Garden Spot Communities
- Assets
- $6.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 34
- Location
- New Holland, PA
- Founding
- 04/2017
- Data as of
- 06/2021
- EIN
- 81-1141253
Organization Overview
Garden Spot Communities is located in New Holland, PA. The organization was established in 2017. 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 06/2023, Garden Spot Communities employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Spot Communities 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 06/2021, Garden Spot Communities generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT SERVICES TO GARDEN SPOT COMMUNITIES ENTITIES IN FULFILLING THEIR MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MANAGEMENT AND SUPPORT SERVICES TO GARDEN SPOT VILLAGE, GARDEN SPOT VILLAGE OF AKRON, GSV AT HOME, LLC IN FULFILLING THEIR MISSIONS OF SERVING OLDER ADULTS THAT INCLUDES APPROXIMATELY 1100 INDIVIDUALS IN SKILLED NURSING, ASSISTED LIVING, RESIDENTIAL LIVING AND AT HOME SERVICES IN ALL OF THE ENTITIES COMBINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Goss Chair | OfficerTrustee | 3 | $0 |
Joyce Hoover Vice Chair | OfficerTrustee | 3 | $0 |
Karen Musser Secretary | OfficerTrustee | 3 | $0 |
Timothy Bender Treasurer | OfficerTrustee | 3 | $0 |
Alphaus Stoltzfus Director | Trustee | 3 | $0 |
Donald Aldrich Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,000 |
| Investment income | $92,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,386,993 |
| Statement of Expenses | |
|---|---|
| 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. | $1,060,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,516,486 |
| Pension plan accruals and contributions | $18,760 |
| Other employee benefits | $274,763 |
| Payroll taxes | $162,586 |
| Fees for services: Management | $29,829 |
| Fees for services: Legal | $28,278 |
| Fees for services: Accounting | $90,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,799 |
| Advertising and promotion | $2,319 |
| Office expenses | $11,508 |
| Information technology | $50,135 |
| Royalties | $0 |
| Occupancy | $11,148 |
| Travel | $8,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,890 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,516,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $901,866 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,515 |
| 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 | $29,842 |
| Investments—publicly traded securities | $4,782,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,537 |
| Total assets | $6,476,798 |
| Accounts payable and accrued expenses | $372,658 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $821,256 |
| Total liabilities | $1,193,914 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,282,884 |