Hearthstone Senior Communities Inc

Organization Overview

Hearthstone Senior Communities Inc is located in Bala Cynwyd, PA. The organization was established in 2000. 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 12/2021, Hearthstone Senior Communities Inc employed 1,447 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearthstone Senior Communities 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, Hearthstone Senior Communities Inc generated $83.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $96.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE NURSING HOMES, PROVIDE HOUSING, AND DEVELOP MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OPERATES 8 SKILLED NURSING FACILITIES, WITH A COMBINED CAPACITY OF 960 BEDS, DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND SHORT AND LONG TERM NURSING AND MEDICAL CARE OF PATIENTS AND RESIDENTS. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED ENVIRONMENT. DURING THE CURRENT YEAR, THERE WERE 144,903 RESIDENT DAYS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Select Rehabilitation Inc
Therapy Services
$6,496,122
Kane Financial Services
Consulting Services
$2,487,991
Gale Healthcare Solutions - Florida Llc
Staffing Services
$2,074,015
Healthcare Services Group Inc
Environmental Services
$2,104,676
Consulting Support Services Llc
Consulting Services
$1,782,607
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $721,504
All other contributions, gifts, grants, and similar amounts not included above$1,130,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,852,204
Total Program Service Revenue$81,572,473
Investment income $23,441
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $83,448,118

Grants Awarded

Over the last fiscal year, Hearthstone Senior Communities Inc has awarded $1,190,726 in support to 2 organizations.

Grant RecipientAmount

FRONTLINE FOUNDATION INC

PURPOSE: GENERAL SUPPORT

$1,180,000

COUNCIL FOR SENIOR FLORIDIANS

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: GENERAL SUPPORT

$10,726
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hearthstone Senior Communities Inc has recieved totaling $5,803,154.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: TO CAPITALIZE AND SUPPORT OPERATIONS

|

$5,803,154
View Grant Recipient Profile

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