Kendal At Ithaca
- Assets
- $112.9m
- Revenue
- $28.2m
- Investments
- $0.0
- Employees
- 344
- Location
- Ithaca, NY
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 52-1787487
Organization Overview
Kendal At Ithaca is located in Ithaca, NY. The organization was established in 1994. 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 12/2022, Kendal At Ithaca employed 344 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kendal At Ithaca 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, Kendal At Ithaca generated $28.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $28.4m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
CONTINUING CARE RETIREMENT COMMUNITY SERVING OLDER ADULTS IN A MUTUALLY SUPPORTIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING CARE RETIREMENT COMMUNITY: KENDAL AT ITHACA CONSISTS OF 236 INDEPENDENT LIVING UNITS, FOUR OF WHICH WILL BE DECERTIFIED AS OF JANUARY 1, 2023, A COMMUNITY CENTER, AND A 84-BED HEALTH CENTER COMPOSED OF 36 ADULT HOME BEDS AND 48 NURSING HOME BEDS. KENDAL PROVIDES COMFORTABLE AND SAFE HOUSING FOR SENIORS, WHICH INCLUDES ASSISTED AND SKILLED NURSING ON CAMPUS IF AND WHEN NEEDED, AND ALSO IS COMMITTED TO CONTINUING THESE SERVICES EVEN IF A RESIDENT OUTLIVES HIS/HER ASSETS AND IS NO LONGER ABLE TO PAY THE MONTHLY FEE. KENDAL AT ITHACA IS COMMITTED TO FOSTERING WELL-BEING, SECURITY, AND FULFILLMENT IN LATER YEARS FOR THOSE IT SERVES AND FOR OLDER PEOPLE IN THE BROADER COMMUNITY. AT THE END OF 2022, KENDAL AT ITHACA WAS SERVING 355 RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Mante Executive Director | Officer | 40 | $266,130 |
Gregory Sommers Chief Financial Officer | Officer | 40 | $161,744 |
Michael Youmans Health Services Administrator | 40 | $144,059 | |
Deborah Mccardell Director Of Human Resource | 40 | $111,363 | |
Michelle Megivern Director Of Nursing | 40 | $110,962 | |
Elizabeth Schermerhorn Director Of Admissions | 40 | $104,320 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
High Standard Construction Inc Construction | 12/30/22 | $1,225,820 |
Affinity Rehabilitation Therapy Services | 12/30/22 | $579,819 |
Swbr Architects Architects | 12/30/22 | $161,062 |
B & B Floor Coverings Inc Flooring | 12/30/22 | $402,720 |
Binghamton Slag Roofing Co Inc Roofing | 12/30/22 | $150,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,565 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,232 |
| Total Program Service Revenue | $27,857,014 |
| Investment income | $1,097,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,696 |
| Net Gain/Loss on Asset Sales | -$1,002,910 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,207,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $126,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $550,434 |
| Compensation of current officers, directors, key employees. | $550,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,717,505 |
| Pension plan accruals and contributions | $1,227,115 |
| Other employee benefits | $1,511,363 |
| Payroll taxes | $986,982 |
| Fees for services: Management | $800,724 |
| Fees for services: Legal | $31,030 |
| Fees for services: Accounting | $58,146 |
| Fees for services: Lobbying | $1,298 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $128,294 |
| Fees for services: Other | $1,127,586 |
| Advertising and promotion | $168,304 |
| Office expenses | $719,189 |
| Information technology | $421,505 |
| Royalties | $0 |
| Occupancy | $2,121,496 |
| Travel | $108,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,816 |
| Interest | $1,615,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,157,172 |
| Insurance | $251,787 |
| All other expenses | $135,546 |
| Total functional expenses | $28,403,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,308 |
| Savings and temporary cash investments | $4,056,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,049,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $244,310 |
| Prepaid expenses and deferred charges | $736,192 |
| Net Land, buildings, and equipment | $55,322,373 |
| Investments—publicly traded securities | $50,725,245 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $769,352 |
| Total assets | $112,904,768 |
| Accounts payable and accrued expenses | $1,627,466 |
| Grants payable | $0 |
| Deferred revenue | $60,736,800 |
| Tax-exempt bond liabilities | $36,761,816 |
| Escrow or custodial account liability | $3,705,915 |
| 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 | $857,989 |
| Total liabilities | $103,689,986 |
| Net assets without donor restrictions | $7,488,695 |
| Net assets with donor restrictions | $1,726,087 |
| 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 | $112,904,768 |
Grants Awarded
Over the last fiscal year, Kendal At Ithaca has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KENDAL CHARITABLE FUNDS PURPOSE: AFFILIATE-WIDE INITIATIVE FOR EMPLOYEE DEVELOPMENT | $5,000 |
BARCLAY FRIENDS PURPOSE: RELIEF FOR FIRE DAMAGE | $15,000 |