Lecom At Presque Isle Inc
- Assets
- $22.4m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 208
- Location
- Erie, PA
- Founding
- 06/2016
- Data as of
- 06/2022
- EIN
- 47-5049201
Organization Overview
Lecom At Presque Isle Inc, operating under the name Lecom Nursing And Rehabilitation Center, is located in Erie, PA. The organization was established in 2016. 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 06/2022, Lecom Nursing And Rehabilitation Center employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lecom Nursing And Rehabilitation Center 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, Lecom Nursing And Rehabilitation Center generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $11.6m during the year ending 06/2022. While expenses have increased by 13.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLE ACTIVITY OF LECOM AT PRESQUE ISLE IS TO PROVIDE A SKILLED NURSING FACILITY TO ADDRESS THE NEEDS OF A GROWING ELDERLY POPULATION. THIS FACILITY IS SPECIFICALLY DESIGNED FOR SENIOR RESIDENTS WHO ARE UNABLE TO LIVE ON THEIR OWN TO ALLOW THEM TO AGE IN A COMFORTABLE SAFE ENVIRONMENT. THE FACILITY EMPLOYS NURSES WHO PROVIDE RESIDENTS WITH 24 HOURS OF EMERGENCY SUPPORT WHICH WILL GIVE FAMILIES AND LOVED ONES PEACE OF MIND. IN ADDITION, OTHER PROVIDED SERVICES INCLUDE MEALS, HOUSEKEEPING, RESIDENT ACTIVITIES, WELLNESS ACTIVITIES, AND SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LECOM AT PRESQUE ISLE MAINTAINS 135 BEDS AND PROVIDES NURSING CARE TO ITS RESIDENTS. THE FACILITIES ARE SPECIFICALLY DESIGNED FOR SENIOR RESIDENTS WHO ARE UNABLE TO LIVE ON THEIR OWN TO ALLOW THEM TO AGE IN A COMFORTABLE SAFE ENVIRONMENT. THE FACILITY EMPLOYS NURSES WHO PROVIDE RESIDENTS WITH 24 HOURS OF EMERGENCY SUPPORT WHICH WILL GIVE FAMILIES AND LOVED ONES PEACE OF MIND. IN ADDITION, OTHER PROVIDED SERVICES INCLUDE MEALS, HOUSEKEEPING, RESIDENT ACTIVITIES, WELLNESS ACTIVITIES, AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary L Eckert President/ceo | OfficerTrustee | 1 | $0 |
John M Ferretti DO President | OfficerTrustee | 1 | $0 |
Melanie Titzel PHD Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Richard P Olinger Board Member | Trustee | 1 | $0 |
Danielle Hansen DO Board Member | Trustee | 1 | $0 |
James Y Lin DO Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Food Services Food Services | 6/29/22 | $200,933 |
Vantage Hc Linen Services Llp Linen Services | 6/29/22 | $130,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,975,545 |
| 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 | $1,975,545 |
| Total Program Service Revenue | $9,310,077 |
| Investment income | $3,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,185,248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,104,148 |
| 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 | $6,199,645 |
| Pension plan accruals and contributions | $188,452 |
| Other employee benefits | $1,080,520 |
| Payroll taxes | $429,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,492 |
| Fees for services: Accounting | $19,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $461,660 |
| Advertising and promotion | $4,168 |
| Office expenses | $166,677 |
| Information technology | $91,063 |
| Royalties | $0 |
| Occupancy | $322,182 |
| Travel | $71,940 |
| 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 | $683,722 |
| Insurance | $404,437 |
| All other expenses | $108,833 |
| Total functional expenses | $11,614,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,231,334 |
| Savings and temporary cash investments | $2,171,111 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,074,947 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,190 |
| Prepaid expenses and deferred charges | $250,193 |
| Net Land, buildings, and equipment | $14,293,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,000 |
| Total assets | $22,394,003 |
| Accounts payable and accrued expenses | $3,226,150 |
| 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 | $52,000 |
| Total liabilities | $3,278,150 |
| Net assets without donor restrictions | $19,115,853 |
| 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 | $22,394,003 |