Wartburg Home Foundation Inc
- Assets
- $22.9m
- Revenue
- $1.9m
- Investments
- $20.3m
- Employees
- 0
- Location
- Mount Vernon, NY
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 13-3621266
Organization Overview
Wartburg Home Foundation Inc is located in Mount Vernon, NY. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wartburg Home Foundation 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 12/2021, Wartburg Home Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wartburg Home Foundation Inc has awarded 17 individual grants totaling $8,953,856. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WARTBURG FOUNDATION IS THE FUND RAISING ARM OF THE WARTBURG ADULT CARE COMMUNITY, A LUTHERAN SOCIAL MINISTRY SERVING PEOPLE OF ALL FAITHS SINCE 1866.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ACTIVITIES TO SUPPORT TAX EXEMPT ORGANIZATIONS FOR CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC AND/OR LITERARY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ulrich J Rosa Secretary | OfficerTrustee | 1 | $0 |
Mark Jacobs Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Dr Nicholas Cicchetti Chairman | OfficerTrustee | 1 | $0 |
Joseph Sessa CFO | Officer | 2 | $0 |
David Gentner President And CEO | Officer | 2 | $0 |
Edwin H Stern III Director | Trustee | 1 | $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 | $124,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,737 |
| Total Program Service Revenue | $0 |
| Investment income | $608,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,173,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,907,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,514,800 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,570 |
| All other expenses | $0 |
| Total functional expenses | $3,079,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,574 |
| Pledges and grants receivable | $20,674 |
| Accounts receivable, net | $0 |
| 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 | $7,231 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,331,688 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,514,077 |
| Total assets | $22,875,244 |
| Accounts payable and accrued expenses | $16,250 |
| 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 | $6,234,489 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $191,607 |
| Total liabilities | $6,442,346 |
| Net assets without donor restrictions | $13,926,981 |
| Net assets with donor restrictions | $2,505,917 |
| 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 | $22,875,244 |
Grants Awarded
Over the last fiscal year, Wartburg Home Foundation Inc has awarded $2,514,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Mount Vernon, NY PURPOSE: GRANT MONEY WENT TOWARD THE PASTORAL CARE PROGRAM, FINANCIAL AID, CAPITAL PROJECT,CREATIVE ARTS PROGRAM, EMERGENCY AID FUNDS AND GENERAL SUPPORT. | $2,404,800 |
Mt Vernon, NY PURPOSE: FOR SUPPORT OF ELDERLY IN SENIOR HOUSING THAT NO LONGER HAVE FUNDS TO PAY. | $50,000 |
NORTHEAST CREATIVE ARTS THERAPIES PLLC PURPOSE: GRANT MONEY WENT TOWARD THE THERAPEUTIC EFFECTS OF CREATIVE ARTS THERAPY. | $45,000 |
Mount Vernon, NY PURPOSE: GRANT MONEY WENT TOWARD THE THERAPEUTIC EFFECTS OF MUSIC THERAPY. | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wartburg Home Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Pcsb Community Foundation Yorktown Heights, NY PURPOSE: CHARITABLE SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $2,498,560 |
| Earnings | $7,357 |
| Ending Balance | $2,505,917 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |