Stoneridge Retirement Living
- Assets
- $66.0m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Myerstown, PA
- Founding
- 05/1942
- Data as of
- 12/2023
- EIN
- 23-1379523
Organization Overview
Stoneridge Retirement Living is located in Myerstown, PA. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stoneridge Retirement Living 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 12/2023, Stoneridge Retirement Living generated $20.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $22.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE CONTINUING CARE RETIREMENT COMMUNITIES WHICH PROVIDE SKILLED NURSING, PERSONAL CARE AND INDEPENDENT LIVING SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED AND INTERMEDIATE NURSING CARE - PROVIDE MEDICAL SERVICES TO PERSONS QUALIFYING UNDER THE SKILLED AND INTERMEDIATE CARE DEFINITIONS OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. PERSONAL CARE - PROVIDE SERVICES AND FACILITIES TO PERSONS IN NEED OF AN ASSISTED-LIVING LEVEL OF CARE. INDEPENDENT LIVING - PROVIDE SERVICES AND FACILITIES TO PERSONS LIVING INDEPENDENTLY IN APARTMETNS AND COTTAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President CEO | OfficerTrustee | 1 | $0 |
Name Not Listed Board Vice President | Trustee | 1 | $0 |
Name Not Listed Board President | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stoneridge Retirement Living Communities Inc Mgmt Services | 12/30/23 | $3,676,950 |
Precision Lawncare Landscaping | 12/30/23 | $216,800 |
Sodexo Inc & Affiliates Dining / Food Services | 12/30/23 | $2,209,092 |
Select Rehab Llc Therapy | 12/30/23 | $718,413 |
Hands On Nursing Agency Nursing | 12/30/23 | $542,566 |
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 | $78,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,171 |
| Total Program Service Revenue | $17,284,711 |
| Investment income | $1,070,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,745 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,215,713 |
| 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 | $6,370,721 |
| Pension plan accruals and contributions | $156,043 |
| Other employee benefits | $1,039,749 |
| Payroll taxes | $537,044 |
| Fees for services: Management | $3,676,950 |
| Fees for services: Legal | $38,508 |
| Fees for services: Accounting | $64,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $143,983 |
| Fees for services: Other | $3,212,074 |
| Advertising and promotion | $38,960 |
| Office expenses | $1,216,188 |
| Information technology | $143,666 |
| Royalties | $0 |
| Occupancy | $1,184,469 |
| Travel | $57,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,545 |
| Interest | $859,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,242,855 |
| Insurance | $304,354 |
| All other expenses | $0 |
| Total functional expenses | $22,358,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,700 |
| Savings and temporary cash investments | $417,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,767,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $324,106 |
| Prepaid expenses and deferred charges | $323,747 |
| Net Land, buildings, and equipment | $30,288,244 |
| Investments—publicly traded securities | $28,118,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,742,741 |
| Total assets | $65,983,496 |
| Accounts payable and accrued expenses | $893,986 |
| Grants payable | $0 |
| Deferred revenue | $4,437,077 |
| Tax-exempt bond liabilities | $16,034,332 |
| 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 | $2,418,293 |
| Total liabilities | $23,783,688 |
| Net assets without donor restrictions | $35,470,301 |
| Net assets with donor restrictions | $6,729,507 |
| 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 | $65,983,496 |