The Villa At Florham Park
- Assets
- $13.7m
- Revenue
- $320.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, NJ
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 47-5324404
Organization Overview
The Villa At Florham Park is located in Burlington, NJ. The organization was established in 1988. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Villa At Florham Park 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, Villa At Florham Park generated $320.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $1.4m 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
A FAITH-BASED SKILLED NURSING AND ASSISTED LIVING CARE FACILITY FOR ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VILLA AT FLORHAM PARK OPERATED A SKILLED NURSING AND ASSISTED LIVING FACILITY FOR ELDERLY RESIDENTS IN A FACILITY LICENSED FOR 56 SKILLED NURSING, 21 ASSISTED LIVING BEDS, AND 27 COMPREHENSIVE PERSONAL CARE UNITS. IT ALSO MADE AVAILABLE SHORT-TERM REHABILITATION TO ITS OWN RESIDENTS AS WELL AS THOSE IN THE COMMUNITY. CENSUS AT THE VILLA WAS LOWER DURING 2020 DUE TO THE COVID-19 PANDEMIC AND A SHORTAGE OF STAFF. AS A RESULT, MANAGEMENT MADE THE DECISION TO CLOSE THE FACILITY DURING 2021, AND THE FINAL RESIDENT WAS DISCHARGED ON JUNE 10, 2021. ON APRIL 27, 2023, THE VILLA WAS SOLD TO AN INDEPENDENT THIRD PARTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Hildebrandt Chair | OfficerTrustee | 0.5 | $0 |
Kenneth Van Dongen Vice Chair | OfficerTrustee | 0.5 | $0 |
Edward P Noble Treasurer | OfficerTrustee | 0.5 | $0 |
Juhan Runne Secretary | OfficerTrustee | 0.5 | $0 |
Rev Tracie Bartholomew Trustee | Trustee | 0.5 | $0 |
Rev Stephen Gewecke Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nutrition Management Services Co Dining Services | 12/30/20 | $1,041,149 |
Binsky & Snyder Service Hvac Services | 12/30/20 | $111,015 |
Atc Healthcare Services Llc Staffing Service | 12/30/20 | $103,978 |
Servpro Of Sw Morris County Fire & Water Damage Cleanup, Restoration | 12/30/20 | $167,880 |
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 | $268,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,326 |
| Total Program Service Revenue | $0 |
| 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 | $320,633 |
| 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 | $19,432 |
| Payroll taxes | $400 |
| Fees for services: Management | $13,989 |
| Fees for services: Legal | $215,763 |
| Fees for services: Accounting | $13,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,051 |
| Advertising and promotion | $0 |
| Office expenses | $42,336 |
| Information technology | $34,902 |
| Royalties | $0 |
| Occupancy | $566,958 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $83,745 |
| All other expenses | $0 |
| Total functional expenses | $1,387,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $803,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $46,842 |
| Net Land, buildings, and equipment | $12,650,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,913 |
| Total assets | $13,719,220 |
| Accounts payable and accrued expenses | $284,410 |
| Grants payable | $0 |
| Deferred revenue | $1,377 |
| Tax-exempt bond liabilities | $10,751,904 |
| 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 | $10,540,933 |
| Total liabilities | $21,578,624 |
| Net assets without donor restrictions | -$8,078,318 |
| Net assets with donor restrictions | $218,914 |
| 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 | $13,719,220 |