Community Healthcare Realty Inc
- Assets
- $8.6m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 450
- Location
- Toms River, NJ
- Founding
- 05/2019
- Data as of
- 12/2020
- EIN
- 82-4136810
Organization Overview
Community Healthcare Realty Inc, operating under the name Wesleyan Village & Windber Woods, is located in Toms River, NJ. The organization was established in 2019. 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 12/2020, Wesleyan Village & Windber Woods employed 450 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesleyan Village & Windber Woods 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, Wesleyan Village & Windber Woods generated $19.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $18.8m during the year ending 12/2020. While expenses have increased by 27.2% per year over the past 2 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ENVIRONMENT FOR OLDER ADULTS TO EXPERIENCE THE FULLNESS OF LIFE, ENCOURAGING THEM TO AGE BY GROWING WITH THE CARE AND SUPPORT OF A WARM COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEYAN VILLAGE PROVIDES UNCOMPENSATED CARE AND SERVICES TO MEDICAID, MEDICARE, HOSPICE AND MANAGED CARE RESIDENTS. WESLEYAN VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY OFFERING HEALTHCARE (MEDICAID & MEDICARE CERTIFIED), TRADITIONAL AND ALZHEIMER ASSISTED LIVING, INDEPENDENT HOME HEALTH CARE, AND OTHER ADULT LIVING FACILITIES. WESLEYAN VILLAGE CEASED ACTIVITY UNDER THE UMBRELLA OF COMMUNITY HEALTHCARE REALTY INC AS OF DECEMBER 7, 2020, AND IS NOW OWNED AND OPERATED BY ITS OWN NOT-FOR-PROFIT ENTITY.
WINDBER WOODS PROVIDES UNCOMPENSATED CARE AND SERVICES TO MEDICAID, MEDICARE, HOSPICE AND MANAGED CARE RESIDENTS. WESLEYAN VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY OFFERING HEALTHCARE (MEDICAID & MEDICARE CERTIFIED), TRADITIONAL AND ALZHEIMER ASSISTED LIVING, INDEPENDENT HOME HEALTH CARE, AND OTHER ADULT LIVING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Kohn Board Member | Officer | 0 | $0 |
Ephram Lahasky Board Member | Officer | 0 | $0 |
David Gast Board Member | Officer | 0 | $0 |
Steven Friedman Chairman Of The Board | Officer | 0 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,287,983 |
| Investment income | $532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,288,515 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,065,511 |
| Pension plan accruals and contributions | $940,696 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $231,482 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $368,356 |
| Advertising and promotion | $169,935 |
| Office expenses | $352,293 |
| Information technology | $288,265 |
| Royalties | $0 |
| Occupancy | $374,360 |
| Travel | $7,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,443,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,048,400 |
| Insurance | $323,840 |
| All other expenses | $1,985,272 |
| Total functional expenses | $18,810,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,748 |
| Savings and temporary cash investments | $554,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,635 |
| 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 | $12,399 |
| Net Land, buildings, and equipment | $7,612,546 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $234,768 |
| Other assets | $0 |
| Total assets | $8,596,047 |
| Accounts payable and accrued expenses | $401,299 |
| Grants payable | $0 |
| Deferred revenue | $872,184 |
| 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 | $8,241,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,208,603 |
| Total liabilities | $10,723,573 |
| Net assets without donor restrictions | -$2,127,526 |
| 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 | $8,596,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Healthcare Realty Inc has recieved totaling $15,976.
| Awarding Organization | Amount |
|---|---|
Bessie Overdorff Tr Uw Fbo Allegheny Lutheran Home And Church Johnstown, PA PURPOSE: CHARITABLE CONTRIBUTION | $15,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |
Active Retirement Community Inc South Setauket, NY | $204,676,750 | $34,139,621 |
Lutheran Home For The Aged Erie, PA | $0 | $39,821,403 |
Israel Senior Citizens Housing Development Fund Corp New York, NY | $56,551,856 | $8,736,330 |
Allied Services Personal Care Inc Clarks Summit, PA | $28,269,893 | $25,176,548 |
Woodland Pond Inc New Paltz, NY | $75,307,773 | $23,806,053 |
Centre Care Inc Bellefonte, PA | $56,359,644 | $23,258,670 |