Bryn Mawr Terrace
- Assets
- $9.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 153
- Location
- Bryn Mawr, PA
- Founding
- 11/2007
- Data as of
- 06/2021
- EIN
- 20-8411287
Organization Overview
Bryn Mawr Terrace is located in Bryn Mawr, PA. The organization was established in 2007. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Bryn Mawr Terrace employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bryn Mawr Terrace 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, Bryn Mawr Terrace generated $7.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $9.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. 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 SKILLED NURSING, REHABILIATION, AND PERSONAL CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRYN MAWR TERRACE SERVES AS A CONTINUING CARE RETIREMENT COMMUNITY, OFFERING A RANGE OF SERVICES INCLUDING SHORT-TERM REHABILITATION THERAPY, TRADITIONAL NURSING CARE, INDEPENDENT LIVING, PERSONAL CARE, MEMORY CARE, RESTORATIVE CARE AND RESPITE CARE, ALL IN A SETTING THAT IS WARM, WELCOMING AND NURTURING.OUR PURPOSE IS TO SERVE THE COMMUNITY BY PROVIDING QUALITY CARE AND SERVICES AND TO USE OUR RESOURCES IN A COST EFFECTIVE AND COMMUNITY RESPONSIVE MANNER. WE STRIVE TO ACCOMPLISH THIS IN AN ENVIRONMENT THAT IS RESPECTFUL OR RESIDENTS AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Bannerman Director Of Nursing | 40 | $122,194 | |
Bob Bergen Secretary | OfficerTrustee | 1 | $0 |
Kevin Ross President & CEO | OfficerTrustee | 10 | $0 |
Gordon Mott Chairman | OfficerTrustee | 1 | $0 |
A Louis Denton Vice Chairman | OfficerTrustee | 1 | $0 |
David R Dugery Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rn Plus Inc Medical Staffing | 6/29/21 | $601,616 |
Select Rehabilitation Inc Therapy Svcs - Residents | 6/29/21 | $439,126 |
Contract Pharmacy Services Pharmacy Services | 6/29/21 | $182,105 |
Us Foods Food - Residents | 6/29/21 | $199,629 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,424,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,699 |
| Total Program Service Revenue | $6,379,838 |
| Investment income | $1,132 |
| 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 | $7,813,669 |
| 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 | $5,450,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $408,495 |
| Payroll taxes | $313,950 |
| Fees for services: Management | $506,600 |
| Fees for services: Legal | $0 |
| 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 | $212,487 |
| Advertising and promotion | $28,761 |
| Office expenses | $0 |
| Information technology | $112,915 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $285,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $426,590 |
| Insurance | $464,819 |
| All other expenses | $101,647 |
| Total functional expenses | $9,538,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $427,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,120 |
| Prepaid expenses and deferred charges | $156,740 |
| Net Land, buildings, and equipment | $7,114,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,076,064 |
| Total assets | $9,525,391 |
| Accounts payable and accrued expenses | $512,816 |
| Grants payable | $0 |
| Deferred revenue | $125,893 |
| 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 | $7,269,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,794,263 |
| Total liabilities | $11,702,453 |
| Net assets without donor restrictions | -$2,177,062 |
| 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 | $9,525,391 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bryn Mawr Terrace has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Ethel S C Smith Memorial Fund 02478-10-D Las Vegas, NV PURPOSE: RE-PURPOSING OF KEP SPACES | $3,000 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
American Health Foundation Inc Dublin, OH | $18,460,178 | $15,917,114 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
Harrogate Incorporated Lakewood, NJ | $32,163,275 | $19,988,142 |
West Side Deutscher Frauen Verein Strongsville, OH | $52,788,164 | $24,260,766 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |