Dock Acres Inc
- Assets
- $67.2m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Lansdale, PA
- Founding
- 01/1986
- Data as of
- 06/2021
- EIN
- 23-2233514
Organization Overview
Dock Acres Inc is located in Lansdale, PA. The organization was established in 1986. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Dock Acres Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dock Acres Inc 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, Dock Acres Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $8.0m during the year ending 06/2021. While expenses have increased by 3.1% 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
HEALTH CARE AND HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCK ACRES, INC., OPERATES AND MAINTAINS HOUSING FOR SENIOR ADULTS AND PROVIDES, ON A NONPROFIT BASIS, HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE SPIRITUAL, PHYSICAL, EMOTIONAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF AGING. DOCK ACRES, INC., CONTRIBUTES TO RESIDENTS' HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING AND ENGAGES THEM IN PROGRAMS DESIGNED TO PROMOTE AND ENCOURAGE THEIR WELLBEING.THE ORGANIZATION PROVIDES HOUSING, NURSING, REHABILITATION, AND OTHER RELATED SERVICES TO COMMUNITY MEMBERS THROUGH THE OPERATION OF 174 RESIDENTIAL LIVING COTTAGES AND VILLAS (DOCK ACRES DIVISION) AND 89 RESIDENTIAL LIVING APARTMENTS (DOCK GARDENS DIVISION). THE COMMUNITY PROVIDES HEALTH CARE SERVICES TO THESE RESIDENTS THROUGH A CONTINUING CARE AGREEMENT THAT INCLUDES HATFIELD MENNONITE HOME. FOR FISCAL YEAR ENDING JUNE 30, 2021; 380 PEOPLE WERE PROVIDED CARE, MAINTAINING AN AVERAGE CENSUS OF 97%. RESIDENTS CAN RECEIVE BENEVOLENT CARE IF THEIR RESOURCES ARE NOT SUFFICIENT TO COVER THE FULL COST OF THEIR CARE.DOCK ACRES ALSO SERVES THE BROADER COMMUNITY BY PROVIDING EDUCATIONAL SEMINARS. THE FACILITY IS AVAILABLE AT NO CHARGE TO HEALTH SERVICE ORGANIZATIONS PROVIDING SUPPORT AND EDUCATION ON HEALTH TOPICS. THE FACILITY ALSO HOSTS SEMINARS ON MEETING THE NEEDS OF THE ELDERLY FOR PASTORS AND THOSE SERVING SENIORS IN THE BROADER COMMUNITY. IT ALSO SERVES SPOUSES AND FAMILY MEMBERS OF PERSONS SUFFERING FROM DEMENTIA BY HOSTING A SUPPORT GROUP THAT IS OPEN TO THE PUBLIC.THE FACILITY ALSO SERVES THE LOCAL COMMUNITY BY SERVING AS A POLLING PLACE FOR ELECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela S Hackman Secretary | OfficerTrustee | 0.1 | $0 |
Kenneth J Clemmer Chair | OfficerTrustee | 0.1 | $0 |
John W Duerksen Vice Chair | OfficerTrustee | 0.1 | $0 |
L Brent Kolb Treasurer | OfficerTrustee | 0.1 | $0 |
Nancy Donnelly Executive Director - Dw | Officer | 10 | $0 |
Steven D Myers Chief Financial & Tech Officer | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Construction Company Inc Construction | 6/29/21 | $836,151 |
R E Morrison Contracting Inc Construction | 6/29/21 | $208,948 |
Horgan Brothers Inc Construction | 6/29/21 | $237,540 |
Clarke's Landscaping & Lawn Inc Landscaping | 6/29/21 | $231,732 |
Good Inc Plumbing & Hvac Svcs | 6/29/21 | $166,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,630 |
| 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 | $1,630 |
| Total Program Service Revenue | $7,898,000 |
| Investment income | $762,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,293 |
| Net Gain/Loss on Asset Sales | $1,497,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,315,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $197,600 |
| 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 | $1,149,913 |
| Pension plan accruals and contributions | $33,593 |
| Other employee benefits | $176,592 |
| Payroll taxes | $84,250 |
| Fees for services: Management | $476,442 |
| Fees for services: Legal | $3,096 |
| Fees for services: Accounting | $13,746 |
| Fees for services: Lobbying | $529 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,795 |
| Fees for services: Other | $654,843 |
| Advertising and promotion | $100,136 |
| Office expenses | $292,437 |
| Information technology | $110,462 |
| Royalties | $0 |
| Occupancy | $1,365,302 |
| Travel | $5,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $755 |
| Interest | $117,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,140,962 |
| Insurance | $39,122 |
| All other expenses | $4,211 |
| Total functional expenses | $8,025,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $802,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,063 |
| 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 | $258,733 |
| Net Land, buildings, and equipment | $28,088,778 |
| Investments—publicly traded securities | $37,787,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$131,548 |
| Total assets | $67,194,960 |
| Accounts payable and accrued expenses | $1,528,739 |
| Grants payable | $0 |
| Deferred revenue | $15,138,689 |
| Tax-exempt bond liabilities | $2,463,123 |
| 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 | $18,576,883 |
| Total liabilities | $37,707,434 |
| Net assets without donor restrictions | $29,487,526 |
| 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 | $67,194,960 |
Grants Awarded
Over the last fiscal year, Dock Acres Inc has awarded $163,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lansdale, PA PURPOSE: GENERAL OPERATIONS | $143,850 |
Lansdale, PA PURPOSE: GENERAL OPERATIONS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Homewood At Williamsport Md Inc Williamsport, MD | $33,819,654 | $18,842,651 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |