Beaumont Retirement Services Inc
- Assets
- $45.7m
- Revenue
- $22.9m
- Investments
- $3.3m
- Employees
- 332
- Location
- Bryn Mawr, PA
- Founding
- 05/1988
- Data as of
- 12/2021
- 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. As of 12/2021, Beaumont Retirement Services Inc employed 332 individuals. 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 12/2021, Beaumont Retirement Services Inc generated $22.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $20.3m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Peduzzi Board Secretary, President | OfficerTrustee | 40 | $431,409 |
Susan Kendra Board Asst Treas/vp Of Finance/cfo | Officer | 40 | $234,904 |
Heather Heiland VP Of Health Services | 40 | $169,348 | |
Brock Nichols Assistant VP Of Operations | 40 | $159,689 | |
Natasha Ivey Rn Supervisor | 40 | $141,007 | |
Marcia Davis Rn Supervisor | 40 | $139,258 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Warfel Construction Company Construction Contractors | 12/30/21 | $7,249,934 |
It Landes Heating And Ac Contractor | 12/30/21 | $592,508 |
Advanced Network Products Inc It Services | 12/30/21 | $413,890 |
Benchmark Technologies Therapy Provider | 12/30/21 | $365,485 |
Articus Marketing Consulting | 12/30/21 | $251,320 |
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 | $545,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,249 |
| Total Program Service Revenue | $21,955,827 |
| Investment income | $169,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,861,189 |
| 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. | $711,713 |
| Compensation of current officers, directors, key employees. | $569,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,135,433 |
| Pension plan accruals and contributions | $388,363 |
| Other employee benefits | $1,283,013 |
| Payroll taxes | $811,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,052 |
| Fees for services: Accounting | $47,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,933 |
| Advertising and promotion | $312,656 |
| Office expenses | $3,961 |
| Information technology | $649,001 |
| Royalties | $0 |
| Occupancy | $167,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,027 |
| Insurance | $265,021 |
| All other expenses | $440,237 |
| Total functional expenses | $20,347,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181 |
| Savings and temporary cash investments | $23,644,835 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $643,777 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,178 |
| Prepaid expenses and deferred charges | $366,970 |
| Net Land, buildings, and equipment | $12,637,626 |
| Investments—publicly traded securities | $5,034,366 |
| Investments—other securities | $3,266,322 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,578 |
| Total assets | $45,687,833 |
| Accounts payable and accrued expenses | $4,107,054 |
| 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 | $2,250,000 |
| Other liabilities | $19,269,918 |
| Total liabilities | $25,626,972 |
| Net assets without donor restrictions | $18,425,783 |
| Net assets with donor restrictions | $1,635,078 |
| 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 | $45,687,833 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beaumont Retirement Services Inc has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: GREATEST NEED | $20,000 |
Demos Family Foundation Bryn Mawr, PA PURPOSE: BEAUMONT FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $14,440,739 |
| Earnings | $939,393 |
| Net Contributions | $4,548,719 |
| Other Expense | $4,601,469 |
| Grants | $30,400 |
| Ending Balance | $15,296,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
Messiah Home Mechanicsburg, PA | $178,549,269 | $51,412,413 |
Fellowship Senior Living Inc Basking Ridge, NJ | $187,391,253 | $47,338,549 |
Brethren Home Community New Oxford, PA | $203,107,620 | $47,521,434 |
Maple Knoll Communities Inc Cincinnati, OH | $123,123,326 | $44,611,272 |
The Mennonite Home Lancaster, PA | $196,485,253 | $48,109,566 |
The Village At Rockville Inc Frederick, MD | $175,992,547 | $34,000,172 |
Landis Homes Retirement Community Lititz, PA | $172,325,737 | $44,637,724 |
Asbury Inc Frederick, MD | $80,704,465 | $39,927,876 |
Otterbein Lebanon Lebanon, OH | $186,378,501 | $44,867,411 |
United Methodist Homes Of New Jersey Neptune, NJ | $66,409,487 | $39,329,714 |
Meadowood Corporation Worcester, PA | $160,208,688 | $42,941,264 |