Lifequest Nursing Center
- Assets
- $3.4m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 142
- Location
- Quakertown, PA
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 23-2141757
Organization Overview
Lifequest Nursing Center is located in Quakertown, PA. The organization was established in 1982. 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, Lifequest Nursing Center employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifequest Nursing Center 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, Lifequest Nursing Center generated $11.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A 140-BED NURSING HOME AND A 123-BED ASSISTED LIVING LOCATED IN QUAKERTOWN, PENNSYLVANIA, PROVIDING SHORT-TERM REHABILITATIVE CARE, MEMORY CARE, LONG-TERM SKILLED NURSING CARE, AND ASSISTED LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING CARE SERVICES PROVIDED: SKILLED AND INTERMEDIATE NURSING CARE TO RESIDENTS; ANCILLARY AND SUPPORTING SERVICES PROVIDED: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, MEDICAL SUPPLIES, RADIOLOGY, PHARMACY, SOCIAL SERVICES, ACTIVITIES AND ADMISSIONS; GENERAL SERVICES PROVIDED: FOOD HOUSEKEEPING, LAUNDRY SERVCIES, AND ALLOCATED INDIRECT COSTS ASSOCIATED WITH THE OEPRATION AND MAINTENANCE OF THE PHYSICAL PLANT. IN NOVEMBER, 2020 THE ORGANIZATION OPENED A 123 UNIT ASSISTED LIVING FACILITY ADJACENT TO THE EXISTING NURSING FACILITY AND RENOVATED THE NURSING FACILITY TO CONVERT 15 BEDS TO MEMORY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Synder Co-Chairman | Trustee | 1 | $0 |
Barbara Lampe Director | OfficerTrustee | 1 | $0 |
Philip Steeley Sec/treasurer | OfficerTrustee | 1 | $0 |
Stanley Hunter Director | Trustee | 1 | $0 |
Charles Isaac Director | Trustee | 1 | $0 |
Charles Moyer Co-Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plexus Group Management Services | 6/29/22 | $553,994 |
Sodexo Food Service | 6/29/22 | $1,174,768 |
Select Rehabilitation Therapy Services | 6/29/22 | $929,842 |
Aetna Health Benefits | 6/29/22 | $389,474 |
Medline Industries Inc Medical Supplies | 6/29/22 | $159,680 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,006,253 |
| Investment income | $2,285 |
| 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 | $11,902,725 |
| 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 | $4,519,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $439,352 |
| Payroll taxes | $336,385 |
| Fees for services: Management | $792,718 |
| Fees for services: Legal | $151,495 |
| Fees for services: Accounting | $61,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $223,033 |
| Office expenses | $53,113 |
| Information technology | $63,980 |
| Royalties | $0 |
| Occupancy | $1,358,869 |
| Travel | $2,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,914,253 |
| Insurance | $210,906 |
| All other expenses | $142,664 |
| Total functional expenses | $15,348,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,900 |
| Savings and temporary cash investments | $291,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,231,137 |
| 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 | $1,121,270 |
| Net Land, buildings, and equipment | $33,529,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $249,942 |
| Other assets | -$33,040,119 |
| Total assets | $3,385,073 |
| Accounts payable and accrued expenses | $1,898,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,496,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,573 |
| Total liabilities | $11,457,852 |
| Net assets without donor restrictions | -$8,072,779 |
| 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 | $3,385,073 |