Woldenberg Village Inc
- Assets
- $25.7m
- Revenue
- $16.1m
- Investments
- $1.1m
- Employees
- 302
- Location
- New Orleans, LA
- Founding
- 04/1970
- Data as of
- 12/2022
- EIN
- 72-0540671
Organization Overview
Woldenberg Village Inc is located in New Orleans, LA. The organization was established in 1970. 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 12/2022, Woldenberg Village Inc employed 302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woldenberg Village Inc 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, Woldenberg Village Inc generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $17.4m during the year ending 12/2022. While expenses have increased by 3.6% 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
HEALTHCARE DELIVERY AND SHORT-TERM REHAB AND MEDICALLY ASSISTED LIVING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILLOWWOOD AT WOLDENBERG VILLAGE HOUSES A 120-BED SKILLED NURSING FACILITY PROVIDING INTERMEDIATE AND SKILLED CARE. ADDITIONALLY, WILLOWWOOD PROVIDES A FULL RANGE OF SERVICES WHICH INCLUDE PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY; PSYCHIATRIC AND NUTRITIONAL COUNSELING; ON-SITE MEDICAL STAFF; RECREATIONAL, MUSIC AND MEDICAL AND THERAPEUTIC RECREATIONAL TRANSPORTATION.
EMPLOYEE/GUEST MEALS
THE AZALEAS AT WOLDENBERG VILLAGE IS A SIXTY (60) UNIT ASSISTED LIVING COMMUNITY. VARIOUS LEVELS OF CARE ARE OFFERED BASED ON AN INDIVIDUAL'S SPECIFIC NEEDS. THE AZALEAS PROVIDES ITS RESIDENTS THREE WELL-BALANCED MEALS PER DAY, GROUP ACTIVITIES, MEDICAL AND THERAPEUTIC RECREATIONAL TRANSPORTATION, 24-HOUR ON-SITE CAREGIVER SUPPORT, AND WEEKLY HOUSEKEEPING. ADDITIONALLY, THE AZALEAS HOUSES A UNIT FOR EARLY STAGES OF DEMENTIA.
THE VILLAS AT WOLDENBERG VILLAGE IS A SIXTY (60) UNIT INDEPENDENT LIVING COMMUNITY WHICH PROVIDES ITS RESIDENTS 24-HOUR EMERGENCY MEDICAL RESPONSE, GROUP ACTIVITIES, MEDICAL AND THERAPEUTIC RECREATIONAL TRANSPORTATION, WEEKLY HOUSEKEEPING AND DAILY MEAL OPTIONS. THE VILLAS ARE THE INITIAL STEP INTO THE WOLDENBERG VILLAGE CONTINUING CARE RETIREMENT HEALTHCARE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Sinclair Board Member | Trustee | 3 | $0 |
Suzanne Haggard Treasurer And Board Member | OfficerTrustee | 1 | $0 |
Joshua Lowentritt Board Member | Trustee | 3 | $0 |
Manuel T Linares President And Board Member | OfficerTrustee | 1 | $0 |
Zeb Landers Executive Director And Boa | OfficerTrustee | 45 | $159,670 |
Jay St John Medical Director | Trustee | 3 | $31,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Llc Rehabilitation | 12/30/22 | $657,427 |
Dc Stucco And Drywall Inc Construction Services | 12/30/22 | $609,505 |
Performance Foodservices Food Services | 12/30/22 | $565,041 |
Advantage Medical Professionals Nurse Staffing | 12/30/22 | $359,812 |
Angels Of Love Nurse Staffing | 12/30/22 | $296,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,955 |
| Total Program Service Revenue | $14,176,362 |
| Investment income | $65,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $429,466 |
| Net Gain/Loss on Asset Sales | $18,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,065,235 |
| 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. | $229,763 |
| Compensation of current officers, directors, key employees. | $229,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,668,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $596,595 |
| Payroll taxes | $609,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,403 |
| Fees for services: Accounting | $121,211 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,973 |
| Fees for services: Other | $535,082 |
| Advertising and promotion | $4,929 |
| Office expenses | $19,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,491,227 |
| Travel | $649 |
| 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 | $908,929 |
| Insurance | $273,857 |
| All other expenses | $812,736 |
| Total functional expenses | $17,365,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,115,029 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,190 |
| Prepaid expenses and deferred charges | $79,404 |
| Net Land, buildings, and equipment | $14,491,382 |
| Investments—publicly traded securities | $3,048,542 |
| Investments—other securities | $1,131,222 |
| Investments—program-related | $0 |
| Intangible assets | $100,000 |
| Other assets | $5,491,133 |
| Total assets | $25,658,216 |
| Accounts payable and accrued expenses | $980,572 |
| Grants payable | $0 |
| Deferred revenue | $6,080,978 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,424 |
| 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 | $692,112 |
| Total liabilities | $7,782,086 |
| Net assets without donor restrictions | $17,876,130 |
| 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 | $25,658,216 |