General German Aged Peoples Home Of Baltimore
- Assets
- $116.2m
- Revenue
- $32.6m
- Investments
- $22.0m
- Employees
- 401
- Location
- Towson, MD
- Founding
- 01/1938
- Data as of
- 12/2023
- EIN
- 52-0591603
Organization Overview
General German Aged Peoples Home Of Baltimore, operating under the name Edenwald, is located in Towson, MD. The organization was established in 1938. 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 12/2023, Edenwald employed 401 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edenwald 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 12/2023, Edenwald generated $32.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $31.9m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE ACCOMMODATIONS. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2023, EDENWALD PROVIDED ASSISTANCE OF $267,488 TO 7 RESIDENTS OF THE FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTS' SERVICES
PROPERTY OPERATIONS & MAINTENANCE
ASSISTED LIVING AND COMPREHENSIVE CARE
HOUSEKEEPING, LAUNDRY & DIETARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andri Purkanto Director | Trustee | 0 | $0 |
Lawrence S Cook Director | Trustee | 0 | $0 |
Astrid Wexler Director | Trustee | 0 | $0 |
Bruce J Mattheiss Director | Trustee | 0 | $0 |
Francis B Palumbo Director | Trustee | 0 | $0 |
Robert L Seeger Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Seafood Food | 12/30/23 | $285,170 |
Windsor Electric Co Inc Construction | 12/30/23 | $271,953 |
Cami Enterprise Renovation Materials Supplier | 12/30/23 | $541,819 |
Us Food Service Food | 12/30/23 | $1,093,850 |
Assisted Rehab Inc Therapy Services | 12/30/23 | $383,307 |
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 | $32,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,460 |
| Total Program Service Revenue | $32,066,686 |
| Investment income | $729,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$195,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,633,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $267,488 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,179,989 |
| Compensation of current officers, directors, key employees. | $233,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,189,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,658,107 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,276 |
| Fees for services: Accounting | $78,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,924 |
| Advertising and promotion | $77,695 |
| Office expenses | $848,492 |
| Information technology | $41,741 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,732,143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,568,877 |
| Insurance | $623,137 |
| All other expenses | $2,926,919 |
| Total functional expenses | $31,918,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,790,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,417 |
| 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 | $2,855,025 |
| Net Land, buildings, and equipment | $64,962,634 |
| Investments—publicly traded securities | $22,262,475 |
| Investments—other securities | $21,990,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,012,146 |
| Total assets | $116,156,523 |
| Accounts payable and accrued expenses | $2,792,281 |
| Grants payable | $0 |
| Deferred revenue | $41,333,994 |
| Tax-exempt bond liabilities | $38,962,500 |
| 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 | $40,179,868 |
| Total liabilities | $123,268,643 |
| Net assets without donor restrictions | -$11,136,992 |
| Net assets with donor restrictions | $4,024,872 |
| 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 | $116,156,523 |