Montefiore Housing Corporation
- Assets
- $22.0m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 177
- Location
- Beachwood, OH
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 31-1501393
Organization Overview
Montefiore Housing Corporation, operating under the name The Weils of Bainbridge, is located in Beachwood, OH. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Weils of Bainbridge employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weils of Bainbridge 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, Weils of Bainbridge generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $10.9m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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
THE WEILS PROVIDES THE FINEST IN RESIDENTIAL, NURSING, AND DEMENTIA CARE, WITH SERVICES AND AMENITIES AT THE HIGHEST STANDARDS OF EXCELLENCE. THE WEILS IS DEDICATED TO ENHANCING THE DISTINCTIVE LIFESTYLE OF ITS RESIDENTS ABOVE ALL. THE WEILS' STAFF OF HEALTHCARE PROFESSIONALS IS COMMITTED TO HELPING RESIDENTS PROMOTE AND MAINTAIN THEIR PHYSICAL, EMOTIONAL, MENTAL, AND SPIRITUAL HEALTH AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WEILS OF BAINBRIDGE IS AN ASSISTED LIVING FACILITY WHICH CATERS TO THE NEEDS OF THE ELDERLY INCLUDING NURSING CARE, ACTIVITIES, PROGRAMS, AND OTHER DAILY TASKS (75 SUITES).
THE REHAB PAVILION AT THE WEILS IS A REHAB FACILITY FOR POST HOSPITAL PATIENTS WHO NEED ADDITIONAL NURSING CARE AND THERAPY TO REGAIN THEIR STRENGTH BEFORE RETURNING HOME.
THE MEMORY CARE UNIT, AKA ROBINSON RESIDENCE, AT THE WEILS OFFERS A SAFE, NURTURING AND HOME-LIKE ENVIRONMENT WITH ACTIVITIES AND NURSING CARE FOR THOSE WITH EARLY-TO-MID STAGE DEMENTIA AND ALZHEIMER'S (18 SUITES).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Kodrich Admissions Manager | 40 | $116,365 | |
Beatrice Muniumaina Mds Nurse | 40 | $109,439 | |
Ariel Hyman Administrator | 40 | $66,102 | |
Andrew Hoffmann Treasurer/secretary Thru 7/1/2020 | OfficerTrustee | 0.25 | $0 |
Greg Marcus Assoc Treasurer | OfficerTrustee | 1 | $0 |
Steven Willensky Immediate Past Chair Thru 7/1/2020 | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Awesome Companionship Care Agency Llc Nursing Staff | 6/29/21 | $109,955 |
Healthpro Therapy Services Llc Therapy Staff | 6/29/21 | $110,967 |
Synchronicity Health Technology Inc Dba Nursedash Nursing Staff | 6/29/21 | $137,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,001 |
| Government grants | $64,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,971 |
| Total Program Service Revenue | $9,960,487 |
| Investment income | $339 |
| 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 | $10,033,797 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,372,289 |
| Pension plan accruals and contributions | $14,058 |
| Other employee benefits | $320,719 |
| Payroll taxes | $340,845 |
| Fees for services: Management | $643,940 |
| Fees for services: Legal | $10,360 |
| Fees for services: Accounting | $16,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,317 |
| Advertising and promotion | $35,970 |
| Office expenses | $760,257 |
| Information technology | $38,066 |
| Royalties | $0 |
| Occupancy | $680,674 |
| Travel | $26,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $154,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $971,387 |
| Insurance | $279,364 |
| All other expenses | $0 |
| Total functional expenses | $10,940,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,866 |
| Savings and temporary cash investments | $512,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,423,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,081 |
| Prepaid expenses and deferred charges | $270,445 |
| Net Land, buildings, and equipment | $17,677,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $454,000 |
| Other assets | $12,961 |
| Total assets | $22,016,331 |
| Accounts payable and accrued expenses | $1,042,727 |
| Grants payable | $0 |
| Deferred revenue | $365,594 |
| Tax-exempt bond liabilities | $12,075,900 |
| 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 | $153,937 |
| Total liabilities | $13,638,158 |
| Net assets without donor restrictions | $8,378,173 |
| 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 | $22,016,331 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montefiore Housing Corporation has recieved totaling $8,001.
| Awarding Organization | Amount |
|---|---|
Montefiore Foundation Beachwood, OH PURPOSE: Program Support | $8,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Twin Lakes Cincinnati, OH | $221,116,873 | $30,548,357 |
Lutheran Home For The Aged Erie, PA | $0 | $39,821,403 |
St Leonard Centerville, OH | $96,777,617 | $31,237,067 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Allied Services Personal Care Inc Clarks Summit, PA | $28,269,893 | $25,176,548 |
Colonial Senior Services Inc Hamilton, OH | $79,845,037 | $27,642,805 |
Clark Retirement Community Inc Grand Rapids, MI | $96,381,064 | $20,508,927 |
Centre Care Inc Bellefonte, PA | $56,359,644 | $23,258,670 |