Benjamin Hershey Memorial Convalescent Home
- Assets
- $1.8m
- Revenue
- $492.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 06/1939
- Data as of
- 06/2022
- EIN
- 42-0307480
Organization Overview
Benjamin Hershey Memorial Convalescent Home is located in Muscatine, IA. The organization was established in 1939. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin Hershey Memorial Convalescent Home 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 06/2022, Benjamin Hershey Memorial Convalescent Home generated $492.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $397.9k during the year ending 06/2022. 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
HOUSING IS PROVIDED FOR THE ELDERLY AND DISABLED RESIDENTS OF HERSHEY MANOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELDERLY AND DISABLED HOUSING--PROVIDED 50-UNIT APARTMENT COMPLEX FOR ELDERLY AND DISABLED PERSONS OPERATED UNDER SECTION 209 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE OCCUPANY RATE WAS 86% FOR THE TAX PERIOD WITH ALL HOUSING UNITS OCCUPIED BY ELDERLY AND DISABLED TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Eichelberger President | OfficerTrustee | 1 | $0 |
Tammy Ales Treasurer | OfficerTrustee | 1 | $0 |
Jill Goldesberry Vice Preside | OfficerTrustee | 1 | $0 |
Tammy Stein Secretary | OfficerTrustee | 1 | $0 |
Cindy Carver Resigned 422 Secretary | OfficerTrustee | 1 | $0 |
Bret Olson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,699 |
| Total Program Service Revenue | $457,551 |
| Investment income | $1,915 |
| 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 | $492,516 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,314 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,014 |
| Advertising and promotion | $0 |
| Office expenses | $3,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250,020 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,621 |
| Insurance | $5,955 |
| All other expenses | $0 |
| Total functional expenses | $397,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $966,593 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,652 |
| 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 | $2,541 |
| Net Land, buildings, and equipment | $773,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,745 |
| Total assets | $1,808,832 |
| Accounts payable and accrued expenses | $48,627 |
| 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 | $1,309,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,727 |
| Total liabilities | $1,405,849 |
| Net assets without donor restrictions | $402,983 |
| 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 | $1,808,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Living Bethlehem Woods Village St Louis, MO | $54,923,098 | $70,603,895 |
Rest Haven Illiana Christian Convalescent Home Tinley Park, IL | $89,097,338 | $64,902,074 |
Tabitha Inc Lincoln, NE | $67,996,914 | $63,902,168 |
Citizens Memorial Health Care Foundation Bolivar, MO | $45,218,977 | $63,247,284 |
Senior Care Communities Inc St Paul, MN | $79,379,682 | $62,727,719 |
Ascension Michigan Cmg St Louis, MO | $10,296,135 | $49,102,663 |
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Franciscan Care Services Inc West Point, NE | $100,320,154 | $47,622,735 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |