net assets without donor restrictions | $5,731,496 |
| Net assets with donor restrictions | $417,722 |
| 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 | $13,551,753 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lima Convalescent Home Foundation Inc has recieved totaling $255,150.
| Awarding Organization | Amount |
|---|---|
Dayton Foundation Depository Dayton, OH PURPOSE: GENERAL SUPPORT | $255,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Millcreek Manor Erie, PA | $107,194,007 | $36,700,252 |
Home For The Friendless Harrisburg, PA | $50,316,591 | $35,247,733 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
Fairmount Long Term Care Philadelphia, PA | $13,717,481 | $34,473,122 |
Allied Services Skilled Nursing Center Clarks Summit, PA | $17,154,178 | $31,268,892 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Saint Joseph Villa Flourtown, PA | $35,079,497 | $32,242,876 |
Presbyterian Homes In The Presbytery Of Lake Erie Erie, PA | $35,345,781 | $32,251,648 |
Jennings Center For Older Adults Garfield Heights, OH | $56,940,447 | $33,313,522 |