Fairmount Homes
- Assets
- $51.3m
- Revenue
- $22.9m
- Investments
- $0.0
- Employees
- 392
- Location
- Ephrata, PA
- Founding
- 06/1967
- Data as of
- 06/2021
- EIN
- 23-1680874
Organization Overview
Fairmount Homes is located in Ephrata, PA. The organization was established in 1967. 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, Fairmount Homes employed 392 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmount Homes 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, Fairmount Homes generated $22.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $20.7m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAIRMOUNT HOMES IS A MINISTRY WITH MATURE ADULTS, PROVIDING HIGH QUALITY SERVICES, PROMOTING WHOLENESS AND CREATIVE LIVING CONSISTENT WITH CHRIST-CENTERED MENNONITE VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY. THE ORGANIZATION PROVIDED 34,857 RESIDENT DAYS FOR SKILLED NURSING CARE, 20,500 RESIDENT DAYS FOR PERSONAL CARE, AND 86,116 RESIDENT DAYS FOR RESIDENTIAL/INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Lile CEO | Officer | 60 | $276,622 |
Susan Noriega VP Health Services | Officer | 60 | $149,346 |
Kent E Richard COO | Officer | 60 | $146,938 |
Susan Howard Director Of Hr | 60 | $124,828 | |
Heather Hetrich Rnac | 60 | $113,206 | |
Allan Chanko CFO | Officer | 60 | $112,956 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covenant Alliance Rehab East Llc Therapy Services | 6/29/21 | $739,757 |
Hurst Electric Llc Electrical Contractor | 6/29/21 | $139,186 |
Rkl Llp Accounting Services | 6/29/21 | $131,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,181 |
| Related organizations | $0 |
| Government grants | $2,722,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $978,322 |
| Noncash contributions included in lines 1a–1f | $48,431 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,776,197 |
| Total Program Service Revenue | $18,506,142 |
| Investment income | $129,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $255,131 |
| Net Income from Fundraising Events | -$30,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,895,957 |
| 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. | $858,597 |
| Compensation of current officers, directors, key employees. | $858,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,964,489 |
| Pension plan accruals and contributions | $508,975 |
| Other employee benefits | $1,310,523 |
| Payroll taxes | $927,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,121 |
| Fees for services: Accounting | $53,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,058 |
| Fees for services: Other | $710,969 |
| Advertising and promotion | $49,691 |
| Office expenses | $734,533 |
| Information technology | $249,457 |
| Royalties | $0 |
| Occupancy | $875,338 |
| Travel | $21,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,191 |
| Interest | $497,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,403,652 |
| Insurance | $185,199 |
| All other expenses | $0 |
| Total functional expenses | $20,727,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,821 |
| Savings and temporary cash investments | $1,025,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,650,707 |
| 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 | $1,083,285 |
| Net Land, buildings, and equipment | $39,833,678 |
| Investments—publicly traded securities | $7,584,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,163 |
| Total assets | $51,290,101 |
| Accounts payable and accrued expenses | $1,835,202 |
| Grants payable | $0 |
| Deferred revenue | $12,695,203 |
| Tax-exempt bond liabilities | $13,086,311 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $685,313 |
| Unsecured mortgages and notes payable | $1,257,317 |
| Other liabilities | $0 |
| Total liabilities | $29,559,346 |
| Net assets without donor restrictions | $21,730,755 |
| 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 | $51,290,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairmount Homes has recieved totaling $20,056.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $20,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Morris Hall St Lawrence Inc Lawrenceville, NJ | $55,795,819 | $48,236,558 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |
United Odd Fellow And Rebekah Home Bronx, NY | $62,645,372 | $41,096,050 |