Home For The Aged-Altenheim
- Assets
- $13.8m
- Revenue
- $602.8k
- Investments
- $7.5m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 03/1942
- Data as of
- 12/2020
- EIN
- 55-0371584
Organization Overview
Home For The Aged-Altenheim is located in Wheeling, WV. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home For The Aged-Altenheim 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 12/2020, Home For The Aged-Altenheim generated $602.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $767.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A PERSONAL CARE FACILITY FOR THE AGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dakovic Executive Director | 40 | $48,000 | |
Mr David Ransom Board Member | 1 | $0 | |
Mr John Wensyel Vice-President | 1 | $0 | |
Mr Robert Shilling Board Member | 1 | $0 | |
Mr Tim Reed Secretary | 1 | $0 | |
Mrs Connie Myer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $78 |
| Dividends & Interest | $153,492 |
| Net Rental Income | $160,850 |
| Net Gain on Sale of Assets | $284,240 |
| Capital Gain Net Income | $284,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,081 |
| Total Revenue | $602,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,308 |
| Other employee salaries and wages | $161,837 |
| Pension plans, employee benefits | $46,959 |
| Interest | $50,660 |
| Taxes | $21,057 |
| Depreciation | $168,050 |
| Occupancy | $22,577 |
| Travel, conferences, and meetings | $258 |
| Printing and publications | $0 |
| Other expenses | $215,859 |
| Total operating and administrative expenses | $766,985 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $766,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,215 |
| Savings and temporary cash investments | $163,774 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,995 |
| Net Investments - land, buildings, equipment | $5,147,638 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $543,427 |
| Other assets | $0 |
| Total assets | $13,750,065 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,341,712 |
| Other liabilities | $21,519 |
| Total liabilities | $1,363,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Albright Care Services Frederick, MD | $96,340,327 | $64,491,895 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |