Simpson Memorial Home Inc
- Assets
- $14.8m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 219
- Location
- West Liberty, IA
- Founding
- 00/0000
- Data as of
- 06/2023
- EIN
- 42-0950871
Organization Overview
Simpson Memorial Home Inc is located in West Liberty, IA. The organization was established in 0000. 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 06/2023, Simpson Memorial Home Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson Memorial Home 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 06/2023, Simpson Memorial Home Inc generated $8.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $9.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CARE IN THE COMMUNITIES WE SERVE WHERE PEOPLE FEE VALUED, SAFE, RESPECTED, AND LOVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES TWO CAMPUSES THAT ACCEPTS PRIVATE PAY, MEDICARE, MEDICAID, AND LONG-TERM CARE INSURANCE. SIMPSON MEMORIAL HOME AT WEST LIBERTY HAS A 55 BED SNF/NF, 18 BED ASSISTED LIVING, 24 UNIT INDEPENDENT LIVING, AND 6 UNITS OF IL TOWNHOUSES. WILTON RETIREMENT COMMUNITY IN WILTON HAS A 34 BED SNF/NF (THAT INCLUDES 10 CCDI BEDS) AND A 24 BED ASSISTED LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford Mcferren Administrato | Officer | 40 | $78,882 |
Chad Thomas Executive Di | Officer | 40 | $84,976 |
Laura Brandt Administrato | Officer | 40 | $71,726 |
Fred Grunder Joined April 2022 Director | Trustee | 2 | $0 |
Gary Moeller Joined February 2022 Director | Trustee | 2 | $0 |
Karen Wright Left June 30 2023 Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Health Services Group Benefits | 6/29/23 | $330,664 |
Grapetree Medical Staffing Staffing | 6/29/23 | $225,325 |
Martin Bros Distributing Co Food Supplies | 6/29/23 | $208,063 |
Aegis Therapies Inc Therapies | 6/29/23 | $201,587 |
City Of West Liberty Utilties | 6/29/23 | $159,757 |
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 | $65,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,763 |
| Total Program Service Revenue | $8,116,162 |
| Investment income | $40,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,529 |
| Net Gain/Loss on Asset Sales | -$5,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,294,743 |
| 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. | $291,931 |
| Compensation of current officers, directors, key employees. | $291,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,370,019 |
| Pension plan accruals and contributions | $42,243 |
| Other employee benefits | $276,119 |
| Payroll taxes | $347,811 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $1,221,582 |
| Advertising and promotion | $575 |
| Office expenses | $56,364 |
| Information technology | $33,531 |
| Royalties | $0 |
| Occupancy | $545,986 |
| Travel | $2,323 |
| 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 | $466,647 |
| Insurance | $265,069 |
| All other expenses | $107,341 |
| Total functional expenses | $9,242,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $1,995,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $475,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,873 |
| Prepaid expenses and deferred charges | $422 |
| Net Land, buildings, and equipment | $9,807,646 |
| Investments—publicly traded securities | $2,431,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,549 |
| Total assets | $14,819,320 |
| Accounts payable and accrued expenses | $561,659 |
| Grants payable | $0 |
| Deferred revenue | $874,017 |
| Tax-exempt bond liabilities | $1,445,975 |
| Escrow or custodial account liability | $190 |
| 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 | $151,257 |
| Total liabilities | $3,033,098 |
| Net assets without donor restrictions | $11,442,642 |
| Net assets with donor restrictions | $343,580 |
| 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 | $14,819,320 |