Bryn Mawr Terrace
- Assets
- $974.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 118
- Location
- Collegeville, PA
- Founding
- 11/2007
- Data as of
- 06/2022
- EIN
- 20-8411287
Organization Overview
Bryn Mawr Terrace is located in Collegeville, 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 06/2022, Bryn Mawr Terrace employed 118 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 06/2022, Bryn Mawr Terrace generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.0%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 7 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
2022
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.
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 |
|---|---|---|---|
A Louis Denton Vice Chair | OfficerTrustee | 1 | $0 |
David R Dugery Treasurer | OfficerTrustee | 1 | $0 |
Gordon Mott Chair | OfficerTrustee | 1 | $0 |
Kevin Ross President & CEO | OfficerTrustee | 10 | $0 |
Lauren S Rosen MD Board Member | Trustee | 1 | $0 |
Liz Rogan Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rn Plus Inc Medical Staffing | 6/29/22 | $292,431 |
Select Rehabiliation Inc Therapy Svcs - Residents | 6/29/22 | $329,355 |
Nsm Insurance Group Insurance | 6/29/22 | $248,256 |
Hearts At Home Llc Homecare Agency | 6/29/22 | $182,231 |
Mckesson Medical Surgical Pharmacy | 6/29/22 | $161,959 |
Select Rehabiliation Inc Therapy Svcs - Residents | 6/29/22 | $329,355 |
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 | $510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510 |
| Total Program Service Revenue | $971,360 |
| Investment income | $211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,028 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,057,349 |
| 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. | $233,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,608 |
| Payroll taxes | $56,484 |
| Fees for services: Management | $251,158 |
| Fees for services: Legal | $6,175 |
| Fees for services: Accounting | $8,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,229 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,122 |
| 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 | $19,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,662 |
| Insurance | $356,979 |
| All other expenses | $32,339 |
| Total functional expenses | $2,143,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $575,548 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,205 |
| Total assets | $974,187 |
| Accounts payable and accrued expenses | $56,995 |
| Grants payable | $0 |
| Deferred revenue | $551 |
| 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 | $4,123,480 |
| Total liabilities | $4,181,026 |
| Net assets without donor restrictions | -$3,206,839 |
| 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 | $974,187 |