White Horse Village Inc
- Assets
- $142.1m
- Revenue
- $41.2m
- Investments
- $0.0
- Employees
- 522
- Location
- Newtown Square, PA
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 23-2499121
Organization Overview
White Horse Village Inc is located in Newtown Square, 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, White Horse Village Inc employed 522 individuals. White Horse Village 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, White Horse Village Inc generated $41.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $35.7m during the year ending 12/2021. While expenses have increased by 2.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY WITH A CONTINUUM OF CARE
Describe the Organization's Program Activity:
LOCATED ON NEARLY ONE HUNDRED ACRES IN NEWTOWN SQUARE, PA, WHITE HORSE VILLAGE OFFERS A BEAUTIFUL, TRANQUIL SETTING SURROUNDED BY URBAN CENTERS AND NEARBY ATTRACTIONS, INCLUDING NEIGHBORING RIDLEY CREEK STATE PARK, LONGWOOD GARDENS, VALLEY FORGE NATIONAL HISTORICAL PARK, KING OF PRUSSIA MALL, AND CENTER CITY PHILADELPHIA. RESIDENTS ENJOY AN ABUNDANCE OF RECREATIONAL OPPORTUNITIES WITH THE CONVENIENCE OF MANY ON-SITE SERVICES, FROM BANKING TO SALON, AT THEIR FINGERTIPS.WHITE HORSE VILLAGE IS AN ACTIVE SENIOR LIVING COMMUNITY OFFERING 331 INDEPENDENT RESIDENCE OPTIONS, AND A TWO-STORY HEALTHCARE CENTER FEATURING 57 PRIVATE SKILLED NURSING ROOMS, 48 PERSONAL CARE SUITES, AND 20 PRIVATE ROOMS IN A MEMORY SUPPORT NEIGHBORHOOD. WE ARE PROGRESSIVE IN OUR THOUGHTS AND ACTIONS AND PASSIONATE ABOUT LEADING THE WAY IN OUR APPROACH TO INNOVATIVE AND SUSTAINABLE LIVING. AS A NONPROFIT ORGANIZATION, WHITE HORSE VILLAGE REINVESTS EARNINGS BACK INTO THE ORGANIZATION TO FURTHER OUR MISSION AND VISION.WHITE HORSE VILLAGE INC. PROVIDES CARE UNDER LIFE CARE CONTRACTS TO APPROXIMATELY 500 ADULTS, ALL OVER THE AGE OF 62. UNDER THESE CONTRACTS, WHITE HORSE VILLAGE INC. PROVIDES HOUSING, MEALS, UTILITIES, MAINTENANCE, AND CERTAIN MEDICAL SERVICES TO THESE RESIDENTS. AS PART OF ITS EFFORTS TO SUPPORT THE SURROUNDING COMMUNITY, WHV HAS INVITED THE RESIDENTS OF A NEIGHBORING 55 AND OVER COMMUNITY TO PARTICIPATE IN WHV'S LIFESTYLE AND EVENTS. WHV COLLECTS A MODEST MONTHLY FEE FROM THE 55 AND OVER COMMUNITY AND IN EXCHANGE, ITS RESIDENTS GAIN ACCESS TO WHV'S WELLNESS PROGRAMS AND OUTPATIENT CLINIC WHERE THEY CAN RECEIVE MEDICAL TREATMENT INCLUDING VACCINATIONS FOR COVID19 AND THE FLU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Weiser President/ceo | Officer | 40 | $350,662 |
Mark Wasserman VP Of Finance & CFO | Officer | 40 | $223,904 |
Robert J Higgins VP Property & Facilities | Officer | 40 | $206,315 |
Tina Boukalis VP Resident Services | Officer | 40 | $200,896 |
Susan Abtouche VP Mission Enhancement | Officer | 40 | $162,311 |
Brittany Brown Nursing Home Administrator | 40 | $142,245 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Rehabilitation Services | 12/30/21 | $676,427 |
Home Instead Senior Care Home Care | 12/30/21 | $1,508,562 |
Advanced Electrical Service Group Electrical Contractor | 12/30/21 | $592,635 |
Unidine Corporation Food Service | 12/30/21 | $615,047 |
Herman Goldner Company Inc Mechanical Construction | 12/30/21 | $566,648 |
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 | $177,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,143 |
| Total Program Service Revenue | $39,288,058 |
| Investment income | $707,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,274 |
| Net Gain/Loss on Asset Sales | $518,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,233,187 |
| 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. | $1,318,867 |
| Compensation of current officers, directors, key employees. | $1,318,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,797,902 |
| Pension plan accruals and contributions | $284,540 |
| Other employee benefits | $2,691,150 |
| Payroll taxes | $936,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,895 |
| Fees for services: Accounting | $50,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $147,957 |
| Fees for services: Other | $2,584,445 |
| Advertising and promotion | $196,449 |
| Office expenses | $812,913 |
| Information technology | $335,214 |
| Royalties | $0 |
| Occupancy | $2,834,400 |
| Travel | $10,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,504,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,806,801 |
| Insurance | $422,352 |
| All other expenses | $646,429 |
| Total functional expenses | $35,657,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,416 |
| Savings and temporary cash investments | $16,731,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $793,205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,017 |
| Prepaid expenses and deferred charges | $699,849 |
| Net Land, buildings, and equipment | $85,996,247 |
| Investments—publicly traded securities | $37,360,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,004 |
| Total assets | $142,126,784 |
| Accounts payable and accrued expenses | $4,105,562 |
| Grants payable | $0 |
| Deferred revenue | $122,138 |
| Tax-exempt bond liabilities | $30,064,659 |
| 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 | $82,061,124 |
| Total liabilities | $116,353,483 |
| Net assets without donor restrictions | $25,773,301 |
| 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 | $142,126,784 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that White Horse Village Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $4,969,123 |
| Earnings | $729,993 |
| Net Contributions | $139,451 |
| Other Expense | $53,741 |
| Grants | $249,913 |
| Ending Balance | $5,534,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Oak Crest Village Inc Parkville, MD | $495,556,334 | $90,971,954 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Albright Care Services Frederick, MD | $96,340,327 | $64,491,895 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |