Meadowood Corporation

Organization Overview

Meadowood Corporation is located in Worcester, PA. The organization was established in 1984. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Meadowood Corporation employed 481 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowood Corporation 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, Meadowood Corporation generated $42.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $40.8m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL WHO EXPERIENCE THE MEADOWOOD COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY, WHICH PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIORS THROUGH THE OPERATION OF A 59-BED NURSING FACILITY, A 56-BED PERSONAL CARE FACILITY, 298 RESIDENTIAL APARTMENTS, 42 CARRIAGE HOMES AND A HOME HEALTH AGENCY. THE CORPORATION'S COMMUNITY IS LOCATED IN WORCESTER TOWNSHIP, PA. TOTAL RESIDENT DAYS AT THE FACILITY WERE AS FOLLOWS: SKILLED NURSING DAYS OF 18,076, ASSISTED LIVING DAYS OF 16,322 AND INDEPENDENT LIVING DAYS OF 139,212. ALSO, THE HOME HEALTH AGENCY PERFORMED 1172 VISITS DURING 2021. HEALTHCARE SERVICE - PROVIDE RESIDENTS WITH PHYSICIAN CARE, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY, SKILLED NURSING, PERSONAL CARE, ACTIVITIES, HOME HEALTH, AND OTHER RELATED SERVICES. MAINTENANCE AND OTHER SERVICES - PROVIDE GENERAL MAINTENANCE AND SERVICE REPAIRS TO CENTER, INCLUDING DEPRECIATION AND INTEREST EXPENSES. PROVIDE SECURITY, TRANSPORTATION, AND OTHER SERVICES AS NEEDED. DINING SERVICES - PROVIDE DAILY MEALS TO RESIDENTS, PROVIDE FOR SPECIAL DIETARY NEEDS OF RESIDENTS AND SPECIAL FUNCTIONS REQUESTED BY RESIDENTS. PROVIDE COFFEE SHOP FOR RESIDENTS, STAFF AND GUESTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mossrehab
Therapy Services
$710,563
Unidine Corporation
Dining Services
$603,903
E3
It Consulting
$526,321
Varsity Marketing Llc
Marketing
$397,363
Williams Electric
Electrician
$236,000
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,403,714
All other contributions, gifts, grants, and similar amounts not included above$5,108,399
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,512,113
Total Program Service Revenue$34,438,289
Investment income $500,709
Tax Exempt Bond Proceeds $4,507
Royalties $0
Net Rental Income $12,504
Net Gain/Loss on Asset Sales $473,142
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,941,264

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Meadowood Corporation has recieved totaling $187,455.

Awarding OrganizationAmount
Meadowood Residents Association Inc

Worcester, PA

PURPOSE: HOLIDAY GIVING

$152,855
Meadowood Residents Association Inc

Worcester, PA

PURPOSE: BENEVOLENT FUND

$20,000
Meadowood Residents Association Inc

Worcester, PA

PURPOSE: STUDENT SCHOLARSHIPS

$13,850
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$750
View Grant Recipient Profile

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