Beaumont Retirement Services Inc
- Assets
- $31.5m
- Revenue
- $51.9m
- Investments
- $3.3m
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 23-2324586
Organization Overview
Beaumont Retirement Services Inc is located in Bryn Mawr, PA. The organization was established in 1988. 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. Beaumont Retirement Services 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 12/2023, Beaumont Retirement Services Inc generated $51.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $22.5m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BEAUMONT AT BRYN MAWR WAS CONCEIVED AND DEVELOPED AS A NON-PROFIT (CONTINUED ON SCHEDULE O) ORGANIZATION TO MEET THE NEED FOR A VIBRANT, QUALITY RETIREMENT COMMUNITY. OUR VISION IS TO FULFILL THE SOCIAL, RECREATIONAL AND HEALTH NEEDS OF ACTIVE ADULTS AGE 60 AND OLDER. TO THIS END, BEAUMONT OFFERS A MEANINGFUL AND ENGAGED LIFESTYLE IN A FRIENDLY ATMOSPHERE; INDEPENDENCE AND PRIVACY THROUGH OUR COOPERATIVE OWNERSHIP STRUCTURE; EXCELLENT HEALTHCARE FACILITIES AND SECURITY; A STRONG, STABLE AND SECURE FINANCIAL STRUCTURE; AND A SPIRIT OF MUTUAL CONCERN AND RESPECT AMONG RESIDENTS AND STAFF IN ORDER TO PERPETUATE OUR 5-STAR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEDICAL AND NON-MEDICAL SERVICES TO THE ELDERLY RESIDENTS OF BEAUMONT; INCLUDING THE TEMPORARY OR PERMANENT OCCUPANCY IN THE HEALTH CARE CENTER AND PERSONAL CARE FACILITY AND TO OPERATE THE PROJECT FOR THE CO-OP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Slattery Chairman | OfficerTrustee | 1.5 | $0 |
Martha H Morris Vice-Chair | OfficerTrustee | 1.5 | $0 |
Joseph Peduzzi Secretary, President | OfficerTrustee | 40 | $483,712 |
Margaret Balamuth Director | Trustee | 1.5 | $0 |
Barbara Benson Director | Trustee | 1.5 | $0 |
Richard Lange Director (thru 4/2023) | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Warfel Construction Company Construction Contractors | 12/30/23 | $5,622,751 |
Jl Roofing & Siding Inc Roofing Contractor | 12/30/23 | $1,863,665 |
Benchmark Technologies Therapy Provider | 12/30/23 | $423,837 |
Industrial Mechanical Contractors Inc Hvac Contractor | 12/30/23 | $312,968 |
Articus Ltd Marketing Consulting | 12/30/23 | $251,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,393,234 |
| Total Program Service Revenue | $48,701,321 |
| Investment income | $814,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,907,152 |
| 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. | $1,156,728 |
| Compensation of current officers, directors, key employees. | $842,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,873,878 |
| Pension plan accruals and contributions | $383,882 |
| Other employee benefits | $1,259,185 |
| Payroll taxes | $907,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $299,741 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,115 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $134,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,157 |
| Insurance | $360,528 |
| All other expenses | $534,401 |
| Total functional expenses | $22,505,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181 |
| Savings and temporary cash investments | $18,364,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,295,567 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,357 |
| Prepaid expenses and deferred charges | $604,455 |
| Net Land, buildings, and equipment | $1,857,737 |
| Investments—publicly traded securities | $5,017,669 |
| Investments—other securities | $3,312,211 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,298 |
| Total assets | $31,525,466 |
| Accounts payable and accrued expenses | $3,058,778 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $4,583,691 |
| Other liabilities | $36,389 |
| Total liabilities | $7,678,858 |
| Net assets without donor restrictions | $21,969,657 |
| Net assets with donor restrictions | $1,876,951 |
| 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 | $31,525,466 |