Schoolyard Square
- Assets
- $2.1m
- Revenue
- $877.4k
- Investments
- $0.0
- Employees
- 29
- Location
- Myerstown, PA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 35-2508751
Organization Overview
Schoolyard Square is located in Myerstown, PA. The organization was established in 2015. 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 12/2021, Schoolyard Square employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schoolyard Square 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, Schoolyard Square generated $877.4k 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 (5.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) 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
SCHOOLYARD SQUARE WAS CREATED TO PROVIE HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 6-UNIT PERSONAL CARE FACILITY LOCATED IN PINE GROVE, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSONAL CARE - PROVIDE SERVICES AND FACILITIES TO PERSONS IN NEED OF AN ASSISTED-LIVING LEVEL OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Reiter President/ceo | OfficerTrustee | 1 | $0 |
Carson Ritchie Board President | Trustee | 1 | $0 |
Scott Artz Board Vice President | Trustee | 1 | $0 |
Cindy Walters Board Trustee | Trustee | 1 | $0 |
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 | $877,142 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $877,396 |
| 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 | $264,015 |
| Pension plan accruals and contributions | $5,118 |
| Other employee benefits | $51,254 |
| Payroll taxes | $24,632 |
| Fees for services: Management | $97,461 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,566 |
| Fees for services: Other | $128,720 |
| Advertising and promotion | $4,402 |
| Office expenses | $112,731 |
| Information technology | $24,672 |
| Royalties | $0 |
| Occupancy | $116,865 |
| Travel | $2,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,570 |
| Insurance | $27,640 |
| All other expenses | $0 |
| Total functional expenses | $1,021,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,858 |
| Prepaid expenses and deferred charges | $58,308 |
| Net Land, buildings, and equipment | $1,880,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,556 |
| Other assets | $0 |
| Total assets | $2,054,371 |
| Accounts payable and accrued expenses | $1,598,439 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,000,000 |
| Total liabilities | $4,598,439 |
| Net assets without donor restrictions | -$2,544,068 |
| 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 | $2,054,371 |
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