Eastcastle Place Inc
- Assets
- $70.0m
- Revenue
- $14.4m
- Investments
- $7.5m
- Employees
- 311
- Location
- Milwaukee, WI
- Founding
- 08/1942
- Data as of
- 09/2023
- EIN
- 39-0830668
Organization Overview
Eastcastle Place Inc is located in Milwaukee, WI. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Eastcastle Place Inc employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastcastle Place 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 09/2023, Eastcastle Place Inc generated $14.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $17.5m during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVALESCENT CENTER SERVICES: PROVIDE CARE AND SERVICES TO RESIDENTS IN NEED OF SKILLED NURSING CARE.
PROVIDE ASSISTED LIVING AND MEMORY SUPPORT SERVICES TO RESIDENTS AT A LEVEL OF CARE NOT REQUIRING SKILLED CARE.PROVIDE HOME RESIDENT SERVICES INCLUDING LIMITED CARE FOR RESIDENTS AT AN INDEPENDENT LEVEL.
PROVIDE ASSISTED LIVING AND MEMORY SUPPORT SERVICES TO RESIDENTS AT A LEVEL OF CARE NOT REQUIRING SKILLED CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Kernen Chairman (thru Oct 2022) | OfficerTrustee | 1 | $0 |
Barbara Tice Chairman | OfficerTrustee | 1 | $0 |
Jay Van Cleave Treasurer | OfficerTrustee | 1 | $0 |
George Marek Secretary | OfficerTrustee | 1 | $0 |
Tony Besasie E.c. Member At Large (thru Oct 2022) | Trustee | 1 | $0 |
Nancy O'donnell E.c. Member At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lcs Holding Company Llc Consulting And Management Services | 9/29/23 | $1,116,901 |
Quality Care Rehab Therapy Services | 9/29/23 | $421,721 |
Kare Technologies Llc Agency Nurses And C.n.a.s | 9/29/23 | $240,781 |
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 | $99,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,287 |
| Total Program Service Revenue | $13,531,177 |
| Investment income | $446,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$91,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,352,357 |
| 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. | $138,581 |
| Compensation of current officers, directors, key employees. | $138,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,114,991 |
| Pension plan accruals and contributions | $142,495 |
| Other employee benefits | $1,123,959 |
| Payroll taxes | $533,726 |
| Fees for services: Management | $512,751 |
| Fees for services: Legal | $3,539 |
| Fees for services: Accounting | $85,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $938,756 |
| Advertising and promotion | $341,551 |
| Office expenses | $37,773 |
| Information technology | $57,161 |
| Royalties | $0 |
| Occupancy | $873,881 |
| Travel | $49,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,040,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,253,818 |
| Insurance | $262,050 |
| All other expenses | $396,168 |
| Total functional expenses | $17,481,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,078,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,545,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,408 |
| Prepaid expenses and deferred charges | $40,940 |
| Net Land, buildings, and equipment | $47,752,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,548,131 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,980,268 |
| Total assets | $69,972,358 |
| Accounts payable and accrued expenses | $3,175,966 |
| Grants payable | $0 |
| Deferred revenue | $3,505,246 |
| Tax-exempt bond liabilities | $34,256,200 |
| Escrow or custodial account liability | $1,015,453 |
| 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 | $38,255,237 |
| Total liabilities | $80,208,102 |
| Net assets without donor restrictions | -$14,956,285 |
| Net assets with donor restrictions | $4,720,541 |
| 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 | $69,972,358 |