Estelle Peabody Memorial Home Inc
- Assets
- $33.9m
- Revenue
- $21.2m
- Investments
- $115.0k
- Employees
- 452
- Location
- North Manchester, IN
- Founding
- 08/1945
- Data as of
- 12/2021
- EIN
- 35-0883511
Organization Overview
Estelle Peabody Memorial Home Inc, operating under the name The Peabody Retirement Community, is located in North Manchester, IN. The organization was established in 1945. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Peabody Retirement Community employed 452 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peabody Retirement Community 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, Peabody Retirement Community generated $21.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $22.2m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
PEABODY RETIREMENT COMMUNITY PROVIDES COMPREHENSIVE SERVICES FOR OLDER ADULTS & SELECTED SERVICES TO OTHERS WITH GRACE, COMPASSION & RESPECT FOR THE DIGNITY OF INDIVIDUALS, THEIR FAMILIES & COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PEABODY RETIREMENT COMMUNITY (PEABODY) UNDERSTANDS THAT EACH INDIVIDUAL HAS UNIQUE NEEDS, AN EXCITING HISTORY, AND HOLDS BELIEFS ABOUT HOW THEIR CARE SHOULD BE DELIVERED. TO MEET THIS END, PEABODY PROVIDES FIVE VERY DIFFERENT LEVELS OF RESIDENCE -- FROM INDEPENDENT LIVING 'COTTAGE HOMES' TO A SPECIALLY-EQUIPPED MEMORY ENHANCED NEIGHBORHOOD. PEABODY IS DEDICATED TO THE GOAL OF CREATING A MODEL CAMPUS PROVIDING COST-EFFECTIVE INDIVIDUALIZED CARE THAT REACHES FAR BEYOND THE MINIMAL STANDARDS. ADDITIONAL SERVICES PROVIDED TO RESIDENTS INCLUDE ONSITE THERAPIES, NUTRITIONAL SERVICES, PASTORAL SERVICES, SOCIAL SERVICES, AND RECREATIONAL SERVICES.RESIDENTIAL SERVICES:COTTAGE HOMES - THE 57 INDEPENDENT LIVING COTTAGES OFFER THE FREEDOM OF MAINTENANCE-FREE LIVING ALONG WITH THE COMPANY OF INTERESTING NEIGHBORS WHO CHERISH THEIR INDEPENDENCE AND ARE ALWAYS READY TO LEND A HAND.RESIDENTIAL APARTMENTS AND ASSISTED LIVING CENTER - PEABODY OFFERS 118 RESIDENTIAL AND ASSISTED LIVING UNITS. THE SOUTH HOUSE RESIDENTIAL APARTMENTS OFFER THE CONVENIENCE OF VARIOUS CAMPUS SERVICES, ALONG WITH THE INDEPENDENCE OF YOUR OWN RESIDENCE.MEMORY ENHANCEMENT CENTER - FRANK AND LAURA SMOCK MEMORY ENHANCEMENT CENTER, WHICH HAS 48 LICENSED MEMORY CARE BEDS, IS DESIGNED AROUND A SIMPLE PREMISE: SURROUND RESIDENTS WITH FAMILIAR SETTINGS AND ACTIVITIES THAT WILL HELP THEM MAINTAIN AND EVEN ENHANCE THEIR MEMORIES TO ENJOY LIFE. THE HOMELINE NEIGHBORHOOD DESIGNS INCLUDE LIFE STATIONS WHERE RESIDENTS CAN GARDEN, PLAY MUSIC, AND ENJOY SPORTS AND SPORTING MEMORABILIA -- ALL TO ENERGIZE EACH INDIVIDUAL THROUGH THE ENVIRONMENT. FOR THOSE IN THE EARLY TO MIDDLE STAGES OF MEMORY LOSS, THERE IS NO MORE COMPLETE AND APPROPRIATE CARE AVAILABLE IN THE AREA.SKILLED HEALTH CENTER - PEABODY'S HEALTH CENTER HAS 192 LICENSED HEALTH CARE BEDS DESIGNED TO HELP INDIVIDUALS ENJOY BETTER QUALITY OF LIVING THROUGH LATE LIFE.ADDITIONAL SERVICES PROVIDED:NUTRITIONAL SERVICES - OUR DINING STAFF WORKS CLOSELY WITH THE NURSING SERVICES AND MEDICAL STAFF TO ENSURE SPECIAL DIETARY GOALS ARE ACCOMPLISHED. THROUGH CAREFUL MEDICATION MANAGEMENT AND MONITORING BY OUR NUTRITIONAL AND NURSING STAFF, OUR RESIDENTS CAN OFTEN ENJOY FOODS THEY WERE NOT ABLE TO ENJOY BEFORE JOINING THE PEABODY FAMILY.THERAPY SERVICES - OUR THERAPIES INCLUDE SPEECH, PHYSICAL, AND OCCUPATIONAL THERAPY, AND ARE AVAILABLE TO BOTH INPATIENT AND OUTPATIENT RESIDENTS. THIS ALLOWS RESIDENTS TO FOREGO THE OFTEN DIFFICULT TASK OF ARRANGING TRANSPORTATION TO AND FROM THERAPY APPOINTMENTS.SOCIAL SERVICES - STAFF SOCIAL WORKERS PROVIDE PEABODY RESIDENTS AND FAMILIES WITH A VARIETY OF SERVICES TO ENSURE THEIR NEEDS AND DESIRES ARE BEING MET ON A DAILY BASIS. SOCIAL SERVICES COORDINATORS PLAY AN ACTIVE ROLE IN THE ADMISSIONS PROCESSES, HELPING TO DETERMINE THE BEST LEVEL OF CARE FOR RESIDENTS, AND PROVIDE EMOTIONAL SUPPORT