Newcourtland Elder Service
- Assets
- $143.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Philadelphia, PA
- Founding
- 04/1997
- Data as of
- 06/2021
- EIN
- 23-2734102
Organization Overview
Newcourtland Elder Service is located in Philadelphia, PA. The organization was established in 1997. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2021, Newcourtland Elder Service employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newcourtland Elder Service 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, Newcourtland Elder Service generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $11.9m during the year ending 06/2021. 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
THE CORPORATION IS ORGANIZED AND OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSE OF THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA (FID#22-2524368), A PENNSYLVANIA NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3)OF THE CODE. THE CORPORATION'S PRIMARY PURPOSE IS TO CARRY OUT THE PURPOSES OF THE FOUNDATION WHICH ARE DEDICATED TO DIRECTLY OR INDIRECTLY PROVIDING FOR THE NEEDS OF PERSONS WHO ARE SICK, DISABLED, AGED OR DISADVANTAGED, REGARDLESS OF THEIR RACE, COLOR OR CREED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES MANAGEMENT, ADMINISTRATIVE AND FINANCIAL SERVICES TO ORGANIZATIONS THAT CARE FOR THE ELDERLY, HOMELESS AND VETERANS THROUGH A NURSING HOME, ASSISTED AND INDEPENDENT LIVING FACILITIES, SKILLED NURSING CARE AND OTHER ELDER CARE ORGANIZATIONS. AS OF JUNE 30, 2021 NEWCOURTLAND IS THE SUPPORTING ORGANIZATION FOR 18 AFFILIATES THAT PROVIDE SERVICES AND HOUSING TO THE ELDERLY IN PHILADELPHIA.
NEWCOURTLAND ISSUED A GRANT PAYABLE TO HOLY FAMILY UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Duffey Chairman Of The Board | OfficerTrustee | 39 | $307,032 |
Michael Demarco CFO | Officer | 39 | $238,547 |
Robert Kent VP Operations & Plans | OfficerTrustee | 39 | $219,929 |
Paul Funaro VP Utilization Management | Officer | 39 | $191,587 |
Kevin Stewart Director Of It | 35 | $149,696 | |
Dr Mary Schuler Medical Director | 1 | $137,615 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith Insurance Company Workers Compensation | 6/29/21 | $303,549 |
Veritas Health Systems Inc Executive Management | 6/29/21 | $240,000 |
O'dell Studner Group Insurance Broker | 6/29/21 | $1,609,575 |
Logo Concepts Llc Marcia G Nozik Provider Of Personal Protection Equipment | 6/29/21 | $128,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,649,950 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $731,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,381,200 |
| Total Program Service Revenue | $1,382,698 |
| Investment income | $1,006,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,986,931 |
| 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 | $7,770,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,485 |
| 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. | $957,095 |
| Compensation of current officers, directors, key employees. | $957,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,064,160 |
| Pension plan accruals and contributions | $276,652 |
| Other employee benefits | $609,520 |
| Payroll taxes | $267,056 |
| Fees for services: Management | $1,041,971 |
| Fees for services: Legal | $193,340 |
| Fees for services: Accounting | $75,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $450 |
| Office expenses | $80,069 |
| Information technology | $379,764 |
| Royalties | $0 |
| Occupancy | $2,109,194 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,610 |
| Interest | $1,298,899 |
| Payments to affiliates | $480,441 |
| Depreciation, depletion, and amortization | $406,866 |
| Insurance | $93,460 |
| All other expenses | $136,003 |
| Total functional expenses | $11,921,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,252,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,787,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $44,910,718 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $62,591 |
| Net Land, buildings, and equipment | $14,417,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,638,995 |
| Intangible assets | $0 |
| Other assets | $52,599,678 |
| Total assets | $143,669,356 |
| Accounts payable and accrued expenses | $2,091,230 |
| Grants payable | $3,114,157 |
| 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 | $111,807,461 |
| Other liabilities | $20,955,518 |
| Total liabilities | $137,968,366 |
| Net assets without donor restrictions | $5,700,990 |
| 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 | $143,669,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |