Methodist Manor Inc
- Assets
- $16.5m
- Revenue
- $7.5m
- Investments
- $1.9m
- Employees
- 525
- Location
- West Allis, WI
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 39-0942151
Organization Overview
Methodist Manor Inc, operating under the name Palmer House, is located in West Allis, WI. The organization was established in 1964. 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 12/2022, Palmer House employed 525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer House 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, Palmer House generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2022. 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
THE CORPORATION IS DEDICATED TO PROVIDING A FULL RANGE OF CARE AND SERVICES FOR OLDER ADULTS THAT RESPECTS EACH INDIVIDUAL'S PERSONAL, PHYSICAL AND SPIRITUAL NEEDS. THESE NEEDS ARE MET THROUGH INDIVIDUALLY-TAILORED SERVICES DELIVERED BY A SKILLED AND CARING STAFF COMMITTED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE CARE. OUR MISSION IS ENHANCED BY WORKING WITH COMMUNITY PARTNERS. WE DO THIS IN HARMONY WITH OUR CHRISTIAN TRADITION IN AN ENVIRONMENT THAT CONTINUALLY CHALLENGES ITS MEMBERS TO EXCEL AND A STRUCTURE THAT ENCOURAGES GROWTH, RESEARCH, AND WISE USE OF RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PALMER HOUSE - PROVIDE ASSISTED LIVING SERVICES TO RESIDENTS IN A 131 UNIT FACILITY AS PART OF A CONTINUUM OF CARE FOR SENIORS.
WESLEY PARK - PROVIDE INDEPENDENT LIVING FACILITIES TO RESIDENTS IN A 263 UNIT FACILITY AS PART OF A CONTINUUM OF CARE FOR SENIORS AND PROVIDE PROGRAMS FOR RESIDENTS THROUGH A SENIOR CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Affeldt Chairman Of The Board | Trustee | 1 | $0 |
Rick Keller Board Member | Trustee | 1 | $0 |
Susan Rabe Board Member | Trustee | 1 | $0 |
Dr Sarfraz Sidhu Board Member | Trustee | 1 | $0 |
Dan Platten Board Member | Trustee | 1 | $0 |
John Dirske Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matrixcare Contactor - Emr | 12/30/22 | $139,428 |
Cliftonlarsonallen Llp Auditors | 12/30/22 | $122,407 |
Berghammer Construction Construction | 12/30/22 | $120,610 |
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 | $277,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,203 |
| Total Program Service Revenue | $8,076,116 |
| Investment income | $107,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$991,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,468,853 |
| 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 | $8,231,108 |
| Pension plan accruals and contributions | $120,851 |
| Other employee benefits | $1,108,845 |
| Payroll taxes | $471,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,845 |
| Fees for services: Accounting | $120,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,665 |
| Fees for services: Other | $684,705 |
| Advertising and promotion | $107,170 |
| Office expenses | $370,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,099,529 |
| Travel | $26,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,936 |
| Interest | $569,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $952,488 |
| Insurance | $407,939 |
| All other expenses | -$6,464,948 |
| Total functional expenses | $10,142,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,655 |
| Prepaid expenses and deferred charges | $197,669 |
| Net Land, buildings, and equipment | $6,683,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,915,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,972,992 |
| Total assets | $16,529,878 |
| Accounts payable and accrued expenses | $1,849,004 |
| Grants payable | $0 |
| Deferred revenue | $1,135,293 |
| Tax-exempt bond liabilities | $11,078,110 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $587,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,788,060 |
| Total liabilities | $20,438,351 |
| Net assets without donor restrictions | -$3,908,473 |
| 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 | $16,529,878 |