TO BOTH RESIDENTS AND THEIR FAMILIES DURING TIMES OF TRANSITION. SOCIAL SERVICE COORDINATORS ALSO ASSIST WITH SUPPORTIVE COUNSELING TO INCREASE COPING WITH TRANSITIONS AND ADVOCACY TO ENSURE THAT RESIDENTS' RIGHTS ARE RESPECTED.PASTORAL SERVICES - THE PEABODY MEMORIAL CHAPEL HOLDS SERVICES ON A REGULAR SCHEDULE AND IS CONDUCTED IN THE TRADITION OF VARIOUS DENOMINATIONS. BECAUSE OUR PRIMARY IN-HOUSE WORSHIP SERVICE IS CONDUCTED ON SUNDAY AFTERNOON, MANY RESIDENTS ARE ABLE TO ENJOY RETURNING TO THEIR HOME CONGREGATION FOR MORNING WORSHIP.RECREATIONAL SERVICES - RESIDENTS ARE ABLE TO PARTICIPATE IN MANY GROUPS AND "CLUBS" RANGING FROM BIBLE STUDY TO QUILTING TO CONTEMPORARY FICTION TO VETERAN. IN ADDITION, PEABODY ALSO PROVIDES RESIDENTS WITH MANY OFF-CAMPUS EXCURSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Friend Director Of Finance | OfficerTrustee | 40 | $117,744 |
Ann Hill Director Of Nursing | 40 | $103,969 | |
Rod Craft Executive Director | Officer | 40 | $92,031 |
Sam Feuer President | OfficerTrustee | 1 | $0 |
Larry Katz Member | Trustee | 1 | $0 |
Ephram Lahasky Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reliant Pro Rehab Llc Therapy Services | 12/30/21 | $1,055,615 |
Rosewood Staffing Staffing Services | 12/30/21 | $621,538 |
Lifecare Services Management Services | 12/30/21 | $568,415 |
All Points Management Management Services | 12/30/21 | $415,082 |
Remedi (Pharmacy) Pharmacy Services | 12/30/21 | $392,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $197,468 |
| 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 | $197,468 |
| Total Program Service Revenue | $20,971,034 |
| Investment income | -$1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,249,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $222,147 |
| Compensation of current officers, directors, key employees. | $222,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,657,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $912,795 |
| Payroll taxes | $707,672 |
| Fees for services: Management | $835,916 |
| Fees for services: Legal | $41,920 |
| Fees for services: Accounting | $48,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,013,619 |
| Advertising and promotion | $237,450 |
| Office expenses | $1,350,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $947,275 |
| Travel | $79,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,843 |
| Interest | $1,228,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,424,074 |
| Insurance | $254,660 |
| All other expenses | $400,698 |
| Total functional expenses | $22,190,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,403,997 |
| Savings and temporary cash investments | $127,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,189,429 |
| 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 | $26,091,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $114,981 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,015 |
| Total assets | $33,946,861 |
| Accounts payable and accrued expenses | $370,664 |
| Grants payable | $0 |
| Deferred revenue | $973,819 |
| Tax-exempt bond liabilities | $25,571,572 |
| 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 | $2,647,358 |
| Total liabilities | $29,563,413 |
| Net assets without donor restrictions | $4,121,409 |
| Net assets with donor restrictions | $262,039 |
| 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 | $33,946,861 |
Endowment Analysis
| Beg. Balance | $3,739,042 |
| Earnings | $609,163 |
| Net Contributions | $100,146 |
| Other Expense | $23,406 |
| Grants | $205,606 |
| Ending Balance | $4,219,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Lutheran Homes Inc Fort Wayne, IN | $58,928,684 | $39,157,951 |
Greencroft Goshen Inc Goshen, IN | $95,333,983 | $41,677,361 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Baptist Convalescent Center Inc Erlanger, KY | $70,429,855 | $32,396,386 |